Spirit Airlines 2011 Annual Report Download - page 40

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ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
Aircraft
The Company operated a total of 37 aircraft, all of which are under operating leases, as of December 31, 2011.
The following table details information on the 37 aircraft in the Company’s fleet as of December 31, 2011:
As of December 31, 2011, firm aircraft orders with Airbus consisted of 106 A320 family aircraft (61 of the existing aircraft model and 45
A320 NEOs). Aircraft are scheduled for delivery in the period of 2012 through 2021, as illustrated in the table below.
* Table reflects deliveries net of contractual lease returns. Actual fleet count may differ depending on future fleet decisions, including actual
lease retirements.
We also have a contractual purchase commitment for five spare V2500 IAE International Aero Engines AG engines scheduled for delivery
in from 2012 through 2018.
Ground 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 office, generally have a term ranging from month-to-month to 21 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 also have entered into use agreements at many 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.
We operate primarily out of the international terminal, Terminal 4, at FLL Airport, with occasional use of a gate in Terminal 3. We
currently use up to ten gates at Terminal 4. We have preferential access to seven of the Terminal 4 gates, common use access to the remaining
three Terminal 4 gates, and common use access to Terminal 3 gates. FLL Airport is planning a Terminal 4 concourse replacement and expansion
project, which would expand the number of gates at Terminal 4 to 14. This Terminal 4 concourse expansion would allow us to increase the
number of routes we serve from FLL Airport. While FLL Airport does not presently have a curfew on flight operations, the U.S. Customs and
Border Protection, or CBP, currently requires international flights to arrive after 5:00 a.m. and by 11:00 p.m. Accordingly, our flight planning for
incoming flights from international departure points that do not pre-screen U.S.-bound passengers must accommodate these hours of operation.
Take-off and landing slots are not regulated at FLL Airport.
34
Aircraft Type Seats Average Age (years) Number of Aircraft
A319 145 5.5 26
A320 178 1.0 9
A321 218 6.4 2
4.5 37
Number of Aircraft at Year-End *
Aircraft Type 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
A319 26 26 26 26 26 17 8 2
A320 16 23 30 40 50 63 68 68 68 68
A320 NEO 6 19 32 45
A321 2 2 2 2 2
Total Aircraft 44 51 58 68 78 80 82 89 100 113