v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Property and Equipment Useful Lives Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets as follows:
Estimated Useful Life
Transportation equipment
5-20 years
Office furniture and equipment
3-10 years
Leasehold improvementsShorter of remaining lease term or useful life
Property and equipment, net consisted of the following:
December 31, 2024December 31, 2023
Transportation equipment$329,416 $311,584 
Office furniture and equipment3,216 3,131 
Leasehold improvements2,328 2,306 
Construction in progress236 147 
Deposits on transportation equipment14,165 23,923 
349,361 341,091 
Less: Accumulated depreciation(89,487)(87,115)
Property and equipment, net$259,874 $253,976 
Schedule of Aircraft Held for Sale The following table summarizes the Company's held for sale activity during year ended December 31, 2024:
Year Ended December 31, 2024
Aircraft held for sale as of December 31, 2023
$— 
Aircraft sold(27,327)
Aircraft reclassified to held for sale42,960 
Less: Impairment loss due to fair value adjustments3,762 
Aircraft held for sale as of December 31, 2024
$11,871