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Commitments and contingencies | 12 Months Ended
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Dec. 31, 2019
Commitments and contingencies |
Commitments and contingencies | 23. Commitments and contingencies Aircraft related commitments and financing arrangements Committed expenditures for aircraft purchase and related flight equipment related to the Airbus purchase agreement, including estimated amounts for contractual prices escalations and pre-delivery payments, will be as follows:
|  |  |  |  | Commitment
|  | Commitment |  | expenditures
|  | expenditures in U.S. |  | equivalent in
|  | dollars |  | Mexican pesos(1)
2020 |  | US$ | 141,218 |  | Ps. | 2,661,281
2021 |  |  | 164,856 |  |  | 3,106,744
2022 |  |  | 606,842 |  |  | 11,436,059
2023 |  |  | 793,967 |  |  | 14,962,467
2024 and thereafter |  |  | 2,688,321 |  |  | 50,661,947
|  | US$ | 4,395,204 |  | Ps. | 82,828,498
| (1) |  | Using the exchange rate as of December 31, 2019 of Ps.18.8452.
All aircraft acquired by the Company through the Airbus purchase agreement through December 31, 2019 have been executed through sale and leaseback transactions. In addition, we have commitments to execute sale and leaseback over the next three years. The estimated proceeds from these commitments are as follows:
|  | Aircraft sale prices estimated
|  | in U.S. dollars |  | in Mexican pesos
2020 |  | US$ | 396,470 |  | Ps. | 7,471,556
2021 |  |  | 691,940 |  |  | 13,039,748
2022 |  |  | 102,400 |  |  | 1,929,748
|  | US$ | 1,190,810 |  | Ps. | 22,441,052
The future lease payments for these non-cancellable sale and leaseback contracts are as follows:
|  | Aircraft leases
|  | in U.S. dollars |  | in Mexican pesos
2020 |  | US$ | 20,847 |  | Ps. | 392,866
2021 |  |  | 57,190 |  |  | 1,077,757
2022 |  |  | 86,025 |  |  | 1,621,158
2023 |  |  | 88,259 |  |  | 1,663,259
2024 and thereafter |  |  | 806,786 |  |  | 15,204,044
|  | US$ | 1,059,107 |  | Ps. | 19,959,084
Litigation The Company is a party to legal proceedings and claims that arise during the ordinary course of business. The Company believes the ultimate outcome of these matters will not have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

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- Definition The disclosure of commitments and contingent liabilities. [Refer: Contingent liabilities [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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