Equipment Held for Operating Lease (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Carrying Amounts of Assets Subject to Leases

The following table disaggregates equipment held for operating lease by asset class (in thousands):

	As of December 31,
	2023						2022
	Gross value		Accumulated depreciation		Net book value		Gross value		Accumulated depreciation		Net book value
	(in thousands)
Engines and related equipment	$	2,535,148	$	(569,596)	$	1,965,552	$	2,491,448	$	(525,172)	$	1,966,276
Aircraft and airframes	157,616		(21,409)		136,207		150,089		(15,543)		134,546
Marine vessel	14,366		(3,288)		11,078		13,581		(2,468)		11,113
	$	2,707,130	$	(594,293)	$	2,112,837	$	2,655,118	$	(543,183)	$	2,111,935

Schedule of Geographic Information About the Entity's Leased Aircraft Equipment Grouped by Domicile of the Lessee

The tables below set forth geographic information about the leased equipment grouped by domicile of the lessee (which is not necessarily indicative of the asset’s actual location):

	Years Ended December 31,
Lease rent revenue	2023		2022
Region	(in thousands)
United States	$	71,436	$	64,767
Asia-Pacific	69,692		40,270
Europe	43,790		35,621
South America	17,375		12,246
Canada	8,293		5,083
Central America	1,921		3,391
Middle East	631		1,193
Totals	$	213,138	$	162,571

Schedule of Lease Status of the Equipment Held for Operating Lease

	As of December 31,
Net book value of equipment held for operating lease	2023		2022
Region	(in thousands)
Asia-Pacific	$	530,309	$	485,737
United States	464,088		471,184
Europe	443,901		353,661
South America	136,917		141,145
Canada	109,056		69,030
Central America	43,192		130,187
Middle East	42,965		42,853
Off-lease	342,409		418,138
Totals	$	2,112,837	$	2,111,935

As of December 31, 2023, the lease status of the equipment held for operating lease (in thousands) was as follows:

Lease Term	Net Book Value
Off-lease and other	$	342,409
Month-to-month leases	360,550
Leases expiring 2024	613,557
Leases expiring 2025	230,389
Leases expiring 2026	180,004
Leases expiring 2027	105,166
Leases expiring 2028	118,635
Leases expiring thereafter	162,127
	$	2,112,837

Schedule of Minimum Future Payments Under Non-Cancelable Leases

As of December 31, 2023, minimum future payments under non-cancelable leases were as follows:

Year	(in thousands)
2024	$	158,408
2025	78,803
2026	50,926
2027	36,122
2028	6,431
Thereafter	45,031
	$	375,721