Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues and other income:
Operating lease revenue, net	$ 25,467,200	$ 21,913,300
Net gain on disposal of assets	6,790,700	3,147,200
Net gain on sales-type finance leases	5,179,200	0
Maintenance reserves revenue, net	589,000	3,393,600
Other income	507,600	252,400
Total Income	38,533,700	28,706,500
Expenses:
Depreciation	9,062,100	7,299,000
Interest	6,141,400	5,134,200
Management fees, net of approximately $1,200,000 of fees waived by JMC in 2014	5,581,400	3,864,900
Maintenance	4,660,600	7,478,400
Provision for impairment in value of aircraft	1,282,300	18,736,500
Professional fees, general and administrative and other	1,187,700	1,718,800
Insurance	409,600	1,255,300
Other taxes	187,300	465,200
Total expenses	28,512,400	45,952,300
Income/(loss) before income tax provision/(benefit)	10,021,300	(17,245,800)
Income tax provision/(benefit)	3,583,700	(5,951,800)
Net income/(loss)	$ 6,437,600	$ (11,294,000)
Earnings/(loss) per share:
Basic (in dollars per share)	$ 4.17	$ (7.32)
Diluted (in dollars per share)	$ 4.17	$ (7.32)
Weighted average shares used in earnings/(loss) per share computations:
Basic (in shares)	1,544,285	1,543,257
Diluted (in shares)	1,544,285	1,543,257