Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Investment in finance and sales-type leases, net

v3.21.2
Investment in finance and sales-type leases, net
6 Months Ended
Jun. 30, 2021
Flight Equipment, Net [Abstract]  
Investment in finance and sales-type leases, net Investment in finance and sales-type leases, net
Components of investment in finance and sales-type leases, net as of June 30, 2021 and December 31, 2020 were as follows:
June 30, 2021 December 31, 2020
Future minimum lease payments to be received
$ 560,235  $ 608,950 
Estimated residual values of leased flight equipment
574,383  589,872 
Less: Unearned income
(219,277) (260,708)
Allowance for credit losses (Note 18) (56,188) (59,663)
$ 859,153  $ 878,451 
During the three months ended June 30, 2021 and 2020, we recognized interest income from investment in finance and sales-type leases, net of $12.5 million and $13.6 million, respectively, included in basic lease rents. During the six months ended June 30, 2021 and 2020, we recognized interest income from net investment in finance and sales-type leases of $24.7 million and $27.3 million, respectively, included in basic lease rents.