Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues and other income:
Operating lease revenue, net	$ 5,332,300	$ 4,672,800	$ 11,183,100	$ 9,573,100
Maintenance reserves revenue, net	1,717,800	1,191,500	3,393,600	7,720,000
Net gain on disposal of assets	762,500	1,944,300	1,154,400	2,162,500
Other income	66,700	56,800	151,100	606,700
Total Income	7,879,300	7,865,400	15,882,200	20,062,300
Expenses:
Provision for impairment in value of aircraft	6,800,000	0	6,800,000	0
Depreciation	2,012,600	1,815,800	3,878,400	3,573,000
Maintenance	1,302,300	1,330,400	3,646,600	3,469,800
Management fees	1,332,600	1,076,700	2,659,900	2,172,600
Interest	1,261,200	1,002,500	2,568,100	2,068,100
Professional fees, general and administrative and other	822,900	297,500	1,127,500	624,300
Insurance	313,300	298,000	620,600	552,000
Other taxes	22,500	22,500	45,100	45,100
Total expenses	13,867,400	5,843,400	21,346,200	12,504,900
(Loss)/income before income tax provision	(5,988,100)	2,022,000	(5,464,000)	7,557,400
Income tax (benefit)/provision	(2,067,700)	685,600	(1,913,200)	2,403,100
Net (loss)/income	$ (3,920,400)	$ 1,336,400	$ (3,550,800)	$ 5,154,300
(Loss)/earnings per share:
Basic (in dollars per share)	$ (2.54)	$ 0.87	$ (2.30)	$ 3.34
Diluted (in dollars per share)	$ (2.54)	$ 0.84	$ (2.30)	$ 3.25
Weighted average shares used in (loss)/earnings per share computations:
Basic (in shares)	1,543,257	1,543,257	1,543,257	1,543,257
Diluted (in shares)	1,543,257	1,588,331	1,543,257	1,585,666