Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating activities:
Net (loss)/income	$ (11,294,000)	$ 8,343,900
Adjustments to reconcile net income to net cash provided by operating activities:
Net gain on disposal of assets	(3,147,200)	(3,808,200)
Depreciation	7,299,000	7,363,100
Provision for impairment in value of aircraft	18,736,500	0
Non-cash interest	950,100	1,113,600
Deferred income taxes	(5,952,600)	4,321,300
Changes in operating assets and liabilities:
Accounts receivable	(498,000)	(96,100)
Finance lease receivable	1,895,200	246,000
Income taxes receivable	0	2,000
Prepaid expenses and other	486,700	(772,400)
Accounts payable and accrued expenses	(132,400)	(23,400)
Accrued interest on notes payable	163,300	(38,400)
Maintenance reserves and accrued costs	(1,313,700)	(9,128,800)
Security deposits	(2,167,700)	(525,200)
Unearned revenue	210,200	(105,700)
Income taxes payable	0	(19,100)
Net cash provided by operating activities	5,235,400	6,872,600
Investing activities:
Proceeds from sale of aircraft and aircraft engines held for lease, net of re-sale fees	15,854,800	10,018,700
Proceeds from sale of assets held for sale, net of re-sale fees	312,100	945,100
Purchases of aircraft and aircraft engines	(74,529,000)	(24,965,500)
Net cash used in investing activities	(58,362,100)	(14,001,700)
Financing activities:
Borrowings under Credit Facility	71,100,000	19,000,000
Repayments of Credit Facility	(15,200,000)	(9,300,000)
Debt issuance costs	(3,045,500)	(2,055,000)
Net cash provided by financing activities	52,854,500	7,645,000
Net (decrease)/increase in cash and cash equivalents	(272,200)	515,900
Cash and cash equivalents, beginning of year	2,112,700	1,596,800
Cash and cash equivalents, end of year	$ 1,840,500	$ 2,112,700