Frontier Airlines 2005 Annual Report Download - page 70

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is $0.6 million and is reduced every two years thereafter. We did not record a liability for this penalty provision because we did not
believe the contract would be terminated prior to the expiration date.
Total payments under these long-term maintenance agreements were $29.4 million, $40.0 and $53.6 million for the years
ended December 31, 2003, 2004 and 2005, respectively.
Our commercial commitments at December 31, 2005 include letters of credit totaling $7.5 million expiring within one year.
Cash payments for interest were approximately $67.5 million in 2005. Tax payments in 2005 were not significant and we are
not expecting significant payments in 2006.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠