Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues and other income:
Operating lease revenue, net	$ 4,815,400	$ 4,368,200	$ 15,998,500	$ 13,941,200
Maintenance reserves revenue, net	0	6,146,000	3,393,600	13,866,000
Net gain on disposal of assets	1,809,400	1,985,200	2,963,900	4,147,700
Other income	700	37,800	151,800	644,500
Total Income	6,625,500	12,537,200	22,507,800	32,599,400
Expenses:
Provision for impairment in value of aircraft	11,718,700	0	18,518,700	0
Maintenance	2,173,200	1,413,800	5,819,800	4,883,700
Depreciation	1,731,500	1,803,600	5,609,900	5,376,600
Management fees	1,205,000	1,058,400	3,864,900	3,231,000
Interest	1,225,000	966,200	3,793,000	3,034,300
Professional fees, general and administrative and other	360,200	256,400	1,488,000	881,000
Insurance	413,600	276,300	1,034,100	827,900
Other taxes	362,500	22,500	407,600	67,600
Bad debt expense	0	357,600	0	357,600
Total expenses	19,189,700	6,154,800	40,536,000	18,659,700
(Loss)/income before income tax provision	(12,564,200)	6,382,400	(18,028,200)	13,939,700
Income tax (benefit)/provision	(4,317,200)	2,361,200	(6,230,400)	4,764,300
Net (loss)/income	$ (8,247,000)	$ 4,021,200	$ (11,797,800)	$ 9,175,400
(Loss)/earnings per share:
Basic (in dollars per share)	$ (5.34)	$ 2.61	$ (7.64)	$ 5.95
Diluted (in dollars per share)	$ (5.34)	$ 2.53	$ (7.64)	$ 5.78
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	1,590,164	1,543,257	1,587,329