Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Restricted Cash

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Restricted Cash
12 Months Ended
Dec. 31, 2011
Restricted Cash [Abstract]  
Restricted Cash

3. Restricted cash

Restricted cash consists of the following at December 31:

    2010     2011  
Cash securing our obligations under ECA-guaranteed financings $ 36,703   $ 38,365  
Cash securing our obligations under ALS I debt   39,770     39,331  
Cash securing our obligations under ALS II debt   13,982     14,941  
Cash securing our obligations under UBS revolving credit facility debt   56,594     58,591  
Cash securing our obligations under Genesis Funding Limited ("GFL") securitization debt   18,526     24,564  
Cash securing our obligations under TUI portfolio acquisition facility debt   11,608     11,747  
Cash securing our obligations under other debt   47,745     54,742  
Cash securing our obligations under the LILO head leases (Note 15) and cash securing the            
guarantee of lease obligations/indebtedness of a LILO sublessee (Note 13)   6,837      
Cash securing our obligations under derivative instruments (Note 11)   (11,380 )   (7,170 )
Other   2,079     2,214  
  $ 222,464   $ 237,325  

 

     The cash securing our obligations under all our debt facilities is restricted and can only be used to pay for operating expenses incurred by the respective financing vehicle and to pay for interest and debt amortization of the respective debt. The majority of the restricted cash represents collections of these structures in the previous period, which will be paid as interest and debt amortization at the next payment date. The cash securing our rights and obligations under derivative instruments relates to interest rate caps and swaps for which we had to pay cash into restricted cash accounts for the benefit of our counterparties or for which we received cash into restricted cash accounts from our counterparties for our benefit.