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

Maintenance Rights Intangible And Lease Premium, Net (Tables)

v3.3.1.900
Maintenance Rights Intangible And Lease Premium, Net (Tables)
12 Months Ended
Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]  
Schedule Of Movements In Maintenance Rights Intangible

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

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2015

 

2014

Maintenance rights intangible, net at beginning of period

$

3,812,259 

 

$

 —

ILFC Transaction

 

 —

 

 

3,975,286 

EOL and MR contract maintenance rights expense

 

(348,366)

 

 

(54,507)

MR contract maintenance rights write off due to maintenance liability release

 

(161,839)

 

 

(48,729)

EOL contract maintenance rights write off due to cash receipt

 

(118,438)

 

 

(27,570)

EOL and MR contract intangible write off due to sale of aircraft

 

(115,298)

 

 

 —

Transfer to lease incentives

 

 —

 

 

(32,221)

Maintenance rights intangible, net at end of period

$

3,068,318 

 

$

3,812,259 

 

Maintenance Rights Intangible And Lease Premium, Net [Member]  
Finite-Lived Intangible Assets [Line Items]  
Schedule Of Maintenance Rights Intangible And Lease Premiums

Maintenance rights intangible and lease premium consisted of the following as of December 31, 2015 and 2014:

 

 

 

 

 

 

 

 

 

As of December 31,

 

2015

 

2014

Maintenance rights intangible

$

3,068,318 

 

$

3,812,259 

Lease premium

 

70,727 

 

 

93,767 

 

$

3,139,045 

 

$

3,906,026 

 

Lease Premium [Member]  
Finite-Lived Intangible Assets [Line Items]  
Schedule Of Maintenance Rights Intangible And Lease Premiums

The following tables present details of lease premium and related accumulated amortization as of December 31, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

 

Gross carrying amount

 

Accumulated
amortization

 

Net carrying amount

Lease premium

$

107,140 

 

$

(36,413)

 

$

70,727 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2014

 

Gross carrying amount

 

Accumulated
amortization

 

Net carrying amount

Lease premium

$

119,763 

 

$

(25,996)

 

$

93,767 

 

Schedule Of Future Amortization Of The Intangible Assets

As of December 31, 2015, the estimated future amortization expense for lease premium was as follows:

 

 

 

 

 

 

Estimated amortization expense

2016

$

19,835 

2017

 

13,632 

2018

 

11,219 

2019

 

10,466 

2020

 

7,727 

Thereafter

 

7,848 

 

$

70,727