| Schedule of Selected Financial Information |
The following table presents selected financial information with respect to the Company’s single operating segment for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, | | For the six months ended June 30, | dollars in thousands | | 2026 | | 2025 | | 2026 | | 2025 | Revenues | | $ | 30,494 | | | $ | 30,751 | | | $ | 39,006 | | | $ | 46,397 | | Cost of revenues: | | | | | | | | | Flight operations | | 10,059 | | | 7,856 | | | 16,620 | | | 14,108 | | Maintenance | | 9,113 | | | 10,844 | | | 19,600 | | | 21,799 | | Total cost of revenues | | 19,172 | | | 18,700 | | | 36,220 | | | 35,907 | | Gross income | | 11,322 | | | 12,051 | | | 2,786 | | | 10,490 | | | | | | | | | | | Selling, general and administrative expense | | (5,309) | | | (6,524) | | | (22,039) | | | (15,114) | | | | | | | | | | | | | | | | | | | | Interest expense | | (6,607) | | | (5,737) | | | (12,757) | | | (11,472) | | Other income | | 91 | | | 700 | | | 231 | | | 1,299 | | (Loss) income before income taxes | | (503) | | | 490 | | | (31,779) | | | (14,797) | | Income tax benefit (expense) | | 5 | | | (182) | | | (23) | | | (433) | | Net (loss) income | | $ | (498) | | | $ | 308 | | | $ | (31,802) | | | $ | (15,230) | |
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| Schedule of Long-Lived Assets by Geographical Areas |
The Company’s long-lived tangible assets, as well as the Company’s operating lease right-of-use assets recognized on the Condensed Consolidated Balance Sheets were located as follows: | | | | | | | | | | | | | | | dollars in thousands | | As of June 30, 2026 | | As of December 31, 2025 | United States | | $ | 202,135 | | | $ | 198,301 | | Spain | | 50,171 | | | 51,928 | |
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