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

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

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BASIS OF PRESENTATION, AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
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,
2024 2023
Balance – beginning of period $ 77  $ 1,847 
Additional allowances 141  — 
Write-offs and collections (165) (1,774)
Foreign currency effects (11) 4 
Balance – end of period $ 42  $ 77 
Schedule Of Allowance For Inventory
As of December 31, 2024 and 2023, the inventory allowances for the periods reflected below were as follows (in thousands):
  December 31,
2024 2023
Balance – beginning of period $ 2,955  $ 2,536 
Additional allowances 725  386 
Foreign currency effects (237) 33 
Balance – end of period $ 3,443  $ 2,955 
Schedule Of Estimated Useful Life
As of December 31, 2024, 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,
2024 2023
Aircraft $ 821,985  $ 779,945 
Land and buildings 173,828  175,266 
Other property and equipment 109,708  105,342 
Construction-in-progress 244,181  99,320 
Property and equipment, at cost $ 1,349,702  $ 1,159,873 
Less: accumulated depreciation (273,481) (232,107)
Property and equipment, net $ 1,076,221  $ 927,766