Delta Airlines 2012 Annual Report Download - page 84

Operating Leases
At December 31, 2012 , we operated 109 aircraft under capital leases and 68 aircraft under operating leases. Our Contract Carriers operated 568
aircraft for us accounted for as operating leases.
NOTE 10 . COMMITMENTS AND CONTINGENCIES
Aircraft Purchase Commitments
Future aircraft purchase commitments at December 31, 2012 are estimated to total approximately $8.2 billion and include 100 B-737-900ER
aircraft, 18 B-787-8 aircraft, 56 CRJ-900 aircraft and four previously owned MD-90 aircraft. Our purchase commitment for 18 B-787-8 aircraft
provides for certain aircraft substitution rights. The following table shows the timing of these commitments:
During 2012, we entered into agreements with Bombardier Aerospace to purchase 40 CRJ-900 aircraft with deliveries in 2013 and 2014 , and
with Pinnacle Airlines, Inc. to purchase 16 CRJ-900 aircraft in 2013 . During 2011, we entered into an agreement with The Boeing Company to
purchase 100 B-737-900ER aircraft with deliveries beginning in 2013 and continuing through 2018 . We have obtained long-term financing
commitments for a substantial portion of the purchase price of the 40 CRJ-900 and 100 B-737-900ER aircraft.
Our aircraft purchase commitments do not include orders for five A319-100 aircraft and two A320-200 aircraft because we have the right to
cancel these orders.
Aircraft Lease Commitments
During 2012, we entered into agreements with Southwest Airlines and The Boeing Company to lease 88 B-717-200 aircraft with deliveries
beginning in 2013 and continuing through 2015 .
77
Years Ending December 31,
(in millions)
Delta Lease Payments
(1)
Contract Carrier
Aircraft Lease
Payments
(2)
Total
2013
$
1,005
$
502
$
1,507
2014
949
484
1,433
2015
859
473
1,332
2016
736
423
1,159
2017
627
373
1,000
Thereafter
6,414
1,001
7,415
Total minimum lease payments
$
10,590
$
3,256
$
13,846
(1)
Includes payments accounted for as construction obligations. See Note 5
.
(2)
Represents the minimum lease obligations under our Contract Carrier agreements with ExpressJet Airlines, Inc., Chautauqua Airlines, Inc. (“Chautauqua”), Pinnacle, Shuttle America
Corporation (“Shuttle America”) and SkyWest Airlines, Inc.
Years Ending December 31,
(in millions) Total
2013
$
1,000
2014
1,525
2015
815
2016
810
2017
760
Thereafter
3,240
Total
$
8,150