Condensed Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Condensed Statements of Cash Flows [Abstract]
Net cash provided by/(used in) operating activities	$ 12,999,700	$ (400,500)
Investing activities:
Proceeds from insurance	0	1,699,900
Proceeds from disposal of assets	3,392,000	2,101,500
Purchases of aircraft and aircraft engines	(25,660,600)	(2,356,900)
Net cash (used in)/provided by investing activities	(22,268,600)	1,444,500
Financing activities:
Borrowings under Credit Facility	19,900,000	2,500,000
Repayments of Credit Facility	(5,200,000)	(2,699,900)
Debt issuance costs	(1,605,000)	0
Repayments of Subordinated Notes	0	(1,448,000)
Net cash provided by/(used in) financing activities	13,095,000	(1,647,900)
Net increase/(decrease) in cash and cash equivalents	3,826,100	(603,900)
Cash and cash equivalents, beginning of period	995,500	1,949,400
Cash and cash equivalents, end of period	$ 4,821,600	$ 1,345,500