Condensed Statement of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Statement of Cash Flows (Unaudited) [Abstract]
Net cash provided/(used) by operating activities	$ (404,900)	$ 6,462,300
Investing activities:
Proceeds from insurance	0	2,380,700
Proceeds from disposal of assets	2,101,500	0
Acquisition costs and equipment additions to aircraft	(356,200)	(322,300)
Net cash provided by/(used in) investing activities	1,745,300	2,058,400
Financing activities:
Repayments of Credit Facility	(1,000,000)	(3,500,000)
Repayments of Subordinated Notes	(825,000)	(3,047,500)
Net cash used in financing activities	(1,825,000)	(6,547,500)
Net increase/(decrease) in cash and cash equivalents	(484,600)	1,973,200
Cash and cash equivalents, beginning of period	1,949,400	1,252,500
Cash and cash equivalents, end of period	$ 1,464,800	$ 3,225,700