| (19) | Provisions for return conditions |
For certain operating leases, the Company is contractually obligated to return the aircraft in a predefined condition. The Company accrues for restitution costs related to aircraft held under operating leases at the time the asset does not meet the return conditions criteria and throughout the remaining duration of the lease.
Provisions for return conditions as of December 31, 2017 and 2016 are as follows:
| December 31, 2017 |
December 31, 2016 |
|||||||
| Current | $ | 19,093 | $ | 53,116 | ||||
| Non – current | 144,099 | 120,822 | ||||||
| Total | $ | 163,192 | $ | 173,938 | ||||
Changes
in provisions for return conditions as of December 31, 2016 and 2015 are as follows:
| December 31, 2017 |
December 31, 2016 |
|||||||
| Balances at beginning of year | $ | 173,938 | $ | 161,867 | ||||
| Provisions made | 811 | 28,354 | ||||||
| Provisions used | (11,557 | ) | (16,283 | ) | ||||
| Balances at end of year | $ | 163,192 | $ | 173,938 | ||||