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

Net investment in finance and sales-type leases (Tables)

v3.8.0.1
Net investment in finance and sales-type leases (Tables)
12 Months Ended
Dec. 31, 2017
Flight Equipment, Net [Abstract]  
Schedule of components of net investment in finance and sales-type leases
Components of net investment in finance and sales-type leases as of December 31, 2017 and 2016 were as follows:
 
As of December 31,
 
 
2017
 
2016
 
Future minimum lease payments to be received
$
865,456

 
$
708,934

 
Estimated residual values of leased flight equipment (unguaranteed)
498,894

 
321,739

 
Less: Unearned income
(368,661
)
 
(274,791
)
 
 
$
995,689

 
$
755,882

 
Less: Allowance for credit losses

 

(a)
 
$
995,689

 
$
755,882

 
 
(a)
During the year ended December 31, 2016, we recognized a direct write-off for credit losses on four finance leases of $11.1 million, which was recorded in leasing expenses in our Consolidated Income Statement.
Schedule of future minimum lease payments to be received on finance and sales-type leases
Net investment in finance and sales-type leases
Components of net investment in finance and sales-type leases as of December 31, 2017 and 2016 were as follows:
 
As of December 31,
 
 
2017
 
2016
 
Future minimum lease payments to be received
$
865,456

 
$
708,934

 
Estimated residual values of leased flight equipment (unguaranteed)
498,894

 
321,739

 
Less: Unearned income
(368,661
)
 
(274,791
)
 
 
$
995,689

 
$
755,882

 
Less: Allowance for credit losses

 

(a)
 
$
995,689

 
$
755,882

 
 
(a)
During the year ended December 31, 2016, we recognized a direct write-off for credit losses on four finance leases of $11.1 million, which was recorded in leasing expenses in our Consolidated Income Statement.

As of December 31, 2017, future minimum lease payments to be received on finance and sales-type leases were as follows:
 
Future minimum
lease payments to
be received
2018
$
151,644

2019
137,789

2020
117,149

2021
103,243

2022
82,958

Thereafter
272,673

 
$
865,456