Frontier Airlines 2006 Annual Report Download - page 99

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Thereafter 580,602 57,481 638,083
Total $ 1,089,082 $ 104,303 $ 1,193,385
The Company has reached an agreement with US Airways to acquire and operate an additional 30 ERJ-175 regional jets. As
of December 31, 2006, the Company had firm orders to purchase 38 ERJ-170/175 regional jets all of which are currently allocated to
code-share agreements. The current total list price of the 38 regional jets is $1,140,000. The Company has commitments to obtain
financing for all of these aircraft. During the year ended December 31, 2006, the Company made aircraft deposits in accordance with
the aircraft commitments of $67,600. Aircraft deposits are included in intangible and other assets. The Company also has a
commitment to acquire seven spare aircraft engines with a current list price of approximately $30,500. These commitments are subject
to customary closing conditions.
In July 2006, the Company announced that it had reached an agreement to operate forty-four 50-seat regional jets for
Continental. Twenty of the aircraft are ERJ-145 regional jets that will transition from the Company’s US Airways operations. The
Company has firm commitments to lease 24 CRJ-200 regional jets with lease terms from 24 to 36 months. As of December 31, 2006,
the Company had taken delivery of 4 CRJ-200 regional jets. All 44 of the aircraft are expected to be placed into service for
Continental between January and August 2007 and will be operated for terms that vary from two years to five years. Under certain
conditions Continental may extend the term on the aircraft up to five additional years.
In January 2007, the Company and Frontier entered into an agreement, whereby Republic will operate for Frontier seventeen,
76-seat Embraer 170 regional jets. Four of the seventeen regional jets are currently in the Republic fleet but not allocated to a
code-share partner and the remaining 13 aircraft will be funded by delivery positions available from Embraer.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠