JetBlue Airlines 2006 Annual Report Download - page 29

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ITEM 2. PROPERTIES
Aircraft
As of December 31, 2006, we operated a fleet consisting of 96 Airbus A320 aircraft powered by
two IAE International Aero Engines V2527-A5 engines and 23 EMBRAER 190 aircraft powered by
two General Electric Engines CF-34-10 engines, as follows:
Aircraft
Seating
Capacity Owned
Capital
Leased
Operating
Leased Total
Average Age
in Years
Airbus A320................... 156(1) 69 2 25 96 3.1
EMBRAER 190 ............... 100 1 — 22 23 0.7
Totals....................... 70 2 47 119 2.6
(1) We have completed the modification to remove one row of seats from our Airbus A320 aircraft,
reducing seating capacity to 150 seats.
Our aircraft leases have an average remaining initial lease term of approximately 14 years at
December 31, 2006. The earliest of these terms ends in 2009 and the latest ends in 2024. We have the
option to extend most of these leases for additional periods or to purchase the aircraft at the end of
the lease term. All 70 of our owned aircraft and our 15 owned spare engines are subject to secured
debt financing.
As of December 31, 2006, we had on order 160 aircraft, which are scheduled for delivery through
2014 on a relatively even basis during each year, with options to acquire 148 aircraft as follows:
Firm Option
End of Year
Cumulative
Total Fleet(2)Year
Airbus
A320
EMBRAER
190
End of Year
Cumulative
Total Fleet(1)
Airbus
A320
EMBRAER
190
2007 12 10 141 — — 141
2008 12 10 163 — 5 168
2009 16 10 189 4 8 206
2010 18 10 217 4 9 247
2011 18 10 245 6 11 292
2012 6 11 262 16 12 337
2013 — 11 273 18 14 380
2014 — 6 279 — 21 407
2015 — — 279 — 20 427
82 78 48 100
(1) The total fleet included in the table above may decrease as we consider additional aircraft sales,
assignments and/or leases.
(2) Assumes all options are exercised.
Facilities
We occupy all of our facilities at each of the airports we serve under leases or other occupancy
agreements. Our agreements for terminal passenger service facilities, which include ticket counter and
gate space, operations support area and baggage service offices, generally have terms ranging from
less than one year to five years, and contain provisions for periodic adjustments of rental rates. We
also are responsible for maintenance, insurance, utilities and certain other facility-related expenses and
services. We have entered into use arrangements at each of the airports we serve that provide for the
non-exclusive use of runways, taxiways and other airport facilities. Landing fees under these
agreements are typically based on the number of landings and the weight of the aircraft.
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