XML 32 R17.htm IDEA: XBRL DOCUMENT v3.25.1
Customer Financing
 12 Months Ended
Dec. 31, 2024
Text Block 1 [Abstract]  
Customer Financing
9.
CUSTOMER FINANCING
See accounting policy in Note 2.3.3.
 
    
12.31.2024
     
12.31.2023
  
Aircraft
      21.4        41.0  
Spare parts
      31.1        29.8  
  
 
 
     
 
 
  
  
 
52.5
 
   
 
70.8
 
Fair value adjustment
      (11.4 )       (4.6 ) 
Expected credit losses
      (8.7 )       (3.4 ) 
  
 
 
     
 
 
  
  
 
32.4
 
   
 
62.8
 
  
 
 
     
 
 
  
Current
      12.2        8.4  
Non-current
      20.2        54.4  
There are no overdue balances of customer financing as of December 31, 2024.
The change in allowance for expected credit losses was as follows:
 
    
12.31.2024
     
12.31.2023
     
12.31.2022
  
Beginning balance
   
 
(3.4
) 
   
 
(24.0
) 
   
 
(5.7
) 
(Additions)/Reversal
      (5.3 )       20.6        (18.3 ) 
  
 
 
     
 
 
     
 
 
  
Ending balance
   
 
(8.7
) 
   
 
(3.4
) 
   
 
(24.0
) 
  
 
 
     
 
 
     
 
 
  
Based on the Company’s assessment, the highest risk rating for financing customers is CC, with a maximum expected credit loss of
81.7
% in the period.
For additional information on measurement of expected credit losses, see Note 27.1.3.
As of December 31, 2024, the maturity schedule for
non-current
customer financing balance is as follows:
 
Year
       
2026
      7.5  
2027
      7.2  
2028
      2.0  
Thereafter
      3.5  
  
 
 
  
  
 
20.2