The chosen consolidated financial information introduced beneath below the captions Consolidated Statements of Operations data and Consolidated Balance Sheet data for the years ended December 31, 2016, 2015, 2014, 2013 and 2012 are derived from AAGs audited consolidated financial statements. The chosen consolidated financial information introduced below beneath the captions Consolidated Statements of Operations data and Consolidated Balance Sheet data for the years ended December 31, 2016, 2015, 2014, 2013 and 2012 are derived from Americans audited consolidated monetary statements. As of December 31, 2016, the remaining lease payments guaranteeing the principal and interest on these bonds are $605 million, that are accounted for as working leases. During 2016, we elevated our regional fleet by sixty one regional aircraft, we removed and placed in short-term storage one Embraer ERJ 140 aircraft and retired 41 different regional aircraft. As of December 31, 2016, American operated a mainline fleet of 930 aircraft. During 2016, American took delivery of 55 new mainline aircraft and retired 71 aircraft. In 2016, we broke ground on our new headquarters campus in Fort Worth, Texas, which will be named after former American Chairman and Chief Executive Officer, Robert Crandall. We own our company headquarters buildings in Fort Worth, Texas.
We lease or have built on leased property our coaching amenities in Fort Worth, Texas, our principal overhaul and upkeep base in Tulsa, Oklahoma, our regional reservation offices and administrative workplaces all through the U.S. Now we have a major amount of goodwill, which is assessed for impairment at least yearly. Sure provisions of AAGs Certificate of Incorporation and Bylaws make it difficult for stockholders to alter the composition of our Board of Administrators and will discourage takeover attempts that some of our stockholders would possibly consider helpful. Our Certificate of Incorporation and Bylaws embrace sure provisions that restrict voting and ownership and disposition of our fairness pursuits. AAGs Certificate of Incorporation and Bylaws present that, according to the necessities of Subtitle VII of Title forty nine of the United States Code, as amended (the Aviation Act), any individuals or entities who will not be a citizen of the United States (as defined underneath the Aviation Act and administrative interpretations issued by the DOT, its predecessors and successors, infrequently), including any agent, trustee or representative of such individuals or entities (a non-citizen), shall not, within the aggregate, own (beneficially or of report) and/or control more than (a) 24.9% of the aggregate votes of all of our excellent fairness securities or (b) 49.0% of our outstanding fairness securities.
In two employees concerned in the depopulation, symptoms developed, including conjunctivitis, headache, and coryza, 1-three days after direct exposure of the eye to poultry tissue on contaminated farms. U.S. and worldwide laws and laws, together with U.S. International Accounting Standards Board (IASB) to enhance financial reporting by creating common income recognition steerage for GAAP and International Financial Reporting Standards (IFRS). However, in January 2017, our Board of Directors authorized a new $2.Zero billion share repurchase program that expires on December 31, 2018, bringing the total quantity authorized for share repurchase applications since July 2014 to $11.0 billion. While these provisions have the impact of encouraging individuals searching for to amass management of our company to negotiate with our Board of Directors, they could allow our Board of Directors to forestall a transaction that some, or a majority, of our stockholders would possibly consider to be in their greatest curiosity and, in that case, could forestall or discourage attempts to take away and substitute incumbent administrators. We’re currently concerned in various authorized proceedings and claims that haven’t but been absolutely resolved, and additional claims may come up in the future. Future downgrades in the scores of sufficient insurers may adversely influence both the availability of appropriate insurance coverage protection and its cost.
Additionally, our share repurchase applications and any future dividends will diminish our money reserves, which may influence our potential to finance future development and to pursue potential future strategic alternatives and acquisitions. As well as, authorized proceedings, and any adversarial resolution thereof, may end up in hostile publicity and damage to our repute, which may adversely impression our business. See Half I, Merchandise 1A. Danger Elements We could also be a social gathering to litigation in the normal course of enterprise or in any other case, which could affect our monetary position and liquidity for extra dialogue. Now and again, we are a social gathering to or otherwise concerned in legal proceedings, claims and government inspections or investigations and different legal matters, each inside and out of doors the United States, arising within the ordinary course of our business or otherwise. However, we are not required to distribute additional shares above the limits contemplated by the Plan, even if the shares remaining for distribution are usually not enough to totally pay any further allowed unsecured claims. Former holders of AMR widespread stock as of December 9, 2013, the effective date of the plan of reorganization, might sooner or later obtain further distributions of AAG common stock dependent upon the ultimate distribution of shares of AAG widespread inventory to holders of disputed claims.
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