v3.25.4
Property, Plant and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of Property Plant And Equipment Net

Property and equipment, net, consists of the following (in thousands):

 

 

 

December 31,
2025

 

 

December 31,
2024

 

Aircraft, equipment and rotable spares

 

$

45,519

 

 

$

40,290

 

Equipment purchase deposits

 

 

2,000

 

 

 

2,000

 

Leasehold improvements

 

 

2,192

 

 

 

2,301

 

Office, vehicles and ground equipment

 

 

1,245

 

 

 

1,158

 

Internal-use software

 

 

4,993

 

 

 

2,729

 

Property and equipment, gross

 

 

55,949

 

 

 

48,478

 

Accumulated depreciation

 

 

(10,354

)

 

 

(6,265

)

Property and equipment, net

 

$

45,595

 

 

$

42,213