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Related Party Balances and Transactions (Tables)
9 Months Ended
Sep. 30, 2024
Related Party Transaction [Line Items]  
Schedule of Term Notes Outstanding

The Company’s total debt due to unrelated parties consist of the following (in thousands):

 

 

September 30,
2024

 

 

December 31,
2023

 

Note payable to a financing company, fixed interest rate of 7.60%, due November 2024

 

$

42

 

 

$

257

 

Note payable to bank, fixed interest rate of 4.65%, due November 2025

 

 

9

 

 

 

15

 

Note payable to a financing company, fixed interest rate of 5.49%, due December 2026

 

 

140

 

 

 

184

 

Notes payable to Clarus Capital, fixed interest rate of 8.66%, due April, June and September 2027

 

 

14,368

 

 

 

16,476

 

Notes payable to Skywest, fixed interest rates of 4% and 9%, due April 2028 and November 2024, respectively

 

 

4,944

 

 

 

5,656

 

Note payable to Tecnam, fixed interest rate of 6.75%, due July and August 2032

 

 

3,026

 

 

 

3,206

 

Long-term debt, gross

 

 

22,529

 

 

 

25,794

 

Current maturities of long-term debt

 

 

(4,822

)

 

 

(5,177

)

Long-term debt, net of current maturities

 

$

17,707

 

 

$

20,617

 

 

LamVen  
Related Party Transaction [Line Items]  
Schedule of Term Notes Outstanding As of September 30, 2024 and December 31, 2023, the term notes outstanding are as follows (in thousands):

 

 

 

September 30, 2024

 

 

December 31, 2023

 

Term notes with LamVen, a related party

 

$

48,272

 

 

$

18,610

 

Total

 

$

48,272

 

 

$

18,610