4 unchanged sentences
Aircraft Number
−Removed: Owned (a) Number
737-700 143 18 387 352 35
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Totals 11 817 736 81
−Removed: (a) As discussed further in Note 7 to the Consolidated Financial Statements, 83 of the Company's aircraft were pledged as collateral as of December 31, 2022, associated with outstanding secured borrowings.
−Removed: (b) See Note 8 to the Consolidated Financial Statements for more information on the Company's lease transactions.
−Removed: The delivery schedule below reflects contractual commitments, although the timing of future deliveries is uncertain.
−Removed: For purposes of the delivery schedule below, the Company has included the remaining 46 of its 2022 contractual undelivered aircraft within its 2023 contractual commitments, and has not made any further adjustments to this schedule based on current estimations.
−Removed: The Company is planning for approximately 100 -8 aircraft deliveries in 2023.
−Removed: The delivery schedule for the -7 is dependent on the FAA issuing required certifications and approvals to Boeing and the Company.
−Removed: The FAA will ultimately determine the timing of the -7 certification and entry into service, and the Company therefore offers no assurances that current estimations and timelines are correct.
−Removed: As of December 31, 2022, the Company had firm deliveries and options for Boeing 737 -7 and 737 -8 aircraft as follows:
+Added: (a) See Note 8 to the Consolidated Financial Statements for more information on the Company's lease transactions.
+Added: In fourth quarter 2023, the Company entered into supplemental agreements with Boeing relating to its contractual order book for -7 and -8 aircraft.
+Added: These agreements, which include an extended order book to 2031, provide flexibility in support of the Company's growth plans and fleet modernization.
+Added: The delivery schedule below reflects contractual commitments, although the timing of future deliveries could be affected by any potential or prolonged delays in the manufacturing process or with the -7 certification.
+Added: The Company retains significant flexibility to manage its fleet size, including opportunities to accelerate fleet modernization efforts if growth opportunities do not materialize.
+Added: As of December 31, 2023, the Company had firm deliveries and options for -7 and -8 aircraft as follows:
The Boeing Company
-7 Firm Orders -8 Firm Orders -7 or -8 Options Total
−Removed: 2023 31 105 — 136 (a)
−Removed: 2024 41 — 45 86 (b)
+Added: 2024 27 58 — 85 (c)
2025 59 — 15 74
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2030 45 — 45 90
−Removed: 182 235 (c) 147 (b) 564
−Removed: (a) The Company has included the remaining 46 of its 2022 contractual undelivered aircraft (14 -7s and 32 -8s) within its 2023 contractual commitments.
−Removed: Due to Boeing's supply chain challenges and the current status of the -7 certification, the Company currently estimates approximately 100 MAX aircraft deliveries in 2023.
−Removed: The 2023 contractual detail is as follows:
−Removed: The Boeing Company
−Removed: Firm Orders -8
−Removed: Firm Orders Total
−Removed: 2022 Contractual Deliveries Remaining 14 32 46
−Removed: 2023 Contractual Deliveries 17 73 90
−Removed: 2023 Contractual Total 31 105 136
−Removed: (b) In January 2023, the Company exercised 10 -7 options for delivery in 2024.
−Removed: (c ) The Company has flexibility to designate firm orders or options as -7s or -8s, upon written advance notification as stated in the contract.
+Added: 2031 45 — 45 90
+Added: 307 (a) 188 (b) 199 694
+Added: (a) The delivery timing for the -7 is dependent on the FAA issuing required certifications and approvals to Boeing and the Company.
+Added: The FAA will ultimately determine the timing of the -7 certification and entry into service, and the Company therefore offers no assurances that current estimations and timelines are correct.
+Added: (b) The Company has flexibility to designate firm orders or options as -7s or -8s, upon written advance notification as stated in the contract.
+Added: (c) The Company currently plans for approximately 79 MAX aircraft deliveries in 2024.
Ground Facilities and Services
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The Company leases the land and/or structures on a long-term basis for its aircraft maintenance centers (located at Dallas Love Field, Houston Hobby, Phoenix Sky Harbor, Chicago Midway, Hartsfield-Jackson Atlanta International Airport, Denver International Airport, and Orlando International Airport) and its main corporate headquarters building, also located near Dallas Love Field.
−Removed: The Company also leases a warehouse and engine repair facility in Atlanta.
+Added: Company also leases a warehouse and engine repair facility in Atlanta.
The Company has announced its intent to build a new aircraft maintenance facility, expected to be completed in 2025, at Baltimore-Washington International Airport.
+Added: The Company owns two additional headquarters buildings, located across the street from the Company's main headquarters building, on land owned by the Company, including (a) an energy efficient, modern building, called TOPS, which houses certain operational and training functions, including the Company's 24-hour operations and (b) the Wings Complex, consisting of a Leadership Education and Aircrew Development (“LEAD”) Center (housing the Company's 26 Boeing 737 flight simulators and classroom space for Pilot training), an additional office building, and a parking garage.
The Company has commitments associated with various airport improvement projects, including construction at Houston Hobby International Airport.
This project includes the construction of new facilities and the rebuilding or modernization of existing facilities.
+Added: In April 2023, the Company executed a ground lease agreement with Los Angeles World Airports (“LAWA”) at Los Angeles International Airport (LAX) which provides the Company the right to construct a 9-gate concourse (Concourse 0) adjacent to Terminal 1.
+Added: The Company expects to manage the design, development, financing, construction, and commissioning of the project, and expects to commence construction in early 2025 with construction to be complete in late 2028 or early 2029.
+Added: Prior to commencement of construction, LAWA and the Company will need to agree on scope and budget and have financing in place.
Additional information regarding these projects is provided in Note 5 to the Consolidated Financial Statements.
−Removed: The Company owns two additional headquarters buildings, located across the street from the Company's main headquarters building, on land owned by the Company including (a) an energy-efficient, modern building, called TOPS, which houses certain operational and training functions, including the Company's 24-hour operations and (b) the Wings Complex, consisting of a Leadership Education and Aircrew Development (LEAD) Center (housing the Company's 26 Boeing 737 flight simulators and classroom space for Pilot training), an additional office building, and a parking garage.
−Removed: As of December 31, 2021, the Company operated seven Customer Support and Services call centers.
−Removed: During 2022, the Company closed all seven physical locations of the Customer Support and Services call centers and transitioned Customer Support and Services Employees to remote work.
The Company performs substantially all line maintenance on its aircraft and provides ground support services at most of the airports it serves.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.