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

Flight Equipment Held For Operating Leases, Net (Tables)

v3.3.1.900
Flight Equipment Held For Operating Leases, Net (Tables)
12 Months Ended
Dec. 31, 2015
Net Investment In Finance And Sales-type Leases [Abstract]  
Movements In Flight Equipment Held For Operating Leases

Movements in flight equipment held for operating leases during the years ended December 31, 2015 and 2014 were as follows:

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2015

 

2014

Net book value at beginning of period

$

31,984,668 

 

$

8,085,947 

ILFC Transaction

 

 —

 

 

24,038,423 

GFL Transaction

 

 —

 

 

(726,985)

Additions

 

3,604,122 

 

 

2,314,908 

Depreciation

 

(1,803,125)

 

 

(1,253,325)

Impairment (Note 24)

 

(16,322)

 

 

(21,828)

AeroTurbine restructuring (Note 25)

 

(22,402)

 

 

 —

Disposals/Transfers to held for sale

 

(1,325,626)

 

 

(306,985)

Transfers to net investment in finance and sales-type leases/inventory

 

(201,821)

 

 

(145,487)

Net book value at end of period

$

32,219,494 

 

$

31,984,668 

Accumulated depreciation as of December 31, 2015 and 2014, respectively

$

(3,934,685)

 

$

(2,591,000)