Annual report pursuant to Section 13 and 15(d)

AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE RENTAL (Tables)

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AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE RENTAL (Tables)
12 Months Ended
Dec. 31, 2023
AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE RENTAL  
Summary of aircraft and engines held for operating leases, net

Aircraft and engines held for operating leases, net, consists of the following (in thousands):

    

December 31, 2023

    

December 31, 2022

Aircraft and engines held for lease

$

58,136

$

83,902

Less accumulated depreciation

 

(31,661)

 

(52,614)

$

26,475

$

31,288

Schedule of total depreciation expense included in cost of leasing in the consolidated statement of operations, excluding amounts for assets leased to AerLine

Total depreciation expense included in cost of leasing in the Consolidated Statements of Operations is as follows (in thousands):

Year Ended December 31, 

    

2023

    

2022

    

2021

Depreciation expense

$

4,597

$

6,606

$

8,869

Schedule of contingent rental fees recognized as revenues related to supplemental rent

Contingent rental fees recognized as revenues related to supplemental rent were as follows (in thousands):

Year Ended December 31, 

    

2023

    

2022

    

2021

Contingent rental fees

$

7,693

$

12,776

$

8,218