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Lease Rental Revenues and Flight Equipment Held for Lease (Tables)
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6 Months Ended |
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Jun. 30, 2012
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| Leases [Abstract] |
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| Annual future minimum lease rentals receivable |
Minimum future annual lease rentals contracted to be received under our existing operating leases of flight equipment at June 30, 2012 were as follows: | | | | | Year Ending December 31, | Amount | Remainder of 2012 | $ | 315,721 |
| 2013 | 574,698 |
| 2014 | 477,727 |
| 2015 | 419,535 |
| 2016 | 360,598 |
| 2017 | 247,181 |
| Thereafter | 477,737 |
| Total | $ | 2,873,197 |
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| Geographic concentration of lease rental revenue earnings |
Geographic concentration of lease rental revenue earned from flight equipment held for lease was as follows: | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Region | 2011 | | 2012 | | 2011 | | 2012 | Europe | 45 | % | | 40 | % | | 46 | % | | 41 | % | Asia and Pacific | 23 | % | | 30 | % | | 23 | % | | 29 | % | North America | 13 | % | | 12 | % | | 13 | % | | 12 | % | Latin America | 9 | % | | 7 | % | | 9 | % | | 7 | % | Middle East and Africa | 10 | % | | 11 | % | | 9 | % | | 11 | % | Total | 100 | % | | 100 | % | | 100 | % | | 100 | % |
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| Revenue attributable to individual countries |
The following table sets forth revenue attributable to individual countries representing at least 10% of total revenue (including maintenance revenue) based on each lessee’s principal place of business: | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2011 | | 2012 | Country | Revenue | | Percent of Total Revenue | | Number of Lessees | | Revenue | | Percent of Total Revenue | | Number of Lessees | United States (1) | $ | 16,683 |
| | 11 | % | | 4 |
| | $ | — |
| | — | % | | — |
| China | 16,128 |
| | 11 | % | | 4 |
| | 18,638 |
| | 11 | % | | 4 |
| Russia (2) | — |
| | — | % | | — |
| | 17,376 |
| | 10 | % | | 8 |
| Denmark (2) | — |
| | — | % | | — |
| | 16,523 |
| | 10 | % | | 2 |
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(1) Total revenue attributable to the United States was less then 10% for the three months ended June 30, 2012. (2) Total revenue attributable to Russia and Denmark were less than 10% for the three months ended June 30, 2011. Total revenue attributable to Denmark for the three months ended June 30, 2012 includes $7,656 of maintenance revenue.
| | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2011 | | 2012 | Country | Revenue | | Percent of Total Revenue | | Number of Lessees | | Revenue | | Percent of Total Revenue | | Number of Lessees | United States | $ | 33,418 |
| | 11 | % | | 4 |
| | $ | 43,681 |
| | 13 | % | | 6 |
| China | 32,401 |
| | 11 | % | | 5 |
| | 36,857 |
| | 11 | % | | 4 |
| Russia(1) | — |
| | — | % | | — |
| | 32,807 |
| | 10 | % | | 8 |
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(1) Total revenue attributable to Russia was less than 10% for the three months ended June 30, 2011.
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| Geographic concentration of net book value of flight equipment held for lease |
Geographic concentration of net book value of flight equipment (includes net book value of flight equipment held for lease and net investment in finance leases) was as follows: | | | | | | | | | | | | | | December 31, 2011 | | June 30, 2012 | Region | Number of Aircraft | | Net Book Value % | | Number of Aircraft | | Net Book Value % | Europe | 66 |
| | 41 | % | | 69 |
| | 38 | % | Asia and Pacific | 39 |
| | 28 | % | | 45 |
| | 31 | % | North America | 16 |
| | 9 | % | | 18 |
| | 10 | % | Latin America | 10 |
| | 6 | % | | 11 |
| | 6 | % | Middle East and Africa | 9 |
| | 15 | % | | 8 |
| | 13 | % | Off-lease | 4 |
| (1) | 1 | % | | 4 |
| (2) | 2 | % | Total | 144 |
| | 100 | % | | 155 |
| | 100 | % |
| | (1) | Includes two Boeing Model 747-400 aircraft being converted from passenger to freighter configuration, one of these aircraft was delivered to a customer in North America in January 2012 and the other was delivered to a customer in North America in April 2012; one Airbus Model A320-200 aircraft which was delivered to a customer in Europe in March, 2012, and one Boeing Model 737-400 aircraft which was sold in January 2012. |
| | (2) | Includes one Boeing Model 747-400 passenger aircraft which we have begun parting-out, one Boeing Model 737-700 aircraft which was delivered to a customer in Europe in July, 2012, one Airbus Model A330-200 aircraft which was delivered to a customer in North America in July, 2012 and one Boeing Model 767-300ER aircraft that we delivered to a customer in Asia in July 2012. |
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| Net book value of flight equipment attributable to individual countries |
The following table sets forth net book value of flight equipment (includes net book value of flight equipment held for lease and net investment in finance leases) attributable to individual countries representing at least 10% of net book value of flight equipment based on each lessee’s principal place of business as of: | | | | | | | | | | | | | | | | | | | | | | December 31, 2011 | | June 30, 2012 | Country | Net Book Value | | Net Book Value % | | Number of Lessees | | Net Book Value | | Net Book Value % | | Number of Lessees | China | $ | 526,008 |
| | 12 | % | | 4 |
| | $ | 528,251 |
| | 11 | % | | 4 |
| Russia(1) | 453,695 |
| | 10 | % | | 8 |
| | — |
| | — | % | | 8 |
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(1) The net book value of flight equipment attributable to Russia was less than 10% as of June 30, 2012.
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