Aircraft Rentals definition

Aircraft Rentals means the operating expense attributable to aircraft rentals, calculated in accordance with the line item described as such in the Current Financials.
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Aircraft Rentals means the operating expense attributable to rental of aircraft, calculated in accordance with the line item described as such in the Current Financials.
Sample 1Sample 2Sample 3

Examples of Aircraft Rentals in a sentence

  • Enter into or permit to remain in effect any flight equipment lease agreements which, as of the close of any fiscal year, cause the Company's Consolidated Aircraft Rentals for such fiscal year to exceed eight percent (8%) of the Company's consolidated operating revenues for such fiscal year, provided that any such lease agreements as may be necessary in connection with interchange agreements between the Company and other airline related businesses shall not be included in such calculation.

  • This will affect depreciation, interest and aircraft assets, and, for this type of lease NO amount should be shown in Aircraft Rentals - see Section 3 for detailed reporting requirements.- The Operating Lease (or Dry Lease), under which the rentals are paid by a carrier for a period that is substantially less than the normal life of the aircraft.

  • These lease/rental payments should be reported under Aircraft Rentals - see Section 3 for detailed reporting re- quirements.- The Wet Lease under which an aircraft is usually leased on Aircraft, Crew, Mainte- nance and Insurance (ACMI) basis.

  • All amounts under this kind of operation should be allocated under the XXX aircraft type and under the position Aircraft Rentals.

  • This expense is considered a special item since there is a non-cash double counting of fleet PBH in Aircraft Rentals and in the Depreciation & Amortization line, and therefore has been adjusted for in the adjusted financial figures.

  • Commission Regulation (EC) No 104/2004 of 22 January 2004 laying down rules on the organisation and composition of the Board of Appeal of the European Aviation Safety Agency.

  • LATAM Airlines Group S.A.Consolidated Financial Results for the twelve-month period ended December (in thousands of US Dollars) Note: Adjustments in the quarter include LATAM's variable fleet payments (PBH) accounted for in Aircraft Rentals as well as employee compensation associated with the Corporate Incentive Plan.

  • Aircraft Rentals fell 7.6% year-on-year: passenger aircraft operating lease expense fell 7.1% due to lower interest rates, wet lease expense also decreased, due to a reduced number of aircraft, and by extension the reduced number of block hours, operated under this regime (four fewer aircraft vs.

  • Consolidated Adjusted Pre-Tax Income* $ (1) Aircraft Rentals* $ (2) Net Interest Expense* $ (3) Depreciation and amortization* $ (4) Cash dividends paid* $ (5) Sum of lines (1), (2), (3), and (4), minus line (5) $ (6) Net Interest Expense* $ (7) Aircraft Rentals* $ (8) Sum of lines (7) and (8) $ (9) Ratio of line (6) to line (9) _____ to _____ Minimum Ratio 1.25 to 1.00 * For four fiscal quarter period ending on last day of Subject Period.

  • On any date on which the S&P Rating is less than BBB- and the Xxxxx'x Rating is less than Baa3, permit, as of the last day of the most recent period of four consecutive fiscal quarters of the Company for which the relevant financial information is available, the ratio of (a) Consolidated EBITDA for such period plus Consolidated Aircraft Rentals for such period to (b) Consolidated Interest Expense for such period plus Consolidated Aircraft Rentals for such period to be less than 1.50 to 1.0.

Related to Aircraft Rentals

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Leased Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Rentals of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease.

  • aircraft operator means a person that operated at least 729 commercial air transport flights departing from Union airports in the reporting period or, where that person may not be identified, the owner of the aircraft;

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Owner-builder means an owner or lessor of real property who, by himself or by or through others, constructs or has constructed or reconstructs or has reconstructed any improvement to real property.

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Civil aircraft means any aircraft other than a public aircraft.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Space means the volume of gas which a user of a storage facility is entitled to use for the storage of gas;

  • Residential Rental Unit means an area legally licensed or permitted for use as a living space containing a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink, all of which are separate and distinct from other Residential Rental Units. Reg. §§ 1.103-8(a) 8(i).

  • Leash means attaches the bird to the perch or falconer's glove.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Office Premises means any building, facility, or portion thereof, or other premises, whether owned or controlled by CP, which is used solely for clerical or administrative purposes and which does not contain heavy equipment or machinery, as designated by CP from time to time;

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • State aircraft means an aircraft, other than a commercial aircraft, owned and operated by the government of any country or the government of a colony, dependency, province, state, territory or municipality of a country;