Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies

Schedule of commitments to acquire aircraft

Aircraft Type	2019	2020	2021	2022	2023	Thereafter	Total
Airbus A320/321neo(1)	7	28	32	25	25	—	117
Airbus A330-900neo	1	3	3	6	3	—	16
Airbus A350-900/1000	—	3	6	3	2	—	14
Boeing 737-7/8/9 MAX(2)	—	31	46	28	25	5	135
Boeing 787-9/10(2)	1	15	7	6	5	—	34
Total(3)(4)	9	80	94	68	60	5	316

(1) Our Airbus A320/321neo aircraft orders include 56 long-range variants.

(2) The table above reflects the conversion of purchase orders for 15 Boeing 737 MAX aircraft to five Boeing 787-9 aircraft pursuant to an October 2019 agreement with Boeing. The table also reflects our estimate of future Boeing 737 MAX aircraft delivery delays based on information currently available to us. The actual delivery dates of such Boeing 737 MAX aircraft may differ from our estimate and could be further impacted by the length of the grounding and the pace at which Boeing can deliver aircraft following the lifting of the grounding, among other factors.

(3) In addition to the aircraft from our order book, we have a commitment to purchase one used Airbus A330-300 aircraft from a third party, which is scheduled for delivery in 2019.

(4) Excluded from the table above are memorandums of understanding (“MOU”) with Airbus, signed in June 2019, to launch the A321 XLR aircraft and to order the A220 aircraft. Through these MOUs, we have the right to purchase 100 aircraft comprised of 27 A321 XLR aircraft, 23 A321neo aircraft and 50 A220 aircraft, and we have purchase options for an additional 25 A220 aircraft.

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

Commitments for the acquisition of aircraft and other equipment, calculated at an estimated aggregate purchase price (including adjustments for inflation) was approximately $22.5 billion at September 30, 2019, as adjusted for the conversion referenced in footnote 2 in the table above, and are due as follows (in thousands):

Years ending December 31,
2019	$	771,134
2020		6,419,215
2021		6,647,270
2022		4,750,559
2023		3,678,420
Thereafter		225,142
Total	$	22,491,740