Operating leases


In addition to the finance leases, a large number of leases have been signed which, on the basis of their economic parameters, are qualified as operating leases, i. e. the leased asset is deemed to belong to the lessor. As well as 86 aircraft on operating leases, these are mainly aircraft leased as part of the Lufthansa Regional concept and leases for buildings.

The operating leases for aircraft have a term of between one and nine years. These agreements generally end automatically after the term has expired, but there is sometimes an option for extending the agreement.

The leases for buildings generally run for up to 25 years. The fixtures at the airports in Frankfurt and Munich are leased for 30 years.

The following payments are due in the years ahead:

 

in €m

2012

2013 – 2016

from 2017

Aircraft

114

141

7 p. a.

Various buildings

227

848

195 p. a.

Other leases

64

226

49 p. a.

 

405

1,215

251 p. a.

Payments from sub-leasing

19

25

2 p. a.

In the previous year the following figures were given for operating leases:

 

in €m

2011

2012 – 2015

from 2016

Aircraft

210

377

30 p. a.

Various buildings

237

886

198 p. a.

Other leases

75

256

54 p. a.

 

522

1,519

282 p. a.

Payments from sub-leasing

17

39

2 p. a.

Seven aircraft and reserve engines, legally and economically the property of the Group at the end of 2011, have been leased to third parties under non-terminable operating leases. These leases, which run for up to 10 years, give rise to the following payments:

 

in €m

2012

2013 – 2016

from 2017

Payments received from operating leases

17

10

3 p. a.

Eleven aircraft as well as reserve engines and intangible assets, legally and economically the property of the Group at the end of 2010, were leased to third parties under non-terminable operating leases. These leases gave rise to the following payments:

 

in €m

2011

2012 – 2015

from 2016

Aircraft

19

12

5 p. a.

Intangible assets

11

8

 

30

20

5 p. a.

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