v3.26.1
Reportable Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segments
The following tables present a summary of the reportable segments (in thousands):
Three months ended June 30, 2026Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$77,137 $— $— $77,137 
Maintenance reserve revenue46,456 — — 46,456 
Spare parts and equipment sales10,711 18,490 (8,021)21,180 
Interest revenue1,183 — — 1,183 
Gain on sale of leased equipment32,038 — — 32,038 
Gain on sale of financial assets154 — — 154 
Maintenance services revenue8,983 — — 8,983 
Management and advisory fees5,524 — — 5,524 
Other revenue1,225 277 (140)1,362 
Total revenue183,411 18,767 (8,161)194,017 
Expenses:
Depreciation and amortization expense29,056 12 — 29,068 
Cost of spare parts and equipment sales5,435 17,493 (7,831)15,097 
Cost of maintenance services10,571 — (221)10,350 
Write-down of equipment4,910 — — 4,910 
General and administrative54,147 1,412 — 55,559 
Technical expense9,916 — 31 9,947 
Net finance costs:
Interest expense29,689 — — 29,689 
Loss on debt extinguishment5,421 — — 5,421 
Total finance costs35,110 — — 35,110 
Total expenses149,145 18,917 (8,021)160,041 
Income (loss) from operations$34,266 $(150)$(140)$33,976 
Three months ended June 30, 2025Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$72,268 $— $— $72,268 
Maintenance reserve revenue50,743 — — 50,743 
Spare parts and equipment sales21,157 10,421 (1,224)30,354 
Interest revenue3,649 — — 3,649 
Gain on sale of leased equipment27,582 — — 27,582 
Maintenance services revenue8,031 — — 8,031 
Management and advisory fees2,588 — — 2,588 
Other revenue286 43 (42)287 
Total revenue186,304 10,464 (1,266)195,502 
Expenses:
Depreciation and amortization expense27,538 12 — 27,550 
Cost of spare parts and equipment sales19,768 9,328 (994)28,102 
Cost of maintenance services8,847 — (226)8,621 
Write-down of equipment11,458 — — 11,458 
General and administrative49,162 1,267 — 50,429 
Technical expense7,512 — (4)7,508 
Net finance costs:
Interest expense33,569 — — 33,569 
Total finance costs33,569 — — 33,569 
Total expenses157,854 10,607 (1,224)167,237 
Income (loss) from operations$28,450 $(143)$(42)$28,265 
Six months ended June 30, 2026Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$154,522 $— $— $154,522 
Maintenance reserve revenue101,968 — — 101,968 
Spare parts and equipment sales22,412 35,936 (15,481)42,867 
Interest revenue3,971 — — 3,971 
Gain on sale of leased equipment49,997 — — 49,997 
Gain on sale of financial assets592 — — 592 
Maintenance services revenue18,752 — — 18,752 
Management and advisory fees13,419 — — 13,419 
Other revenue2,095 448 (268)2,275 
Total revenue367,728 36,384 (15,749)388,363 
Expenses:
Depreciation and amortization expense59,223 23 — 59,246 
Cost of spare parts and equipment sales11,139 33,579 (15,204)29,514 
Cost of maintenance services19,479 — (269)19,210 
Write-down of equipment6,059 — — 6,059 
General and administrative109,379 2,784 — 112,163 
Technical expense19,643 — (8)19,635 
Net finance costs:
Interest expense62,322 — — 62,322 
Loss on debt extinguishment12,448 — — 12,448 
Total finance costs74,770 — — 74,770 
Total expenses299,692 36,386 (15,481)320,597 
Income (loss) from operations$68,036 $(2)$(268)$67,766 
Six months ended June 30, 2025Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$140,007 $— $— $140,007 
Maintenance reserve revenue105,602 — — 105,602 
Spare parts and equipment sales23,455 29,101 (3,962)48,594 
Interest revenue7,583 — — 7,583 
Gain on sale of leased equipment32,019 — — 32,019 
Gain on sale of financial assets378 — — 378 
Maintenance services revenue13,617 — — 13,617 
Management and advisory fees4,551 — — 4,551 
Other revenue787 185 (89)883 
Total revenue327,999 29,286 (4,051)353,234 
Expenses:
Depreciation and amortization expense52,543 31 — 52,574 
Cost of spare parts and equipment sales21,275 25,831 (3,681)43,425 
Cost of maintenance services14,223 — (273)13,950 
Write-down of equipment13,567 — — 13,567 
General and administrative95,957 2,192 — 98,149 
Technical expense13,746 — (8)13,738 
Net finance costs:
Interest expense65,663 — — 65,663 
Total finance costs65,663 — — 65,663 
Total expenses276,974 28,054 (3,962)301,066 
Income from operations$51,025 $1,232 $(89)$52,168 
Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Total assets as of June 30, 2026$3,594,919 $58,257 $— $3,653,176 
Total assets as of December 31, 2025$3,873,077 $63,238 $— $3,936,315