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

Maintenance Rights Intangible And Lease Premium, Net (Tables)

v3.6.0.2
Maintenance Rights Intangible And Lease Premium, Net (Tables)
12 Months Ended
Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]  
Schedule Of Movements In Maintenance Rights Intangible

Movements in maintenance rights intangible during the years ended December 31, 2016 and 2015 were as follows:





 

 

 

 

 



Year Ended December 31,



2016

 

2015

Maintenance rights intangible at beginning of period

$

3,068,318 

 

$

3,812,259 

EOL and MR contract maintenance rights expense

 

(381,637)

 

 

(348,366)

MR contract maintenance rights write off due to maintenance liability release

 

(173,971)

 

 

(161,839)

EOL contract maintenance rights write off due to cash receipt

 

(96,503)

 

 

(118,438)

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

 

(284,411)

 

 

(115,298)

Transfer to other assets

 

(17,162)

 

 

 —

Additions due to aircraft acquisitions

 

2,400 

 

 

 —

Maintenance rights intangible at end of period

$

2,117,034 

 

$

3,068,318 



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, 2016 and 2015:







 

 

 

 

 



As of December 31,



2016

 

2015

Maintenance rights intangible

$

2,117,034 

 

$

3,068,318 

Lease premium, net

 

50,891 

 

 

70,727 



$

2,167,925 

 

$

3,139,045 



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, 2016 and 2015:





 

 

 

 

 

 

 

 



As of December 31, 2016



Gross carrying amount

 

Accumulated
amortization

 

Net carrying amount

Lease premium

$

94,959 

 

$

(44,068)

 

$

50,891 



 

 

 

 

 

 

 

 



As of December 31, 2015



Gross carrying amount

 

Accumulated
amortization

 

Net carrying amount

Lease premium

$

107,140 

 

$

(36,413)

 

$

70,727 



Schedule Of Future Amortization Of The Intangible Assets

As of December 31, 2016,  the estimated future amortization expense for lease premium was as follows:







 

 



Estimated amortization expense

2017

$

13,633 

2018

 

11,219 

2019

 

10,466 

2020

 

7,727 

2021

 

5,394 

Thereafter

 

2,452 



$

50,891