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

Investments

v3.6.0.2
Investments
12 Months Ended
Dec. 31, 2016
Investments [Abstract]  
Investments

12. Investments

Investments consisted of the following as of December 31, 2016 and 2015:





 

 

 

 

 

 

 



 

 

As of December 31,



Ownership as of  December 31, 2016

(%)

 

2016

 

2015

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

17

 

$

60,124 

 

$

55,430 

Equity investment in unconsolidated joint venture (AerLift)

39

 

 

45,087 

 

 

47,352 

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

19

 

 

13,566 

 

 

11,923 

Other investments at cost

NA

 

 

 

 



 

 

$

118,783 

 

$

114,711 



                   



(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 $38.4 million and $34.4 million as of December 31, 2016 and 2015, respectively.  Our equity investments in our unconsolidated joint ventures, AerDragon, AerLift and ACSAL, are accounted for under the equity method.