v3.26.1
PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment, net consisted of the following (in thousands):
March 31, 2026December 31, 2025
Aircraft$311,734 $278,078 
Software development costs99,083 96,930 
Leasehold improvements15,438 13,869 
Computer equipment490 521 
Building and improvements1,412 1,412 
Furniture and fixtures1,314 1,320 
Tooling504 504 
Vehicles1,719 1,732 
     Total Property and equipment431,694 394,366 
Less: Accumulated depreciation and amortization(168,181)(174,637)
Total Property and equipment, net$263,513 $219,729 
Depreciation and amortization expense, excluding amortization expense related to software development costs, was $3.6 million and $8.7 million for the three months ended March 31, 2026 and 2025, respectively.
Amortization expense related to software development costs was $3.6 million and $6.8 million for the three months ended March 31, 2026 and 2025, respectively.