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Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases |
Schedule of composition of the fleet and spare engines, leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Aircraft |  | ​ |  | At December |  | At December
Type |  | Model |  | 31, 2023 |  | 31, 2022
A319 |  | 132 |  | 3 |  | 3
A320 |  | 233 |  | 39 |  | 39
A320 |  | 232 |  | 1 |  | 1
A320NEO |  | 271N |  | 51 |  | 48
A321 |  | 231 |  | 10 |  | 10
A321NEO | ​ | 271N | ​ | 25 | ​ | 15
​ |  |  |  | 129 |  | 116
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Engine spare |  | ​ |  | At December |  | At December
Type |  | Model |  | 31, 2023 |  | 31, 2022
V2500 | ​ | V2524-A5 | ​ | — | ​ | 2
V2500 |  | V2527M-A5 |  | 3 |  | 3
V2500 |  | V2527E-A5 |  | 5 |  | 6
V2500 |  | V2527-A5 |  | 6 |  | 6
PW1100 | ​ | PW1127G-JM | ​ | 5 | ​ | 5
PW1100 | ​ | PW1133G-JM | ​ | 1 | ​ | 1
​ |  |  |  | 20 |  | 23
(1) Certain of the Company’s aircraft and engine lease agreements include an option to extend the lease term period. Management evaluates extensions based on the market conditions at the time of renewal.
Summary of carrying amounts of right-of-use assets recognized and the movements during the period | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Spare engine |  | ​ |  | ​
​ |  | Aircraft leases |  | leases |  | Building leases |  | Total
As of December 31, 2021 |  | US$ | 1,862,664 | ​ | US$ | 34,953 |  | US$ | 19,618 | ​ | US$ | 1,917,235
Additions |  |  | 521,711 | ​ |  | 1,023 |  |  | 30,597 | ​ |  | 553,331
Modifications | ​ | ​ | 25,895 | ​ | ​ | (168) | ​ | ​ | 5,081 | ​ | ​ | 30,808
Depreciation on right of use assets |  |  | (299,517) | ​ |  | (11,627) |  |  | (9,299) | ​ |  | (320,443)
As of December 31, 2022 | ​ | ​ | 2,110,753 | ​ | ​ | 24,181 | ​ | ​ | 45,997 | ​ | ​ | 2,180,931
Additions | ​ | ​ | 401,943 | ​ | ​ | — | ​ | ​ | 2,774 | ​ | ​ | 404,717
Extensions | ​ | ​ | 64,994 | ​ | ​ | 7,825 | ​ | ​ | 767 | ​ | ​ | 73,586
Modifications |  |  | 32,167 | ​ |  | 9,006 |  |  | — | ​ |  | 41,173
Depreciation on right of use assets | ​ | ​ | (337,694) | ​ | ​ | (11,524) | ​ | ​ | (12,797) | ​ | ​ | (362,015)
As of December 31, 2023 | ​ | US$ | 2,272,163 | ​ | US$ | 29,488 | ​ | US$ | 36,741 | ​ | US$ | 2,338,392
Summary of carrying amounts of lease liabilities and the movements during the period | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
As of January 1st, |  | US$ | 2,708,723 | ​ | US$ | 2,412,137
Additions |  | ​ | 404,650 | ​ | ​ | 550,834
Modifications | ​ | ​ | 114,759 | ​ | ​ | 29,842
Disposals | ​ | ​ | (4,378) | ​ | ​ | —
Accretion of interest |  | ​ | 194,416 | ​ | ​ | 165,043
Foreign exchange effect |  | ​ | 2,346 | ​ | ​ | (129)
Payments | ​ | ​ | (529,074) | ​ | ​ | (449,004)
As of 31 December, | ​ | US$ | 2,891,442 | ​ | US$ | 2,708,723
Current |  | US$ | 372,697 | ​ | US$ | 335,620
Non-current | ​ | US$ | 2,518,745 | ​ | US$ | 2,373,103
Summary of amounts recognized in profit or loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the years ended December 31,
​ | ​ | 2023 |  | 2022 |  | 2021
Depreciation of right-of-use assets | ​ | US$ | (362,015) | ​ | US$ | (320,443) | ​ | US$ | (269,351)
Interest expense on lease liabilities and aircraft and engine lease return obligation (Note 23) | ​ |  | (191,967) | ​ |  | (174,769) | ​ |  | (128,159)
Aircraft and engine variable lease expenses | ​ |  | (103,845) | ​ |  | (124,532) | ​ |  | (83,373)
Short - term leases and leases of low - value assets | ​ | ​ | (7,925) | ​ | ​ | (6,680) | ​ | ​ | (8,964)
Total amount recognized in profit or loss | ​ | US$ | (665,752) | ​ | US$ | (626,424) | ​ | US$ | (489,847)

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