Aircraft Portfolio (Tables)

6 Months Ended

Nov. 30, 2011

Aircraft Portfolio

Schedule of summarized income statement information of the limited liability companies

	Three Months Ended				Six Months Ended
	November 30,				November 30,
	2011		2010		2011		2010
Sales	$	11,984	$	25,589	$	21,474	$	37,855
Income before provision for income taxes	592		5,248		1,179		5,502

Schedule of summarized balance sheet information of the limited liability companies

	November 30,		May 31,
	2011		2011
Balance sheet information:
Assets	$	177,356	$	219,810
Debt	93,305		127,037
Members’ capital	80,112		89,375

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

	November 30,			May 31,
	2011			2011
Gross carrying value	$	27,432		$	44,586
Debt	(15,966		)	(14,072		)
Capital lease obligation	—			(6,716		)
Net AAR investment	$	11,466		$	23,798

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

Aircraft Owned through Joint Ventures

		Year		Lease Expiration	Post-Lease
Quantity	Aircraft Type	Manufactured	Lessee	Date (FY)	Disposition
2	767-300	1991	United Airlines	2016 and 2017	Re-lease
3	737-400	1992-1993	Available	—	Sale
15	737-400	1992-1997	Malaysia Airlines	Various(1)	Sale/Re-lease
20

(1) 7 aircraft in 2012; 4 aircraft in 2013 and 4 aircraft in 2014

Wholly-Owned Aircraft

		Year		Lease Expiration	Post-Lease
Quantity	Aircraft Type	Manufactured	Lessee	Date (FY)	Disposition
1	MD83	1989	Meridiana	2012	Disassemble
1	737-300	1997	Small Planet Airlines	2015	Re-lease
1	A320	1997	Donbassaero Airlines	2017	Re-lease
3