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Off-balance Sheet Items

40. As a lessee the Company has in place operating leases for 30 aircrafts at the end of December 2007. The leases are for sixteen Boeing 757 aircrafts, four Boeing 767 aircrafts, three Boeing 737 and seven Airbus A730 aircrafts. The Company also has in place operating leases for storage facilities, accommodations, equipment and fixtures for its operations, the longest until the year 2014. At the end of the year 2007 the leases are payable as follows:

Real estate Aircrafts Other Total
In the year 2008 686 5.475 111 6.272
In the year 2009 643 5.199 109 5.951
In the year 2010 604 4.534 58 5.196
In the year 2011 589 3.712 0 4.301
In the year 2012 557 2.558 0 3.115
Subsequent 700 518 0 1.218
Total 3.779 21.996 278 26.053




 



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