XML 53 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
Subsequent Events
 12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On February 15, 2022, the Company’s board of directors approved quarterly cash dividends for the Company’s Class A common stock and Series A, Series B and Series C preferred stock. The following table summarizes the details of the dividends that were declared:

Title of each classCash dividend per shareRecord DatePayment Date
Class A Common Stock$0.185 March 18, 2022April 7, 2022
Series A Preferred Stock$0.384375 February 28, 2022March 15, 2022
Series B Preferred Stock$11.625 February 28, 2022March 15, 2022
Series C Preferred Stock$10.3125 February 28, 2022March 15, 2022

In addition, the Company’s board of directors approved a new share repurchase program, which authorized repurchase of up to $150.0 million of the Company’s Class A common stock through September 30, 2022.
In February 2022, the Company agreed to purchase 50 additional 737 MAX aircraft, which consisted of 32 incremental 737 MAX aircraft and 18 737 MAX aircraft resulting from the conversion of three 787 aircraft from our existing orderbook. Deliveries of these aircraft are scheduled to commence in 2024 and continue through 2026. The additional 32 incremental 737 MAX aircraft are pursuant to a memorandum of understanding and are subject to the negotiation of definitive purchase agreements.