Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statements of Cash Flows (Unaudited) [Abstract]
Net cash provided by operating activities	$ 2,963,000	$ 4,783,300
Investing activities:
Proceeds from sale of aircraft and aircraft engines held for lease, net of re-sale fees	700,000	2,738,000
Proceeds from sale of assets held for sale, net of re-sale fees	1,687,000	215,200
Purchases of aircraft and aircraft engines	(1,309,800)	(32,225,000)
Net cash provided by/(used in) investing activities	1,077,200	(29,271,800)
Financing activities:
Borrowings under Credit Facility	0	30,600,000
Repayments of Credit Facility	(4,000,000)	(3,200,000)
Debt issuance costs	0	(95,000)
Net cash (used in)/provided by financing activities	(4,000,000)	27,305,000
Net increase in cash and cash equivalents	40,200	2,816,500
Cash and cash equivalents, beginning of period	1,840,500	2,112,700
Cash and cash equivalents, end of period	$ 1,880,700	$ 4,929,200