Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Operating activities:
Net income/(loss)	$ 5,189,000	$ (1,450,400)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Gain on disposal of assets	(1,486,100)	(1,371,000)
Depreciation	6,126,900	5,598,900
Non-cash interest	1,667,000	1,338,900
Deferred income taxes	2,324,800	(672,100)
Changes in operating assets and liabilities:
Accounts receivable	(260,100)	(928,900)
Finance lease receivable	60,900	225,200
Income taxes receivable	(300)	6,000
Prepaid expenses and other	(221,200)	(152,200)
Accounts payable and accrued expenses	741,000	(194,400)
Accrued interest on notes payable	(407,000)	349,900
Maintenance reserves and accrued costs	9,541,400	(889,800)
Security deposits	1,447,100	1,048,100
Prepaid rent	194,200	(19,000)
Income taxes payable	(1,300)	20,400
Net cash provided by operating activities	24,916,300	2,909,600
Investing activities:
Proceeds from sale of aircraft and aircraft engine, net of re-sale fees	5,322,200	2,101,500
Proceeds from insurance	0	1,699,900
Purchases of aircraft and aircraft engines	(30,632,200)	(7,521,400)
Net cash used in investing activities	(25,310,000)	(3,720,000)
Financing activities:
Borrowings under Credit Facility	19,900,000	6,500,000
Repayments of Credit Facility	(17,300,000)	(4,300,000)
Debt issuance costs	(1,605,000)	0
Repayments of Subordinated Notes	0	(2,343,500)
Net cash provided by/(used in) financing activities	995,000	(143,500)
Net increase/(decrease) in cash and cash equivalents	601,300	(953,900)
Cash and cash equivalents, beginning of year	995,500	1,949,400
Cash and cash equivalents, end of year	$ 1,596,800	$ 995,500