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Cash and cash equivalents and restricted cash and cash equivalents
12 Months Ended
Dec. 31, 2023
Cash and Cash Equivalents [Abstract]  
Cash and cash equivalents and restricted cash and cash equivalents Cash and cash equivalents and restricted cash and cash equivalents
Cash and cash equivalents:
Cash and cash equivalents consist of the following:
As of December 31,
2023
As of December 31,
2022
Cash on hand$27 $65 
Bank deposits (1)
119,806 186,539 
Time deposits57,466 17,117 
Money market funds37,276 15,446 
Total cash and cash equivalents$214,575 $219,167 
(1)As of December 31, 2023, we maintain $9,319 as assets held for sale, see Note 32.
Restricted cash:
Restricted cash and cash equivalents amount to $26,879 and $25,879 as of December 31, 2023 and 2022, respectively.
We place collateralized amounts related to operations with our travel suppliers and service providers and the International Air Transport Association (“IATA”). We are required to be accredited by IATA to sell international airlines tickets of IATA-affiliated airlines. We, therefore, as part of our operations, maintain restricted cash in the form of time deposits or bank or insurance guarantees.
Also included within the restricted cash balance is $4,108 and $1,492 related to cash and cash equivalents balances of the securitization VIEs as of December 31, 2023 and 2022, respectively (See Note 11).
The following table reconciles our cash and cash equivalents and restricted cash as reported in our consolidated balance sheets to the total amount shown in our consolidated statements of cash flows:
As of December 31,
2023
As of December 31,
2022
As of December 31,
2021
As included in our consolidated balance sheets:
Cash and cash equivalents (1)
$223,894 $219,167 $246,078 
Restricted cash (1)
26,895 25,879 33,145 
Total cash and cash equivalents and restricted cash as shown in our consolidated statements of cash flows:250,789 245,046 279,223 
Cash and cash equivalents related to business held for sale (Note 32)9,319 — — 
Restricted cash related to business held for sale (Note 32)16 $— $— 
Cash and cash equivalents as of end of the period, net of business held for sale$241,454 $245,046 $279,223 
(1)As of December 31, 2023, we maintain $9,319 of cash and cash equivalents and $16 of restricted cash as assets held for sale, see Note 32.