SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
ANNUAL REPORT
(MARK ONE)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM _____________ TO ______________
COMMISSION FILE NUMBER 0-11350
INTERNATIONAL LEASE FINANCE CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
CALIFORNIA 22-3059110
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
1999 AVENUE OF THE STARS, LOS ANGELES, CALIFORNIA 90067
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (310) 788-1999
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
NONE
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
NONE
(TITLE OF CLASS)
INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS. YES [X] NO [ ]
INDICATE BY CHECK MARK IF DISCLOSURE OF DELINQUENT FILERS PURSUANT TO ITEM 405 OF REGULATION S-K (SEC. 229.405 OF THIS CHAPTER) IS NOT CONTAINED HEREIN, AND WILL NOT BE CONTAINED, TO THE BEST OF REGISTRANT'S KNOWLEDGE, IN DEFINITIVE PROXY OR INFORMATION STATEMENTS INCORPORATED BY REFERENCE IN PART III OF THIS FORM 10-K OR ANY AMENDMENT TO THIS FORM 10-K. [X]
AS OF MARCH 12, 2001, THERE WERE 35,818,122 SHARES OF COMMON STOCK, NO PAR
VALUE, OUTSTANDING.
REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION I(1)(a) AND (b) OF FORM 10-K AND IS THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT.
INTERNATIONAL LEASE FINANCE CORPORATION
2000 FORM 10-K ANNUAL REPORT
TABLE OF CONTENTS
PART I
PAGE
----
Item 1. Business.................................................... 1
Item 2. Properties.................................................. 7
Item 3. Legal Proceedings........................................... 9
PART II
Item 5. Market for Registrant's Common Equity and Related
Stockholder Matters....................................... 9
Item 6. Selected Financial Data..................................... 10
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations................................. 11
Item 7A. Quantitative and Qualitative Disclosures About Market
Risk...................................................... 14
Item 8. Financial Statements and Supplementary Data................. 14
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure.................................. 14
PART IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form
8-K....................................................... 15
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PART I
ITEM 1. BUSINESS
GENERAL
International Lease Finance Corporation (the "Company") is primarily engaged in the acquisition of new and used commercial jet aircraft and the leasing of those aircraft to airlines throughout the world. In addition to its leasing activity, the Company regularly sells aircraft from its leased aircraft fleet and aircraft owned by others to third party lessors and airlines and in some cases provides fleet management services to these buyers. The Company, in terms of the number and value of transactions concluded, is a major owner- lessor of commercial jet aircraft.
As of December 31, 2000, the Company's lease portfolio consisted of 401 aircraft under operating lease and three aircraft under finance lease. Additionally, the Company provided fleet management services for 89 aircraft. See "Item 2. Properties -- Flight Equipment." At December 31, 2000, the Company had committed to purchase 488 aircraft deliverable through 2009 at an estimated aggregate purchase price of $27.3 billion, of which the Company currently anticipates taking delivery of 67 aircraft in 2001 with an estimated aggregate purchase price of $3.5 billion. It also had options to purchase an additional 51 aircraft deliverable through 2007 at an estimated aggregate purchase price of $3.0 billion. See "Item 2. Properties -- Commitments."
The Company maintains the mix of flight equipment to meet its customers' needs and to minimize the time that its aircraft are not leased to customers by purchasing those models of new and used aircraft which it believes will have the greatest airline demand and operational longevity.
The Company purchases, and finances the purchase of, aircraft on terms intended to permit the Company to lease or sell such aircraft at a profit. The Company typically finances the purchase of aircraft with borrowed funds and internally generated cash flow. The Company accesses the capital markets for such funds at times and on terms and conditions it considers appropriate. The Company may, but does not necessarily, engage in financing transactions for specific aircraft. The Company relies significantly on short- and medium-term financing, and thereby attempts to manage interest rate exposure. To date, the Company has been able to purchase aircraft on terms which have permitted it to lease the aircraft at a profit and has not experienced any difficulty in obtaining financing.
The Company's aircraft are usually leased on terms under which the Company does not fully recover the acquisition cost of such aircraft. Thus, at the termination of a lease, the Company bears the risk of selling or re-leasing the aircraft on terms which will cover its remaining cost.
The airline industry is cyclical, economically sensitive and highly competitive. See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations." The Company's revenue and income may be affected by political or economic instability abroad, changes in national policy, competitive pressures on certain air carriers, fuel shortages, labor stoppages, recessions, and other political or economic events adversely affecting world or regional trading markets or impacting a particular customer. The Company's continued success is partly dependent on management's ability in the future to develop customer relationships for leasing, sales, remarketing and management services with those airlines and other customers best able to maintain their economic viability and survive in a deregulated environment.
The Company is incorporated in the State of California and its principal executive offices are located at 1999 Avenue of the Stars, Los Angeles, California 90067. The Company's telephone and telecopier numbers are (310) 788-1999 and (310) 788-1990, respectively. The Company is an indirect wholly owned subsidiary of American International Group, Inc. ("AIG"). AIG is a holding company which through its subsidiaries is primarily engaged in a broad range of insurance and insurance-related activities and financial services in the United States and abroad. The Common Stock of AIG is listed on, among others, the New York Stock Exchange.
AIRCRAFT LEASING
The initial term of the Company's current leases range in length from one year to 15 years. See "Item 2. Properties -- Flight Equipment" for information regarding scheduled lease terminations. Most of the Company's leases are operating leases under which the Company does not fully recover its aircraft cost and retains the benefit and assumes the risk of the residual value of the aircraft. The Company on occasion also enters into finance and sales-type leases where the full cost of the aircraft is substantially recovered over the term of the lease. At December 31, 2000, three of the Company's leases were accounted for as finance leases. The aircraft under operating leases are included as assets on the Company's balance sheet and depreciation is charged to income over the estimated useful lives of the aircraft. In accordance with generally accepted accounting principles, rentals are reported ratably as revenue over the lease term as they are earned. The Company attempts to maintain a mix of short- and medium-term leases to balance the benefits and risks associated with different lease terms and changing market conditions. Varying lease terms mitigate the effects of changes in prevailing market conditions at the time aircraft become eligible for re-lease or sale and the uncertainty associated with the estimated residual value of the aircraft at the end of the lease term.
All leases are on a "net" basis with the lessee responsible for all operating expenses, which customarily include fuel, crews, airport and navigation charges, taxes, licenses, registration and insurance. Normal maintenance and repairs, airframe and engine overhauls, and compliance with return conditions of flight equipment on lease are provided by and paid for by the lessee. Under the provisions of most leases, for certain airframe and engine overhauls, the lessee is reimbursed by the Company for costs incurred up to but not exceeding related hourly rentals paid to the Company by the lessee. Such rentals are included in the caption Rental of flight equipment. The Company provides a charge to operations for such reimbursements based on the estimated reimbursements during the life of the lease, which amount is included in overhaul reserves. The lessee is responsible for compliance with all applicable laws and regulations with respect to the aircraft. The Company requires its lessees to comply with the most restrictive standards of either the Federal Aviation Administration (the "FAA") or its foreign equivalent. The Company makes periodic inspections of the condition of its leased aircraft. Generally, the Company requires a deposit which is security for the condition of aircraft upon return to the Company, the rental payments by the lessee and the performance of other obligations by the lessee under the lease. In addition, the leases contain extensive provisions regarding the remedies and rights of the Company in the event of a default thereunder by the lessee and specific provisions regarding the condition of the aircraft upon redelivery to the Company. The lessee is required to continue to make lease payments under all circumstances, including periods during which the aircraft is not in operation due to maintenance or grounding.
The Company obtains and reviews relevant business materials from all prospective lessees and purchasers before entering into a lease or extending credit. Under certain circumstances, the Company may require the lessee to obtain guarantees or other financial support from an acceptable financial institution or other third party.
FLIGHT EQUIPMENT MARKETING
The Company also regularly disposes of its leased aircraft at or before the expiration of their leases. The buyers include the aircraft's lessee, another aircraft operator or a third party lessor. Any gain or loss on disposition of leased aircraft is included in the caption Flight equipment marketing.
From time to time, the Company also engages in transactions to buy aircraft for resale. In some cases, the Company assists its customers in acquiring or disposing of aircraft through consulting services and procurement of financing from third parties.
In addition to its leasing and sales operations, the Company is engaged, from time to time, as an agent for airlines in the disposition of their surplus aircraft. The Company generally acts as an agent under an exclusive remarketing contract whereby it agrees to sell aircraft on a "best efforts" basis within a fixed time period. These activities generally augment the Company's primary activities and also serve to promote relationships with prospective sellers and buyers of aircraft.
The Company plans to continue its remarketing services on a selective basis involving specific situations where these activities will not conflict or compete with, but rather will be complementary to, its leasing and selling activities.
FLEET MANAGEMENT SERVICES
The Company provides fleet management services to third party operating lessors who are unable or unwilling to perform this service as part of their own operation. The Company typically provides the same services that it performs for its own fleet. Specifically, the Company provides leasing, re-leasing and sales services on behalf of the lessor for which the Company receives a fee.
FINANCING/SOURCE OF FUNDS
The Company purchases new aircraft directly from manufacturers and used aircraft from airlines and other owners. The Company finances the purchase price of flight equipment from internally generated funds, secured and unsecured commercial bank financings and the issuance of commercial paper, public and private debt and preferred stock. See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations."
CUSTOMERS
At December 31, 2000, the Company leased aircraft, and managed aircraft leased, to the following airlines: (domestic) Alaska Airlines, America West, Continental Airlines, Frontier Airlines, Jet Blue, National Airlines, North American Airlines, Southwest Airlines, Trans World Airlines (TWA), and World Airways; (foreign) Aer Lingus, Aeris, Aero Continente, Aeroflot, Aero Lloyd Flugreisen, Aeromexico, Air 2000, Air Afrique, Air Alfa, Air Anatolia, Air Atlanta Icelandic, Air Canada, Air Europa (Air Espana SPA), Air Europe SpA, Air France, Air Jamaica, Air Liberte, Air Macau, Air Madagascar, Air Malta, Air Mauritius, Air New Zealand, Air One, Air Pacific, Air Plus Comet, Air Seychelles, Air Transat, Air Vanuatu, Alitalia, Ansett Australia, Asiana Airlines, Austrian Airlines, Avianca, Balair, Brussels International Airline, Braathens S.A.F.E., Britannia Airways, British Airways, British Midland Airways, Blue Panorama, BWIA, Canada 3000, Canadian Airlines, Cathay Pacific, China Airlines, China Hainan Airlines, China Northwest, China Southern Airlines, China Southwest Airlines, China Xinjiang, Cyprus Airways, Easy Jet, El Al Israel Airlines, Emirates, Estonian Air, Far Eastern Air Transport, Finnair, Garuda Indonesia, GB Airways, Hapag-Lloyd Flug, Heliopolis, Hong Kong Dragon Airlines (Dragonair), Iberia, Icelandair, JMC Airlines, Kenya Airways, KLM Royal Dutch Airlines, KLM City Hoppers, L'Aeropostale, Lineas Aereas Privadas Argentinas, S.A. (LAPA), Lithuanian, Lloyd Aero Boliviano (LAB), Linea Aerea Nacional Chile, Lotus Air, LTU Luftransport-Unternehmen, Lufthansa, Malev, Mandarin Airlines, Martinair Holland, Mediterranean Airlines, Meridiana, Mexicana, Middle East Airlines Airliban, Monarch Airlines, Olympic Airways, Oman Aviation, Pegasus, Polynesian Airlines, QANTAS, Rio Sul, Royal Jordanian, Sabena, Sabre Airways, Sahara India Airlines, Shanghai, Shenzhen, Sichuan Airlines, Skymark, Skyservice Airlines, Spanair, Star, Sterling European, Swissair, TACV Cabo Verde, TAP Air Portugal, Turk Hava Yollari (THY), Transavia, Transbrasil, Varig, Vietnam Airlines, Virgin Atlantic Airways, Virgin Blue, Volare, Wuhan Airlines, Xiamen Airlines and Yemenia. No single customer accounted for more than 10% of total revenues in any of the last three years.
Revenues include rentals of flight equipment to foreign airlines of $2,026,017,000 (2000), $1,842,126,000 (1999) and $1,623,891,000 (1998) comprising 88.0%, 88.5% and 87.6%, respectively, of total rentals of flight equipment. See Note J of Notes to Consolidated Financial Statements.
The following table sets forth the dollar amount and percentage of total rental revenues attributable to the indicated geographic areas based on each airline's principal place of business for the years indicated:
2000 1999 1998
------------------ ------------------ ------------------
AMOUNT % AMOUNT % AMOUNT %
---------- ----- ---------- ----- ---------- -----
(DOLLARS IN THOUSANDS)
Europe............................. $1,054,783 45.8% $ 946,335 45.5% $ 798,773 43.1%
Asia/Pacific....................... 462,426 20.1 421,337 20.3 410,600 22.1
United States and Canada........... 437,745 19.0 389,593 18.7 333,472 18.0
Central and South America and
Mexico........................... 229,438 10.0 201,405 9.7 190,572 10.3
Africa and the Middle East......... 117,048 5.1 121,885 5.8 120,566 6.5
---------- ----- ---------- ----- ---------- -----
$2,301,440 100.0% $2,080,555 100.0% $1,853,983 100.0%
========== ===== ========== ===== ========== =====
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The following table sets forth revenue attributable to individual countries representing at least 10% of total revenue based on each airline's principal place of business for the years indicated:
2000 1999 1998
---------------- ---------------- ----------------
AMOUNT % AMOUNT % AMOUNT %
-------- ----- -------- ----- -------- -----
(DOLLARS IN THOUSANDS)
United Kingdom....................... $276,340 12.0% $292,278 14.0% $257,906 13.9%
United States........................ 275,423 12.0 238,429 11.5 241,379 13.0
China (including Macau and
Hong Kong)*........................ 251,372 10.9 255,922 12.3 250,394 13.5
* Macau 33,504 36,128 36,122
Hong Kong 77,364 84,787 86,345
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Many foreign countries have currency and exchange laws regulating the international transfer of currencies. The Company attempts to minimize its currency and exchange risks by negotiating most of its aircraft leases and all of its sales transactions in U.S. dollars, and all guarantees obtained to support various lease agreements are denominated for payment in the same currency as the lease. The Company requires, as a condition to any foreign transaction, that the lessee or purchaser in a foreign country first obtain, if required, written approval of the appropriate government agency, finance ministry or central bank for the remittance of all funds contractually owed to the Company in U.S. dollars. Some of the Company's leases are negotiated in Euros to meet the needs of a growing number of airlines. As the Euro to U.S. Dollar exchange rate improves, more airlines will have an interest in making Euro denominated rental payments. However, as the Euro to U.S. Dollar exchange rate worsens, fewer airlines will be interested in Euro payments. Once an airline and the Company agree to the rental payment currency, it remains for the term of the lease. Euro denominated leases are primarily used as a hedge against Euro denominated debt obligations of the Company. As a result, the Company has sufficient Euro inflows from leases and currency swaps to meet its Euro denominated debt obligations. Foreign currency risk has, to date, been immaterial to the Company.
On January 10, 2001, one of the Company's customers, Transworld Airways ("TWA") filed for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code. As of March 12, 2001, the bankruptcy court confirmed that American Airlines would acquire substantially all of the assets and leases of TWA, including the leases of 16 aircraft owned by the Company.
The Company has restructured leases with both foreign and domestic lessees. Such restructurings have involved the voluntary termination of leases prior to lease expiration, the replacement of leased aircraft with smaller, less expensive leased aircraft, the arrangement of subleases from the primary lessee to another airline and the rescheduling of lease payments. In some situations where the Company repossesses an aircraft, it may decide to export the aircraft from the lessee's jurisdiction. In the majority of these situations, the Company obtains the lessee's cooperation and the return and export of the aircraft is immediate. In some situations, however, the lessees have not cooperated in returning aircraft, in which case the Company has had to take legal action in the appropriate jurisdictions which has delayed the ultimate return and export of the aircraft. In addition, in connection with the repossession of an aircraft, the Company may be required to pay outstanding
mechanic's, airport and other operating liens on the repossessed aircraft, which could include charges relating to other aircraft operated by the lessee.
The Company's revenues and income may be affected by political or economic instability abroad, changes in national policy, competitive pressures on certain air carriers, fuel shortages, labor stoppages, recessions and other political or economic events adversely affecting world or regional trading markets or impacting a particular customer. Recently, the increase in the cost of jet fuel has resulted in serious financial implications for some airlines. Those airlines not able to hedge all or part of their fuel costs are at the greatest risk.
COMPETITION
The leasing and sale of jet aircraft is highly competitive. Aircraft manufacturers and the airlines sell new and used jet aircraft. Furthermore, the Company faces competition in leasing aircraft from aircraft manufacturers, banks, financial institutions and other leasing companies. There is also competition with respect to its remarketing activities from many sources, including, but not limited to, aircraft brokers.
GOVERNMENT REGULATION
The FAA and the U.S. Departments of Transportation and State exercise regulatory authority over air transportation in the United States.
The U.S. Departments of Transportation and State, in general, have jurisdiction over the economic regulation of air transportation, including the negotiation with foreign governments of the rights of U.S. carriers to fly to other countries and the rights of foreign carriers to fly to and within the United States.
The FAA has regulatory jurisdiction over the maintenance and operation of U.S. air carriers, the operation of aircraft in the United States by foreign carriers and the registration of aircraft in the United States. The FAA can suspend or revoke the authority of U.S. air carriers or their licensed personnel and can similarly revoke the authority of foreign air carriers to operate within the United States for failure to comply with FAA regulations. The FAA can also ground aircraft if their airworthiness is in question.
In every foreign country, similar government agencies regulate the country's air carriers, the operations of foreign airlines in the country and the registration of aircraft. Like the FAA, the civil aviation authority in a foreign country can suspend or revoke the operating authority of an airline and ground aircraft for safety reasons.
Since the Company does not itself operate its aircraft for public transportation of passengers and property, the Company is not directly subject to the regulatory jurisdiction of the U.S. Departments of Transportation and State or their counterpart organizations in foreign countries.
The Company's relationship with the FAA consists of the registration with the FAA of those aircraft which are leased by the Company to U.S. carriers and to a number of foreign carriers where, by agreement, the aircraft are to be registered in the United States. In limited circumstances, the Company also obtains from the FAA or its designated representatives a U.S. Certificate of Airworthiness for a particular aircraft or a ferry flight permit.
The Company's involvement with the civil aviation authorities of foreign jurisdictions consists largely of requests to register and deregister the Company's aircraft on lease to carriers in those countries.
The Company also works with U.S. Customs with respect to the import and export of the Company's aircraft into and from the United States for maintenance or lease.
EMPLOYEES
The Company is in a capital intensive rather than a labor intensive business. As of December 31, 2000, the Company had 104 full-time employees, which it considered adequate for its business operations. The Company will expand its management and administrative personnel, as necessary, to meet future growth. None of the Company's employees is covered by a collective bargaining agreement and the Company believes
that it has maintained excellent employee relations. The Company provides certain employee benefits, including retirement plans and health, life, disability and accident insurance.
INSURANCE
The Company requires its lessees to carry those types of insurance which are customary in the air transportation industry, including comprehensive liability insurance and aircraft hull insurance. In general, the Company is an additional insured on liability policies carried by the lessees. All policies contain a breach of warranty endorsement so that the interests of the Company are not prejudiced by any act or omission of the operator-lessee.
Insurance premiums are paid by the lessee, with coverage acknowledged by the broker or carrier. The territorial coverage is, in each case, suitable for the lessee's area of operations and the policies contain, among other provisions, a "no co-insurance" clause and a provision prohibiting cancellation or material change without at least 30 days advance written notice to the Company. Furthermore, the insurance is primary and not contributory and all insurance carriers are required to waive rights of subrogation against the Company.
The stipulated loss value schedule under aircraft hull insurance policies is on an agreed value basis acceptable to the Company, which usually exceeds the book value of the aircraft. In cases where the Company believes that the agreed value stated in the lease is not sufficient, the Company purchases additional Total Loss Only coverage for the deficiency. Aircraft hull policies contain standard clauses covering aircraft engines. All deductibles are required to be paid by the lessee. Furthermore, the aircraft hull policies contain full war risk endorsements, including, but not limited to, confiscation, seizure, hijacking and similar forms of retention or terrorist acts. All losses under such policies are payable in U.S. dollars.
The comprehensive liability insurance policies include provisions for bodily injury, property damage, passenger liability, cargo liability and such other provisions reasonably necessary in commercial passenger and cargo airline operations with minimal deductibles. Such policies generally have combined comprehensive single liability limits of not less than $250 million. Additionally, all aircraft in the Company's fleet are covered by contingent liability insurance and contingent hull insurance.
The Company also maintains other insurance covering the specific needs of its business operations. Insurance policies are generally placed or reinsured through AIG subsidiaries, with costs allocated back to the Company. The Company believes that its insurance is adequate both as to coverage and amount.
FORWARD-LOOKING STATEMENTS
This annual report on Form 10-K contains or incorporates statements that constitute forward-looking statements. Those statements appear in a number of places in this Form 10-K and include statements regarding, among other matters, the Company's growth and acquisition opportunities, the Company's acquisition strategy, regulatory matters pertaining to compliance with governmental regulations and other factors affecting the Company's financial condition or results of operations. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and "should" and variations of these words and similar expressions, are used in many cases to identify these forward-looking statements. Any such forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company or industry results to vary materially from the Company's future results, performance or achievements, or those of the industry, expressed or implied in such forward-looking statements. Such factors include, among others, general industry economic and business conditions, which will, among other things, affect demand for aircraft, availability and creditworthiness of current and prospective lessees, lease rents, availability and cost of financing and operating expenses, governmental actions and initiatives and environmental and safety requirements. The Company will not update any forward-looking information to reflect actual results or changes in the factors affecting the forward-looking information.
ITEM 2. PROPERTIES
FLIGHT EQUIPMENT
The Company's management frequently reviews opportunities to acquire suitable commercial jet aircraft based not only on market demand and customer airline requirements, but also on the Company's fleet portfolio mix criteria and planning strategies for leasing. Before committing to purchase specific aircraft, the Company takes into consideration factors such as estimates of future values, potential for remarketing, trends in supply and demand for the particular type, make and model of aircraft and engines and anticipated obsolescence. As a result, certain types and vintages of aircraft do not necessarily fit the profile for inclusion in the Company's portfolio of aircraft owned and used in its leasing operations.
At December 31, 2000, all of the Company's fleet was Stage III compliant, meaning that the aircraft hold or are capable of holding a noise certificate issued under Chapter 3 of Volume 1, Part II of Annex 16 of the Chicago Convention or have been shown to comply with the Stage III noise levels set out in Section 36.5 of Appendix C of Part 36 of the Federal Aviation Regulations of the United States. At December 31, 2000, the average age of the Company's aircraft was 4.32 years.
The following table shows the scheduled lease terminations (for the minimum noncancelable period) by aircraft type for the Company's operating lease portfolio at December 31, 2000:
AIRCRAFT TYPE 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL
------------- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- -----
737-300/400/500...... 6 20 24 7 13 4 3 1 78
737-700/800.......... 1 1 5 5 4 1 6 4 1 1 29
757-200.............. 4 6 6 3 10 7 9 4 2 3 1 55
767-200.............. 1 1 2
767-300.............. 4 16 8 7 6 2 1 2 1 1 48
777-200.............. 2 2 3 2 2 11
777-300.............. 1 1
747-300.............. 1 1 2
747-400.............. 7 2 2 11
MD-83................ 1 1
DC10-30.............. 2 2
MD-11................ 3 3 6
A300-600R............ 2 1 1 2 6
A310-300............. 3 1 1 2 7
A319................. 2 2 7 7 2 20
A320................. 2 18 9 6 5 2 2 1 3 48
A321................. 2 3 5 9 2 3 6 3 33
A330-200............. 3 3 2 8 2 18
A330-300............. 5 3 1 1 1 11
A340................. 9 2 1 12
-- -- -- -- -- -- -- -- -- -- -- -- -- -- ---
Total................ 25 73 73 45 62 42 34 13 8 10 6 9 0 1 401
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This schedule includes 19 aircraft leased by the Company and subleased to others and excludes one aircraft which was not subject to lease at December 31, 2000, but was subsequently leased.
COMMITMENTS
At December 31, 2000, the Company had committed to purchase the following aircraft at an estimated aggregate purchase price (including adjustment for anticipated inflation) of approximately $27.2 billion for delivery as shown:
AIRCRAFT TYPE 2001 2002 2003 2004 2005 2006 2007 2008 2009 TOTAL
------------- ---- ---- ---- ---- ---- ---- ---- ---- ---- -----
737-300........................ 2 2
737-600/700/800(a)............. 27 24 25 26 26 21 21 170
757-200........................ 3 2 1 6
767-300........................ 3 1 1 1 6
777-200........................ 6 4 2 5 5 6 4 3 3 38
777-300........................ 1 2 2 2 2 2 11
A318........................... 2 5 6 6 6 5 30
A319........................... 5 4 9 9 11 8 7 4 57
A320-200....................... 13 11 13 7 8 11 9 10 82
A321-200....................... 1 4 5 3 6 5 5 5 34
A330-200....................... 3 10 4 7 5 3 3 3 38
A330-300....................... 1 1
A340/300/500/600(a)............ 2 2 1 1 4 3 13
-- -- -- -- -- -- -- -- -- ---
Total..................... 67 66 68 67 73 65 54 25 3 488
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(a) The Company has the right to designate the size of the aircraft within the specific model type at specific dates prior to contractual delivery.
At December 31, 2000, the Company had options to purchase the following aircraft at an estimated aggregate purchase price (including adjustment for anticipated inflation) of approximately $3.0 billion for delivery as shown:
AIRCRAFT TYPE 2001 2002 2003 2004 2005 2006 2007 2008 2009 TOTAL
------------- ---- ---- ---- ---- ---- ---- ---- ---- ---- -----
737-600/700/800................ 1 3 1 1 2 3 11
777-200/300.................... 2 1 1 2 6
A319........................... 1 2 2 2 1 8
A320-200....................... 2 1 1 1 2 1 8
A321-200....................... 3 2 1 1 1 1 9
A330-200....................... 3 1 1 1 1 7
A340-300/500/600............... 2 2
-- -- -- -- -- -- -- -- -- --
0 2 15 9 7 5 10 3 0 51
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Management anticipates that a significant portion of such aggregate purchase price will be funded by incurring additional debt. The exact amount of the indebtedness to be incurred will depend upon the actual purchase price of the aircraft, which can vary due to a number of factors, including inflation, and the percentage of the purchase price of the aircraft which must be financed.
The aircraft listed above are being purchased pursuant to master agreements with each of The Boeing Company ("Boeing") and AVSA, S.A.R.L., the sales subsidiary of Airbus Industrie ("Airbus"). These agreements establish the pricing formulas (which include certain price adjustments based upon inflation and other factors) and various other terms with respect to the purchase of aircraft. Under certain circumstances, the Company has the right to alter the mix of aircraft type ultimately acquired. As of December 31, 2000, the Company had made non-refundable deposits (exclusive of capitalized interest) with respect to the aircraft which the Company has committed to purchase of approximately $583,370,000 and $372,360,000 with Boeing and Airbus, respectively.
As of March 15, 2000, the Company had entered into contracts for the lease of all of the 67 aircraft to be delivered in 2001, 62 of the 66 aircraft to be delivered in 2002, 25 of the 68 aircraft to be delivered in 2003, 5 of
the 67 aircraft to be delivered in 2004 and 4 of the 220 aircraft to be delivered subsequent to 2004. The Company will need to find customers for aircraft presently on order and any new aircraft ordered and will need to arrange financing for portions of the purchase price of such equipment. Although the Company has been successful to date in placing its new aircraft on lease and has obtained adequate financing in the past, there can be no assurance as to the future continued availability of lessees or of sufficient amounts of financing on terms acceptable to the Company.
FACILITIES
The Company's principal offices are located at 1999 Avenue of the Stars, Los Angeles, California. The Company occupies space under leases which expire in 2005. As of December 31, 2000, the Company occupied approximately 44,000 square feet of office space with a signed agreement to obtain an additional 9,700 square feet during 2001. The leases provide for annual rentals of approximately $3,000,000, and the rental payments thereunder are subject to certain indexed escalation provisions. The Company signed a lease for approximately 127,000 square feet of office space at 10270 Constellation Avenue, Los Angeles, California starting in 2004. The lease provides for annual average rent of approximately $9,000,000.
ITEM 3. LEGAL PROCEEDINGS
The Company is not a party to any significant legal proceedings.
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
The Company is indirectly wholly owned by AIG and the Company's Common Stock is not listed on any national exchange or traded in any established market. During the years ended December 31, 2000, 1999 and 1998, the Company paid cash dividends to its parent company of $206,000,000, $69,500,000 and $25,200,000, respectively. It is the intent of the Company to pay its parent company an annual dividend of at least 7% of net income subject to the dividend preference of any preferred stock outstanding. Under the most restrictive provisions of the Company's borrowing arrangements, consolidated retained earnings at December 31, 2000 in the amount of $741,437,000 were unrestricted as to the payment of dividends.
ITEM 6. SELECTED FINANCIAL DATA
The following table summarizes selected consolidated financial data and certain operating information of the Company. The selected consolidated financial data should be read in conjunction with the Consolidated Financial Statements and notes thereto and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" included elsewhere in this Form 10-K.
YEARS ENDED DECEMBER 31,
-------------------------------------------------------------------
2000 1999 1998 1997 1996
----------- ----------- ----------- ----------- -----------
(DOLLAR AMOUNTS IN THOUSANDS)
OPERATING DATA:
Rentals of flight equipment..... $ 2,301,440 $ 2,080,555 $ 1,853,983 $ 1,732,667 $ 1,444,439
Flight equipment marketing...... 99,716 147,216 118,183 176,005 136,099
Interest and other income....... 77,589 72,317 73,500 49,335 51,976
Total revenues.................. 2,478,745 2,300,088 2,045,666 1,958,007 1,632,514
Expenses........................ 1,772,552 1,596,683 1,483,392 1,431,848 1,237,575
Income before income taxes...... 706,193 703,405 562,274 526,159 394,939
Net income...................... 468,901 453,447 369,352 338,684 251,774
RATIO OF EARNINGS TO FIXED
CHARGES AND PREFERRED STOCK
DIVIDENDS(1): 1.68x 1.75x 1.60x 1.58x 1.47x
BALANCE SHEET DATA:
Flight equipment under operating
leases (net of accumulated
depreciation)................. $17,878,389 $16,096,053 $14,872,430 $12,792,531 $12,182,774
Net investment in finance and
sales-type leases............. 114,062 56,555 89,904 98,026 103,629
Total assets.................... 19,705,529 17,507,124 16,379,632 14,551,954 13,725,596
Total debt...................... 13,421,526 11,861,796 11,184,010 9,954,362 9,794,260
Shareholders' equity............ 3,463,779 3,210,192 2,844,375 2,517,188 2,214,552
OTHER DATA:
Aircraft owned at period
end(2)........................ 383 338 329 299 296
Aircraft sold or remarketed
during the period............. 20 51 31 57 37
|
(1) See Exhibit 12.
(2) See "Item 2. Properties -- Flight Equipment."
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
INDUSTRY CONDITION
From time to time, certain of the Company's customers have experienced
economic difficulties resulting in the Company's participation in customer
restructurings. Such restructurings have involved the voluntary early
termination of leases and the rescheduling of payments. In addition, in certain
circumstances, the Company has been required to repossess aircraft. See "Item
1. Business -- Customers."
FINANCIAL CONDITION
The Company borrows funds to purchase flight equipment (see "Item 2. Properties -- Commitments"), including funds for progress payments during the construction phase, principally on an unsecured basis from various sources. At December 31, 2000, 1999 and 1998, the Company's debt financing and capital lease obligations were comprised of the following:
2000 1999 1998
----------- ----------- -----------
(DOLLARS IN THOUSANDS)
Public term debt with single
maturities............................. $ 3,456,675 $ 3,721,330 $ 3,825,000
Public medium-term notes with varying
maturities............................. 3,175,000 3,225,500 3,348,350
Capital lease obligations................ 463,362 669,576 810,768
Bank term debt........................... 2,072,562 1,295,038 --
----------- ----------- -----------
Total term debt, bank debt and
capital lease obligations..... 9,167,599 8,911,444 7,984,118
Commercial paper......................... 4,288,681 2,978,353 3,214,744
Less: Deferred debt discount............. (34,754) (28,001) (14,852)
----------- ----------- -----------
Debt financing and capital lease
obligations................... $13,421,526 $11,861,796 $11,184,010
=========== =========== ===========
Composite interest rate.................. 6.37% 6.14% 6.03%
Percentage of total debt at fixed rate... 68.65% 69.28% 64.20%
Composite interest rate on fixed debt.... 6.20% 6.06% 6.41%
Bank prime rate.......................... 9.50% 8.50% 7.75%
|
Public Debt
The interest on substantially all of the public debt (exclusive of the commercial paper) is fixed for the term of the note. As of December 31, 2000, the Company had an effective shelf registration statement with respect to $2.0 billion of debt securities, under which $925 million of notes were sold through December 31, 2000. Additionally, a $1,075 million Medium-Term Note program was implemented under the shelf registration statement, under which $1.0 billion was sold through December 31, 2000 and $1,075 million was sold through March 16, 2001. The Company's new shelf registration statement in the amount of $2.0 billion became effective on January 5, 2001, under which $800 million of notes have been sold as of March 16, 2001. In addition, a $750 million Medium-Term Note program was implemented on January 19, 2001 under which $200 million have been sold as of March 16, 2001. The Company has a Euro Medium Term Note Program for $2.0 billion, under which $771 million (E750 million) in notes were sold through December 31, 2000. The Company has hedged the foreign currency risk of the notes through operating lease payments or through swaps.
Capital Lease Obligations
The Company has Export Credit Lease financings which provide ten year, amortizing loans in the form of capital lease obligations. The interest rate on 62.5% of the original financing available is 6.55% and the interest rate on 22.5% of the original financing available is fixed at rates varying between 6.18% and 6.89%. These two tranches are guaranteed by various European Export Credit Agencies. The remaining 15% of the original financing available provides for LIBOR based pricing. This 15% tranche was prepaid in 2000.
Bank Term Debt
In January 1999, the Company entered into an Export Credit Facility, up to a maximum of $4.3 billion, for approximately 75 aircraft to be delivered from 1999 through 2001. The Company has the right, but is not required, to use the facility to fund 85% of each aircraft's purchase price. This facility is guaranteed by various European Export Credit Agencies. The interest rate varies from 5.753% to 5.898% on the first 75 aircraft depending on the delivery date of the aircraft. Through March 9, 2001, the Company borrowed $2.2 billion under this facility.
Commercial Paper
The Company currently has a $4.8 billion Commercial Paper Program. Under this program, the Company may borrow in minimum increments of $100,000 for a period from one day to 270 days. The weighted average interest rate of the Company's Commercial Paper Program was 6.63%, 5.87% and 5.30% at December 31, 2000, 1999 and 1998 respectively.
Bank Commitments
As of December 31, 2000, the Company had committed revolving loans and lines of credit with 48 commercial banks aggregating $3.2 billion and an uncommitted line of credit with one bank for $30.0 million. These revolving loans and lines of credit principally provide for interest rates that vary according to the pricing option in effect at the time of borrowing. Pricing options include prime, a range from .20% over LIBOR to .35% over LIBOR based upon utilization, or a rate determined by a competitive bid process with the banks. The revolving loans and lines of credit are subject to facility fees of up to .08% of amounts available. Such financing is used primarily as backup for the Company's Commercial Paper program. In November 2000, the Company replaced $1.5 billion of the committed revolving loans with a new 364 day facility for $1.8 billion at reduced pricing.
Other
In 1995, 1996 and 1997, the Company, through subsidiaries, entered into sale-leaseback transactions providing proceeds to the Company in the amounts of $413.0 million, $507.6 million and $601.9 million, respectively, each relating to seven aircraft. The transactions resulted in the sale and leaseback of these aircraft under one year operating leases, each with six one year extension options for a total of seven years for each aircraft. The Company has the option to either buy back the aircraft or redeliver the aircraft for a fee to the lessor at the end of any lease period. The lease rates equate to fixed principal amortization and floating interest payments based on LIBOR or commercial paper pricing. As of December 31, 2000, the Company had repurchased two aircraft which were sold to third parties.
The Company believes that the combination of internally generated funds and debt financing currently available to the Company will allow the Company to meet its capital requirements for at least the next 12 months.
In the normal course of business, the Company employs a variety of off-balance sheet financial instruments and other derivative products to manage its exposure to interest rates and the resulting impact of changes in interest rates on earnings, with the objective to lower its overall borrowing cost and to maintain its optimal mix of variable and fixed rate interest obligations. The Company only enters into derivative transactions to hedge interest rate risk and currency risk and not to speculate on interest rates or currency fluctuations. These derivative products include interest rate swap agreements, currency swap agreements, and interest rate floors.
The counterparty to the Company's derivative instruments is American International Group Financial Products ("AIGFP"), a related party with a "AAA" rating, on an arm's length basis. The derivatives are subject to a bilateral security agreement which, in certain circumstances, may allow one party to the agreement to require the second party to the agreement to establish a cash collateral account. It is management's belief that any failure of the instruments or counterparty to perform under the derivative contracts would have an immaterial impact on the Company's financial condition and results of operations.
RESULTS OF OPERATIONS
The increase in revenues from rentals of flight equipment from $1,854.0
million in 1998 to $2,080.6 million in 1999 to $2,301.4 million in 2000 is due
to the increase in the number of aircraft available for operating lease from 349
in 1998, to 357 in 1999 to 402 in 2000. The increase is also attributable to the
increase in the cost of the leased fleet, which includes aircraft subject to
sale-leaseback transactions from which rental income is earned, from $18.3
billion in 1998 and $19.7 billion in 1999 to $22.0 billion in 2000.
Additionally, the percentage of the number of widebodies, for which higher lease
payments are typically received, has increased from 30% to 33% to 35% of the
fleet in 1998, 1999 and 2000, respectively.
In addition to its leasing operations, the Company engages in the marketing of flight equipment at the end of, or during, the lease term, as well as the sales of flight equipment on a principal and commission basis. Revenue from such flight equipment marketing increased from $118.2 million in 1998 to $147.2 million in 1999 and decreased to $99.7 million in 2000 as a result of the type and the number of the flight equipment marketed in each period which fluctuated from 31 aircraft in 1998 to 51 aircraft in 1999 and to 20 in 2000. In addition, the Company sold 15 engines (1998), 13 engines (1999) and 7 engines (2000).
Interest expense fluctuated from $640.0 million in 1998, to $686.8 million in 1999 to $773.5 in 2000, as a result of an increase in debt outstanding, excluding the effect of debt discount, from $11.2 billion in 1998 to $11.9 billion in 1999 to $13.5 billion in 2000, to finance aircraft acquisitions, offset in part by lower composite borrowing rates during 1999 and increased by higher composite borrowing rates in 2000. The Company's composite borrowing rate fluctuated as follows:
December 31, 1997........................................... 6.44% March 31, 1998.............................................. 6.29 June 30, 1998............................................... 6.22 September 30, 1998.......................................... 6.18 December 31, 1998........................................... 6.03 March 31, 1999.............................................. 5.90 June 30, 1999............................................... 5.85 September 30, 1999.......................................... 6.03 December 31, 1999........................................... 6.14 March 31, 2000.............................................. 6.12 June 30, 2000............................................... 6.33 September 30, 2000.......................................... 6.38 December 31, 2000........................................... 6.37 |
Depreciation of flight equipment increased from $556.1 million in 1998 to $637.3 million in 1999 to $705.7 million in 2000 due to the increased cost of the fleet. The cost of flight equipment during the same periods increased from $16.9 billion at December 31, 1998 to $18.2 billion at December 31, 1999 to $20.5 billion in 2000.
Provisions for overhauls decreased from $102.5 million in 1998 to $94.5 million in 1999 and increased to $104.5 million in 2000 due to changes in the number of aircraft on which the Company collects overhaul revenue. A decrease or increase in the number of aircraft may result in a corresponding decrease or increase in the aggregate number of hours flown, for which overhaul reserves are provided.
Rent expense decreased from $138.4 million in 1998 to $130.0 million in 1999, due to a decrease in the number of sale-leaseback transactions, and increased to $141.0 million in 2000 due to an increase in the lease rates resulting from an increase in interest rates affecting the floating rate component of the lease rates, partially offset by amortization. The Company, through subsidiaries, has entered into sale-leaseback transactions relating to 21 aircraft. As of December, 2000, the Company had repurchased two of the aircraft, previously subject to Sale-lease back transactions, which were sold to third parties.
The effective tax rate increased from 34.3% in 1998 to 35.5% in 1999 and decreased to 33.6% in 2000.
NEW ACCOUNTING PRONOUNCEMENTS, ISSUED BUT NOT YET EFFECTIVE
On September 25, 2000, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards No. 138, Accounting for Derivative Instruments and Hedging Activities -- An
Amendment of FASB Statement No. 133. (SFAS 138). SFAS 138 is effective for all fiscal quarters of all fiscal years beginning after June 15, 2000 (January 1, 2001 for the Company). SFAS 133 requires that all derivative instruments be recorded on the balance sheet at their fair value. Changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and, if it is, the type of hedge transaction. In connection with the adoption of SFAS No. 133 on January 1, 2001, the Company recorded in its transition adjustment an increase in Net Income of approximately $15 million (net of taxes of approximately $8 million) and decreased Accumulated Other Comprehensive Income by approximately $20 million (net of taxes of approximately $11 million).
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Measuring potential losses in fair values has recently become the focus of risk management efforts by many companies. Such measurements are performed through the application of various statistical techniques. One such technique is Value at Risk (VaR), a summary statistical measure that uses historical interest rates, foreign currency exchange rates and equity prices to estimate the volatility and correlation of these rates and prices to calculate the maximum loss that could occur over a defined period of time given a certain probability.
The Company believes that statistical models alone do not provide a reliable method of monitoring and controlling market risk. While VaR models are relatively sophisticated, the quantitative market risk information generated is limited by the assumptions and parameters established in creating the related models. Therefore, such models are tools and do not substitute for the experience or judgment of senior management.
The Company is exposed to market risk and the risk of loss of fair value resulting from adverse fluctuations in interest rates and foreign exchange prices. As of December 31, 2000 and 1999, the Company statistically measured the loss of fair value through the application of a VaR model. In this analysis the net fair value of the Company was determined using financial instrument assets. This included tax adjusted future flight equipment lease revenues, aircraft residual values at maturity of the lease contracts and financial instrument liabilities, which included future servicing of current debt. The impact of current derivative positions was also taken into account.
The Company calculated the VaR with respect to the net fair value by using historical scenarios. This methodology entails re-pricing all assets and liabilities under explicit changes in market rates within a specific historical time period. In this case, the most recent two and three years of historical information for interest rates and foreign exchange rates were used to construct the historical scenarios at December 31, 1999 and 2000 respectively. For each scenario, each financial instrument is re-priced. Scenario values for the Company are then calculated by netting the values of all the underlying assets and liabilities. The final VaR number represents the maximum adverse deviation in fair market value incurred by these scenarios with 95% confidence (i.e. only 5% of historical scenarios show losses greater than the VaR figure). A one month holding period is assumed in computing the VaR figure. As December 31, 1999 and December 31, 2000, the VaR for the Company with respect to its fair value was $50 million and $11 million, respectively.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The response to this Item is submitted as a separate section of this report.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a)(1) and (2): Financial Statements and Financial Statement Schedule: The response to this portion of Item 14 is submitted as a separate section of this report beginning on page 15.
(a)(3) and (c): Exhibits: The response to this portion of Item 14 is submitted as a separate section of this report beginning on page 15.
(b) Reports on Form 8-K: Current Report on Form 8-K:
Form 8-K, event date November 1, 2000 (Item 7)
Form 8-K, event date January 10, 2001 (Item 7)
Form 8-K, event date January 19, 2001 (Item 7)
Form 8-K, event date January 19, 2001 (Item 7)
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
FORM 10-K
ITEMS 8, 14(a), AND 14(c)
INDEX OF CONSOLIDATED FINANCIAL STATEMENTS AND SCHEDULE
The following consolidated financial statements of the Company and its subsidiaries required to be included in Item 8 are listed below:
PAGE
----
Report of Independent Accountants........................... 18
Consolidated Financial Statements:
Balance Sheets at December 31, 2000 and 1999.............. 19
Statements of Income for the years ended December 31,
2000, 1999 and 1998.................................... 20
Statements of Shareholders' Equity for the years ended
December 31, 2000, 1999 and 1998....................... 21
Statements of Cash Flows for the years ended December 31,
2000, 1999 and 1998.................................... 22
Notes to Consolidated Financial Statements................ 24
|
The following financial statement schedule of the Company and its subsidiaries is included in Item 14(a)(2):
SCHEDULE NUMBER DESCRIPTION PAGE
--------------- ----------- ----
II Valuation and Qualifying Accounts........................... 38
|
All other financial statements and schedules not listed have been omitted since the required information is included in the consolidated financial statements or the notes thereto, or is not applicable or required.
The following exhibits of the Company and its subsidiaries are included in Item 14(c):
EXHIBIT
NUMBER DESCRIPTION
------- -----------
3.1 Restated Articles of Incorporation of the Company, as
amended through December 9, 1992, filed November 3, 1993
(filed as an exhibit to Registration Statement No. 33-50913
and incorporated herein by reference).
3.2 Certificate of Determination of Preferences of Series C
Market Auction Preferred Stock (filed as an exhibit to Form
10-K for the year ended December 31, 1994 and incorporated
herein by reference).
3.3 Certificate of Determination of Preferences of Series D
Market Auction Preferred Stock (filed as an exhibit to Form
10-K for the year ended December 31, 1994 and incorporated
herein by reference).
3.4 Certificate of Determination of Preferences of Series E
Market Auction Preferred Stock (filed as an exhibit to Form
10-K for the year ended December 31, 1994 and incorporated
herein by reference).
3.5 Certificate of Determination of Preferences of Series F
Market Auction Preferred Stock (filed as an exhibit to Form
10-K for the year ended December 31, 1994 and incorporated
herein by reference).
3.6 Certificate of Determination of Preferences of Series G
Market Auction Preferred Stock (filed as an exhibit to Form
10-K for the year ended December 31, 1995 and incorporated
herein by reference).
3.7 Certificate of Determination of Preferences of Series H
Market Auction Preferred Stock (filed as an exhibit to Form
10-K for the year ended December 31, 1995 and incorporated
herein by reference).
3.8 By-Laws of the Company, including amendment thereto dated
August 31, 1990 (filed as an exhibit to Registration
Statement No. 33-37600 and incorporated herein by
reference).
|
EXHIBIT
NUMBER DESCRIPTION
------- -----------
4.1 Indenture dated as of November 1, 1991, between the Company
and U.S. Bank Trust National Association (successor to
Continental Bank, National Association), as Trustee (filed
as an exhibit to Registration Statement No. 33-43698 and
incorporated herein by reference).
4.2 First supplemental indenture, dated as of November 1, 2000,
to the Indenture between the Company and U.S. Bank Trust
National Association.
4.3 Indenture dated as of November 1, 2000, between the Company
and the Bank of New York, as Trustee (filed as an exhibit to
Registration No. 33-49566 and incorporated herein by
reference).
4.4 The Company agrees to furnish to the Commission upon request
a copy of each instrument with respect to issues of
long-term debt of the Company and its subsidiaries, the
authorized principal amount of which does not exceed 10% of
the consolidated assets of the Company and its subsidiaries.
10.1 Revolving Credit Agreement, dated as of January 17, 1997,
among the Company, Citicorp USA, Inc as successor to Union
Bank of Switzerland, New York Branch, and the other banks
listed therein providing up to $1,250,000,000 (five year
facility) (filed as an exhibit to Form 10-K for the year
ended March 31, 1996 and incorporated herein by reference).
10.2 Revolving Credit Agreement, dated as of November 17, 1999
among the Company, Citicorp USA, Inc. and other banks listed
therein (364 day facility) (filed as an exhibit to Form 10-K
for the year ended December 31, 1999 and incorporated herein
by reference).
10.3 Amendment to Revolving Credit Agreement, dated as of
November 15, 2000, among the Company, Citicorp USA, Inc.,
and the other banks listed therein providing up to
$1,800,000,000 (364 day facility).
10.4 Aircraft Facility Agreement, dated as of January 19, 1999,
among the Company, Halifax PLC and the other banks listed
therein providing up to $4,327,260,000 for the financing of
approximately seventy-five Airbus aircraft (filed as an
exhibit to Form 10-K for the year ended December 31, 1998
and incorporated herein by reference).
10.5 Boeing Purchase Agreement No. 2241 and related letter
agreements, all dated July 30, 1999, between the Company and
the Boeing Company (filed as an exhibit to Form 10-Q for the
quarter ended September 30, 1999) (confidential treatment
granted).
10.6 Supplemental Agreement #5, dated December 29, 2000, to the
Boeing Purchase Agreement No. 2241 between the Company and
the Boeing Company (confidential treatment requested).
12 Computation of Ratio of Earnings to Fixed Charges and
Preferred Stock Dividends.
23 Consent of PricewaterhouseCoopers LLP, dated March 15, 2001.
|
REPORT OF INDEPENDENT ACCOUNTANTS
To The Shareholder and Board of Directors
International Lease Finance Corporation
Los Angeles, California
In our opinion, the consolidated financial statements listed in the accompanying index appearing under Items 14(a)(1) and (2) on page 15 present fairly, in all material respects, the financial position of International Lease Finance Corporation and its subsidiaries (the "Company") at December 31, 2000 and December 31, 1999, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2000 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule listed in the accompanying index presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial statements and the financial statement schedule are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements and the financial statement schedule based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Los Angeles, California
February 16, 2001
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
ASSETS
DECEMBER 31,
--------------------------
2000 1999
----------- -----------
Cash, including interest bearing accounts of
$130,576 (2000) and $112,372 (1999)....................... $ 134,653 $ 123,109
Current income taxes........................................ 58,990 --
Notes receivable............................................ 296,063 270,436
Net investment in finance leases............................ 114,062 56,555
Flight equipment under operating leases..................... 20,534,304 18,246,253
Less accumulated depreciation............................. 2,655,915 2,150,200
----------- -----------
17,878,389 16,096,053
Deposits on flight equipment purchases...................... 1,058,182 848,730
Accrued interest, other receivables and other assets........ 93,719 77,825
Investments................................................. 45,086 6,067
Deferred debt issue costs -- less accumulated amortization
of $60,613 (2000) and $70,375 (1999)...................... 22,334 28,349
----------- -----------
$19,701,478 $17,507,124
=========== ===========
LIABILITIES AND SHAREHOLDERS' EQUITY
Accrued interest and other payables......................... $ 249,179 $ 280,933
Current income taxes........................................ -- 14,370
Debt financing, net of deferred debt discount of
$34,754 (2000) and $28,001 (1999)......................... 12,958,164 11,192,220
Capital lease obligations................................... 463,362 669,576
Security and other deposits on flight equipment............. 905,414 801,313
Rentals received in advance................................. 129,152 110,435
Deferred income taxes....................................... 1,532,428 1,228,085
Commitments and contingencies -- Note K
SHAREHOLDERS' EQUITY
Preferred stock -- no par value; 20,000,000
authorized shares
Market Auction Preferred Stock, $100,000 per share
liquidation value; Series A, B, C, D, E, F, G and H
(2000 and 1999), each having
500 shares issued and outstanding...................... 400,000 400,000
Common stock -- no par value; 100,000,000 authorized
shares, 35,818,122 shares (2000 and 1999) issued and
outstanding............................................ 3,582 3,582
Paid-in capital........................................... 579,955 579,955
Accumulated other comprehensive income.................... 9,256 --
Retained earnings......................................... 2,470,986 2,226,655
----------- -----------
3,463,779 3,210,192
----------- -----------
$19,701,478 $17,507,124
=========== ===========
|
See accompanying notes.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(DOLLARS IN THOUSANDS)
YEARS ENDED DECEMBER 31,
------------------------------------
2000 1999 1998
---------- ---------- ----------
Revenues:
Rental of flight equipment............................... $2,301,440 $2,080,555 $1,853,983
Flight equipment marketing............................... 99,716 147,216 118,183
Interest and other....................................... 77,589 72,317 73,500
---------- ---------- ----------
2,478,745 2,300,088 2,045,666
Expenses:
Interest................................................. 773,539 686,767 639,964
Depreciation of flight equipment......................... 705,715 637,256 556,082
Provision for overhaul................................... 104,486 94,535 102,508
Flight equipment rent.................................... 140,956 130,026 138,392
Selling, general and administrative...................... 47,856 48,099 46,446
---------- ---------- ----------
1,772,552 1,596,683 1,483,392
---------- ---------- ----------
INCOME BEFORE INCOME TAXES............................ 706,193 703,405 562,274
Provision for income taxes................................. 237,292 249,958 192,922
---------- ---------- ----------
NET INCOME............................................ $ 468,901 $ 453,447 $ 369,352
========== ========== ==========
|
See accompanying notes.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(DOLLARS IN THOUSANDS, EXCEPT SHARE AMOUNTS)
ACCUMULATED
OTHER
COMPREHENSIVE
MARKET AUCTION INCOME
PREFERRED STOCK COMMON STOCK -------------
-------------------- ------------------ FOREIGN
NUMBER OF NUMBER OF PAID-IN CURRENCY RETAINED
SHARES AMOUNT SHARES AMOUNT CAPITAL TRANSLATION EARNINGS TOTAL
--------- -------- ---------- ------ -------- ------------- ---------- ----------
Balance at December 31, 1997...... 4,000 $400,000 35,818,122 $3,582 $579,955 $1,533,651 $2,517,188
Dividends to AIG................ (25,200) (25,200)
Preferred stock dividends....... (16,965) (16,965)
Net income...................... 369,352 369,352
----- -------- ---------- ------ -------- ------ ---------- ----------
Balance at December 31, 1998...... 4,000 $400,000 35,818,122 $3,582 $579,955 $1,860,838 $2,844,375
Dividends to AIG................ (69,500) (69,500)
Preferred stock dividends....... (18,130) (18,130)
Net income...................... 453,447 453,447
----- -------- ---------- ------ -------- ------ ---------- ----------
Balance at December 31, 1999...... 4,000 $400,000 35,818,122 $3,582 $579,955 $2,226,655 $3,210,192
Dividends to AIG................ (206,000) (206,000)
Preferred stock dividends....... (18,570) (18,570)
Comprehensive Income:
Net income...................... 468,901 468,901
Other comprehensive income:
Foreign Currency Translation
Adjustment (net of tax of
$5,399)..................... $9,256 9,256
----------
Comprehensive Income.............. $ 478,157
----- -------- ---------- ------ -------- ------ ---------- ----------
Balance at December 31, 2000...... 4,000 $400,000 35,818,122 $3,582 $579,955 $9,256 $2,470,986 $3,463,779
===== ======== ========== ====== ======== ====== ========== ==========
|
See accompanying notes.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(DOLLARS IN THOUSANDS)
YEARS ENDED DECEMBER 31,
---------------------------------------
2000 1999 1998
----------- ----------- -----------
OPERATING ACTIVITIES:
Net income................................................ $ 468,901 $ 453,447 $ 369,352
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation of flight equipment........................ 705,715 637,256 556,082
Deferred income taxes................................... 298,944 95,398 205,666
Amortization of deferred debt issue costs............... 9,762 8,260 10,242
Gain on sale of flight equipment included in amount
financed.............................................. -- (7,631) (10,747)
Increase in notes receivable............................ (76,237) (67,867) (18,591)
Equity in net (income) loss of affiliates............... 2,827 705 (1,165)
Change in unamortized debt discount..................... (6,753) (13,148) (6,428)
Changes in operating assets and liabilities:
Increase in accrued interest, other receivables and
other assets.......................................... (15,894) (21,521) (338)
(Decrease) increase in accrued interest and other
payables.............................................. (36,025) 45,887 20,940
(Increase) decrease in current income taxes
receivable............................................ (73,360) 30,377 (80,898)
Increase (decrease) in rentals received in advance...... 18,717 (9,247) (9,904)
----------- ----------- -----------
Net cash provided by operating activities................... 1,296,597 1,151,916 1,034,211
----------- ----------- -----------
INVESTING ACTIVITIES:
Acquisition of flight equipment for operating leases...... (2,990,287) (3,446,630) (3,274,247)
Acquisition of flight equipment for finance leases........ (81,770) -- --
(Increase) decrease in deposits and progress payments..... (209,452) 57,466 111,431
Proceeds from disposal of flight equipment -- net of
gain.................................................... 543,665 1,486,893 587,882
Advances on notes receivable.............................. (20,702) -- (7,000)
Collections on notes receivable........................... 52,884 248,713 214,067
Collections on finance and sales-type leases (net of
income amortized)....................................... 5,533 33,350 8,122
Increase in investments................................... (42,286) -- --
Dividend from unconsolidated subsidiary................... 440 5,000 8,125
----------- ----------- -----------
Net cash used in investing activities....................... (2,741,975) (1,615,208) (2,351,620)
----------- ----------- -----------
FINANCING ACTIVITIES:
Proceeds from debt financing.............................. 8,979,201 6,855,019 5,772,791
Payments in reduction of debt financing and capital lease
obligations............................................. (7,398,063) (6,164,085) (4,536,715)
Debt issue costs.......................................... (3,747) (7,107) (6,565)
Payment of common and preferred dividends................. (224,570) (87,630) (42,165)
Increase (decrease) in customer deposits.................. 104,101 (62,519) 119,032
----------- ----------- -----------
Net cash provided by financing activities................... 1,456,922 533,678 1,306,378
----------- ----------- -----------
Net increase (decrease) in cash............................. 11,544 70,386 (11,031)
Cash at beginning of year................................... 123,109 52,723 63,754
----------- ----------- -----------
Cash at end of year..................................... $ 134,653 $ 123,109 $ 52,723
=========== =========== ===========
(Table continued on next page)
|
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(DOLLARS IN THOUSANDS)
YEARS ENDED DECEMBER 31,
---------------------------------------
2000 1999 1998
----------- ----------- -----------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
Interest (net of amount capitalized $50,019 (2000),
$45,235 (1999), and $54,297 (1998).................... $ 720,966 $ 649,975 $ 628,819
Income taxes (net)...................................... 11,709 124,183 68,154
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING
ACTIVITIES:
2000
Two aircraft were received in exchange for notes receivable and other assets in the amount of
$41,429.
1999
Notes in the amount of $110,940 were received as partial payment in exchange for flight equipment
sold with a book value of $103,308.
1998
Notes and finance and sales-type leases in the amount of $107,155 were received as partial
payment in exchange for flight equipment sold with a book value of $96,407.
Flight equipment was received in exchange for notes receivable in the amount of $46,023.
|
See accompanying notes.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(DOLLARS IN THOUSANDS)
NOTE A -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization: International Lease Finance Corporation (the "Company") is primarily engaged in the acquisition of new and used commercial jet aircraft and the leasing of those aircraft to airlines throughout the world. In addition to its leasing activities, the Company regularly sells aircraft from its leased aircraft fleet and aircraft owned by others to third party lessors and airlines and in some cases provides fleet management services to these buyers. The Company, in terms of the number and value of transactions concluded, is a major owner-lessor of commercial jet aircraft.
Parent Company: International Lease Finance Corporation (the "Company") is an indirect wholly owned subsidiary of American International Group, Inc. ("AIG"). AIG is a holding company which through its subsidiaries is primarily engaged in a broad range of insurance and insurance-related activities and financial services in the United States and abroad.
Principles of Consolidation: The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. Investments of less than 20% in other entities are carried at cost. Investments of between 20% and 50% in other entities are carried under the equity method. All significant intercompany balances and transactions have been eliminated in consolidation.
Intercompany Allocations: The Company is party to cost sharing agreements with AIG. Generally, these agreements provide for the allocation of costs upon either a specific identification basis or a proportional cost allocation basis. The charges aggregated $1,213 (2000), $2,896 (1999) and $3,828 (1998).
Rentals: The Company, as lessor, leases flight equipment principally under operating leases. Accordingly, income is reported over the life of the lease as rentals become receivable under the provisions of the lease or, in the case of leases with varying payments, under the straight-line method over the noncancelable term of the lease. In certain cases, leases provide for additional rentals based on usage.
Flight Equipment Marketing: The Company is a marketer of flight equipment. Marketing revenues include all revenues from such operations consisting of net gains on sales of flight equipment and commissions. The Company recognizes marketing revenue when flight equipment is sold and the risk of ownership of the equipment is passed.
Cash: Cash includes cash on hand, time deposits and cash held in trust for Internal Revenue Code Section 1031 exchanges.
Flight Equipment: Flight equipment is stated at cost. Major additions and modifications are capitalized. Normal maintenance and repairs; airframe and engine overhauls; and compliance with return conditions of flight equipment on lease are provided by and paid for by the lessee. Under the provisions of many leases, for certain airframe and engine overhauls, the lessee is reimbursed for costs incurred up to, but not exceeding, related hourly rentals paid to the Company by the lessee. Such rentals are included in the caption Rental of Flight Equipment. The Company provides a charge to operations for such reimbursements based on the estimated reimbursements during the life of the lease, which amount is included in overhaul reserves.
Generally, all aircraft, including aircraft acquired under capital leases, are depreciated using the straight-line method over a 25 year life from the date of manufacture to a 15% residual value.
At the time assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the related accounts and the difference, net of proceeds, is recorded as a gain or loss.
The Company regularly reviews its flight equipment to determine that its carrying value is not impaired.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE A -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Capitalized Interest: The Company borrows certain funds to finance progress payments for the construction of flight equipment ordered. The interest incurred on such borrowings is capitalized and included in the cost of the equipment.
Deferred Debt Issue Costs: Deferred debt issue costs incurred in connection with debt financing are amortized over the life of the debt using the interest rate method and are charged to interest expense.
Financial Instruments: When swap agreements are effective in modifying the terms of actual debt agreements, such swaps are accounted for by the accrual method. Periodic payments as well as the amortization (by a level yield method) of the initial value are treated as adjustments to interest expense of the related debt.
Other Comprehensive Income: The Company reports comprehensive income in accordance with SFAS No. 130, "Reporting Comprehensive Income." Liabilities denominated in a foreign currency and not hedged are translated into US dollars using the current exchange rate and reported in shareholders' equity as Accumulated Other Comprehensive Income.
Income Taxes: The Company and its U.S. subsidiaries are included in the consolidated federal income tax return and the combined California unitary tax return of AIG. The provision for income taxes is calculated on a separate return basis. Income tax payments are made pursuant to a tax payment allocation agreement whereby AIG credits or charges the Company for the corresponding increase or decrease (not to exceed the separate return basis calculation) in AIG's current taxes resulting from the inclusion of the Company in AIG's consolidated tax return. Intercompany payments are made when such taxes are due or tax benefits are realized by AIG.
The deferred tax liability is determined based on the difference between the financial statement and tax basis of assets and liabilities and is measured at the enacted tax rates that will be in effect when these differences reverse. Deferred tax expense is determined by the change in the liability for deferred taxes ("Liability Method").
Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Reclassifications: Certain amounts have been reclassified in the 1998 and 1999 financial statements to conform to the Company's 2000 presentation.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE B -- NOTES RECEIVABLE
Notes receivable are primarily from the sale of and collaterized by flight equipment and are summarized as follows:
2000 1999
-------- --------
Fixed rate notes receivable due in varying
installments to 2011:
6% to 7.99%...................................... $199,028 $209,255
8% to 9.99%...................................... 50,387 32,135
10% to 12.99%.................................... 2,240 6,902
13% to 15%....................................... 5,763 4,221
LIBOR plus 1.1% to LIBOR plus 1.5% due in varying
installments to 2002............................. 38,645 17,923
-------- --------
$296,063 $270,436
======== ========
|
Included above, the Company had notes receivable of $57,615 (2000) and $12,585 (1999) representing restructured lease payments.
At December 31, 2000, the minimum future notes receivable payments to be received are as follows:
2001................................................... $136,296
2002................................................... 33,155
2003................................................... 22,246
2004................................................... 31,009
2005................................................... 13,044
Thereafter............................................. 60,313
--------
$296,063
========
|
In 1998 and prior years, the Company sold notes receivable with certain
limited recourse provisions to a related party of the Company. The notes sold in
1998 aggregated $68,694 and were sold at face value including accrued interest.
The Company continues to collect payments on the notes, transfers the payments
to the related party and receives a servicing fee. The Company recorded no gain
or loss on the sale. The Company recorded servicing fee income of $25 (2000) $50
(1999), and $1 (1998) related to the notes sold. The Company has no exposure
under recourse provisions at December 31, 2000. During 2000 the Company
repurchased one note and during 1999 the Company repurchased two notes sold in
1998. The notes were not repurchased under the recourse provisions.
NOTE C -- NET INVESTMENT IN FINANCE LEASES
The following lists the components of the net investment in finance leases:
2000 1999
-------- --------
Total minimum lease payments to be received............ $164,771 $ 69,675
Estimated residual values of leased flight equipment... 34,214 7,070
Less: Unearned income.................................. (84,923) (20,190)
-------- --------
Net investment in finance and sales-type leases........ $114,062 $ 56,555
======== ========
|
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE C -- NET INVESTMENT IN FINANCE LEASES (CONTINUED)
Minimum future lease payments to be received on finance leases at December
31, 2000 are as follows:
2001................................................... $ 17,069
2002................................................... 17,088
2003................................................... 17,471
2004................................................... 16,019
2005................................................... 9,599
Thereafter............................................. 87,525
--------
Total minimum lease payments to be received............ $164,771
========
|
NOTE D -- INVESTMENTS
Investments consist of the following:
2000 1999
------------------ -----------------
PERCENT PERCENT
OWNED AMOUNT OWNED AMOUNT
------- ------- ------- ------
Cost method:
Air Liberte(a)....................... $ 689 $4,792
Air New Zealand...................... .9% 7,286
American Trans Air................... 30,000
Others............................... 1,169 1,167
Equity method:
Pacific Ocean Leasing Ltd............ 50.0% 109 50.0% 127
Pacific Asia Leasing Ltd............. 25.0% 7 25.0% (19)
ILTU Ireland......................... 50.0% 5,826
------- ------
$45,086 $6,067
======= ======
|
(a) During 1997, Air Liberte was acquired by British Airways. As a result of the acquisition, ILFC's percentage ownership will be reduced. ILFC's percentage ownership is not yet determinable. The Company has reserved a portion of the investment balance awaiting final determination.
In 2000, the Company invested $7,286 in common stock of Air New Zealand and $30,000 in American Trans Air ("ATA") non-voting preferred stock.
The Company has a 50% interest in Pacific Ocean Leasing Ltd. ("POL"), a Bermuda corporation. POL owned one Boeing 767-200 aircraft and one spare engine, both of which were on lease to an airline. The aircraft and spare engine were sold in January 1999. POL owns an inventory of spare parts. The Company received a dividend of $5,000 in 1999.
The Company has a 25% interest in Pacific Asia Leasing Ltd. ("PAL"), a Bermuda corporation. PAL owned one Boeing 767-300ER aircraft on lease to an airline and has been sold. As a result, as of December 31, 2000 PAL has entered into liquidation processings. The Company had received a partial liquidating dividend in the amount of $440 as of December 31, 2000.
In 2000, the Company invested $5,000 for a 50% interest in ILTU Ireland ("ILTU"), an Irish corporation. ILTU presently owns one Boeing 767-300 on lease to an airline. The Company has guaranteed a bank loan to ILTU (see Note K).
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE E -- DEBT FINANCING AND CAPITAL LEASE OBLIGATIONS
Debt financing and capital lease obligations are comprised of the following:
2000 1999
----------- -----------
Commercial Paper.................................. $ 4,288,681 $ 2,978,353
Public Term Debt with Single Maturities........... 3,456,675 3,721,330
Public Medium-Term Notes with Varying
Maturities...................................... 3,175,000 3,225,500
Bank Term Debt.................................... 2,072,562 1,295,038
Capital Lease Obligations......................... 463,362 669,576
Less: Deferred debt discount...................... (34,754) (28,001)
----------- -----------
$13,421,526 $11,861,796
=========== ===========
|
The interest on substantially all of the public debt (exclusive of the commercial paper) is fixed for the term of the note.
Commercial Paper
The Company has a $4.8 billion Commercial Paper Program. Under this program, the Company may borrow in minimum increments of $100 for a period from one day to 270 days. The weighted average interest rate of the Company's Commercial Paper Program was 6.63% and 5.87% at December 31, 2000 and 1999 respectively.
Bank Commitments
As of December 31, 2000, the Company had committed revolving loans and lines of credit with 48 commercial banks aggregating $3.2 billion and an uncommitted line of credit with one bank for $30.0 million. These revolving loans and lines of credit principally provide for interest rates that vary according to the pricing option in effect at the time of borrowing. Pricing options include prime, a range from .20% over LIBOR to .35% over LIBOR based upon utilization, or a rate determined by a competitive bid process with the banks. The revolving loans and lines of credit are subject to facility fees of up to .08% of amounts available. Such financing is used primarily as backup for the Company's Commercial Paper program. In November 2000, the Company replaced $1.5 billion of the committed revolving loans with a new 364 day facility for $1.8 billion at reduced pricing. The Company had not drawn any funds under its committed revolving loans and lines of credit at December 31, 2000 and 1999, respectively.
Public Debt
As of December 31, 2000 the Company had an effective shelf registration statement with respect to $2.0 billion in debt securities, under which $925 million of notes were sold through December 31, 2000. Additionally, a $1,075 million Medium-Term Note program was implemented under the shelf registration statement, under which $1.0 billion was sold through December 31, 2000.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE E -- DEBT FINANCING AND CAPITAL LEASE OBLIGATIONS (CONTINUED)
Public Term Debt
The Company has issued the following Notes which provide for a single principal payment at maturity and cannot be redeemed prior to maturity:
INITIAL
TERM 2000 1999
-------- ---------- ----------
8 1/4% Notes due January 15, 2000........................... 5 years -- $ 100,000
6 3/8% Notes due January 18, 2000........................... 3 years -- 200,000
6.65% Notes due April 1, 2000............................... 3 years -- 100,000
6.20% Notes due May 1, 2000................................. 7 years -- 100,000
7% Notes due May 15, 2000................................... 5 years -- 100,000
6 5/8% Notes due June 1, 2000............................... 3 years -- 100,000
6 5/8% Notes due August 15, 2000............................ 4 years -- 100,000
6 1/4% Notes due October 15, 2000........................... 5 years -- 100,000
Floating Rate Notes due February 1, 2001 (swapped to
6.53%).................................................... 4 years $ 100,000 100,000
8 7/8% Notes due April 15, 2001............................. 10 years 150,000 150,000
5 7/8% Notes due January 15, 2001........................... 3 years 200,000 200,000
6 7/8% Notes due May 1, 2001................................ 4 years 100,000 100,000
5.95% Notes due June 1, 2001................................ 3 years 100,000 100,000
6 1/2% Notes due July 1, 2001............................... 4 years 100,000 100,000
5 7/8% Notes due July 1, 2001............................... 3 years 125,000 125,000
6 3/8% Notes due August 1, 2001............................. 4 years 100,000 100,000
6 1/2% Notes due October 15, 2001........................... 5 years 100,000 100,000
6 3/8% Notes due February 15, 2002.......................... 5 years 100,000 100,000
5.90% Notes due April 15, 2002.............................. 4 years 100,000 100,000
5 5/8% Notes due April 15, 2002............................. 3 years 100,000 100,000
5 5/8% Notes due May 1, 2002................................ 3 years 175,000 175,000
6.00% Notes due May 15, 2002................................ 4 years 100,000 100,000
6 3/8% Notes due August 1, 2002............................. 5 years 100,000 100,000
5 3/4% Notes due January 15, 2003........................... 5 years 100,000 100,000
6.00% Notes due June 15, 2003............................... 5 years 100,000 100,000
8 3/8% Notes due December 15, 2004.......................... 10 years 100,000 100,000
Floating Rate Notes due June 3, 2002 (swapped to 7.195%).... 2 years 250,000 --
6.75% Notes due October 1, 2002............................. 2 years 150,000 --
6.75% Notes due November 3, 2003............................ 3 years 250,000 --
Euro Denominated Medium Term Notes
3.625% Notes due July 1, 2002 (swapped to US$ at 5.80%)..... 3 years 207,880 207,880
4.125% Notes due July 12, 2004 (partially swapped to
6.375%)................................................... 5 years 548,795 563,450
---------- ----------
$3,456,675 $3,721,330
========== ==========
|
The Company has a Euro Medium-Term Note Program for $2.0 billion, under which $771 million (E750 million) in Notes were sold through December 31, 2000. The Company has hedged the notes through operating lease payments or through swaps to transfer the currency exposure to third parties.
Public Medium-Term Notes
At December 31, 2000 the Company's Medium-Term Notes bear interest at rates varying between 5.20% and 8.55%, with maturities from 2001 through 2005. The Medium-Term Notes provide for a single principal payment at the maturity of the respective note and cannot be redeemed by the Company prior to maturity.
Bank Term Debt
In January 1999, the Company entered into an Export Credit Facility for up to a maximum of $4.3 billion, for approximately 75 aircraft to be delivered from 1999 through 2001. The Company has the right,
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE E -- DEBT FINANCING AND CAPITAL LEASE OBLIGATIONS (CONTINUED)
but is not required, to use the facility to fund 85% of each aircraft's purchase price. This facility is guaranteed by various European Export Credit Agencies. The interest rate varies from 5.753% to 5.898% depending on the delivery date of the aircraft. Through December 31, 2000 the Company had borrowed $2.1 billion under this facility.
See Note L -- Financial Instruments.
Capital Lease Obligations
The Company's Capital Lease Obligations provide 10 year, fully amortizing debt in three interest rate tranches. The first 62.5% of the original debt is at a fixed rate of 6.55%. The second 22.5% of the original debt is at fixed rates varying between 6.18% and 6.89%. These two tranches are guaranteed by various European Export Credit Agencies. The remaining 15% of the original debt is at a floating LIBOR based rate. The LIBOR based tranche was prepaid in 2000. The remaining debt matures through 2005. The flight equipment associated with the obligations, and included in flight equipment under operating leases in the balance sheet, had a net book value of $1,006,271 (2000) and $1,049,447 (1999).
The following is a schedule by years of future minimum lease payments under capitalized leases together with the present value of the net minimum lease payments as of December 31, 2000:
2001...................................................... $127,256
2002...................................................... 127,256
2003...................................................... 127,256
2004...................................................... 113,179
2005...................................................... 45,136
--------
Total minimum lease payments.............................. 540,083
Less amount representing interest......................... 76,721
--------
Present value of net minimum lease payments............... $463,362
========
|
Maturities of debt financing and capital lease obligations (excluding commercial paper, deferred debt discount and foreign currency translation adjustment in the amount of $14,655) at December 31, 2000 are as follows:
2001..................................................... $2,619,093
2002..................................................... 2,945,067
2003..................................................... 1,275,266
2004..................................................... 1,117,665
2005..................................................... 297,704
Thereafter............................................... 927,459
----------
$9,182,254
==========
|
Under the most restrictive provisions of the related borrowings, consolidated retained earnings at December 31, 2000, in the amount of $741,437, are unrestricted as to payment of dividends based on consolidated tangible net worth requirements.
The Company has entered into various debt and derivative transactions with AIGFP, a related party broker-dealer (See Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations."). The Company executed $1,418,200 and $775,480 notional amount of derivative instruments with the related party during 2000 and 1999, respectively.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE F -- SHAREHOLDERS' EQUITY
Preferred Stock
The Market Auction Preferred Stock (MAPS) have a liquidation value of $100 per share and are not convertible. The dividend rate, other than the initial rate, for each dividend period for each series is reset approximately every 7 weeks (49 days) on the basis of orders placed in an auction. At December 31, 2000, the dividend rates for Series A through H ranged from 4.98% to 5.25%.
Other Comprehensive Income
The Other Comprehensive Income consists of foreign currency translation of liabilities denominated in a foreign currency and not hedged. The debt was translated into US dollars using the current exchange rate.
Stock Appreciation Rights
Stock Appreciation Rights ("SARs") were granted to certain employees of the Company during 1990. The SARs granted generally vest over a ten year period from the effective date and are exercisable immediately upon vesting. SARs initially have no value but can gain a cash value based upon the difference between a Benchmark Price and a Formula Price (based on adjusted pre-tax cash flow of the Company), but not in excess of an aggregate of $150,000, to be accrued and paid over the period of the plan. The SAR plan became effective on January 1, 1991. No value had been earned or accrued under the SAR plan as of January 1, 2001 when the plan expired.
NOTE G -- RENTAL INCOME
Minimum future rentals on noncancelable operating leases and subleases of flight equipment which have been delivered at December 31, 2000 are as follows:
YEAR ENDED
----------
2001.................................................... $ 1,874,789
2002.................................................... 1,666,510
2003.................................................... 1,424,757
2004.................................................... 1,223,794
2005.................................................... 923,473
Thereafter.............................................. 3,019,389
-----------
$10,132,712
===========
|
Additional rentals earned by the Company based on the lessees' usage aggregated $222,579 (2000), $202,976 (1999), and $202,425 (1998). Flight equipment is leased, under operating leases, with remaining terms ranging from one to 14 years.
NOTE H -- RENTAL EXPENSE
During 1995, 1996 and 1997, the Company entered into sale-leaseback transactions providing proceeds to the Company in the amounts of $412,626, $507,600 and $601,860, respectively, relating to seven aircraft for each transaction. The transactions resulted in the sale and leaseback of these aircraft under one year operating leases, each with six one year extension options. The existing one year leases mature on December 22, 2001, September 20, 2001 and September 12, 2001, respectively. One aircraft was repurchased in each of 1997 and 1999. The lease rates equate to fixed principal amortization and floating interest payments based on LIBOR or commercial paper pricing.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE H -- RENTAL EXPENSE (CONTINUED)
Minimum future rental expense for 2001 is $102,052 at December 31, 2000.
NOTE I -- INCOME TAXES
The provision (benefit) for income taxes is comprised of the following:
2000 1999 1998
-------- -------- --------
Current:
Federal(a)........................................... $(49,989) $141,585 $(10,033)
State................................................ (10,871) 12,013 (2,938)
Foreign.............................................. (791) 961 227
-------- -------- --------
(61,651) 154,559 (12,744)
Deferred:
Federal.............................................. 278,614 87,865 191,633
State................................................ 20,329 7,534 14,033
-------- -------- --------
298,943 95,399 205,666
-------- -------- --------
$237,292 $249,958 $192,922
======== ======== ========
|
The provision for deferred income taxes is comprised of the following temporary differences:
2000 1999 1998
-------- -------- --------
Accelerated depreciation on flight equipment........... $294,334 $ 72,577 $194,352
Excess of state income taxes not currently deductible
for Federal income tax purposes...................... (3,045) (6,213) (3,015)
Tax versus book lease differences...................... 22,416 17,721 23,341
Provision for overhauls................................ (6,871) 6,394 (15,616)
Rentals received in advance............................ (5,186) 4,027 3,464
Straight line rents.................................... (459) 3,542 829
Other.................................................. (2,246) (2,649) 2,311
-------- -------- --------
$298,943 $ 95,399 $205,666
======== ======== ========
|
The deferred tax liability consists of the following:
2000 1999
---------- ----------
Accelerated depreciation on flight equipment................ $1,504,124 $1,209,790
Excess of state income taxes not currently deductible
for Federal income tax purposes........................... (34,688) (31,643)
Tax versus book lease differences........................... 149,943 127,527
Provision for overhauls..................................... (57,739) (50,868)
Rentals received in advance................................. (52,442) (47,256)
Straight line rents......................................... 19,098 19,557
Other comprehensive income.................................. 5,399 --
Other(a).................................................... (1,267) 979
---------- ----------
$1,532,428 $1,228,086
========== ==========
|
(a) Includes Canadian tax credit of $6,650 and related valuation allowance of $6,650.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE I -- INCOME TAXES (CONTINUED)
A reconciliation of computed expected total provision for income taxes to
the amount recorded is as follows:
2000 1999 1998
-------- -------- --------
Computed expected provision based upon a federal rate
of 35%............................................... $247,168 $246,192 $196,796
State income taxes, net of Federal income taxes........ 6,148 12,706 7,211
Foreign sales corporation benefit...................... (13,499) (10,041) (8,719)
Foreign taxes.......................................... (3,997) 586 (3,194)
Other.................................................. 1,472 515 828
-------- -------- --------
$237,292 $249,958 $192,922
======== ======== ========
|
The Company entered into flight equipment sales transactions designated to meet the requirement for a like kind exchange of assets under Section 1031 of the Internal Revenue Code. At December 31, 2000, $50,400 was held in trust, under control of the Company, for such exchanges.
NOTE J -- OTHER INFORMATION
Concentration of Credit Risk
The Company leases and sells aircraft to airlines and others throughout the world. All of the lease receivables and the majority of notes receivable are from entities located throughout the world. The Company generally obtains deposits on leases and obtains collateral in flight equipment on notes receivable. The Company has no single customer which accounts for 10% or more of revenues.
Segment Information
The Company operates within one industry: the leasing, sales and management of flight equipment.
Revenues include rentals of flight equipment to foreign airlines of $2,026,017 (2000), $1,842,126 (1999) and $1,623,891 (1998).
The following table sets forth the dollar amount and percentage of total rental revenues attributable to the indicated geographic areas based on each airline's principal place of business for the years indicated:
2000 1999 1998
------------------ ------------------ ------------------
AMOUNT % AMOUNT % AMOUNT %
---------- ----- ---------- ----- ---------- -----
(DOLLARS IN THOUSANDS)
Europe............................. $1,054,783 45.8% $ 946,335 45.5% $ 798,773 43.1%
Asia/Pacific....................... 462,426 20.1 421,337 20.3 410,600 22.1
United States and Canada........... 437,745 19.0 389,593 18.7 333,472 18.0
Central, South America and
Mexico........................... 229,438 10.0 201,405 9.7 190,572 10.3
Africa and the Middle East......... 117,048 5.1 121,885 5.8 120,566 6.5
---------- ----- ---------- ----- ---------- -----
$2,301,440 100.0% $2,080,555 100.0% $1,853,983 100.0%
========== ===== ========== ===== ========== =====
|
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE J -- OTHER INFORMATION (CONTINUED)
The following table sets forth revenue attributable to individual countries representing at least 10% of total revenue based on each airline's principal place of business for the years indicated:
2000 1999 1998
---------------- ---------------- ----------------
AMOUNT % AMOUNT % AMOUNT %
-------- ----- -------- ----- -------- -----
United Kingdom....................... $276,340 12.0% $292,278 14.0% $257,906 13.9%
United States........................ 275,423 12.0 238,429 11.5 241,379 13.0
China (including Macau and
Hong Kong)*........................ 251,372 10.9 255,922 12.3 250,394 13.5
* Macau 33,504 36,128 36,122
Hong Kong 77,364 84,787 86,345
|
Currency Risk
The Company attempts to minimize its currency and exchange risks by negotiating most of its aircraft leases in US dollars. Some of the Company's leases, however, are negotiated in Euros to meet the needs of a growing number of airlines. These Euro denominated leases are primarily used as a hedge against Euro denominated debt obligations of the Company.
Employee Benefit Plans
The Company's employees participate in various benefit plans sponsored by AIG, including a noncontributory qualified defined benefit retirement plan, various stock option and purchase plans and a voluntary savings plan (401(k) plan).
AIG's U.S. plans do not separately identify projected benefit obligations and plan assets attributable to employees of participating affiliates. AIG's projected benefit obligations exceeded the plan assets at December 31, 2000 by $146,098.
NOTE K -- COMMITMENTS AND CONTINGENCIES
Aircraft orders
At December 31, 2000, the Company had committed to purchase 488 aircraft deliverable from 2001 through 2009 at an estimated aggregate purchase price (including adjustment for anticipated inflation) of approximately $27.2 billion.
The Company also had options to purchase an additional 51 aircraft deliverable through 2008 at an estimated aggregate purchase price of $3.0 billion.
Most of these purchase commitments and options are based upon master agreements with each of The Boeing Company ("Boeing") and AVSA, S.A.R.L., the sales subsidiary of Airbus Industrie ("Airbus").
The Boeing aircraft (models 737, 757, 767 and 777), and the Airbus aircraft (models A318, A319, A320, A321, A330 and A340) are being purchased pursuant to agreements executed by the Company and Boeing or Airbus. These agreements establish the pricing formulas (which include certain price adjustments based upon inflation and other factors) and various other terms with respect to the purchase of aircraft. Under certain circumstances, the Company has the right to alter the mix of aircraft type ultimately acquired. As of December 31, 2000, the Company had made non-refundable deposits (exclusive of capitalized interest) on the aircraft which the Company has committed to purchase of approximately $583,370 and $372,360 with Boeing and Airbus, respectively.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE K -- COMMITMENTS AND CONTINGENCIES (CONTINUED)
Aircraft orders (continued)
Management anticipates that a significant portion of the aggregate purchase price will be funded by incurring additional debt. The exact amount of the indebtedness to be incurred will depend upon the actual purchase price of the aircraft, which can vary due to a number of factors, including inflation, and the percentage of the purchase price of the aircraft which must be financed.
Asset Value Guarantees
The Company has guaranteed a portion of the residual value of 42 aircraft to financial institutions expiring at various dates through 2009. The guarantees generally provide for the Company to pay the difference between the fair market value of the aircraft and the guaranteed value up to certain specified amounts, or, at the option of the Company, purchase the aircraft for the guaranteed value. At December 31, 2000 and 1999, the maximum exposure if the Company were to pay under such guarantees was $706,200 (of which $684,139 represents the total purchase option price of 34 aircraft) and $136,669 (of which $63,000 represents the total purchase option price of 2 aircraft), respectively.
Other Guarantees
The Company has guaranteed certain obligations for entities in which it has an investment. At December 31, 2000 and 1999, the Company guaranteed ten loans collateralized by aircraft aggregating $87,913 and $30,824, respectively.
Leases
The Company has operating leases for office space extending through 2005. Commitments for minimum rentals under the noncancellable leases at the end of 2000 as follows:
2001....................................................... $ 2,989
2002....................................................... 3,150
2003....................................................... 3,276
2004....................................................... 3,407
2005....................................................... 3,240
-------
Total.................................................... $16,062
=======
|
NOTE L -- FINANCIAL INSTRUMENTS
In the normal course of business, the Company employs a variety of off-balance sheet derivative transactions with the objective of lowering its overall borrowing cost and maintaining its optimal mix of variable and fixed rate interest obligations. These derivative products include interest rate swap agreements, currency swap agreements, swaptions and interest rate floors (off-balance sheet derivative transactions). The Company only enters into derivative transactions to hedge interest rate and currency risk and not to speculate on interest rates or currency fluctuation.
The Company accounts for its off-balance sheet derivative transactions on an accrual basis. As such, accrued future payments or receipts are reflected in operating income in the period incurred or earned. Credit risk exposure arises from the potential that the counterparty may not perform under these off-balance sheet derivative transactions. The Company's counterparty for all of its off-balance sheet derivatives is AIGFP, a related party with a "AAA" counterparty rating (see Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations"). The Company currently does not require, nor is it required
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE L -- FINANCIAL INSTRUMENTS (CONTINUED)
by, its counterparty to provide collateral for its positions with the Company although it can in certain circumstances.
The following table provides the notional amounts of the Company's off-balance sheet derivative transactions at December 31, 2000. The notional amounts used to express the extent of the Company's involvement in swap transactions represent a standard measurement of the volume of the Company's swap transactions. Notional amount is not a quantification of market risk or credit risk and is not recorded on the balance sheet. Notional amounts represent those amounts used to calculate contractual cash flows to be exchanged and are not paid or received. The timing and the amount of cash flows relating to swaption and other interest rate option contracts are determined by each of the respective contractual agreements.
It is management's belief that any failure of a counterparty to perform under the agreement with respect to these off-balance sheet transactions would have an immaterial effect on the Company's results of operations, financial condition and liquidity.
The following table presents the notional amounts of the Company's interest rate swap agreements, swaptions and interest rate floors by maturity at December 31, 2000 and 1999.
REMAINING LIFE
------------------------------------
TWO TO AFTER FIVE TOTAL TOTAL
TYPE ONE YEAR FIVE YEARS YEARS 2000 1999
---- -------- ---------- ---------- ---------- ----------
Interest Rate:
Swaps (interest and
currency)(a).................. $179,853 $1,851,493 $121,442 $2,152,788 $1,459,025
Interest rate floors............ 18,266 411,701 -- 429,967 800,245
Other interest rate contracts... 130,968 623,871 581,441 1,336,280 2,312,918
-------- ---------- -------- ---------- ----------
Total........................... $329,087 $2,887,065 $702,883 $3,919,035 $4,572,188
======== ========== ======== ========== ==========
|
(a) Certain contracts were reclassified to comply with SFAS 133 definitions. The Company has adopted SFAS 133 as of January 1, 2001.
The Company has entered into various derivative transactions with AIGFP, a related party broker-dealer. The Company has executed $1,418,200 and $775,480 notional amount of derivative instruments with the related party during 2000 and 1999, respectively.
The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:
Cash and cash equivalents: The carrying value reported in the balance sheet for cash and cash equivalents approximates its fair value.
Notes receivable: The fair values for notes receivable are estimated using discounted cash flow analyses, using interest rates currently being offered for similar loans to borrowers with similar credit ratings.
Investments: It was not practicable to determine the fair value of most of the Company's investments in the common and preferred stocks of other companies because of the lack of a quoted market price and the inability to determine fair value without incurring excessive costs due to their short maturities. The carrying amount of these investments at December 31, 2000 represents the original cost or original cost plus the Company's share of earnings of the investment. For investments held by the
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(DOLLARS IN THOUSANDS)
NOTE L -- FINANCIAL INSTRUMENTS (CONTINUED)
Company that had a quoted market price at December 31, 2000, the Company used such quoted market price in determining the fair value of such investments.
Debt financing: The carrying value of the Company's commercial paper and term debt maturing within one year approximates its fair value. The fair value of the Company's long-term debt is estimated using discounted cash flow analyses, based on the Company's spread to U.S. Treasury bonds for similar debt at year-end.
Off-balance-sheet instruments: Fair values for the Company's off-balance-sheet instruments are the amounts at which they could be settled and are estimated by obtaining quotes from the broker.
Guarantees: It is not practical to determine the fair value of the Company's guarantees and the value is not significant to the Company.
The carrying amounts and fair values of the Company's financial instruments at December 31, 2000 and 1999 are as follows:
2000 1999(A)
------------------------------------- -------------------------------------
CARRYING CARRYING
AMOUNT OF FAIR VALUE OF AMOUNT OF FAIR VALUE OF
ASSET (LIABILITY) ASSET (LIABILITY) ASSET (LIABILITY) ASSET (LIABILITY)
----------------- ----------------- ----------------- -----------------
Cash and cash equivalents............ $ 134,653 $ 134,653 $ 123,109 $ 123,109
Notes receivable..................... 296,063 238,839 270,436 247,475
Investments.......................... 45,624 45,624 6,067 6,067
Debt financing....................... (13,421,526) (13,363,957) (11,192,220) (11,045,875)
Off-balance-sheet financial
instruments:
Swaps (interest and currency)... (1,490) (86,866) (3,620) (25,495)
Swaptions....................... (1,631) -- (2,066) --
Interest rate floors............ (499) (945) (1,210) 3,205
Other interest rate contracts... (12,583) 168,775 (31,173) 15,570
|
(a) Certain contracts were reclassified to comply with SFAS No. 133 definitions. The Company has adopted SFAS No. 133 as of January 1, 2001.
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
SCHEDULE II -- VALUATION AND QUALIFYING ACCOUNTS
COL. A COL. B COL. C COL. D COL. E
------ ------------ ----------------------------- ------------ -------------
ADDITIONS
BALANCE AT CHARGED TO CHARGED TO
BEGINNING OF COSTS AND OTHER ACCOUNTS-- DEDUCTIONS-- BALANCE AT
DESCRIPTION PERIOD EXPENSES DESCRIBE DESCRIBE(A) END OF PERIOD
----------- ------------ ---------- ---------------- ------------ -------------
(DOLLARS IN THOUSANDS)
Reserve for overhaul:
Year ended December 31, 2000...... $136,451 $104,486 $ 86,072 $154,865
Year ended December 31, 1999...... $152,764 $ 94,535 $110,848 $136,451
Year ended December 31, 1998...... $110,822 $102,508 $ 60,566 $152,764
|
(a) Reimbursements to lessees for overhauls performed and amounts transferred to buyers for aircraft sold.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: March 19, 2001
INTERNATIONAL LEASE FINANCE
CORPORATION
By /s/ LESLIE L. GONDA
------------------------------------
Leslie L. Gonda
Chairman of the Board
|
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated.
SIGNATURE TITLE DATE
--------- ----- ----
/s/ LESLIE L. GONDA Director March 19, 2001
------------------------------------------------
Leslie L. Gonda
/s/ STEVEN F. UDVAR-HAZY Chief Executive Officer and March 19, 2001
------------------------------------------------ Director
Steven F. Udvar-Hazy
/s/ LOUIS L. GONDA Director March 19, 2001
------------------------------------------------
Louis L. Gonda
/s/ M. R. GREENBERG Director March 19, 2001
------------------------------------------------
M. R. Greenberg
/s/ EDWARD E. MATTHEWS Director March 19, 2001
------------------------------------------------
Edward E. Matthews
/s/ WILLIAM N. DOOLEY Director March 19, 2001
------------------------------------------------
William N. Dooley
/s/ HOWARD I. SMITH Director March 19, 2001
------------------------------------------------
Howard I. Smith
/s/ ALAN H. LUND Chief Financial Officer and March 19, 2001
------------------------------------------------ Chief Accounting Officer
Alan H. Lund
|
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO
SECTION 12 OF THE ACT.
Since the Registrant is an indirect wholly owned subsidiary of AIG, no annual report to security holders or proxy statement, form of proxy or other proxy soliciting materials have been sent to security holders since January 1, 1990.
EXHIBIT 4.2
FIRST SUPPLEMENTAL INDENTURE
FIRST SUPPLEMENTAL INDENTURE, dated as of November 1, 2000 (this "Supplement"), between International Lease Finance Corporation, a corporation duly organized and existing under the laws of the State of California (hereinafter called the "Company"), and U.S. Bank Trust, National Association, as Trustee (hereinafter called the "Trustee").
RECITALS OF THE COMPANY
The Company has heretofore executed and delivered an Indenture, dated as of November 1, 1991 (hereinafter called the "Indenture") with the Trustee, as successor to Continental Bank, National Association providing, among other things, for the issuance from time to time of the Company's unsecured debentures, notes or other evidences of indebtedness in one or more series.
Pursuant to the terms of the Indenture, an Officers' Certificate dated May 21, 1997 (the "Officers' Certificate") and instructions from a Designated Person of the Company in connection with the Notes (as defined below), Medium-Term Notes, Series I, due November 15, 2005 in the aggregate principal amount of $50,000,000 (the "Notes") were issued on May 30, 1997.
Pursuant to Section 902 of the Indenture, the Holders of the Notes have consented and agreed to certain changes to the terms of the Notes.
It is deemed advisable and appropriate that the terms of the Notes be amended to reflect the changes consented and agreed to by the Holders of the Notes.
All things necessary to make this Supplement a valid agreement of the Company, in accordance with its terms, have been done.
NOW, THEREFORE, THIS SUPPLEMENT WITNESSETH:
For and in consideration of the premises, it is mutually covenanted and agreed, for the equal and proportionate benefit of the Holders of the Notes only, as follows:
1. The terms used in this Supplement and defined in the Indenture, Officers' Certificate or Instructions shall have the meanings assigned to them in the Indenture, Officers' Certificate or Instructions, as the case may be.
2. The terms of the Notes are hereby amended as follows:
(i) The Stated Maturity shall be November 15, 2007.
(ii) Interest on the Notes accruing from October 15, 2000 to November 15, 2000 will be paid on November 15, 2000 at a rate of 6.59813% per annum to the Holders of the Notes on November 1, 2000.
(iii) Interest on the Notes from and including November 15, 2000 to but excluding November 15, 2002, shall accrue at the fixed rate of 6.99% per annum, payable semi-annually on each April 15 and October 15, and on November 15, 2002, on the basis of a 360-day year of twelve 30-day months, without adjustment for Interest Payment Dates that are not Business Days. Interest on the Notes will be payable to the persons in whose names the Notes are registered on the April 1 or October 1 (whether or not a Business Day) immediately preceding the Applicable Interest Payment Date.
(iv) The Additional Terms of the Notes shall be amended in their entirety to read as set forth in Annex A hereto.
3. The Trustee assumes no duties, responsibilities or liabilities by reason of this Supplement other than as set forth in the Indenture, and this Supplement is executed and accepted by the Trustee subject to all terms and conditions of its acceptance of the Trust under the Indenture, as fully as if said conditions were hereby set forth at length. The Trustee assumes no responsibility or liability for the recitals of the Company set forth in this Supplement.
4. As amended and modified by this Supplement, the Indenture, Officers' Certificate and Instructions are in all respects ratified and confirmed.
5. This Supplement may be executed in any number of counterparts, each one of which shall be an original, and all of which together constitute but one and the same instrument.
6. Trustee hereby accepts the modification of the Indenture, Officers' Certificate and Instructions hereby effected and the trust in this Supplement declared and provided, upon the terms and conditions hereinabove set forth.
IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be executed, and their respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written.
INTERNATIONAL LEASE
FINANCE CORPORATION
By: /s/ Alan H. Lund
-------------------------------------
Attest:
/s/ Pamela S. Hendry
--------------------------------------
|
U.S. BANK TRUST,
NATIONAL ASSOCIATION
By: /s/ P.J. Crowley
-------------------------------------
P.J. Crowley
Vice President
Attest:
/s/ Cynthia W. Brown
--------------------------------------
|
Annex A
ADDITIONAL TERMS
INTEREST RATES
If the Calculation Agent has not given the Put Notice (as defined below), then during the period from and including November 15, 2002 to the Maturity Date (the "Fixed Rate Period"), the Notes will bear interest at a fixed rate calculated as described below (see "Reset of Interest Rate for Fixed Rate Period" below). Interest during the Fixed Rate Period will be payable semi-annually in arrears on each April 15 and October 15, commencing April 15, 2003 (each a "Fixed Rate Interest Payment Date"), to the person in whose name a Note is registered on the April 1 or October 1 (whether or not a Business Day) immediately preceding the applicable Fixed Rate Interest Payment Date. However, interest payable on the Maturity Date will be paid to the person to whom principal on the Note is paid. The amount of interest payable during the Fixed Rate Period will be computed and paid on the basis of a 360-day year of twelve 30-day months.
PUT OPTION
The Calculation Agent has the right to require the Company to repurchase all (but not less than all) of the Notes on November 15, 2002 at a purchase price equal to 100% of the principal amount thereof, plus accrued but unpaid interest to but excluding November 15, 2002 (the "Redemption Price"), by delivering written notice thereof to the Company on behalf of all (but not fewer than all) holders of the Notes (the "Put Notice"). Such Put Notice shall be given no later than 9:00 a.m. (New York time) on November 8, 2002. The Calculation Agent shall give the Put Notice if the holders of a majority in principal amount of the Notes request the Calculation Agent to give the Put Notice, in which event the Put Notice shall be binding on all Noteholders; the Calculation Agent shall not give the Put Notice absent such request of the holders of a majority in principal amount of the Notes. In the event the Put Notice is timely given, the Company shall repurchase the Notes at the Redemption Price on November 15, 2002.
IF REQUIRED BY THE CALCULATION AGENT, EACH HOLDER SHALL INDICATE ITS ELECTION TO HAVE THE CALCULATION AGENT DELIVER THE PUT NOTICE TO THE COMPANY BY DELIVERING WRITTEN NOTICE OF SUCH ELECTION TO THE CALCULATION AGENT BY NO LATER THAN 12:00 NOON (NEW YORK TIME) ON NOVEMBER 6, 2002.
RESET OF INTEREST RATE FOR FIXED RATE PERIOD
If the Calculation Agent has not delivered the Put Notice to the Company in accordance with the terms set forth under "Put Option" above, the Company and the Calculation Agent, on November 8, 2002, shall undertake the following actions to calculate the fixed rate of interest to be paid on the Notes during the Fixed Rate Period. All references to specific hours are references to prevailing New York time. Each notice, bid or offer (including those given by the Reference Dealers [as defined below]) shall be given telephonically and shall be confirmed as soon as possible by facsimile to each of the Calculation Agent and the Company. The times set forth below are guidelines for action by the Company and the Calculation Agent, and each shall use its best efforts to adhere to such times. The Company shall use its best efforts to cause the Reference Dealers to take all actions contemplated below in as timely a manner as possible.
A HOLDER SHALL INDICATE ITS ELECTION TO SELL ITS NOTE TO, AND PURCHASE DESIGNATED TREASURY BONDS FROM, THE FINAL DEALER OR FINAL DEALERS (AS DEFINED BELOW) IN ACCORDANCE WITH THE TERMS SET FORTH IN PARAGRAPH (e) BELOW BY NOTIFYING THE CALCULATION AGENT OF SUCH ELECTION BY NO LATER THAN 9:35 A.M. (NEW YORK TIME) ON NOVEMBER 8, 2002. IF THE CALCULATION AGENT HAS NOT RECEIVED WRITTEN ELECTION FOR THE SALE OF AT LEAST $25,000,000 AGGREGATE PRINCIPAL AMOUNT OF THE NOTES TO THE FINAL DEALER OR FINAL DEALERS, THE CALCULATION AGENT SHALL SELECT PRO RATA FROM ALL HOLDERS NOTES IN A PRINCIPAL AMOUNT THAT, WHEN AGGREGATED WITH THE PRINCIPAL AMOUNT OF NOTES FOR WHICH THE CALCULATION AGENT HAS RECEIVED A WRITTEN ELECTION TO SELL, WILL TOTAL $25,000,000, AND SHALL IMMEDIATELY NOTIFY SUCH HOLDERS OF SUCH SELECTION. THE HOLDERS OF SUCH RANDOMLY SELECTED NOTES SHALL SELL THEIR NOTES TO, AND PURCHASE DESIGNATED TREASURY BONDS FROM, THE FINAL DEALER OR FINAL DEALERS IN ACCORDANCE WITH THE TERMS SET FORTH IN PARAGRAPH (e) BELOW.
(a) At 9:00 a.m., the Company shall provide to the Calculation Agent the names of four financial institutions that deal in the Company's debt securities and have agreed to participate as reference dealers in accordance with the terms set forth below (the "Reference Dealers") and, for each Reference Dealer, the name of and telephone and facsimile numbers for one individual who will represent such Reference Dealer.
(b) At 9:15 a.m., the Calculation Agent shall:
(i) determine and provide to the Company the 5-year Treasury bond yield determined at or about such time (the "Designated Treasury Yield") based on an issue of 5-year Treasury bonds chosen by the Calculation Agent (the "Designated Treasury Bonds");
(ii) calculate and provide to the Company the "Premium", which shall equal the present value (expressed as a percentage rounded to four decimal places) of the Treasury Rate Difference applied over the 10 semi-annual periods from November 15, 2002 to the Maturity Date, discounted at the Discount Rate divided by two, where:
"Treasury Rate Difference" means the difference between 6.585% (the "Initial Treasury Yield") minus the Designated Treasury Yield; and
"Discount Rate" means the sum of the Designated Treasury Yield plus 0.50%; and
(iii) provide to the Company the aggregate principal amount of the Designated Treasury Bonds that the Holders will purchase (the "Hedge Amount") in the event that all of the Notes are sold to one or more of the Reference Dealers in accordance with paragraph (e) below.
(c) The Calculation Agent immediately thereafter shall contact each of the Reference Dealers and request that each Reference Dealer provide to the Calculation Agent the following firm bid and firm offer for the benefit of the Holders (which bid and offer shall remain firm for 15 minutes):
(i) a firm bid (on an all-in basis), expressed as a spread to the Designated Treasury Bonds (using, for such purposes, the Designated Treasury Yield), at which such Reference Dealer would purchase any Notes offered (up to Notes in a principal amount equal to $50,000,000, provided that such Reference Dealer shall not be obligated to purchase Notes in a principal amount less that $25,000,000) at a price equal to 100% plus the Premium for settlement on the Redemption Date (the lowest of such spreads, the "Spread"); and
(ii) a firm offer (on an all-in basis) to sell Designated Treasury Bonds in a principal amount equal to the Hedge Amount at a yield equal to the Designated Treasury Yield for settlement on the Redemption Date.
(d) At 9:30 a.m., the following shall occur following receipt of the bids and offers requested in paragraph (c) above:
(i) the Calculation Agent shall calculate and provide to the Company the "Adjusted Coupon", which shall be the fixed rate of interest on the Notes required to produce a yield on the Notes equal to the sum of the Designated Treasury Yield and the Spread given a purchase price of 100% plus the Premium;
(ii) the Interest Rate on the Notes shall be adjusted and shall equal, effective from and including November 15, 2002 to the Maturity Date, the Adjusted Coupon; and
(iii) the Reference Dealer providing the Spread shall be deemed the "Final Dealer"; provided that if two or more Reference Dealers shall have quoted such Spread, the Company shall determine which of such Reference Dealers shall be the Final Dealer or the Final Dealers (and, in the latter case, the allocation to be made between them).
(e) The Holders:
(i) shall sell Notes to the Final Dealer or Final Dealers in a principal amount which shall be not less than $25,000,000 nor more than $50,000,000 at a price equal to 100% plus the Premium; and
(ii) shall purchase Designated Treasury Bonds from the Final Dealer or Final Dealers in a principal amount equal to the Hedge Amount (adjusted pro rata based on the amount of Notes sold in the event that less than $50,000,000 principal amount is sold), at a price based on the Designated Treasury Yield, in each case for settlement on the Redemption Date and, in the case of more than one Final Dealer, according to the allocation designated by the Company under paragraph (d)(iii) above.
If the Calculation Agent determines that (i) a Market Disruption Event (as defined below) has occurred or (ii) two or more of the Reference Dealers have failed to provide indicative or firm bids or offers in a timely manner substantially as provided above, the steps contemplated above shall be delayed until the next trading day on which there is no Market
Disruption Event and no such failure by two or more Reference Dealers. "Market
Disruption Event" shall mean any of the following: (i) a suspension or material
limitation in trading in securities generally on the New York Stock Exchange or
the establishment of minimum prices on such exchange: (ii) a general moratorium
on commercial banking activities declared by either federal or New York State
authorities; (iii) any material adverse change in the existing financial,
political or economic conditions in the United States or America or elsewhere;
(iv) an outbreak or escalation of major hostilities involving the United States
of America or the declaration of a national emergency or war by the United
States of America; or (v) any material disruption of the U.S. government
securities market, U.S. corporate bond market and/or U.S. federal wire system.
EXHIBIT 10.3
$1,800,000,000.00 Amended and Restated
364-Day Revolving Credit Agreement
dated as of
November 15, 2000
among
INTERNATIONAL LEASE FINANCE CORPORATION,
THE BANKS (as defined herein),
CITICORP USA, INC.,
as Administrative Agent,
THE CHASE MANHATTAN BANK,
COMMERZBANK,
SOCIETE GENERALE,
as Co-Syndication Agents,
and
SALOMON SMITH BARNEY INC.,
as Arranger and Book Manager
AMENDED AND RESTATED
364-DAY REVOLVING CREDIT AGREEMENT
AMENDED AND RESTATED 364-DAY REVOLVING CREDIT AGREEMENT (this
"Agreement") dated as of November 15, 2000 among INTERNATIONAL LEASE FINANCE
CORPORATION, a California corporation (the "Company"), the financial
institutions listed on the signature pages hereof (herein, together with their
respective successors and assigns, collectively called the "Banks" and
individually each called a "Bank") and CITICORP USA, INC. (herein, in its
individual capacity, together with it successors and assigns, called "CUSA"), as
agent for the Banks (herein, in such capacity, together with is successors and
assigns in such capacity, called the "Agent").
The Company, the Agent and certain Banks are parties to a 364-Day Revolving Credit Agreement dated as of November 17, 1999 (as modified, amended and in effect on the date hereof, the "Existing Credit Agreement").
The Company has requested that the Existing Credit Agreement be amended to, among other things, increase the Aggregate Commitment from $1,500,000,000 to $1,800,000,000, extend the Termination Date and modify certain other provisions thereof, all as set forth herein, and that the Existing Credit Agreement be restated in its entirety as so amended, all as of the Restatement Effective Date (as hereinafter defined).
Accordingly, the parties hereto agree as follows:
SECTION 1.01. DEFINITIONS; INTERPRETATION. Capitalized terms used but not otherwise defined herein have the respective meanings ascribed thereto in the Existing Credit Agreement. The provisions hereof relating to Schedule II shall be deemed to have effect from the Restatement Effective Date without retroactive effect.
SECTION 1.02. AMENDMENTS. Effective as of the Restatement Effective Date, the Existing Credit Agreement is amended as follows and, as so amended, is hereby restated in its entirety:
(1) The references on the cover page and in the recitals of
the Existing Credit Agreement, in the definition of "Aggregate Commitment" in
Section 1.2 of the Existing Credit Agreement and in each Exhibit to the Existing
Credit Agreement to the aggregate amount of the Commitments are amended to refer
to the aggregate amount of $1,800,000,000, and Schedule I to the Existing Credit
Agreement is amended to read in its entirety in accordance with Schedule I
hereto.
(2) The phrase in the "Whereas" clause of the recitals of the
Existing Credit Agreement to "to enable the Company to support its commercial
paper program and for other general corporate purposes" is amended to read "for
general corporate purposes".
(3) The reference to "November 15, 2000" in the definition of "Termination Date" in Section 1.2 of the Existing Credit Agreement is amended to read "November 14, 2001".
(4) Section 8.14 of the Existing Credit Agreement is amended to read in its entirety as follows:
"Section 8.14. Use of Proceeds. The proceeds of the Loans will be used by the Company for general corporate purposes.".
(5) Clause (d) of Section 9.16 of the Existing Credit Agreement is amended to read in its entirety as follows:
"(d) for any other purpose except for general corporate purposes in the ordinary course of business.".
(6) Schedule II to the Existing Credit Agreement is amended to read in its entirety in accordance with Schedule II hereto.
SECTION 1.03. REPRESENTATIONS AND WARRANTIES. The Company
represents and warrants to the Agent and the Banks as of the Restatement
Effective Date that each of the representations and warranties set forth in
Section 8 of the Existing Credit Agreement, as amended hereby, is true on and as
of the Restatement Effective Date as if made on and as of the Restatement
Effective Date.
SECTION 1.04. RESTATEMENT EFFECTIVE DATE. This Agreement shall become effective on the date hereof (the "Restatement Effective Date") upon the satisfaction prior to such date of the following conditions:
(a) Agreement. The Agent shall have received this Agreement duly executed and delivered by each of the Banks and the Company and the Agent shall have received a fully executed Committed Note and a fully executed Bid Note for each Bank.
(b) Evidence of Corporate Action. The Agent shall have received certified copies of all corporate actions taken by the Company to authorize this Agreement and the Notes.
(c) Incumbency and Signatures. The Agent shall have received a certificate of the Secretary or an Assistant Secretary of the Company certifying the names of the officer or officers of the Company authorized to sign this Agreement, the Notes and the other documents provided for in this Agreement to be executed by the Company, together with a sample of the true signature of each such officer (it being understood that the Agent and each Bank may conclusively rely on such certificate until formally advised by a like certificate of any changes therein).
(d) Good Standing Certificates. The Agent shall have received such good standing certificates of state officials with respect to the incorporation of the Company, or other matters, as the Agent or the Banks may reasonably request.
(e) Opinions of Company Counsel. The Agent shall have received favorable
written opinions of O'Melveny & Myers LLP, counsel for the Company, in substantially the form of Exhibit G to the Existing Credit Agreement (with appropriate modifications to reflect the amendment and restatement thereof contemplated hereby), and the General Counsel of the Company, in substantially the form of Exhibit H to the Existing Credit Agreement (with appropriate modifications to reflect the amendment and restatement thereof contemplated hereby).
(f) Opinion of Agent's Counsel. The Agent shall have received a favorable written opinion of Milbank, Tweed, Hadley & McCloy LLP, special New York counsel to the Agent, with respect to documents received by the Agent and the Banks and such legal matters as the Agent reasonably may require.
(g) Other Documents. The Agent shall have received such other certificates and documents as the Agent or the Banks reasonably may require.
(h) Fees. The Agent shall have received for the account of the Agent the Agent's fees payable to the Funding Date pursuant to Section 4.6 of the Existing Credit Agreement.
(i) Material Adverse Change. The Agent shall have received a
certificate of the Company's chief financial officer confirming that
since the date of the audited financial statements identified in
Section 8.4 of the Existing Credit Agreement, there shall not have
occurred any material adverse change in the business, credit,
operations, financial condition or prospects of the Company and its
Subsidiaries taken as a whole.
SECTION 1.05. COSTS AND EXPENSES. The Company shall pay all reasonable out-of-pocket expenses of the Agent, including fees and disbursements of Milbank, Tweed, Hadley & McCloy LLP, special New York counsel for the Agent, in connection with the execution and delivery of this Agreement.
SECTION 1.06. MISCELLANEOUS.
(a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Company may not assign or otherwise transfer any of its rights under this Agreement without the prior written consent of all the Banks.
(b) This Agreement shall be governed by and construed in accordance with the law of the State of New York.
(c) This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures hereto were upon the same instrument. This Agreement constitutes the entire agreement and understanding among the parties hereto and supersede any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.
Company: INTERNATIONAL LEASE FINANCE
CORPORATION
By: /s/ ALAN H. LUND
--------------------------------------
Name: Alan H. Lund
Title: Executive Vice President
By: /s/ PAMELA S. HENDRY
--------------------------------------
Name: Pamela S. Hendry
Title: Vice President and Treasurer
|
Agent: CITICORP USA, INC., in its individual
corporate capacity and as Agent
By: /s/ ROBERT A. DANZIGER
--------------------------------------
Name: Robert A. Danziger
Title: Attorney-In-Fact
By:
--------------------------------------
Name:
|
Title:
Banks: CITIBANK, N.A.
By: /s/ ROBERT A. DANZIGER
--------------------------------------
Name: Robert A. Danziger
Title: Attorney-In-Fact
|
THE CHASE MANHATTAN BANK
By: /s/ JOHN c. RIORDAN
--------------------------------------
Name: John C. Riordan
Title: Vice President
|
COMMERZBANK AKTIENGESELLSCHAFT
LOS ANGELES BRANCH
By: /s/ CHRISTIAN JAGENBERG
--------------------------------------
Name: Christian Jagenberg
Title: SVP and Manager
By: /s/ KARLA WIRTH
--------------------------------------
Name: Karla Wirth
Title: Asst. Vice President
|
SOCIETE GENERALE
By: /s/ CHARLES D. FISCHER, JR.
--------------------------------------
Name: Charles D. Fischer, Jr.
Title: Vice President
|
BNP PARIBAS
By: /s/ TJALLING TERPSTRA
--------------------------------------
Name: Tjalling Terpstra
Title: Vice President
By: /s/ JANICE HO
--------------------------------------
Name: Janice Ho
Title: Vice President
|
HALIFAX PLC
By: /s/ M.J.W. SOUTH
--------------------------------------
Name: M.J.W. South
Title: Head of Corporate &
Institutional Banking
|
CREDIT LYONNAIS NEW YORK BRANCH
By: /s/ PHILIPPE SAMBA
--------------------------------------
Name: Philippe Samba
Title: Senior Vice President
|
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By: /s/ JOSEPH P. DEVOE
--------------------------------------
Name: Joseph P. Devoe
Title: Vice President
|
ABN AMRO BANK N.V.
By: /s/ BRUCE D. BALLENTINE
--------------------------------------
Name: Bruce D. Ballentine
Title: Group Vice President
By: /s/ NEIL R. STEIN
--------------------------------------
Name: Neil R. Stein
Title: Assistant Vice President
|
BANCA INTESA S.P.A.
By: /s/ ANTHONY F. GIOBBI
--------------------------------------
Name: Anthony F. Giobbi
Title: FVP
By: /s/ GIANCARLO BAIOCCHI
--------------------------------------
Name: Giancarlo Baiocchi
Title: AVP
|
BANCA NAZIONALE DEL LAVORO S.P.A. -
NEW YORK BRANCH
By: /s/ GIULIO GIOVINE
--------------------------------------
Name: Giulio Giovine
Title: Vice President
By: /s/ LEONARDO VALENTINI
--------------------------------------
Name: Leonardo Valentini
Title: First Vice President
|
BANK ONE, N.A.
By: /s/ [ILLEGIBLE]
--------------------------------------
Name:
Title:
|
BAYERISCHE HYPO-UND VEREINSBANK
AG, NEW YORK BRANCH
By: /s/ STEVEN ATWELL
--------------------------------------
Name: Steven Atwell
Title: Director
By: /s/ IVANA ALBANESE-RIZZO
--------------------------------------
Name: Ivana Albanese-Rizzo
Title: Director
|
BAYERISCHE LANDESBANK
GIROZENTRALE, CAYMAN ISLANDS BRANCH
By: /s/ ALEX KOHNERT
--------------------------------------
Name: Alex Kohnert
Title: First Vice President
By: /s/ JAMES FOX
--------------------------------------
Name: James Fox
Title: Vice President
|
DEUTSCHE BANK AG NEW YORK AND/OR
CAYMAN ISLANDS BRANCES
By: /s/ GEORGE [ILLEGIBLE]
--------------------------------------
Name:
Title:
By: /s/ RUTH LEUNG
--------------------------------------
Name: Ruth Leung
Title: Director
|
THE FUJI BANK LIMITED, LOS ANGELES
AGENCY
By: /s/ MASAHITO FUKUDA
--------------------------------------
Name: Masahito Fukuda
Title: Senior Vice President
|
THE INDUSTRIAL BANK OF JAPAN, LIMITED
By: /s/ VICENTE L. TIMIRAOS
--------------------------------------
Name: Vicente L. Timiraos
Title: Joint General Manager
|
MELLON BANK, N.A.
By: /s/ DAVID B. WIRL
--------------------------------------
Name:David B. Wirl
Title:Vice President
|
ROYAL BANK OF CANADA
By: /s/ ALEXANDER BIRR
--------------------------------------
Name: Alexander Birr
Title: Senior Manager
|
WESTDEUTSCHE LANDESBANK
GIROZENTRALE
By: /s/ RAYMOND MILLER
--------------------------------------
Name: Raymond Miller
Title: Director
|
THE BANK OF NEW YORK
By: /s/ ROBERT BESSER
--------------------------------------
Name: Robert Besser
Title: Vice President
|
BANCA DI ROMA, SAN FRANCISCO BRANCH
By: /s/ LUCA BALESTRA
--------------------------------------
Name: Luca Balestra (#25050)
Title: Senior Vice President
and Manager
By: /s/ THOMAS C. WOODRUFF
--------------------------------------
Name: Thomas C. Woodruff (#97969)
Title: Vice President
|
BANCO DI NAPOLI, SPA
By: /s/ VITO SPADA
--------------------------------------
Name: Vito Spada
Title: Executive Vice President
By: /s/ FRANCESCO DI MARIO
--------------------------------------
Name: Francesco Di Mario
Title: First Vice President
|
BANCA COMMERCIALE ITALIANA
LOS ANGELES FOREIGN BRANCH
By: /s/ J. DICKERHOF
--------------------------------------
Name: J. Dickerhof
Title: VP
By: /s/ CHARLES DOUGHERTY
--------------------------------------
Name: Charles Dougherty
Title: VP
|
FIRST HAWAIIAN BANK
By: /s/ SETH A. BOND
--------------------------------------
Name: Seth A. Bond
Title: Assistant Vice President
|
THE SANWA BANK, LIMITED
By: /s/ STEPHEN C. SMALL
--------------------------------------
Name: Stephen C. Small
Title: Senior Vice President
& Area Manager
|
WELLS FARGO BANK
By: /s/ JAMES J. DOHERTY
--------------------------------------
Name: James J. Doherty
Title: Vice President
By: /s/ EDWARD J. MEYER JR.
--------------------------------------
Name: Edward J. Meyer Jr.
Title: Vice President
|
NORDDEUTSCHE LANDESBANK
GIROZENTRALE NEW YORK BRANCH
AND/OR CAYMAN ISLANDS BRANCH
By: /s/ STEPHEN K. HUNTER
--------------------------------------
Name: Stephen K. Hunter
Title: SVP
By: /s/ STEPHANIE FINNEN
--------------------------------------
Name: Stephanie Finnen
Title: VP
|
STANDARD CHARTERED BANK
By: /s/ ROBERT GILBERT
--------------------------------------
Name: Robert Gilbert
Title: Senior Vice President
By: /s/ PAUL S. KNOX
--------------------------------------
Name: Paul S. Knox
Title: Regional Executive
|
Schedule I
Schedule of Banks
BANK COMMITMENT Citibank, N.A. 137,500,000.00 The Chase Manhattan Bank 130,000,000.00 Commerzbank Aktiengesellschaft Los Angeles Branch 130,000,000.00 Societe Generale 130,000,000.00 BNP Paribas 130,000,000.00 Halifax plc 130,000,000.00 Credit Lyonnais New York Branch 100,000,000.00 Bank of Tokyo-Mitsubishi Trust Company 75,000,000.00 ABN AMRO Bank N.V. 50,000,000.00 Banca Intesa S.p.A. 50,000,000.00 Banca Nazionale del Lavoro S.P.A. - New York Branch 50,000,000.00 Bank One, N.A. 50,000,000.00 Bayerische Hypo-Und Vereinsbank AG, New York Branch 50,000,000.00 Bayerische Landesbank Girozentrale, Cayman Islands Branch 50,000,000.00 Deutsche Bank AG New York Branch 50,000,000.00 The Fuji Bank Limited, Los Angeles Agency 50,000,000.00 The Industrial Bank of Japan, Limited 50,000,000.00 Mellon Bank, N.A. 50,000,000.00 Royal Bank of Canada New York Branch 50,000,000.00 Westdeutsche Landesbank Girozentrale 50,000,000.00 The Bank of New York 40,000,000.00 Banca di Roma, San Francisco Branch 35,000,000.00 Banco di Napoli 30,000,000.00 Banca Commerciale Italiana Los Angeles Foreign Branch 25,000,000.00 First Hawaiian Bank 25,000,000.00 The Sanwa Bank, Limited 25,000,000.00 Wells Fargo Bank 25,000,000.00 Norddeutsche Landesbank Girozentrale New York Branch and/or Cayman Islands Branch 20,000,000.00 Standard Chartered Bank 12,500,000.00 |
Schedule II
Fees and Margins
(in basis points)
Facility Fee 6.0
Margins:
LIBOR 19.0
BASE 0.0
Competitive Bid Option
As Bid by the Banks.
Utilization Fee:
In excess of 33.33% 5.0
In excess of 66.66% 10.0
|
EXHIBIT 10.6
Supplemental Agreement No. 5
to
Purchase Agreement No. 2241
between
The Boeing Company
and
INTERNATIONAL LEASE FINANCE CORPORATION
Relating to Boeing Model 737 Aircraft
THIS SUPPLEMENTAL AGREEMENT, entered into as of December 29, 2000, by and between THE BOEING COMPANY, a Delaware corporation with its principal offices in Seattle, Washington, (Boeing) and International Lease Finance Corporation, a corporation with its principal offices in Los Angeles, California (Buyer);
WHEREAS, the parties hereto entered into Purchase Agreement No. 2241 dated July 30, 1999, relating to Boeing Model 737 aircraft (the Purchase Agreement) and;
WHEREAS, the parties desire to supplement the Purchase Agreement to correct
erroneous data inputs made in Table 1 at the time of execution of Supplemental
Agreement #4, to the Special Features Price and the Detail Specification of the
* Aircraft (MSN *) and to the MSN of * Aircraft (Changing the MSN from * to
*), and;
WHEREAS, the parties desire to supplement the Purchase Agreement to change the Optional Features Price of the * Aircraft (MSN *) to reflect the cost of a Thrust Rating increase from * to * which was not included in the Exhibit A-1 of the Purchase Agreement at the time of execution of Supplemental Agreement #4 and to revise and replace Exhibit A-1 to incorporate this change, and;
WHEREAS, the parties desire to supplement the Agreement to revise the lessee designations of the * Aircraft (MSN *) from * to *, and the * Aircraft (MSN *) from * to *, and;
P.A. 2241 SA-5
WHEREAS, the parties desire to supplement the Agreement to create the following Exhibit A:
Lessee Minor Model
-------- -----------
Exhibit A-2 * 737-809
Exhibit A-3 * 737-8Q8
Exhibit A-4 * 737-83N
Exhibit A-5 * 737-7K2
|
and;
WHEREAS, the parties desire to supplement the Agreement to designate lessees and minor models for the following model 737 Aircraft:
BEFORE SA5 SA5
DELIVERY MSN LESSEE MINOR MODEL MINOR MODEL
* * * -700 -809
* * * -700 -809
* * * -700 -7Q8
* * * -700 -83N
* * * -700 -8Q8
* * * -700 -83N
* * * -700 -8Q8
* * * -700 -7Q8
* * * -700 -7Q8
* * * -700 -83N
* * * -700 -7Q8
* * * -700 -8Q8
* * * -700 -83N
* * * -700 -7Q8
* * * -700 -7Q8
* * * -700 -7Q8
* * * -700 -7K2
|
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Agreement as follows:
1. The Table of Contents of the Agreement is deleted in its entirety and a new Table of Contents (attached) is substituted in lieu thereof.
2. Exhibit A-1 of the Agreement is deleted in its entirety and a new Exhibit A-1 (attached) is substituted in lieu thereof.
3. Exhibits A-2, A-3, A-4 and A-5 are added.
P.A. 2241 SA-5
4. Table 1 to the Purchase Agreement entitled "Aircraft Deliveries and Descriptions," is deleted in its entirety and is replaced by a new Table 1 (attached) to reflect the following:
(a) Changes the MSN for the * Aircraft on page T-800-1 of Table 1 from MSN * to MSN *
(b) Revises the Optional Features Price to be * and the Detail
Specification to be D6-38808-4; Rev. F, 4/30/99 for the * Aircraft
(MSN *)
(c) Revises the Optional Features Price, Aircraft Basic Price and Advance Payment Price of the following Aircraft:
DELIVERY MSN LESSEE MINOR MODEL
* * * -8K2
(d) Moves the following aircraft from Page T-700-1 to Page T-800-1 of Table 1:
DELIVERY MSN LESSEE MINOR MODEL * * * -809 * * * -809 * * * -83N * * * -8Q8 * * * -83N * * * -8Q8 * * * -83N * * * -8Q8 * * * -83N |
(e) Revises Detail Specification, Exhibit Number, Special Features Price, Aircraft Basic Price and Advance Payment Base Price of the following aircraft:
DELIVERY MSN LESSEE MINOR MODEL * * * -809 * * * -809 * * * -83N * * * -8Q8 * * * -83N |
P.A. 2241 SA-5
* * * -83N * * * -8Q8 * * * -83N * * * -7K2 |
(f) adds 3 letter lessee identification for the following aircraft:
DELIVERY MSN LESSEE MINOR MODEL * * * -809 * * * -809 * * * -7Q8 * * * -83N * * * -8Q8 * * * -83N * * * -8Q8 * * * -7Q8 * * * -7Q8 * * * -83N * * * -7Q8 * * * -8Q8 * * * -83N * * * -7Q8 * * * -7Q8 * * * -7Q8 * * * -7K2 |
(g) Modifies the Detail Specification Summary on Page T-9
5. The Agreement will be deemed to be supplemented to the extent herein provided and as so supplemented will continue in full force and effect.
EXECUTED IN DUPLICATE as of the day and year first above written.
THE BOEING COMPANY INTERNATIONAL LEASE
FINANCE CORPORATION
By: /s/ Nobuko Wiles By: /s/ Marty Olsen
----------------------- -----------------------
Its: Attorney-In-Fact Its: VP
----------------------- ----------------------
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. 2241 SA-5
TABLE OF CONTENTS
SA
ARTICLES NUMBER
-------- ------
1. Quantity, Model and Description
2. Delivery Schedule
3. Price
4. Payment
5. Miscellaneous
TABLE
-----
1. Aircraft Information Table SA-5
EXHIBIT
-------
A. Aircraft Configurations SA-5
A-1 ILFC/* Configuration - 737-8K2 SA-4
A-2 ILFC/*-809 Configuration - 737-809 SA-5
A-3 ILFC/*-8Q8 Configuration - 737-8Q8 SA-5
A-4 ILFC/*-83N Configuration - 737-83N SA-5
A-5 ILFC/*-7K2 Configuration - 737-7K2 SA-5
B. [NOT USED]
|
BFE1. BFE Variables
CS1. Customer Support Variables - Category 1
(New Model Training/Documents)
CS2. Customer Support Variables - Category 2
(Major Model Differences Training/Documents)
CS3. Customer Support Variables - Category 3
(Minor Model Differences Training/Documents)
EE1. Engine Escalation/Engine Warranty and Patent Indemnity,
General Electric CF56-7B Engines
SLP1. Service Life Policy Components
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. 2241 i SA-5
SA
LETTER AGREEMENTS NUMBER
----------------- ------
6-1162-APS-501 Aircraft Performance Guarantees
6-1162-APS-502 Advance Payments
6-1162-APS-503 -
SUPERSEDED by 6-1161-APS-503R1 SA-4
6-1162-APS-503R1 Special Contractual Matters SA-4
6-1162-APS-504 Flexibility Matters
6-1162-APS-505 * -
SUPERSEDED by 6-1161-JDR-1142 SA-4
6-1161-JDR-1142 * Matters SA-4
6-1162-APS-506 Baseline Pricing
6-1162-APS-507 Escalation Exhibit D-98
6-1162-APS-508 *
SUPERSEDED by 6-1161-JDR-1136 SA-4
6-1161-JDR-1136 * SA-4
6-1162-APS-509 Customer Services Matters SA-4
6-1162-APS-510 Miscellaneous Other Matters
6-1162-APS-511 Model 737-900 Configuration Matters
|
P.A. 2241 ii SA-5
TABLE 1
TO PURCHASE AGREEMENT NO. 2241
MODEL 737-700/-800/-900 AIRCRAFT INFORMATION
|
-----------------------------------------------------------------------------------------------------------------------------------
P.A. Specification; Maximum Takeoff Engine
Exhibit Description Revision Weight Engine Thrust
-----------------------------------------------------------------------------------------------------------------------------------
A-700 ILF Baseline D6-38808-4; Rev. G, * CFMI CFM56-7B20 *
9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
A-800 ILF Baseline D6-38808-18; Rev. G, * CFMI CFM56-7B24 *
4/7/00
-----------------------------------------------------------------------------------------------------------------------------------
A-900 ILF Baseline D019A001; Rev. B * CFMI CFM56-7B24 *
11/30/98
-----------------------------------------------------------------------------------------------------------------------------------
A-1 * D6-38808-16; Rev. E * CFMI CFM56-7B27 *
4/19/00
-----------------------------------------------------------------------------------------------------------------------------------
A-2 * D019A001*38P-1; Rev A * CFMI CFM56-7 *
8/31/00
-----------------------------------------------------------------------------------------------------------------------------------
A-3 * D6-38808-18; Rev. G * CFMI CFM56-7B27 *
4/7/00
-----------------------------------------------------------------------------------------------------------------------------------
A-4 * D019A001*38P-1; Rev A, * CFMI CFM56-7B27/B1 *
10/3/00
-----------------------------------------------------------------------------------------------------------------------------------
A-5 * D019A001*37P-1 11/1/00 * CFMI CFM56-7B24 *
-----------------------------------------------------------------------------------------------------------------------------------
737 AIRCRAFT ESCALATION DATA
--------------------------------------------------------------------------------------------
Price Base Year Airframe and Engine Escalation
(Base Year Index)
--------------------------------------------------------------------------------------------
* * *
------------------------------------------------------------------------
* *
--------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-9 12/8/2000 3:40 PM SA-5
TABLE 1
to Purchase Agreement No. 2241
Model 737-700 AIRCRAFT INFORMATION
-----------------------------------------------------------------------------------------------------------------------------------
OPTIONAL AIRCRAFT ADVANCE
SCHEDULED MFR'S AIRFRAME FEATURES BASIC ESCALATION PAYMENT
MONTH OF SERIAL SPECIFICATION; PRICE PRICE PRICE ESCALATION CREDIT MEMO BASE
DELIVERY NUMBER LESSEE P.A. EX. REVISION (*) (*) (*) FACTOR (ESTIMATED) PRICE
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.F 4/30/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-700-1 12/8/2000 SA-5
TABLE 1
to Purchase Agreement No. 2241
Model 737-700 AIRCRAFT INFORMATION
|
-----------------------------------------------------------------------------------------------------------------------------------
OPTIONAL AIRCRAFT ADVANCE
SCHEDULED MFR'S AIRFRAME FEATURES BASIC ESCALATION PAYMENT
MONTH OF SERIAL SPECIFICATION; PRICE PRICE PRICE ESCALATION CREDIT MEMO BASE
DELIVERY NUMBER LESSEE P.A. EX. REVISION (*) (*) (*) FACTOR (ESTIMATED) PRICE
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-5 D019A001*37P-1 * * * * * *
11/1/00
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-700-2 12/8/2000 SA-5
TABLE 1
to Purchase Agreement No. 2241
Model 737-700 AIRCRAFT INFORMATION
|
-----------------------------------------------------------------------------------------------------------------------------------
OPTIONAL AIRCRAFT ADVANCE
SCHEDULED MFR'S AIRFRAME FEATURES BASIC ESCALATION PAYMENT
MONTH OF SERIAL SPECIFICATION; PRICE PRICE PRICE ESCALATION CREDIT MEMO BASE
DELIVERY NUMBER LESSEE P.A. EX. REVISION (*) (*) (*) FACTOR (ESTIMATED) PRICE
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-700-3 12/8/2000 SA-5
TABLE 1
to Purchase Agreement No. 2241
Model 737-700 AIRCRAFT INFORMATION
|
-----------------------------------------------------------------------------------------------------------------------------------
OPTIONAL AIRCRAFT ADVANCE
SCHEDULED MFR'S AIRFRAME FEATURES BASIC ESCALATION PAYMENT
MONTH OF SERIAL SPECIFICATION; PRICE PRICE PRICE ESCALATION CREDIT MEMO BASE
DELIVERY NUMBER LESSEE P.A. EX. REVISION (*) (*) (*) FACTOR (ESTIMATED) PRICE
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-700-4 12/8/2000 SA-5
TABLE 1
to Purchase Agreement No. 2241
Model 737-700 AIRCRAFT INFORMATION
|
-----------------------------------------------------------------------------------------------------------------------------------
OPTIONAL AIRCRAFT ADVANCE
SCHEDULED MFR'S AIRFRAME FEATURES BASIC ESCALATION PAYMENT
MONTH OF SERIAL SPECIFICATION; PRICE PRICE PRICE ESCALATION CREDIT MEMO BASE
DELIVERY NUMBER LESSEE P.A. EX. REVISION (*) (*) (*) FACTOR (ESTIMATED) PRICE
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-700-5 12/8/2000 SA-5
TABLE 1
to Purchase Agreement No. 2241
Model 737-700 AIRCRAFT INFORMATION
|
-----------------------------------------------------------------------------------------------------------------------------------
OPTIONAL AIRCRAFT ADVANCE
SCHEDULED MFR'S AIRFRAME FEATURES BASIC ESCALATION PAYMENT
MONTH OF SERIAL SPECIFICATION; PRICE PRICE PRICE ESCALATION CREDIT MEMO BASE
DELIVERY NUMBER LESSEE P.A. EX. REVISION (*) (*) (*) FACTOR (ESTIMATED) PRICE
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
* * tbd A-700 D6-38808-4; * * * * * *
Rev.G 9/1/99
-----------------------------------------------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-700-6 12/8/2000 SA-5
TABLE 1
to Purchase Agreement No. 2241
Model 737-800 AIRCRAFT INFORMATION
|
-----------------------------------------------------------------------------------------------------------------------------------
OPTIONAL AIRCRAFT ADVANCE
SCHEDULED MFR'S AIRFRAME FEATURES BASIC ESCALATION PAYMENT
MONTH OF SERIAL SPECIFICATION; PRICE PRICE PRICE ESCALATION CREDIT MEMO BASE
DELIVERY NUMBER LESSEE P.A. EX. REVISION (*) (*) (*) FACTOR (ESTIMATED) PRICE
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-800 D6-38808-18; * * * * * *
Rev. G, 4/7/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-1 D6-38808-16; * * * * * *
Rev. E, 4/19/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-2 D019A001*38P-1; * * * * * *
Rev. A, 8/31/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-2 D019A001*38P-1; * * * * * *
Rev. A, 8/31/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-4 D019A001*38P-1; * * * * * *
Rev. A, 10/3/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-3 D6-38808-18; * * * * * *
Rev. G, 4/7/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-4 D019A001*38P-1; * * * * * *
Rev. A, 10/3/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-800 D6-38808-18; * * * * * *
Rev. G, 4/7/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-4 D019A001*38P-1; * * * * * *
Rev. A, 10/3/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-3 D6-38808-18; * * * * * *
Rev. G, 4/7/00
-----------------------------------------------------------------------------------------------------------------------------------
* * * A-4 D019A001*38P-1; * * * * * *
Rev. A, 10/3/00
-----------------------------------------------------------------------------------------------------------------------------------
|
P.A. No. 2241 T-800-1 12/14/2000 3:58 PM SA-5
AIRCRAFT CONFIGURATION
between
THE BOEING COMPANY
and
|
INTERNATIONAL LEASE FINANCE CORPORATION
Exhibit A-1 to Purchase Agreement Number 2241
MODEL 737-8K2 AIRCRAFT
THE ILFC/* CONFIGURATION
P.A. No. 2241 A-1-i SA-5
AIRCRAFT CONFIGURATION
Dated December 29, 2000
relating to
BOEING MODEL 737-8K2 AIRCRAFT
THE ILFC/* CONFIGURATION
|
The Detail Specification is Detail Specification D6-38808-16 Revision E dated as of April 19, 2000 including Changes identified below. Such Detail Specification includes the effects of such changes on Manufacturer's Empty Weight (MEW) and Operating Empty Weight (OEW).
The Aircraft Basic Price reflects and includes all effects of such changes of price, except such Aircraft Basic Price does not include the price effects of Change Requests changing Buyer Furnished Equipment to Seller Purchased Equipment.
P.A. No. 2241 A-1-1 SA-5
Exhibit A-1 to
Purchase Agreement No. 2241
Page 2
*
CHANGE No. TITLE PRICE
============================================================ ==========
0220CH3364 TEN MINUTE TAKEOFF THRUST POWER - C *
0221CG3017 CATEGORY IIIA (50 FOOT DECISION HEI *
0221CH3024 CATEGORY IIA (50FT DEXISION HEIGHT) *
0252CG3032 CARGO COMPARTMENT PLACARDS - KILOGR *
0252CG3036 METRIC UNITS FOR FLIGHT MANUAL, OPE *
0252MP3062 CARGO CMCPTMT PLACARDS *
0252MP3086 AIRPLANE FLIGHT MANUALS IN JAA FORM *
0252MP3097 OPERATIONS MANUAL IN JAA FORMAT *
0253MP3109 SELECTED BFE TO SPE *
0310CH3445 WEIGHT COLLECTOR - INCREASE MAXIMUM *
0310CH3448 INCRS MTOGW TO 173.000 LBS *
0310MP3555 WEIGHT COLLECTORS - MZFW 138300 *
0310MP3556 MTOGW 174200 *
0310MP3557 INCR MAX LDG WT 146300 ILO 144000 *
0372CH3001 RAMP NOISE REDUCTION FEATURE - APU *
1110CG3289 ENGINE WARNING STRIPES AND DECALS - *
1110CH3338 EXTERIOR MARKINGS - * *
1110CH3353 EXTERIOR DECORATIVE FINISH - AVIOX *
1121CG3008 EMERGENCY EXTERIOR CHOP-IN MARKINGS *
1124CG3006 EXTERIOR REGISTRY MARKINGS *
1130CH3067 OWNER'S NAMEPLATES - FLIGHT COMPART *
2130CG3039 600 FPM CABIN PRESSURE ASCENT RATE *
2130CG3042 500 FPM CABIN PRESSURE DESCENT RATE *
2158MP3020 E8 RACK COOLING DUCT INSTALL-DELETE *
2160CG3017 CABIN TEMPERATURE INDICATOR - DEGRE *
2170CG3002 CATALYTIC CONVERTERS - INSTALLATION *
2210CG3051 DFCS - SPEED/ALT INTER *
2210CG3195 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2210CG3198 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2210CG3199 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2210CG3209 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2210CG3236 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2210CH3263 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2310CH3027 RADIO TUNING PANELS (RTP) - INSTALL *
2311CH3412 SINGLE HF COMMUNICATIONS - COMPLETE *
2311MP3597 SINGLE HIGH FREQUENCY SYSTEM ADD *
2312CH3391 VHF COMMUNICATIONS - 8.33KHZ FREQUE *
2312CH3473 TRIPLE VHF COMMUNICATIONS - INSTALL *
2312MP3677 RTP-REV-REMOVE 3RD RTP FROM AISLEST *
2321CG3528 SELCAL DECODER - INSTALLATION - BFE *
2321CG3529 SELCAL CONTROL PANEL - INSTALLATION *
2321CH3574 SELCAL SYS DEACTIVATION-FLT DECK *
2322CH3408 COMMUNICATIONS MANAGEMENT UNIT (CMU *
2322CH3411 COMMUNICATIONS MANAGEMENT UNIT (CMU *
2322CH3444 SNGL INSTL CMU ALLIED SIGNAL *
2322MP3474 MODIFY ARINC 758/INSTALL ARINC 724B *
2322CH3593 MLTPURPOSE INTERACTIVE DISPLAY UNIT *
2324CH3024 EMERGENCY LOCATOR TRANSMITTER - REV *
2324CH3024 EMERGENCY LOCATOR TRANSMITTER - REV *
|
P.A. No. 2241 A-1-2 SA-5
Exhibit A-1 to
Purchase Agreement No. 2241
Page 3
*
CHANGE No. TITLE PRICE
============================================================ ==========
2324CH3025 EMERGENCY LOCATOR TRANSMITTER (3 FR *
2324MP3035 EMERG LOCATOR TRANSMITTER AUTOMATIC *
2331CH3159 PASSENGER ADDRESS SYSTEM - COLLINS *
2331MP3224 ATTENDANT STOWAGEBOX DEL/RELOC *
2332CH3556 VIDEO ENTERTAINMENT SYSTEM - PARTIA *
2332CH3558 BFE - SONY VIDEO ENTERTAINMENT SYST *
2334CH3271 ATTENDANT CALL SYSTEM - SPLIT ATTEN *
2334CH3304 AUDIO ENTERTAINMENT SYSTEM - BFE SO *
2334CH3320 AUDIO ENTERTAINMENT SYSTEM - BFE SO *
2341CH3007 INTERPHONE SYSTEM REVISION *
2342CH3012 FLIGHT ATTENDANT HANDSET - REVISION *
2350CG3158 CONTROL WHEEL INTERPHONE SWITCH *
2350CH3201 AUDIO SELECTOR PANEL - INSTALLATION *
2350CH3248 INTERPHONE SYSTEM - FLIGHT DECK CAL *
2350CH3258 LOGO/PHOTOPRINT FRME INST FLYAWAY *
2370CH3183 SOLID STATE VOICE RECORDER WITH TWO *
2420CH3404 POWER SYSTEM - 90 KVA POWER FEEDERS *
2433CG3136 STANDBY POWER - AIR TRAFFIC CONTROL *
2433CH3153 STANDBY POWER - LOADS ADDITION - FM *
2433CG3157 STANDBY POWER - 60-MINUTE CAPABILIT *
2511CG3076 SECOND OBSERVER'S SEAT - ADDITION *
2511CG3077 SECOND OBSERVER'S SUPPORT EQUIPMENT *
2511CH3081 FLIGHT DECK ID PLACARD - AIRPLANE N *
2520CH3018 FLIGHT ATTENDANT CHECKIST HOLDER *
2520CH3892 MONUMENT ARRANGEMENT - GALLEYS G1, *
2520CH3893 ALTERNATE INTERIOR ARRANGEMENT CERT *
2520CH3908 INTERIOR ARRANGEMENT - 184 TOURIST *
2521MP3029 MOD HARDPTS & FOOT PRNTS FOR GALLEY *
2521CH3258 LOGO/PHOTOPRINT FRAME INSTALL *
2521MP3306 INSULATION BLKT-REV-PRVS/WINDW PLUG *
2523MP3167 PASSENGER SERVICE UNIT - ATTENDANT *
2523MP3168 SEAT ROW INDICATORS CHARACTER *
2524MP3628 MOVEABLE CLASS DIVIDER-PROVISIONS *
2527MP3180 KICKSTRIP INSTERT REV *
2528CH3224 CENTERLINE OVERHEAD STOWAGE COMPART *
2528CH3225 CENTERLINE OVERHEAD STOWAGE COMPART *
2528CH3226 CENTERLINE OVERHEAD STOWAGE COMPART *
2528CH3227 EMERGENCY EQUIPMENT STOWAGE BOXES - *
2528CH3228 EMERGENCY EQUIPMENT STOWAGE BOXES - *
2529CH3527 FLIGHT ATTENDANT SEATS - REVISION T *
2530CH3687 INTERGAL CHILLER - GALLEY G2/G2A - *
2530CH3690 INTERGAL CHILLER - GALLEY G7/G7A (K *
2530CH3696 GALLEY G4B - INSTALLATION OF SYSTEM *
2530CH3697 GALLEY G2 - INSTALLATION OF PARTIAL *
2530CH3701 GALLEY G7 - INSTALLATION OF PARTIAL *
2530CH3702 GALLEY G4B - INSTALLATION OF HARDPO *
2530CH3703 GALLEY G1 - INSTALLATION OF PARTIAL *
2530CH3706 INTERGAL CHILLER - GALLEY G4B - INS *
2530CH3711 GALLEY G2/G2A - INSTALLATION OF HAR *
|
P.A. No. 2241 A-1-3 SA-5
Exhibit A-1 to
Purchase Agreement No. 2241
Page 4
*
CHANGE No. TITLE PRICE
============================================================ ==========
2530MP3786 GALLEY G7 INSTL OF PRTL PROVS *
2540CH3225 LAVATORY LA - INSTALLATION OF PARTI *
2540CH3226 LAVATORY LD - INSTALLATION OF PARTI *
2540CH3227 LAVATORY LE - INSTALLATION OF PARTI *
2540CH3240 HANDICAP ASSIST RAIL ORIENTATION - *
2540CH3249 LAVATORY AMENITIES COLLECTOR - LAVA *
2540CH3250 DOOR LOCK - LAVATORY LD, LE - ADAMS *
2540CH3251 DUAL FACIAL TISSUE DISPENSER - INST *
2540CH3251 DUAL FACIAL TISSUE DISPENSER - INST *
2540CH3277 LAVATORY ASHTRAY - RELOCATION *
2541CH3072 COAT HOOK - INSTALLATION - LAVATORI *
2550CG3210 CARGO COMPARTMENT NETS WITH NYLON T *
2550CG3220 FWD AND AFT CARGO COMPARTMENT FLOOR *
2550CG3226 FWD AND AFT CARGO COMPARTMENT LININ *
2550CH3271 CARGO COMPARTMENT CARGO RESTRAINT S *
2550MP3364 CARGO COMP CARGO RESTRAINT SYS-DEL *
2560CH3294 FLIGHT DECK EMERGENCY EQUIPMENT - S *
2560CH3314 OVERWATER EMERGENCY EQUIPMENT - INS *
2560CH3324 EMERGENCY EQUIPMENT COLLECTOR - INS *
2560MP3339 SMOKE HOOD & MEGAPHONE-BFE RELOC *
2562CH3116 LIFE VEST INSTALLATION - FOUR FLIGH *
2563CH3017 AURAL EMERGENCY EVACULATION ALARM A *
2564CH3088 FLIGHT DECK EMERGENCY EQUIPMENT - R *
2564MP3135 FIRST AID KITS-REPLACE DME(BFE) ILO *
2614CH3085 JAMCO LAVATORY SMOKE DETECTOR SYSTE *
2622MP3013 APU FIRE BOTTLE REVISION - INTERCHA *
2622CH3022 APU FIRE EXTINGUISHING SYSTEM - AUT *
2626CG3024 FIRE EXT. INSTL *
2841CG3093 INCREASED FUEL SYSTEM ACCURACY - IN *
2841CG3095 FUEL QUANTITY INDICATORS ON RIGHT W *
2844CG3043 MEASUR STICK CONVERS TABLES-KILOGRM *
2901CH3018 REPLACEMENT OF ALUMINUM HYDRAULIC F *
2910CG3094 ENGINE DRIVEN HYDRAULIC PUMP WITH V *
2910CG3098 AC MOTOR-DRIVEN HYDRAULIC PUMPS - I *
3040CG3040 FLIGHT COMPARTMENT HEATING - NO. 3 *
3120CH3020 FLIGHT DECK - MECHANICAL TIMER - IN *
3120MP3026 CAPTAINS AND FIRST OFFICERS CLOCKS *
3120CH3042 MECHANICAL TIMER-RELOCATE AFT OVER- *
3131CG3673 ACCELEROMETER - INSTALLATION - BFE *
3131CG3684 DIGITAL FLIGHT DATA RECORDING SYSTE *
3131CH3762 DIGITAL FLIGHT DATA ACQUISTION UNIT *
3131CG3808 SOLID STATE DIGITAL FLIGHT DATA REC *
3131CH3822 DFDAU - ACMS AIRLINE SOFTWARE - LOA *
3135CH3084 MILTOPE ARINC 744 FULL FORMAT PRINT *
3135MP3157 REV ARINC 744 MLTIPRT FULL FRMT PRT *
3135CH3163 ACMS EVENT/PRINT SWITCH RELOCATION *
3162CG3013 EFIS/MAP DISPLAY FORMAT *
3162CG3014 PFD/ND DISPLAY FORMAT *
3162CG3015 FLIGHT DIRECTOR COMMAND DISPLAY - S *
|
P.A. No. 2241 A-1-4 SA-5
Exhibit A-1 to
Purchase Agreement No. 2241
Page 5
*
CHANGE No. TITLE PRICE
============================================================ ==========
3162CG3016 FLT DRCTR COMND DSPL-FIL INTGRT CUE *
3162CG3019 RADIO ALTITUDE DISPLAY - ROUND DIAL *
3162CG3021 RADIO ALTITUDE - BELOW ADI *
3162CG3022 RISING RUNWAY DISPLAY *
3162CG3025 RADIO ALTITUDE HEIGHT ALERT DISPLAY *
3162CG3027 ATTITUDE COMPARATOR-FLASHING *
3162CG3028 SINGLE CHANNEL AUTOPILOT ANNUNCIATI *
3162CG3030 LOICALIZER BACKCOURSE POLARITY-NON *
3162CG3033 MAP MODE ORIENTATION - HEADING UP *
3162CG3036 AUTOTUNED NAVAIDS - DISPLAYED *
3162CG3037 AUTOTUNED NAVAIDS - SUPPRESSED *
3162CG3038 MANUALLY TUNED VOR SELECTED COURSE *
3162CG3039 MNL TUNE VOR SLCT COURSE LINE-SUPRS *
3162CG3040 ADF POINTER(S) IN MAP MODE - FULL T *
3162CG3043 POSITION DIFFERENCE - FULL TIME DIS *
3162CG3044 WEATHER RADAR RANGE INDICATORS - RA *
3162CG3052 TCAS RESOLUTION ADVISORY ON ADI *
3162MP3053 TCAS RESOLUTION ADVISORY ON IVSI *
3162CG3056 ANALOG FAILURE FLAGS - NOT DISPLAYE *
3162CG3105 ENGINE INSTRUMENTS DISPLAY - OVER A *
3162CG3107 CDS FUEL FLOW DISPLAY - FULL TIME *
3162CG3108 OIL QUANTITY DISPLAY - LITERS *
3162CG3110 DA/MDA BARO BUG - ADDITION TO PFD A *
3162CH3136 CONTROL SURFACE POSITION INDICATOR *
3162MP3148 CDS SOFTWARE CHG-EFIS MAP FORMAT *
3162MP3159 REV TO SUPPRESS DISPLAY AUTOTUNED *
3162MP3235 COMMON DISPLAY SYS REV PFD/ND FORMA *
3162A072A09 REMOVE V1 AURAL CALLOUT FEATURE *
3240CG3229 NOSE AND MAIN LANDING GEAR WHEELS A *
3245CG3040 BIAS NOSE LANDING GEAR TIRES - 27X7 *
3250CG3008 NOSE GEAR STEERING CONTROL WHEEL - *
3321CH3028 FORWARD ENTRY OVERHEAD LIGHT - AUTO *
3321CH3029 RAPID DECOMPRESSION LIGHTING - REVI *
3321CH3030 FRWD ENTRY OVHD LIGHT BEZEL INSTAL *
3342CG3024 NOSE GEAR TAXI LIGHT - INSTALLATION *
3343CH3042 POSITION/STROBE LIGHTS - SWITCH ARR *
3345CH3030 LOGO LIGHTS - SWITCH AUTO MODE - AD *
3351CH3033 FLOOR PROXIMITY EMERGENCY ESCAPE PA *
3351MP3054 FLOOR PROXIMITY LIGHTING SYST-REV *
3351MP3071 EXIT SIGN RELOCATION MID CABIN *
3421CH3066 IRS MODE SELECT UNIT - GPS CAPABLE *
3422CH3381 STANDBY RMI - DELETION *
3422MP3411 STANDBY RMI - ADDITION *
3423CH3042 STANDBY FLIGHT DISPLAY - PARTIAL PR *
3430CG3034 MMR-PARTIAL PROV. FOR DUAL MLS *
3430CG3054 MMR PARTIAL PROV FOR GLOBAL POSIT *
3430CG3060 MMR-INSTAL OF ILS/GPS BFE ROCKWELL *
3433CG3058 LOW RANGE RADIO ALTIMETER (LRRA) - *
3443CG3184 WEATHER RADAR - INSTALLATION - TRAN *
|
P.A. No. 2241 A-1-5 SA-5
Exhibit A-1 to
Purchase Agreement No. 2241
Page 6
*
CHANGE No. TITLE PRICE
============================================================ ==========
3443CH3189 WEATHER RADAR SYSTEM - PARTIAL PROV *
3443CH3217 WEATHER RADAR SPLIT FUNCTION CONTRO *
3445CH3246 TCAS II - INSTALLATION - BFE HONEYW *
3446CH3157 GPWS "BANK ANGLE" VOICE CALLOUT - D *
3446CH3180 GPWS RADIO ALTITUDE VOICE CALLOUTS *
3446MP3196 ENHANCED GROUND PROXIMITY WARNING S *
3446MP3202 GRND PROX MODE 6 VOICE CALLOUT *
3446MP3208 GPWS BANK ANGLE VOICE CALLOUT *
3451CG3005 VOR/MARKER BEACON - INSTALLATION - *
3453CH3284 ATC CONTROL PANEL - GABLES P/N G699 *
3455CG3120 DISTANCE MEASURING EQUIPMENT (DME) *
3457CG3113 AUTOMATIC DIRECTION FINDER (ADF) - *
3457CG3135 AUTOMATIC DIRECTION FINDER (ADF) CO *
3461CG3424 FMC FLIGHT NUMBER ENTRY *
3461CG3427 FMC POSITION UPDATE AND RUNWAY DIST *
3461CG3433 FMS BUILT-IN TEST EQUIPMENT PRINTER *
3461CG3463 FMC OPERATION WITH ASPIRATED TAT PR *
3461CG3465 MULTIPURPOSE CDU WITH FMC, ACARS, A *
3461CG3490 BOEING FURNISHED NAVIGATION DATA BA *
3461CH3540 AIRBORNE DATA LOADER - INSTALLATION *
3461CH3559 FMC-ACTIVATION-QRB TAKEOFF SPEEDS *
3461CH3561 FMC - ACTIVATION - ALTERNATE DESTIN *
3461CH3562 FMC - ACTIVATION - RETENTION OF WAY *
3461CH3563 FMC-ACTIVATION-SPEED & ALTITUDE *
3461CH3564 FMC - ACTIVATION - MESSAGE RECALL *
3461CH3565 FMC - ACTIVATION - ACARS ARINC 724B *
3461CH3579 FMC - NAVIGATION DATABASE CAPACITY *
3461CH3655 FMC - POST DELIVERY MODIFICATION FO *
3461CH3656 DISPLAY SELECT MOD P5-28 ADD OF FL. *
3461CH3665 FMCS OPTIONAL FEATURE - JAA FLIGHT *
3461MP3722 ADL/PDL SWTCHING CAPABILITY *
3500CG3018 OXYGEN SYSTEM - ALL TUBING AND FITT *
3510CG3098 CREW OXYGEN CYLINDER - 114 CUBIC FE *
3510CH3110 CREW OXYGEN SYSTEM - CAPTAIN, FIRST *
3510MP3137 CREW OXY SYS-CAPT,FOFC,FOBS *
3510MP3139 CREW OXY SYS-2ND OBS *
3520MP3034 ATTENDANT OXYGEN MASKS IN ENCLOSED *
3530CH3114 PORTABLE OXYGEN - ADDITION - PASSEN *
3810CH3081 POTABLE WATER SYSTEM - FILTER INSTA *
3811CH3003 HEATER POTABLE SUPPLY LINES - UNDER *
3811CH3003 HEATER POTABLE SUPPLY LINES - UNDER *
3831CG3027 GRAY WATER DRAIN ROUTING REVISION - *
3832CH3101 VACUUM WASTE SYSTEM - INSTALLATION *
3910CH3136 AFT OVERHEAD PANEL - HEADSTRIKE PRO *
3910CH3155 AFT ELECTRONICS PANEL ARRANGEMENT *
3910CH3203 AFT ELECTRONICS PANEL (P8) REARRAN- *
3910CH3204 AFT OVERHEAD PANEL(P5) REARRANGMNT *
3920CH3112 E/E EQUIPMENT (E5-1) SHELF INSTALLA *
3920MP3134 AUX E/E EQUIPMENT RACK(38)-DELETION *
|
P.A. No. 2241 A-1-6 SA-5
Exhibit A-1 to
Purchase Agreement No. 2241
Page 7
*
CHANGE No. TITLE PRICE
============================================================ ==========
4960MP3024 APU SOFTWARE LOADING-ONBOARD FROM *
5200CG3021 HOLD OPEN LOCK INSTALLATION - ENTRY *
5312CH3106 DELETION OF HAND PUMP FOR THRUST *
5320CH3035 FLOOR PANEL REPLACEMENT - HEAVY DUT *
5320MP3056 FLOOR PANELS-REPLACEMENT *
7110MP3012 DEL HAND PUMP FOR THRUST REVERSER C *
7200CG3246 AIRPLANE PERFORMANCE: CFM56-7 ENGI *
7200CH3292 INTERMIX/SUBSTTITUTION/DERATE OF CF *
7200MP3351 7B27 RATING ILO OF EXIST 7B26 RATIN *
7731CG3040 ENGINE VIBRATION MONITORING (EVM) S *
7900CG3029 LUBRICATING OIL - ESSO/EXXON TURBO *
1110A070B99 ADD KLM ALLIANCE LOGO TO EXT MRKGS *
1110A070C37 EXTERIOR DECORATIVE FINISH REVISION *
1127A070C01 ADDITION OF A NITROGEN ONLY TIRE *
2321A070B91 SELCAL INSTALL IN THE AFT ELEC PNL *
2342MP3019 FLIGHT ATTENDANT HANDSET-INSTALL *
2528CH3225 CENTERLINE OVERHEAD STOWAGE COMPART *
2529MP3538 ATTENDANT STOWAGE BOX-REV *
2553A070B76 A.C.E. ABOVE FLOOR LOADING SYSTEM *
2553A070B77 A.C.E. ABOVE FLOOR LOADING SYSTEM *
2563A070B85 AURAL EMERGENCY EVAC. ALARM SYTEM *
2624A070B79 LOW PRESSURE WARNING SYSTEM, LAV *
3445A185A01 TRAFFIC ALERT & COLLISION AVOID SYS *
MISC/FAA FIRE DETECTION SUPPRESSION *
MISC/FAA DFDR INCREASED PARAMETERS (FAA) *
--
TOTAL FEATURES *
|
P.A. No. 2241 A-1-7 SA-5
AIRCRAFT CONFIGURATION
between
THE BOEING COMPANY
and
INTERNATIONAL LEASE FINANCE CORPORATION
|
Exhibit A-2 to Purchase Agreement Number 2241
MODEL 737-809 AIRCRAFT
THE ILFC/* CONFIGURATION
P.A. No. 2241 A-2-i SA-5
AIRCRAFT CONFIGURATION
Dated December 29, 2000
relating to
BOEING MODEL 737-809 AIRCRAFT
THE ILFC/* CONFIGURATION
|
The Detail Specification is Boeing Detail Specification D019A001*38P-1, Revision A, dated as of August 31, 2000 including changes identified below. Such Detail Specification includes the effects of such changes on Manufacturer's Empty Weight (MEW) and Operating Empty Weight (OEW). The Aircraft Basic Price reflects and includes all effects of such changes of price, except such Aircraft Basic Price does not include the price effects of Change Requests changing Buyer Furnished Equipment to Seller Purchased Equipment.
P.A. No. 2241 A-2-1 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
0110CG3022 *
MODEL 737-800 AIRPLANE
0160MS3181 *
AIRPLANE IDENTIFICATION NUMBERS - INSTALLATION - *
0220CH3313 *
TEN MINUTE TAKEOFF THRUST - CFM56-7 OPERATED AT 26,400
POUNDS
0225CH3027 *
EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) - 120 MINUTES
- OPERATIONS MANUAL CHANGE
0252CG3030 *
CARGO COMPARTMENT PLACARDS - POUNDS AND KILOGRAMS PER
SQUARE FOOT
0252CH3056 *
UNITS OF MEASURE - INSTALLATION - ENGLISH UNITS FOR MA
NUALS AND DISPLAYS AND DEGREES CELCIUS FOR TEMPERATURE
0253A632A28 *
MP - SPE TO BFE - REVISE - ILF/*
0253CG3064 *
CHANGE BUYER FURNISHED EQUIPMENT (BFE) TO SELLER PURCH
ASED EQUIPMENT (SPE)
0254CH3002 *
CERTIFICATION OF SANITARY CONSTRUCTION
0310CH3377 *
WEIGHT COLLECTOR: MAXIMUM TAXI WEIGHT OF 173,000 POUND
S, MAXIMUM LANDING WEIGHT OF 144,000 POUNDS, AND MAXIM
UM ZERO FUEL WEIGHT OF
0351A609C19 *
MP - TAKE-OFF PERFORMANCE IMPROVEMENT ALTERNATE FORWAR
D CENTER OF GRAVITY LIMITS
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-2-2 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
1110A632A15 *
MP - EXTERIOR COLOR SCHEME - IFL/* 737-800
1110CH3394 *
EXTERIOR DECORATIVE MARKINGS - INSTALLATION - *
(*)
2130CG3039 *
600 FPM CABIN PRESSURE ASCENT RATE
2130CG3040 *
350 FPM CABIN PRESSURE DESCENT RATE
2158CH3012 *
COOLING DUCT - INSTALLATION - E8 RACK
2160CG3017 *
CABIN TEMPERATURE INDICATOR - DEGREES CELSIUS
2210CG3050 *
ENABLE GLIDE SLOPE CAPTURE BEFORE LOCALIZER CAPTURE -
FLIGHT CONTROL SYSTEM
2210CG3198 *
DIGITAL FLIGHT CONTROL SYSTEM (DFCS) - CONTROL WHEEL S
TEERING WARNING
2210CG3199 *
DIGITAL FLIGHT CONTROL SYSTEM (DFCS) - AIRSPEED DEVIAT
ION WARNING
2210CG3205 *
RED NON-DIMMABLE "AUTOLAND" WARNING LIGHTS
2210CG3210 *
DIGITAL FLIGHT CONTROL SYSTEM (DFCS) - SPEED AND ALTIT
UDE INTERVENTION - AUTOPILOT ENGAGE MODE CONTROL PANEL
2210CG3235 *
DIGITAL FLIGHT CONTROL SYSTEM (DFCS) - ACTIVATION - AL
TITUDE ALERT - 300/900 FEET, FIXED ALERT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-2-3 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
2210CG3237 *
DIGITAL FLIGHT CONTROL SYSTEM (DFCS)-FLIGHT DIRECTOR T
AKEOFF MODE WINGS LEVEL
2310CH3027 *
RADIO TUNING PANELS (RTP) - INSTALLATION - BFE GABLES
P/N G7404-04
2311CH3424 *
HF DATA RADIO - DUAL ROCKWELL ARINC 719/753 SYSTEM WIT
H HFS-900D DATA RADIOS WITH PARTIAL WIRING PROVISIONS
FOR HF DATALINK
2311MP3553 *
HF COMMUNICATIONS - REPLACEMENT- BFE ROCKWELL INTERNAT
IONAL CORP COUPLER P/N 822-0987-002 IN LIEU OF P/N 822
-0987-001
2312CG3341 *
TRIPLE VHF COMMUNICATIONS - INSTALLATION - BFE ALLIEDS
IGNAL QUANTUM SERIES
2312CH3391 *
VHF COMMUNICATIONS - 8.33KHZ FREQUENCY SPACING - ACTIV
ATION
2321CG3527 *
SELCAL DECODER - INSTALLATION - BFE - COLTECH INC
2321CG3529 *
SELCAL CONTROL PANEL - INSTALLATION - GABLES WITH FIVE
INDIVIDUAL CHANNEL ANNUNCIATIONS - BFE
2322A632A32 *
AIRSHOW DELIVERY DISK (CD ROM)
2322CG3363 *
AIRPLANE COMMUNICATIONS ADDRESSING & REPORTING SYSTEM
(ACARS)- INSTALL PARTIAL PROVISIONS - FOR ARINC 724B S
YS. W/DEDICATED VHF CONTROL PANELS
|
P.A. No. 2241 A-2-4 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
2322CH3506 *
ARINC 724B SINGLE ACARS - BFE ALLIEDSIGNAL INC. ACARS
MANAGEMENT UNIT, P/N 965-0758-001 - INSTALLATION INTO
EXISTING PROVISIONS
2322CH3513 *
ARINC 758 COMMUNICATIONS MANAGEMENT UNIT (CMU) - INSTA
LL LIMITED PARTIAL PROVISIONS FOR DUAL ARINC 758 CMU C
OMPATIBLE WITH EXISTING
2331CH3220 *
PRE-RECORDED ANNOUNCEMENT/BOARDING MUSIC MACHINE - INS
TALLATION - BFE SONY INSTEAD OF BFE MATSUSHITA
2331MP3271 *
PASSENGER ADDRESS AMPLIFIER REPLACEMENT - SPE COLLINS
PAU 700 (ARINC 715) IN LIEU OF SPE COLLINS 346D-2B
2331MP3278 *
PRAM REPLACEMENT
2332A609B83 *
MP - VIDEO REPRODUCER UNIT (VRU) - REVISE - BFE
2332A632A32 *
MP - BSS -AIRSHOW DELIVERY DISK (CD ROM) - REVISE - BF
E/SPE SUBSTITUTION
2332CH3478 *
VIDEO ENTERTAINMENT SYSTEM - VIDEO DISTRIBUTION UNIT B
ASED - PARTIAL WIRING PROVISIONS
2332CH3578 *
BFE AIRSHOW 420 SYSTEM FOR SONY VIDEO SYSTEM - INSTALL
ATION - PASSENGER CABIN - VIDEO ENTERTAINMENT
2332CH3658 *
VIDEO ENTERTAINMENT SYSTEM - INSTALLATION - BFE SONY T
RANS COM AVIONICS SYSTEM WITH 8.6-INCH LCD PSU MOUNTED
MONITORS
2334A609B43 *
MP - AUDIO ENTERTAINMENT - SONY DADS - 168 PAX - BFE
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-2-5 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
2334CH3241 *
AUDIO ENTERTAINMENT SYSTEM - BFE SONY TRANS COM FOUR D
ECK COMPACT DISK REPRODUCER - P/N 980-9900-001
2334CH3297 *
AUDIO ENTERTAINMENT SYSTEM - BFE SONY TRANSCOM SYSTEM
- INSTALLATION
2350CG3158 *
CONTROL WHEEL INTERPHONE SWITCH REVISION - SPRING LOAD
ED TO OFF
2350CG3184 *
AUDIO SELECTOR PANEL - INSTALLATION - 3 VHF/2HF (P/N 1
0-62090-64)
2350CH3225 *
HEADPHONES AND MICROPHONES - INSTALLATION - FLIGHT COM
PARTMENT
2351MP3008 *
GALLRY SERVING CARTS-CERT
2370CH3219 *
SOLID STATE VOICE RECORDER WITH TWO HOUR RECORDING CAP
ABILITY - INSTALLATION - BFE L-3 COMMUNICATIONS (2100-
1020-00)
2433CG3136 *
STANDBY POWER - AIR TRAFFIC CONTROL (ATC) NO 1
2433CG3157 *
STANDBY POWER - 60-MINUTE CAPABILITY
2433CH3153 *
STANDBY POWER - LOADS ADDITION - FMS, CDS & DME
2511CG3076 *
SECOND OBSERVER'S SEAT - ADDITION
2511CH3095 *
SECOND OBSERVER'S SUPPORT EQUIPMENT WITH FULL FACE OXY
GEN MASK WITH BUILT IN GOGGLES - ADDITION
---------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-2-6 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
2513CG3070 *
FLIGHT DECK DOCUMENTATION BOX INSTALLATION - LEFT SIDE
BEHIND PILOT - SFE
2513CH3088 *
ROLLER SUNSHADES - INSTALLATION - NUMBER 2 AND 3 FLIGH
T DECK WINDOWS - 737-600/700/800
2513CH3105 *
FLIGHT DECK DOCUMENTATION BOX INSTALLATION-RIGHT SIDE
BEHIND FIRST OFFICER - SFE
2520A632A06 *
MP - INTERIOR REVISION - 168 TOURIST CLASS
2520CH3967 *
INTERIOR COLOR AND DECOR - INSTALLATION - PASSENGER CA
BIN - * (*)
2521CH3091 *
INTERIOR ARRANGEMENT - INSTALLATION - PASSENGER CABIN
(8 BUSINESS CLASS AND 150 ECONOMY CLASS) - *
(*)
2521MP3251 *
INTERIOR ARRANGEMENT - REVISION
2527MP3164 *
GALLEY/ENTRYWAY MAT MATERIAL - REVISION - PASSENGER CA
BIN
2530MP3836 *
G2 GALLEY WATER - INSTALLATION - PASSENGER CABIN
2541MP3068 *
LAVATORY UNITS - REVISION - LIQUID SOAP
2550CG3210 *
CARGO COMPARTMENT NETS WITH NYLON TYPE WEB SUPPORTS FO
R 737-800
|
P.A. No. 2241 A-2-7 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
2550CG3220 *
FWD AND AFT CARGO COMPARTMENT FLOOR PANELS - ALL ALUMI
NUM FOR 737-800
2550CG3226 *
FWD AND AFT CARGO COMPARTMENT LINING - HEAVIER GAGE FI
BERGLASS FOR 737-800
2562MP3222 *
LIFE RAFTS-REPLACEMENT
2564A609C03 *
MP-BSS - LIFE VEST - REPLACEMENT - BFE/SPE SUBSTITUTI
ON
2564A609C18 *
LIFEVEST - REPLACEMENT
2564CH3118 *
EMERGENCY EQUIPMENT - INSTALLATION - FLIGHT DECK
2611CG3020 *
ENGINE AND APU FIRE/OVERHEAT DETECTION SYSTEM - WHITTA
KER SAFETY SYSTEMS
2622MP3013 *
APU FIRE BOTTLE - 224 CUBIC INCH - INTERCHANGEABLE WIT
H ENGINE BOTTLE - INSTALLATION - HTL DIVISION
2622MP3015 *
APU FIRE BOTTLE - 72 CUBIC INCH - INSTALLATION - HTL D
IVISION
2626CG3024 *
FIRE EXTINGUISHER - INSTALLATION
2750CH3017 *
FLAP LOAD RELIEF INDICATOR LIGHT
2841CG3095 *
FUEL QUANTITY INDICATORS ON RIGHT WING FUELING PANEL
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-2-8 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
2844CG3040 *
MEASURING STICK CONVERSION TABLES - POUNDS
2910CG3093 *
ENGINE DRIVEN HYDRAULIC PUMP WITH VESPEL SPLINE - ABEX
2910CG3097 *
AC MOTOR-DRIVEN HYDRAULIC PUMPS - INSTALLATION - ABEX
3131CG3673 *
ACCELEROMETER - INSTALLATION - BFE - ALLIEDSIGNAL INC
3131CG3772 *
DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) (P/N ED47
B110) WITH ACMS INTERFACES AND INTERNAL PCMCIA CARD IN
TERFACE - BFE SFIM
3131CH3881 *
SOLID STATE FLIGHT DATA RECORDER - INSTALLATION - BFE
L-E COMMUNICATION (P/N 2100-4043-00)
3135CH3090 *
ARINC 740 MULTIPORT PRINTER - BFE MATSUSHITA AVIONICS
SYSTEMS - INSTALLATION
3135CH3094 *
QUICK ACCESS RECORDER INSTALLATION - BFE PENNEY & GILE
S P/N D52000-62200
3162CG3014 *
PFD/ND DISPLAY FORMAT
3162CG3015 *
FLIGHT DIRECTOR COMMAND DISPLAY - SPLIT AXIS
3162CG3019 *
RADIO ALTITUDE DISPLAY - ROUND DIAL
3162CG3022 *
RISING RUNWAY DISPLAY
3162CG3027 *
ATTITUDE COMPARATOR - FLASHING
|
P.A. No. 2241 A-2-9 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
3162CG3028 *
SINGLE CHANNEL AUTOPILOT ANNUNCIATION (1 CH)
3162CG3032 *
MAP MODE ORIENTATION - TRACK UP
3162CG3036 *
AUTOTUNED NAVAIDS - DISPLAYED
3162CG3044 *
WEATHER RADAR RANGE INDICATORS - RANGE ARCS
3162CG3054 *
TCAS 3 NM RANGE RING
3162CG3056 *
ANALOG FAILURE FLAGS - NOT DISPLAYED
3162CG3105 *
ENGINE INSTRUMENTS DISPLAY-OVER AND UNDER PRESENTATION
3162CG3107 *
CDS FUEL FLOW DISPLAY-FULL TIME
3162CG3109 *
OIL QUANTITY DISPLAY-QUARTS
3162CG3111 *
INSTRUMENT SWITCHING INDICATION- INSTALLATION-CDS DISP
LAY
3162CH3136 *
CONTROL SURFACE POSITION INDICATOR - CDS DISPLAY
3240CG3229 *
BF GOODRICH CO WHEELS AND BRAKES
3244CG3007 *
PARKING BRAKE WARNING LIGHT INSTALLATION ON EXTERNAL P
OWER CONNECTOR PANEL
|
P.A. No. 2241 A-2-10 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
3245CG3040 *
BIAS NOSE LANDING GEAR TIRES - 27X7.75-15 - INSTALLATI
ON - SFE
3342CG3024 *
NOSE GEAR TAXI LIGHT - INSTALLATION - 250-WATT
3412CG3078 *
AIR DATA COMPUTING - TAT PROBE
3423CH3042 *
STANDBY FLIGHT DISPLAY - PARTIAL PROVISIONS
3430A609A88 *
ILS/GPS MMR - SEXTANT
3430CG3054 *
MULTI-MODE RECEIVER (MMR) - PARTIAL PROVISIONS FOR GLO
BAL POSITIONING SYSTEM INSTALLATION IN MMR
3430CG3063 *
MULTI-MODE RECEIVER (MMR) - INSTALLATION OF ILS/GPS -
BFE SEXTANT AVIONIQUE INC
3433CG3056 *
LOW RANGE RADIO ALTIMETER (LRRA) - INSTALLATION - BFE
THOMSON - CSF
3443CH3159 *
WEATHER RADAR - INSTALLATION - BFE ALLIEDSIGNAL INC (W
ITH DEACTIVATED PREDICTIVE WINDSHEAR)
3443CH3189 *
WEATHER RADAR SYSTEM - PARTIAL PROVISIONS FOR PREDICTI
VE WINDSHEAR FEATURE OF AN ARINC 708A SINGLE WEATHER R
ADAR SYSTEM
3445A610A51 *
TCAS - ALLIEDSIGNAL - TCAS CHANGE 7 COMPLIANT
3445CG3169 *
TCAS II - INSTALLATION - BFE ALLIEDSIGNAL INC
|
P.A. No. 2241 A-2-11 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
3446CH3194 *
GROUND PROXIMITY WARNING SYSTEM (GPWS) - INSTALLATION
- OPTIONAL PIN CALLOUTS
3446CH3196 *
ENHANCED GROUND PROXIMITY WARNING SYSTEM (EGPWS) - PAR
TIAL PROVISIONS - PHASE II (BOEING INTEGRATED DESIGN)
3451CG3005 *
VOR/MARKER BEACON - INSTALLATION - BFE ALIEDSIGNAL INC
3453A610A52 *
ALLIEDSIGNAL ATC TRANSPONDER
3455CG3120 *
DISTANCE MEASURING EQUIPMENT (DME) - INSTALLATION - BF
E ALLIEDSIGNAL INC (SCANNING)
3457CG3114 *
DUAL AUTOMATIC DIRECTION FINDERS (ADF) - INSTALLATION
- BFE ALLIEDSIGNAL INC
3457CH3120 *
AUTOMATIC DIRECTION FINDER (ADF) CONTROL PANEL - INSTA
LLATION - BFE GABLES ENGINEERING INC P/N G7403-03 - SI
NGLE PANEL FOR DUAL
3461CG3424 *
FMC FLIGHT NUMBER ENTRY
3461CG3429 *
FMC POSITION UPDATE AND RUNWAY OFFSET UPON TO/GA ACTIV
ATION (IN FEET)
3461CG3432 *
THRUST REDUCTION ALTITUDE - TAKEOFF PROFILE
3461CG3433 *
FMS BUILT-IN TEST EQUIPMENT PRINTER RECEPTACLE
3461CG3465 *
MULTIPURPOSE CDU WITH FMC ACARS AND FLIGHT DATA ACQIOS
OTOPM UNIT INTERFACE
|
P.A. No. 2241 A-2-12 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
3461CG3490 *
BOEING FURNISHED NAVIGATION DATA BASE
3461CG3496 *
FMC - INSTALLATION OF A SECOND 4 MCU, UPDATE 10 FMC WI
TH 256K NAVIGATION DATA BASE INTO EXISTING PARTIAL PRO
VISIONS
3461CG3497 *
FMC - ACTIVATION - ENHANCED OPERATIONAL FEATURES
3461CH3566 *
FMC - NAVIGATION DATABASE CAPACITY - 256K
3461CH3613 *
AIRBORNE DATA LOADER - INSTALLATION - ALLIEDSIGNAL INC
- BFE
3500CG3018 *
OXYGEN SYSTEM - ALL TUBING AND FITTINGS - STAINLESS ST
EEL
3510CG3098 *
CREW OXYGEN CYLINDER - 114 CUBIC FEET
3510CH3121 *
CREW OXYGEN SYSTEM - CAPTAIN, FIRST OFFICER, AND FIRST
OBSERVER - BFE FULL FACE OXYGEN MASKS WITH BUILT-IN G
OGGLES
3530CG3075 *
PORTABLE PROTECTIVE BREATHING EQUIPMENT - FLIGHT CREW
3910MP3188 *
AFT ELECTRONICS PANEL ARRANGEMENT - INSTALLATION - FLI
GHT COMPARTMENT - * 737-809
3920CH3111 *
AUXILIARY E/E EQUIPMENT (E8) RACK INSTALLATION
5200CG3021 *
HOLD OPEN LOCK INSTALLATION - ENTRY AND SERVICE DOORS
- DOWN TO RELEASE
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-2-13 SA-5
ILF/* 737-809
PRICE PER A/P
CR / TITLE (in *)
================================================================================
5320CG3027 *
FIVE POUND ALUMINUM UNDERSEAT FLOOR PANELS FOR 737-800
5320MP3040 *
FIVE POUND ALUMINUM UNDERSEAT FLOOR PANELS FOR 737-800
WITH LAVATORY G OPTION
7200CG3246 *
AIRPLANE PERFORMANCE: CFM56-7 ENGINES WITH OPERATIONAL
THRUST OF 26,400 LBS FOR 737-800
7200CG3281 *
SINGLE ANNULAR COMBUSTOR - CFM56-7 SERIES ENGINES
7731A095A16 *
MP - ENGINE VIBRATION MONITORING (EVM) WITH ON-BOARD E
NGINE TRIM BALANCE - ENDEVCO IN LIEU OF EXISTING ENDEV
CO EVM
7731CG3037 *
ENGINE VIBRATION MONITOR (EVM) SIGNAL CONDITIONER - IN
STALLATION - ENDEVCO
7900CG3029 *
LUBRICATING OIL - ESSO/EXXON TURBO OIL 2380
MISC/FAA *
DFDR INCREASED PARAMETERS (FAA)
MISC/FAA2 *
FIRE PROTECTION & SUPPRESSION
|
CR'S 150 TOTAL *
P.A. No. 2241 A-2-14 SA-5
AIRCRAFT CONFIGURATION
between
THE BOEING COMPANY
and
INTERNATIONAL LEASE FINANCE CORPORATION
Exhibit A-3 to Purchase Agreement Number 2241
MODEL 737-8Q8 AIRCRAFT
THE ILFC/* CONFIGURATION
|
P.A. No. 2241 A-3-i SA-5
AIRCRAFT CONFIGURATION
Dated: December 29, 2000
relating to
BOEING MODEL 737-8Q8 AIRCRAFT
THE ILFC/* CONFIGURATION
|
The Detail Specification is Boeing Detail Specification D6-38808-18 dated as of April 7, 2000 including changes identified below. Such Detail Specification includes the effects of such changes on Manufacturer's Empty Weight (MEW) and Operating Empty Weight (OEW). The Aircraft Basic Price reflects and includes all effects of such changes of price, except such Aircraft Basic Price does not include the price effects of Change Requests changing Buyer Furnished Equipment to Seller Purchased Equipment.
P.A. No. 2241 A-3-1 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ---- -------
0110CG3022 MODEL 737-700 AIRPLANE *
0220CH3310 JOINT AVIATION AUTHORT VALID REQ *
0252CG3030 CARGO COMPARTMENT PLACARDS - POUNDS *
0252CG3031 FLIGHT MANUAL AND OPERATIONS MANUAL *
0254MP3006 USPH CERTFCT OF SANITARY CONSTRUCTN *
1110CG3289 ENGINE WARNING STRIPES AND DECALS - *
1110CH3317 EXTERIOR DECORATIVE FINISH - CROWN *
1130CH3063 SFE OWNERSHIP PLACARD INSTALLATION *
1130CH3064 OWNER'S NAMEPLATES - FLIGHT COMPART *
2130CG3039 600 FPM CABIN PRESSURE ASCENT RATE *
2130CG3040 350 FPM CABIN PRESSURE DESCENT RATE *
2160CG3018 CABIN TEMPERATURE INDICATOR - DEGRE *
2210CG3209 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2210CG3235 DIGITAL FLIGHT CONTROL SYSTEM (DFCS *
2210CG3237 DFCS ACTIV-F D TAKEOFF MODE,WINGS *
2311CH3368 HF COMMUNICATIONS - BFE ROCKWELL IN *
2311CH3383 HF COMM CNTRL PANEL REV ILO ROCKWL *
2312CH3309 DUAL VHF COMMUNICATIONS SYSTEM - IN *
2312CH3319 REV VHF COMM SYS BFE GABLES CNTRL *
2321CG3528 SECAL DECODER- INSTALLATION *
2321CH3560 SELCAL DECODER- CONTROL PANEL *
2334CH3241 AUDIO ENTERTAINMENT SYSTEM - BFE *
2334CH3334 AUDIO ENTRNMT SYS BFE SONY TRANSCOM *
2350CG3158 CONTROL WHEEL INTERPHONE SWITCH *
2350CH3171 AUDIO SELECTOR PANEL - INSTALLATION *
2370CG3166 SOLID STATE VOICE RECORDER - INSTAL *
2433CG3137 STANDBY POWER 60 MIN. CAP. *
2450CH3117 GALLEY POWER - FWD GALLEY AREA - 17 *
2511CG3055 ADJUSTABLE HEAD RESTS CAPTAIN AND F *
2511CG3065 FIRST OBSERVER SEAT INSTALLATION - *
2520CH3652 INTERIOR ARRANGEMENT - 737-800 186 *
2550CG3210 CARGO COMPRT NETS W/NYLON TYPE WEB *
|
P.A. No. 2241 A-3 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ----- -------
2550CG3218 FWD AND AFT CARGO COMPARTMENT FLOOR *
2550CG3225 FWD AND AFT CARGO COMPARTMENT LININ *
2611CG3020 ENGINE AND APU FIRE/OVERHEAT DETEC *
2626CG3024 FIRE EXTINGUISHER INSTALLATION *
2841CG3090 FUEL QUANTITY INDICATION - POUNDS *
2841CG3095 FUEL QUANTITY INDICATORS ON RIGHT W *
2844CG3040 MEASURING STICK CONVERSION TABLES - *
2910CG3093 ENG DRV HYD PMP W/VESPEL SPLINE-ABX *
2910CG3097 AC MOTOR-DRIVEN HYDRAULIC PUMPS - I *
3131CG3673 ACCELEROMETER - INSTALLATION - BFE *
3131CG3692 SOLID STATE DIGITAL FLIGHT DATA REC *
3131CH3744 DIGITAL FLIGHT DATA ACQUISITION UNI *
3162CG3013 EFIS/MAP DISPLAY FORMAT *
3162CG3015 FLIGHT DIRECTOR COMMAND DISPLAY - S *
3162CG3020 RADIO ALTITUDE - ABOVE ADI *
3162CG3022 RISING RUNWAY DISPLAY *
3162CG3025 RADIO ALTITUDE HEIGHT ALERT DISPLAY *
3162CG3027 ATTITUDE COMPARATOR-FLASHING *
3162CG3029 LOCALIZER BACKCOURSE POLARITY - REV *
3162CG3032 MAP MODE ORIENTATION - TRACK UP *
3162CG3036 AUTOTUNED NAVAIDS - DISPLAYED *
3162CG3038 MANUALLY TUNED VOR SELECTED COURSE *
3162CG3042 POSITION DIFFERENCE - AUTOMATIC DIS *
3162CG3045 WEATHER RADAR RANGE INDICATORS - RA *
3162CG3050 TCAS TRAFFIC ON MAP *
3162CG3052 TCAS RESOLUTION ADVISORY ON ADI *
3162CG3056 ANALOG FAILURE FLAGS - NOT DISPLAYE *
3240CG3228 NOSE AND MAIN LANDING GEAR WHEELS A *
3342CG3024 NOSE GEAR TAXI LIGHT - INSTALLATION *
3412CG3078 AIR DATA COMPUTING - DUAL TAT PROBE *
3421CH3061 INERTIAL REFERENCE SYSTEM (IRS) - M *
3421MP3067 IRS DELETION OF MODE RELECT UNIT *
|
P.A. No. 2241 A-3 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ----- -------
3423CH3028 STANDBY ATTITUDE INDICATOR - BFE JE *
3430MP3054 MMR PARTIAL PROV FOR GLOBAL POSIT *
3431CG3050 ILS - INSTALLATION - BFE ROCKWELL I *
3433CH3066 LOW RANGE RADIO ALTIMETER (LRRA) - *
3443CG3161 WEATHER RADAR - INSTALLATION - BFE *
3445CG3168 TCAS II - INSTALLATION - BFE ROCKWE *
3446CG3120 ACTIVATION OF DESCENT BELOW MINIMUM *
3451CG3006 VOR/MARKER BEACON - INSTALLATION - *
3455CG3119 DISTANCE MEASURING EQUIPMENT (DME) *
3457CG3092 AUTOMATIC DIRECTION FINDER CONTROL *
3457CG3106 AUTOMATIC DIRECTION FINDER (ADF) - *
3458CH3099 GLOBAL POSITIONING SYSTEM (GPS) - I *
3458MP3133 GLOBAL POSITIONING SYST - DEL *
3461CG3403 BUYER FURNISHED NAVIGATION DATA BAS *
3461CG3424 FMC FLIGHT NUMBER ENTRY *
3461CG3425 FMC TEMPERATURE SELECTION - DEGREES *
3461CG3433 FMS BUILT-IN TEST EQUIPMENT PRINTER *
3461CG3464 FLIGHT MANAGEMENT COMPUTER SYSTEM - *
3461CH3505 FLIGHT MANAGEMENT SYSTEM (FMS) - BF *
3461CH3507 FMC - INSTALLATION OF A 4 MCU, UPDA *
3500CG3018 OXYGEN SYSTEM - ALL TUBING AND FITT *
3510CG3096 CREW OXYGEN CYLINDER - 39 CUBIC FEE *
3510CG3102 CREW OXYGEN SYSTEM - CAPTAIN, FIRST *
3520MP3034 ATTENDANT OXYGEN MASKS ENCLOSED G1/ *
5200CG3021 HOLD OPEN LOCK INSTALLATION - ENTRY *
5220MP3019 OVER/WNG HATCH ASSIST HNDLE REV INS *
5260CH3051 FORWARD AIRSTAIRS - PARTIAL PROVISI *
5320CG3026 FIVE POUND ALUMINUM UNDERSEAT FLOOR *
7200CG3255 AIRPLANE PERFORMANCE: CFM56-7 ENGI *
7731CG3037 ENGINE VIBRATION MONITOR (EVM) SIGN *
7900CG3028 LUBRICATING OIL - MOBIL JET II *
0225MP3026 ETOPS *
|
P.A. No. 2241 A-3 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ----- -------
0253MP3121 MISC. EQUIP - BFE TO SPE - IFE BASE *
2210MP3197 ENABLE GLIDE SLOPE *
2311MP3488 HF CONTROL PANEL REV ROCKWELL *
2312MP3509A VHF COMM SYS-GABLES CNTL PNL REV *
2334MP3364 INTERFACE PORT. *
2433MP3157 STANDY POWER 60 *
2450MP3175 12 KVA AT G1 *
2524MP3560 WINDSCREEN ILO G7 LH *
2524MP3577 SFE L/H WINDSCREEN INST *
2527MP3141 PAX COM FLOOR CARE *
2530MP3805 ALT GALLEY AND GALLEY INSERT *
3131MP3855 DFDR CERT ICAO RULES *
3423MP3049 STANDBY ATTITUDE INDICATOR-SFE *
3430MP3030 MULTIMODE RECVR INSTL ILS ONLY BFE *
3430MP3054 MMR PROV FOR GPS *
3457MP3153 ADF CONTROL PANEL G7402-05 ILO *
3458MP3133 P PROV. FOR GPS DEL *
3530MP3117 PORTABLE BREATHING EQUIP *
5320MP3048 G7 MORE PROV. FOR ILF *
7731MP3045 ENGINE VIBRATION MONITOR EVM *
MISC/FAA DFDR INCREASED PARAMETERS (FAA) *
MISC/FAA2 FIRE PROTECTION & SUPPRESSION *
1110A267A58 EXTERIOR COLOR SCHEME AND MARKINGS *
2300A390B60 PASSENGER ADDRESS SYSTEM - ROCKWELL *
2312A051B92 VHF COMM - DUAL ROCKWELL ARINC *
2334A267A53 AUDIO ENTERTAINMENT - DIGITAL AUDIO SONY *
2371A051B93 SOLID STATE BOICE RECORDER ED56A AND *
3430A267A12 MULTI-MODE RECEIVER - REV - INSTL ILS/GPS *
3445A051B89 ATC/TCAS SYSTEM - ROCKWELL CHANGE 7 COM *
3510A051B95 CREW OXYGEN MASKS - FULL FACE MASK WITH *
|
P.A. No. 2241 A-3 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ----- -------
0220A267A62 RO- FAA TYPE CERTIFICATION IN LIEU OF JOINT AVIATION *
AUTHORITIES TYPE CERTIFICATION VALIDATION
0315A555A10 RO- OPERATIONAL WEIGHTS- MTOW OF 174,200, MLW OF *
146,000 AND MZFW 136,000
1110A100L08 RO - EXTERIOR PAINT - DEXTER ECLIPS - ILF/* *
2210A562A01 RO - AUTOFLIGHT - INHIBIT GLIDE SLOPE CAPTURE PRIOR *
TO LOCALIZER CAPTURE IN LIEU OF ENABLE GLIDE SLOPE
CAPTURE PRIOR TO LOCALIZER CAPTURE
2210A637A06 RO - AUTOFLIGHT - FLIGHT DIRECTOR TAKEOFF *
MODE HEADING SELECT IN LIEU OF WINGS LEVEL
2210A637A07 RO - AUTOFLIGHT - ALTITUDE ALERT - 200/900 FEET *
IN LIEU OF 300/900 FEET
2310A051C00 RO - COMMUNICATIONS CONTROL PANELS - TRIPLE *
GABLES RADIO TUNING PANELS CAPABLE OF (2) HF
SYSTEMS AND (3) VHF SYSTEMS (8.33 KHZ CAPABLE) - P/N
G7404-24 - IN LIEU OF EXISTING - BFE
2310A637A08 RO - RTP ANNUNCIATION OF ABSENT COMMUNICATION *
TRANSCEIVERS
2311A562A02 RO - HF COMMUNICATIONS - DUAL ROCKWELL HF *
VOICE/DATA TRANSCEIVERS - P/N 822-0990-002 AND
DIGITAL HF COUPLER - P/N 822-0987-003 - BFE/SPE
2311A562A03 RO - HF COMMUNICATIONS - PARTIAL PROVISIONS FOR *
DUAL ARINC 753 HF DATALINK
2312A051B98 RO - VHF COMMUNICATIONS - TRIPLE ROCKWELL ARINC *
716/75 0 VHF-900B FM IMMUNE TRANSCEIVERS WITH 8.33
KHZ CHANNEL SPACING AND CMC INTERFACE CAPABILITY
IN LIEU OF DUAL - P/N 822-1047-003 - BFE
2322A051C03 RO - ACARS - PARTIAL PROVISIONS FOR SINGLE ARINC 724B *
ACARS
|
P.A. No. 2241 A-3 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ----- -------
2322A051C04 RO - ACARS MANAGEMENT UNIT ARINC 724B *
UPGRADEABLE TO CMU -ROCKWELL - INSTALLATION INTO
EXISTING PARTIAL PROVISIONS - P/N 822-0666-003 - BFE/SPE
2322A051C06 RO - ACARS - ARINC 716 VHF VOICE MODE PROTECTION *
2331A127C21 RO - PASSENGER ADDRESS (PA) SYSTEM - SELECTED *
FEATURES - ILFC/* - BFE
2331A127C22 RO - PASSENGER ADDRESS - PRAM - MATSUSHITA - BFE *
2342A637A39 RO - CABIN INTERPHONE SYSTEM - CABIN INTERPHONE *
HANDSET - FLIGHT COMPARTMENT - ATTENDANT TYPE
2351A637A13 RO - HAND HELD MICROPHONE - CAPTAIN AND FIRST OFFICER - TELEX - *
P/N 63999-000 - BFE/SPE
2351A637A14 RO - HAND HELD MICROPHONE - FIRST OBSERVER - TELEX - P/N 63999-000 - *
IN LIEU ON ELECTROVOICE - BFE/SPE
2351A637A15 RO - HEADPHONE - FIRST OBSERVER - TELEX - P/N 64400-000 - *
IN LIEU OF TELEPHONICS - P/N 20046-1 - BFE/SPE
2351A637A16 RO - PUSH TO TALK (PTT) SWITCH ON GLARESHIELD *
2433A562A25 RO - STANDBY BUS - LOADS ADDITION - FMCS, CDS & DME *
2520A100K66 RO - INTERIOR REVISION - 8 F/C AND 160 T/C PASSENGERS - *
WEBER SEATS - ILF/*
2520A100L06 RO - FORWARD AND AFT CARGO CEILING LINERS - 0.030 THICKNESS *
2520A100L09 RO - INTERIOR COLOR AND MATERIAL DEFINITION - *
ILF/*
2530A100L15 RO - GALLEY INSERT REVISION *
2540A100L77 RO - LAVATORY REVISION - COMPOSITE SINK DECK *
LAVATORY LA, LD AND LE AND BI-FOLD DOOR IN LAVATORY LE AND LD
2552A100L04 RO - FLOOR PANELS - 0.071 INCH THICK ALUMINUM - *
FORWARD AND AFT CARGO COMPARTMENT
2552A100L05 RO - CARGO COMPARTMENT SIDEWALL AND BULKHEAD *
LINERS - 0.045 THICKNESS BMS 8-2
|
P.A. No. 2241 A-3 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ----- -------
2560A637A18 RO - PROTECTIVE BREATHING EQUIPMENT - FLIGHT DECK - *
ESSEX PB&R IN LIEU OF PURITAN BENNETT - BFE/SPE
2560A637A19 RO - CREW LIFE VESTS - FLIGHT DECK, NO SECOND *
OBSERVER - EASTERN AERO MARINE - P/N P0723E105P -
IN LIEU OF P/N P01074-109C - BFE/SPE
3120A637A40 RO - ELECTRONIC CLOCK CHRONOMETER SWITCHES - *
ADDITION - PILOTS' GLARESHIELD
3131A637A20 RO - DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) *
WITH ACMS CAPABILITY AND INTEGRATED OPTICAL
DISKETTE DRIVE-TELEDYNE CONTROLS-P/N 2233000-816-1 -
BFE/SPE
3133A637A22 RO - ARINC 744A MULTIPORT PRINTER - PARTIAL *
PROVISIONS - FULL FORMAT WITH GRAPHICS CAPABILITY
3133A637A24 RO - MULTI-INPUT PRINTER - ARINC 744 - MILTOPE P/N *
700750-112 - BFE/SPE
3162A637A26 RO - CDS DISPLAY - PFD/ND FORMAT - OVER AND UNDER *
ENGINE PRESENTATION WITH RADIO ALTITUDE BELOW
ADI IN LIEU OF EFIS/MAP AND SIDE BY SIDE PRESENTATION
3324A555A26 RO - NO SMOKING SIGN - PERMANENT ILLUMINATION AND *
RETAIN CHIME FUNCTION
3350A100K96 RO - EMERGENCY FLOOR PROXIMITY LIGHTING - REVISION *
FLOOR MOUNTED TO BFE BRUCE INDUSTRIES SEAT/MONUMENT
MOUNTED
3443A637A29 RO - SINGLE WEATHER RADAR CONTROL PANEL - GABLES *
P/N G7407-1 IN LIEU OF ROCKWELL P/N 622-5129-105 - BFE/SPE
3446A637A30 RO - GROUND PROXIMITY WARNING SYSTEM ALTITUDE *
CALLOUTS - 100, 50, 30, 20, 10 - IN LIEU OF MINIMUMS-
MINIMUMS CALLOUT
3453A637A31 RO - ATC SYSTEM - GABLES CONTROL PANEL P/N G6992-40 *
IN LIEU OF P/N G6992-02- BFE/SPE
3457A637A32 RO - SINGLE ADF CONTROL PANEL - GABLES - G7402-04 - *
WITH TONE SWITCH - IN LIEU OF P/N G7402-05 - BFE/SPE
3461A051C22 RO - FMC TEMPERATURE SELECTION - DEGREES C IN LIEU *
OF DEGREES F
|
P.A. No. 2241 A-3 SA-5
PRICE
PER A/P
CHANGE NO. TITLE *
---------- ----- -------
3461A051C23 RO - INSTALL DUAL FMC/MCDU IN LIEU OF SINGLE *
FMC/CDU - SFE
3461A637A35 RO - FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - *
SYSTEM DEFINITION - *
3511A637A38 RO - CREW OXYGEN MASKS - AUTOMATIC PRESSURE *
BREATHING - FULL FACE MASKS WITH BUILT-IN GOGGLES -
CAPTAIN, FIRST OFFICER, AND FIRST OBSERVER -
EROS/SCOTT AVIATION - P/N MF20-003 - BFE
3811A100K98 RO - POTABLE WATER SYSTEM - ADDITIONAL FREEZE *
PROTECTION
3812A100K99 RO - WATER QUANTITY GAUGE - WATER SERVICE PANEL *
5300A555A07 RO - INSTALL 9-POUND ALUMINUM UNDERSEAT FLOOR *
PANELS IN LIEU OF 5-POUND PANELS
7110A267A75 RO-PROVIDE HAND PUMP FOR THRUST REVERSER COWL C- *
DUCTS - FLYAWAY EQUIPMENT
7200A555A24 RO - CFM56-7 ENGINES - 7B27 RATING IN LIEU OF 7B24 *
RATING
7900A294C36 RO - LUBRICATING OIL - EXXON 2380 *
TOTAL *
|
P.A. No. 2241 A-3 SA-5
AIRCRAFT CONFIGURATION
between
THE BOEING COMPANY
and
INTERNATIONAL LEASE FINANCE CORPORATION
|
Exhibit A-4 to Purchase Agreement Number 2241
MODEL 737-83N AIRCRAFT
THE ILFC/* CONFIGURATION
P.A. No. 2241 A-4-i SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
AIRCRAFT CONFIGURATION
Dated December 29, 2000
relating to
BOEING MODEL 737-83N AIRCRAFT
THE ILFC/* CONFIGURATION
|
The Detail Specification is Boeing Detail Specification D019A001*38P-1, dated October 3, 2000 including changes identified below. Such Detail Specification includes the effects of such changes on Manufacturer's Empty Weight (MEW) and Operating Empty Weight (OEW). The Aircraft Basic Price reflects and includes all effects of such changes of price, except such Aircraft Basic Price does not include the price effects of Change Requests changing Buyer Furnished Equipment to Seller Purchased Equipment.
P.A. No. 2241 A-4-1 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
0110-000029 *
MINOR MODEL 737-800 PASSENGER AIRPLANE
0110-000030 *
MAJOR MODEL 737-X AIRPLANE
0220-000040 *
FAA TYPE CERTIFICATION
0220-000353 *
CERTIFICATION FOR 15 KNOT TAIL WIND TAKEOFFS AND LANDI
NGS
0221A251A18 *
ENGINE INOPERATIVE TEN-MINUTE TAKEOFF THRUST OPERATION
- CFM56-7B27/B1 THRUST RATING
0224-000036 *
EXTENDED TWIN ENGINE OPERATIONS (ETOPS)
0226-000007 *
CATEGORY IIIA AUTOMATIC APPROACH AND LANDING
0228-000001 *
FLIGHT MANUALS IN FAA FORMAT
0228-000032 *
OPERATIONS MANUAL IN FAA FORMAT
0252-000056 *
ENGLISH UNITS FOR FLIGHT MANUAL, OPERATIONS MANUAL, FU
EL QUANTITY SYSTEM, CDS INDICATIONS AND FMCS WEIGHTS
0254-000003 *
USPHS CERTIFICATE OF SANITARY CONSTRUCTION
0315A691A01 *
CERTIFIED STRUCTURAL DESIGN AND OPERATIONAL WEIGHTS 73
7-800
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-4-2 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
1110A560A99 *
EXTERIOR COLOR SCHEME AND MARKINGS - 737/747/757/767
/777
1130-000059 *
LOWER LOBE CARGO COMPARTMENT LOADING PLACARDS - POUN
DS AND KILOGRAMS PER SQUARE FOOT
1130A560C51 *
INSTALL INTERIORS PASSENGER COMPARTMENT PLACARDS AND M
ARKINGS - 737
2130-000010 *
600 FPM CABIN PRESSURE ASCENT RATE
2130-000012 *
350 FPM CABIN PRESSURE DESCENT RATE
2158-000003 *
BLOW THROUGH COOLING - E8 RACK
2160-000025 *
CABIN TEMPERATURE INDICATION - DEGREES FAHRENHEIT
2170-000022 *
OZONE CONTROL - CATALYTIC CONVERTERS
2210-000003 *
AUTOFLIGHT - INHIBIT GLIDE SLOPE CAPTURE PRIOR TO LOCA
LIZER CAPTURE
2210-000121 *
AUTOFLIGHT - ACTIVATION OF CONTROL WHEEL STEERING RE
VERSION IN APPROACH MODE
2210-000124 *
AUTOFLIGHT - FLIGHT DIRECTOR TAKEOFF MODE HEADING SE
LECT
2210-000128 *
AUTOFLIGHT - CONTROL WHEEL STEERING WARNING
|
P.A. No. 2241 A-4-3 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2210-000143 *
AUTOFLIGHT - ALTITUDE ALERT - 200/900 FEET
2210-000221 *
AUTOFLIGHT - MODE CONTROL PANEL WITH SPEED AND ALTITUD
E INTERVENTION
2230-000137 *
AUTOTHROTTLE - FMCS - TAKEOFF PROFILE THRUST REDUCTION
ALTITUDE
2310A213A74 *
COMMUNICATIONS CONTROL PANELS - TRIPLE GABLES RADIO TU
NING PANELS CAPABLE OF (2) HF SYSTEMS AND (3) VHF SYST
EMS (8.33 KHZ CAPABLE) - P/N G7404-24 - BFE/SPE
2311-000137 *
HF COMMUNICATIONS - PARTIAL PROVISIONS FOR DUAL ARINC
753 HF DATALINK
2311A636A13 *
DUAL HF DATA RADIO - ARINC 753 - ACTIVATION - AIRLINE
DATA LINK COMMUNICATONS ONLY
2311A636A63 *
HF COMMUNICATIONS - COMPLETE PROVISIONS FOR SECOND HF
COMMUNICATIONS SYSTEM - ALLIEDSIGNAL HF VOICE/DATA TR
ANSCEIVER - P/N 964-0452-012 AND DIGITAL HF COUPLER -
P/N 964-0453-011 - SPE
2311A636A89 *
HF COMMUNICATIONS - SINGLE ALLIEDSIGNAL HF TRANSCEIVE
R - P/N 964-0452-012 - AND DIGITAL HF COUPLER - P/N 96
4-0453-011 - SPE
2312-000428 *
VHF COMMUNICATIONS - TRIPLE ALLIEDSIGNAL RTA-44D FM IM
MUNE ARINC 716/750 VHF TRANSCEIVERS WITH 8.33 KHZ CHAN
NEL SPACING AND CMC INTERFACE CAPABILITIES - 064-50000
-0110 - BFE/SPE
|
P.A. No. 2241 A-4-4 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2312-000703 *
|
VHF COMMUNICATIONS - ACTIVATION OF 8.33 KHZ CHANNEL SP
ACING
2321-000047 * SELCAL - GABLES CONTROL PANEL - P/N G7165-01 2321-000050 * SELCAL - COLTECH FIVE CHANNEL DECODER - P/N 1200008-00 0 - BFE/SPE 2322-000249 * ACARS - PARTIAL PROVISIONS FOR SINGLE ARINC 724B ACARS 2322-000251 * ACARS - LIMITED PARTIAL PROVISIONS FOR DUAL ARINC 758 CMUS, COMPATIABLE WITH EXISTING SINGLE ARINC 724B ACAR S PROVISIONS 2322-000393 * ACARS - ARINC 716 VHF VOICE MODE PROTECTION 2322A636A11 * ACARS - ARINC 758 LEVEL 0A COMMUNICATIONS MANAGEMENT U NIT (CMU) - ALLIED SIGNALL - INSTALLATION AND REVISION TO EXISTING DUAL PARTIAL PROVISIONS - P/N TBD 2324-000062 * EMERGENCY LOCATOR TRANSMITTER (ELT) - ARTEX 3-FREQUENC Y AUTOMATIC - FIXED, P/N 453-0004 - BFE/SPE 2331A683B25 * PASSENGER ADDRESS - PRAM/BMM - MATSUSHITA - * - SPE 2331A683B26 * PASSENGER ADDRESS (PA) SYSTEM - SELECTED FEATURES - * - ARINC715/SINGLE PA AREA/PA IN-USE LT. |
P.A. No. 2241 A-4-5 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2342-000073 *
|
CABIN INTERPHONE - ALERT CALL FUNCTION - FORWARD AND A
FT ATTENDANT STATION
2351-000008 * BOOM MICROPHONE HEADSETS - CAPTAIN, FIRST OFFICER AND FIRST OBSERVER - TELEX AIRMAN 750 - P/N 64300-100 - BF E/SPE 2351-000029 * HAND HELD MICROPHONE - CAPTAIN AND FIRST OFFICER - TEL EX - P/N 63999-000 - BFE/SPE 2351-000031 * HAND HELD MICROPHONE - FIRST OBSERVER - TELEX - P/N 63 999-000 - BFE/SPE 2351-000039 * HEADPHONE - SECOND OBSERVER - TELEX - P/N 64400-000 - BFE/SPE 2351-000042 * CONTROL WHEEL PUSH TO TALK (PTT) SWITCH - STANDARD THR EE POSITION 2351A213A33 * AUDIO INTEGRATION - INSTALLATION - TWO-PLUG AUDIO JACK S IN THE FLIGHT DECK 2371-000009 * NO MONITOR JACK IN NOSE WHEEL WELL 2371-000053 * SOLID STATE VOICE RECORDER ED56A AND SOLID STATE MICRO PHONE/MONITOR ED56A - ALLIEDSIGNAL- 2 HOUR RECORDING T IME - P/N 980-6022-001 & P/N 980-6116-001 - BFE/SPE 2433-000008 * STANDBY BUS - CONNECTION OF AIR TRAFFIC CONTROL (ATC ) NO. 1 |
P.A. No. 2241 A-4-6 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2433-000010 *
STANDBY POWER - 60-MINUTE CAPABILITY
2433-000059 *
STANDBY BUS - CAPTAINS PITOT HEAT - LOAD ADDITION
2433-000093 *
STANDBY BUS - LOADS ADDITION - FMCS, CDS & DME
2451-000036 *
GALLEY G1 POWER - 12 KVA
2451-000040 *
GALLEY G2 POWER - 17.25 KVA
2451-000049 *
GALLEY G4B POWER - 29.25 KVA
2511-000271 *
SECOND OBSERVER STATION, WITHOUT ARMRESTS - ADDITION
2513-000033 *
NO DOCUMENT STOWAGE BOX - LEFT SIDE BEHIND CAPTAIN -
FLIGHT DECK
2513-000368 *
DOCUMENT STOWAGE BOX - RIGHT SIDE BEHIND FIRST OFFICER
- FLIGHT DECK - SFE
2513-000369 *
ROLLER SUNSHADES - INSTALLATION - NUMBER 2 AND 3 WINDO
WS - FLIGHT DECK - SFE
2520A332B67 *
BFE CARPET MATERIAL DEFINITION
2520A332B69 *
SFE GALLEY AND ENTRYWAY MAT MATERIAL DEFINITION
2520A560C74 *
KICKSTRIPS - STAINLESS STEEL
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-4-7 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2520A560C79 *
CUSTOM INTERIOR COLOR SCHEME - HARD GOODS AND LAVATORY
INTERIOR
2523A560C55 *
PASSENGER SERVICE UNITS
2524A560B04 *
FORWARD LEFT HAND FULL HEIGHT WINDSCREEN/STOWAGE UNIT
2524A560C59 *
CURTAIN AND TRACK - PASSENGER CABIN
2525A560B11 *
ATTENDANT SEATS FOR 737NG
2525A560C64 *
ECONOMY CLASS PASSENGER SEATING - NEW PROGRAM - BFE
2527A560B20 *
FLOOR COVERING - CARPET
2528A332B99 *
FORWARD CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIO
NED FOR PALLETIZED EQUIPMENT AND LIFE RAFTS
2528A332C03 *
SECOND MID-CABIN CENTER OVERHEAD STOWAGE COMPARTMENT -
PROVISIONED FOR PALLETIZED EQUIPMENT AND LIFE RAFTS
2528A560B22 *
LITERATURE POCKETS - SEMI RIGID
2528A560C77 *
OVERHEAD STOWAGE BINS WITH HANDRAIL
2529A560B24 *
ATTENDANT WORKSTATION
2530A560B29 *
G4B GALLEY
|
P.A. No. 2241 A-4-8 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2530A560C71 *
G1 GALLEY
2530A560C72 *
GALLEY SPE COMPONENTS
2530A560D02 *
G2 GALLEY
2540A560B32 *
LA LAVATORY
2540A560B33 *
LD LAVATORY
2540A560B34 *
LE LAVATORY
2552-000117 *
CARGO COMPARTMENT NETS WITH NYLON TYPE WEB SUPPORTS
2552-000233 *
FLOOR PANELS - FORWARD CARGO COMPARTMENT - 0.071 INCH
THICKNESS ALUMINUM
2552-000235 *
FLOOR PANELS - AFT CARGO COMPARTMENT - 0.071 THICKNESS
2552-000253 *
CEILING LINER - FORWARD CARGO COMPARTMENT - 0.030 THIC
KNESS BMS-8-223
2552-000255 *
CEILING LINER - AFT CARGO COMPARTMENT - 0.030 THICKNES
S BMS-8-223
2552-000259 *
UPPER SIDEWALL LINER - AFT CARGO COMPARTMENT - 0.045 T
HICKNESS BMS 8-2
|
P.A. No. 2241 A-4-9 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2552A244B65 *
SIDEWALL LINER - FORWARD CARGO COMPARTMENT - 0.045 THI
CKNESS BMS 8-2
2552A244B66 *
LOWER SIDEWALL LINER - AFT CARGO COMPARTMENT - 0.045 T
HICKNESS BMS 8-2
2552A244B67 *
STA 731 BULKHEAD - 0.045 THICKNESS BMS 8-2
2553-000178 *
SCANDINAVIAN BELLY LOADER (SBC) LOADING SYSTEM, STC CE
RTIFIED - AFT CARGO COMPARTMENT - 737-800 - BFE/SPE
2560-000176 *
HALON FIRE EXTINGUISHER - FLIGHT DECK - WALTER KIDDE
2560-000269 *
CREW LIFE VEST STOWAGE - FLIGHT DECK, SECOND OBSERVER
- CAPTAIN'S SEAT BACK
2560A636A88 *
CREW LIFE VESTS - FLIGHT DECK, WITH SECOND OBSERVER -
EASTERN AERO MARINE - P/N P0723-103 - BFE/SPE
2561-000003 *
LIFELINE AT OVERWING EXITS - OVER DOOR PANEL MOUNTING
2563A289B01 *
EMERGENCY EVACUATION SIGNAL SYSTEM - 737-800
2564A560C87 *
DETACHABLE EMERGENCY EQUIPMENT - PASSENGER COMPARTMENT
2613A560B49 *
LAVATORY SMOKE DETECTORS - 737
2622-000046 *
APU FIRE EXTINGUISHER BOTTLE - REDUCED WEIGHT
|
P.A. No. 2241 A-4-10 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
2825-000003 *
APU FUEL BOOST PUMP
2841-000009 *
INCREASED FUEL SYSTEM ACCURACY - FUEL DENSITOMETERS
2841-000011 *
FUEL QUANTITY PRESELECT CAPABILITY ON RIGHT WING FUELI
NG PANEL
2844-000014 *
FUEL MEASURING STICKS IN LINEAR UNITS WITH CONVERSION
TABLES IN POUNDS
2911-000042 *
ENGINE-DRIVEN HYDRAULIC PUMPS WITH VESPEL SPLINE - VIC
KERS (10-62167)
2911-000043 *
AC MOTOR-DRIVEN HYDRAULIC PUMPS - ABEX (10-60556)
3041-000004 *
FLIGHT COMPARTMENT NUMBER 3 WINDOW HEATING
3120-000014 *
ELECTRONIC CLOCK CHRONOMETER SWITCHES - ADDITION - PIL
OTS' GLARESHIELD
3131-000143 *
ACCELEROMETER - ALLIEDSIGNAL INC P/N 971-4193-001 -
BFE/SPE
3131-000187 *
DIGITAL FLIGHT DATA RECORDER - ALLIEDSIGNAL - 256 WORD
S PER SECOND MAXIMUM DATA RATE - P/N 980-4700-042 BFE/
SPE
3131A218A44 *
DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) WITH ACMS
CAPABILITY AND INTEGRATED PCMCIA MEDIA INTERFACE -ALL
IEDSIGNAL - P/N 967-0212-002 -BFE/SPE
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-4-11 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3132-000098 *
|
AIRBORNE DATA LOADER/RECORDER - ARINC 615 - ALLIEDSIGN
AL - 964-0401-016 - BFE/SPE
3133-000045 * MULTI-INPUT PRINTER - ALLIEDSIGNAL - ARINC 740 P/N 805 5515-4507 - BFE/SPE 3133-000124 * ARINC 740 PRINTER PROVISIONS IN THE FLIGHT DECK SIDEWA LL 3161-000070 * ENGINE OIL QUANTITY DISPLAY - QUARTS - ENGINE DISPLAY 3161-000133 * ENGINE FUEL FLOW - FULL TIME DISPLAY - PRIMARY ENGINE DISPLAY UNIT 3161-000163 * CONTROL SURFACE POSITION INDICATION - SYSTEMS DISPLAY 3162-000018 * ATTITUDE COMPARATOR - FLASHING - ADI 3162-000022 * FLIGHT DIRECTOR COMMAND DISPLAY - SPLIT AXIS - ADI 3162-000028 * RADIO ALTITUDE - BELOW ADI 3162-000030 * RISING RUNWAY - DISPLAYED ON THE ADI 3162-000036 * LANDING ALTITUDE REFERENCE BAR - PRIMARY FLIGHT DISPLA Y 3162-000040 * BARO MINIMUMS POINTER - DISPLAYED ON SELECTION OF RADI O ALTITUDE MINMUMS - PRIMARY FLIGHT DISPLAY ---------- |
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-4-12 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3162-000044 *
TCAS RESOLUTION ADVISORY - VSI
3162-000046 *
SINGLE CHANNEL AUTOPILOT ANNUNCIATION - ABOVE ADI
3162-000051 *
ILS LOCALIZER DEVIATION EXPANDED SCALE - AUTOPILOT AND
FLIGHT DIRECTOR MODE
3162-000059 *
MAP MODE ORIENTATION - TRACK UP - NAVIGATION DISPLAY
3162-000079 *
MANUALLY TUNED VOR SELECTED COURSE LINES DISPLAYED - N
AVIGATION DISPLAY
3162-000088 *
AIRSPEED BUG #5 - ENABLED - 80 KNOT SETTING - MACH AIR
SPEED INDICATOR
3162-000218 *
GROUND SPEED - DISPLAYED BELOW AIRSPEED TAPE WHEN MACH
NUMBER IS NOT DISPLAYED - PRIMARY FLIGHT DISPLAY
3162A213A02 *
CDS DISPLAY - PFD/ND FORMAT - OVER AND UNDER ENGINE PR
ESENTATION
3244-000008 *
SERVICE INTERPHONE CONNECTOR - EXTERNAL POWER PANEL
3245-000049 *
BRAKES - STEEL - HIGH CAPACITY - BFGOODRICH
3245-000094 *
WHEELS AND TIRES - MAIN LANDING GEAR - HIGH GROSS WEIG
HT WHEELS - BFGOODRICH - INSTALLATION WITH SFE 28 PR,
225 MPH TIRES
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-4-13 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3245-000096 *
|
WHEELS AND TIRES - NOSE LANDING GEAR - WHEELS - BFGOOD
RICH - INSTALLATION WITH SFE 12 PR, 225 MPH BIAS TIRES
3246-000018 * BRAKE TEMPERATURE MONITORING SYSTEM 3321-000001 * PASSENGER CABIN LIGHTING - SINGLE-ZONE CONTROL 3324-000017 * NO SMOKING SIGN - PERMANENT ILLUMINATION 3342-000033 * NOSE GEAR TAXI LIGHT - NO AUTOMATIC SWITCHOFF AT RET RACTION 3342-000035 * NOSE GEAR TAXI LIGHT - 250-WATT 3350A560C96 * EMERGENCY ESCAPE PATH LIGHTING - 737 - FLOOR MOUNTED - LSI SYSTEM WITH BOEING MONUMENT LIGHTS - SPE 3412-000023 * DUAL ELEMENT ASPIRATED TAT PROBE (FOR FMC) 3414-000035 * STANDBY ALTIMETER/AIRSPEED INDICATOR - FLIGHT DECK 3423-000023 * STANDBY ATTITUDE INDICATOR - SEXTANT AVIONIQUE - SFE 3423A068A07 * INTEGRATED STANDBY FLIGHT DISPLAY - PARTIAL PROVISIONS 3430-000112 * ILS/GPS MULTI-MODE RECEIVER(MMR) - ALLIEDSIGNAL - P/N 066-50029-1101 - BFE/SPE ---------- |
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-4-14 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3431A340B03 *
|
VHF NAV/DME CONTROL PANEL - INSTALLATION - BFE/SPE GAB
LES - P/N G7500-03
3433-000044 * RADIO ALTIMETER (RA) - ALLIEDSIGNAL INC - P/N 066-5000 7-0101 - BFE/SPE 3443-000036 * SINGLE WEATHER RADAR CONTROL PANEL - ALLIEDSIGNAL P/N 2041223-0414 - BFE/SPE 3443A218A16 * SINGLE WEATHER RADAR SYSTEM - WITH PREDICTIVE WINDSHEA R - ALLIEDSIGNAL TRANSCEIVER P/N 066-50008-0406 - BFE/ SPE 3445A065A20 * TCAS SYSTEM - ALLIEDSIGNAL TCAS COMPUTER P/N 066-50000 -2220 - TCAS CHANGE 7 COMPLIANT - BFE/SPE 3446-000045 * STANDARD VOLUME FOR ALTITUDE CALLOUTS 3446-000048 * GROUND PROXIMITY WARNING SYSTEM BANK ANGLE CALLOUT ENA BLED 3446-000049 * 500 SMART CALLOUT INHIBITED 3446A636A61 * GROUND PROXIMITY WARNING SYSTEM ALTITUDE CALLOUTS -250 0, 1000(B), 500(B), 100, 50, 40, 30, 20, 10 3451-000023 * VOR/MARKER BEACON - ALLIEDSIGNAL RECEIVER P/N 066-5001 2-0101 - BFE/SPE |
P.A. No. 2241 A-4-15 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3453A065A22 *
|
ATC SYSTEM - ALLIEDSIGNAL ATC TRANSPONDER P/N 066-0112 7-1601 - TCAS CHANGE 7 COMPLIANT - ALLIEDSIGNAL CONTRO L PANEL P/N 071-01503-2601 - BFE/SPE
3455-000020 * DISTANCE MEASURING EQUIPMENT (DME) - ALLIEDSIGNAL INTE RROGATOR P/N 066-50013-0101 - BFE/SPE 3461-000013 * FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - FMC (DUAL) AND MCDU - INSTALLATION - SFE 3461-000119 * FMC TEMPERATURE SELECTION - DEGREES C DEFAULT 3461-000127 * FMCS - BUILT-IN TEST EQUIPMENT PRINTER RECEPTACLES 3461-002403 * FLIGHT MANAGEMENT COMPUTER (FMC) - GEOMETRIC PATH DESC ENT - ENABLE 3461A135A16 * QUIET CLIMB SYSTEM (QCS) 3461A150B73 * FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - ENGINE-OUT STANDARD INSTRUMENT DEPARTURES (SID'S) - ENABLE 3461A207A09 * FLIGHT MANAGEMENT COMPUTER SYSTEM - COLOR LCD MULTIPUR POSE CONTROL DISPLAY UNITS WITH FANS KEYBOARDS IN LIEU OF STANDARD MCDU KEYBOARDS - INSTALLATION 3461A297A55 * FANS PROVISIONS - SUPPLEMENTAL INSTALLATION OF TWO ANN UNCIATOR LIGHTS |
P.A. No. 2241 A-4-16 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3461A425A09 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - NAVIGATION
DATABASE - BOEING SUPPLIED
3461A425A17 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - AIRLINE OPE
RATIONAL COMMUNICATIONS DATA LINK (AOC DL) - FANS FEAT
URE ACTIVATION
3461A425A23 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- QUICK REFERE
NCE HANDBOOK (QRH) - TAKEOFF SPEEDS- DISPLAYED
3461A425A26 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- FLIGHT NUMBE
R ENTRY ON THE ROUTE PAGE - ENABLE
3461A425A28 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- ALTERNATE DE
STINATIONS - ENABLE
3461A425A30 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- ABEAM WAYPOI
NTS- ENABLE
3461A425A32 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)-MESSAGE RECAL
L-ENABLE
3461A425A33 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- RUNWAY DISTA
NCE REMAINING- FEET
3461A425A38 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- SPEED AND AL
TITUDE INTERVENTION- ENABLE
3461A425A40 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- VERTICAL NAV
IGATION PROFILE- "VNAV ALT"- ENABLE
|
P.A. No. 2241 A-4-17 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3461A636A69 *
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - REQUIRED NA VIGATION PERFORMANCE (RNP) DEFAULT VALUE CHANGES - *
(*)
3511-000003 * CREW OXYGEN CYLINDER - 115 CU. FT. CAPACITY 3511-000011 * NO REMOTE CREW OXYGEN FILL STATION 3511A636A67 * CREW OXYGEN SYSTEM - CAPTAIN, FIRST OFFICER AND TWO OBSERVERS - FULL FACE MASK - PURITAN BENNETT - SPE 3520-000180 * ATTENDANT OXYGEN MASKS IN ENCLOSED G1/G2 AREA - JAA PA RT 25 REQUIREMENT 3811-000019 * POTABLE WATER - 60 GALLONS CAPACITY - SERVICEABLE TO 60 GALLONS 3811-000024 * POTABLE WATER SYSTEM - NO ADDITIONAL FREEZE PROTECTI ON 3812-000002 * NO WATER QUANTITY GAUGE - WATER SERVICE PANEL 3831-000024 * NO GRAY WATER LEVEL DRAIN LINE ROUTING - FORWARD CARGO HOLD 3832-000032 * VACUUM WASTE SYSTEM - MONOGRAM TOILET ASSEMBLIES 3832-000076 * NO SENSOR FOULED LIGHT - COVER PLATE ---------- |
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-4-18 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
3832-000078 *
NO WASTE QUANTITY GAUGE - COVER PLATE
3910A636A64 *
AFT ELECTRONICS PANEL ARRANGEMENT - *
737-800
3920-000012 *
AUXILIARY E/E EQUIPMENT E8 RACK - INSTALLATION
3920-000039 *
NO E6 RACK INSTALLATION - COMPLETION OF BASELINE AIRL
INE AFT CARGO COMPARTMENT
5200-000036 *
HOLD-OPEN LOCK (DOWN-TO-RELEASE) - ENTRY AND SERVICE
DOORS
5300-000027 *
FIVE POUND ALUMINUM UNDERSEAT FLOOR PANELS
5352A298A28 *
RADOME- NORDAM- SFE
5730A298A49 *
WINGLET INSTALLATION
7110-000013 *
HAND PUMP FOR THRUST REVERSER COWL C-DUCTS - FLYAWAY
EQUIPMENT
7200-000224 *
SINGLE ANNULAR COMBUSTOR - CFM56-7 ENGINES
7200-000415 *
CFMI INTERNATIONAL PROPULSION SYSTEM
7200A251A03 *
CFM56-7 ENGINES - 7B27/B1 FULL RATING
|
P.A. No. 2241 A-4-19 SA-5
Exhibit A-4 to
Purchase Agreement No. 2241
*
CHANGE NO./ TITLE PRICE
============================================================= ===============
7400-000005 *
|
ENGINE IGNITERS - AUTOMATIC "ON" AT TAI ="ON" OR FLAPS
="NOT UP"
7700-000024 * DEBRIS MONITORING SYSTEM - CFM56-7B ENGINES 7900-000117 * LUBRICATING OIL - EXXON 2380 MISC * INTERIOR ALLOWANCE |
CR'S 206 TOTAL *
P.A. No. 2241 A-4-20 SA-5
AIRCRAFT CONFIGURATION
between
THE BOEING COMPANY
and
INTERNATIONAL LEASE FINANCE CORPORATION
|
Exhibit A-5 to Purchase Agreement Number 2241
MODEL 737-7K2 AIRCRAFT
THE ILFC/* CONFIGURATION
P.A. No. 2241 A-5-i SA-5
AIRCRAFT CONFIGURATION
Dated December 29, 2000
relating to
BOEING MODEL 737-7K2 AIRCRAFT
THE ILFC/* CONFIGURATION
|
The Detail Specification is Boeing Detail Specification D019A001*37P-1 dated November 1, 2000 including changes identified below. Such Detail Specification includes the effects of such changes on Manufacturer's Empty Weight (MEW) and Operating Empty Weight (OEW). The Aircraft Basic Price reflects and includes all effects of such changes of price, except such Aircraft Basic Price does not include the price effects of Change Requests changing Buyer Furnished Equipment to Seller Purchased Equipment.
P.A. No. 2241 A-5-1 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
0110-000026 *
MINOR MODEL 737-700 PASSENGER AIRPLANE
Disposition Code: ACCPT
0110-000030 *
MAJOR MODEL 737-X AIRPLANE
Disposition Code: ACCPT
0220-000261 *
JOINT AVIATION AUTHORITIES TYPE CERTIFICATION VALIDATI
ON
Disposition Code: ACCPT
0221-000026 *
CERTIFICATION OF TAKEOFF AND LANDING WITH A 15-KNOT TA
ILWIND
Disposition Code: ACCPT
0221A251A11 *
ENGINE INOPERATIVE TEN-MINUTE TAKEOFF THRUST OPERATION
- CFM56-7B24 THRUST RATING
Disposition Code: ACCPT
0224-000036 *
EXTENDED TWIN ENGINE OPERATIONS (ETOPS)
Disposition Code: ACCPT
0226-000007 *
CATEGORY IIIA AUTOMATIC APPROACH AND LANDING
Disposition Code: ACCPT
0228-000031 *
OPERATIONS MANUAL IN JAA FORMAT
Disposition Code: ACCPT
0228A248A10 *
AIRPLANE FLIGHT MANUALS IN JAA FORMAT (NO SUPPLEMENT F
OR NATIONAL AVIATION AUTHORITY)
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-2 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
0252-000055 *
METRIC UNITS FOR FLIGHT MANUAL, OPERATIONS MANUAL, FUE
L QUANTITY SYSTEM, CDS INDICATIONS AND FMCS WEIGHTS
Disposition Code: ACCPT
0254-000003 *
USPHS CERTIFICATE OF SANITARY CONSTRUCTION
Disposition Code: ACCPT
0315A639A78 *
CERTIFIED STRUCTURAL DESIGN AND OPERATIONAL WEIGHTS -
MAX TAXI AND TAKEOFF WEIGHTS
Disposition Code: ACCPT
0315A639A79 *
CERTIFIED STRUCTURAL DESIGN AND OPERATIONAL WEIGHTS -
MAX LANDING WEIGHT
Disposition Code: ACCPT
0315A639A80 *
CERTIFIED STRUCTURAL DESIGN AND OPERATIONAL WEIGHTS -
MAX ZERO FUEL WEIGHT
Disposition Code: ACCPT
0320A070A59 *
RAMP NOISE REDUCTION FEATURE - APU INLET DIFFUSER DUCT
TREATMENT
Disposition Code: ACCPT
0352-000002 *
CUSTOMIZED LOADING SCHEDULE FOR WEIGHT & BALANCE CONTR
OL - ALIGNMENT CHART LOADING
Disposition Code: ACCPT
0360A098F11 *
WEIGHT COLLECTOR (* 737-700)
Disposition Code: ACCPT
1100A070B04 *
OWNER'S NAMPLATES - FLIGHT COMPARTMENT, ENGINES AND AP
U
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-3 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
1100A070B34 *
FLIGHT DECK ID PLACARDS ON MAIN PANEL
Disposition Code: ACCPT
1110A639A49 *
EXTERIOR COLOR SCHEME AND MARKINGS- * - 737-700
Disposition Code: ACCPT
1120-000034 *
REGISTRY MARKINGS ON WING - 20 INCH HEIGHT
Disposition Code: ACCPT
1120-000036 *
ENGINE WARNING STRIPES AND DECALS - FUSELAGE
Disposition Code: ACCPT
1130-000060 *
LOWER LOBE CARGO COMPARTMENT LOADING PLACARDS - KILO
GRAMS PER SQUARE METER
Disposition Code: ACCPT
1130A639A50 *
INSTALL INTERIORS PASSENGER COMPARTMENT PLACARDS AND M
ARKINGS - 737
Disposition Code: ACCPT
2130-000010 *
600 FPM CABIN PRESSURE ASCENT RATE
Disposition Code: ACCPT
2130-000014 *
500 FPM CABIN PRESSURE DESCENT RATE
Disposition Code: ACCPT
2158-000002 *
NO BLOW THROUGH COOLING - E8 RACK
Disposition Code: ACCPT
2160-000024 *
CABIN TEMPERATURE INDICATION - DEGREES CELSIUS
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-4 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2170-000022 *
OZONE CONTROL - CATALYTIC CONVERTERS
Disposition Code: ACCPT
2210-000003 *
AUTOFLIGHT - INHIBIT GLIDE SLOPE CAPTURE PRIOR TO LOCA
LIZER CAPTURE
Disposition Code: ACCPT
2210-000122 *
AUTOFLIGHT - NO CONTROL WHEEL STEERING REVERSION IN
APPROACH MODE
Disposition Code: ACCPT
2210-000124 *
AUTOFLIGHT - FLIGHT DIRECTOR TAKEOFF MODE HEADING SE
LECT
Disposition Code: ACCPT
2210-000128 *
AUTOFLIGHT - CONTROL WHEEL STEERING WARNING
Disposition Code: ACCPT
2210-000130 *
AUTOFLIGHT - AIRSPEED DEVIATION WARNING
Disposition Code: ACCPT
2210-000144 *
AUTOFLIGHT - ALTITUDE ALERT - 200/750 FEET
Disposition Code: ACCPT
2210-000220 *
AUTOFLIGHT - MODE CONTROL PANEL WITHOUT SPEED AND ALTI
TUDE INTERVENTION
Disposition Code: ACCPT
2310A070A29 *
COMMUNICATIONS CONTROL PANELS - DUAL GABLES RADIO TUNI
NG PANELS CAPABLE OF (2) HF SYSTEMS AND (3) VHF SYSTEM
S (8.33 KHZ CAPABLE) - P/N G7404-04 - BFE
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-5 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2311A639A81 *
HF COMMUNICATIONS - SINGLE ROCKWELL HF TRANSCEIVER - P
/N 622-5272-120 AND ANALOG HF COUPLER - P/N 792-6140-0
01 - BFE/SPE
Disposition Code: ACCPT
2312-000428 *
VHF COMMUNICATIONS - TRIPLE ALLIEDSIGNAL RTA-44D FM IM
MUNE ARINC 716/750 VHF TRANSCEIVERS WITH 8.33 KHZ CHAN
NEL SPACING AND CMC INTERFACE CAPABILITIES - 064-50000
-0110 - BFE/SPE
Disposition Code: ACCPT
2312-000703 *
VHF COMMUNICATIONS - ACTIVATION OF 8.33 KHZ CHANNEL SP
ACING
Disposition Code: ACCPT
2321-000047 *
SELCAL - GABLES CONTROL PANEL - P/N G7165-01
Disposition Code: ACCPT
2321-000049 *
SELCAL - MOTOROLA FIVE CHANNEL DECODER - P/N NA138-714
B - BFE/SPE
Disposition Code: ACCPT
2322-000246 *
MULTIPURPOSE INTERACTIVE DISPLAY UNIT (MIDU) WITH VOIC
E MODE PROTECTION - ALLIED SIGNAL - P/N 964-0443-002 -
BFE/SPE
Disposition Code: ACCPT
2322-000249 *
ACARS - PARTIAL PROVISIONS FOR SINGLE ARINC 724B ACARS
Disposition Code: ACCPT
2322-000251 *
ACARS - LIMITED PARTIAL PROVISIONS FOR DUAL ARINC 758
CMUS, COMPATIABLE WITH EXISTING SINGLE ARINC 724B ACAR
S PROVISIONS
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-6 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2322-000393 *
ACARS - ARINC 716 VHF VOICE MODE PROTECTION
Disposition Code: ACCPT
2322A213A35 *
ACARS MANAGEMENT UNIT ARINC 724B UPGRADEABLE TO CMU -
ALLIEDSIGNAL - INSTALLATION INTO EXISTING PARTIAL PROV
ISIONS - P/N 965-0758-001 - BFE/SPE
Disposition Code: ACCPT
2324-000109 *
EMERGENCY LOCATOR TRANSMITTER - PROGRAMMING AND FMS LO
CATION INTERFACE UNIT - PARTIAL PROVISIONS
Disposition Code: ACCPT
2324A752A08 *
EMERGENCY LOCATOR TRANSMITTER (ELT) - ARTEX 3-FREQUENC
Y AUTOMATIC - FIXED, P/N 453-5004 - BFE/SPE
Disposition Code: ACCPT
2331A289K25 *
PRE-RECORDED ANNOUNCEMENT AND BOARDING MUSIC SYSTEM -
MATSUSHITA - BFE/SPE - *
Disposition Code: ACCPT
2331A639A52 *
PASSENGER ADDRESS (PA) SYSTEM - SELECTED FEATURES - BF
E/SPE - *
Disposition Code: ACCPT
2332-002423 *
VIDEO ENTERTAINMENT - OVERHEAD VIDEO SYSTEM - PARTIAL
PROVISIONS - VIDEO DISTRIBUTION UNIT (VDU) BASED SYS
TEMS
Disposition Code: ACCPT
2332A289K27 *
OVERHEAD VIDEO SYSTEM - SONY TRANS COM
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-7 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2334A289K28 *
AUDIO ENTERTAINMENT - SONY - DADS - 149 PAX - BFE/SPE
- *
Disposition Code: ACCPT
2342A070B08 *
FLIGHT ATTENDANT HANDSET - INSTALLATION - GALLEY G2
Disposition Code: ACCPT
2350-000370 *
OXYGEN MASKS - ACTIVATION OF AUTOMATIC BOOM/MASK MICRO
PHONE SWITCHING - CAPTAIN'S, FIRST OFFICER'S AND FIRST
OBSERVER'S STATIONS
Disposition Code: ACCPT
2350A070C05 *
FLIGHT COMPARTMENT AUDIO MUTING - INDIVIDUAL/SPEAKER M
UTING
Disposition Code: ACCPT
2350A198A41 *
AUDIO SELECTOR PANEL - INSTALLATION - 3 VHF/1 HF (P/N
10-62090-44)
Disposition Code: ACCPT
2350A198A42 *
INTERPHONE SYSTEM - FLIGHT DECK CALL LIGHT LATCHING -
ADDITION
Disposition Code: ACCPT
2351-000042 *
CONTROL WHEEL PUSH TO TALK (PTT) SWITCH - STANDARD THR
EE POSITION
Disposition Code: ACCPT
2351A213A32 *
AUDIO INTEGRATION - INSTALLATION - FIVE PIN AUDIO JACK
S IN THE FLIGHT DECK
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-8 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2351A639A82 *
BOOM MICROPHONE HEADSETS - CAPTAIN, FIRST OFFICER, AND
FIRST OBSERVER - TELEX AIRMAN 750 P/N 64300-108 - SPE
Disposition Code: ACCPT
2371-000009 *
NO MONITOR JACK IN NOSE WHEEL WELL
Disposition Code: ACCPT
2371-000053 *
SOLID STATE VOICE RECORDER ED56A AND SOLID STATE MICRO
PHONE/MONITOR ED56A - ALLIEDSIGNAL- 2 HOUR RECORDING T
IME - P/N 980-6022-001 & P/N 980-6116-001 - BFE/SPE
Disposition Code: ACCPT
2371-000187 *
COCKPIT VOICE RECORDER - MANUAL-ON/AUTO-OFF SWITCH INS
TALLATION
Disposition Code: ACCPT
2433-000008 *
STANDBY BUS - CONNECTION OF AIR TRAFFIC CONTROL (ATC
) NO. 1
Disposition Code: ACCPT
2433-000010 *
STANDBY POWER - 60-MINUTE CAPABILITY
Disposition Code: ACCPT
2433-000059 *
STANDBY BUS - CAPTAINS PITOT HEAT - LOAD ADDITION
Disposition Code: ACCPT
2433-000093 *
STANDBY BUS - LOADS ADDITION - FMCS, CDS & DME
Disposition Code: ACCPT
2451-000036 *
GALLEY G1 POWER - 12 KVA
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-9 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2451-000040 *
GALLEY G2 POWER - 17.25 KVA
Disposition Code: ACCPT
2451-000049 *
GALLEY G4B POWER - 29.25 KVA
Disposition Code: ACCPT
2511-000271 *
SECOND OBSERVER STATION, WITHOUT ARMRESTS - ADDITION
Disposition Code: ACCPT
2513-000033 *
NO DOCUMENT STOWAGE BOX - LEFT SIDE BEHIND CAPTAIN -
FLIGHT DECK
Disposition Code: ACCPT
2513-000419 *
NO DOCUMENT STOWAGE BOX - RIGHT SIDE BEHIND FIRST OFFI
CER - FLIGHT DECK
Disposition Code: ACCPT
2513-000420 *
NO ROLLER SUNSHADES - FLIGHT DECK
Disposition Code: ACCPT
2513-000433 *
CUPHOLDER - INSTALLATION - FIRST OFFICER'S SIDEWALL WI
THOUT PRINTER OR AUDIO SELECTOR PANEL
Disposition Code: ACCPT
2520A289K48 *
SFE CARPET MATERIAL DEFINITION - *
Disposition Code: ACCPT
2520A289K49 *
SFE GALLEY AND ENTRYWAY MAT MATERIAL DEFINITION - *
Disposition Code: ACCPT
2522A289K73 *
INSULATION BLANKET - WINDOW PLUG PROVISIONS - SFE
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-10 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2523A289K42 *
PASSENGER SERVICE UNITS - 149 PASSENGERS
Disposition Code: ACCPT
2524A070A21 *
CURTAIN AND TRACK - GALLEY G1 TO GALLEY G2
Disposition Code: ACCPT
2524A070A23 *
CURTAIN AND TRACK - FWD FACE LAVATORY LD TO FWD FACE O
F RH PARTITION
Disposition Code: ACCPT
2524A070A25 *
CURTAIN AND TRACK - LAVATORY LA TO GALLEY G7
Disposition Code: ACCPT
2524A070A27 *
CURTAIN AND TRACK - LAVATORY LD TO AFT RH FULL-HEIGHT
PARTITION
Disposition Code: ACCPT
2525A289A21 *
ATTENDANT SEATS FOR 737NG
Disposition Code: ACCPT
2525A289K55 *
ECONOMY CLASS PASSENGER SEATING - 149 PAX
Disposition Code: ACCPT
2527A289L91 *
CARPET/MAT TRANSITION STRIP - STAINLESS STEEL
Disposition Code: ACCPT
2528A099A30 *
LITERATURE POCKETS - SEMI RIGID
Disposition Code: ACCPT
2528A289K63 *
ATTENDANT EMERGENCY EQUIPMENT STOWAGE BOXES - LAVATOR
Y/PARTITION MOUNTED - SFE
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-11 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2528A289K64 *
FORWARD CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIO
NED FOR PALLETIZED EQUIPMENT
Disposition Code: ACCPT
2528A289K65 *
OVERHEAD STOWAGE BINS
Disposition Code: ACCPT
2528A332C00 *
FIRST MID-CABIN CENTER OVERHEAD STOWAGE COMPARTMENT -
PROVISIONED FOR LOOSE ARTICLES
Disposition Code: ACCPT
2528A332C04 *
AFT CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED
FOR LOOSE ARTICLES
Disposition Code: ACCPT
2529A289K66 *
ATTENDANT WORKSTATION - LAVATORY A
Disposition Code: ACCPT
2529A289K69 *
ATTENDANT WORKSTATION - LAVATORY D
Disposition Code: ACCPT
2530A289K35 *
G2 GALLEY - * - 737-700
Disposition Code: ACCPT
2530A289K38 *
G4B (*/KLM G5) GALLEY
Disposition Code: ACCPT
2530A289K39 *
G1 GALLEY
Disposition Code: ACCPT
2530A289K40 *
GALLEY G7 (* G3) - FULL-HEIGHT - * - 737-700
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-12 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2530A289L03 *
GALLEY COMPONENTS - BFE/SPE - * 737-700
Disposition Code: ACCPT
2530A289L57 *
GALLEY G4B - HARDPOINT PROVISION - INSTALLATION - ALTE
RNATE G4B
Disposition Code: ACCPT
2540A289K76 *
LA LAVATORY
Disposition Code: ACCPT
2540A289K77 *
LD LAVATORY
Disposition Code: ACCPT
2540A289M01 *
LAVATORY LE - PARTIAL PROVISIONS
Disposition Code: ACCPT
2552-000117 *
CARGO COMPARTMENT NETS WITH NYLON TYPE WEB SUPPORTS
Disposition Code: ACCPT
2552-000233 *
FLOOR PANELS - FORWARD CARGO COMPARTMENT - 0.071 INCH
THICKNESS ALUMINUM
Disposition Code: ACCPT
2552-000235 *
FLOOR PANELS - AFT CARGO COMPARTMENT - 0.071 THICKNESS
Disposition Code: ACCPT
2552-000253 *
CEILING LINER - FORWARD CARGO COMPARTMENT - 0.030 THIC
KNESS BMS-8-223
Disposition Code: ACCPT
2552-000255 *
CEILING LINER - AFT CARGO COMPARTMENT - 0.030 THICKNES
S BMS-8-223
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-13 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2552-000255 *
CEILING LINER - AFT CARGO COMPARTMENT - 0.030 THICKNES
S BMS-8-223
Disposition Code: ACCPT
2552-000259 *
UPPER SIDEWALL LINER - AFT CARGO COMPARTMENT - 0.045 T
HICKNESS BMS 8-2
Disposition Code: ACCPT
2552A244B65 *
SIDEWALL LINER - FORWARD CARGO COMPARTMENT - 0.045 THI
CKNESS BMS 8-2
Disposition Code: ACCPT
2552A244B66 *
LOWER SIDEWALL LINER - AFT CARGO COMPARTMENT - 0.045 T
HICKNESS BMS 8-2
Disposition Code: ACCPT
2552A244B67 *
STA 731 BULKHEAD - 0.045 THICKNESS BMS 8-2
Disposition Code: ACCPT
2560-000176 *
HALON FIRE EXTINGUISHER - FLIGHT DECK - WALTER KIDDE
Disposition Code: ACCPT
2560-000269 *
CREW LIFE VEST STOWAGE - FLIGHT DECK, SECOND OBSERVER
- CAPTAIN'S SEAT BACK
Disposition Code: ACCPT
2560A070B09 *
RECHARGEABLE FLASHLIGHT PARTIAL PROVISIONS, TWO - FLIG
HT DECK - DME - BFE/SPE
Disposition Code: ACCPT
2560A070B10 *
RECHARGEABLE FLASHLIGHTS, TWO - FLIGHT DECK - DME - BF
E/SPE
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-14 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2560A289N10 *
CREW LIFE VESTS - FLIGHT DECK, WITH SECOND OBSERVER -
SWITLIK - P/N S51700-7316*001 - BFE/SPE
Disposition Code: ACCPT
2560A639A58 *
PROTECTIVE BREATHING EQUIPMENT - FLIGHT DECK - DRAGER
- BFE/SPE
Disposition Code: ACCPT
2561-000003 *
LIFELINE AT OVERWING EXITS - OVER DOOR PANEL MOUNTING
Disposition Code: ACCPT
2562A639A59 *
OVERWATER EMERGENCY EQUIPMENT - 149 PAX CONFIG
Disposition Code: ACCPT
2563A289F93 *
AURAL EMERGENCY EVACUATION SYSTEM - INSTALLATION
Disposition Code: ACCPT
2564A289K78 *
DETACHABLE EMERGENCY EQUIPMENT - PASSENGER COMPARTMENT
Disposition Code: ACCPT
2622-000047 *
APU FIRE EXTINGUISHER BOTTLE - COMMON WITH ENGINES
Disposition Code: ACCPT
2622-000066 *
APU - AUTOMATIC FIRE EXTINGUISHER DISCHARGE ON FIRE WA
RNING
Disposition Code: ACCPT
2624A289K46 *
LOW PRESSURE WARNING SYSTEM, BFE LAV FIRE EX BOTTLE AN
D SMOKE DETECTION LIGHT & HORN MODIFICATION - PARTIAL
PROVISIONS - LAVATORY
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-15 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
2624A289K47 *
JAMCO SMOKE DETECTOR SYSTEM WITH MONITORING PANEL/UNIQ
UE HORN/WIRE INTERFACE
Disposition Code: ACCPT
2825-000002 *
COVER PLATE AND TUBING INSTALLATION - NO APU FUEL BO
OST PUMP
Disposition Code: ACCPT
2841-000009 *
INCREASED FUEL SYSTEM ACCURACY - FUEL DENSITOMETERS
Disposition Code: ACCPT
2841-000012 *
FUEL QUANTITY INDICATORS ON RIGHT WING FUELING PANEL
Disposition Code: ACCPT
2844-000004 *
FUEL MEASURING STICKS IN LINEAR UNITS WITH CONVERSION
TABLES IN KILOGRAMS
Disposition Code: ACCPT
2901A070A56 *
STEEL HYDRAULIC FITTINGS
Disposition Code: ACCPT
2911-000042 *
ENGINE-DRIVEN HYDRAULIC PUMPS WITH VESPEL SPLINE - VIC
KERS (10-62167)
Disposition Code: ACCPT
2911-000044 *
AC MOTOR-DRIVEN HYDRAULIC PUMPS - VICKERS (10-60556)
Disposition Code: ACCPT
3041-000004 *
FLIGHT COMPARTMENT NUMBER 3 WINDOW HEATING
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-16 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3120A198A49 *
SIXTY MINUTE COUNT DOWN TIMER - FLIGHT DECK INSTALLATI
ON - KLM 737-900
Disposition Code: ACCPT
3131-000143 *
ACCELEROMETER - ALLIEDSIGNAL INC P/N 971-4193-001 -
BFE/SPE
Disposition Code: ACCPT
3131-000187 *
DIGITAL FLIGHT DATA RECORDER - ALLIEDSIGNAL - 256 WORD
S PER SECOND MAXIMUM DATA RATE - P/N 980-4700-042 BFE/
SPE
Disposition Code: ACCPT
3131A070B25 *
ETHERNET WIRING PROVISIONS IN THE FLIGHT DECK AISLESTA
ND
Disposition Code: ACCPT
3131A218A58 *
DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) WITH ACMS
CAPABILITY AND INTEGRATED PCMCIA MEDIA INTERFACE - HO
NEY WELL - P/N 967-0212-002 -BFE/SPE
Disposition Code: ACCPT
3132A070A42 *
AIRBORNE DATA LOADER/PORTABLE DATA LOADER (ADL/PDL) SW
ITCHING CAPABILITY - P61 PANEL
Disposition Code: ACCPT
3132A070B13 *
AIRBORNE DATA LOADER/RECORDER - ARINC 615 - ALLIEDSIGN
AL - 964-0401-017 - BFE/SPE
Disposition Code: ACCPT
3133A070A35 *
ARINC 744 PRINTER PROVISIONS IN THE FLIGHT DECK AISLES
TAND
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-17 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3133A541B70 *
ARINC 744 MULTIPORT FULL FORMAT PRINTER - INSTALLATION
- MILTOPE P/N 706300-112 - BFE
Disposition Code: ACCPT
3135A198A55 *
AIRCRAFT CONDITION MONITORING SYSTEM (ACMS) - EVENT/PR
INT SWITCH - INSTALLATION
Disposition Code: ACCPT
3161-000069 *
ENGINE OIL QUANTITY DISPLAY - LITERS - ENGINE DISPLAY
Disposition Code: ACCPT
3161-000133 *
ENGINE FUEL FLOW - FULL TIME DISPLAY - PRIMARY ENGINE
DISPLAY UNIT
Disposition Code: ACCPT
3161-000163 *
CONTROL SURFACE POSITION INDICATION - SYSTEMS DISPLAY
Disposition Code: ACCPT
3162-000018 *
ATTITUDE COMPARATOR - FLASHING - ADI
Disposition Code: ACCPT
3162-000022 *
FLIGHT DIRECTOR COMMAND DISPLAY - SPLIT AXIS - ADI
Disposition Code: ACCPT
3162-000027 *
RADIO ALTITUDE - ABOVE ADI
Disposition Code: ACCPT
3162-000040 *
BARO MINIMUMS POINTER - DISPLAYED ON SELECTION OF RADI
O ALTITUDE MINMUMS - PRIMARY FLIGHT DISPLAY
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-18 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3162-000044 *
TCAS RESOLUTION ADVISORY - VSI
Disposition Code: ACCPT
3162-000046 *
SINGLE CHANNEL AUTOPILOT ANNUNCIATION - ABOVE ADI
Disposition Code: ACCPT
3162-000051 *
ILS LOCALIZER DEVIATION EXPANDED SCALE - AUTOPILOT AND
FLIGHT DIRECTOR MODE
Disposition Code: ACCPT
3162-000060 *
MAP MODE ORIENTATION - HEADING UP - NAVIGATION DISPLAY
Disposition Code: ACCPT
3162-000064 *
RANGE ARCS - NAVIGATION DISPLAY
Disposition Code: ACCPT
3162-000080 *
MANUALLY TUNED VOR SELECTED COURSE LINES INHIBITED - N
AVIGATION DISPLAY
Disposition Code: ACCPT
3162A213A02 *
CDS DISPLAY - PFD/ND FORMAT - OVER AND UNDER ENGINE PR
ESENTATION
Disposition Code: ACCPT
3244-000008 *
SERVICE INTERPHONE CONNECTOR - EXTERNAL POWER PANEL
Disposition Code: ACCPT
3245-000049 *
BRAKES - STEEL - HIGH CAPACITY - BFGOODRICH
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-19 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3245-000094 *
WHEELS AND TIRES - MAIN LANDING GEAR - HIGH GROSS WEIG
HT WHEELS - BFGOODRICH - INSTALLATION WITH SFE 28 PR,
225 MPH TIRES
Disposition Code: ACCPT
3245-000098 *
WHEELS AND TIRES - NOSE LANDING GEAR - WHEELS - BFGOOD
RICH - INSTALLATION WITH SFE 12 PR, 225 MPH RADIAL TIR
ES
Disposition Code: ACCPT
3251-000006 *
NOSE GEAR STEERING CONTROL - FIRST OFFICER STATION
Disposition Code: ACCPT
3321-000001 *
PASSENGER CABIN LIGHTING - SINGLE-ZONE CONTROL
Disposition Code: ACCPT
3321A289F88 *
RAPID DECOMPRESSION LIGHTING - REVISION - PASSENGER CO
MPARTMENT
Disposition Code: ACCPT
3321A289K45 *
FORWARD ENTRY OVERHEAD LIGHT - AUTOMATIC DIMMING WHEN
FLIGHT DECK DOOR OPEN - *
Disposition Code: ACCPT
3342-000033 *
NOSE GEAR TAXI LIGHT - NO AUTOMATIC SWITCHOFF AT RET
RACTION
Disposition Code: ACCPT
3342-000035 *
NOSE GEAR TAXI LIGHT - 250-WATT
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-20 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3343A220A06 *
POSITION/STROBE LIGHTS - REVISION - SEPARATE SWITCHES
ON P5 OVERHEAD PANEL
Disposition Code: ACCPT
3345A198A56 *
LOGO LIGHTS - SWITCH AUTO MODE - ADDITION
Disposition Code: ACCPT
3351A070A37 *
FLOOR PROXIMITY EMERGENCY ESCAPE PATH MARKING SYSTEM I
NSTALLATION - BFE - LSI
Disposition Code: ACCPT
3412-000023 *
DUAL ELEMENT ASPIRATED TAT PROBE (FOR FMC)
Disposition Code: ACCPT
3414-000035 *
STANDBY ALTIMETER/AIRSPEED INDICATOR - FLIGHT DECK
Disposition Code: ACCPT
3423-000023 *
STANDBY ATTITUDE INDICATOR - SEXTANT AVIONIQUE - SFE
Disposition Code: ACCPT
3423A541A07 *
INTEGRATED STANDBY FLIGHT DISPLAY - PARTIAL PROVISIONS
Disposition Code: ACCPT
3430-000186 *
ILS/GPS MULTI-MODE RECEIVER (MMR) - ROCKWELL - P/N 822
-1152-002 - BFE/SPE
Disposition Code: ACCPT
3431A639A84 *
VHF NAV/DME CONTROL PANEL -INSTALLATION - BFE/SPE GABL
ES P/N G7500-03
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-21 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3433-000044 *
RADIO ALTIMETER (RA) - ALLIEDSIGNAL INC - P/N 066-5000
7-0101 - BFE/SPE
Disposition Code: ACCPT
3443-000042 *
SINGLE WEATHER RADAR CONTROL PANEL - GABLES P/N G7407-
2 - BFE/SPE
Disposition Code: ACCPT
3443A218A16 *
SINGLE WEATHER RADAR SYSTEM - WITH PREDICTIVE WINDSHEA
R - ALLIEDSIGNAL TRANSCEIVER P/N 066-50008-0406 - BFE/
SPE
Disposition Code: ACCPT
3445A065A25 *
TCAS SYSTEM - HONEYWELL TCAS COMPUTER P/N 7517900-1000
3 - TCAS CHANGE 7 COMPLIANT - BFE/SPE
Disposition Code: ACCPT
3446-000045 *
STANDARD VOLUME FOR ALTITUDE CALLOUTS
Disposition Code: ACCPT
3446-000048 *
GROUND PROXIMITY WARNING SYSTEM BANK ANGLE CALLOUT ENA
BLED
Disposition Code: ACCPT
3446-000049 *
500 SMART CALLOUT INHIBITED
Disposition Code: ACCPT
3446A070A40 *
GROUND PROXIMITY WARNING SYSTEM ALTITUDE CALLOUTS - 50
0, 100, 50, 40, 30, 20, 10, APPROACHING MINIMUMS - MIN
IMUMS
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-22 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3451-000023 *
VOR/MARKER BEACON - ALLIEDSIGNAL RECEIVER P/N 066-5001
2-0101 - BFE/SPE
Disposition Code: ACCPT
3453A070C30 *
ATC SYSTEM - HONEYWELL ATC TRANSPONDER P/N 7517800-100
02 - GABLES CONTROL PANEL P/N G6990-53 - BFE/SPE
Disposition Code: ACCPT
3455-000020 *
DISTANCE MEASURING EQUIPMENT (DME) - ALLIEDSIGNAL INTE
RROGATOR P/N 066-50013-0101 - BFE/SPE
Disposition Code: ACCPT
3457-000193 *
AUTOMATIC DIRECTION FINDER (ADF) - SINGLE SYSTEM - ALL
IEDSIGNAL DFA-75B - ADF RECEIVER P/N 066-50014-0101;
ADF ANTENNA P/N 2041683-7507 - BFE/SPE
Disposition Code: ACCPT
3457-000282 *
SINGLE ADF CONTROL PANEL - GABLES - G7402-05 - WITH TO
NE SWITCH - BFE/SPE
Disposition Code: ACCPT
3461-000013 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - FMC (DUAL)
AND MCDU - INSTALLATION - SFE
Disposition Code: ACCPT
3461-000127 *
FMCS - BUILT-IN TEST EQUIPMENT PRINTER RECEPTACLES
Disposition Code: ACCPT
3461-002150 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - OPTIONAL FE
ATURE - JAA FLIGHT RULES
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-23 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3461A425A09 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - NAVIGATION
DATABASE - BOEING SUPPLIED
Disposition Code: ACCPT
3461A425A17 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - AIRLINE OPE
RATIONAL COMMUNICATIONS DATA LINK (AOC DL) - FANS FEAT
URE ACTIVATION
Disposition Code: ACCPT
3461A425A23 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- QUICK REFERE
NCE HANDBOOK (QRH) - TAKEOFF SPEEDS- DISPLAYED
Disposition Code: ACCPT
3461A425A26 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- FLIGHT NUMBE
R ENTRY ON THE ROUTE PAGE - ENABLE
Disposition Code: ACCPT
3461A425A28 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- ALTERNATE DE
STINATIONS - ENABLE
Disposition Code: ACCPT
3461A425A30 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- ABEAM WAYPOI
NTS- ENABLE
Disposition Code: ACCPT
3461A425A32 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)-MESSAGE RECAL
L-ENABLE
Disposition Code: ACCPT
3461A425A34 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- RUNWAY DISTA
NCE REMAINING- METERS
Disposition Code: ACCPT
|
P.A. No. 2241 A-5-24 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3461A425A37 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- SPEED AND AL
TITUDE INTERVENTION - INHIBIT
Disposition Code: ACCPT
3461A425A39 *
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- VERTICAL NAV
IGATION PROFILE- "VNAV ALT"- INHIBIT
Disposition Code: ACCPT
3511-000003 *
CREW OXYGEN CYLINDER - 115 CU. FT. CAPACITY
Disposition Code: ACCPT
3511-000011 *
NO REMOTE CREW OXYGEN FILL STATION
Disposition Code: ACCPT
3511-000188 *
CREW OXYGEN MASKS - AUTOMATIC PRESSURE BREATHING TYPE
- CAPTAIN, FIRST OFFICER, AND TWO OBSERVERS - EROS/SCO
TT AVIATION - BFE/SPE
Disposition Code: ACCPT
3520-000180 *
ATTENDANT OXYGEN MASKS IN ENCLOSED G1/G2 AREA - JAA PA
RT 25 REQUIREMENT
Disposition Code: ACCPT
3811-000018 *
POTABLE WATER - 60 GALLONS CAPACITY - SERVICEABLE
TO 50 GALLONS
Disposition Code: ACCPT
3811-000025 *
POTABLE WATER SYSTEM - ADDITIONAL FREEZE PROTECTION
Disposition Code: ACCPT
3812-000002 *
NO WATER QUANTITY GAUGE - WATER SERVICE PANEL
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-25 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3831-000016 *
GRAY WATER LEVEL DRAIN LINE ROUTING - FORWARD CARGO HO
LD
Disposition Code: ACCPT
3832-000032 *
VACUUM WASTE SYSTEM - MONOGRAM TOILET ASSEMBLIES
Disposition Code: ACCPT
3832-000077 *
SENSOR FOULED LIGHT - VACUUM WASTE SYSTEM SERVICE PA
NEL
Disposition Code: ACCPT
3832A244C26 *
WASTE QUANTITY GAUGE - VACUUM WASTE SYSTEM SERVICE P
ANEL
Disposition Code: ACCPT
3910A198A60 *
AFT OVERHEAD PANEL - RELOCATION OF DOME LIGHT AND SERV
ICE INTERPHONE SWITCHES
Disposition Code: ACCPT
3910A639A76 *
AFT OVERHEAD PANEL ARRANGEMENT - * 737-700
Disposition Code: ACCPT
3910A639A77 *
AFT ELECTRONICS PANEL ARRANGEMENT - * 737-700
Disposition Code: ACCPT
3920-000011 *
AUXILIARY E/E EQUIPMENT E5-1 SHELF - INSTALLATION
Disposition Code: ACCPT
3920-000039 *
NO E6 RACK INSTALLATION - COMPLETION OF BASELINE AIRL
INE AFT CARGO COMPARTMENT
Disposition Code: ACCPT
----------
|
* Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission.
P.A. No. 2241 A-5-26 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
3920A070B24 *
PROVISIONS FOR AUXILIARY E/E EQUIPMENT E8 RACK - INSTA
LLATION
Disposition Code: ACCPT
5200-000036 *
HOLD-OPEN LOCK (DOWN-TO-RELEASE) - ENTRY AND SERVICE
DOORS
Disposition Code: ACCPT
5231A289F85 *
CARGO DOOR - SOLID SKIN
Disposition Code: ACCPT
5300A070A45 *
HEAVY DUTY FLOOR PANELS (NOMEX IN AISLE & GALLEY'S AND
ALUMINUM UNDER SEATS) THROUGHOUT CABIN
Disposition Code: ACCPT
5352A298A28 *
RADOME- NORDAM- SFE
Disposition Code: ACCPT
7200-000121 *
CFM56-7 ENGINES - 7B24 RATING
Disposition Code: ACCPT
7200-000224 *
SINGLE ANNULAR COMBUSTOR - CFM56-7 ENGINES
Disposition Code: ACCPT
7200-000415 *
CFMI INTERNATIONAL PROPULSION SYSTEM
Disposition Code: ACCPT
7900-000117 *
LUBRICATING OIL - EXXON 2380
Disposition Code: ACCPT
MISC *
INTERIOR ALLOWANCE
|
P.A. No. 2241 A-5-27 SA-5
ILF/* 737-7K2
PRICE PER A/P
CR / TITLE (in *)
======================================================== ====================
|
CR'S 231 TOTAL *
P.A. No. 2241 A-5-28 SA-5
EXHIBIT 12
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
YEARS ENDED DECEMBER 31,
--------------------------------------------------------------
2000 1999 1998 1997 1996
---------- ---------- ---------- ---------- ----------
(DOLLARS IN THOUSANDS)
Earnings
Net income......................... $ 468,901 $ 453,447 $ 369,352 $ 338,684 $ 251,774
Add:
Provision for income taxes...... 237,292 249,958 192,922 187,475 143,165
Fixed charges................... 894,146 807,495 778,817 754,246 655,958
Less:
Capitalized interest............ 50,019 45,235 54,297 48,818 50,368
---------- ---------- ---------- ---------- ----------
Earnings as adjusted (A)........... $1,550,320 $1,465,665 $1,286,794 $1,231,587 $1,000,529
========== ========== ========== ========== ==========
Preferred dividend requirements.... $ 18,570 $ 18,131 $ 16,965 $ 16,348 $ 16,599
Ratio of income before provision
for income taxes to net
income........................ 151% 155% 152% 155% 157%
---------- ---------- ---------- ---------- ----------
Preferred dividend factor on
pretax basis.................. 28,041 28,103 25,787 25,339 26,060
---------- ---------- ---------- ---------- ----------
Fixed charges
Interest expense................ 773,539 686,767 639,964 642,321 573,599
Capitalized interest............ 50,019 45,235 54,297 48,818 50,368
Interest factor of rents........ 70,588 75,493 84,556 63,107 31,991
---------- ---------- ---------- ---------- ----------
Fixed charges as adjusted (B)...... 894,146 807,495 778,817 754,246 655,958
---------- ---------- ---------- ---------- ----------
Fixed charges and preferred stock
dividends (C)................... $ 922,187 $ 835,598 $ 804,604 $ 779,585 $ 682,018
========== ========== ========== ========== ==========
Ratio of earnings to fixed charges
((A) divided by (B))............... 1.73x 1.82x 1.65x 1.63x 1.53x
========== ========== ========== ========== ==========
Ratio of earnings to fixed charges
and preferred stock dividends ((A)
divided by (C)).................... 1.68x 1.75x 1.60x 1.58x 1.47x
========== ========== ========== ========== ==========
|
EXHIBIT 23
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Registration Statement on Form S-3 (No. 333-49566) of International Lease Finance Corporation (the "Company") and in the related Prospectus of our report dated February 16, 2001, relating to the consolidated financial statements and financial statement schedule, which appear in the Company's Annual Report on Form 10-K for the year ended December 31, 2000. We also consent to the reference to us under the heading "Experts" in such Registration Statement.
PricewaterhouseCoopers LLP
Los Angeles, California
March 19, 2001
| ARTICLE 5 |
| PERIOD TYPE | 12 MOS |
| FISCAL YEAR END | DEC 31 2000 |
| PERIOD START | JAN 01 2000 |
| PERIOD END | DEC 31 2000 |
| CASH | 134,653 |
| SECURITIES | 0 |
| RECEIVABLES | 296,063 |
| ALLOWANCES | 0 |
| INVENTORY | 0 |
| CURRENT ASSETS | 0 |
| PP&E | 20,534,304 |
| DEPRECIATION | 2,655,915 |
| TOTAL ASSETS | 19,705,529 |
| CURRENT LIABILITIES | 0 |
| BONDS | 12,958,164 |
| PREFERRED MANDATORY | 0 |
| PREFERRED | 400,000 |
| COMMON | 3,582 |
| OTHER SE | 3,060,197 |
| TOTAL LIABILITY AND EQUITY | 19,705,529 |
| SALES | 2,301,440 |
| TOTAL REVENUES | 2,478,745 |
| CGS | 0 |
| TOTAL COSTS | 999,013 |
| OTHER EXPENSES | 0 |
| LOSS PROVISION | 0 |
| INTEREST EXPENSE | 773,539 |
| INCOME PRETAX | 706,193 |
| INCOME TAX | 237,292 |
| INCOME CONTINUING | 468,901 |
| DISCONTINUED | 0 |
| EXTRAORDINARY | 0 |
| CHANGES | 0 |
| NET INCOME | 468,901 |
| EPS BASIC | 0 |
| EPS DILUTED | 0 |