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Commitments and Contingencies
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies  
Commitments and Contingencies

Note 6 — Commitments and Contingencies

 

As of September 30, 2017, the Company leased aircraft, airport facilities, office space, and other property and equipment under non-cancelable operating leases which are generally on a long-term, triple net lease basis pursuant to which the Company pays taxes, maintenance, insurance and certain other operating expenses applicable to the leased property.  The Company expects that, in the normal course of business, such operating leases that expire will be renewed or replaced by other leases, or the property may be purchased rather than leased. The following table summarizes future minimum rental payments required under operating leases that had initial or remaining non-cancelable lease terms as of September 30, 2017 (in thousands):

 

 

 

 

 

 

October through December 2017

    

$

43,077

 

2018

 

 

137,046

 

2019

 

 

102,877

 

2020

 

 

121,280

 

2021

 

 

112,535

 

Thereafter

 

 

236,503

 

 

 

$

753,318

 

 

As of September 30, 2017, the Company had a firm purchase commitment for 45 E175/E175 SC aircraft from Embraer, S.A. with scheduled delivery dates through the end of 2018.