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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


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