JetBlue Airlines 2012 Annual Report Download - page 23

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JETBLUE AIRWAYS CORPORATION-2012 10K 19
PART I
ITEM1BUnresolved Staff Comments
ITEM1B. Unresolved Staff Comments
None.
ITEM2. Properties
Aircraft
As of December31, 2012, we operated a fl eet consisting of 127 Airbus A320 aircraft each powered by two IAE International Aero Engines V2527-A5 engines
and 53 EMBRAER 190 aircraft each powered by two General Electric Engines CF 34-10 engines:
Aircraft Seating
Capacity Owned Capital
Leased Operating
Leased Total AverageAge
in Years
Airbus A320 150 93 4 30 127 7.4
EMBRAER 190 100 23 — 30 53 4.8
TOTALS 116 4 60 180 6.7
Our aircraft leases have an average remaining lease term of approximately
8.8 years at December31, 2012. The earliest of these terms ends in 2014
and the latest ends in 2026. We have the option to extend most of these
leases for additional periods or to purchase the aircraft at the end of the
related lease term. All but 11 of our 116 owned aircraft and all but nine
of our 38 owned spare engines are subject to secured debt fi nancing.
In July 2012, we amended our EMBRAER purchase agreement accelerating
the delivery of one aircraft to 2013, which was previously scheduled for
delivery in 2014. Additionally, we extended the date for which we may
elect not to further amend our purchase agreement to order a new
EMBRAER 190 variant, if developed, to July 31, 2013. If not elected, seven
EMBRAER 190 aircraft we previously deferred may either be returned to
their previously committed to delivery dates in 2013 and 2014 or canceled
and subject to cancellation fees. In December 2012, we further amended
our EMBRAER purchase agreement accelerating the delivery of four
aircraft from 2018 to 2013.
As of December31, 2012, we had on order 115 aircraft, which are scheduled for delivery through 2021. Our aircraft delivery schedule is:
Year
Firm
Airbus
A320 Airbus
A321 Airbus
A320neo EMBRAER
190 Total
2013 34—714
2014 — 9 — 1 10
2015 — 10 — 7 17
2016 37—818
2017 8—— 513
2018 — — 10 3 13
2019 — — 10 — 10
2020 — — 10 — 10
2021 — — 10 — 10
14 30 40 31 115