Condensed Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Condensed Statements of Cash Flows [Abstract]
Net cash provided by/(used in) operating activities	$ 3,621,100	$ (539,800)
Investing activity -
Purchases of aircraft and aircraft engines	(8,209,100)	(312,200)
Net cash used in investing activity	(8,209,100)	(312,200)
Financing activities:
Borrowings under Credit Facility	7,400,000	0
Repayments of Credit Facility	(500,000)	0
Debt issuance costs	(1,605,000)	0
Repayments of Subordinated Notes	0	(800,000)
Net cash provided by/(used in) financing activities	5,295,000	(800,000)
Net increase/(decrease) in cash and cash equivalents	707,000	(1,652,000)
Cash and cash equivalents, beginning of period	995,500	1,949,400
Cash and cash equivalents, end of period	$ 1,702,500	$ 297,400