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v3.25.1

Finance income and cost (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes and other explanatory information [abstract] |
Schedule of finance income |
Schedule of finance income |  |  |  |  |  |
|  | 2024 |  | 2023 |  | 2022
Interest on cash and equivalents |  | US$ | 39,941 |  |  | US$ | 32,461 |  |  | US$ | 12,036 |
Interest on recovery of guarantee deposits |  |  | 8,079 |  |  |  | 4,611 |  |  |  | 155 |
Interest on cash and equivalents held in the trust CIB/3249 |  |  | 1,424 |  |  |  | 1,150 |  |  |  | 711 |
Total finance income |  | US$ | 49,444 |  |  | US$ | 38,222 |  |  | US$ | 12,902 |
Schedule of finance cost |
Schedule of finance cost |  |  |  |  |  |
|  | 2024 |  | 2023 |  | 2022
Interest expense on lease liabilities and aircraft and engine lease return obligation (Note 14) |  | US$ | 250,530 |  |  | US$ | 191,967 |  |  | US$ | 174,769 |
Interest on asset-backed trust notes |  |  | 19,496 |  |  |  | 16,969 |  |  |  | 12,049 |
Cost of letter credit notes |  |  | 6,744 |  |  |  | 5,477 |  |  |  | 4,131 |
Interest on debts and borrowings (1) |  |  | 14,125 |  |  |  | 2,851 |  |  |  | 533 |
Other finance costs |  |  | 1,497 |  |  |  | 1,153 |  |  |  | 584 |
Derivative financial instruments loss (Note 4) |  |  | 896 |  |  |  | 579 |  |  |  | 161 |
Bank fees and others |  |  | 351 |  |  |  | 347 |  |  |  | 308 |
Total finance costs |  | US$ | 293,639 |  |  | US$ | 219,343 |  |  | US$ | 192,535 |
(1) | The borrowing costs related to the construction of qualifying assets are capitalized as part of the cost of the asset (Note 12). Interest expense not capitalized is related to the short-term working capital facility.
Schedule of capitalized interest |
Schedule of capitalized interest |  |  |  |  |  |
|  | 2024 |  | 2023 |  | 2022
Interest on debts and borrowings |  | US$ | 49,232 |  |  | US$ | 24,752 |  |  | US$ | 8,448 |
Capitalized interest (Note 12) |  |  | (35,107 | ) |  |  | (21,901 | ) |  |  | (7,915 | )
Net interest on debts and borrowing in the consolidated statements of operations |  | US$ | 14,125 |  |  | US$ | 2,851 |  |  | US$ | 533 |

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