Aircraft Lease Assets (Tables)

6 Months Ended

Jun. 30, 2019

Aircraft Lease Assets [Abstract]

Aircraft and aircraft engines held for lease

	June 30, 2019					December 31, 2018
Type	Number Owned		% of net book value			Number owned		% of net book value
Regional jet aircraft		13		86	%		13		81	%
Turboprop aircraft		2		14	%		4		18	%
Engines		-		-	%		1		1	%

Minimum future lease revenue payments receivable

Years ending December 31
Remainder of 2019	$	13,717,000
2020		25,749,600
2021		18,648,200
2022		16,690,600
2023		13,007,800
Thereafter		21,589,500
	$	109,402,700

Net investment included in finance leases and direct financing leases receivable

	June 30, 2019			December 31, 2018
Gross minimum lease payments receivable	$	18,153,300		$	17,107,100
Less unearned interest		(1,564,100	)		(1,856,200	)
Finance leases receivable	$	16,589,200		$	15,250,900

Minimum future payments receivable under finance leases

Years ending December 31
Remainder of 2019	$	6,146,600
2020		4,708,200
2021		5,085,400
2022		2,213,100
	$	18,153,300