Segment And Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2024 and 2023:

	For the years ended December 31,
($s in thousands)	2024		2023
Revenues	$	98,613	$	66,708
Cost of revenues:
Flight operations	31,016		24,412
Maintenance	26,459		16,928
Total cost of revenues	57,475		41,340
Gross income	41,138		25,368
Depreciation and amortization	17,451		11,089
Selling, general and administrative expense	18,369		71,774
Operating income (loss)	5,318		(57,495)
Interest income	191		1,637
Interest expense	(23,714)		(23,218)
Other income	1,876		1,416
Loss before income taxes	(16,329)		(77,660)
Income tax benefit	762		302
Net loss	$	(15,567)	$	(77,358)

Revenue from External Customers by Geographic Areas

The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the Consolidated Balance Sheets were located as follows:

	As of December 31,
($s in thousands)	2024		2023
United States	$	190,560	$	203,759
Spain	2,017		1,117