Operating Segments

12 Months Ended

Dec. 31, 2018

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 28% and 21% of the Company’s operating lease revenue was derived from lessees domiciled in the United States during 2018 and 2017, respectively.  All revenues relating to aircraft leased and operated internationally, with the exception of rent payable in Euros for two of the Company’s aircraft,  are denominated and payable in U.S. dollars.

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

	For the Years Ended December 31,
Operating Lease Revenue	2018		2017
Europe and United Kingdom	$	16,258,800	$	14,941,100
North America		10,119,100		8,506,700
Africa		-		3,306,100
Asia		1,259,600		1,251,300
Australia		-		997,500
	$	27,637,500	$	29,002,700

	December 31,
Net Book Value of Aircraft and Aircraft Engines Held for Lease	2018		2017
Europe and United Kingdom	$	110,069,000	$	92,108,500
North America		68,485,400		72,270,700
Off lease		-		24,636,900
Asia		5,465,500		6,082,100
	$	184,019,900	$	195,098,200

The table below sets forth geographic information about the Company’s finance lease revenue, grouped by domicile of the lessee:

	For the Years Ended December 31,
Finance Lease Revenue	2018		2017
Africa	$	832,800	$	1,180,600
United Kingdom		418,200		390,900
	$	1,251,000	$	1,571,500