3. Commitments, Contingencies and Guarantees

American had total aircraft acquisition commitments as of March 31, 2012 as follows:


		Boeing						Airbus
		737 Family¹		777-200ER		777-300ER		A320 Family		NEO		Total
Remainder of 2012	Purchase		22				2						24
	Lease												—
2013	Purchase		15				8						23
	Lease		16						20				36
2014	Purchase		5		2								7
2014	Lease		15						35				50
2015	Purchase				2								2
2015	Lease		20						30				50
2016	Purchase				2								2
2016	Lease		20						25				45
2017 and beyond	Purchase										130		130
2017 and beyond	Lease		20						20				40
Total	Purchase		42		6		10		0		130		188
Total	Lease		91		0		0		130		0		221

¹	As of March 31, 2012, American had elected to purchase nine Boeing 737 Next Generation aircraft using the sale-leaseback financing arranged directly by American with a third party leasing company. These aircraft are therefore reflected as purchases in the above table.

The assumption of agreements related to the Company's aircraft commitments is subject to collaboration with the Company's key stakeholders and, in some instances, approval of the Bankruptcy Court. The Company cannot predict what the outcome of these discussions and the Bankruptcy Court process will be.

As of March 31, 2012, and subject to assumption of the related agreements, payments for the above purchase commitments and certain engines will approximate $998 million in the remainder of 2012, $1.5 billion in 2013, $555 million in 2014, $311 million in 2015, $341 million in 2016, and $7.3 billion for 2017 and beyond. These amounts are net of purchase deposits currently held by the manufacturers. American has granted Boeing a security interest in American's purchase deposits with Boeing. The Company's purchase deposits totaled $682 million as of March 31, 2012.

As of March 31, 2012, and subject to assumption of the related agreements, total future lease payments for all leased aircraft, including aircraft not yet delivered, will approximate $742 million in the remainder of 2012, $1.0 billion in 2013, $1.2 billion in 2014, $1.4 billion in 2015, $1.6 billion in 2016, and $15.3 billion in 2017 and beyond.

In 2008, American entered into a purchase agreement with Boeing (subject to certain reconfirmation rights) to acquire 42 Boeing 787-9 aircraft, with the right to acquire an additional 58 Boeing 787-9 aircraft. American's first Boeing 787-9 aircraft was previously scheduled to deliver (subject to reconfirmation rights) in 2014; however, due to production issues such delivery has been delayed. American has selected GE Aviation as the exclusive provider of engines for its expected order of Boeing 787-9 aircraft. The assumption of the agreements related to our Boeing 787-9 aircraft order is subject to collaboration with the Company's key stakeholders and, in some instances, approval of the Bankruptcy Court. The Company cannot predict what the outcome of these discussions and the Bankruptcy Court process will be.

In 2010, American and Japan Airlines (JAL) entered into a Joint Business Agreement (JBA) to enhance their scope of cooperation on routes between North America and Asia through adjustments to their respective networks, flight schedules, and other business activities. American and JAL began implementing the JBA on April 1, 2011. The JBA provides for expanded codesharing, enhanced frequent flyer program reciprocity, and cooperation in other areas. American and JAL entered into a Revenue Sharing Agreement, effective April 1, 2011, as envisaged by the JBA. Under this agreement, American and JAL share certain revenues of their operations. In addition, American provided JAL a guarantee of certain minimum incremental revenue resulting from the successful operation of the joint business for the first three years following its implementation, subject to certain terms and conditions. The amount required to be paid by the Company under the guarantee in any one of such years may not exceed $100 million, and is reduced if capacity for one of such years is less than a defined base year period capacity. Based on current Trans-Pacific capacity, the guarantee in any one of such years may not exceed approximately $75 million. As of March 31, 2012, based on an expected probability model, American had recorded a guarantee liability that is not material.

As discussed further in Note 8 to the Condensed Consolidated Financial Statements, the Company announced the principal terms of a new business plan on February 1, 2012 which contemplates, among other things, reducing headcount by approximately 13,000. The Company may incur significant accounting charges as a result of this business plan, including employee severance charges. The business plan will require continued collaboration with the Creditors' Committee, various economic stakeholders and union representatives, and in some instances, approval of the Bankruptcy Court. The Company cannot predict whether, or to what extent, the business plan will be implemented. As such, at this time, the Company is not able to reasonably estimate the amount and timing of such charges or the portion of these charges that will result in future cash expenditures.

As a result of the current Chapter 11 filings, attempts to prosecute, collect, secure or enforce remedies with respect to prepetition claims against the Debtors are subject to the automatic stay provisions of Section 362(a) of the Bankruptcy Code, except in such cases where the Bankruptcy Court has entered an order modifying or lifting the automatic stay. Notwithstanding the general application of the automatic stay described above, governmental authorities, both domestic and foreign, may determine to continue actions brought under their regulatory powers. Therefore, the automatic stay may have no effect on certain matters, and the Debtors cannot predict the impact, if any, that its Chapter 11 Cases might have on its commitments and obligations.