Operating Segments

12 Months Ended

Dec. 31, 2014

Operating Segments [Abstract]

Operating Segments

5.Operating Segments

The Company operates in one business segment, the leasing of regional aircraft to foreign and domestic regional airlines, and therefore does not present separate segment information for lines of business.

Approximately 18% and 0% of the Company’s operating lease revenue was derived from lessees domiciled in the United States during 2014 and 2013, respectively.  All revenues relating to aircraft leased and operated internationally are denominated and payable in U.S. dollars.

The tables below set forth geographic information about the Company’s operating lease revenue for leased aircraft and aircraft equipment, grouped by domicile of the lessee:

	For the Years Ended December 31,
Operating Lease Revenue	2014		2013
North America	$	6,423,700	$	1,542,000
Africa		5,183,600		5,454,700
Central and South America		3,533,300		4,233,000
Asia		3,460,400		4,149,000
Europe and United Kingdom		2,952,300		3,415,500
Australia		360,000		-
	$	21,913,300	$	18,794,200

	December 31,
Net Book Value of Aircraft and Aircraft Engines Held for Lease	2014		2013
North America	$	65,423,400	$	17,779,000
Europe and United Kingdom		43,468,700		20,384,700
Africa		28,858,200		29,951,800
Off lease		17,106,000		34,446,300
Asia		16,588,900		31,068,800
Central and South America		10,146,100		19,324,000
Australia		5,171,300		-
	$	186,762,600	$	152,954,600