Aircraft Portfolio (Tables)

3 Months Ended

Aug. 31, 2011

Aircraft Portfolio

Schedule of summarized income statement information of the limited liability companies

	Three Months Ended
	August 31,
	2011		2010
Sales	$	9,490	$	12,266
Income before provision for income taxes	587		254

	August 31,		May 31,
	2011		2011
Balance sheet information:
Assets	$	192,281	$	219,810
Debt	109,441		127,037
Members’ capital	80,182		89,375

Schedule of summarized balance sheet information of the limited liability companies

	August 31,			May 31,
	2011			2011
Gross carrying value	$	26,553		$	44,586
Debt	(13,378		)	(14,072		)
Capital lease obligation	(6,249		)	(6,716		)
Net AAR investment	$	6,926		$	23,798

Components of investment in the wholly-owned aircraft, after consideration of financing

		Year		Lease Expiration	Post-Lease
Quantity	Aircraft Type	Manufactured	Lessee	Date (FY)	Disposition
1	737-300	1987	Available	—	Re-lease/Disassemble
2	767-300	1991	United Airlines	2016 and 2017	Re-lease
1	737-300	1997	Small Planet Airlines	2013	Re-lease
1	737-400	1993	Available	—	Sale
17	737-400	1992-1997	Malaysia Airlines	Various(1)	Sale/Re-lease
22

(1)  9 aircraft in 2012; 4 aircraft in 2013 and 4 aircraft in 2014

Information relating to aircraft type, year of manufacture, lessee, lease expiration date and expected disposition upon lease expiration

		Year		Lease Expiration	Post-Lease
Quantity	Aircraft Type	Manufactured	Lessee	Date (FY)	Disposition
1	MD83	1989	Meridiana	2012	Disassemble
1	A320	1992	Available	—	Sale
1	A320	1997	Donbassaero Airlines	2017	Re-lease
1	CRJ 200	1999	Air Wisconsin	2017	Sale/Disassemble
4