Frontier Airlines 2005 Annual Report Download - page 68

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2003, we made $39.1 million of debt payments primarily related to the Embraer regional jets, paid $5.4 million to redeem preferred
stock to an affiliate of WexAir LLC and paid $2.0 million in fees to obtain financing for the Embraer regional jets
We currently anticipate that our available cash resources, cash generated from operations and anticipated third party funding
arrangements will be sufficient to meet our anticipated working capital and capital expenditure requirements for at least the next 12
months.
Aircraft Leases and Other Off-Balance Sheet Arrangements
We have significant obligations for aircraft and engines that are classified as operating leases and, therefore, are not reflected
as liabilities on our balance sheet. These leases expire between 2006 and 2022. As of December 31, 2005, our total mandatory
payments under operating leases aggregated approximately $883.6 million and total minimum annual aircraft rental payments for the
next 12 months under all non-cancelable operating leases is approximately $83.2 million. Other non-cancelable operating leases
consist of engines, terminal space, operating facilities, office space and office equipment. The leases expire through 2016 As of
December 31, 2005, our total mandatory payments under other non-cancelable operating leases aggregated approximately
$68.6 million. Total minimum annual other rental payments for the next 12 months are approximately $7.3 million.
Under the US Airways Aircraft Agreement, we will assume the leases of 15 ERJ-170 aircraft, which will be operated by
Republic Airline. The transfer is expected to be completed by September 2006. In connection with the assumption of the leases of the
additional aircraft, we will assume approximately $350 million in lease obligations. The transfer of all 15 aircraft is expected to be
completed by September 2006.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠