Annual report [Section 13 and 15(d), not S-K Item 405]

AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE, NET (Tables)

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AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE, NET (Tables)
12 Months Ended
Dec. 31, 2024
AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE, NET  
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, 2024

    

December 31, 2023

Aircraft and engines held for lease

$

96,910

$

58,136

Less accumulated depreciation

 

(29,063)

 

(31,661)

$

67,847

$

26,475

Schedule of total depreciation expense included in cost of leasing in the consolidated statements of operations

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

Year ended December 31, 

    

2024

    

2023

    

2022

Depreciation expense

$

8,416

$

4,597

$

6,606

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

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

Year ended December 31, 

    

2024

    

2023

    

2022

Contingent rental fees

$

11,717

$

7,693

$

12,776

Summary of minimum future annual lease rentals contracted to be received under existing operating leases of flight equipment The minimum future lease rentals contracted to be received under these existing operating leases of Flight Equipment at December 31, 2024 are as follows (in thousands):

Year ending December 31:

    

2025

$

23,277

2026

14,136

2027

 

6,973

2028

2,341

2029

2,335

Thereafter

2,200

Total minimum lease payments

$

51,262