LUV » Topics » Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft

These excerpts taken from the LUV 10-K filed Feb 2, 2009.

Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft

 

      The Boeing Company     

Delivery Year

   Firm Orders    Options    Purchase Rights    Total

2009

   13          13

2010

   10          10

2011

   10    10       20

2012

   13    10       23

2013

   19    4       23

2014

   13    7       20

2015

   14    3       17

2016

   12    11       23

2017

      17       17

Through 2018

         54    54
                   

Total

   104    62    54    220
                   

 

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Table of Contents

Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft

 

      The Boeing Company     

Delivery Year

   Firm Orders    Options    Purchase Rights    Total

2009

   13          13

2010

   10          10

2011

   10    10       20

2012

   13    10       23

2013

   19    4       23

2014

   13    7       20

2015

   14    3       17

2016

   12    11       23

2017

      17       17

Through 2018

         54    54
                   

Total

   104    62    54    220
                   

 

14


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Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 
































































































































































    The Boeing Company   

Delivery Year

  Firm Orders  Options  Purchase Rights  Total

2009

  13      13

2010

  10      10

2011

  10  10    20

2012

  13  10    23

2013

  19  4    23

2014

  13  7    20

2015

  14  3    17

2016

  12  11    23

2017

    17    17

Through 2018

      54  54
            

Total

  104  62  54  220
            

 


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Ground Facilities and Services

Southwest
leases terminal passenger service facilities at each of the airports it serves, to which it has made various leasehold improvements. The Company leases the land and structures on a long-term basis for its maintenance centers (located at Dallas Love
Field, Houston Hobby, Phoenix Sky Harbor, and Chicago Midway), its flight training center at Dallas Love Field (which houses seven 737 simulators), and its corporate headquarters, also located at Dallas Love Field. During 2008, the City of Dallas
approved the Love Field Modernization Program, an estimated $519 million project to provide Dallas Love Field with modern, convenient facilities. Southwest is managing the project, and construction is expected to commence during the summer of 2009,
with completion scheduled for October 2014. As of December 31, 2008, the Company operated six reservation centers. The reservation centers located in Chicago, Albuquerque, and Oklahoma City occupy leased space. The Company owns its Houston,
Phoenix, and San Antonio reservation centers.

The Company performs substantially all line maintenance on its aircraft and provides
ground support services at most of the airports it serves. However, the Company has arrangements with certain aircraft maintenance firms for major component inspections and repairs for its airframes and engines, which comprise the majority of the
Company’s annual aircraft maintenance costs.

 





Item 3.Legal Proceedings

On March 6,
2008, the FAA notified Southwest that it was seeking to fine Southwest approximately $10 million in connection with an incident concerning the Company’s potential non-compliance with an airworthiness directive. The Company is currently in
settlement discussions with the FAA.

In connection with the above incident, during the first quarter and early second quarter of 2008, the
Company was named as a defendant in two putative class actions on behalf of persons who purchased air travel from the Company while the Company was allegedly in violation of FAA safety regulations. Claims alleged by the plaintiffs in these two
putative
class actions include breach of contract, breach of warranty, fraud/misrepresentation, unjust enrichment, and negligent and reckless operation of an aircraft. The Company believes that the
class action lawsuits are without merit and intends to vigorously defend itself. Also in connection with the above incident, during the first quarter and early second quarter of 2008, the Company received four letters from Shareholders
demanding the Company commence an action on behalf of the Company against members of its Board of Directors and any other allegedly culpable parties for damages resulting from an alleged breach of fiduciary duties owed by them to the
Company. In August 2008, Carbon County Employees Retirement System and Mark Cristello filed a related Shareholder derivative action in Texas state court naming certain directors and officers of the Company as individual defendants and the
Company as a nominal defendant. The derivative action claims breach of fiduciary duty and seeks recovery by the Company of alleged monetary damages sustained as a result of the purported breach of fiduciary duty, as well as costs of the
action. A Special Committee appointed by the Independent Directors of the Company is currently evaluating the Shareholder demands.

SIZE="2">The Company is subject to various legal proceedings and claims arising in the ordinary course of business, including, but not limited to, examinations by the Internal Revenue Service (IRS). The IRS regularly examines the Company’s
federal income tax returns and, in the course of those examinations, proposes adjustments to the Company’s federal income tax liability reported on such returns. It is the Company’s practice to vigorously contest those proposed adjustments
that it deems lacking merit. The Company’s management does not expect the outcome in any of its currently ongoing legal proceedings or the outcome of any proposed adjustments presented to date by the IRS, individually or collectively, will have
a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

 





Item 4.Submission of Matters to a Vote of Security Holders

FACE="Times New Roman" SIZE="2">None to be reported.

 


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Table of Contents


This excerpt taken from the LUV DEF 14A filed Apr 10, 2008.
Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft
 
                                 
    The Boeing Company        
Delivery Year
  Firm Orders     Options     Purchase Rights     Total  
 
2008
    29                   29  
2009
    20       8             28 *
2010
    10       24             34  
2011
    10       22             32  
2012
    10       30             40  
2013
    19                   19  
2014
    10                   10  
2008-2014
                54       54  
                                 
Total
    108       84       54       246  
                                 
 
 
* The Company exercised one option in January 2008, bring 2009 firm orders and options to 21 and 7, respectively.
 
These excerpts taken from the LUV 10-K filed Feb 4, 2008.
Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft
 
                                 
    The Boeing Company        
Delivery Year
  Firm Orders     Options     Purchase Rights     Total  
 
2008
    29                   29  
2009
    20       8             28 *
2010
    10       24             34  
2011
    10       22             32  
2012
    10       30             40  
2013
    19                   19  
2014
    10                   10  
2008-2014
                54       54  
                                 
Total
    108       84       54       246  
                                 
 
 
* The Company exercised one option in January 2008, bring 2009 firm orders and options to 21 and 7, respectively.
 
Firm
Orders, Options and Purchase Rights for Boeing
737-700
Aircraft



 




































































































































































































































































                                 

 

 

The Boeing Company

 

 

 

 


Delivery Year


 

Firm Orders

 

 

Options

 

 

Purchase Rights

 

 

Total

 
 


2008


 

 

29

 

 

 



 

 

 



 

 

 

29

 


2009


 

 

20

 

 

 

8

 

 

 



 

 

 

28

*


2010


 

 

10

 

 

 

24

 

 

 



 

 

 

34

 


2011


 

 

10

 

 

 

22

 

 

 



 

 

 

32

 


2012


 

 

10

 

 

 

30

 

 

 



 

 

 

40

 


2013


 

 

19

 

 

 



 

 

 



 

 

 

19

 


2014


 

 

10

 

 

 



 

 

 



 

 

 

10

 


2008-2014


 

 



 

 

 



 

 

 

54

 

 

 

54

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total


 

 

108

 

 

 

84

 

 

 

54

 

 

 

246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















*

The Company exercised one option in January 2008, bring 2009
firm orders and options to 21 and 7, respectively.


 




This excerpt taken from the LUV DEF 14A filed Apr 5, 2007.
Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft
 
                                 
Delivery Year
  Firm Orders     Options     Purchase Rights     Total  
 
2007
    37                   37  
2008
    30       4             34  
2009
    18       18             36  
2010
    10       32             42  
2011
    10       30             40  
2012
    10       30             40  
2008-2014
                54       54  
                                 
Totals
    115       114       54       283  
                                 
 
This excerpt taken from the LUV 10-K filed Feb 1, 2007.
Firm Orders, Options and Purchase Rights for Boeing 737-700 Aircraft
 
                                 
Delivery Year
  Firm Orders     Options     Purchase Rights     Total  
 
2007
    37                   37  
2008
    30       4             34  
2009
    18       18             36  
2010
    10       32             42  
2011
    10       30             40  
2012
    10       30             40  
2008-2014
                54       54  
                                 
Totals
    115       114       54       283  
                                 
 
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