7. Leases

The Company leases aircraft, engines and other assets under long-term lease arrangements. Other leased assets include real property, airport and terminal facilities, maintenance facilities, and general offices. Certain leases include escalation clauses and renewal options. When lease renewals are considered to be reasonably assured, the rental payments that will be due during the renewal periods are included in the determination of rent expense over the life of the lease.

During 2013, the Company took delivery of two Airbus A330-200 aircraft under operating leases with lease terms of 12 years with an option to extend for an additional two years.

As of September 30, 2013, the scheduled future minimum rental payments under capital leases and operating leases with non-cancellable basic terms of more than one year were as follows:

	Capital Leases						Operating Leases
	Aircraft			Other			Aircraft		Other
	(in thousands)
Remaining months in 2013	$	3,450		$	496		$	24,469	$	1,098
2014	13,803			1,159			96,673		4,194
2015	13,803			1,190			96,067		3,920
2016	13,803			1,223			79,357		3,725
2017	13,803			1,179			78,835		3,088
Thereafter	73,347			11,972			313,667		24,970
	132,009			17,219			$	689,068	$	40,995
Less amounts representing interest	(31,397		)	(5,069		)
Present value of minimum capital lease payments	$	100,612		$	12,150