The Company closed the quarter with an operational fleet of 140 Boeing 737-700 and 800 NG with an average age of 7.2 years, and a total fleet of 149 aircraft.
* Non-operational aircraft.
In 3Q13, the Company took delivery of six aircraft under operating lease contracts and returned one aircraft under an operating lease contract. In the first nine months, the Company also sub-leased five aircraft to Transavia Airlines, permitting greater seat supply flexibility, in line with the seasonality of the Brazilian and European markets. In the first half, the Company returned nine Webjet aircraft and negotiations are under way for the sale of the 10 remaining B737-300s by the end of 2013.
The Company currently has eight B737-300s, five of these in the process of sale negotiations and the other three to be returned to the lessors by the end of the current year. In the first nine months of 2013, GOL returned 10 of these aircraft, one of which in September.
The Company leases its fleet through a combination of finance and operating leases. Out of the total of 141* aircraft, excluding Webjet’s, 95 were under operating leases and 46 were under finance leases. Of the 46 under finance leases, 40 have a purchase option when their leasing contracts terminate.
On September 30, 2013, the Company had 140 firm aircraft acquisition orders with Boeing, totaling around R$34.4 billion, excluding contractual discounts.
|Aicrafts Commitments (R$MM)||2013||2014||2015||2016||>2016||Total|
* Considers the list price of the aircraft
Also on September 30, 2013, of the commitments mentioned above, the Company had obligations of R$4.6 billion in pre-delivery payments, which will be disbursed as per the table below:
|Pre-Delivery Deposits (R$MM)||2013||2014||2015||2016||>2016||Total|
The portion financed through long-term loans by U.S. Exim Bank with aircraft guarantees accounted for around 85% of the total aircraft cost. Other agents finance the acquisitions with equal or higher percentages, reaching up to 100%.
The Company has been paying for the 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 the Period||2013||2014||2015||2016|
|Boeing 737-700/800 NG||136||137||140||140|