Frontier Airlines 2006 Annual Report Download - page 43

ITEM 2. PROPERTIES
Flight Equipment
As of December 31, 2006, we operated 171 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 3.5 — 37
ERJ-140LR 15 11 4 4.8 — 44
ERJ-145LR (2) 63 27 36 4.8 — 50
ERJ-170/175LR (3),(4) 76 56 20 1.2 38 79 70/86
Total 171 109 62 38 79
(1) Two of these aircraft are used for charter service and as spares.
(2) Two of these aircraft are used for charter service and as spares.
(3) Four of these aircraft were unassigned.
(4) Twenty-eight 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 leased four CRJ-200
50 seat regional jets that began operations in January 2007.
We have firm orders to acquire 38 ERJ-170/175 regional jets and expect to order five additional ERJ-170 regional jets to
fulfill our commitments to our code-share partners.
All of our leased regional jet aircraft are leased by us pursuant to long-term leases, with current lease expirations ranging
from 2009 to 2022. We also hold fixed-price purchase options under these leases at approximately 9.2 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.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠