Annual report [Section 13 and 15(d), not S-K Item 405]

BASIS OF PRESENTATION, CONSOLIDATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.4
BASIS OF PRESENTATION, CONSOLIDATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Allowance For Doubtful Accounts
The provision for credit losses for the periods reflected below were as follows (in thousands):
  December 31,
2025 2024
Balance – beginning of period $ 42  $ 77 
Additional allowances 134  141 
Write-offs and collections —  (165)
Foreign currency effects 5  (11)
Balance – end of period $ 181  $ 42 
Schedule of Allowance For Inventory
As of December 31, 2025 and 2024, the inventory allowances for the periods reflected below were as follows (in thousands):
  December 31,
2025 2024
Balance – beginning of period $ 3,443  $ 2,955 
Additional allowances 845  725 
Foreign currency effects 229  (237)
Balance – end of period $ 4,517  $ 3,443 
Schedule of Estimated Useful Life
As of December 31, 2025, the estimated useful life (in years) of the Company’s categories of new property and equipment was as follows:
Aircraft (estimated salvage value at 10%-25% of cost)
 30
Aircraft accessories and spares
5 - 7
Buildings (estimated salvage value at 10% of cost)
 30
Leasehold improvements
lesser of lease term or 10
Other property and equipment
3-15
The following table presents details on the major classes of property and equipment as of (in thousands):
December 31,
2025 2024
Aircraft $ 1,037,119  $ 821,985 
Land and buildings 190,021  173,828 
Other property and equipment 122,829  109,708 
Construction-in-progress 144,587  244,181 
Property and equipment, at cost $ 1,494,556  $ 1,349,702 
Less: accumulated depreciation (341,888) (273,481)
Property and equipment, net $ 1,152,668  $ 1,076,221