On the 717 lease terms.

From LUV's 10Q

From SWA’s 2nd Q 10Q



The Company will lease and/or sublease all 88 of the B717s to Delta at agreed-upon lease rates. In addition, the Company will pay the majority of the costs to convert the aircraft to the Delta livery and to perform certain maintenance checks prior to the delivery of each aircraft. The agreement to pay these conversion and maintenance costs is a “lease incentive” under applicable accounting guidance. The sublease terms for the 78 B717s currently on operating lease and the two B717s currently classified as capital leases coincide exactly with the Company’s remaining lease terms for these aircraft from the original lessor, which range from approximately six years to approximately twelve years. The lease terms for the eight B717s that are owned by the Company are for a period of seven years, after which Delta will have an option to purchase the aircraft at the then-prevailing market value.

From Boeing's 10K that was just filed on 7/25.

From Boeing Capitol 10Q:



A significant portion of our portfolio is concentrated among a few customers and in distinct geographic regions, particularly in the United States. Our portfolio is also concentrated by varying degrees across aircraft product types and vintages. Our concentration risk is mitigated in part by intercompany guarantees from Boeing with respect to certain portfolio assets, which primarily relate to 717 aircraft.



For the six months ended June 30, 2012 and 2011, AirTran Holdings, LLC, a wholly owned subsidiary of Southwest Airlines Co. (Southwest), accounted for 18% and 21% of our revenue. On July 8, 2012, BCC, Boeing, Southwest and Delta Air Lines, Inc. (Delta) reached agreement whereby the 717 aircraft on lease to AirTran Airways, Inc. (AirTran) will be subleased from AirTran to Delta on a phased-in basis beginning in 2013, with the sublease scheduled for the duration of the lease term between BCC and AirTran. Delta has committed to lease these 717 aircraft from us for an additional seven-year period following the expiration of the sublease.
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That puts the jets departing from 2024 to 2031. It is in line with being in the long term fleet plan as Alfa and Slow indicated, but refused to be specific with. Well, here are the specifics via two other companies. It is as they have stated with their general comments, but would not add specificity to the press releases from Boeing and LUV that were posted during the TA vote.

Of note, the Boeing 10Q was filed on 7/25 meaning that the lease extensions were not completed during the vote, and the press releases were factually accurate even though the company may have indicated to the Admin that they(DAL) were working on a deal with Boeing to do as Alfa and Slow hinted at. For me, I am glad their insinuations proved to turn in to fact.