JetBlue Airlines 2004 Annual Report Download - page 32

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ITEM 2. PROPERTIES
Aircraft
As of December 31, 2004, we operated a fleet consisting of 69 Airbus A320 aircraft, each powered
by two IAE International Aero Engines V2527-A5 engines, as follows:
Seating Operating Average Age
Aircraft Capacity Owned Leased Total in Years
Airbus A320 .................. 156 44 25 69 2.2
Our aircraft leases expire as follows: one in 2009, one in 2010, two in 2012, four in 2013, one in
2015, one in 2016, two in 2018, two in 2019, one in 2020, three in 2022 and seven in 2023. All 44
owned aircraft are subject to secured debt financing. We have taken delivery of two aircraft in 2005
with secured debt financing, one of which has begun scheduled service.
As of December 31, 2004, we had on order 114 Airbus A320 aircraft and 100 Embraer E190
aircraft with options to acquire 50 additional Airbus A320 aircraft and 100 additional Embraer E190
aircraft, which are scheduled for delivery through 2016 (on a relatively even basis during each year) as
follows:
Firm Option End of Year
Airbus Embraer Airbus Embraer Cumulative
Year A320 E190 Total A320 E190 Total Fleet
2005 15 7 22 — — 91
2006 17 18 35 — — 126
2007 17 18 35 — — 161
2008 17 18 35 2 — 198
2009 18 18 36 2 — 236
2010 18 18 36 2 — 274
2011 12 3 15 9 15 313
2012 — — — 20 18 351
2013 — — — 15 18 384
2014 — — — — 18 402
2015 — — — — 18 420
2016 — — — — 13 433
114 100 214 50 100
Facilities
We lease all of our facilities at each of the airports we serve. Our leases for our terminal passenger
service facilities, which include ticket counter and gate space, operations support area and baggage
service offices, generally have a term ranging from less than one year to five years, and contain
provisions for periodic adjustments of lease rates. We also are responsible for maintenance, insurance
and other facility-related expenses and services. We have entered into use agreements at each of the
airports we serve that provide for the non-exclusive use of runways, taxiways and other facilities.
Landing fees under these agreements are based on the number of landings and weight of the aircraft.
Our principal base of operations is Terminal 6 at JFK, which is operated under a lease with the
Port Authority of New York and New Jersey that expires in November 2006. In addition, discussions
are on-going with the Port Authority and the FAA regarding the construction of a new terminal at JFK.
If an agreement is reached, we plan to build a new terminal with occupancy currently projected in
mid-2008.
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