Westjet 2006 Annual Report Download - page 49

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472006 | WestJet Annual Report
The Corporation has certain operating leases primarily related to aircraft that are denominated in US dollars.
The US-dollar amounts of these operating leases, which have been included at their Canadian-dollar equivalent
above, are as follows:
2007 $ 76,430
2008 92,673
2009 114,343
2010 119,154
2011 119,067
2012 and thereafter 500,035
$ 1,021,702
Capital leases Operating leases
2007 $ 444 $ 102,375
2008 444 118,338
2009 444 137,906
2010 698 141,627
2011 38 139,453
2012 and thereafter — 598,092
Total lease payments 2,068 $ 1,237,791
Less weighted average imputed interest at 5.29% (229)
Net minimum lease payments 1,839
Less current portion of obligations under capital lease (356)
Obligations under capital lease $ 1,483
6. Leases:
The Corporation has entered into operating leases and agreements for aircraft, buildings, computer hardware and
software licenses and satellite programming, as well as capital leases relating to ground handling equipment.
The obligations are as follows (see note 10 for additional commitments):
The Corporation has committed to lease an additional 11 737-700 aircraft and two 737-800 aircraft to be delivered
between 2007 and 2009, for terms ranging between eight and 10 years, in US dollars. These amounts have been
included at their Canadian- and US-dollar equivalents in the above tables.