Operational Fleet and Fleet Plan
|Fleet (End of Period)||2Q14||2Q13||Var.||1Q14||Var.|
|Boeing 737-NG Family||146||135||11||147||-1|
* Non-operational aircraft
**Includes 5 aircraft being returned and 8 sub-leased aircraft
The Company ended the quarter with an operational fleet of 133 B737-700 NG and B737-800 NG aircraft, due to the sub-leasing of 8 aircraft to European airlines. The other 5 aircraft were in the process of being returned to their lessors, giving a total fleet of 146, as shown in the above table. The average age of the fleet is 7.1 years.
Of the 46 aircraft under finance leases, 40 have a purchase option when their leasing contracts expire. In 2Q14, the Company took delivery of 3 aircraft under operating lease contracts, and returned another 4 under operating lease, as well as 4 aircraft from Webjet’s fleet. On June 30, 2014, the Company had 130 firm aircraft acquisition orders with Boeing.
The portion financed through long-term loans with the U.S. Ex-Im Bank corresponds to 85% of the total aircraft cost. Other agents finance acquisitions with similar or higher rates, sometimes reaching 100%. The Company pays for its aircraft acquisitions with its own resources, loans, cash flow from operations, short and long-term credit lines and financing by the supplier.
|Fleet Plan (End of Period)||2014||2015||2016||>2016||Total|
|Aircraft Commitments (R$ million)*||-||1,098||1,149||30,459||32,705|
|Pre-Delivery Payments (R$ million)||88||240||128||4,021||4,476|
|Total (R$ million)||88||1,338||1,276||34,479||37,181|
* Considers aircraft list price