Fair Values
Financial instru ments and fair values
Financial instruments and fair values
40.
The fair values of financial assets and liabilities is not significantly different than the carrying amounts shown in the balance sheet. Off -balance sheet items
Off-balance sheet items
41.
As a lessee the Company has in place operating leases for 24 aircrafts at the end of December 2006. The leases are for seventeen Boeing 757 aircrafts, three Boeing 767 aircrafts and four smaller aircrafts. The Company also has in place operating leases for storage facilities, accommodations, equipment and fixtures for its operations, the longest until the year 2015. At the end of the year 2006 the leases are payable as follows:
| Real estate | Aircrafts | Other | Total | |
| In the year 2007 | 913,000 | 3,957 | 109 | 4,979 |
| In the year 2008 | 890,000 | 3,711 | 108 | 4,709 |
| In the year 2009 | 859,000 | 3,293 | 70 | 4,222 |
| In the year 2010 | 797,000 | 2,803 | 0 | 3,600 |
| In the year 2011 | 775,000 | 2,422 | 0 | 3,197 |
| Ubsequent | 1,532 | 2,069 | 0 | 3,601 |
| Total | 5,766 | 18,255 | 287 | 24,308 |
