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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2011
Long-term Debt  
Schedule of long-term debt

 

 

 
  December 31,
2011
  December 31,
2010
 

Notes payable to banks, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 1.35% to 3.81% through 2012 to 2020, secured by aircraft

  $ 364,741   $ 418,109  

Notes payable to a financing company, due in semi-annual installments, variable interest based on LIBOR, or with interest rates ranging from 0.70% to 7.52% through 2012 to 2021, secured by aircraft

    477,241     518,070  

Notes payable to banks, due in semi-annual installments plus interest at 6.06% to 7.18% through 2021, secured by aircraft

    193,197     212,504  

Notes payable to a financing company, due in semi-annual installments plus interest at 5.78% to 6.23% through 2019, secured by aircraft

    53,803     61,087  

Notes payable to banks, due in monthly installments plus interest of 3.15% to 8.18% through 2025, secured by aircraft

    706,463     663,487  

Notes payable to banks, due in semi-annual installments, plus interest at 6.05% through 2020, secured by aircraft

    19,946     21,969  

Notes payable to banks, due in semi-annual installments, plus interest at 3.72% to 3.86%, net of the benefits of interest rate subsidies through the Brazilian Export financing program, through 2011, secured by aircraft

        360  

Notes payable to a financing company, due in semi-annual installments interest based on LIBOR secured by flight simulator equipment

        2,389  
           

Long-term debt

    1,815,391     1,897,975  
           

Less current maturities

    (208,398 )   (159,039 )
           

Long-term debt, net of current maturities

    1,606,993     1,738,936  
           
Schedule of maturities of long-term debt

 

 

2012

  $ 208,398  

2013

    162,978  

2014

    168,984  

2015

    176,180  

2016

    181,622  

Thereafter

    917,229  
       

 

  $ 1,815,391