Commitments and Contingencies

9 Months Ended

Sep. 30, 2011

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 11. Commitments and Contingencies

     On June 20, 2007, we entered into an acquisition agreement (the “Airbus A330 Agreement”), under which we agreed to acquire new A330 aircraft (the “New A330 Aircraft”), from Airbus S.A.S. At September 30, 2011, we had two New A330 Aircraft remaining to be delivered, one of which is scheduled for delivery in the fourth quarter of 2011 and one of which is scheduled for delivery in 2012. In addition, as of September 30, 2011, we committed to acquire approximately $97,350 of aircraft which we expect to take delivery of in the fourth quarter of 2011.

     Committed amounts to acquire, convert, and modify aircraft including, where applicable, our estimate of adjustments for configuration changes, engine acquisition costs, contractual price escalations and other adjustments, net of amounts already paid, are approximately $187,576 in 2011 and $87,692 in 2012.