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

Commitments and contingencies (Tables)

v3.8.0.1
Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of movements in prepayments on flight equipment
Movements in prepayments on flight equipment during the years ended December 31, 2017 and 2016 were as follows:
 
Year Ended December 31,
 
2017
 
2016
Prepayments on flight equipment at beginning of period
$
3,265,979

 
$
3,300,426

Prepayments made during the period
1,162,884

 
837,776

Interest paid and capitalized during the period
107,364

 
107,688

Prepayments and capitalized interest applied to the purchase of flight equipment
(1,605,924
)
 
(979,911
)
Prepayments on flight equipment at end of period
$
2,930,303

 
$
3,265,979

Schedule of unrecorded contractual commitments for purchase of fight equipment
The following table presents our contractual commitments for the purchase of flight equipment as of December 31, 2017:
 
2018
 
2019
 
2020
 
2021
 
2022
 
Thereafter
 
Total
Purchase obligations (a)
$
6,065,084

 
$
5,723,097

 
$
4,742,181

 
$
3,714,523

 
$
2,405,676

 
$
1,662,286

 
$
24,312,847

 
(a)
Includes commitments to purchase 426 aircraft and 12 purchase and leaseback transactions.
Schedule of minimum payments under lease agreements
We have operating lease agreements with third parties for office space, company cars and office equipment. As of December 31, 2017, minimum payments under the lease agreements for office space were as follows:
 
Future minimum
lease payments
2018
$
10,211

2019
7,692

2020
7,593

2021
7,670

2022
7,750

Thereafter
44,388

 
$
85,304