Present Value Calculation :

Cash out Flow Discounting Discounted Cash out Flow

Sl No. Year Continuation of GECAS Discontinuation of GECAS Factor @ Continuation of GECAS Discontinuation of GECAS
Aircraft upto 2020-21 Aircraft upto 2020-21 10% Aircraft upto 2020-21 Aircraft upto 2020-21

0 2013-14 $14,721,139 $20,721,139 1 $14,721,139 $20,721,139

1 2014-15 $13,919,146 $13,446,976 0.9091 $12,653,769 $12,224,523
2 2015-16 $12,531,419 $21,121,108 0.8264 $10,356,545 $17,455,461
3 2016-17 $13,146,976 $14,524,389 0.7513 $9,877,518 $10,912,388
4 2017-18 $15,659,912 $23,320,770 0.6830 $10,695,931 $15,928,400
5 2018-19 $14,355,842 $15,117,133 0.6209 $8,913,848 $9,386,551
6 2019-20 $15,800,844 $15,921,104 0.5645 $8,919,165 $8,987,048
7 2020-21 $15,122,425 $30,157,836 0.5132 $7,760,195 $15,475,738

Present Value $83,898,109 $111,091,249

 Continuati
Particulars
2013-14 2014-15

Laese Cost $5,460,000 $5,460,000

Maintenance Reserve:
Airframe $720,990 $742,588
Engine-S2-AFM $1,251,457 $1,288,946
Engine-S2-AFL $1,251,457 $1,288,946
LLP-1/Cycle $316,981 $326,466
LLP-2/Cycle $316,981 $326,466
Landing Gear $82,878 $85,361
APU $165,832 $170,800
Total $4,106,577 $4,229,573
Additional Maintenance Cost:
Airframe
Engine-S2-AFM $488,387
Engine-S2-AFL $559,597
LLP-1/Cycle
LLP-2/Cycle
Landing Gear
APU
Total
Cost of Redelivery

Total Cash outflaw $14,721,139 $13,919,146

 Balance as
Maintenance Cost : on 30/06/2013
Airframe Checks 1,662,921
Estimated for APU SV 61,511
Engine Shop Visit (2 Engine) 7,815,139
Landing Gear 191,157
Cumulative Maintenance Reserve:
Airframe $2,383,911 $3,126,499
Engine-S2-AFM 4,164,306 $5,453,252
Engine-S2-AFL 4,111,095 $5,400,041
LLP-1/Cycle 1,347,307 $1,673,774
LLP-2/Cycle 1,329,307 $1,655,774
Landing Gear 274,035 $359,397
 APU 227,343 $398,143

Estimated BH 7,308 7,308

Estimated Cycle 2,671 2,671
Maintenance Reserve Rate:
Airframe $98.65 $101.61
Engine-1 $171.24 $176.37
Engine-2 $171.24 $176.37
LLP-1/Cycle $118.67 $122.23
LLP-2/Cycle $118.67 $122.23
Landing Gear $11.34 $11.68
APU $22.69 $23.37
Balance available in Reseve fund
For Maintenance of Aircraft
As on 30 Jun'13
Airframe 1,662,921.33
Engine-1 1,456,424.45
Engine-2 1,456,424.45
Engine-1 1,429,819.08
Engine-2 1,429,819.08
LLP-1/Cycle 515,163.03
LLP-2/Cycle 515,163.03
LLP-1/Cycle 506,163.02
LLP-2/Cycle 506,163.02
Landing Gear 191,157.01
APU 312,317.25
 Continuation of GECAS offer upto 2020-21 D
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2013-14

$5,160,000 $5,160,000 $5,160,000 $5,160,000 $5,160,000 $5,160,000 $5,460,000

$575,617 $584,482 $602,016 $633,856 $712,983 $734,372 $720,990

$999,127 $1,014,513 $1,044,948 $1,100,215 $1,237,558 $1,274,685 $1,251,457
$999,127 $1,014,513 $1,044,948 $1,100,215 $1,237,558 $1,274,685 $1,251,457
$456,637 $589,180 $606,855 $638,951 $701,040 $722,071 $316,981
$456,637 $589,180 $606,855 $638,951 $701,040 $722,071 $316,981
$66,168 $67,187 $69,202 $72,862 $81,958 $84,417 $82,878
$132,396 $134,434 $138,467 $145,791 $163,990 $168,910 $165,832
$3,685,709 $3,993,488 $4,113,293 $4,330,840 $4,836,128 $4,981,212 $4,106,577

$2,273,327 $3,488,387
$534,162 $3,559,597

$968,587

$12,531,419 $13,146,976 $15,659,912 $14,355,842 $15,800,844 $15,122,425 $20,721,139

 $152,000
$200,000 $200,000 $200,000 $200,000
$8,600,000 $8,600,000
$1,600,000

$3,702,116 $4,286,598 $4,888,614 $5,522,470 $6,235,452 $6,969,824

$2,288,073 $3,302,586 $4,347,534 $5,447,749 $6,685,307 $7,959,992
$2,288,073 $3,302,586 $4,347,534 $5,447,749 $6,685,307 $7,959,992
$783,104 $1,372,283 $1,979,138 $2,618,089 $3,319,130 $4,041,201
$783,104 $1,372,283 $1,979,138 $2,618,089 $3,319,130 $4,041,201
340,203 407,390 476,592 549,455 631,413 715,829
330,539 264,973 403,441 349,231 313,222 482,132

5,665 5,585 5,585 5,709 6,234 6,234

3736 4680 4680 4784 5096 5096

$101.61 $104.66 $107.80 $111.04 $114.37 $117.80

$176.37 $181.67 $187.12 $192.73 $198.51 $204.47
$176.37 $181.67 $187.12 $192.73 $198.51 $204.47
$122.23 $125.89 $129.67 $133.56 $137.57 $141.69
$122.23 $125.89 $129.67 $133.56 $137.57 $141.69
$11.68 $12.03 $12.39 $12.76 $13.15 $13.54
$23.37 $24.07 $24.79 $25.54 $26.30 $27.09
 Discontinuation of GECAS offer in Dec' 14
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21

$5,460,000 $7,200,000 $7,200,000 $7,200,000 $7,200,000 $7,200,000 $7,200,000

$584,482 $456,289 $469,977 $484,077 $498,599 $513,557 $528,964

$1,014,513 $910,261 $834,045 $859,066 $904,501 $1,017,414 $1,047,936
$1,014,513 $910,261 $834,045 $859,066 $904,501 $1,017,414 $1,047,936
$589,180 $465,555 $612,191 $630,557 $663,906 $728,420 $750,273
$589,180 $465,555 $612,191 $630,557 $663,906 $728,420 $750,273
$67,187 $78,804 $81,168 $83,603 $86,111 $88,694 $91,355
$134,434 $173,829 $218,577 $225,135 $237,042 $266,633 $274,632
$3,993,488 $3,460,554 $3,662,194 $3,772,060 $3,958,567 $4,360,552 $4,491,369

$4,288,325 $3,487,549
$4,288,325 $3,487,549

$7,000,000 $7,000,000

$13,446,976 $21,121,108 $14,524,389 $23,320,770 $15,117,133 $15,921,104 $30,157,836

 200000 200000 200000 200000
17200000 17200000

456,289 926,266 1,410,343 1,908,942 2,422,499 2,951,462

910,261 1,744,307 2,603,373 904,501 1,921,915 2,969,852
910,261 1,744,307 2,603,373 904,501 1,921,915 2,969,852
465,555 1,077,746 1,708,302 663,906 1,392,326 2,142,599
465,555 1,077,746 1,708,302 663,906 1,392,326 2,142,599
78,804 159,972 243,575 329,686 418,380 509,736
173,829 192,406 217,541 454,583 521,215 595,847

5,665 5,585 5,585 5,709 6,234 6,234 35,011

3736 4680 4680 4784 5096 5096