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Off-Balance Sheet Arrangements
12 Months Ended
Dec. 31, 2012
Off-Balance Sheet Arrangements

Note 13 – Off-Balance Sheet Arrangements

 

We are a party to off-balance sheet arrangements consisting of variable interests in unconsolidated entities.

 

We have an investment in the form of an EETC which was acquired in 1999. EETCs are interests in a trust that passively holds investments in aircraft or pools of aircraft. EETCs provide investors with a collateral position in the related assets and tranched rights to cash flows from a financial instrument. Our investment in the form of EETC does not require consolidation. At December 31, 2012, our maximum exposure to economic loss from our EETC is $4.