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Subsequent events | 12 Months Ended
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Dec. 31, 2020
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Subsequent events |
29. | Subsequent events
Stock Grants During the first quarter of 2021, the Compensation Committee of the Company’s Board of Directors approved two awards. Awards under these plans will grant approximately 136,654 shares of non-vested stock, which will vest over a period of three to five years. The Company estimates the fair value of these awards to be approximately $11.5 million and the 2021 compensation cost for these plans will be $5.7 million. Compensation Boeing During the first quarter of 2021, the Company reached an agreement with Boeing regarding compensation related to the Boeing 737 MAX grounding. As part of the agreement, the Company will receive compensation in the form of certain credits concurrent with future aircraft deliveries and other considerations, including a revised delivery stream. The updated aircraft contractual obligations net of discounts and pre-delivery payments, including estimated amounts for contractual price escalation as March,31 2021, are as follows:
Year ending December 31, 2021 |  |  | 49,800 |
2022 |  |  | 187,882 |
2023 |  |  | 383,231 |
2024 |  |  | 421,271 |
2025 |  |  | 487,348 |
Thereafter |  |  | 1,893,442 |
|  | $3,422,974 |
During the first quarter of 2021, six Boeing 737 MAX aircraft were delivered.

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