Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases is as follows (in thousands):

Operating Leases	Classification	December 31, 2023		December 31, 2022
Assets
Right-of-use assets	Operating lease right-of-use assets	$	12,818	$	1,143
Liabilities
Lease liabilities, current	Operating lease liabilities, current	$	4,104	$	903
Lease liabilities, current	Due to related parties, current		1,686		—
Lease liabilities, long term	Operating lease liabilities, long term		5,507		246
Lease liabilities, long term	Due to related parties, long term		1,673		—
Total lease liabilities		$	12,970	$	1,149

Lease Term and Discount Rate

Lease term and discount rate were as follows:

	December 31, 2023			December 31, 2022
Weighted average remaining lease term	2.6 years			1.2 years
Weighted average discount rate		7.96	%		7.29	%

The Components of Lease Cost

The components of lease cost are as follows (in thousands):

		Year ended December 31,
Lease Cost	Classification	2023		2022
Operating lease cost - aircraft	Cost of revenue	$	3,469	$	1,200
Operating lease cost - non-aircraft	Cost of revenue		163		235
Operating lease cost - non-aircraft	General and administrative		333		228
Lease cost, short term	Cost of revenue		1,827		58
Lease cost, short term	General and administrative		156		—
Engine reserves	Cost of revenue		1,518		—
Total lease cost		$	7,466	$	1,721

Supplemental disclosures of cash flow and other information related to leases are as follows (in thousands):

	Year Ended December 31,
	2023		2022
Cash paid for operating lease liabilities	$	3,044	$	372
Non-cash transactions - operating lease assets obtained in exchange for operating lease liabilities	$	1,858	$	1,800

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows as of December 31, 2023 (in thousands):

	Amount
2024	$	6,571
2025		4,484
2026		2,398
2027		939
2028		—
Thereafter		—
Total lease payment, undiscounted		14,392
Less: imputed interest		1,422
Total	$	12,970

Supplemental Balance Sheet Information Related to Finance Leases

Supplemental balance sheet information related to finance leases is as follows (in thousands):

	December 31, 2023		December 31, 2022
Assets
Finance lease right-of-use assets	$	1,343	$	—
Liabilities
Finance lease liabilities, current	$	215	$	—
Finance lease liabilities, long term		1,137		—
Total finance lease liabilities	$	1,352	$	—

Lease Term and Discount Rate

Lease term and discount rate are as follows:

	December 31, 2023			December 31, 2022
Weighted average remaining lease term	5.3 years				—
Weighted average discount rate		11.45	%		—

Supplemental Disclosures of Cash Flow and Other Information Related to Leases

Supplemental disclosures of cash flow and other information related to leases are as follows (in thousands):

	Year Ended December 31,
	2023		2022
Cash paid for finance lease liabilities	$	113	$	—
Non-cash transactions - Finance lease assets obtained in exchange for finance lease liabilities	$	1,143	$	—

Maturities of Finance Lease Liabilities

Maturities of finance lease liabilities are as follows as of December 31, 2023 (in thousands):

	Amount
2024	$	359
2025		348
2026		336
2027		330
2028		264
Thereafter		176
Total lease payment, undiscounted		1,813
Less: imputed interest		461
Total	$	1,352