Investments in Other Companies	3 Months Ended
Mar. 31, 2026
Investments in Other Companies
Investments in Other Companies	(10) Investments in Other Companies Equity Method Investments During 2019, the Company created a joint venture with Regional One, Inc. (“Regional One”) and, as of March 31, 2026, has invested a total of $26.6 million for a 75% ownership interest in Aero Engines, LLC. (“Aero Engines”). The primary purpose of Aero Engines is to lease engines to third parties. Aero Engines requires unanimous approval from the Company and Regional One for all material transactions. Although the Company determined Aero Engines is a variable interest entity, Aero Engines has no primary beneficiary as no one party has power over Aero Engines. Accordingly, the Company accounts for its investment in Aero Engines under the equity method. The Company’s exposure in its investment in Aero Engines primarily consists of the Company’s portion of income or loss from Aero Engines’ engine lease agreements with third parties and the Company’s ownership percentage in Aero Engines’ engines book value. Aero Engines had no debt outstanding as of March 31, 2026. During 2025, the Company received a $12.0 million distribution from Aero Engines, which reduced the Company’s investment balance in Aero Engines. As of March 31, 2026 and December 31, 2025, the Company’s investment balance in Aero Engines was $13.4 million and $12.8 million, respectively, and was recorded in “Other Assets” on the Company’s consolidated balance sheet. The Company’s portion of income generated by Aero Engines for the three months ended March 31, 2026 and 2025, was $0.5 million and $0.6 million, respectively, which was recorded in “Other expense, net” on the Company’s consolidated statements of comprehensive income. In December 2023, the Company invested $9.9 million for a 9.9% ownership interest in Corporate Flight Management, Inc. d/b/a Contour Airlines (“Contour”), a 14 CFR Part 135 air carrier. In January 2024, the Company invested an additional $15.1 million in Contour. The Company had a 25% ownership interest in Contour at March 31, 2026 and held one of five seats, or 20%, on Contour’s board of directors. The Contour arrangement also includes an asset provisioning agreement under which the Company will provide CRJ airframes, engines and rotable parts to Contour. The Company accounts for its investment in Contour under the equity method where the investment is reported at cost and adjusted each period for the Company’s share of Contour’s income or loss, recorded on a one quarter lag. For the three months ended March 31, 2026 and 2025, the Company recorded income of $0.7 million and $0.9 million, respectively, related to its Contour investment, its portion of income generated by Contour, which was recorded in “Other expense, net” on the Company’s consolidated statements of comprehensive income. As of March 31, 2026 and December 31, 2025, the Company’s investment balance in Contour was $23.5 million and $22.8 million, respectively, and was recorded in “Other Assets” on the Company’s consolidated balance sheet. At March 31, 2026, the Company had $7.9 million in notes receivable from Contour related to the sale of aircraft under the asset provisioning agreement. The notes are secured by aircraft and collectible within three years. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Fair Value Method Investment In 2021, the Company entered into a strategic arrangement with Eve Holding, Inc. (“Eve”), to develop a network of deployment for Eve’s electric vertical takeoff and landing aircraft. As of March 31, 2026 and December 31, 2025, the Company held 1.1 million common shares of Eve. During the three months ended March 31, 2026, the Company recorded an unrealized loss of $1.6 million in “Other expense, net” on the Company’s consolidated statements of comprehensive income related to its investment in Eve. During the three months ended March 31, 2025, the Company recorded an unrealized loss of $3.2 million in “Other expense, net” on the Company’s consolidated statements of comprehensive income related to its investment in Eve. As of March 31, 2026 and December 31, 2025, the fair value of the Company’s investment in Eve was $2.6 million and $4.3 million, respectively, and was recorded in “Other Assets” on the Company’s consolidated balance sheet.

Investments in Other Companies

3 Months Ended

Mar. 31, 2026

(10) Investments in Other Companies

Equity Method Investments

During 2019, the Company created a joint venture with Regional One, Inc. (“Regional One”) and, as of March 31, 2026, has invested a total of $26.6 million for a 75% ownership interest in Aero Engines, LLC. (“Aero Engines”). The primary purpose of Aero Engines is to lease engines to third parties. Aero Engines requires unanimous approval from the Company and Regional One for all material transactions. Although the Company determined Aero Engines is a variable interest entity, Aero Engines has no primary beneficiary as no one party has power over Aero Engines. Accordingly, the Company accounts for its investment in Aero Engines under the equity method. The Company’s exposure in its investment in Aero Engines primarily consists of the Company’s portion of income or loss from Aero Engines’ engine lease agreements with third parties and the Company’s ownership percentage in Aero Engines’ engines book value. Aero Engines had no debt outstanding as of March 31, 2026. During 2025, the Company received a $12.0 million distribution from Aero Engines, which reduced the Company’s investment balance in Aero Engines. As of March 31, 2026 and December 31, 2025, the Company’s investment balance in Aero Engines was $13.4 million and $12.8 million, respectively, and was recorded in “Other Assets” on the Company’s consolidated balance sheet. The Company’s portion of income generated by Aero Engines for the three months ended March 31, 2026 and 2025, was $0.5 million and $0.6 million, respectively, which was recorded in “Other expense, net” on the Company’s consolidated statements of comprehensive income.

In December 2023, the Company invested $9.9 million for a 9.9% ownership interest in Corporate Flight Management, Inc. d/b/a Contour Airlines (“Contour”), a 14 CFR Part 135 air carrier. In January 2024, the Company invested an additional $15.1 million in Contour. The Company had a 25% ownership interest in Contour at March 31,

2026 and held one of five seats, or 20%, on Contour’s board of directors. The Contour arrangement also includes an asset provisioning agreement under which the Company will provide CRJ airframes, engines and rotable parts to Contour. The Company accounts for its investment in Contour under the equity method where the investment is reported at cost and adjusted each period for the Company’s share of Contour’s income or loss, recorded on a one quarter lag. For the three months ended March 31, 2026 and 2025, the Company recorded income of $0.7 million and $0.9 million, respectively, related to its Contour investment, its portion of income generated by Contour, which was recorded in “Other expense, net” on the Company’s consolidated statements of comprehensive income. As of March 31, 2026 and December 31, 2025, the Company’s investment balance in Contour was $23.5 million and $22.8 million, respectively, and was recorded in “Other Assets” on the Company’s consolidated balance sheet. At March 31, 2026, the Company had $7.9 million in notes receivable from Contour related to the sale of aircraft under the asset provisioning agreement. The notes are secured by aircraft and collectible within three years.

The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable.

Fair Value Method Investment

In 2021, the Company entered into a strategic arrangement with Eve Holding, Inc. (“Eve”), to develop a network of deployment for Eve’s electric vertical takeoff and landing aircraft. As of March 31, 2026 and December 31, 2025, the Company held 1.1 million common shares of Eve. During the three months ended March 31, 2026, the Company recorded an unrealized loss of $1.6 million in “Other expense, net” on the Company’s consolidated statements of comprehensive income related to its investment in Eve. During the three months ended March 31, 2025, the Company recorded an unrealized loss of $3.2 million in “Other expense, net” on the Company’s consolidated statements of comprehensive income related to its investment in Eve. As of March 31, 2026 and December 31, 2025, the fair value of the Company’s investment in Eve was $2.6 million and $4.3 million, respectively, and was recorded in “Other Assets” on the Company’s consolidated balance sheet.