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

Intangibles (Tables)

v3.19.3.a.u2
Intangibles (Tables)
12 Months Ended
Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]  
Schedule of movements in maintenance rights intangible
Movements in maintenance rights during the years ended December 31, 2019 and 2018 were as follows:
 
Year Ended December 31,
 
2019
 
2018
Maintenance rights at beginning of period
$
1,088,246

 
$
1,464,599

EOL and MR contract maintenance rights expense
(76,611
)
 
(157,792
)
MR contract maintenance rights write-off due to maintenance liability release
(19,848
)
 
(29,656
)
EOL contract maintenance rights write-off due to cash receipt
(148,289
)
 
(99,671
)
EOL and MR contract maintenance rights write-off due to sale of aircraft
(48,700
)
 
(89,234
)
Maintenance rights at end of period
$
794,798

 
$
1,088,246


Schedule of other intangibles
Other intangibles
Other intangibles consisted of the following as of December 31, 2019 and 2018:
 
As of December 31,
 
2019
 
2018
Goodwill
$
58,094

 
$
58,094

Customer relationships, net
240,765

 
261,941

Contractual vendor intangible assets
8,535

 
8,535

 
$
307,394

 
$
328,570


Maintenance Rights Intangible And Lease Premium, Net  
Finite-Lived Intangible Assets [Line Items]  
Schedule of maintenance rights and lease premiums
Maintenance rights and lease premium, net consisted of the following as of December 31, 2019 and 2018:
 
As of December 31,
 
2019
 
2018
Maintenance rights
$
794,798

 
$
1,088,246

Lease premium, net
14,817

 
24,944

 
$
809,615

 
$
1,113,190


Customer Relationships And Other Intangible Assets  
Finite-Lived Intangible Assets [Line Items]  
Schedule of maintenance rights and lease premiums
The following tables present details of customer relationships and related accumulated amortization as of December 31, 2019 and 2018:
 
As of December 31, 2019
 
Gross carrying
amount
 
Accumulated
amortization
 
Net carrying
amount
Customer relationships
$
360,000

 
$
(119,235
)
 
$
240,765

 
As of December 31, 2018
 
Gross carrying
amount
 
Accumulated
amortization
 
Net carrying
amount
Customer relationships
$
360,000

 
$
(98,059
)
 
$
261,941