v3.26.1
Reportable Segments (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Reportable Segments          
Number of reportable segments | segment     2    
Revenue:          
Interest revenue $ 1,183 $ 3,649 $ 3,971 $ 7,583  
Gain on sale of leased equipment 32,038 27,582 49,997 32,019  
Gain on sale of financial assets 154 0 592 378  
Management and advisory fees 5,524 2,588 13,419 4,551  
Total revenue 194,017 195,502 388,363 353,234  
Expenses:          
Depreciation and amortization expense 29,068 27,550 59,246 52,574  
Cost of spare parts and equipment sales 15,097 28,102 29,514 43,425  
Cost of maintenance services 10,350 8,621 19,210 13,950  
Write-down of equipment 4,910 11,458 6,059 13,567  
General and administrative 55,559 50,429 112,163 98,149  
Technical expense 9,947 7,508 19,635 13,738  
Interest expense 29,689 33,569 62,322 65,663  
Loss on debt extinguishment 5,421 0 12,448 0  
Total finance costs 35,110 33,569 74,770 65,663  
Total expenses 160,041 167,237 320,597 301,066  
Income (loss) from operations 33,976 28,265 67,766 52,168  
Assets [1] 3,653,176   3,653,176   $ 3,936,315
Operating Segments | Leasing and  Related Operations          
Revenue:          
Interest revenue 1,183 3,649 3,971 7,583  
Gain on sale of leased equipment 32,038 27,582 49,997 32,019  
Gain on sale of financial assets 154   592 378  
Total revenue 183,411 186,304 367,728 327,999  
Expenses:          
Depreciation and amortization expense 29,056 27,538 59,223 52,543  
Cost of spare parts and equipment sales 5,435 19,768 11,139 21,275  
Cost of maintenance services 10,571 8,847 19,479 14,223  
Write-down of equipment 4,910 11,458 6,059 13,567  
General and administrative 54,147 49,162 109,379 95,957  
Technical expense 9,916 7,512 19,643 13,746  
Interest expense 29,689 33,569 62,322 65,663  
Loss on debt extinguishment (5,421)   12,448    
Total finance costs 35,110 33,569 74,770 65,663  
Total expenses 149,145 157,854 299,692 276,974  
Income (loss) from operations 34,266 28,450 68,036 51,025  
Assets 3,594,919   3,594,919   3,873,077
Operating Segments | Spare Parts Sales          
Revenue:          
Interest revenue 0 0 0 0  
Gain on sale of leased equipment 0 0 0 0  
Gain on sale of financial assets 0   0 0  
Total revenue 18,767 10,464 36,384 29,286  
Expenses:          
Depreciation and amortization expense 12 12 23 31  
Cost of spare parts and equipment sales 17,493 9,328 33,579 25,831  
Cost of maintenance services 0 0 0 0  
Write-down of equipment 0 0 0 0  
General and administrative 1,412 1,267 2,784 2,192  
Technical expense 0 0 0 0  
Interest expense 0 0 0 0  
Loss on debt extinguishment 0   0    
Total finance costs 0 0 0 0  
Total expenses 18,917 10,607 36,386 28,054  
Income (loss) from operations (150) (143) (2) 1,232  
Assets 58,257   58,257   63,238
Eliminations          
Revenue:          
Interest revenue 0 0 0 0  
Gain on sale of leased equipment 0 0 0 0  
Gain on sale of financial assets 0   0 0  
Total revenue (8,161) (1,266) (15,749) (4,051)  
Expenses:          
Depreciation and amortization expense 0 0 0 0  
Cost of spare parts and equipment sales (7,831) (994) (15,204) (3,681)  
Cost of maintenance services (221) (226) (269) (273)  
Write-down of equipment 0 0 0 0  
General and administrative 0 0 0 0  
Technical expense 31 (4) (8) (8)  
Interest expense 0 0 0 0  
Loss on debt extinguishment 0   0    
Total finance costs 0 0 0 0  
Total expenses (8,021) (1,224) (15,481) (3,962)  
Income (loss) from operations (140) (42) (268) (89)  
Assets 0   0   $ 0
Lease rent revenue          
Revenue:          
Lease rent and maintenance reserve revenue 77,137 72,268 154,522 140,007  
Lease rent revenue | Operating Segments | Leasing and  Related Operations          
Revenue:          
Lease rent and maintenance reserve revenue 77,137 72,268 154,522 140,007  
Lease rent revenue | Operating Segments | Spare Parts Sales          
Revenue:          
Lease rent and maintenance reserve revenue 0 0 0 0  
Lease rent revenue | Eliminations          
Revenue:          
Lease rent and maintenance reserve revenue 0 0 0 0  
Maintenance reserve revenue          
Revenue:          
Lease rent and maintenance reserve revenue 46,456 50,743 101,968 105,602  
Maintenance reserve revenue | Operating Segments | Leasing and  Related Operations          
Revenue:          
Lease rent and maintenance reserve revenue 46,456 50,743 101,968 105,602  
Maintenance reserve revenue | Operating Segments | Spare Parts Sales          
Revenue:          
Lease rent and maintenance reserve revenue 0 0 0 0  
Maintenance reserve revenue | Eliminations          
Revenue:          
Lease rent and maintenance reserve revenue 0 0 0 0  
Spare parts and equipment sales          
Revenue:          
Other sales and revenue 21,180 30,354 42,867 48,594  
Spare parts and equipment sales | Operating Segments | Leasing and  Related Operations          
Revenue:          
Other sales and revenue 10,711 21,157 22,412 23,455  
Spare parts and equipment sales | Operating Segments | Spare Parts Sales          
Revenue:          
Other sales and revenue 18,490 10,421 35,936 29,101  
Spare parts and equipment sales | Eliminations          
Revenue:          
Other sales and revenue (8,021) (1,224) (15,481) (3,962)  
Maintenance services revenue          
Revenue:          
Other sales and revenue 8,983 8,031 18,752 13,617  
Maintenance services revenue | Operating Segments | Leasing and  Related Operations          
Revenue:          
Other sales and revenue 8,983 8,031 18,752 13,617  
Maintenance services revenue | Operating Segments | Spare Parts Sales          
Revenue:          
Other sales and revenue 0 0 0 0  
Maintenance services revenue | Eliminations          
Revenue:          
Other sales and revenue 0 0 0 0  
Other revenue          
Revenue:          
Other sales and revenue 1,362 287 2,275 883  
Other revenue | Operating Segments | Leasing and  Related Operations          
Revenue:          
Other sales and revenue 1,225 286 2,095 787  
Other revenue | Operating Segments | Spare Parts Sales          
Revenue:          
Other sales and revenue 277 43 448 185  
Other revenue | Eliminations          
Revenue:          
Other sales and revenue (140) (42) (268) (89)  
Management and advisory fees          
Revenue:          
Management and advisory fees 5,524 2,588 13,419 4,551  
Management and advisory fees | Operating Segments | Leasing and  Related Operations          
Revenue:          
Management and advisory fees 5,524 2,588 13,419 4,551  
Management and advisory fees | Operating Segments | Spare Parts Sales          
Revenue:          
Management and advisory fees 0 0 0 0  
Management and advisory fees | Eliminations          
Revenue:          
Management and advisory fees $ 0 $ 0 $ 0 $ 0  
[1] Total assets at June 30, 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 $161,497 and $530,500; Equipment $1,752,419 and $1,892,356; Maintenance rights $18,801 and $19,502; Notes receivable $67,656 and $139,538; Investments in sales-type leases $0 and $15,774; and Other assets $9,640 and $9,759 (each respectively).