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

Accrued Maintenance Liability

v3.3.1.900
Accrued Maintenance Liability
12 Months Ended
Dec. 31, 2015
Accrued Maintenance Liability [Abstract]  
Accrued Maintenance Liability

14. Accrued maintenance liability

Movements in accrued maintenance liability during the years ended December 31, 2015 and 2014 were as follows:

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2015

 

2014

Accrued maintenance liability at beginning of period

$

3,194,365 

 

$

466,293 

ILFC Transaction

 

 —

 

 

2,575,118 

GFL Transaction

 

 —

 

 

(88,523)

Maintenance payments received

 

776,488 

 

 

561,558 

Maintenance payments returned

 

(558,477)

 

 

(286,041)

Release to income upon redelivery

 

(243,809)

 

 

(92,296)

Release to income upon sale

 

(49,077)

 

 

 —

Lessor contribution and top ups

 

18,403 

 

 

5,570 

Interest accretion

 

47,901 

 

 

52,686 

Accrued maintenance liability at end of period

$

3,185,794 

 

$

3,194,365