Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of commitments to acquire aircraft


Aircraft Type	2016	2017	2018	2019	2020	Thereafter	Total
Airbus A320/A321-200	3	1	—	—	—	—	4
Airbus A320/321neo(1)	1	14	17	27	26	55	140
Airbus A330-800/900neo	—	—	5	5	5	10	25
Airbus A350-900/1000	—	2	4	2	8	8	24
Boeing 737-800	3	9	—	—	—	—	12
Boeing 737-8/9 MAX	—	2	11	19	30	56	118
Boeing 777-300ER	3	2	—	—	—	—	5
Boeing 787-9/10	2	3	7	7	6	20	45
ATR 72-600(2)	4	—	—	—	—	—	4
Total	16	33	44	60	75	149	377

(1)

Our Airbus A320/321neo aircraft orders include 30 long-range variants.

(2)

We have committed to sell all of our ATR aircraft on order.

Schedule of commitments for the acquisition of aircraft and other equipment at an estimated aggregate purchase price

Commitments for the acquisition of these aircraft and other equipment at an estimated aggregate purchase price (including adjustments for inflation) of approximately $29.2 billion at June 30, 2016 and through August 4, 2016 are as follows (in thousands):


Years ending December 31,
2016	$	1,302,047
2017		2,646,313
2018		3,794,325
2019		4,599,513
2020		5,892,274
Thereafter		10,993,085
Total(1)	$	29,227,557

(1)

Based on recent aircraft deliveries from our order book, we have determined that our assumptions regarding forward purchase price escalations have been higher than our actual experience. Accordingly, we have revised our forward escalation and aircraft specification assumptions to reflect current experience and a forecasted extended lower inflationary environment. The impact of this change was a decrease of $0.7 billion in our forward purchase commitments. We will continue to monitor and adjust, as necessary, our forecasted assumptions.