v3.25.2
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment, net consisted of the following (in thousands):
June 30, 2025December 31, 2024
Aircraft$397,523 $443,193 
Software development costs93,325 85,112 
Leasehold improvements18,327 22,882 
Computer equipment3,491 3,042 
Building and improvements1,424 1,424 
Furniture and fixtures2,251 3,322 
Tooling667 3,246 
Vehicles2,238 2,166 
     Total Property and equipment519,246 564,387 
Less: Accumulated depreciation and amortization(201,334)(216,048)
Total Property and equipment, net$317,912 $348,339 
Depreciation and amortization expense, excluding amortization expense related to software development costs, was $4.6 million and $13.3 million for the three and six months ended June 30, 2025, respectively, and $4.5 million and $10.8 million for the three and six months ended June 30, 2024, respectively.
Amortization expense related to software development costs was $4.2 million and $11.0 million for the three and six months ended June 30, 2025, respectively, and $6.3 million and $10.6 million for the three and six months ended June 30, 2024, respectively.