Note 14 - Lease Right-to-use

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Lessee, Finance Leases [Text Block]

14. Lease Right-to-Use:

We lease hangars and office space with initial lease terms of five, forty-six, and fifty years.

	October 31, 2024
Lease right-to-use assets	$	3,829
Less accumulated depreciation		363
Total	$	3,466

Future minimum lease payments for assets under finance leases at October 31, 2024 are as follows:

2025	$	271
2026		275
2027		280
2028		285
2029		234
Thereafter		12,643
Total minimum lease payments		13,988
Less amount representing interest		9,944
Present value of net minimum lease payments		4,044
Less current maturities of lease liability		116
Lease liability, net of current maturities	$	3,928

Finance lease costs at October 31, 2024 and  October 31, 2023 are as follows: 

	October 31, 2024		October 31, 2023
Finance lease cost:
Amortization of right-of-use assets	$	98	$	95
Interest on lease liabilities		107		94
Total finance lease cost	$	205	$	189

	October 31, 2024			October 31, 2023
Weighted average remaining lease term - Financing leases (in years)		38			44
Weighted average discount rate - Financing leases		5.9	%		5.8	%