Originally Posted by
sobo
I'm pretty sure the 2020 obligations are the actual amounts due for that particular year. For example, if you mortgage ~100 planes, you have ~100 planes worth of down-payments and payments due for that fiscal year.
I could be mistaken with how I'm interpreting the 10-k but it's a yearly breakdown which leads me to believe that they actually have $1.5b due in obligations this year.
I could be mistaken too, just trying to have a conversation for mutual understanding. I'm referencing the debt obligation table on pg 53 of the 10-K filed on March 5, 2020; which is where I figured you found the $1,500 Million debt due in 2020. Spirit takes 15 planes in 2020; $988 Million in flight equipment purchase obligation / 15 planes = approx $68 million/plane (+/- an engine or two) seems more in line with the purchase price than a buyback lease or secured financing down payment considering the list price is around $100 million/plane