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

Investments

v3.3.1.900
Investments
12 Months Ended
Dec. 31, 2015
Investments [Abstract]  
Investments

11. Investments

Investments consisted of the following as of December 31, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

Ownership as of December 31, 2015
(%)

 

2015

 

2014

Equity investment in unconsolidated joint venture (AerDragon) (a)

17

 

$

55,430 

 

$

51,450 

Equity investment in unconsolidated joint venture (AerLift)

39

 

 

47,352 

 

 

53,639 

Equity investment in unconsolidated joint venture (ACSAL) (a)

19

 

 

11,923 

 

 

10,459 

Other investments at cost

NA

 

 

 

 

 

 

 

$

114,711 

 

$

115,554 

 

                   

 

(a)

AerDragon and ACSAL are VIEs for which we are not the PB but do have significant influence. Therefore, they are accounted for under the equity method.

 

Our share of undistributed earnings of investments in which our ownership interest is less than 50% was $34.4 million and $35.2 million as of December 31, 2015 and 2014, respectively.  Our equity investments in our unconsolidated joint ventures, AerDragon, AerLift and ACSAL, are accounted for under the equity method.