v3.26.1
Reportable Segments (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
USD ($)
segment
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Reportable Segments      
Number of reportable segments | segment 2    
Number of operating segments | segment 2    
Revenue:      
Interest revenue $ 2,788 $ 3,934  
Gain on sale of leased equipment 17,959 4,437  
Gain on sale of financial assets 438 378  
Management and advisory fees 7,895 1,963  
Total revenue 194,346 157,732  
Expenses:      
Depreciation and amortization expense 30,178 25,024  
Cost of spare parts and equipment sales 14,417 15,323  
Cost of maintenance services 8,860 5,329  
Write-down of equipment 1,149 2,109  
General and administrative 56,604 47,720  
Technical expense 9,688 6,230  
Interest expense 32,633 32,094  
Loss on debt extinguishment 7,027 0  
Total finance costs 39,660 32,094  
Total expenses 160,556 133,829  
Income (loss) from operations 33,790 23,903  
Assets [1] 3,506,185   $ 3,936,315
Operating Segments | Leasing and  Related Operations      
Revenue:      
Interest revenue 2,788 3,934  
Gain on sale of leased equipment 17,959 4,437  
Gain on sale of financial assets 438 378  
Total revenue 184,317 141,695  
Expenses:      
Depreciation and amortization expense 30,167 25,005  
Cost of spare parts and equipment sales 5,703 1,507  
Cost of maintenance services 8,908 5,376  
Write-down of equipment 1,149 2,109  
General and administrative 55,232 46,795  
Technical expense 9,727 6,234  
Interest expense 32,633 32,094  
Loss on debt extinguishment (7,027)    
Total finance costs 39,660 32,094  
Total expenses 150,546 119,120  
Income (loss) from operations 33,771 22,575  
Assets 3,449,864   3,873,077
Operating Segments | Spare Parts Sales      
Revenue:      
Interest revenue 0 0  
Gain on sale of leased equipment 0 0  
Gain on sale of financial assets 0 0  
Total revenue 17,617 18,821  
Expenses:      
Depreciation and amortization expense 11 19  
Cost of spare parts and equipment sales 16,087 16,503  
Cost of maintenance services 0 0  
Write-down of equipment 0 0  
General and administrative 1,372 925  
Technical expense 0 0  
Interest expense 0 0  
Loss on debt extinguishment 0    
Total finance costs 0 0  
Total expenses 17,470 17,447  
Income (loss) from operations 147 1,374  
Assets 56,321   63,238
Eliminations      
Revenue:      
Interest revenue 0 0  
Gain on sale of leased equipment 0 0  
Gain on sale of financial assets 0 0  
Total revenue (7,588) (2,784)  
Expenses:      
Depreciation and amortization expense 0 0  
Cost of spare parts and equipment sales (7,373) (2,687)  
Cost of maintenance services (48) (47)  
Write-down of equipment 0 0  
General and administrative 0 0  
Technical expense (39) (4)  
Interest expense 0 0  
Loss on debt extinguishment 0    
Total finance costs 0 0  
Total expenses (7,460) (2,738)  
Income (loss) from operations (128) (46)  
Assets 0   $ 0
Lease rent revenue      
Revenue:      
Lease rent and maintenance reserve revenue 77,385 67,739  
Lease rent revenue | Operating Segments | Leasing and  Related Operations      
Revenue:      
Lease rent and maintenance reserve revenue 77,385 67,739  
Lease rent revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Lease rent revenue | Eliminations      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Maintenance reserve revenue      
Revenue:      
Lease rent and maintenance reserve revenue 55,512 54,859  
Maintenance reserve revenue | Operating Segments | Leasing and  Related Operations      
Revenue:      
Lease rent and maintenance reserve revenue 55,512 54,859  
Maintenance reserve revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Maintenance reserve revenue | Eliminations      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Spare parts and equipment sales      
Revenue:      
Other sales and revenue 21,687 18,240  
Spare parts and equipment sales | Operating Segments | Leasing and  Related Operations      
Revenue:      
Other sales and revenue 11,701 2,298  
Spare parts and equipment sales | Operating Segments | Spare Parts Sales      
Revenue:      
Other sales and revenue 17,446 18,680  
Spare parts and equipment sales | Eliminations      
Revenue:      
Other sales and revenue (7,460) (2,738)  
Maintenance Services      
Revenue:      
Other sales and revenue 9,769 5,586  
Maintenance Services | Operating Segments | Leasing and  Related Operations      
Revenue:      
Other sales and revenue 9,769 5,586  
Maintenance Services | Operating Segments | Spare Parts Sales      
Revenue:      
Other sales and revenue 0 0  
Maintenance Services | Eliminations      
Revenue:      
Other sales and revenue 0 0  
Other revenue      
Revenue:      
Other sales and revenue 913 596  
Other revenue | Operating Segments | Leasing and  Related Operations      
Revenue:      
Other sales and revenue 870 501  
Other revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Other sales and revenue 171 141  
Other revenue | Eliminations      
Revenue:      
Other sales and revenue (128) (46)  
Management and Advisory Fees      
Revenue:      
Management and advisory fees 7,895 1,963  
Management and Advisory Fees | Operating Segments | Leasing and  Related Operations      
Revenue:      
Management and advisory fees 7,895 1,963  
Management and Advisory Fees | Operating Segments | Spare Parts Sales      
Revenue:      
Management and advisory fees 0 0  
Management and Advisory Fees | Eliminations      
Revenue:      
Management and advisory fees $ 0 $ 0  
[1] Total assets at March 31, 2026 and December 31, 2025, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $196,023 and $530,500; Equipment $1,848,555 and $1,892,356; Maintenance rights $19,447 and $19,502; Notes receivable $65,171 and $139,538; Investments in sales-type leases $0 and $15,774; and Other assets $15,265 and $9,759 (each respectively).