Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies

Commitments and Contingencies

Note 4. Commitments and Contingencies

Aircraft Acquisition

As of June 30, 2013 we had commitments to acquire a total of 346 new aircraft for delivery as follows:

Aircraft Type	2013	2014	2015	2016	2017	Thereafter	Total
Airbus A320/321-200	5	13	6	—	—	—	24
Airbus A320/321 NEO	—	—	—	3	12	35	50
Airbus A330-200/300	1	—	—	—	—	—	1
Airbus A350-900/1000(1)	—	—	—	—	—	30	30
Boeing 737-800	9	13	17	18	11	—	68
Boeing 737-8/9 MAX(2)	—	—	—	—	—	104	104
Boeing 777-300ER	—	6	8	1	—	—	15
Boeing 787-9/10(3)	—	—	—	—	1	44	45
ATR 72-600	4	4	1	—	—	—	9
Total	19	36	32	22	24	213	346

(1) As of June 30, 2013, five of the Airbus A350-1000 aircraft were subject to reconfirmation.

(2) As of June 30, 2013, 20 of the Boeing 737-8 MAX aircraft were subject to reconfirmation.

(3) As of June 30, 2013, 33 of the Boeing 787-9/10 aircraft were subject to a non-binding memorandum of understanding.

Commitments for the acquisition of these aircraft and other equipment at an estimated aggregate purchase price (including adjustments for inflation) of approximately $28.4 billion at June 30, 2013 are as follows (in thousands):

Years ending December 31,
2013	$	979,293
2014	2,357,826
2015	2,056,573
2016	1,340,385
2017	1,625,100
Thereafter	20,060,848
Total	$	28,420,025

We have made non-refundable deposits on the aircraft for which we have commitments to purchase of $861.4 million and $564.7 million as of June 30, 2013 and December 31, 2012, respectively, which are subject to manufacturer performance commitments. If we are unable to satisfy our purchase commitments, we may forfeit our deposits. Further, we would be subject to breach of contract claims by our lessees and manufacturers.