Property, Plant and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2026

Property, plant and equipment, net consist of the following:


dollars in thousands	As of June 30, 2026		As of December 31, 2025
Aircraft	$	269,291	$	262,013
Less: Accumulated depreciation	(54,100)		(48,607)
Aircraft, net	215,191		213,406
Construction in progress	52		—
Vehicles and equipment	7,597		7,049
Buildings	1,165		1,200
Leasehold improvements	684		645
Licenses	235		235
Finance lease right-of-use asset	132		117
Capitalized software and development costs	39		35
Less: Accumulated depreciation	(4,418)		(3,873)
Leasehold improvements and equipment, net	5,486		5,408
Total property, plant and equipment, net	$	220,677	$	218,814