XML 155 R138.htm IDEA: XBRL DOCUMENT v3.8.0.1
PROPERTY, PLANT AND EQUIPMENT (Details Narrative)
$ in Thousands
 1 Months Ended 6 Months Ended 12 Months Ended
Aug. 31, 2016
Aircraft
May 31, 2016
Aircraft
Apr. 30, 2016
Aircraft
Apr. 30, 2015
Aircraft
Jun. 30, 2016
Aircraft
Dec. 31, 2015
USD ($)
Aircraft
Jun. 30, 2014
Aircraft
Dec. 31, 2017
USD ($)
Aircraft
Dec. 31, 2016
USD ($)
Aircraft
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Disclosure of detailed information about property, plant and equipment [line items]                      
Useful life              
  Except for the Boeing 767 300ER and Boeing 767 300F fleets which consider a lower residual value due to the extension of their useful life to 22 and 23 years respectively. Additionally certain technical components, which are depreciated based on the basis of cycles and flight hours.

 

The aircraft with remarketing clause (**) under modality of financial leasing, which are depreciated according to the duration of their contracts, between 12 and 18 years. Its residual values are estimated according to market value at the end of such contracts.

      
Depreciation expenses | $               $ (765,204) $ (744,552) $ (745,519)  
Indirect existing debt | $               1,087,052 913,494    
Indirect book value | $               $ 2,222,620 $ 1,740,815    
Number of aircraft               5 7    
Frequency of payment              

Semi-annual, quarterly and monthly payments of obligations.

      
Net book value | $           $ 10,938,657   $ 10,065,335 $ 10,498,149 10,938,657 $ 10,773,076
Aircraft Purchase Agreement [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Description of aircraft purchase              

the different aircraft purchase agreements signed with The Boeing Company, there are 8 Boeing 787 Dreamliner aircraft remaining, with delivery dates between 2019 and 2021, and 2 Boeing 777 aircraft, with delivery scheduled for the year 2019.

      
Manufacturers price property, plant and equipment | $               $ 12,600,000      
Construction in Progress [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Depreciation expenses | $                    
Net book value | $           $ 1,142,812   556,822 [1] 470,065 [2] 1,142,812 937,279
Pre-delivery payments to aircraft manufacturers | $               $ 543,720 $ 434,250    
Boeing 777 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft sold             4   2    
Number of aircraft [3]               2 2    
Airbus A340 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft sold             3        
Dash-200 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft sold           7          
Airbus A319 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft sold           2     2    
Airbus A330 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft sold         2       6    
Airbus A320 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft sold                 2    
Boeing 767 [Member] | FEDEX [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft leased                 3    
Boeing 777 [Member] | DHL [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft leased                 1    
Boeing 787-9 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft   4   8              
Airbus A321-NEO [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft     4                
Number of aircraft cancelled 12                    
Airbus A350-1000 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft 2                    
Airbus A350 [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Number of aircraft                 4    
The Boeing Company [Member] | Aircraft Purchase Contracts [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Description of aircraft purchase                

A total of nine Boeing 787 Dreamliner aircraft, with delivery dates between 2017 and 2021, and two Boeing 777 with delivery expected for 2019 remain to be received.

    
Manufacturers price property, plant and equipment | $               $ 2,800,000      
Other Property, Plants and Equipment [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Depreciation expenses | $               $ (204,237) $ (124,038) (174,474)  
Number of aircraft               60 50    
Net book value | $           $ 2,129,506   $ 2,285,363 $ 1,828,630 $ 2,129,506 $ 2,503,434
Financial Leasing Aircraft [Member]                      
Disclosure of detailed information about property, plant and equipment [line items]                      
Net book value | $               $ 2,222,620 $ 1,753,366    
[1] As of December 31, 2017, includes pre-delivery payments to aircraft manufacturers for ThUS$ 543,720 (ThUS$ 434,250 as of December 31, 2016).
[2] It includes pre-delivery payments to aircraft manufacturers for ThUS$ 434,250 (ThUS$ 1,016,007 as of December 31, 2015).
[3] One aircraft leased to DHL.