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These excerpts taken from the AYR 10-K filed Mar 2, 2009. 747 PDP
Credit Facility
On July 26, 2007, we made an accelerated payment to the
relevant Guggenheim Aviation Investment Fund LP, or GAIF,
seller under our acquisition agreement with GAIF, which we refer
to as the GAIF Acquisition Agreement, for three Boeing Model
747-400ERF
aircraft in the amount of $106.7 million and assumed a
pre-delivery payment credit facility related to such
747-400ERF
aircraft, or the Accelerated ERF Aircraft, which we refer to as
the 747 PDP Credit Facility. The total outstanding amount of
borrowings assumed under the 747 PDP Credit Facility was
$95.9 million. On July 30, 2007, we took delivery of
the first Accelerated ERF Aircraft and paid down
$31.8 million under the 747 PDP Credit Facility. On
February 11, 2008, we took delivery of the second
Accelerated ERF Aircraft and paid down $32.2 million under
the 747 PDP Credit Facility. The facility matured upon the
delivery of the third and final Accelerated ERF aircraft on
April 10, 2008 when we paid the remaining balance of
$31.9 million.
747 PDP Credit Facility On July 26, 2007, we made an accelerated payment to the relevant Guggenheim Aviation Investment Fund LP, or GAIF, seller under our acquisition agreement with GAIF, which we refer to as the GAIF Acquisition Agreement, for three Boeing Model 747-400ERF aircraft in the amount of $106.7 million and assumed a pre-delivery payment credit facility related to such 747-400ERF aircraft, or the Accelerated ERF Aircraft, which we refer to as the 747 PDP Credit Facility. The total outstanding amount of borrowings assumed under the 747 PDP Credit Facility was $95.9 million. On July 30, 2007, we took delivery of the first Accelerated ERF Aircraft and paid down $31.8 million under the 747 PDP Credit Facility. On February 11, 2008, we took delivery of the second Accelerated ERF Aircraft and paid down $32.2 million under the 747 PDP Credit Facility. The facility matured upon the delivery of the third and final Accelerated ERF aircraft on April 10, 2008 when we paid the remaining balance of $31.9 million. 747 PDP
Credit Facility
On July 26, 2007, we made an accelerated payment to the
relevant Guggenheim Aviation Investment Fund LP
(“GAIF”) seller under our acquisition agreement with
GAIF (the “GAIF Acquisition Agreement”) for three
Boeing Model
747-400ERF
aircraft in the amount of $106,668 and assumed a pre-delivery
payment credit facility related to such
747-400ERF
aircraft (the “Accelerated ERF Aircraft”), which we
refer to as the “747 PDP Credit Facility”. The total
outstanding amount of borrowings assumed under the 747 PDP
Credit Facility was $95,926. On July 30, 2007, we took
delivery of the first Accelerated ERF Aircraft and paid down
$31,799 under the 747 PDP Credit Facility. On February 11,
2008, we took delivery of the second Accelerated ERF Aircraft
and paid down $32,202 under the 747 PDP Credit Facility. The
facility matured upon the delivery of the third and final
Accelerated ERF aircraft on April 10, 2008 when we paid the
remaining balance of $31,925.
747 PDP Credit Facility On July 26, 2007, we made an accelerated payment to the relevant Guggenheim Aviation Investment Fund LP (“GAIF”) seller under our acquisition agreement with GAIF (the “GAIF Acquisition Agreement”) for three Boeing Model 747-400ERF aircraft in the amount of $106,668 and assumed a pre-delivery payment credit facility related to such 747-400ERF aircraft (the “Accelerated ERF Aircraft”), which we refer to as the “747 PDP Credit Facility”. The total outstanding amount of borrowings assumed under the 747 PDP Credit Facility was $95,926. On July 30, 2007, we took delivery of the first Accelerated ERF Aircraft and paid down $31,799 under the 747 PDP Credit Facility. On February 11, 2008, we took delivery of the second Accelerated ERF Aircraft and paid down $32,202 under the 747 PDP Credit Facility. The facility matured upon the delivery of the third and final Accelerated ERF aircraft on April 10, 2008 when we paid the remaining balance of $31,925. | EXCERPTS ON THIS PAGE:
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