Frontier Airlines 2005 Annual Report Download - page 47

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ITEM 1B. UNRESOLVED STAFF COMMENTS
Not Applicable
ITEM 2. PROPERTIES
Flight Equipment
As of December 31, 2005, we operated 142 Embraer regional jets as described in the following table:
Type
Total
Aircraft
Owned
Leased
Average
Age
(in years)
Firm
Orders
Option
Aircraft
Seats in
Standard
Configuration
ERJ-135LR (1) 17 15 2 2.5 — 37
ERJ-140LR 15 11 4 3.8 — 44
ERJ-145LR (2) 63 22 41 3.8 — 50
ERJ-170LR (3) 47 42 5 0.6 11 35 70
Total 142 90 52 11 35
(1) Two of these aircraft are used for charter service.
(2) Two of these aircraft are used for charter service and as spares.
(3) Ten of the ERJ-170 aircraft are configured with 72 seats
In addition to the aircraft listed above, we sub-leased five ERJ-145 Aircraft to an airline in Mexico and three ERJ-170 aircraft to US
Airways for use in their operations.
We have the option to acquire 35 ERJ-170 regional jets. We may convert some or all of our 35 options for ERJ-170 regional
jets into options for ERJ-175s, ERJ-190s or ERJ-195s.
All of our leased regional jet aircraft are leased by us pursuant to long-term leases, with current lease expirations ranging
from 2009 to 2020. We also hold fixed-price purchase options under these leases at approximately 14.0 to 14.5 years after these leases
commenced. Furthermore, we have options to renew most of the leases for an additional three years, or purchase outright the leased
aircraft at the conclusion of their current lease terms at fair market value.
-27-
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠