v3.25.4
AIRCRAFT AND ENGINES HELD FOR LEASE, NET (Tables)
12 Months Ended
Dec. 31, 2025
AIRCRAFT AND ENGINES HELD FOR LEASE, NET  
Summary of aircraft and engines held for operating leases, net

Aircraft and engines held for operating leases, net, consisted of the following (in thousands):

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

Aircraft and engines held for lease

$

134,868

$

96,910

Less accumulated depreciation

 

(32,507)

 

(29,063)

$

102,361

$

67,847

Schedule of total depreciation expense included in cost of leasing in the consolidated statements of operations

Total depreciation expense included in cost of leasing in the Consolidated Statements of Operations is as follows (in thousands):

Year Ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Depreciation expense

$

11,972

$

8,416

$

4,597

Schedule of contingent rental fees recognized as revenues related to supplemental rent

Contingent rental fees recognized as revenue related to supplemental rent were as follows (in thousands):

Year Ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Contingent rental fees

$

17,537

$

11,717

$

7,693

Summary of minimum future annual lease rentals contracted to be received under existing operating leases of flight equipment The minimum future lease rentals contracted to be received under these existing operating leases of Flight Equipment at December 31, 2025 are as follows (in thousands):

Year ending December 31:

  ​ ​ ​

2026

$

17,149

2027

11,062

2028

 

6,755

2029

6,051

2030

5,873

Thereafter

2,236

Total minimum lease payments

$

49,126