Amendment N°3 to the Airbus A330/A350XWB Purchase Agreement Dated as of January 31, 2008 Between AIRBUS S.A.S. And HAWAIIAN AIRLINES, INC.
Exhibit 10.3
Amendment N°3
to the Airbus A330/A350XWB Purchase Agreement
Dated as of January 31, 2008
Between
AIRBUS S.A.S.
And
HAWAIIAN AIRLINES, INC.
This Amendment N°3 between Airbus S.A.S. and Hawaiian Airlines, Inc., (hereinafter referred to as the “Amendment”) is entered into as of March 3, 2010, by and between Airbus S.A.S., organized and existing under the laws of the Republic of France, having its registered office located at 0, Xxxx-Xxxxx Xxxxxxx Xxxxxxxx, 00000 Xxxxxxx, Xxxxxx (hereinafter referred to as the “Seller”), and Hawaiian Airlines, Inc. a corporation, organized and existing under the laws of the State of Delaware, United States of America, having its principal corporate offices located at 0000 Xxxxxxx Xxxxxx, Xxx. X-000, Xxxxxxxx, Xxxxxx, 00000, XXX (hereinafter referred to as the “Buyer”).
WITNESSETH
WHEREAS, the Buyer and the Seller have entered into an Airbus A330/A350XWB Purchase Agreement dated as January 31, 2008 which agreement, as previously amended by and supplemented with all exhibits, appendices, letter agreements and amendments, including Amendment No. 1 dated as of June 26, 2008 and Amendment No. 2 dated as of November 27, 2009, (collectively, the “Agreement”), relates to the sale by the Seller and the purchase by the Buyer of certain aircraft; and
WHEREAS, the Buyer and the Seller wish to amend certain provisions of the Agreement as set forth herein.
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:
Capitalized terms used herein and not otherwise defined herein will have the meanings assigned to them in the Agreement. The terms “herein,” “hereof” and “hereunder” and words of similar import refer to this Amendment.
[**] – Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
Confidential
1. X000-000 XXXXXXXX RIGHT AIRCRAFT
1.1 The Seller will manufacture, sell and deliver, and the Buyer will purchase and take delivery of an additional one (1) A330-200 Purchase Right Aircraft from the Seller, subject to the terms and conditions in the Amendment and the Agreement (the “N(o)1 X000-000 Xxxxxxxx Right Aircraft”). Except as set forth in this Amendment, all terms and conditions in the Agreement that are applicable to X000-000 Xxxxxxxx Right Aircraft will apply to the N(o)1 X000-000 Xxxxxxxx Right Aircraft.
1.2 The Seller acknowledges having received a Purchase Right Fee [**] for the N(o)1 X000-000 Xxxxxxxx Right Aircraft. Notwithstanding the table in Clause 5.2.3 of the Agreement, the balance of the first (1st), second (2nd), third (3rd) and fourth (4th) Predelivery Payment [**]; all subsequent Predelivery Payments will be due and payable in accordance with the schedule in such Clause 5.2.3 of the Agreement.
1.3 Paragraph 2.2 (i) of Letter Agreement No. 3 is hereby deleted and replaced with the following text between quotes:
QUOTE
[**]
UNQUOTE
2. DELIVERY
2.1 As a consequence of Paragraph 1 above, the delivery schedule set forth in Clause 9.1.1 of the Agreement with respect to A330-200 Aircraft is hereby deleted in its entirety and replaced with the following between QUOTE and UNQUOTE:
QUOTE
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Aircraft N°1* |
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2nd Quarter 2011 |
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Aircraft N°2 |
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1st Quarter 2012 |
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Aircraft N°3 |
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2nd Quarter 2012 |
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Aircraft N°4 |
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1st Quarter 2013 |
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Aircraft N°5 |
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2nd Quarter 2013 |
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Aircraft N°6 |
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2nd Quarter 2013 |
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Aircraft N°7 |
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1st Quarter 2014 |
* X000-000 Xxxxxxxx Right Aircraft
UNQUOTE
2.2 The N(o)1 X000-000 Xxxxxxxx Right Aircraft will have a Scheduled Delivery Month of April 2011.
[**] – Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
3. SPECIFICATION
3.1 The Contractual Definition Freeze date for the N(o)1 X000-000 Xxxxxxxx Right Aircraft shall be of even date hereof.
4. EFFECT OF THE AMENDMENT
The provisions of this Amendment are binding on both parties upon execution hereof. The Agreement will be deemed amended to the extent herein provided, and, except as specifically amended hereby, will continue in full force and effect in accordance with its original terms. This Amendment supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment.
Both parties agree that this Amendment will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Amendment will be governed by the provisions of said Agreement, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.
5. CONFIDENTIALITY
This Amendment is subject to the confidentiality provisions set forth in Clause 22.9 of the Agreement.
6. COUNTERPARTS
This Amendment may be signed in any number of separate counterparts. Each counterpart, when signed and delivered (including counterparts delivered by facsimile transmission), will be an original, and the counterparts will together constitute one and the same instrument.
[**] – Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below.
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Very truly yours, |
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AIRBUS S.A.S. |
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By: |
/s/ Xxxxxxxxxx Xxxxxx |
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Its: |
Senior Vice President Contracts |
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Accepted and Agreed |
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Hawaiian Airlines, Inc. |
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By: |
/s/ Xxxxxxx X. Xxxxxxxx |
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Its: |
Sr. Vice President – Operations |
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and |
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By: |
/s/ Xxxx X. Xxx |
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Its: |
Sr. Vice President, General Counsel & Corporate Secretary |
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[**] – Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
