Frontier Airlines 2008 Annual Report Download - page 34

ITEM 2. PROPERTIES
Flight Equipment
As of December 31, 2008, we operated 221 aircraft as described in the following table:
Type
Total
Aircraft Owned Leased
Average Age
(in years)
Firm
Orders
Option
Aircraft
Seats in
Standard
Configuration
E140LR 15 11 4 6.8 44
E145LR (1) 62 27 35 6.8 50
E170/175LR (2) 127 104 23 2.3 3 54 70-86
CRJ-200 17 0 17 7.3 50
Total 221 142 79 3 54
(1) Two of these aircraft are used for charter service and as spares.
(2) Two of these aircraft are unallocated, two of these aircraft are scheduled to go into service for Mokulele in 2009, and two aircraft
were placed into service with United in January 2009.
In addition to the aircraft listed above, we subleased six E145 aircraft to a foreign airline, we have nine E135 aircraft
classified as held-for-sale, and we have six CRJ-200 aircraft that will be returned to the lessor.
We have firm orders to acquire three E175 aircraft.
All of our leased aircraft are leased by us pursuant to operating leases, with current lease expirations ranging from 2009 to
2023. We have fixed-price purchase options under most of these leases after nine to 14 years of the lease term. Furthermore, we have
options to renew most of the leases for an additional three to four years, or purchase the leased aircraft at the conclusion of their
current lease terms at fair market value.
The following table outlines the number and type of aircraft being operated for each Partner as of December 31, 2008 and the
total number of aircraft that we are required to place in service for each Partner by December 31, 2009:
E175 E170 E145 E140 E135 CRJ-200 Total
2008 2009 2008
(1)
2009 2008
(1)
2009 2008 2009 2008
(2)
2009 2008 2009
(3)
2009
US Airways 38 38 20 20 9 9 67
American
(4) 15 13 13
Delta (5) 13 16 3 24 24 40
United (6) 33 38 7 38
Continental 20 20 17 7 27
Midwest 12 12 12
Mokulele
(7)
2 4 4
Total 51 54 70 74 60 53 15 13 − − 17 7 201
(1) December 31, 2008 aircraft count excludes six E170 and two E145 aircraft that are not currently being operated for any of our
Partners.
(2) In July 2008, we entered into an agreement with Delta to remove the final 11 E135 aircraft from our Delta operation effective
September 30, 2008. The aircraft were originally scheduled to be removed between November 2008 and April 2009.
(3) Under our Continental agreement, we expect all 24 CRJ-200 aircraft to be removed from service and returned to the lessor. We
removed seven aircraft in the fourth quarter of 2008, and we anticipate removing ten aircraft in 2009 and seven aircraft in 2010.
(4) In October 2008, the Company and American reached an agreement to amend its airline services agreement. A key term of this
agreement calls for the removal of two of the 15 E140 aircraft currently operating for American to be removed from service in June
2009.
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 16, 2009 Powered by Morningstar® Document Research℠