Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Investments

v3.19.3.a.u2
Investments
12 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Investments Investments
Investments accounted for under the equity method of accounting consisted of the following as of December 31, 2019 and 2018:
 
% Ownership as of December 31, 2019
 
As of December 31,
 
 
2019
 
2018
AerDragon
16.7
 
$
68,673

 
$
65,920

AerLift
39.3
 
35,188

 
47,644

ACSAL
19.4
 
16,118

 
15,248

 
 
 
$
119,979

 
$
128,812


Our share of undistributed earnings of investments in which our ownership interest is less than 50% was $39.4 million and $48.2 million as of December 31, 2019 and 2018, respectively. We also have an investment in Peregrine of $3.3 million as of December 31, 2019 and 2018, which is accounted for in accordance with the cost method of accounting. Please refer to Note 25Variable interest entities for further details.