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0.9333333333333333 1 rg /GS0 gs 409.50 302.55 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 302.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 302.55 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 276.55 321.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 276.55 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 276.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 276.55 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 276.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 276.55 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 250.55 321.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 250.55 30.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 250.55 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 250.55 74.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 250.55 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 250.55 71.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 225.55 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 225.55 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 225.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 225.55 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 225.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 225.55 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 179.55 321.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 179.55 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 179.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 179.55 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 179.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 179.55 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 153.55 321.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 153.55 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 153.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 153.55 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 153.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 153.55 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 128.55 321.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 128.55 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 128.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 128.55 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 128.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 128.55 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 102.55 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 102.55 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 102.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 102.55 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 102.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 102.55 71.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 700.55 m 405.5 700.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 700.55 m 483.5 700.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 700.55 m 558.5 700.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 700.55 m 405.5 700.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 533.55 m 483.5 533.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 533.55 m 558.5 533.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 533.55 m 483.5 533.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 520.55 m 483.5 520.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 518.55 m 483.5 518.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 533.55 m 558.5 533.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 520.55 m 558.5 520.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 518.55 m 558.5 518.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 518.55 m 483.5 518.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 520.55 m 483.5 520.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 518.55 m 558.5 518.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 520.55 m 558.5 520.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 415.54999999999995 m 483.5 415.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 415.54999999999995 m 558.5 415.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 415.54999999999995 m 483.5 415.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 415.54999999999995 m 558.5 415.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 276.54999999999995 m 483.5 276.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 276.54999999999995 m 558.5 276.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 276.54999999999995 m 483.5 276.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 276.54999999999995 m 558.5 276.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 250.54999999999995 m 483.5 250.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 250.54999999999995 m 558.5 250.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 250.54999999999995 m 483.5 250.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 238.54999999999995 m 483.5 238.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 250.54999999999995 m 558.5 250.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 238.54999999999995 m 558.5 238.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 238.54999999999995 m 483.5 238.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 226.54999999999995 m 483.5 226.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 224.54999999999995 m 483.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 238.54999999999995 m 558.5 238.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 226.54999999999995 m 558.5 226.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 224.54999999999995 m 558.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 224.54999999999995 m 483.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 226.54999999999995 m 483.5 226.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 224.54999999999995 m 558.5 224.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 226.54999999999995 m 558.5 226.54999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 704.78 Td (Note) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 705.23 Td (Mar) Tj ET Q q 0 0 0 rg BT 434.53 705.23 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.25 705.23 Td (December) Tj ET Q q 0 0 0 rg BT 524.75 705.23 Td ( 31, 2019) Tj ET Q BT /F2 7.30 Tf ET q 0 0 0 rg BT 412.65 692.66 Td (\(U.S.Dollarsinthousands, except shar) Tj ET Q q 0 0 0 rg BT 532.98 692.66 Td (e data\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 57.00 679.62 Td (Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 666.46 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.60 666.46 Td (4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.00 666.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 666.46 Td (4,693,872) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 490.00 666.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 666.46 Td (1,121,396) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 653.46 Td (Restricted cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.60 653.46 Td (4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 653.46 Td (188,671) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 523.90 653.46 Td (178,951) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 640.46 Td (T) Tj ET Q q 0 0 0 rg BT 62.64 640.46 Td (rade receivables) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.65 640.46 Td (94,558) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.65 640.46 Td (47,935) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 627.46 Td (Flight equipment held for operating leases, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.60 627.46 Td (5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.00 627.46 Td (35,670,631) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 512.00 627.46 Td (35,870,781) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 614.46 Td (Maintenance rights and lease premium, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.60 614.46 Td (7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 614.46 Td (774,039) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 523.90 614.46 Td (809,615) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 601.46 Td (Flight equipment held for sale) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.60 601.46 Td (8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 601.46 Td (331,387) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 523.90 601.46 Td (336,592) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 588.46 Td (Net investment in finance and sales-type leases) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 380.50 588.46 Td (6, 19) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 588.46 Td (978,783) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 588.46 Td (1,01) Tj ET Q q 0 0 0 rg BT 533.38 588.46 Td (1,549) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 576.46 Td (Prepayments on flight equipment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 576.46 Td (23) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 576.46 Td (3,108,703) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 576.46 Td (2,954,478) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 563.46 Td (Other intangibles, net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.60 563.46 Td (7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 563.46 Td (302,100) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 523.90 563.46 Td (307,394) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 550.46 Td (Deferred income tax assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 550.46 Td (14) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 550.46 Td (106,267) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.65 550.46 Td (95,077) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 537.46 Td (Other assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.60 537.46 Td (9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 537.46 Td (895,817) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 537.46 Td (1,015,476) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 57.00 524.12 Td (T) Tj ET Q q 0 0 0 rg BT 62.46 524.12 Td (otal ) Tj ET Q q 0 0 0 rg BT 79.62 524.12 Td (Assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.00 524.12 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.00 524.12 Td (47,144,828) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 490.00 524.12 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.00 524.12 Td (43,749,244) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 57.00 498.12 Td (Liabilities and Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 484.46 Td (Accounts payable, accrued expenses and other liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 484.46 Td (1) Tj ET Q q 0 0 0 rg BT 390.00 484.46 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.00 484.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 484.46 Td (1,108,037) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 490.00 484.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 484.46 Td (1,032,623) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 471.46 Td (Accrued maintenance liability) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 471.46 Td (12) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 471.46 Td (2,149,884) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 471.46 Td (2,190,159) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 458.46 Td (Lessee deposit liability) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 458.46 Td (723,949) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 523.90 458.46 Td (747,790) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 445.46 Td (Debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 445.46 Td (13) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.00 445.46 Td (32,760,773) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 512.00 445.46 Td (29,486,131) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 432.46 Td (Deferred income tax liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 432.46 Td (14) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 432.46 Td (950,199) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 523.90 432.46 Td (910,336) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 419.46 Td (Commitments and contingencies) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 419.46 Td (23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 57.00 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 61.41 406.10 Td (otal Liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.00 406.11 Td (37,692,842) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 512.00 406.11 Td (34,367,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 380.01 Td (Ordinary ) Tj ET Q q 0 0 0 rg BT 92.48 380.01 Td (share ) Tj ET Q q 0 0 0 rg BT 114.45 380.01 Td (capital, ) Tj ET Q q 0 0 0 rg BT 143.67 380.01 Td (0.01 ) Tj ET Q q 0 0 0 rg BT 166.91 380.01 Td (par ) Tj ET Q q 0 0 0 rg BT 181.39 380.01 Td (value, ) Tj ET Q q 0 0 0 rg BT 206.11 380.01 Td (350,000,000 ) Tj ET Q q 0 0 0 rg BT 254.10 380.01 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 287.57 380.01 Td (shares ) Tj ET Q q 0 0 0 rg BT 313.05 380.01 Td (authorized ) Tj ET Q q 0 0 0 rg BT 354.02 380.01 Td (as ) Tj ET Q q 0 0 0 rg BT 364.50 380.01 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 371.01 Td (March ) Tj ET Q q 0 0 0 rg BT 90.90 371.01 Td (31, ) Tj ET Q q 0 0 0 rg BT 103.57 371.01 Td (2020 ) Tj ET Q q 0 0 0 rg BT 122.98 371.01 Td (and ) Tj ET Q q 0 0 0 rg BT 137.39 371.01 Td (December ) Tj ET Q q 0 0 0 rg BT 175.78 371.01 Td (31, ) Tj ET Q q 0 0 0 rg BT 188.45 371.01 Td (2019; ) Tj ET Q q 0 0 0 rg BT 210.36 371.01 Td (138,847,345 ) Tj ET Q q 0 0 0 rg BT 256.78 371.01 Td (and ) Tj ET Q q 0 0 0 rg BT 271.19 371.01 Td (141,847,345 ) Tj ET Q q 0 0 0 rg BT 317.60 371.01 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 349.51 371.01 Td (shares ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 362.01 Td (issued ) Tj ET Q q 0 0 0 rg BT 92.94 362.01 Td (and ) Tj ET Q q 0 0 0 rg BT 110.38 362.01 Td (129,637,008 ) Tj ET Q q 0 0 0 rg BT 159.82 362.01 Td (and ) Tj ET Q q 0 0 0 rg BT 177.26 362.01 Td (131,583,489 ) Tj ET Q q 0 0 0 rg BT 226.70 362.01 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 261.63 362.01 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.57 362.01 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 335.01 362.01 Td (\(including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 353.01 Td (2,300,595 ) Tj ET Q q 0 0 0 rg BT 103.76 353.01 Td (and ) Tj ET Q q 0 0 0 rg BT 118.51 353.01 Td (2,354,318 ) Tj ET Q q 0 0 0 rg BT 156.26 353.01 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.51 353.01 Td (of ) Tj ET Q q 0 0 0 rg BT 189.76 353.01 Td (unvested ) Tj ET Q q 0 0 0 rg BT 223.51 353.01 Td (restricted ) Tj ET Q q 0 0 0 rg BT 258.75 353.01 Td (stock\) ) Tj ET Q q 0 0 0 rg BT 282.50 353.01 Td (as ) Tj ET Q q 0 0 0 rg BT 291.75 353.01 Td (of ) Tj ET Q q 0 0 0 rg BT 301.00 353.01 Td (March ) Tj ET Q q 0 0 0 rg BT 326.25 353.01 Td (31, ) Tj ET Q q 0 0 0 rg BT 339.25 353.01 Td (2020 ) Tj ET Q q 0 0 0 rg BT 359.01 353.01 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 344.01 Td (December ) Tj ET Q q 0 0 0 rg BT 105.23 344.01 Td (31, ) Tj ET Q q 0 0 0 rg BT 118.73 344.01 Td (2019, ) Tj ET Q q 0 0 0 rg BT 141.23 344.01 Td (respectively) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 378.10 344.11 Td (15, 20) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.40 344.11 Td (1,721) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 533.40 344.11 Td (1,754) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 330.11 Td (Additional paid-in capital) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 330.11 Td (2,067,647) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 330.11 Td (2,209,462) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 316.01 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 316.01 Td (reasury ) Tj ET Q q 0 0 0 rg BT 90.54 316.01 Td (shares, ) Tj ET Q q 0 0 0 rg BT 117.16 316.01 Td (at ) Tj ET Q q 0 0 0 rg BT 125.53 316.01 Td (cost ) Tj ET Q q 0 0 0 rg BT 141.91 316.01 Td (\(9,210,337 ) Tj ET Q q 0 0 0 rg BT 182.78 316.01 Td (and ) Tj ET Q q 0 0 0 rg BT 197.65 316.01 Td (10,263,856 ) Tj ET Q q 0 0 0 rg BT 240.03 316.01 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 272.39 316.01 Td (shares ) Tj ET Q q 0 0 0 rg BT 296.76 316.01 Td (as ) Tj ET Q q 0 0 0 rg BT 306.13 316.01 Td (of ) Tj ET Q q 0 0 0 rg BT 315.51 316.01 Td (March ) Tj ET Q q 0 0 0 rg BT 340.87 316.01 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.00 316.01 Td (2020 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 307.01 Td (and ) Tj ET Q q 0 0 0 rg BT 81.24 307.01 Td (December ) Tj ET Q q 0 0 0 rg BT 120.47 307.01 Td (31, ) Tj ET Q q 0 0 0 rg BT 133.97 307.01 Td (2019, ) Tj ET Q q 0 0 0 rg BT 156.47 307.01 Td (respectively\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 385.25 307.11 Td (15) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 445.75 307.11 Td (\(498,003) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.80 307.11 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.75 307.11 Td (\(537,341) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 554.80 307.11 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 293.46 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 445.75 293.46 Td (\(174,581) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.80 293.46 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 525.50 293.46 Td (\(93,587) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 554.80 293.46 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 280.46 Td (Accumulated retained earnings) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 280.46 Td (7,986,142) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 280.46 Td (7,734,609) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 57.00 267.45 Td (T) Tj ET Q q 0 0 0 rg BT 61.85 267.45 Td (otal ) Tj ET Q q 0 0 0 rg BT 78.48 267.45 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 161.44 267.45 Td (. shar) Tj ET Q q 0 0 0 rg BT 182.29 267.45 Td (eholders) Tj ET Q q 0 0 0 rg BT 217.47 267.45 Td ( equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 267.46 Td (9,382,926) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 267.46 Td (9,314,897) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 254.46 Td (Non-controlling interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.65 254.46 Td (69,060) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.65 254.46 Td (67,308) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 57.00 241.45 Td (T) Tj ET Q q 0 0 0 rg BT 61.41 241.45 Td (otal Equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 241.46 Td (9,451,986) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 241.46 Td (9,382,205) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 57.00 229.62 Td (T) Tj ET Q q 0 0 0 rg BT 62.46 229.62 Td (otal Liabilities and Equity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.00 229.62 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.00 229.62 Td (47,144,828) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 490.00 229.62 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.00 229.62 Td (43,749,244) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 57.00 202.28 Td (Supplemental balance sheet information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.36 202.28 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 230.36 202.28 Td (amounts r) Tj ET Q q 0 0 0 rg BT 271.62 202.28 Td (elated to assets and liabilities of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 66.00 192.28 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 118.88 192.28 Td (V) Tj ET Q q 0 0 0 rg BT 124.87 192.28 Td (ariable Inter) Tj ET Q q 0 0 0 rg BT 176.15 192.28 Td (est Entities \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.28 192.28 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 231.28 192.28 Td (VIE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.17 192.28 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 253.17 192.28 Td (\) for) Tj ET Q q 0 0 0 rg BT 270.67 192.28 Td ( which cr) Tj ET Q q 0 0 0 rg BT 307.96 192.28 Td (editors do not have ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 66.00 182.62 Td (r) Tj ET Q q 0 0 0 rg BT 70.04 182.62 Td (ecourse to our) Tj ET Q q 0 0 0 rg BT 127.39 182.62 Td ( general cr) Tj ET Q q 0 0 0 rg BT 170.47 182.62 Td (edit:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 170.46 Td (Restricted cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.00 170.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.65 170.46 Td (74,928) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 490.00 170.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.65 170.46 Td (78,187) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 157.46 Td (Flight equipment held for operating leases and held for sale) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 157.46 Td (2,295,840) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 157.46 Td (2,091,022) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 144.46 Td (Other assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.65 144.46 Td (61,933) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.65 144.46 Td (64,908) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 119.46 Td (Accrued maintenance liability) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.00 119.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 453.65 119.46 Td (45,564) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 490.00 119.46 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.65 119.46 Td (42,603) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 106.46 Td (Debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.80 106.46 Td (1,365,894) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.75 106.46 Td (1,395,022) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 93.11 Td (Other liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 448.90 93.11 Td (307,559) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.65 93.11 Td (81,335) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.80 65.05 Td (The accompanying notes are an integral part of these Unaudited Financial Statements.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 42.60 Td (6) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 758.25 Td (AerCap HoldingsN.V) Tj ET Q q 0 0 0 rg BT 314.49 758.25 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.35 743.25 Td (Unaudited Condensed Consolidated Income Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.85 728.25 Td (For) Tj ET Q q 0 0 0 rg BT 204.22 728.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.37 728.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 238.85 728.25 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 334.50 728.25 Td (ch 31, 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.00 728.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.13 728.25 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.13 728.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 667.75 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 667.75 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 667.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 667.75 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 667.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 667.75 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 638.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 638.75 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 638.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 638.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 638.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 638.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 608.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 608.75 30.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 371.50 275.75 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 275.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 275.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 275.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 275.75 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 701.75 m 479.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 701.75 m 483.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 701.75 m 557.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 688.75 m 401.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 701.75 m 479.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 688.75 m 479.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 701.75 m 557.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 688.75 m 557.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 608.75 m 479.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 608.75 m 557.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 563.75 m 479.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 563.75 m 557.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 563.75 m 479.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 563.75 m 557.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 460.75 m 479.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 460.75 m 557.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 460.75 m 479.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 446.75 m 479.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 460.75 m 557.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 446.75 m 557.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 446.75 m 479.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 423.75 m 479.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 423.75 m 557.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 393.75 m 479.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 393.75 m 557.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 393.75 m 479.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 393.75 m 557.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 364.75 m 479.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 364.75 m 557.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 364.75 m 479.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 351.75 m 479.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 349.75 m 479.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 364.75 m 557.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 351.75 m 557.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 349.75 m 557.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 349.75 m 479.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 351.75 m 479.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 349.75 m 557.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 351.75 m 557.5 351.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.10 705.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 439.36 705.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 515.88 705.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.00 692.98 Td (Note) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 692.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.00 692.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.40 679.98 Td (\(U.S.Dollarsinthousands,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.55 671.98 Td ( except shar) Tj ET Q q 0 0 0 rg BT 465.28 671.98 Td (e and per) Tj ET Q q 0 0 0 rg BT 497.14 671.98 Td ( shar) Tj ET Q q 0 0 0 rg BT 514.11 671.98 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 665.20 117.31 -8.93 re f /GS0 gs q 0 0 0 rg BT 56.00 658.43 Td (Revenues and other) Tj ET Q q 0 0 0 rg BT 140.26 658.43 Td ( income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 643.42 Td (Lease revenue:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 62.00 635.35 66.64 -9.09 re f /GS0 gs q 0 0 0 rg BT 62.00 628.42 Td (Basic lease rents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 628.42 Td (1,030,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 628.42 Td (1,075,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 613.42 Td (Maintenance rents and other receipts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 613.42 Td (134,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 613.42 Td (86,81) Tj ET Q q 0 0 0 rg BT 548.65 613.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 598.42 Td (T) Tj ET Q q 0 0 0 rg BT 61.76 598.42 Td (otal lease revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 598.42 Td (1,165,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 598.42 Td (1,162,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 583.42 Td (Net gain on sale of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 583.42 Td (58,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 583.42 Td (21,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 568.42 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 568.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 568.42 Td (14,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 568.42 Td (21,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 554.43 Td (T) Tj ET Q q 0 0 0 rg BT 62.21 554.43 Td (otal Revenues and other) Tj ET Q q 0 0 0 rg BT 164.71 554.43 Td ( income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 554.43 Td (1,238,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.65 554.43 Td (1,205,027) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 540.43 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 525.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.50 525.42 Td (5, 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 525.42 Td (415,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 525.42 Td (425,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 510.42 Td (Asset impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 510.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 510.42 Td (13,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 510.42 Td (5,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 495.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 495.42 Td (318,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 495.42 Td (334,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 480.42 Td (Leasing expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 480.42 Td (103,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 480.42 Td (91,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 465.42 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 465.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 465.42 Td (64,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 465.42 Td (66,873) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 451.43 Td (T) Tj ET Q q 0 0 0 rg BT 62.21 451.43 Td (otal Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 451.43 Td (916,243) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 451.43 Td (923,653) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 56.00 437.82 Td (Income befor) Tj ET Q q 0 0 0 rg BT 109.91 437.82 Td (e income taxes and income of investments accounted for) Tj ET Q q 0 0 0 rg BT 336.13 437.82 Td ( under) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 65.00 428.32 Td (the equity method) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 428.43 Td (321,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 428.43 Td (281,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 413.42 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 413.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 413.47 Td (\(43,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 413.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 413.47 Td (\(36,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 413.42 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 56.00 398.31 Td (Equity ) Tj ET Q q 0 0 0 rg BT 83.71 398.31 Td (in ) Tj ET Q q 0 0 0 rg BT 93.47 398.31 Td (net ) Tj ET Q q 0 0 0 rg BT 107.45 398.31 Td (earnings ) Tj ET Q q 0 0 0 rg BT 142.01 398.31 Td (of ) Tj ET Q q 0 0 0 rg BT 152.30 398.31 Td (investments ) Tj ET Q q 0 0 0 rg BT 200.06 398.31 Td (accounted ) Tj ET Q q 0 0 0 rg BT 240.94 398.31 Td (for ) Tj ET Q q 0 0 0 rg BT 254.40 398.31 Td (under ) Tj ET Q q 0 0 0 rg BT 278.40 398.31 Td (the ) Tj ET Q q 0 0 0 rg BT 292.38 398.31 Td (equity ) Tj ET Q q 0 0 0 rg BT 318.50 398.31 Td (method) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 398.42 Td (1,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 398.42 Td (2,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 384.43 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 384.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 384.43 Td (279,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 384.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 384.43 Td (246,897) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 56.00 369.31 Td (Net income attributable to non-controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 369.47 Td (\(2,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 369.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 369.47 Td (\(12,71) Tj ET Q q 0 0 0 rg BT 548.63 369.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 369.42 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 56.00 355.32 Td (Net ) Tj ET Q q 0 0 0 rg BT 72.62 355.32 Td (income ) Tj ET Q q 0 0 0 rg BT 104.01 355.32 Td (attributable ) Tj ET Q q 0 0 0 rg BT 154.94 355.32 Td (to ) Tj ET Q q 0 0 0 rg BT 164.71 355.32 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 199.27 355.32 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 238.08 355.32 Td (N.V) Tj ET Q q 0 0 0 rg BT 252.95 355.32 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 355.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 355.43 Td (276,824) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 355.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 355.43 Td (234,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 325.42 Td (Basic earnings per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 325.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 325.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 325.42 Td (2.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 325.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 325.42 Td (1.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 310.42 Td (Diluted earnings per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 310.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 310.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 310.42 Td (2.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 310.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 310.42 Td (1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 280.42 Td (W) Tj ET Q q 0 0 0 rg BT 65.04 280.42 Td (eighted average shares outstanding - basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 280.42 Td (128,299,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 280.42 Td (138,153,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 265.42 Td (W) Tj ET Q q 0 0 0 rg BT 64.64 265.42 Td (eighted average shares outstanding - diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 265.42 Td (129,340,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 265.42 Td (139,618,644) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.80 69.25 Td (The accompanying notes are an integral part of these Unaudited Financial Statements.) 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493.5 228.75 m 558.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 186.75 m 489.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 186.75 m 558.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 186.75 m 489.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 173.75 m 489.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 171.75 m 489.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 186.75 m 558.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 173.75 m 558.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 171.75 m 558.5 171.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.10 705.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 449.36 705.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 525.88 705.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.50 692.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.50 692.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.05 680.83 Td (\(U.S. Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 667.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 667.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 667.32 Td (279,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 667.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 667.32 Td (246,897) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 653.43 Td (Adjustments to r) Tj ET Q q 0 0 0 rg BT 129.13 653.43 Td (econcile net income to net cash pr) Tj ET Q q 0 0 0 rg BT 272.25 653.43 Td (ovided by operatingactivities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 639.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 639.32 Td (415,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 639.32 Td (425,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 625.32 Td (Asset impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 625.32 Td (13,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 625.32 Td (5,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 611.32 Td (Amortization of debt issuance costs, debt discount, debt premium and lease premium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 611.32 Td (16,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 611.32 Td (19,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 597.32 Td (Amortization of fair value adjustments on debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 597.37 Td (\(16,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 597.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 597.37 Td (\(27,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 597.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 583.32 Td (Maintenance rights write-of) Tj ET Q q 0 0 0 rg BT 168.54 583.32 Td (f \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 583.32 Td (33,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 583.32 Td (52,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 569.32 Td (Maintenance liability release to income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 569.37 Td (\(63,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 569.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 569.37 Td (\(46,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 569.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 555.32 Td (Net gain on sale of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 555.37 Td (\(58,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 555.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 555.37 Td (\(21,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 555.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 541.32 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 541.32 Td (44,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 541.32 Td (37,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 527.32 Td (Collections of finance and sales-type leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 527.32 Td (19,1) Tj ET Q q 0 0 0 rg BT 475.65 527.32 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 527.32 Td (19,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 513.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 513.32 Td (75,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 513.32 Td (56,079) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 499.43 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 485.32 Td (T) Tj ET Q q 0 0 0 rg BT 68.93 485.32 Td (rade receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 485.37 Td (\(49,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 485.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 485.37 Td (\(55,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 485.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 471.32 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 471.37 Td (\(96,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 471.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 471.37 Td (\(10,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 471.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 457.32 Td (Accounts payable, accrued expenses and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 457.32 Td (13,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 457.32 Td (42,892) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 443.43 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 105.79 443.43 Td (ovided by operating activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 443.43 Td (628,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 443.43 Td (745,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 429.32 Td (Purchase of flight equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 429.37 Td (\(61,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 429.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 429.37 Td (\(815,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 429.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 415.32 Td (Proceeds from sale or disposal of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 415.32 Td (176,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 415.32 Td (312,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 401.32 Td (Prepayments on flight equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 401.37 Td (\(350,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 401.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 401.37 Td (\(280,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 401.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 387.32 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.65 387.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.30 387.37 Td (\(1) Tj ET Q q 0 0 0 rg BT 549.63 387.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 387.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 373.43 Td (Net cash used in investing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.80 373.48 Td (\(235,201) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 373.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.80 373.48 Td (\(783,189) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.65 373.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 359.32 Td (Issuance of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 359.32 Td (4,200,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 359.32 Td (1,816,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 345.32 Td (Repayment of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 345.37 Td (\(918,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 345.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 345.37 Td (\(537,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 345.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 331.32 Td (Debt issuance costs paid, net of debt premium received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.80 331.37 Td (\(1,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 331.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 331.37 Td (\(13,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 331.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 317.32 Td (Maintenance payments received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 317.32 Td (144,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 317.32 Td (174,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 303.32 Td (Maintenance payments returned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 303.37 Td (\(95,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 303.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 303.37 Td (\(108,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 303.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 289.32 Td (Security deposits received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 289.32 Td (28,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 289.32 Td (86,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 275.32 Td (Security deposits returned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 275.37 Td (\(48,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 275.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 275.37 Td (\(78,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 275.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 261.32 Td (Dividend paid to non-controlling interest holders and others) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.80 261.37 Td (\(1,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 261.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 261.37 Td (\(1,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 261.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 247.32 Td (Repurchase of shares and tax withholdings on share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 247.37 Td (\(1) Tj ET Q q 0 0 0 rg BT 458.13 247.37 Td (18,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 247.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 247.37 Td (\(140,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 247.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 233.43 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 105.79 233.43 Td (ovided by financing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 233.43 Td (3,189,51) Tj ET Q q 0 0 0 rg BT 480.65 233.43 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.65 233.43 Td (1,197,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 219.32 Td (Net increase in cash, cash equivalents and restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 219.32 Td (3,583,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 219.32 Td (1,159,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 205.32 Td (Ef) Tj ET Q q 0 0 0 rg BT 66.35 205.32 Td (fect of exchange rate changes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.80 205.37 Td (\(1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 205.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 205.37 Td (\(403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 205.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 191.32 Td (Cash, cash equivalents and restricted cash at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 191.32 Td (1,300,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 191.32 Td (1,415,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 177.43 Td (Cash, cash equivalents and r) Tj ET Q q 0 0 0 rg BT 178.79 177.43 Td (estricted cash at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 177.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 177.43 Td (4,882,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 177.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.65 177.43 Td (2,574,231) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.80 65.25 Td (The accompanying notes are an integral part of these Unaudited Financial Statements.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 42.60 Td (9) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 758.25 Td (AerCap HoldingsN.V) Tj ET Q q 0 0 0 rg BT 314.49 758.25 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.10 743.25 Td (Unaudited Condensed Consolidated Statements of Cash Flows \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.85 728.25 Td (For) Tj ET Q q 0 0 0 rg BT 204.22 728.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.37 728.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 238.85 728.25 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 334.50 728.25 Td (ch 31, 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.00 728.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.13 728.25 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.13 728.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 675.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 675.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 675.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 675.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 646.75 370.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 646.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 646.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 646.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 701.75 m 488.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 701.75 m 492.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.75 m 557.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 701.75 m 488.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 688.75 m 488.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.75 m 557.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 688.75 m 557.5 688.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.10 705.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 448.36 705.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 524.88 705.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.50 692.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 692.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.05 679.98 Td (\(U.S. Dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 673.20 158.06 -8.93 re f /GS0 gs q 0 0 0 rg BT 56.00 666.43 Td (Supplemental cash flow information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 651.42 Td (Interest paid, net of amounts capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 651.42 Td (298,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 651.42 Td (273,591) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 643.35 134.66 -9.09 re f /GS0 gs q 0 0 0 rg BT 56.00 636.42 Td (Income taxes paid \(refunded\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 636.42 Td (1,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 636.47 Td (\(877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 636.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 609.75 m 172.5 609.75 l s 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 577.75 370.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 548.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 548.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 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0 0 rg BT 123.23 567.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.66 567.42 Td (EOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.16 567.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.60 567.42 Td (\) and Maintenance Reserved \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.55 567.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.99 567.42 Td (MR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.99 567.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.43 567.42 Td (\) contract maintenance rights expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 567.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.25 567.21 Td (16,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 567.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 567.21 Td (21,409) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 553.21 Td ( MR contract maintenance rights write-of) Tj ET Q q 0 0 0 rg BT 217.37 553.21 Td (f due to maintenance liability release) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.50 553.21 Td (467) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 553.21 Td (3,956) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 539.21 Td ( EOL) Tj ET Q q 0 0 0 rg BT 87.66 539.21 Td ( contract maintenance rights write-of) Tj ET Q q 0 0 0 rg BT 220.44 539.21 Td (f due to cash receipt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.25 539.21 Td (16,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 539.21 Td (26,992) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 525.20 Td ( Maintenance rights write-off) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.00 525.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.25 525.20 Td (33,393) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 525.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.25 525.20 Td (52,357) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.80 66.45 Td (The accompanying notes are an integral part of these Unaudited Financial Statements.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (10) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 758.25 Td (AerCap HoldingsN.V) Tj ET Q q 0 0 0 rg BT 314.49 758.25 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.10 743.25 Td (Unaudited Condensed Consolidated Statements of Cash Flows \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.85 728.25 Td (For) Tj ET Q q 0 0 0 rg BT 204.22 728.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.37 728.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 238.85 728.25 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 334.50 728.25 Td (ch 31, 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.00 728.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.13 728.25 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.13 728.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 701.25 Td (Non-Cash Investing and Financing ) Tj ET Q q 0 0 0 rg BT 197.14 701.25 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 674.85 Td (Thr) Tj ET Q q 0 0 0 rg BT 70.49 674.85 Td (ee ) Tj ET Q q 0 0 0 rg BT 81.87 674.85 Td (Months ) Tj ET Q q 0 0 0 rg BT 117.15 674.85 Td (Ended ) Tj ET Q q 0 0 0 rg BT 147.44 674.85 Td (Mar) Tj ET Q q 0 0 0 rg BT 166.14 674.85 Td (ch ) Tj ET Q q 0 0 0 rg BT 178.64 674.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 193.64 674.85 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.64 674.85 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 654.45 Td (Flight ) Tj ET Q q 0 0 0 rg BT 98.16 654.45 Td (equipment ) Tj ET Q q 0 0 0 rg BT 142.64 654.45 Td (held ) Tj ET Q q 0 0 0 rg BT 162.13 654.45 Td (for ) Tj ET Q q 0 0 0 rg BT 176.05 654.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.08 654.45 Td (leases ) Tj ET Q q 0 0 0 rg BT 242.23 654.45 Td (in ) Tj ET Q q 0 0 0 rg BT 252.27 654.45 Td (the ) Tj ET Q q 0 0 0 rg BT 266.76 654.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 299.02 654.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.62 654.45 Td ($21.8 ) Tj ET Q q 0 0 0 rg BT 334.38 654.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.28 654.45 Td ( ) Tj ET Q q 0 0 0 rg BT 365.54 654.45 Td (was ) Tj ET Q q 0 0 0 rg BT 383.36 654.45 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 431.16 654.45 Td (to ) Tj ET Q q 0 0 0 rg BT 441.21 654.45 Td (net ) Tj ET Q q 0 0 0 rg BT 455.69 654.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 501.84 654.45 Td (in ) Tj ET Q q 0 0 0 rg BT 511.88 654.45 Td (finance ) Tj ET Q q 0 0 0 rg BT 543.58 654.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 640.05 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 114.49 640.05 Td (leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 619.65 Td (Flight ) Tj ET Q q 0 0 0 rg BT 98.84 619.65 Td (equipment ) Tj ET Q q 0 0 0 rg BT 144.00 619.65 Td (held ) Tj ET Q q 0 0 0 rg BT 164.17 619.65 Td (for ) Tj ET Q q 0 0 0 rg BT 178.77 619.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 219.48 619.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 246.31 619.65 Td (in ) Tj ET Q q 0 0 0 rg BT 257.03 619.65 Td (the ) Tj ET Q q 0 0 0 rg BT 272.20 619.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 305.14 619.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.41 619.65 Td ($145.5 ) Tj ET Q q 0 0 0 rg BT 346.86 619.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.75 619.65 Td ( ) Tj ET Q q 0 0 0 rg BT 378.70 619.65 Td (was ) Tj ET Q q 0 0 0 rg BT 397.20 619.65 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 445.68 619.65 Td (to ) Tj ET Q q 0 0 0 rg BT 456.40 619.65 Td (flight ) Tj ET Q q 0 0 0 rg BT 481.01 619.65 Td (equipment ) Tj ET Q q 0 0 0 rg BT 526.17 619.65 Td (held ) Tj ET Q q 0 0 0 rg BT 546.34 619.65 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.25 Td (sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 584.85 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 106.37 584.85 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 159.39 584.85 Td (liability ) Tj ET Q q 0 0 0 rg BT 193.00 584.85 Td (in ) Tj ET Q q 0 0 0 rg BT 203.28 584.85 Td (the ) Tj ET Q q 0 0 0 rg BT 218.00 584.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 250.49 584.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.32 584.85 Td ($61.3 ) Tj ET Q q 0 0 0 rg BT 286.32 584.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.21 584.85 Td ( ) Tj ET Q q 0 0 0 rg BT 317.71 584.85 Td (was ) Tj ET Q q 0 0 0 rg BT 335.77 584.85 Td (settled ) Tj ET Q q 0 0 0 rg BT 364.37 584.85 Td (with ) Tj ET Q q 0 0 0 rg BT 384.65 584.85 Td (buyers ) Tj ET Q q 0 0 0 rg BT 413.81 584.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 436.31 584.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 454.36 584.85 Td (or ) Tj ET Q q 0 0 0 rg BT 465.19 584.85 Td (disposal ) Tj ET Q q 0 0 0 rg BT 500.46 584.85 Td (of ) Tj ET Q q 0 0 0 rg BT 511.29 584.85 Td (assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 564.45 Td (Thr) Tj ET Q q 0 0 0 rg BT 70.49 564.45 Td (ee ) Tj ET Q q 0 0 0 rg BT 81.87 564.45 Td (Months ) Tj ET Q q 0 0 0 rg BT 117.15 564.45 Td (Ended ) Tj ET Q q 0 0 0 rg BT 147.44 564.45 Td (Mar) Tj ET Q q 0 0 0 rg BT 166.14 564.45 Td (ch ) Tj ET Q q 0 0 0 rg BT 178.64 564.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 193.64 564.45 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.64 564.45 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 544.05 Td (Flight ) Tj ET Q q 0 0 0 rg BT 98.16 544.05 Td (equipment ) Tj ET Q q 0 0 0 rg BT 142.64 544.05 Td (held ) Tj ET Q q 0 0 0 rg BT 162.13 544.05 Td (for ) Tj ET Q q 0 0 0 rg BT 176.05 544.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.08 544.05 Td (leases ) Tj ET Q q 0 0 0 rg BT 242.23 544.05 Td (in ) Tj ET Q q 0 0 0 rg BT 252.27 544.05 Td (the ) Tj ET Q q 0 0 0 rg BT 266.76 544.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 299.02 544.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.62 544.05 Td ($12.3 ) Tj ET Q q 0 0 0 rg BT 334.38 544.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.28 544.05 Td ( ) Tj ET Q q 0 0 0 rg BT 365.54 544.05 Td (was ) Tj ET Q q 0 0 0 rg BT 383.36 544.05 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 431.16 544.05 Td (to ) Tj ET Q q 0 0 0 rg BT 441.21 544.05 Td (net ) Tj ET Q q 0 0 0 rg BT 455.69 544.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 501.84 544.05 Td (in ) Tj ET Q q 0 0 0 rg BT 511.88 544.05 Td (finance ) Tj ET Q q 0 0 0 rg BT 543.58 544.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 529.65 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 114.49 529.65 Td (leases.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 476.85 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 108.37 476.85 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 161.39 476.85 Td (liability ) Tj ET Q q 0 0 0 rg BT 195.00 476.85 Td (in ) Tj ET Q q 0 0 0 rg BT 205.28 476.85 Td (the ) Tj ET Q q 0 0 0 rg BT 220.00 476.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 252.49 476.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.32 476.85 Td ($19.1 ) Tj ET Q q 0 0 0 rg BT 288.32 476.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.21 476.85 Td ( ) Tj ET Q q 0 0 0 rg BT 319.71 476.85 Td (was ) Tj ET Q q 0 0 0 rg BT 337.77 476.85 Td (settled ) Tj ET Q q 0 0 0 rg BT 366.37 476.85 Td (with ) Tj ET Q q 0 0 0 rg BT 386.65 476.85 Td (buyers ) Tj ET Q q 0 0 0 rg BT 415.81 476.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 438.31 476.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 456.36 476.85 Td (or ) Tj ET Q q 0 0 0 rg BT 467.19 476.85 Td (disposal ) Tj ET Q q 0 0 0 rg BT 502.46 476.85 Td (of ) Tj ET Q q 0 0 0 rg BT 513.29 476.85 Td (assets.) 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q 0 0 0 rg BT 373.25 636.98 Td (7,734,609) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 636.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.25 636.98 Td (9,314,897) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 636.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.25 636.98 Td (67,308) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.00 636.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 636.98 Td (9,382,205) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 624.11 Td (Dividends paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 624.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 624.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 624.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 624.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 624.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 624.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 624.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.60 624.00 Td (\(1,228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 624.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 624.00 Td (\(1,228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 624.00 Td (\)) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 616.50 48.86 -7.73 re f /GS0 gs q 0 0 0 rg BT 56.00 610.61 Td (Repurchase of) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 608.00 21.24 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 602.11 Td (shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 602.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 602.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 602.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.60 602.00 Td (\(1) Tj ET Q q 0 0 0 rg BT 281.26 602.00 Td (17,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.30 602.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 602.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 602.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.60 602.00 Td (\(1) Tj ET Q q 0 0 0 rg BT 433.26 602.00 Td (17,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 602.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 602.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.60 602.00 Td (\(1) Tj ET Q q 0 0 0 rg BT 532.26 602.00 Td (17,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 602.00 Td (\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 589.11 Td (Share cancellation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.60 589.00 Td (\(3,000,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.30 589.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 589.00 Td (\(33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.30 589.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.60 589.00 Td (\(149,203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 589.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.25 589.00 Td (149,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 589.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 589.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 589.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 589.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 589.00 Td () Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 582.00 54.05 -7.73 re f /GS0 gs q 0 0 0 rg BT 56.00 576.11 Td (Ordinary shares) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 573.50 45.09 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 567.61 Td (issued, net of) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 565.00 56.90 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 559.11 Td (tax withholdings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 559.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 559.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.60 559.00 Td (\(10,369) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 559.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 559.00 Td (7,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 559.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 559.00 Td (487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.60 559.00 Td (\(2,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 559.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 559.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 559.00 Td (\(2,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 559.00 Td (\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 545.61 Td (Share-based) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 537.11 Td (compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 537.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 537.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.25 537.00 Td (17,757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 537.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 537.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 537.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 537.00 Td (17,757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 537.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.25 537.00 Td (17,757) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 530.00 60.98 -7.73 re f /GS0 gs q 0 0 0 rg BT 56.00 524.11 Td (Cumulative ef) Tj ET Q q 0 0 0 rg BT 104.24 524.11 Td (fect) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 521.50 52.88 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 515.61 Td (due to adoption) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 513.00 23.37 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 507.11 Td (of new) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 504.50 37.29 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 498.61 Td (accounting) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 496.00 28.80 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 490.11 Td (standard) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 490.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 490.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 490.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 490.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 490.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.60 490.00 Td (\(25,778) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.30 490.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.60 490.00 Td (\(25,778) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 490.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 490.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 490.00 Td (\(25,778) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 490.00 Td (\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 477.11 Td (T) Tj ET Q q 0 0 0 rg BT 60.60 477.11 Td (otal) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 468.61 Td (comprehensive) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 460.11 Td (income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 460.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 460.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 460.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 460.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.60 460.00 Td (\(80,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 460.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 460.00 Td (276,824) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.25 460.00 Td (195,830) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.25 460.00 Td (2,980) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.25 460.00 Td (198,810) Tj ET Q BT /F2 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 452.35 47.69 -7.59 re f /GS0 gs q 0 0 0 rg BT 56.00 446.59 Td (Balance as of) Tj ET Q BT /F2 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 443.85 56.27 -7.59 re f /GS0 gs q 0 0 0 rg BT 65.00 438.09 Td (Mar) Tj ET Q q 0 0 0 rg BT 80.89 438.09 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.25 437.98 Td (138,847,345) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.30 437.98 Td (1,721) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 437.98 Td (2,067,647) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.60 437.98 Td (\(498,003) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.30 437.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.60 437.98 Td (\(174,581) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.30 437.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.25 437.98 Td (7,986,142) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.25 437.98 Td (9,382,926) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.25 437.98 Td (69,060) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.00 437.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 437.98 Td (9,451,986) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 353.75 72.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 353.75 50.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 353.75 35.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 353.75 44.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 353.75 40.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 353.75 48.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 353.75 46.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 353.75 46.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 353.75 41.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 353.75 4.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 353.75 50.00 -30.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 310.75 72.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 310.75 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 310.75 35.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 310.75 44.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 310.75 40.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 310.75 48.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 310.75 46.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 310.75 46.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 310.75 41.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 310.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 310.75 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 258.75 72.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 258.75 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 258.75 35.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 258.75 44.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 258.75 40.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 258.75 48.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 258.75 46.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 258.75 46.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 258.75 41.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 258.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 258.75 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 206.75 72.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 206.75 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 206.75 35.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 206.75 44.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 206.75 40.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 206.75 48.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 206.75 46.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 206.75 46.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 206.75 41.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 206.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 206.75 50.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 125.5 366.75 m 175.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 366.75 m 214.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 366.75 m 262.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 366.75 m 306.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 366.75 m 358.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 366.75 m 408.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 366.75 m 458.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 366.75 m 503.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 366.75 m 557.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 125.5 206.75 m 175.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 125.5 185.75 m 175.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 125.5 183.75 m 175.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 206.75 m 214.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 185.75 m 214.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 183.75 m 214.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 206.75 m 262.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 185.75 m 262.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 183.75 m 262.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 206.75 m 306.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 185.75 m 306.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 183.75 m 306.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 206.75 m 358.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 185.75 m 358.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 183.75 m 358.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 206.75 m 408.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 185.75 m 408.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 183.75 m 408.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 206.75 m 458.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 185.75 m 458.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 183.75 m 458.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 206.75 m 503.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 185.75 m 503.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 183.75 m 503.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 206.75 m 557.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 185.75 m 557.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 183.75 m 557.5 183.75 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 133.80 384.81 Td (Number) Tj ET Q q 0 0 0 rg BT 158.62 384.81 Td ( of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 136.75 377.81 Td (ordinary) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 130.50 370.81 Td (shar) Tj ET Q q 0 0 0 rg BT 143.66 370.81 Td (es issued) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 182.30 384.81 Td (Ordinary) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 188.35 377.81 Td (shar) Tj ET Q q 0 0 0 rg BT 201.51 377.81 Td (e) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 186.35 370.81 Td (capital) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 224.05 384.81 Td (Additional) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 229.30 377.81 Td (paid-in) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 229.85 370.81 Td (capital) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 272.50 377.81 Td (T) Tj ET Q q 0 0 0 rg BT 276.91 377.81 Td (r) Tj ET Q q 0 0 0 rg BT 279.69 377.81 Td (easury) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 276.50 370.81 Td (shar) Tj ET Q q 0 0 0 rg BT 289.66 370.81 Td (es) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 315.55 390.20 Td (Accumulated) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 326.65 383.70 Td (other) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 313.25 377.20 Td (compr) Tj ET Q q 0 0 0 rg BT 331.18 377.20 Td (ehensive) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 328.90 370.70 Td (loss) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 384.81 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 372.60 377.81 Td (r) Tj ET Q q 0 0 0 rg BT 375.64 377.81 Td (etained) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 372.15 370.81 Td (earnings) Tj ET Q BT /F2 6.80 Tf ET q 0 0 0 rg BT 423.45 397.95 Td (AerCap) Tj ET Q BT /F2 6.80 Tf ET q 0 0 0 rg BT 421.95 391.15 Td (Holdings) Tj ET Q BT /F2 6.80 Tf ET q 0 0 0 rg BT 428.80 384.35 Td (N.V) Tj ET Q q 0 0 0 rg BT 439.45 384.35 Td (.) Tj ET Q BT /F2 6.80 Tf ET q 0 0 0 rg BT 415.45 377.55 Td (shar) Tj ET Q q 0 0 0 rg BT 428.17 377.55 Td (eholders) Tj ET Q BT /F2 6.80 Tf ET q 0 0 0 rg BT 425.90 370.75 Td (equity) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 475.10 384.81 Td (Non-) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.20 377.81 Td (contr) Tj ET Q q 0 0 0 rg BT 482.07 377.81 Td (olling) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 471.25 370.81 Td (inter) Tj ET Q q 0 0 0 rg BT 485.57 370.81 Td (est) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 514.10 370.81 Td (T) Tj ET Q q 0 0 0 rg BT 518.13 370.81 Td (otal equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.40 357.98 Td (\(U.S. Dollars in thousands, except shar) Tj ET Q q 0 0 0 rg BT 395.27 357.98 Td (e data\)) Tj ET Q BT /F2 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 350.85 47.69 -7.59 re f /GS0 gs q 0 0 0 rg BT 56.00 345.09 Td (Balance as of) Tj ET Q BT /F2 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 342.35 49.41 -7.59 re f /GS0 gs q 0 0 0 rg BT 65.00 336.59 Td (December) Tj ET Q q 0 0 0 rg BT 101.66 336.59 Td ( 31,) Tj ET Q BT /F2 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 333.85 17.00 -7.59 re f /GS0 gs q 0 0 0 rg BT 65.00 328.09 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.25 327.98 Td (151,847,345) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.30 327.98 Td (1,866) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 327.98 Td (2,712,417) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.60 327.98 Td (\(476,085) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.30 327.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.60 327.98 Td (\(1,824) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.30 327.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.25 327.98 Td (6,591,674) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.25 327.98 Td (8,828,048) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.25 327.98 Td (52,566) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.00 327.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 327.98 Td (8,880,614) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 315.11 Td (Dividends paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.60 315.00 Td (\(1,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 315.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 315.00 Td (\(1,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 315.00 Td (\)) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 307.50 48.86 -7.73 re f /GS0 gs q 0 0 0 rg BT 56.00 301.61 Td (Repurchase of) Tj ET Q BT /F1 8.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 65.00 299.00 21.24 -7.73 re f /GS0 gs q 0 0 0 rg BT 65.00 293.11 Td (shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 293.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 293.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 293.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.60 293.00 Td (\(137,155) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.30 293.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 293.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 293.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.60 293.00 Td (\(137,155) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 293.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 293.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.60 293.00 Td (\(137,155) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 293.00 Td (\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 280.11 Td (Ordinary shares) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 271.61 Td (issued, net of) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 263.11 Td (tax withholdings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 263.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 263.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.60 263.00 Td (\(1,759) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 263.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 263.00 Td (1,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 263.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.60 263.00 Td (\(548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.30 263.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 263.00 Td (\(668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.30 263.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 263.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.60 263.00 Td (\(668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 263.00 Td (\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 249.61 Td (Share-based) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 241.11 Td (compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 241.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 241.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.25 241.00 Td (17,413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 241.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 241.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 241.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 241.00 Td (17,413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 241.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.25 241.00 Td (17,413) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 56.00 228.11 Td (T) Tj ET Q q 0 0 0 rg BT 60.60 228.11 Td (otal) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 219.61 Td (comprehensive) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 65.00 211.11 Td (income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.30 211.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.30 211.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 211.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 211.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.60 211.00 Td (\(35,646) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 211.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 211.00 Td (234,186) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.25 211.00 Td (198,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.25 211.00 Td (12,71) Tj ET Q q 0 0 0 rg BT 496.25 211.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.25 211.00 Td (21) Tj ET Q q 0 0 0 rg BT 536.25 211.00 Td (1,251) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 56.00 197.59 Td (Balance as of) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 65.00 189.09 Td (Mar) Tj ET Q q 0 0 0 rg BT 80.89 189.09 Td (ch 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.25 188.98 Td (151,847,345) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.30 188.98 Td (1,866) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 188.98 Td (2,728,071) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.60 188.98 Td (\(61) Tj ET Q q 0 0 0 rg BT 285.26 188.98 Td (1,601) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.30 188.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.60 188.98 Td (\(37,470) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.30 188.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.25 188.98 Td (6,825,312) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.25 188.98 Td (8,906,178) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.25 188.98 Td (63,603) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.00 188.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 188.98 Td (8,969,781) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.80 71.25 Td (The accompanying notes are an integral part of these Unaudited Financial Statements. ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.65 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (12) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 64.00 704.25 Td (General) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (The ) Tj ET Q q 0 0 0 rg BT 73.17 686.25 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 665.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 109.55 665.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 148.18 665.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 163.83 665.25 Td (. ) Tj ET Q q 0 0 0 rg BT 168.29 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.68 665.25 Td (its ) Tj ET Q q 0 0 0 rg BT 196.09 665.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 245.26 665.25 Td (\(AerCap, ) Tj ET Q q 0 0 0 rg BT 293.02 665.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 318.01 665.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 340.24 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.41 665.25 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 407.46 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 421.62 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.79 665.25 Td (global ) Tj ET Q q 0 0 0 rg BT 462.75 665.25 Td (leader ) Tj ET Q q 0 0 0 rg BT 489.12 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.86 665.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 529.68 665.25 Td (leasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.10 653.25 Td (1,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.60 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 98.92 653.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 130.10 653.25 Td (owned, ) Tj ET Q q 0 0 0 rg BT 161.58 653.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 199.99 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 210.64 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 222.96 653.25 Td (order) Tj ET Q q 0 0 0 rg BT 243.66 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 248.48 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.24 653.25 Td (total ) Tj ET Q q 0 0 0 rg BT 285.33 653.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 310.98 653.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.63 653.25 Td ($47.1 ) Tj ET Q q 0 0 0 rg BT 346.45 653.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.56 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.88 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 385.53 653.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.18 653.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 439.60 653.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.60 653.25 Td (. ) Tj ET Q q 0 0 0 rg BT 464.42 653.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 482.29 653.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 518.48 653.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 545.79 653.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 77.49 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 89.31 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.34 641.25 Td (New ) Tj ET Q q 0 0 0 rg BT 123.77 641.25 Td (Y) Tj ET Q q 0 0 0 rg BT 130.00 641.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 145.15 641.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 169.74 641.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 210.99 641.25 Td (under ) Tj ET Q q 0 0 0 rg BT 235.58 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.61 641.25 Td (ticker ) Tj ET Q q 0 0 0 rg BT 274.20 641.25 Td (symbol ) Tj ET Q q 0 0 0 rg BT 305.06 641.25 Td (AER. ) Tj ET Q q 0 0 0 rg BT 329.39 641.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 346.76 641.25 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 399.66 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 408.15 641.25 Td (located ) Tj ET Q q 0 0 0 rg BT 438.84 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 448.44 641.25 Td (Dublin, ) Tj ET Q q 0 0 0 rg BT 480.54 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 496.80 641.25 Td (we ) Tj ET Q q 0 0 0 rg BT 510.28 641.25 Td (have ) Tj ET Q q 0 0 0 rg BT 530.98 641.25 Td (of) Tj ET Q q 0 0 0 rg BT 539.13 641.25 Td (fices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.23 629.25 Td (Shannon, ) Tj ET Q q 0 0 0 rg BT 104.18 629.25 Td (Los ) Tj ET Q q 0 0 0 rg BT 121.08 629.25 Td (Angeles, ) Tj ET Q q 0 0 0 rg BT 158.80 629.25 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 203.76 629.25 Td (Amsterdam, ) Tj ET Q q 0 0 0 rg BT 255.36 629.25 Td (Shanghai ) Tj ET Q q 0 0 0 rg BT 295.03 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.37 629.25 Td (Abu ) Tj ET Q q 0 0 0 rg BT 331.04 629.25 Td (Dhabi. ) Tj ET Q q 0 0 0 rg BT 360.25 629.25 Td (W) Tj ET Q q 0 0 0 rg BT 368.89 629.25 Td (e ) Tj ET Q q 0 0 0 rg BT 375.78 629.25 Td (also ) Tj ET Q q 0 0 0 rg BT 394.34 629.25 Td (have ) Tj ET Q q 0 0 0 rg BT 415.66 629.25 Td (representative ) Tj ET Q q 0 0 0 rg BT 474.19 629.25 Td (of) Tj ET Q q 0 0 0 rg BT 482.34 629.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 503.66 629.25 Td (at ) Tj ET Q q 0 0 0 rg BT 513.33 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.00 629.25 Td (world) Tj ET Q q 0 0 0 rg BT 554.10 629.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (lar) Tj ET Q q 0 0 0 rg BT 64.37 617.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 82.97 617.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 114.34 617.25 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 176.35 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 194.40 617.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 225.78 617.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 267.17 617.25 Td (\(Boeing\) ) Tj ET Q q 0 0 0 rg BT 314.09 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.37 617.25 Td (Seattle ) Tj ET Q q 0 0 0 rg BT 354.08 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.47 617.25 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 400.19 617.25 Td (S.A.S. ) Tj ET Q q 0 0 0 rg BT 428.54 617.25 Td (\(Airbus\) ) Tj ET Q q 0 0 0 rg BT 473.79 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 483.89 617.25 Td (T) Tj ET Q q 0 0 0 rg BT 489.30 617.25 Td (oulouse.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 596.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.90 596.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 142.20 596.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 197.83 596.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 237.90 596.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 284.64 596.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 325.82 596.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 353.66 596.25 Td (include ) Tj ET Q q 0 0 0 rg BT 385.95 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.02 596.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 438.87 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.43 596.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 483.38 596.25 Td (HoldingsN.V) Tj ET Q q 0 0 0 rg BT 538.21 596.25 Td (. ) Tj ET Q q 0 0 0 rg BT 543.56 596.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.25 Td (its ) Tj ET Q q 0 0 0 rg BT 66.20 584.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 118.06 584.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 151.91 584.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 191.34 584.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 206.99 584.25 Td (. ) Tj ET Q q 0 0 0 rg BT 212.24 584.25 Td (was ) Tj ET Q q 0 0 0 rg BT 230.55 584.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 283.83 584.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.37 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.34 584.25 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 360.40 584.25 Td (as ) Tj ET Q q 0 0 0 rg BT 371.49 584.25 Td (a ) Tj ET Q q 0 0 0 rg BT 378.68 584.25 Td (public ) Tj ET Q q 0 0 0 rg BT 406.43 584.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 437.51 584.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 471.37 584.25 Td (company ) Tj ET Q q 0 0 0 rg BT 510.78 584.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.11 584.25 Td (naamloze ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 572.25 Td (vennootschap ) Tj ET Q q 0 0 0 rg BT 117.05 572.25 Td (or ) Tj ET Q q 0 0 0 rg BT 128.44 572.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 147.99 572.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.05 572.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 161.88 572.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.38 572.25 Td (July ) Tj ET Q q 0 0 0 rg BT 193.55 572.25 Td (10, ) Tj ET Q q 0 0 0 rg BT 208.55 572.25 Td (2006.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 551.25 Td (2. Basis of pr) Tj ET Q q 0 0 0 rg BT 109.38 551.25 Td (esentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 530.25 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 509.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.49 509.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 143.37 509.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 199.59 509.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.24 509.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 287.56 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.21 509.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 344.97 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.19 509.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 404.59 509.25 Td (with ) Tj ET Q q 0 0 0 rg BT 425.05 509.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 475.15 509.25 Td (Principles ) Tj ET Q q 0 0 0 rg BT 518.58 509.25 Td (Generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td (Accepted ) Tj ET Q q 0 0 0 rg BT 94.25 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.53 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.25 497.25 Td (United ) Tj ET Q q 0 0 0 rg BT 148.97 497.25 Td (States ) Tj ET Q q 0 0 0 rg BT 175.35 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.63 497.25 Td (America ) Tj ET Q q 0 0 0 rg BT 222.55 497.25 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 250.61 497.25 Td (GAAP\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 476.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 476.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.39 476.25 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 140.74 476.25 Td (all ) Tj ET Q q 0 0 0 rg BT 153.54 476.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 199.12 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.71 476.25 Td (which ) Tj ET Q q 0 0 0 rg BT 236.95 476.25 Td (we ) Tj ET Q q 0 0 0 rg BT 251.42 476.25 Td (have ) Tj ET Q q 0 0 0 rg BT 273.11 476.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 298.69 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.93 476.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 349.29 476.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 371.53 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 382.67 476.25 Td (ef) Tj ET Q q 0 0 0 rg BT 390.26 476.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 420.27 476.25 Td (control ) Tj ET Q q 0 0 0 rg BT 451.40 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.65 476.25 Td (all ) Tj ET Q q 0 0 0 rg BT 481.26 476.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 504.62 476.25 Td (for ) Tj ET Q q 0 0 0 rg BT 519.09 476.25 Td (which ) Tj ET Q q 0 0 0 rg BT 546.34 476.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 464.25 Td (are ) Tj ET Q q 0 0 0 rg BT 68.30 464.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 101.48 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.79 464.25 Td (Primary ) Tj ET Q q 0 0 0 rg BT 150.09 464.25 Td (Beneficiary ) Tj ET Q q 0 0 0 rg BT 198.82 464.25 Td (\(PB\) ) Tj ET Q q 0 0 0 rg BT 228.68 464.25 Td (under ) Tj ET Q q 0 0 0 rg BT 253.08 464.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 301.82 464.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 343.35 464.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 395.43 464.25 Td (\(ASC\) ) Tj ET Q q 0 0 0 rg BT 432.51 464.25 Td (810. ) Tj ET Q q 0 0 0 rg BT 451.64 464.25 Td (All ) Tj ET Q q 0 0 0 rg BT 466.51 464.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 523.58 464.25 Td (balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.12 452.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 119.57 452.25 Td (with ) Tj ET Q q 0 0 0 rg BT 139.04 452.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 191.27 452.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 240.17 452.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.06 452.25 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 300.33 452.25 Td (The ) Tj ET Q q 0 0 0 rg BT 317.57 452.25 Td (results ) Tj ET Q q 0 0 0 rg BT 345.36 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.38 452.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 407.60 452.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 438.17 452.25 Td (are ) Tj ET Q q 0 0 0 rg BT 452.07 452.25 Td (included ) Tj ET Q q 0 0 0 rg BT 488.19 452.25 Td (from ) Tj ET Q q 0 0 0 rg BT 509.31 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.21 452.25 Td (ef) Tj ET Q q 0 0 0 rg BT 530.80 452.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.25 Td (date ) Tj ET Q q 0 0 0 rg BT 72.95 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.58 440.25 Td (control ) Tj ET Q q 0 0 0 rg BT 114.20 440.25 Td (or) Tj ET Q q 0 0 0 rg BT 122.13 440.25 Td (, ) Tj ET Q q 0 0 0 rg BT 126.93 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.00 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.51 440.25 Td (case ) Tj ET Q q 0 0 0 rg BT 171.02 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.48 440.25 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 206.83 440.25 Td (from ) Tj ET Q q 0 0 0 rg BT 228.56 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.07 440.25 Td (date ) Tj ET Q q 0 0 0 rg BT 262.03 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 279.32 440.25 Td (we ) Tj ET Q q 0 0 0 rg BT 293.27 440.25 Td (are ) Tj ET Q q 0 0 0 rg BT 307.78 440.25 Td (or ) Tj ET Q q 0 0 0 rg BT 318.40 440.25 Td (become ) Tj ET Q q 0 0 0 rg BT 351.79 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.31 440.25 Td (PB. ) Tj ET Q q 0 0 0 rg BT 383.17 440.25 Td (The ) Tj ET Q q 0 0 0 rg BT 401.01 440.25 Td (results ) Tj ET Q q 0 0 0 rg BT 429.42 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.04 440.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 489.56 440.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 508.52 440.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.15 440.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 428.25 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 116.53 428.25 Td (are ) Tj ET Q q 0 0 0 rg BT 131.29 428.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 169.94 428.25 Td (from ) Tj ET Q q 0 0 0 rg BT 191.92 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.69 428.25 Td (date ) Tj ET Q q 0 0 0 rg BT 225.90 428.25 Td (that ) Tj ET Q q 0 0 0 rg BT 243.45 428.25 Td (we ) Tj ET Q q 0 0 0 rg BT 257.66 428.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 281.85 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.18 428.25 Td (control ) Tj ET Q q 0 0 0 rg BT 323.06 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.83 428.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 381.49 428.25 Td (or) Tj ET Q q 0 0 0 rg BT 389.42 428.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.47 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.80 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.57 428.25 Td (case ) Tj ET Q q 0 0 0 rg BT 439.32 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.02 428.25 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 475.62 428.25 Td (when ) Tj ET Q q 0 0 0 rg BT 499.84 428.25 Td (we ) Tj ET Q q 0 0 0 rg BT 514.05 428.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 538.24 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.57 428.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 416.25 Td (PB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 395.25 Td (Unconsolidated ) Tj ET Q q 0 0 0 rg BT 141.76 395.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 192.04 395.25 Td (where ) Tj ET Q q 0 0 0 rg BT 218.97 395.25 Td (we ) Tj ET Q q 0 0 0 rg BT 233.13 395.25 Td (have ) Tj ET Q q 0 0 0 rg BT 254.50 395.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 299.21 395.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 338.92 395.25 Td (are ) Tj ET Q q 0 0 0 rg BT 353.62 395.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 389.44 395.25 Td (using ) Tj ET Q q 0 0 0 rg BT 413.61 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.33 395.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 455.82 395.25 Td (method ) Tj ET Q q 0 0 0 rg BT 488.32 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.15 395.25 Td (accounting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 374.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.55 374.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 141.49 374.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 196.76 374.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.48 374.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 282.86 374.25 Td (are ) Tj ET Q q 0 0 0 rg BT 297.56 374.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 323.39 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.67 374.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 353.95 374.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 386.17 374.25 Td (which ) Tj ET Q q 0 0 0 rg BT 413.11 374.25 Td (is ) Tj ET Q q 0 0 0 rg BT 422.28 374.25 Td (our ) Tj ET Q q 0 0 0 rg BT 438.11 374.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 481.15 374.25 Td (currency) Tj ET Q q 0 0 0 rg BT 515.47 374.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 353.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.88 353.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 124.59 353.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.40 353.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 205.44 353.25 Td (have ) Tj ET Q q 0 0 0 rg BT 226.15 353.25 Td (been ) Tj ET Q q 0 0 0 rg BT 246.85 353.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 283.66 353.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 319.92 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.53 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.58 353.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 364.84 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.00 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.05 353.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 408.66 353.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 449.92 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.19 353.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 507.44 353.25 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.25 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 90.94 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.44 341.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 129.28 341.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 156.14 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.20 341.25 Td (for ) Tj ET Q q 0 0 0 rg BT 173.92 341.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 205.87 341.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.91 341.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 286.12 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.62 341.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 332.22 341.25 Td (all ) Tj ET Q q 0 0 0 rg BT 345.27 341.25 Td (normally ) Tj ET Q q 0 0 0 rg BT 384.44 341.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 424.15 341.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 474.98 341.25 Td (that ) Tj ET Q q 0 0 0 rg BT 493.04 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 508.31 341.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 550.24 341.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 78.35 329.25 Td (state ) Tj ET Q q 0 0 0 rg BT 99.38 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.29 329.25 Td (results ) Tj ET Q q 0 0 0 rg BT 143.10 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 157.46 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.38 329.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 203.96 329.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 236.10 329.25 Td (presented. ) Tj ET Q q 0 0 0 rg BT 279.61 329.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 311.74 329.25 Td (information ) Tj ET Q q 0 0 0 rg BT 361.66 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.79 329.25 Td (footnote ) Tj ET Q q 0 0 0 rg BT 414.82 329.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 461.96 329.25 Td (required ) Tj ET Q q 0 0 0 rg BT 497.97 329.25 Td (by ) Tj ET Q q 0 0 0 rg BT 510.67 329.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 531.15 329.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 558.01 329.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (for ) Tj ET Q q 0 0 0 rg BT 68.46 317.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 107.90 317.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 137.35 317.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.13 317.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 220.14 317.25 Td (have ) Tj ET Q q 0 0 0 rg BT 241.81 317.25 Td (been ) Tj ET Q q 0 0 0 rg BT 263.48 317.25 Td (omitted ) Tj ET Q q 0 0 0 rg BT 296.83 317.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 316.56 317.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 357.94 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.07 317.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 405.74 317.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 443.52 317.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 488.53 317.25 Td (should ) Tj ET Q q 0 0 0 rg BT 517.99 317.25 Td (be ) Tj ET Q q 0 0 0 rg BT 530.23 317.25 Td (read ) Tj ET Q q 0 0 0 rg BT 550.23 317.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 103.22 305.25 Td (with ) Tj ET Q q 0 0 0 rg BT 123.00 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 137.90 305.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 169.34 305.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 198.56 305.25 Td (on ) Tj ET Q q 0 0 0 rg BT 210.57 305.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 234.24 305.25 Td (20-F ) Tj ET Q q 0 0 0 rg BT 255.14 305.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.81 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.03 305.25 Td (year ) Tj ET Q q 0 0 0 rg BT 302.24 305.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.13 305.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 386.22 305.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.22 305.25 Td (, ) Tj ET Q q 0 0 0 rg BT 410.72 305.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 431.05 305.25 Td (with ) Tj ET Q q 0 0 0 rg BT 450.84 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.06 305.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 485.40 305.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.41 305.25 Td (March5, ) Tj ET Q q 0 0 0 rg BT 535.52 305.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.52 305.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 293.25 Td (The ) Tj ET Q q 0 0 0 rg BT 71.71 293.25 Td (results ) Tj ET Q q 0 0 0 rg BT 99.97 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.46 293.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 154.28 293.25 Td (for ) Tj ET Q q 0 0 0 rg BT 168.10 293.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.48 293.25 Td (three ) Tj ET Q q 0 0 0 rg BT 204.62 293.25 Td (months ) Tj ET Q q 0 0 0 rg BT 236.23 293.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 262.27 293.25 Td (March ) Tj ET Q q 0 0 0 rg BT 290.52 293.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 305.18 293.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.18 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.34 293.25 Td (are ) Tj ET Q q 0 0 0 rg BT 341.71 293.25 Td (not ) Tj ET Q q 0 0 0 rg BT 356.65 293.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 403.23 293.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 444.82 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.31 293.25 Td (those ) Tj ET Q q 0 0 0 rg BT 478.58 293.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.40 293.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.00 293.25 Td (full ) Tj ET Q q 0 0 0 rg BT 515.04 293.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 538.86 293.25 Td (year) Tj ET Q q 0 0 0 rg BT 555.51 293.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 272.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 97.03 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.67 272.25 Td (rounding, ) Tj ET Q q 0 0 0 rg BT 151.15 272.25 Td (numbers ) Tj ET Q q 0 0 0 rg BT 189.46 272.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 231.64 272.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 279.40 272.25 Td (this ) Tj ET Q q 0 0 0 rg BT 297.71 272.25 Td (document ) Tj ET Q q 0 0 0 rg BT 341.01 272.25 Td (may ) Tj ET Q q 0 0 0 rg BT 362.10 272.25 Td (not ) Tj ET Q q 0 0 0 rg BT 378.75 272.25 Td (add ) Tj ET Q q 0 0 0 rg BT 397.05 272.25 Td (up ) Tj ET Q q 0 0 0 rg BT 410.92 272.25 Td (precisely ) Tj ET Q q 0 0 0 rg BT 450.88 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.53 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.61 272.25 Td (totals ) Tj ET Q q 0 0 0 rg BT 504.15 272.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 543.56 272.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.25 Td (percentages ) Tj ET Q q 0 0 0 rg BT 103.69 260.25 Td (may ) Tj ET Q q 0 0 0 rg BT 123.41 260.25 Td (not ) Tj ET Q q 0 0 0 rg BT 138.69 260.25 Td (precisely ) Tj ET Q q 0 0 0 rg BT 177.28 260.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 205.31 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.03 260.25 Td (absolute ) Tj ET Q q 0 0 0 rg BT 255.86 260.25 Td (figures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.12 260.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 239.25 Td (Use of estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 218.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.81 218.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 143.10 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.19 218.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 201.38 218.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 256.92 218.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 296.89 218.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 343.53 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.06 218.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 401.26 218.25 Td (with ) Tj ET Q q 0 0 0 rg BT 421.79 218.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 442.33 218.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 469.19 218.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.95 218.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 506.92 218.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.24 206.25 Td (make ) Tj ET Q q 0 0 0 rg BT 88.36 206.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 128.03 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.93 206.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 196.84 206.25 Td (that ) Tj ET Q q 0 0 0 rg BT 214.30 206.25 Td (af) Tj ET Q q 0 0 0 rg BT 221.89 206.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 239.34 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.02 206.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 289.79 206.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 326.14 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.94 206.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.73 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.63 206.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 419.31 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.21 206.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 479.22 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.01 206.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 534.69 206.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.35 194.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 111.47 194.25 Td (at ) Tj ET Q q 0 0 0 rg BT 121.60 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.73 194.25 Td (date ) Tj ET Q q 0 0 0 rg BT 156.29 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.53 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.66 194.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 220.54 194.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 265.67 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.01 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.14 194.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 334.36 194.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 371.16 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.40 194.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.85 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.19 194.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 477.20 194.25 Td (during ) Tj ET Q q 0 0 0 rg BT 506.22 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.34 194.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 182.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 85.50 182.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.77 182.25 Td (use ) Tj ET Q q 0 0 0 rg BT 121.82 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.88 182.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 174.81 182.25 Td (is ) Tj ET Q q 0 0 0 rg BT 185.21 182.25 Td (or ) Tj ET Q q 0 0 0 rg BT 197.26 182.25 Td (could ) Tj ET Q q 0 0 0 rg BT 223.20 182.25 Td (be ) Tj ET Q q 0 0 0 rg BT 236.36 182.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.52 182.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 290.46 182.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 317.50 182.25 Td (af) Tj ET Q q 0 0 0 rg BT 325.08 182.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 356.57 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.51 182.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 409.55 182.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 446.59 182.25 Td (values ) Tj ET Q q 0 0 0 rg BT 475.86 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.91 182.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 513.30 182.25 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 170.25 Td (intangibles, ) Tj ET Q q 0 0 0 rg BT 102.87 170.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 155.62 170.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 178.09 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.02 170.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 218.61 170.25 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 268.56 170.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 304.35 170.25 Td (income ) Tj ET Q q 0 0 0 rg BT 336.27 170.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.97 170.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 376.79 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.71 170.25 Td (accruals ) Tj ET Q q 0 0 0 rg BT 428.95 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.87 170.25 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 483.07 170.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 512.21 170.25 Td (results ) Tj ET Q q 0 0 0 rg BT 540.80 170.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 158.25 Td (dif) Tj ET Q q 0 0 0 rg BT 64.93 158.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 78.53 158.25 Td (from ) Tj ET Q q 0 0 0 rg BT 100.46 158.25 Td (our ) Tj ET Q q 0 0 0 rg BT 116.29 158.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 156.01 158.25 Td (under ) Tj ET Q q 0 0 0 rg BT 181.28 158.25 Td (dif) Tj ET Q q 0 0 0 rg BT 192.20 158.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 218.02 158.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 264.68 158.25 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 309.96 158.25 Td (materially) Tj ET Q q 0 0 0 rg BT 349.84 158.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 137.25 Td (Reportable segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 116.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 116.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.29 116.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 126.10 116.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.15 116.25 Td (business ) Tj ET Q q 0 0 0 rg BT 178.76 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.91 116.25 Td (analyze ) Tj ET Q q 0 0 0 rg BT 229.16 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.31 116.25 Td (report ) Tj ET Q q 0 0 0 rg BT 272.91 116.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.95 116.25 Td (results ) Tj ET Q q 0 0 0 rg BT 317.78 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.83 116.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 373.20 116.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.91 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.85 116.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 423.56 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.61 116.25 Td (one ) Tj ET Q q 0 0 0 rg BT 451.76 116.25 Td (business ) Tj ET Q q 0 0 0 rg BT 488.37 116.25 Td (segment: ) Tj ET Q q 0 0 0 rg BT 527.19 116.25 Td (leasing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 96.76 104.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 118.70 104.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.64 104.25 Td (management ) Tj ET Q q 0 0 0 rg BT 189.23 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.06 104.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 249.76 104.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 281.12 104.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.06 104.25 Td (engines. ) Tj ET Q q 0 0 0 rg BT 333.60 104.25 Td ( ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.75 Td ( 3. Summary of significant accounting policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (13) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 92.05 686.25 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 665.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 665.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.08 665.25 Td (periodically ) Tj ET Q q 0 0 0 rg BT 140.34 665.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 175.15 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.86 665.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 242.57 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.40 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.23 665.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 306.49 665.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 327.98 665.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 367.80 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.08 665.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 418.56 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.28 665.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 479.31 665.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 512.46 665.25 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.54 653.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 127.96 653.25 Td (model ) Tj ET Q q 0 0 0 rg BT 156.05 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.93 653.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 192.25 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.14 653.25 Td (each ) Tj ET Q q 0 0 0 rg BT 224.55 653.25 Td (lessee. ) Tj ET Q q 0 0 0 rg BT 253.81 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 262.45 653.25 Td (e ) Tj ET Q q 0 0 0 rg BT 269.99 653.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 294.74 653.25 Td (accrual-based ) Tj ET Q q 0 0 0 rg BT 352.80 653.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 387.55 653.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 436.20 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 449.30 653.25 Td (an ) Tj ET Q q 0 0 0 rg BT 461.84 653.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 502.71 653.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 525.79 653.25 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (when ) Tj ET Q q 0 0 0 rg BT 77.84 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.24 641.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 133.85 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.36 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.76 641.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 183.71 641.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 224.21 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.06 641.25 Td (no ) Tj ET Q q 0 0 0 rg BT 245.25 641.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 272.97 641.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 310.14 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.76 641.25 Td (we ) Tj ET Q q 0 0 0 rg BT 340.60 641.25 Td (then ) Tj ET Q q 0 0 0 rg BT 360.00 641.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 401.05 641.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 425.99 641.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 463.71 641.25 Td (using ) Tj ET Q q 0 0 0 rg BT 487.56 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 494.18 641.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.13 641.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (method ) Tj ET Q q 0 0 0 rg BT 86.48 629.25 Td (\(Cash ) Tj ET Q q 0 0 0 rg BT 116.19 629.25 Td (Accounting\). ) Tj ET Q q 0 0 0 rg BT 175.60 629.25 Td (In ) Tj ET Q q 0 0 0 rg BT 186.41 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.11 629.25 Td (period ) Tj ET Q q 0 0 0 rg BT 229.15 629.25 Td (we ) Tj ET Q q 0 0 0 rg BT 243.29 629.25 Td (conclude ) Tj ET Q q 0 0 0 rg BT 281.87 629.25 Td (that ) Tj ET Q q 0 0 0 rg BT 299.35 629.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 341.26 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.08 629.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 374.55 629.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 415.36 629.25 Td (is ) Tj ET Q q 0 0 0 rg BT 424.52 629.25 Td (no ) Tj ET Q q 0 0 0 rg BT 437.00 629.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 465.03 629.25 Td (probable, ) Tj ET Q q 0 0 0 rg BT 505.00 629.25 Td (we ) Tj ET Q q 0 0 0 rg BT 519.15 629.25 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (any ) Tj ET Q q 0 0 0 rg BT 71.18 617.25 Td (dif) Tj ET Q q 0 0 0 rg BT 82.11 617.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 114.27 617.25 Td (between ) Tj ET Q q 0 0 0 rg BT 150.33 617.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 184.71 617.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 221.34 617.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 267.95 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.47 617.25 Td (date ) Tj ET Q q 0 0 0 rg BT 297.87 617.25 Td (under ) Tj ET Q q 0 0 0 rg BT 323.38 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.34 617.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 369.95 617.25 Td (method ) Tj ET Q q 0 0 0 rg BT 402.68 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.87 617.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 460.93 617.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.67 617.25 Td (have ) Tj ET Q q 0 0 0 rg BT 500.29 617.25 Td (been ) Tj ET Q q 0 0 0 rg BT 521.91 617.25 Td (collected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td (from ) Tj ET Q q 0 0 0 rg BT 76.76 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.30 605.25 Td (lessee, ) Tj ET Q q 0 0 0 rg BT 121.99 605.25 Td (including ) Tj ET Q q 0 0 0 rg BT 163.09 605.25 Td (security ) Tj ET Q q 0 0 0 rg BT 198.06 605.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 230.27 605.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 267.48 605.25 Td (held, ) Tj ET Q q 0 0 0 rg BT 290.51 605.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.16 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.92 605.25 Td (current ) Tj ET Q q 0 0 0 rg BT 341.56 605.25 Td (period ) Tj ET Q q 0 0 0 rg BT 370.43 605.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 417.63 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.73 605.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 452.03 605.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 487.29 605.25 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 540.52 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 546.34 605.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 95.60 593.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 133.87 593.25 Td (based ) Tj ET Q q 0 0 0 rg BT 159.38 593.25 Td (on ) Tj ET Q q 0 0 0 rg BT 172.11 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.06 593.25 Td (lesser ) Tj ET Q q 0 0 0 rg BT 212.57 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.63 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.59 593.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 289.64 593.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 315.14 593.25 Td (income ) Tj ET Q q 0 0 0 rg BT 347.31 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.38 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.33 593.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 396.05 593.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 437.11 593.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 475.94 593.25 Td (from ) Tj ET Q q 0 0 0 rg BT 498.11 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.06 593.25 Td (lessee ) Tj ET Q q 0 0 0 rg BT 539.68 593.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (such ) Tj ET Q q 0 0 0 rg BT 74.83 581.25 Td (time ) Tj ET Q q 0 0 0 rg BT 95.10 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 112.60 581.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 154.53 581.25 Td (is ) Tj ET Q q 0 0 0 rg BT 163.70 581.25 Td (probable. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 560.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.65 560.25 Td (other ) Tj ET Q q 0 0 0 rg BT 115.79 560.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 159.59 560.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 205.06 560.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 237.75 560.25 Td (are ) Tj ET Q q 0 0 0 rg BT 251.55 560.25 Td (described ) Tj ET Q q 0 0 0 rg BT 291.46 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.83 560.25 Td (our ) Tj ET Q q 0 0 0 rg BT 315.40 560.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 346.44 560.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 375.25 560.25 Td (on ) Tj ET Q q 0 0 0 rg BT 386.84 560.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 410.10 560.25 Td (20-F ) Tj ET Q q 0 0 0 rg BT 430.59 560.25 Td (for ) Tj ET Q q 0 0 0 rg BT 443.84 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.65 560.25 Td (year ) Tj ET Q q 0 0 0 rg BT 476.45 560.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.92 560.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 548.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 548.25 Td (, ) Tj ET Q q 0 0 0 rg BT 79.00 548.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 99.83 548.25 Td (with ) Tj ET Q q 0 0 0 rg BT 120.10 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.82 548.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 155.66 548.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.16 548.25 Td (March5, ) Tj ET Q q 0 0 0 rg BT 206.76 548.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.76 548.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td (Recent accounting standards and policy elections adopted during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.02 527.25 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.02 527.25 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 506.25 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 99.83 506.25 Td (for ) Tj ET Q q 0 0 0 rg BT 114.56 506.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 140.38 506.25 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 485.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.68 485.25 Td (June ) Tj ET Q q 0 0 0 rg BT 106.87 485.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 131.22 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.29 485.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 183.94 485.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 232.45 485.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 273.74 485.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 300.04 485.25 Td (\(F) Tj ET Q q 0 0 0 rg BT 312.62 485.25 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 341.70 485.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 368.14 485.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 416.65 485.25 Td (Standard ) Tj ET Q q 0 0 0 rg BT 454.05 485.25 Td (Update ) Tj ET Q q 0 0 0 rg BT 484.78 485.25 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 522.18 485.25 Td (2016-13, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 94.74 473.25 Td (Instruments-Credit ) Tj ET Q q 0 0 0 rg BT 173.81 473.25 Td (Losses ) Tj ET Q q 0 0 0 rg BT 204.56 473.25 Td (\(ASC ) Tj ET Q q 0 0 0 rg BT 235.31 473.25 Td (326\). ) Tj ET Q q 0 0 0 rg BT 263.33 473.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 286.32 473.25 Td (326 ) Tj ET Q q 0 0 0 rg BT 304.84 473.25 Td (replaces ) Tj ET Q q 0 0 0 rg BT 341.13 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.87 473.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 393.72 473.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 412.81 473.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 469.11 473.25 Td (with ) Tj ET Q q 0 0 0 rg BT 490.42 473.25 Td (an ) Tj ET Q q 0 0 0 rg BT 503.39 473.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 542.45 473.25 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 109.00 461.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 142.86 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.87 461.25 Td (as ) Tj ET Q q 0 0 0 rg BT 163.42 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.87 461.25 Td (current ) Tj ET Q q 0 0 0 rg BT 208.41 461.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 246.17 461.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 271.16 461.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 288.95 461.25 Td (\(CECL\) ) Tj ET Q q 0 0 0 rg BT 332.27 461.25 Td (methodology) Tj ET Q q 0 0 0 rg BT 384.39 461.25 Td (. ) Tj ET Q q 0 0 0 rg BT 388.96 461.25 Td (The ) Tj ET Q q 0 0 0 rg BT 406.73 461.25 Td (CECL) Tj ET Q q 0 0 0 rg BT 431.92 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 434.14 461.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 489.14 461.25 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 520.25 461.25 Td (a ) Tj ET Q q 0 0 0 rg BT 526.92 461.25 Td (lifetime ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 91.94 449.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 117.10 449.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 135.07 449.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 190.78 449.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 229.84 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.90 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.52 449.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 306.47 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.20 449.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 342.37 449.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 368.66 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 382.73 449.25 Td (most ) Tj ET Q q 0 0 0 rg BT 404.58 449.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.96 449.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 467.70 449.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 508.42 449.25 Td (at ) Tj ET Q q 0 0 0 rg BT 518.04 449.25 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 72.19 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.71 437.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 118.00 437.25 Td (other ) Tj ET Q q 0 0 0 rg BT 140.63 437.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 191.88 437.25 Td (including ) Tj ET Q q 0 0 0 rg BT 231.74 437.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 251.04 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.56 437.25 Td (other ) Tj ET Q q 0 0 0 rg BT 290.19 437.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 337.25 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.77 437.25 Td (net ) Tj ET Q q 0 0 0 rg BT 368.07 437.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 414.04 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.90 437.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 455.41 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.93 437.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 514.00 437.25 Td (leases. ) Tj ET Q q 0 0 0 rg BT 542.46 437.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.25 Td (net ) Tj ET Q q 0 0 0 rg BT 69.04 425.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 115.75 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 126.36 425.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 158.61 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.87 425.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 218.68 425.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 245.38 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.65 425.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 286.58 425.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 330.49 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 345.52 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.57 425.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 395.05 425.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.85 425.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 459.01 425.25 Td (within ) Tj ET Q q 0 0 0 rg BT 487.39 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.44 425.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 528.03 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.56 425.25 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td (326. ) Tj ET Q q 0 0 0 rg BT 74.00 413.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.05 413.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 114.54 413.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 162.01 413.25 Td (related ) Tj ET Q q 0 0 0 rg BT 191.71 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.99 413.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 233.35 413.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 273.61 413.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 299.99 413.25 Td (are ) Tj ET Q q 0 0 0 rg BT 314.70 413.25 Td (not ) Tj ET Q q 0 0 0 rg BT 329.98 413.25 Td (within ) Tj ET Q q 0 0 0 rg BT 358.03 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.75 413.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 398.02 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.30 413.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 430.25 413.25 Td (326.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 392.25 Td (On ) Tj ET Q q 0 0 0 rg BT 91.05 392.25 Td (January ) Tj ET Q q 0 0 0 rg BT 124.47 392.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 134.29 392.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 159.12 392.25 Td (we ) Tj ET Q q 0 0 0 rg BT 173.10 392.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 206.57 392.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 228.35 392.25 Td (326 ) Tj ET Q q 0 0 0 rg BT 245.67 392.25 Td (under ) Tj ET Q q 0 0 0 rg BT 270.76 392.25 Td (a ) Tj ET Q q 0 0 0 rg BT 277.52 392.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 315.95 392.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 369.92 392.25 Td (approach. ) Tj ET Q q 0 0 0 rg BT 410.87 392.25 Td (As ) Tj ET Q q 0 0 0 rg BT 424.31 392.25 Td (a ) Tj ET Q q 0 0 0 rg BT 431.07 392.25 Td (result ) Tj ET Q q 0 0 0 rg BT 455.62 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.27 392.25 Td (adopting ) Tj ET Q q 0 0 0 rg BT 503.08 392.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 524.85 392.25 Td (326, ) Tj ET Q q 0 0 0 rg BT 544.68 392.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 380.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 97.91 380.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.95 380.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 139.09 380.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 166.36 380.25 Td (will ) Tj ET Q q 0 0 0 rg BT 185.30 380.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 214.21 380.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.92 380.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 267.62 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.33 380.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 305.47 380.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 332.74 380.25 Td (over ) Tj ET Q q 0 0 0 rg BT 353.89 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.48 380.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 413.40 380.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 452.32 380.25 Td (life ) Tj ET Q q 0 0 0 rg BT 469.02 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.73 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.32 380.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 534.68 380.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 94.85 368.25 Td (at ) Tj ET Q q 0 0 0 rg BT 104.60 368.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 147.11 368.25 Td (cost. ) Tj ET Q q 0 0 0 rg BT 168.25 368.25 Td (Expected ) Tj ET Q q 0 0 0 rg BT 207.99 368.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 233.29 368.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 259.71 368.25 Td (for ) Tj ET Q q 0 0 0 rg BT 273.90 368.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 300.88 368.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 347.27 368.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 384.79 368.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 410.65 368.25 Td (as ) Tj ET Q q 0 0 0 rg BT 421.51 368.25 Td (well ) Tj ET Q q 0 0 0 rg BT 441.26 368.25 Td (as ) Tj ET Q q 0 0 0 rg BT 452.13 368.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 486.87 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.18 368.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 535.24 368.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 79.95 356.25 Td (during ) Tj ET Q q 0 0 0 rg BT 108.12 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.40 356.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 152.50 356.25 Td (will ) Tj ET Q q 0 0 0 rg BT 170.12 356.25 Td (be ) Tj ET Q q 0 0 0 rg BT 181.62 356.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 227.54 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.38 356.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 273.31 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.81 356.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 329.63 356.25 Td (within ) Tj ET Q q 0 0 0 rg BT 357.25 356.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 387.63 356.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 428.14 356.25 Td (These ) Tj ET Q q 0 0 0 rg BT 454.08 356.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 491.67 356.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 516.50 356.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 542.45 356.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 65.84 344.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 106.56 344.25 Td (based ) Tj ET Q q 0 0 0 rg BT 131.73 344.25 Td (on ) Tj ET Q q 0 0 0 rg BT 144.14 344.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 183.75 344.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 201.72 344.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 223.28 344.25 Td (current ) Tj ET Q q 0 0 0 rg BT 254.00 344.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 298.07 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.91 344.25 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 352.85 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 370.25 344.25 Td (af) Tj ET Q q 0 0 0 rg BT 377.84 344.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 395.23 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.85 344.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 464.45 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.19 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.81 344.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 525.53 344.25 Td (amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 86.61 332.25 Td (for ) Tj ET Q q 0 0 0 rg BT 101.43 332.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 141.25 332.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 173.85 332.25 Td (after ) Tj ET Q q 0 0 0 rg BT 195.33 332.25 Td (January ) Tj ET Q q 0 0 0 rg BT 229.59 332.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 240.26 332.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 263.42 332.25 Td (are ) Tj ET Q q 0 0 0 rg BT 278.79 332.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 320.27 332.25 Td (under ) Tj ET Q q 0 0 0 rg BT 345.50 332.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 368.12 332.25 Td (326 ) Tj ET Q q 0 0 0 rg BT 386.28 332.25 Td (while ) Tj ET Q q 0 0 0 rg BT 411.66 332.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 434.26 332.25 Td (period ) Tj ET Q q 0 0 0 rg BT 462.97 332.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 500.02 332.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 537.62 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.56 332.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 89.82 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.09 320.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 147.55 320.25 Td (with ) Tj ET Q q 0 0 0 rg BT 167.83 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.55 320.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 227.27 320.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 270.86 320.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 296.97 320.25 Td (. ) Tj ET Q q 0 0 0 rg BT 301.97 320.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 299.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.54 299.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 141.45 299.25 Td (ef) Tj ET Q q 0 0 0 rg BT 149.04 299.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 166.52 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.34 299.25 Td (measuring ) Tj ET Q q 0 0 0 rg BT 221.48 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.19 299.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 279.21 299.25 Td (for ) Tj ET Q q 0 0 0 rg BT 293.36 299.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 318.61 299.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 344.99 299.25 Td (under ) Tj ET Q q 0 0 0 rg BT 370.25 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.96 299.25 Td (CECL) Tj ET Q q 0 0 0 rg BT 410.14 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 412.63 299.25 Td (methodology) Tj ET Q q 0 0 0 rg BT 464.75 299.25 Td (, ) Tj ET Q q 0 0 0 rg BT 469.74 299.25 Td (as ) Tj ET Q q 0 0 0 rg BT 480.56 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.49 299.25 Td (result ) Tj ET Q q 0 0 0 rg BT 512.20 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.02 299.25 Td (adopting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 76.58 287.25 Td (326 ) Tj ET Q q 0 0 0 rg BT 94.72 287.25 Td (on ) Tj ET Q q 0 0 0 rg BT 107.85 287.25 Td (January ) Tj ET Q q 0 0 0 rg BT 142.08 287.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 152.71 287.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 178.34 287.25 Td (was ) Tj ET Q q 0 0 0 rg BT 197.02 287.25 Td (an ) Tj ET Q q 0 0 0 rg BT 209.59 287.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 245.48 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.39 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.74 287.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 315.40 287.25 Td (for ) Tj ET Q q 0 0 0 rg BT 330.19 287.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 356.09 287.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 383.11 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.57 287.25 Td ($30.3 ) Tj ET Q q 0 0 0 rg BT 420.20 287.25 Td (million ) Tj ET Q q 0 0 0 rg BT 452.22 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.79 287.25 Td (a ) Tj ET Q q 0 0 0 rg BT 477.36 287.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 514.91 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.82 287.25 Td (retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 90.38 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.21 275.25 Td ($25.8 ) Tj ET Q q 0 0 0 rg BT 126.21 275.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 160.10 275.25 Td (net ) Tj ET Q q 0 0 0 rg BT 174.82 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.65 275.25 Td (tax.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 254.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 108.99 254.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 146.47 254.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 171.18 254.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 188.68 254.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 232.30 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 246.45 254.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 292.26 254.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.98 254.25 Td (our ) Tj ET Q q 0 0 0 rg BT 317.26 254.25 Td (income ) Tj ET Q q 0 0 0 rg BT 348.63 254.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 388.90 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.28 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 419.43 254.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 459.14 254.25 Td (as ) Tj ET Q q 0 0 0 rg BT 469.42 254.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 499.69 254.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 540.23 254.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 242.25 Td (a ) Tj ET Q q 0 0 0 rg BT 61.11 242.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 121.00 242.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 164.21 242.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.54 242.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 203.98 242.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 222.22 242.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 254.89 242.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 290.88 242.25 Td (as ) Tj ET Q q 0 0 0 rg BT 301.89 242.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.00 242.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 349.44 242.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.89 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.79 242.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 410.78 242.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 443.45 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.45 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.35 242.25 Td (related ) Tj ET Q q 0 0 0 rg BT 499.22 242.25 Td (net ) Tj ET Q q 0 0 0 rg BT 514.12 242.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 230.25 Td (in ) Tj ET Q q 0 0 0 rg BT 65.13 230.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 97.91 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.70 230.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 159.03 230.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 186.26 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.05 230.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 228.51 230.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 272.95 230.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 306.83 230.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 330.73 230.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 365.84 230.25 Td (A) Tj ET Q q 0 0 0 rg BT 372.51 230.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.86 230.25 Td (write-of) Tj ET Q q 0 0 0 rg BT 407.88 230.25 Td (f ) Tj ET Q q 0 0 0 rg BT 414.57 230.25 Td (is ) Tj ET Q q 0 0 0 rg BT 424.59 230.25 Td (made ) Tj ET Q q 0 0 0 rg BT 449.60 230.25 Td (when ) Tj ET Q q 0 0 0 rg BT 474.61 230.25 Td (all ) Tj ET Q q 0 0 0 rg BT 487.96 230.25 Td (or ) Tj ET Q q 0 0 0 rg BT 499.64 230.25 Td (part ) Tj ET Q q 0 0 0 rg BT 518.54 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.22 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.79 230.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 218.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 101.00 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.90 218.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 144.44 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.00 218.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 205.11 218.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 232.11 218.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.56 218.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 267.78 218.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 311.98 218.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 334.54 218.25 Td (is ) Tj ET Q q 0 0 0 rg BT 344.33 218.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 378.55 218.25 Td (uncollectible. ) Tj ET Q q 0 0 0 rg BT 435.59 218.25 Td (W) Tj ET Q q 0 0 0 rg BT 444.62 218.25 Td (rite-of) Tj ET Q q 0 0 0 rg BT 469.43 218.25 Td (fs ) Tj ET Q q 0 0 0 rg BT 479.77 218.25 Td (are ) Tj ET Q q 0 0 0 rg BT 495.10 218.25 Td (char) Tj ET Q q 0 0 0 rg BT 512.12 218.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 529.68 218.25 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 206.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 99.28 206.25 Td (established ) Tj ET Q q 0 0 0 rg BT 146.78 206.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 194.27 206.25 Td (for ) Tj ET Q q 0 0 0 rg BT 209.00 206.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 234.83 206.25 Td (losses. ) Tj ET Q q 0 0 0 rg BT 264.29 206.25 Td (Partial ) Tj ET Q q 0 0 0 rg BT 293.46 206.25 Td (or ) Tj ET Q q 0 0 0 rg BT 304.85 206.25 Td (full ) Tj ET Q q 0 0 0 rg BT 321.81 206.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 365.96 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.35 206.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 414.31 206.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 459.59 206.25 Td (written ) Tj ET Q q 0 0 0 rg BT 490.98 206.25 Td (of) Tj ET Q q 0 0 0 rg BT 499.13 206.25 Td (f ) Tj ET Q q 0 0 0 rg BT 505.53 206.25 Td (are ) Tj ET Q q 0 0 0 rg BT 520.80 206.25 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 194.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 100.36 194.25 Td (as ) Tj ET Q q 0 0 0 rg BT 111.19 194.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.13 194.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 158.39 194.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.67 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.39 194.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 223.67 194.25 Td (for ) Tj ET Q q 0 0 0 rg BT 237.83 194.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 263.09 194.25 Td (losses.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.75 Td ( 3. Summary of significant accounting policies \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (14) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (Reference ) Tj ET Q q 0 0 0 rg BT 98.15 686.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 119.53 686.25 Td (Reform) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 665.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.55 665.25 Td (March ) Tj ET Q q 0 0 0 rg BT 114.36 665.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 138.57 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.51 665.25 Td (F) Tj ET Q q 0 0 0 rg BT 157.33 665.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 178.49 665.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 204.83 665.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 226.55 665.25 Td (2020-04, ) Tj ET Q q 0 0 0 rg BT 264.10 665.25 Td (Reference ) Tj ET Q q 0 0 0 rg BT 306.33 665.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 326.38 665.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 358.64 665.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 367.38 665.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 386.31 665.25 Td (848\) ) Tj ET Q q 0 0 0 rg BT 406.35 665.25 Td (Facilitation ) Tj ET Q q 0 0 0 rg BT 453.62 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.66 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.59 665.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 486.85 665.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 507.44 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.49 665.25 Td (Reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 74.41 653.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 107.04 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 119.12 653.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 158.41 653.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 200.49 653.25 Td (\(ASC ) Tj ET Q q 0 0 0 rg BT 229.79 653.25 Td (848\). ) Tj ET Q q 0 0 0 rg BT 256.68 653.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 278.22 653.25 Td (848 ) Tj ET Q q 0 0 0 rg BT 295.30 653.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 331.82 653.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 374.99 653.25 Td (optional ) Tj ET Q q 0 0 0 rg BT 409.85 653.25 Td (expedients ) Tj ET Q q 0 0 0 rg BT 454.69 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.21 653.25 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 516.06 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.92 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.22 653.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 80.86 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.14 641.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 121.53 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 133.82 641.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 168.31 641.25 Td (modifications ) Tj ET Q q 0 0 0 rg BT 225.59 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.31 641.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 268.48 641.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 314.64 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.71 641.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 353.64 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.15 641.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.42 641.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 444.36 641.25 Td (burden ) Tj ET Q q 0 0 0 rg BT 474.42 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.49 641.25 Td (light ) Tj ET Q q 0 0 0 rg BT 505.11 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.73 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.24 641.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 94.27 629.25 Td (from ) Tj ET Q q 0 0 0 rg BT 116.21 629.25 Td (London ) Tj ET Q q 0 0 0 rg BT 149.82 629.25 Td (Interbank ) Tj ET Q q 0 0 0 rg BT 190.64 629.25 Td (Of) Tj ET Q q 0 0 0 rg BT 201.01 629.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 224.04 629.25 Td (Rates ) Tj ET Q q 0 0 0 rg BT 248.76 629.25 Td (\(LIBOR\) ) Tj ET Q q 0 0 0 rg BT 296.80 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.74 629.25 Td (other ) Tj ET Q q 0 0 0 rg BT 336.78 629.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 376.47 629.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 408.40 629.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.78 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.05 629.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 484.75 629.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 524.43 629.25 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 608.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 103.64 608.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 125.85 608.25 Td (848 ) Tj ET Q q 0 0 0 rg BT 143.61 608.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 189.13 608.25 Td (can ) Tj ET Q q 0 0 0 rg BT 205.76 608.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 227.39 608.25 Td (not ) Tj ET Q q 0 0 0 rg BT 242.93 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.47 608.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 278.44 608.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 308.40 608.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 362.26 608.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 408.89 608.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 463.85 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.38 608.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 513.23 608.25 Td (af) Tj ET Q q 0 0 0 rg BT 520.82 608.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 548.00 608.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 92.82 596.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 109.44 596.25 Td (reform ) Tj ET Q q 0 0 0 rg BT 138.28 596.25 Td (if ) Tj ET Q q 0 0 0 rg BT 146.02 596.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 174.86 596.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 204.80 596.25 Td (are ) Tj ET Q q 0 0 0 rg BT 218.65 596.25 Td (met. ) Tj ET Q q 0 0 0 rg BT 237.42 596.25 Td (An ) Tj ET Q q 0 0 0 rg BT 251.27 596.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 275.68 596.25 Td (that ) Tj ET Q q 0 0 0 rg BT 292.31 596.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 319.49 596.25 Td (this ) Tj ET Q q 0 0 0 rg BT 335.57 596.25 Td (election ) Tj ET Q q 0 0 0 rg BT 368.86 596.25 Td (would ) Tj ET Q q 0 0 0 rg BT 395.49 596.25 Td (not ) Tj ET Q q 0 0 0 rg BT 409.91 596.25 Td (be ) Tj ET Q q 0 0 0 rg BT 420.98 596.25 Td (required ) Tj ET Q q 0 0 0 rg BT 455.93 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.34 596.25 Td (remeasure ) Tj ET Q q 0 0 0 rg BT 508.06 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.91 596.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.25 Td (at ) Tj ET Q q 0 0 0 rg BT 63.49 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.98 584.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 131.35 584.25 Td (date ) Tj ET Q q 0 0 0 rg BT 150.28 584.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.88 584.25 Td (reassess ) Tj ET Q q 0 0 0 rg BT 195.37 584.25 Td (a ) Tj ET Q q 0 0 0 rg BT 202.08 584.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 238.79 584.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 284.94 584.25 Td (determination. ) Tj ET Q q 0 0 0 rg BT 345.08 584.25 Td (The ) Tj ET Q q 0 0 0 rg BT 362.90 584.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 415.72 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.82 584.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 447.54 584.25 Td (848 ) Tj ET Q q 0 0 0 rg BT 464.82 584.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 489.31 584.25 Td (only ) Tj ET Q q 0 0 0 rg BT 509.36 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.41 584.25 Td (contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 572.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 87.92 572.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 143.23 572.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.38 572.25 Td (other ) Tj ET Q q 0 0 0 rg BT 181.63 572.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 231.10 572.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.80 572.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 286.69 572.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 318.39 572.25 Td (or ) Tj ET Q q 0 0 0 rg BT 328.43 572.25 Td (another ) Tj ET Q q 0 0 0 rg BT 360.12 572.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 399.01 572.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 415.70 572.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 452.94 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.42 572.25 Td (be ) Tj ET Q q 0 0 0 rg BT 473.56 572.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 526.37 572.25 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.74 560.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 104.33 560.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 121.72 560.25 Td (reform. ) Tj ET Q q 0 0 0 rg BT 153.66 560.25 Td (The ) Tj ET Q q 0 0 0 rg BT 171.61 560.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 224.56 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.75 560.25 Td (this ) Tj ET Q q 0 0 0 rg BT 251.07 560.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 273.49 560.25 Td (are ) Tj ET Q q 0 0 0 rg BT 288.10 560.25 Td (ef) Tj ET Q q 0 0 0 rg BT 295.69 560.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 325.30 560.25 Td (from ) Tj ET Q q 0 0 0 rg BT 347.14 560.25 Td (March ) Tj ET Q q 0 0 0 rg BT 375.65 560.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 390.56 560.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 412.96 560.25 Td (through ) Tj ET Q q 0 0 0 rg BT 446.48 560.25 Td (December ) Tj ET Q q 0 0 0 rg BT 489.97 560.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 504.88 560.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 527.28 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.13 560.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 548.25 Td (be ) Tj ET Q q 0 0 0 rg BT 66.28 548.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 100.78 548.25 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 157.50 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.00 548.25 Td (any ) Tj ET Q q 0 0 0 rg BT 189.28 548.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 221.01 548.25 Td (period ) Tj ET Q q 0 0 0 rg BT 249.40 548.25 Td (that ) Tj ET Q q 0 0 0 rg BT 267.23 548.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 303.40 548.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.58 548.25 Td (is ) Tj ET Q q 0 0 0 rg BT 324.09 548.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 371.37 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 381.99 548.25 Td (March ) Tj ET Q q 0 0 0 rg BT 410.93 548.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 426.28 548.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 451.42 548.25 Td (W) Tj ET Q q 0 0 0 rg BT 460.05 548.25 Td (e ) Tj ET Q q 0 0 0 rg BT 467.33 548.25 Td (have ) Tj ET Q q 0 0 0 rg BT 489.06 548.25 Td (not ) Tj ET Q q 0 0 0 rg BT 504.68 548.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 538.55 548.25 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 536.25 Td (848 ) Tj ET Q q 0 0 0 rg BT 71.34 536.25 Td (for ) Tj ET Q q 0 0 0 rg BT 85.34 536.25 Td (this ) Tj ET Q q 0 0 0 rg BT 102.13 536.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 133.35 536.25 Td (period ) Tj ET Q q 0 0 0 rg BT 161.23 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.01 536.25 Td (are ) Tj ET Q q 0 0 0 rg BT 192.55 536.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 230.99 536.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 274.98 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.53 536.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 326.87 536.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 356.42 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.97 536.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 407.19 536.25 Td (may ) Tj ET Q q 0 0 0 rg BT 426.74 536.25 Td (have ) Tj ET Q q 0 0 0 rg BT 447.96 536.25 Td (on ) Tj ET Q q 0 0 0 rg BT 460.30 536.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.97 536.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.29 536.25 Td (statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 515.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 104.29 515.25 Td (for ) Tj ET Q q 0 0 0 rg BT 119.01 515.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 142.06 515.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 193.45 515.25 Td (related ) Tj ET Q q 0 0 0 rg BT 224.27 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.55 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.83 515.25 Td (ef) Tj ET Q q 0 0 0 rg BT 257.42 515.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 278.79 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.63 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.90 515.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 344.62 515.25 Td (pandemic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 494.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.42 494.25 Td (April ) Tj ET Q q 0 0 0 rg BT 109.57 494.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 134.10 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.36 494.25 Td (F) Tj ET Q q 0 0 0 rg BT 153.18 494.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 174.67 494.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 201.71 494.25 Td (an ) Tj ET Q q 0 0 0 rg BT 213.19 494.25 Td (interpretive ) Tj ET Q q 0 0 0 rg BT 261.31 494.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 299.45 494.25 Td (Staf) Tj ET Q q 0 0 0 rg BT 315.37 494.25 Td (f ) Tj ET Q q 0 0 0 rg BT 320.74 494.25 Td (Q&A) Tj ET Q q 0 0 0 rg BT 342.41 494.25 Td ( ) Tj ET Q q 0 0 0 rg BT 344.00 494.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 392.70 494.25 Td (for ) Tj ET Q q 0 0 0 rg BT 406.39 494.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 428.42 494.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 478.23 494.25 Td (related ) Tj ET Q q 0 0 0 rg BT 507.47 494.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.28 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.54 494.25 Td (ef) Tj ET Q q 0 0 0 rg BT 539.13 494.25 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 65.90 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.70 482.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 123.05 482.25 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 165.49 482.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 184.62 482.25 Td (Q&A\). ) Tj ET Q q 0 0 0 rg BT 224.86 482.25 Td (The ) Tj ET Q q 0 0 0 rg BT 243.98 482.25 Td (Q&A) Tj ET Q q 0 0 0 rg BT 265.65 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.23 482.25 Td (is ) Tj ET Q q 0 0 0 rg BT 279.47 482.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 324.13 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.48 482.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 381.82 482.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 410.95 482.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 438.40 482.25 Td (are ) Tj ET Q q 0 0 0 rg BT 454.18 482.25 Td (af) Tj ET Q q 0 0 0 rg BT 461.77 482.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 489.77 482.25 Td (by ) Tj ET Q q 0 0 0 rg BT 503.34 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.13 482.25 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 470.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 101.17 470.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 131.11 470.25 Td (by ) Tj ET Q q 0 0 0 rg BT 143.83 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.78 470.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 199.28 470.25 Td (pandemic. ) Tj ET Q q 0 0 0 rg BT 243.18 470.25 Td (The ) Tj ET Q q 0 0 0 rg BT 261.45 470.25 Td (Q&A) Tj ET Q q 0 0 0 rg BT 283.12 470.25 Td ( ) Tj ET Q q 0 0 0 rg BT 285.85 470.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 323.02 470.25 Td (that ) Tj ET Q q 0 0 0 rg BT 340.74 470.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.90 470.25 Td (company ) Tj ET Q q 0 0 0 rg BT 387.28 470.25 Td (may ) Tj ET Q q 0 0 0 rg BT 407.23 470.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 428.82 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.33 470.25 Td (account ) Tj ET Q q 0 0 0 rg BT 473.15 470.25 Td (for ) Tj ET Q q 0 0 0 rg BT 487.53 470.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 510.25 470.25 Td (concessions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 458.25 Td (as ) Tj ET Q q 0 0 0 rg BT 64.81 458.25 Td (though ) Tj ET Q q 0 0 0 rg BT 95.07 458.25 Td (those ) Tj ET Q q 0 0 0 rg BT 118.66 458.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 168.91 458.25 Td (existed ) Tj ET Q q 0 0 0 rg BT 199.72 458.25 Td (regardless ) Tj ET Q q 0 0 0 rg BT 242.74 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.55 458.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 288.24 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.94 458.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 352.05 458.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 377.31 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.23 458.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 441.16 458.25 Td (for ) Tj ET Q q 0 0 0 rg BT 455.30 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.00 458.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 520.25 458.25 Td (explicitly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 446.25 Td (exist ) Tj ET Q q 0 0 0 rg BT 75.42 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 85.72 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.47 446.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 137.14 446.25 Td (As ) Tj ET Q q 0 0 0 rg BT 150.78 446.25 Td (a ) Tj ET Q q 0 0 0 rg BT 157.75 446.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 184.99 446.25 Td (an ) Tj ET Q q 0 0 0 rg BT 196.96 446.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 222.26 446.25 Td (is ) Tj ET Q q 0 0 0 rg BT 231.46 446.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.77 446.25 Td (required ) Tj ET Q q 0 0 0 rg BT 282.61 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.92 446.25 Td (analyze ) Tj ET Q q 0 0 0 rg BT 325.98 446.25 Td (each ) Tj ET Q q 0 0 0 rg BT 346.82 446.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 381.55 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.86 446.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 434.37 446.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 469.10 446.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 518.26 446.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 543.57 446.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 434.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 100.58 434.25 Td (for ) Tj ET Q q 0 0 0 rg BT 114.38 434.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 164.29 434.25 Td (exist ) Tj ET Q q 0 0 0 rg BT 185.31 434.25 Td (in ) Tj ET Q q 0 0 0 rg BT 195.23 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.58 434.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 243.92 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.50 434.25 Td (can ) Tj ET Q q 0 0 0 rg BT 276.51 434.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 297.52 434.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.44 434.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 331.79 434.25 Td (or ) Tj ET Q q 0 0 0 rg BT 342.26 434.25 Td (not ) Tj ET Q q 0 0 0 rg BT 357.17 434.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 381.53 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.88 434.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 418.01 434.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 471.24 434.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 509.47 434.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.92 434.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 540.51 434.25 Td (842, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 422.25 Td (Leases, ) Tj ET Q q 0 0 0 rg BT 86.36 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.80 422.25 Td (those ) Tj ET Q q 0 0 0 rg BT 120.56 422.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 161.62 422.25 Td (This ) Tj ET Q q 0 0 0 rg BT 182.05 422.25 Td (election ) Tj ET Q q 0 0 0 rg BT 216.36 422.25 Td (is ) Tj ET Q q 0 0 0 rg BT 225.68 422.25 Td (available ) Tj ET Q q 0 0 0 rg BT 264.43 422.25 Td (for ) Tj ET Q q 0 0 0 rg BT 278.74 422.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 329.16 422.25 Td (that ) Tj ET Q q 0 0 0 rg BT 346.81 422.25 Td (result ) Tj ET Q q 0 0 0 rg BT 371.69 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.12 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.99 422.25 Td (total ) Tj ET Q q 0 0 0 rg BT 417.42 422.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 458.40 422.25 Td (required ) Tj ET Q q 0 0 0 rg BT 494.37 422.25 Td (by ) Tj ET Q q 0 0 0 rg BT 507.03 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.90 422.25 Td (modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 410.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 88.70 410.25 Td (being ) Tj ET Q q 0 0 0 rg BT 113.42 410.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 166.47 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.19 410.25 Td (same ) Tj ET Q q 0 0 0 rg BT 204.23 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 215.06 410.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.89 410.25 Td (less ) Tj ET Q q 0 0 0 rg BT 243.39 410.25 Td (than ) Tj ET Q q 0 0 0 rg BT 263.11 410.25 Td (total ) Tj ET Q q 0 0 0 rg BT 283.38 410.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 324.21 410.25 Td (required ) Tj ET Q q 0 0 0 rg BT 360.03 410.25 Td (by ) Tj ET Q q 0 0 0 rg BT 372.53 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.24 410.25 Td (original ) Tj ET Q q 0 0 0 rg BT 420.85 410.25 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 389.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 85.76 389.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 115.60 389.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 158.24 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.66 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.52 389.25 Td (period ) Tj ET Q q 0 0 0 rg BT 211.71 389.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 238.23 389.25 Td (March ) Tj ET Q q 0 0 0 rg BT 266.97 389.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 282.12 389.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 307.26 389.25 Td (we ) Tj ET Q q 0 0 0 rg BT 321.56 389.25 Td (have ) Tj ET Q q 0 0 0 rg BT 343.08 389.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 374.04 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.46 389.25 Td (account ) Tj ET Q q 0 0 0 rg BT 418.20 389.25 Td (for ) Tj ET Q q 0 0 0 rg BT 432.50 389.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 455.13 389.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 505.54 389.25 Td (related ) Tj ET Q q 0 0 0 rg BT 535.38 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 545.81 389.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 377.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 83.64 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.15 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.55 377.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 151.50 377.25 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 193.56 377.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 236.73 377.25 Td (with ) Tj ET Q q 0 0 0 rg BT 257.69 377.25 Td (how ) Tj ET Q q 0 0 0 rg BT 278.09 377.25 Td (those ) Tj ET Q q 0 0 0 rg BT 302.37 377.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 353.32 377.25 Td (would ) Tj ET Q q 0 0 0 rg BT 381.50 377.25 Td (be ) Tj ET Q q 0 0 0 rg BT 394.12 377.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 437.83 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 452.67 377.25 Td (under ) Tj ET Q q 0 0 0 rg BT 477.91 377.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 500.54 377.25 Td (842 ) Tj ET Q q 0 0 0 rg BT 518.72 377.25 Td (as ) Tj ET Q q 0 0 0 rg BT 530.23 377.25 Td (though ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 102.83 365.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 127.82 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.46 365.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 191.11 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 204.97 365.25 Td (those ) Tj ET Q q 0 0 0 rg BT 228.28 365.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 278.25 365.25 Td (existed ) Tj ET Q q 0 0 0 rg BT 308.78 365.25 Td (\(regardless ) Tj ET Q q 0 0 0 rg BT 354.85 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.39 365.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 399.80 365.25 Td (those ) Tj ET Q q 0 0 0 rg BT 423.11 365.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 471.94 365.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 496.93 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.57 365.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 67.37 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.30 353.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 130.78 353.25 Td (explicitly ) Tj ET Q q 0 0 0 rg BT 170.26 353.25 Td (exist ) Tj ET Q q 0 0 0 rg BT 190.85 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.34 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.27 353.25 Td (contract\). ) Tj ET Q q 0 0 0 rg BT 253.89 353.25 Td (This ) Tj ET Q q 0 0 0 rg BT 273.38 353.25 Td (election ) Tj ET Q q 0 0 0 rg BT 306.74 353.25 Td (is ) Tj ET Q q 0 0 0 rg BT 315.12 353.25 Td (available ) Tj ET Q q 0 0 0 rg BT 352.92 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 366.29 353.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 415.77 353.25 Td (related ) Tj ET Q q 0 0 0 rg BT 444.68 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.17 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.10 353.25 Td (ef) Tj ET Q q 0 0 0 rg BT 475.68 353.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 496.27 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.31 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.24 353.25 Td (Covid-19 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.25 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 95.37 341.25 Td (that ) Tj ET Q q 0 0 0 rg BT 112.87 341.25 Td (do ) Tj ET Q q 0 0 0 rg BT 125.37 341.25 Td (not ) Tj ET Q q 0 0 0 rg BT 140.65 341.25 Td (result ) Tj ET Q q 0 0 0 rg BT 165.36 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.64 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.58 341.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 227.85 341.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 263.11 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.38 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.10 341.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 313.38 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.21 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.93 341.25 Td (lessor ) Tj ET Q q 0 0 0 rg BT 364.76 341.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.59 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.30 341.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 437.25 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.08 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.79 341.25 Td (lessee. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 320.25 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 104.28 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.56 320.25 Td (T) Tj ET Q q 0 0 0 rg BT 124.75 320.25 Td (est ) Tj ET Q q 0 0 0 rg BT 138.36 320.25 Td (for ) Tj ET Q q 0 0 0 rg BT 153.08 320.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 192.81 320.25 Td (Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 299.25 Td (In ) Tj ET Q q 0 0 0 rg BT 87.69 299.25 Td (January ) Tj ET Q q 0 0 0 rg BT 121.64 299.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 147.00 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.08 299.25 Td (F) Tj ET Q q 0 0 0 rg BT 166.90 299.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 189.21 299.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 216.43 299.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 239.30 299.25 Td (2017-04,Intangibles-Goodwill ) Tj ET Q q 0 0 0 rg BT 366.03 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.32 299.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 408.95 299.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 417.69 299.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 437.77 299.25 Td (350\), ) Tj ET Q q 0 0 0 rg BT 461.45 299.25 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 512.09 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 299.25 Td (T) Tj ET Q q 0 0 0 rg BT 532.37 299.25 Td (est ) Tj ET Q q 0 0 0 rg BT 546.34 299.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 94.23 287.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 143.34 287.25 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 173.56 287.25 Td (2017-04\). ) Tj ET Q q 0 0 0 rg BT 219.07 287.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 241.53 287.25 Td (2017-04 ) Tj ET Q q 0 0 0 rg BT 277.32 287.25 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 319.21 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.88 287.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 380.78 287.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 436.54 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.32 287.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 485.33 287.25 Td (by ) Tj ET Q q 0 0 0 rg BT 497.79 287.25 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 545.79 287.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 105.15 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.77 275.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 154.13 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.19 275.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 202.58 275.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 219.29 275.25 Td (value ) Tj ET Q q 0 0 0 rg BT 243.79 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.95 275.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 293.35 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.97 275.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 340.12 275.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.40 275.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 385.79 275.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 434.73 275.25 Td (char) Tj ET Q q 0 0 0 rg BT 451.75 275.25 Td (ge. ) Tj ET Q q 0 0 0 rg BT 466.53 275.25 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 500.75 275.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 532.47 275.25 Td (record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 263.25 Td (an ) Tj ET Q q 0 0 0 rg BT 66.10 263.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 114.85 263.25 Td (char) Tj ET Q q 0 0 0 rg BT 131.88 263.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 143.98 263.25 Td (based ) Tj ET Q q 0 0 0 rg BT 169.41 263.25 Td (on ) Tj ET Q q 0 0 0 rg BT 182.06 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.94 263.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 225.70 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.69 263.25 Td (a ) Tj ET Q q 0 0 0 rg BT 243.78 263.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 283.10 263.25 Td (unit) Tj ET Q q 0 0 0 rg BT 301.43 263.25 Td (s ) Tj ET Q q 0 0 0 rg BT 307.98 263.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 343.96 263.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 376.61 263.25 Td (over ) Tj ET Q q 0 0 0 rg BT 397.04 263.25 Td (its ) Tj ET Q q 0 0 0 rg BT 409.14 263.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 425.68 263.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 452.30 263.25 Td (The ) Tj ET Q q 0 0 0 rg BT 470.51 263.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 507.04 263.25 Td (also ) Tj ET Q q 0 0 0 rg BT 525.81 263.25 Td (clarifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.98 251.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 109.51 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.60 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.59 251.25 Td (income ) Tj ET Q q 0 0 0 rg BT 167.79 251.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 182.77 251.25 Td (ef) Tj ET Q q 0 0 0 rg BT 190.36 251.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 208.11 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.21 251.25 Td (tax-deductible ) Tj ET Q q 0 0 0 rg BT 279.17 251.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 317.49 251.25 Td (when ) Tj ET Q q 0 0 0 rg BT 341.92 251.25 Td (measuring ) Tj ET Q q 0 0 0 rg BT 386.34 251.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 424.66 251.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.53 251.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 494.15 251.25 Td (This ) Tj ET Q q 0 0 0 rg BT 514.70 251.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 551.34 251.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 239.25 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 239.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 91.84 239.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.54 239.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 136.24 239.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.62 239.25 Td (any ) Tj ET Q q 0 0 0 rg BT 165.10 239.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 197.03 239.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 235.63 239.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 284.78 239.25 Td (test ) Tj ET Q q 0 0 0 rg BT 301.71 239.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.54 239.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 337.24 239.25 Td (years ) Tj ET Q q 0 0 0 rg BT 361.38 239.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 404.42 239.25 Td (after ) Tj ET Q q 0 0 0 rg BT 425.78 239.25 Td (December15, ) Tj ET Q q 0 0 0 rg BT 484.91 239.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 510.24 239.25 Td (W) Tj ET Q q 0 0 0 rg BT 518.88 239.25 Td (e ) Tj ET Q q 0 0 0 rg BT 526.36 239.25 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 76.50 227.25 Td (2017-04 ) Tj ET Q q 0 0 0 rg BT 112.33 227.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.83 227.25 Td (January ) Tj ET Q q 0 0 0 rg BT 158.43 227.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 168.43 227.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 190.93 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.87 227.25 Td (it ) Tj ET Q q 0 0 0 rg BT 215.93 227.25 Td (did ) Tj ET Q q 0 0 0 rg BT 231.21 227.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.49 227.25 Td (have ) Tj ET Q q 0 0 0 rg BT 267.86 227.25 Td (an ) Tj ET Q q 0 0 0 rg BT 279.80 227.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 309.51 227.25 Td (on ) Tj ET Q q 0 0 0 rg BT 322.01 227.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.84 227.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 390.88 227.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 428.37 227.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 206.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 206.25 Td (e ) Tj ET Q q 0 0 0 rg BT 93.01 206.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 140.31 206.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 179.30 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.52 206.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 237.83 206.25 Td (with ) Tj ET Q q 0 0 0 rg BT 259.04 206.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.81 206.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 323.13 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.89 206.25 Td (ILFC. ) Tj ET Q q 0 0 0 rg BT 362.50 206.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 403.72 206.25 Td (is ) Tj ET Q q 0 0 0 rg BT 413.82 206.25 Td (not ) Tj ET Q q 0 0 0 rg BT 430.04 206.25 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 475.95 206.25 Td (but ) Tj ET Q q 0 0 0 rg BT 492.17 206.25 Td (is ) Tj ET Q q 0 0 0 rg BT 502.28 206.25 Td (tested ) Tj ET Q q 0 0 0 rg BT 529.04 206.25 Td (at ) Tj ET Q q 0 0 0 rg BT 539.69 206.25 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 194.25 Td (annually) Tj ET Q q 0 0 0 rg BT 87.78 194.25 Td (, ) Tj ET Q q 0 0 0 rg BT 92.78 194.25 Td (as ) Tj ET Q q 0 0 0 rg BT 103.61 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.44 194.25 Td (December ) Tj ET Q q 0 0 0 rg BT 158.03 194.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 170.53 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.36 194.25 Td (each ) Tj ET Q q 0 0 0 rg BT 202.17 194.25 Td (year) Tj ET Q q 0 0 0 rg BT 218.98 194.25 Td (, ) Tj ET Q q 0 0 0 rg BT 223.98 194.25 Td (for ) Tj ET Q q 0 0 0 rg BT 238.14 194.25 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 289.24 194.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.07 194.25 Td (more ) Tj ET Q q 0 0 0 rg BT 323.12 194.25 Td (frequently ) Tj ET Q q 0 0 0 rg BT 366.71 194.25 Td (if ) Tj ET Q q 0 0 0 rg BT 375.32 194.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 417.25 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.08 194.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 476.68 194.25 Td (are ) Tj ET Q q 0 0 0 rg BT 491.39 194.25 Td (present. ) Tj ET Q q 0 0 0 rg BT 525.26 194.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 173.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 173.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.99 173.25 Td (qualitatively ) Tj ET Q q 0 0 0 rg BT 146.39 173.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 174.24 173.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 209.86 173.25 Td (it ) Tj ET Q q 0 0 0 rg BT 218.83 173.25 Td (is ) Tj ET Q q 0 0 0 rg BT 228.92 173.25 Td (more ) Tj ET Q q 0 0 0 rg BT 252.88 173.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 279.06 173.25 Td (than ) Tj ET Q q 0 0 0 rg BT 299.69 173.25 Td (not ) Tj ET Q q 0 0 0 rg BT 315.88 173.25 Td (that ) Tj ET Q q 0 0 0 rg BT 334.29 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 351.04 173.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 390.01 173.25 Td (is ) Tj ET Q q 0 0 0 rg BT 400.09 173.25 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 441.54 173.25 Td (If ) Tj ET Q q 0 0 0 rg BT 451.62 173.25 Td (we ) Tj ET Q q 0 0 0 rg BT 466.69 173.25 Td (conclude ) Tj ET Q q 0 0 0 rg BT 506.20 173.25 Td (based ) Tj ET Q q 0 0 0 rg BT 532.38 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 545.79 173.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 161.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 98.47 161.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 145.18 161.25 Td (that ) Tj ET Q q 0 0 0 rg BT 162.44 161.25 Td (it ) Tj ET Q q 0 0 0 rg BT 170.27 161.25 Td (is ) Tj ET Q q 0 0 0 rg BT 179.20 161.25 Td (more ) Tj ET Q q 0 0 0 rg BT 202.02 161.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 227.06 161.25 Td (than ) Tj ET Q q 0 0 0 rg BT 246.54 161.25 Td (not ) Tj ET Q q 0 0 0 rg BT 261.59 161.25 Td (that ) Tj ET Q q 0 0 0 rg BT 278.85 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.33 161.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 309.48 161.25 Td (value ) Tj ET Q q 0 0 0 rg BT 333.40 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.50 161.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 376.86 161.25 Td (is ) Tj ET Q q 0 0 0 rg BT 385.80 161.25 Td (less ) Tj ET Q q 0 0 0 rg BT 403.07 161.25 Td (than ) Tj ET Q q 0 0 0 rg BT 422.55 161.25 Td (its ) Tj ET Q q 0 0 0 rg BT 434.26 161.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 461.53 161.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 497.11 161.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 531.87 161.25 Td (we ) Tj ET Q q 0 0 0 rg BT 545.80 161.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 149.25 Td (required ) Tj ET Q q 0 0 0 rg BT 89.82 149.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.09 149.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 134.80 149.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.74 149.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 191.45 149.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 240.04 149.25 Td (test. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 128.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.86 128.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 142.88 128.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 180.25 128.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 228.16 128.25 Td (test, ) Tj ET Q q 0 0 0 rg BT 246.35 128.25 Td (used ) Tj ET Q q 0 0 0 rg BT 266.50 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.08 128.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 309.00 128.25 Td (both ) Tj ET Q q 0 0 0 rg BT 328.59 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.62 128.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 381.63 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.77 128.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 439.68 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.93 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.96 128.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 501.77 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.91 128.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.25 Td (loss, ) Tj ET Q q 0 0 0 rg BT 74.13 116.25 Td (compares ) Tj ET Q q 0 0 0 rg BT 114.51 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.79 116.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 144.73 116.25 Td (value ) Tj ET Q q 0 0 0 rg BT 168.45 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.39 116.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 211.55 116.25 Td (with ) Tj ET Q q 0 0 0 rg BT 231.39 116.25 Td (its ) Tj ET Q q 0 0 0 rg BT 242.91 116.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 269.96 116.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 305.34 116.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 339.90 116.25 Td (including ) Tj ET Q q 0 0 0 rg BT 379.74 116.25 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 419.86 116.25 Td (If ) Tj ET Q q 0 0 0 rg BT 428.59 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.87 116.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 478.25 116.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 510.31 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.25 116.25 Td (AerCap) Tj ET Q q 0 0 0 rg BT 554.12 116.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 81.50 104.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 115.64 104.25 Td (its ) Tj ET Q q 0 0 0 rg BT 127.59 104.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 143.97 104.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 170.62 104.25 Td (an ) Tj ET Q q 0 0 0 rg BT 182.56 104.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 231.16 104.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 249.22 104.25 Td (is ) Tj ET Q q 0 0 0 rg BT 258.39 104.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 304.75 104.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.03 104.25 Td (an ) Tj ET Q q 0 0 0 rg BT 326.97 104.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 359.46 104.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 383.62 104.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.90 104.25 Td (that ) Tj ET Q q 0 0 0 rg BT 411.39 104.25 Td (excess.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (15) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (4. Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 683.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 96.23 683.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 137.62 683.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.56 683.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 194.28 683.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.01 683.25 Td ($188.7 ) Tj ET Q q 0 0 0 rg BT 245.69 683.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.58 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.76 683.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.38 683.25 Td ($179.0 ) Tj ET Q q 0 0 0 rg BT 329.06 683.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.95 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.13 683.25 Td (as ) Tj ET Q q 0 0 0 rg BT 374.65 683.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.16 683.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 432.44 683.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.44 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 456.62 683.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.24 683.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 535.50 683.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.50 683.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 101.66 671.25 Td (, ) Tj ET Q q 0 0 0 rg BT 106.35 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.98 671.25 Td (was ) Tj ET Q q 0 0 0 rg BT 140.72 671.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 180.12 671.25 Td (related ) Tj ET Q q 0 0 0 rg BT 209.52 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.48 671.25 Td (our ) Tj ET Q q 0 0 0 rg BT 235.00 671.25 Td (Export ) Tj ET Q q 0 0 0 rg BT 264.41 671.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 291.11 671.25 Td (Agency ) Tj ET Q q 0 0 0 rg BT 324.40 671.25 Td (\(ECA\) ) Tj ET Q q 0 0 0 rg BT 362.13 671.25 Td (financings ) Tj ET Q q 0 0 0 rg BT 405.97 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.60 671.25 Td (Export-Import ) Tj ET Q q 0 0 0 rg BT 482.55 671.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 505.85 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.37 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.78 671.25 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (States ) Tj ET Q q 0 0 0 rg BT 80.39 659.25 Td (\(Ex-Im\) ) Tj ET Q q 0 0 0 rg BT 123.97 659.25 Td (financings, ) Tj ET Q q 0 0 0 rg BT 170.63 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 185.90 659.25 Td (AerFunding ) Tj ET Q q 0 0 0 rg BT 236.73 659.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 277.56 659.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 302.82 659.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 333.64 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.58 659.25 Td (other ) Tj ET Q q 0 0 0 rg BT 373.63 659.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 395.85 659.25 Td (See ) Tj ET Q q 0 0 0 rg BT 412.78 659.25 Td (Note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.72 659.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.72 659.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.72 659.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.16 659.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 638.25 Td (In ) Tj ET Q q 0 0 0 rg BT 87.20 638.25 Td (March ) Tj ET Q q 0 0 0 rg BT 115.66 638.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 140.00 638.25 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 173.48 638.25 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 214.17 638.25 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 234.03 638.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 262.51 638.25 Td (under ) Tj ET Q q 0 0 0 rg BT 287.65 638.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.45 638.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 321.26 638.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 364.16 638.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 404.85 638.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 429.98 638.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 460.67 638.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 478.58 638.25 Td (Citi ) Tj ET Q q 0 0 0 rg BT 500.39 638.25 Td (Revolver\). ) Tj ET Q q 0 0 0 rg BT 549.68 638.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.25 Td (April ) Tj ET Q q 0 0 0 rg BT 77.61 626.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 102.61 626.25 Td (we ) Tj ET Q q 0 0 0 rg BT 116.77 626.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 144.25 626.25 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 164.25 626.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 192.87 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.70 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.41 626.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 267.58 626.25 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.13 605.25 Td (following ) Tj ET Q q 0 0 0 rg BT 135.59 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 144.84 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 151.85 605.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 209.41 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.32 605.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 243.16 605.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 263.51 605.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 311.63 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.65 605.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 368.43 605.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 388.77 605.25 Td (as ) Tj ET Q q 0 0 0 rg BT 399.68 605.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.59 605.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 454.27 605.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.27 605.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.34 605.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 538.01 605.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.94 593.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 114.54 593.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.54 593.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 569.75 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 569.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 569.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 569.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 569.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 569.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 539.75 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 539.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 539.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 539.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 539.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 539.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 569.75 m 403.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 569.75 m 480.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 569.75 m 557.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 569.75 m 403.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 539.75 m 403.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 539.75 m 403.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 526.75 m 403.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 524.75 m 403.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 539.75 m 480.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 526.75 m 480.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 524.75 m 480.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 539.75 m 557.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 526.75 m 557.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 524.75 m 557.5 524.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 573.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 355.03 573.98 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.25 573.98 Td (December) Tj ET Q q 0 0 0 rg BT 445.82 573.98 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 573.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 508.96 573.98 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 566.35 105.25 -9.09 re f /GS0 gs q 0 0 0 rg BT 56.00 559.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 559.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 559.42 Td (4,693,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 559.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 559.42 Td (1,121,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 559.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 559.42 Td (2,348,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 544.42 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 544.42 Td (188,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 544.42 Td (178,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 544.42 Td (226,099) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 537.20 201.40 -8.93 re f /GS0 gs q 0 0 0 rg BT 56.00 530.43 Td (T) Tj ET Q q 0 0 0 rg BT 61.75 530.43 Td (otal cash, cash equivalents and r) Tj ET Q q 0 0 0 rg BT 199.36 530.43 Td (estricted cash) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.00 530.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.65 530.43 Td (4,882,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.00 530.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 530.43 Td (1,300,347) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 530.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.65 530.43 Td (2,574,231) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 502.25 Td (5. Flight equipment held for) Tj ET Q q 0 0 0 rg BT 173.55 502.25 Td ( operating leases, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 481.25 Td (Movements ) Tj ET Q q 0 0 0 rg BT 126.38 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.83 481.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 161.16 481.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 206.04 481.25 Td (held ) Tj ET Q q 0 0 0 rg BT 225.93 481.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.25 481.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 280.69 481.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 307.23 481.25 Td (during ) Tj ET Q q 0 0 0 rg BT 336.01 481.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.89 481.25 Td (three ) Tj ET Q q 0 0 0 rg BT 373.54 481.25 Td (months ) Tj ET Q q 0 0 0 rg BT 405.66 481.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 432.20 481.25 Td (March ) Tj ET Q q 0 0 0 rg BT 460.97 481.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 476.14 481.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.14 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.80 481.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.91 481.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.91 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.58 481.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 64.83 469.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 432.75 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 432.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 432.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 402.75 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 402.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 402.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 372.75 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 372.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 372.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 342.75 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 342.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 342.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 315.75 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 315.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 315.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 315.75 71.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 445.75 m 483.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 445.75 m 487.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 445.75 m 558.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 432.75 m 483.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 432.75 m 558.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 432.75 m 483.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 432.75 m 558.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 342.75 m 483.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 342.75 m 558.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 328.75 m 483.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 326.75 m 483.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 328.75 m 558.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 326.75 m 558.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 326.75 m 483.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 328.75 m 483.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 326.75 m 558.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 328.75 m 558.5 328.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.10 449.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 443.36 449.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 519.88 449.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 436.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.50 436.98 Td (2019) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 429.35 152.18 -9.09 re f /GS0 gs q 0 0 0 rg BT 57.00 422.42 Td (Net book value at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 422.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 422.42 Td (35,870,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 422.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.65 422.42 Td (35,052,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 407.42 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 407.42 Td (426,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 407.42 Td (1,225,140) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 399.35 51.64 -9.09 re f /GS0 gs q 0 0 0 rg BT 57.00 392.42 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.80 392.47 Td (\(409,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 392.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 392.47 Td (\(419,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 392.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 377.42 Td (Disposals and transfers to held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.80 377.47 Td (\(187,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 377.47 Td (\(757,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 369.35 277.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 57.00 362.42 Td (T) Tj ET Q q 0 0 0 rg BT 62.76 362.42 Td (ransfers to net investment in finance and sales-type leases/inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 362.47 Td (\(21,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 362.47 Td (\(12,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 347.42 Td (Impairment \(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 347.47 Td (\(8,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 347.47 Td (\(5,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 347.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 339.20 133.89 -8.93 re f /GS0 gs q 0 0 0 rg BT 57.00 332.43 Td (Net book value at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 332.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.65 332.43 Td (35,670,631) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 332.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.65 332.43 Td (35,082,698) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 312.35 232.43 -9.09 re f /GS0 gs q 0 0 0 rg BT 57.00 305.42 Td (Accumulated depreciation as of March 31, 2020 and 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 305.47 Td (\(7,794,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 305.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.30 305.47 Td (\(6,864,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 305.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 277.25 Td (6. ) Tj ET Q q 0 0 0 rg BT 64.00 277.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 81.49 277.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 130.65 277.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.49 277.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 175.10 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.72 277.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 237.88 277.25 Td (leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 256.25 Td (Components ) Tj ET Q q 0 0 0 rg BT 130.29 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.85 256.25 Td (net ) Tj ET Q q 0 0 0 rg BT 157.31 256.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 204.42 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 215.43 256.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 248.09 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.76 256.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 308.98 256.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 336.09 256.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.66 256.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.22 256.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 403.55 256.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.55 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.79 256.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.46 256.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 503.78 256.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.78 256.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.01 256.25 Td (were ) Tj ET Q q 0 0 0 rg BT 549.67 256.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 244.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 220.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 220.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 220.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 220.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 190.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 190.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 190.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 190.75 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 220.75 m 481.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 220.75 m 558.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 220.75 m 481.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 220.75 m 558.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 160.75 m 481.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 160.75 m 558.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 160.75 m 481.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 147.75 m 481.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 145.75 m 481.5 145.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 160.75 m 558.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 147.75 m 558.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 145.75 m 558.5 145.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 224.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 224.98 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 224.98 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 224.98 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 210.42 Td (Future minimum lease payments to be received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 210.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 210.42 Td (692,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 210.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 210.42 Td (715,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 195.42 Td (Estimated residual values of leased flight equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 195.42 Td (588,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 195.42 Td (577,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 180.42 Td (Less: Unearned income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 180.47 Td (\(269,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 180.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 180.47 Td (\(280,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 180.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 165.42 Td (Allowance for credit losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 165.47 Td (\(32,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 165.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 165.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 151.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 151.43 Td (978,783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 151.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.65 151.43 Td (1,01) Tj ET Q q 0 0 0 rg BT 532.15 151.43 Td (1,549) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 126.25 Td (During ) Tj ET Q q 0 0 0 rg BT 107.33 126.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.04 126.25 Td (three ) Tj ET Q q 0 0 0 rg BT 144.53 126.25 Td (months ) Tj ET Q q 0 0 0 rg BT 176.48 126.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.85 126.25 Td (March ) Tj ET Q q 0 0 0 rg BT 231.45 126.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 246.45 126.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.45 126.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.95 126.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.89 126.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.89 126.25 Td (, ) Tj ET Q q 0 0 0 rg BT 310.88 126.25 Td (we ) Tj ET Q q 0 0 0 rg BT 325.04 126.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 371.41 126.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.34 126.25 Td (income ) Tj ET Q q 0 0 0 rg BT 435.27 126.25 Td (from ) Tj ET Q q 0 0 0 rg BT 457.21 126.25 Td (net ) Tj ET Q q 0 0 0 rg BT 471.92 126.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 518.30 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 528.58 126.25 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 114.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 114.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 113.42 114.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 139.80 114.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.63 114.25 Td ($13.7 ) Tj ET Q q 0 0 0 rg BT 175.63 114.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.52 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.02 114.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.96 114.25 Td ($16.4 ) Tj ET Q q 0 0 0 rg BT 248.96 114.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.85 114.25 Td (, ) Tj ET Q q 0 0 0 rg BT 282.85 114.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 330.51 114.25 Td (, ) Tj ET Q q 0 0 0 rg BT 335.51 114.25 Td (included ) Tj ET Q q 0 0 0 rg BT 372.45 114.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.73 114.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 405.77 114.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 428.26 114.25 Td (rents. ) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (16) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 704.25 Td (. Intangibles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 683.25 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 112.05 683.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 139.55 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.17 683.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 181.22 683.25 Td (pr) Tj ET Q q 0 0 0 rg BT 191.04 683.25 Td (emium, ) Tj ET Q q 0 0 0 rg BT 225.47 683.25 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 662.25 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 130.64 662.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 155.92 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.86 662.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 195.34 662.25 Td (premium, ) Tj ET Q q 0 0 0 rg BT 236.45 662.25 Td (net ) Tj ET Q q 0 0 0 rg BT 251.16 662.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 290.88 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.71 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.43 662.25 Td (following ) Tj ET Q q 0 0 0 rg BT 357.81 662.25 Td (as ) Tj ET Q q 0 0 0 rg BT 368.64 662.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.47 662.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 423.07 662.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.07 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 445.57 662.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.51 662.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 521.09 662.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.09 662.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 639.75 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 639.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 639.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 639.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 613.75 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 613.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 613.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 613.75 73.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 639.75 m 481.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 639.75 m 481.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 639.75 m 558.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 613.75 m 481.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 613.75 m 558.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 613.75 m 481.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 601.75 m 481.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 599.75 m 481.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 613.75 m 558.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 601.75 m 558.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 599.75 m 558.5 599.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 643.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 643.83 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 643.83 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 643.83 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 630.32 Td (Maintenance rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 630.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 630.32 Td (761,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 630.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 630.32 Td (794,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 617.32 Td (Lease premium, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 617.32 Td (13,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 617.32 Td (14,817) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 604.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 604.48 Td (774,039) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 604.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 604.48 Td (809,615) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 580.25 Td (Movements ) Tj ET Q q 0 0 0 rg BT 126.22 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.50 580.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 189.52 580.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 214.80 580.25 Td (during ) Tj ET Q q 0 0 0 rg BT 243.41 580.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.13 580.25 Td (three ) Tj ET Q q 0 0 0 rg BT 280.61 580.25 Td (months ) Tj ET Q q 0 0 0 rg BT 312.56 580.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 338.94 580.25 Td (March ) Tj ET Q q 0 0 0 rg BT 367.54 580.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 382.54 580.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.54 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.04 580.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.97 580.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.97 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 444.47 580.25 Td (were ) Tj ET Q q 0 0 0 rg BT 466.40 580.25 Td (as ) Tj ET Q q 0 0 0 rg BT 477.23 580.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 544.75 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 544.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 544.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 544.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 518.75 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 518.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 518.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 518.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 492.75 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 492.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 492.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 492.75 73.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 556.75 m 481.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 556.75 m 485.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 556.75 m 558.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 544.75 m 481.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 544.75 m 558.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 544.75 m 481.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 544.75 m 558.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 479.75 m 481.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 466.75 m 481.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 464.75 m 481.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 479.75 m 558.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 466.75 m 558.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 464.75 m 558.5 464.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 560.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 441.29 560.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 517.81 560.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 548.83 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 548.83 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 535.32 Td (Maintenance rights at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 535.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 535.32 Td (794,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 535.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 535.32 Td (1,088,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 522.32 Td (EOL) Tj ET Q q 0 0 0 rg BT 76.25 522.32 Td ( and MR contract maintenance rights expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 522.37 Td (\(16,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 522.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 522.37 Td (\(21,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 522.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 509.32 Td (MR contract maintenance rights write-of) Tj ET Q q 0 0 0 rg BT 220.19 509.32 Td (f due to maintenance liability release) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 509.37 Td (\(467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 509.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 509.37 Td (\(3,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 509.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 496.32 Td (EOL) Tj ET Q q 0 0 0 rg BT 76.25 496.32 Td ( contract maintenance rights write-of) Tj ET Q q 0 0 0 rg BT 223.69 496.32 Td (f due to cash receipt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 496.37 Td (\(16,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 496.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 496.37 Td (\(26,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 496.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 483.32 Td (EOL) Tj ET Q q 0 0 0 rg BT 76.07 483.32 Td ( and MR contract maintenance rights write-of) Tj ET Q q 0 0 0 rg BT 258.60 483.32 Td (f due to sale of aircraft) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 483.37 Td (\(404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 483.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 483.37 Td (\(132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 483.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 470.43 Td (Maintenance rights at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 470.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 470.43 Td (761,001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 470.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.65 470.43 Td (1,035,757) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 448.25 Td (Other) Tj ET Q q 0 0 0 rg BT 79.37 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.87 448.25 Td (intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 427.25 Td (Other intangibles consisted of the following as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.46 427.25 Td (March31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.06 427.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.50 427.25 Td (December31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.08 427.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 403.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 403.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 403.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 403.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 373.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 373.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 373.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 373.75 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 403.75 m 481.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 403.75 m 558.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 403.75 m 481.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 358.75 m 481.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 345.75 m 481.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 343.75 m 481.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 358.75 m 558.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 345.75 m 558.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 343.75 m 558.5 343.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 408.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 408.43 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 408.43 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 408.43 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 393.42 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 393.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 393.42 Td (58,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 393.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 393.42 Td (58,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 378.42 Td (Customer relationships, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 378.42 Td (235,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 378.42 Td (240,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 363.42 Td (Contractual vendor intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 363.42 Td (8,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 363.42 Td (8,535) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 349.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 349.43 Td (302,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 349.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 349.43 Td (307,394) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 324.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.19 324.25 Td (following ) Tj ET Q q 0 0 0 rg BT 135.23 324.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 160.70 324.25 Td (present ) Tj ET Q q 0 0 0 rg BT 191.73 324.25 Td (details ) Tj ET Q q 0 0 0 rg BT 219.98 324.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.45 324.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 269.26 324.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 322.51 324.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.09 324.25 Td (related ) Tj ET Q q 0 0 0 rg BT 368.44 324.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 421.12 324.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 473.80 324.25 Td (as ) Tj ET Q q 0 0 0 rg BT 484.28 324.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.76 324.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 538.00 324.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 312.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.94 312.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 129.52 312.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.52 312.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 271.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 271.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 271.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 271.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 218.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 218.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 218.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 218.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 289.75 m 420.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 289.75 m 424.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 289.75 m 489.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 289.75 m 493.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 289.75 m 558.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 289.75 m 420.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 271.75 m 420.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 289.75 m 424.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 289.75 m 489.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 271.75 m 489.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 289.75 m 493.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 289.75 m 558.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 271.75 m 558.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 236.75 m 420.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 236.75 m 424.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 236.75 m 489.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 236.75 m 493.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 236.75 m 558.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 236.75 m 420.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 218.75 m 420.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 236.75 m 424.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 236.75 m 489.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 218.75 m 489.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 236.75 m 493.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 236.75 m 558.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 218.75 m 558.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 218.75 m 420.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 218.75 m 489.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 218.75 m 558.5 218.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.00 293.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 445.03 293.83 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.90 281.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 371.60 281.83 Td (oss carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.35 273.88 Td (amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.80 281.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 273.88 Td (amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.80 281.83 Td (Net carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.35 273.88 Td (amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 261.42 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 261.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 261.42 Td (360,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 261.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 261.47 Td (\(124,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 261.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 261.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 261.42 Td (235,471) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.25 240.83 Td (December) Tj ET Q q 0 0 0 rg BT 458.82 240.83 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.90 228.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 371.60 228.83 Td (oss carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.35 220.88 Td (amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.80 228.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 220.88 Td (amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.80 228.83 Td (Net carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.35 220.88 Td (amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 208.42 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 208.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 208.42 Td (360,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 208.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 208.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 458.13 208.47 Td (19,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 208.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 208.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 208.42 Td (240,765) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 183.25 Td (During ) Tj ET Q q 0 0 0 rg BT 107.54 183.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.46 183.25 Td (three ) Tj ET Q q 0 0 0 rg BT 145.15 183.25 Td (months ) Tj ET Q q 0 0 0 rg BT 177.31 183.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 203.90 183.25 Td (March ) Tj ET Q q 0 0 0 rg BT 232.70 183.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.91 183.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.91 183.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.62 183.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.76 183.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.76 183.25 Td (, ) Tj ET Q q 0 0 0 rg BT 312.97 183.25 Td (we ) Tj ET Q q 0 0 0 rg BT 327.34 183.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 365.02 183.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 418.27 183.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 453.18 183.25 Td (for ) Tj ET Q q 0 0 0 rg BT 467.55 183.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 506.91 183.25 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 171.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.83 171.25 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 84.83 171.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.72 171.25 Td (. ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (17) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 704.25 Td (. Flight equipment held for) Tj ET Q q 0 0 0 rg BT 173.55 704.25 Td ( sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 683.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 115.27 683.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.23 683.25 Td (an ) Tj ET Q q 0 0 0 rg BT 132.12 683.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 163.44 683.25 Td (is ) Tj ET Q q 0 0 0 rg BT 172.57 683.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 212.78 683.25 Td (as ) Tj ET Q q 0 0 0 rg BT 223.57 683.25 Td (held ) Tj ET Q q 0 0 0 rg BT 243.24 683.25 Td (for ) Tj ET Q q 0 0 0 rg BT 257.36 683.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 275.36 683.25 Td (when ) Tj ET Q q 0 0 0 rg BT 299.47 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.15 683.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 332.15 683.25 Td (is ) Tj ET Q q 0 0 0 rg BT 341.27 683.25 Td (probable, ) Tj ET Q q 0 0 0 rg BT 381.21 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.88 683.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 427.20 683.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.33 683.25 Td (available ) Tj ET Q q 0 0 0 rg BT 474.87 683.25 Td (for ) Tj ET Q q 0 0 0 rg BT 488.99 683.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 506.99 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.22 683.25 Td (its ) Tj ET Q q 0 0 0 rg BT 529.13 683.25 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 95.97 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.11 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.03 671.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 156.59 671.25 Td (is ) Tj ET Q q 0 0 0 rg BT 164.96 671.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 202.20 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.68 671.25 Td (be ) Tj ET Q q 0 0 0 rg BT 222.82 671.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 241.19 671.25 Td (within ) Tj ET Q q 0 0 0 rg BT 268.44 671.25 Td (one ) Tj ET Q q 0 0 0 rg BT 284.58 671.25 Td (year) Tj ET Q q 0 0 0 rg BT 301.24 671.25 Td (. ) Tj ET Q q 0 0 0 rg BT 305.06 671.25 Td (Aircraft ) Tj ET Q q 0 0 0 rg BT 338.41 671.25 Td (are ) Tj ET Q q 0 0 0 rg BT 352.32 671.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 399.55 671.25 Td (from ) Tj ET Q q 0 0 0 rg BT 420.69 671.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 444.05 671.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 487.97 671.25 Td (held ) Tj ET Q q 0 0 0 rg BT 506.88 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 520.25 671.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 80.21 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.32 659.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 114.31 659.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 158.86 659.25 Td (held ) Tj ET Q q 0 0 0 rg BT 178.41 659.25 Td (for ) Tj ET Q q 0 0 0 rg BT 192.40 659.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 210.28 659.25 Td (at ) Tj ET Q q 0 0 0 rg BT 219.83 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.37 659.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 259.47 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.14 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.68 659.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 315.88 659.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 351.52 659.25 Td (value ) Tj ET Q q 0 0 0 rg BT 375.51 659.25 Td (or ) Tj ET Q q 0 0 0 rg BT 386.17 659.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.38 659.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 428.87 659.25 Td (less ) Tj ET Q q 0 0 0 rg BT 446.20 659.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 468.53 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.64 659.25 Td (sell. ) Tj ET Q q 0 0 0 rg BT 497.36 659.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 551.33 659.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (no ) Tj ET Q q 0 0 0 rg BT 66.50 647.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 94.55 647.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 140.91 647.25 Td (for ) Tj ET Q q 0 0 0 rg BT 155.07 647.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 186.43 647.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 226.70 647.25 Td (as ) Tj ET Q q 0 0 0 rg BT 237.53 647.25 Td (held ) Tj ET Q q 0 0 0 rg BT 257.24 647.25 Td (for ) Tj ET Q q 0 0 0 rg BT 271.40 647.25 Td (sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 626.25 Td (As ) Tj ET Q q 0 0 0 rg BT 90.67 626.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.05 626.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 146.20 626.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.20 626.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.76 626.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.76 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 184.81 626.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 216.73 626.25 Td (with ) Tj ET Q q 0 0 0 rg BT 237.56 626.25 Td (a ) Tj ET Q q 0 0 0 rg BT 245.05 626.25 Td (total ) Tj ET Q q 0 0 0 rg BT 265.88 626.25 Td (net ) Tj ET Q q 0 0 0 rg BT 281.15 626.25 Td (book ) Tj ET Q q 0 0 0 rg BT 304.21 626.25 Td (value ) Tj ET Q q 0 0 0 rg BT 328.92 626.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.30 626.25 Td ($331.4 ) Tj ET Q q 0 0 0 rg BT 370.86 626.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.75 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.80 626.25 Td (met ) Tj ET Q q 0 0 0 rg BT 420.85 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.12 626.25 Td (held ) Tj ET Q q 0 0 0 rg BT 456.39 626.25 Td (for ) Tj ET Q q 0 0 0 rg BT 471.11 626.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 489.71 626.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 521.07 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.57 626.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 94.05 614.25 Td (as ) Tj ET Q q 0 0 0 rg BT 104.67 614.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 128.62 614.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 173.12 614.25 Td (held ) Tj ET Q q 0 0 0 rg BT 192.63 614.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.57 614.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 224.41 614.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.47 614.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.09 614.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 296.82 614.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 351.88 614.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 386.37 614.25 Td (Sheet. ) Tj ET Q q 0 0 0 rg BT 412.87 614.25 Td (Aggregate ) Tj ET Q q 0 0 0 rg BT 456.80 614.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 509.62 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.34 614.25 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 602.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 85.62 602.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.24 602.25 Td (received ) Tj ET Q q 0 0 0 rg BT 158.83 602.25 Td (from ) Tj ET Q q 0 0 0 rg BT 181.00 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.95 602.25 Td (lessees ) Tj ET Q q 0 0 0 rg BT 226.45 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.51 602.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 602.25 Td ($45 ) Tj ET Q q 0 0 0 rg BT 315.74 602.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.63 602.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.36 602.25 Td (will ) Tj ET Q q 0 0 0 rg BT 365.65 602.25 Td (be ) Tj ET Q q 0 0 0 rg BT 377.82 602.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 414.99 602.25 Td (by ) Tj ET Q q 0 0 0 rg BT 427.72 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.67 602.25 Td (buyers ) Tj ET Q q 0 0 0 rg BT 472.06 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.12 602.25 Td (these ) Tj ET Q q 0 0 0 rg BT 506.40 602.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 538.00 602.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 590.25 Td (consummation ) Tj ET Q q 0 0 0 rg BT 115.38 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.21 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.93 590.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 183.98 590.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 202.03 590.25 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 569.25 Td (As ) Tj ET Q q 0 0 0 rg BT 89.99 569.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.69 569.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 159.15 569.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.15 569.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.02 569.25 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.02 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.39 569.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 227.63 569.25 Td (with ) Tj ET Q q 0 0 0 rg BT 247.78 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 254.59 569.25 Td (total ) Tj ET Q q 0 0 0 rg BT 274.74 569.25 Td (net ) Tj ET Q q 0 0 0 rg BT 289.33 569.25 Td (book ) Tj ET Q q 0 0 0 rg BT 311.70 569.25 Td (value ) Tj ET Q q 0 0 0 rg BT 335.73 569.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.43 569.25 Td ($336.6 ) Tj ET Q q 0 0 0 rg BT 376.30 569.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.20 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.57 569.25 Td (met ) Tj ET Q q 0 0 0 rg BT 424.94 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.53 569.25 Td (held ) Tj ET Q q 0 0 0 rg BT 459.12 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.15 569.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 491.07 569.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 521.75 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.57 569.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 94.00 557.25 Td (as ) Tj ET Q q 0 0 0 rg BT 104.56 557.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 128.46 557.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 172.91 557.25 Td (held ) Tj ET Q q 0 0 0 rg BT 192.36 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.25 557.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 224.03 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.04 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 249.61 557.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 304.62 557.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 339.05 557.25 Td (Sheet. ) Tj ET Q q 0 0 0 rg BT 366.00 557.25 Td (During ) Tj ET Q q 0 0 0 rg BT 396.57 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.02 557.25 Td (first ) Tj ET Q q 0 0 0 rg BT 429.36 557.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 459.91 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.47 557.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 495.21 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.66 557.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 527.44 557.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 557.25 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 557.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 545.25 Td (those ) Tj ET Q q 0 0 0 rg BT 88.44 545.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 119.80 545.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 147.85 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.79 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.50 545.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 222.54 545.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 253.91 545.25 Td (were ) Tj ET Q q 0 0 0 rg BT 275.84 545.25 Td (held ) Tj ET Q q 0 0 0 rg BT 295.55 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.71 545.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 327.76 545.25 Td (as ) Tj ET Q q 0 0 0 rg BT 338.59 545.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.42 545.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 393.02 545.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.02 545.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 521.25 Td (. Other) Tj ET Q q 0 0 0 rg BT 89.37 521.25 Td ( assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 500.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 101.77 500.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.60 500.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 167.32 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.15 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.86 500.25 Td (following ) Tj ET Q q 0 0 0 rg BT 234.25 500.25 Td (as ) Tj ET Q q 0 0 0 rg BT 245.08 500.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.91 500.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 299.51 500.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.51 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.01 500.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.95 500.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 397.53 500.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.53 500.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 476.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 476.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 476.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 476.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 446.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 446.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 446.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 416.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 416.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 416.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 386.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 386.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 386.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 356.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 356.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 356.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 326.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 326.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 326.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 326.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 476.75 m 481.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 476.75 m 558.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 476.75 m 481.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 476.75 m 558.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 326.75 m 558.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 326.75 m 481.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 313.75 m 481.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 311.75 m 481.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 326.75 m 558.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 313.75 m 558.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 311.75 m 558.5 311.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 481.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 481.43 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 481.43 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 481.43 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 466.42 Td (Lease incentives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 466.42 Td (217,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 466.42 Td (239,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 451.42 Td (Notes receivable, net of allowance for credit losses \(a\) \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 451.42 Td (173,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 451.42 Td (87,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 436.42 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 436.42 Td (124,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 436.42 Td (123,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 421.42 Td (Straight-line rents, prepaid expenses and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 421.42 Td (103,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 421.42 Td (98,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 406.42 Td (Operating lease right of use assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 406.42 Td (43,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 406.42 Td (43,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 391.42 Td (Other tangible fixed assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 391.42 Td (25,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 391.42 Td (26,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 376.42 Td (Debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 376.42 Td (22,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 376.42 Td (26,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 361.42 Td (Derivative assets \(Note10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 361.42 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 361.42 Td (1) Tj ET Q q 0 0 0 rg BT 532.15 361.42 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 346.42 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 346.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 346.42 Td (3,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 331.42 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 331.42 Td (184,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 331.42 Td (355,502) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 317.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 317.43 Td (895,817) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 317.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.65 317.43 Td (1,015,476) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 302.75 m 172.5 302.75 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 287.55 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 287.55 Td (Notes ) Tj ET Q q 0 0 0 rg BT 94.91 287.55 Td (receivable ) Tj ET Q q 0 0 0 rg BT 133.79 287.55 Td (as ) Tj ET Q q 0 0 0 rg BT 143.20 287.55 Td (of ) Tj ET Q q 0 0 0 rg BT 152.61 287.55 Td (March ) Tj ET Q q 0 0 0 rg BT 178.01 287.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 191.17 287.55 Td (2020 ) Tj ET Q q 0 0 0 rg BT 211.08 287.55 Td (and ) Tj ET Q q 0 0 0 rg BT 225.99 287.55 Td (December ) Tj ET Q q 0 0 0 rg BT 264.88 287.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 278.04 287.55 Td (2019 ) Tj ET Q q 0 0 0 rg BT 297.95 287.55 Td (include ) Tj ET Q q 0 0 0 rg BT 326.35 287.55 Td ($141 ) Tj ET Q q 0 0 0 rg BT 346.26 287.55 Td (million ) Tj ET Q q 0 0 0 rg BT 374.18 287.55 Td (and ) Tj ET Q q 0 0 0 rg BT 389.08 287.55 Td ($49 ) Tj ET Q q 0 0 0 rg BT 404.49 287.55 Td (million, ) Tj ET Q q 0 0 0 rg BT 434.66 287.55 Td (respectively) Tj ET Q q 0 0 0 rg BT 477.55 287.55 Td (, ) Tj ET Q q 0 0 0 rg BT 481.72 287.55 Td (related ) Tj ET Q q 0 0 0 rg BT 508.11 287.55 Td (to ) Tj ET Q q 0 0 0 rg BT 517.02 287.55 Td (agreements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 275.85 Td (we ) Tj ET Q q 0 0 0 rg BT 85.20 275.85 Td (have ) Tj ET Q q 0 0 0 rg BT 104.90 275.85 Td (executed ) Tj ET Q q 0 0 0 rg BT 139.59 275.85 Td (with ) Tj ET Q q 0 0 0 rg BT 158.30 275.85 Td (customers ) Tj ET Q q 0 0 0 rg BT 197.51 275.85 Td (to ) Tj ET Q q 0 0 0 rg BT 207.22 275.85 Td (reschedule ) Tj ET Q q 0 0 0 rg BT 248.41 275.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 275.60 275.85 Td (lease ) Tj ET Q q 0 0 0 rg BT 296.30 275.85 Td (payments ) Tj ET Q q 0 0 0 rg BT 333.50 275.85 Td (under ) Tj ET Q q 0 0 0 rg BT 356.70 275.85 Td (our ) Tj ET Q q 0 0 0 rg BT 371.41 275.85 Td (leases ) Tj ET Q q 0 0 0 rg BT 395.61 275.85 Td (that ) Tj ET Q q 0 0 0 rg BT 411.82 275.85 Td (are ) Tj ET Q q 0 0 0 rg BT 425.51 275.85 Td (due ) Tj ET Q q 0 0 0 rg BT 441.22 275.85 Td (at ) Tj ET Q q 0 0 0 rg BT 450.42 275.85 Td (the ) Tj ET Q q 0 0 0 rg BT 464.13 275.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 499.83 275.85 Td (dates ) Tj ET Q q 0 0 0 rg BT 521.03 275.85 Td (\(Deferral ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 264.15 Td (Agreements\). ) Tj ET Q q 0 0 0 rg BT 127.25 264.15 Td (Notes ) Tj ET Q q 0 0 0 rg BT 150.77 264.15 Td (receivable ) Tj ET Q q 0 0 0 rg BT 190.27 264.15 Td (as ) Tj ET Q q 0 0 0 rg BT 200.29 264.15 Td (of ) Tj ET Q q 0 0 0 rg BT 210.31 264.15 Td (March ) Tj ET Q q 0 0 0 rg BT 236.33 264.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 250.10 264.15 Td (2020 ) Tj ET Q q 0 0 0 rg BT 270.63 264.15 Td (and ) Tj ET Q q 0 0 0 rg BT 286.15 264.15 Td (December ) Tj ET Q q 0 0 0 rg BT 325.65 264.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 339.42 264.15 Td (2019 ) Tj ET Q q 0 0 0 rg BT 359.95 264.15 Td (also ) Tj ET Q q 0 0 0 rg BT 376.97 264.15 Td (include ) Tj ET Q q 0 0 0 rg BT 405.98 264.15 Td ($32 ) Tj ET Q q 0 0 0 rg BT 422.01 264.15 Td (million ) Tj ET Q q 0 0 0 rg BT 450.54 264.15 Td (and ) Tj ET Q q 0 0 0 rg BT 466.06 264.15 Td ($39 ) Tj ET Q q 0 0 0 rg BT 482.08 264.15 Td (million, ) Tj ET Q q 0 0 0 rg BT 512.86 264.15 Td (respectively) Tj ET Q q 0 0 0 rg BT 555.75 264.15 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 252.45 Td (related ) Tj ET Q q 0 0 0 rg BT 98.73 252.45 Td (to ) Tj ET Q q 0 0 0 rg BT 107.98 252.45 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 136.21 252.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 152.45 252.45 Td (transactions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 237.75 Td (\(b\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 237.75 Td (As ) Tj ET Q q 0 0 0 rg BT 84.09 237.75 Td (of ) Tj ET Q q 0 0 0 rg BT 93.67 237.75 Td (March ) Tj ET Q q 0 0 0 rg BT 119.24 237.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 132.57 237.75 Td (2020, ) Tj ET Q q 0 0 0 rg BT 154.91 237.75 Td (we ) Tj ET Q q 0 0 0 rg BT 167.49 237.75 Td (had ) Tj ET Q q 0 0 0 rg BT 182.56 237.75 Td (a ) Tj ET Q q 0 0 0 rg BT 188.64 237.75 Td ($6.4 ) Tj ET Q q 0 0 0 rg BT 206.48 237.75 Td (million ) Tj ET Q q 0 0 0 rg BT 234.56 237.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 273.13 237.75 Td (for ) Tj ET Q q 0 0 0 rg BT 285.70 237.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 308.28 237.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 331.86 237.75 Td (on ) Tj ET Q q 0 0 0 rg BT 342.95 237.75 Td (notes ) Tj ET Q q 0 0 0 rg BT 364.03 237.75 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 404.87 237.75 Td (As ) Tj ET Q q 0 0 0 rg BT 416.96 237.75 Td (of ) Tj ET Q q 0 0 0 rg BT 426.54 237.75 Td (December ) Tj ET Q q 0 0 0 rg BT 465.60 237.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 478.93 237.75 Td (2019, ) Tj ET Q q 0 0 0 rg BT 501.27 237.75 Td (we ) Tj ET Q q 0 0 0 rg BT 513.85 237.75 Td (did ) Tj ET Q q 0 0 0 rg BT 527.43 237.75 Td (not ) Tj ET Q q 0 0 0 rg BT 541.01 237.75 Td (have ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 226.05 Td (an ) Tj ET Q q 0 0 0 rg BT 82.74 226.05 Td (allowance ) Tj ET Q q 0 0 0 rg BT 121.47 226.05 Td (for ) Tj ET Q q 0 0 0 rg BT 134.22 226.05 Td (credit ) Tj ET Q q 0 0 0 rg BT 156.96 226.05 Td (losses ) Tj ET Q q 0 0 0 rg BT 180.71 226.05 Td (on ) Tj ET Q q 0 0 0 rg BT 191.96 226.05 Td (notes ) Tj ET Q q 0 0 0 rg BT 213.21 226.05 Td (receivables. ) Tj ET Q q 0 0 0 rg BT 258.18 226.05 Td (Please ) Tj ET Q q 0 0 0 rg BT 283.42 226.05 Td (refer ) Tj ET Q q 0 0 0 rg BT 302.65 226.05 Td (to ) Tj ET Q q 0 0 0 rg BT 311.90 226.05 Td (Note ) Tj ET Q q 0 0 0 rg BT 331.65 226.05 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.65 226.05 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 389.89 226.05 Td (for ) Tj ET Q q 0 0 0 rg BT 402.64 226.05 Td (cr) Tj ET Q q 0 0 0 rg BT 409.80 226.05 Td (edit ) Tj ET Q q 0 0 0 rg BT 425.55 226.05 Td (losses ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.30 226.05 Td (for ) Tj ET Q q 0 0 0 rg BT 462.05 226.05 Td (further ) Tj ET Q q 0 0 0 rg BT 488.78 226.05 Td (details.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 196.35 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 196.35 Td (. ) Tj ET Q q 0 0 0 rg BT 69.00 196.35 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 115.92 196.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.65 196.35 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 175.35 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 175.35 Td (e ) Tj ET Q q 0 0 0 rg BT 92.34 175.35 Td (have ) Tj ET Q q 0 0 0 rg BT 113.98 175.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 146.17 175.35 Td (into ) Tj ET Q q 0 0 0 rg BT 164.49 175.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 196.69 175.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 214.43 175.35 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 261.07 175.35 Td (to ) Tj ET Q q 0 0 0 rg BT 271.61 175.35 Td (hedge ) Tj ET Q q 0 0 0 rg BT 298.25 175.35 Td (the ) Tj ET Q q 0 0 0 rg BT 313.23 175.35 Td (current ) Tj ET Q q 0 0 0 rg BT 344.31 175.35 Td (and ) Tj ET Q q 0 0 0 rg BT 361.51 175.35 Td (future ) Tj ET Q q 0 0 0 rg BT 388.16 175.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 420.35 175.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 438.10 175.35 Td (payments ) Tj ET Q q 0 0 0 rg BT 479.19 175.35 Td (on ) Tj ET Q q 0 0 0 rg BT 491.95 175.35 Td (our ) Tj ET Q q 0 0 0 rg BT 508.05 175.35 Td (variable ) Tj ET Q q 0 0 0 rg BT 543.01 175.35 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 163.35 Td (debt. ) Tj ET Q q 0 0 0 rg BT 76.04 163.35 Td (These ) Tj ET Q q 0 0 0 rg BT 102.41 163.35 Td (derivative ) Tj ET Q q 0 0 0 rg BT 144.89 163.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.37 163.35 Td (instruments ) Tj ET Q q 0 0 0 rg BT 231.54 163.35 Td (can ) Tj ET Q q 0 0 0 rg BT 247.92 163.35 Td (include ) Tj ET Q q 0 0 0 rg BT 279.85 163.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 311.78 163.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 329.27 163.35 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 358.71 163.35 Td (caps, ) Tj ET Q q 0 0 0 rg BT 381.48 163.35 Td (floors, ) Tj ET Q q 0 0 0 rg BT 409.81 163.35 Td (options ) Tj ET Q q 0 0 0 rg BT 441.76 163.35 Td (and ) Tj ET Q q 0 0 0 rg BT 458.70 163.35 Td (forward ) Tj ET Q q 0 0 0 rg BT 492.85 163.35 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 142.35 Td (As ) Tj ET Q q 0 0 0 rg BT 89.74 142.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.19 142.35 Td (March31, ) Tj ET Q q 0 0 0 rg BT 143.41 142.35 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.41 142.35 Td (, ) Tj ET Q q 0 0 0 rg BT 168.03 142.35 Td (we ) Tj ET Q q 0 0 0 rg BT 181.82 142.35 Td (had ) Tj ET Q q 0 0 0 rg BT 198.38 142.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 229.94 142.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 247.04 142.35 Td (caps ) Tj ET Q q 0 0 0 rg BT 266.94 142.35 Td (and ) Tj ET Q q 0 0 0 rg BT 283.50 142.35 Td (swaps ) Tj ET Q q 0 0 0 rg BT 310.06 142.35 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 361.35 142.35 Td (with ) Tj ET Q q 0 0 0 rg BT 381.25 142.35 Td (underlying ) Tj ET Q q 0 0 0 rg BT 426.70 142.35 Td (variable ) Tj ET Q q 0 0 0 rg BT 461.03 142.35 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 507.57 142.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 539.13 142.35 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 130.35 Td (ranging ) Tj ET Q q 0 0 0 rg BT 87.05 130.35 Td (from ) Tj ET Q q 0 0 0 rg BT 108.99 130.35 Td (one ) Tj ET Q q 0 0 0 rg BT 125.92 130.35 Td (to ) Tj ET Q q 0 0 0 rg BT 136.20 130.35 Td (six-month ) Tj ET Q q 0 0 0 rg BT 179.26 130.35 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 199.54 130.35 Td (dollar ) Tj ET Q q 0 0 0 rg BT 225.37 130.35 Td (LIBOR.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 109.35 Td (Some ) Tj ET Q q 0 0 0 rg BT 101.74 109.35 Td (of ) Tj ET Q q 0 0 0 rg BT 112.54 109.35 Td (our ) Tj ET Q q 0 0 0 rg BT 128.34 109.35 Td (agreements ) Tj ET Q q 0 0 0 rg BT 176.33 109.35 Td (with ) Tj ET Q q 0 0 0 rg BT 196.58 109.35 Td (derivative ) Tj ET Q q 0 0 0 rg BT 239.02 109.35 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 298.13 109.35 Td (require ) Tj ET Q q 0 0 0 rg BT 328.91 109.35 Td (a ) Tj ET Q q 0 0 0 rg BT 335.82 109.35 Td (two-way ) Tj ET Q q 0 0 0 rg BT 373.27 109.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 393.51 109.35 Td (collateralization ) Tj ET Q q 0 0 0 rg BT 460.38 109.35 Td (of ) Tj ET Q q 0 0 0 rg BT 471.18 109.35 Td (derivative ) Tj ET Q q 0 0 0 rg BT 513.62 109.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.97 109.35 Td (values. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 97.35 Td (As ) Tj ET Q q 0 0 0 rg BT 66.81 97.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.84 97.35 Td (March31, ) Tj ET Q q 0 0 0 rg BT 119.64 97.35 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.64 97.35 Td ( ) Tj ET Q q 0 0 0 rg BT 141.34 97.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.48 97.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 215.26 97.35 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.26 97.35 Td (, ) Tj ET Q q 0 0 0 rg BT 239.46 97.35 Td (we ) Tj ET Q q 0 0 0 rg BT 252.82 97.35 Td (had ) Tj ET Q q 0 0 0 rg BT 268.96 97.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 288.42 97.35 Td (collateral ) Tj ET Q q 0 0 0 rg BT 327.32 97.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.35 97.35 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 356.55 97.35 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.44 97.35 Td ( ) Tj ET Q q 0 0 0 rg BT 387.14 97.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.28 97.35 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 422.48 97.35 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.37 97.35 Td (, ) Tj ET Q q 0 0 0 rg BT 455.57 97.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 503.23 97.35 Td (, ) Tj ET Q q 0 0 0 rg BT 507.43 97.35 Td (from ) Tj ET Q q 0 0 0 rg BT 528.57 97.35 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 85.35 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 112.06 85.35 Td (and ) Tj ET Q q 0 0 0 rg BT 127.93 85.35 Td (the ) Tj ET Q q 0 0 0 rg BT 141.57 85.35 Td (obligation ) Tj ET Q q 0 0 0 rg BT 183.54 85.35 Td (to ) Tj ET Q q 0 0 0 rg BT 192.74 85.35 Td (return ) Tj ET Q q 0 0 0 rg BT 218.04 85.35 Td (such ) Tj ET Q q 0 0 0 rg BT 237.80 85.35 Td (collateral ) Tj ET Q q 0 0 0 rg BT 276.42 85.35 Td (was ) Tj ET Q q 0 0 0 rg BT 293.39 85.35 Td (recorded ) Tj ET Q q 0 0 0 rg BT 329.79 85.35 Td (in ) Tj ET Q q 0 0 0 rg BT 338.99 85.35 Td (accounts ) Tj ET Q q 0 0 0 rg BT 375.40 85.35 Td (payable, ) Tj ET Q q 0 0 0 rg BT 410.42 85.35 Td (accrued ) Tj ET Q q 0 0 0 rg BT 442.93 85.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 480.45 85.35 Td (and ) Tj ET Q q 0 0 0 rg BT 496.31 85.35 Td (other ) Tj ET Q q 0 0 0 rg BT 518.28 85.35 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 73.35 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 73.35 Td (e ) Tj ET Q q 0 0 0 rg BT 69.58 73.35 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.51 73.35 Td (not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.29 73.35 Td ( ) Tj ET Q q 0 0 0 rg BT 101.79 73.35 Td (advanced ) Tj ET Q q 0 0 0 rg BT 142.05 73.35 Td (any ) Tj ET Q q 0 0 0 rg BT 158.99 73.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.25 73.35 Td (collateral ) Tj ET Q q 0 0 0 rg BT 218.95 73.35 Td (to ) Tj ET Q q 0 0 0 rg BT 229.23 73.35 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 288.37 73.35 Td (as ) Tj ET Q q 0 0 0 rg BT 299.20 73.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.03 73.35 Td (March31, ) Tj ET Q q 0 0 0 rg BT 353.63 73.35 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.63 73.35 Td ( ) Tj ET Q q 0 0 0 rg BT 376.13 73.35 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.96 73.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 445.54 73.35 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.54 73.35 Td (.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 10. Derivative financial instruments \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (18) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.68 686.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 153.95 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.36 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 180.32 686.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.38 686.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 230.00 686.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 276.50 686.10 Td (are ) Tj ET Q q 0 0 0 rg BT 291.34 686.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 331.18 686.10 Td (major ) Tj ET Q q 0 0 0 rg BT 357.14 686.10 Td (international ) Tj ET Q q 0 0 0 rg BT 410.31 686.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 447.92 686.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 497.31 686.10 Td (W) Tj ET Q q 0 0 0 rg BT 505.95 686.10 Td (e ) Tj ET Q q 0 0 0 rg BT 513.02 686.10 Td (continually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 88.40 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.46 674.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 143.32 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.49 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.44 674.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 200.94 674.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 230.89 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.95 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.91 674.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 316.28 674.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 354.01 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.18 674.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 392.81 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.76 674.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 440.49 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.55 674.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 477.05 674.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 515.88 674.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.40 674.10 Td (any ) Tj ET Q q 0 0 0 rg BT 543.57 674.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (party) Tj ET Q q 0 0 0 rg BT 73.90 662.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.90 662.10 Td (W) Tj ET Q q 0 0 0 rg BT 87.54 662.10 Td (e ) Tj ET Q q 0 0 0 rg BT 94.68 662.10 Td (could ) Tj ET Q q 0 0 0 rg BT 119.60 662.10 Td (be ) Tj ET Q q 0 0 0 rg BT 131.74 662.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 167.21 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.69 662.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 215.38 662.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 241.98 662.10 Td (due ) Tj ET Q q 0 0 0 rg BT 259.12 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.60 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.51 662.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 309.98 662.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 327.68 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.71 662.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 410.27 662.10 Td (by ) Tj ET Q q 0 0 0 rg BT 422.97 662.10 Td (these ) Tj ET Q q 0 0 0 rg BT 446.22 662.10 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 507.86 662.10 Td (W) Tj ET Q q 0 0 0 rg BT 516.50 662.10 Td (e ) Tj ET Q q 0 0 0 rg BT 523.64 662.10 Td (have ) Tj ET Q q 0 0 0 rg BT 545.22 662.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 104.80 650.10 Td (any ) Tj ET Q q 0 0 0 rg BT 121.74 650.10 Td (material ) Tj ET Q q 0 0 0 rg BT 157.00 650.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 183.39 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.67 650.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 629.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.65 629.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 137.24 629.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 163.17 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.98 629.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 215.55 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.93 629.10 Td (other ) Tj ET Q q 0 0 0 rg BT 249.08 629.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 275.01 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.05 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.98 629.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 350.57 629.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 390.38 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.19 629.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 442.77 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.15 629.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 490.74 629.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 526.93 629.10 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 93.00 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.34 617.10 Td (other ) Tj ET Q q 0 0 0 rg BT 133.78 617.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 173.90 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.58 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.81 617.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 248.14 617.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 303.82 617.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 338.92 617.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 370.22 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 388.66 617.10 Td (following ) Tj ET Q q 0 0 0 rg BT 430.45 617.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 456.67 617.10 Td (present ) Tj ET Q q 0 0 0 rg BT 488.45 617.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 524.12 617.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 605.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 87.32 605.10 Td (values ) Tj ET Q q 0 0 0 rg BT 115.36 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.19 605.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 172.56 605.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 221.73 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 232.56 605.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.39 605.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 286.99 605.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.99 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.49 605.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.43 605.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 385.01 605.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.01 605.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 568.60 212.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 568.60 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 568.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 568.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 568.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 568.60 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 568.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 568.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 528.60 212.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 528.60 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 528.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 528.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 528.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 528.60 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 528.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 528.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 488.60 212.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 488.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 488.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 488.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 488.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 581.6 m 341.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 581.6 m 345.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 581.6 m 410.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 581.6 m 489.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 581.6 m 341.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 568.6 m 341.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 581.6 m 345.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 581.6 m 410.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 568.6 m 410.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 581.6 m 489.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 568.6 m 489.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 581.6 m 493.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 581.6 m 558.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 568.6 m 558.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 568.6 m 341.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 568.6 m 410.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 568.6 m 489.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 568.6 m 558.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 473.6 m 410.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 473.6 m 558.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 473.6 m 410.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 460.6 m 410.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 458.6 m 410.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 473.6 m 558.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 460.6 m 558.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 458.6 m 558.5 458.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.50 586.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 326.53 586.28 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 586.28 Td (December) Tj ET Q q 0 0 0 rg BT 488.25 586.28 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.05 572.83 Td (Notional amount \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.10 572.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 374.69 572.83 Td ( value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.05 572.83 Td (Notional amount \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.10 572.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 522.62 572.83 Td ( value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 558.27 Td (Derivative assets not designated as accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 548.27 Td (hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 533.27 Td (Interest rate caps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 533.27 Td (2,492,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 533.27 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 533.27 Td (2,442,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 533.27 Td (3,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 518.27 Td (Derivative assets designated as accounting cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 508.27 Td (flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 493.27 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 493.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 493.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 493.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 493.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 493.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 493.27 Td (488,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 493.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 493.27 Td (1,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 478.27 Td (Interest rate caps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 478.27 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 478.27 Td (1,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 478.27 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 478.27 Td (6,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 464.28 Td (T) Tj ET Q q 0 0 0 rg BT 62.75 464.28 Td (otal derivative assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.00 464.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 464.28 Td (1,839) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 464.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 464.28 Td (1) Tj ET Q q 0 0 0 rg BT 532.15 464.28 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 449.6 m 172.5 449.6 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 435.30 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 435.30 Td (The notional amount is excluded for caps and swaps which are not yet ef) Tj ET Q q 0 0 0 rg BT 334.01 435.30 Td (fective. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 392.80 212.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 392.80 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 392.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 392.80 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 392.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 392.80 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 392.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 392.80 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 352.80 212.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 352.80 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 352.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 352.80 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 352.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 352.80 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 352.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 352.80 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 312.80 212.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 312.80 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 312.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 312.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 312.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 312.80 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 312.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 312.80 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 405.8 m 340.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 405.8 m 344.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 405.8 m 409.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 405.8 m 488.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 405.8 m 340.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 405.8 m 344.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 405.8 m 409.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 405.8 m 488.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 392.8 m 488.5 392.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 405.8 m 492.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 405.8 m 557.5 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 392.8 m 340.5 392.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 392.8 m 409.5 392.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 392.8 m 557.5 392.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 312.8 m 409.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 312.8 m 409.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 298.8 m 409.5 298.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 296.8 m 409.5 296.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 312.8 m 557.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 298.8 m 557.5 298.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 296.8 m 557.5 296.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.50 410.48 Td (Mar) Tj ET Q q 0 0 0 rg BT 325.53 410.48 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.75 410.48 Td (December) Tj ET Q q 0 0 0 rg BT 487.25 410.48 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.05 397.03 Td (Notional amount \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.10 397.03 Td (Fair) Tj ET Q q 0 0 0 rg BT 373.69 397.03 Td ( value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.05 397.03 Td (Notional amount \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.10 397.03 Td (Fair) Tj ET Q q 0 0 0 rg BT 521.62 397.03 Td ( value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 382.47 Td (Derivative liabilities not designated as cash flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 372.47 Td (hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 357.47 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 357.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 357.47 Td (300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 357.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 357.47 Td (15,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 357.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 357.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 357.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 357.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 342.47 Td (Derivative liabilities designated as accounting cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 332.47 Td (flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 317.47 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 317.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 317.47 Td (3,609,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 317.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 317.47 Td (177,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 317.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 317.47 Td (3,776,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 317.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 317.47 Td (97,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 302.48 Td (T) Tj ET Q q 0 0 0 rg BT 61.75 302.48 Td (otal derivative liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 302.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 302.48 Td (192,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 302.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 302.48 Td (97,066) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 287.8 m 172.5 287.8 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 272.60 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 272.60 Td (The notional amount is excluded for swaps which are not yet ef) Tj ET Q q 0 0 0 rg BT 300.52 272.60 Td (fective. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 251.60 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 251.60 Td (e ) Tj ET Q q 0 0 0 rg BT 92.58 251.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 130.55 251.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.77 251.60 Td (following ) Tj ET Q q 0 0 0 rg BT 187.66 251.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.44 251.60 Td (other ) Tj ET Q q 0 0 0 rg BT 221.98 251.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 285.52 251.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 304.08 251.60 Td (related ) Tj ET Q q 0 0 0 rg BT 334.28 251.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.06 251.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 388.04 251.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.02 251.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 475.69 251.60 Td (for ) Tj ET Q q 0 0 0 rg BT 490.35 251.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.56 251.60 Td (three ) Tj ET Q q 0 0 0 rg BT 528.55 251.60 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 239.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 239.60 Td (March ) Tj ET Q q 0 0 0 rg BT 108.98 239.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.98 239.60 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.98 239.60 Td ( ) Tj ET Q q 0 0 0 rg BT 146.48 239.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.41 239.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.41 239.60 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 203.10 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 203.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 203.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 203.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 163.10 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 163.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 163.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 163.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 133.10 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 133.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 133.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 133.10 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 216.10000000000002 m 481.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 216.10000000000002 m 485.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 216.10000000000002 m 558.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 216.10000000000002 m 481.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 203.10000000000002 m 481.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 216.10000000000002 m 485.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 216.10000000000002 m 558.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 203.10000000000002 m 558.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 203.10000000000002 m 558.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 118.10000000000002 m 481.5 118.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 118.10000000000002 m 558.5 118.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 118.10000000000002 m 481.5 118.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 104.10000000000002 m 481.5 104.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 102.10000000000002 m 481.5 102.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 118.10000000000002 m 558.5 118.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 104.10000000000002 m 558.5 104.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 102.10000000000002 m 558.5 102.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 220.33 Td (Thr) Tj ET Q q 0 0 0 rg BT 441.36 220.33 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 517.88 220.33 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 207.33 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 207.33 Td (2019) Tj ET Q BT /F4 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 199.55 48.61 -8.93 re f /GS0 gs q 0 0 0 rg BT 57.00 192.78 Td (Gain \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 177.77 Td (Ef) Tj ET Q q 0 0 0 rg BT 66.26 177.77 Td (fective portion of change in fair market value of derivatives designated as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 167.77 Td (accounting cash flow hedges:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 159.70 74.41 -9.09 re f /GS0 gs q 0 0 0 rg BT 66.00 152.77 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 152.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 152.82 Td (\(87,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 152.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 152.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 152.82 Td (\(40,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 152.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 137.77 Td (Interest rate caps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 137.82 Td (\(4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 137.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 137.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 122.77 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 111.79 122.77 Td (fect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 122.77 Td (1) Tj ET Q q 0 0 0 rg BT 455.15 122.77 Td (1,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 122.77 Td (5,092) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 107.78 Td (Net changes in cash flow hedges, net of tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 107.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.80 107.83 Td (\(80,994) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 107.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 107.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.80 107.83 Td (\(35,646) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.65 107.78 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 10. Derivative financial instruments \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (19) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 686.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.85 686.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 120.22 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.28 686.10 Td (reclassify ) Tj ET Q q 0 0 0 rg BT 170.87 686.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.91 686.10 Td ($57 ) Tj ET Q q 0 0 0 rg BT 248.18 686.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.08 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.35 686.10 Td (from ) Tj ET Q q 0 0 0 rg BT 301.07 686.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 353.87 686.10 Td (other ) Tj ET Q q 0 0 0 rg BT 376.70 686.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 439.50 686.10 Td (income ) Tj ET Q q 0 0 0 rg BT 471.21 686.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 495.71 686.10 Td (\(AOCI\) ) Tj ET Q q 0 0 0 rg BT 537.97 686.10 Td (as ) Tj ET Q q 0 0 0 rg BT 548.58 686.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 89.50 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.02 674.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 132.20 674.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 167.15 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.67 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.74 674.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 240.92 674.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 296.44 674.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 329.17 674.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 375.79 674.10 Td (over ) Tj ET Q q 0 0 0 rg BT 396.30 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.26 674.10 Td (next ) Tj ET Q q 0 0 0 rg BT 431.22 674.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 443.97 674.10 Td (months.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.92 674.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.66 674.10 Td (The ) Tj ET Q q 0 0 0 rg BT 496.95 674.10 Td (following ) Tj ET Q q 0 0 0 rg BT 538.58 674.10 Td (table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 89.83 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.12 662.10 Td (ef) Tj ET Q q 0 0 0 rg BT 112.71 662.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 130.76 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.15 662.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 189.09 662.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 227.13 662.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.53 662.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 283.25 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.10 662.10 Td (or ) Tj ET Q q 0 0 0 rg BT 305.49 662.10 Td (\(increases\) ) Tj ET Q q 0 0 0 rg BT 351.87 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.71 662.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 395.21 662.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 430.48 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.33 662.10 Td (our ) Tj ET Q q 0 0 0 rg BT 457.73 662.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 505.23 662.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 86.49 650.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 132.87 650.10 Td (for ) Tj ET Q q 0 0 0 rg BT 147.03 650.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.74 650.10 Td (three ) Tj ET Q q 0 0 0 rg BT 184.23 650.10 Td (months ) Tj ET Q q 0 0 0 rg BT 216.18 650.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 242.55 650.10 Td (March ) Tj ET Q q 0 0 0 rg BT 271.15 650.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 286.15 650.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.65 650.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.59 650.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.59 650.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 613.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 613.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 613.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 613.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 583.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 583.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 583.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 583.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 553.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 553.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 553.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 553.60 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 626.6 m 481.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 626.6 m 485.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 626.6 m 558.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 626.6 m 481.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 613.6 m 481.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 626.6 m 485.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 626.6 m 558.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 613.6 m 558.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 613.6 m 558.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 538.6 m 481.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 538.6 m 558.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 538.6 m 481.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 524.6 m 481.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 522.6 m 481.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 538.6 m 558.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 524.6 m 558.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 522.6 m 558.5 522.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 630.83 Td (Thr) Tj ET Q q 0 0 0 rg BT 441.36 630.83 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 517.88 630.83 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 617.83 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 617.83 Td (2019) Tj ET Q BT /F4 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 610.05 48.61 -8.93 re f /GS0 gs q 0 0 0 rg BT 57.00 603.28 Td (Gain \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 588.27 Td (Derivatives not designated as accounting hedges:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 580.20 111.62 -9.09 re f /GS0 gs q 0 0 0 rg BT 66.00 573.27 Td (Interest rate caps and swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 573.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 573.32 Td (\(12,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 573.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 573.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 573.32 Td (\(15,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 573.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 558.27 Td (Reclassification to Condensed Consolidated Income Statements:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 66.00 550.20 247.72 -9.09 re f /GS0 gs q 0 0 0 rg BT 66.00 543.27 Td (Reclassification of amounts previously recorded within ) Tj ET Q q 0 0 0 rg BT 289.28 543.27 Td (AOCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 543.32 Td (\(5,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 543.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 543.27 Td (3,931) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 528.28 Td (Effect fr) Tj ET Q q 0 0 0 rg BT 92.63 528.28 Td (om derivatives on inter) Tj ET Q q 0 0 0 rg BT 191.04 528.28 Td (est expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 528.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.80 528.33 Td (\(18,013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 528.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 528.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.80 528.33 Td (\(1) Tj ET Q q 0 0 0 rg BT 532.13 528.33 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.65 528.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 495.10 Td (1) Tj ET Q q 0 0 0 rg BT 58.45 495.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.45 495.10 Td (. ) Tj ET Q q 0 0 0 rg BT 67.90 495.10 Td (Accounts payable, accrued expenses and other) Tj ET Q q 0 0 0 rg BT 265.49 495.10 Td ( liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 474.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 115.88 474.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 151.09 474.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 183.79 474.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 221.50 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.55 474.10 Td (other ) Tj ET Q q 0 0 0 rg BT 259.71 474.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 298.54 474.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 337.37 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.32 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.15 474.10 Td (following ) Tj ET Q q 0 0 0 rg BT 401.65 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.59 474.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.54 474.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 464.25 474.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.25 474.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.86 474.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.92 474.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 462.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 462.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 438.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 438.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 438.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 408.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 408.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 408.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 378.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 378.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 378.60 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 438.6 m 481.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 438.6 m 558.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 438.6 m 481.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 438.6 m 558.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 363.6 m 481.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 350.6 m 481.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 348.6 m 481.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 363.6 m 558.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 350.6 m 558.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 348.6 m 558.5 348.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 442.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 442.83 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 442.83 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 442.83 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 428.27 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 428.27 Td (362,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 428.27 Td (389,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 413.27 Td (Accrued interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 413.27 Td (263,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 413.27 Td (255,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 398.27 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 398.27 Td (240,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 398.27 Td (239,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 383.27 Td (Derivative liabilities \(Note10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 383.27 Td (192,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 383.27 Td (97,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 368.27 Td (Operating lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 368.27 Td (49,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 368.27 Td (51,144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 354.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 354.28 Td (1,108,037) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 354.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.65 354.28 Td (1,032,623) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 321.10 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 321.10 Td (. ) Tj ET Q q 0 0 0 rg BT 68.45 321.10 Td (Accrued maintenance liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 300.10 Td (Movements ) Tj ET Q q 0 0 0 rg BT 126.22 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.50 300.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 170.08 300.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 223.11 300.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 256.71 300.10 Td (during ) Tj ET Q q 0 0 0 rg BT 285.32 300.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.04 300.10 Td (three ) Tj ET Q q 0 0 0 rg BT 322.53 300.10 Td (months ) Tj ET Q q 0 0 0 rg BT 354.47 300.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 380.85 300.10 Td (March ) Tj ET Q q 0 0 0 rg BT 409.45 300.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 424.45 300.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.45 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.95 300.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.89 300.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.89 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.39 300.10 Td (were ) Tj ET Q q 0 0 0 rg BT 508.32 300.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.15 300.10 Td (follows:) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 551.92 300.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 263.60 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 263.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 263.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 263.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 233.60 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 233.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 233.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 233.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 203.60 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 203.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 203.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 203.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 173.60 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 173.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 173.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 173.60 71.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 276.6 m 483.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 276.6 m 487.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 276.6 m 558.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 276.6 m 483.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 263.6 m 483.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 276.6 m 487.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 276.6 m 558.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 263.6 m 558.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 263.6 m 483.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 263.6 m 558.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 173.60000000000002 m 483.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 160.60000000000002 m 483.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 158.60000000000002 m 483.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 173.60000000000002 m 558.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 160.60000000000002 m 558.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 158.60000000000002 m 558.5 158.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.10 280.83 Td (Thr) Tj ET Q q 0 0 0 rg BT 443.36 280.83 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 519.88 280.83 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 267.83 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.50 267.83 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 253.27 Td (Accrued maintenance liability at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 253.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 253.27 Td (2,190,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 253.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 253.27 Td (2,237,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 238.27 Td (Maintenance payments received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 238.27 Td (144,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 238.27 Td (174,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 223.27 Td (Maintenance payments returned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 223.32 Td (\(95,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 223.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 223.32 Td (\(108,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 223.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 208.27 Td (Release to income upon sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 208.32 Td (\(61,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 208.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 208.32 Td (\(19,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 208.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 193.27 Td (Release to income other than upon sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 193.32 Td (\(58,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 193.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 193.32 Td (\(45,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 193.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 178.27 Td (Lessor contribution, top ups and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 178.27 Td (30,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 178.27 Td (22,227) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 164.28 Td (Accrued maintenance liability at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 164.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.65 164.28 Td (2,149,884) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 164.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.65 164.28 Td (2,261,049) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 13. Debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (20) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (As ) Tj ET Q q 0 0 0 rg BT 90.61 686.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.94 686.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 146.04 686.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.04 686.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.54 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.76 686.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 225.30 686.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 258.29 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.62 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.95 686.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 335.62 686.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 390.27 686.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.48 686.10 Td ($32.8 ) Tj ET Q q 0 0 0 rg BT 445.98 686.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.10 686.10 Td (, ) Tj ET Q q 0 0 0 rg BT 477.59 686.10 Td (which ) Tj ET Q q 0 0 0 rg BT 505.03 686.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 544.13 686.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (value ) Tj ET Q q 0 0 0 rg BT 77.45 674.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 127.02 674.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.14 674.10 Td ($79.8 ) Tj ET Q q 0 0 0 rg BT 161.44 674.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.33 674.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.12 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.36 674.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 227.37 674.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 263.04 674.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 287.33 674.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 306.34 674.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 345.92 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.15 674.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 381.16 674.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 419.06 674.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.18 674.10 Td ($129.0 ) Tj ET Q q 0 0 0 rg BT 458.48 674.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.37 674.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.66 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.90 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 523.02 674.10 Td (undrawn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 76.45 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.35 662.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 114.67 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.68 662.10 Td (other ) Tj ET Q q 0 0 0 rg BT 156.79 662.10 Td (available ) Tj ET Q q 0 0 0 rg BT 196.44 662.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 230.54 662.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 251.32 662.10 Td (were ) Tj ET Q q 0 0 0 rg BT 274.32 662.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.64 662.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 356.71 662.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.82 662.10 Td (, ) Tj ET Q q 0 0 0 rg BT 388.88 662.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 437.43 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.33 662.10 Td (which ) Tj ET Q q 0 0 0 rg BT 477.33 662.10 Td (is ) Tj ET Q q 0 0 0 rg BT 487.56 662.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 519.45 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.80 662.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 100.56 650.10 Td (including ) Tj ET Q q 0 0 0 rg BT 140.73 650.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 189.21 650.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.38 650.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 238.98 650.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.35 650.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 320.70 650.10 Td (As ) Tj ET Q q 0 0 0 rg BT 334.21 650.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.94 650.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 388.43 650.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.43 650.10 Td (, ) Tj ET Q q 0 0 0 rg BT 413.32 650.10 Td (we ) Tj ET Q q 0 0 0 rg BT 427.38 650.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 466.97 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.14 650.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 525.63 650.10 Td (with ) Tj ET Q q 0 0 0 rg BT 545.80 650.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 638.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.48 638.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 133.97 638.10 Td (across ) Tj ET Q q 0 0 0 rg BT 161.46 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.29 638.10 Td (various ) Tj ET Q q 0 0 0 rg BT 209.22 638.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 228.94 638.10 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 617.10 Td (The following table provides a summary of our indebtedness as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.94 617.10 Td (March31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.54 617.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.97 617.10 Td (December31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.56 617.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 549.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 549.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 549.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 549.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 549.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 549.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 549.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 549.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 503.60 140.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 503.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 503.60 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 503.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 503.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 503.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 503.60 47.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 503.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 503.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 503.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 503.60 40.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 503.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 503.60 48.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 503.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 503.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 466.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 466.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 466.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 466.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 466.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 466.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 466.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 466.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 438.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 438.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 438.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 438.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 438.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 438.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 438.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 438.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 410.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 410.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 410.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 410.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 410.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 410.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 410.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 410.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 382.60 140.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 382.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 382.60 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 382.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 382.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 382.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 382.60 47.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 382.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 382.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 382.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 382.60 40.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 382.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 382.60 48.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 382.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 382.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 336.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 336.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 336.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 336.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 336.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 336.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 336.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 336.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 308.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 308.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 308.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 308.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 308.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 308.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 308.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 308.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 308.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 308.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 308.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 308.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 308.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 308.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 308.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 280.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 280.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 280.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 280.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 280.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 280.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 280.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 280.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 280.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 280.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 280.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 280.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 280.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 280.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 280.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 243.60 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 243.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 243.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 243.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 243.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 243.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 243.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 243.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 215.60 140.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 215.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 215.60 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 215.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 215.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 215.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 215.60 47.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 215.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 215.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 215.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 215.60 40.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 215.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 215.60 48.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 215.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 215.60 53.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 586.6 m 239.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 586.6 m 243.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 586.6 m 295.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 586.6 m 299.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 586.6 m 346.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 586.6 m 350.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 586.6 m 403.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 586.6 m 407.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 586.6 m 447.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 586.6 m 451.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 586.6 m 499.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 586.6 m 556.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 549.6 m 194.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 586.6 m 239.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 549.6 m 239.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 586.6 m 243.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 586.6 m 295.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 549.6 m 295.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 586.6 m 299.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 586.6 m 346.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 549.6 m 346.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 586.6 m 350.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 586.6 m 403.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 549.6 m 403.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 586.6 m 407.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 586.6 m 447.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 549.6 m 447.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 586.6 m 451.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 586.6 m 499.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 549.6 m 499.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 586.6 m 556.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 549.6 m 556.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 549.6 m 194.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 549.6 m 239.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 549.6 m 295.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 549.6 m 346.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 549.6 m 403.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 549.6 m 447.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 549.6 m 499.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 549.6 m 556.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 424.6 m 346.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 424.6 m 556.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 424.6 m 295.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 410.6 m 295.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 424.6 m 346.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 410.6 m 346.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 424.6 m 403.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 410.6 m 403.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 424.6 m 556.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 410.6 m 556.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 410.6 m 295.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 410.6 m 346.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 410.6 m 403.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 410.6 m 556.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 308.6 m 295.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 308.6 m 346.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 308.6 m 403.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 308.6 m 556.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 308.6 m 295.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 294.6 m 295.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 308.6 m 346.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 294.6 m 346.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 308.6 m 403.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 294.6 m 403.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 308.6 m 556.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 294.6 m 556.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 294.6 m 295.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 294.6 m 346.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 294.6 m 403.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 294.6 m 556.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 229.60000000000002 m 295.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 229.60000000000002 m 346.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 229.60000000000002 m 403.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 229.60000000000002 m 556.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 229.60000000000002 m 295.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 215.60000000000002 m 295.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 229.60000000000002 m 346.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 215.60000000000002 m 346.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 229.60000000000002 m 403.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 215.60000000000002 m 403.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 229.60000000000002 m 556.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 215.60000000000002 m 556.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 192.60000000000002 m 239.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 215.60000000000002 m 295.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 192.60000000000002 m 295.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 215.60000000000002 m 346.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 192.60000000000002 m 346.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 215.60000000000002 m 403.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 192.60000000000002 m 403.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 215.60000000000002 m 556.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 192.60000000000002 m 556.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 192.60000000000002 m 239.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 179.60000000000002 m 239.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 177.60000000000002 m 239.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 192.60000000000002 m 295.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 179.60000000000002 m 295.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 177.60000000000002 m 295.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 192.60000000000002 m 346.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 179.60000000000002 m 346.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 177.60000000000002 m 346.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 192.60000000000002 m 403.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 179.60000000000002 m 403.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 177.60000000000002 m 403.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 192.60000000000002 m 556.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 179.60000000000002 m 556.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 177.60000000000002 m 556.5 177.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.00 590.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 337.03 590.83 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.25 598.68 Td (December) Tj ET Q q 0 0 0 rg BT 540.75 598.68 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 590.68 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 553.83 Td (Debt obligation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.35 577.83 Td (Collateral ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.00 569.83 Td (\(Number) Tj ET Q q 0 0 0 rg BT 233.96 569.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.15 561.83 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.10 553.83 Td ( air) Tj ET Q q 0 0 0 rg BT 214.73 553.83 Td (craft\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.30 553.83 Td (Commitment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.25 561.83 Td (Undrawn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.80 553.83 Td (amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.45 561.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.25 553.83 Td (outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.75 577.83 Td (W) Tj ET Q q 0 0 0 rg BT 418.53 577.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.65 569.83 Td (average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.15 561.83 Td (inter) Tj ET Q q 0 0 0 rg BT 430.52 561.83 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.45 553.83 Td (rate \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.40 553.83 Td (Maturity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.45 561.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.25 553.83 Td (outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 540.05 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 88.92 540.05 Td (ed) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 526.06 Td (International Lease Finance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 517.06 Td (Corporation \(ILFC\) Legacy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 508.06 Td (Notes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.00 508.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 508.06 Td (2,900,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 508.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 508.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 508.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 508.06 Td (2,900,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 508.06 Td (7.09) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 508.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 508.06 Td (2020-2022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 508.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.00 508.06 Td (2,900,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 494.06 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 96.16 494.06 Td (T) Tj ET Q q 0 0 0 rg BT 101.42 494.06 Td (rust \(b\) & ) Tj ET Q q 0 0 0 rg BT 138.75 494.06 Td (AICDC \(c\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 485.06 Td (Notes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.50 485.06 Td (12,500,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 485.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.50 485.06 Td (12,500,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 485.06 Td (4.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 485.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 485.06 Td (2020-2028) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.50 485.06 Td (12,500,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 471.06 Td (Asia Revolving Credit Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.75 471.06 Td (950,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.75 471.06 Td (950,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 471.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 471.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 471.06 Td (2022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 471.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 457.06 Td (Citi Revolving Credit Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 457.06 Td (4,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 457.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 457.06 Td (4,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 457.06 Td (2.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 457.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 457.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.00 457.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 443.06 Td (Other unsecured debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 443.06 Td (1,874,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 443.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 443.06 Td (1,874,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 443.06 Td (2.39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 443.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 443.06 Td (2021-2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.00 443.06 Td (2,024,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 429.05 Td (Fair value adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.45 429.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.45 429.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 429.06 Td (82,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.45 429.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.45 429.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 429.06 Td (99,093) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 415.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.92 415.05 Td (OT) Tj ET Q q 0 0 0 rg BT 75.51 415.05 Td (AL) Tj ET Q q 0 0 0 rg BT 87.43 415.05 Td ( UNSECURED) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.00 415.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.50 415.05 Td (22,224,000) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 415.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.75 415.05 Td (950,000) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 415.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 359.50 415.05 Td (21,356,554) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 415.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.50 415.05 Td (17,523,093) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 401.05 Td (Secur) Tj ET Q q 0 0 0 rg BT 78.91 401.05 Td (ed) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 387.06 Td (Export credit facilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 387.06 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.75 387.06 Td (520,909) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 387.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.75 387.06 Td (520,909) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 387.06 Td (2.37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 387.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 387.06 Td (2021-2030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 387.06 Td (565,312) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 373.06 Td (Institutional secured term loans &) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 364.06 Td (secured portfolio loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.50 364.06 Td (171) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 364.06 Td (6,828,716) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 364.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 364.06 Td (6,828,716) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 364.06 Td (3.27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 364.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 364.06 Td (2022-2030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.00 364.06 Td (7,303,496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 350.06 Td (AerFunding Revolving Credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 341.06 Td (Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 341.06 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 341.06 Td (2,500,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 341.06 Td (1,636,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.75 341.06 Td (863,066) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 341.06 Td (2.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 341.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 341.06 Td (2022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.75 341.06 Td (875,145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 327.06 Td (Other secured debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 327.06 Td (42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 327.06 Td (1,383,665) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.75 327.06 Td (353,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 327.06 Td (1,029,765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 327.06 Td (3.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 327.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 327.06 Td (2021-2037) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.00 327.06 Td (1,062,756) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 313.05 Td (Fair value adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.45 313.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.45 313.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 313.06 Td (\(2,563) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 313.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.45 313.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.45 313.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 313.06 Td (\(2,835) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 313.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 299.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.92 299.05 Td (OT) Tj ET Q q 0 0 0 rg BT 75.51 299.05 Td (AL) Tj ET Q q 0 0 0 rg BT 87.43 299.05 Td ( SECURED) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.00 299.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.50 299.05 Td (1) Tj ET Q q 0 0 0 rg BT 256.00 299.05 Td (1,233,290) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 299.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.00 299.05 Td (1,990,834) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 299.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 299.05 Td (9,239,893) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 299.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 299.05 Td (9,803,874) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 285.05 Td (Subordinated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 271.06 Td (Subordinated Notes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 271.06 Td (2,250,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 271.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 271.06 Td (2,250,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 271.06 Td (4.93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 271.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 271.06 Td (2025-2079) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.00 271.06 Td (2,250,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 257.06 Td (Subordinated debt issued by joint) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 248.06 Td (ventures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.25 248.06 Td (43,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 248.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 248.06 Td (43,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 248.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 248.06 Td (2021-2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.25 248.06 Td (47,521) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 234.05 Td (Fair value adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.45 234.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.45 234.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 234.06 Td (\(222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 234.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.45 234.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.45 234.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.50 234.06 Td (\(222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 234.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 220.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.84 220.05 Td (OT) Tj ET Q q 0 0 0 rg BT 75.18 220.05 Td (AL) Tj ET Q q 0 0 0 rg BT 87.18 220.05 Td ( SUBORDINA) Tj ET Q q 0 0 0 rg BT 142.77 220.05 Td (TED) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.00 220.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.00 220.05 Td (2,293,521) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 220.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 220.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 220.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 220.05 Td (2,293,299) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 220.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 220.05 Td (2,297,299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 206.06 Td (Debt issuance costs, debt discounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 197.06 Td (and debt premium) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.45 197.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.45 197.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.75 197.06 Td (\(128,973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 197.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.45 197.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.45 197.06 Td (NA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.75 197.06 Td (\(138,135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.00 197.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 222.50 183.05 Td (246) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.00 183.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.50 183.05 Td (35,750,81) Tj ET Q q 0 0 0 rg BT 287.50 183.05 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 183.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.00 183.05 Td (2,940,834) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 183.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 359.50 183.05 Td (32,760,773) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 183.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.50 183.05 Td (29,486,131) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 168.60000000000002 m 172.5 168.60000000000002 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 153.40 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 153.40 Td (The ) Tj ET Q q 0 0 0 rg BT 88.87 153.40 Td (weighted ) Tj ET Q q 0 0 0 rg BT 124.74 153.40 Td (average ) Tj ET Q q 0 0 0 rg BT 155.59 153.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 184.96 153.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 201.32 153.40 Td (for ) Tj ET Q q 0 0 0 rg BT 214.69 153.40 Td (our ) Tj ET Q q 0 0 0 rg BT 229.57 153.40 Td (floating ) Tj ET Q q 0 0 0 rg BT 260.44 153.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 276.80 153.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 295.18 153.40 Td (is ) Tj ET Q q 0 0 0 rg BT 304.06 153.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 343.41 153.40 Td (based ) Tj ET Q q 0 0 0 rg BT 366.78 153.40 Td (on ) Tj ET Q q 0 0 0 rg BT 378.65 153.40 Td (the ) Tj ET Q q 0 0 0 rg BT 392.53 153.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 411.41 153.40 Td (dollar ) Tj ET Q q 0 0 0 rg BT 435.28 153.40 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 465.16 153.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 481.52 153.40 Td (as ) Tj ET Q q 0 0 0 rg BT 491.90 153.40 Td (of ) Tj ET Q q 0 0 0 rg BT 502.27 153.40 Td (the ) Tj ET Q q 0 0 0 rg BT 516.14 153.40 Td (last ) Tj ET Q q 0 0 0 rg BT 531.52 153.40 Td (interest ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 141.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 105.84 141.70 Td (date ) Tj ET Q q 0 0 0 rg BT 123.67 141.70 Td (of ) Tj ET Q q 0 0 0 rg BT 134.02 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 147.86 141.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 187.18 141.70 Td (debt, ) Tj ET Q q 0 0 0 rg BT 207.78 141.70 Td (and ) Tj ET Q q 0 0 0 rg BT 223.62 141.70 Td (excludes ) Tj ET Q q 0 0 0 rg BT 257.95 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.79 141.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 299.13 141.70 Td (of ) Tj ET Q q 0 0 0 rg BT 309.47 141.70 Td (related ) Tj ET Q q 0 0 0 rg BT 336.80 141.70 Td (derivative ) Tj ET Q q 0 0 0 rg BT 375.63 141.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.96 141.70 Td (instruments ) Tj ET Q q 0 0 0 rg BT 454.81 141.70 Td (which ) Tj ET Q q 0 0 0 rg BT 479.65 141.70 Td (we ) Tj ET Q q 0 0 0 rg BT 492.99 141.70 Td (hold ) Tj ET Q q 0 0 0 rg BT 511.84 141.70 Td (to ) Tj ET Q q 0 0 0 rg BT 521.68 141.70 Td (hedge ) Tj ET Q q 0 0 0 rg BT 546.02 141.70 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 130.00 Td (exposure ) Tj ET Q q 0 0 0 rg BT 106.51 130.00 Td (to ) Tj ET Q q 0 0 0 rg BT 115.54 130.00 Td (floating ) Tj ET Q q 0 0 0 rg BT 145.56 130.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 174.08 130.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 195.34 130.00 Td (as ) Tj ET Q q 0 0 0 rg BT 204.86 130.00 Td (well ) Tj ET Q q 0 0 0 rg BT 222.39 130.00 Td (as ) Tj ET Q q 0 0 0 rg BT 231.91 130.00 Td (any ) Tj ET Q q 0 0 0 rg BT 246.93 130.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 294.44 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 303.96 130.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 321.48 130.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 354.00 130.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 376.27 130.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 393.79 130.00 Td (discounts ) Tj ET Q q 0 0 0 rg BT 429.82 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 444.84 130.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 462.36 130.00 Td (premium. ) Tj ET Q q 0 0 0 rg BT 498.98 130.00 Td (The ) Tj ET Q q 0 0 0 rg BT 515.00 130.00 Td (institutional ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 118.30 Td (secured ) Tj ET Q q 0 0 0 rg BT 101.73 118.30 Td (term ) Tj ET Q q 0 0 0 rg BT 120.48 118.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 141.72 118.30 Td (and ) Tj ET Q q 0 0 0 rg BT 156.97 118.30 Td (secured ) Tj ET Q q 0 0 0 rg BT 186.70 118.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 220.45 118.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 241.69 118.30 Td (also ) Tj ET Q q 0 0 0 rg BT 258.44 118.30 Td (contain ) Tj ET Q q 0 0 0 rg BT 287.18 118.30 Td (base ) Tj ET Q q 0 0 0 rg BT 305.42 118.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 321.16 118.30 Td (alternatives.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 103.60 Td (\(b\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 103.60 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 102.24 103.60 Td (Global ) Tj ET Q q 0 0 0 rg BT 128.49 103.60 Td (A) Tj ET Q q 0 0 0 rg BT 134.32 103.60 Td (viation ) Tj ET Q q 0 0 0 rg BT 161.40 103.60 Td (T) Tj ET Q q 0 0 0 rg BT 166.58 103.60 Td (rust ) Tj ET Q q 0 0 0 rg BT 182.33 103.60 Td (\(AerCap ) Tj ET Q q 0 0 0 rg BT 219.40 103.60 Td (T) Tj ET Q q 0 0 0 rg BT 224.58 103.60 Td (rust\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 88.90 Td (\(c\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 88.90 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 102.17 88.90 Td (Ireland ) Tj ET Q q 0 0 0 rg BT 129.84 88.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 158.02 88.90 Td (Designated ) Tj ET Q q 0 0 0 rg BT 200.21 88.90 Td (Activity ) Tj ET Q q 0 0 0 rg BT 231.89 88.90 Td (Company) Tj ET Q q 0 0 0 rg BT 266.30 88.90 Td (, ) Tj ET Q q 0 0 0 rg BT 270.74 88.90 Td (a ) Tj ET Q q 0 0 0 rg BT 276.91 88.90 Td (designated ) Tj ET Q q 0 0 0 rg BT 317.59 88.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 346.76 88.90 Td (company ) Tj ET Q q 0 0 0 rg BT 381.93 88.90 Td (with ) Tj ET Q q 0 0 0 rg BT 400.12 88.90 Td (limited ) Tj ET Q q 0 0 0 rg BT 427.80 88.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 457.98 88.90 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 505.65 88.90 Td (under ) Tj ET Q q 0 0 0 rg BT 528.32 88.90 Td (the ) Tj ET Q q 0 0 0 rg BT 541.50 88.90 Td (laws ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 81.75 77.20 Td (Ireland ) Tj ET Q q 0 0 0 rg BT 109.48 77.20 Td (\(AICDC\)) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 13. Debt \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (21) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 121.44 686.10 Td (details ) Tj ET Q q 0 0 0 rg BT 149.70 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.20 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.58 686.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 212.28 686.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 236.66 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.15 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.65 686.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 316.47 686.10 Td (can ) Tj ET Q q 0 0 0 rg BT 332.51 686.10 Td (be ) Tj ET Q q 0 0 0 rg BT 344.11 686.10 Td (found ) Tj ET Q q 0 0 0 rg BT 369.60 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.54 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 394.56 686.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 426.16 686.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 455.54 686.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.70 686.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 491.54 686.10 Td (20-F ) Tj ET Q q 0 0 0 rg BT 512.59 686.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.41 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.79 686.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.53 674.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.27 674.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.27 674.10 Td (, ) Tj ET Q q 0 0 0 rg BT 164.43 674.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 185.41 674.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.84 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.71 674.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 241.71 674.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.36 674.10 Td (March5, ) Tj ET Q q 0 0 0 rg BT 293.12 674.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.12 674.10 Td (. ) Tj ET Q q 0 0 0 rg BT 318.08 674.10 Td (The ) Tj ET Q q 0 0 0 rg BT 336.28 674.10 Td (material ) Tj ET Q q 0 0 0 rg BT 371.70 674.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 406.56 674.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.99 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.98 674.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 487.29 674.10 Td (since ) Tj ET Q q 0 0 0 rg BT 510.49 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.36 674.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 549.68 674.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (that ) Tj ET Q q 0 0 0 rg BT 71.50 662.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 100.37 662.10 Td (except ) Tj ET Q q 0 0 0 rg BT 128.97 662.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.13 662.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 185.61 662.10 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 236.71 662.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.41 662.10 Td (described ) Tj ET Q q 0 0 0 rg BT 292.23 662.10 Td (below) Tj ET Q q 0 0 0 rg BT 316.02 662.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 99.28 641.10 Td (cr) Tj ET Q q 0 0 0 rg BT 107.97 641.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 126.58 641.10 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 620.10 Td (In ) Tj ET Q q 0 0 0 rg BT 86.66 620.10 Td (March ) Tj ET Q q 0 0 0 rg BT 114.58 620.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 138.50 620.10 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 171.44 620.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 202.69 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.73 620.10 Td (Citi ) Tj ET Q q 0 0 0 rg BT 233.56 620.10 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 272.04 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 298.31 620.10 Td (was ) Tj ET Q q 0 0 0 rg BT 315.68 620.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 369.72 620.10 Td (upsized ) Tj ET Q q 0 0 0 rg BT 402.10 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.36 620.10 Td (amended. ) Tj ET Q q 0 0 0 rg BT 458.78 620.10 Td (In ) Tj ET Q q 0 0 0 rg BT 468.93 620.10 Td (October ) Tj ET Q q 0 0 0 rg BT 502.97 620.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 526.89 620.10 Td (AICDC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 608.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 92.68 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.48 608.10 Td (Citi ) Tj ET Q q 0 0 0 rg BT 125.06 608.10 Td (Revolver) Tj ET Q q 0 0 0 rg BT 161.32 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.40 608.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 206.74 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.54 608.10 Td (size ) Tj ET Q q 0 0 0 rg BT 239.67 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.03 608.10 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 270.11 608.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 298.81 608.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 322.50 608.10 Td (an ) Tj ET Q q 0 0 0 rg BT 334.52 608.10 Td (option ) Tj ET Q q 0 0 0 rg BT 362.66 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.02 608.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 408.36 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.16 608.10 Td (size ) Tj ET Q q 0 0 0 rg BT 441.29 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.87 608.10 Td (an ) Tj ET Q q 0 0 0 rg BT 465.89 608.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 508.47 608.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 528.55 608.10 Td (billion\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 596.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 109.53 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.25 596.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 160.63 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.91 596.10 Td (February ) Tj ET Q q 0 0 0 rg BT 209.51 596.10 Td (2024.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 575.10 Td (In ) Tj ET Q q 0 0 0 rg BT 87.10 575.10 Td (March ) Tj ET Q q 0 0 0 rg BT 115.47 575.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 139.74 575.10 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 173.13 575.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 213.72 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.21 575.10 Td (full ) Tj ET Q q 0 0 0 rg BT 244.37 575.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.64 575.10 Td (available ) Tj ET Q q 0 0 0 rg BT 315.00 575.10 Td (under ) Tj ET Q q 0 0 0 rg BT 340.04 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.53 575.10 Td (Citi ) Tj ET Q q 0 0 0 rg BT 371.80 575.10 Td (Revolver) Tj ET Q q 0 0 0 rg BT 407.91 575.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.68 575.10 Td (In ) Tj ET Q q 0 0 0 rg BT 422.78 575.10 Td (April ) Tj ET Q q 0 0 0 rg BT 446.16 575.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 470.93 575.10 Td (we ) Tj ET Q q 0 0 0 rg BT 484.86 575.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 512.12 575.10 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 531.89 575.10 Td (billion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.55 563.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 128.71 563.10 Td (amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 542.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.66 542.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 139.72 542.10 Td (under ) Tj ET Q q 0 0 0 rg BT 164.10 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.93 542.10 Td (Citi ) Tj ET Q q 0 0 0 rg BT 194.55 542.10 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 232.82 542.10 Td (are ) Tj ET Q q 0 0 0 rg BT 246.64 542.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 292.12 542.10 Td (by ) Tj ET Q q 0 0 0 rg BT 303.37 542.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 336.09 542.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 374.37 542.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 390.02 542.10 Td (. ) Tj ET Q q 0 0 0 rg BT 394.14 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.19 542.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 439.01 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.95 542.10 Td (its ) Tj ET Q q 0 0 0 rg BT 460.01 542.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 510.99 542.10 Td (A) Tj ET Q q 0 0 0 rg BT 517.47 542.10 Td (vailability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 530.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 112.88 530.10 Td (under ) Tj ET Q q 0 0 0 rg BT 138.15 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.87 530.10 Td (Citi ) Tj ET Q q 0 0 0 rg BT 170.37 530.10 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 209.53 530.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.70 530.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 249.52 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.80 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.52 530.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 322.56 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.39 530.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 377.54 530.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 421.71 530.10 Td (precedent. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.40 509.10 Td (Citi ) Tj ET Q q 0 0 0 rg BT 111.75 509.10 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 150.76 509.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 186.43 509.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 228.77 509.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 272.77 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.78 509.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 329.67 509.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 373.68 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.36 509.10 Td (this ) Tj ET Q q 0 0 0 rg BT 401.15 509.10 Td (type, ) Tj ET Q q 0 0 0 rg BT 423.22 509.10 Td (including ) Tj ET Q q 0 0 0 rg BT 463.35 509.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 500.68 509.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 543.01 509.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.10 Td (require ) Tj ET Q q 0 0 0 rg BT 84.36 497.10 Td (us ) Tj ET Q q 0 0 0 rg BT 95.29 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.11 497.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 142.14 497.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 190.27 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 210.09 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.57 497.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 259.16 497.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 279.53 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.90 497.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 342.48 497.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 396.18 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.00 497.10 Td (shareholders) Tj ET Q q 0 0 0 rg BT 459.12 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.16 497.10 Td (equity) Tj ET Q q 0 0 0 rg BT 485.51 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 490.05 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.53 497.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 537.46 497.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (char) Tj ET Q q 0 0 0 rg BT 71.03 485.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 82.54 485.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 120.71 485.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 141.11 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.63 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.15 485.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 206.78 485.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 227.19 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.60 485.10 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 298.54 485.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 323.95 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.81 485.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 363.09 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.15 485.10 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 456.24 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 473.86 485.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 510.37 485.10 Td (also ) Tj ET Q q 0 0 0 rg BT 528.56 485.10 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 97.33 473.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 118.17 473.10 Td (among ) Tj ET Q q 0 0 0 rg BT 148.72 473.10 Td (other ) Tj ET Q q 0 0 0 rg BT 172.61 473.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 202.90 473.10 Td (restrict, ) Tj ET Q q 0 0 0 rg BT 236.51 473.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 268.18 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.30 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 309.84 473.10 Td (exceptions, ) Tj ET Q q 0 0 0 rg BT 358.45 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.01 473.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 402.90 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.84 473.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 448.28 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.40 473.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 476.63 473.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 505.80 473.10 Td (make ) Tj ET Q q 0 0 0 rg BT 530.80 473.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 93.70 461.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 134.53 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.47 461.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 174.51 461.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 204.21 461.10 Td (liens.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 440.10 Td (. Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 419.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.99 419.10 Td (ef) Tj ET Q q 0 0 0 rg BT 101.58 419.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 130.72 419.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 144.88 419.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 161.80 419.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.30 419.10 Td (13.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.13 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.07 419.10 Td (for ) Tj ET Q q 0 0 0 rg BT 220.67 419.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.82 419.10 Td (three ) Tj ET Q q 0 0 0 rg BT 256.75 419.10 Td (months ) Tj ET Q q 0 0 0 rg BT 288.14 419.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 313.95 419.10 Td (March ) Tj ET Q q 0 0 0 rg BT 341.99 419.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 356.43 419.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.43 419.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.87 419.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.25 419.10 Td (13.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.08 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.02 419.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.62 419.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.78 419.10 Td (three ) Tj ET Q q 0 0 0 rg BT 474.70 419.10 Td (months ) Tj ET Q q 0 0 0 rg BT 506.09 419.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 531.91 419.10 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 407.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 69.00 407.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 407.10 Td (. ) Tj ET Q q 0 0 0 rg BT 94.00 407.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 112.05 407.10 Td (ef) Tj ET Q q 0 0 0 rg BT 119.64 407.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 149.34 407.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.06 407.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 181.54 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.82 407.10 Td (any ) Tj ET Q q 0 0 0 rg BT 208.76 407.10 Td (period ) Tj ET Q q 0 0 0 rg BT 236.81 407.10 Td (can ) Tj ET Q q 0 0 0 rg BT 253.18 407.10 Td (be ) Tj ET Q q 0 0 0 rg BT 265.12 407.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 304.27 407.10 Td (by ) Tj ET Q q 0 0 0 rg BT 316.77 407.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 355.38 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.66 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.38 407.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 421.20 407.10 Td (full ) Tj ET Q q 0 0 0 rg BT 437.58 407.10 Td (year ) Tj ET Q q 0 0 0 rg BT 457.29 407.10 Td (rate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 383.10 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 383.10 Td (. 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0.9333333333333333 1 rg /GS0 gs 187.50 338.60 130.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 338.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 338.60 130.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 308.60 130.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 308.60 130.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 308.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 308.60 130.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 338.6 m 183.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 338.6 m 317.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 338.6 m 423.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 338.6 m 557.5 338.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 342.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 64.37 342.83 Td (ogram appr) Tj ET Q q 0 0 0 rg BT 104.88 342.83 Td (oval date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.00 342.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 198.37 342.83 Td (ogram end date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.00 342.83 Td (Authorized amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.00 342.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 438.29 342.83 Td (ogram completion date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 328.27 Td (February 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 328.27 Td (September 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 328.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 328.27 Td (200,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 328.27 Td (July 22, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 313.27 Td (June 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 313.27 Td (December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 313.27 Td (200,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 313.27 Td (December 5, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 298.27 Td (November 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 298.27 Td (June 30, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 298.27 Td (200,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 298.27 Td (Not yet completed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 283.27 Td (January 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 283.27 Td (June 30, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 283.27 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 283.27 Td (Not yet completed) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 258.10 Td (During ) Tj ET Q q 0 0 0 rg BT 107.42 258.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.23 258.10 Td (three ) Tj ET Q q 0 0 0 rg BT 144.81 258.10 Td (months ) Tj ET Q q 0 0 0 rg BT 176.85 258.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 203.32 258.10 Td (March ) Tj ET Q q 0 0 0 rg BT 232.01 258.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.10 258.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 258.10 Td (, ) Tj ET Q q 0 0 0 rg BT 272.19 258.10 Td (we ) Tj ET Q q 0 0 0 rg BT 286.44 258.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 337.34 258.10 Td (an ) Tj ET Q q 0 0 0 rg BT 349.37 258.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 390.82 258.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.75 258.10 Td (2,130,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.75 258.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.34 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.26 258.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.18 258.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 507.65 258.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 535.23 258.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.10 Td (our ) Tj ET Q q 0 0 0 rg BT 69.83 246.10 Td (share ) Tj ET Q q 0 0 0 rg BT 93.43 246.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 139.23 246.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 179.50 246.10 Td (at ) Tj ET Q q 0 0 0 rg BT 189.22 246.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.16 246.10 Td (average ) Tj ET Q q 0 0 0 rg BT 234.74 246.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 259.73 246.10 Td (including ) Tj ET Q q 0 0 0 rg BT 300.00 246.10 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 357.23 246.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.06 246.10 Td ($55.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.56 246.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.06 246.10 Td (per ) Tj ET Q q 0 0 0 rg BT 413.33 246.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 449.70 246.10 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 225.10 Td (In ) Tj ET Q q 0 0 0 rg BT 87.08 225.10 Td (March ) Tj ET Q q 0 0 0 rg BT 115.42 225.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 140.16 225.10 Td (we ) Tj ET Q q 0 0 0 rg BT 154.07 225.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 197.97 225.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.55 225.10 Td (share ) Tj ET Q q 0 0 0 rg BT 236.89 225.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 282.44 225.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 324.80 225.10 Td (W) Tj ET Q q 0 0 0 rg BT 333.43 225.10 Td (e ) Tj ET Q q 0 0 0 rg BT 340.12 225.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 365.13 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.59 225.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 407.38 225.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.41 225.10 Td (resume ) Tj ET Q q 0 0 0 rg BT 448.53 225.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 497.97 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.55 225.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.12 225.10 Td (ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 213.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 81.49 213.10 Td (under ) Tj ET Q q 0 0 0 rg BT 106.76 213.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.59 213.10 Td (share ) Tj ET Q q 0 0 0 rg BT 146.19 213.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 191.99 213.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 232.26 213.10 Td (as ) Tj ET Q q 0 0 0 rg BT 243.09 213.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 302.23 213.10 Td (warrant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 192.10 Td (During ) Tj ET Q q 0 0 0 rg BT 106.99 192.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.36 192.10 Td (three ) Tj ET Q q 0 0 0 rg BT 143.50 192.10 Td (months ) Tj ET Q q 0 0 0 rg BT 175.10 192.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 201.14 192.10 Td (March ) Tj ET Q q 0 0 0 rg BT 229.39 192.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 244.05 192.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.05 192.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.70 192.10 Td (we ) Tj ET Q q 0 0 0 rg BT 282.52 192.10 Td (cancelled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.42 192.10 Td (3,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.42 192.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.58 192.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 400.61 192.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 427.76 192.10 Td (which ) Tj ET Q q 0 0 0 rg BT 454.35 192.10 Td (were ) Tj ET Q q 0 0 0 rg BT 475.94 192.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 512.52 192.10 Td (through ) Tj ET Q q 0 0 0 rg BT 545.78 192.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 180.10 Td (share ) Tj ET Q q 0 0 0 rg BT 77.60 180.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 123.40 180.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 163.67 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.95 180.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 221.41 180.10 Td (with ) Tj ET Q q 0 0 0 rg BT 241.69 180.10 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 300.84 180.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 337.77 180.10 Td (from ) Tj ET Q q 0 0 0 rg BT 359.71 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.43 180.10 Td (Company) Tj ET Q q 0 0 0 rg BT 416.09 180.10 Td (s ) Tj ET Q q 0 0 0 rg BT 422.49 180.10 Td (shareholders.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (22) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 704.25 Td (. Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 683.25 Td (Selling, general and administrative expenses consisted of the following for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.53 683.25 Td (three months ended March 31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.94 683.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 671.25 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 634.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 634.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 634.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 604.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 604.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 604.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 574.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 574.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 574.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 544.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 544.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 544.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 544.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 647.75 m 481.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 647.75 m 485.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 647.75 m 558.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 647.75 m 481.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 634.75 m 481.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 647.75 m 485.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 647.75 m 558.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 634.75 m 558.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 634.75 m 481.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 634.75 m 558.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 544.75 m 481.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 544.75 m 558.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 544.75 m 481.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 531.75 m 481.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 529.75 m 481.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 544.75 m 558.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 531.75 m 558.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 529.75 m 558.5 529.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 651.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 441.36 651.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 517.88 651.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 638.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 638.98 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 624.42 Td (Personnel expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 624.42 Td (26,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 624.42 Td (31,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 609.42 Td (Share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 609.42 Td (17,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 609.42 Td (17,413) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 601.35 64.34 -9.09 re f /GS0 gs q 0 0 0 rg BT 57.00 594.42 Td (T) Tj ET Q q 0 0 0 rg BT 62.76 594.42 Td (ravel expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 594.42 Td (3,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 594.42 Td (4,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 579.42 Td (Professional services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 579.42 Td (5,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 579.42 Td (6,224) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 571.35 63.96 -9.09 re f /GS0 gs q 0 0 0 rg BT 57.00 564.42 Td (Of) Tj ET Q q 0 0 0 rg BT 67.37 564.42 Td (fice expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 564.42 Td (3,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 564.42 Td (3,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 549.42 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 549.42 Td (7,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 549.42 Td (4,292) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 535.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 535.43 Td (64,584) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 535.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 535.43 Td (66,873) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 507.25 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 507.25 Td (. Other) Tj ET Q q 0 0 0 rg BT 94.37 507.25 Td ( income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 486.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 101.77 486.25 Td (income ) Tj ET Q q 0 0 0 rg BT 133.70 486.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 173.42 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.25 486.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.97 486.25 Td (following ) Tj ET Q q 0 0 0 rg BT 240.35 486.25 Td (for ) Tj ET Q q 0 0 0 rg BT 254.51 486.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.23 486.25 Td (three ) Tj ET Q q 0 0 0 rg BT 291.71 486.25 Td (months ) Tj ET Q q 0 0 0 rg BT 323.66 486.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.04 486.25 Td (March ) Tj ET Q q 0 0 0 rg BT 378.64 486.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 393.64 486.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.64 486.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.14 486.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.08 486.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.08 486.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 449.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 449.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 449.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 419.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 419.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 419.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 419.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 462.75 m 481.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 462.75 m 485.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 462.75 m 558.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 462.75 m 481.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 449.75 m 481.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 462.75 m 485.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 462.75 m 558.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 449.75 m 558.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 449.75 m 481.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 449.75 m 558.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 419.75 m 481.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 419.75 m 558.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 419.75 m 481.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 406.75 m 481.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 404.75 m 481.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 419.75 m 558.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 406.75 m 558.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 404.75 m 558.5 404.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 466.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 441.36 466.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 517.88 466.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 453.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 453.98 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 439.42 Td (Management fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 439.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 439.42 Td (4,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 439.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 439.42 Td (3,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 424.42 Td (Interest and other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 424.42 Td (10,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 424.42 Td (17,983) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 410.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 410.43 Td (14,732) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 410.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 410.43 Td (21,393) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 382.25 Td (18. ) Tj ET Q q 0 0 0 rg BT 68.45 382.25 Td (Asset Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 361.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.12 361.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 137.79 361.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 162.69 361.25 Td (include ) Tj ET Q q 0 0 0 rg BT 193.70 361.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 216.93 361.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 260.71 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.72 361.25 Td (definite-lived ) Tj ET Q q 0 0 0 rg BT 332.16 361.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 373.72 361.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 401.01 361.25 Td (W) Tj ET Q q 0 0 0 rg BT 409.64 361.25 Td (e ) Tj ET Q q 0 0 0 rg BT 415.65 361.25 Td (test ) Tj ET Q q 0 0 0 rg BT 431.11 361.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 473.78 361.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 498.68 361.25 Td (for ) Tj ET Q q 0 0 0 rg BT 511.91 361.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 349.25 Td (whenever ) Tj ET Q q 0 0 0 rg BT 94.50 349.25 Td (events ) Tj ET Q q 0 0 0 rg BT 121.67 349.25 Td (or ) Tj ET Q q 0 0 0 rg BT 131.63 349.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 165.47 349.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.88 349.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 233.15 349.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 266.43 349.25 Td (that ) Tj ET Q q 0 0 0 rg BT 283.05 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.90 349.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 331.85 349.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 367.36 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.32 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.17 349.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 416.13 349.25 Td (may ) Tj ET Q q 0 0 0 rg BT 434.98 349.25 Td (not ) Tj ET Q q 0 0 0 rg BT 449.38 349.25 Td (be ) Tj ET Q q 0 0 0 rg BT 460.45 349.25 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 511.10 349.25 Td (W) Tj ET Q q 0 0 0 rg BT 519.73 349.25 Td (e ) Tj ET Q q 0 0 0 rg BT 525.80 349.25 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 337.25 Td (event-driven ) Tj ET Q q 0 0 0 rg BT 109.08 337.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 159.73 337.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 212.61 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.48 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 243.36 337.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 276.77 337.25 Td (held ) Tj ET Q q 0 0 0 rg BT 298.54 337.25 Td (for ) Tj ET Q q 0 0 0 rg BT 314.75 337.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 357.06 337.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 385.48 337.25 Td (each ) Tj ET Q q 0 0 0 rg BT 408.35 337.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 436.11 337.25 Td (. ) Tj ET Q q 0 0 0 rg BT 442.83 337.25 Td (These ) Tj ET Q q 0 0 0 rg BT 471.26 337.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 511.90 337.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 325.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 104.83 325.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 144.54 325.25 Td (result ) Tj ET Q q 0 0 0 rg BT 169.26 325.25 Td (from ) Tj ET Q q 0 0 0 rg BT 191.20 325.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 228.69 325.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 260.05 325.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 278.10 325.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 328.36 325.25 Td (or ) Tj ET Q q 0 0 0 rg BT 339.19 325.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 370.55 325.25 Td (repossessions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 304.25 Td (During ) Tj ET Q q 0 0 0 rg BT 107.52 304.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.43 304.25 Td (three ) Tj ET Q q 0 0 0 rg BT 145.11 304.25 Td (months ) Tj ET Q q 0 0 0 rg BT 177.25 304.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 203.82 304.25 Td (March ) Tj ET Q q 0 0 0 rg BT 232.61 304.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.81 304.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.81 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.50 304.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.63 304.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.63 304.25 Td (, ) Tj ET Q q 0 0 0 rg BT 312.82 304.25 Td (we ) Tj ET Q q 0 0 0 rg BT 327.18 304.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 373.73 304.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 422.52 304.25 Td (char) Tj ET Q q 0 0 0 rg BT 439.55 304.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 455.57 304.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.60 304.25 Td ($13.9 ) Tj ET Q q 0 0 0 rg BT 491.79 304.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.68 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.37 304.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.50 304.25 Td ($5.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 292.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.89 292.25 Td (, ) Tj ET Q q 0 0 0 rg BT 87.89 292.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 135.55 292.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 271.25 Td (These ) Tj ET Q q 0 0 0 rg BT 102.41 271.25 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 156.94 271.25 Td (for ) Tj ET Q q 0 0 0 rg BT 170.64 271.25 Td (all ) Tj ET Q q 0 0 0 rg BT 182.67 271.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 214.15 271.25 Td (mentioned, ) Tj ET Q q 0 0 0 rg BT 260.90 271.25 Td (related ) Tj ET Q q 0 0 0 rg BT 290.14 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.95 271.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 321.43 271.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 371.23 271.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.60 271.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 403.62 271.25 Td (terminations ) Tj ET Q q 0 0 0 rg BT 455.65 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.13 271.25 Td (were ) Tj ET Q q 0 0 0 rg BT 493.59 271.25 Td (more ) Tj ET Q q 0 0 0 rg BT 516.18 271.25 Td (than ) Tj ET Q q 0 0 0 rg BT 535.43 271.25 Td (of) Tj ET Q q 0 0 0 rg BT 543.58 271.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 259.25 Td (by ) Tj ET Q q 0 0 0 rg BT 66.50 259.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 119.53 259.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 153.67 259.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 200.04 259.25 Td (when ) Tj ET Q q 0 0 0 rg BT 224.20 259.25 Td (we ) Tj ET Q q 0 0 0 rg BT 238.36 259.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 273.06 259.25 Td (maintenance-related ) Tj ET Q q 0 0 0 rg BT 356.62 259.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 393.54 259.25 Td (or ) Tj ET Q q 0 0 0 rg BT 404.37 259.25 Td (received ) Tj ET Q q 0 0 0 rg BT 440.73 259.25 Td (EOL) Tj ET Q q 0 0 0 rg BT 459.80 259.25 Td ( ) Tj ET Q q 0 0 0 rg BT 462.30 259.25 Td (compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 238.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.10 238.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 142.25 238.25 Td (char) Tj ET Q q 0 0 0 rg BT 159.27 238.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 174.65 238.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.04 238.25 Td ($13.9 ) Tj ET Q q 0 0 0 rg BT 209.59 238.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.48 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.53 238.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 286.44 238.25 Td (during ) Tj ET Q q 0 0 0 rg BT 314.60 238.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.87 238.25 Td (three ) Tj ET Q q 0 0 0 rg BT 350.90 238.25 Td (months ) Tj ET Q q 0 0 0 rg BT 382.40 238.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 408.33 238.25 Td (March ) Tj ET Q q 0 0 0 rg BT 436.48 238.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 451.03 238.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.03 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.08 238.25 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.57 238.25 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 529.12 238.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 226.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 86.45 226.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.14 226.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.80 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.71 226.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 145.48 226.25 Td (which ) Tj ET Q q 0 0 0 rg BT 171.82 226.25 Td (met ) Tj ET Q q 0 0 0 rg BT 188.73 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.85 226.25 Td (held ) Tj ET Q q 0 0 0 rg BT 221.98 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 235.54 226.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 253.00 226.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 283.22 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.56 226.25 Td (were ) Tj ET Q q 0 0 0 rg BT 320.90 226.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 360.57 226.25 Td (as ) Tj ET Q q 0 0 0 rg BT 370.81 226.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 394.38 226.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 438.50 226.25 Td (held ) Tj ET Q q 0 0 0 rg BT 457.63 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 471.20 226.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 488.65 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.34 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 513.58 226.25 Td (Condensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 214.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 109.27 214.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 143.98 214.25 Td (Sheet.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (23) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 704.25 Td (. ) Tj ET Q q 0 0 0 rg BT 68.45 704.25 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 127.97 704.25 Td ( cr) Tj ET Q q 0 0 0 rg BT 139.17 704.25 Td (edit losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 683.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 683.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.92 683.25 Td (are ) Tj ET Q q 0 0 0 rg BT 108.48 683.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 144.59 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.72 683.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 181.83 683.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 209.07 683.25 Td (on ) Tj ET Q q 0 0 0 rg BT 222.42 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.09 683.25 Td (net ) Tj ET Q q 0 0 0 rg BT 254.66 683.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 305.78 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 316.90 683.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 349.67 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.46 683.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 410.79 683.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 438.02 683.25 Td (\(Finance ) Tj ET Q q 0 0 0 rg BT 480.79 683.25 Td (Leases\) ) Tj ET Q q 0 0 0 rg BT 519.11 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 536.90 683.25 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 96.78 671.25 Td (related ) Tj ET Q q 0 0 0 rg BT 125.68 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.16 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.08 671.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 166.33 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.36 671.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 206.93 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.07 671.25 Td (restructured ) Tj ET Q q 0 0 0 rg BT 272.52 671.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 311.99 671.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 333.68 671.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 369.81 671.25 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 407.90 671.25 Td (which ) Tj ET Q q 0 0 0 rg BT 434.04 671.25 Td (are ) Tj ET Q q 0 0 0 rg BT 447.95 671.25 Td (included ) Tj ET Q q 0 0 0 rg BT 484.08 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 494.11 671.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 516.92 671.25 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.20 659.25 Td (other ) Tj ET Q q 0 0 0 rg BT 87.16 659.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 115.41 659.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 133.38 659.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 167.45 659.25 Td (Leases ) Tj ET Q q 0 0 0 rg BT 197.08 659.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 222.26 659.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 260.78 659.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 292.62 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.26 659.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 324.68 659.25 Td (that ) Tj ET Q q 0 0 0 rg BT 342.09 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 357.84 659.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 389.68 659.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 412.08 659.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 455.05 659.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 470.79 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.99 659.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 502.84 659.25 Td (their ) Tj ET Q q 0 0 0 rg BT 523.58 659.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 100.54 647.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.07 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.38 647.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 148.47 647.25 Td (that ) Tj ET Q q 0 0 0 rg BT 165.56 647.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 196.51 647.25 Td (value ) Tj ET Q q 0 0 0 rg BT 220.26 647.25 Td (is ) Tj ET Q q 0 0 0 rg BT 229.02 647.25 Td (less ) Tj ET Q q 0 0 0 rg BT 246.11 647.25 Td (than ) Tj ET Q q 0 0 0 rg BT 265.42 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.73 647.25 Td (unguaranteed ) Tj ET Q q 0 0 0 rg BT 335.68 647.25 Td (residual ) Tj ET Q q 0 0 0 rg BT 369.43 647.25 Td (value ) Tj ET Q q 0 0 0 rg BT 393.18 647.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 429.71 647.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.58 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.89 647.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 487.64 647.25 Td (Leases ) Tj ET Q q 0 0 0 rg BT 516.94 647.25 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.25 Td (balance. ) Tj ET Q q 0 0 0 rg BT 89.53 635.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 614.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 614.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.45 614.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 126.64 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.74 614.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 178.14 614.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 195.02 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.22 614.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 222.66 614.25 Td (over ) Tj ET Q q 0 0 0 rg BT 242.30 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.39 614.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 298.80 614.25 Td (life ) Tj ET Q q 0 0 0 rg BT 314.00 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.21 614.25 Td (our ) Tj ET Q q 0 0 0 rg BT 339.41 614.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 372.94 614.25 Td (Leases ) Tj ET Q q 0 0 0 rg BT 402.02 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.33 614.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 441.32 614.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 484.27 614.25 Td (using ) Tj ET Q q 0 0 0 rg BT 507.81 614.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.13 614.25 Td (probability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.30 602.25 Td (default ) Tj ET Q q 0 0 0 rg BT 94.03 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.44 602.25 Td (net ) Tj ET Q q 0 0 0 rg BT 124.62 602.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 162.69 602.25 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 199.23 602.25 Td (The ) Tj ET Q q 0 0 0 rg BT 216.74 602.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 262.59 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.89 602.25 Td (default ) Tj ET Q q 0 0 0 rg BT 302.62 602.25 Td (is ) Tj ET Q q 0 0 0 rg BT 311.26 602.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 351.55 602.25 Td (based ) Tj ET Q q 0 0 0 rg BT 376.28 602.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.25 602.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 427.43 602.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 473.83 602.25 Td (default ) Tj ET Q q 0 0 0 rg BT 503.56 602.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 524.68 602.25 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 590.25 Td (for ) Tj ET Q q 0 0 0 rg BT 68.27 590.25 Td (current ) Tj ET Q q 0 0 0 rg BT 99.20 590.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 145.97 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.91 590.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 195.07 590.25 Td (risk-rated ) Tj ET Q q 0 0 0 rg BT 236.00 590.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 295.25 590.25 Td (over ) Tj ET Q q 0 0 0 rg BT 315.63 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.45 590.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 377.48 590.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 400.73 590.25 Td (The ) Tj ET Q q 0 0 0 rg BT 418.88 590.25 Td (net ) Tj ET Q q 0 0 0 rg BT 433.71 590.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 472.42 590.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.70 590.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 522.63 590.25 Td (based ) Tj ET Q q 0 0 0 rg BT 548.01 590.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.65 578.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 102.75 578.25 Td (Lease ) Tj ET Q q 0 0 0 rg BT 128.50 578.25 Td (or ) Tj ET Q q 0 0 0 rg BT 139.27 578.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 162.82 578.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 206.33 578.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 239.30 578.25 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 280.34 578.25 Td (net ) Tj ET Q q 0 0 0 rg BT 294.99 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.76 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.42 578.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 361.18 578.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 392.48 578.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 419.07 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.29 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.94 578.25 Td (case ) Tj ET Q q 0 0 0 rg BT 463.59 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.35 578.25 Td (a ) Tj ET Q q 0 0 0 rg BT 481.23 578.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 515.32 578.25 Td (Lease, ) Tj ET Q q 0 0 0 rg BT 543.58 578.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 566.25 Td (other ) Tj ET Q q 0 0 0 rg BT 76.63 566.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.49 566.25 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 138.27 566.25 Td (including ) Tj ET Q q 0 0 0 rg BT 178.13 566.25 Td (security ) Tj ET Q q 0 0 0 rg BT 211.87 566.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 246.74 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.26 566.25 Td (maintenance-related ) Tj ET Q q 0 0 0 rg BT 346.41 566.25 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 383.77 566.25 Td (over ) Tj ET Q q 0 0 0 rg BT 403.63 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.93 566.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 464.44 566.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 487.20 566.25 Td (The ) Tj ET Q q 0 0 0 rg BT 504.83 566.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 542.45 566.25 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 554.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 94.64 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 109.15 554.25 Td (each ) Tj ET Q q 0 0 0 rg BT 130.33 554.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 173.74 554.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 221.01 554.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 259.97 554.25 Td (is ) Tj ET Q q 0 0 0 rg BT 269.50 554.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 312.88 554.25 Td (by ) Tj ET Q q 0 0 0 rg BT 325.74 554.25 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 375.27 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.34 554.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 437.08 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.27 554.25 Td (default ) Tj ET Q q 0 0 0 rg BT 478.89 554.25 Td (by ) Tj ET Q q 0 0 0 rg BT 491.75 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.83 554.25 Td (net ) Tj ET Q q 0 0 0 rg BT 521.90 554.25 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 542.25 Td (over ) Tj ET Q q 0 0 0 rg BT 74.27 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.99 542.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 135.90 542.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 159.23 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.73 542.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 521.25 Td (Movements in the allowance for credit losses during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.38 521.25 Td (three months ended March 31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.79 521.25 Td ( were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 489.75 417.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 489.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 459.75 417.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 459.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 429.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 429.75 86.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 489.75 m 557.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 429.75 m 557.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 416.75 m 557.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 414.75 m 557.5 414.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.60 502.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 490.79 502.43 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.50 494.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 502.46 494.43 Td (ch 31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 479.87 Td (Allowance for credit losses at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 479.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 479.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 464.87 Td (Cumulative ef) Tj ET Q q 0 0 0 rg BT 113.84 464.87 Td (fect due to adoption of new accounting standard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 464.42 Td (30,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 449.87 Td (Current period provision for expected credit losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 449.42 Td (8,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 434.87 Td (W) Tj ET Q q 0 0 0 rg BT 66.04 434.87 Td (rite-of) Tj ET Q q 0 0 0 rg BT 90.84 434.87 Td (fs char) Tj ET Q q 0 0 0 rg BT 117.59 434.87 Td (ged against the allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 434.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 420.48 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 116.53 420.48 Td ( cr) Tj ET Q q 0 0 0 rg BT 127.72 420.48 Td (edit losses at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 420.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 420.43 Td (38,835) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 396.25 Td (During ) Tj ET Q q 0 0 0 rg BT 107.10 396.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.58 396.25 Td (three ) Tj ET Q q 0 0 0 rg BT 143.83 396.25 Td (months ) Tj ET Q q 0 0 0 rg BT 175.55 396.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 201.69 396.25 Td (March ) Tj ET Q q 0 0 0 rg BT 230.06 396.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 244.83 396.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.83 396.25 Td (, ) Tj ET Q q 0 0 0 rg BT 269.59 396.25 Td (we ) Tj ET Q q 0 0 0 rg BT 283.52 396.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 323.54 396.25 Td (our ) Tj ET Q q 0 0 0 rg BT 339.14 396.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 364.17 396.25 Td (provision, ) Tj ET Q q 0 0 0 rg BT 406.71 396.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 446.75 396.25 Td (in ) Tj ET Q q 0 0 0 rg BT 456.79 396.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 487.38 396.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 528.25 396.25 Td (by ) Tj ET Q q 0 0 0 rg BT 540.52 396.25 Td ($8.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 384.25 Td (million ) Tj ET Q q 0 0 0 rg BT 84.83 384.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.54 384.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 122.01 384.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.16 384.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 175.85 384.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 200.55 384.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 217.49 384.25 Td (due ) Tj ET Q q 0 0 0 rg BT 233.86 384.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.58 384.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.73 384.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 297.44 384.25 Td (outbreak. ) Tj ET Q q 0 0 0 rg BT 336.44 384.25 Td (As ) Tj ET Q q 0 0 0 rg BT 349.49 384.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.75 384.25 Td (March ) Tj ET Q q 0 0 0 rg BT 387.79 384.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 402.23 384.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 426.66 384.25 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 446.10 384.25 Td (million ) Tj ET Q q 0 0 0 rg BT 476.92 384.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.19 384.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 527.45 384.25 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 372.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.39 372.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 98.66 372.25 Td (Leases ) Tj ET Q q 0 0 0 rg BT 128.48 372.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.53 372.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 169.25 372.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 212.94 372.25 Td (were ) Tj ET Q q 0 0 0 rg BT 234.98 372.25 Td (30-60 ) Tj ET Q q 0 0 0 rg BT 260.92 372.25 Td (days ) Tj ET Q q 0 0 0 rg BT 281.87 372.25 Td (past ) Tj ET Q q 0 0 0 rg BT 300.59 372.25 Td (due, ) Tj ET Q q 0 0 0 rg BT 320.14 372.25 Td (which ) Tj ET Q q 0 0 0 rg BT 347.19 372.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 395.88 372.25 Td (less ) Tj ET Q q 0 0 0 rg BT 413.50 372.25 Td (than ) Tj ET Q q 0 0 0 rg BT 433.33 372.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 449.27 372.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.21 372.25 Td (our ) Tj ET Q q 0 0 0 rg BT 476.15 372.25 Td (total ) Tj ET Q q 0 0 0 rg BT 496.54 372.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 530.81 372.25 Td (Leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 360.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 360.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 94.55 360.25 Td (receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 339.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 339.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.43 339.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 126.95 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.03 339.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 167.65 339.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 198.28 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.46 339.25 Td (our ) Tj ET Q q 0 0 0 rg BT 225.65 339.25 Td (lessee ) Tj ET Q q 0 0 0 rg BT 252.38 339.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 295.79 339.25 Td (through ) Tj ET Q q 0 0 0 rg BT 329.75 339.25 Td (an ) Tj ET Q q 0 0 0 rg BT 342.05 339.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 375.45 339.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 401.07 339.25 Td (review ) Tj ET Q q 0 0 0 rg BT 431.13 339.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 478.42 339.25 Td (process ) Tj ET Q q 0 0 0 rg BT 511.27 339.25 Td (that ) Tj ET Q q 0 0 0 rg BT 529.12 339.25 Td (assigns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 327.25 Td (each ) Tj ET Q q 0 0 0 rg BT 75.31 327.25 Td (lessee ) Tj ET Q q 0 0 0 rg BT 102.19 327.25 Td (with ) Tj ET Q q 0 0 0 rg BT 122.96 327.25 Td (a ) Tj ET Q q 0 0 0 rg BT 130.40 327.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 156.16 327.25 Td (score ) Tj ET Q q 0 0 0 rg BT 180.26 327.25 Td (between ) Tj ET Q q 0 0 0 rg BT 216.57 327.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 224.57 327.25 Td (\(Excellent\) ) Tj ET Q q 0 0 0 rg BT 271.99 327.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.42 327.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 302.42 327.25 Td (\(Poor\). ) Tj ET Q q 0 0 0 rg BT 332.81 327.25 Td (All ) Tj ET Q q 0 0 0 rg BT 348.59 327.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 377.13 327.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 420.67 327.25 Td (are ) Tj ET Q q 0 0 0 rg BT 435.88 327.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 472.76 327.25 Td (at ) Tj ET Q q 0 0 0 rg BT 482.97 327.25 Td (least ) Tj ET Q q 0 0 0 rg BT 504.30 327.25 Td (annually) Tj ET Q q 0 0 0 rg BT 538.08 327.25 Td (, ) Tj ET Q q 0 0 0 rg BT 543.58 327.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 315.25 Td (more ) Tj ET Q q 0 0 0 rg BT 77.05 315.25 Td (frequently ) Tj ET Q q 0 0 0 rg BT 120.64 315.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 164.80 315.25 Td (on ) Tj ET Q q 0 0 0 rg BT 177.30 315.25 Td (risk.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.65 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (24) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 704.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 704.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.00 704.25 Td (Earnings per) Tj ET Q q 0 0 0 rg BT 124.66 704.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 145.87 704.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 683.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 101.62 683.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 140.06 683.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 156.29 683.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 181.96 683.25 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 217.63 683.25 Td (is ) Tj ET Q q 0 0 0 rg BT 227.20 683.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 270.63 683.25 Td (by ) Tj ET Q q 0 0 0 rg BT 283.53 683.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 319.77 683.25 Td (net ) Tj ET Q q 0 0 0 rg BT 334.88 683.25 Td (income ) Tj ET Q q 0 0 0 rg BT 367.22 683.25 Td (by ) Tj ET Q q 0 0 0 rg BT 380.12 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.24 683.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 434.79 683.25 Td (average ) Tj ET Q q 0 0 0 rg BT 468.78 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.01 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 496.24 683.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 533.01 683.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 106.86 671.25 Td (which ) Tj ET Q q 0 0 0 rg BT 134.99 671.25 Td (excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.67 671.25 Td (2,300,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.67 671.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.36 671.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.50 671.25 Td (2,418,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 671.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.19 671.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 307.87 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.90 671.25 Td (unvested ) Tj ET Q q 0 0 0 rg BT 359.14 671.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 400.04 671.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 424.84 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 436.86 671.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.89 671.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 493.68 671.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.68 671.25 Td ( ) Tj ET Q q 0 0 0 rg BT 517.37 671.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.50 671.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.50 671.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 101.66 659.25 Td (. ) Tj ET Q q 0 0 0 rg BT 105.82 659.25 Td (For ) Tj ET Q q 0 0 0 rg BT 121.36 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.24 659.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 180.76 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.74 659.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 220.17 659.25 Td (EPS, ) Tj ET Q q 0 0 0 rg BT 241.56 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.43 659.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 293.74 659.25 Td (average ) Tj ET Q q 0 0 0 rg BT 326.48 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.47 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 351.45 659.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 386.98 659.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 413.63 659.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 461.95 659.25 Td (for ) Tj ET Q q 0 0 0 rg BT 475.26 659.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 497.47 659.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 516.35 659.25 Td (is ) Tj ET Q q 0 0 0 rg BT 524.68 659.25 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (by ) Tj ET Q q 0 0 0 rg BT 66.32 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.85 647.25 Td (ef) Tj ET Q q 0 0 0 rg BT 88.44 647.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 105.75 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.39 647.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 149.26 647.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 191.85 647.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 229.71 647.25 Td (under ) Tj ET Q q 0 0 0 rg BT 254.80 647.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.45 647.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 297.76 647.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 355.62 647.25 Td (plans. ) Tj ET Q q 0 0 0 rg BT 381.38 647.25 Td (The ) Tj ET Q q 0 0 0 rg BT 399.24 647.25 Td (number ) Tj ET Q q 0 0 0 rg BT 432.11 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.76 647.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 470.07 647.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 508.48 647.25 Td (from ) Tj ET Q q 0 0 0 rg BT 530.24 647.25 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 81.80 635.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 131.28 635.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.64 635.25 Td (196,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.14 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 184.95 635.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.20 635.25 Td (203,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.70 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.51 635.25 Td (for ) Tj ET Q q 0 0 0 rg BT 251.99 635.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.01 635.25 Td (three ) Tj ET Q q 0 0 0 rg BT 289.81 635.25 Td (months ) Tj ET Q q 0 0 0 rg BT 322.07 635.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 348.76 635.25 Td (March ) Tj ET Q q 0 0 0 rg BT 377.67 635.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 392.98 635.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.98 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 415.79 635.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.04 635.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.04 635.25 Td (, ) Tj ET Q q 0 0 0 rg BT 458.35 635.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 506.02 635.25 Td (, ) Tj ET Q q 0 0 0 rg BT 511.33 635.25 Td (because ) Tj ET Q q 0 0 0 rg BT 545.78 635.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.25 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 623.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.07 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.90 623.25 Td (including ) Tj ET Q q 0 0 0 rg BT 130.18 623.25 Td (these ) Tj ET Q q 0 0 0 rg BT 153.22 623.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.71 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.99 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.71 623.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 252.08 623.25 Td (would ) Tj ET Q q 0 0 0 rg BT 279.58 623.25 Td (have ) Tj ET Q q 0 0 0 rg BT 300.95 623.25 Td (been ) Tj ET Q q 0 0 0 rg BT 322.33 623.25 Td (anti-dilutive. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 602.25 Td (Basic and diluted EPS for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.04 602.25 Td (three months ended March 31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.45 602.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.88 602.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.88 602.25 Td ( were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 565.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 565.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 565.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 535.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 535.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 535.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 535.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 480.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 480.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 480.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 450.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 450.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 450.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 450.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 578.75 m 480.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 578.75 m 484.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 578.75 m 557.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 565.75 m 480.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 565.75 m 557.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 565.75 m 480.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 565.75 m 557.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 493.75 m 480.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 493.75 m 484.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 493.75 m 557.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 480.75 m 480.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 480.75 m 557.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 480.75 m 480.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 480.75 m 557.5 480.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.10 582.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 440.36 582.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 516.88 582.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 569.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.50 569.98 Td (2019) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 562.35 181.35 -9.09 re f /GS0 gs q 0 0 0 rg BT 56.00 555.42 Td (Net income for the computation of basic EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 555.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 555.42 Td (276,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 555.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 555.42 Td (234,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 540.42 Td (W) Tj ET Q q 0 0 0 rg BT 65.04 540.42 Td (eighted average ordinary shares outstanding - basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 540.42 Td (128,299,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 540.42 Td (138,153,456) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 533.20 43.62 -8.93 re f /GS0 gs q 0 0 0 rg BT 56.00 526.43 Td (Basic EPS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 526.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 526.43 Td (2.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 526.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.15 526.43 Td (1.70) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.10 497.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 440.36 497.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 516.88 497.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 484.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.50 484.98 Td (2019) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 477.35 188.57 -9.09 re f /GS0 gs q 0 0 0 rg BT 56.00 470.42 Td (Net income for the computation of diluted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 470.42 Td (276,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 470.42 Td (234,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 455.42 Td (W) Tj ET Q q 0 0 0 rg BT 64.64 455.42 Td (eighted average ordinary shares outstanding - diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 455.42 Td (129,340,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 455.42 Td (139,618,644) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 448.20 52.51 -8.93 re f /GS0 gs q 0 0 0 rg BT 56.00 441.43 Td (Diluted EPS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 441.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 441.43 Td (2.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 441.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.15 441.43 Td (1.68) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 413.25 Td (Ordinary ) Tj ET Q q 0 0 0 rg BT 114.86 413.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 142.10 413.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 193.53 413.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 235.22 413.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.46 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.05 413.25 Td (unvested ) Tj ET Q q 0 0 0 rg BT 310.86 413.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 350.32 413.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 376.18 413.25 Td (as ) Tj ET Q q 0 0 0 rg BT 386.77 413.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.36 413.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 440.71 413.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.71 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 462.97 413.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.67 413.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 538.01 413.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.25 Td (were ) Tj ET Q q 0 0 0 rg BT 75.93 401.25 Td (as ) Tj ET Q q 0 0 0 rg BT 86.76 401.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 364.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 364.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 364.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 364.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 334.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 334.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 334.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 305.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 305.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 305.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 377.75 m 481.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 377.75 m 558.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 334.75 m 481.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 334.75 m 558.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 334.75 m 481.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 334.75 m 558.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 305.75 m 481.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 305.75 m 481.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 292.75 m 481.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 290.75 m 481.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 305.75 m 558.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 292.75 m 558.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 290.75 m 558.5 290.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 382.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 382.43 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 382.43 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 382.43 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.55 368.98 Td (Number) Tj ET Q q 0 0 0 rg BT 464.85 368.98 Td ( of ordinary shar) Tj ET Q q 0 0 0 rg BT 522.70 368.98 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 354.42 Td (Ordinary shares issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 354.42 Td (138,847,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 354.42 Td (141,847,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 339.42 Td (T) Tj ET Q q 0 0 0 rg BT 62.93 339.42 Td (reasury shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.30 339.47 Td (\(9,210,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 339.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.30 339.47 Td (\(10,263,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 339.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 325.43 Td (Ordinary shar) Tj ET Q q 0 0 0 rg BT 118.86 325.43 Td (es outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 325.43 Td (129,637,008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 325.43 Td (131,583,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 310.42 Td (Shares of unvested restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.30 310.47 Td (\(2,300,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 310.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.30 310.47 Td (\(2,354,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 310.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 296.43 Td (Ordinary shar) Tj ET Q q 0 0 0 rg BT 118.77 296.43 Td (es outstanding, excluding shar) Tj ET Q q 0 0 0 rg BT 247.50 296.43 Td (es of unvested r) Tj ET Q q 0 0 0 rg BT 313.70 296.43 Td (estricted stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 296.43 Td (127,336,413) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 296.43 Td (129,229,171) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.75 Td ( 21. ) Tj ET Q q 0 0 0 rg BT 67.32 703.75 Td (V) Tj ET Q q 0 0 0 rg BT 73.62 703.75 Td (ariable inter) Tj ET Q q 0 0 0 rg BT 126.48 703.75 Td (est entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (25) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 686.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.43 686.10 Td (use ) Tj ET Q q 0 0 0 rg BT 106.62 686.10 Td (many ) Tj ET Q q 0 0 0 rg BT 130.69 686.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 155.87 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.06 686.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 196.79 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.42 686.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 238.81 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.00 686.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 284.18 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.47 686.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 340.09 686.10 Td (business ) Tj ET Q q 0 0 0 rg BT 375.83 686.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 418.23 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.52 686.10 Td (we ) Tj ET Q q 0 0 0 rg BT 448.04 686.10 Td (have ) Tj ET Q q 0 0 0 rg BT 468.77 686.10 Td (participated ) Tj ET Q q 0 0 0 rg BT 517.82 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.45 686.10 Td (varying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (degrees ) Tj ET Q q 0 0 0 rg BT 87.13 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.50 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.31 674.10 Td (design ) Tj ET Q q 0 0 0 rg BT 141.01 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.04 674.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 200.06 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 674.10 Td (these ) Tj ET Q q 0 0 0 rg BT 234.12 674.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 268.10 674.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 286.24 674.10 Td (involvement ) Tj ET Q q 0 0 0 rg BT 338.82 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.01 674.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 372.15 674.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 398.62 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.65 674.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 451.57 674.10 Td (being ) Tj ET Q q 0 0 0 rg BT 476.37 674.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.40 674.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 515.43 674.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 550.24 674.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.33 662.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 87.28 662.10 Td (with ) Tj ET Q q 0 0 0 rg BT 107.34 662.10 Td (involvement ) Tj ET Q q 0 0 0 rg BT 159.61 662.10 Td (from ) Tj ET Q q 0 0 0 rg BT 181.33 662.10 Td (other ) Tj ET Q q 0 0 0 rg BT 204.16 662.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 235.60 662.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 277.32 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.04 662.10 Td (structuring ) Tj ET Q q 0 0 0 rg BT 339.65 662.10 Td (all ) Tj ET Q q 0 0 0 rg BT 351.92 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.54 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.87 662.10 Td (VIE) Tj ET Q q 0 0 0 rg BT 396.31 662.10 Td (s ) Tj ET Q q 0 0 0 rg BT 402.48 662.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 443.36 662.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.98 662.10 Td (being ) Tj ET Q q 0 0 0 rg BT 478.48 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.98 662.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 511.37 662.10 Td (shareholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.37 650.10 Td (VIE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 629.10 Td (During ) Tj ET Q q 0 0 0 rg BT 107.06 629.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 629.10 Td (three ) Tj ET Q q 0 0 0 rg BT 143.72 629.10 Td (months ) Tj ET Q q 0 0 0 rg BT 175.39 629.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 201.50 629.10 Td (March ) Tj ET Q q 0 0 0 rg BT 229.82 629.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 244.55 629.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.55 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 269.28 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 283.17 629.10 Td (did ) Tj ET Q q 0 0 0 rg BT 298.17 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 313.18 629.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 345.96 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 362.62 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.83 629.10 Td (support ) Tj ET Q q 0 0 0 rg BT 432.06 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.07 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 458.73 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.29 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 484.69 629.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 507.47 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 524.69 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 538.58 629.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 69.28 617.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 123.98 617.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 163.69 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.97 617.10 Td (provide.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 596.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 112.44 596.10 Td (VIEs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 575.10 Td (As ) Tj ET Q q 0 0 0 rg BT 92.18 575.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.08 575.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 150.75 575.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.75 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.32 575.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.33 575.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 254.98 575.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.98 575.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.05 575.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 337.17 575.10 Td (all ) Tj ET Q q 0 0 0 rg BT 351.74 575.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 379.63 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.64 575.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 440.43 575.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 483.31 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.66 575.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.56 575.10 Td (Condensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 563.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 109.27 563.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 143.98 563.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 172.58 563.10 Td (were ) Tj ET Q q 0 0 0 rg BT 194.51 563.10 Td (held ) Tj ET Q q 0 0 0 rg BT 214.23 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.51 563.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 277.37 563.10 Td (VIEs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 542.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 542.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.43 542.10 Td (have ) Tj ET Q q 0 0 0 rg BT 112.17 542.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 159.01 542.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.86 542.10 Td (we ) Tj ET Q q 0 0 0 rg BT 189.38 542.10 Td (are ) Tj ET Q q 0 0 0 rg BT 203.44 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.52 542.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 251.03 542.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 297.86 542.10 Td (\(PB\) ) Tj ET Q q 0 0 0 rg BT 327.49 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.67 542.10 Td (these ) Tj ET Q q 0 0 0 rg BT 360.08 542.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 390.82 542.10 Td (because ) Tj ET Q q 0 0 0 rg BT 424.32 542.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.84 542.10 Td (control ) Tj ET Q q 0 0 0 rg BT 468.02 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.32 542.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 517.27 542.10 Td (all ) Tj ET Q q 0 0 0 rg BT 529.12 542.10 Td (aspects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.87 530.10 Td (these ) Tj ET Q q 0 0 0 rg BT 87.96 530.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 121.88 530.10 Td (including ) Tj ET Q q 0 0 0 rg BT 162.19 530.10 Td (directing ) Tj ET Q q 0 0 0 rg BT 200.28 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.03 530.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 253.67 530.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.21 530.10 Td (most ) Tj ET Q q 0 0 0 rg BT 293.20 530.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 345.73 530.10 Td (af) Tj ET Q q 0 0 0 rg BT 353.32 530.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 370.84 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.60 530.10 Td (entities) Tj ET Q q 0 0 0 rg BT 417.07 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.61 530.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 461.02 530.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 516.59 530.10 Td (absorb ) Tj ET Q q 0 0 0 rg BT 545.79 530.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 518.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 90.38 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.21 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.93 518.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 137.32 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.26 518.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 188.41 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.24 518.10 Td (these ) Tj ET Q q 0 0 0 rg BT 222.29 518.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 253.67 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.61 518.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 311.97 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.69 518.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 365.28 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.11 518.10 Td (these ) Tj ET Q q 0 0 0 rg BT 399.16 518.10 Td (entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.39 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.07 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.75 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.43 497.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 199.15 497.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 222.05 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 239.39 497.10 Td (can ) Tj ET Q q 0 0 0 rg BT 255.61 497.10 Td (only ) Tj ET Q q 0 0 0 rg BT 275.74 497.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.53 497.10 Td (used ) Tj ET Q q 0 0 0 rg BT 308.20 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.33 497.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 341.78 497.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 388.57 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.25 497.10 Td (these ) Tj ET Q q 0 0 0 rg BT 422.14 497.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 455.87 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.66 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.22 497.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 526.79 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.47 497.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 76.39 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 89.90 485.10 Td (which ) Tj ET Q q 0 0 0 rg BT 116.18 485.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 153.00 485.10 Td (do ) Tj ET Q q 0 0 0 rg BT 164.85 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 179.47 485.10 Td (have ) Tj ET Q q 0 0 0 rg BT 200.19 485.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 235.90 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.52 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.69 485.10 Td (general ) Tj ET Q q 0 0 0 rg BT 291.96 485.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 319.06 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.11 485.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 372.17 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.79 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.96 485.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 443.24 485.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 497.86 485.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 531.90 485.10 Td (Sheets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.31 473.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 136.28 473.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 170.47 473.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 193.56 473.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.82 473.10 Td (Further ) Tj ET Q q 0 0 0 rg BT 277.80 473.10 Td (details ) Tj ET Q q 0 0 0 rg BT 306.44 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.31 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 337.06 473.10 Td (held ) Tj ET Q q 0 0 0 rg BT 356.82 473.10 Td (by ) Tj ET Q q 0 0 0 rg BT 369.36 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.22 473.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 438.12 473.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 461.21 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.96 473.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 515.71 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.03 473.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 473.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 64.00 461.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.44 461.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td (Wholly-owned ECA) Tj ET Q q 0 0 0 rg BT 135.41 440.10 Td ( and Ex-Im financing vehicles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 419.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 419.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.67 419.10 Td (have ) Tj ET Q q 0 0 0 rg BT 112.64 419.10 Td (created ) Tj ET Q q 0 0 0 rg BT 143.59 419.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 172.89 419.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 232.75 419.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 282.06 419.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.81 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.12 419.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 343.87 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.29 419.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 400.26 419.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 431.22 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.75 419.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 487.61 419.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 527.47 419.10 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 407.10 Td (by ) Tj ET Q q 0 0 0 rg BT 66.14 407.10 Td (such ) Tj ET Q q 0 0 0 rg BT 86.61 407.10 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 119.96 407.10 Td (The ) Tj ET Q q 0 0 0 rg BT 137.65 407.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 170.33 407.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 189.69 407.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.50 407.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 244.50 407.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.64 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.00 407.10 Td (European ) Tj ET Q q 0 0 0 rg BT 311.46 407.10 Td (ECAs ) Tj ET Q q 0 0 0 rg BT 337.49 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.07 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.43 407.10 Td (Export-Import ) Tj ET Q q 0 0 0 rg BT 428.33 407.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 451.58 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.05 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.41 407.10 Td (United ) Tj ET Q q 0 0 0 rg BT 505.77 407.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 534.14 407.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 395.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 84.87 395.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 106.29 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.50 395.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 161.37 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.69 395.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.98 395.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 196.63 395.10 Td (because ) Tj ET Q q 0 0 0 rg BT 230.26 395.10 Td (they ) Tj ET Q q 0 0 0 rg BT 249.47 395.10 Td (do ) Tj ET Q q 0 0 0 rg BT 261.46 395.10 Td (not ) Tj ET Q q 0 0 0 rg BT 276.23 395.10 Td (have ) Tj ET Q q 0 0 0 rg BT 297.09 395.10 Td (suf) Tj ET Q q 0 0 0 rg BT 309.13 395.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 336.67 395.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 363.65 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.42 395.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 404.83 395.10 Td (without ) Tj ET Q q 0 0 0 rg BT 437.38 395.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 491.02 395.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.99 395.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 75.94 383.10 Td (us ) Tj ET Q q 0 0 0 rg BT 87.33 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.61 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.33 383.10 Td (form ) Tj ET Q q 0 0 0 rg BT 134.26 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.09 383.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 202.57 383.10 Td (notes. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 362.10 Td (Other secured financings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 341.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 341.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.29 341.10 Td (have ) Tj ET Q q 0 0 0 rg BT 113.89 341.10 Td (created ) Tj ET Q q 0 0 0 rg BT 145.47 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.63 341.10 Td (number ) Tj ET Q q 0 0 0 rg BT 185.89 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.94 341.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 257.43 341.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 307.37 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.75 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.68 341.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 371.06 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.11 341.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 422.60 341.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 455.86 341.10 Td (financings. ) Tj ET Q q 0 0 0 rg BT 502.53 341.10 Td (These ) Tj ET Q q 0 0 0 rg BT 529.13 341.10 Td (entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 75.92 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.63 329.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 132.00 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.82 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.57 329.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 168.72 329.10 Td (because ) Tj ET Q q 0 0 0 rg BT 202.85 329.10 Td (they ) Tj ET Q q 0 0 0 rg BT 222.56 329.10 Td (do ) Tj ET Q q 0 0 0 rg BT 235.05 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 250.31 329.10 Td (have ) Tj ET Q q 0 0 0 rg BT 271.68 329.10 Td (suf) Tj ET Q q 0 0 0 rg BT 283.72 329.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 311.75 329.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 339.24 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.50 329.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 381.42 329.10 Td (without ) Tj ET Q q 0 0 0 rg BT 414.46 329.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 468.61 329.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.08 329.10 Td (support ) Tj ET Q q 0 0 0 rg BT 538.57 329.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td (us ) Tj ET Q q 0 0 0 rg BT 65.39 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 75.67 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.39 317.10 Td (form ) Tj ET Q q 0 0 0 rg BT 112.33 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.16 317.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 180.64 317.10 Td (notes. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 296.10 Td (Wholly-owned leasing entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 275.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 275.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.70 275.10 Td (have ) Tj ET Q q 0 0 0 rg BT 112.71 275.10 Td (created ) Tj ET Q q 0 0 0 rg BT 143.69 275.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 203.59 275.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 252.93 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.72 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.06 275.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 314.85 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.31 275.10 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 370.75 275.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 401.74 275.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 427.74 275.10 Td (with ) Tj ET Q q 0 0 0 rg BT 447.65 275.10 Td (airlines. ) Tj ET Q q 0 0 0 rg BT 481.55 275.10 Td (These ) Tj ET Q q 0 0 0 rg BT 507.55 275.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 538.56 275.10 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 263.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 110.10 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.94 263.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.70 263.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 146.86 263.10 Td (because ) Tj ET Q q 0 0 0 rg BT 181.01 263.10 Td (they ) Tj ET Q q 0 0 0 rg BT 200.73 263.10 Td (do ) Tj ET Q q 0 0 0 rg BT 213.23 263.10 Td (not ) Tj ET Q q 0 0 0 rg BT 228.51 263.10 Td (have ) Tj ET Q q 0 0 0 rg BT 249.89 263.10 Td (suf) Tj ET Q q 0 0 0 rg BT 261.93 263.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 289.97 263.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 317.47 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.75 263.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 359.68 263.10 Td (without ) Tj ET Q q 0 0 0 rg BT 392.74 263.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 446.90 263.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.38 263.10 Td (support ) Tj ET Q q 0 0 0 rg BT 516.88 263.10 Td (from ) Tj ET Q q 0 0 0 rg BT 538.82 263.10 Td (us ) Tj ET Q q 0 0 0 rg BT 550.22 263.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 251.10 Td (form ) Tj ET Q q 0 0 0 rg BT 90.66 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.49 251.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 158.97 251.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 185.07 251.10 Td (which ) Tj ET Q q 0 0 0 rg BT 212.01 251.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 235.61 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.44 251.10 Td (equity) Tj ET Q q 0 0 0 rg BT 270.79 251.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 230.10 Td (Limited recourse financing structures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.01 209.10 Td (have ) Tj ET Q q 0 0 0 rg BT 113.33 209.10 Td (established ) Tj ET Q q 0 0 0 rg BT 160.20 209.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 191.52 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.74 209.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 229.17 209.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 262.15 209.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 306.24 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.34 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.99 209.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 372.97 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.73 209.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 415.03 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.25 209.10 Td (which ) Tj ET Q q 0 0 0 rg BT 452.13 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 466.23 209.10 Td (have ) Tj ET Q q 0 0 0 rg BT 487.54 209.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 522.18 209.10 Td (interests. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 197.10 Td (These ) Tj ET Q q 0 0 0 rg BT 80.19 197.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 111.39 197.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 133.14 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.67 197.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 188.86 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.51 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.09 197.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 225.07 197.10 Td (because ) Tj ET Q q 0 0 0 rg BT 259.03 197.10 Td (they ) Tj ET Q q 0 0 0 rg BT 278.56 197.10 Td (do ) Tj ET Q q 0 0 0 rg BT 290.87 197.10 Td (not ) Tj ET Q q 0 0 0 rg BT 305.97 197.10 Td (have ) Tj ET Q q 0 0 0 rg BT 327.16 197.10 Td (suf) Tj ET Q q 0 0 0 rg BT 339.20 197.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 367.06 197.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 394.36 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.46 197.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 436.20 197.10 Td (without ) Tj ET Q q 0 0 0 rg BT 469.07 197.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 523.04 197.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 185.10 Td (support ) Tj ET Q q 0 0 0 rg BT 87.34 185.10 Td (from ) Tj ET Q q 0 0 0 rg BT 110.13 185.10 Td (us ) Tj ET Q q 0 0 0 rg BT 122.36 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.49 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.05 185.10 Td (form ) Tj ET Q q 0 0 0 rg BT 171.83 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.51 185.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 241.83 185.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 268.54 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 287.44 185.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 311.89 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.56 185.10 Td (these ) Tj ET Q q 0 0 0 rg BT 347.45 185.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 379.68 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 395.23 185.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 450.77 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.90 185.10 Td (us ) Tj ET Q q 0 0 0 rg BT 474.13 185.10 Td (except ) Tj ET Q q 0 0 0 rg BT 503.57 185.10 Td (under ) Tj ET Q q 0 0 0 rg BT 529.69 185.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 173.10 Td (circumstances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 152.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 110.66 152.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 146.49 152.10 Td (I ) Tj ET Q q 0 0 0 rg BT 152.89 152.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 188.73 152.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 223.45 152.10 Td (\(AerCap ) Tj ET Q q 0 0 0 rg BT 265.38 152.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 301.21 152.10 Td (I\), ) Tj ET Q q 0 0 0 rg BT 317.20 152.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 351.36 152.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 387.19 152.10 Td (767 ) Tj ET Q q 0 0 0 rg BT 405.25 152.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 439.98 152.10 Td (\(AerCap ) Tj ET Q q 0 0 0 rg BT 481.91 152.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 517.74 152.10 Td (767\) ) Tj ET Q q 0 0 0 rg BT 543.57 152.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 140.10 Td (AerFunding ) Tj ET Q q 0 0 0 rg BT 106.04 140.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.95 140.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 154.54 140.10 Td (where ) Tj ET Q q 0 0 0 rg BT 182.68 140.10 Td (we ) Tj ET Q q 0 0 0 rg BT 198.05 140.10 Td (have ) Tj ET Q q 0 0 0 rg BT 220.64 140.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 269.32 140.10 Td (we ) Tj ET Q q 0 0 0 rg BT 284.69 140.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.61 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.53 140.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 332.47 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.51 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.44 140.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 386.92 140.10 Td (because ) Tj ET Q q 0 0 0 rg BT 422.27 140.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.64 140.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 464.11 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.04 140.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 519.85 140.10 Td (that ) Tj ET Q q 0 0 0 rg BT 538.55 140.10 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 128.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 106.60 128.10 Td (af) Tj ET Q q 0 0 0 rg BT 114.19 128.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 131.78 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.60 128.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 188.08 128.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 241.21 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.15 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.97 128.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 292.35 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.40 128.10 Td (we ) Tj ET Q q 0 0 0 rg BT 323.67 128.10 Td (absorb ) Tj ET Q q 0 0 0 rg BT 352.94 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.98 128.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 404.80 128.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 436.29 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.23 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.06 128.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 483.56 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.60 128.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 534.86 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.80 128.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.10 Td (entity) Tj ET Q q 0 0 0 rg BT 76.12 116.10 Td (. ) Tj ET Q q 0 0 0 rg BT 81.73 116.10 Td (W) Tj ET Q q 0 0 0 rg BT 90.37 116.10 Td (e ) Tj ET Q q 0 0 0 rg BT 98.16 116.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 132.05 116.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 155.39 116.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 212.33 116.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 253.99 116.10 Td (management ) Tj ET Q q 0 0 0 rg BT 308.43 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.22 116.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 358.43 116.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 381.22 116.10 Td (management ) Tj ET Q q 0 0 0 rg BT 435.66 116.10 Td (services ) Tj ET Q q 0 0 0 rg BT 471.21 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.60 116.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 516.05 116.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 552.17 116.10 Td (I, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 87.60 104.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 122.87 104.10 Td (767 ) Tj ET Q q 0 0 0 rg BT 140.37 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.75 104.10 Td (AerFunding ) Tj ET Q q 0 0 0 rg BT 207.58 104.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.74 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.68 104.10 Td (fee. ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 21. ) Tj ET Q q 0 0 0 rg BT 67.32 708.75 Td (V) Tj ET Q q 0 0 0 rg BT 73.62 708.75 Td (ariable inter) Tj ET Q q 0 0 0 rg BT 126.48 708.75 Td (est entities \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (26) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (AerCap Partners I and ) Tj ET Q q 0 0 0 rg BT 150.31 686.25 Td (AerCap Partners 767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 666.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 110.10 666.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 145.37 666.25 Td (I ) Tj ET Q q 0 0 0 rg BT 151.20 666.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.58 666.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 201.18 666.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 236.45 666.25 Td (767 ) Tj ET Q q 0 0 0 rg BT 253.95 666.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.66 666.25 Td (50%-50% ) Tj ET Q q 0 0 0 rg BT 311.15 666.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 331.98 666.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 368.36 666.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 397.52 666.25 Td (by ) Tj ET Q q 0 0 0 rg BT 410.02 666.25 Td (us ) Tj ET Q q 0 0 0 rg BT 421.41 666.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.35 666.25 Td (Deucalion ) Tj ET Q q 0 0 0 rg BT 481.39 666.25 Td (A) Tj ET Q q 0 0 0 rg BT 487.87 666.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 518.15 666.25 Td (Funds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 645.25 Td (As ) Tj ET Q q 0 0 0 rg BT 89.93 645.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.57 645.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 143.98 645.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 168.28 645.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 201.69 645.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 236.77 645.25 Td (I ) Tj ET Q q 0 0 0 rg BT 242.41 645.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.16 645.25 Td ($54.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.66 645.25 Td ( ) Tj ET Q q 0 0 0 rg BT 283.98 645.25 Td (million ) Tj ET Q q 0 0 0 rg BT 315.18 645.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.82 645.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 379.79 645.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 399.32 645.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 450.79 645.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 493.66 645.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.31 645.25 Td ($27.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.81 645.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.12 645.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 633.25 Td (due ) Tj ET Q q 0 0 0 rg BT 70.94 633.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.22 633.25 Td (us ) Tj ET Q q 0 0 0 rg BT 92.61 633.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.55 633.25 Td ($27.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.05 633.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.55 633.25 Td (million ) Tj ET Q q 0 0 0 rg BT 165.94 633.25 Td (due ) Tj ET Q q 0 0 0 rg BT 182.88 633.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.16 633.25 Td (our ) Tj ET Q q 0 0 0 rg BT 208.99 633.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 229.82 633.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 262.31 633.25 Td (partner) Tj ET Q q 0 0 0 rg BT 290.07 633.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 612.25 Td (As ) Tj ET Q q 0 0 0 rg BT 89.23 612.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.18 612.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 141.89 612.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.89 612.25 Td (, ) Tj ET Q q 0 0 0 rg BT 165.65 612.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 198.36 612.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 232.75 612.25 Td (767 ) Tj ET Q q 0 0 0 rg BT 249.37 612.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.42 612.25 Td ($32.6 ) Tj ET Q q 0 0 0 rg BT 289.54 612.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.43 612.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.04 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.99 612.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 383.26 612.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 402.10 612.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 452.88 612.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 495.05 612.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 612.25 Td ($16.3 ) Tj ET Q q 0 0 0 rg BT 529.11 612.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 600.25 Td (due ) Tj ET Q q 0 0 0 rg BT 70.94 600.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.22 600.25 Td (us ) Tj ET Q q 0 0 0 rg BT 92.61 600.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.55 600.25 Td ($16.3 ) Tj ET Q q 0 0 0 rg BT 134.55 600.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.44 600.25 Td ( ) Tj ET Q q 0 0 0 rg BT 165.94 600.25 Td (due ) Tj ET Q q 0 0 0 rg BT 182.88 600.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.16 600.25 Td (our ) Tj ET Q q 0 0 0 rg BT 208.99 600.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 229.82 600.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 262.31 600.25 Td (partner) Tj ET Q q 0 0 0 rg BT 290.07 600.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 579.25 Td (AerFunding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 559.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 559.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.08 559.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 112.35 559.25 Td (a ) Tj ET Q q 0 0 0 rg BT 119.29 559.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 135.12 559.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 162.62 559.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 209.00 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.94 559.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 251.77 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.60 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.32 559.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 331.47 559.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 355.08 559.25 Td (\(AerFunding ) Tj ET Q q 0 0 0 rg BT 413.68 559.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 437.85 559.25 Td (E-1 ) Tj ET Q q 0 0 0 rg BT 454.79 559.25 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 488.38 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.11 559.25 Td (AerFunding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 538.25 Td (As ) Tj ET Q q 0 0 0 rg BT 90.37 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.46 538.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 145.32 538.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.32 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 169.97 538.25 Td (AerFunding ) Tj ET Q q 0 0 0 rg BT 221.06 538.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.26 538.25 Td ($863.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.76 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.52 538.25 Td (million ) Tj ET Q q 0 0 0 rg BT 300.17 538.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 349.60 538.25 Td (under ) Tj ET Q q 0 0 0 rg BT 375.13 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.33 538.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 415.63 538.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 456.71 538.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 482.23 538.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 513.31 538.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.51 538.25 Td ($294.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (million ) Tj ET Q q 0 0 0 rg BT 85.39 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.67 526.25 Td (AerFunding ) Tj ET Q q 0 0 0 rg BT 146.50 526.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 170.67 526.25 Td (E-1 ) Tj ET Q q 0 0 0 rg BT 187.61 526.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 213.44 526.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 262.60 526.25 Td (due ) Tj ET Q q 0 0 0 rg BT 279.54 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.82 526.25 Td (us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 505.25 Td (Non-consolidated ) Tj ET Q q 0 0 0 rg BT 130.77 505.25 Td (VIEs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 485.25 Td (The ) Tj ET Q q 0 0 0 rg BT 96.58 485.25 Td (following ) Tj ET Q q 0 0 0 rg BT 139.99 485.25 Td (table ) Tj ET Q q 0 0 0 rg BT 163.96 485.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 201.25 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 219.11 485.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 264.19 485.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 304.82 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 317.13 485.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 337.22 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 349.53 485.25 Td (non-consolidated ) Tj ET Q q 0 0 0 rg BT 422.60 485.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 447.68 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 460.54 485.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.40 485.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 519.03 485.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.03 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.56 485.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.58 473.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.58 473.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 449.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 449.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 449.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 419.75 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 419.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 419.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 419.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 449.75 m 481.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 449.75 m 558.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 449.75 m 481.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 449.75 m 558.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 419.75 m 481.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 419.75 m 558.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 419.75 m 481.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 406.75 m 481.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 404.75 m 481.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 419.75 m 558.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 406.75 m 558.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 404.75 m 558.5 404.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 454.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 454.43 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 454.43 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 454.43 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 439.87 Td (Carrying value of debt and equity investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 439.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 439.42 Td (124,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 439.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 439.42 Td (123,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 424.87 Td (Debt guarantees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 424.42 Td (10,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 424.42 Td (68,901) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 410.48 Td (Maximum exposur) Tj ET Q q 0 0 0 rg BT 137.65 410.48 Td (e to loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 410.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 410.43 Td (134,703) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 410.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 410.43 Td (192,180) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 385.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.32 385.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 137.14 385.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 175.51 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.56 385.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 203.39 385.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 246.20 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.68 385.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 292.95 385.25 Td (that ) Tj ET Q q 0 0 0 rg BT 310.22 385.25 Td (would ) Tj ET Q q 0 0 0 rg BT 337.49 385.25 Td (be ) Tj ET Q q 0 0 0 rg BT 349.20 385.25 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 387.56 385.25 Td (by ) Tj ET Q q 0 0 0 rg BT 399.83 385.25 Td (us ) Tj ET Q q 0 0 0 rg BT 411.00 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.05 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.53 385.25 Td (event ) Tj ET Q q 0 0 0 rg BT 459.46 385.25 Td (that ) Tj ET Q q 0 0 0 rg BT 476.72 385.25 Td (all ) Tj ET Q q 0 0 0 rg BT 488.99 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.59 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 515.19 385.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 540.79 385.25 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.81 373.25 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 104.37 373.25 Td (for ) Tj ET Q q 0 0 0 rg BT 118.53 373.25 Td (which ) Tj ET Q q 0 0 0 rg BT 145.46 373.25 Td (we ) Tj ET Q q 0 0 0 rg BT 159.63 373.25 Td (are ) Tj ET Q q 0 0 0 rg BT 174.33 373.25 Td (not ) Tj ET Q q 0 0 0 rg BT 189.61 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.33 373.25 Td (PB, ) Tj ET Q q 0 0 0 rg BT 221.56 373.25 Td (had ) Tj ET Q q 0 0 0 rg BT 238.50 373.25 Td (no ) Tj ET Q q 0 0 0 rg BT 251.00 373.25 Td (value ) Tj ET Q q 0 0 0 rg BT 275.15 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.09 373.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 341.26 373.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 360.97 373.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 406.23 373.25 Td (were ) Tj ET Q q 0 0 0 rg BT 428.16 373.25 Td (called ) Tj ET Q q 0 0 0 rg BT 454.53 373.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 477.03 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.31 373.25 Td (full. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 352.25 Td (AerDragon ) Tj ET Q q 0 0 0 rg BT 124.20 352.25 Td (A) Tj ET Q q 0 0 0 rg BT 130.68 352.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 161.95 352.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 198.22 352.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 233.37 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.30 352.25 Td (its ) Tj ET Q q 0 0 0 rg BT 264.25 352.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 314.96 352.25 Td (\(AerDragon\), ) Tj ET Q q 0 0 0 rg BT 380.70 352.25 Td (AerLift ) Tj ET Q q 0 0 0 rg BT 414.18 352.25 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 449.33 352.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 484.49 352.25 Td (\(AerLift\), ) Tj ET Q q 0 0 0 rg BT 535.23 352.25 Td (Acsal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 340.25 Td (Holdco, ) Tj ET Q q 0 0 0 rg BT 88.39 340.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 109.73 340.25 Td (\(ACSAL\) ) Tj ET Q q 0 0 0 rg BT 160.50 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.39 340.25 Td (Peregrine ) Tj ET Q q 0 0 0 rg BT 217.61 340.25 Td (A) Tj ET Q q 0 0 0 rg BT 224.09 340.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 254.32 340.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 295.66 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.55 340.25 Td (its ) Tj ET Q q 0 0 0 rg BT 324.45 340.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 374.11 340.25 Td (\(Peregrine\) ) Tj ET Q q 0 0 0 rg BT 430.42 340.25 Td (are ) Tj ET Q q 0 0 0 rg BT 445.08 340.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 495.30 340.25 Td (that ) Tj ET Q q 0 0 0 rg BT 512.75 340.25 Td (are ) Tj ET Q q 0 0 0 rg BT 527.23 340.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 550.23 340.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 328.25 Td (which ) Tj ET Q q 0 0 0 rg BT 81.00 328.25 Td (we ) Tj ET Q q 0 0 0 rg BT 95.23 328.25 Td (have ) Tj ET Q q 0 0 0 rg BT 116.67 328.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 164.22 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 181.78 328.25 Td (we ) Tj ET Q q 0 0 0 rg BT 196.00 328.25 Td (do ) Tj ET Q q 0 0 0 rg BT 208.57 328.25 Td (not ) Tj ET Q q 0 0 0 rg BT 223.91 328.25 Td (have ) Tj ET Q q 0 0 0 rg BT 245.35 328.25 Td (control ) Tj ET Q q 0 0 0 rg BT 276.24 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.24 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 308.02 328.25 Td (not ) Tj ET Q q 0 0 0 rg BT 323.36 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.14 328.25 Td (PB. ) Tj ET Q q 0 0 0 rg BT 355.25 328.25 Td (W) Tj ET Q q 0 0 0 rg BT 363.89 328.25 Td (e ) Tj ET Q q 0 0 0 rg BT 370.89 328.25 Td (do ) Tj ET Q q 0 0 0 rg BT 383.46 328.25 Td (have ) Tj ET Q q 0 0 0 rg BT 404.90 328.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 449.68 328.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 489.44 328.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 508.95 328.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 555.50 328.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 316.25 Td (we ) Tj ET Q q 0 0 0 rg BT 67.99 316.25 Td (account ) Tj ET Q q 0 0 0 rg BT 101.42 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 115.41 316.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.07 316.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 181.17 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.76 316.25 Td (AerDragon, ) Tj ET Q q 0 0 0 rg BT 240.06 316.25 Td (AerLift ) Tj ET Q q 0 0 0 rg BT 272.38 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.63 316.25 Td (ACSAL) Tj ET Q q 0 0 0 rg BT 321.04 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.37 316.25 Td (under ) Tj ET Q q 0 0 0 rg BT 348.47 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.02 316.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 390.35 316.25 Td (method ) Tj ET Q q 0 0 0 rg BT 422.67 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.33 316.25 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 481.87 316.25 Td (W) Tj ET Q q 0 0 0 rg BT 490.50 316.25 Td (e ) Tj ET Q q 0 0 0 rg BT 497.27 316.25 Td (account ) Tj ET Q q 0 0 0 rg BT 530.70 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 544.69 316.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 304.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 81.88 304.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 128.66 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.32 304.25 Td (Peregrine ) Tj ET Q q 0 0 0 rg BT 180.53 304.25 Td (under ) Tj ET Q q 0 0 0 rg BT 206.19 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.29 304.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 240.29 304.25 Td (method ) Tj ET Q q 0 0 0 rg BT 273.18 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.40 304.25 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 333.45 304.25 Td (W) Tj ET Q q 0 0 0 rg BT 342.09 304.25 Td (e ) Tj ET Q q 0 0 0 rg BT 349.42 304.25 Td (have ) Tj ET Q q 0 0 0 rg BT 371.18 304.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 406.27 304.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 442.49 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.16 304.25 Td (other ) Tj ET Q q 0 0 0 rg BT 476.59 304.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 508.36 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.03 304.25 Td (which ) Tj ET Q q 0 0 0 rg BT 546.36 304.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 292.25 Td (have ) Tj ET Q q 0 0 0 rg BT 75.55 292.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 123.20 292.25 Td (we ) Tj ET Q q 0 0 0 rg BT 137.54 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 152.42 292.25 Td (not ) Tj ET Q q 0 0 0 rg BT 167.87 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.76 292.25 Td (PB ) Tj ET Q q 0 0 0 rg BT 197.66 292.25 Td (because ) Tj ET Q q 0 0 0 rg BT 231.98 292.25 Td (we ) Tj ET Q q 0 0 0 rg BT 246.32 292.25 Td (do ) Tj ET Q q 0 0 0 rg BT 258.99 292.25 Td (not ) Tj ET Q q 0 0 0 rg BT 274.44 292.25 Td (have ) Tj ET Q q 0 0 0 rg BT 295.99 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.88 292.25 Td (power ) Tj ET Q q 0 0 0 rg BT 338.55 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.00 292.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 374.43 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.32 292.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 428.10 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 445.77 292.25 Td (most ) Tj ET Q q 0 0 0 rg BT 467.89 292.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 520.55 292.25 Td (af) Tj ET Q q 0 0 0 rg BT 528.14 292.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 545.80 292.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 280.25 Td (entities) Tj ET Q q 0 0 0 rg BT 85.47 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.97 280.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 129.34 280.25 Td (performance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 259.25 Td (AerDragon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 239.25 Td (AerDragon ) Tj ET Q q 0 0 0 rg BT 124.17 239.25 Td (is ) Tj ET Q q 0 0 0 rg BT 133.54 239.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.67 239.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 161.70 239.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 194.37 239.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.84 239.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.17 239.25 Td ( ) Tj ET Q q 0 0 0 rg BT 235.87 239.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 265.22 239.25 Td (by ) Tj ET Q q 0 0 0 rg BT 277.91 239.25 Td (China ) Tj ET Q q 0 0 0 rg BT 303.90 239.25 Td (A) Tj ET Q q 0 0 0 rg BT 310.38 239.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 340.84 239.25 Td (Supplies ) Tj ET Q q 0 0 0 rg BT 377.99 239.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 413.46 239.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 455.04 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.17 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.08 239.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.32 239.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 239.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.34 239.25 Td (owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 63.34 227.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 86.57 227.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 107.57 227.25 Td (by ) Tj ET Q q 0 0 0 rg BT 119.14 227.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 132.10 227.25 Td (af) Tj ET Q q 0 0 0 rg BT 139.68 227.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 168.46 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.36 227.25 Td (Crdit ) Tj ET Q q 0 0 0 rg BT 204.57 227.25 Td (Agricole ) Tj ET Q q 0 0 0 rg BT 241.13 227.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 282.68 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.68 227.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 344.68 227.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 369.86 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.86 227.25 Td (East ) Tj ET Q q 0 0 0 rg BT 404.65 227.25 Td (Epoch ) Tj ET Q q 0 0 0 rg BT 431.76 227.25 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 467.37 227.25 Td (W) Tj ET Q q 0 0 0 rg BT 476.01 227.25 Td (e ) Tj ET Q q 0 0 0 rg BT 482.01 227.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 514.13 227.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.25 Td (related ) Tj ET Q q 0 0 0 rg BT 83.70 215.25 Td (services ) Tj ET Q q 0 0 0 rg BT 118.41 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.14 215.25 Td (AerDragon.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 194.25 Td (AerLift ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 174.25 Td (AerLift ) Tj ET Q q 0 0 0 rg BT 108.29 174.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.76 174.25 Td (a ) Tj ET Q q 0 0 0 rg BT 123.01 174.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 143.15 174.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 174.94 174.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.52 174.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.76 174.25 Td (we ) Tj ET Q q 0 0 0 rg BT 224.22 174.25 Td (have ) Tj ET Q q 0 0 0 rg BT 244.91 174.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 174.25 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.48 174.25 Td ( ) Tj ET Q q 0 0 0 rg BT 271.28 174.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 304.89 174.25 Td (W) Tj ET Q q 0 0 0 rg BT 313.53 174.25 Td (e ) Tj ET Q q 0 0 0 rg BT 319.77 174.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 352.12 174.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 373.36 174.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.61 174.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 411.40 174.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 466.79 174.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 506.91 174.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 162.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.96 162.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 91.24 162.25 Td (management ) Tj ET Q q 0 0 0 rg BT 144.85 162.25 Td (services ) Tj ET Q q 0 0 0 rg BT 179.57 162.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.31 162.25 Td (AerLift ) Tj ET Q q 0 0 0 rg BT 221.81 162.25 Td (for ) Tj ET Q q 0 0 0 rg BT 235.99 162.25 Td (a ) Tj ET Q q 0 0 0 rg BT 242.95 162.25 Td (fee. ) Tj ET Q q 0 0 0 rg BT 259.61 162.25 Td (As ) Tj ET Q q 0 0 0 rg BT 273.25 162.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.09 162.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 327.71 162.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.71 162.25 Td (, ) Tj ET Q q 0 0 0 rg BT 352.73 162.25 Td (we ) Tj ET Q q 0 0 0 rg BT 366.90 162.25 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.28 162.25 Td ($10.0) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 435.78 162.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 162.25 Td (million ) Tj ET Q q 0 0 0 rg BT 470.21 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.50 162.25 Td (AerLift ) Tj ET Q q 0 0 0 rg BT 513.00 162.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 535.24 162.25 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 150.25 Td (than ) Tj ET Q q 0 0 0 rg BT 73.72 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.43 150.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 108.15 150.25 Td (that ) Tj ET Q q 0 0 0 rg BT 125.65 150.25 Td (we ) Tj ET Q q 0 0 0 rg BT 139.81 150.25 Td (have ) Tj ET Q q 0 0 0 rg BT 161.18 150.25 Td (guaranteed, ) Tj ET Q q 0 0 0 rg BT 210.04 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.76 150.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 244.48 150.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 291.42 150.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.70 150.25 Td (AerLift ) Tj ET Q q 0 0 0 rg BT 334.19 150.25 Td (are ) Tj ET Q q 0 0 0 rg BT 348.89 150.25 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 403.59 150.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.87 150.25 Td (us.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 129.25 Td (ACSAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 109.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 109.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.08 109.25 Td (have ) Tj ET Q q 0 0 0 rg BT 113.45 109.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.39 109.25 Td (19% ) Tj ET Q q 0 0 0 rg BT 141.22 109.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 187.60 109.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.33 109.25 Td (ACSAL) Tj ET Q q 0 0 0 rg BT 229.74 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.24 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.18 109.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 282.23 109.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 313.59 109.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 335.53 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.47 109.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 374.95 109.25 Td (management ) Tj ET Q q 0 0 0 rg BT 428.54 109.25 Td (services ) Tj ET Q q 0 0 0 rg BT 463.25 109.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.41 109.25 Td (a ) Tj ET Q q 0 0 0 rg BT 484.35 109.25 Td (fee. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 88.25 Td (Peregrine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 68.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 68.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.56 68.25 Td (have ) Tj ET Q q 0 0 0 rg BT 112.41 68.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.83 68.25 Td (9.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.66 68.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.64 68.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 187.50 68.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.26 68.25 Td (Peregrine ) Tj ET Q q 0 0 0 rg BT 237.55 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.97 68.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 286.49 68.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 307.91 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.33 68.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 346.29 68.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 401.86 68.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 442.16 68.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 497.72 68.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 543.57 68.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 56.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 74.27 56.25 Td (management ) Tj ET Q q 0 0 0 rg BT 127.86 56.25 Td (services ) Tj ET Q q 0 0 0 rg BT 162.56 56.25 Td (for ) Tj ET Q q 0 0 0 rg BT 176.72 56.25 Td (a ) Tj ET Q q 0 0 0 rg BT 183.66 56.25 Td (fee. ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (27) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 704.25 Td (. Related party transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.25 Td (The following table presents amounts received from related parties for management fees and dividends for the three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (ended March 31, 2020 and 2019:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 610.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 610.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 610.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 610.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 610.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 580.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 580.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 580.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 580.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 580.75 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 647.75 m 326.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 634.75 m 326.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 647.75 m 330.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 634.75 m 330.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 647.75 m 403.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 634.75 m 403.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 647.75 m 407.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 647.75 m 480.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 634.75 m 480.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 647.75 m 484.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 634.75 m 484.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 647.75 m 557.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 634.75 m 557.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 610.75 m 326.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 610.75 m 403.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 610.75 m 407.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 610.75 m 480.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 610.75 m 484.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 610.75 m 557.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 565.75 m 326.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 565.75 m 403.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 565.75 m 557.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 565.75 m 326.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 552.75 m 326.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 550.75 m 326.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 565.75 m 330.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 552.75 m 330.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 550.75 m 330.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 565.75 m 403.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 552.75 m 403.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 550.75 m 403.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 565.75 m 407.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 552.75 m 407.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 550.75 m 407.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 565.75 m 480.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 552.75 m 480.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 550.75 m 480.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 565.75 m 484.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 552.75 m 484.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 550.75 m 484.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 565.75 m 557.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 552.75 m 557.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 550.75 m 557.5 550.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.10 651.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 363.29 651.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 439.81 651.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 638.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 638.98 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.45 625.43 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.45 615.43 Td (fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.10 615.43 Td (Dividends) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.45 625.43 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.45 615.43 Td (fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.10 615.43 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 600.42 Td (AerDragon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 600.42 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 600.42 Td (233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 585.42 Td (ACSAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 585.42 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 585.42 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 585.42 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 585.42 Td (259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 570.42 Td (AerLift) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 570.42 Td (157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 570.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 570.42 Td (390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 570.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 556.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 556.43 Td (414) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.00 556.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 556.43 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.00 556.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 556.43 Td (743) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 556.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 556.43 Td (259) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 531.25 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 531.25 Td (. Commitments and contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 510.25 Td (Air) Tj ET Q q 0 0 0 rg BT 68.26 510.25 Td (craft on order) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 489.25 Td (As ) Tj ET Q q 0 0 0 rg BT 90.96 489.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.64 489.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 147.09 489.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.09 489.25 Td (, ) Tj ET Q q 0 0 0 rg BT 172.94 489.25 Td (we ) Tj ET Q q 0 0 0 rg BT 187.95 489.25 Td (had ) Tj ET Q q 0 0 0 rg BT 205.74 489.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 263.53 489.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 489.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.54 489.25 Td (342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.54 489.25 Td ( ) Tj ET Q q 0 0 0 rg BT 331.89 489.25 Td (new ) Tj ET Q q 0 0 0 rg BT 351.90 489.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 384.11 489.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 427.45 489.25 Td (for ) Tj ET Q q 0 0 0 rg BT 442.46 489.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 478.57 489.25 Td (through ) Tj ET Q q 0 0 0 rg BT 513.03 489.25 Td (2026. ) Tj ET Q q 0 0 0 rg BT 538.64 489.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 477.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 112.29 477.25 Td (are ) Tj ET Q q 0 0 0 rg BT 128.35 477.25 Td (based ) Tj ET Q q 0 0 0 rg BT 154.98 477.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 178.83 477.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 218.22 477.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 267.61 477.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.24 477.25 Td (Boeing, ) Tj ET Q q 0 0 0 rg BT 323.63 477.25 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 354.71 477.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.00 477.25 Td (Embraer ) Tj ET Q q 0 0 0 rg BT 411.28 477.25 Td (S.A. ) Tj ET Q q 0 0 0 rg BT 432.92 477.25 Td (\(Embraer\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.38 477.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.23 477.25 Td (These ) Tj ET Q q 0 0 0 rg BT 516.97 477.25 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 465.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 91.39 465.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.00 465.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 136.71 465.25 Td (formulas ) Tj ET Q q 0 0 0 rg BT 174.65 465.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 218.15 465.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 268.31 465.25 Td (for ) Tj ET Q q 0 0 0 rg BT 282.36 465.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 311.96 465.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 358.77 465.25 Td (escalation ) Tj ET Q q 0 0 0 rg BT 401.14 465.25 Td (provisions\) ) Tj ET Q q 0 0 0 rg BT 448.53 465.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.36 465.25 Td (various ) Tj ET Q q 0 0 0 rg BT 497.19 465.25 Td (other ) Tj ET Q q 0 0 0 rg BT 520.13 465.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 544.74 465.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 453.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 85.31 453.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.08 453.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.29 453.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 149.82 453.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.14 453.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 195.49 453.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 223.48 453.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 253.67 453.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 315.80 453.25 Td (we ) Tj ET Q q 0 0 0 rg BT 330.46 453.25 Td (have ) Tj ET Q q 0 0 0 rg BT 352.32 453.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.53 453.25 Td (right ) Tj ET Q q 0 0 0 rg BT 389.41 453.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.18 453.25 Td (alter ) Tj ET Q q 0 0 0 rg BT 420.94 453.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.15 453.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 454.70 453.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.02 453.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 497.87 453.25 Td (types ) Tj ET Q q 0 0 0 rg BT 521.97 453.25 Td (ultimately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 441.25 Td (acquired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 420.25 Td (Movements ) Tj ET Q q 0 0 0 rg BT 125.98 420.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.03 420.25 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 189.39 420.25 Td (on ) Tj ET Q q 0 0 0 rg BT 201.66 420.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 225.59 420.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 270.07 420.25 Td (during ) Tj ET Q q 0 0 0 rg BT 298.45 420.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.94 420.25 Td (three ) Tj ET Q q 0 0 0 rg BT 335.19 420.25 Td (months ) Tj ET Q q 0 0 0 rg BT 366.91 420.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 393.05 420.25 Td (March ) Tj ET Q q 0 0 0 rg BT 421.42 420.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 436.19 420.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.19 420.25 Td ( ) Tj ET Q q 0 0 0 rg BT 458.45 420.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.16 420.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.16 420.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.43 420.25 Td (were ) Tj ET Q q 0 0 0 rg BT 519.12 420.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.72 420.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 383.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 383.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 383.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 383.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 353.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 353.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 353.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 353.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 323.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 323.75 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 323.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 323.75 71.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 396.75 m 487.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 396.75 m 491.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 396.75 m 562.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 396.75 m 487.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 383.75 m 487.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 396.75 m 491.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 396.75 m 562.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 383.75 m 562.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 383.75 m 487.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 383.75 m 562.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 323.75 m 487.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 310.75 m 487.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 308.75 m 487.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 323.75 m 562.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 310.75 m 562.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 308.75 m 562.5 308.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.10 400.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 447.36 400.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 523.88 400.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.50 387.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.50 387.98 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 373.42 Td (Prepayments on flight equipment at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 373.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 373.42 Td (2,954,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 373.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 373.42 Td (3,024,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 358.42 Td (Prepayments during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 358.42 Td (328,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 358.42 Td (252,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 343.42 Td (Interest paid and capitalized during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 343.42 Td (19,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 343.42 Td (28,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 328.42 Td (Prepayments and capitalized interest applied to the purchase of flight equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 328.47 Td (\(193,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 328.47 Td (\(320,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 328.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 314.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 67.37 314.43 Td (epayments on flight equipment at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 314.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 314.43 Td (3,108,703) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.00 314.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 314.43 Td (2,984,323) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 23. Commitments and contingencies \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (28) Tj ET Q 0 0 0 rg /GS0 gs 53.50 25.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 80.39 686.25 Td (pr) Tj ET Q q 0 0 0 rg BT 90.21 686.25 Td (oceedings) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 644.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.32 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.03 644.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 135.40 644.25 Td (course ) Tj ET Q q 0 0 0 rg BT 163.00 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.82 644.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.64 644.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 225.53 644.25 Td (we ) Tj ET Q q 0 0 0 rg BT 238.68 644.25 Td (are ) Tj ET Q q 0 0 0 rg BT 252.38 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 258.31 644.25 Td (party ) Tj ET Q q 0 0 0 rg BT 280.35 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.62 644.25 Td (various ) Tj ET Q q 0 0 0 rg BT 320.55 644.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 341.48 644.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 373.80 644.25 Td (which ) Tj ET Q q 0 0 0 rg BT 399.73 644.25 Td (we ) Tj ET Q q 0 0 0 rg BT 412.88 644.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 443.25 644.25 Td (are ) Tj ET Q q 0 0 0 rg BT 456.95 644.25 Td (incidental ) Tj ET Q q 0 0 0 rg BT 497.87 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.14 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 644.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.99 632.25 Td (our ) Tj ET Q q 0 0 0 rg BT 80.98 632.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 119.84 632.25 Td (The ) Tj ET Q q 0 0 0 rg BT 138.04 632.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 179.59 632.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 218.34 632.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 252.10 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.97 632.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 302.41 632.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 339.50 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.49 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 371.48 632.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 393.57 632.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 427.06 632.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.15 632.25 Td (accrues ) Tj ET Q q 0 0 0 rg BT 476.79 632.25 Td (for ) Tj ET Q q 0 0 0 rg BT 491.11 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 512.09 632.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 534.19 632.25 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 620.25 Td (at ) Tj ET Q q 0 0 0 rg BT 63.38 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.76 620.25 Td (time ) Tj ET Q q 0 0 0 rg BT 97.70 620.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.30 620.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 122.02 620.25 Td (is ) Tj ET Q q 0 0 0 rg BT 130.86 620.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 168.00 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.61 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.99 620.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.14 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.64 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.02 620.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 273.74 620.25 Td (can ) Tj ET Q q 0 0 0 rg BT 289.78 620.25 Td (be ) Tj ET Q q 0 0 0 rg BT 301.38 620.25 Td (estimated. ) Tj ET Q q 0 0 0 rg BT 344.37 620.25 Td (In ) Tj ET Q q 0 0 0 rg BT 354.86 620.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 392.30 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.68 620.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 447.73 620.25 Td (also ) Tj ET Q q 0 0 0 rg BT 466.00 620.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 499.26 620.25 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 548.08 620.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 608.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 94.48 608.25 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 135.22 608.25 Td (where ) Tj ET Q q 0 0 0 rg BT 161.81 608.25 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 207.56 608.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 234.15 608.25 Td (on ) Tj ET Q q 0 0 0 rg BT 246.31 608.25 Td (information ) Tj ET Q q 0 0 0 rg BT 295.69 608.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 333.94 608.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 374.69 608.25 Td (we ) Tj ET Q q 0 0 0 rg BT 388.51 608.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 419.54 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.92 608.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 471.06 608.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 507.66 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.15 608.25 Td (those ) Tj ET Q q 0 0 0 rg BT 541.42 608.25 Td (cases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.25 Td (where ) Tj ET Q q 0 0 0 rg BT 80.87 596.25 Td (we ) Tj ET Q q 0 0 0 rg BT 94.97 596.25 Td (are ) Tj ET Q q 0 0 0 rg BT 109.62 596.25 Td (able ) Tj ET Q q 0 0 0 rg BT 128.71 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.93 596.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 174.69 596.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 220.45 596.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 255.67 596.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 284.50 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.38 596.25 Td (our ) Tj ET Q q 0 0 0 rg BT 317.15 596.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 352.91 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.68 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.34 596.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 424.09 596.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 459.31 596.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 485.64 596.25 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 528.62 596.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.25 Td (already ) Tj ET Q q 0 0 0 rg BT 85.92 584.25 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 134.79 584.25 Td (on ) Tj ET Q q 0 0 0 rg BT 147.29 584.25 Td (an ) Tj ET Q q 0 0 0 rg BT 159.22 584.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 205.59 584.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 230.59 584.25 Td (is ) Tj ET Q q 0 0 0 rg BT 239.76 584.25 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 285.57 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.85 584.25 Td (our ) Tj ET Q q 0 0 0 rg BT 311.68 584.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 358.62 584.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 413.89 584.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 453.60 584.25 Td (Statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 563.25 Td (V) Tj ET Q q 0 0 0 rg BT 59.93 563.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 77.90 563.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.40 563.25 Td (Litigation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 542.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 542.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.16 542.25 Td (are ) Tj ET Q q 0 0 0 rg BT 106.96 542.25 Td (party ) Tj ET Q q 0 0 0 rg BT 130.09 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.46 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 147.48 542.25 Td (group ) Tj ET Q q 0 0 0 rg BT 173.40 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.32 542.25 Td (related ) Tj ET Q q 0 0 0 rg BT 214.10 542.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 237.79 542.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 267.59 542.25 Td (from ) Tj ET Q q 0 0 0 rg BT 289.62 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.42 542.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 335.33 542.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.25 542.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.25 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.84 542.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 390.29 542.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.31 542.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 429.89 542.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 453.57 542.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 486.71 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.88 542.25 Td (V) Tj ET Q q 0 0 0 rg BT 503.50 542.25 Td (iao ) Tj ET Q q 0 0 0 rg BT 526.61 542.25 Td (Aerea ) Tj ET Q q 0 0 0 rg BT 553.07 542.25 Td (de ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.25 Td (So ) Tj ET Q q 0 0 0 rg BT 71.49 530.25 Td (Paulo ) Tj ET Q q 0 0 0 rg BT 96.76 530.25 Td (\(V) Tj ET Q q 0 0 0 rg BT 110.46 530.25 Td (ASP\), ) Tj ET Q q 0 0 0 rg BT 141.56 530.25 Td (a ) Tj ET Q q 0 0 0 rg BT 148.49 530.25 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 187.63 530.25 Td (airline. ) Tj ET Q q 0 0 0 rg BT 218.16 530.25 Td (In ) Tj ET Q q 0 0 0 rg BT 228.98 530.25 Td (1992, ) Tj ET Q q 0 0 0 rg BT 253.79 530.25 Td (V) Tj ET Q q 0 0 0 rg BT 259.72 530.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 277.69 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.18 530.25 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 319.87 530.25 Td (on ) Tj ET Q q 0 0 0 rg BT 332.36 530.25 Td (its ) Tj ET Q q 0 0 0 rg BT 344.30 530.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 366.78 530.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 413.71 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.64 530.25 Td (we ) Tj ET Q q 0 0 0 rg BT 444.79 530.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 495.59 530.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 534.18 530.25 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 518.25 Td (V) Tj ET Q q 0 0 0 rg BT 59.93 518.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 77.91 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.38 518.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.63 518.25 Td (repossess ) Tj ET Q q 0 0 0 rg BT 130.87 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 146.68 518.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 191.36 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.27 518.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 245.18 518.25 Td (a ) Tj ET Q q 0 0 0 rg BT 252.09 518.25 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 301.21 518.25 Td (injunction ) Tj ET Q q 0 0 0 rg BT 344.23 518.25 Td (for ) Tj ET Q q 0 0 0 rg BT 358.37 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.06 518.25 Td (repossession ) Tj ET Q q 0 0 0 rg BT 426.08 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.99 518.25 Td (export ) Tj ET Q q 0 0 0 rg BT 471.01 518.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.81 518.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.81 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.28 518.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 525.62 518.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.53 518.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 506.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 78.27 506.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 111.99 506.25 Td (from ) Tj ET Q q 0 0 0 rg BT 134.38 506.25 Td (V) Tj ET Q q 0 0 0 rg BT 140.31 506.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 157.54 506.25 Td (. ) Tj ET Q q 0 0 0 rg BT 162.99 506.25 Td (W) Tj ET Q q 0 0 0 rg BT 171.63 506.25 Td (e ) Tj ET Q q 0 0 0 rg BT 179.24 506.25 Td (repossessed ) Tj ET Q q 0 0 0 rg BT 229.63 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.24 506.25 Td (exported ) Tj ET Q q 0 0 0 rg BT 285.40 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.79 506.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 332.82 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.44 506.25 Td (engines. ) Tj ET Q q 0 0 0 rg BT 386.43 506.25 Td (V) Tj ET Q q 0 0 0 rg BT 392.36 506.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 410.33 506.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.51 506.25 Td (appealed ) Tj ET Q q 0 0 0 rg BT 452.21 506.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 472.33 506.25 Td (in ) Tj ET Q q 0 0 0 rg BT 483.28 506.25 Td (1996, ) Tj ET Q q 0 0 0 rg BT 508.95 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.64 506.25 Td (Appellate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 494.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 78.79 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.14 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.37 494.25 Td (State ) Tj ET Q q 0 0 0 rg BT 125.38 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.73 494.25 Td (So ) Tj ET Q q 0 0 0 rg BT 152.74 494.25 Td (Paulo ) Tj ET Q q 0 0 0 rg BT 177.54 494.25 Td (\(TJSP\) ) Tj ET Q q 0 0 0 rg BT 216.21 494.25 Td (ruled ) Tj ET Q q 0 0 0 rg BT 238.78 494.25 Td (that ) Tj ET Q q 0 0 0 rg BT 255.79 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.02 494.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 300.90 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.35 494.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 349.91 494.25 Td (should ) Tj ET Q q 0 0 0 rg BT 378.60 494.25 Td (be ) Tj ET Q q 0 0 0 rg BT 390.05 494.25 Td (returned ) Tj ET Q q 0 0 0 rg BT 425.38 494.25 Td (or ) Tj ET Q q 0 0 0 rg BT 435.73 494.25 Td (that ) Tj ET Q q 0 0 0 rg BT 452.60 494.25 Td (V) Tj ET Q q 0 0 0 rg BT 458.53 494.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 476.50 494.25 Td ( ) Tj ET Q q 0 0 0 rg BT 478.52 494.25 Td (could ) Tj ET Q q 0 0 0 rg BT 502.75 494.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 534.74 494.25 Td (proven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 91.49 482.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 121.20 482.25 Td (from ) Tj ET Q q 0 0 0 rg BT 143.14 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.86 482.25 Td (repossession.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.13 461.25 Td (W) Tj ET Q q 0 0 0 rg BT 87.76 461.25 Td (e ) Tj ET Q q 0 0 0 rg BT 95.03 461.25 Td (have ) Tj ET Q q 0 0 0 rg BT 116.74 461.25 Td (defended ) Tj ET Q q 0 0 0 rg BT 156.21 461.25 Td (this ) Tj ET Q q 0 0 0 rg BT 173.49 461.25 Td (case ) Tj ET Q q 0 0 0 rg BT 193.53 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.13 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.18 461.25 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 258.66 461.25 Td (courts ) Tj ET Q q 0 0 0 rg BT 285.93 461.25 Td (through ) Tj ET Q q 0 0 0 rg BT 319.87 461.25 Td (various ) Tj ET Q q 0 0 0 rg BT 352.14 461.25 Td (motions ) Tj ET Q q 0 0 0 rg BT 387.19 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.46 461.25 Td (appeals. ) Tj ET Q q 0 0 0 rg BT 439.77 461.25 Td (In ) Tj ET Q q 0 0 0 rg BT 450.93 461.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 476.26 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.31 461.25 Td (Superior ) Tj ET Q q 0 0 0 rg BT 528.58 461.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 554.19 461.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td (Justice ) Tj ET Q q 0 0 0 rg BT 83.18 449.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 100.69 449.25 Td (STJ\) ) Tj ET Q q 0 0 0 rg BT 130.42 449.25 Td (dismissed ) Tj ET Q q 0 0 0 rg BT 171.83 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.13 449.25 Td (then-pending ) Tj ET Q q 0 0 0 rg BT 241.85 449.25 Td (appeal. ) Tj ET Q q 0 0 0 rg BT 272.41 449.25 Td (In ) Tj ET Q q 0 0 0 rg BT 282.70 449.25 Td (2005, ) Tj ET Q q 0 0 0 rg BT 307.16 449.25 Td (we ) Tj ET Q q 0 0 0 rg BT 320.79 449.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 341.08 449.25 Td (an ) Tj ET Q q 0 0 0 rg BT 352.48 449.25 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 408.30 449.25 Td (appeal ) Tj ET Q q 0 0 0 rg BT 436.36 449.25 Td (with ) Tj ET Q q 0 0 0 rg BT 456.10 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.28 449.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 502.23 449.25 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 539.74 449.25 Td (Court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 71.99 437.25 Td (STF\). ) Tj ET Q q 0 0 0 rg BT 106.37 437.25 Td (On ) Tj ET Q q 0 0 0 rg BT 120.49 437.25 Td (April ) Tj ET Q q 0 0 0 rg BT 144.04 437.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 153.98 437.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 178.92 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.58 437.25 Td (STF ) Tj ET Q q 0 0 0 rg BT 213.26 437.25 Td (declined ) Tj ET Q q 0 0 0 rg BT 249.57 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.79 437.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 287.76 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 303.53 437.25 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 359.84 437.25 Td (appeal ) Tj ET Q q 0 0 0 rg BT 388.37 437.25 Td (for ) Tj ET Q q 0 0 0 rg BT 402.47 437.25 Td (trial. ) Tj ET Q q 0 0 0 rg BT 423.34 437.25 Td (W) Tj ET Q q 0 0 0 rg BT 431.98 437.25 Td (e ) Tj ET Q q 0 0 0 rg BT 438.86 437.25 Td (appealed ) Tj ET Q q 0 0 0 rg BT 476.83 437.25 Td (this ) Tj ET Q q 0 0 0 rg BT 493.72 437.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 529.49 437.25 Td (on ) Tj ET Q q 0 0 0 rg BT 541.39 437.25 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.25 Td (25, ) Tj ET Q q 0 0 0 rg BT 69.00 425.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 94.00 425.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 112.05 425.25 Td (appeal ) Tj ET Q q 0 0 0 rg BT 140.65 425.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 174.80 425.25 Td (pending.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 404.25 Td (In ) Tj ET Q q 0 0 0 rg BT 87.34 404.25 Td (2006, ) Tj ET Q q 0 0 0 rg BT 112.16 404.25 Td (V) Tj ET Q q 0 0 0 rg BT 118.09 404.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 136.07 404.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.57 404.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 189.39 404.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.34 404.25 Td (related ) Tj ET Q q 0 0 0 rg BT 226.04 404.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 272.97 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.26 404.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 321.29 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.02 404.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 368.52 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.35 404.25 Td (alleged ) Tj ET Q q 0 0 0 rg BT 410.73 404.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 448.22 404.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 472.39 404.25 Td (under ) Tj ET Q q 0 0 0 rg BT 497.67 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.21 404.25 Td (TJSP) Tj ET Q q 0 0 0 rg BT 536.11 404.25 Td (s ) Tj ET Q q 0 0 0 rg BT 542.51 404.25 Td (1992 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 392.25 Td (judgment. ) Tj ET Q q 0 0 0 rg BT 96.95 392.25 Td (In ) Tj ET Q q 0 0 0 rg BT 107.96 392.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 133.13 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.02 392.25 Td (court ) Tj ET Q q 0 0 0 rg BT 171.25 392.25 Td (decided ) Tj ET Q q 0 0 0 rg BT 205.02 392.25 Td (that ) Tj ET Q q 0 0 0 rg BT 222.49 392.25 Td (V) Tj ET Q q 0 0 0 rg BT 228.43 392.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 246.40 392.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.08 392.25 Td (had ) Tj ET Q q 0 0 0 rg BT 266.19 392.25 Td (suf) Tj ET Q q 0 0 0 rg BT 278.23 392.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 301.44 392.25 Td (no ) Tj ET Q q 0 0 0 rg BT 314.12 392.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 351.78 392.25 Td (even ) Tj ET Q q 0 0 0 rg BT 373.33 392.25 Td (if ) Tj ET Q q 0 0 0 rg BT 382.12 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.82 392.25 Td (TJSP) Tj ET Q q 0 0 0 rg BT 420.72 392.25 Td (s ) Tj ET Q q 0 0 0 rg BT 427.29 392.25 Td (1992 ) Tj ET Q q 0 0 0 rg BT 449.96 392.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 490.41 392.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 531.40 392.25 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 380.25 Td (were ) Tj ET Q q 0 0 0 rg BT 76.28 380.25 Td (af) Tj ET Q q 0 0 0 rg BT 83.87 380.25 Td (firmed. ) Tj ET Q q 0 0 0 rg BT 115.88 380.25 Td (On ) Tj ET Q q 0 0 0 rg BT 130.32 380.25 Td (April ) Tj ET Q q 0 0 0 rg BT 154.28 380.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 169.64 380.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 194.78 380.25 Td (V) Tj ET Q q 0 0 0 rg BT 200.72 380.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 218.69 380.25 Td ( ) Tj ET Q q 0 0 0 rg BT 221.54 380.25 Td (appealed ) Tj ET Q q 0 0 0 rg BT 259.93 380.25 Td (this ) Tj ET Q q 0 0 0 rg BT 277.23 380.25 Td (decision, ) Tj ET Q q 0 0 0 rg BT 315.91 380.25 Td (which ) Tj ET Q q 0 0 0 rg BT 343.20 380.25 Td (appeal ) Tj ET Q q 0 0 0 rg BT 372.15 380.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 406.65 380.25 Td (pending. ) Tj ET Q q 0 0 0 rg BT 444.02 380.25 Td (W) Tj ET Q q 0 0 0 rg BT 452.66 380.25 Td (e ) Tj ET Q q 0 0 0 rg BT 459.95 380.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 494.17 380.25 Td (however) Tj ET Q q 0 0 0 rg BT 528.20 380.25 Td (, ) Tj ET Q q 0 0 0 rg BT 533.55 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.84 380.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.25 Td (have ) Tj ET Q q 0 0 0 rg BT 75.62 368.25 Td (been ) Tj ET Q q 0 0 0 rg BT 97.25 368.25 Td (advised, ) Tj ET Q q 0 0 0 rg BT 133.04 368.25 Td (that ) Tj ET Q q 0 0 0 rg BT 150.78 368.25 Td (it ) Tj ET Q q 0 0 0 rg BT 159.08 368.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.50 368.25 Td (not ) Tj ET Q q 0 0 0 rg BT 184.02 368.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 221.75 368.25 Td (that ) Tj ET Q q 0 0 0 rg BT 239.29 368.25 Td (V) Tj ET Q q 0 0 0 rg BT 245.23 368.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 263.20 368.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.94 368.25 Td (will ) Tj ET Q q 0 0 0 rg BT 284.25 368.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 327.54 368.25 Td (be ) Tj ET Q q 0 0 0 rg BT 339.72 368.25 Td (able ) Tj ET Q q 0 0 0 rg BT 359.12 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.65 368.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 402.37 368.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 440.10 368.25 Td (from ) Tj ET Q q 0 0 0 rg BT 462.28 368.25 Td (us ) Tj ET Q q 0 0 0 rg BT 473.92 368.25 Td (even ) Tj ET Q q 0 0 0 rg BT 495.54 368.25 Td (if ) Tj ET Q q 0 0 0 rg BT 504.20 368.25 Td (V) Tj ET Q q 0 0 0 rg BT 510.13 368.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 528.11 368.25 Td ( ) Tj ET Q q 0 0 0 rg BT 530.85 368.25 Td (prevails ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.25 Td (on ) Tj ET Q q 0 0 0 rg BT 66.02 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.25 356.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 102.26 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.61 356.25 Td (liability) Tj ET Q q 0 0 0 rg BT 143.07 356.25 Td (. ) Tj ET Q q 0 0 0 rg BT 147.44 356.25 Td (The ) Tj ET Q q 0 0 0 rg BT 165.00 356.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 201.45 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.80 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.03 356.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 247.48 356.25 Td (process ) Tj ET Q q 0 0 0 rg BT 279.48 356.25 Td (is, ) Tj ET Q q 0 0 0 rg BT 290.67 356.25 Td (however) Tj ET Q q 0 0 0 rg BT 324.70 356.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.21 356.25 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 370.78 356.25 Td (The ) Tj ET Q q 0 0 0 rg BT 388.35 356.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 423.13 356.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 455.14 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.49 356.25 Td (damages, ) Tj ET Q q 0 0 0 rg BT 504.99 356.25 Td (if ) Tj ET Q q 0 0 0 rg BT 513.11 356.25 Td (any) Tj ET Q q 0 0 0 rg BT 526.90 356.25 Td (, ) Tj ET Q q 0 0 0 rg BT 531.42 356.25 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.36 344.25 Td (V) Tj ET Q q 0 0 0 rg BT 70.29 344.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 88.27 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.05 344.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 120.49 344.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 166.59 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 178.82 344.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 219.92 344.25 Td (at ) Tj ET Q q 0 0 0 rg BT 229.92 344.25 Td (this ) Tj ET Q q 0 0 0 rg BT 247.15 344.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 270.01 344.25 Td (W) Tj ET Q q 0 0 0 rg BT 278.65 344.25 Td (e ) Tj ET Q q 0 0 0 rg BT 285.87 344.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 323.09 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.65 344.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 368.09 344.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 397.53 344.25 Td (all ) Tj ET Q q 0 0 0 rg BT 410.31 344.25 Td (courses ) Tj ET Q q 0 0 0 rg BT 443.09 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.20 344.25 Td (action ) Tj ET Q q 0 0 0 rg BT 481.42 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 499.20 344.25 Td (may ) Tj ET Q q 0 0 0 rg BT 519.20 344.25 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.25 Td (be ) Tj ET Q q 0 0 0 rg BT 65.94 332.25 Td (available ) Tj ET Q q 0 0 0 rg BT 104.53 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.81 332.25 Td (us ) Tj ET Q q 0 0 0 rg BT 126.20 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.14 332.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 170.63 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.91 332.25 Td (defend ) Tj ET Q q 0 0 0 rg BT 210.62 332.25 Td (our ) Tj ET Q q 0 0 0 rg BT 226.45 332.25 Td (position ) Tj ET Q q 0 0 0 rg BT 261.17 332.25 Td (vigorously) Tj ET Q q 0 0 0 rg BT 303.30 332.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 311.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.82 311.25 Td (2006, ) Tj ET Q q 0 0 0 rg BT 111.32 311.25 Td (we ) Tj ET Q q 0 0 0 rg BT 124.97 311.25 Td (brought ) Tj ET Q q 0 0 0 rg BT 158.08 311.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 188.40 311.25 Td (against ) Tj ET Q q 0 0 0 rg BT 218.57 311.25 Td (V) Tj ET Q q 0 0 0 rg BT 224.51 311.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 242.48 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 244.47 311.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.25 311.25 Td (English ) Tj ET Q q 0 0 0 rg BT 286.80 311.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.23 311.25 Td (Irish ) Tj ET Q q 0 0 0 rg BT 323.56 311.25 Td (courts ) Tj ET Q q 0 0 0 rg BT 349.99 311.25 Td (seeking ) Tj ET Q q 0 0 0 rg BT 382.53 311.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 419.51 311.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 448.72 311.25 Td (from ) Tj ET Q q 0 0 0 rg BT 470.15 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.37 311.25 Td (1992 ) Tj ET Q q 0 0 0 rg BT 506.36 311.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 528.34 311.25 Td (defaults. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 299.25 Td (These ) Tj ET Q q 0 0 0 rg BT 80.11 299.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 110.68 299.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 144.57 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.59 299.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 198.49 299.25 Td (by ) Tj ET Q q 0 0 0 rg BT 210.73 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.18 299.25 Td (English ) Tj ET Q q 0 0 0 rg BT 257.98 299.25 Td (court ) Tj ET Q q 0 0 0 rg BT 280.76 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.78 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.23 299.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 346.33 299.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 378.56 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.13 299.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.13 299.25 Td ($40 ) Tj ET Q q 0 0 0 rg BT 466.37 299.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.26 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.50 299.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 516.40 299.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 548.08 299.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 98.31 287.25 Td (by ) Tj ET Q q 0 0 0 rg BT 110.96 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.83 287.25 Td (Irish ) Tj ET Q q 0 0 0 rg BT 146.80 287.25 Td (court ) Tj ET Q q 0 0 0 rg BT 170.00 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.42 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.29 287.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 236.80 287.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 269.44 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.42 287.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.83 287.25 Td ($36.9 ) Tj ET Q q 0 0 0 rg BT 365.98 287.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.87 287.25 Td (, ) Tj ET Q q 0 0 0 rg BT 400.02 287.25 Td (all ) Tj ET Q q 0 0 0 rg BT 412.66 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.08 287.25 Td (our ) Tj ET Q q 0 0 0 rg BT 439.06 287.25 Td (favor) Tj ET Q q 0 0 0 rg BT 459.61 287.25 Td (. ) Tj ET Q q 0 0 0 rg BT 464.57 287.25 Td (V) Tj ET Q q 0 0 0 rg BT 470.50 287.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 488.47 287.25 Td ( ) Tj ET Q q 0 0 0 rg BT 491.12 287.25 Td (had ) Tj ET Q q 0 0 0 rg BT 508.21 287.25 Td (meanwhile ) Tj ET Q q 0 0 0 rg BT 554.73 287.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.25 Td (2008 ) Tj ET Q q 0 0 0 rg BT 75.99 275.25 Td (been ) Tj ET Q q 0 0 0 rg BT 96.86 275.25 Td (adjudicated ) Tj ET Q q 0 0 0 rg BT 144.94 275.25 Td (as ) Tj ET Q q 0 0 0 rg BT 155.26 275.25 Td (insolvent ) Tj ET Q q 0 0 0 rg BT 193.92 275.25 Td (by ) Tj ET Q q 0 0 0 rg BT 205.91 275.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.34 275.25 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 250.98 275.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 297.96 275.25 Td (court, ) Tj ET Q q 0 0 0 rg BT 322.99 275.25 Td (which ) Tj ET Q q 0 0 0 rg BT 349.42 275.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 399.73 275.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 446.70 275.25 Td (proceedings. ) Tj ET Q q 0 0 0 rg BT 499.36 275.25 Td (W) Tj ET Q q 0 0 0 rg BT 508.00 275.25 Td (e ) Tj ET Q q 0 0 0 rg BT 514.43 275.25 Td (have ) Tj ET Q q 0 0 0 rg BT 535.30 275.25 Td (caused ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.24 263.25 Td (English ) Tj ET Q q 0 0 0 rg BT 102.82 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.28 263.25 Td (Irish ) Tj ET Q q 0 0 0 rg BT 141.64 263.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 182.44 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.24 263.25 Td (be ) Tj ET Q q 0 0 0 rg BT 205.70 263.25 Td (domesticated ) Tj ET Q q 0 0 0 rg BT 261.48 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.28 263.25 Td (Brazil ) Tj ET Q q 0 0 0 rg BT 299.74 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.20 263.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 359.67 263.25 Td (them ) Tj ET Q q 0 0 0 rg BT 382.69 263.25 Td (as ) Tj ET Q q 0 0 0 rg BT 394.04 263.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 423.17 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.97 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.22 263.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 497.22 263.25 Td (proceeding. ) Tj ET Q q 0 0 0 rg BT 546.95 263.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 251.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 101.96 251.25 Td (court ) Tj ET Q q 0 0 0 rg BT 125.48 251.25 Td (has ) Tj ET Q q 0 0 0 rg BT 141.79 251.25 Td (allowed ) Tj ET Q q 0 0 0 rg BT 176.42 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.61 251.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 220.69 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.45 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.64 251.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 279.61 251.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.92 251.25 Td ($40 ) Tj ET Q q 0 0 0 rg BT 308.90 251.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.79 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.76 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.52 251.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 382.81 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.11 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.31 251.25 Td (English ) Tj ET Q q 0 0 0 rg BT 442.84 251.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 487.48 251.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.90 251.25 Td ($24 ) Tj ET Q q 0 0 0 rg BT 522.87 251.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.76 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.74 251.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 239.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 84.52 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.06 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.48 239.25 Td (Irish ) Tj ET Q q 0 0 0 rg BT 130.02 239.25 Td (judgments. ) Tj ET Q q 0 0 0 rg BT 176.23 239.25 Td (W) Tj ET Q q 0 0 0 rg BT 184.87 239.25 Td (e ) Tj ET Q q 0 0 0 rg BT 191.52 239.25 Td (have ) Tj ET Q q 0 0 0 rg BT 212.60 239.25 Td (been ) Tj ET Q q 0 0 0 rg BT 233.68 239.25 Td (advised ) Tj ET Q q 0 0 0 rg BT 266.44 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 283.64 239.25 Td (it ) Tj ET Q q 0 0 0 rg BT 291.40 239.25 Td (is ) Tj ET Q q 0 0 0 rg BT 300.28 239.25 Td (not ) Tj ET Q q 0 0 0 rg BT 315.27 239.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 352.46 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 369.50 239.25 Td (V) Tj ET Q q 0 0 0 rg BT 375.43 239.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 396.56 239.25 Td (s ) Tj ET Q q 0 0 0 rg BT 402.66 239.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 449.85 239.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 474.82 239.25 Td (will ) Tj ET Q q 0 0 0 rg BT 492.58 239.25 Td (have ) Tj ET Q q 0 0 0 rg BT 513.67 239.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 538.09 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.08 239.25 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.25 Td (its ) Tj ET Q q 0 0 0 rg BT 65.40 227.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 102.33 227.25 Td (but ) Tj ET Q q 0 0 0 rg BT 117.05 227.25 Td (our ) Tj ET Q q 0 0 0 rg BT 132.33 227.25 Td (court ) Tj ET Q q 0 0 0 rg BT 154.83 227.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 193.98 227.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 222.03 227.25 Td (may ) Tj ET Q q 0 0 0 rg BT 241.19 227.25 Td (be ) Tj ET Q q 0 0 0 rg BT 252.58 227.25 Td (used ) Tj ET Q q 0 0 0 rg BT 272.86 227.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.58 227.25 Td (of) Tj ET Q q 0 0 0 rg BT 290.73 227.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 307.12 227.25 Td (any ) Tj ET Q q 0 0 0 rg BT 323.50 227.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 360.44 227.25 Td (that ) Tj ET Q q 0 0 0 rg BT 377.24 227.25 Td (V) Tj ET Q q 0 0 0 rg BT 383.17 227.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 401.14 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.09 227.25 Td (might ) Tj ET Q q 0 0 0 rg BT 428.37 227.25 Td (be ) Tj ET Q q 0 0 0 rg BT 439.76 227.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 475.57 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 485.30 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.46 227.25 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 538.06 227.25 Td (courts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.25 Td (if ) Tj ET Q q 0 0 0 rg BT 62.61 215.25 Td (for ) Tj ET Q q 0 0 0 rg BT 76.77 215.25 Td (any ) Tj ET Q q 0 0 0 rg BT 93.71 215.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 122.31 215.25 Td (we ) Tj ET Q q 0 0 0 rg BT 136.47 215.25 Td (are ) Tj ET Q q 0 0 0 rg BT 151.17 215.25 Td (not ) Tj ET Q q 0 0 0 rg BT 166.45 215.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 210.05 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.33 215.25 Td (defending ) Tj ET Q q 0 0 0 rg BT 262.81 215.25 Td (ourselves ) Tj ET Q q 0 0 0 rg BT 303.08 215.25 Td (against ) Tj ET Q q 0 0 0 rg BT 333.73 215.25 Td (V) Tj ET Q q 0 0 0 rg BT 339.66 215.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 360.78 215.25 Td (s ) Tj ET Q q 0 0 0 rg BT 367.17 215.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 391.89 215.25 Td (for ) Tj ET Q q 0 0 0 rg BT 406.05 215.25 Td (damages.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 194.25 Td (T) Tj ET Q q 0 0 0 rg BT 59.74 194.25 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 103.92 194.25 Td (Litigation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.48 194.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 173.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 173.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.96 173.25 Td (are ) Tj ET Q q 0 0 0 rg BT 106.56 173.25 Td (party ) Tj ET Q q 0 0 0 rg BT 129.49 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.66 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.48 173.25 Td (group ) Tj ET Q q 0 0 0 rg BT 172.20 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.91 173.25 Td (related ) Tj ET Q q 0 0 0 rg BT 212.50 173.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 243.21 173.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 272.82 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 294.64 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.25 173.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 339.96 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.68 173.25 Td (an ) Tj ET Q q 0 0 0 rg BT 362.50 173.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 393.75 173.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.58 173.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.58 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 427.96 173.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 460.90 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.89 173.25 Td (T) Tj ET Q q 0 0 0 rg BT 476.64 173.25 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 517.91 173.25 Td (S/A) Tj ET Q q 0 0 0 rg BT 532.92 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.30 173.25 Td (Linhas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 161.25 Td (Areas ) Tj ET Q q 0 0 0 rg BT 79.36 161.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 92.88 161.25 Td (ransbrasil\), ) Tj ET Q q 0 0 0 rg BT 144.06 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 150.54 161.25 Td (now-defunct ) Tj ET Q q 0 0 0 rg BT 203.11 161.25 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 241.80 161.25 Td (airline. ) Tj ET Q q 0 0 0 rg BT 271.88 161.25 Td (By ) Tj ET Q q 0 0 0 rg BT 285.58 161.25 Td (1998, ) Tj ET Q q 0 0 0 rg BT 309.97 161.25 Td (T) Tj ET Q q 0 0 0 rg BT 315.73 161.25 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 356.64 161.25 Td (had ) Tj ET Q q 0 0 0 rg BT 373.12 161.25 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 412.35 161.25 Td (on ) Tj ET Q q 0 0 0 rg BT 424.39 161.25 Td (various ) Tj ET Q q 0 0 0 rg BT 455.86 161.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 502.34 161.25 Td (under ) Tj ET Q q 0 0 0 rg BT 527.15 161.25 Td (its ) Tj ET Q q 0 0 0 rg BT 538.63 161.25 Td (leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 149.25 Td (with ) Tj ET Q q 0 0 0 rg BT 74.73 149.25 Td (two ) Tj ET Q q 0 0 0 rg BT 92.03 149.25 Td (AerCap-related ) Tj ET Q q 0 0 0 rg BT 156.61 149.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 202.33 149.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 220.83 149.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 259.32 149.25 Td (Lessors\), ) Tj ET Q q 0 0 0 rg BT 303.09 149.25 Td (along ) Tj ET Q q 0 0 0 rg BT 328.26 149.25 Td (with ) Tj ET Q q 0 0 0 rg BT 348.99 149.25 Td (other ) Tj ET Q q 0 0 0 rg BT 372.48 149.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 399.31 149.25 Td (it ) Tj ET Q q 0 0 0 rg BT 407.82 149.25 Td (had ) Tj ET Q q 0 0 0 rg BT 425.21 149.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 457.59 149.25 Td (into ) Tj ET Q q 0 0 0 rg BT 476.10 149.25 Td (with ) Tj ET Q q 0 0 0 rg BT 496.83 149.25 Td (General ) Tj ET Q q 0 0 0 rg BT 531.42 149.25 Td (Electric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 137.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 85.10 137.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 135.65 137.25 Td (\(GECC\) ) Tj ET Q q 0 0 0 rg BT 180.08 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.74 137.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 226.16 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.71 137.25 Td (its ) Tj ET Q q 0 0 0 rg BT 248.38 137.25 Td (af) Tj ET Q q 0 0 0 rg BT 255.97 137.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 285.40 137.25 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 337.59 137.25 Td (with ) Tj ET Q q 0 0 0 rg BT 357.59 137.25 Td (GECC, ) Tj ET Q q 0 0 0 rg BT 388.98 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.42 137.25 Td (GE ) Tj ET Q q 0 0 0 rg BT 423.41 137.25 Td (Lessors\). ) Tj ET Q q 0 0 0 rg BT 466.45 137.25 Td (General ) Tj ET Q q 0 0 0 rg BT 500.32 137.25 Td (Electric ) Tj ET Q q 0 0 0 rg BT 533.63 137.25 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 125.25 Td (A) Tj ET Q q 0 0 0 rg BT 60.48 125.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 89.72 125.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 125.06 125.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 158.19 125.25 Td (\(GECAS\) ) Tj ET Q q 0 0 0 rg BT 207.98 125.25 Td (was ) Tj ET Q q 0 0 0 rg BT 224.99 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.68 125.25 Td (servicer ) Tj ET Q q 0 0 0 rg BT 271.79 125.25 Td (for ) Tj ET Q q 0 0 0 rg BT 284.92 125.25 Td (all ) Tj ET Q q 0 0 0 rg BT 296.38 125.25 Td (these ) Tj ET Q q 0 0 0 rg BT 318.39 125.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 343.73 125.25 Td (at ) Tj ET Q q 0 0 0 rg BT 352.42 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.10 125.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 387.84 125.25 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 441.08 125.25 Td (, ) Tj ET Q q 0 0 0 rg BT 444.94 125.25 Td (T) Tj ET Q q 0 0 0 rg BT 450.69 125.25 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 491.04 125.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 517.50 125.25 Td (promissory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 113.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 77.72 113.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 95.88 113.25 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 134.03 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.42 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.67 113.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 192.38 113.25 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 225.55 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.60 113.25 Td (GE ) Tj ET Q q 0 0 0 rg BT 258.54 113.25 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 291.70 113.25 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 344.29 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.12 113.25 Td (Lessors\) ) Tj ET Q q 0 0 0 rg BT 404.49 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.88 113.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 461.37 113.25 Td (with ) Tj ET Q q 0 0 0 rg BT 481.76 113.25 Td (restructurings ) Tj ET Q q 0 0 0 rg BT 539.36 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 113.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 101.25 Td (leases. ) Tj ET Q q 0 0 0 rg BT 82.36 101.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.11 101.25 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 129.13 101.25 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 168.46 101.25 Td (on ) Tj ET Q q 0 0 0 rg BT 180.60 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.95 101.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 220.42 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.99 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.87 101.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 284.10 101.25 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 316.79 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.37 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.72 101.25 Td (GE ) Tj ET Q q 0 0 0 rg BT 363.18 101.25 Td (Lessors, ) Tj ET Q q 0 0 0 rg BT 398.37 101.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 448.84 101.25 Td (brought ) Tj ET Q q 0 0 0 rg BT 482.08 101.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 534.19 101.25 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 89.25 Td (against ) Tj ET Q q 0 0 0 rg BT 84.64 89.25 Td (T) Tj ET Q q 0 0 0 rg BT 90.40 89.25 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 131.78 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.06 89.25 Td (2001 ) Tj ET Q q 0 0 0 rg BT 164.56 89.25 Td (\(GECC ) Tj ET Q q 0 0 0 rg BT 197.06 89.25 Td (also ) Tj ET Q q 0 0 0 rg BT 215.67 89.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 236.49 89.25 Td (an ) Tj ET Q q 0 0 0 rg BT 248.43 89.25 Td (action ) Tj ET Q q 0 0 0 rg BT 275.36 89.25 Td (for ) Tj ET Q q 0 0 0 rg BT 289.52 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.24 89.25 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 352.84 89.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 400.33 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.98 89.25 Td (T) Tj ET Q q 0 0 0 rg BT 416.73 89.25 Td (ransbrasil\).) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 23. Commitments and contingencies \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (29) Tj ET Q 0 0 0 rg /GS0 gs 53.50 25.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (T) Tj ET Q q 0 0 0 rg BT 82.26 686.10 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 123.19 686.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 156.35 686.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.84 686.10 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 193.78 686.10 Td (against ) Tj ET Q q 0 0 0 rg BT 224.15 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.42 686.10 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 271.03 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.86 686.10 Td (February ) Tj ET Q q 0 0 0 rg BT 319.01 686.10 Td (2001 ) Tj ET Q q 0 0 0 rg BT 341.06 686.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 358.66 686.10 Td (T) Tj ET Q q 0 0 0 rg BT 368.85 686.10 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 409.78 686.10 Td (Lawsuit\), ) Tj ET Q q 0 0 0 rg BT 454.32 686.10 Td (claiming ) Tj ET Q q 0 0 0 rg BT 491.36 686.10 Td (that ) Tj ET Q q 0 0 0 rg BT 508.41 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.68 686.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 548.06 686.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.60 674.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 82.40 674.10 Td (been ) Tj ET Q q 0 0 0 rg BT 104.10 674.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 124.13 674.10 Td (at ) Tj ET Q q 0 0 0 rg BT 134.17 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.20 674.10 Td (time ) Tj ET Q q 0 0 0 rg BT 169.80 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.83 674.10 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 218.20 674.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 252.13 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.17 674.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 319.96 674.10 Td (actions. ) Tj ET Q q 0 0 0 rg BT 353.60 674.10 Td (In ) Tj ET Q q 0 0 0 rg BT 364.75 674.10 Td (2007, ) Tj ET Q q 0 0 0 rg BT 390.07 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.10 674.10 Td (trial ) Tj ET Q q 0 0 0 rg BT 424.02 674.10 Td (judge ) Tj ET Q q 0 0 0 rg BT 449.06 674.10 Td (ruled ) Tj ET Q q 0 0 0 rg BT 472.43 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.02 674.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 506.94 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.89 674.10 Td (T) Tj ET Q q 0 0 0 rg BT 523.64 674.10 Td (ransbrasil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.65 662.10 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 118.70 662.10 Td (appealed. ) Tj ET Q q 0 0 0 rg BT 159.23 662.10 Td (In ) Tj ET Q q 0 0 0 rg BT 169.51 662.10 Td (April ) Tj ET Q q 0 0 0 rg BT 193.11 662.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 218.11 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.82 662.10 Td (appellate ) Tj ET Q q 0 0 0 rg BT 271.41 662.10 Td (court ) Tj ET Q q 0 0 0 rg BT 294.45 662.10 Td (published ) Tj ET Q q 0 0 0 rg BT 335.84 662.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.77 662.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 383.05 662.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 401.09 662.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 428.03 662.10 Td (Judgment\) ) Tj ET Q q 0 0 0 rg BT 477.18 662.10 Td (rejecting ) Tj ET Q q 0 0 0 rg BT 514.66 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.37 662.10 Td (Lessors) Tj ET Q q 0 0 0 rg BT 562.51 662.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.10 Td (appeal, ) Tj ET Q q 0 0 0 rg BT 86.05 650.10 Td (ordering ) Tj ET Q q 0 0 0 rg BT 123.38 650.10 Td (them ) Tj ET Q q 0 0 0 rg BT 146.83 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.06 650.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 175.71 650.10 Td (T) Tj ET Q q 0 0 0 rg BT 181.46 650.10 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 223.79 650.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 262.24 650.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 301.24 650.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 326.35 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.58 650.10 Td (double ) Tj ET Q q 0 0 0 rg BT 368.25 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.93 650.10 Td (face ) Tj ET Q q 0 0 0 rg BT 404.03 650.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 437.48 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.26 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.93 650.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 491.72 650.10 Td (\(plus ) Tj ET Q q 0 0 0 rg BT 515.17 650.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 548.06 650.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 638.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 94.50 638.10 Td (adjustments\) ) Tj ET Q q 0 0 0 rg BT 148.34 638.10 Td (as ) Tj ET Q q 0 0 0 rg BT 159.41 638.10 Td (well ) Tj ET Q q 0 0 0 rg BT 179.37 638.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.44 638.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 228.16 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.56 638.10 Td (any ) Tj ET Q q 0 0 0 rg BT 259.73 638.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 286.36 638.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 322.42 638.10 Td (as ) Tj ET Q q 0 0 0 rg BT 333.49 638.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.66 638.10 Td (result ) Tj ET Q q 0 0 0 rg BT 365.62 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.69 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.64 638.10 Td (attempts ) Tj ET Q q 0 0 0 rg BT 428.26 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.78 638.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 468.17 638.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.91 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.86 638.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 524.23 638.10 Td (The ) Tj ET Q q 0 0 0 rg BT 542.52 638.10 Td (2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.10 Td (Judgment ) Tj ET Q q 0 0 0 rg BT 95.24 626.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 133.15 626.10 Td (that ) Tj ET Q q 0 0 0 rg BT 150.50 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.07 626.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 197.42 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.11 626.10 Td (such ) Tj ET Q q 0 0 0 rg BT 228.79 626.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 255.04 626.10 Td (would ) Tj ET Q q 0 0 0 rg BT 282.40 626.10 Td (be ) Tj ET Q q 0 0 0 rg BT 294.19 626.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 337.07 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.21 626.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 382.32 626.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 432.99 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.12 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.70 626.10 Td (trial ) Tj ET Q q 0 0 0 rg BT 476.16 626.10 Td (court ) Tj ET Q q 0 0 0 rg BT 499.06 626.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 516.96 626.10 Td (Indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.10 Td (Claim\). ) Tj ET Q q 0 0 0 rg BT 91.10 614.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.82 614.10 Td (June ) Tj ET Q q 0 0 0 rg BT 122.54 614.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 147.43 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.51 614.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 195.00 614.10 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 227.94 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.77 614.10 Td (GE ) Tj ET Q q 0 0 0 rg BT 260.49 614.10 Td (Lessors ) Tj ET Q q 0 0 0 rg BT 293.43 614.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 336.36 614.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 357.07 614.10 Td (special ) Tj ET Q q 0 0 0 rg BT 387.23 614.10 Td (appeals ) Tj ET Q q 0 0 0 rg BT 419.60 614.10 Td (before ) Tj ET Q q 0 0 0 rg BT 447.53 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.13 614.10 Td (STJ ) Tj ET Q q 0 0 0 rg BT 480.09 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.25 614.10 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 519.58 614.10 Td (In ) Tj ET Q q 0 0 0 rg BT 530.30 614.10 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 602.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 79.14 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.99 602.10 Td (STJ ) Tj ET Q q 0 0 0 rg BT 112.19 602.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 144.81 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.66 602.10 Td (special ) Tj ET Q q 0 0 0 rg BT 190.06 602.10 Td (appeals ) Tj ET Q q 0 0 0 rg BT 222.68 602.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 243.64 602.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.28 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.13 602.10 Td (GE ) Tj ET Q q 0 0 0 rg BT 287.09 602.10 Td (Lessors, ) Tj ET Q q 0 0 0 rg BT 322.78 602.10 Td (ef) Tj ET Q q 0 0 0 rg BT 330.37 602.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 367.99 602.10 Td (reversing ) Tj ET Q q 0 0 0 rg BT 407.83 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.68 602.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 445.32 602.10 Td (Judgment ) Tj ET Q q 0 0 0 rg BT 486.84 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.25 602.10 Td (most ) Tj ET Q q 0 0 0 rg BT 519.34 602.10 Td (respects ) Tj ET Q q 0 0 0 rg BT 554.18 602.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.86 590.10 Td (all ) Tj ET Q q 0 0 0 rg BT 77.94 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.35 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.65 590.10 Td (Lessors. ) Tj ET Q q 0 0 0 rg BT 140.57 590.10 Td (T) Tj ET Q q 0 0 0 rg BT 146.32 590.10 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 188.28 590.10 Td (appealed ) Tj ET Q q 0 0 0 rg BT 226.90 590.10 Td (this ) Tj ET Q q 0 0 0 rg BT 244.43 590.10 Td (order) Tj ET Q q 0 0 0 rg BT 265.13 590.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.71 590.10 Td (but ) Tj ET Q q 0 0 0 rg BT 286.58 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.88 590.10 Td (appellate ) Tj ET Q q 0 0 0 rg BT 341.05 590.10 Td (panel ) Tj ET Q q 0 0 0 rg BT 365.79 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.65 590.10 Td (November ) Tj ET Q q 0 0 0 rg BT 421.94 590.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 445.02 590.10 Td (rejected ) Tj ET Q q 0 0 0 rg BT 479.52 590.10 Td (T) Tj ET Q q 0 0 0 rg BT 485.28 590.10 Td (ransbrasil) Tj ET Q q 0 0 0 rg BT 526.94 590.10 Td (s ) Tj ET Q q 0 0 0 rg BT 533.91 590.10 Td (appeal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 578.10 Td (preserving ) Tj ET Q q 0 0 0 rg BT 98.99 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.99 578.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 136.77 578.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 171.20 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.31 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.31 578.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 220.09 578.10 Td (Judgment. ) Tj ET Q q 0 0 0 rg BT 263.65 578.10 Td (All ) Tj ET Q q 0 0 0 rg BT 279.21 578.10 Td (appeals ) Tj ET Q q 0 0 0 rg BT 311.97 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.54 578.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 353.63 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.75 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.54 578.10 Td (T) Tj ET Q q 0 0 0 rg BT 385.30 578.10 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 426.96 578.10 Td (Lawsuit ) Tj ET Q q 0 0 0 rg BT 461.96 578.10 Td (based ) Tj ET Q q 0 0 0 rg BT 487.51 578.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.29 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.29 578.10 Td (merit ) Tj ET Q q 0 0 0 rg BT 539.18 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 578.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 566.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 85.39 566.10 Td (have ) Tj ET Q q 0 0 0 rg BT 106.76 566.10 Td (now ) Tj ET Q q 0 0 0 rg BT 126.49 566.10 Td (concluded. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 545.10 Td (However) Tj ET Q q 0 0 0 rg BT 112.75 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.16 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.84 545.10 Td (July ) Tj ET Q q 0 0 0 rg BT 148.41 545.10 Td (201) Tj ET Q q 0 0 0 rg BT 163.04 545.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 173.45 545.10 Td (while ) Tj ET Q q 0 0 0 rg BT 198.57 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.69 545.10 Td (various ) Tj ET Q q 0 0 0 rg BT 246.04 545.10 Td (appeals ) Tj ET Q q 0 0 0 rg BT 278.93 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.16 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.28 545.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 328.19 545.10 Td (Judgment ) Tj ET Q q 0 0 0 rg BT 369.98 545.10 Td (were ) Tj ET Q q 0 0 0 rg BT 392.32 545.10 Td (pending, ) Tj ET Q q 0 0 0 rg BT 429.73 545.10 Td (T) Tj ET Q q 0 0 0 rg BT 435.48 545.10 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 477.27 545.10 Td (brought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.28 545.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.27 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.17 545.10 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 67.53 533.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 114.40 533.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 166.25 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.45 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.54 533.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 212.42 533.10 Td (Judgment ) Tj ET Q q 0 0 0 rg BT 253.18 533.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 270.60 533.10 Td (Provisional ) Tj ET Q q 0 0 0 rg BT 322.47 533.10 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 375.57 533.10 Td (Actions\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 533.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.54 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.41 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.06 533.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 476.91 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.00 533.10 Td (award ) Tj ET Q q 0 0 0 rg BT 517.31 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.51 533.10 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td (penalties; ) Tj ET Q q 0 0 0 rg BT 95.89 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.90 521.10 Td (second ) Tj ET Q q 0 0 0 rg BT 135.24 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.58 521.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 180.13 521.10 Td (attorneys) Tj ET Q q 0 0 0 rg BT 219.37 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.94 521.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 242.61 521.10 Td (related ) Tj ET Q q 0 0 0 rg BT 273.38 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.73 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.29 521.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 333.79 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.80 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.81 521.10 Td (third ) Tj ET Q q 0 0 0 rg BT 382.26 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.61 521.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 427.15 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.94 521.10 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 487.61 521.10 Td (Claim. ) Tj ET Q q 0 0 0 rg BT 517.87 521.10 Td (T) Tj ET Q q 0 0 0 rg BT 523.63 521.10 Td (ransbrasil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 95.48 509.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.96 509.10 Td (alleged ) Tj ET Q q 0 0 0 rg BT 137.87 509.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 183.77 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.14 509.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 231.17 509.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 271.24 509.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 300.22 509.10 Td (according ) Tj ET Q q 0 0 0 rg BT 341.68 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.34 509.10 Td (T) Tj ET Q q 0 0 0 rg BT 357.10 509.10 Td (ransbrasil, ) Tj ET Q q 0 0 0 rg BT 400.51 509.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 441.98 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.79 509.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.59 509.10 Td ($210 ) Tj ET Q q 0 0 0 rg BT 533.62 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.88 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.19 497.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 122.15 497.10 Td (against ) Tj ET Q q 0 0 0 rg BT 153.57 497.10 Td (all ) Tj ET Q q 0 0 0 rg BT 166.66 497.10 Td (defendants, ) Tj ET Q q 0 0 0 rg BT 215.58 497.10 Td (including ) Tj ET Q q 0 0 0 rg BT 256.45 497.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 288.98 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.51 497.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 347.37 497.10 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 400.52 497.10 Td (T) Tj ET Q q 0 0 0 rg BT 406.28 497.10 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 448.25 497.10 Td (also ) Tj ET Q q 0 0 0 rg BT 467.46 497.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 503.32 497.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 554.74 497.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 96.48 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.20 485.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 143.69 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.52 485.10 Td (its ) Tj ET Q q 0 0 0 rg BT 166.47 485.10 Td (alleged ) Tj ET Q q 0 0 0 rg BT 197.84 485.10 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 241.45 485.10 Td (Claim. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.34 464.10 Td (In ) Tj ET Q q 0 0 0 rg BT 90.52 464.10 Td (light ) Tj ET Q q 0 0 0 rg BT 111.69 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.87 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.93 464.10 Td (STJ) Tj ET Q q 0 0 0 rg BT 156.27 464.10 Td (s ) Tj ET Q q 0 0 0 rg BT 163.00 464.10 Td (ruling ) Tj ET Q q 0 0 0 rg BT 189.73 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.35 464.10 Td (October ) Tj ET Q q 0 0 0 rg BT 235.40 464.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 260.75 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.81 464.10 Td (trial ) Tj ET Q q 0 0 0 rg BT 294.75 464.10 Td (court ) Tj ET Q q 0 0 0 rg BT 318.15 464.10 Td (has ) Tj ET Q q 0 0 0 rg BT 334.32 464.10 Td (ordered ) Tj ET Q q 0 0 0 rg BT 367.70 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.76 464.10 Td (dismissal ) Tj ET Q q 0 0 0 rg BT 422.83 464.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 464.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.85 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.81 464.10 Td (T) Tj ET Q q 0 0 0 rg BT 468.57 464.10 Td (ransbrasil) Tj ET Q q 0 0 0 rg BT 510.23 464.10 Td (s ) Tj ET Q q 0 0 0 rg BT 516.96 464.10 Td (Provisional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.10 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 107.34 452.10 Td (Actionsthose ) Tj ET Q q 0 0 0 rg BT 171.74 452.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 204.46 452.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 241.64 452.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 279.36 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.98 452.10 Td (attorneys) Tj ET Q q 0 0 0 rg BT 335.22 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.40 452.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 358.02 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.59 452.10 Td (TJSP) Tj ET Q q 0 0 0 rg BT 396.35 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.53 452.10 Td (has ) Tj ET Q q 0 0 0 rg BT 414.04 452.10 Td (since ) Tj ET Q q 0 0 0 rg BT 436.76 452.10 Td (af) Tj ET Q q 0 0 0 rg BT 444.35 452.10 Td (firmed ) Tj ET Q q 0 0 0 rg BT 473.19 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.58 452.10 Td (dismissals ) Tj ET Q q 0 0 0 rg BT 530.88 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.39 452.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 438.90 Td (actions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 83.95 438.90 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.83 438.90 Td ( ) Tj ET Q q 0 0 0 rg BT 101.34 438.90 Td (T) Tj ET Q q 0 0 0 rg BT 107.10 438.90 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 147.60 438.90 Td (has ) Tj ET Q q 0 0 0 rg BT 162.55 438.90 Td (appealed ) Tj ET Q q 0 0 0 rg BT 199.71 438.90 Td (that ) Tj ET Q q 0 0 0 rg BT 216.33 438.90 Td (order) Tj ET Q q 0 0 0 rg BT 236.88 438.90 Td (. ) Tj ET Q q 0 0 0 rg BT 240.89 438.90 Td (T) Tj ET Q q 0 0 0 rg BT 246.64 438.90 Td (ransbrasil) Tj ET Q q 0 0 0 rg BT 288.30 438.90 Td (s ) Tj ET Q q 0 0 0 rg BT 293.81 438.90 Td (Provisional ) Tj ET Q q 0 0 0 rg BT 341.00 438.90 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 393.90 438.90 Td (Action ) Tj ET Q q 0 0 0 rg BT 422.74 438.90 Td (with ) Tj ET Q q 0 0 0 rg BT 442.15 438.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 472.09 438.90 Td (to ) Tj ET Q q 0 0 0 rg BT 481.49 438.90 Td (the ) Tj ET Q q 0 0 0 rg BT 495.33 438.90 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 538.06 438.90 Td (Claim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 426.90 Td (remains ) Tj ET Q q 0 0 0 rg BT 88.19 426.90 Td (pending. ) Tj ET Q q 0 0 0 rg BT 125.25 426.90 Td (W) Tj ET Q q 0 0 0 rg BT 133.89 426.90 Td (e ) Tj ET Q q 0 0 0 rg BT 140.86 426.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 172.26 426.90 Td (we ) Tj ET Q q 0 0 0 rg BT 186.45 426.90 Td (have ) Tj ET Q q 0 0 0 rg BT 207.86 426.90 Td (strong ) Tj ET Q q 0 0 0 rg BT 235.39 426.90 Td (ar) Tj ET Q q 0 0 0 rg BT 242.98 426.90 Td (guments ) Tj ET Q q 0 0 0 rg BT 279.40 426.90 Td (to ) Tj ET Q q 0 0 0 rg BT 289.70 426.90 Td (convince ) Tj ET Q q 0 0 0 rg BT 328.33 426.90 Td (the ) Tj ET Q q 0 0 0 rg BT 343.08 426.90 Td (court ) Tj ET Q q 0 0 0 rg BT 366.15 426.90 Td (that ) Tj ET Q q 0 0 0 rg BT 383.50 426.90 Td (T) Tj ET Q q 0 0 0 rg BT 389.25 426.90 Td (ransbrasil ) Tj ET Q q 0 0 0 rg BT 430.66 426.90 Td (suf) Tj ET Q q 0 0 0 rg BT 442.70 426.90 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.77 426.90 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.77 426.90 Td ( ) Tj ET Q q 0 0 0 rg BT 478.30 426.90 Td (material ) Tj ET Q q 0 0 0 rg BT 513.59 426.90 Td (damage ) Tj ET Q q 0 0 0 rg BT 547.21 426.90 Td (as ) Tj ET Q q 0 0 0 rg BT 558.08 426.90 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 414.90 Td (result ) Tj ET Q q 0 0 0 rg BT 78.72 414.90 Td (of ) Tj ET Q q 0 0 0 rg BT 89.55 414.90 Td (the ) Tj ET Q q 0 0 0 rg BT 104.26 414.90 Td (defendants) Tj ET Q q 0 0 0 rg BT 150.17 414.90 Td ( ) Tj ET Q q 0 0 0 rg BT 152.67 414.90 Td (attempts ) Tj ET Q q 0 0 0 rg BT 189.05 414.90 Td (to ) Tj ET Q q 0 0 0 rg BT 199.33 414.90 Td (collect ) Tj ET Q q 0 0 0 rg BT 228.48 414.90 Td (on ) Tj ET Q q 0 0 0 rg BT 240.98 414.90 Td (the ) Tj ET Q q 0 0 0 rg BT 255.69 414.90 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 393.90 Td (In ) Tj ET Q q 0 0 0 rg BT 87.26 393.90 Td (February ) Tj ET Q q 0 0 0 rg BT 125.78 393.90 Td (2012, ) Tj ET Q q 0 0 0 rg BT 150.17 393.90 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 183.70 393.90 Td (brought ) Tj ET Q q 0 0 0 rg BT 217.23 393.90 Td (a ) Tj ET Q q 0 0 0 rg BT 224.10 393.90 Td (civil ) Tj ET Q q 0 0 0 rg BT 244.30 393.90 Td (complaint ) Tj ET Q q 0 0 0 rg BT 286.72 393.90 Td (against ) Tj ET Q q 0 0 0 rg BT 317.47 393.90 Td (GECAS ) Tj ET Q q 0 0 0 rg BT 352.68 393.90 Td (and ) Tj ET Q q 0 0 0 rg BT 369.54 393.90 Td (GECC ) Tj ET Q q 0 0 0 rg BT 398.64 393.90 Td (in ) Tj ET Q q 0 0 0 rg BT 408.85 393.90 Td (the ) Tj ET Q q 0 0 0 rg BT 423.49 393.90 Td (State ) Tj ET Q q 0 0 0 rg BT 445.91 393.90 Td (of ) Tj ET Q q 0 0 0 rg BT 456.67 393.90 Td (New ) Tj ET Q q 0 0 0 rg BT 477.62 393.90 Td (Y) Tj ET Q q 0 0 0 rg BT 483.84 393.90 Td (ork ) Tj ET Q q 0 0 0 rg BT 499.59 393.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 517.57 393.90 Td (New ) Tj ET Q q 0 0 0 rg BT 542.95 393.90 Td (Y) Tj ET Q q 0 0 0 rg BT 549.17 393.90 Td (ork ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 381.90 Td (Action\), ) Tj ET Q q 0 0 0 rg BT 94.20 381.90 Td (alleging, ) Tj ET Q q 0 0 0 rg BT 131.63 381.90 Td (among ) Tj ET Q q 0 0 0 rg BT 161.57 381.90 Td (other ) Tj ET Q q 0 0 0 rg BT 184.84 381.90 Td (things, ) Tj ET Q q 0 0 0 rg BT 214.50 381.90 Td (that ) Tj ET Q q 0 0 0 rg BT 232.22 381.90 Td (GECAS ) Tj ET Q q 0 0 0 rg BT 267.72 381.90 Td (and ) Tj ET Q q 0 0 0 rg BT 284.88 381.90 Td (GECC ) Tj ET Q q 0 0 0 rg BT 314.26 381.90 Td (had ) Tj ET Q q 0 0 0 rg BT 331.42 381.90 Td (violated ) Tj ET Q q 0 0 0 rg BT 366.35 381.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 396.27 381.90 Td (duties ) Tj ET Q q 0 0 0 rg BT 422.88 381.90 Td (to ) Tj ET Q q 0 0 0 rg BT 432.78 381.90 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 466.59 381.90 Td (in ) Tj ET Q q 0 0 0 rg BT 477.09 381.90 Td (connection ) Tj ET Q q 0 0 0 rg BT 523.68 381.90 Td (with ) Tj ET Q q 0 0 0 rg BT 544.18 381.90 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 369.90 Td (attempts ) Tj ET Q q 0 0 0 rg BT 89.73 369.90 Td (to ) Tj ET Q q 0 0 0 rg BT 99.35 369.90 Td (enforce ) Tj ET Q q 0 0 0 rg BT 131.18 369.90 Td (the ) Tj ET Q q 0 0 0 rg BT 145.24 369.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 170.42 369.90 Td (and ) Tj ET Q q 0 0 0 rg BT 186.70 369.90 Td (their ) Tj ET Q q 0 0 0 rg BT 206.88 369.90 Td (defense ) Tj ET Q q 0 0 0 rg BT 239.26 369.90 Td (of ) Tj ET Q q 0 0 0 rg BT 249.30 369.90 Td (T) Tj ET Q q 0 0 0 rg BT 255.06 369.90 Td (ransbrasil) Tj ET Q q 0 0 0 rg BT 296.72 369.90 Td (s ) Tj ET Q q 0 0 0 rg BT 302.46 369.90 Td (lawsuit. ) Tj ET Q q 0 0 0 rg BT 335.69 369.90 Td (In ) Tj ET Q q 0 0 0 rg BT 345.87 369.90 Td (November ) Tj ET Q q 0 0 0 rg BT 389.92 369.90 Td (2012, ) Tj ET Q q 0 0 0 rg BT 413.86 369.90 Td (AerCap, ) Tj ET Q q 0 0 0 rg BT 449.31 369.90 Td (GECAS, ) Tj ET Q q 0 0 0 rg BT 486.44 369.90 Td (and ) Tj ET Q q 0 0 0 rg BT 502.72 369.90 Td (the ) Tj ET Q q 0 0 0 rg BT 516.79 369.90 Td (GE ) Tj ET Q q 0 0 0 rg BT 531.96 369.90 Td (Lessors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 357.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 84.85 357.90 Td (into ) Tj ET Q q 0 0 0 rg BT 101.84 357.90 Td (a ) Tj ET Q q 0 0 0 rg BT 107.71 357.90 Td (settlement ) Tj ET Q q 0 0 0 rg BT 150.24 357.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 193.31 357.90 Td (resolving ) Tj ET Q q 0 0 0 rg BT 231.96 357.90 Td (all ) Tj ET Q q 0 0 0 rg BT 243.38 357.90 Td (of ) Tj ET Q q 0 0 0 rg BT 253.15 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 266.79 357.90 Td (claims ) Tj ET Q q 0 0 0 rg BT 294.33 357.90 Td (raised ) Tj ET Q q 0 0 0 rg BT 319.63 357.90 Td (in ) Tj ET Q q 0 0 0 rg BT 328.84 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 342.49 357.90 Td (New ) Tj ET Q q 0 0 0 rg BT 362.59 357.90 Td (Y) Tj ET Q q 0 0 0 rg BT 368.81 357.90 Td (ork ) Tj ET Q q 0 0 0 rg BT 383.26 357.90 Td (Action. ) Tj ET Q q 0 0 0 rg BT 414.30 357.90 Td (The ) Tj ET Q q 0 0 0 rg BT 431.28 357.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 454.93 357.90 Td (of ) Tj ET Q q 0 0 0 rg BT 464.69 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 478.33 357.90 Td (settlement ) Tj ET Q q 0 0 0 rg BT 520.86 357.90 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 345.90 Td (are ) Tj ET Q q 0 0 0 rg BT 68.71 345.90 Td (confidential.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.75 Td ( 24. Fair) Tj ET Q q 0 0 0 rg BT 88.14 706.75 Td ( value measur) Tj ET Q q 0 0 0 rg BT 147.40 706.75 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (30) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.29 686.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.43 686.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 181.55 686.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 197.67 686.10 Td (value ) Tj ET Q q 0 0 0 rg BT 221.58 686.10 Td (based ) Tj ET Q q 0 0 0 rg BT 246.59 686.10 Td (on ) Tj ET Q q 0 0 0 rg BT 258.84 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.30 686.10 Td (price ) Tj ET Q q 0 0 0 rg BT 295.54 686.10 Td (that ) Tj ET Q q 0 0 0 rg BT 312.78 686.10 Td (would ) Tj ET Q q 0 0 0 rg BT 340.03 686.10 Td (be ) Tj ET Q q 0 0 0 rg BT 351.71 686.10 Td (received ) Tj ET Q q 0 0 0 rg BT 387.82 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.85 686.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 413.98 686.10 Td (an ) Tj ET Q q 0 0 0 rg BT 425.67 686.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 447.35 686.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.93 686.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 477.40 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.42 686.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 520.21 686.10 Td (a ) Tj ET Q q 0 0 0 rg BT 526.89 686.10 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 63.72 674.10 Td (an ) Tj ET Q q 0 0 0 rg BT 75.11 674.10 Td (orderly ) Tj ET Q q 0 0 0 rg BT 105.93 674.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 151.75 674.10 Td (between ) Tj ET Q q 0 0 0 rg BT 187.01 674.10 Td (market ) Tj ET Q q 0 0 0 rg BT 216.72 674.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 265.32 674.10 Td (at ) Tj ET Q q 0 0 0 rg BT 274.48 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.64 674.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 343.90 674.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 365.00 674.10 Td (It ) Tj ET Q q 0 0 0 rg BT 373.05 674.10 Td (is ) Tj ET Q q 0 0 0 rg BT 381.67 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.94 674.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 423.89 674.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.61 674.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 474.98 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.15 674.10 Td (use ) Tj ET Q q 0 0 0 rg BT 504.42 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.70 674.10 Td (observable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 80.46 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.90 662.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 136.68 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.90 662.10 Td (use ) Tj ET Q q 0 0 0 rg BT 166.24 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.57 662.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 231.90 662.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 258.35 662.10 Td (when ) Tj ET Q q 0 0 0 rg BT 282.02 662.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 328.46 662.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 344.34 662.10 Td (value ) Tj ET Q q 0 0 0 rg BT 368.00 662.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 429.71 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.50 662.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 486.47 662.10 Td (with ) Tj ET Q q 0 0 0 rg BT 506.25 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.47 662.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.36 662.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 93.29 650.10 Td (as ) Tj ET Q q 0 0 0 rg BT 103.17 650.10 Td (described ) Tj ET Q q 0 0 0 rg BT 143.02 650.10 Td (below) Tj ET Q q 0 0 0 rg BT 166.81 650.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.74 650.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 198.93 650.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 228.80 650.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.67 650.10 Td (no ) Tj ET Q q 0 0 0 rg BT 250.21 650.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 295.06 650.10 Td (market ) Tj ET Q q 0 0 0 rg BT 324.37 650.10 Td (data ) Tj ET Q q 0 0 0 rg BT 342.56 650.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 369.38 650.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 384.80 650.10 Td (value ) Tj ET Q q 0 0 0 rg BT 408.00 650.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 466.74 650.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.94 650.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 504.81 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.79 650.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 638.10 Td (are ) Tj ET Q q 0 0 0 rg BT 68.33 638.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 107.66 638.10 Td (based ) Tj ET Q q 0 0 0 rg BT 132.54 638.10 Td (on ) Tj ET Q q 0 0 0 rg BT 144.66 638.10 Td (management) Tj ET Q q 0 0 0 rg BT 198.53 638.10 Td (s ) Tj ET Q q 0 0 0 rg BT 204.54 638.10 Td (own ) Tj ET Q q 0 0 0 rg BT 223.88 638.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 263.21 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.77 638.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.10 638.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 336.74 638.10 Td (based ) Tj ET Q q 0 0 0 rg BT 361.63 638.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 383.75 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.09 638.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 439.08 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.64 638.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 504.96 638.10 Td (environment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.34 626.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 129.65 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.10 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.44 626.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 179.00 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.45 626.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 224.68 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.24 626.10 Td (other ) Tj ET Q q 0 0 0 rg BT 265.91 626.10 Td (such ) Tj ET Q q 0 0 0 rg BT 287.36 626.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 319.96 626.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 365.00 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.34 626.10 Td (results ) Tj ET Q q 0 0 0 rg BT 409.57 626.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.90 626.10 Td (not ) Tj ET Q q 0 0 0 rg BT 445.80 626.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.36 626.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 493.13 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.03 626.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 531.02 626.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 549.69 626.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 98.71 614.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 142.31 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.14 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.85 614.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 189.79 614.10 Td (or ) Tj ET Q q 0 0 0 rg BT 200.62 614.10 Td (liability) Tj ET Q q 0 0 0 rg BT 231.08 614.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.48 593.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 121.56 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.33 593.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 170.53 593.10 Td (used ) Tj ET Q q 0 0 0 rg BT 190.30 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.51 593.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 242.60 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.25 593.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 271.56 593.10 Td (value ) Tj ET Q q 0 0 0 rg BT 294.65 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.42 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.29 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.71 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.58 593.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 417.33 593.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 438.20 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 447.96 593.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 480.51 593.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 519.14 593.10 Td (correlates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (with ) Tj ET Q q 0 0 0 rg BT 74.34 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.12 581.10 Td (level ) Tj ET Q q 0 0 0 rg BT 111.11 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.00 581.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 152.88 581.10 Td (observability) Tj ET Q q 0 0 0 rg BT 204.45 581.10 Td (. ) Tj ET Q q 0 0 0 rg BT 209.32 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 217.96 581.10 Td (e ) Tj ET Q q 0 0 0 rg BT 224.96 581.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 258.06 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.96 581.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.39 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.61 581.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 374.37 581.10 Td (based ) Tj ET Q q 0 0 0 rg BT 399.70 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.26 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.04 581.10 Td (observability ) Tj ET Q q 0 0 0 rg BT 481.81 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.81 581.10 Td (significance ) Tj ET Q q 0 0 0 rg BT 549.68 581.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 569.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 95.67 569.10 Td (used ) Tj ET Q q 0 0 0 rg BT 116.50 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.77 569.10 Td (making ) Tj ET Q q 0 0 0 rg BT 159.27 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.99 569.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 232.30 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 243.13 569.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.17 569.10 Td (below: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 548.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 101.76 548.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 109.26 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.76 548.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 153.70 548.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 180.08 548.10 Td (available ) Tj ET Q q 0 0 0 rg BT 218.67 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.95 548.10 Td (active ) Tj ET Q q 0 0 0 rg BT 255.32 548.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 289.47 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.63 548.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 340.56 548.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 366.39 548.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.22 548.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 416.94 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.77 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.60 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.32 548.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 489.13 548.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 527.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 101.78 527.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 109.30 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.81 527.10 Td (Observable ) Tj ET Q q 0 0 0 rg BT 169.87 527.10 Td (market ) Tj ET Q q 0 0 0 rg BT 200.15 527.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 221.82 527.10 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 249.33 527.10 Td (include ) Tj ET Q q 0 0 0 rg BT 281.28 527.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 311.02 527.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 337.41 527.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.58 527.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 381.87 527.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 410.22 527.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 449.95 527.10 Td (\(risk ) Tj ET Q q 0 0 0 rg BT 470.80 527.10 Td (adjusted\) ) Tj ET Q q 0 0 0 rg BT 509.97 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.93 527.10 Td (market-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 515.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 107.38 515.10 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 136.63 515.10 Td (such ) Tj ET Q q 0 0 0 rg BT 157.26 515.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.89 515.10 Td (market ) Tj ET Q q 0 0 0 rg BT 197.96 515.10 Td (comparables, ) Tj ET Q q 0 0 0 rg BT 253.29 515.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 285.02 515.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 308.70 515.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 330.99 515.10 Td (curves ) Tj ET Q q 0 0 0 rg BT 359.39 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.13 515.10 Td (other ) Tj ET Q q 0 0 0 rg BT 398.98 515.10 Td (items ) Tj ET Q q 0 0 0 rg BT 422.94 515.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.24 515.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 464.75 515.10 Td (value ) Tj ET Q q 0 0 0 rg BT 488.71 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.79 515.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.52 515.10 Td (determined.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 494.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 102.20 494.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 110.14 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.07 494.10 Td (Unobservable ) Tj ET Q q 0 0 0 rg BT 181.55 494.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 208.93 494.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.31 494.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.58 494.10 Td (own ) Tj ET Q q 0 0 0 rg BT 267.74 494.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 320.12 494.10 Td (about ) Tj ET Q q 0 0 0 rg BT 345.27 494.10 Td (market ) Tj ET Q q 0 0 0 rg BT 375.98 494.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 393.91 494.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 437.94 494.10 Td (based ) Tj ET Q q 0 0 0 rg BT 463.65 494.10 Td (on ) Tj ET Q q 0 0 0 rg BT 476.59 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.74 494.10 Td (best ) Tj ET Q q 0 0 0 rg BT 510.78 494.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 95.09 482.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 125.91 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.19 482.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 154.80 482.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 185.06 482.10 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 222.28 482.10 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 249.78 482.10 Td (may ) Tj ET Q q 0 0 0 rg BT 269.50 482.10 Td (include ) Tj ET Q q 0 0 0 rg BT 301.43 482.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.26 482.10 Td (own ) Tj ET Q q 0 0 0 rg BT 336.98 482.10 Td (data. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 461.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 95.44 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 119.93 461.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 179.96 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 195.00 461.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 235.60 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.21 461.10 Td (their ) Tj ET Q q 0 0 0 rg BT 267.36 461.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 300.74 461.10 Td (based ) Tj ET Q q 0 0 0 rg BT 326.34 461.10 Td (on ) Tj ET Q q 0 0 0 rg BT 339.17 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.22 461.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 383.16 461.10 Td (level ) Tj ET Q q 0 0 0 rg BT 405.43 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.59 461.10 Td (input ) Tj ET Q q 0 0 0 rg BT 439.98 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 457.80 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 467.31 461.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 512.35 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.96 461.10 Td (their ) Tj ET Q q 0 0 0 rg BT 544.12 461.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td (value ) Tj ET Q q 0 0 0 rg BT 78.16 449.10 Td (measurement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 428.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 83.17 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.79 428.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 143.18 428.10 Td (measur) Tj ET Q q 0 0 0 rg BT 174.66 428.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 187.16 428.10 Td (at ) Tj ET Q q 0 0 0 rg BT 197.99 428.10 Td (fair) Tj ET Q q 0 0 0 rg BT 213.36 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.86 428.10 Td (value ) Tj ET Q q 0 0 0 rg BT 241.13 428.10 Td (on ) Tj ET Q q 0 0 0 rg BT 254.20 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.70 428.10 Td (r) Tj ET Q q 0 0 0 rg BT 265.95 428.10 Td (ecurring ) Tj ET Q q 0 0 0 rg BT 305.11 428.10 Td (basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 407.10 Td (As ) Tj ET Q q 0 0 0 rg BT 89.91 407.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.53 407.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 143.92 407.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.92 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.21 407.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.94 407.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 241.32 407.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.32 407.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.11 407.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.73 407.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 324.01 407.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 361.29 407.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 400.80 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.43 407.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 443.15 407.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 460.43 407.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 487.17 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.90 407.10 Td (caps. ) Tj ET Q q 0 0 0 rg BT 526.29 407.10 Td (The ) Tj ET Q q 0 0 0 rg BT 544.13 407.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 395.10 Td (value ) Tj ET Q q 0 0 0 rg BT 77.82 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.31 395.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 134.35 395.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.18 395.10 Td (based ) Tj ET Q q 0 0 0 rg BT 168.11 395.10 Td (on ) Tj ET Q q 0 0 0 rg BT 180.27 395.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 206.86 395.10 Td (quotes ) Tj ET Q q 0 0 0 rg BT 235.13 395.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.96 395.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 285.55 395.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 336.72 395.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.36 395.10 Td (e ) Tj ET Q q 0 0 0 rg BT 351.96 395.10 Td (have ) Tj ET Q q 0 0 0 rg BT 373.00 395.10 Td (also ) Tj ET Q q 0 0 0 rg BT 391.27 395.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 436.75 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.13 395.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 476.06 395.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 501.54 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.15 395.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 535.31 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.80 395.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 383.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 106.77 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.33 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.79 383.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 174.00 383.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 208.44 383.10 Td (based ) Tj ET Q q 0 0 0 rg BT 233.44 383.10 Td (on ) Tj ET Q q 0 0 0 rg BT 245.68 383.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 295.12 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.79 383.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 356.24 383.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 387.69 383.10 Td (As ) Tj ET Q q 0 0 0 rg BT 401.03 383.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 424.10 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.55 383.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 478.00 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.56 383.10 Td (these ) Tj ET Q q 0 0 0 rg BT 511.35 383.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 371.10 Td (was ) Tj ET Q q 0 0 0 rg BT 72.05 371.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 112.32 371.10 Td (as ) Tj ET Q q 0 0 0 rg BT 123.15 371.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 148.41 371.10 Td (2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 350.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.21 350.10 Td (following ) Tj ET Q q 0 0 0 rg BT 135.27 350.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 160.76 350.10 Td (present ) Tj ET Q q 0 0 0 rg BT 191.80 350.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.30 350.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 244.45 350.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 269.95 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.55 350.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 325.93 350.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.10 350.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.92 350.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 397.41 350.10 Td (at ) Tj ET Q q 0 0 0 rg BT 406.79 350.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 422.83 350.10 Td (value ) Tj ET Q q 0 0 0 rg BT 446.66 350.10 Td (on ) Tj ET Q q 0 0 0 rg BT 458.82 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.43 350.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 504.24 350.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 526.41 350.10 Td (by ) Tj ET Q q 0 0 0 rg BT 538.58 350.10 Td (level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 338.10 Td (within ) Tj ET Q q 0 0 0 rg BT 82.06 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.77 338.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 113.15 338.10 Td (value ) Tj ET Q q 0 0 0 rg BT 137.31 338.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 177.56 338.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.39 338.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.22 338.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 242.82 338.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.82 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.32 338.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.26 338.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 340.84 338.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.84 338.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 301.60 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 301.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 301.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 301.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 301.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 272.60 232.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 272.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 272.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 272.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 272.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 272.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 272.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 272.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 246.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 246.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 246.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 246.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 246.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 190.60 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 190.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 190.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 190.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 190.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 161.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 161.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 161.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 161.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 161.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 161.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 161.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 161.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 132.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 132.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 132.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 132.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 132.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 132.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 132.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 132.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 314.6 m 351.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 314.6 m 355.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 314.6 m 420.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 314.6 m 424.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 314.6 m 489.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 314.6 m 493.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 314.6 m 558.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 301.6 m 351.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 314.6 m 355.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 314.6 m 420.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 301.6 m 420.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 314.6 m 424.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 314.6 m 489.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 301.6 m 489.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 314.6 m 493.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 314.6 m 558.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 301.6 m 558.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 301.6 m 351.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 301.6 m 420.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 301.6 m 489.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 301.6 m 558.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 203.60000000000002 m 351.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 203.60000000000002 m 355.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 203.60000000000002 m 420.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 203.60000000000002 m 424.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 203.60000000000002 m 489.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 203.60000000000002 m 493.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 203.60000000000002 m 558.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 190.60000000000002 m 351.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 203.60000000000002 m 355.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 203.60000000000002 m 420.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 190.60000000000002 m 420.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 203.60000000000002 m 424.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 203.60000000000002 m 489.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 190.60000000000002 m 489.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 203.60000000000002 m 493.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 203.60000000000002 m 558.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 190.60000000000002 m 558.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 190.60000000000002 m 351.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 190.60000000000002 m 420.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 190.60000000000002 m 489.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 190.60000000000002 m 558.5 190.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 318.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 410.53 318.83 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.75 305.83 Td (T) Tj ET Q q 0 0 0 rg BT 314.72 305.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.15 305.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.15 305.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 305.83 Td (Level 3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 292.28 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 277.27 Td (Derivative assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 277.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 277.27 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 277.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 277.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 277.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 277.27 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 277.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 277.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 251.28 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 236.27 Td (Derivative liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 236.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 236.27 Td (192,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 236.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 236.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 236.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 236.27 Td (192,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 236.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 236.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.75 207.83 Td (December) Tj ET Q q 0 0 0 rg BT 424.32 207.83 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.75 194.83 Td (T) Tj ET Q q 0 0 0 rg BT 314.72 194.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.15 194.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.15 194.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 194.83 Td (Level 3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 181.28 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 166.27 Td (Derivative assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 166.27 Td (1) Tj ET Q q 0 0 0 rg BT 322.15 166.27 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 166.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 166.27 Td (1) Tj ET Q q 0 0 0 rg BT 460.15 166.27 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 166.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 137.28 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 122.27 Td (Derivative liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 122.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 122.27 Td (97,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 122.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 122.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 122.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 122.27 Td (97,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 122.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 122.27 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 24. Fair) Tj ET Q q 0 0 0 rg BT 88.14 708.75 Td ( value measur) Tj ET Q q 0 0 0 rg BT 147.40 708.75 Td (ements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (31) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 83.17 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.79 686.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 143.18 686.25 Td (measur) Tj ET Q q 0 0 0 rg BT 174.66 686.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 187.16 686.25 Td (at ) Tj ET Q q 0 0 0 rg BT 197.99 686.25 Td (fair) Tj ET Q q 0 0 0 rg BT 213.36 686.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.86 686.25 Td (value ) Tj ET Q q 0 0 0 rg BT 241.13 686.25 Td (on ) Tj ET Q q 0 0 0 rg BT 254.20 686.25 Td (a ) Tj ET Q q 0 0 0 rg BT 261.70 686.25 Td (non-r) Tj ET Q q 0 0 0 rg BT 285.41 686.25 Td (ecurring ) Tj ET Q q 0 0 0 rg BT 324.56 686.25 Td (basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 665.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 665.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.58 665.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 128.90 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.12 665.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 161.01 665.25 Td (value ) Tj ET Q q 0 0 0 rg BT 185.67 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.00 665.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 227.21 665.25 Td (definite-lived ) Tj ET Q q 0 0 0 rg BT 284.08 665.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 327.08 665.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 353.41 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.86 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.19 665.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 411.86 665.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 457.08 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 470.09 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 477.53 665.25 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 535.51 665.25 Td (basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (when ) Tj ET Q q 0 0 0 rg BT 78.64 653.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 99.41 653.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 126.27 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.25 653.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 164.44 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.64 653.25 Td (application ) Tj ET Q q 0 0 0 rg BT 227.05 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.37 653.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.23 653.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 282.36 653.25 Td (including ) Tj ET Q q 0 0 0 rg BT 323.12 653.25 Td (when ) Tj ET Q q 0 0 0 rg BT 347.76 653.25 Td (events ) Tj ET Q q 0 0 0 rg BT 376.29 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 387.61 653.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 422.80 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.56 653.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 493.18 653.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 527.82 653.25 Td (that ) Tj ET Q q 0 0 0 rg BT 545.80 653.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 90.13 641.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 126.84 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.98 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.02 641.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.17 641.25 Td (may ) Tj ET Q q 0 0 0 rg BT 199.20 641.25 Td (not ) Tj ET Q q 0 0 0 rg BT 214.80 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 227.05 641.25 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 278.38 641.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 323.97 641.25 Td (details ) Tj ET Q q 0 0 0 rg BT 352.89 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.04 641.25 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 422.38 641.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 473.53 641.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 517.99 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 530.81 641.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (definite-lived ) Tj ET Q q 0 0 0 rg BT 110.60 629.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 153.33 629.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.40 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.57 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.64 629.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 237.04 629.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 281.98 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 296.93 629.25 Td (described ) Tj ET Q q 0 0 0 rg BT 337.98 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 348.49 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 363.95 629.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 396.13 629.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 426.08 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 438.82 629.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 463.22 629.25 Td (20-F ) Tj ET Q q 0 0 0 rg BT 484.85 629.25 Td (for ) Tj ET Q q 0 0 0 rg BT 499.25 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.20 629.25 Td (year ) Tj ET Q q 0 0 0 rg BT 534.14 629.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.58 617.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.58 617.25 Td (, ) Tj ET Q q 0 0 0 rg BT 137.58 617.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 158.41 617.25 Td (with ) Tj ET Q q 0 0 0 rg BT 178.69 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.40 617.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 214.24 617.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.74 617.25 Td (March5, ) Tj ET Q q 0 0 0 rg BT 265.34 617.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.34 617.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 596.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 131.60 596.25 Td (develops ) Tj ET Q q 0 0 0 rg BT 170.05 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.17 596.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 237.53 596.25 Td (used ) Tj ET Q q 0 0 0 rg BT 258.76 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.44 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.56 596.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.34 596.25 Td (value ) Tj ET Q q 0 0 0 rg BT 325.90 596.25 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 388.29 596.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 433.11 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.23 596.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.01 596.25 Td (value ) Tj ET Q q 0 0 0 rg BT 489.57 596.25 Td (measurements ) Tj ET Q q 0 0 0 rg BT 549.67 596.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.25 Td (definite-lived ) Tj ET Q q 0 0 0 rg BT 110.37 584.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 152.86 584.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 178.69 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.63 584.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 219.79 584.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 264.50 584.25 Td (are ) Tj ET Q q 0 0 0 rg BT 279.21 584.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 319.47 584.25 Td (as ) Tj ET Q q 0 0 0 rg BT 330.30 584.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 355.57 584.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 363.07 584.25 Td (valuations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 563.25 Td (Flight equipment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 542.25 Td (Inputs to non-r) Tj ET Q q 0 0 0 rg BT 113.63 542.25 Td (ecurring fair value measur) Tj ET Q q 0 0 0 rg BT 220.74 542.25 Td (ements categorized as Level 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.71 542.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 521.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 521.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.48 521.25 Td (use ) Tj ET Q q 0 0 0 rg BT 106.71 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.84 521.25 Td (income ) Tj ET Q q 0 0 0 rg BT 152.17 521.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 190.72 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.41 521.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 235.63 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.75 521.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 265.53 521.25 Td (value ) Tj ET Q q 0 0 0 rg BT 289.09 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.32 521.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 322.89 521.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 369.51 521.25 Td (which ) Tj ET Q q 0 0 0 rg BT 395.85 521.25 Td (is ) Tj ET Q q 0 0 0 rg BT 404.42 521.25 Td (based ) Tj ET Q q 0 0 0 rg BT 429.10 521.25 Td (on ) Tj ET Q q 0 0 0 rg BT 441.00 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.12 521.25 Td (present ) Tj ET Q q 0 0 0 rg BT 485.90 521.25 Td (value ) Tj ET Q q 0 0 0 rg BT 509.46 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.70 521.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td (future ) Tj ET Q q 0 0 0 rg BT 80.32 509.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.52 509.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 127.68 509.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 146.78 509.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 173.67 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.89 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.54 509.25 Td (income ) Tj ET Q q 0 0 0 rg BT 230.42 509.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 271.18 509.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 310.26 509.25 Td (include ) Tj ET Q q 0 0 0 rg BT 342.13 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.79 509.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 393.11 509.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 413.04 509.25 Td (current ) Tj ET Q q 0 0 0 rg BT 443.79 509.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 490.65 509.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 513.07 509.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 533.28 509.25 Td (flows, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 94.13 497.25 Td (future ) Tj ET Q q 0 0 0 rg BT 120.93 497.25 Td (non-contractual ) Tj ET Q q 0 0 0 rg BT 186.60 497.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 209.51 497.25 Td (or ) Tj ET Q q 0 0 0 rg BT 220.77 497.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 239.24 497.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 259.93 497.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 287.58 497.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 326.60 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.30 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.44 497.25 Td (end ) Tj ET Q q 0 0 0 rg BT 369.81 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.06 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.20 497.25 Td (aircraft) Tj ET Q q 0 0 0 rg BT 427.84 497.25 Td (s ) Tj ET Q q 0 0 0 rg BT 434.66 497.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 475.90 497.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 509.39 497.25 Td (period ) Tj ET Q q 0 0 0 rg BT 537.86 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.56 497.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 85.39 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.33 485.25 Td (best ) Tj ET Q q 0 0 0 rg BT 120.93 485.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 139.26 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.20 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 163.14 485.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 210.06 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 220.89 485.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 261.71 485.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 308.11 485.25 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 464.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.63 464.25 Td (current ) Tj ET Q q 0 0 0 rg BT 125.52 464.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 172.52 464.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 195.09 464.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 215.44 464.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 240.24 464.25 Td (are ) Tj ET Q q 0 0 0 rg BT 255.03 464.25 Td (based ) Tj ET Q q 0 0 0 rg BT 280.38 464.25 Td (on ) Tj ET Q q 0 0 0 rg BT 292.96 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.75 464.25 Td (in-force ) Tj ET Q q 0 0 0 rg BT 341.98 464.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 364.55 464.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 388.32 464.25 Td (The ) Tj ET Q q 0 0 0 rg BT 406.45 464.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 446.23 464.25 Td (future ) Tj ET Q q 0 0 0 rg BT 472.69 464.25 Td (non-contractual ) Tj ET Q q 0 0 0 rg BT 538.02 464.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 73.95 452.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 98.35 452.25 Td (are ) Tj ET Q q 0 0 0 rg BT 112.73 452.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 153.23 452.25 Td (based ) Tj ET Q q 0 0 0 rg BT 178.17 452.25 Td (on ) Tj ET Q q 0 0 0 rg BT 190.35 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.75 452.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 235.79 452.25 Td (type, ) Tj ET Q q 0 0 0 rg BT 257.68 452.25 Td (age, ) Tj ET Q q 0 0 0 rg BT 276.24 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.85 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.25 452.25 Td (airframe ) Tj ET Q q 0 0 0 rg BT 343.29 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.90 452.25 Td (engine ) Tj ET Q q 0 0 0 rg BT 388.74 452.25 Td (configuration ) Tj ET Q q 0 0 0 rg BT 444.79 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.29 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.69 452.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 503.07 452.25 Td (The ) Tj ET Q q 0 0 0 rg BT 520.80 452.25 Td (projected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.25 Td (non-contractual ) Tj ET Q q 0 0 0 rg BT 118.89 440.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 141.02 440.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.94 440.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 185.30 440.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.66 440.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 231.24 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.16 440.25 Td (follow-on ) Tj ET Q q 0 0 0 rg BT 282.74 440.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 304.87 440.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 331.73 440.25 Td (which ) Tj ET Q q 0 0 0 rg BT 358.32 440.25 Td (are ) Tj ET Q q 0 0 0 rg BT 372.67 440.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 413.14 440.25 Td (based ) Tj ET Q q 0 0 0 rg BT 438.05 440.25 Td (on ) Tj ET Q q 0 0 0 rg BT 450.19 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.56 440.25 Td (age ) Tj ET Q q 0 0 0 rg BT 480.58 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.05 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.41 440.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 536.42 440.25 Td (at ) Tj ET Q q 0 0 0 rg BT 545.78 440.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 428.25 Td (time ) Tj ET Q q 0 0 0 rg BT 73.86 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.29 428.25 Td (re-lease ) Tj ET Q q 0 0 0 rg BT 117.46 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.99 428.25 Td (are ) Tj ET Q q 0 0 0 rg BT 148.29 428.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 184.82 428.25 Td (through ) Tj ET Q q 0 0 0 rg BT 218.02 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.33 428.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 272.74 428.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 305.39 428.25 Td (period ) Tj ET Q q 0 0 0 rg BT 333.02 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.45 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.75 428.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 391.06 428.25 Td (The ) Tj ET Q q 0 0 0 rg BT 408.69 428.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 449.11 428.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 481.75 428.25 Td (period ) Tj ET Q q 0 0 0 rg BT 509.39 428.25 Td (is ) Tj ET Q q 0 0 0 rg BT 518.15 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.46 428.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 416.25 Td (over ) Tj ET Q q 0 0 0 rg BT 74.69 416.25 Td (which ) Tj ET Q q 0 0 0 rg BT 102.04 416.25 Td (future ) Tj ET Q q 0 0 0 rg BT 128.83 416.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 149.52 416.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 174.66 416.25 Td (are ) Tj ET Q q 0 0 0 rg BT 189.78 416.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 227.14 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.83 416.25 Td (be ) Tj ET Q q 0 0 0 rg BT 250.19 416.25 Td (generated. ) Tj ET Q q 0 0 0 rg BT 294.46 416.25 Td (Shorter ) Tj ET Q q 0 0 0 rg BT 326.82 416.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 360.29 416.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 392.65 416.25 Td (can ) Tj ET Q q 0 0 0 rg BT 409.44 416.25 Td (result ) Tj ET Q q 0 0 0 rg BT 434.57 416.25 Td (when ) Tj ET Q q 0 0 0 rg BT 459.15 416.25 Td (a ) Tj ET Q q 0 0 0 rg BT 466.51 416.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 504.41 416.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 522.88 416.25 Td (or ) Tj ET Q q 0 0 0 rg BT 534.12 416.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 404.25 Td (disassembly ) Tj ET Q q 0 0 0 rg BT 105.70 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.84 404.25 Td (an ) Tj ET Q q 0 0 0 rg BT 129.10 404.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 160.77 404.25 Td (for ) Tj ET Q q 0 0 0 rg BT 175.25 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.28 404.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 208.64 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.78 404.25 Td (its ) Tj ET Q q 0 0 0 rg BT 232.05 404.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 254.30 404.25 Td (\(part-out\) ) Tj ET Q q 0 0 0 rg BT 304.30 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.45 404.25 Td (an ) Tj ET Q q 0 0 0 rg BT 327.70 404.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 371.07 404.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 402.74 404.25 Td (has ) Tj ET Q q 0 0 0 rg BT 418.89 404.25 Td (been ) Tj ET Q q 0 0 0 rg BT 440.58 404.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 485.03 404.25 Td (for) Tj ET Q q 0 0 0 rg BT 496.29 404.25 Td (, ) Tj ET Q q 0 0 0 rg BT 501.61 404.25 Td (or ) Tj ET Q q 0 0 0 rg BT 512.75 404.25 Td (is ) Tj ET Q q 0 0 0 rg BT 522.23 404.25 Td (likely) Tj ET Q q 0 0 0 rg BT 544.36 404.25 Td (. ) Tj ET Q q 0 0 0 rg BT 549.67 404.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 392.25 Td (instances ) Tj ET Q q 0 0 0 rg BT 92.92 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.52 392.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.23 392.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 147.49 392.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 165.30 392.25 Td (or ) Tj ET Q q 0 0 0 rg BT 175.90 392.25 Td (part-out, ) Tj ET Q q 0 0 0 rg BT 212.32 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.81 392.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 259.63 392.25 Td (period ) Tj ET Q q 0 0 0 rg BT 287.45 392.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.39 392.25 Td (based ) Tj ET Q q 0 0 0 rg BT 321.42 392.25 Td (on ) Tj ET Q q 0 0 0 rg BT 333.69 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.17 392.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 388.76 392.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 406.58 392.25 Td (or ) Tj ET Q q 0 0 0 rg BT 417.18 392.25 Td (part-out ) Tj ET Q q 0 0 0 rg BT 451.10 392.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 472.36 392.25 Td (The ) Tj ET Q q 0 0 0 rg BT 490.17 392.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 536.34 392.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 380.25 Td (is ) Tj ET Q q 0 0 0 rg BT 63.05 380.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 102.64 380.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 143.34 380.25 Td (based ) Tj ET Q q 0 0 0 rg BT 168.49 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 180.87 380.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 212.11 380.25 Td (type. ) Tj ET Q q 0 0 0 rg BT 234.21 380.25 Td (In ) Tj ET Q q 0 0 0 rg BT 244.92 380.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 285.64 380.25 Td (where ) Tj ET Q q 0 0 0 rg BT 312.45 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.05 380.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 358.29 380.25 Td (will ) Tj ET Q q 0 0 0 rg BT 376.23 380.25 Td (be ) Tj ET Q q 0 0 0 rg BT 388.05 380.25 Td (disposed ) Tj ET Q q 0 0 0 rg BT 425.44 380.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 438.65 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.25 380.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 499.52 380.25 Td (value ) Tj ET Q q 0 0 0 rg BT 523.56 380.25 Td (assumed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.25 Td (is ) Tj ET Q q 0 0 0 rg BT 63.17 368.25 Td (based ) Tj ET Q q 0 0 0 rg BT 88.44 368.25 Td (on ) Tj ET Q q 0 0 0 rg BT 100.94 368.25 Td (an ) Tj ET Q q 0 0 0 rg BT 112.88 368.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 153.70 368.25 Td (part-out ) Tj ET Q q 0 0 0 rg BT 187.85 368.25 Td (value ) Tj ET Q q 0 0 0 rg BT 212.01 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 222.84 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.55 368.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 281.70 368.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 299.74 368.25 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 347.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.29 347.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 134.86 347.25 Td (future ) Tj ET Q q 0 0 0 rg BT 160.98 347.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.99 347.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 207.96 347.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.54 347.25 Td (described ) Tj ET Q q 0 0 0 rg BT 259.10 347.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 287.72 347.25 Td (are ) Tj ET Q q 0 0 0 rg BT 302.17 347.25 Td (then ) Tj ET Q q 0 0 0 rg BT 321.63 347.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 367.20 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.23 347.25 Td (present ) Tj ET Q q 0 0 0 rg BT 408.35 347.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 434.59 347.25 Td (The ) Tj ET Q q 0 0 0 rg BT 452.38 347.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 488.51 347.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 505.74 347.25 Td (used ) Tj ET Q q 0 0 0 rg BT 526.31 347.25 Td (is ) Tj ET Q q 0 0 0 rg BT 535.23 347.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 335.25 Td (on ) Tj ET Q q 0 0 0 rg BT 66.47 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.15 335.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 112.48 335.25 Td (type ) Tj ET Q q 0 0 0 rg BT 132.17 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.07 335.25 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 200.96 335.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 252.88 335.25 Td (market ) Tj ET Q q 0 0 0 rg BT 283.11 335.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 332.23 335.25 Td (would ) Tj ET Q q 0 0 0 rg BT 359.69 335.25 Td (use ) Tj ET Q q 0 0 0 rg BT 375.49 335.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 416.27 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.96 335.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 456.20 335.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 475.88 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.79 335.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 520.25 335.25 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 323.25 Td (components, ) Tj ET Q q 0 0 0 rg BT 107.33 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.26 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.98 323.25 Td (required ) Tj ET Q q 0 0 0 rg BT 174.80 323.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 205.06 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.89 323.25 Td (those ) Tj ET Q q 0 0 0 rg BT 239.50 323.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 279.77 323.25 Td (components. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 302.25 Td (Sensitivity to changes in unobservable inputs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 281.25 Td (When ) Tj ET Q q 0 0 0 rg BT 104.17 281.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 149.62 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.63 281.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 183.30 281.25 Td (value ) Tj ET Q q 0 0 0 rg BT 208.75 281.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 265.85 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.97 281.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 303.43 281.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 351.93 281.25 Td (we ) Tj ET Q q 0 0 0 rg BT 367.38 281.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 405.05 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.06 281.25 Td (ef) Tj ET Q q 0 0 0 rg BT 428.65 281.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 447.43 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.55 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 467.78 281.25 Td (change ) Tj ET Q q 0 0 0 rg BT 499.89 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.46 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.69 281.25 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 103.02 269.25 Td (independently ) Tj ET Q q 0 0 0 rg BT 163.12 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.91 269.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 210.58 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.81 269.25 Td (any ) Tj ET Q q 0 0 0 rg BT 239.71 269.25 Td (other ) Tj ET Q q 0 0 0 rg BT 263.72 269.25 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 319.12 269.25 Td (In ) Tj ET Q q 0 0 0 rg BT 330.91 269.25 Td (practice, ) Tj ET Q q 0 0 0 rg BT 368.51 269.25 Td (simultaneous ) Tj ET Q q 0 0 0 rg BT 424.74 269.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 460.41 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.65 269.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 524.55 269.25 Td (may ) Tj ET Q q 0 0 0 rg BT 545.23 269.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 257.25 Td (always ) Tj ET Q q 0 0 0 rg BT 84.27 257.25 Td (have ) Tj ET Q q 0 0 0 rg BT 105.65 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.58 257.25 Td (linear ) Tj ET Q q 0 0 0 rg BT 137.85 257.25 Td (ef) Tj ET Q q 0 0 0 rg BT 145.44 257.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 162.92 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 175.42 257.25 Td (inputs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 236.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.81 236.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 139.78 236.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 195.86 236.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 223.07 236.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 255.82 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.36 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.34 236.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 297.97 236.25 Td (value ) Tj ET Q q 0 0 0 rg BT 322.39 236.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 378.46 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.55 236.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 413.98 236.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 458.95 236.25 Td (are ) Tj ET Q q 0 0 0 rg BT 473.92 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.90 236.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 525.55 236.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 545.79 236.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 224.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 96.16 224.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 136.11 224.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 168.29 224.25 Td (period ) Tj ET Q q 0 0 0 rg BT 195.46 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.52 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.36 224.25 Td (non-contractual ) Tj ET Q q 0 0 0 rg BT 289.73 224.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.12 224.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 335.35 224.25 Td (The ) Tj ET Q q 0 0 0 rg BT 352.52 224.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 388.02 224.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 404.63 224.25 Td (is ) Tj ET Q q 0 0 0 rg BT 412.92 224.25 Td (af) Tj ET Q q 0 0 0 rg BT 420.51 224.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 446.56 224.25 Td (by ) Tj ET Q q 0 0 0 rg BT 458.18 224.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 505.91 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 515.31 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.15 224.25 Td (aircraft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 87.93 212.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 124.91 212.25 Td (including ) Tj ET Q q 0 0 0 rg BT 165.50 212.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 215.53 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 226.13 212.25 Td (required ) Tj ET Q q 0 0 0 rg BT 262.27 212.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 283.97 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.12 212.25 Td (return ) Tj ET Q q 0 0 0 rg BT 321.82 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.42 212.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 352.46 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.72 212.25 Td (equity) Tj ET Q q 0 0 0 rg BT 394.06 212.25 Td (, ) Tj ET Q q 0 0 0 rg BT 399.38 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.64 212.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 436.68 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.28 212.25 Td (value ) Tj ET Q q 0 0 0 rg BT 471.76 212.25 Td (ratios. ) Tj ET Q q 0 0 0 rg BT 499.09 212.25 Td (The ) Tj ET Q q 0 0 0 rg BT 517.46 212.25 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 95.08 200.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 128.40 200.25 Td (period ) Tj ET Q q 0 0 0 rg BT 156.70 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.90 200.25 Td (non-contractual ) Tj ET Q q 0 0 0 rg BT 239.41 200.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 259.94 200.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 284.92 200.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 324.33 200.25 Td (management) Tj ET Q q 0 0 0 rg BT 378.20 200.25 Td (s ) Tj ET Q q 0 0 0 rg BT 384.85 200.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 420.93 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.02 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.00 200.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 490.30 200.25 Td (service ) Tj ET Q q 0 0 0 rg BT 521.37 200.25 Td (period ) Tj ET Q q 0 0 0 rg BT 549.68 200.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 188.25 Td (an ) Tj ET Q q 0 0 0 rg BT 65.88 188.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 97.19 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.08 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.74 188.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 169.51 188.25 Td (non-contractual ) Tj ET Q q 0 0 0 rg BT 234.70 188.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.92 188.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 279.59 188.25 Td (over ) Tj ET Q q 0 0 0 rg BT 299.80 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.46 188.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 357.45 188.25 Td (life ) Tj ET Q q 0 0 0 rg BT 373.22 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.00 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.66 188.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 431.93 188.25 Td (An ) Tj ET Q q 0 0 0 rg BT 446.60 188.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 481.80 188.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.02 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.69 188.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 543.02 188.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 176.25 Td (would ) Tj ET Q q 0 0 0 rg BT 81.72 176.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 118.86 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.79 176.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 150.39 176.25 Td (value ) Tj ET Q q 0 0 0 rg BT 174.77 176.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 230.80 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.85 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.79 176.25 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 290.87 176.25 Td (while ) Tj ET Q q 0 0 0 rg BT 315.81 176.25 Td (an ) Tj ET Q q 0 0 0 rg BT 327.97 176.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 363.45 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.95 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.88 176.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 432.15 176.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 473.19 176.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 506.47 176.25 Td (period ) Tj ET Q q 0 0 0 rg BT 534.73 176.25 Td (or ) Tj ET Q q 0 0 0 rg BT 545.79 176.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 94.82 164.25 Td (non-contractual ) Tj ET Q q 0 0 0 rg BT 160.07 164.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.34 164.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 205.06 164.25 Td (would ) Tj ET Q q 0 0 0 rg BT 232.56 164.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 267.81 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.53 164.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 298.91 164.25 Td (value ) Tj ET Q q 0 0 0 rg BT 323.06 164.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 378.87 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.70 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.42 164.25 Td (aircraft.) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.75 Td ( 24. Fair) Tj ET Q q 0 0 0 rg BT 88.14 708.75 Td ( value measur) Tj ET Q q 0 0 0 rg BT 147.40 708.75 Td (ements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (32) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 72.14 686.25 Td ( value disclosur) Tj ET Q q 0 0 0 rg BT 138.08 686.25 Td (es of financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.73 665.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 111.30 665.25 Td (value ) Tj ET Q q 0 0 0 rg BT 135.64 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.66 665.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 186.55 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 207.00 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.13 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 244.58 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.71 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.16 665.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 330.39 665.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 386.95 665.25 Td (their ) Tj ET Q q 0 0 0 rg BT 407.96 665.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 443.97 665.25 Td (value ) Tj ET Q q 0 0 0 rg BT 468.31 665.25 Td (because ) Tj ET Q q 0 0 0 rg BT 502.64 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.66 665.25 Td (their ) Tj ET Q q 0 0 0 rg BT 534.67 665.25 Td (short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (term ) Tj ET Q q 0 0 0 rg BT 75.36 653.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 103.39 653.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 132.52 653.25 Td (1\). ) Tj ET Q q 0 0 0 rg BT 146.17 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 164.76 653.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 181.68 653.25 Td (value ) Tj ET Q q 0 0 0 rg BT 206.37 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.74 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 234.11 653.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 276.58 653.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 320.16 653.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 340.42 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 350.13 653.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 391.49 653.25 Td (using ) Tj ET Q q 0 0 0 rg BT 416.19 653.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 446.45 653.25 Td (market ) Tj ET Q q 0 0 0 rg BT 477.25 653.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 504.17 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 518.87 653.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 549.68 653.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 90.59 641.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 141.91 641.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 185.72 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 197.88 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.26 641.25 Td (frequency ) Tj ET Q q 0 0 0 rg BT 254.39 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.99 641.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 303.14 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.63 641.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 345.78 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 355.71 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.09 641.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 402.35 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 420.06 641.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 436.10 641.25 Td (value ) Tj ET Q q 0 0 0 rg BT 459.91 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.40 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.89 641.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 527.48 641.25 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 73.62 629.25 Td (is ) Tj ET Q q 0 0 0 rg BT 82.69 629.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 123.41 629.25 Td (using ) Tj ET Q q 0 0 0 rg BT 147.48 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.32 629.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 200.05 629.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 220.22 629.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 240.95 629.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 275.57 629.25 Td (based ) Tj ET Q q 0 0 0 rg BT 300.74 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 313.14 629.25 Td (current ) Tj ET Q q 0 0 0 rg BT 343.86 629.25 Td (market ) Tj ET Q q 0 0 0 rg BT 374.02 629.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 405.86 629.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 427.13 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.97 629.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 476.37 629.25 Td (for ) Tj ET Q q 0 0 0 rg BT 490.43 629.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 510.05 629.25 Td (with ) Tj ET Q q 0 0 0 rg BT 530.23 629.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 113.44 617.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 141.78 617.25 Td (2\). ) Tj ET Q q 0 0 0 rg BT 154.86 617.25 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 203.21 617.25 Td (are ) Tj ET Q q 0 0 0 rg BT 217.67 617.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 263.78 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.81 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.39 617.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 336.08 617.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 391.10 617.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 425.56 617.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 453.92 617.25 Td (at ) Tj ET Q q 0 0 0 rg BT 463.38 617.25 Td (their ) Tj ET Q q 0 0 0 rg BT 483.96 617.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 500.09 617.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 526.33 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 544.13 617.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td (value ) Tj ET Q q 0 0 0 rg BT 77.82 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.31 605.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 134.35 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 143.18 605.25 Td (based ) Tj ET Q q 0 0 0 rg BT 168.11 605.25 Td (on ) Tj ET Q q 0 0 0 rg BT 180.27 605.25 Td (dealer ) Tj ET Q q 0 0 0 rg BT 206.86 605.25 Td (quotes ) Tj ET Q q 0 0 0 rg BT 235.13 605.25 Td (for ) Tj ET Q q 0 0 0 rg BT 248.96 605.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 285.55 605.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 336.72 605.25 Td (W) Tj ET Q q 0 0 0 rg BT 345.36 605.25 Td (e ) Tj ET Q q 0 0 0 rg BT 351.96 605.25 Td (have ) Tj ET Q q 0 0 0 rg BT 373.00 605.25 Td (also ) Tj ET Q q 0 0 0 rg BT 391.27 605.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 436.75 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.13 605.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 476.06 605.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 501.54 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.15 605.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 535.31 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.80 605.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 113.14 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.97 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.69 593.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 181.17 593.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 219.76 593.25 Td (based ) Tj ET Q q 0 0 0 rg BT 245.03 593.25 Td (on ) Tj ET Q q 0 0 0 rg BT 257.53 593.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 307.24 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.18 593.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 368.88 593.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 398.59 593.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 427.18 593.25 Td (2\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 572.25 Td (All ) Tj ET Q q 0 0 0 rg BT 92.04 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.14 572.25 Td (our ) Tj ET Q q 0 0 0 rg BT 119.23 572.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.97 572.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 206.40 572.25 Td (are ) Tj ET Q q 0 0 0 rg BT 221.37 572.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 262.45 572.25 Td (at ) Tj ET Q q 0 0 0 rg BT 272.43 572.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 315.18 572.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 336.55 572.25 Td (other ) Tj ET Q q 0 0 0 rg BT 359.86 572.25 Td (than ) Tj ET Q q 0 0 0 rg BT 379.84 572.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 426.48 572.25 Td (which ) Tj ET Q q 0 0 0 rg BT 453.68 572.25 Td (are ) Tj ET Q q 0 0 0 rg BT 468.65 572.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 509.73 572.25 Td (at ) Tj ET Q q 0 0 0 rg BT 519.71 572.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.35 572.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 560.25 Td (on ) Tj ET Q q 0 0 0 rg BT 66.70 560.25 Td (a ) Tj ET Q q 0 0 0 rg BT 73.84 560.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 113.18 560.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 138.19 560.25 Td (The ) Tj ET Q q 0 0 0 rg BT 156.43 560.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 192.45 560.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 229.03 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.17 560.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 262.75 560.25 Td (values ) Tj ET Q q 0 0 0 rg BT 290.99 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.02 560.25 Td (our ) Tj ET Q q 0 0 0 rg BT 318.05 560.25 Td (most ) Tj ET Q q 0 0 0 rg BT 340.20 560.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 385.11 560.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 422.79 560.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 472.15 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 483.18 560.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.21 560.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 538.01 560.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 548.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.94 548.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 129.52 548.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.52 548.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.02 548.25 Td (were ) Tj ET Q q 0 0 0 rg BT 173.95 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 184.78 548.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 506.75 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 506.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 506.75 18.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 506.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 506.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 506.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 506.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 506.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 506.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 506.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 477.75 149.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 477.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 477.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 477.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 477.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 477.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 447.75 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 447.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 447.75 18.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 447.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 447.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 447.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 447.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 447.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 447.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 447.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 419.75 149.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 419.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 389.75 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 389.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 389.75 18.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 389.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 389.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 389.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 389.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 519.75 m 268.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 519.75 m 286.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 519.75 m 351.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 519.75 m 355.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 519.75 m 420.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 519.75 m 424.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 519.75 m 489.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 519.75 m 493.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 519.75 m 558.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 506.75 m 268.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 519.75 m 286.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 519.75 m 351.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 506.75 m 351.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 519.75 m 355.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 519.75 m 420.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 506.75 m 420.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 519.75 m 424.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 519.75 m 489.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 506.75 m 489.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 519.75 m 493.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 519.75 m 558.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 506.75 m 558.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 506.75 m 268.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 506.75 m 351.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 506.75 m 420.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 506.75 m 489.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 506.75 m 558.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 447.75 m 268.5 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 434.75 m 268.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 432.75 m 268.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 447.75 m 351.5 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 434.75 m 351.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 432.75 m 351.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 447.75 m 420.5 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 434.75 m 420.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 432.75 m 420.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 447.75 m 489.5 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 434.75 m 489.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 432.75 m 489.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 447.75 m 558.5 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 434.75 m 558.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 432.75 m 558.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 432.75 m 268.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 434.75 m 268.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 432.75 m 351.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 434.75 m 351.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 432.75 m 420.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 434.75 m 420.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 432.75 m 489.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 434.75 m 489.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 432.75 m 558.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 434.75 m 558.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 389.75 m 268.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 376.75 m 268.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 374.75 m 268.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 389.75 m 351.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 376.75 m 351.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 374.75 m 351.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 389.75 m 420.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 376.75 m 420.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 374.75 m 420.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 389.75 m 489.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 376.75 m 489.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 374.75 m 489.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 389.75 m 558.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 376.75 m 558.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 374.75 m 558.5 374.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.00 523.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 369.03 523.98 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.60 510.98 Td (Carrying value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.10 510.98 Td (Fair) Tj ET Q q 0 0 0 rg BT 315.69 510.98 Td ( value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.15 510.98 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.15 510.98 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 510.98 Td (Level 3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 497.43 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 482.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.65 482.42 Td (4,693,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 482.42 Td (4,693,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 482.42 Td (4,693,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 482.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 482.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 467.42 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.15 467.42 Td (188,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 467.42 Td (188,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 467.42 Td (188,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 467.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 467.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 452.42 Td (Derivative assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.15 452.42 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 452.42 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 452.42 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 452.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 438.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.65 438.43 Td (4,884,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 438.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 438.43 Td (4,884,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 438.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.65 438.43 Td (4,882,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 438.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 438.43 Td (1,839) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 438.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 438.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 424.43 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 409.42 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.60 409.42 Td (32,889,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 409.42 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.60 409.42 Td (30,043,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 409.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.60 409.42 Td (30,043,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 409.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 394.42 Td (Derivative liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.15 394.42 Td (192,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 394.42 Td (192,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 394.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 394.42 Td (192,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 394.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 380.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.60 380.43 Td (33,082,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 380.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.60 380.43 Td (30,235,973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 380.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 380.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 380.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.60 380.43 Td (30,235,973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 380.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 380.43 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 365.75 m 172.5 365.75 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 351.45 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 351.45 Td (Excludes debt issuance costs, debt discounts and debt premium. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 309.95 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 309.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 309.95 18.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 309.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 309.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 309.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 309.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 309.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 309.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 309.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 280.95 149.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 280.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 280.95 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 280.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 280.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 280.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 280.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 280.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 280.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 280.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 250.95 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 250.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 250.95 18.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 250.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 250.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 250.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 250.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 250.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 250.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 250.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 222.95 149.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 222.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 222.95 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 222.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 222.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 222.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 222.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 222.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 222.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 222.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 192.95 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 192.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 192.95 18.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 192.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 192.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 192.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 192.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 192.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 192.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 192.95 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 322.95000000000005 m 268.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 322.95000000000005 m 286.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 322.95000000000005 m 351.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 322.95000000000005 m 355.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 322.95000000000005 m 420.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 322.95000000000005 m 424.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 322.95000000000005 m 489.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 322.95000000000005 m 493.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 322.95000000000005 m 558.5 322.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 309.95000000000005 m 268.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 309.95000000000005 m 351.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 309.95000000000005 m 420.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 309.95000000000005 m 489.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 309.95000000000005 m 558.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 309.95000000000005 m 351.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 309.95000000000005 m 420.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 309.95000000000005 m 489.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 309.95000000000005 m 558.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 250.95000000000005 m 268.5 250.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 237.95000000000005 m 268.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 235.95000000000005 m 268.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 250.95000000000005 m 351.5 250.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 237.95000000000005 m 351.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 235.95000000000005 m 351.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 250.95000000000005 m 420.5 250.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 237.95000000000005 m 420.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 235.95000000000005 m 420.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 250.95000000000005 m 489.5 250.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 237.95000000000005 m 489.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 235.95000000000005 m 489.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 250.95000000000005 m 558.5 250.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 237.95000000000005 m 558.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 235.95000000000005 m 558.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 235.95000000000005 m 268.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 237.95000000000005 m 268.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 235.95000000000005 m 351.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 237.95000000000005 m 351.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 235.95000000000005 m 420.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 237.95000000000005 m 420.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 235.95000000000005 m 489.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 237.95000000000005 m 489.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 235.95000000000005 m 558.5 235.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 237.95000000000005 m 558.5 237.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 192.95000000000005 m 268.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 192.95000000000005 m 351.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 192.95000000000005 m 420.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 192.95000000000005 m 489.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 192.95000000000005 m 558.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 192.95000000000005 m 268.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 179.95000000000005 m 268.5 179.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 177.95000000000005 m 268.5 177.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 192.95000000000005 m 351.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 179.95000000000005 m 351.5 179.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 177.95000000000005 m 351.5 177.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 192.95000000000005 m 420.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 179.95000000000005 m 420.5 179.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 177.95000000000005 m 420.5 177.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 192.95000000000005 m 489.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 179.95000000000005 m 489.5 179.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 177.95000000000005 m 489.5 177.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 192.95000000000005 m 558.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 179.95000000000005 m 558.5 179.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 177.95000000000005 m 558.5 177.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.25 327.18 Td (December) Tj ET Q q 0 0 0 rg BT 382.82 327.18 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.60 314.18 Td (Carrying value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.10 314.18 Td (Fair) Tj ET Q q 0 0 0 rg BT 315.69 314.18 Td ( value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.15 314.18 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.15 314.18 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 314.18 Td (Level 3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 300.63 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 285.62 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 285.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.65 285.62 Td (1,121,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.00 285.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 285.62 Td (1,121,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 285.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 285.62 Td (1,121,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 285.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 285.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 285.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 285.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 270.62 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.15 270.62 Td (178,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 270.62 Td (178,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 270.62 Td (178,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 270.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 270.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 255.62 Td (Derivative assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.15 255.62 Td (1) Tj ET Q q 0 0 0 rg BT 242.15 255.62 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 255.62 Td (1) Tj ET Q q 0 0 0 rg BT 325.15 255.62 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 255.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 255.62 Td (1) Tj ET Q q 0 0 0 rg BT 463.15 255.62 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 255.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 241.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.65 241.63 Td (1,312,01) Tj ET Q q 0 0 0 rg BT 259.65 241.63 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 241.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 241.63 Td (1,312,01) Tj ET Q q 0 0 0 rg BT 342.65 241.63 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 241.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.65 241.63 Td (1,300,347) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 241.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 241.63 Td (1) Tj ET Q q 0 0 0 rg BT 463.15 241.63 Td (1,664) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 241.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 241.63 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 227.63 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 212.62 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 212.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.60 212.62 Td (29,624,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 212.62 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.00 212.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.60 212.62 Td (30,219,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 212.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 212.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 212.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.60 212.62 Td (30,219,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 212.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 212.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 197.62 Td (Derivative liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.15 197.62 Td (97,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 197.62 Td (97,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 197.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 197.62 Td (97,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 197.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 183.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.60 183.63 Td (29,721,332) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 183.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.60 183.63 Td (30,316,654) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 183.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 183.63 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 183.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.60 183.63 Td (30,316,654) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 183.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 183.63 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 165.95000000000005 m 172.5 165.95000000000005 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 151.65 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 151.65 Td (Excludes debt issuance costs, debt discounts and debt premium. ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 756.75 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 314.49 756.75 Td (. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.55 740.75 Td (Notes to the Unaudited Condensed Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.05 724.75 Td (\(U.S. Dollars in thousandsor) Tj ET Q q 0 0 0 rg BT 254.23 724.75 Td ( as otherwise stated, except shar) Tj ET Q q 0 0 0 rg BT 390.69 724.75 Td (e and per) Tj ET Q q 0 0 0 rg BT 430.51 724.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 451.72 724.75 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (33) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 704.25 Td (25. Subsequent events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 683.25 Td (In ) Tj ET Q q 0 0 0 rg BT 87.97 683.25 Td (May ) Tj ET Q q 0 0 0 rg BT 109.44 683.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 135.09 683.25 Td (we ) Tj ET Q q 0 0 0 rg BT 149.89 683.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 179.14 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.72 683.25 Td ($425 ) Tj ET Q q 0 0 0 rg BT 209.86 683.25 Td (million ) Tj ET Q q 0 0 0 rg BT 241.90 683.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 275.57 683.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 295.93 683.25 Td (with ) Tj ET Q q 0 0 0 rg BT 316.85 683.25 Td (several ) Tj ET Q q 0 0 0 rg BT 348.31 683.25 Td (European ) Tj ET Q q 0 0 0 rg BT 389.77 683.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 416.24 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.16 683.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 459.73 683.25 Td (eight ) Tj ET Q q 0 0 0 rg BT 482.86 683.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 514.87 683.25 Td (which ) Tj ET Q q 0 0 0 rg BT 542.45 683.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 84.20 671.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.41 671.25 Td (September ) Tj ET Q q 0 0 0 rg BT 139.60 671.25 Td (2027. ) Tj ET Q q 0 0 0 rg BT 164.36 671.25 Td (The ) Tj ET Q q 0 0 0 rg BT 182.34 671.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 201.99 671.25 Td (has ) Tj ET Q q 0 0 0 rg BT 217.75 671.25 Td (an ) Tj ET Q q 0 0 0 rg BT 229.63 671.25 Td (upsize ) Tj ET Q q 0 0 0 rg BT 257.61 671.25 Td (feature ) Tj ET Q q 0 0 0 rg BT 287.79 671.25 Td (which ) Tj ET Q q 0 0 0 rg BT 314.67 671.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 343.21 671.25 Td (a ) Tj ET Q q 0 0 0 rg BT 350.08 671.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 393.06 671.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 423.82 671.25 Td (size ) Tj ET Q q 0 0 0 rg BT 441.80 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.56 671.25 Td ($600 ) Tj ET Q q 0 0 0 rg BT 474.99 671.25 Td (million ) Tj ET Q q 0 0 0 rg BT 506.32 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.53 671.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 548.39 671.25 Td (1) Tj ET Q q 0 0 0 rg BT 553.01 671.25 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (total ) Tj ET Q q 0 0 0 rg BT 74.27 659.25 Td (aircraft.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 638.25 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 124.88 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.94 638.25 Td (March ) Tj ET Q q 0 0 0 rg BT 163.31 638.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 178.09 638.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 200.36 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.08 638.25 Td (through ) Tj ET Q q 0 0 0 rg BT 249.96 638.25 Td (April ) Tj ET Q q 0 0 0 rg BT 273.34 638.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 288.12 638.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 310.39 638.25 Td (we ) Tj ET Q q 0 0 0 rg BT 324.33 638.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 356.03 638.25 Td (into ) Tj ET Q q 0 0 0 rg BT 373.86 638.25 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 408.94 638.25 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 459.53 638.25 Td (with ) Tj ET Q q 0 0 0 rg BT 479.58 638.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 507.40 638.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 550.22 638.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.25 Td (reschedule ) Tj ET Q q 0 0 0 rg BT 99.10 626.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 121.43 626.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 162.10 626.25 Td (under ) Tj ET Q q 0 0 0 rg BT 187.21 626.25 Td (our ) Tj ET Q q 0 0 0 rg BT 202.88 626.25 Td (leases. ) Tj ET Q q 0 0 0 rg BT 231.43 626.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 267.70 626.25 Td (April ) Tj ET Q q 0 0 0 rg BT 291.15 626.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 305.99 626.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 328.34 626.25 Td (we ) Tj ET Q q 0 0 0 rg BT 342.34 626.25 Td (have ) Tj ET Q q 0 0 0 rg BT 363.56 626.25 Td (rescheduled ) Tj ET Q q 0 0 0 rg BT 413.66 626.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 473.76 626.25 Td ($350 ) Tj ET Q q 0 0 0 rg BT 496.11 626.25 Td (million ) Tj ET Q q 0 0 0 rg BT 527.34 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.02 626.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.25 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 593.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.78 593.25 Td (April ) Tj ET Q q 0 0 0 rg BT 110.39 593.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 135.39 593.25 Td (we ) Tj ET Q q 0 0 0 rg BT 149.55 593.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 177.03 593.25 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 197.03 593.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 225.65 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.48 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.19 593.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 300.36 593.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 332.85 593.25 Td (under ) Tj ET Q q 0 0 0 rg BT 358.12 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.84 593.25 Td (Citi ) Tj ET Q q 0 0 0 rg BT 390.34 593.25 Td (Revolver) Tj ET Q q 0 0 0 rg BT 426.45 593.25 Td (. ) Tj ET Q q 0 0 0 rg BT 431.45 593.25 Td (Refer ) Tj ET Q q 0 0 0 rg BT 456.15 593.25 Td (Note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.09 593.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.09 593.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 498.09 593.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.53 593.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 572.25 Td (On ) Tj ET Q q 0 0 0 rg BT 90.94 572.25 Td (May ) Tj ET Q q 0 0 0 rg BT 111.48 572.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 121.19 572.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 145.91 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.34 572.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 213.09 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.63 572.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 269.78 572.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 285.33 572.25 Td (Shuttle ) Tj ET Q q 0 0 0 rg BT 315.39 572.25 Td (ASA) Tj ET Q q 0 0 0 rg BT 334.84 572.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.05 572.25 Td (\(Norwegian\) ) Tj ET Q q 0 0 0 rg BT 399.23 572.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 438.65 572.25 Td (an ) Tj ET Q q 0 0 0 rg BT 450.30 572.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 486.39 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.94 572.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 533.03 572.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.02 560.25 Td (perpetual ) Tj ET Q q 0 0 0 rg BT 110.79 560.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 158.35 560.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 182.04 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.39 560.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 238.84 560.25 Td (with ) Tj ET Q q 0 0 0 rg BT 259.20 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.99 560.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 320.45 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.35 560.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 361.13 560.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 380.93 560.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 427.95 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.85 560.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 485.86 560.25 Td (into ) Tj ET Q q 0 0 0 rg BT 503.99 560.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 531.57 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 542.47 560.25 Td (part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 63.64 548.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.38 548.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 121.79 548.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 158.64 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.73 548.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 188.47 548.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.21 548.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 233.29 548.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 275.69 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.78 548.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 321.06 548.25 Td (support ) Tj ET Q q 0 0 0 rg BT 352.37 548.25 Td (of) Tj ET Q q 0 0 0 rg BT 360.52 548.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 382.37 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.45 548.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 437.19 548.25 Td (by ) Tj ET Q q 0 0 0 rg BT 448.50 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.02 548.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 507.76 548.25 Td (government. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 536.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 536.25 Td (e ) Tj ET Q q 0 0 0 rg BT 68.50 536.25 Td (have ) Tj ET Q q 0 0 0 rg BT 88.81 536.25 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 119.38 536.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 149.13 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.34 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.98 536.25 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 218.95 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.71 536.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 257.34 536.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 302.93 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.14 536.25 Td (subscribe ) Tj ET Q q 0 0 0 rg BT 351.33 536.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.42 536.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.29 536.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 400.60 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.36 536.25 Td (such ) Tj ET Q q 0 0 0 rg BT 430.11 536.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 456.53 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.40 536.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 494.93 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.14 536.25 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 68.14 524.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 109.51 524.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 131.97 524.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 182.22 524.25 Td (related ) Tj ET Q q 0 0 0 rg BT 211.90 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.16 524.25 Td (our ) Tj ET Q q 0 0 0 rg BT 237.97 524.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 269.31 524.25 Td (that ) Tj ET Q q 0 0 0 rg BT 286.78 524.25 Td (are ) Tj ET Q q 0 0 0 rg BT 301.47 524.25 Td (on ) Tj ET Q q 0 0 0 rg BT 313.95 524.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 336.42 524.25 Td (with ) Tj ET Q q 0 0 0 rg BT 356.67 524.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 403.58 524.25 Td (or ) Tj ET Q q 0 0 0 rg BT 414.39 524.25 Td (its ) Tj ET Q q 0 0 0 rg BT 426.32 524.25 Td (af) Tj ET Q q 0 0 0 rg BT 433.91 524.25 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 466.10 524.25 Td (Immediately ) Tj ET Q q 0 0 0 rg BT 519.11 524.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 70.34 512.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 118.33 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.78 512.25 Td (Norwegian's ) Tj ET Q q 0 0 0 rg BT 185.02 512.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 230.23 512.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 251.57 512.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 300.13 512.25 Td (we ) Tj ET Q q 0 0 0 rg BT 315.91 512.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 346.12 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.02 512.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 379.92 512.25 Td (Norwegian) Tj ET Q q 0 0 0 rg BT 427.12 512.25 Td (s ) Tj ET Q q 0 0 0 rg BT 435.13 512.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 473.13 512.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 502.24 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.80 512.25 Td (perpetual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 500.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 102.32 500.25 Td (notes.) Tj ET Q q 0 0 0 rg BT 128.25 500.25 Td (There ) Tj ET Q q 0 0 0 rg BT 154.91 500.25 Td (can ) Tj ET Q q 0 0 0 rg BT 172.13 500.25 Td (be ) Tj ET Q q 0 0 0 rg BT 184.91 500.25 Td (no ) Tj ET Q q 0 0 0 rg BT 198.26 500.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 240.47 500.25 Td (that ) Tj ET Q q 0 0 0 rg BT 258.81 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.37 500.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 319.38 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.50 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.06 500.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 383.28 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.95 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 416.63 500.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 444.96 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.74 500.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 489.70 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.48 500.25 Td (related ) Tj ET Q q 0 0 0 rg BT 538.02 500.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 488.25 Td (amendments, ) Tj ET Q q 0 0 0 rg BT 109.54 488.25 Td (will ) Tj ET Q q 0 0 0 rg BT 127.60 488.25 Td (be ) Tj ET Q q 0 0 0 rg BT 139.54 488.25 Td (met.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (34) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Item 2. Management) Tj ET Q q 0 0 0 rg BT 148.05 731.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 220.03 731.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.50 710.25 Td (Y) Tj ET Q q 0 0 0 rg BT 81.14 710.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 93.33 710.25 Td (should ) Tj ET Q q 0 0 0 rg BT 122.19 710.25 Td (r) Tj ET Q q 0 0 0 rg BT 125.71 710.25 Td (ead ) Tj ET Q q 0 0 0 rg BT 142.33 710.25 Td (this ) Tj ET Q q 0 0 0 rg BT 158.97 710.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 202.83 710.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.79 710.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 262.19 710.25 Td (with ) Tj ET Q q 0 0 0 rg BT 281.61 710.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.69 710.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 339.87 710.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 386.50 710.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 442.02 710.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 483.09 710.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 528.60 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 545.79 710.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 698.25 Td (r) Tj ET Q q 0 0 0 rg BT 57.52 698.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 84.78 698.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 108.72 698.25 Td (included ) Tj ET Q q 0 0 0 rg BT 145.98 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.58 698.25 Td (this ) Tj ET Q q 0 0 0 rg BT 173.86 698.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 206.12 698.25 Td (Report. ) Tj ET Q q 0 0 0 rg BT 238.67 698.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 257.61 698.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.99 698.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 341.03 698.25 Td (ar) Tj ET Q q 0 0 0 rg BT 349.55 698.25 Td (e ) Tj ET Q q 0 0 0 rg BT 356.82 698.25 Td (pr) Tj ET Q q 0 0 0 rg BT 365.34 698.25 Td (esented ) Tj ET Q q 0 0 0 rg BT 398.15 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.76 698.25 Td (accor) Tj ET Q q 0 0 0 rg BT 431.15 698.25 Td (dance ) Tj ET Q q 0 0 0 rg BT 457.86 698.25 Td (with ) Tj ET Q q 0 0 0 rg BT 477.91 698.25 Td (U.S.GAAP) Tj ET Q q 0 0 0 rg BT 521.89 698.25 Td (, ) Tj ET Q q 0 0 0 rg BT 527.22 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 545.04 698.25 Td (ar) Tj ET Q q 0 0 0 rg BT 553.57 698.25 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (pr) Tj ET Q q 0 0 0 rg BT 62.52 686.25 Td (esented ) Tj ET Q q 0 0 0 rg BT 94.81 686.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.88 686.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 124.41 686.25 Td (dollars. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.54 686.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 176.50 686.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.58 686.25 Td (r) Tj ET Q q 0 0 0 rg BT 190.10 686.25 Td (ounding, ) Tj ET Q q 0 0 0 rg BT 227.68 686.25 Td (numbers ) Tj ET Q q 0 0 0 rg BT 264.42 686.25 Td (pr) Tj ET Q q 0 0 0 rg BT 272.95 686.25 Td (esented ) Tj ET Q q 0 0 0 rg BT 305.23 686.25 Td (thr) Tj ET Q q 0 0 0 rg BT 316.53 686.25 Td (oughout ) Tj ET Q q 0 0 0 rg BT 351.61 686.25 Td (this ) Tj ET Q q 0 0 0 rg BT 368.36 686.25 Td (document ) Tj ET Q q 0 0 0 rg BT 409.53 686.25 Td (may ) Tj ET Q q 0 0 0 rg BT 428.49 686.25 Td (not ) Tj ET Q q 0 0 0 rg BT 443.57 686.25 Td (add ) Tj ET Q q 0 0 0 rg BT 460.87 686.25 Td (up ) Tj ET Q q 0 0 0 rg BT 473.17 686.25 Td (pr) Tj ET Q q 0 0 0 rg BT 481.69 686.25 Td (ecisely ) Tj ET Q q 0 0 0 rg BT 511.19 686.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.27 686.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.79 686.25 Td (totals ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 674.25 Td (pr) Tj ET Q q 0 0 0 rg BT 62.52 674.25 Td (ovided ) Tj ET Q q 0 0 0 rg BT 91.68 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.18 674.25 Td (per) Tj ET Q q 0 0 0 rg BT 122.13 674.25 Td (centages ) Tj ET Q q 0 0 0 rg BT 159.62 674.25 Td (may ) Tj ET Q q 0 0 0 rg BT 178.78 674.25 Td (not ) Tj ET Q q 0 0 0 rg BT 194.06 674.25 Td (pr) Tj ET Q q 0 0 0 rg BT 202.58 674.25 Td (ecisely ) Tj ET Q q 0 0 0 rg BT 232.28 674.25 Td (r) Tj ET Q q 0 0 0 rg BT 235.80 674.25 Td (eflect ) Tj ET Q q 0 0 0 rg BT 259.95 674.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.67 674.25 Td (absolute ) Tj ET Q q 0 0 0 rg BT 311.06 674.25 Td (figur) Tj ET Q q 0 0 0 rg BT 330.13 674.25 Td (es.) Tj ET Q BT /F3 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (Special ) Tj ET Q q 0 0 0 rg BT 87.06 653.25 Td (note ) Tj ET Q q 0 0 0 rg BT 107.89 653.25 Td (about ) Tj ET Q q 0 0 0 rg BT 134.84 653.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 172.33 653.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 206.51 653.25 Td (statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 632.25 Td (This ) Tj ET Q q 0 0 0 rg BT 96.81 632.25 Td (report ) Tj ET Q q 0 0 0 rg BT 123.22 632.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 159.08 632.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 197.70 632.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 230.79 632.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 279.98 632.25 Td (within ) Tj ET Q q 0 0 0 rg BT 308.07 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.82 632.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 359.78 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.65 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.40 632.25 Td (Private ) Tj ET Q q 0 0 0 rg BT 416.25 632.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 458.22 632.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 500.19 632.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 532.71 632.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 549.69 632.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 620.25 Td (1995. ) Tj ET Q q 0 0 0 rg BT 79.14 620.25 Td (W) Tj ET Q q 0 0 0 rg BT 87.78 620.25 Td (e ) Tj ET Q q 0 0 0 rg BT 95.06 620.25 Td (have ) Tj ET Q q 0 0 0 rg BT 116.78 620.25 Td (based ) Tj ET Q q 0 0 0 rg BT 142.39 620.25 Td (these ) Tj ET Q q 0 0 0 rg BT 165.78 620.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 200.28 620.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 233.68 620.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 278.74 620.25 Td (lar) Tj ET Q q 0 0 0 rg BT 289.10 620.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 309.16 620.25 Td (on ) Tj ET Q q 0 0 0 rg BT 322.01 620.25 Td (our ) Tj ET Q q 0 0 0 rg BT 338.18 620.25 Td (current ) Tj ET Q q 0 0 0 rg BT 369.34 620.25 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 398.84 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.12 620.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 463.40 620.25 Td (about ) Tj ET Q q 0 0 0 rg BT 488.46 620.25 Td (future ) Tj ET Q q 0 0 0 rg BT 515.18 620.25 Td (events ) Tj ET Q q 0 0 0 rg BT 543.57 620.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 608.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.95 608.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 119.36 608.25 Td (af) Tj ET Q q 0 0 0 rg BT 126.95 608.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 157.68 608.25 Td (our ) Tj ET Q q 0 0 0 rg BT 173.98 608.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 213.34 608.25 Td (Many ) Tj ET Q q 0 0 0 rg BT 239.64 608.25 Td (important ) Tj ET Q q 0 0 0 rg BT 281.50 608.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 314.17 608.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.92 608.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 360.67 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.41 608.25 Td (those ) Tj ET Q q 0 0 0 rg BT 395.49 608.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 436.79 608.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.54 608.25 Td (this ) Tj ET Q q 0 0 0 rg BT 464.96 608.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 494.31 608.25 Td (could ) Tj ET Q q 0 0 0 rg BT 519.49 608.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 544.67 608.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 80.37 596.25 Td (results ) Tj ET Q q 0 0 0 rg BT 108.98 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.26 596.25 Td (dif) Tj ET Q q 0 0 0 rg BT 130.19 596.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 143.79 596.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 196.84 596.25 Td (from ) Tj ET Q q 0 0 0 rg BT 218.78 596.25 Td (those ) Tj ET Q q 0 0 0 rg BT 242.38 596.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 288.75 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.03 596.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.86 596.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 349.01 596.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 382.07 596.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 429.28 596.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 472.05 596.25 Td (among ) Tj ET Q q 0 0 0 rg BT 501.77 596.25 Td (other ) Tj ET Q q 0 0 0 rg BT 524.82 596.25 Td (things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 575.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.66 575.25 Td (severity) Tj ET Q q 0 0 0 rg BT 154.66 575.25 Td (, ) Tj ET Q q 0 0 0 rg BT 160.60 575.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 188.48 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.35 575.25 Td (duration ) Tj ET Q q 0 0 0 rg BT 243.12 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.89 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.55 575.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 311.76 575.25 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 354.08 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.96 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.61 575.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 406.04 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.81 575.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 456.22 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.44 575.25 Td (air ) Tj ET Q q 0 0 0 rg BT 481.43 575.25 Td (travel, ) Tj ET Q q 0 0 0 rg BT 510.13 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.79 575.25 Td (aviation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 563.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 142.45 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.57 563.25 Td (global ) Tj ET Q q 0 0 0 rg BT 185.24 563.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 225.78 563.25 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 271.90 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.79 563.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 322.46 563.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 355.24 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.24 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.13 563.25 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 419.68 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.79 563.25 Td (responsive ) Tj ET Q q 0 0 0 rg BT 480.24 563.25 Td (government ) Tj ET Q q 0 0 0 rg BT 529.67 563.25 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 551.25 Td (on ) Tj ET Q q 0 0 0 rg BT 119.68 551.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.70 551.25 Td (business ) Tj ET Q q 0 0 0 rg BT 170.27 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.39 551.25 Td (results ) Tj ET Q q 0 0 0 rg BT 214.19 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.20 551.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 270.04 551.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.70 551.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 346.16 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.28 551.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.73 551.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 408.14 551.25 Td (as ) Tj ET Q q 0 0 0 rg BT 418.15 551.25 Td (well ) Tj ET Q q 0 0 0 rg BT 437.05 551.25 Td (as ) Tj ET Q q 0 0 0 rg BT 447.07 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.97 551.25 Td (ef) Tj ET Q q 0 0 0 rg BT 468.56 551.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 485.22 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.24 551.25 Td (remote ) Tj ET Q q 0 0 0 rg BT 524.69 551.25 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 539.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 164.36 539.25 Td (on ) Tj ET Q q 0 0 0 rg BT 176.86 539.25 Td (our ) Tj ET Q q 0 0 0 rg BT 192.69 539.25 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 518.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 518.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 170.20 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.03 518.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 210.18 518.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.46 518.25 Td (us ) Tj ET Q q 0 0 0 rg BT 231.85 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.79 518.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.07 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 274.90 518.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 317.95 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.88 518.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 369.59 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 379.87 518.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 411.80 518.25 Td (rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 497.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 497.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 150.77 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.60 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 177.43 497.25 Td (lessees ) Tj ET Q q 0 0 0 rg BT 207.70 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.64 497.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 262.13 497.25 Td (lessees ) Tj ET Q q 0 0 0 rg BT 292.39 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.67 497.25 Td (make ) Tj ET Q q 0 0 0 rg BT 326.83 497.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 367.09 497.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 389.58 497.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 430.40 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.68 497.25 Td (us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 476.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 476.25 Td (our ) Tj ET Q q 0 0 0 rg BT 123.53 476.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 151.27 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.25 476.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 212.32 476.25 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 251.17 476.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 282.23 476.25 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 326.35 476.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 347.99 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.62 476.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 393.20 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.17 476.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 432.02 476.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 480.88 476.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 516.96 476.25 Td (due ) Tj ET Q q 0 0 0 rg BT 533.60 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.23 476.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 464.25 Td (repossess ) Tj ET Q q 0 0 0 rg BT 148.27 464.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 179.64 464.25 Td (under ) Tj ET Q q 0 0 0 rg BT 204.90 464.25 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 244.61 464.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 273.48 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.42 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.70 464.25 Td (control ) Tj ET Q q 0 0 0 rg BT 331.53 464.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 354.03 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.96 464.25 Td (expenses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 443.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 443.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 142.71 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.99 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.70 443.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 197.97 443.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 232.12 443.25 Td (for ) Tj ET Q q 0 0 0 rg BT 246.28 443.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 295.98 443.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 327.34 443.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 358.17 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.10 443.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 406.47 443.25 Td (management ) Tj ET Q q 0 0 0 rg BT 460.06 443.25 Td (services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 422.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 422.25 Td (ef) Tj ET Q q 0 0 0 rg BT 130.30 422.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 151.68 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.51 422.25 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 196.67 422.25 Td (attacks ) Tj ET Q q 0 0 0 rg BT 226.93 422.25 Td (on ) Tj ET Q q 0 0 0 rg BT 239.43 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.15 422.25 Td (aviation ) Tj ET Q q 0 0 0 rg BT 288.86 422.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 324.14 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.08 422.25 Td (on ) Tj ET Q q 0 0 0 rg BT 353.58 422.25 Td (our ) Tj ET Q q 0 0 0 rg BT 369.41 422.25 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 401.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 401.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 164.09 401.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 204.36 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.19 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.91 401.25 Td (global ) Tj ET Q q 0 0 0 rg BT 257.40 401.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 285.45 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.38 401.25 Td (car) Tj ET Q q 0 0 0 rg BT 314.41 401.25 Td (go ) Tj ET Q q 0 0 0 rg BT 326.91 401.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 362.19 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.13 401.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 420.50 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.44 401.25 Td (political ) Tj ET Q q 0 0 0 rg BT 472.71 401.25 Td (conditions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 380.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 380.25 Td (development ) Tj ET Q q 0 0 0 rg BT 162.22 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.12 380.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 213.44 380.25 Td (government ) Tj ET Q q 0 0 0 rg BT 263.77 380.25 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 309.38 380.25 Td (including ) Tj ET Q q 0 0 0 rg BT 349.72 380.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 392.83 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.73 380.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 426.29 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.29 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.08 380.25 Td (imposition ) Tj ET Q q 0 0 0 rg BT 503.43 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.33 380.25 Td (import ) Tj ET Q q 0 0 0 rg BT 543.56 380.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 368.25 Td (export ) Tj ET Q q 0 0 0 rg BT 136.05 368.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 173.26 368.25 Td (tarif) Tj ET Q q 0 0 0 rg BT 189.74 368.25 Td (fs ) Tj ET Q q 0 0 0 rg BT 199.46 368.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.40 368.25 Td (other ) Tj ET Q q 0 0 0 rg BT 239.45 368.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 261.93 368.25 Td (barriers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 347.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 347.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 157.71 347.25 Td (pressures ) Tj ET Q q 0 0 0 rg BT 197.42 347.25 Td (within ) Tj ET Q q 0 0 0 rg BT 225.48 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.19 347.25 Td (industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 326.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 326.25 Td (negotiation ) Tj ET Q q 0 0 0 rg BT 170.21 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.04 326.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 212.40 326.25 Td (management ) Tj ET Q q 0 0 0 rg BT 265.99 326.25 Td (services ) Tj ET Q q 0 0 0 rg BT 300.70 326.25 Td (contracts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 305.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 305.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 152.38 305.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 187.88 305.25 Td (af) Tj ET Q q 0 0 0 rg BT 195.47 305.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 226.52 305.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 277.01 305.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 309.16 305.25 Td (operators, ) Tj ET Q q 0 0 0 rg BT 352.16 305.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 384.31 305.25 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 440.63 305.25 Td (engine ) Tj ET Q q 0 0 0 rg BT 470.57 305.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 514.13 305.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 293.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 148.27 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.21 293.25 Td (taxes; ) Tj ET Q q 0 0 0 rg BT 191.03 293.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 272.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 272.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 144.11 272.25 Td (set ) Tj ET Q q 0 0 0 rg BT 157.72 272.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 179.66 272.25 Td (or ) Tj ET Q q 0 0 0 rg BT 190.49 272.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 224.62 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.90 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.18 272.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 268.22 272.25 Td (II. ) Tj ET Q q 0 0 0 rg BT 279.88 272.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 305.15 272.25 Td (InformationItem ) Tj ET Q q 0 0 0 rg BT 383.74 272.25 Td (1A. ) Tj ET Q q 0 0 0 rg BT 400.96 272.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 421.80 272.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 458.18 272.25 Td (included ) Tj ET Q q 0 0 0 rg BT 495.11 272.25 Td (below) Tj ET Q q 0 0 0 rg BT 518.90 272.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 251.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.12 251.25 Td (words ) Tj ET Q q 0 0 0 rg BT 120.64 251.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 162.96 251.25 Td (may) Tj ET Q q 0 0 0 rg BT 183.97 251.25 Td (, ) Tj ET Q q 0 0 0 rg BT 192.98 251.25 Td (will, ) Tj ET Q q 0 0 0 rg BT 221.99 251.25 Td (aim, ) Tj ET Q q 0 0 0 rg BT 250.44 251.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 297.21 251.25 Td (continue, ) Tj ET Q q 0 0 0 rg BT 345.10 251.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 397.42 251.25 Td (intend, ) Tj ET Q q 0 0 0 rg BT 435.87 251.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 472.91 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.42 251.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 519.27 251.25 Td (words ) Tj ET Q q 0 0 0 rg BT 545.79 251.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 239.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 91.41 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.16 239.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 136.23 239.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 170.86 239.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 204.39 239.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 252.07 239.25 Td (Forward ) Tj ET Q q 0 0 0 rg BT 288.92 239.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 322.45 239.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 367.64 239.25 Td (include ) Tj ET Q q 0 0 0 rg BT 400.04 239.25 Td (information ) Tj ET Q q 0 0 0 rg BT 450.23 239.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 497.63 239.25 Td (our ) Tj ET Q q 0 0 0 rg BT 513.93 239.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 549.68 239.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 90.66 227.25 Td (future ) Tj ET Q q 0 0 0 rg BT 116.75 227.25 Td (results ) Tj ET Q q 0 0 0 rg BT 145.07 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.62 227.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 201.99 227.25 Td (business ) Tj ET Q q 0 0 0 rg BT 238.10 227.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 280.58 227.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 320.56 227.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 346.39 227.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 395.81 227.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 432.75 227.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 467.75 227.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 523.01 227.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 84.79 215.25 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 142.51 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.19 215.25 Td (ef) Tj ET Q q 0 0 0 rg BT 164.77 215.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 186.11 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.89 215.25 Td (future ) Tj ET Q q 0 0 0 rg BT 223.22 215.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 266.22 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.11 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.79 215.25 Td (ef) Tj ET Q q 0 0 0 rg BT 305.37 215.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 326.71 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.49 215.25 Td (competition. ) Tj ET Q q 0 0 0 rg BT 390.21 215.25 Td (Forward ) Tj ET Q q 0 0 0 rg BT 426.55 215.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 459.56 215.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 504.23 215.25 Td (speak ) Tj ET Q q 0 0 0 rg BT 529.45 215.25 Td (only ) Tj ET Q q 0 0 0 rg BT 549.69 215.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 65.65 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.19 203.25 Td (date ) Tj ET Q q 0 0 0 rg BT 101.16 203.25 Td (they ) Tj ET Q q 0 0 0 rg BT 121.70 203.25 Td (were ) Tj ET Q q 0 0 0 rg BT 144.44 203.25 Td (made ) Tj ET Q q 0 0 0 rg BT 169.42 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.18 203.25 Td (we ) Tj ET Q q 0 0 0 rg BT 202.16 203.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 244.90 203.25 Td (no ) Tj ET Q q 0 0 0 rg BT 258.22 203.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 302.09 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.19 203.25 Td (update ) Tj ET Q q 0 0 0 rg BT 343.16 203.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 379.25 203.25 Td (or ) Tj ET Q q 0 0 0 rg BT 390.90 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.00 203.25 Td (revise ) Tj ET Q q 0 0 0 rg BT 429.20 203.25 Td (any ) Tj ET Q q 0 0 0 rg BT 446.96 203.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 481.93 203.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 515.80 203.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 191.25 Td (because ) Tj ET Q q 0 0 0 rg BT 88.25 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.18 191.25 Td (new ) Tj ET Q q 0 0 0 rg BT 118.45 191.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 170.76 191.25 Td (future ) Tj ET Q q 0 0 0 rg BT 197.24 191.25 Td (events ) Tj ET Q q 0 0 0 rg BT 225.40 191.25 Td (or ) Tj ET Q q 0 0 0 rg BT 236.33 191.25 Td (other ) Tj ET Q q 0 0 0 rg BT 259.48 191.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 291.79 191.25 Td (In ) Tj ET Q q 0 0 0 rg BT 302.73 191.25 Td (light ) Tj ET Q q 0 0 0 rg BT 323.66 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.60 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.42 191.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 370.92 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.96 191.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 441.65 191.25 Td (described ) Tj ET Q q 0 0 0 rg BT 482.57 191.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 511.55 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.37 191.25 Td (forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 179.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 87.06 179.25 Td (events ) Tj ET Q q 0 0 0 rg BT 115.10 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.04 179.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 191.18 179.25 Td (described ) Tj ET Q q 0 0 0 rg BT 232.00 179.25 Td (in ) Tj ET Q q 0 0 0 rg BT 242.28 179.25 Td (this ) Tj ET Q q 0 0 0 rg BT 259.22 179.25 Td (report ) Tj ET Q q 0 0 0 rg BT 285.60 179.25 Td (might ) Tj ET Q q 0 0 0 rg BT 311.44 179.25 Td (not ) Tj ET Q q 0 0 0 rg BT 326.71 179.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 351.42 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.36 179.25 Td (are ) Tj ET Q q 0 0 0 rg BT 383.07 179.25 Td (not ) Tj ET Q q 0 0 0 rg BT 398.35 179.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 443.60 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.43 179.25 Td (future ) Tj ET Q q 0 0 0 rg BT 480.81 179.25 Td (performance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 158.25 Td (Air) Tj ET Q q 0 0 0 rg BT 68.26 158.25 Td (craft portfolio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 137.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 137.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.43 137.25 Td (are ) Tj ET Q q 0 0 0 rg BT 107.48 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.55 137.25 Td (global ) Tj ET Q q 0 0 0 rg BT 150.40 137.25 Td (leader ) Tj ET Q q 0 0 0 rg BT 177.67 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.30 137.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 220.01 137.25 Td (leasing. ) Tj ET Q q 0 0 0 rg BT 253.48 137.25 Td (W) Tj ET Q q 0 0 0 rg BT 262.12 137.25 Td (e ) Tj ET Q q 0 0 0 rg BT 269.41 137.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 293.92 137.25 Td (on ) Tj ET Q q 0 0 0 rg BT 306.77 137.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 347.39 137.25 Td (in-demand ) Tj ET Q q 0 0 0 rg BT 393.00 137.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 424.71 137.25 Td (at ) Tj ET Q q 0 0 0 rg BT 434.78 137.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 474.83 137.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 504.06 137.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 538.01 137.25 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 125.25 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 125.25 Td (ficiently) Tj ET Q q 0 0 0 rg BT 94.26 125.25 Td (, ) Tj ET Q q 0 0 0 rg BT 99.70 125.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 134.87 125.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.25 125.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 185.18 125.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 203.12 125.25 Td (prudently ) Tj ET Q q 0 0 0 rg BT 244.39 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.78 125.25 Td (using ) Tj ET Q q 0 0 0 rg BT 286.39 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.67 125.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 340.05 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.77 125.25 Td (deploy ) Tj ET Q q 0 0 0 rg BT 380.94 125.25 Td (these ) Tj ET Q q 0 0 0 rg BT 404.43 125.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 430.71 125.25 Td (with ) Tj ET Q q 0 0 0 rg BT 451.43 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.59 125.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 506.19 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.46 125.25 Td (delivering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 113.25 Td (superior ) Tj ET Q q 0 0 0 rg BT 89.83 113.25 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 144.55 113.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 177.67 113.25 Td (W) Tj ET Q q 0 0 0 rg BT 186.30 113.25 Td (e ) Tj ET Q q 0 0 0 rg BT 193.81 113.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 225.75 113.25 Td (that ) Tj ET Q q 0 0 0 rg BT 243.81 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 256.87 113.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 294.93 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 311.33 113.25 Td (expertise, ) Tj ET Q q 0 0 0 rg BT 352.99 113.25 Td (we ) Tj ET Q q 0 0 0 rg BT 367.71 113.25 Td (will ) Tj ET Q q 0 0 0 rg BT 386.33 113.25 Td (be ) Tj ET Q q 0 0 0 rg BT 398.84 113.25 Td (able ) Tj ET Q q 0 0 0 rg BT 418.56 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.40 113.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 463.57 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.08 113.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 514.67 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 527.74 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 535.24 113.25 Td (broad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 101.25 Td (range ) Tj ET Q q 0 0 0 rg BT 78.18 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.48 101.25 Td (market ) Tj ET Q q 0 0 0 rg BT 118.21 101.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 172.96 101.25 Td (that ) Tj ET Q q 0 0 0 rg BT 189.92 101.25 Td (we ) Tj ET Q q 0 0 0 rg BT 203.55 101.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 231.61 101.25 Td (will ) Tj ET Q q 0 0 0 rg BT 249.14 101.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 284.97 101.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 324.14 101.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 353.88 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 367.51 101.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.81 101.25 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 437.68 101.25 Td (W) Tj ET Q q 0 0 0 rg BT 446.31 101.25 Td (e ) Tj ET Q q 0 0 0 rg BT 452.72 101.25 Td (are ) Tj ET Q q 0 0 0 rg BT 466.90 101.25 Td (an ) Tj ET Q q 0 0 0 rg BT 478.31 101.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 529.15 101.25 Td (aircraft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 89.25 Td (lessor) Tj ET Q q 0 0 0 rg BT 76.93 89.25 Td (, ) Tj ET Q q 0 0 0 rg BT 80.80 89.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 99.10 89.25 Td (as ) Tj ET Q q 0 0 0 rg BT 108.80 89.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 131.00 89.25 Td (we ) Tj ET Q q 0 0 0 rg BT 144.02 89.25 Td (are ) Tj ET Q q 0 0 0 rg BT 157.60 89.25 Td (not ) Tj ET Q q 0 0 0 rg BT 171.74 89.25 Td (af) Tj ET Q q 0 0 0 rg BT 179.33 89.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 209.02 89.25 Td (with ) Tj ET Q q 0 0 0 rg BT 228.17 89.25 Td (any ) Tj ET Q q 0 0 0 rg BT 243.97 89.25 Td (airframe ) Tj ET Q q 0 0 0 rg BT 279.20 89.25 Td (or ) Tj ET Q q 0 0 0 rg BT 288.90 89.25 Td (engine ) Tj ET Q q 0 0 0 rg BT 316.92 89.25 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 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Td ( ) Tj ET Q q 0 0 0 rg BT 86.45 707.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 112.24 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.88 707.10 Td (as ) Tj ET Q q 0 0 0 rg BT 139.41 707.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.93 707.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 193.23 707.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.23 707.10 Td (, ) Tj ET Q q 0 0 0 rg BT 217.93 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.34 707.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 271.19 707.10 Td (average ) Tj ET Q q 0 0 0 rg BT 304.47 707.10 Td (age ) Tj ET Q q 0 0 0 rg BT 320.55 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.08 707.10 Td (our ) Tj ET Q q 0 0 0 rg BT 346.60 707.10 Td (960 ) Tj ET Q q 0 0 0 rg BT 363.80 707.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 392.66 707.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 423.72 707.10 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 446.18 707.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 485.03 707.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.23 707.10 Td (net ) Tj ET Q q 0 0 0 rg BT 511.64 707.10 Td (book ) Tj ET Q q 0 0 0 rg BT 533.84 707.10 Td (value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (was ) Tj ET Q q 0 0 0 rg BT 72.24 695.10 Td (6.2 ) Tj ET Q q 0 0 0 rg BT 87.43 695.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 113.52 695.10 Td (W) Tj ET Q q 0 0 0 rg BT 122.16 695.10 Td (e ) Tj ET Q q 0 0 0 rg BT 129.29 695.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 161.40 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.42 695.10 Td (business ) Tj ET Q q 0 0 0 rg BT 214.00 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.69 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.82 695.10 Td (global ) Tj ET Q q 0 0 0 rg BT 261.51 695.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 286.10 695.10 Td (As ) Tj ET Q q 0 0 0 rg BT 299.90 695.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.92 695.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 354.71 695.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.71 695.10 Td (, ) Tj ET Q q 0 0 0 rg BT 379.90 695.10 Td (918 ) Tj ET Q q 0 0 0 rg BT 397.59 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.61 695.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.63 695.10 Td (934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.63 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.32 695.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 471.67 695.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 503.22 695.10 Td (were ) Tj ET Q q 0 0 0 rg BT 525.34 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 538.03 695.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 71.03 683.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 83.62 683.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 115.07 683.10 Td (were ) Tj ET Q q 0 0 0 rg BT 137.09 683.10 Td (of) Tj ET Q q 0 0 0 rg BT 145.24 683.10 Td (f-lease.) Tj ET Q q 0 0 0 rg BT 176.33 683.10 Td (As ) Tj ET Q q 0 0 0 rg BT 190.04 683.10 Td (ofMay ) Tj ET Q q 0 0 0 rg BT 221.79 683.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 231.88 683.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 256.97 683.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 282.33 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.25 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.06 683.10 Td (of) Tj ET Q q 0 0 0 rg BT 316.20 683.10 Td (f-lease ) Tj ET Q q 0 0 0 rg BT 345.44 683.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 376.89 683.10 Td (were ) Tj ET Q q 0 0 0 rg BT 398.91 683.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 444.27 683.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.52 683.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 476.65 683.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.57 683.10 Td (part-out, ) Tj ET Q q 0 0 0 rg BT 524.32 683.10 Td (six ) Tj ET Q q 0 0 0 rg BT 538.58 683.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td (re-leased ) Tj ET Q q 0 0 0 rg BT 92.73 671.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.71 671.10 Td (under ) Tj ET Q q 0 0 0 rg BT 129.13 671.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 186.22 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.53 671.10 Td (re-lease, ) Tj ET Q q 0 0 0 rg BT 236.76 671.10 Td (two ) Tj ET Q q 0 0 0 rg BT 254.41 671.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 285.92 671.10 Td (were ) Tj ET Q q 0 0 0 rg BT 308.00 671.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 327.32 671.10 Td (or ) Tj ET Q q 0 0 0 rg BT 338.29 671.10 Td (under ) Tj ET Q q 0 0 0 rg BT 363.71 671.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 416.91 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 431.22 671.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 451.91 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.00 671.10 Td (one ) Tj ET Q q 0 0 0 rg BT 486.09 671.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 517.60 671.10 Td (was ) Tj ET Q q 0 0 0 rg BT 535.80 671.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (marketed ) Tj ET Q q 0 0 0 rg BT 93.70 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.86 659.10 Td (re-lease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 638.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.55 638.10 Td (following ) Tj ET Q q 0 0 0 rg BT 135.93 638.10 Td (table ) Tj ET Q q 0 0 0 rg BT 157.87 638.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 193.14 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.97 638.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 240.33 638.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 277.82 638.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.32 638.10 Td (type ) Tj ET Q q 0 0 0 rg BT 310.04 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.87 638.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 352.23 638.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.06 638.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.89 638.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 417.49 638.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.49 638.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 598.60 134.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 598.60 4.00 -14.00 re f /GS0 gs 0.8 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70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 514.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 514.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 486.60 134.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 486.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 486.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 486.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 486.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 486.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 458.60 134.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 458.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 458.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 458.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 458.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 458.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 430.60 134.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 430.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 430.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 430.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 430.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 430.60 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 598.6 m 188.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 598.6 m 262.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 598.6 m 336.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 598.6 m 410.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 598.6 m 484.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 598.6 m 558.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 598.6 m 188.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 598.6 m 262.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 598.6 m 336.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 598.6 m 410.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 598.6 m 484.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 598.6 m 558.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 430.6 m 262.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 430.6 m 410.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 430.6 m 484.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 430.6 m 558.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 430.6 m 262.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 417.6 m 262.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 415.6 m 262.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 430.6 m 336.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 417.6 m 336.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 415.6 m 336.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 430.6 m 410.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 417.6 m 410.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 415.6 m 410.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 430.6 m 484.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 417.6 m 484.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 415.6 m 484.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 430.6 m 558.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 417.6 m 558.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 415.6 m 558.5 415.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 602.83 Td (Air) Tj ET Q q 0 0 0 rg BT 68.41 602.83 Td (craft type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.50 618.83 Td (Number) Tj ET Q q 0 0 0 rg BT 236.87 618.83 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.85 610.83 Td (owned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.95 602.83 Td (air) Tj ET Q q 0 0 0 rg BT 223.65 602.83 Td (craft) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.85 618.83 Td (Per) Tj ET Q q 0 0 0 rg BT 289.77 618.83 Td (centage of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.20 610.83 Td (total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.10 602.83 Td (net book value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.50 618.83 Td (Number) Tj ET Q q 0 0 0 rg BT 384.87 618.83 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.40 610.83 Td (managed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.95 602.83 Td (air) Tj ET Q q 0 0 0 rg BT 371.65 602.83 Td (craft) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.25 610.83 Td (Number) Tj ET Q q 0 0 0 rg BT 453.62 610.83 Td ( of on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.45 602.83 Td (order) Tj ET Q q 0 0 0 rg BT 444.48 602.83 Td ( air) Tj ET Q q 0 0 0 rg BT 456.11 602.83 Td (craft) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.10 618.83 Td (T) Tj ET Q q 0 0 0 rg BT 505.70 618.83 Td (otal owned,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.75 610.83 Td (managed and on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.45 602.83 Td (order) Tj ET Q q 0 0 0 rg BT 518.41 602.83 Td ( air) Tj ET Q q 0 0 0 rg BT 530.04 602.83 Td (craft) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 589.17 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 86.45 589.17 Td (A320 Family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 589.17 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 589.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 589.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 589.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 589.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 589.17 Td (322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 575.17 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 86.45 575.17 Td (A320neo Family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 575.17 Td (143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 575.17 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 575.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 575.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 575.17 Td (182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 575.17 Td (326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 561.17 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 86.45 561.17 Td (A330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 561.17 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 561.17 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 561.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 561.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 561.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 561.17 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 547.17 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 86.45 547.17 Td (A350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 547.17 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 547.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 547.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 547.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 547.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 547.17 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 533.17 Td (Boeing 737NG) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 533.17 Td (232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 533.17 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 533.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 533.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 533.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 533.17 Td (273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 519.17 Td (Boeing 737 MAX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 519.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 519.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 519.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 519.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 519.17 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 519.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 505.17 Td (Boeing 767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 505.17 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 505.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 505.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 505.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 505.17 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 491.17 Td (Boeing 777-200ER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 491.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 491.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 491.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 491.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 491.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 491.17 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 477.17 Td (Boeing 777-300/300ER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 477.17 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 477.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 477.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 477.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 477.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 477.17 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 463.17 Td (Boeing 787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 463.17 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 463.17 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 463.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 463.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 463.17 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 463.17 Td (1) Tj ET Q q 0 0 0 rg BT 544.65 463.17 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 449.17 Td (Embraer E190/195-E2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 449.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 449.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 449.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 449.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 449.17 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 449.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 435.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 435.17 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 435.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 435.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 435.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 435.17 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 421.28 Td (T) Tj ET Q q 0 0 0 rg BT 62.75 421.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 421.28 Td (934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.00 421.28 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.00 421.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 421.28 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.65 421.28 Td (342) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 421.28 Td (1,372) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 396.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 120.81 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 396.10 Td (fatal ) Tj ET Q q 0 0 0 rg BT 157.18 396.10 Td (accidents ) Tj ET Q q 0 0 0 rg BT 197.57 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.10 396.10 Td (two ) Tj ET Q q 0 0 0 rg BT 227.29 396.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 259.37 396.10 Td (737 ) Tj ET Q q 0 0 0 rg BT 277.56 396.10 Td (MAX ) Tj ET Q q 0 0 0 rg BT 304.09 396.10 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 338.65 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.06 396.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 400.02 396.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 420.98 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.50 396.10 Td (these ) Tj ET Q q 0 0 0 rg BT 456.24 396.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 488.30 396.10 Td (was ) Tj ET Q q 0 0 0 rg BT 507.04 396.10 Td (grounded ) Tj ET Q q 0 0 0 rg BT 548.00 396.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 384.10 Td (aviation ) Tj ET Q q 0 0 0 rg BT 88.46 384.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 132.93 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.96 384.10 Td (March ) Tj ET Q q 0 0 0 rg BT 171.30 384.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 193.56 384.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.25 384.10 Td (production ) Tj ET Q q 0 0 0 rg BT 255.82 384.10 Td (was ) Tj ET Q q 0 0 0 rg BT 273.62 384.10 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 322.53 384.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 366.44 384.10 Td (by ) Tj ET Q q 0 0 0 rg BT 378.69 384.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 409.83 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.85 384.10 Td (January ) Tj ET Q q 0 0 0 rg BT 453.20 384.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 477.96 384.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 515.20 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.23 384.10 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 372.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 81.63 372.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.48 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.78 372.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 140.62 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.03 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.44 372.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 197.38 372.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.46 372.10 Td (order ) Tj ET Q q 0 0 0 rg BT 232.64 372.10 Td (from ) Tj ET Q q 0 0 0 rg BT 254.16 372.10 Td (Boeing. ) Tj ET Q q 0 0 0 rg BT 287.16 372.10 Td (As ) Tj ET Q q 0 0 0 rg BT 300.36 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.76 372.10 Td (March ) Tj ET Q q 0 0 0 rg BT 338.94 372.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 353.52 372.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 378.10 372.10 Td (we ) Tj ET Q q 0 0 0 rg BT 391.84 372.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.36 372.10 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.36 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.44 372.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 451.40 372.10 Td (737 ) Tj ET Q q 0 0 0 rg BT 468.48 372.10 Td (MAX ) Tj ET Q q 0 0 0 rg BT 493.90 372.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 524.84 372.10 Td (on ) Tj ET Q q 0 0 0 rg BT 536.92 372.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 360.10 Td (with ) Tj ET Q q 0 0 0 rg BT 74.43 360.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 105.98 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.07 360.10 Td (five ) Tj ET Q q 0 0 0 rg BT 141.27 360.10 Td (already ) Tj ET Q q 0 0 0 rg BT 173.35 360.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 213.21 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.30 360.10 Td (on ) Tj ET Q q 0 0 0 rg BT 242.96 360.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 268.10 360.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 299.64 360.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 338.39 360.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 371.03 360.10 Td (that ) Tj ET Q q 0 0 0 rg BT 388.68 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.55 360.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 445.07 360.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 488.82 360.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 530.36 360.10 Td (will ) Tj ET Q q 0 0 0 rg BT 548.57 360.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 348.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 91.72 348.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.79 348.10 Td (time ) Tj ET Q q 0 0 0 rg BT 123.85 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.92 348.10 Td (support ) Tj ET Q q 0 0 0 rg BT 168.21 348.10 Td (resumption ) Tj ET Q q 0 0 0 rg BT 216.49 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.11 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.61 348.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 275.79 348.10 Td (737 ) Tj ET Q q 0 0 0 rg BT 294.08 348.10 Td (MAX ) Tj ET Q q 0 0 0 rg BT 320.70 348.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 362.86 348.10 Td (during ) Tj ET Q q 0 0 0 rg BT 392.26 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.76 348.10 Td (third ) Tj ET Q q 0 0 0 rg BT 429.94 348.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 461.54 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.16 348.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 498.95 348.10 Td (It ) Tj ET Q q 0 0 0 rg BT 508.35 348.10 Td (is ) Tj ET Q q 0 0 0 rg BT 518.31 348.10 Td (uncertain, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 336.10 Td (however) Tj ET Q q 0 0 0 rg BT 88.03 336.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.33 336.10 Td (when ) Tj ET Q q 0 0 0 rg BT 117.78 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.02 336.10 Td (under ) Tj ET Q q 0 0 0 rg BT 160.58 336.10 Td (what ) Tj ET Q q 0 0 0 rg BT 182.82 336.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 227.28 336.10 Td (our ) Tj ET Q q 0 0 0 rg BT 243.41 336.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 275.09 336.10 Td (737 ) Tj ET Q q 0 0 0 rg BT 292.89 336.10 Td (MAX ) Tj ET Q q 0 0 0 rg BT 319.02 336.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 350.68 336.10 Td (will ) Tj ET Q q 0 0 0 rg BT 369.03 336.10 Td (return ) Tj ET Q q 0 0 0 rg BT 395.71 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.28 336.10 Td (service ) Tj ET Q q 0 0 0 rg BT 437.39 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.63 336.10 Td (when ) Tj ET Q q 0 0 0 rg BT 479.09 336.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 510.77 336.10 Td (will ) Tj ET Q q 0 0 0 rg BT 529.12 336.10 Td (resume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 324.10 Td (making ) Tj ET Q q 0 0 0 rg BT 87.14 324.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 129.15 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.62 324.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.09 324.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 189.12 324.10 Td (737 ) Tj ET Q q 0 0 0 rg BT 207.26 324.10 Td (MAX ) Tj ET Q q 0 0 0 rg BT 233.74 324.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 265.74 324.10 Td (on ) Tj ET Q q 0 0 0 rg BT 278.88 324.10 Td (order) Tj ET Q q 0 0 0 rg BT 299.43 324.10 Td (. ) Tj ET Q q 0 0 0 rg BT 304.38 324.10 Td (As ) Tj ET Q q 0 0 0 rg BT 318.63 324.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.21 324.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 354.07 324.10 Td (we ) Tj ET Q q 0 0 0 rg BT 368.87 324.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 398.10 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.02 324.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 432.71 324.10 Td (future ) Tj ET Q q 0 0 0 rg BT 459.73 324.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 488.42 324.10 Td (on ) Tj ET Q q 0 0 0 rg BT 501.56 324.10 Td (our ) Tj ET Q q 0 0 0 rg BT 518.03 324.10 Td (scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 312.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 85.86 312.10 Td (737 ) Tj ET Q q 0 0 0 rg BT 103.84 312.10 Td (MAX ) Tj ET Q q 0 0 0 rg BT 130.15 312.10 Td (deliveries, ) Tj ET Q q 0 0 0 rg BT 174.49 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.91 312.10 Td (any ) Tj ET Q q 0 0 0 rg BT 209.32 312.10 Td (such ) Tj ET Q q 0 0 0 rg BT 230.63 312.10 Td (future ) Tj ET Q q 0 0 0 rg BT 257.48 312.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 286.00 312.10 Td (are ) Tj ET Q q 0 0 0 rg BT 301.18 312.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 326.93 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.68 312.10 Td (have ) Tj ET Q q 0 0 0 rg BT 359.54 312.10 Td (an ) Tj ET Q q 0 0 0 rg BT 371.95 312.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 402.14 312.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.11 312.10 Td (our ) Tj ET Q q 0 0 0 rg BT 431.42 312.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 469.37 312.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 500.96 312.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 533.37 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.67 312.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 300.10 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 85.10 300.10 Td (737 ) Tj ET Q q 0 0 0 rg BT 102.31 300.10 Td (MAX ) Tj ET Q q 0 0 0 rg BT 127.85 300.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 153.94 300.10 Td (have ) Tj ET Q q 0 0 0 rg BT 175.03 300.10 Td (now ) Tj ET Q q 0 0 0 rg BT 194.46 300.10 Td (been ) Tj ET Q q 0 0 0 rg BT 215.55 300.10 Td (cancelled, ) Tj ET Q q 0 0 0 rg BT 258.01 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.66 300.10 Td (we ) Tj ET Q q 0 0 0 rg BT 288.53 300.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 316.84 300.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 359.04 300.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 385.13 300.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.11 300.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.76 300.10 Td (cancelled ) Tj ET Q q 0 0 0 rg BT 446.72 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.71 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.14 300.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 499.73 300.10 Td (In ) Tj ET Q q 0 0 0 rg BT 510.27 300.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 533.58 300.10 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 288.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 80.89 288.10 Td (have ) Tj ET Q q 0 0 0 rg BT 102.78 288.10 Td (been ) Tj ET Q q 0 0 0 rg BT 124.67 288.10 Td (cancelled, ) Tj ET Q q 0 0 0 rg BT 167.93 288.10 Td (we ) Tj ET Q q 0 0 0 rg BT 182.60 288.10 Td (have ) Tj ET Q q 0 0 0 rg BT 204.49 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.72 288.10 Td (right ) Tj ET Q q 0 0 0 rg BT 241.62 288.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.41 288.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 280.96 288.10 Td (our ) Tj ET Q q 0 0 0 rg BT 297.30 288.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 357.52 288.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 385.52 288.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.20 288.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 435.97 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.32 288.10 Td (those ) Tj ET Q q 0 0 0 rg BT 471.44 288.10 Td (aircraft; ) Tj ET Q q 0 0 0 rg BT 506.09 288.10 Td (nevertheless, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 276.10 Td (these ) Tj ET Q q 0 0 0 rg BT 76.60 276.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 98.64 276.10 Td (cancellations ) Tj ET Q q 0 0 0 rg BT 152.89 276.10 Td (may ) Tj ET Q q 0 0 0 rg BT 172.16 276.10 Td (have ) Tj ET Q q 0 0 0 rg BT 193.08 276.10 Td (an ) Tj ET Q q 0 0 0 rg BT 204.58 276.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 237.16 276.10 Td (ef) Tj ET Q q 0 0 0 rg BT 244.75 276.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 261.79 276.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.84 276.10 Td (our ) Tj ET Q q 0 0 0 rg BT 289.22 276.10 Td (future ) Tj ET Q q 0 0 0 rg BT 315.15 276.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 334.97 276.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 359.25 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.74 276.10 Td (results ) Tj ET Q q 0 0 0 rg BT 403.90 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.28 276.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 460.49 276.10 Td (which ) Tj ET Q q 0 0 0 rg BT 486.98 276.10 Td (could ) Tj ET Q q 0 0 0 rg BT 511.25 276.10 Td (be ) Tj ET Q q 0 0 0 rg BT 522.74 276.10 Td (material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 276.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 255.10 Td (During ) Tj ET Q q 0 0 0 rg BT 107.33 255.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.05 255.10 Td (three ) Tj ET Q q 0 0 0 rg BT 144.53 255.10 Td (months ) Tj ET Q q 0 0 0 rg BT 176.48 255.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.86 255.10 Td (March ) Tj ET Q q 0 0 0 rg BT 231.46 255.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 246.46 255.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.46 255.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.46 255.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.62 255.10 Td (had ) Tj ET Q q 0 0 0 rg BT 302.55 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.27 255.10 Td (following ) Tj ET Q q 0 0 0 rg BT 358.66 255.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 391.15 255.10 Td (related ) Tj ET Q q 0 0 0 rg BT 420.85 255.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.13 255.10 Td (flight ) Tj ET Q q 0 0 0 rg BT 455.29 255.10 Td (equipment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 215.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 215.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 215.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 215.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 215.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 215.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 215.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 215.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 185.60 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 185.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 185.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 185.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 185.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 185.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 185.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 185.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 155.60 228.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 155.60 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 155.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 155.60 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 155.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 155.60 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 155.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 155.60 66.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 215.60000000000002 m 348.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 215.60000000000002 m 418.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 215.60000000000002 m 488.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 215.60000000000002 m 558.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 215.60000000000002 m 348.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 215.60000000000002 m 418.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 215.60000000000002 m 488.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 215.60000000000002 m 558.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 130.60000000000002 m 348.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 130.60000000000002 m 418.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 130.60000000000002 m 488.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 130.60000000000002 m 558.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 130.60000000000002 m 348.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 117.60000000000002 m 348.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 115.60000000000002 m 348.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 130.60000000000002 m 418.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 117.60000000000002 m 418.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 115.60000000000002 m 418.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 130.60000000000002 m 488.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 117.60000000000002 m 488.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 115.60000000000002 m 488.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 130.60000000000002 m 558.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 117.60000000000002 m 558.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 115.60000000000002 m 558.5 115.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.70 235.83 Td (Held for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.55 227.83 Td (operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.20 219.83 Td (leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.00 235.83 Td (Net investment in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.10 227.83 Td (finance and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.55 219.83 Td (sales-type leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.70 227.83 Td (Held for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.55 219.83 Td (sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.25 235.83 Td (T) Tj ET Q q 0 0 0 rg BT 520.85 235.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.85 227.83 Td (owned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.95 219.83 Td (air) Tj ET Q q 0 0 0 rg BT 521.58 219.83 Td (craft) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 205.27 Td (Number of owned aircraft at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 205.27 Td (848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 205.27 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 205.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 205.27 Td (939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 190.27 Td (Aircraft purchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 190.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 190.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 190.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 190.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 175.27 Td (Aircraft reclassified to held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 175.32 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 175.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 175.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 175.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 175.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 160.27 Td (Aircraft sold or designated for part-out) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 160.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 160.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 160.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 160.32 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 160.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.30 160.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 160.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 146.17 Td (Aircraft reclassified to net investment in finance and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 136.17 Td (sales-type leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 135.32 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 135.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 135.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 135.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 135.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 121.28 Td (Number) Tj ET Q q 0 0 0 rg BT 92.37 121.28 Td ( of owned air) Tj ET Q q 0 0 0 rg BT 148.02 121.28 Td (craft at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.65 121.28 Td (842) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.65 121.28 Td (79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 121.28 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.65 121.28 Td (934) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (36) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 89.26 731.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 138.43 731.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 172.60 731.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.22 731.25 Td (estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 710.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.13 710.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 148.97 710.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 188.26 710.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 234.22 710.25 Td (are ) Tj ET Q q 0 0 0 rg BT 248.50 710.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 285.55 710.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.40 710.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 342.43 710.25 Td (with ) Tj ET Q q 0 0 0 rg BT 362.29 710.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 382.14 710.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 408.26 710.25 Td (, ) Tj ET Q q 0 0 0 rg BT 412.84 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.35 710.25 Td (require ) Tj ET Q q 0 0 0 rg BT 459.74 710.25 Td (us ) Tj ET Q q 0 0 0 rg BT 470.71 710.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.56 710.25 Td (make ) Tj ET Q q 0 0 0 rg BT 504.29 710.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 543.57 710.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 698.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 106.53 698.25 Td (that ) Tj ET Q q 0 0 0 rg BT 124.60 698.25 Td (af) Tj ET Q q 0 0 0 rg BT 132.19 698.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 150.25 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.55 698.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 202.51 698.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 238.91 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 249.76 698.25 Td (our ) Tj ET Q q 0 0 0 rg BT 266.17 698.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 322.02 698.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 362.32 698.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 409.28 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.79 698.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 488.18 698.25 Td (notes. ) Tj ET Q q 0 0 0 rg BT 514.65 698.25 Td (The ) Tj ET Q q 0 0 0 rg BT 533.27 698.25 Td (use ) Tj ET Q q 0 0 0 rg BT 549.68 698.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 93.61 686.25 Td (is ) Tj ET Q q 0 0 0 rg BT 102.69 686.25 Td (or ) Tj ET Q q 0 0 0 rg BT 113.42 686.25 Td (could ) Tj ET Q q 0 0 0 rg BT 138.04 686.25 Td (be ) Tj ET Q q 0 0 0 rg BT 149.88 686.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.72 686.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 201.33 686.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 227.05 686.25 Td (af) Tj ET Q q 0 0 0 rg BT 234.64 686.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 264.81 686.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.42 686.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 315.14 686.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 351.43 686.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.16 686.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 390.40 686.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 432.52 686.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 472.96 686.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 513.96 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 530.80 686.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 101.75 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.38 674.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 158.90 674.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 185.54 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.29 674.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 246.08 674.25 Td (W) Tj ET Q q 0 0 0 rg BT 254.71 674.25 Td (e ) Tj ET Q q 0 0 0 rg BT 262.46 674.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 299.08 674.25 Td (our ) Tj ET Q q 0 0 0 rg BT 315.72 674.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 356.24 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.98 674.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 429.24 674.25 Td (including ) Tj ET Q q 0 0 0 rg BT 470.32 674.25 Td (those ) Tj ET Q q 0 0 0 rg BT 494.74 674.25 Td (related ) Tj ET Q q 0 0 0 rg BT 525.25 674.25 Td (to ) Tj ET Q q 0 0 0 rg BT 536.33 674.25 Td (flight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 101.32 662.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 123.91 662.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 160.65 662.25 Td (net ) Tj ET Q q 0 0 0 rg BT 175.48 662.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 195.30 662.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.90 662.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 229.94 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.88 662.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 269.31 662.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 285.79 662.25 Td (value ) Tj ET Q q 0 0 0 rg BT 310.05 662.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 352.37 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.41 662.25 Td (income ) Tj ET Q q 0 0 0 rg BT 401.45 662.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 427.10 662.25 Td (on ) Tj ET Q q 0 0 0 rg BT 439.70 662.25 Td (a ) Tj ET Q q 0 0 0 rg BT 446.74 662.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 485.99 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.04 662.25 Td (non-recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 78.87 650.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 96.79 650.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 136.38 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.18 650.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 205.00 650.25 Td (are ) Tj ET Q q 0 0 0 rg BT 219.58 650.25 Td (based ) Tj ET Q q 0 0 0 rg BT 244.72 650.25 Td (on ) Tj ET Q q 0 0 0 rg BT 257.09 650.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 296.67 650.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 346.24 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.05 650.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 401.51 650.25 Td (available ) Tj ET Q q 0 0 0 rg BT 439.97 650.25 Td (information ) Tj ET Q q 0 0 0 rg BT 489.55 650.25 Td (that ) Tj ET Q q 0 0 0 rg BT 506.92 650.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 638.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 90.18 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.38 638.25 Td (be ) Tj ET Q q 0 0 0 rg BT 114.24 638.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 160.42 638.25 Td (under ) Tj ET Q q 0 0 0 rg BT 186.60 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.24 638.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 264.05 638.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 294.12 638.25 Td (results ) Tj ET Q q 0 0 0 rg BT 323.65 638.25 Td (may ) Tj ET Q q 0 0 0 rg BT 344.29 638.25 Td (dif) Tj ET Q q 0 0 0 rg BT 355.22 638.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 369.74 638.25 Td (from ) Tj ET Q q 0 0 0 rg BT 392.60 638.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.35 638.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 449.98 638.25 Td (under ) Tj ET Q q 0 0 0 rg BT 476.17 638.25 Td (dif) Tj ET Q q 0 0 0 rg BT 487.10 638.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 513.83 638.25 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.25 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 100.91 626.25 Td (materially) Tj ET Q q 0 0 0 rg BT 140.80 626.25 Td (. ) Tj ET Q q 0 0 0 rg BT 146.52 626.25 Td (A) Tj ET Q q 0 0 0 rg BT 153.19 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.33 626.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 198.68 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.15 626.25 Td (our ) Tj ET Q q 0 0 0 rg BT 228.61 626.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 274.96 626.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 322.97 626.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 358.21 626.25 Td (is ) Tj ET Q q 0 0 0 rg BT 369.01 626.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 411.47 626.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.38 626.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 446.96 626.25 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.96 626.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 503.87 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.78 626.25 Td (significant ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 614.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 100.65 614.25 Td (policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.97 614.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.97 614.25 Td (our ) Tj ET Q q 0 0 0 rg BT 159.02 614.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 190.68 614.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 220.11 614.25 Td (on ) Tj ET Q q 0 0 0 rg BT 232.33 614.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 256.22 614.25 Td (20-F ) Tj ET Q q 0 0 0 rg BT 277.32 614.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.20 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.63 614.25 Td (year ) Tj ET Q q 0 0 0 rg BT 325.06 614.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 614.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 409.45 614.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.45 614.25 Td (, ) Tj ET Q q 0 0 0 rg BT 434.17 614.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 454.71 614.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.71 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.14 614.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 509.70 614.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.91 614.25 Td (March5, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 602.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 602.25 Td (. ) Tj ET Q q 0 0 0 rg BT 78.36 602.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 110.21 602.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 155.94 602.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 188.91 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.21 602.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 244.28 602.25 Td (are ) Tj ET Q q 0 0 0 rg BT 258.35 602.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 290.19 602.25 Td (as ) Tj ET Q q 0 0 0 rg BT 300.38 602.25 Td (those ) Tj ET Q q 0 0 0 rg BT 323.35 602.25 Td (that ) Tj ET Q q 0 0 0 rg BT 340.21 602.25 Td (are ) Tj ET Q q 0 0 0 rg BT 354.27 602.25 Td (both ) Tj ET Q q 0 0 0 rg BT 373.91 602.25 Td (most ) Tj ET Q q 0 0 0 rg BT 395.22 602.25 Td (important ) Tj ET Q q 0 0 0 rg BT 435.96 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.60 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.68 602.25 Td (portrayal ) Tj ET Q q 0 0 0 rg BT 497.63 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.82 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 523.01 602.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 590.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 94.27 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.21 590.25 Td (results ) Tj ET Q q 0 0 0 rg BT 139.82 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.65 590.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.81 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.74 590.25 Td (that ) Tj ET Q q 0 0 0 rg BT 229.24 590.25 Td (require ) Tj ET Q q 0 0 0 rg BT 260.05 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.88 590.25 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 322.55 590.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 362.26 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.20 590.25 Td (assumptions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (Event-driven impairment assessments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 548.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 548.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.37 548.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 127.37 548.25 Td (event-driven ) Tj ET Q q 0 0 0 rg BT 180.69 548.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 229.58 548.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 280.70 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.83 548.25 Td (our ) Tj ET Q q 0 0 0 rg BT 307.95 548.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 339.60 548.25 Td (held ) Tj ET Q q 0 0 0 rg BT 359.61 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.06 548.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 414.62 548.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 441.29 548.25 Td (each ) Tj ET Q q 0 0 0 rg BT 462.40 548.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 490.16 548.25 Td (. ) Tj ET Q q 0 0 0 rg BT 495.25 548.25 Td (These ) Tj ET Q q 0 0 0 rg BT 521.92 548.25 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 536.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 102.60 536.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 153.43 536.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 193.14 536.25 Td (result ) Tj ET Q q 0 0 0 rg BT 217.86 536.25 Td (from ) Tj ET Q q 0 0 0 rg BT 239.80 536.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 277.29 536.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 308.65 536.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 326.70 536.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 376.96 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 387.79 536.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 419.15 536.25 Td (repossessions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 515.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 95.30 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.21 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.56 515.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 159.47 515.25 Td (outbreak, ) Tj ET Q q 0 0 0 rg BT 199.10 515.25 Td (many ) Tj ET Q q 0 0 0 rg BT 223.45 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.91 515.25 Td (our ) Tj ET Q q 0 0 0 rg BT 249.38 515.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 277.06 515.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 319.74 515.25 Td (have ) Tj ET Q q 0 0 0 rg BT 340.75 515.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 392.88 515.25 Td (curtailed ) Tj ET Q q 0 0 0 rg BT 429.99 515.25 Td (their ) Tj ET Q q 0 0 0 rg BT 450.45 515.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 499.78 515.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 543.57 515.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 503.25 Td (are ) Tj ET Q q 0 0 0 rg BT 68.64 503.25 Td (under ) Tj ET Q q 0 0 0 rg BT 93.84 503.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 138.48 503.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.89 503.25 Td (stress, ) Tj ET Q q 0 0 0 rg BT 203.05 503.25 Td (which ) Tj ET Q q 0 0 0 rg BT 229.92 503.25 Td (could ) Tj ET Q q 0 0 0 rg BT 254.57 503.25 Td (result ) Tj ET Q q 0 0 0 rg BT 279.21 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.42 503.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 311.84 503.25 Td (defaults, ) Tj ET Q q 0 0 0 rg BT 348.43 503.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 370.85 503.25 Td (terminations ) Tj ET Q q 0 0 0 rg BT 423.27 503.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.14 503.25 Td (related ) Tj ET Q q 0 0 0 rg BT 469.77 503.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 501.07 503.25 Td (repossessions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 491.25 Td (The ) Tj ET Q q 0 0 0 rg BT 72.62 491.25 Td (future ) Tj ET Q q 0 0 0 rg BT 99.57 491.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 120.41 491.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 145.70 491.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 191.55 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.84 491.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 243.22 491.25 Td (value ) Tj ET Q q 0 0 0 rg BT 267.95 491.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.35 491.25 Td (our ) Tj ET Q q 0 0 0 rg BT 295.75 491.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 327.69 491.25 Td (are ) Tj ET Q q 0 0 0 rg BT 342.96 491.25 Td (based ) Tj ET Q q 0 0 0 rg BT 368.80 491.25 Td (on ) Tj ET Q q 0 0 0 rg BT 381.88 491.25 Td (current ) Tj ET Q q 0 0 0 rg BT 413.26 491.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 436.32 491.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 475.48 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.99 491.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.40 491.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 549.68 491.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 479.25 Td (future ) Tj ET Q q 0 0 0 rg BT 80.44 479.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 102.99 479.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 126.93 479.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 153.93 479.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 175.38 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.38 479.25 Td (residual ) Tj ET Q q 0 0 0 rg BT 226.60 479.25 Td (values ) Tj ET Q q 0 0 0 rg BT 254.71 479.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.94 479.25 Td (these ) Tj ET Q q 0 0 0 rg BT 292.05 479.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 325.41 479.25 Td (As ) Tj ET Q q 0 0 0 rg BT 339.08 479.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.09 479.25 Td (result ) Tj ET Q q 0 0 0 rg BT 370.87 479.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.76 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.54 479.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 436.88 479.25 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 474.43 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.43 479.25 Td (its ) Tj ET Q q 0 0 0 rg BT 503.44 479.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 533.22 479.25 Td (on ) Tj ET Q q 0 0 0 rg BT 545.78 479.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td (aviation ) Tj ET Q q 0 0 0 rg BT 88.28 467.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 123.13 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.63 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.92 467.25 Td (global ) Tj ET Q q 0 0 0 rg BT 180.98 467.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 221.92 467.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 277.03 467.25 Td (there ) Tj ET Q q 0 0 0 rg BT 299.08 467.25 Td (is ) Tj ET Q q 0 0 0 rg BT 307.82 467.25 Td (more ) Tj ET Q q 0 0 0 rg BT 330.44 467.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 377.48 467.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 417.87 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.15 467.25 Td (future ) Tj ET Q q 0 0 0 rg BT 458.10 467.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 477.93 467.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 502.22 467.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 534.83 467.25 Td (to ) Tj ET Q q 0 0 0 rg BT 544.68 467.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 455.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 87.70 455.25 Td (A) Tj ET Q q 0 0 0 rg BT 94.37 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.38 455.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 138.15 455.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.93 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.15 455.25 Td (future ) Tj ET Q q 0 0 0 rg BT 191.04 455.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 229.57 455.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.35 455.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 275.58 455.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 309.12 455.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.91 455.25 Td (our ) Tj ET Q q 0 0 0 rg BT 336.24 455.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 368.11 455.25 Td (could ) Tj ET Q q 0 0 0 rg BT 393.33 455.25 Td (result ) Tj ET Q q 0 0 0 rg BT 418.55 455.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.34 455.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 478.44 455.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 505.34 455.25 Td (that ) Tj ET Q q 0 0 0 rg BT 523.34 455.25 Td (could ) Tj ET Q q 0 0 0 rg BT 548.56 455.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 443.25 Td (material ) Tj ET Q q 0 0 0 rg BT 89.26 443.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.54 443.25 Td (our ) Tj ET Q q 0 0 0 rg BT 115.37 443.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.85 443.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 422.25 Td (In ) Tj ET Q q 0 0 0 rg BT 87.15 422.25 Td (particular) Tj ET Q q 0 0 0 rg BT 125.06 422.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.89 422.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 161.08 422.25 Td (that ) Tj ET Q q 0 0 0 rg BT 178.39 422.25 Td (are ) Tj ET Q q 0 0 0 rg BT 192.93 422.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 205.25 422.25 Td (years ) Tj ET Q q 0 0 0 rg BT 228.67 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.33 422.25 Td (age ) Tj ET Q q 0 0 0 rg BT 255.53 422.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.18 422.25 Td (older ) Tj ET Q q 0 0 0 rg BT 289.05 422.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.58 422.25 Td (more ) Tj ET Q q 0 0 0 rg BT 326.46 422.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 369.87 422.25 Td (on ) Tj ET Q q 0 0 0 rg BT 382.20 422.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.29 422.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 426.84 422.25 Td (related ) Tj ET Q q 0 0 0 rg BT 456.36 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.47 422.25 Td (current ) Tj ET Q q 0 0 0 rg BT 497.11 422.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 519.42 422.25 Td (contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.60 410.25 Td (these ) Tj ET Q q 0 0 0 rg BT 93.31 410.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 119.35 410.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.72 410.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 173.09 410.25 Td (more ) Tj ET Q q 0 0 0 rg BT 195.80 410.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 232.96 410.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.90 410.25 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 291.71 410.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.65 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.03 410.25 Td (global ) Tj ET Q q 0 0 0 rg BT 343.19 410.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 384.22 410.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 436.93 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.53 410.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.47 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.85 410.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 507.23 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.72 410.25 Td (Covid-19. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 389.25 Td (If ) Tj ET Q q 0 0 0 rg BT 86.08 389.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 112.87 389.25 Td (for ) Tj ET Q q 0 0 0 rg BT 127.44 389.25 Td (these ) Tj ET Q q 0 0 0 rg BT 150.90 389.25 Td (older ) Tj ET Q q 0 0 0 rg BT 174.37 389.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 206.14 389.25 Td (are ) Tj ET Q q 0 0 0 rg BT 221.27 389.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 266.94 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.29 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.42 389.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 331.20 389.25 Td (are ) Tj ET Q q 0 0 0 rg BT 346.32 389.25 Td (repossessed, ) Tj ET Q q 0 0 0 rg BT 398.95 389.25 Td (this ) Tj ET Q q 0 0 0 rg BT 416.31 389.25 Td (could ) Tj ET Q q 0 0 0 rg BT 441.45 389.25 Td (have ) Tj ET Q q 0 0 0 rg BT 463.24 389.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.59 389.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 507.38 389.25 Td (ef) Tj ET Q q 0 0 0 rg BT 514.97 389.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 532.87 389.25 Td (on ) Tj ET Q q 0 0 0 rg BT 545.78 389.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td (future ) Tj ET Q q 0 0 0 rg BT 80.43 377.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.76 377.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 125.54 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.42 377.25 Td (these ) Tj ET Q q 0 0 0 rg BT 159.52 377.25 Td (older ) Tj ET Q q 0 0 0 rg BT 182.63 377.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 214.05 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.04 377.25 Td (could ) Tj ET Q q 0 0 0 rg BT 255.81 377.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 280.58 377.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 329.23 377.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 358.18 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.17 377.25 Td (these ) Tj ET Q q 0 0 0 rg BT 398.28 377.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 424.73 377.25 Td (could ) Tj ET Q q 0 0 0 rg BT 449.50 377.25 Td (be ) Tj ET Q q 0 0 0 rg BT 461.49 377.25 Td (material ) Tj ET Q q 0 0 0 rg BT 496.81 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.14 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 523.03 377.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td (results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 344.25 Td (As ) Tj ET Q q 0 0 0 rg BT 90.94 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.59 344.25 Td (March ) Tj ET Q q 0 0 0 rg BT 132.01 344.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 147.83 344.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 173.66 344.25 Td (we ) Tj ET Q q 0 0 0 rg BT 188.64 344.25 Td (had ) Tj ET Q q 0 0 0 rg BT 206.40 344.25 Td (182 ) Tj ET Q q 0 0 0 rg BT 224.72 344.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 256.91 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 275.23 344.25 Td (are ) Tj ET Q q 0 0 0 rg BT 290.76 344.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 304.08 344.25 Td (years ) Tj ET Q q 0 0 0 rg BT 328.50 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.15 344.25 Td (age ) Tj ET Q q 0 0 0 rg BT 357.35 344.25 Td (or ) Tj ET Q q 0 0 0 rg BT 369.00 344.25 Td (older) Tj ET Q q 0 0 0 rg BT 389.15 344.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.97 344.25 Td (with ) Tj ET Q q 0 0 0 rg BT 416.08 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 428.84 344.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 470.29 344.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 495.83 344.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 524.71 344.25 Td (value ) Tj ET Q q 0 0 0 rg BT 549.69 344.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 113.16 332.25 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 132.07 332.25 Td (billion; ) Tj ET Q q 0 0 0 rg BT 162.37 332.25 Td (this ) Tj ET Q q 0 0 0 rg BT 178.22 332.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 225.71 332.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 284.87 332.25 Td (6% ) Tj ET Q q 0 0 0 rg BT 299.61 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.34 332.25 Td (our ) Tj ET Q q 0 0 0 rg BT 324.08 332.25 Td (total ) Tj ET Q q 0 0 0 rg BT 343.26 332.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 366.33 332.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 409.95 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.79 332.25 Td (lease-related ) Tj ET Q q 0 0 0 rg BT 477.71 332.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 502.45 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.29 332.25 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.25 Td (Aircraft ) Tj ET Q q 0 0 0 rg BT 88.17 320.25 Td (that ) Tj ET Q q 0 0 0 rg BT 105.70 320.25 Td (are ) Tj ET Q q 0 0 0 rg BT 120.43 320.25 Td (between ) Tj ET Q q 0 0 0 rg BT 156.28 320.25 Td (five ) Tj ET Q q 0 0 0 rg BT 174.35 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.32 320.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 203.85 320.25 Td (years ) Tj ET Q q 0 0 0 rg BT 227.47 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.33 320.25 Td (age ) Tj ET Q q 0 0 0 rg BT 254.74 320.25 Td (where ) Tj ET Q q 0 0 0 rg BT 281.69 320.25 Td (future ) Tj ET Q q 0 0 0 rg BT 308.10 320.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.40 320.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 353.15 320.25 Td (do ) Tj ET Q q 0 0 0 rg BT 365.67 320.25 Td (not ) Tj ET Q q 0 0 0 rg BT 380.98 320.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 411.26 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.01 320.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 457.40 320.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 493.24 320.25 Td (value ) Tj ET Q q 0 0 0 rg BT 517.43 320.25 Td (by ) Tj ET Q q 0 0 0 rg BT 529.96 320.25 Td (at ) Tj ET Q q 0 0 0 rg BT 539.70 320.25 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 308.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 75.17 308.25 Td (are ) Tj ET Q q 0 0 0 rg BT 90.21 308.25 Td (also ) Tj ET Q q 0 0 0 rg BT 109.15 308.25 Td (more ) Tj ET Q q 0 0 0 rg BT 132.54 308.25 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 179.81 308.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.42 308.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 239.35 308.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 259.06 308.25 Td (As ) Tj ET Q q 0 0 0 rg BT 273.01 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.18 308.25 Td (March ) Tj ET Q q 0 0 0 rg BT 313.11 308.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 328.45 308.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 353.79 308.25 Td (two ) Tj ET Q q 0 0 0 rg BT 371.62 308.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 403.32 308.25 Td (with ) Tj ET Q q 0 0 0 rg BT 423.93 308.25 Td (an ) Tj ET Q q 0 0 0 rg BT 435.58 308.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 460.64 308.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 489.03 308.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 525.18 308.25 Td (value ) Tj ET Q q 0 0 0 rg BT 549.67 308.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 296.25 Td ($155 ) Tj ET Q q 0 0 0 rg BT 76.22 296.25 Td (million ) Tj ET Q q 0 0 0 rg BT 107.33 296.25 Td (did ) Tj ET Q q 0 0 0 rg BT 122.33 296.25 Td (not ) Tj ET Q q 0 0 0 rg BT 137.33 296.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 167.31 296.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.86 296.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 203.41 296.25 Td (threshold, ) Tj ET Q q 0 0 0 rg BT 245.34 296.25 Td (which ) Tj ET Q q 0 0 0 rg BT 272.00 296.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 320.31 296.25 Td (less ) Tj ET Q q 0 0 0 rg BT 337.53 296.25 Td (than ) Tj ET Q q 0 0 0 rg BT 356.97 296.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 372.52 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.07 296.25 Td (our ) Tj ET Q q 0 0 0 rg BT 398.62 296.25 Td (total ) Tj ET Q q 0 0 0 rg BT 418.61 296.25 Td (flight ) Tj ET Q q 0 0 0 rg BT 442.50 296.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 486.93 296.25 Td (held ) Tj ET Q q 0 0 0 rg BT 506.37 296.25 Td (for ) Tj ET Q q 0 0 0 rg BT 520.25 296.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 284.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 80.38 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.32 284.25 Td (lease-related ) Tj ET Q q 0 0 0 rg BT 150.33 284.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 176.16 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.10 284.25 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 263.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 101.94 263.25 Td (definite-lived ) Tj ET Q q 0 0 0 rg BT 158.48 263.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 201.15 263.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 227.15 263.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 257.60 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.60 263.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 307.93 263.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 361.71 263.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 399.36 263.25 Td (at ) Tj ET Q q 0 0 0 rg BT 409.25 263.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 425.80 263.25 Td (value ) Tj ET Q q 0 0 0 rg BT 450.13 263.25 Td (when ) Tj ET Q q 0 0 0 rg BT 474.46 263.25 Td (we ) Tj ET Q q 0 0 0 rg BT 488.79 263.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 525.89 263.25 Td (ILFC ) Tj ET Q q 0 0 0 rg BT 550.24 263.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 251.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 79.46 251.25 Td (These ) Tj ET Q q 0 0 0 rg BT 106.53 251.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 149.71 251.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 176.24 251.25 Td (are ) Tj ET Q q 0 0 0 rg BT 191.64 251.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 234.81 251.25 Td (over ) Tj ET Q q 0 0 0 rg BT 255.77 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.18 251.25 Td (period ) Tj ET Q q 0 0 0 rg BT 299.92 251.25 Td (during ) Tj ET Q q 0 0 0 rg BT 329.22 251.25 Td (which ) Tj ET Q q 0 0 0 rg BT 356.85 251.25 Td (we ) Tj ET Q q 0 0 0 rg BT 371.70 251.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 400.99 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.96 251.25 Td (derive ) Tj ET Q q 0 0 0 rg BT 440.14 251.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 482.20 251.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 517.05 251.25 Td (from ) Tj ET Q q 0 0 0 rg BT 539.68 251.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 239.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 81.70 239.25 Td (The ) Tj ET Q q 0 0 0 rg BT 99.27 239.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 151.83 239.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 186.05 239.25 Td (is ) Tj ET Q q 0 0 0 rg BT 194.74 239.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 231.73 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227.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 331.14 227.25 Td (that ) Tj ET Q q 0 0 0 rg BT 347.75 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.58 227.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 396.50 227.25 Td (value ) Tj ET Q q 0 0 0 rg BT 419.77 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.72 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.54 227.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 464.60 227.25 Td (may ) Tj ET Q q 0 0 0 rg BT 483.43 227.25 Td (not ) Tj ET Q q 0 0 0 rg BT 497.82 227.25 Td (be ) Tj ET Q q 0 0 0 rg BT 508.87 227.25 Td (recoverable.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (37) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Operating Lease Collectability ) Tj ET Q q 0 0 0 rg BT 186.49 731.25 Td (Assessments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 710.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 710.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.08 710.25 Td (periodically ) Tj ET Q q 0 0 0 rg BT 140.34 710.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 175.15 710.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.86 710.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 242.57 710.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.40 710.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.23 710.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 306.49 710.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 327.98 710.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 367.80 710.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.08 710.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 418.56 710.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.28 710.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 479.31 710.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 512.46 710.25 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.54 698.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 127.96 698.25 Td (model ) Tj ET Q q 0 0 0 rg BT 156.05 698.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.93 698.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 192.25 698.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.14 698.25 Td (each ) Tj ET Q q 0 0 0 rg BT 224.55 698.25 Td (lessee. ) Tj ET Q q 0 0 0 rg BT 253.81 698.25 Td (W) Tj ET Q q 0 0 0 rg BT 262.45 698.25 Td (e ) Tj ET Q q 0 0 0 rg BT 269.99 698.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 294.74 698.25 Td (accrual-based ) Tj ET Q q 0 0 0 rg BT 352.80 698.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 387.55 698.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 436.20 698.25 Td (on ) Tj ET Q q 0 0 0 rg BT 449.30 698.25 Td (an ) Tj ET Q q 0 0 0 rg BT 461.84 698.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 502.71 698.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 525.79 698.25 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (when ) Tj ET Q q 0 0 0 rg BT 77.84 686.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.24 686.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 133.85 686.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.36 686.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.76 686.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 183.71 686.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 224.21 686.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.06 686.25 Td (no ) Tj ET Q q 0 0 0 rg BT 245.25 686.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 272.97 686.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 310.14 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.76 686.25 Td (we ) Tj ET Q q 0 0 0 rg BT 340.60 686.25 Td (then ) Tj ET Q q 0 0 0 rg BT 360.00 686.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 401.05 686.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 425.99 686.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 463.71 686.25 Td (using ) Tj ET Q q 0 0 0 rg BT 487.56 686.25 Td (a ) Tj ET Q q 0 0 0 rg BT 494.18 686.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.13 686.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.25 Td (method ) Tj ET Q q 0 0 0 rg BT 86.48 674.25 Td (\(Cash ) Tj ET Q q 0 0 0 rg BT 116.19 674.25 Td (Accounting\). ) Tj ET Q q 0 0 0 rg BT 175.60 674.25 Td (In ) Tj ET Q q 0 0 0 rg BT 186.41 674.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.11 674.25 Td (period ) Tj ET Q q 0 0 0 rg BT 229.15 674.25 Td (we ) Tj ET Q q 0 0 0 rg BT 243.29 674.25 Td (conclude ) Tj ET Q q 0 0 0 rg BT 281.87 674.25 Td (that ) Tj ET Q q 0 0 0 rg BT 299.35 674.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 341.26 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.08 674.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 374.55 674.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 415.36 674.25 Td (is ) Tj ET Q q 0 0 0 rg BT 424.52 674.25 Td (no ) Tj ET Q q 0 0 0 rg BT 437.00 674.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 465.03 674.25 Td (probable, ) Tj ET Q q 0 0 0 rg BT 505.00 674.25 Td (we ) Tj ET Q q 0 0 0 rg BT 519.15 674.25 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.25 Td (any ) Tj ET Q q 0 0 0 rg BT 71.18 662.25 Td (dif) Tj ET Q q 0 0 0 rg BT 82.11 662.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 114.27 662.25 Td (between ) Tj ET Q q 0 0 0 rg BT 150.33 662.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 184.71 662.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 221.34 662.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 267.95 662.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.47 662.25 Td (date ) Tj ET Q q 0 0 0 rg BT 297.87 662.25 Td (under ) Tj ET Q q 0 0 0 rg BT 323.38 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.34 662.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 369.95 662.25 Td (method ) Tj ET Q q 0 0 0 rg BT 402.68 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.87 662.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 460.93 662.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.67 662.25 Td (have ) Tj ET Q q 0 0 0 rg BT 500.29 662.25 Td (been ) Tj ET Q q 0 0 0 rg BT 521.91 662.25 Td (collected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.25 Td (from ) Tj ET Q q 0 0 0 rg BT 76.76 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.30 650.25 Td (lessee, ) Tj ET Q q 0 0 0 rg BT 121.99 650.25 Td (including ) Tj ET Q q 0 0 0 rg BT 163.09 650.25 Td (security ) Tj ET Q q 0 0 0 rg BT 198.06 650.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 230.27 650.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 267.48 650.25 Td (held, ) Tj ET Q q 0 0 0 rg BT 290.51 650.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.16 650.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.92 650.25 Td (current ) Tj ET Q q 0 0 0 rg BT 341.56 650.25 Td (period ) Tj ET Q q 0 0 0 rg BT 370.43 650.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 417.63 650.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.73 650.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 452.03 650.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 487.29 650.25 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 540.52 650.25 Td (, ) Tj ET Q q 0 0 0 rg BT 546.34 650.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 638.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 95.60 638.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 133.87 638.25 Td (based ) Tj ET Q q 0 0 0 rg BT 159.38 638.25 Td (on ) Tj ET Q q 0 0 0 rg BT 172.11 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.06 638.25 Td (lesser ) Tj ET Q q 0 0 0 rg BT 212.57 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.63 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.59 638.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 289.64 638.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 315.14 638.25 Td (income ) Tj ET Q q 0 0 0 rg BT 347.31 638.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.38 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.33 638.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 396.05 638.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 437.11 638.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 475.94 638.25 Td (from ) Tj ET Q q 0 0 0 rg BT 498.11 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.06 638.25 Td (lessee ) Tj ET Q q 0 0 0 rg BT 539.68 638.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.25 Td (such ) Tj ET Q q 0 0 0 rg BT 74.83 626.25 Td (time ) Tj ET Q q 0 0 0 rg BT 95.10 626.25 Td (that ) Tj ET Q q 0 0 0 rg BT 112.60 626.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 154.53 626.25 Td (is ) Tj ET Q q 0 0 0 rg BT 163.70 626.25 Td (probable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.68 626.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 605.25 Td (During ) Tj ET Q q 0 0 0 rg BT 107.45 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.29 605.25 Td (three ) Tj ET Q q 0 0 0 rg BT 144.90 605.25 Td (months ) Tj ET Q q 0 0 0 rg BT 176.97 605.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 203.47 605.25 Td (March ) Tj ET Q q 0 0 0 rg BT 232.19 605.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.31 605.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 272.43 605.25 Td (we ) Tj ET Q q 0 0 0 rg BT 286.71 605.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 330.43 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 348.05 605.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 390.10 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.05 605.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 426.44 605.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 467.38 605.25 Td (was ) Tj ET Q q 0 0 0 rg BT 485.56 605.25 Td (not ) Tj ET Q q 0 0 0 rg BT 500.96 605.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 538.57 605.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (several ) Tj ET Q q 0 0 0 rg BT 84.16 593.25 Td (lessees, ) Tj ET Q q 0 0 0 rg BT 116.27 593.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 153.11 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.74 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 169.02 593.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 208.63 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.80 593.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 241.19 593.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 263.02 593.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 287.63 593.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 325.01 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.19 593.25 Td ($16.2 ) Tj ET Q q 0 0 0 rg BT 359.53 593.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 392.36 593.25 Td (As ) Tj ET Q q 0 0 0 rg BT 405.32 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.50 593.25 Td (March ) Tj ET Q q 0 0 0 rg BT 443.44 593.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 457.78 593.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 482.13 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.19 593.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 524.69 593.25 Td (straight-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (line ) Tj ET Q q 0 0 0 rg BT 71.59 581.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 96.96 581.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 133.44 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 158.81 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.74 581.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 201.22 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 221.59 581.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 249.73 581.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 292.88 581.25 Td (on ) Tj ET Q q 0 0 0 rg BT 305.48 581.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 327.50 581.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 376.76 581.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 416.00 581.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 476.36 581.25 Td (4% ) Tj ET Q q 0 0 0 rg BT 492.29 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.22 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 519.15 581.25 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 94.82 569.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 117.30 569.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 153.76 569.25 Td (The ) Tj ET Q q 0 0 0 rg BT 171.80 569.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.29 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.11 569.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 238.16 569.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 260.64 569.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 294.78 569.25 Td (we ) Tj ET Q q 0 0 0 rg BT 308.93 569.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 350.29 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.56 569.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 383.06 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 397.21 569.25 Td (lessees ) Tj ET Q q 0 0 0 rg BT 427.48 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 439.97 569.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 461.92 569.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 511.07 569.25 Td (will ) Tj ET Q q 0 0 0 rg BT 529.12 569.25 Td (depend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (on ) Tj ET Q q 0 0 0 rg BT 66.50 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.22 557.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 113.71 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.54 557.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.81 557.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 185.64 557.25 Td (we ) Tj ET Q q 0 0 0 rg BT 199.80 557.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 231.16 557.25 Td (during ) Tj ET Q q 0 0 0 rg BT 259.77 557.25 Td (2020.) 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0 J 0 j 3 M 290.5 344.75 m 354.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 342.75 m 354.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 357.75 m 422.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 344.75 m 422.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 342.75 m 422.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 357.75 m 490.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 344.75 m 490.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 342.75 m 490.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 357.75 m 558.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 344.75 m 558.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 342.75 m 558.5 342.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.10 685.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 314.36 685.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 390.88 685.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.60 685.98 Td (Incr) Tj ET Q q 0 0 0 rg BT 472.19 685.98 Td (ease/ \(Decr) Tj ET Q q 0 0 0 rg BT 509.58 685.98 Td (ease\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 672.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 672.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.05 659.98 Td (\(U.S. Dollars in thousands, except per) Tj ET Q q 0 0 0 rg BT 472.36 659.98 Td (centages\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 646.43 Td (Revenues and other) Tj ET Q q 0 0 0 rg BT 141.35 646.43 Td ( income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 632.32 Td (Lease revenue:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 618.32 Td (Basic lease rents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 618.32 Td (1,030,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 618.32 Td (1,075,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 618.37 Td (\(44,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 618.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 618.37 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 618.32 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 604.32 Td (Maintenance rents and other receipts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 604.32 Td (134,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 604.32 Td (86,81) Tj ET Q q 0 0 0 rg BT 413.65 604.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 604.32 Td (47,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 604.32 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 604.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 590.32 Td (T) Tj ET Q q 0 0 0 rg BT 62.76 590.32 Td (otal lease revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 590.32 Td (1,165,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 590.32 Td (1,162,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 590.32 Td (2,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 590.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 590.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 576.32 Td (Net gain on sale of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 576.32 Td (58,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 576.32 Td (21,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 576.32 Td (36,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 576.32 Td (171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 576.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 562.32 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 562.32 Td (14,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 562.32 Td (21,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 562.37 Td (\(6,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 562.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 562.37 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 562.32 Td (%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 548.43 Td (T) Tj ET Q q 0 0 0 rg BT 63.21 548.43 Td (otal Revenues and other) Tj ET Q q 0 0 0 rg BT 165.71 548.43 Td ( income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.65 548.43 Td (1,238,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.65 548.43 Td (1,205,027) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 548.43 Td (33,150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.65 548.43 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 548.43 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 534.43 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 520.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 520.32 Td (415,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 520.32 Td (425,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 520.37 Td (\(10,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 520.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 520.37 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 520.32 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 506.32 Td (Asset impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 506.32 Td (13,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 506.32 Td (5,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 506.32 Td (8,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 506.32 Td (177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 506.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 492.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 492.32 Td (318,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 492.32 Td (334,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 492.37 Td (\(15,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 492.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 492.37 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 492.32 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 478.32 Td (Leasing expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 478.32 Td (103,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 478.32 Td (91,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 478.32 Td (1) Tj ET Q q 0 0 0 rg BT 464.15 478.32 Td (1,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 478.32 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 478.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 464.32 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 464.32 Td (64,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 464.32 Td (66,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 464.37 Td (\(2,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 464.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 464.37 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 464.32 Td (%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 450.43 Td (T) Tj ET Q q 0 0 0 rg BT 63.21 450.43 Td (otal Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 450.43 Td (916,243) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 450.43 Td (923,653) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.80 450.48 Td (\(7,410) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.65 450.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 450.48 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 450.43 Td (%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 436.48 Td (Income befor) Tj ET Q q 0 0 0 rg BT 113.75 436.48 Td (e income taxes and income of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 426.48 Td (investments accounted for) Tj ET Q q 0 0 0 rg BT 177.47 426.48 Td ( under) Tj ET Q q 0 0 0 rg BT 205.35 426.48 Td ( the equity method) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 427.43 Td (321,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 427.43 Td (281,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 427.43 Td (40,560) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 427.43 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 427.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 413.32 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 413.37 Td (\(43,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 413.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 413.37 Td (\(36,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 413.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 413.37 Td (\(6,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 413.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 413.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 413.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 399.32 Td (Equity in net earnings of investments accounted for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 389.32 Td (under the equity method) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 390.42 Td (1,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 390.42 Td (2,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 390.47 Td (\(771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 390.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 390.47 Td (\(37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 390.42 Td (%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 376.43 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 376.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 376.43 Td (279,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 376.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 376.43 Td (246,897) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 376.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 376.43 Td (32,907) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 376.43 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 376.43 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 362.31 Td (Net income attributable to non-controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.80 362.37 Td (\(2,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 362.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 362.37 Td (\(12,71) Tj ET Q q 0 0 0 rg BT 413.63 362.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 362.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 362.32 Td (9,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 362.37 Td (\(77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 362.32 Td (%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 348.43 Td (Net income attributable to ) Tj ET Q q 0 0 0 rg BT 171.42 348.43 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 264.31 348.43 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 348.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 348.43 Td (276,824) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 348.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 348.43 Td (234,186) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 348.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 348.43 Td (42,638) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 348.43 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 348.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 320.32 Td (Diluted earnings per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 320.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 320.32 Td (2.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 320.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 320.32 Td (1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 320.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 320.32 Td (0.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 320.32 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 320.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 292.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 101.78 292.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 124.83 292.25 Td (rents. ) Tj ET Q q 0 0 0 rg BT 150.39 292.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.89 292.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.93 292.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.35 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.85 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.13 292.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 241.17 292.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 263.66 292.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 285.60 292.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.43 292.25 Td ($44.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.93 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.43 292.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 355.32 292.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 292.25 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.48 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.98 292.25 Td (was ) Tj ET Q q 0 0 0 rg BT 400.03 292.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 448.07 292.25 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 271.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.21 271.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 141.75 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.07 271.25 Td (100 ) Tj ET Q q 0 0 0 rg BT 171.06 271.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 202.91 271.25 Td (between ) Tj ET Q q 0 0 0 rg BT 239.22 271.25 Td (January ) Tj ET Q q 0 0 0 rg BT 273.31 271.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 283.80 271.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 306.79 271.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.22 271.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 368.31 271.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.31 271.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.30 271.25 Td (with ) Tj ET Q q 0 0 0 rg BT 412.06 271.25 Td (an ) Tj ET Q q 0 0 0 rg BT 424.49 271.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 466.35 271.25 Td (net ) Tj ET Q q 0 0 0 rg BT 481.55 271.25 Td (book ) Tj ET Q q 0 0 0 rg BT 504.55 271.25 Td (value ) Tj ET Q q 0 0 0 rg BT 529.19 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.51 271.25 Td ($2.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 259.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 136.61 259.25 Td (on ) Tj ET Q q 0 0 0 rg BT 149.11 259.25 Td (their ) Tj ET Q q 0 0 0 rg BT 169.94 259.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 187.99 259.25 Td (dates, ) Tj ET Q q 0 0 0 rg BT 213.53 259.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 251.03 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.31 259.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.24 259.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 305.16 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.44 259.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 338.48 259.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 360.97 259.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 382.91 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.74 259.25 Td ($64.4 ) Tj ET Q q 0 0 0 rg BT 418.74 259.25 Td (million;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 238.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 115.36 238.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 152.71 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.41 238.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 186.88 238.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 209.79 238.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 232.16 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.42 238.25 Td ($16.2 ) Tj ET Q q 0 0 0 rg BT 268.84 238.25 Td (million ) Tj ET Q q 0 0 0 rg BT 300.66 238.25 Td (due ) Tj ET Q q 0 0 0 rg BT 318.02 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.73 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.87 238.25 Td (application ) Tj ET Q q 0 0 0 rg BT 391.23 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.48 238.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 424.76 238.25 Td (Accounting. ) Tj ET Q q 0 0 0 rg BT 476.63 238.25 Td (When ) Tj ET Q q 0 0 0 rg BT 503.44 238.25 Td (we ) Tj ET Q q 0 0 0 rg BT 518.02 238.25 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 226.25 Td (that ) Tj ET Q q 0 0 0 rg BT 125.70 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.63 226.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 182.76 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.80 226.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 219.27 226.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 260.30 226.25 Td (is ) Tj ET Q q 0 0 0 rg BT 269.68 226.25 Td (no ) Tj ET Q q 0 0 0 rg BT 282.38 226.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 310.64 226.25 Td (probable, ) Tj ET Q q 0 0 0 rg BT 350.83 226.25 Td (we ) Tj ET Q q 0 0 0 rg BT 365.19 226.25 Td (begin ) Tj ET Q q 0 0 0 rg BT 390.12 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.60 226.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 442.17 226.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 476.52 226.25 Td (under ) Tj ET Q q 0 0 0 rg BT 502.00 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.92 226.25 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 214.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 133.87 214.25 Td (according ) Tj ET Q q 0 0 0 rg BT 175.28 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.05 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.25 214.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.23 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.55 214.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.31 214.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 299.39 214.25 Td (from ) Tj ET Q q 0 0 0 rg BT 320.82 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.02 214.25 Td (lessee ) Tj ET Q q 0 0 0 rg BT 360.89 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.65 214.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 391.36 214.25 Td (As ) Tj ET Q q 0 0 0 rg BT 404.46 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.78 214.25 Td (March ) Tj ET Q q 0 0 0 rg BT 442.87 214.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 457.36 214.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 481.85 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.05 214.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 524.69 214.25 Td (straight-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 202.25 Td (line ) Tj ET Q q 0 0 0 rg BT 125.82 202.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 151.42 202.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 188.13 202.25 Td (under ) Tj ET Q q 0 0 0 rg BT 213.73 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 229.89 202.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 256.59 202.25 Td (with ) Tj ET Q q 0 0 0 rg BT 277.20 202.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 305.57 202.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 348.95 202.25 Td (on ) Tj ET Q q 0 0 0 rg BT 361.77 202.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 383.98 202.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 433.46 202.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 472.94 202.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 533.52 202.25 Td (4% ) Tj ET Q q 0 0 0 rg BT 549.68 202.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 190.25 Td (our ) Tj ET Q q 0 0 0 rg BT 122.85 190.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 163.24 190.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 203.08 190.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 224.59 190.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 260.15 190.25 Td (The ) Tj ET Q q 0 0 0 rg BT 277.22 190.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 308.74 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.59 190.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 351.76 190.25 Td (we ) Tj ET Q q 0 0 0 rg BT 364.95 190.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 405.33 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.63 190.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 436.16 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 449.34 190.25 Td (lessees ) Tj ET Q q 0 0 0 rg BT 478.63 190.25 Td (on ) Tj ET Q q 0 0 0 rg BT 490.16 190.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 511.34 190.25 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 178.25 Td (will ) Tj ET Q q 0 0 0 rg BT 126.06 178.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 157.43 178.25 Td (on ) Tj ET Q q 0 0 0 rg BT 169.93 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.65 178.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 217.15 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.98 178.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.24 178.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 289.07 178.25 Td (we ) Tj ET Q q 0 0 0 rg BT 303.23 178.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 334.59 178.25 Td (during ) Tj ET Q q 0 0 0 rg BT 363.20 178.25 Td (2020; ) Tj ET Q q 0 0 0 rg BT 388.48 178.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 157.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 157.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.78 157.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 151.53 157.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.65 157.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 184.53 157.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 206.86 157.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 228.63 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.30 157.25 Td ($59.7 ) Tj ET Q q 0 0 0 rg BT 264.14 157.25 Td (million ) Tj ET Q q 0 0 0 rg BT 295.37 157.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 334.92 157.25 Td (due ) Tj ET Q q 0 0 0 rg BT 351.70 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 361.82 157.25 Td (downtime ) Tj ET Q q 0 0 0 rg BT 404.15 157.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 437.03 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.15 157.25 Td (re-leasing ) Tj ET Q q 0 0 0 rg BT 488.91 157.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 521.24 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.02 157.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 145.25 Td (extensions ) Tj ET Q q 0 0 0 rg BT 153.25 145.25 Td (at ) Tj ET Q q 0 0 0 rg BT 163.50 145.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 189.30 145.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 213.71 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.96 145.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 275.86 145.25 Td (for ) Tj ET Q q 0 0 0 rg BT 290.55 145.25 Td (which ) Tj ET Q q 0 0 0 rg BT 318.02 145.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 353.26 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.51 145.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 412.09 145.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 437.88 145.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 479.24 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.05 145.25 Td (be ) Tj ET Q q 0 0 0 rg BT 502.52 145.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 540.53 145.25 Td (on ) Tj ET Q q 0 0 0 rg BT 553.56 145.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 133.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 158.82 133.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 181.32 133.25 Td (over ) Tj ET Q q 0 0 0 rg BT 201.59 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.31 133.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 259.35 133.25 Td (term ) Tj ET Q q 0 0 0 rg BT 280.17 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.00 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.72 133.25 Td (original ) Tj ET Q q 0 0 0 rg BT 339.32 133.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 361.81 133.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 380.98 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.70 133.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 436.52 133.25 Td (period; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 112.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 144.94 112.25 Td (offset ) Tj ET Q q 0 0 0 rg BT 169.11 112.25 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 91.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.05 91.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 169.76 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.92 91.25 Td (72 ) Tj ET Q q 0 0 0 rg BT 193.76 91.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 225.45 91.25 Td (between ) Tj ET Q q 0 0 0 rg BT 261.60 91.25 Td (January ) Tj ET Q q 0 0 0 rg BT 295.53 91.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 305.86 91.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 328.69 91.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.96 91.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 389.89 91.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.89 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 412.73 91.25 Td (with ) Tj ET Q q 0 0 0 rg BT 433.34 91.25 Td (an ) Tj ET Q q 0 0 0 rg BT 445.61 91.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 487.30 91.25 Td (net ) Tj ET Q q 0 0 0 rg BT 502.35 91.25 Td (book ) Tj ET Q q 0 0 0 rg BT 525.18 91.25 Td (value ) Tj ET Q q 0 0 0 rg BT 549.67 91.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 79.25 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 128.00 79.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 156.61 79.25 Td (on ) Tj ET Q q 0 0 0 rg BT 169.11 79.25 Td (their ) Tj ET Q q 0 0 0 rg BT 189.94 79.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 232.97 79.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 279.35 79.25 Td (dates, ) Tj ET Q q 0 0 0 rg BT 304.90 79.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 342.39 79.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.67 79.25 Td (an ) Tj ET Q q 0 0 0 rg BT 364.61 79.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 399.87 79.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.14 79.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 433.19 79.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 455.68 79.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 477.61 79.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.44 79.25 Td ($95.8 ) Tj ET Q q 0 0 0 rg BT 513.44 79.25 Td (million.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (39) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 731.25 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 132.95 731.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 155.52 731.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.08 731.25 Td (other ) Tj ET Q q 0 0 0 rg BT 196.75 731.25 Td (receipts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.91 731.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.46 731.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.22 731.25 Td ( ) Tj ET Q q 0 0 0 rg BT 285.22 731.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.00 731.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 347.53 731.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 368.98 731.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.42 731.25 Td (other ) Tj ET Q q 0 0 0 rg BT 407.97 731.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 441.06 731.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.40 731.25 Td ($47.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.90 731.25 Td ( ) Tj ET Q q 0 0 0 rg BT 475.90 731.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 509.30 731.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.63 731.25 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.96 731.25 Td (, ) Tj ET Q q 0 0 0 rg BT 542.46 731.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 102.04 719.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 115.09 719.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 698.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 698.25 Td (an ) Tj ET Q q 0 0 0 rg BT 119.36 698.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 154.04 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.30 698.25 Td ($28.4 ) Tj ET Q q 0 0 0 rg BT 188.73 698.25 Td (million ) Tj ET Q q 0 0 0 rg BT 219.55 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.25 698.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 259.49 698.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 311.95 698.25 Td (rents, ) Tj ET Q q 0 0 0 rg BT 335.81 698.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 374.95 698.25 Td (due ) Tj ET Q q 0 0 0 rg BT 391.31 698.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.02 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.16 698.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 442.63 698.25 Td (EOL) Tj ET Q q 0 0 0 rg BT 461.70 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.63 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.99 698.25 Td (other ) Tj ET Q q 0 0 0 rg BT 502.47 698.25 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 686.25 Td (received; ) Tj ET Q q 0 0 0 rg BT 147.14 686.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 665.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 665.25 Td (an ) Tj ET Q q 0 0 0 rg BT 119.94 665.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 155.19 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.02 665.25 Td ($19.1 ) Tj ET Q q 0 0 0 rg BT 191.02 665.25 Td (million ) Tj ET Q q 0 0 0 rg BT 222.41 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.69 665.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 285.72 665.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 319.87 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.80 665.25 Td (other ) Tj ET Q q 0 0 0 rg BT 359.85 665.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 393.44 665.25 Td (from ) Tj ET Q q 0 0 0 rg BT 415.38 665.25 Td (early ) Tj ET Q q 0 0 0 rg BT 437.87 665.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 460.35 665.25 Td (terminations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 644.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 93.48 644.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 114.36 644.25 Td (on ) Tj ET Q q 0 0 0 rg BT 127.47 644.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 146.12 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.99 644.25 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.93 644.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.02 644.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.77 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.31 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 249.64 644.25 Td (net ) Tj ET Q q 0 0 0 rg BT 264.40 644.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 284.16 644.25 Td (on ) Tj ET Q q 0 0 0 rg BT 296.70 644.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 314.79 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.66 644.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.53 644.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.41 644.25 Td ($36.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.91 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.45 644.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 421.38 644.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.26 644.25 Td (171%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.59 644.25 Td (, ) Tj ET Q q 0 0 0 rg BT 460.63 644.25 Td (was ) Tj ET Q q 0 0 0 rg BT 478.73 644.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 518.48 644.25 Td (due ) Tj ET Q q 0 0 0 rg BT 535.46 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 545.78 644.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 632.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 106.15 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.18 632.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 139.33 632.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 163.97 632.25 Td (During ) Tj ET Q q 0 0 0 rg BT 195.01 632.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.93 632.25 Td (three ) Tj ET Q q 0 0 0 rg BT 232.62 632.25 Td (months ) Tj ET Q q 0 0 0 rg BT 264.77 632.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 291.35 632.25 Td (March ) Tj ET Q q 0 0 0 rg BT 320.16 632.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 335.36 632.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.36 632.25 Td (, ) Tj ET Q q 0 0 0 rg BT 360.57 632.25 Td (we ) Tj ET Q q 0 0 0 rg BT 374.93 632.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 394.31 632.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 407.01 632.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 438.58 632.25 Td (for ) Tj ET Q q 0 0 0 rg BT 452.95 632.25 Td ($265.1 ) Tj ET Q q 0 0 0 rg BT 483.15 632.25 Td (million ) Tj ET Q q 0 0 0 rg BT 514.75 632.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.89 632.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 620.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.72 620.25 Td (three ) Tj ET Q q 0 0 0 rg BT 91.20 620.25 Td (months ) Tj ET Q q 0 0 0 rg BT 123.15 620.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.53 620.25 Td (March ) Tj ET Q q 0 0 0 rg BT 178.13 620.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 193.13 620.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.13 620.25 Td (, ) Tj ET Q q 0 0 0 rg BT 218.13 620.25 Td (we ) Tj ET Q q 0 0 0 rg BT 232.29 620.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 251.46 620.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 263.96 620.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 295.32 620.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.48 620.25 Td ($340.0 ) Tj ET Q q 0 0 0 rg BT 339.48 620.25 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 599.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 131.84 599.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.42 599.25 Td (amortization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.16 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.03 599.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.60 599.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.01 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 260.03 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.83 599.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 321.27 599.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.73 599.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 390.28 599.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.63 599.25 Td ($10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.13 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.15 599.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 458.56 599.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.91 599.25 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.24 599.25 Td (, ) Tj ET Q q 0 0 0 rg BT 486.76 599.25 Td (was ) Tj ET Q q 0 0 0 rg BT 504.33 599.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 543.56 599.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 587.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 95.64 587.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 120.08 587.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 155.90 587.25 Td (of) Tj ET Q q 0 0 0 rg BT 164.05 587.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 180.99 587.25 Td (by ) Tj ET Q q 0 0 0 rg BT 193.49 587.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 224.85 587.25 Td (purchases.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 566.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 100.52 566.25 Td (impairment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.16 566.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 177.73 566.25 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 232.58 566.25 Td (which ) Tj ET Q q 0 0 0 rg BT 259.37 566.25 Td (related ) Tj ET Q q 0 0 0 rg BT 288.92 566.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.05 566.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 320.84 566.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 370.96 566.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.64 566.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 403.98 566.25 Td (terminations, ) Tj ET Q q 0 0 0 rg BT 458.82 566.25 Td (were ) Tj ET Q q 0 0 0 rg BT 480.60 566.25 Td (more ) Tj ET Q q 0 0 0 rg BT 503.50 566.25 Td (than ) Tj ET Q q 0 0 0 rg BT 523.07 566.25 Td (of) Tj ET Q q 0 0 0 rg BT 531.22 566.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 548.01 566.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 554.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 76.20 554.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 110.06 554.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 156.14 554.25 Td (when ) Tj ET Q q 0 0 0 rg BT 180.02 554.25 Td (we ) Tj ET Q q 0 0 0 rg BT 193.90 554.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 228.32 554.25 Td (maintenance-related ) Tj ET Q q 0 0 0 rg BT 311.59 554.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 348.23 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.78 554.25 Td (received ) Tj ET Q q 0 0 0 rg BT 394.86 554.25 Td (EOL) Tj ET Q q 0 0 0 rg BT 413.93 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.14 554.25 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 476.40 554.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 504.17 554.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 525.25 554.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.25 554.25 Td (Item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 542.25 Td (2. ) Tj ET Q q 0 0 0 rg BT 63.91 542.25 Td (Management) Tj ET Q q 0 0 0 rg BT 118.89 542.25 Td (s ) Tj ET Q q 0 0 0 rg BT 125.20 542.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 171.50 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.82 542.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 225.24 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.98 542.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 275.61 542.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 318.02 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.88 542.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 366.74 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.48 542.25 Td (OperationsCritical ) Tj ET Q q 0 0 0 rg BT 463.76 542.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 510.05 542.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 543.57 542.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 98.15 530.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.31 530.25 Td (further ) Tj ET Q q 0 0 0 rg BT 142.02 530.25 Td (information ) Tj ET Q q 0 0 0 rg BT 191.73 530.25 Td (on ) Tj ET Q q 0 0 0 rg BT 204.23 530.25 Td (our ) Tj ET Q q 0 0 0 rg BT 220.06 530.25 Td (event-driven ) Tj ET Q q 0 0 0 rg BT 273.09 530.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 321.69 530.25 Td (assessments. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 509.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 110.67 509.25 Td (expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.94 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.44 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.76 509.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.80 509.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.22 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.72 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.00 509.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.93 509.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 282.64 509.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.47 509.25 Td ($15.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.97 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.47 509.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 352.36 509.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.19 509.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.52 509.25 Td (, ) Tj ET Q q 0 0 0 rg BT 381.52 509.25 Td (was ) Tj ET Q q 0 0 0 rg BT 399.57 509.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.28 509.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 487.32 509.25 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 488.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 488.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.91 488.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 151.79 488.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.04 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.72 488.25 Td (average ) Tj ET Q q 0 0 0 rg BT 210.27 488.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 228.85 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.65 488.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 259.33 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.58 488.25 Td (4.1% ) Tj ET Q q 0 0 0 rg BT 292.88 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 307.01 488.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.69 488.25 Td (three ) Tj ET Q q 0 0 0 rg BT 344.15 488.25 Td (months ) Tj ET Q q 0 0 0 rg BT 376.06 488.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 402.41 488.25 Td (March ) Tj ET Q q 0 0 0 rg BT 430.97 488.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.94 488.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.94 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 470.91 488.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 512.80 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.05 488.25 Td (4.2% ) Tj ET Q q 0 0 0 rg BT 546.35 488.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 476.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.88 476.25 Td (three ) Tj ET Q q 0 0 0 rg BT 143.53 476.25 Td (months ) Tj ET Q q 0 0 0 rg BT 174.64 476.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 200.18 476.25 Td (March ) Tj ET Q q 0 0 0 rg BT 227.94 476.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 242.10 476.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.10 476.25 Td (. ) Tj ET Q q 0 0 0 rg BT 266.14 476.25 Td (The ) Tj ET Q q 0 0 0 rg BT 283.35 476.25 Td (average ) Tj ET Q q 0 0 0 rg BT 316.10 476.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 333.87 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.86 476.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 362.74 476.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 399.39 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.27 476.25 Td (ef) Tj ET Q q 0 0 0 rg BT 420.86 476.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 437.51 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.50 476.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 511.91 476.25 Td (movements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 464.25 Td (on ) Tj ET Q q 0 0 0 rg BT 121.08 464.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 153.58 464.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.64 464.25 Td (caps ) Tj ET Q q 0 0 0 rg BT 192.49 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.00 464.25 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 239.80 464.25 Td (The ) Tj ET Q q 0 0 0 rg BT 258.42 464.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 295.91 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.76 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.05 464.25 Td (average ) Tj ET Q q 0 0 0 rg BT 356.21 464.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 375.40 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.80 464.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 407.09 464.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 441.83 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.68 464.25 Td (a ) Tj ET Q q 0 0 0 rg BT 460.19 464.25 Td ($9.9 ) Tj ET Q q 0 0 0 rg BT 480.77 464.25 Td (million ) Tj ET Q q 0 0 0 rg BT 512.73 464.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 550.22 464.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 452.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.93 452.25 Td (expense; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 431.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 431.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.59 431.25 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 134.24 431.25 Td (million ) Tj ET Q q 0 0 0 rg BT 165.28 431.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 201.85 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.78 431.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 243.36 431.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 277.72 431.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 325.41 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.34 431.25 Td (a ) Tj ET Q q 0 0 0 rg BT 341.93 431.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 378.49 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.42 431.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 453.32 431.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 479.36 431.25 Td (on ) Tj ET Q q 0 0 0 rg BT 491.51 431.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 523.10 431.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 540.23 431.25 Td (caps ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.70 419.25 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 153.90 419.25 Td (For ) Tj ET Q q 0 0 0 rg BT 170.05 419.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.52 419.25 Td (three ) Tj ET Q q 0 0 0 rg BT 206.77 419.25 Td (months ) Tj ET Q q 0 0 0 rg BT 238.47 419.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 264.61 419.25 Td (March ) Tj ET Q q 0 0 0 rg BT 292.97 419.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 307.72 419.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.72 419.25 Td (, ) Tj ET Q q 0 0 0 rg BT 332.48 419.25 Td (we ) Tj ET Q q 0 0 0 rg BT 346.40 419.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 392.52 419.25 Td (a ) Tj ET Q q 0 0 0 rg BT 399.22 419.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 417.04 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.63 419.25 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 452.38 419.25 Td (million ) Tj ET Q q 0 0 0 rg BT 483.53 419.25 Td (related ) Tj ET Q q 0 0 0 rg BT 513.00 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.03 419.25 Td (mark-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 407.25 Td (market ) Tj ET Q q 0 0 0 rg BT 137.62 407.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 185.59 407.25 Td (on ) Tj ET Q q 0 0 0 rg BT 197.45 407.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 228.74 407.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 245.58 407.25 Td (caps ) Tj ET Q q 0 0 0 rg BT 265.21 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.51 407.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 310.31 407.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 351.59 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 361.23 407.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.53 407.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 384.95 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.14 407.25 Td ($15.9 ) Tj ET Q q 0 0 0 rg BT 419.50 407.25 Td (million ) Tj ET Q q 0 0 0 rg BT 450.25 407.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 495.97 407.25 Td (during ) Tj ET Q q 0 0 0 rg BT 523.94 407.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.02 407.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 395.25 Td (months ) Tj ET Q q 0 0 0 rg BT 139.95 395.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.33 395.25 Td (March ) Tj ET Q q 0 0 0 rg BT 194.92 395.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 209.92 395.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.92 395.25 Td (; ) Tj ET Q q 0 0 0 rg BT 235.20 395.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 374.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 374.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.79 374.25 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 134.65 374.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 163.11 374.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 199.88 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.01 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.58 374.25 Td (average ) Tj ET Q q 0 0 0 rg BT 258.02 374.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 307.04 374.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 326.61 374.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 359.49 374.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.63 374.25 Td ($30.2 ) Tj ET Q q 0 0 0 rg BT 394.48 374.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 422.95 374.25 Td (for ) Tj ET Q q 0 0 0 rg BT 436.96 374.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.53 374.25 Td (three ) Tj ET Q q 0 0 0 rg BT 473.87 374.25 Td (months ) Tj ET Q q 0 0 0 rg BT 505.67 374.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 531.90 374.25 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 362.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.41 362.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.41 362.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.33 362.25 Td (from ) Tj ET Q q 0 0 0 rg BT 168.68 362.25 Td ($30.4 ) Tj ET Q q 0 0 0 rg BT 194.09 362.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 223.12 362.25 Td (for ) Tj ET Q q 0 0 0 rg BT 237.70 362.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.83 362.25 Td (three ) Tj ET Q q 0 0 0 rg BT 275.73 362.25 Td (months ) Tj ET Q q 0 0 0 rg BT 308.09 362.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 334.88 362.25 Td (March ) Tj ET Q q 0 0 0 rg BT 363.89 362.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 379.31 362.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.31 362.25 Td (, ) Tj ET Q q 0 0 0 rg BT 404.72 362.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 442.63 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.32 362.25 Td (a ) Tj ET Q q 0 0 0 rg BT 460.67 362.25 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 481.09 362.25 Td (million ) Tj ET Q q 0 0 0 rg BT 512.89 362.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 550.22 362.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 350.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.93 350.25 Td (expense.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 329.25 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 111.17 329.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 152.22 329.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.11 329.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.54 329.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.30 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.19 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 215.86 329.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 246.07 329.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 284.06 329.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.28 329.25 Td ($1) Tj ET Q q 0 0 0 rg BT 303.91 329.25 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.41 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.30 329.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 351.58 329.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 329.25 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.13 329.25 Td (, ) Tj ET Q q 0 0 0 rg BT 384.52 329.25 Td (was ) Tj ET Q q 0 0 0 rg BT 401.96 329.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 441.06 329.25 Td (due ) Tj ET Q q 0 0 0 rg BT 457.39 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.06 329.25 Td ($18.9 ) Tj ET Q q 0 0 0 rg BT 491.45 329.25 Td (million ) Tj ET Q q 0 0 0 rg BT 522.23 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.45 329.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 85.55 317.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 126.00 317.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 151.19 317.25 Td (lessor ) Tj ET Q q 0 0 0 rg BT 177.20 317.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 230.41 317.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 285.87 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.99 317.25 Td (other ) Tj ET Q q 0 0 0 rg BT 326.22 317.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 357.23 317.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 398.51 317.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 434.51 317.25 Td (of) Tj ET Q q 0 0 0 rg BT 442.66 317.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 459.78 317.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.46 317.25 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 492.65 317.25 Td (million ) Tj ET Q q 0 0 0 rg BT 524.22 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.24 317.25 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 106.73 305.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 131.71 305.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 153.36 305.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 206.10 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.74 305.25 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 242.45 305.25 Td (million ) Tj ET Q q 0 0 0 rg BT 273.54 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.08 305.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 309.05 305.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 347.35 305.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 386.77 305.25 Td (related ) Tj ET Q q 0 0 0 rg BT 416.18 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.16 305.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 453.91 305.25 Td (defaults ) Tj ET Q q 0 0 0 rg BT 487.77 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.41 305.25 Td (restructuring.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 284.25 Td (Provision ) Tj ET Q q 0 0 0 rg BT 117.94 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 132.16 284.25 Td (income ) Tj ET Q q 0 0 0 rg BT 164.15 284.25 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.76 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.61 284.25 Td (The ) Tj ET Q q 0 0 0 rg BT 207.16 284.25 Td (ef) Tj ET Q q 0 0 0 rg BT 214.74 284.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 243.94 284.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.16 284.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 275.14 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 288.79 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.01 284.25 Td (full ) Tj ET Q q 0 0 0 rg BT 318.89 284.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.09 284.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.09 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.09 284.25 Td (is ) Tj ET Q q 0 0 0 rg BT 368.75 284.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 406.28 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 416.06 284.25 Td (be ) Tj ET Q q 0 0 0 rg BT 427.49 284.25 Td (13.5%, ) Tj ET Q q 0 0 0 rg BT 457.82 284.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 499.24 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.01 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.22 284.25 Td (ef) Tj ET Q q 0 0 0 rg BT 530.81 284.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 272.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 69.22 272.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 87.21 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.54 272.25 Td (12.5% ) Tj ET Q q 0 0 0 rg BT 127.37 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 142.03 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.25 272.25 Td (full ) Tj ET Q q 0 0 0 rg BT 174.14 272.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.35 272.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.35 272.25 Td (. ) Tj ET Q q 0 0 0 rg BT 219.63 272.25 Td (The ) Tj ET Q q 0 0 0 rg BT 238.18 272.25 Td (ef) Tj ET Q q 0 0 0 rg BT 245.77 272.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 275.97 272.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 291.19 272.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 309.18 272.25 Td (is ) Tj ET Q q 0 0 0 rg BT 318.85 272.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 358.50 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 371.51 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.73 272.25 Td (source ) Tj ET Q q 0 0 0 rg BT 415.83 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.27 272.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 466.26 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.60 272.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 514.47 272.25 Td (among ) Tj ET Q q 0 0 0 rg BT 544.69 272.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.25 Td (dif) Tj ET Q q 0 0 0 rg BT 64.93 260.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 90.48 260.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 104.93 260.25 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 158.95 260.25 Td (The ) Tj ET Q q 0 0 0 rg BT 176.73 260.25 Td (ef) Tj ET Q q 0 0 0 rg BT 184.32 260.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 213.76 260.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 228.21 260.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 245.43 260.25 Td (was ) Tj ET Q q 0 0 0 rg BT 263.22 260.25 Td (13.5% ) Tj ET Q q 0 0 0 rg BT 291.28 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.18 260.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.63 260.25 Td (three ) Tj ET Q q 0 0 0 rg BT 341.85 260.25 Td (months ) Tj ET Q q 0 0 0 rg BT 373.53 260.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 399.65 260.25 Td (March ) Tj ET Q q 0 0 0 rg BT 427.98 260.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 442.71 260.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.71 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 464.95 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.62 260.25 Td (13.0% ) Tj ET Q q 0 0 0 rg BT 509.69 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 523.58 260.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.04 260.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 248.25 Td (months ) Tj ET Q q 0 0 0 rg BT 85.79 248.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 112.01 248.25 Td (March ) Tj ET Q q 0 0 0 rg BT 140.44 248.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.29 248.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.29 248.25 Td (. ) Tj ET Q q 0 0 0 rg BT 179.96 248.25 Td (The ) Tj ET Q q 0 0 0 rg BT 197.84 248.25 Td (ef) Tj ET Q q 0 0 0 rg BT 205.43 248.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 234.97 248.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 249.53 248.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 266.86 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.98 248.25 Td (any ) Tj ET Q q 0 0 0 rg BT 293.75 248.25 Td (period ) Tj ET Q q 0 0 0 rg BT 321.64 248.25 Td (can ) Tj ET Q q 0 0 0 rg BT 337.86 248.25 Td (be ) Tj ET Q q 0 0 0 rg BT 349.64 248.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 388.63 248.25 Td (by ) Tj ET Q q 0 0 0 rg BT 400.97 248.25 Td (revisions ) Tj ET Q q 0 0 0 rg BT 439.42 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 449.54 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.09 248.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 504.75 248.25 Td (full ) Tj ET Q q 0 0 0 rg BT 520.98 248.25 Td (year ) Tj ET Q q 0 0 0 rg BT 540.53 248.25 Td (rate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 227.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 110.14 227.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 149.34 227.25 Td (per ) Tj ET Q q 0 0 0 rg BT 165.75 227.25 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.03 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.11 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 197.19 227.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 230.27 227.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 267.23 227.25 Td (per ) Tj ET Q q 0 0 0 rg BT 283.07 227.25 Td (share ) Tj ET Q q 0 0 0 rg BT 307.25 227.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 348.09 227.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.17 227.25 Td ($0.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.67 227.25 Td (, ) Tj ET Q q 0 0 0 rg BT 389.25 227.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.66 227.25 Td (27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.99 227.25 Td (, ) Tj ET Q q 0 0 0 rg BT 424.57 227.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.43 227.25 Td ($2.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.93 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.01 227.25 Td (during ) Tj ET Q q 0 0 0 rg BT 490.19 227.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.49 227.25 Td (three ) Tj ET Q q 0 0 0 rg BT 528.56 227.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.15 215.25 Td (March ) Tj ET Q q 0 0 0 rg BT 108.51 215.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.28 215.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.28 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 145.55 215.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.26 215.25 Td ($1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.76 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.03 215.25 Td (during ) Tj ET Q q 0 0 0 rg BT 220.41 215.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.90 215.25 Td (three ) Tj ET Q q 0 0 0 rg BT 257.15 215.25 Td (months ) Tj ET Q q 0 0 0 rg BT 288.87 215.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 315.01 215.25 Td (March ) Tj ET Q q 0 0 0 rg BT 343.38 215.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 358.15 215.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 215.25 Td (. ) Tj ET Q q 0 0 0 rg BT 382.76 215.25 Td (The ) Tj ET Q q 0 0 0 rg BT 400.57 215.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 435.60 215.25 Td (was ) Tj ET Q q 0 0 0 rg BT 453.42 215.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 481.24 215.25 Td (by ) Tj ET Q q 0 0 0 rg BT 493.50 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.99 215.25 Td (same ) Tj ET Q q 0 0 0 rg BT 530.81 215.25 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 203.25 Td (af) Tj ET Q q 0 0 0 rg BT 61.59 203.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 91.85 203.25 Td (net ) Tj ET Q q 0 0 0 rg BT 106.57 203.25 Td (income ) Tj ET Q q 0 0 0 rg BT 138.50 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.44 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.16 203.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 215.96 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.79 203.25 Td (14.1 ) Tj ET Q q 0 0 0 rg BT 246.79 203.25 Td (million ) Tj ET Q q 0 0 0 rg BT 278.18 203.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 305.67 203.25 Td (from ) Tj ET Q q 0 0 0 rg BT 327.61 203.25 Td (January ) Tj ET Q q 0 0 0 rg BT 361.21 203.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 383.71 203.25 Td (through ) Tj ET Q q 0 0 0 rg BT 417.32 203.25 Td (March ) Tj ET Q q 0 0 0 rg BT 445.92 203.25 Td (2020.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (40) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 96.52 731.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.14 731.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 146.53 731.25 Td (r) Tj ET Q q 0 0 0 rg BT 150.79 731.25 Td (esour) Tj ET Q q 0 0 0 rg BT 173.94 731.25 Td (ces ) Tj ET Q q 0 0 0 rg BT 189.21 731.25 Td ( ) Tj ET Q q 0 0 0 rg BT 191.71 731.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.21 731.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.71 731.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 710.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.55 710.25 Td (following ) Tj ET Q q 0 0 0 rg BT 135.93 710.25 Td (table ) Tj ET Q q 0 0 0 rg BT 157.87 710.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 193.14 710.25 Td (our ) Tj ET Q q 0 0 0 rg BT 208.97 710.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 262.01 710.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.28 710.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 307.00 710.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.16 710.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.88 710.25 Td (three ) Tj ET Q q 0 0 0 rg BT 358.36 710.25 Td (months ) Tj ET Q q 0 0 0 rg BT 390.31 710.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 416.69 710.25 Td (March ) Tj ET Q q 0 0 0 rg BT 445.28 710.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 460.28 710.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.28 710.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.78 710.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.72 710.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.72 710.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 660.75 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 660.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 660.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 630.75 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 630.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 630.75 71.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 686.75 m 483.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 686.75 m 487.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 686.75 m 558.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 686.75 m 483.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 673.75 m 483.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 686.75 m 487.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 686.75 m 558.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 673.75 m 558.5 673.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.10 690.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 443.36 690.98 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 519.88 690.98 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 677.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.50 677.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.85 665.43 Td (\(U.S. Dollars in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 650.42 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 650.42 Td (628.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 650.42 Td (745.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 635.42 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 635.47 Td (\(235.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 635.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 635.47 Td (\(783.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 635.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 620.42 Td (Net cash provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 620.42 Td (3,189.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 620.42 Td (1,197.1) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.50 598.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 98.55 598.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 121.17 598.25 Td (pr) Tj ET Q q 0 0 0 rg BT 129.69 598.25 Td (ovided ) Tj ET Q q 0 0 0 rg BT 157.83 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 168.77 598.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 209.15 598.25 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.75 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.24 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.73 598.25 Td (During ) Tj ET Q q 0 0 0 rg BT 280.55 598.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.26 598.25 Td (three ) Tj ET Q q 0 0 0 rg BT 315.74 598.25 Td (months ) Tj ET Q q 0 0 0 rg BT 346.68 598.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 372.05 598.25 Td (March ) Tj ET Q q 0 0 0 rg BT 399.65 598.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 413.64 598.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.64 598.25 Td (, ) Tj ET Q q 0 0 0 rg BT 437.63 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.46 598.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 471.72 598.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 508.76 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 520.25 598.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 586.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 93.07 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.37 586.25 Td ($628.9 ) Tj ET Q q 0 0 0 rg BT 134.83 586.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.73 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.70 586.25 Td (was ) Tj ET Q q 0 0 0 rg BT 185.22 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.40 586.25 Td (result ) Tj ET Q q 0 0 0 rg BT 225.59 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.89 586.25 Td (net ) Tj ET Q q 0 0 0 rg BT 252.07 586.25 Td (income ) Tj ET Q q 0 0 0 rg BT 284.47 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.77 586.25 Td ($279.8 ) Tj ET Q q 0 0 0 rg BT 326.24 586.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.13 586.25 Td (, ) Tj ET Q q 0 0 0 rg BT 360.60 586.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 399.67 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.08 586.25 Td (other ) Tj ET Q q 0 0 0 rg BT 440.59 586.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 491.33 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.08 586.25 Td (net ) Tj ET Q q 0 0 0 rg BT 517.27 586.25 Td (income ) Tj ET Q q 0 0 0 rg BT 549.67 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 574.25 Td ($461.4 ) Tj ET Q q 0 0 0 rg BT 83.99 574.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.89 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 115.38 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.31 574.25 Td (collections ) Tj ET Q q 0 0 0 rg BT 178.13 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.95 574.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 220.87 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.80 574.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 280.28 574.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 306.65 574.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.48 574.25 Td ($19.1 ) Tj ET Q q 0 0 0 rg BT 342.47 574.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.36 574.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.36 574.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 412.17 574.25 Td (of) Tj ET Q q 0 0 0 rg BT 420.32 574.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 437.25 574.25 Td (by ) Tj ET Q q 0 0 0 rg BT 449.75 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.46 574.25 Td (net ) Tj ET Q q 0 0 0 rg BT 479.17 574.25 Td (change ) Tj ET Q q 0 0 0 rg BT 509.98 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.25 574.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 79.24 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.59 562.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 134.72 562.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.97 562.25 Td ($131.4 ) Tj ET Q q 0 0 0 rg BT 174.38 562.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.27 562.25 Td (. ) Tj ET Q q 0 0 0 rg BT 207.69 562.25 Td (During ) Tj ET Q q 0 0 0 rg BT 237.93 562.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.06 562.25 Td (three ) Tj ET Q q 0 0 0 rg BT 273.96 562.25 Td (months ) Tj ET Q q 0 0 0 rg BT 305.32 562.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 331.11 562.25 Td (March ) Tj ET Q q 0 0 0 rg BT 359.12 562.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 373.53 562.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.53 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 397.95 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 413.19 562.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.87 562.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 470.33 562.25 Td (by ) Tj ET Q q 0 0 0 rg BT 482.24 562.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 521.92 562.25 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.19 550.25 Td ($745.7 ) Tj ET Q q 0 0 0 rg BT 93.55 550.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.45 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.31 550.25 Td (was ) Tj ET Q q 0 0 0 rg BT 141.72 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.80 550.25 Td (result ) Tj ET Q q 0 0 0 rg BT 179.88 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.07 550.25 Td (net ) Tj ET Q q 0 0 0 rg BT 204.15 550.25 Td (income ) Tj ET Q q 0 0 0 rg BT 235.44 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.64 550.25 Td ($246.9 ) Tj ET Q q 0 0 0 rg BT 275.00 550.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.89 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 308.25 550.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 346.21 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.51 550.25 Td (other ) Tj ET Q q 0 0 0 rg BT 384.92 550.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 434.56 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.20 550.25 Td (net ) Tj ET Q q 0 0 0 rg BT 458.27 550.25 Td (income ) Tj ET Q q 0 0 0 rg BT 489.57 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.76 550.25 Td ($501.2 ) Tj ET Q q 0 0 0 rg BT 529.12 550.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.91 538.25 Td (collections ) Tj ET Q q 0 0 0 rg BT 118.71 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.51 538.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 163.41 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.32 538.25 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 224.78 538.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 252.13 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.94 538.25 Td ($19.9 ) Tj ET Q q 0 0 0 rg BT 289.91 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 324.78 538.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 361.57 538.25 Td (of) Tj ET Q q 0 0 0 rg BT 369.72 538.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 387.63 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 401.11 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.80 538.25 Td (net ) Tj ET Q q 0 0 0 rg BT 432.49 538.25 Td (change ) Tj ET Q q 0 0 0 rg BT 464.28 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.53 538.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 516.77 538.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 543.57 538.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 93.72 526.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.55 526.25 Td ($22.3 ) Tj ET Q q 0 0 0 rg BT 129.55 526.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.44 526.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.50 505.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 98.77 505.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 121.59 505.25 Td (used ) Tj ET Q q 0 0 0 rg BT 141.62 505.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.10 505.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 188.91 505.25 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.51 505.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.21 505.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.92 505.25 Td (During ) Tj ET Q q 0 0 0 rg BT 260.95 505.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.87 505.25 Td (three ) Tj ET Q q 0 0 0 rg BT 296.56 505.25 Td (months ) Tj ET Q q 0 0 0 rg BT 327.72 505.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.30 505.25 Td (March ) Tj ET Q q 0 0 0 rg BT 381.10 505.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.30 505.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.30 505.25 Td (, ) Tj ET Q q 0 0 0 rg BT 419.51 505.25 Td (our ) Tj ET Q q 0 0 0 rg BT 434.54 505.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.01 505.25 Td (used ) Tj ET Q q 0 0 0 rg BT 474.05 505.25 Td (in ) Tj ET Q q 0 0 0 rg BT 483.53 505.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 521.90 505.25 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 493.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.45 493.25 Td ($235.2 ) Tj ET Q q 0 0 0 rg BT 94.07 493.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.96 493.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.08 493.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 164.41 493.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 203.75 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.20 493.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 234.08 493.25 Td (used ) Tj ET Q q 0 0 0 rg BT 254.53 493.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.31 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.65 493.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 320.30 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.75 493.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 361.73 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.29 493.25 Td (other ) Tj ET Q q 0 0 0 rg BT 400.96 493.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 426.41 493.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.86 493.25 Td ($412.2 ) Tj ET Q q 0 0 0 rg BT 466.48 493.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.37 493.25 Td (, ) Tj ET Q q 0 0 0 rg BT 499.99 493.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 535.43 493.25 Td (of) Tj ET Q q 0 0 0 rg BT 543.58 493.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 481.25 Td (by ) Tj ET Q q 0 0 0 rg BT 66.71 481.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.19 481.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 125.44 481.25 Td (by ) Tj ET Q q 0 0 0 rg BT 138.15 481.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 160.30 481.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 182.45 481.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 220.69 481.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.73 481.25 Td ($177.0 ) Tj ET Q q 0 0 0 rg BT 261.94 481.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.83 481.25 Td (. ) Tj ET Q q 0 0 0 rg BT 296.04 481.25 Td (During ) Tj ET Q q 0 0 0 rg BT 327.08 481.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.01 481.25 Td (three ) Tj ET Q q 0 0 0 rg BT 364.70 481.25 Td (months ) Tj ET Q q 0 0 0 rg BT 396.86 481.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 423.44 481.25 Td (March ) Tj ET Q q 0 0 0 rg BT 452.25 481.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 467.46 481.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.46 481.25 Td (, ) Tj ET Q q 0 0 0 rg BT 492.67 481.25 Td (our ) Tj ET Q q 0 0 0 rg BT 508.71 481.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 529.19 481.25 Td (used ) Tj ET Q q 0 0 0 rg BT 550.22 481.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 469.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 94.03 469.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 133.49 469.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.18 469.25 Td ($783.2 ) Tj ET Q q 0 0 0 rg BT 176.04 469.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.93 469.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.29 469.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 248.87 469.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 289.45 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.14 469.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 322.27 469.25 Td (used ) Tj ET Q q 0 0 0 rg BT 343.96 469.25 Td (for ) Tj ET Q q 0 0 0 rg BT 358.98 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.56 469.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 413.46 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.15 469.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 457.38 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.18 469.25 Td (other ) Tj ET Q q 0 0 0 rg BT 499.09 469.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 522.99 469.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 549.69 469.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 457.25 Td ($1,095.6 ) Tj ET Q q 0 0 0 rg BT 91.50 457.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.39 457.25 Td (, ) Tj ET Q q 0 0 0 rg BT 125.39 457.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 161.21 457.25 Td (of) Tj ET Q q 0 0 0 rg BT 169.36 457.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 186.30 457.25 Td (by ) Tj ET Q q 0 0 0 rg BT 198.80 457.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 219.07 457.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 257.12 457.25 Td (by ) Tj ET Q q 0 0 0 rg BT 269.62 457.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 291.55 457.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 313.49 457.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 351.53 457.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.36 457.25 Td ($312.4 ) Tj ET Q q 0 0 0 rg BT 392.36 457.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.25 457.25 Td (. ) Tj ET Q q 0 0 0 rg BT 426.25 457.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.50 436.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 98.61 436.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 121.28 436.25 Td (pr) Tj ET Q q 0 0 0 rg BT 129.80 436.25 Td (ovided ) Tj ET Q q 0 0 0 rg BT 158.01 436.25 Td (by ) Tj ET Q q 0 0 0 rg BT 169.00 436.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 208.33 436.25 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.92 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.48 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.03 436.25 Td (During ) Tj ET Q q 0 0 0 rg BT 279.91 436.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.68 436.25 Td (three ) Tj ET Q q 0 0 0 rg BT 315.22 436.25 Td (months ) Tj ET Q q 0 0 0 rg BT 346.22 436.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 371.64 436.25 Td (March ) Tj ET Q q 0 0 0 rg BT 399.29 436.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 413.35 436.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.35 436.25 Td (, ) Tj ET Q q 0 0 0 rg BT 437.40 436.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.28 436.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 471.60 436.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 508.70 436.25 Td (by ) Tj ET Q q 0 0 0 rg BT 520.25 436.25 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 424.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 93.25 424.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.73 424.25 Td ($3,189.5 ) Tj ET Q q 0 0 0 rg BT 142.88 424.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.78 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.93 424.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 215.29 424.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 255.66 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.14 424.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 288.06 424.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 326.76 424.25 Td (by ) Tj ET Q q 0 0 0 rg BT 339.91 424.25 Td (new ) Tj ET Q q 0 0 0 rg BT 359.73 424.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 400.64 424.25 Td (proceeds, ) Tj ET Q q 0 0 0 rg BT 441.83 424.25 Td (net ) Tj ET Q q 0 0 0 rg BT 457.20 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.68 424.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 489.05 424.25 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 540.79 424.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 412.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 91.30 412.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 114.73 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.59 412.25 Td (other ) Tj ET Q q 0 0 0 rg BT 156.56 412.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.75 412.25 Td (outflows ) Tj ET Q q 0 0 0 rg BT 216.18 412.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.93 412.25 Td ($3,279.8 ) Tj ET Q q 0 0 0 rg BT 266.36 412.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.25 412.25 Td (, ) Tj ET Q q 0 0 0 rg BT 301.17 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.03 412.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.23 412.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 379.20 412.25 Td (by ) Tj ET Q q 0 0 0 rg BT 392.62 412.25 Td (net ) Tj ET Q q 0 0 0 rg BT 408.26 412.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 442.78 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.54 412.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 508.49 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.35 412.25 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 400.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 89.10 400.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.76 400.25 Td ($29.5 ) Tj ET Q q 0 0 0 rg BT 124.59 400.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.48 400.25 Td (, ) Tj ET Q q 0 0 0 rg BT 158.31 400.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 193.95 400.25 Td (of) Tj ET Q q 0 0 0 rg BT 202.10 400.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 218.87 400.25 Td (by ) Tj ET Q q 0 0 0 rg BT 231.19 400.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 251.29 400.25 Td (used ) Tj ET Q q 0 0 0 rg BT 271.95 400.25 Td (for ) Tj ET Q q 0 0 0 rg BT 285.93 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.48 400.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 346.11 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.77 400.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 384.08 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.85 400.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 441.50 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.16 400.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 466.70 400.25 Td (withholdings ) Tj ET Q q 0 0 0 rg BT 521.25 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 533.58 400.25 Td (share-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 388.25 Td (based ) Tj ET Q q 0 0 0 rg BT 78.73 388.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 136.23 388.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.52 388.25 Td ($1) Tj ET Q q 0 0 0 rg BT 156.15 388.25 Td (18.6 ) Tj ET Q q 0 0 0 rg BT 175.61 388.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 388.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.46 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.86 388.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.59 388.25 Td (used ) Tj ET Q q 0 0 0 rg BT 262.88 388.25 Td (for ) Tj ET Q q 0 0 0 rg BT 276.50 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.68 388.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 327.07 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.36 388.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 378.21 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.95 388.25 Td (our ) Tj ET Q q 0 0 0 rg BT 403.24 388.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 467.41 388.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.81 388.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 530.21 388.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.50 388.25 Td ($1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 376.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.89 376.25 Td (. ) Tj ET Q q 0 0 0 rg BT 88.57 376.25 Td (During ) Tj ET Q q 0 0 0 rg BT 120.07 376.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.46 376.25 Td (three ) Tj ET Q q 0 0 0 rg BT 158.63 376.25 Td (months ) Tj ET Q q 0 0 0 rg BT 191.25 376.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.30 376.25 Td (March ) Tj ET Q q 0 0 0 rg BT 247.57 376.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 263.25 376.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.25 376.25 Td (, ) Tj ET Q q 0 0 0 rg BT 288.93 376.25 Td (our ) Tj ET Q q 0 0 0 rg BT 305.43 376.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 326.37 376.25 Td (used ) Tj ET Q q 0 0 0 rg BT 347.88 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 358.83 376.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 399.77 376.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 439.05 376.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.55 376.25 Td ($1,197.1 ) Tj ET Q q 0 0 0 rg BT 488.73 376.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.62 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 520.79 376.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 364.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 93.61 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.34 364.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.50 364.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 162.45 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 174.84 364.25 Td (new ) Tj ET Q q 0 0 0 rg BT 193.90 364.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 234.06 364.25 Td (proceeds, ) Tj ET Q q 0 0 0 rg BT 274.50 364.25 Td (net ) Tj ET Q q 0 0 0 rg BT 289.11 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.83 364.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 319.45 364.25 Td (repayments ) Tj ET Q q 0 0 0 rg BT 367.94 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.77 364.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 404.39 364.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 440.66 364.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 463.06 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.89 364.25 Td (other ) Tj ET Q q 0 0 0 rg BT 502.83 364.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 523.00 364.25 Td (outflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 352.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.56 352.25 Td ($1,265.3 ) Tj ET Q q 0 0 0 rg BT 101.79 352.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.68 352.25 Td (, ) Tj ET Q q 0 0 0 rg BT 135.41 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.08 352.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 172.07 352.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 209.85 352.25 Td (by ) Tj ET Q q 0 0 0 rg BT 222.08 352.25 Td (net ) Tj ET Q q 0 0 0 rg BT 236.52 352.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 269.85 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.41 352.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 333.16 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.83 352.25 Td (security ) Tj ET Q q 0 0 0 rg BT 383.71 352.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 418.72 352.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.28 352.25 Td ($74.5 ) Tj ET Q q 0 0 0 rg BT 454.01 352.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.90 352.25 Td (, ) Tj ET Q q 0 0 0 rg BT 487.63 352.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 523.18 352.25 Td (of) Tj ET Q q 0 0 0 rg BT 531.33 352.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 548.00 352.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 340.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 74.54 340.25 Td (used ) Tj ET Q q 0 0 0 rg BT 95.65 340.25 Td (for ) Tj ET Q q 0 0 0 rg BT 110.09 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.08 340.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 171.16 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.27 340.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 210.03 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.25 340.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 268.35 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.45 340.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 294.45 340.25 Td (withholdings ) Tj ET Q q 0 0 0 rg BT 349.45 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.23 340.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 412.20 340.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 470.52 340.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.62 340.25 Td ($141.0 ) Tj ET Q q 0 0 0 rg BT 511.90 340.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.79 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.57 340.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 328.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 74.27 328.25 Td (used ) Tj ET Q q 0 0 0 rg BT 95.10 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 109.26 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.98 328.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 160.91 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.74 328.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 213.13 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.40 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.23 328.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 303.95 328.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 335.88 328.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 367.82 328.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 328.25 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 398.65 328.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.54 328.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 307.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 307.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.61 307.25 Td (have ) Tj ET Q q 0 0 0 rg BT 112.53 307.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 156.77 307.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 185.46 307.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 242.20 307.25 Td (including ) Tj ET Q q 0 0 0 rg BT 282.01 307.25 Td (making ) Tj ET Q q 0 0 0 rg BT 314.04 307.25 Td (pre-delivery ) Tj ET Q q 0 0 0 rg BT 364.94 307.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 405.30 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.77 307.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 451.03 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.28 307.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 497.85 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.21 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.47 307.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 295.25 Td (price ) Tj ET Q q 0 0 0 rg BT 76.62 295.25 Td (for ) Tj ET Q q 0 0 0 rg BT 90.92 295.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 122.43 295.25 Td (on ) Tj ET Q q 0 0 0 rg BT 135.06 295.25 Td (delivery) Tj ET Q q 0 0 0 rg BT 167.18 295.25 Td (. ) Tj ET Q q 0 0 0 rg BT 171.74 295.25 Td (As ) Tj ET Q q 0 0 0 rg BT 185.49 295.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.46 295.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 240.19 295.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.19 295.25 Td (, ) Tj ET Q q 0 0 0 rg BT 265.33 295.25 Td (we ) Tj ET Q q 0 0 0 rg BT 279.63 295.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.71 295.25 Td (342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.71 295.25 Td ( ) Tj ET Q q 0 0 0 rg BT 314.35 295.25 Td (new ) Tj ET Q q 0 0 0 rg BT 333.65 295.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 365.15 295.25 Td (on ) Tj ET Q q 0 0 0 rg BT 377.79 295.25 Td (order) Tj ET Q q 0 0 0 rg BT 398.49 295.25 Td (, ) Tj ET Q q 0 0 0 rg BT 403.63 295.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.04 295.25 Td (182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.04 295.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.10 295.25 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 490.38 295.25 Td (A320neo ) Tj ET Q q 0 0 0 rg BT 529.67 295.25 Td (Family ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 283.25 Td (aircraft, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.18 283.25 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.18 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.00 283.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 132.71 283.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 150.52 283.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 176.68 283.25 Td (aircraft, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.86 283.25 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.86 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.68 283.25 Td (Embraer ) Tj ET Q q 0 0 0 rg BT 260.92 283.25 Td (E-Jets ) Tj ET Q q 0 0 0 rg BT 288.18 283.25 Td (E2 ) Tj ET Q q 0 0 0 rg BT 302.11 283.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 333.79 283.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.04 283.25 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.04 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.86 283.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 395.57 283.25 Td (787 ) Tj ET Q q 0 0 0 rg BT 413.39 283.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 446.95 283.25 Td (As ) Tj ET Q q 0 0 0 rg BT 460.88 283.25 Td (a ) Tj ET Q q 0 0 0 rg BT 468.14 283.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 495.67 283.25 Td (we ) Tj ET Q q 0 0 0 rg BT 510.15 283.25 Td (will ) Tj ET Q q 0 0 0 rg BT 528.53 283.25 Td (need ) Tj ET Q q 0 0 0 rg BT 550.22 283.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 271.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 75.19 271.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 117.49 271.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 142.03 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.12 271.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 180.54 271.25 Td (these ) Tj ET Q q 0 0 0 rg BT 203.40 271.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 260.42 271.25 Td (which ) Tj ET Q q 0 0 0 rg BT 287.17 271.25 Td (we ) Tj ET Q q 0 0 0 rg BT 301.14 271.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 329.55 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.64 271.25 Td (do ) Tj ET Q q 0 0 0 rg BT 351.96 271.25 Td (through ) Tj ET Q q 0 0 0 rg BT 385.38 271.25 Td (a ) Tj ET Q q 0 0 0 rg BT 392.13 271.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 444.43 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.08 271.25 Td (accessing ) Tj ET Q q 0 0 0 rg BT 495.71 271.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 540.79 271.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 259.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 91.67 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.34 259.25 Td (securing ) Tj ET Q q 0 0 0 rg BT 146.45 259.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 189.68 259.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 233.18 259.25 Td (if ) Tj ET Q q 0 0 0 rg BT 242.52 259.25 Td (needed, ) Tj ET Q q 0 0 0 rg BT 276.58 259.25 Td (from ) Tj ET Q q 0 0 0 rg BT 299.25 259.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 329.14 259.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 364.03 259.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 415.03 259.25 Td (or ) Tj ET Q q 0 0 0 rg BT 426.60 259.25 Td (other ) Tj ET Q q 0 0 0 rg BT 450.38 259.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 483.61 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.17 259.25 Td (capital. ) Tj ET Q q 0 0 0 rg BT 527.56 259.25 Td (If ) Tj ET Q q 0 0 0 rg BT 537.46 259.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 247.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 85.30 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.94 247.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 122.90 247.25 Td (are ) Tj ET Q q 0 0 0 rg BT 136.42 247.25 Td (not ) Tj ET Q q 0 0 0 rg BT 150.51 247.25 Td (available ) Tj ET Q q 0 0 0 rg BT 187.91 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.00 247.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 209.70 247.25 Td (we ) Tj ET Q q 0 0 0 rg BT 222.67 247.25 Td (may ) Tj ET Q q 0 0 0 rg BT 241.20 247.25 Td (need ) Tj ET Q q 0 0 0 rg BT 261.39 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.48 247.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 290.67 247.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 331.97 247.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 355.50 247.25 Td (through ) Tj ET Q q 0 0 0 rg BT 387.92 247.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 415.90 247.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 446.07 247.25 Td (or ) Tj ET Q q 0 0 0 rg BT 455.71 247.25 Td (other ) Tj ET Q q 0 0 0 rg BT 477.57 247.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 507.74 247.25 Td (investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.25 Td (including ) Tj ET Q q 0 0 0 rg BT 94.27 235.25 Td (participations ) Tj ET Q q 0 0 0 rg BT 151.20 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.48 235.25 Td (our ) Tj ET Q q 0 0 0 rg BT 177.31 235.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 198.15 235.25 Td (ventures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 214.25 Td (As ) Tj ET Q q 0 0 0 rg BT 89.95 214.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.63 214.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 144.07 214.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.07 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.91 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.58 214.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 218.58 214.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 250.92 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.59 214.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 297.82 214.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.49 214.25 Td ($10.9 ) Tj ET Q q 0 0 0 rg BT 333.33 214.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.45 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 364.29 214.25 Td (including ) Tj ET Q q 0 0 0 rg BT 404.40 214.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 445.06 214.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 485.17 214.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 505.28 214.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 529.84 214.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.51 214.25 Td ($2.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 202.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.11 202.25 Td (, ) Tj ET Q q 0 0 0 rg BT 84.83 202.25 Td (were ) Tj ET Q q 0 0 0 rg BT 106.48 202.25 Td (suf) Tj ET Q q 0 0 0 rg BT 118.52 202.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 146.28 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.28 202.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 187.92 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 203.47 202.25 Td (business ) Tj ET Q q 0 0 0 rg BT 239.58 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.23 202.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 280.66 202.25 Td (2.0x ) Tj ET Q q 0 0 0 rg BT 300.38 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.93 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 326.47 202.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 345.91 202.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 388.12 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.77 202.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 448.63 202.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 477.50 202.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 531.92 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 545.80 202.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 190.25 Td (next ) Tj ET Q q 0 0 0 rg BT 74.07 190.25 Td (12months. ) Tj ET Q q 0 0 0 rg BT 121.37 190.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 139.78 190.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 172.62 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.80 190.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 220.55 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 235.06 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.13 190.25 Td (next ) Tj ET Q q 0 0 0 rg BT 270.20 190.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 283.05 190.25 Td (months ) Tj ET Q q 0 0 0 rg BT 315.35 190.25 Td (include ) Tj ET Q q 0 0 0 rg BT 347.64 190.25 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 385.48 190.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 407.22 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.41 190.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 446.52 190.25 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 496.58 190.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 519.70 190.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 178.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.26 178.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 114.53 178.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 141.75 178.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 162.02 178.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 186.74 178.25 Td (from ) Tj ET Q q 0 0 0 rg BT 208.68 178.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 252.82 178.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 274.76 178.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 296.70 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.64 178.25 Td (other ) Tj ET Q q 0 0 0 rg BT 336.69 178.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 369.18 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.01 178.25 Td (funding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 157.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.71 157.25 Td (As ) Tj ET Q q 0 0 0 rg BT 94.95 157.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.40 157.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 152.63 157.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.63 157.25 Td (, ) Tj ET Q q 0 0 0 rg BT 179.25 157.25 Td (our ) Tj ET Q q 0 0 0 rg BT 196.70 157.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.60 157.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 253.25 157.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.93 157.25 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 294.55 157.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.66 157.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.29 157.25 Td (including ) Tj ET Q q 0 0 0 rg BT 369.18 157.25 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 420.51 157.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 442.40 157.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.85 157.25 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 476.48 157.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.59 157.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.22 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.78 157.25 Td (we ) Tj ET Q q 0 0 0 rg BT 543.56 157.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 145.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.91 145.25 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 135.56 145.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.67 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.82 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.30 145.25 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 214.43 145.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 236.47 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.95 145.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 273.86 145.25 Td (available ) Tj ET Q q 0 0 0 rg BT 313.10 145.25 Td (under ) Tj ET Q q 0 0 0 rg BT 339.01 145.25 Td (our ) Tj ET Q q 0 0 0 rg BT 355.49 145.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 396.97 145.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 422.88 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.47 145.25 Td (term ) Tj ET Q q 0 0 0 rg BT 461.94 145.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 482.30 145.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 519.88 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.47 145.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 133.25 Td (available ) Tj ET Q q 0 0 0 rg BT 92.41 133.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 125.27 133.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 146.80 133.25 Td (As ) Tj ET Q q 0 0 0 rg BT 160.24 133.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.89 133.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 214.31 133.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.31 133.25 Td (, ) Tj ET Q q 0 0 0 rg BT 239.13 133.25 Td (our ) Tj ET Q q 0 0 0 rg BT 254.79 133.25 Td (total ) Tj ET Q q 0 0 0 rg BT 274.88 133.25 Td (available ) Tj ET Q q 0 0 0 rg BT 313.30 133.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 346.54 133.25 Td (, ) Tj ET Q q 0 0 0 rg BT 351.36 133.25 Td (including ) Tj ET Q q 0 0 0 rg BT 391.46 133.25 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 428.77 133.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 449.98 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.64 133.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 488.22 133.25 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 537.75 133.25 Td (cash, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 121.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 74.51 121.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 99.48 121.25 Td (from ) Tj ET Q q 0 0 0 rg BT 121.67 121.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 166.05 121.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 188.24 121.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 210.42 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.60 121.25 Td (other ) Tj ET Q q 0 0 0 rg BT 250.90 121.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 283.63 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.71 121.25 Td (funding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.82 121.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.06 121.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.36 121.25 Td ($8.2 ) Tj ET Q q 0 0 0 rg BT 369.60 121.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.72 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.46 121.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 418.15 121.25 Td (including ) Tj ET Q q 0 0 0 rg BT 458.67 121.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 499.73 121.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 540.24 121.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 109.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 78.90 109.25 Td (for ) Tj ET Q q 0 0 0 rg BT 93.25 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.15 109.25 Td (next ) Tj ET Q q 0 0 0 rg BT 128.05 109.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 140.73 109.25 Td (months, ) Tj ET Q q 0 0 0 rg BT 175.36 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 191.38 109.25 Td (total ) Tj ET Q q 0 0 0 rg BT 211.83 109.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 244.51 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.52 109.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 292.09 109.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.21 109.25 Td ($10.9 ) Tj ET Q q 0 0 0 rg BT 339.39 109.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.50 109.25 Td (. ) Tj ET Q q 0 0 0 rg BT 370.09 109.25 Td (As ) Tj ET Q q 0 0 0 rg BT 383.89 109.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.90 109.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 438.68 109.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.68 109.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.87 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.77 109.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 516.99 109.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 549.67 109.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 70.10 97.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 119.54 97.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 176.47 97.25 Td (which ) Tj ET Q q 0 0 0 rg BT 203.68 97.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 241.44 97.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 258.09 97.25 Td (value ) Tj ET Q q 0 0 0 rg BT 282.52 97.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 333.07 97.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.17 97.25 Td ($79.8 ) Tj ET Q q 0 0 0 rg BT 369.44 97.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.34 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.11 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.32 97.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.31 97.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 474.96 97.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 500.24 97.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 520.23 97.25 Td (discounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.07 85.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 90.91 85.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 129.64 85.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.60 85.25 Td ($129.0 ) Tj ET Q q 0 0 0 rg BT 170.73 85.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.62 85.25 Td (, ) Tj ET Q q 0 0 0 rg BT 204.75 85.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.59 85.25 Td ($32.8 ) Tj ET Q q 0 0 0 rg BT 259.72 85.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.83 85.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.46 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.53 85.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 345.37 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.33 85.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 383.40 85.25 Td (unsecured, ) Tj ET Q q 0 0 0 rg BT 429.06 85.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 483.35 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.42 85.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 527.48 85.25 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 73.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 80.11 73.25 Td (export ) Tj ET Q q 0 0 0 rg BT 108.16 73.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 133.42 73.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 172.85 73.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 222.54 73.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 244.48 73.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 266.70 73.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 307.53 73.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 332.79 73.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 355.01 73.25 Td (securitization ) Tj ET Q q 0 0 0 rg BT 411.37 73.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 431.09 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.03 73.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 477.18 73.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 499.66 73.25 Td (structures. ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (41) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 731.10 Td (In ) Tj ET Q q 0 0 0 rg BT 86.92 731.10 Td (order ) Tj ET Q q 0 0 0 rg BT 110.11 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.98 731.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 148.18 731.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.60 731.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 210.11 731.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 247.74 731.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 296.78 731.10 Td (we ) Tj ET Q q 0 0 0 rg BT 310.53 731.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 338.71 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.58 731.10 Td (source ) Tj ET Q q 0 0 0 rg BT 376.77 731.10 Td (new ) Tj ET Q q 0 0 0 rg BT 395.52 731.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 414.83 731.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 446.35 731.10 Td (through ) Tj ET Q q 0 0 0 rg BT 479.55 731.10 Td (access ) Tj ET Q q 0 0 0 rg BT 507.17 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.04 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.35 731.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 90.97 719.10 Td (including ) Tj ET Q q 0 0 0 rg BT 131.56 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.59 719.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 189.94 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.19 719.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 240.54 719.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 263.36 719.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 300.33 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.36 719.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 365.37 719.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 387.62 719.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 420.70 719.10 Td (export ) Tj ET Q q 0 0 0 rg BT 449.06 719.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 474.64 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.89 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.92 719.10 Td (asset-backed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 94.26 707.10 Td (market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 686.10 Td (In ) Tj ET Q q 0 0 0 rg BT 86.88 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.15 686.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 128.75 686.10 Td (term, ) Tj ET Q q 0 0 0 rg BT 151.63 686.10 Td (we ) Tj ET Q q 0 0 0 rg BT 165.34 686.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 193.49 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.32 686.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 223.70 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.97 686.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 268.35 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.73 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.12 686.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 332.56 686.10 Td (including ) Tj ET Q q 0 0 0 rg BT 372.38 686.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 412.20 686.10 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 445.62 686.10 Td (through ) Tj ET Q q 0 0 0 rg BT 478.78 686.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 519.15 686.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 74.27 674.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 101.49 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.21 674.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 160.90 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.73 674.10 Td (new ) Tj ET Q q 0 0 0 rg BT 190.89 674.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 213.11 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.82 674.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 275.86 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.69 674.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 320.85 674.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 340.57 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.51 674.10 Td (other ) Tj ET Q q 0 0 0 rg BT 380.55 674.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 409.70 674.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 439.42 674.10 Td (initiatives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 653.10 Td (During ) Tj ET Q q 0 0 0 rg BT 106.31 653.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 653.10 Td (three ) Tj ET Q q 0 0 0 rg BT 141.46 653.10 Td (months ) Tj ET Q q 0 0 0 rg BT 172.38 653.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.74 653.10 Td (March ) Tj ET Q q 0 0 0 rg BT 225.31 653.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 239.29 653.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.29 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.26 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.07 653.10 Td (average ) Tj ET Q q 0 0 0 rg BT 310.63 653.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 328.22 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.02 653.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 359.21 653.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 400.12 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.82 653.10 Td (ef) Tj ET Q q 0 0 0 rg BT 421.40 653.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 437.87 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.67 653.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 511.90 653.10 Td (movements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 66.21 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 81.74 641.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 113.38 641.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 130.58 641.10 Td (caps ) Tj ET Q q 0 0 0 rg BT 150.55 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.20 641.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 196.35 641.10 Td (was ) Tj ET Q q 0 0 0 rg BT 214.11 641.10 Td (4.1%. ) Tj ET Q q 0 0 0 rg BT 239.16 641.10 Td (As ) Tj ET Q q 0 0 0 rg BT 252.48 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.01 641.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 306.32 641.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.32 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 331.03 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 346.56 641.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 382.10 641.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 401.52 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.51 641.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 438.71 641.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 459.24 641.10 Td (was ) Tj ET Q q 0 0 0 rg BT 477.00 641.10 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 491.71 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.69 641.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 511.40 641.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 539.15 641.10 Td (refer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 65.78 629.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 90.32 629.10 Td (I. ) Tj ET Q q 0 0 0 rg BT 100.15 629.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 141.36 629.10 Td (InformationItem ) Tj ET Q q 0 0 0 rg BT 221.44 629.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 232.94 629.10 Td (Management) Tj ET Q q 0 0 0 rg BT 287.92 629.10 Td (s ) Tj ET Q q 0 0 0 rg BT 295.81 629.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 343.70 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.25 629.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 400.25 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.58 629.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 453.79 629.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 497.79 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.23 629.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 549.67 629.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (OperationsNon-GAAP) Tj ET Q q 0 0 0 rg BT 155.28 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.30 617.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 200.97 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.65 617.10 Td (further ) Tj ET Q q 0 0 0 rg BT 243.87 617.10 Td (information ) Tj ET Q q 0 0 0 rg BT 293.10 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.12 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.47 617.10 Td (average ) Tj ET Q q 0 0 0 rg BT 353.58 617.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 371.70 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.05 617.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 401.29 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.75 617.10 Td (reconciliations ) Tj ET Q q 0 0 0 rg BT 478.63 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.98 617.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 524.32 617.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 543.56 617.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 89.83 605.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 117.32 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.60 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.32 605.10 Td (most ) Tj ET Q q 0 0 0 rg BT 164.26 605.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 195.09 605.10 Td (related ) Tj ET Q q 0 0 0 rg BT 224.79 605.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 245.07 605.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 271.93 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.43 605.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 314.14 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.97 605.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 605.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 379.40 605.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.40 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.90 605.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.83 605.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 477.42 605.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.42 605.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 584.10 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 108.16 584.10 Td (obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 563.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.40 563.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 143.17 563.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 190.96 563.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 222.09 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.77 563.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 272.66 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.45 563.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 323.23 563.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 364.91 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 378.26 563.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 398.82 563.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 444.94 563.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 462.16 563.10 Td (value ) Tj ET Q q 0 0 0 rg BT 487.17 563.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 540.79 563.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 551.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 89.60 551.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 113.82 551.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 132.75 551.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 172.25 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.41 551.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 207.35 551.10 Td (premium\), ) Tj ET Q q 0 0 0 rg BT 251.00 551.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 288.25 551.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 325.51 551.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 372.76 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.26 551.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 419.52 551.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 450.10 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.26 551.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 483.53 551.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 523.57 551.10 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 63.68 539.10 Td (our ) Tj ET Q q 0 0 0 rg BT 78.91 539.10 Td (of) Tj ET Q q 0 0 0 rg BT 87.06 539.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 103.94 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.28 539.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 150.50 539.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 178.64 539.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.28 539.10 Td (e ) Tj ET Q q 0 0 0 rg BT 193.61 539.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 220.51 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.19 539.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 250.42 539.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.65 539.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 311.96 539.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 358.31 539.10 Td (through ) Tj ET Q q 0 0 0 rg BT 391.31 539.10 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 440.42 539.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 462.58 539.10 Td (lines-of-credit ) Tj ET Q q 0 0 0 rg BT 521.12 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.46 539.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 527.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 104.57 527.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.84 527.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 165.13 527.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 189.86 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.82 527.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 227.10 527.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 251.84 527.10 Td (from ) Tj ET Q q 0 0 0 rg BT 273.79 527.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 295.74 527.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 320.01 527.10 Td (W) Tj ET Q q 0 0 0 rg BT 328.65 527.10 Td (e ) Tj ET Q q 0 0 0 rg BT 335.61 527.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 366.99 527.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.50 527.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.35 527.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 432.85 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.70 527.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 480.10 527.10 Td (will ) Tj ET Q q 0 0 0 rg BT 498.17 527.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.13 527.10 Td (suf) Tj ET Q q 0 0 0 rg BT 522.17 527.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 550.22 527.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 515.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 75.93 515.10 Td (our ) Tj ET Q q 0 0 0 rg BT 91.76 515.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 138.68 515.10 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 494.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.44 494.10 Td (following ) Tj ET Q q 0 0 0 rg BT 135.72 494.10 Td (table ) Tj ET Q q 0 0 0 rg BT 157.55 494.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 194.38 494.10 Td (details ) Tj ET Q q 0 0 0 rg BT 222.88 494.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 263.59 494.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.31 494.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 326.13 494.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 372.96 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.80 494.10 Td (their ) Tj ET Q q 0 0 0 rg BT 410.52 494.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 447.34 494.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 470.28 494.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.01 494.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.73 494.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 535.22 494.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.22 494.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 449.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 449.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 449.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 449.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 449.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 449.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 449.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 449.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 419.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 419.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 419.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 419.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 419.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 419.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 419.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 419.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 389.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 389.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 389.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 389.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 389.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 389.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 389.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 389.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 359.60 138.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 359.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 359.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 359.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 359.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 359.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 359.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 359.60 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 462.6 m 244.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 462.6 m 296.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 462.6 m 348.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 462.6 m 400.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 462.6 m 452.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 462.6 m 504.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 462.6 m 558.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 359.6 m 296.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 359.6 m 348.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 359.6 m 400.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 359.6 m 452.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 359.6 m 504.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 359.6 m 558.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 359.6 m 244.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 345.6 m 244.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 343.6 m 244.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 359.6 m 296.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 345.6 m 296.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 343.6 m 296.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 359.6 m 348.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 345.6 m 348.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 343.6 m 348.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 359.6 m 400.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 345.6 m 400.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 343.6 m 400.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 359.6 m 452.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 345.6 m 452.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 343.6 m 452.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 359.6 m 504.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 345.6 m 504.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 343.6 m 504.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 359.6 m 558.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 345.6 m 558.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 343.6 m 558.5 343.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.65 474.83 Td (2020 -) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.50 466.83 Td (r) Tj ET Q q 0 0 0 rg BT 205.98 466.83 Td (emaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.00 466.83 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.00 466.83 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 466.83 Td (2023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.00 466.83 Td (2024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.70 466.83 Td (Ther) Tj ET Q q 0 0 0 rg BT 478.51 466.83 Td (eafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.25 466.83 Td (T) Tj ET Q q 0 0 0 rg BT 528.85 466.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.85 454.28 Td (\(U.S. Dollars in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 439.72 Td (Unsecured debt facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.60 439.27 Td (2,500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 439.27 Td (3,550.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.60 439.27 Td (4,253.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.60 439.27 Td (1,870.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.60 439.27 Td (5,650.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.60 439.27 Td (3,450.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.60 439.27 Td (21,274.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 424.72 Td (Secured debt facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 424.27 Td (599.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 424.27 Td (898.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.60 424.27 Td (1,902.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.60 424.27 Td (1,715.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.60 424.27 Td (1,414.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.60 424.27 Td (2,712.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.60 424.27 Td (9,242.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 409.72 Td (Subordinated debt facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.65 409.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 409.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 409.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 409.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 409.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.60 409.27 Td (2,293.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.60 409.27 Td (2,293.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 394.72 Td (Estimated interest payments \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 394.27 Td (992.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 394.27 Td (1,098.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 394.27 Td (889.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 394.27 Td (628.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 394.27 Td (417.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.60 394.27 Td (4,469.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.60 394.27 Td (8,496.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 379.27 Td (Purchase obligations \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.60 379.27 Td (1,223.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 379.27 Td (3,332.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.60 379.27 Td (4,275.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.60 379.27 Td (3,252.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.60 379.27 Td (2,321.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.60 379.27 Td (1,535.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.60 379.27 Td (15,941.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 364.72 Td (Operating leases \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.15 364.27 Td (6.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 364.27 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 364.27 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 364.27 Td (8.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 364.27 Td (6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 364.27 Td (27.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 364.27 Td (65.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 349.28 Td (T) Tj ET Q q 0 0 0 rg BT 62.75 349.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.00 349.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.60 349.28 Td (5,321.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.00 349.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.60 349.28 Td (8,887.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.00 349.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.60 349.28 Td (1) Tj ET Q q 0 0 0 rg BT 314.60 349.28 Td (1,330.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 349.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.60 349.28 Td (7,475.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 349.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.60 349.28 Td (9,810.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.00 349.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 349.28 Td (14,487.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 349.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.60 349.28 Td (57,313.3) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 334.6 m 172.5 334.6 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 322.10 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 322.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 111.01 322.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 140.52 322.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 178.04 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.55 322.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 222.57 322.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.08 322.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 257.59 322.10 Td (are ) Tj ET Q q 0 0 0 rg BT 271.60 322.10 Td (based ) Tj ET Q q 0 0 0 rg BT 295.11 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.14 322.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 327.15 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 337.67 322.10 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.18 322.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 388.19 322.10 Td (2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.19 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.47 322.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 450.48 322.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 479.99 322.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 517.50 322.10 Td (include ) Tj ET Q q 0 0 0 rg BT 547.02 322.10 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 313.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 108.74 313.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 135.48 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.23 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.47 313.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.21 313.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 203.95 313.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 224.70 313.10 Td (agreements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 301.10 Td (\(b\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 301.10 Td (Includes ) Tj ET Q q 0 0 0 rg BT 105.50 301.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 157.50 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.50 301.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 202.50 301.10 Td (340 ) Tj ET Q q 0 0 0 rg BT 219.00 301.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 247.98 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.99 301.10 Td (two ) Tj ET Q q 0 0 0 rg BT 280.49 301.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 315.48 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.48 301.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 369.47 301.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 417.49 301.10 Td (The ) Tj ET Q q 0 0 0 rg BT 434.49 301.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 461.00 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.51 301.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.51 301.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 521.50 301.10 Td (obligation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 292.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 109.03 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.57 292.10 Td (this ) Tj ET Q q 0 0 0 rg BT 134.11 292.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.14 292.10 Td (is ) Tj ET Q q 0 0 0 rg BT 162.69 292.10 Td (based ) Tj ET Q q 0 0 0 rg BT 185.72 292.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.25 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.79 292.10 Td (current ) Tj ET Q q 0 0 0 rg BT 239.81 292.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 278.09 292.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 295.63 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.17 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.70 292.10 Td (current ) Tj ET Q q 0 0 0 rg BT 346.72 292.10 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 383.26 292.10 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 417.29 292.10 Td (we ) Tj ET Q q 0 0 0 rg BT 430.32 292.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 456.35 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 472.38 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.91 292.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 517.94 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.98 292.10 Td (many ) Tj ET Q q 0 0 0 rg BT 550.51 292.10 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 283.10 Td (our ) Tj ET Q q 0 0 0 rg BT 86.57 283.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 115.11 283.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.68 283.10 Td (order ) Tj ET Q q 0 0 0 rg BT 148.24 283.10 Td (will ) Tj ET Q q 0 0 0 rg BT 164.81 283.10 Td (be ) Tj ET Q q 0 0 0 rg BT 175.88 283.10 Td (delayed ) Tj ET Q q 0 0 0 rg BT 206.43 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.00 283.10 Td (future ) Tj ET Q q 0 0 0 rg BT 240.06 283.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 271.37 283.10 Td (In ) Tj ET Q q 0 0 0 rg BT 281.44 283.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 315.76 283.10 Td (we ) Tj ET Q q 0 0 0 rg BT 328.82 283.10 Td (have ) Tj ET Q q 0 0 0 rg BT 348.38 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.95 283.10 Td (right ) Tj ET Q q 0 0 0 rg BT 381.51 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.08 283.10 Td (reschedule ) Tj ET Q q 0 0 0 rg BT 432.13 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.70 283.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 477.75 283.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 498.82 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.88 283.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 535.93 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 546.00 283.10 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 274.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 100.23 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.48 274.10 Td (order ) Tj ET Q q 0 0 0 rg BT 132.71 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.97 274.10 Td (future ) Tj ET Q q 0 0 0 rg BT 165.70 274.10 Td (dates. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 262.10 Td (\(c\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 262.10 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.74 262.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 155.97 262.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 192.71 262.10 Td (on ) Tj ET Q q 0 0 0 rg BT 203.96 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.21 262.10 Td (of) Tj ET Q q 0 0 0 rg BT 225.54 262.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 241.28 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.52 262.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 284.26 262.10 Td (leases.) 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477.65 619.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.30 619.47 Td (\(12,249,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 619.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 605.43 Td (Ordinary shar) Tj ET Q q 0 0 0 rg BT 118.77 605.43 Td (es outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 605.43 Td (129,637,008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 605.43 Td (131,583,489) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 605.43 Td (139,597,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 590.42 Td (Shares of unvested restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.30 590.47 Td (\(2,300,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.30 590.47 Td (\(2,354,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.30 590.47 Td (\(2,418,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 590.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 576.48 Td (Ordinary shar) Tj ET Q q 0 0 0 rg BT 118.86 576.48 Td (es outstanding, excluding shar) Tj ET Q q 0 0 0 rg BT 247.59 576.48 Td (es of unvested) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 566.48 Td (r) Tj ET Q q 0 0 0 rg BT 70.35 566.48 Td (estricted stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 566.43 Td (127,336,413) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 566.43 Td (129,229,171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 566.43 Td (137,179,017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 537.48 Td (Book value per) Tj ET Q q 0 0 0 rg BT 121.27 537.48 Td ( ordinary shar) Tj ET Q q 0 0 0 rg BT 182.76 537.48 Td (e outstanding, excluding shar) Tj ET Q q 0 0 0 rg BT 307.60 537.48 Td (es of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 527.48 Td (unvested r) Tj ET Q q 0 0 0 rg BT 110.54 527.48 Td (estricted stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.00 527.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 527.43 Td (73.69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 527.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 527.43 Td (72.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 527.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 527.43 Td (64.92) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 502.25 Td (Book ) Tj ET Q q 0 0 0 rg BT 102.17 502.25 Td (value ) Tj ET Q q 0 0 0 rg BT 126.33 502.25 Td (per ) Tj ET Q q 0 0 0 rg BT 141.59 502.25 Td (share ) Tj ET Q q 0 0 0 rg BT 165.19 502.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 205.45 502.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.95 502.25 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.28 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.78 502.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.59 502.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 318.19 502.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.19 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.69 502.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.63 502.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 401.23 502.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.23 502.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 481.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 102.89 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.39 481.25 Td (measur) Tj ET Q q 0 0 0 rg BT 136.87 481.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 460.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.01 460.25 Td (following ) Tj ET Q q 0 0 0 rg BT 134.86 460.25 Td (are ) Tj ET Q q 0 0 0 rg BT 149.03 460.25 Td (definitions ) Tj ET Q q 0 0 0 rg BT 193.77 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.07 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 219.36 460.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 264.55 460.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.51 460.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 305.68 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.08 460.25 Td (a ) Tj ET Q q 0 0 0 rg BT 328.49 460.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 385.43 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.72 460.25 Td (such ) Tj ET Q q 0 0 0 rg BT 416.02 460.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 455.19 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.93 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.11 460.25 Td (most ) Tj ET Q q 0 0 0 rg BT 500.52 460.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 530.81 460.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 448.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 74.28 448.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 101.14 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.64 448.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 143.35 448.25 Td (for ) Tj ET Q q 0 0 0 rg BT 157.51 448.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.22 448.25 Td (three ) Tj ET Q q 0 0 0 rg BT 194.71 448.25 Td (months ) Tj ET Q q 0 0 0 rg BT 226.66 448.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 253.03 448.25 Td (March ) Tj ET Q q 0 0 0 rg BT 281.63 448.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 296.63 448.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.63 448.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 427.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.36 427.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 104.84 427.25 Td (margin, ) Tj ET Q q 0 0 0 rg BT 140.27 427.25 Td (annualized ) Tj ET Q q 0 0 0 rg BT 188.77 427.25 Td (net ) Tj ET Q q 0 0 0 rg BT 204.47 427.25 Td (spread, ) Tj ET Q q 0 0 0 rg BT 237.11 427.25 Td (annualized ) Tj ET Q q 0 0 0 rg BT 285.60 427.25 Td (net ) Tj ET Q q 0 0 0 rg BT 301.30 427.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 331.45 427.25 Td (less ) Tj ET Q q 0 0 0 rg BT 349.37 427.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 403.40 427.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.88 427.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 477.04 427.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.52 427.25 Td (average ) Tj ET Q q 0 0 0 rg BT 530.65 427.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 549.68 427.25 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 415.25 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 394.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 93.29 394.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 125.08 394.25 Td (mar) Tj ET Q q 0 0 0 rg BT 140.44 394.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 155.57 394.25 Td (is ) Tj ET Q q 0 0 0 rg BT 164.60 394.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 207.48 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.16 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.73 394.25 Td (dif) Tj ET Q q 0 0 0 rg BT 243.66 394.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 275.42 394.25 Td (between ) Tj ET Q q 0 0 0 rg BT 311.09 394.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 333.99 394.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 356.33 394.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 378.12 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.91 394.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 426.70 394.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 463.76 394.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 505.54 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.11 394.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 549.68 394.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.01 382.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 134.55 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.67 382.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 177.90 382.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 195.67 382.25 Td (caps ) Tj ET Q q 0 0 0 rg BT 216.24 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.47 382.25 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 262.58 382.25 Td (Annualized ) Tj ET Q q 0 0 0 rg BT 311.47 382.25 Td (net ) Tj ET Q q 0 0 0 rg BT 326.48 382.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 355.37 382.25 Td (is ) Tj ET Q q 0 0 0 rg BT 364.83 382.25 Td (net ) Tj ET Q q 0 0 0 rg BT 379.84 382.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 412.07 382.25 Td (mar) Tj ET Q q 0 0 0 rg BT 427.43 382.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 443.00 382.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 485.22 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 496.35 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 503.58 382.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 549.67 382.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 370.25 Td (average ) Tj ET Q q 0 0 0 rg BT 88.76 370.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 112.42 370.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 141.11 370.25 Td (Annualized ) Tj ET Q q 0 0 0 rg BT 190.88 370.25 Td (net ) Tj ET Q q 0 0 0 rg BT 206.77 370.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 236.54 370.25 Td (less ) Tj ET Q q 0 0 0 rg BT 255.22 370.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 308.31 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.42 370.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 380.64 370.25 Td (is ) Tj ET Q q 0 0 0 rg BT 390.98 370.25 Td (net ) Tj ET Q q 0 0 0 rg BT 406.87 370.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 439.98 370.25 Td (mar) Tj ET Q q 0 0 0 rg BT 455.34 370.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 471.80 370.25 Td (less ) Tj ET Q q 0 0 0 rg BT 490.47 370.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 543.56 370.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.25 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 109.60 358.25 Td (including ) Tj ET Q q 0 0 0 rg BT 149.94 358.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 203.03 358.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 228.37 358.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 265.64 358.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 307.63 358.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.53 358.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.53 358.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 371.39 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.29 358.25 Td (average ) Tj ET Q q 0 0 0 rg BT 415.93 358.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 438.48 358.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 466.31 358.25 Td (A) Tj ET Q q 0 0 0 rg BT 472.79 358.25 Td (verage ) Tj ET Q q 0 0 0 rg BT 502.00 358.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 520.67 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.56 358.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 551.34 358.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 346.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 96.98 346.25 Td (as ) Tj ET Q q 0 0 0 rg BT 107.76 346.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.65 346.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 176.81 346.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 218.70 346.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 283.90 346.25 Td (on ) Tj ET Q q 0 0 0 rg BT 296.36 346.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 328.24 346.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 345.68 346.25 Td (caps ) Tj ET Q q 0 0 0 rg BT 365.90 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.80 346.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 412.19 346.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 444.64 346.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.10 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.77 346.25 Td (average ) Tj ET Q q 0 0 0 rg BT 505.30 346.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.97 346.25 Td (balance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 334.25 Td (e ) Tj ET Q q 0 0 0 rg BT 69.53 334.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 100.86 334.25 Td (these ) Tj ET Q q 0 0 0 rg BT 123.86 334.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 163.52 334.25 Td (may ) Tj ET Q q 0 0 0 rg BT 183.19 334.25 Td (further ) Tj ET Q q 0 0 0 rg BT 212.86 334.25 Td (assist ) Tj ET Q q 0 0 0 rg BT 236.98 334.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 275.54 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.78 334.25 Td (their ) Tj ET Q q 0 0 0 rg BT 306.56 334.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 365.67 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.45 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.13 334.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 425.79 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.68 334.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 469.58 334.25 Td (related ) Tj ET Q q 0 0 0 rg BT 499.23 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.47 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.14 334.25 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 63.77 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.54 322.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 108.30 322.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 148.23 322.25 Td (These ) Tj ET Q q 0 0 0 rg BT 173.55 322.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 212.19 322.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 239.16 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.82 322.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 281.47 322.25 Td (from ) Tj ET Q q 0 0 0 rg BT 302.34 322.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 335.99 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.20 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.86 322.25 Td (number ) Tj ET Q q 0 0 0 rg BT 390.84 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.61 322.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 430.91 322.25 Td (leased, ) Tj ET Q q 0 0 0 rg BT 459.84 322.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 481.26 322.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 501.57 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.45 322.25 Td (utilization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 310.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 77.88 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 88.71 310.25 Td (well ) Tj ET Q q 0 0 0 rg BT 108.42 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 119.25 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.97 310.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 163.68 310.25 Td (from ) Tj ET Q q 0 0 0 rg BT 185.62 310.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 220.33 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.61 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.32 310.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 277.82 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.65 310.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 308.37 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.30 310.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.24 310.25 Td (rates.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (43) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.89 731.10 Td (following ) Tj ET Q q 0 0 0 rg BT 134.61 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.12 731.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.40 731.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 206.21 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.38 731.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 238.76 731.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 260.59 731.10 Td (rents ) Tj ET Q q 0 0 0 rg BT 281.86 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.48 731.10 Td (net ) Tj ET Q q 0 0 0 rg BT 305.54 731.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 336.81 731.10 Td (mar) Tj ET Q q 0 0 0 rg BT 352.17 731.10 Td (gin, ) Tj ET Q q 0 0 0 rg BT 369.29 731.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 414.44 731.10 Td (net ) Tj ET Q q 0 0 0 rg BT 428.49 731.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 456.43 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.71 731.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 517.86 731.10 Td (net ) Tj ET Q q 0 0 0 rg BT 531.91 731.10 Td (spread ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.10 Td (less ) Tj ET Q q 0 0 0 rg BT 71.50 719.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 123.42 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.36 719.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 193.39 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.55 719.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.27 719.10 Td (three ) Tj ET Q q 0 0 0 rg BT 244.76 719.10 Td (months ) Tj ET Q q 0 0 0 rg BT 276.71 719.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 303.08 719.10 Td (March ) Tj ET Q q 0 0 0 rg BT 331.68 719.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 346.68 719.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.68 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.18 719.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.12 719.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.12 719.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 669.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 669.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 669.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 669.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 669.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 669.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 640.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 640.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 640.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 640.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 610.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 610.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 610.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 610.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 581.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 581.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 581.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 581.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 552.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 552.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 552.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 552.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 522.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 522.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 522.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 522.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 492.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 492.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 492.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 492.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 492.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 492.60 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 695.6 m 429.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 695.6 m 433.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 695.6 m 504.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 682.6 m 429.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 682.6 m 504.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 682.6 m 558.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 610.6 m 429.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 610.6 m 504.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 610.6 m 429.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 610.6 m 504.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 610.6 m 558.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 595.6 m 429.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 595.6 m 504.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 595.6 m 558.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 566.6 m 429.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 566.6 m 504.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 566.6 m 558.5 566.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.10 699.83 Td (Thr) Tj ET Q q 0 0 0 rg BT 389.36 699.83 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 465.88 699.83 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.15 697.78 Td (Per) Tj ET Q q 0 0 0 rg BT 526.07 697.78 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.30 689.78 Td (Differ) Tj ET Q q 0 0 0 rg BT 535.66 689.78 Td (ence) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 686.83 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.50 686.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.85 674.28 Td (\(U.S. Dollars in millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 660.33 Td (Basic lease r) Tj ET Q q 0 0 0 rg BT 109.67 660.33 Td (ents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 660.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 660.28 Td (1,030.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 660.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 660.28 Td (1,075.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 660.33 Td (\(4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 660.28 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 645.72 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 645.27 Td (318.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 645.27 Td (334.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 645.32 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 645.27 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 630.72 Td (Adjusted for:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 615.72 Td (Mark-to-market of interest rate caps and swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 615.27 Td (\(12.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 615.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 615.27 Td (\(15.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 615.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 615.32 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 615.27 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 600.72 Td (Interest expense excluding mark-to-market of interest rate caps and swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 600.27 Td (306.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 600.27 Td (318.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 600.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 600.27 Td (%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 586.33 Td (Net inter) Tj ET Q q 0 0 0 rg BT 94.95 586.33 Td (est margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 586.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 586.28 Td (724.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 586.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 586.28 Td (757.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 586.33 Td (\(4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 586.28 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 571.27 Td (Depreciation and amortization, including maintenance rights expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 571.27 Td (\(432.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 571.27 Td (\(447.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 571.32 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 571.27 Td (%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 557.33 Td (Net inter) Tj ET Q q 0 0 0 rg BT 94.86 557.33 Td (est margin less depr) Tj ET Q q 0 0 0 rg BT 179.94 557.33 Td (eciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 557.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 557.28 Td (292.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 557.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 557.28 Td (309.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 557.33 Td (\(6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 557.28 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 527.72 Td (A) Tj ET Q q 0 0 0 rg BT 63.48 527.72 Td (verage lease assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 527.27 Td (37,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 527.27 Td (37,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 527.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 527.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 497.27 Td (Annualized net spread) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 497.27 Td (7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 497.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 497.27 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 497.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 490.05 245.20 -8.93 re f /GS0 gs q 0 0 0 rg BT 57.00 483.28 Td (Annualized net spr) Tj ET Q q 0 0 0 rg BT 137.94 483.28 Td (ead less depr) Tj ET Q q 0 0 0 rg BT 192.76 483.28 Td (eciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.50 483.28 Td (3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 483.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 483.28 Td (3.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.00 483.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 458.10 Td (Lease assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 437.10 Td (Lease assets include flight equipment held for operating leases, flight equipment held for sale, net investment in finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td (and sales-type leases and maintenance rights assets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 404.10 Td (Adjusted debt to equity ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 383.10 Td (This ) Tj ET Q q 0 0 0 rg BT 97.11 383.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 133.26 383.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.76 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.81 383.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 178.97 383.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 216.24 383.10 Td (by ) Tj ET Q q 0 0 0 rg BT 229.07 383.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 265.24 383.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 301.40 383.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 321.45 383.10 Td (by ) Tj ET Q q 0 0 0 rg BT 334.28 383.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 370.44 383.10 Td (equity) Tj ET Q q 0 0 0 rg BT 394.79 383.10 Td (. ) Tj ET Q q 0 0 0 rg BT 399.50 383.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 438.44 383.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 458.49 383.10 Td (means ) Tj ET Q q 0 0 0 rg BT 486.87 383.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 540.25 383.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 371.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 73.66 371.10 Td (less ) Tj ET Q q 0 0 0 rg BT 91.10 371.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 111.31 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.19 371.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.39 371.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 198.88 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.76 371.10 Td (less ) Tj ET Q q 0 0 0 rg BT 233.20 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.08 371.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 260.85 371.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 288.28 371.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 313.49 371.10 Td (with ) Tj ET Q q 0 0 0 rg BT 333.70 371.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 364.46 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.68 371.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.32 371.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 446.20 371.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 500.29 371.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 521.91 371.10 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 359.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 81.89 359.10 Td (means ) Tj ET Q q 0 0 0 rg BT 110.33 359.10 Td (total ) Tj ET Q q 0 0 0 rg BT 130.99 359.10 Td (equity) Tj ET Q q 0 0 0 rg BT 155.34 359.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.73 359.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 180.30 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.41 359.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 216.63 359.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 244.52 359.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 270.17 359.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 303.61 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.28 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.39 359.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 371.72 359.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 426.27 359.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 448.24 359.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 487.24 359.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 507.35 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.68 359.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 347.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 80.43 347.10 Td (are ) Tj ET Q q 0 0 0 rg BT 94.06 347.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 128.82 347.10 Td (by ) Tj ET Q q 0 0 0 rg BT 140.25 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.90 347.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 173.66 347.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 200.08 347.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 224.28 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.49 347.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 260.45 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.10 347.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 300.52 347.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 326.94 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.70 347.10 Td (those ) Tj ET Q q 0 0 0 rg BT 359.24 347.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 398.43 347.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 453.73 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.60 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.80 347.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 510.78 347.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 335.10 Td (that ) Tj ET Q q 0 0 0 rg BT 71.68 335.10 Td (is ) Tj ET Q q 0 0 0 rg BT 81.03 335.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 123.71 335.10 Td (with ) Tj ET Q q 0 0 0 rg BT 144.17 335.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 189.62 335.10 Td (under ) Tj ET Q q 0 0 0 rg BT 215.07 335.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 244.96 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.97 335.10 Td (our ) Tj ET Q q 0 0 0 rg BT 271.98 335.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 291.88 335.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 336.85 335.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.49 335.10 Td (e ) Tj ET Q q 0 0 0 rg BT 352.61 335.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 384.17 335.10 Td (this ) Tj ET Q q 0 0 0 rg BT 401.30 335.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 437.29 335.10 Td (may ) Tj ET Q q 0 0 0 rg BT 457.19 335.10 Td (further ) Tj ET Q q 0 0 0 rg BT 487.08 335.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 511.44 335.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 550.23 335.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 323.10 Td (their ) Tj ET Q q 0 0 0 rg BT 74.83 323.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 133.98 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.81 323.10 Td (our ) Tj ET Q q 0 0 0 rg BT 160.64 323.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 189.79 323.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 227.28 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.21 323.10 Td (leverage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 302.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.96 302.10 Td (following ) Tj ET Q q 0 0 0 rg BT 134.76 302.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.35 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.70 302.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 206.60 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.84 302.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 235.97 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.67 302.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 280.91 302.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 300.04 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.39 302.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 343.30 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.00 302.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 388.24 302.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 415.15 302.10 Td (as ) Tj ET Q q 0 0 0 rg BT 425.40 302.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.64 302.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 478.66 302.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.66 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.57 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.92 302.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 290.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 69.00 290.10 Td (2019:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 240.60 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 240.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 240.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 240.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 212.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 212.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 212.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 212.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 182.60 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 182.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 182.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 182.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 154.60 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 154.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 154.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 154.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 126.60 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 126.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 126.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 126.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 98.60 354.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 98.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 98.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 98.60 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 261.6 m 481.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 261.6 m 485.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 261.6 m 558.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 182.60000000000002 m 481.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 182.60000000000002 m 558.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 182.60000000000002 m 481.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 169.60000000000002 m 481.5 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 167.60000000000002 m 481.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 182.60000000000002 m 558.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 169.60000000000002 m 558.5 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 167.60000000000002 m 558.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 167.60000000000002 m 481.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 169.60000000000002 m 481.5 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 167.60000000000002 m 558.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 169.60000000000002 m 558.5 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 112.60000000000002 m 481.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 112.60000000000002 m 558.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 112.60000000000002 m 481.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 99.60000000000002 m 481.5 99.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 97.60000000000002 m 481.5 97.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 112.60000000000002 m 558.5 112.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 99.60000000000002 m 558.5 99.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 97.60000000000002 m 558.5 97.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 97.60000000000002 m 481.5 97.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 99.60000000000002 m 481.5 99.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 97.60000000000002 m 558.5 97.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 99.60000000000002 m 558.5 99.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 84.60000000000002 m 481.5 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 71.60000000000002 m 481.5 71.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 69.60000000000002 m 481.5 69.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 84.60000000000002 m 558.5 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 71.60000000000002 m 558.5 71.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 69.60000000000002 m 558.5 69.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 265.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 433.03 265.83 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.25 265.83 Td (December) Tj ET Q q 0 0 0 rg BT 523.75 265.83 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.20 253.28 Td (\(U.S. Dollars in millions,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.20 245.28 Td ( except debt/equity ratio\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 231.33 Td (Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 231.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 231.28 Td (32,761) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 231.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 231.28 Td (29,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 217.17 Td (Adjusted for:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 202.72 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 202.32 Td (\(4,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 202.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 202.32 Td (\(1,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 202.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 187.72 Td (50% credit for long-term subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 187.32 Td (\(1,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 187.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 187.32 Td (\(1,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 187.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 173.33 Td (Adjusted debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 173.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 173.28 Td (26,942) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 173.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 173.28 Td (27,240) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 145.33 Td (Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 145.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 145.28 Td (9,452) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 145.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 145.28 Td (9,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 131.17 Td (Adjusted for:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 117.17 Td (50% credit for long-term subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 117.17 Td (1,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 117.17 Td (1,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 103.33 Td (Adjusted equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 103.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 103.28 Td (10,577) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 103.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 103.28 Td (10,507) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 75.33 Td (Adjusted debt/equity ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 75.28 Td (2.5 to 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 75.28 Td (2.6 to 1) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q 0 0 0 rg /GS0 gs 53.50 23.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Summarized ) Tj ET Q q 0 0 0 rg BT 110.94 742.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.67 742.25 Td (information ) Tj ET Q q 0 0 0 rg BT 204.27 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.10 742.25 Td (issuers ) Tj ET Q q 0 0 0 rg BT 246.50 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.12 742.25 Td (guarantors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 721.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 123.06 721.25 Td (, ) Tj ET Q q 0 0 0 rg BT 127.51 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.23 721.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 184.14 721.25 Td (with ) Tj ET Q q 0 0 0 rg BT 203.86 721.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 224.70 721.25 Td (3-10 ) Tj ET Q q 0 0 0 rg BT 244.97 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.25 721.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 301.08 721.25 Td (S-X, ) Tj ET Q q 0 0 0 rg BT 321.20 721.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 354.25 721.25 Td (has ) Tj ET Q q 0 0 0 rg BT 369.52 721.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 409.79 721.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 444.49 721.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.41 721.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 525.57 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.95 721.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 709.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 100.68 709.25 Td (with ) Tj ET Q q 0 0 0 rg BT 120.69 709.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 151.25 709.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.27 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.72 709.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 206.84 709.25 Td (that ) Tj ET Q q 0 0 0 rg BT 224.08 709.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 246.31 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.99 709.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 304.09 709.25 Td (its ) Tj ET Q q 0 0 0 rg BT 315.78 709.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 357.44 709.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 376.90 709.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 416.90 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.92 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 433.59 709.25 Td (note ) Tj ET Q q 0 0 0 rg BT 453.05 709.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.07 709.25 Td (its ) Tj ET Q q 0 0 0 rg BT 474.75 709.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.54 709.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 697.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 101.21 697.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 676.25 Td (In ) Tj ET Q q 0 0 0 rg BT 87.35 676.25 Td (March ) Tj ET Q q 0 0 0 rg BT 115.97 676.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 140.99 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.72 676.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 176.58 676.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 210.76 676.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 263.82 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.12 676.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 303.28 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.24 676.25 Td (simplify ) Tj ET Q q 0 0 0 rg BT 356.09 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.83 676.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.33 676.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 451.40 676.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 506.12 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 520.30 676.25 Td (guarantors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.98 664.25 Td (issuers ) Tj ET Q q 0 0 0 rg BT 100.74 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.61 664.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 158.02 664.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 199.98 664.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 242.61 664.25 Td (The ) Tj ET Q q 0 0 0 rg BT 260.69 664.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 313.78 664.25 Td (will ) Tj ET Q q 0 0 0 rg BT 331.88 664.25 Td (be ) Tj ET Q q 0 0 0 rg BT 343.86 664.25 Td (ef) Tj ET Q q 0 0 0 rg BT 351.44 664.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 381.19 664.25 Td (January ) Tj ET Q q 0 0 0 rg BT 414.83 664.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 424.87 664.25 Td (2021, ) Tj ET Q q 0 0 0 rg BT 449.91 664.25 Td (but ) Tj ET Q q 0 0 0 rg BT 465.23 664.25 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 506.10 664.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 554.73 664.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 652.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 89.63 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.83 652.25 Td (January ) Tj ET Q q 0 0 0 rg BT 134.80 652.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 145.17 652.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 168.04 652.25 Td (is ) Tj ET Q q 0 0 0 rg BT 177.58 652.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 221.06 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 229.70 652.25 Td (e ) Tj ET Q q 0 0 0 rg BT 237.01 652.25 Td (have ) Tj ET Q q 0 0 0 rg BT 258.76 652.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 289.94 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.59 652.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 333.46 652.25 Td (with ) Tj ET Q q 0 0 0 rg BT 354.10 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.19 652.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 408.16 652.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 451.57 652.25 Td (starting ) Tj ET Q q 0 0 0 rg BT 484.44 652.25 Td (with ) Tj ET Q q 0 0 0 rg BT 505.09 652.25 Td (this ) Tj ET Q q 0 0 0 rg BT 522.41 652.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 546.95 652.25 Td (6-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.74 640.25 Td (going ) Tj ET Q q 0 0 0 rg BT 95.82 640.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 129.77 640.25 Td (will ) Tj ET Q q 0 0 0 rg BT 147.63 640.25 Td (present ) Tj ET Q q 0 0 0 rg BT 178.81 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.33 640.25 Td (following ) Tj ET Q q 0 0 0 rg BT 234.51 640.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 285.69 640.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 322.97 640.25 Td (information ) Tj ET Q q 0 0 0 rg BT 372.48 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 386.44 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.96 640.25 Td (Obligor ) Tj ET Q q 0 0 0 rg BT 434.37 640.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 462.22 640.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 476.19 640.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 508.47 640.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 538.54 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 640.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 628.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 95.92 628.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 115.64 628.25 Td (securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 607.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 75.48 607.25 Td (T/AICDC Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 586.25 Td (From ) Tj ET Q q 0 0 0 rg BT 100.04 586.25 Td (time ) Tj ET Q q 0 0 0 rg BT 119.69 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.35 586.25 Td (time ) Tj ET Q q 0 0 0 rg BT 149.00 586.25 Td (since ) Tj ET Q q 0 0 0 rg BT 171.42 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.51 586.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 232.37 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.58 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.67 586.25 Td (ILFC ) Tj ET Q q 0 0 0 rg BT 280.08 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 285.84 586.25 Td (ransaction, ) Tj ET Q q 0 0 0 rg BT 330.89 586.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 363.73 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 369.49 586.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 386.36 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.26 586.25 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 435.25 586.25 Td (have ) Tj ET Q q 0 0 0 rg BT 456.00 586.25 Td (co-issued ) Tj ET Q q 0 0 0 rg BT 495.65 586.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 521.96 586.25 Td (unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 574.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 77.57 574.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 95.58 574.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 120.58 574.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 163.04 574.25 Td (Notes\). ) Tj ET Q q 0 0 0 rg BT 199.10 574.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 227.11 574.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 248.44 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.68 574.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 281.69 574.25 Td (I. ) Tj ET Q q 0 0 0 rg BT 289.98 574.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 329.65 574.25 Td (InformationItem ) Tj ET Q q 0 0 0 rg BT 408.21 574.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 418.17 574.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 457.84 574.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 504.19 574.25 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.47 562.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.47 562.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.47 562.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.91 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.38 562.25 Td (for ) Tj ET Q q 0 0 0 rg BT 135.08 562.25 Td (further ) Tj ET Q q 0 0 0 rg BT 164.32 562.25 Td (details ) Tj ET Q q 0 0 0 rg BT 192.45 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 204.49 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.29 562.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 238.85 562.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 280.88 562.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 308.60 562.25 Td (The ) Tj ET Q q 0 0 0 rg BT 325.73 562.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 346.29 562.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 388.32 562.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 413.68 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 427.92 562.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 456.07 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.54 562.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 510.67 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.14 562.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 548.06 562.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 118.30 550.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 163.70 550.25 Td (by ) Tj ET Q q 0 0 0 rg BT 174.90 550.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 207.53 550.25 Td (HoldingsN.V) Tj ET Q q 0 0 0 rg BT 262.35 550.25 Td (. ) Tj ET Q q 0 0 0 rg BT 266.39 550.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 283.47 550.25 Td (Parent ) Tj ET Q q 0 0 0 rg BT 314.99 550.25 Td (Guarantor\) ) Tj ET Q q 0 0 0 rg BT 364.83 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.80 550.25 Td (by ) Tj ET Q q 0 0 0 rg BT 392.00 550.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 424.63 550.25 Td (Ireland, ) Tj ET Q q 0 0 0 rg BT 456.64 550.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 488.94 550.25 Td (A) Tj ET Q q 0 0 0 rg BT 495.42 550.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 524.73 550.25 Td (Solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (B.V) Tj ET Q q 0 0 0 rg BT 69.10 538.25 Td (., ) Tj ET Q q 0 0 0 rg BT 77.20 538.25 Td (ILFC ) Tj ET Q q 0 0 0 rg BT 101.97 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.83 538.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 153.02 538.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 173.91 538.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 203.54 538.25 Td (A) Tj ET Q q 0 0 0 rg BT 210.02 538.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 240.89 538.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 262.88 538.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 281.52 538.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 331.84 538.25 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 383.81 538.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 403.85 538.25 Td (together ) Tj ET Q q 0 0 0 rg BT 439.71 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 460.59 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.90 538.25 Td (Parent ) Tj ET Q q 0 0 0 rg BT 504.55 538.25 Td (Guarantor) Tj ET Q q 0 0 0 rg BT 544.69 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 550.29 538.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 79.00 526.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 121.50 526.25 Td (Guarantors\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.19 526.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 505.25 Td (Subject ) Tj ET Q q 0 0 0 rg BT 108.05 505.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.39 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.17 505.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 174.40 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.29 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.06 505.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 237.38 505.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 279.49 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.92 505.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 313.48 505.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 355.04 505.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 379.93 505.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 397.03 505.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 422.03 505.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 463.59 505.25 Td (Indenture\), ) Tj ET Q q 0 0 0 rg BT 513.73 505.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.73 505.25 Td (Subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 493.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 96.77 493.25 Td (will ) Tj ET Q q 0 0 0 rg BT 114.57 493.25 Td (be ) Tj ET Q q 0 0 0 rg BT 126.25 493.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 182.91 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.58 493.25 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 264.59 493.25 Td (released ) Tj ET Q q 0 0 0 rg BT 299.58 493.25 Td (from ) Tj ET Q q 0 0 0 rg BT 321.26 493.25 Td (its ) Tj ET Q q 0 0 0 rg BT 332.94 493.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 374.04 493.25 Td (with ) Tj ET Q q 0 0 0 rg BT 394.06 493.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 424.61 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.63 493.25 Td (a ) Tj ET Q q 0 0 0 rg BT 441.31 493.25 Td (series ) Tj ET Q q 0 0 0 rg BT 466.31 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.39 493.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 496.94 493.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 539.18 493.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 481.25 Td (under ) Tj ET Q q 0 0 0 rg BT 79.72 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.90 481.25 Td (following ) Tj ET Q q 0 0 0 rg BT 136.74 481.25 Td (circumstances: ) Tj ET Q q 0 0 0 rg BT 199.11 481.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 213.73 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.90 481.25 Td (sale, ) Tj ET Q q 0 0 0 rg BT 249.90 481.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 296.76 481.25 Td (or ) Tj ET Q q 0 0 0 rg BT 308.04 481.25 Td (other ) Tj ET Q q 0 0 0 rg BT 331.54 481.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 365.04 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.32 481.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 388.72 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.89 481.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 433.49 481.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 457.56 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.84 481.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.24 481.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 521.97 481.25 Td (Guarantor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 469.25 Td (after ) Tj ET Q q 0 0 0 rg BT 75.11 469.25 Td (which ) Tj ET Q q 0 0 0 rg BT 102.35 469.25 Td (such ) Tj ET Q q 0 0 0 rg BT 123.48 469.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 169.05 469.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 212.39 469.25 Td (is ) Tj ET Q q 0 0 0 rg BT 221.86 469.25 Td (no ) Tj ET Q q 0 0 0 rg BT 234.65 469.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 263.00 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 270.24 469.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 313.58 469.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 359.15 469.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 373.61 469.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 406.39 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.97 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.37 469.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 451.92 469.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 494.72 469.25 Td (Indenture\) ) Tj ET Q q 0 0 0 rg BT 539.16 469.25 Td (or ) Tj ET Q q 0 0 0 rg BT 550.29 469.25 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 457.25 Td (all ) Tj ET Q q 0 0 0 rg BT 66.84 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 78.02 457.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 131.42 457.25 Td (all ) Tj ET Q q 0 0 0 rg BT 144.26 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.44 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.51 457.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 196.69 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.86 457.25 Td (a ) Tj ET Q q 0 0 0 rg BT 215.15 457.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 260.78 457.25 Td (Guarantor; ) Tj ET Q q 0 0 0 rg BT 306.94 457.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 321.45 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.51 457.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 377.68 457.25 Td (designation ) Tj ET Q q 0 0 0 rg BT 426.63 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.81 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.88 457.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 498.50 457.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 541.89 457.25 Td (as ) Tj ET Q q 0 0 0 rg BT 553.07 457.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 445.25 Td (Unrestricted ) Tj ET Q q 0 0 0 rg BT 105.09 445.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 149.54 445.25 Td (as ) Tj ET Q q 0 0 0 rg BT 159.53 445.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 191.19 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.63 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.74 445.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 252.85 445.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.29 445.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.81 445.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 296.36 445.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 338.03 445.25 Td (Indenture; ) Tj ET Q q 0 0 0 rg BT 380.79 445.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 394.12 445.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.00 445.25 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 466.05 445.25 Td (amalgamation ) Tj ET Q q 0 0 0 rg BT 524.37 445.25 Td (or ) Tj ET Q q 0 0 0 rg BT 534.36 445.25 Td (mer) Tj ET Q q 0 0 0 rg BT 549.73 445.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.80 433.25 Td (a ) Tj ET Q q 0 0 0 rg BT 71.70 433.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 116.94 433.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 159.95 433.25 Td (with ) Tj ET Q q 0 0 0 rg BT 180.19 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.10 433.25 Td (into ) Tj ET Q q 0 0 0 rg BT 214.57 433.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 247.96 433.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.72 433.25 Td (rust, ) Tj ET Q q 0 0 0 rg BT 273.14 433.25 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 306.72 433.25 Td (or ) Tj ET Q q 0 0 0 rg BT 317.51 433.25 Td (another ) Tj ET Q q 0 0 0 rg BT 349.42 433.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 369.98 433.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 412.44 433.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 455.45 433.25 Td (with ) Tj ET Q q 0 0 0 rg BT 475.69 433.25 Td (such ) Tj ET Q q 0 0 0 rg BT 496.49 433.25 Td (person ) Tj ET Q q 0 0 0 rg BT 525.61 433.25 Td (being ) Tj ET Q q 0 0 0 rg BT 550.29 433.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 421.25 Td (surviving ) Tj ET Q q 0 0 0 rg BT 94.97 421.25 Td (entity) Tj ET Q q 0 0 0 rg BT 117.10 421.25 Td (, ) Tj ET Q q 0 0 0 rg BT 122.79 421.25 Td (or ) Tj ET Q q 0 0 0 rg BT 134.31 421.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 157.51 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.92 421.25 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 219.44 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.96 421.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.59 421.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 284.57 421.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 328.30 421.25 Td (following ) Tj ET Q q 0 0 0 rg BT 370.38 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.79 421.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 419.52 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.04 421.25 Td (all ) Tj ET Q q 0 0 0 rg BT 444.23 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.75 421.25 Td (its ) Tj ET Q q 0 0 0 rg BT 468.39 421.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 494.92 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 505.19 421.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 539.25 421.25 Td (T) Tj ET Q q 0 0 0 rg BT 545.00 421.25 Td (rust, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 409.25 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 87.34 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 97.89 409.25 Td (another ) Tj ET Q q 0 0 0 rg BT 129.61 409.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 150.17 409.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 192.39 409.25 Td (Guarantor; ) Tj ET Q q 0 0 0 rg BT 237.93 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 248.48 409.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 262.37 409.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 284.03 409.25 Td (defeasance ) Tj ET Q q 0 0 0 rg BT 330.10 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 340.66 409.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 378.98 409.25 Td (defeasance ) Tj ET Q q 0 0 0 rg BT 425.05 409.25 Td (with ) Tj ET Q q 0 0 0 rg BT 445.05 409.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 475.59 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.60 409.25 Td (such ) Tj ET Q q 0 0 0 rg BT 506.15 409.25 Td (series, ) Tj ET Q q 0 0 0 rg BT 533.64 409.25 Td (each ) Tj ET Q q 0 0 0 rg BT 554.18 409.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 397.25 Td (described ) Tj ET Q q 0 0 0 rg BT 94.50 397.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.46 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.37 397.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 138.93 397.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 181.11 397.25 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 224.11 397.25 Td (or ) Tj ET Q q 0 0 0 rg BT 234.62 397.25 Td (if ) Tj ET Q q 0 0 0 rg BT 242.91 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.31 397.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 303.93 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.96 397.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 347.09 397.25 Td (T) Tj ET Q q 0 0 0 rg BT 352.84 397.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 370.03 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.16 397.25 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 419.46 397.25 Td (with ) Tj ET Q q 0 0 0 rg BT 439.42 397.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 469.92 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.88 397.25 Td (such ) Tj ET Q q 0 0 0 rg BT 500.39 397.25 Td (series ) Tj ET Q q 0 0 0 rg BT 525.34 397.25 Td (under ) Tj ET Q q 0 0 0 rg BT 550.29 397.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 385.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 74.56 385.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 117.06 385.25 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 157.87 385.25 Td (are ) Tj ET Q q 0 0 0 rg BT 172.58 385.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 201.28 385.25 Td (ged.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 364.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.77 364.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 136.35 364.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 183.51 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.56 364.25 Td (each ) Tj ET Q q 0 0 0 rg BT 215.59 364.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 261.09 364.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 304.34 364.25 Td (are ) Tj ET Q q 0 0 0 rg BT 319.27 364.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 350.32 364.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 362.48 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.97 364.25 Td (an ) Tj ET Q q 0 0 0 rg BT 385.13 364.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 417.84 364.25 Td (not ) Tj ET Q q 0 0 0 rg BT 433.34 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.84 364.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 474.31 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.25 364.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 532.52 364.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 352.25 Td (that ) Tj ET Q q 0 0 0 rg BT 71.29 352.25 Td (can ) Tj ET Q q 0 0 0 rg BT 87.46 352.25 Td (be ) Tj ET Q q 0 0 0 rg BT 99.19 352.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 145.35 352.25 Td (by ) Tj ET Q q 0 0 0 rg BT 157.64 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 164.38 352.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 209.45 352.25 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 252.28 352.25 Td (\(after ) Tj ET Q q 0 0 0 rg BT 276.22 352.25 Td (giving ) Tj ET Q q 0 0 0 rg BT 304.07 352.25 Td (ef) Tj ET Q q 0 0 0 rg BT 311.66 352.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 328.94 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.01 352.25 Td (any ) Tj ET Q q 0 0 0 rg BT 355.74 352.25 Td (collections ) Tj ET Q q 0 0 0 rg BT 401.35 352.25 Td (from, ) Tj ET Q q 0 0 0 rg BT 425.59 352.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 450.66 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.73 352.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 491.89 352.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 543.06 352.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 65.54 340.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 107.08 340.25 Td (made ) Tj ET Q q 0 0 0 rg BT 131.95 340.25 Td (by ) Tj ET Q q 0 0 0 rg BT 145.16 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 156.70 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 169.91 340.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 198.11 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.65 340.25 Td (all ) Tj ET Q q 0 0 0 rg BT 222.86 340.25 Td (other ) Tj ET Q q 0 0 0 rg BT 245.91 340.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 266.46 340.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 309.68 340.25 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 357.32 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.31 340.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 399.83 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.38 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.81 340.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 474.46 340.25 Td (under ) Tj ET Q q 0 0 0 rg BT 500.44 340.25 Td (their ) Tj ET Q q 0 0 0 rg BT 521.98 340.25 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 328.25 Td (guarantees\) ) Tj ET Q q 0 0 0 rg BT 103.36 328.25 Td (without ) Tj ET Q q 0 0 0 rg BT 137.18 328.25 Td (rendering ) Tj ET Q q 0 0 0 rg BT 178.77 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.26 328.25 Td (guarantee, ) Tj ET Q q 0 0 0 rg BT 238.89 328.25 Td (as ) Tj ET Q q 0 0 0 rg BT 250.49 328.25 Td (it ) Tj ET Q q 0 0 0 rg BT 259.32 328.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 288.69 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.74 328.25 Td (such ) Tj ET Q q 0 0 0 rg BT 321.34 328.25 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 367.39 328.25 Td (Guarantor) Tj ET Q q 0 0 0 rg BT 407.53 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 413.30 328.25 Td (voidable ) Tj ET Q q 0 0 0 rg BT 451.00 328.25 Td (under ) Tj ET Q q 0 0 0 rg BT 477.04 328.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 521.40 328.25 Td (fraudulent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 316.25 Td (conveyance ) Tj ET Q q 0 0 0 rg BT 102.60 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 112.35 316.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 144.30 316.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 164.04 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.89 316.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 193.52 316.25 Td (as ) Tj ET Q q 0 0 0 rg BT 203.26 316.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 243.54 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.73 316.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 293.01 316.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 321.62 316.25 Td (defenses ) Tj ET Q q 0 0 0 rg BT 357.46 316.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 396.08 316.25 Td (available ) Tj ET Q q 0 0 0 rg BT 433.58 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.77 316.25 Td (guarantors, ) Tj ET Q q 0 0 0 rg BT 488.89 316.25 Td (including ) Tj ET Q q 0 0 0 rg BT 528.08 316.25 Td (voidable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 304.25 Td (preference, ) Tj ET Q q 0 0 0 rg BT 101.94 304.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.17 304.25 Td (assistance, ) Tj ET Q q 0 0 0 rg BT 185.91 304.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 226.92 304.25 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 264.33 304.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 294.24 304.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 348.02 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 359.61 304.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 390.63 304.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 414.72 304.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 462.41 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 473.99 304.25 Td (defenses ) Tj ET Q q 0 0 0 rg BT 511.67 304.25 Td (af) Tj ET Q q 0 0 0 rg BT 519.26 304.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 550.28 304.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 292.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 80.08 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.71 292.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 130.00 292.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 170.50 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 182.13 292.25 Td (other ) Tj ET Q q 0 0 0 rg BT 205.98 292.25 Td (considerations ) Tj ET Q q 0 0 0 rg BT 267.04 292.25 Td (under ) Tj ET Q q 0 0 0 rg BT 293.11 292.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 337.50 292.25 Td (law) Tj ET Q q 0 0 0 rg BT 351.29 292.25 Td (. ) Tj ET Q q 0 0 0 rg BT 357.09 292.25 Td (In ) Tj ET Q q 0 0 0 rg BT 368.72 292.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 407.30 292.25 Td (given ) Tj ET Q q 0 0 0 rg BT 432.81 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 451.11 292.25 Td (some ) Tj ET Q q 0 0 0 rg BT 475.52 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.15 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.94 292.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 522.50 292.25 Td (T/AICDC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 280.25 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 100.86 280.25 Td (are ) Tj ET Q q 0 0 0 rg BT 115.49 280.25 Td (Irish ) Tj ET Q q 0 0 0 rg BT 136.25 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.11 280.25 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 179.98 280.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 227.67 280.25 Td (it ) Tj ET Q q 0 0 0 rg BT 235.65 280.25 Td (may ) Tj ET Q q 0 0 0 rg BT 255.29 280.25 Td (be ) Tj ET Q q 0 0 0 rg BT 267.16 280.25 Td (more ) Tj ET Q q 0 0 0 rg BT 290.13 280.25 Td (dif) Tj ET Q q 0 0 0 rg BT 301.06 280.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 324.59 280.25 Td (for ) Tj ET Q q 0 0 0 rg BT 338.68 280.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 370.54 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.30 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.41 280.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 415.96 280.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 458.39 280.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 484.15 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.35 280.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 521.77 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 532.53 280.25 Td (enforce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 268.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 98.17 268.25 Td (against ) Tj ET Q q 0 0 0 rg BT 128.99 268.25 Td (such ) Tj ET Q q 0 0 0 rg BT 149.82 268.25 Td (guarantors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 247.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 112.42 247.25 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 146.87 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.65 247.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 194.45 247.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 215.01 247.25 Td (T/AICDC ) Tj ET Q q 0 0 0 rg BT 258.35 247.25 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 306.12 247.25 Td (are ) Tj ET Q q 0 0 0 rg BT 321.67 247.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 355.56 247.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 401.67 247.25 Td (with ) Tj ET Q q 0 0 0 rg BT 422.78 247.25 Td (very ) Tj ET Q q 0 0 0 rg BT 443.89 247.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 475.56 247.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 523.06 247.25 Td (their ) Tj ET Q q 0 0 0 rg BT 544.72 247.25 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 100.04 235.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.19 235.25 Td (are ) Tj ET Q q 0 0 0 rg BT 143.23 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.27 235.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 188.09 235.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 225.24 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.40 235.25 Td (their ) Tj ET Q q 0 0 0 rg BT 259.55 235.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 293.91 235.25 Td (held ) Tj ET Q q 0 0 0 rg BT 314.96 235.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 367.66 235.25 Td (As ) Tj ET Q q 0 0 0 rg BT 382.59 235.25 Td (a ) Tj ET Q q 0 0 0 rg BT 390.86 235.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 418.56 235.25 Td (AICDC ) Tj ET Q q 0 0 0 rg BT 453.50 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.76 235.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 501.94 235.25 Td (AGA) Tj ET Q q 0 0 0 rg BT 522.50 235.25 Td (T/AICDC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 223.25 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 101.02 223.25 Td (are ) Tj ET Q q 0 0 0 rg BT 115.82 223.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 159.50 223.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 199.30 223.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 221.89 223.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 263.37 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.40 223.25 Td (other ) Tj ET Q q 0 0 0 rg BT 303.54 223.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 344.45 223.25 Td (from ) Tj ET Q q 0 0 0 rg BT 366.48 223.25 Td (their ) Tj ET Q q 0 0 0 rg BT 387.40 223.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 437.20 223.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.57 223.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 484.02 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.83 223.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 523.64 223.25 Td (necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 63.88 211.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 85.41 211.25 Td (their ) Tj ET Q q 0 0 0 rg BT 105.83 211.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 154.60 211.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 173.91 211.25 Td (service ) Tj ET Q q 0 0 0 rg BT 204.33 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.86 211.25 Td (other ) Tj ET Q q 0 0 0 rg BT 243.51 211.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 292.55 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.09 211.25 Td (such ) Tj ET Q q 0 0 0 rg BT 329.52 211.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 370.50 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 380.93 211.25 Td (other ) Tj ET Q q 0 0 0 rg BT 403.58 211.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 444.00 211.25 Td (will ) Tj ET Q q 0 0 0 rg BT 461.66 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.53 211.25 Td (turn ) Tj ET Q q 0 0 0 rg BT 489.74 211.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 520.71 211.25 Td (on ) Tj ET Q q 0 0 0 rg BT 532.81 211.25 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 199.25 Td (such ) Tj ET Q q 0 0 0 rg BT 76.57 199.25 Td (as ) Tj ET Q q 0 0 0 rg BT 89.14 199.25 Td (their ) Tj ET Q q 0 0 0 rg BT 111.70 199.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 161.51 199.25 Td ( ) Tj ET Q q 0 0 0 rg BT 165.75 199.25 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 206.36 199.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 250.58 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.60 199.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 313.51 199.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 358.29 199.25 Td (their ) Tj ET Q q 0 0 0 rg BT 380.86 199.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 430.66 199.25 Td ( ) Tj ET Q q 0 0 0 rg BT 434.90 199.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 493.29 199.25 Td (other ) Tj ET Q q 0 0 0 rg BT 518.08 199.25 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 187.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 100.93 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.87 187.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 161.46 187.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 182.29 187.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 225.89 187.25 Td (local ) Tj ET Q q 0 0 0 rg BT 247.83 187.25 Td (law ) Tj ET Q q 0 0 0 rg BT 264.77 187.25 Td (restricting ) Tj ET Q q 0 0 0 rg BT 307.81 187.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 348.63 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.46 187.25 Td (dividends\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 166.25 Td (Junior) Tj ET Q q 0 0 0 rg BT 82.16 166.25 Td ( Subordinated Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 145.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.76 145.25 Td (October ) Tj ET Q q 0 0 0 rg BT 120.90 145.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 144.90 145.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 177.93 145.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 216.54 145.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 232.19 145.25 Td (. ) Tj ET Q q 0 0 0 rg BT 236.62 145.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 263.55 145.25 Td ($750.0 ) Tj ET Q q 0 0 0 rg BT 292.98 145.25 Td (million ) Tj ET Q q 0 0 0 rg BT 323.81 145.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 364.60 145.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 402.07 145.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 434.00 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.26 145.25 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 477.02 145.25 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 517.81 145.25 Td (reset ) Tj ET Q q 0 0 0 rg BT 538.62 145.25 Td (junior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 133.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 107.71 133.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 130.87 133.25 Td (due ) Tj ET Q q 0 0 0 rg BT 147.35 133.25 Td (2079 ) Tj ET Q q 0 0 0 rg BT 169.41 133.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 187.00 133.25 Td (Junior ) Tj ET Q q 0 0 0 rg BT 218.49 133.25 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 273.87 133.25 Td (Notes\). ) Tj ET Q q 0 0 0 rg BT 309.52 133.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 337.12 133.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 358.03 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.86 133.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 390.46 133.25 Td (I. ) Tj ET Q q 0 0 0 rg BT 398.34 133.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 437.60 133.25 Td (InformationItem ) Tj ET Q q 0 0 0 rg BT 515.74 133.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 525.29 133.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 121.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 100.35 121.25 Td (\(Unaudited\)Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.58 121.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.58 121.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.58 121.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.02 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.93 121.25 Td (for ) Tj ET Q q 0 0 0 rg BT 241.07 121.25 Td (further ) Tj ET Q q 0 0 0 rg BT 270.75 121.25 Td (details ) Tj ET Q q 0 0 0 rg BT 299.32 121.25 Td (on ) Tj ET Q q 0 0 0 rg BT 311.80 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.49 121.25 Td (Junior ) Tj ET Q q 0 0 0 rg BT 353.96 121.25 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 409.76 121.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 437.88 121.25 Td (The ) Tj ET Q q 0 0 0 rg BT 455.90 121.25 Td (Junior ) Tj ET Q q 0 0 0 rg BT 483.37 121.25 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 539.17 121.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 109.25 Td (are ) Tj ET Q q 0 0 0 rg BT 69.04 109.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 97.98 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.25 109.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 154.18 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.45 109.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 193.17 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.44 109.25 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 276.04 109.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 322.74 109.25 Td (by ) Tj ET Q q 0 0 0 rg BT 334.94 109.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 368.67 109.25 Td (T) Tj ET Q q 0 0 0 rg BT 374.43 109.25 Td (rust, ) Tj ET Q q 0 0 0 rg BT 394.13 109.25 Td (AICDC, ) Tj ET Q q 0 0 0 rg BT 429.95 109.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 463.88 109.25 Td (Ireland ) Tj ET Q q 0 0 0 rg BT 495.03 109.25 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 531.40 109.25 Td (AerCap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 97.25 Td (A) Tj ET Q q 0 0 0 rg BT 60.48 97.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 90.75 97.25 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 131.04 97.25 Td (B.V) Tj ET Q q 0 0 0 rg BT 146.14 97.25 Td (., ) Tj ET Q q 0 0 0 rg BT 153.64 97.25 Td (ILFC ) Tj ET Q q 0 0 0 rg BT 177.81 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.20 97.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 227.80 97.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 248.08 97.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 277.25 97.25 Td (A) Tj ET Q q 0 0 0 rg BT 283.73 97.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 314.00 97.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 335.39 97.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 353.43 97.25 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 413.70 97.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 439.53 97.25 Td (Guarantors\).) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q 0 0 0 rg /GS0 gs 53.50 23.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 742.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 108.92 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.13 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.77 742.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 177.86 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.62 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.26 742.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 243.45 742.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 286.42 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.07 742.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 328.49 742.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 384.24 742.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 410.00 742.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 427.97 742.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 488.16 742.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 513.92 742.10 Td (Indenture\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 62.16 730.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 119.21 730.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 146.27 730.10 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 190.53 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 209.81 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 222.97 730.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 281.12 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.29 730.10 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 365.78 730.10 Td (released ) Tj ET Q q 0 0 0 rg BT 402.26 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 425.42 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 438.59 730.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 481.18 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 507.67 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 730.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (circumstances: ) Tj ET Q q 0 0 0 rg BT 115.42 718.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 129.08 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.30 718.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 163.35 718.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 209.25 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.58 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 242.13 718.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 274.67 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.00 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 297.00 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.33 718.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 359.88 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 371.88 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.21 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.43 718.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 421.76 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.10 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.54 718.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 493.86 718.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 519.20 718.10 Td (Guarantor; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 67.53 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.61 706.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 139.85 706.10 Td (amalgamation ) Tj ET Q q 0 0 0 rg BT 198.37 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.56 706.10 Td (mer) Tj ET Q q 0 0 0 rg BT 223.93 706.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 238.56 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.76 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.06 706.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 310.25 706.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 335.45 706.10 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 377.85 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 397.49 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.79 706.10 Td (into ) Tj ET Q q 0 0 0 rg BT 430.81 706.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 463.77 706.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 502.30 706.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 517.96 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 522.32 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.52 706.10 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 110.76 694.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 137.53 694.10 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 181.50 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.72 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 224.48 694.10 Td (person ) Tj ET Q q 0 0 0 rg BT 254.58 694.10 Td (being ) Tj ET Q q 0 0 0 rg BT 280.23 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.89 694.10 Td (surviving ) Tj ET Q q 0 0 0 rg BT 337.10 694.10 Td (entity) Tj ET Q q 0 0 0 rg BT 359.23 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.16 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 376.93 694.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 400.37 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.02 694.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 462.79 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.55 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.43 694.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 539.19 694.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 97.46 682.10 Td (following ) Tj ET Q q 0 0 0 rg BT 139.27 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.42 682.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 187.88 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.13 682.10 Td (all ) Tj ET Q q 0 0 0 rg BT 212.05 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.31 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 235.68 682.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 261.93 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.99 682.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 306.02 682.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 345.61 682.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 361.26 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 366.69 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.94 682.10 Td (another ) Tj ET Q q 0 0 0 rg BT 410.85 682.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 467.10 682.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 493.36 682.10 Td (Guarantor; ) Tj ET Q q 0 0 0 rg BT 539.60 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 550.85 682.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 670.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 75.77 670.10 Td (defeasance ) Tj ET Q q 0 0 0 rg BT 121.95 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.62 670.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 171.05 670.10 Td (defeasance, ) Tj ET Q q 0 0 0 rg BT 219.73 670.10 Td (each ) Tj ET Q q 0 0 0 rg BT 240.38 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.05 670.10 Td (described ) Tj ET Q q 0 0 0 rg BT 291.70 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.81 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.36 670.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 372.02 670.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 397.68 670.10 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 440.83 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.50 670.10 Td (if ) Tj ET Q q 0 0 0 rg BT 459.94 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.49 670.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 521.27 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.41 670.10 Td (AerCap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 93.17 658.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 108.82 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.82 658.10 Td (under ) Tj ET Q q 0 0 0 rg BT 139.09 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.81 658.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 209.63 658.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 235.46 658.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 276.28 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 290.99 658.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 319.68 658.10 Td (ged.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 637.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.55 637.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 135.91 637.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 182.86 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.69 637.10 Td (each ) Tj ET Q q 0 0 0 rg BT 214.51 637.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 270.34 637.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 296.17 637.10 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 339.21 637.10 Td (are ) Tj ET Q q 0 0 0 rg BT 353.92 637.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 384.75 637.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 396.69 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.97 637.10 Td (an ) Tj ET Q q 0 0 0 rg BT 418.91 637.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 451.41 637.10 Td (not ) Tj ET Q q 0 0 0 rg BT 466.69 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.97 637.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 507.23 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.95 637.10 Td (maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 625.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 86.52 625.10 Td (that ) Tj ET Q q 0 0 0 rg BT 104.05 625.10 Td (can ) Tj ET Q q 0 0 0 rg BT 120.45 625.10 Td (be ) Tj ET Q q 0 0 0 rg BT 132.42 625.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 178.81 625.10 Td (by ) Tj ET Q q 0 0 0 rg BT 191.34 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.30 625.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 254.16 625.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 280.02 625.10 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 323.08 625.10 Td (\(after ) Tj ET Q q 0 0 0 rg BT 347.26 625.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 375.34 625.10 Td (ef) Tj ET Q q 0 0 0 rg BT 382.93 625.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 400.44 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.75 625.10 Td (any ) Tj ET Q q 0 0 0 rg BT 427.72 625.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 473.56 625.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 498.03 625.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 523.34 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.64 625.10 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 613.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 105.91 613.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.38 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.73 613.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 181.08 613.10 Td (made ) Tj ET Q q 0 0 0 rg BT 205.77 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.79 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 230.15 613.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.18 613.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 271.19 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.55 613.10 Td (all ) Tj ET Q q 0 0 0 rg BT 295.57 613.10 Td (other ) Tj ET Q q 0 0 0 rg BT 319.15 613.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 375.50 613.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 401.86 613.10 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 449.31 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.12 613.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 491.46 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.82 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.06 613.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 601.10 Td (under ) Tj ET Q q 0 0 0 rg BT 79.18 601.10 Td (their ) Tj ET Q q 0 0 0 rg BT 99.91 601.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 142.85 601.10 Td (guarantees\) ) Tj ET Q q 0 0 0 rg BT 191.34 601.10 Td (without ) Tj ET Q q 0 0 0 rg BT 224.31 601.10 Td (rendering ) Tj ET Q q 0 0 0 rg BT 265.03 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.66 601.10 Td (guarantee, ) Tj ET Q q 0 0 0 rg BT 323.43 601.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.17 601.10 Td (it ) Tj ET Q q 0 0 0 rg BT 342.13 601.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 370.64 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.82 601.10 Td (such ) Tj ET Q q 0 0 0 rg BT 401.56 601.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 457.30 601.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 483.04 601.10 Td (Guarantor) Tj ET Q q 0 0 0 rg BT 523.17 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.08 601.10 Td (voidable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 589.10 Td (under ) Tj ET Q q 0 0 0 rg BT 79.50 589.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 123.33 589.10 Td (fraudulent ) Tj ET Q q 0 0 0 rg BT 167.15 589.10 Td (conveyance ) Tj ET Q q 0 0 0 rg BT 217.08 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.15 589.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 261.42 589.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 282.48 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.65 589.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 314.61 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.67 589.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 367.27 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.78 589.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 419.38 589.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 449.32 589.10 Td (defenses ) Tj ET Q q 0 0 0 rg BT 486.48 589.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 526.42 589.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 66.06 577.10 Td (guarantors, ) Tj ET Q q 0 0 0 rg BT 115.04 577.10 Td (including ) Tj ET Q q 0 0 0 rg BT 157.10 577.10 Td (voidable ) Tj ET Q q 0 0 0 rg BT 195.81 577.10 Td (preference, ) Tj ET Q q 0 0 0 rg BT 244.77 577.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.03 577.10 Td (assistance, ) Tj ET Q q 0 0 0 rg BT 330.80 577.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 372.83 577.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 411.27 577.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 442.20 577.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 497.00 577.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.61 577.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 541.67 577.10 Td (laws, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 565.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 100.66 565.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.21 565.10 Td (defenses ) Tj ET Q q 0 0 0 rg BT 147.87 565.10 Td (af) Tj ET Q q 0 0 0 rg BT 155.46 565.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 185.45 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.89 565.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 224.89 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.45 565.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 272.66 565.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 312.09 565.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.64 565.10 Td (other ) Tj ET Q q 0 0 0 rg BT 345.42 565.10 Td (considerations ) Tj ET Q q 0 0 0 rg BT 405.40 565.10 Td (under ) Tj ET Q q 0 0 0 rg BT 430.40 565.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 473.71 565.10 Td (law) Tj ET Q q 0 0 0 rg BT 487.50 565.10 Td (. ) Tj ET Q q 0 0 0 rg BT 492.23 565.10 Td (In ) Tj ET Q q 0 0 0 rg BT 502.78 565.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 540.28 565.10 Td (given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 553.10 Td (that ) Tj ET Q q 0 0 0 rg BT 71.12 553.10 Td (some ) Tj ET Q q 0 0 0 rg BT 94.36 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.81 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.16 553.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 174.61 553.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 200.06 553.10 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 246.62 553.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.95 553.10 Td (Irish ) Tj ET Q q 0 0 0 rg BT 281.41 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.97 553.10 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 324.54 553.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 371.93 553.10 Td (it ) Tj ET Q q 0 0 0 rg BT 379.61 553.10 Td (may ) Tj ET Q q 0 0 0 rg BT 398.96 553.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.52 553.10 Td (more ) Tj ET Q q 0 0 0 rg BT 433.19 553.10 Td (dif) Tj ET Q q 0 0 0 rg BT 444.12 553.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 467.35 553.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.14 553.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 512.70 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.16 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.50 553.10 Td (Junior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 541.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 109.83 541.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 135.66 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.93 541.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 173.43 541.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.26 541.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 216.73 541.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 260.90 541.10 Td (against ) Tj ET Q q 0 0 0 rg BT 291.72 541.10 Td (such ) Tj ET Q q 0 0 0 rg BT 312.55 541.10 Td (guarantors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 520.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 112.91 520.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 147.97 520.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 188.60 520.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 204.26 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 210.72 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.13 520.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 260.29 520.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 317.58 520.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 344.88 520.10 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 393.27 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.44 520.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 443.96 520.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 490.69 520.10 Td (with ) Tj ET Q q 0 0 0 rg BT 512.44 520.10 Td (very ) Tj ET Q q 0 0 0 rg BT 534.17 520.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 508.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 100.88 508.10 Td (their ) Tj ET Q q 0 0 0 rg BT 121.92 508.10 Td (only ) Tj ET Q q 0 0 0 rg BT 142.43 508.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 187.36 508.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 213.41 508.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.34 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.28 508.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 271.00 508.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 307.04 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.10 508.10 Td (their ) Tj ET Q q 0 0 0 rg BT 339.14 508.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 372.41 508.10 Td (held ) Tj ET Q q 0 0 0 rg BT 392.35 508.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 444.19 508.10 Td (As ) Tj ET Q q 0 0 0 rg BT 458.02 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.18 508.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 492.02 508.10 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 525.84 508.10 Td (Holdings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 496.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 69.65 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 76.63 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.55 496.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 127.22 496.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 185.03 496.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 212.83 496.10 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 261.74 496.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.42 496.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 323.99 496.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 365.68 496.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 390.16 496.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 433.52 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.44 496.10 Td (other ) Tj ET Q q 0 0 0 rg BT 477.46 496.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 520.26 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 544.18 496.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 484.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 103.81 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.18 484.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 150.64 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.45 484.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 190.27 484.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 231.73 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.10 484.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 264.13 484.10 Td (their ) Tj ET Q q 0 0 0 rg BT 285.05 484.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 334.31 484.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 354.12 484.10 Td (service ) Tj ET Q q 0 0 0 rg BT 385.03 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.06 484.10 Td (other ) Tj ET Q q 0 0 0 rg BT 425.20 484.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 474.74 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.77 484.10 Td (such ) Tj ET Q q 0 0 0 rg BT 512.70 484.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 554.18 484.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 78.79 472.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 121.37 472.10 Td (will ) Tj ET Q q 0 0 0 rg BT 141.17 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.19 472.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 173.55 472.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 206.67 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.92 472.10 Td (their ) Tj ET Q q 0 0 0 rg BT 243.49 472.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 293.29 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.54 472.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 338.17 472.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 382.40 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.42 472.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 445.33 472.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 490.13 472.10 Td (their ) Tj ET Q q 0 0 0 rg BT 512.70 472.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 562.50 472.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 460.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 110.66 460.10 Td (other ) Tj ET Q q 0 0 0 rg BT 133.70 460.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 180.62 460.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 227.55 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.49 460.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 288.08 460.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 308.91 460.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 352.52 460.10 Td (local ) Tj ET Q q 0 0 0 rg BT 374.45 460.10 Td (law ) Tj ET Q q 0 0 0 rg BT 391.39 460.10 Td (restricting ) Tj ET Q q 0 0 0 rg BT 434.43 460.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 475.25 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.08 460.10 Td (dividends\). ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q 0 0 0 rg /GS0 gs 53.50 23.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Summarized Combined Financial Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 721.25 Td (Summarized ) Tj ET Q q 0 0 0 rg BT 129.82 721.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.58 721.25 Td (information ) Tj ET Q q 0 0 0 rg BT 217.57 721.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 235.89 721.25 Td (SFI\), ) Tj ET Q q 0 0 0 rg BT 267.83 721.25 Td (as ) Tj ET Q q 0 0 0 rg BT 278.94 721.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 311.71 721.25 Td (under ) Tj ET Q q 0 0 0 rg BT 337.25 721.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 358.92 721.25 Td (1-02\(bb\) ) Tj ET Q q 0 0 0 rg BT 396.69 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.79 721.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 454.45 721.25 Td (S-X, ) Tj ET Q q 0 0 0 rg BT 475.85 721.25 Td (is ) Tj ET Q q 0 0 0 rg BT 485.29 721.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 523.62 721.25 Td (below ) Tj ET Q q 0 0 0 rg BT 550.84 721.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.79 709.25 Td (issuers ) Tj ET Q q 0 0 0 rg BT 98.58 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.59 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.38 709.25 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 171.27 709.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 202.72 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.74 709.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 255.06 709.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 288.74 709.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 327.98 709.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 343.63 709.25 Td (., ) Tj ET Q q 0 0 0 rg BT 350.64 709.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 384.12 709.25 Td (T) Tj ET Q q 0 0 0 rg BT 389.88 709.25 Td (rust, ) Tj ET Q q 0 0 0 rg BT 409.38 709.25 Td (AICDC, ) Tj ET Q q 0 0 0 rg BT 445.00 709.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 478.67 709.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 499.03 709.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 528.25 709.25 Td (A) Tj ET Q q 0 0 0 rg BT 534.73 709.25 Td (viation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 697.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 77.73 697.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 111.16 697.25 Td (A) Tj ET Q q 0 0 0 rg BT 117.64 697.25 Td (viation ) Tj ET Q q 0 0 0 rg BT 148.42 697.25 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 189.20 697.25 Td (B.V) Tj ET Q q 0 0 0 rg BT 204.31 697.25 Td (., ) Tj ET Q q 0 0 0 rg BT 211.65 697.25 Td (AerCap ) Tj ET Q q 0 0 0 rg BT 245.74 697.25 Td (Ireland ) Tj ET Q q 0 0 0 rg BT 277.06 697.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 311.72 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.16 697.25 Td (ILFC ) Tj ET Q q 0 0 0 rg BT 353.83 697.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 403.16 697.25 Td (, ) Tj ET Q q 0 0 0 rg BT 408.66 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.87 697.25 Td (Obligor ) Tj ET Q q 0 0 0 rg BT 462.42 697.25 Td (Group\) ) Tj ET Q q 0 0 0 rg BT 498.74 697.25 Td (as ) Tj ET Q q 0 0 0 rg BT 510.07 697.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.40 697.25 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 685.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 685.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.68 685.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.80 685.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.57 685.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.57 685.25 Td (, ) Tj ET Q q 0 0 0 rg BT 177.75 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.87 685.25 Td (for ) Tj ET Q q 0 0 0 rg BT 209.21 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.11 685.25 Td (three ) Tj ET Q q 0 0 0 rg BT 246.78 685.25 Td (months ) Tj ET Q q 0 0 0 rg BT 278.91 685.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 305.47 685.25 Td (March ) Tj ET Q q 0 0 0 rg BT 334.25 685.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 349.43 685.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 374.42 685.25 Td (The ) Tj ET Q q 0 0 0 rg BT 392.65 685.25 Td (SFI ) Tj ET Q q 0 0 0 rg BT 409.79 685.25 Td (is ) Tj ET Q q 0 0 0 rg BT 419.14 685.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 460.13 685.25 Td (on ) Tj ET Q q 0 0 0 rg BT 472.82 685.25 Td (a ) Tj ET Q q 0 0 0 rg BT 479.94 685.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 522.05 685.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 544.74 685.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 673.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 111.88 673.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 162.54 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.87 673.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 217.19 673.25 Td (among ) Tj ET Q q 0 0 0 rg BT 247.30 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.41 673.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 294.19 673.25 Td (included ) Tj ET Q q 0 0 0 rg BT 331.52 673.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.19 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.31 673.25 Td (Obligor ) Tj ET Q q 0 0 0 rg BT 391.31 673.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 419.76 673.25 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 467.15 673.25 Td (The ) Tj ET Q q 0 0 0 rg BT 485.59 673.25 Td (Obligor ) Tj ET Q q 0 0 0 rg BT 519.60 673.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 548.04 673.25 Td (SFI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 661.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 91.49 661.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 141.76 661.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.04 661.25 Td (non-obligor ) Tj ET Q q 0 0 0 rg BT 201.75 661.25 Td (entities.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 601.75 343.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.25 601.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.25 601.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 601.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.25 601.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 571.75 343.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.25 571.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.25 571.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 571.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.25 571.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 541.75 343.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.25 541.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.25 541.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 541.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.25 541.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 511.75 343.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.25 511.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.25 511.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 511.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.25 511.75 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.25 614.75 m 479.25 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.25 614.75 m 562.25 614.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.75 632.43 Td (Summarized combined financial information of issuers and guarantors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.75 619.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 427.78 619.43 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.00 619.43 Td (December) Tj ET Q q 0 0 0 rg BT 524.50 619.43 Td ( 31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 606.83 Td (\(U.S. Dollars in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 591.42 Td (Flight equipment held for operating leases, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.75 591.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.90 591.42 Td (12,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.75 591.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 591.42 Td (12,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 576.42 Td (Intercompany receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.90 576.42 Td (15,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 576.42 Td (15,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 561.42 Td (T) Tj ET Q q 0 0 0 rg BT 61.51 561.42 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.90 561.42 Td (35,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 561.42 Td (32,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 531.42 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.90 531.42 Td (23,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 531.42 Td (19,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 516.42 Td (Intercompany payables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.90 516.42 Td (4,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.90 516.42 Td (4,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 501.42 Td (T) Tj ET Q q 0 0 0 rg BT 61.51 501.42 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.90 501.42 Td (30,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 501.42 Td (27,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 486.42 Td (Non-controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.40 486.42 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.40 486.42 Td (78) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 414.75 426.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 414.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.25 414.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 384.75 426.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 384.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.25 384.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 354.75 426.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 354.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.25 354.75 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.25 446.75 m 562.25 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.25 433.75 m 562.25 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.25 433.75 m 562.25 433.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.85 451.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 499.11 451.43 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.75 438.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 510.71 438.43 Td (ch 31, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.00 425.83 Td (\(U.S. Dollars in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.35 417.83 Td (millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 404.42 Td (T) Tj ET Q q 0 0 0 rg BT 61.51 404.42 Td (otal revenues and other income \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.75 404.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.40 404.42 Td (689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 389.42 Td (T) Tj ET Q q 0 0 0 rg BT 61.51 389.42 Td (otal expenses \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.40 389.42 Td (537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 374.42 Td (Income ) Tj ET Q q 0 0 0 rg BT 88.24 374.42 Td (before ) Tj ET Q q 0 0 0 rg BT 116.27 374.42 Td (income ) Tj ET Q q 0 0 0 rg BT 148.21 374.42 Td (taxes ) Tj ET Q q 0 0 0 rg BT 171.25 374.42 Td (and ) Tj ET Q q 0 0 0 rg BT 188.19 374.42 Td (income ) Tj ET Q q 0 0 0 rg BT 220.13 374.42 Td (of ) Tj ET Q q 0 0 0 rg BT 230.96 374.42 Td (investments ) Tj ET Q q 0 0 0 rg BT 281.23 374.42 Td (accounted ) Tj ET Q q 0 0 0 rg BT 324.26 374.42 Td (for ) Tj ET Q q 0 0 0 rg BT 338.42 374.42 Td (under ) Tj ET Q q 0 0 0 rg BT 363.69 374.42 Td (the ) Tj ET Q q 0 0 0 rg BT 378.41 374.42 Td (equity ) Tj ET Q q 0 0 0 rg BT 405.90 374.42 Td (method) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.40 374.42 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 359.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.40 359.42 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 344.42 Td (Net income attributable to ) Tj ET Q q 0 0 0 rg BT 162.39 344.42 Td (AerCap Holdings N.V) Tj ET Q q 0 0 0 rg BT 250.81 344.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.40 344.42 Td (131) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 329.75 m 172.5 329.75 l s BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 317.25 Td (T) Tj ET Q q 0 0 0 rg BT 76.87 317.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 92.61 317.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 126.85 317.25 Td (include ) Tj ET Q q 0 0 0 rg BT 155.59 317.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 184.33 317.25 Td (income ) Tj ET Q q 0 0 0 rg BT 213.07 317.25 Td (with ) Tj ET Q q 0 0 0 rg BT 231.32 317.25 Td (non-obligor ) Tj ET Q q 0 0 0 rg BT 276.06 317.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 304.31 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.06 317.25 Td ($159 ) Tj ET Q q 0 0 0 rg BT 334.31 317.25 Td (million.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 305.25 Td (\(b\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (T) Tj ET Q q 0 0 0 rg BT 76.87 305.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 92.61 305.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 127.35 305.25 Td (include ) Tj ET Q q 0 0 0 rg BT 156.09 305.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 184.83 305.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 216.07 305.25 Td (with ) Tj ET Q q 0 0 0 rg BT 234.32 305.25 Td (non-obligor ) Tj ET Q q 0 0 0 rg BT 279.07 305.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 307.31 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.06 305.25 Td ($20 ) Tj ET Q q 0 0 0 rg BT 332.81 305.25 Td (million.) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (47) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Item 3. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 251.59 731.25 Td (es ) Tj ET Q q 0 0 0 rg BT 261.87 731.25 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 710.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.90 710.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 129.40 710.25 Td (market ) Tj ET Q q 0 0 0 rg BT 160.01 710.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 177.85 710.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 216.80 710.25 Td (is ) Tj ET Q q 0 0 0 rg BT 226.31 710.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 258.59 710.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 276.42 710.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 294.27 710.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 338.21 710.25 Td (with ) Tj ET Q q 0 0 0 rg BT 358.83 710.25 Td (short- ) Tj ET Q q 0 0 0 rg BT 385.01 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.29 710.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 444.57 710.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 492.97 710.25 Td (bearing ) Tj ET Q q 0 0 0 rg BT 525.80 710.25 Td (variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 698.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 85.83 698.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 107.09 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.92 698.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 146.30 698.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 187.02 698.25 Td (under ) Tj ET Q q 0 0 0 rg BT 212.18 698.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 238.45 698.25 Td (tied ) Tj ET Q q 0 0 0 rg BT 255.83 698.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.00 698.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 299.50 698.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 331.32 698.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 354.92 698.25 Td (T) Tj ET Q q 0 0 0 rg BT 360.33 698.25 Td (o ) Tj ET Q q 0 0 0 rg BT 367.72 698.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 401.21 698.25 Td (this ) Tj ET Q q 0 0 0 rg BT 418.05 698.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 449.87 698.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 467.25 698.25 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 508.24 698.25 Td (from ) Tj ET Q q 0 0 0 rg BT 530.07 698.25 Td (time ) Tj ET Q q 0 0 0 rg BT 550.23 698.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 77.05 686.25 Td (we ) Tj ET Q q 0 0 0 rg BT 91.48 686.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 114.24 686.25 Td (into ) Tj ET Q q 0 0 0 rg BT 132.58 686.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.78 686.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 182.54 686.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 205.87 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.08 686.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 239.74 686.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 290.34 686.25 Td (W) Tj ET Q q 0 0 0 rg BT 298.98 686.25 Td (e ) Tj ET Q q 0 0 0 rg BT 306.19 686.25 Td (are ) Tj ET Q q 0 0 0 rg BT 321.18 686.25 Td (also ) Tj ET Q q 0 0 0 rg BT 340.06 686.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 375.60 686.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.16 686.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 417.81 686.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 455.56 686.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 475.83 686.25 Td (which ) Tj ET Q q 0 0 0 rg BT 503.05 686.25 Td (can ) Tj ET Q q 0 0 0 rg BT 519.70 686.25 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.25 Td (af) Tj ET Q q 0 0 0 rg BT 61.59 674.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.07 674.25 Td (our ) Tj ET Q q 0 0 0 rg BT 94.90 674.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 135.17 674.25 Td (profits. ) Tj ET Q q 0 0 0 rg BT 166.09 674.25 Td (T) Tj ET Q q 0 0 0 rg BT 171.50 674.25 Td (o ) Tj ET Q q 0 0 0 rg BT 179.00 674.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 212.60 674.25 Td (this ) Tj ET Q q 0 0 0 rg BT 229.55 674.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 249.55 674.25 Td (from ) Tj ET Q q 0 0 0 rg BT 271.49 674.25 Td (time ) Tj ET Q q 0 0 0 rg BT 291.76 674.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.04 674.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 324.81 674.25 Td (we ) Tj ET Q q 0 0 0 rg BT 338.97 674.25 Td (may ) Tj ET Q q 0 0 0 rg BT 358.69 674.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 381.17 674.25 Td (into ) Tj ET Q q 0 0 0 rg BT 399.23 674.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 433.38 674.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 473.63 674.25 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.12 653.25 Td (following ) Tj ET Q q 0 0 0 rg BT 135.07 653.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 178.81 653.25 Td (should ) Tj ET Q q 0 0 0 rg BT 207.55 653.25 Td (be ) Tj ET Q q 0 0 0 rg BT 219.06 653.25 Td (read ) Tj ET Q q 0 0 0 rg BT 238.34 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.19 653.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 297.47 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 317.32 653.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 339.94 653.25 Td (I. ) Tj ET Q q 0 0 0 rg BT 347.84 653.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 387.12 653.25 Td (InformationItem ) Tj ET Q q 0 0 0 rg BT 465.28 653.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 474.85 653.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 514.13 653.25 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (\(Unaudited\)Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.42 641.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.42 641.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 156.42 641.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 203.28 641.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.49 641.25 Td (instruments,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.66 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.76 641.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 326.97 641.25 Td (I. ) Tj ET Q q 0 0 0 rg BT 337.46 641.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 379.33 641.25 Td (InformationItem ) Tj ET Q q 0 0 0 rg BT 460.08 641.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 472.24 641.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 514.12 641.25 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (\(Unaudited\)Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.06 629.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.06 629.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 154.06 629.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 180.25 629.25 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.69 629.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.00 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.63 629.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 244.38 629.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 299.46 629.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 338.98 629.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 385.17 629.25 Td (included ) Tj ET Q q 0 0 0 rg BT 421.91 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.00 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 447.13 629.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 478.87 629.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 508.40 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 520.71 629.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 544.69 629.25 Td (20-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (F ) Tj ET Q q 0 0 0 rg BT 62.05 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 76.19 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.89 617.25 Td (year ) Tj ET Q q 0 0 0 rg BT 110.58 617.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.94 617.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 195.51 617.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.51 617.25 Td (, ) Tj ET Q q 0 0 0 rg BT 220.50 617.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 241.31 617.25 Td (with ) Tj ET Q q 0 0 0 rg BT 261.57 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.27 617.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 297.09 617.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.58 617.25 Td (March5, ) Tj ET Q q 0 0 0 rg BT 348.16 617.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.16 617.25 Td (, ) Tj ET Q q 0 0 0 rg BT 373.15 617.25 Td (which ) Tj ET Q q 0 0 0 rg BT 400.07 617.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 433.10 617.25 Td (further ) Tj ET Q q 0 0 0 rg BT 462.79 617.25 Td (information ) Tj ET Q q 0 0 0 rg BT 512.49 617.25 Td (on ) Tj ET Q q 0 0 0 rg BT 524.97 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 540.79 617.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 605.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 113.42 605.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.90 605.25 Td (instruments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 584.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 75.48 584.25 Td (est rate risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 563.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 109.45 563.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 127.41 563.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 145.38 563.25 Td (is ) Tj ET Q q 0 0 0 rg BT 155.02 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.20 563.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 209.27 563.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.02 563.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 255.19 563.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.94 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.12 563.25 Td (level ) Tj ET Q q 0 0 0 rg BT 303.53 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.83 563.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 347.23 563.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 369.07 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.48 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.67 563.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 430.73 563.25 Td (between ) Tj ET Q q 0 0 0 rg BT 467.02 563.25 Td (dif) Tj ET Q q 0 0 0 rg BT 477.95 563.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 504.23 563.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 536.63 563.25 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 551.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 85.99 551.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 102.99 551.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 120.00 551.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.67 551.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 156.24 551.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 193.24 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.03 551.25 Td (many ) Tj ET Q q 0 0 0 rg BT 227.25 551.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 258.97 551.25 Td (including ) Tj ET Q q 0 0 0 rg BT 298.75 551.25 Td (government ) Tj ET Q q 0 0 0 rg BT 348.52 551.25 Td (monetary ) Tj ET Q q 0 0 0 rg BT 388.29 551.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 423.91 551.25 Td (global ) Tj ET Q q 0 0 0 rg BT 450.91 551.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 491.79 551.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 521.01 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.45 551.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 83.71 539.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 115.65 539.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.48 539.25 Td (control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 518.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 518.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.44 518.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 115.28 518.25 Td (into ) Tj ET Q q 0 0 0 rg BT 133.70 518.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 160.44 518.25 Td (with ) Tj ET Q q 0 0 0 rg BT 181.08 518.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 203.37 518.25 Td (that ) Tj ET Q q 0 0 0 rg BT 221.23 518.25 Td (are ) Tj ET Q q 0 0 0 rg BT 236.30 518.25 Td (based ) Tj ET Q q 0 0 0 rg BT 261.93 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 274.79 518.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 298.19 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.49 518.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 350.55 518.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.85 518.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 407.09 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.38 518.25 Td (we ) Tj ET Q q 0 0 0 rg BT 438.91 518.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 460.10 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 476.29 518.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 520.80 518.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 506.25 Td (with ) Tj ET Q q 0 0 0 rg BT 75.11 506.25 Td (a ) Tj ET Q q 0 0 0 rg BT 82.88 506.25 Td (mixture ) Tj ET Q q 0 0 0 rg BT 117.32 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.99 506.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 152.87 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.64 506.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 205.08 506.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 223.40 506.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 246.45 506.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 279.77 506.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 298.09 506.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 337.52 506.25 Td (arises ) Tj ET Q q 0 0 0 rg BT 363.62 506.25 Td (when ) Tj ET Q q 0 0 0 rg BT 388.62 506.25 Td (there ) Tj ET Q q 0 0 0 rg BT 411.93 506.25 Td (is ) Tj ET Q q 0 0 0 rg BT 421.94 506.25 Td (a ) Tj ET Q q 0 0 0 rg BT 429.71 506.25 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 471.93 506.25 Td (between ) Tj ET Q q 0 0 0 rg BT 508.58 506.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 534.13 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.79 506.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 494.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 97.39 494.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 116.90 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.63 494.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.36 494.25 Td (earning ) Tj ET Q q 0 0 0 rg BT 197.64 494.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 225.76 494.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 265.27 494.25 Td (between ) Tj ET Q q 0 0 0 rg BT 300.88 494.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 334.27 494.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 351.55 494.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 371.06 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.80 494.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 410.64 494.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 427.92 494.25 Td (leases. ) Tj ET Q q 0 0 0 rg BT 456.42 494.25 Td (W) Tj ET Q q 0 0 0 rg BT 465.06 494.25 Td (e ) Tj ET Q q 0 0 0 rg BT 471.79 494.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 505.18 494.25 Td (this ) Tj ET Q q 0 0 0 rg BT 521.92 494.25 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 92.80 482.25 Td (through ) Tj ET Q q 0 0 0 rg BT 125.49 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.29 482.25 Td (use ) Tj ET Q q 0 0 0 rg BT 154.20 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.11 482.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 195.13 482.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 211.70 482.25 Td (caps, ) Tj ET Q q 0 0 0 rg BT 233.55 482.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 264.57 482.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 281.14 482.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 307.17 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.19 482.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 354.20 482.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 370.77 482.25 Td (floors ) Tj ET Q q 0 0 0 rg BT 395.69 482.25 Td (using ) Tj ET Q q 0 0 0 rg BT 418.94 482.25 Td (a ) Tj ET Q q 0 0 0 rg BT 424.96 482.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.31 482.25 Td (flow-based ) Tj ET Q q 0 0 0 rg BT 490.33 482.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 506.91 482.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 470.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 84.08 470.25 Td (This ) Tj ET Q q 0 0 0 rg BT 104.65 470.25 Td (model ) Tj ET Q q 0 0 0 rg BT 132.43 470.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 155.76 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.77 470.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 209.09 470.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 229.64 470.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 254.65 470.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 296.30 470.25 Td (by ) Tj ET Q q 0 0 0 rg BT 309.09 470.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.20 470.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.32 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.55 470.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 408.55 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.78 470.25 Td (then ) Tj ET Q q 0 0 0 rg BT 445.78 470.25 Td (calculates ) Tj ET Q q 0 0 0 rg BT 487.99 470.25 Td (by ) Tj ET Q q 0 0 0 rg BT 500.77 470.25 Td (how ) Tj ET Q q 0 0 0 rg BT 520.78 470.25 Td (much ) Tj ET Q q 0 0 0 rg BT 545.79 470.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 458.25 Td (value ) Tj ET Q q 0 0 0 rg BT 78.16 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.99 458.25 Td (these ) Tj ET Q q 0 0 0 rg BT 112.03 458.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 132.30 458.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 157.02 458.25 Td (will ) Tj ET Q q 0 0 0 rg BT 175.08 458.25 Td (change ) Tj ET Q q 0 0 0 rg BT 205.89 458.25 Td (for ) Tj ET Q q 0 0 0 rg BT 220.05 458.25 Td (a ) Tj ET Q q 0 0 0 rg BT 226.99 458.25 Td (given ) Tj ET Q q 0 0 0 rg BT 251.71 458.25 Td (movement ) Tj ET Q q 0 0 0 rg BT 296.42 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.70 458.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.63 458.25 Td (rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 437.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.83 437.25 Td (following ) Tj ET Q q 0 0 0 rg BT 136.49 437.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 162.60 437.25 Td (present ) Tj ET Q q 0 0 0 rg BT 194.25 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.25 437.25 Td (average ) Tj ET Q q 0 0 0 rg BT 243.12 437.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 278.67 437.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 315.33 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.55 437.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 371.99 437.25 Td (average ) Tj ET Q q 0 0 0 rg BT 405.85 437.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 438.07 437.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 459.72 437.25 Td (which ) Tj ET Q q 0 0 0 rg BT 486.94 437.25 Td (are ) Tj ET Q q 0 0 0 rg BT 501.93 437.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 546.35 437.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.03 425.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 107.93 425.25 Td (year ) Tj ET Q q 0 0 0 rg BT 127.94 425.25 Td (for ) Tj ET Q q 0 0 0 rg BT 142.41 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.55 425.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 201.34 425.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.13 425.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 288.61 425.25 Td (that ) Tj ET Q q 0 0 0 rg BT 306.41 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 321.43 425.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 359.23 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.82 425.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 404.83 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.42 425.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.66 425.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 471.85 425.25 Td (including ) Tj ET Q q 0 0 0 rg BT 512.43 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.57 425.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 71.72 413.25 Td (caps ) Tj ET Q q 0 0 0 rg BT 92.22 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.40 413.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 139.07 413.25 Td (as ) Tj ET Q q 0 0 0 rg BT 150.14 413.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.20 413.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 205.04 413.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.04 413.25 Td (. ) Tj ET Q q 0 0 0 rg BT 230.27 413.25 Td (Notional ) Tj ET Q q 0 0 0 rg BT 268.00 413.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 304.62 413.25 Td (are ) Tj ET Q q 0 0 0 rg BT 319.56 413.25 Td (used ) Tj ET Q q 0 0 0 rg BT 340.63 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.14 413.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 389.40 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.35 413.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 451.50 413.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 492.56 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 503.08 413.25 Td (be ) Tj ET Q q 0 0 0 rg BT 515.25 413.25 Td (exchanged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.25 Td (under ) Tj ET Q q 0 0 0 rg BT 79.27 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.00 401.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 131.20 401.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 158.70 401.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.53 401.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 206.47 401.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 223.96 401.25 Td (caps, ) Tj ET Q q 0 0 0 rg BT 246.73 401.25 Td (we ) Tj ET Q q 0 0 0 rg BT 260.90 401.25 Td (will ) Tj ET Q q 0 0 0 rg BT 278.96 401.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 310.33 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.05 401.25 Td (excess, ) Tj ET Q q 0 0 0 rg BT 356.15 401.25 Td (if ) Tj ET Q q 0 0 0 rg BT 364.77 401.25 Td (any) Tj ET Q q 0 0 0 rg BT 378.56 401.25 Td (, ) Tj ET Q q 0 0 0 rg BT 383.56 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.40 401.25 Td (LIBOR, ) Tj ET Q q 0 0 0 rg BT 429.40 401.25 Td (reset ) Tj ET Q q 0 0 0 rg BT 450.78 401.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 486.62 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 497.46 401.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 536.06 401.25 Td (on ) Tj ET Q q 0 0 0 rg BT 548.56 401.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.25 Td (actual/360 ) Tj ET Q q 0 0 0 rg BT 98.40 389.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 134.48 389.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 159.74 389.25 Td (over ) Tj ET Q q 0 0 0 rg BT 180.26 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.23 389.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 220.20 389.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 237.94 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.02 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.00 389.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 298.95 389.25 Td (cap. ) Tj ET Q q 0 0 0 rg BT 318.08 389.25 Td (For ) Tj ET Q q 0 0 0 rg BT 334.73 389.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.81 389.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 383.00 389.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 400.74 389.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 430.44 389.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 447.63 389.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 469.26 389.25 Td (are ) Tj ET Q q 0 0 0 rg BT 484.22 389.25 Td (based ) Tj ET Q q 0 0 0 rg BT 509.74 389.25 Td (on ) Tj ET Q q 0 0 0 rg BT 522.50 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.47 389.25 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 71.49 377.25 Td (which ) Tj ET Q q 0 0 0 rg BT 98.42 377.25 Td (we ) Tj ET Q q 0 0 0 rg BT 112.58 377.25 Td (are ) Tj ET Q q 0 0 0 rg BT 127.29 377.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 171.43 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.71 377.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 198.65 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.93 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.76 377.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 247.81 377.25 Td (counterparty) Tj ET Q q 0 0 0 rg BT 297.69 377.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 337.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 337.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 337.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 337.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 337.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 337.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 337.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 337.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 337.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 337.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 337.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 337.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 337.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 337.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 308.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 308.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 308.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 308.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 308.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 308.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 308.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 308.75 51.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 350.75 m 229.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 350.75 m 284.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 350.75 m 339.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 350.75 m 393.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 350.75 m 448.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 350.75 m 503.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 350.75 m 558.5 350.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.00 354.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 354.98 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.50 354.98 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.00 354.98 Td (2023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 354.98 Td (2024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.20 354.98 Td (Ther) Tj ET Q q 0 0 0 rg BT 476.01 354.98 Td (eafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.10 354.98 Td (Fair) Tj ET Q q 0 0 0 rg BT 529.69 354.98 Td ( value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.35 341.98 Td (\(U.S. Dollars in millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 328.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 78.48 328.43 Td (est rate caps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 313.87 Td (A) Tj ET Q q 0 0 0 rg BT 63.85 313.87 Td (verage notional amounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 313.42 Td (2,780.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.60 313.42 Td (2,340.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.60 313.42 Td (1,836.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.60 313.42 Td (1,229.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 313.42 Td (258.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 313.42 Td (75.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 313.42 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 298.87 Td (W) Tj ET Q q 0 0 0 rg BT 65.64 298.87 Td (eighted average strike rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.15 298.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 298.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 298.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 298.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 298.42 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 298.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 248.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 248.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 248.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 248.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 248.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 248.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 248.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 248.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 248.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 248.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 248.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 248.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 248.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 248.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 219.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 219.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 219.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 219.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 219.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 219.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 219.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 219.75 51.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 261.75 m 229.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 261.75 m 284.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 261.75 m 339.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 261.75 m 393.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 261.75 m 448.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 261.75 m 503.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 261.75 m 558.5 261.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.00 265.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 265.98 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.50 265.98 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.00 265.98 Td (2023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 265.98 Td (2024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.20 265.98 Td (Ther) Tj ET Q q 0 0 0 rg BT 476.01 265.98 Td (eafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.10 265.98 Td (Fair) Tj ET Q q 0 0 0 rg BT 529.69 265.98 Td ( value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.35 252.98 Td (\(U.S. Dollars in millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 239.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 78.48 239.43 Td (est rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 224.87 Td (A) Tj ET Q q 0 0 0 rg BT 63.85 224.87 Td (verage notional amounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.00 224.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.60 224.42 Td (3,882.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.00 224.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.60 224.42 Td (3,406.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 224.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.60 224.42 Td (2,453.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 224.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 224.42 Td (694.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 224.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 224.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 224.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 224.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 224.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 224.47 Td (\(192.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 224.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 209.87 Td (W) Tj ET Q q 0 0 0 rg BT 65.64 209.87 Td (eighted average pay rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.15 209.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 209.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 209.42 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 209.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 209.42 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 209.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 209.42 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 209.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 209.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 209.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.83 184.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 127.82 184.25 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 174.03 184.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 205.25 184.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 225.91 184.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 268.79 184.25 Td (with ) Tj ET Q q 0 0 0 rg BT 288.36 184.25 Td (these ) Tj ET Q q 0 0 0 rg BT 310.69 184.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 359.14 184.25 Td (ranged ) Tj ET Q q 0 0 0 rg BT 388.14 184.25 Td (from ) Tj ET Q q 0 0 0 rg BT 409.36 184.25 Td (one- ) Tj ET Q q 0 0 0 rg BT 428.92 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.48 184.25 Td (six-month ) Tj ET Q q 0 0 0 rg BT 480.82 184.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 500.39 184.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 525.50 184.25 Td (LIBOR.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 163.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.60 163.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 121.59 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.47 163.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 172.23 163.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.45 163.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 229.55 163.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.76 163.25 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 286.30 163.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.18 163.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 332.50 163.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 364.48 163.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 382.02 163.25 Td (management ) Tj ET Q q 0 0 0 rg BT 435.66 163.25 Td (policies. ) Tj ET Q q 0 0 0 rg BT 471.81 163.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 489.92 163.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 543.00 163.25 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 151.25 Td (is ) Tj ET Q q 0 0 0 rg BT 63.10 151.25 Td (monitored ) Tj ET Q q 0 0 0 rg BT 106.64 151.25 Td (on ) Tj ET Q q 0 0 0 rg BT 119.07 151.25 Td (an ) Tj ET Q q 0 0 0 rg BT 130.94 151.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 166.16 151.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 191.09 151.25 Td (but ) Tj ET Q q 0 0 0 rg BT 206.30 151.25 Td (is ) Tj ET Q q 0 0 0 rg BT 215.40 151.25 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 255.60 151.25 Td (by ) Tj ET Q q 0 0 0 rg BT 268.04 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.69 151.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 300.11 151.25 Td (that ) Tj ET Q q 0 0 0 rg BT 317.53 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.18 151.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 368.50 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.26 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.03 151.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 426.89 151.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 444.31 151.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 486.72 151.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 545.80 151.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 139.25 Td (required ) Tj ET Q q 0 0 0 rg BT 89.82 139.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.09 139.25 Td (collateralize ) Tj ET Q q 0 0 0 rg BT 151.45 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.72 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.44 139.25 Td (event ) Tj ET Q q 0 0 0 rg BT 200.60 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.43 139.25 Td (their ) Tj ET Q q 0 0 0 rg BT 232.25 139.25 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 279.18 139.25 Td (by ) Tj ET Q q 0 0 0 rg BT 291.68 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.40 139.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 332.22 139.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 369.15 139.25 Td (below ) Tj ET Q q 0 0 0 rg BT 396.08 139.25 Td (a ) Tj ET Q q 0 0 0 rg BT 403.02 139.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 432.73 139.25 Td (level. ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (48) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (For) Tj ET Q q 0 0 0 rg BT 69.37 731.25 Td (eign curr) Tj ET Q q 0 0 0 rg BT 108.34 731.25 Td (ency risk and for) Tj ET Q q 0 0 0 rg BT 180.66 731.25 Td (eign operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 710.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.34 710.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 139.18 710.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 177.45 710.25 Td (is ) Tj ET Q q 0 0 0 rg BT 187.41 710.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 208.48 710.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 241.49 710.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 275.90 710.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 316.94 710.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 335.23 710.25 Td (arises ) Tj ET Q q 0 0 0 rg BT 361.29 710.25 Td (from ) Tj ET Q q 0 0 0 rg BT 384.03 710.25 Td (our ) Tj ET Q q 0 0 0 rg BT 400.65 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.38 710.25 Td (our ) Tj ET Q q 0 0 0 rg BT 435.00 710.25 Td (lessees) Tj ET Q q 0 0 0 rg BT 465.36 710.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.65 710.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 513.60 710.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.67 710.25 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 698.25 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 107.88 698.25 Td (All ) Tj ET Q q 0 0 0 rg BT 123.14 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.96 698.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.77 698.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 181.12 698.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 219.15 698.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 267.16 698.25 Td (are ) Tj ET Q q 0 0 0 rg BT 281.85 698.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 325.99 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 336.25 698.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 356.52 698.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 388.73 698.25 Td (we ) Tj ET Q q 0 0 0 rg BT 402.87 698.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 434.22 698.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 487.26 698.25 Td (all ) Tj ET Q q 0 0 0 rg BT 499.74 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.55 698.25 Td (our ) Tj ET Q q 0 0 0 rg BT 526.37 698.25 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.47 686.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 84.94 686.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 114.84 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.96 686.25 Td (we ) Tj ET Q q 0 0 0 rg BT 146.31 686.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 163.44 686.25 Td (our ) Tj ET Q q 0 0 0 rg BT 179.45 686.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 218.24 686.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 258.14 686.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.60 686.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 289.07 686.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 321.28 686.25 Td (W) Tj ET Q q 0 0 0 rg BT 329.92 686.25 Td (e ) Tj ET Q q 0 0 0 rg BT 337.05 686.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 375.83 686.25 Td (have ) Tj ET Q q 0 0 0 rg BT 397.39 686.25 Td (a ) Tj ET Q q 0 0 0 rg BT 404.52 686.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 435.53 686.25 Td (number ) Tj ET Q q 0 0 0 rg BT 468.77 686.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.79 686.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 506.35 686.25 Td (denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.81 674.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 96.71 674.25 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 143.33 674.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 181.34 674.25 Td (part ) Tj ET Q q 0 0 0 rg BT 199.92 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.28 674.25 Td (our ) Tj ET Q q 0 0 0 rg BT 227.64 674.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.44 674.25 Td (in ) Tj ET Q q 0 0 0 rg BT 259.24 674.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 291.15 674.25 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 337.76 674.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 355.23 674.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 378.80 674.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.61 674.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 421.52 674.25 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 468.13 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.60 674.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 509.17 674.25 Td (some ) Tj ET Q q 0 0 0 rg BT 533.31 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.67 674.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 92.92 662.25 Td (in ) Tj ET Q q 0 0 0 rg BT 103.52 662.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 135.23 662.25 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 181.63 662.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 221.67 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.71 662.25 Td (Euro. ) Tj ET Q q 0 0 0 rg BT 260.85 662.25 Td (A) Tj ET Q q 0 0 0 rg BT 267.52 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.34 662.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 307.58 662.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.18 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.22 662.25 Td (value ) Tj ET Q q 0 0 0 rg BT 357.70 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.85 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.90 662.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 404.50 662.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 430.65 662.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.25 662.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 474.62 662.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.22 662.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 516.92 662.25 Td (currencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 650.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 92.45 650.25 Td (both ) Tj ET Q q 0 0 0 rg BT 112.03 650.25 Td (our ) Tj ET Q q 0 0 0 rg BT 127.16 650.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 148.94 650.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 182.39 650.25 Td (received ) Tj ET Q q 0 0 0 rg BT 218.05 650.25 Td (from ) Tj ET Q q 0 0 0 rg BT 239.29 650.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 269.97 650.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 306.75 650.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 360.20 650.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 385.87 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.11 650.25 Td (our ) Tj ET Q q 0 0 0 rg BT 417.24 650.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 455.14 650.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 474.16 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 483.74 650.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 514.42 650.25 Td (currencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 638.25 Td (An ) Tj ET Q q 0 0 0 rg BT 67.96 638.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 102.45 638.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.96 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.91 638.25 Td (value ) Tj ET Q q 0 0 0 rg BT 149.31 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.37 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.32 638.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 192.84 638.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 217.90 638.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.42 638.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 259.70 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.21 638.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 299.82 638.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 342.64 638.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 382.68 638.25 Td (both ) Tj ET Q q 0 0 0 rg BT 402.20 638.25 Td (our ) Tj ET Q q 0 0 0 rg BT 417.26 638.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 438.99 638.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 472.37 638.25 Td (received ) Tj ET Q q 0 0 0 rg BT 507.96 638.25 Td (from ) Tj ET Q q 0 0 0 rg BT 529.14 638.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 91.66 626.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 145.99 626.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 172.55 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.67 626.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.68 626.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 244.46 626.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 264.36 626.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.82 626.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 306.38 626.25 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 352.65 626.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 388.65 626.25 Td (we ) Tj ET Q q 0 0 0 rg BT 402.99 626.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 441.76 626.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 473.31 626.25 Td (most ) Tj ET Q q 0 0 0 rg BT 495.44 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.45 626.25 Td (our ) Tj ET Q q 0 0 0 rg BT 522.46 626.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.25 Td (in ) Tj ET Q q 0 0 0 rg BT 63.64 614.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 83.28 614.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 112.36 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.65 614.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 144.95 614.25 Td (most ) Tj ET Q q 0 0 0 rg BT 166.26 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.45 614.25 Td (our ) Tj ET Q q 0 0 0 rg BT 191.64 614.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 229.60 614.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.23 614.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 258.88 614.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 290.45 614.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.75 614.25 Td (change ) Tj ET Q q 0 0 0 rg BT 326.93 614.25 Td (in ) Tj ET Q q 0 0 0 rg BT 336.56 614.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 367.30 614.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 406.91 614.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 427.65 614.25 Td (would ) Tj ET Q q 0 0 0 rg BT 454.51 614.25 Td (not ) Tj ET Q q 0 0 0 rg BT 469.15 614.25 Td (have ) Tj ET Q q 0 0 0 rg BT 489.88 614.25 Td (a ) Tj ET Q q 0 0 0 rg BT 496.18 614.25 Td (material ) Tj ET Q q 0 0 0 rg BT 530.80 614.25 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 602.25 Td (on ) Tj ET Q q 0 0 0 rg BT 66.05 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 81.44 602.25 Td (results ) Tj ET Q q 0 0 0 rg BT 109.60 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.99 602.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.70 602.25 Td (or ) Tj ET Q q 0 0 0 rg BT 174.08 602.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.91 602.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 220.53 602.25 Td (W) Tj ET Q q 0 0 0 rg BT 229.17 602.25 Td (e ) Tj ET Q q 0 0 0 rg BT 235.66 602.25 Td (do ) Tj ET Q q 0 0 0 rg BT 247.72 602.25 Td (not ) Tj ET Q q 0 0 0 rg BT 262.55 602.25 Td (have ) Tj ET Q q 0 0 0 rg BT 283.48 602.25 Td (any ) Tj ET Q q 0 0 0 rg BT 299.98 602.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 346.46 602.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.85 602.25 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 404.99 602.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 430.94 602.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 474.09 602.25 Td (with ) Tj ET Q q 0 0 0 rg BT 493.92 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.31 602.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 540.24 602.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 590.25 Td (accounts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (Inflation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 548.25 Td (Inflation ) Tj ET Q q 0 0 0 rg BT 113.76 548.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 153.79 548.25 Td (af) Tj ET Q q 0 0 0 rg BT 161.38 548.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 183.08 548.25 Td (our ) Tj ET Q q 0 0 0 rg BT 199.24 548.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 222.05 548.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 256.52 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.79 548.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 299.12 548.25 Td (including ) Tj ET Q q 0 0 0 rg BT 339.72 548.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 371.71 548.25 Td (general ) Tj ET Q q 0 0 0 rg BT 403.96 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.23 548.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 481.26 548.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 520.19 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.45 548.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 536.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 94.76 536.25 Td (W) Tj ET Q q 0 0 0 rg BT 103.40 536.25 Td (e ) Tj ET Q q 0 0 0 rg BT 110.17 536.25 Td (do ) Tj ET Q q 0 0 0 rg BT 122.50 536.25 Td (not ) Tj ET Q q 0 0 0 rg BT 137.61 536.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 168.81 536.25 Td (that ) Tj ET Q q 0 0 0 rg BT 186.14 536.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.80 536.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.11 536.25 Td (results ) Tj ET Q q 0 0 0 rg BT 267.55 536.25 Td (have ) Tj ET Q q 0 0 0 rg BT 288.76 536.25 Td (been, ) Tj ET Q q 0 0 0 rg BT 312.47 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 323.13 536.25 Td (will ) Tj ET Q q 0 0 0 rg BT 341.02 536.25 Td (be ) Tj ET Q q 0 0 0 rg BT 352.79 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.90 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.45 536.25 Td (near ) Tj ET Q q 0 0 0 rg BT 396.99 536.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 425.70 536.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 468.57 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.34 536.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 525.98 536.25 Td (af) Tj ET Q q 0 0 0 rg BT 533.57 536.25 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 524.25 Td (by ) Tj ET Q q 0 0 0 rg BT 66.50 524.25 Td (inflation.) 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0 rg BT 474.10 442.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 514.81 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.98 442.25 Td (weaken, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.25 Td (we ) Tj ET Q q 0 0 0 rg BT 68.16 430.25 Td (may ) Tj ET Q q 0 0 0 rg BT 87.88 430.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 110.92 430.25 Td (further ) Tj ET Q q 0 0 0 rg BT 140.63 430.25 Td (accommodations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 409.25 Td (If ) Tj ET Q q 0 0 0 rg BT 85.43 409.25 Td (we ) Tj ET Q q 0 0 0 rg BT 99.36 409.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 141.61 409.25 Td (that ) Tj ET Q q 0 0 0 rg BT 158.88 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.37 409.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 227.84 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.44 409.25 Td (lessee ) Tj ET Q q 0 0 0 rg BT 264.59 409.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 289.62 409.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 330.22 409.25 Td (is ) Tj ET Q q 0 0 0 rg BT 339.16 409.25 Td (no ) Tj ET Q q 0 0 0 rg BT 351.43 409.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 379.24 409.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 416.50 409.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 459.87 409.25 Td (any ) Tj ET Q q 0 0 0 rg BT 476.58 409.25 Td (deferral ) Tj ET Q q 0 0 0 rg BT 509.94 409.25 Td (thereof\), ) Tj ET Q q 0 0 0 rg BT 546.35 409.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 397.25 Td (are ) Tj ET Q q 0 0 0 rg BT 68.68 397.25 Td (then ) Tj ET Q q 0 0 0 rg BT 88.37 397.25 Td (required ) Tj ET Q q 0 0 0 rg BT 124.16 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.42 397.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 175.75 397.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 200.99 397.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 239.00 397.25 Td (using ) Tj ET Q q 0 0 0 rg BT 263.15 397.25 Td (a ) Tj ET Q q 0 0 0 rg BT 270.06 397.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.30 397.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 336.65 397.25 Td (method ) Tj ET Q q 0 0 0 rg BT 369.12 397.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 394.91 397.25 Td (than ) Tj ET Q q 0 0 0 rg BT 414.60 397.25 Td (an ) Tj ET Q q 0 0 0 rg BT 426.51 397.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 457.85 397.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 492.82 397.25 Td (In ) Tj ET Q q 0 0 0 rg BT 503.63 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.32 397.25 Td (period ) Tj ET Q q 0 0 0 rg BT 546.34 397.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 385.25 Td (conclude ) Tj ET Q q 0 0 0 rg BT 94.03 385.25 Td (that ) Tj ET Q q 0 0 0 rg BT 112.96 385.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 156.33 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.60 385.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 192.52 385.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 234.78 385.25 Td (is ) Tj ET Q q 0 0 0 rg BT 245.39 385.25 Td (no ) Tj ET Q q 0 0 0 rg BT 259.32 385.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 288.81 385.25 Td (probable, ) Tj ET Q q 0 0 0 rg BT 330.23 385.25 Td (we ) Tj ET Q q 0 0 0 rg BT 345.83 385.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 388.63 385.25 Td (any ) Tj ET Q q 0 0 0 rg BT 407.00 385.25 Td (dif) Tj ET Q q 0 0 0 rg BT 417.93 385.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 451.28 385.25 Td (between ) Tj ET Q q 0 0 0 rg BT 488.53 385.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 524.12 385.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 373.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 100.25 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.42 373.25 Td (date ) Tj ET Q q 0 0 0 rg BT 129.46 373.25 Td (under ) Tj ET Q q 0 0 0 rg BT 154.62 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.22 373.25 Td (accrual-method ) Tj ET Q q 0 0 0 rg BT 233.79 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.62 373.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 291.33 373.25 Td (that ) Tj ET Q q 0 0 0 rg BT 308.72 373.25 Td (have ) Tj ET Q q 0 0 0 rg BT 329.98 373.25 Td (been ) Tj ET Q q 0 0 0 rg BT 351.25 373.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 389.72 373.25 Td (from ) Tj ET Q q 0 0 0 rg BT 411.55 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.15 373.25 Td (lessee, ) Tj ET Q q 0 0 0 rg BT 454.92 373.25 Td (including ) Tj ET Q q 0 0 0 rg BT 495.08 373.25 Td (security ) Tj ET Q q 0 0 0 rg BT 529.12 373.25 Td (deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 361.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 90.52 361.25 Td (held, ) Tj ET Q q 0 0 0 rg BT 112.88 361.25 Td (as ) Tj ET Q q 0 0 0 rg BT 123.84 361.25 Td (a ) Tj ET Q q 0 0 0 rg BT 130.92 361.25 Td (current ) Tj ET Q q 0 0 0 rg BT 161.87 361.25 Td (period ) Tj ET Q q 0 0 0 rg BT 190.05 361.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 236.57 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.99 361.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 269.61 361.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 304.18 361.25 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 357.42 361.25 Td (, ) Tj ET Q q 0 0 0 rg BT 362.55 361.25 Td (we ) Tj ET Q q 0 0 0 rg BT 376.85 361.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 418.35 361.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 456.52 361.25 Td (based ) Tj ET Q q 0 0 0 rg BT 481.93 361.25 Td (on ) Tj ET Q q 0 0 0 rg BT 494.57 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.42 361.25 Td (lesser ) Tj ET Q q 0 0 0 rg BT 534.83 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.79 361.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 349.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 104.43 349.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 129.31 349.25 Td (income ) Tj ET Q q 0 0 0 rg BT 160.85 349.25 Td (or ) Tj ET Q q 0 0 0 rg BT 171.29 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.62 349.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 207.71 349.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 248.15 349.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 286.35 349.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.90 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.23 349.25 Td (lessee, ) Tj ET Q q 0 0 0 rg BT 350.72 349.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.26 349.25 Td (could ) Tj ET Q q 0 0 0 rg BT 401.59 349.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 444.24 349.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 473.00 349.25 Td (our ) Tj ET Q q 0 0 0 rg BT 488.44 349.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 523.86 349.25 Td (revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 337.25 Td (During ) Tj ET Q q 0 0 0 rg BT 84.55 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.98 337.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 129.52 337.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 155.61 337.25 Td (March ) Tj ET Q q 0 0 0 rg BT 183.93 337.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 198.65 337.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 223.37 337.25 Td (we ) Tj ET Q q 0 0 0 rg BT 237.24 337.25 Td (started ) Tj ET Q q 0 0 0 rg BT 266.12 337.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 315.54 337.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 333.30 337.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 373.85 337.25 Td (from ) Tj ET Q q 0 0 0 rg BT 395.50 337.25 Td (several ) Tj ET Q q 0 0 0 rg BT 426.04 337.25 Td (lessees, ) Tj ET Q q 0 0 0 rg BT 458.52 337.25 Td (including ) Tj ET Q q 0 0 0 rg BT 498.52 337.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 544.67 337.25 Td (Air ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 325.25 Td (Shuttle ) Tj ET Q q 0 0 0 rg BT 84.27 325.25 Td (ASA) Tj ET Q q 0 0 0 rg BT 103.72 325.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.21 325.25 Td (\(Norwegian\), ) Tj ET Q q 0 0 0 rg BT 171.16 325.25 Td (which ) Tj ET Q q 0 0 0 rg BT 198.08 325.25 Td (is ) Tj ET Q q 0 0 0 rg BT 207.24 325.25 Td (one ) Tj ET Q q 0 0 0 rg BT 224.16 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.97 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.79 325.25 Td (more ) Tj ET Q q 0 0 0 rg BT 273.82 325.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 318.52 325.25 Td (lessees, ) Tj ET Q q 0 0 0 rg BT 351.27 325.25 Td (using ) Tj ET Q q 0 0 0 rg BT 375.42 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.12 325.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 410.38 325.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 445.36 325.25 Td (which ) Tj ET Q q 0 0 0 rg BT 472.28 325.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 506.42 325.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.68 325.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.60 325.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 313.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 87.33 313.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 109.81 313.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 131.75 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.58 313.25 Td ($16.2 ) Tj ET Q q 0 0 0 rg BT 167.58 313.25 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 292.25 Td (Many ) Tj ET Q q 0 0 0 rg BT 103.13 292.25 Td (national ) Tj ET Q q 0 0 0 rg BT 138.65 292.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 193.61 292.25 Td (have ) Tj ET Q q 0 0 0 rg BT 215.79 292.25 Td (introduced ) Tj ET Q q 0 0 0 rg BT 261.85 292.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 286.27 292.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 299.85 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 311.48 292.25 Td (have ) Tj ET Q q 0 0 0 rg BT 333.66 292.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 373.61 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 391.91 292.25 Td (they ) Tj ET Q q 0 0 0 rg BT 412.43 292.25 Td (may) Tj ET Q q 0 0 0 rg BT 429.00 292.25 Td (, ) Tj ET Q q 0 0 0 rg BT 434.80 292.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 468.65 292.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.94 292.25 Td (assistance ) Tj ET Q q 0 0 0 rg BT 550.23 292.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 280.25 Td (airlines. ) Tj ET Q q 0 0 0 rg BT 88.99 280.25 Td (It ) Tj ET Q q 0 0 0 rg BT 98.16 280.25 Td (is ) Tj ET Q q 0 0 0 rg BT 107.89 280.25 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 150.66 280.25 Td (however) Tj ET Q q 0 0 0 rg BT 184.68 280.25 Td (, ) Tj ET Q q 0 0 0 rg BT 190.25 280.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 225.51 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.01 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.85 280.25 Td (what ) Tj ET Q q 0 0 0 rg BT 276.35 280.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 303.84 280.25 Td (this ) Tj ET Q q 0 0 0 rg BT 321.35 280.25 Td (assistance ) Tj ET Q q 0 0 0 rg BT 364.40 280.25 Td (will ) Tj ET Q q 0 0 0 rg BT 383.02 280.25 Td (be ) Tj ET Q q 0 0 0 rg BT 395.51 280.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 436.62 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.12 280.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 508.84 280.25 Td (may ) Tj ET Q q 0 0 0 rg BT 529.11 280.25 Td (impose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 268.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 98.52 268.25 Td (on ) Tj ET Q q 0 0 0 rg BT 111.37 268.25 Td (airline ) Tj ET Q q 0 0 0 rg BT 139.76 268.25 Td (recipients ) Tj ET Q q 0 0 0 rg BT 181.49 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.67 268.25 Td (assistance, ) Tj ET Q q 0 0 0 rg BT 238.00 268.25 Td (such ) Tj ET Q q 0 0 0 rg BT 259.19 268.25 Td (as ) Tj ET Q q 0 0 0 rg BT 270.37 268.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 309.87 268.25 Td (airlines ) Tj ET Q q 0 0 0 rg BT 342.16 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.79 268.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 385.63 268.25 Td (less ) Tj ET Q q 0 0 0 rg BT 403.48 268.25 Td (environmentally-friendly ) Tj ET Q q 0 0 0 rg BT 506.85 268.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 538.57 268.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 256.25 Td (their ) Tj ET Q q 0 0 0 rg BT 74.61 256.25 Td (fleets ) Tj ET Q q 0 0 0 rg BT 98.55 256.25 Td (or ) Tj ET Q q 0 0 0 rg BT 109.16 256.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 136.44 256.25 Td (concessions ) Tj ET Q q 0 0 0 rg BT 186.49 256.25 Td (from ) Tj ET Q q 0 0 0 rg BT 208.21 256.25 Td (their ) Tj ET Q q 0 0 0 rg BT 228.82 256.25 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 268.58 256.25 Td (including ) Tj ET Q q 0 0 0 rg BT 308.64 256.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 339.79 256.25 Td (lessors, ) Tj ET Q q 0 0 0 rg BT 371.79 256.25 Td (which ) Tj ET Q q 0 0 0 rg BT 398.51 256.25 Td (could ) Tj ET Q q 0 0 0 rg BT 423.01 256.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 463.61 256.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 493.10 256.25 Td (our ) Tj ET Q q 0 0 0 rg BT 508.72 256.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 546.89 256.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 244.25 Td (part ) Tj ET Q q 0 0 0 rg BT 72.57 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.92 244.25 Td (Norwegian) Tj ET Q q 0 0 0 rg BT 131.13 244.25 Td (s ) Tj ET Q q 0 0 0 rg BT 138.04 244.25 Td (ef) Tj ET Q q 0 0 0 rg BT 145.63 244.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 163.09 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.89 244.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 203.02 244.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 233.24 244.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 277.93 244.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 322.04 244.25 Td (with ) Tj ET Q q 0 0 0 rg BT 342.84 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 350.30 244.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 373.87 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.22 244.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 443.22 244.25 Td (aid, ) Tj ET Q q 0 0 0 rg BT 460.96 244.25 Td (we ) Tj ET Q q 0 0 0 rg BT 475.64 244.25 Td (have ) Tj ET Q q 0 0 0 rg BT 497.54 244.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 529.99 244.25 Td (into ) Tj ET Q q 0 0 0 rg BT 548.57 244.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 232.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 97.92 232.25 Td (with ) Tj ET Q q 0 0 0 rg BT 117.98 232.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 164.69 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.75 232.25 Td (waive ) Tj ET Q q 0 0 0 rg BT 200.91 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.63 232.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 246.56 232.25 Td (future ) Tj ET Q q 0 0 0 rg BT 272.72 232.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 294.98 232.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 335.59 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.65 232.25 Td (return ) Tj ET Q q 0 0 0 rg BT 371.81 232.25 Td (for ) Tj ET Q q 0 0 0 rg BT 385.75 232.25 Td (an ) Tj ET Q q 0 0 0 rg BT 397.47 232.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 424.75 232.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 456.46 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 466.52 232.25 Td (Norwegian, ) Tj ET Q q 0 0 0 rg BT 515.74 232.25 Td (which ) Tj ET Q q 0 0 0 rg BT 542.46 232.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 220.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 79.71 220.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 117.05 220.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.31 220.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 167.89 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.60 220.25 Td (future ) Tj ET Q q 0 0 0 rg BT 205.41 220.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 240.28 220.25 Td (See ) Tj ET Q q 0 0 0 rg BT 257.65 220.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 283.35 220.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 293.78 220.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 313.37 220.25 Td (InformationRisk ) Tj ET Q q 0 0 0 rg BT 392.41 220.25 Td (FactorsRisks ) Tj ET Q q 0 0 0 rg BT 457.01 220.25 Td (related ) Tj ET Q q 0 0 0 rg BT 487.14 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.85 220.25 Td (our ) Tj ET Q q 0 0 0 rg BT 514.12 220.25 Td (business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 208.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 72.26 208.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 109.96 208.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 150.44 208.25 Td (is ) Tj ET Q q 0 0 0 rg BT 159.82 208.25 Td (dependent, ) Tj ET Q q 0 0 0 rg BT 206.13 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.62 208.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 237.37 208.25 Td (on ) Tj ET Q q 0 0 0 rg BT 250.09 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.01 208.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.71 208.25 Td (strength ) Tj ET Q q 0 0 0 rg BT 337.63 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.68 208.25 Td (our ) Tj ET Q q 0 0 0 rg BT 364.72 208.25 Td (lessees ) Tj ET Q q 0 0 0 rg BT 399.64 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.13 208.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.57 208.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 457.72 208.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 487.65 208.25 Td (on ) Tj ET Q q 0 0 0 rg BT 500.36 208.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 524.74 208.25 Td (20-F ) Tj ET Q q 0 0 0 rg BT 546.34 208.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 196.25 Td (year ) Tj ET Q q 0 0 0 rg BT 88.42 196.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.80 196.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 173.38 196.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.38 196.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.38 196.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 219.21 196.25 Td (with ) Tj ET Q q 0 0 0 rg BT 239.49 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.21 196.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 275.04 196.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.54 196.25 Td (March5, ) Tj ET Q q 0 0 0 rg BT 326.14 196.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.14 196.25 Td (. ) Tj ET Q q 0 0 0 rg BT 351.14 196.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 175.25 Td (In ) Tj ET Q q 0 0 0 rg BT 87.59 175.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 123.13 175.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.67 175.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.88 175.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 181.40 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.94 175.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 215.25 175.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 238.00 175.25 Td (rents, ) Tj ET Q q 0 0 0 rg BT 262.71 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.69 175.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.66 175.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 354.30 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.84 175.25 Td (air ) Tj ET Q q 0 0 0 rg BT 378.15 175.25 Td (travel ) Tj ET Q q 0 0 0 rg BT 403.68 175.25 Td (has ) Tj ET Q q 0 0 0 rg BT 419.77 175.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 454.19 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.73 175.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 490.26 175.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 533.58 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.67 175.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 163.25 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 88.45 163.25 Td (which ) Tj ET Q q 0 0 0 rg BT 115.98 163.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.73 163.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 151.59 163.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.46 163.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 192.19 163.25 Td (future ) Tj ET Q q 0 0 0 rg BT 219.16 163.25 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 275.56 163.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 329.18 163.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 347.81 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.34 163.25 Td (EOL) Tj ET Q q 0 0 0 rg BT 384.41 163.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.49 163.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 446.12 163.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 480.30 163.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.17 163.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 505.43 163.25 Td (W) Tj ET Q q 0 0 0 rg BT 514.06 163.25 Td (e ) Tj ET Q q 0 0 0 rg BT 521.59 163.25 Td (may ) Tj ET Q q 0 0 0 rg BT 541.89 163.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 151.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 100.47 151.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 134.73 151.25 Td (or ) Tj ET Q q 0 0 0 rg BT 146.23 151.25 Td (lost ) Tj ET Q q 0 0 0 rg BT 163.84 151.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 198.66 151.25 Td (if ) Tj ET Q q 0 0 0 rg BT 207.93 151.25 Td (key ) Tj ET Q q 0 0 0 rg BT 225.54 151.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 257.57 151.25 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 317.93 151.25 Td (are ) Tj ET Q q 0 0 0 rg BT 333.31 151.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 363.13 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.08 151.25 Td (deliver ) Tj ET Q q 0 0 0 rg BT 405.01 151.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 437.04 151.25 Td (on ) Tj ET Q q 0 0 0 rg BT 450.21 151.25 Td (schedule ) Tj ET Q q 0 0 0 rg BT 488.36 151.25 Td (due ) Tj ET Q q 0 0 0 rg BT 505.97 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.91 151.25 Td (Covid-19-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 139.25 Td (related ) Tj ET Q q 0 0 0 rg BT 82.86 139.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 110.90 139.25 Td (such ) Tj ET Q q 0 0 0 rg BT 130.89 139.25 Td (as ) Tj ET Q q 0 0 0 rg BT 140.88 139.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 169.20 139.25 Td (chain ) Tj ET Q q 0 0 0 rg BT 192.51 139.25 Td (disruptions, ) Tj ET Q q 0 0 0 rg BT 241.11 139.25 Td (production ) Tj ET Q q 0 0 0 rg BT 286.09 139.25 Td (cuts, ) Tj ET Q q 0 0 0 rg BT 306.36 139.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 336.33 139.25 Td (shutdowns ) Tj ET Q q 0 0 0 rg BT 380.77 139.25 Td (or ) Tj ET Q q 0 0 0 rg BT 390.76 139.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 426.30 139.25 Td (constraints, ) Tj ET Q q 0 0 0 rg BT 473.79 139.25 Td (although ) Tj ET Q q 0 0 0 rg BT 510.44 139.25 Td (it ) Tj ET Q q 0 0 0 rg BT 517.65 139.25 Td (is ) Tj ET Q q 0 0 0 rg BT 525.97 139.25 Td (dif) Tj ET Q q 0 0 0 rg BT 536.90 139.25 Td (ficult ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 127.25 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 127.25 Td (us ) Tj ET Q q 0 0 0 rg BT 79.55 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.83 127.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 120.09 127.25 Td (with ) Tj ET Q q 0 0 0 rg BT 140.37 127.25 Td (certainty ) Tj ET Q q 0 0 0 rg BT 177.85 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.57 127.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 222.28 127.25 Td (that ) Tj ET Q q 0 0 0 rg BT 239.78 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.49 127.25 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 294.77 127.25 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 332.26 127.25 Td (will ) Tj ET Q q 0 0 0 rg BT 350.31 127.25 Td (have ) Tj ET Q q 0 0 0 rg BT 371.69 127.25 Td (on ) Tj ET Q q 0 0 0 rg BT 384.19 127.25 Td (manufacturers. ) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (50) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 731.10 Td (Further) Tj ET Q q 0 0 0 rg BT 105.54 731.10 Td (, ) Tj ET Q q 0 0 0 rg BT 110.46 731.10 Td (current ) Tj ET Q q 0 0 0 rg BT 141.20 731.10 Td (market ) Tj ET Q q 0 0 0 rg BT 171.39 731.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 215.48 731.10 Td (have ) Tj ET Q q 0 0 0 rg BT 236.78 731.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 276.95 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.59 731.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 334.57 731.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.99 731.10 Td (some ) Tj ET Q q 0 0 0 rg BT 375.52 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.27 731.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.03 731.10 Td (lessees ) Tj ET Q q 0 0 0 rg BT 432.22 731.10 Td (will ) Tj ET Q q 0 0 0 rg BT 450.20 731.10 Td (default ) Tj ET Q q 0 0 0 rg BT 480.38 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 492.81 731.10 Td (their ) Tj ET Q q 0 0 0 rg BT 513.56 731.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 63.45 719.10 Td (us ) Tj ET Q q 0 0 0 rg BT 74.02 719.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.02 719.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 129.00 719.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 173.33 719.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.51 719.10 Td (which ) Tj ET Q q 0 0 0 rg BT 203.62 719.10 Td (could ) Tj ET Q q 0 0 0 rg BT 227.51 719.10 Td (result ) Tj ET Q q 0 0 0 rg BT 251.40 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.85 719.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 285.29 719.10 Td (values ) Tj ET Q q 0 0 0 rg BT 312.51 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.85 719.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.85 719.10 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 373.89 719.10 Td (especially ) Tj ET Q q 0 0 0 rg BT 415.54 719.10 Td (widebody ) Tj ET Q q 0 0 0 rg BT 456.66 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.77 719.10 Td (older ) Tj ET Q q 0 0 0 rg BT 494.99 719.10 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 528.02 719.10 Td (thereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 97.54 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.21 707.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 155.21 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 172.66 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.89 707.10 Td (future ) Tj ET Q q 0 0 0 rg BT 209.21 707.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 243.87 707.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.98 707.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.65 707.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 318.96 707.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 367.51 707.10 Td (char) Tj ET Q q 0 0 0 rg BT 384.54 707.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 400.32 707.10 Td (with ) Tj ET Q q 0 0 0 rg BT 420.54 707.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 451.31 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.54 707.10 Td (these ) Tj ET Q q 0 0 0 rg BT 484.54 707.10 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 518.35 707.10 Td (See ) Tj ET Q q 0 0 0 rg BT 535.24 707.10 Td (Item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 63.91 695.10 Td (Management) Tj ET Q q 0 0 0 rg BT 118.89 695.10 Td (s ) Tj ET Q q 0 0 0 rg BT 125.20 695.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 171.50 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.82 695.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 225.24 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.98 695.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 275.61 695.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 318.02 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.88 695.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 366.74 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.48 695.10 Td (OperationsCritical ) Tj ET Q q 0 0 0 rg BT 463.76 695.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 510.05 695.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 543.57 695.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (estimatesEvent-driven ) Tj ET Q q 0 0 0 rg BT 156.26 683.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 205.21 683.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 260.83 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.46 683.10 Td (this ) Tj ET Q q 0 0 0 rg BT 288.75 683.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 321.04 683.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 351.10 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.95 683.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 388.47 683.10 Td (6-K. ) Tj ET Q q 0 0 0 rg BT 408.74 683.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 458.64 683.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.99 683.10 Td (any ) Tj ET Q q 0 0 0 rg BT 481.28 683.10 Td (such ) Tj ET Q q 0 0 0 rg BT 502.46 683.10 Td (developments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td (could ) Tj ET Q q 0 0 0 rg BT 78.73 671.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 114.00 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.74 671.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 171.81 671.10 Td (that ) Tj ET Q q 0 0 0 rg BT 189.32 671.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.17 671.10 Td (definite-lived ) Tj ET Q q 0 0 0 rg BT 261.55 671.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 304.06 671.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.91 671.10 Td (\(consisting ) Tj ET Q q 0 0 0 rg BT 376.31 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.16 671.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 426.33 671.10 Td (relationships\) ) Tj ET Q q 0 0 0 rg BT 483.28 671.10 Td (could ) Tj ET Q q 0 0 0 rg BT 508.01 671.10 Td (be ) Tj ET Q q 0 0 0 rg BT 519.97 671.10 Td (impaired. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (In ) Tj ET Q q 0 0 0 rg BT 64.57 659.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 102.09 659.10 Td (any ) Tj ET Q q 0 0 0 rg BT 118.77 659.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 163.11 659.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.85 659.10 Td (insolvency) Tj ET Q q 0 0 0 rg BT 210.52 659.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.27 659.10 Td (reor) Tj ET Q q 0 0 0 rg BT 231.19 659.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 275.08 659.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.65 659.10 Td (other ) Tj ET Q q 0 0 0 rg BT 308.44 659.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 361.78 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.35 659.10 Td (our ) Tj ET Q q 0 0 0 rg BT 387.92 659.10 Td (lessees ) Tj ET Q q 0 0 0 rg BT 417.93 659.10 Td (heightens ) Tj ET Q q 0 0 0 rg BT 458.50 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.96 659.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 490.20 659.10 Td (that ) Tj ET Q q 0 0 0 rg BT 507.44 659.10 Td (these ) Tj ET Q q 0 0 0 rg BT 530.23 659.10 Td (lessees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.10 Td (may ) Tj ET Q q 0 0 0 rg BT 73.43 647.10 Td (ground ) Tj ET Q q 0 0 0 rg BT 103.97 647.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.51 647.10 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 153.08 647.10 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 191.94 647.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 235.81 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.80 647.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 276.87 647.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 299.07 647.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 327.94 647.10 Td (or ) Tj ET Q q 0 0 0 rg BT 338.48 647.10 Td (altogether ) Tj ET Q q 0 0 0 rg BT 380.67 647.10 Td (reject ) Tj ET Q q 0 0 0 rg BT 405.08 647.10 Td (their ) Tj ET Q q 0 0 0 rg BT 425.62 647.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 454.21 647.10 Td (all ) Tj ET Q q 0 0 0 rg BT 466.41 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.95 647.10 Td (which ) Tj ET Q q 0 0 0 rg BT 503.60 647.10 Td (could ) Tj ET Q q 0 0 0 rg BT 528.03 647.10 Td (depress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 85.55 635.10 Td (market ) Tj ET Q q 0 0 0 rg BT 116.00 635.10 Td (value ) Tj ET Q q 0 0 0 rg BT 140.35 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.48 635.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 198.48 635.10 Td (af) Tj ET Q q 0 0 0 rg BT 206.07 635.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 223.75 635.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.76 635.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 268.01 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.47 635.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 306.71 635.10 Td (re-lease ) Tj ET Q q 0 0 0 rg BT 340.49 635.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.51 635.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 368.08 635.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 399.64 635.10 Td (at ) Tj ET Q q 0 0 0 rg BT 409.54 635.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 449.99 635.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 474.05 635.10 Td (if ) Tj ET Q q 0 0 0 rg BT 482.85 635.10 Td (at ) Tj ET Q q 0 0 0 rg BT 492.76 635.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 507.94 635.10 Td (See ) Tj ET Q q 0 0 0 rg BT 525.07 635.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 550.52 635.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 73.91 623.10 Td (InformationRisk ) Tj ET Q q 0 0 0 rg BT 153.26 623.10 Td (FactorsRisks ) Tj ET Q q 0 0 0 rg BT 218.18 623.10 Td (related ) Tj ET Q q 0 0 0 rg BT 248.63 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.66 623.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.24 623.10 Td (businessAirline ) Tj ET Q q 0 0 0 rg BT 351.71 623.10 Td (reor) Tj ET Q q 0 0 0 rg BT 367.63 623.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 416.42 623.10 Td (could ) Tj ET Q q 0 0 0 rg BT 441.88 623.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 471.24 623.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.82 623.10 Td (lessees) Tj ET Q q 0 0 0 rg BT 518.17 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.42 623.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 550.22 623.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 86.32 611.10 Td (with ) Tj ET Q q 0 0 0 rg BT 106.43 611.10 Td (their ) Tj ET Q q 0 0 0 rg BT 127.09 611.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 149.40 611.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 186.16 611.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 232.94 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.04 611.10 Td (us ) Tj ET Q q 0 0 0 rg BT 258.70 611.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.81 611.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.95 611.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 315.72 611.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 345.27 611.10 Td (on ) Tj ET Q q 0 0 0 rg BT 357.60 611.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 381.60 611.10 Td (20-F ) Tj ET Q q 0 0 0 rg BT 402.82 611.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.81 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.35 611.10 Td (year ) Tj ET Q q 0 0 0 rg BT 450.89 611.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.09 611.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 535.51 611.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.51 611.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 599.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 74.83 599.10 Td (with ) Tj ET Q q 0 0 0 rg BT 95.10 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.82 599.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 130.66 599.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.16 599.10 Td (March5, ) Tj ET Q q 0 0 0 rg BT 181.76 599.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.76 599.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 578.10 Td (While ) Tj ET Q q 0 0 0 rg BT 103.41 578.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.55 578.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 146.12 578.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 166.09 578.10 Td (even ) Tj ET Q q 0 0 0 rg BT 187.45 578.10 Td (with ) Tj ET Q q 0 0 0 rg BT 207.71 578.10 Td (current ) Tj ET Q q 0 0 0 rg BT 238.50 578.10 Td (market ) Tj ET Q q 0 0 0 rg BT 268.74 578.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 315.38 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.19 578.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 367.56 578.10 Td (is ) Tj ET Q q 0 0 0 rg BT 376.71 578.10 Td (more ) Tj ET Q q 0 0 0 rg BT 399.73 578.10 Td (than ) Tj ET Q q 0 0 0 rg BT 419.43 578.10 Td (suf) Tj ET Q q 0 0 0 rg BT 431.47 578.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 459.49 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.75 578.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 498.33 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 514.14 578.10 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 566.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 101.39 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.23 566.10 Td (other ) Tj ET Q q 0 0 0 rg BT 141.18 566.10 Td (business ) Tj ET Q q 0 0 0 rg BT 177.48 566.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 202.66 566.10 Td (over ) Tj ET Q q 0 0 0 rg BT 222.83 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.46 566.10 Td (next ) Tj ET Q q 0 0 0 rg BT 257.08 566.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 269.48 566.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 303.84 566.10 Td (we ) Tj ET Q q 0 0 0 rg BT 317.91 566.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 346.97 566.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 374.36 566.10 Td (you ) Tj ET Q q 0 0 0 rg BT 391.77 566.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.17 566.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.34 566.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.52 566.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 490.25 566.10 Td (will ) Tj ET Q q 0 0 0 rg BT 508.21 566.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.40 566.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.24 566.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 554.10 Td (than ) Tj ET Q q 0 0 0 rg BT 72.75 554.10 Td (we ) Tj ET Q q 0 0 0 rg BT 85.95 554.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 113.58 554.10 Td (due ) Tj ET Q q 0 0 0 rg BT 129.56 554.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 141.38 554.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.58 554.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 192.49 554.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 219.57 554.10 Td (than ) Tj ET Q q 0 0 0 rg BT 238.33 554.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 275.40 554.10 Td (deferral ) Tj ET Q q 0 0 0 rg BT 308.02 554.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 363.42 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.29 554.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 409.26 554.10 Td (defaults. ) Tj ET Q q 0 0 0 rg BT 444.95 554.10 Td (In ) Tj ET Q q 0 0 0 rg BT 454.82 554.10 Td (March ) Tj ET Q q 0 0 0 rg BT 482.46 554.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 506.50 554.10 Td (we ) Tj ET Q q 0 0 0 rg BT 519.69 554.10 Td (borrowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 542.10 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 73.44 542.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 101.49 542.10 Td (under ) Tj ET Q q 0 0 0 rg BT 126.19 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.34 542.10 Td (Citi ) Tj ET Q q 0 0 0 rg BT 157.28 542.10 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 195.88 542.10 Td (as ) Tj ET Q q 0 0 0 rg BT 206.14 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.52 542.10 Td (precautionary ) Tj ET Q q 0 0 0 rg BT 269.42 542.10 Td (measure. ) Tj ET Q q 0 0 0 rg BT 307.17 542.10 Td (In ) Tj ET Q q 0 0 0 rg BT 317.01 542.10 Td (April ) Tj ET Q q 0 0 0 rg BT 340.06 542.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 364.49 542.10 Td (we ) Tj ET Q q 0 0 0 rg BT 378.09 542.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 405.01 542.10 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 424.45 542.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 452.50 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.76 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.92 542.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 525.52 542.10 Td (amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 94.14 530.10 Td (we ) Tj ET Q q 0 0 0 rg BT 108.17 530.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 146.63 530.10 Td (have ) Tj ET Q q 0 0 0 rg BT 167.87 530.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.67 530.10 Td (number ) Tj ET Q q 0 0 0 rg BT 207.58 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.28 530.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 250.63 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.33 530.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 294.57 530.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.43 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.58 530.10 Td (some ) Tj ET Q q 0 0 0 rg BT 333.05 530.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 356.51 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.10 530.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 418.45 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.14 530.10 Td (these ) Tj ET Q q 0 0 0 rg BT 452.05 530.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 484.41 530.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.44 530.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 538.02 530.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 518.10 Td (our ) Tj ET Q q 0 0 0 rg BT 68.96 518.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 96.14 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.55 518.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 133.28 518.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 162.11 518.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.72 518.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 242.84 518.10 Td (See ) Tj ET Q q 0 0 0 rg BT 258.90 518.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 284.41 518.10 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.41 518.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.85 518.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 377.14 518.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 401.53 518.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 442.03 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.43 518.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.39 518.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 520.79 518.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 506.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 100.56 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.02 506.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.44 506.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 158.56 506.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 188.45 506.10 Td (on ) Tj ET Q q 0 0 0 rg BT 201.13 506.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 225.48 506.10 Td (20-F ) Tj ET Q q 0 0 0 rg BT 247.05 506.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.39 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.29 506.10 Td (year ) Tj ET Q q 0 0 0 rg BT 296.18 506.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.73 506.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 381.50 506.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 506.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.68 506.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.68 506.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.14 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.04 506.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 484.05 506.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.73 506.10 Td (March5, ) Tj ET Q q 0 0 0 rg BT 535.51 506.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.51 506.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 494.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 77.19 494.10 Td (though ) Tj ET Q q 0 0 0 rg BT 107.61 494.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.91 494.10 Td (do ) Tj ET Q q 0 0 0 rg BT 134.55 494.10 Td (not ) Tj ET Q q 0 0 0 rg BT 149.97 494.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 188.70 494.10 Td (foresee ) Tj ET Q q 0 0 0 rg BT 220.21 494.10 Td (any ) Tj ET Q q 0 0 0 rg BT 237.29 494.10 Td (dif) Tj ET Q q 0 0 0 rg BT 248.22 494.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 276.96 494.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.93 494.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 323.90 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.32 494.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 364.72 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.14 494.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 423.87 494.10 Td (with ) Tj ET Q q 0 0 0 rg BT 444.29 494.10 Td (these ) Tj ET Q q 0 0 0 rg BT 467.48 494.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 505.10 494.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 550.23 494.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.19 482.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 94.59 482.10 Td (we ) Tj ET Q q 0 0 0 rg BT 108.23 482.10 Td (do ) Tj ET Q q 0 0 0 rg BT 120.20 482.10 Td (not ) Tj ET Q q 0 0 0 rg BT 134.95 482.10 Td (do ) Tj ET Q q 0 0 0 rg BT 146.92 482.10 Td (so, ) Tj ET Q q 0 0 0 rg BT 160.28 482.10 Td (we ) Tj ET Q q 0 0 0 rg BT 173.91 482.10 Td (may ) Tj ET Q q 0 0 0 rg BT 193.10 482.10 Td (be ) Tj ET Q q 0 0 0 rg BT 204.51 482.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.26 482.10 Td (default ) Tj ET Q q 0 0 0 rg BT 244.00 482.10 Td (under) Tj ET Q q 0 0 0 rg BT 266.37 482.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.84 482.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 298.36 482.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 326.98 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.73 482.10 Td (draw ) Tj ET Q q 0 0 0 rg BT 358.70 482.10 Td (upon, ) Tj ET Q q 0 0 0 rg BT 383.17 482.10 Td (these ) Tj ET Q q 0 0 0 rg BT 405.69 482.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 437.65 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.95 482.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 483.81 482.10 Td (or ) Tj ET Q q 0 0 0 rg BT 494.11 482.10 Td (may ) Tj ET Q q 0 0 0 rg BT 513.30 482.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.71 482.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 470.10 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 103.43 470.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 156.47 470.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.75 470.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.58 470.10 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 254.22 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.94 470.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 293.65 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.48 470.10 Td (which ) Tj ET Q q 0 0 0 rg BT 331.42 470.10 Td (could ) Tj ET Q q 0 0 0 rg BT 356.14 470.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.08 470.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 418.33 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.61 470.10 Td (us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 449.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 126.40 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 131.28 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.87 449.10 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 186.03 449.10 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 223.39 449.10 Td (has ) Tj ET Q q 0 0 0 rg BT 239.10 449.10 Td (led ) Tj ET Q q 0 0 0 rg BT 253.69 449.10 Td (us ) Tj ET Q q 0 0 0 rg BT 264.96 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.12 449.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 299.71 449.10 Td (remote ) Tj ET Q q 0 0 0 rg BT 329.85 449.10 Td (working ) Tj ET Q q 0 0 0 rg BT 365.56 449.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 424.30 449.10 Td (which ) Tj ET Q q 0 0 0 rg BT 451.11 449.10 Td (could ) Tj ET Q q 0 0 0 rg BT 475.71 449.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 519.73 449.10 Td (af) Tj ET Q q 0 0 0 rg BT 527.32 449.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 544.68 449.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 97.68 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.04 437.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 140.61 437.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 174.85 437.10 Td (over ) Tj ET Q q 0 0 0 rg BT 194.64 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.65 437.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 270.33 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.80 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 306.04 437.10 Td (require ) Tj ET Q q 0 0 0 rg BT 336.38 437.10 Td (us ) Tj ET Q q 0 0 0 rg BT 347.30 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.11 437.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 401.90 437.10 Td (new ) Tj ET Q q 0 0 0 rg BT 420.59 437.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 463.43 437.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 509.33 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.79 437.10 Td (controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.32 425.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 98.53 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.85 425.10 Td (further ) Tj ET Q q 0 0 0 rg BT 138.61 425.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 173.36 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.68 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.56 425.10 Td (business ) Tj ET Q q 0 0 0 rg BT 235.99 425.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 291.40 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 300.04 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 307.02 425.10 Td (also ) Tj ET Q q 0 0 0 rg BT 325.67 425.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 357.10 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.64 425.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.39 425.10 Td (key ) Tj ET Q q 0 0 0 rg BT 416.37 425.10 Td (of) Tj ET Q q 0 0 0 rg BT 424.52 425.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 449.27 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.26 425.10 Td (employees; ) Tj ET Q q 0 0 0 rg BT 514.35 425.10 Td (should ) Tj ET Q q 0 0 0 rg BT 543.56 425.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 413.10 Td (them ) Tj ET Q q 0 0 0 rg BT 87.33 413.10 Td (become ) Tj ET Q q 0 0 0 rg BT 120.92 413.10 Td (ill ) Tj ET Q q 0 0 0 rg BT 131.75 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.69 413.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 177.85 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.13 413.10 Td (work, ) Tj ET Q q 0 0 0 rg BT 213.68 413.10 Td (it ) Tj ET Q q 0 0 0 rg BT 221.73 413.10 Td (could ) Tj ET Q q 0 0 0 rg BT 246.45 413.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 276.16 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.99 413.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 343.38 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.31 413.10 Td (business ) Tj ET Q q 0 0 0 rg BT 396.71 413.10 Td (continuity) Tj ET Q q 0 0 0 rg BT 436.61 413.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 392.10 Td (T) Tj ET Q q 0 0 0 rg BT 81.91 392.10 Td (o ) Tj ET Q q 0 0 0 rg BT 89.69 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.69 392.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 131.90 392.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.68 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.68 392.10 Td (Covid-19 ) Tj ET Q q 0 0 0 rg BT 205.24 392.10 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 243.00 392.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 284.10 392.10 Td (af) Tj ET Q q 0 0 0 rg BT 291.69 392.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 313.34 392.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.45 392.10 Td (business ) Tj ET Q q 0 0 0 rg BT 366.13 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.35 392.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 421.11 392.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 476.91 392.10 Td (it ) Tj ET Q q 0 0 0 rg BT 485.25 392.10 Td (may ) Tj ET Q q 0 0 0 rg BT 505.25 392.10 Td (also ) Tj ET Q q 0 0 0 rg BT 524.13 392.10 Td (have ) Tj ET Q q 0 0 0 rg BT 545.79 392.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 380.10 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 380.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.27 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.29 380.10 Td (exacerbating ) Tj ET Q q 0 0 0 rg BT 144.07 380.10 Td (many ) Tj ET Q q 0 0 0 rg BT 168.98 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.00 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.91 380.10 Td (other ) Tj ET Q q 0 0 0 rg BT 218.15 380.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 239.74 380.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 280.75 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.23 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.14 380.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 331.61 380.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 368.18 380.10 Td (section ) Tj ET Q q 0 0 0 rg BT 399.20 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.23 380.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.66 380.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 457.79 380.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 487.70 380.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.39 380.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 524.76 380.10 Td (20-F ) Tj ET Q q 0 0 0 rg BT 546.34 380.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.43 368.10 Td (year ) Tj ET Q q 0 0 0 rg BT 89.85 368.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.95 368.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 176.25 368.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.25 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.96 368.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 223.50 368.10 Td (with ) Tj ET Q q 0 0 0 rg BT 244.50 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.93 368.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 281.48 368.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.70 368.10 Td (March5, ) Tj ET Q q 0 0 0 rg BT 334.01 368.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.01 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 359.73 368.10 Td (including ) Tj ET Q q 0 0 0 rg BT 400.72 368.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 440.60 368.10 Td (related ) Tj ET Q q 0 0 0 rg BT 471.02 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.01 368.10 Td (our ) Tj ET Q q 0 0 0 rg BT 498.56 368.10 Td (businessThe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 102.33 356.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 145.68 356.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.82 356.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 181.84 356.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 214.07 356.10 Td (various ) Tj ET Q q 0 0 0 rg BT 246.31 356.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 289.10 356.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.90 356.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 338.59 356.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 385.83 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.63 356.10 Td (us ) Tj ET Q q 0 0 0 rg BT 410.32 356.10 Td (that ) Tj ET Q q 0 0 0 rg BT 428.12 356.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.14 356.10 Td (af) Tj ET Q q 0 0 0 rg BT 455.73 356.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 473.52 356.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.65 356.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 518.00 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.58 356.10 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 69.89 344.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 113.29 344.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 152.52 344.10 Td (related ) Tj ET Q q 0 0 0 rg BT 182.28 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.62 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.52 344.10 Td (businessThe ) Tj ET Q q 0 0 0 rg BT 270.52 344.10 Td (value ) Tj ET Q q 0 0 0 rg BT 294.73 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.74 344.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 334.28 344.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 355.72 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.62 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.51 344.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 413.93 344.10 Td (could ) Tj ET Q q 0 0 0 rg BT 438.71 344.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 474.58 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.59 344.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 530.82 344.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 332.10 Td (our ) Tj ET Q q 0 0 0 rg BT 80.11 332.10 Td (businessOur ) Tj ET Q q 0 0 0 rg BT 142.05 332.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.53 332.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 219.81 332.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.98 332.10 Td (dependent, ) Tj ET Q q 0 0 0 rg BT 275.07 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.35 332.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 305.89 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 318.39 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.11 332.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.59 332.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 405.31 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.14 332.10 Td (our ) Tj ET Q q 0 0 0 rg BT 431.97 332.10 Td (lessees.) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (51) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (The failure of an aircraft or engine manufacturer to meet its delivery obligations to us could negatively af) Tj ET Q q 0 0 0 rg BT 488.53 731.25 Td (fect our cash ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 719.25 Td (flow and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 698.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.43 698.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 123.49 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.21 698.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 183.79 698.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 215.04 698.25 Td (is ) Tj ET Q q 0 0 0 rg BT 224.10 698.25 Td (dominated ) Tj ET Q q 0 0 0 rg BT 268.70 698.25 Td (by ) Tj ET Q q 0 0 0 rg BT 280.56 698.25 Td (Airbus ) Tj ET Q q 0 0 0 rg BT 310.17 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.00 698.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 358.27 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.10 698.25 Td (a ) Tj ET Q q 0 0 0 rg BT 381.93 698.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 412.64 698.25 Td (number ) Tj ET Q q 0 0 0 rg BT 445.58 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.30 698.25 Td (engine ) Tj ET Q q 0 0 0 rg BT 485.34 698.25 Td (manufacturers. ) Tj ET Q q 0 0 0 rg BT 546.89 698.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.25 Td (a ) Tj ET Q q 0 0 0 rg BT 61.94 686.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 90.16 686.25 Td (we ) Tj ET Q q 0 0 0 rg BT 105.33 686.25 Td (are ) Tj ET Q q 0 0 0 rg BT 121.04 686.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 165.63 686.25 Td (on ) Tj ET Q q 0 0 0 rg BT 179.14 686.25 Td (these ) Tj ET Q q 0 0 0 rg BT 203.19 686.25 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 263.88 686.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 307.93 686.25 Td (financially ) Tj ET Q q 0 0 0 rg BT 354.19 686.25 Td (stable, ) Tj ET Q q 0 0 0 rg BT 383.52 686.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 427.57 686.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 459.94 686.25 Td (which ) Tj ET Q q 0 0 0 rg BT 487.88 686.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 510.81 686.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.65 686.25 Td (lessees) Tj ET Q q 0 0 0 rg BT 558.00 686.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 108.70 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.64 674.25 Td (fulfilling ) Tj ET Q q 0 0 0 rg BT 163.69 674.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 210.61 674.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 257.55 674.25 Td (they ) Tj ET Q q 0 0 0 rg BT 277.27 674.25 Td (have ) Tj ET Q q 0 0 0 rg BT 298.65 674.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.93 674.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 653.25 Td (When ) Tj ET Q q 0 0 0 rg BT 103.02 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.89 653.25 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 177.73 653.25 Td (do ) Tj ET Q q 0 0 0 rg BT 190.37 653.25 Td (not ) Tj ET Q q 0 0 0 rg BT 205.80 653.25 Td (respond ) Tj ET Q q 0 0 0 rg BT 240.10 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.53 653.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 285.38 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.81 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.67 653.25 Td (market ) Tj ET Q q 0 0 0 rg BT 341.08 653.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 396.77 653.25 Td (bring ) Tj ET Q q 0 0 0 rg BT 420.52 653.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 452.03 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.46 653.25 Td (market ) Tj ET Q q 0 0 0 rg BT 492.87 653.25 Td (that ) Tj ET Q q 0 0 0 rg BT 510.51 653.25 Td (do ) Tj ET Q q 0 0 0 rg BT 523.16 653.25 Td (not ) Tj ET Q q 0 0 0 rg BT 538.58 653.25 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 69.83 641.25 Td (lessees) Tj ET Q q 0 0 0 rg BT 100.19 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.69 641.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 155.17 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 166.00 641.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 181.82 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.10 641.25 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 217.37 641.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 264.29 641.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 311.24 641.25 Td (they ) Tj ET Q q 0 0 0 rg BT 330.95 641.25 Td (have ) Tj ET Q q 0 0 0 rg BT 352.33 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.61 641.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 376.50 641.25 Td (we ) Tj ET Q q 0 0 0 rg BT 390.66 641.25 Td (may ) Tj ET Q q 0 0 0 rg BT 410.38 641.25 Td (experience:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 620.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 620.25 Td (missed ) Tj ET Q q 0 0 0 rg BT 120.05 620.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.65 620.25 Td (late ) Tj ET Q q 0 0 0 rg BT 147.35 620.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 182.38 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.98 620.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 224.12 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.82 620.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 273.64 620.25 Td (ordered ) Tj ET Q q 0 0 0 rg BT 306.45 620.25 Td (by ) Tj ET Q q 0 0 0 rg BT 318.72 620.25 Td (us ) Tj ET Q q 0 0 0 rg BT 329.88 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.58 620.25 Td (an ) Tj ET Q q 0 0 0 rg BT 358.29 620.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 393.89 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.94 620.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 425.64 620.25 Td (our ) Tj ET Q q 0 0 0 rg BT 441.24 620.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 487.93 620.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 534.64 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 544.69 620.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 608.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 135.55 608.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 173.04 608.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.32 608.25 Td (lost ) Tj ET Q q 0 0 0 rg BT 200.27 608.25 Td (or ) Tj ET Q q 0 0 0 rg BT 211.10 608.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 244.69 608.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 285.23 608.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 310.50 608.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 341.33 608.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.71 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.64 608.25 Td (strained ) Tj ET Q q 0 0 0 rg BT 413.80 608.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 452.95 608.25 Td (relationships;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 587.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 587.25 Td (an ) Tj ET Q q 0 0 0 rg BT 102.21 587.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 138.31 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.85 587.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 181.04 587.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 212.68 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.88 587.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 263.20 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.41 587.25 Td (related ) Tj ET Q q 0 0 0 rg BT 310.38 587.25 Td (components ) Tj ET Q q 0 0 0 rg BT 361.47 587.25 Td (on ) Tj ET Q q 0 0 0 rg BT 374.24 587.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 399.22 587.25 Td (that ) Tj ET Q q 0 0 0 rg BT 416.99 587.25 Td (will ) Tj ET Q q 0 0 0 rg BT 435.31 587.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 460.30 587.25 Td (us ) Tj ET Q q 0 0 0 rg BT 471.96 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.50 587.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 505.26 587.25 Td (those ) Tj ET Q q 0 0 0 rg BT 529.14 587.25 Td (aircraft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.94 575.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 139.99 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.26 575.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 193.31 575.25 Td (at ) Tj ET Q q 0 0 0 rg BT 203.03 575.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.97 575.25 Td (profit, ) Tj ET Q q 0 0 0 rg BT 237.18 575.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 274.68 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.96 575.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 310.22 575.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 341.05 575.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.43 575.25 Td (or ) Tj ET Q q 0 0 0 rg BT 373.26 575.25 Td (a ) Tj ET Q q 0 0 0 rg BT 380.20 575.25 Td (contraction ) Tj ET Q q 0 0 0 rg BT 427.68 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.96 575.25 Td (our ) Tj ET Q q 0 0 0 rg BT 453.79 575.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 485.15 575.25 Td (portfolio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 554.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 554.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.36 554.25 Td (market ) Tj ET Q q 0 0 0 rg BT 128.05 554.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 181.52 554.25 Td (with ) Tj ET Q q 0 0 0 rg BT 202.22 554.25 Td (too ) Tj ET Q q 0 0 0 rg BT 217.92 554.25 Td (many ) Tj ET Q q 0 0 0 rg BT 243.06 554.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 274.85 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.21 554.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 325.68 554.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 367.19 554.25 Td (creating ) Tj ET Q q 0 0 0 rg BT 402.32 554.25 Td (downward ) Tj ET Q q 0 0 0 rg BT 447.45 554.25 Td (pressure ) Tj ET Q q 0 0 0 rg BT 483.70 554.25 Td (on ) Tj ET Q q 0 0 0 rg BT 496.62 554.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 531.20 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 545.79 554.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 542.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 121.36 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.30 542.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 171.35 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.63 542.25 Td (our ) Tj ET Q q 0 0 0 rg BT 197.46 542.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 217.72 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.66 542.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 268.80 542.25 Td (market ) Tj ET Q q 0 0 0 rg BT 299.07 542.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 321.55 542.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 342.93 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.87 542.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 377.92 542.25 Td (prices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 521.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 123.87 521.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 157.75 521.25 Td (for ) Tj ET Q q 0 0 0 rg BT 171.64 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.30 521.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 218.84 521.25 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 272.51 521.25 Td () Tj ET Q q 0 0 0 rg BT 275.29 521.25 Td (s ) Tj ET Q q 0 0 0 rg BT 281.41 521.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 312.49 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 323.05 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 329.71 521.25 Td (result ) Tj ET Q q 0 0 0 rg BT 354.16 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.71 521.25 Td (poor ) Tj ET Q q 0 0 0 rg BT 385.27 521.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 424.15 521.25 Td (support ) Tj ET Q q 0 0 0 rg BT 456.37 521.25 Td (or ) Tj ET Q q 0 0 0 rg BT 466.93 521.25 Td (reputational ) Tj ET Q q 0 0 0 rg BT 516.91 521.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 550.23 521.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 509.25 Td (such ) Tj ET Q q 0 0 0 rg BT 111.40 509.25 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 164.30 509.25 Td (, ) Tj ET Q q 0 0 0 rg BT 169.87 509.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 202.93 509.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 240.99 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.27 509.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 291.00 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.73 509.25 Td (those ) Tj ET Q q 0 0 0 rg BT 329.91 509.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 361.85 509.25 Td (or ) Tj ET Q q 0 0 0 rg BT 373.25 509.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 406.87 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.71 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 434.12 509.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 454.95 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.46 509.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 507.18 509.25 Td (market ) Tj ET Q q 0 0 0 rg BT 538.01 509.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 497.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 111.38 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.32 497.25 Td (residual ) Tj ET Q q 0 0 0 rg BT 162.47 497.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 193.83 497.25 Td (values ) Tj ET Q q 0 0 0 rg BT 221.88 497.25 Td (for ) Tj ET Q q 0 0 0 rg BT 236.04 497.25 Td (those ) Tj ET Q q 0 0 0 rg BT 259.65 497.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 291.01 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.95 497.25 Td (engines;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 476.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 476.25 Td (a ) Tj ET Q q 0 0 0 rg BT 96.70 476.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 136.72 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.76 476.25 Td (our ) Tj ET Q q 0 0 0 rg BT 162.35 476.25 Td (competitiveness ) Tj ET Q q 0 0 0 rg BT 229.04 476.25 Td (due ) Tj ET Q q 0 0 0 rg BT 245.74 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.77 476.25 Td (deep ) Tj ET Q q 0 0 0 rg BT 276.91 476.25 Td (discounting ) Tj ET Q q 0 0 0 rg BT 325.84 476.25 Td (by ) Tj ET Q q 0 0 0 rg BT 338.10 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.57 476.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 383.69 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 394.28 476.25 Td (engine ) Tj ET Q q 0 0 0 rg BT 423.20 476.25 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 485.15 476.25 Td (which ) Tj ET Q q 0 0 0 rg BT 511.85 476.25 Td (may ) Tj ET Q q 0 0 0 rg BT 531.33 476.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 550.24 476.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 464.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 124.17 464.25 Td (market ) Tj ET Q q 0 0 0 rg BT 154.47 464.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 176.98 464.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 198.39 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.36 464.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 246.75 464.25 Td (values ) Tj ET Q q 0 0 0 rg BT 274.82 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.79 464.25 Td (may ) Tj ET Q q 0 0 0 rg BT 311.54 464.25 Td (af) Tj ET Q q 0 0 0 rg BT 319.13 464.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 336.64 464.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.50 464.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 380.58 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.89 464.25 Td (remarket ) Tj ET Q q 0 0 0 rg BT 428.95 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 443.14 464.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 465.65 464.25 Td (or ) Tj ET Q q 0 0 0 rg BT 476.51 464.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 492.93 464.25 Td (at ) Tj ET Q q 0 0 0 rg BT 502.68 464.25 Td (a ) Tj ET Q q 0 0 0 rg BT 509.64 464.25 Td (profit, ) Tj ET Q q 0 0 0 rg BT 536.89 464.25 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.83 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.55 452.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 146.91 452.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.19 452.25 Td (our ) Tj ET Q q 0 0 0 rg BT 173.02 452.25 Td (fleet; ) Tj ET Q q 0 0 0 rg BT 196.06 452.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 431.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 431.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 129.39 431.25 Td (or ) Tj ET Q q 0 0 0 rg BT 141.02 431.25 Td (other ) Tj ET Q q 0 0 0 rg BT 164.87 431.25 Td (dif) Tj ET Q q 0 0 0 rg BT 175.80 431.25 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 211.31 431.25 Td (with ) Tj ET Q q 0 0 0 rg BT 232.39 431.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 264.55 431.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.18 431.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 310.03 431.25 Td (after ) Tj ET Q q 0 0 0 rg BT 331.65 431.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 367.71 431.25 Td (that ) Tj ET Q q 0 0 0 rg BT 386.01 431.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 417.63 431.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 449.79 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.87 431.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 501.94 431.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 549.67 431.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 419.25 Td (groundings, ) Tj ET Q q 0 0 0 rg BT 140.09 419.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 177.67 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.04 419.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.06 419.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 226.52 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.89 419.25 Td (value ) Tj ET Q q 0 0 0 rg BT 261.13 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.16 419.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 300.73 419.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 322.20 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.12 419.25 Td (such ) Tj ET Q q 0 0 0 rg BT 354.03 419.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 385.48 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.51 419.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 440.08 419.25 Td (our ) Tj ET Q q 0 0 0 rg BT 456.00 419.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 484.14 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.51 419.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 517.08 419.25 Td (or ) Tj ET Q q 0 0 0 rg BT 528.00 419.25 Td (dispose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.83 407.25 Td (such ) Tj ET Q q 0 0 0 rg BT 121.66 407.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 153.02 407.25 Td (on ) Tj ET Q q 0 0 0 rg BT 165.52 407.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 205.78 407.25 Td (terms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 386.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.61 386.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 121.04 386.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 153.03 386.25 Td (lessee ) Tj ET Q q 0 0 0 rg BT 179.46 386.25 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 230.33 386.25 Td (clauses ) Tj ET Q q 0 0 0 rg BT 261.76 386.25 Td (related ) Tj ET Q q 0 0 0 rg BT 291.52 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.85 386.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 333.27 386.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 368.59 386.25 Td (delays, ) Tj ET Q q 0 0 0 rg BT 399.19 386.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 436.74 386.25 Td (for ) Tj ET Q q 0 0 0 rg BT 450.96 386.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 482.37 386.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 510.48 386.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 540.79 386.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 374.25 Td (one ) Tj ET Q q 0 0 0 rg BT 71.16 374.25 Td (year) Tj ET Q q 0 0 0 rg BT 87.97 374.25 Td (, ) Tj ET Q q 0 0 0 rg BT 93.20 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.36 374.25 Td (our ) Tj ET Q q 0 0 0 rg BT 126.42 374.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 164.68 374.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 212.94 374.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 245.10 374.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 275.60 374.25 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 322.49 374.25 Td (If ) Tj ET Q q 0 0 0 rg BT 331.88 374.25 Td (there ) Tj ET Q q 0 0 0 rg BT 354.59 374.25 Td (are ) Tj ET Q q 0 0 0 rg BT 369.53 374.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 430.56 374.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 458.83 374.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.22 374.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 504.81 374.25 Td (for ) Tj ET Q q 0 0 0 rg BT 519.20 374.25 Td (which ) Tj ET Q q 0 0 0 rg BT 546.36 374.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 362.25 Td (have ) Tj ET Q q 0 0 0 rg BT 75.26 362.25 Td (made ) Tj ET Q q 0 0 0 rg BT 99.29 362.25 Td (future ) Tj ET Q q 0 0 0 rg BT 125.55 362.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 147.92 362.25 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 207.23 362.25 Td (some ) Tj ET Q q 0 0 0 rg BT 230.72 362.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.43 362.25 Td (all ) Tj ET Q q 0 0 0 rg BT 253.81 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.52 362.25 Td (our ) Tj ET Q q 0 0 0 rg BT 280.23 362.25 Td (af) Tj ET Q q 0 0 0 rg BT 287.82 362.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 314.62 362.25 Td (lessees ) Tj ET Q q 0 0 0 rg BT 344.77 362.25 Td (could ) Tj ET Q q 0 0 0 rg BT 369.37 362.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 390.62 362.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.78 362.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 440.92 362.25 Td (their ) Tj ET Q q 0 0 0 rg BT 461.62 362.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 483.99 362.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 540.23 362.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 350.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 84.82 350.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.09 350.25 Td (such ) Tj ET Q q 0 0 0 rg BT 115.92 350.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 149.52 350.25 Td (aircraft. ) Tj ET Q q 0 0 0 rg BT 182.83 350.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 202.55 350.25 Td (such ) Tj ET Q q 0 0 0 rg BT 223.38 350.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 271.98 350.25 Td (could ) Tj ET Q q 0 0 0 rg BT 296.70 350.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 340.85 350.25 Td (af) Tj ET Q q 0 0 0 rg BT 348.43 350.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 365.92 350.25 Td (our ) Tj ET Q q 0 0 0 rg BT 381.75 350.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.02 350.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 422.85 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.79 350.25 Td (results ) Tj ET Q q 0 0 0 rg BT 468.39 350.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.22 350.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 329.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 120.81 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 329.25 Td (fatal ) Tj ET Q q 0 0 0 rg BT 157.18 329.25 Td (accidents ) Tj ET Q q 0 0 0 rg BT 197.57 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.10 329.25 Td (two ) Tj ET Q q 0 0 0 rg BT 227.29 329.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 259.37 329.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 277.56 329.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 304.09 329.25 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 338.65 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.06 329.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 400.02 329.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 420.98 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.50 329.25 Td (these ) Tj ET Q q 0 0 0 rg BT 456.24 329.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 488.30 329.25 Td (was ) Tj ET Q q 0 0 0 rg BT 507.04 329.25 Td (grounded ) Tj ET Q q 0 0 0 rg BT 548.00 329.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (aviation ) Tj ET Q q 0 0 0 rg BT 88.46 317.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 132.93 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.96 317.25 Td (March ) Tj ET Q q 0 0 0 rg BT 171.30 317.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 193.56 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.25 317.25 Td (production ) Tj ET Q q 0 0 0 rg BT 255.82 317.25 Td (was ) Tj ET Q q 0 0 0 rg BT 273.62 317.25 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 322.53 317.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 366.44 317.25 Td (by ) Tj ET Q q 0 0 0 rg BT 378.69 317.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 409.83 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.85 317.25 Td (January ) Tj ET Q q 0 0 0 rg BT 453.20 317.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 477.96 317.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 515.20 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.23 317.25 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 81.63 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.48 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.78 305.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 140.62 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.03 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 166.44 305.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 197.38 305.25 Td (on ) Tj ET Q q 0 0 0 rg BT 209.46 305.25 Td (order ) Tj ET Q q 0 0 0 rg BT 232.64 305.25 Td (from ) Tj ET Q q 0 0 0 rg BT 254.16 305.25 Td (Boeing. ) Tj ET Q q 0 0 0 rg BT 287.16 305.25 Td (As ) Tj ET Q q 0 0 0 rg BT 300.36 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.76 305.25 Td (March ) Tj ET Q q 0 0 0 rg BT 338.94 305.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 353.52 305.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 378.10 305.25 Td (we ) Tj ET Q q 0 0 0 rg BT 391.84 305.25 Td (had ) Tj ET Q q 0 0 0 rg BT 408.36 305.25 Td (95 ) Tj ET Q q 0 0 0 rg BT 420.44 305.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 451.40 305.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 468.48 305.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 493.90 305.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 524.84 305.25 Td (on ) Tj ET Q q 0 0 0 rg BT 536.92 305.25 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 293.25 Td (with ) Tj ET Q q 0 0 0 rg BT 74.43 293.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 105.98 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.07 293.25 Td (five ) Tj ET Q q 0 0 0 rg BT 141.27 293.25 Td (already ) Tj ET Q q 0 0 0 rg BT 173.35 293.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 213.21 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 230.30 293.25 Td (on ) Tj ET Q q 0 0 0 rg BT 242.96 293.25 Td (lease. ) Tj ET Q q 0 0 0 rg BT 268.10 293.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 299.64 293.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 338.39 293.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 371.03 293.25 Td (that ) Tj ET Q q 0 0 0 rg BT 388.68 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.55 293.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 445.07 293.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 488.82 293.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 530.36 293.25 Td (will ) Tj ET Q q 0 0 0 rg BT 548.57 293.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 281.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 91.72 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.79 281.25 Td (time ) Tj ET Q q 0 0 0 rg BT 123.85 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.92 281.25 Td (support ) Tj ET Q q 0 0 0 rg BT 168.21 281.25 Td (resumption ) Tj ET Q q 0 0 0 rg BT 216.49 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.11 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.61 281.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 275.79 281.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 294.08 281.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 320.70 281.25 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 362.86 281.25 Td (during ) Tj ET Q q 0 0 0 rg BT 392.26 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.76 281.25 Td (third ) Tj ET Q q 0 0 0 rg BT 429.94 281.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 461.54 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.16 281.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 498.95 281.25 Td (It ) Tj ET Q q 0 0 0 rg BT 508.35 281.25 Td (is ) Tj ET Q q 0 0 0 rg BT 518.31 281.25 Td (uncertain, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.25 Td (however) Tj ET Q q 0 0 0 rg BT 88.03 269.25 Td (, ) Tj ET Q q 0 0 0 rg BT 93.33 269.25 Td (when ) Tj ET Q q 0 0 0 rg BT 117.78 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.02 269.25 Td (under ) Tj ET Q q 0 0 0 rg BT 160.58 269.25 Td (what ) Tj ET Q q 0 0 0 rg BT 182.82 269.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 227.28 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 243.41 269.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 275.09 269.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 292.89 269.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 319.02 269.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 350.68 269.25 Td (will ) Tj ET Q q 0 0 0 rg BT 369.03 269.25 Td (return ) Tj ET Q q 0 0 0 rg BT 395.71 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.28 269.25 Td (service ) Tj ET Q q 0 0 0 rg BT 437.39 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.63 269.25 Td (when ) Tj ET Q q 0 0 0 rg BT 479.09 269.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 510.77 269.25 Td (will ) Tj ET Q q 0 0 0 rg BT 529.12 269.25 Td (resume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 257.25 Td (making ) Tj ET Q q 0 0 0 rg BT 87.14 257.25 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 129.15 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.62 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 157.09 257.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 189.12 257.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 207.26 257.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 233.74 257.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 265.74 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 278.88 257.25 Td (order) Tj ET Q q 0 0 0 rg BT 299.43 257.25 Td (. ) Tj ET Q q 0 0 0 rg BT 304.38 257.25 Td (As ) Tj ET Q q 0 0 0 rg BT 318.63 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.21 257.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 354.07 257.25 Td (we ) Tj ET Q q 0 0 0 rg BT 368.87 257.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 398.10 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.02 257.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 432.71 257.25 Td (future ) Tj ET Q q 0 0 0 rg BT 459.73 257.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 488.42 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 501.56 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.03 257.25 Td (scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 245.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 85.39 245.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 102.89 245.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 128.72 245.25 Td (deliveries, ) Tj ET Q q 0 0 0 rg BT 172.59 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.53 245.25 Td (any ) Tj ET Q q 0 0 0 rg BT 206.47 245.25 Td (such ) Tj ET Q q 0 0 0 rg BT 227.30 245.25 Td (future ) Tj ET Q q 0 0 0 rg BT 253.68 245.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 281.72 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 296.43 245.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 321.71 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 331.98 245.25 Td (have ) Tj ET Q q 0 0 0 rg BT 353.36 245.25 Td (an ) Tj ET Q q 0 0 0 rg BT 365.30 245.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 395.01 245.25 Td (on ) Tj ET Q q 0 0 0 rg BT 407.51 245.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.34 245.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.82 245.25 Td (results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 224.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 108.59 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.57 224.25 Td (our ) Tj ET Q q 0 0 0 rg BT 135.56 224.25 Td (Boeing ) Tj ET Q q 0 0 0 rg BT 167.10 224.25 Td (737 ) Tj ET Q q 0 0 0 rg BT 184.75 224.25 Td (MAX ) Tj ET Q q 0 0 0 rg BT 210.74 224.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 237.27 224.25 Td (have ) Tj ET Q q 0 0 0 rg BT 258.80 224.25 Td (now ) Tj ET Q q 0 0 0 rg BT 278.68 224.25 Td (been ) Tj ET Q q 0 0 0 rg BT 300.21 224.25 Td (cancelled, ) Tj ET Q q 0 0 0 rg BT 343.11 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.20 224.25 Td (we ) Tj ET Q q 0 0 0 rg BT 374.52 224.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 403.26 224.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 445.91 224.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 472.44 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.87 224.25 Td (be ) Tj ET Q q 0 0 0 rg BT 494.96 224.25 Td (cancelled ) Tj ET Q q 0 0 0 rg BT 535.36 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 545.80 224.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 83.25 212.25 Td (In ) Tj ET Q q 0 0 0 rg BT 94.46 212.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 118.44 212.25 Td (where ) Tj ET Q q 0 0 0 rg BT 145.74 212.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 172.50 212.25 Td (have ) Tj ET Q q 0 0 0 rg BT 194.25 212.25 Td (been ) Tj ET Q q 0 0 0 rg BT 216.01 212.25 Td (cancelled, ) Tj ET Q q 0 0 0 rg BT 259.13 212.25 Td (we ) Tj ET Q q 0 0 0 rg BT 273.67 212.25 Td (have ) Tj ET Q q 0 0 0 rg BT 295.43 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.52 212.25 Td (right ) Tj ET Q q 0 0 0 rg BT 332.28 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.94 212.25 Td (cancel ) Tj ET Q q 0 0 0 rg BT 371.35 212.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.56 212.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 447.64 212.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 475.51 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 490.05 212.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 525.69 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.90 212.25 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.25 Td (aircraft; ) Tj ET Q q 0 0 0 rg BT 88.35 200.25 Td (nevertheless, ) Tj ET Q q 0 0 0 rg BT 142.99 200.25 Td (these ) Tj ET Q q 0 0 0 rg BT 166.25 200.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 188.95 200.25 Td (cancellations ) Tj ET Q q 0 0 0 rg BT 243.86 200.25 Td (may ) Tj ET Q q 0 0 0 rg BT 263.79 200.25 Td (have ) Tj ET Q q 0 0 0 rg BT 285.38 200.25 Td (an ) Tj ET Q q 0 0 0 rg BT 297.54 200.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 330.79 200.25 Td (ef) Tj ET Q q 0 0 0 rg BT 338.38 200.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 356.08 200.25 Td (on ) Tj ET Q q 0 0 0 rg BT 368.79 200.25 Td (our ) Tj ET Q q 0 0 0 rg BT 384.83 200.25 Td (future ) Tj ET Q q 0 0 0 rg BT 411.42 200.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 431.91 200.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 456.84 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.99 200.25 Td (results ) Tj ET Q q 0 0 0 rg BT 502.82 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.86 200.25 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 188.25 Td (which ) Tj ET Q q 0 0 0 rg BT 80.94 188.25 Td (could ) Tj ET Q q 0 0 0 rg BT 105.66 188.25 Td (be ) Tj ET Q q 0 0 0 rg BT 117.59 188.25 Td (material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 167.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.40 167.25 Td (grounding ) Tj ET Q q 0 0 0 rg BT 137.87 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.66 167.25 Td (its ) Tj ET Q q 0 0 0 rg BT 166.46 167.25 Td (ef) Tj ET Q q 0 0 0 rg BT 174.05 167.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 195.28 167.25 Td (present ) Tj ET Q q 0 0 0 rg BT 226.51 167.25 Td (a ) Tj ET Q q 0 0 0 rg BT 233.31 167.25 Td (number ) Tj ET Q q 0 0 0 rg BT 266.21 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.89 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.47 167.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 312.71 167.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.85 167.25 Td (our ) Tj ET Q q 0 0 0 rg BT 338.53 167.25 Td (business ) Tj ET Q q 0 0 0 rg BT 374.78 167.25 Td (described ) Tj ET Q q 0 0 0 rg BT 415.45 167.25 Td (above ) Tj ET Q q 0 0 0 rg BT 441.68 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 451.81 167.25 Td (this ) Tj ET Q q 0 0 0 rg BT 468.62 167.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 485.97 167.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 511.64 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.44 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 543.01 167.25 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 155.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 83.70 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 93.98 155.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 119.24 155.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 129.24 155.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 148.39 155.25 Td (InformationRisk ) Tj ET Q q 0 0 0 rg BT 226.99 155.25 Td (FactorsRisks ) Tj ET Q q 0 0 0 rg BT 291.16 155.25 Td (related ) Tj ET Q q 0 0 0 rg BT 320.86 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 331.13 155.25 Td (our ) Tj ET Q q 0 0 0 rg BT 346.96 155.25 Td (businessCustomer ) Tj ET Q q 0 0 0 rg BT 432.23 155.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 466.39 155.25 Td (for ) Tj ET Q q 0 0 0 rg BT 480.54 155.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 510.24 155.25 Td (types ) Tj ET Q q 0 0 0 rg BT 533.85 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.67 155.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 143.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 84.59 143.25 Td (may ) Tj ET Q q 0 0 0 rg BT 103.54 143.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 138.58 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.75 143.25 Td (Risks ) Tj ET Q q 0 0 0 rg BT 193.15 143.25 Td (related ) Tj ET Q q 0 0 0 rg BT 222.08 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.59 143.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.65 143.25 Td (businessThe ) Tj ET Q q 0 0 0 rg BT 307.82 143.25 Td (value ) Tj ET Q q 0 0 0 rg BT 331.20 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.37 143.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 369.09 143.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 389.69 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.75 143.25 Td (our ) Tj ET Q q 0 0 0 rg BT 414.81 143.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 445.41 143.25 Td (could ) Tj ET Q q 0 0 0 rg BT 469.35 143.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 504.39 143.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.90 143.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.58 143.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 131.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 83.83 131.25 Td (on ) Tj ET Q q 0 0 0 rg BT 96.45 131.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 120.73 131.25 Td (20-F ) Tj ET Q q 0 0 0 rg BT 142.24 131.25 Td (for ) Tj ET Q q 0 0 0 rg BT 156.51 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.34 131.25 Td (year ) Tj ET Q q 0 0 0 rg BT 191.17 131.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.66 131.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 276.36 131.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.36 131.25 Td (, ) Tj ET Q q 0 0 0 rg BT 301.47 131.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 322.41 131.25 Td (with ) Tj ET Q q 0 0 0 rg BT 342.80 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.64 131.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 378.59 131.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.20 131.25 Td (March5, ) Tj ET Q q 0 0 0 rg BT 429.92 131.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.92 131.25 Td (, ) Tj ET Q q 0 0 0 rg BT 455.03 131.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 503.74 131.25 Td (those ) Tj ET Q q 0 0 0 rg BT 527.46 131.25 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 63.89 119.25 Td (or ) Tj ET Q q 0 0 0 rg BT 74.34 119.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 103.67 119.25 Td (from ) Tj ET Q q 0 0 0 rg BT 125.23 119.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 158.99 119.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 192.76 119.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.53 119.25 Td (an ) Tj ET Q q 0 0 0 rg BT 218.09 119.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 249.07 119.25 Td (type, ) Tj ET Q q 0 0 0 rg BT 270.90 119.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 309.66 119.25 Td (in ) Tj ET Q q 0 0 0 rg BT 319.55 119.25 Td (production ) Tj ET Q q 0 0 0 rg BT 365.00 119.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 385.99 119.25 Td (from ) Tj ET Q q 0 0 0 rg BT 407.54 119.25 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 469.35 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.68 119.25 Td (reintroduction ) Tj ET Q q 0 0 0 rg BT 542.45 119.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 107.25 Td (service ) Tj ET Q q 0 0 0 rg BT 85.11 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.23 107.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 127.89 107.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 172.90 107.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.47 107.25 Td (storage, ) Tj ET Q q 0 0 0 rg BT 217.64 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.65 107.25 Td (number ) Tj ET Q q 0 0 0 rg BT 265.99 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.11 107.25 Td (operators ) Tj ET Q q 0 0 0 rg BT 317.11 107.25 Td (willing ) Tj ET Q q 0 0 0 rg BT 348.24 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.81 107.25 Td (use ) Tj ET Q q 0 0 0 rg BT 374.93 107.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.16 107.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 423.27 107.25 Td (type ) Tj ET Q q 0 0 0 rg BT 443.28 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.40 107.25 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 488.56 107.25 Td (any ) Tj ET Q q 0 0 0 rg BT 505.79 107.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 549.67 107.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 95.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 74.94 95.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 128.66 95.25 Td (that ) Tj ET Q q 0 0 0 rg BT 145.16 95.25 Td (must ) Tj ET Q q 0 0 0 rg BT 166.12 95.25 Td (be ) Tj ET Q q 0 0 0 rg BT 177.07 95.25 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 211.90 95.25 Td (before ) Tj ET Q q 0 0 0 rg BT 238.95 95.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.68 95.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 283.05 95.25 Td (can ) Tj ET Q q 0 0 0 rg BT 298.44 95.25 Td (be ) Tj ET Q q 0 0 0 rg BT 309.39 95.25 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 353.93 95.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 372.11 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.96 95.25 Td (re-leased, ) Tj ET Q q 0 0 0 rg BT 422.05 95.25 Td (reputational ) Tj ET Q q 0 0 0 rg BT 471.32 95.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 503.92 95.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.76 95.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.71 95.25 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 83.25 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 85.36 83.25 Td (type ) Tj ET Q q 0 0 0 rg BT 105.08 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.02 83.25 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 177.82 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.76 83.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 217.24 83.25 Td (cancellations ) Tj ET Q q 0 0 0 rg BT 271.94 83.25 Td (by ) Tj ET Q q 0 0 0 rg BT 284.44 83.25 Td (our ) Tj ET Q q 0 0 0 rg BT 300.27 83.25 Td (lessees. ) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (52) Tj ET Q 0 0 0 rg /GS0 gs 53.50 34.10 504.00 -4.00 re f /GS0 gs BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 76.49 731.25 Td (2. ) Tj ET Q q 0 0 0 rg BT 86.49 731.25 Td (Unr) Tj ET Q q 0 0 0 rg BT 103.53 731.25 Td (egister) Tj ET Q q 0 0 0 rg BT 131.67 731.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 144.17 731.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 168.34 731.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.17 731.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 210.57 731.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 254.72 731.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.35 731.25 Td (Use ) Tj ET Q q 0 0 0 rg BT 291.40 731.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.23 731.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 312.59 731.25 Td (oceeds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 711.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.18 711.25 Td (following ) Tj ET Q q 0 0 0 rg BT 137.20 711.25 Td (table ) Tj ET Q q 0 0 0 rg BT 159.76 711.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 195.66 711.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 245.99 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.45 711.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.91 711.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 310.92 711.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 339.04 711.25 Td (made ) Tj ET Q q 0 0 0 rg BT 363.83 711.25 Td (by ) Tj ET Q q 0 0 0 rg BT 376.96 711.25 Td (us ) Tj ET Q q 0 0 0 rg BT 388.98 711.25 Td (during ) Tj ET Q q 0 0 0 rg BT 418.22 711.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.57 711.25 Td (three ) Tj ET Q q 0 0 0 rg BT 456.69 711.25 Td (months ) Tj ET Q q 0 0 0 rg BT 489.27 711.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 516.28 711.25 Td (March ) Tj ET Q q 0 0 0 rg BT 545.51 711.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 699.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 699.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 643.75 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 643.75 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 643.75 99.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 643.75 98.00 -15.00 re f /GS0 gs 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