Air Canada 2008 Annual Report Download - page 131

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Consolidated Financial Statements and Notes
131
The following is a maturity analysis, based on contractual undiscounted cash flows, for selected financial liabilities. The
analysis includes both the principal and interest component of the payment obligations on long-term debt and is based on
interest rates and the applicable foreign exchange rate effective as at December 31, 2008.
2009 2010 2011 2012 2013 Thereafter Total
Long-term debt obligations $ 655 $ 386 $ 392 $ 395 $ 431 $ 2,022 $ 4,281
Debt consolidated under AcG-15 126 183 406 110 53 381 1,259
Capital lease obligations 194 189 181 232 168 579 1,543
Accounts payable and
accrued liabilities 1,440 - - - - - 1,440
Fuel derivatives 420 - - - - - 420
$ 2,835 $ 758 $ 979 $ 737 $ 652 $ 2,982 $ 8,943
Minimum Committed Purchase of Aeroplan Miles
The Commercial Agreement between the Corporation and Aeroplan outlines a requirement for the Corporation to purchase
a minimum number of Aeroplan Miles from Aeroplan. The estimated minimum requirement for 2009 is $208. The annual
commitment is based on 85% of the average total Miles actually issued in respect of Air Canada flights or Air Canada
airline affiliate products and services in the three preceding calendar years. It is not possible to determine the minimum
commitment beyond 2009; however the commitment is not expected to change significantly from the 2009 amount.
During 2008, the Corporation purchased $248 from Aeroplan.