Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of the Reportable Segments

The following tables present a summary of the reportable segments (in thousands):

Three months ended March 31, 2024	Leasing and  Related Operations		Spare Parts Sales		Eliminations		Total
Revenue:
Lease rent revenue	$	52,881	$	—	$	—	$	52,881
Maintenance reserve revenue	43,870		—		—		43,870
Spare parts and equipment sales	84		3,204		—		3,288
Interest revenue	2,269		—		—		2,269
Gain on sale of leased equipment	9,201		—		—		9,201
Maintenance services revenue	5,227		—		—		5,227
Other revenue	2,144		241		(38)		2,347
Total revenue	115,676		3,445		(38)		119,083
Expenses:
Depreciation and amortization expense	22,468		18		—		22,486
Cost of spare parts and equipment sales	9		2,696		—		2,705
Cost of maintenance services	5,574		—		—		5,574
Write-down of equipment	261		—		—		261
General and administrative	28,186		1,395		—		29,581
Technical expense	8,255		—		—		8,255
Net finance costs:
Interest expense	23,003		—		—		23,003
Total finance costs	23,003		—		—		23,003
Total expenses	87,756		4,109		—		91,865
Income (loss) from operations	$	27,920	$	(664)	$	(38)	$	27,218

Three months ended March 31, 2023	Leasing and  Related Operations		Spare Parts Sales		Eliminations		Total
Revenue:
Lease rent revenue	$	53,220	$	—	$	—	$	53,220
Maintenance reserve revenue	23,498		—		—		23,498
Spare parts and equipment sales	55		4,997		—		5,052
Interest revenue	2,046		—		—		2,046
Loss on sale of leased equipment	(133)		—		—		(133)
Maintenance services revenue	4,659		—		—		4,659
Other revenue	1,129		98		(34)		1,193
Total revenue	84,474		5,095		(34)		89,535
Expenses:
Depreciation and amortization expense	22,517		32		—		22,549
Cost of spare parts and equipment sales	8		4,491		—		4,499
Cost of maintenance services	3,927		—		—		3,927
General and administrative	26,791		1,040		—		27,831
Technical expense	4,342		—		—		4,342
Net finance costs:
Interest expense	18,389		—		—		18,389
Total finance costs	18,389		—		—		18,389
Total expenses	75,974		5,563		—		81,537
Income (loss) from operations	$	8,500	$	(468)	$	(34)	$	7,998

	Leasing and  Related Operations		Spare Parts Sales		Eliminations		Total
Total assets as of March 31, 2024	$	2,583,678	$	90,784	$	—	$	2,674,462
Total assets as of December 31, 2023	$	2,602,907	$	49,437	$	—	$	2,652,344