United Airlines 2012 Annual Report Download - page 26

Table of Contents
United and Continental operated 354 and 348 mainline aircraft, respectively. The regional fleet is comprised of 275 aircraft at United and 276 at Continental.
In addition to the aircraft operating in scheduled service presented in the tables above, United and Continental own or lease the following aircraft listed below
as of December 31, 2012:
• Two owned Boeing 747-400, including one operating in charter service and one in storage;
• One owned Boeing 787-8, which has been inducted into scheduled service subsequent to December 31, 2012;
• One leased Boeing 767-200, which is being subleased to another airline;
• Three Airbus A330, which are subleased to another airline;
• Two leased Boeing 737-300 in storage;
• One leased Boeing 737-500, which has been returned to the lessor subsequent to December 31, 2012; and
• 23 leased ERJ-135 in storage.
Firm Order and Option Aircraft
As of December 31, 2012, UAL, United and Continental had firm commitments and options to purchase the following aircraft:
 UAL had firm commitments to purchase 100 new Boeing 737 MAX 9 aircraft scheduled for delivery from 2018 through
2022. UAL also had options to purchase an additional 100 Boeing 737 MAX 9 aircraft. UAL has the right, and intends in the future, to assign its interest
under the purchase agreement for the 737 MAX 9 aircraft with respect to one or more of the aircraft to either United or Continental.
 United had firm commitments to purchase 100 new aircraft (25 Boeing 787 aircraft, 50 Boeing 737-900ER aircraft and 25
Airbus A350XWB aircraft) scheduled for delivery from 2013 through 2020. United also had options and purchase rights for additional aircraft. In 2013,
United expects to take delivery of ten Boeing 737-900ER aircraft.
  Continental had firm commitments to purchase 47 new aircraft (23 Boeing 737 aircraft and 24 Boeing 787 aircraft)
scheduled for delivery from January 1, 2013 through 2016. Continental also had options to purchase 74 Boeing aircraft. In 2013, Continental expects to take
delivery of 14 Boeing 737-900ER aircraft and two Boeing 787-8 aircraft.
As of December 31, 2012, Continental had arranged for enhanced equipment trust certificate financing of 14 Boeing 737-900ER aircraft and one Boeing 787-8
aircraft scheduled for delivery from January through July 2013. In addition, United had secured backstop financing commitments from its widebody aircraft
and engine manufacturers for a limited number of its future aircraft deliveries, subject to certain customary conditions. However, UAL and United do not
have backstop financing or any other financing currently in place for their firm narrowbody aircraft orders with Boeing, and Continental does not have
backstop financing or any other financing currently in place for its other Boeing aircraft on order. Financing will be necessary to satisfy the Company’s
capital commitments for its firm order aircraft and other related capital expenditures. The Company can provide no assurance that any financing not already
in place for aircraft and spare engine deliveries will be available to the Company on acceptable terms when necessary or at all. See Notes 14 and 17 to the
financial statements included in Item 8 of this report for additional information.
As of December 31, 2012, United had 222 call options to purchase regional jet aircraft being operated by certain regional carriers. At December 31, 2012, none
of the call options was exercisable because none of the required conditions to make an option exercisable by United was met.
See Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Note 17 to the financial statements included in
Item 8 of this report for information related to future capital commitments to purchase these aircraft.
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