Annual report pursuant to Section 13 and 15(d)

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

v3.22.4
AIRCRAFT AND ENGINES HELD FOR LEASE AND LEASE RENTAL (Tables)
12 Months Ended
Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
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, 2022

    

December 31, 2021

Aircraft and engines held for operating leases

$

83,902

$

197,397

Less accumulated depreciation

 

(52,614)

 

(124,033)

$

31,288

$

73,364

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, 

    

2022

    

2021

    

2020

Depreciation expense

$

6,606

$

8,869

$

19,976

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, 

    

2022

    

2021

    

2020

Contingent rental fees

$

12,776

$

8,218

$

11,851

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

Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of December 31, 2021 (in thousands):

Year ending December 31:

2022

$

4,064

2023

3,571

2024

 

3,103

2025

 

2,137

2026

 

1,851

Thereafter

 

2,601

Total minimum lease payments

$

17,327

Flight Equipment  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Summary of minimum future annual lease rentals contracted to be received under existing operating leases of flight equipment Minimum future annual lease rentals contracted to be received under existing operating leases of Flight Equipment at December 31, 2022 were as follows (in thousands):

Year ending December 31:

    

2023

$

6,567

2024

194

Total minimum lease payments

$

6,761