Annual report pursuant to Section 13 and 15(d)

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

v3.20.4
AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE RENTAL REVENUES (Tables)
 12 Months Ended
Dec. 31, 2020
AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE RENTAL REVENUES  
Summary of aircraft and engines held for operating leases, net

 

 

 

 

 

 

 

 

    

2020

    

2019

Aircraft and engines held for operating leases

 

$

228,942,000

 

$

246,883,000

Less accumulated depreciation

 

 

(142,098,000)

 

 

(134,987,000)

 

 

$

86,844,000

 

$

111,896,000

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

    

2020

    

2019

    

2018

Depreciation expense

 

$

19,976,000

 

$

27,064,000

 

$

27,609,000

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2020

 

2019

 

2018

Contingent rental fees

    

$

11,851,000

    

$

21,550,000

    

$

29,186,000

 

Summary of minimum future annual lease rentals contracted to be received under existing operating leases of flight equipment

 

 

 

 

2021

    

$

22,819,000

2022

 

 

11,045,000

2023

 

 

2,022,000

 

 

$

35,886,000