Operating Segments

12 Months Ended

Dec. 31, 2016

Operating Segments [Abstract]

Operating Segments

4.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 17% and 16% of the Company's operating lease revenue was derived from lessees domiciled in the United States during 2016 and 2015, 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	2016		2015
Europe and United Kingdom	$	9,999,900	$	7,181,600
North America		6,840,500		6,519,100
Africa		4,430,300		5,096,300
Asia		1,800,400		3,783,000
Australia		1,140,000		1,097,000
Central and South America		253,400		1,790,200
	$	24,464,500	$	25,467,200

	December 31,
Net Book Value of Aircraft and Aircraft Engines Held for Lease	2016		2015
Europe and United Kingdom	$	105,088,300	$	44,368,100
North America		42,824,300		42,162,900
Africa		21,724.400		27,234,800
Off lease		13,113,200		7,443,200
Asia		6,463,700		27,132,800
Australia		3,585,900		4,376,300
Central and South America		-		2,540,000
	$	192,799,800	$	155,258,100