SUPPLEMENTAL AGREEMENT NO. 4 to Purchase Agreement No. 3075 between THE BOEING COMPANY and AEROVIAS DEL CONTINENTE AMERICANO S.A. AVIANCA Relating to Boeing Model 787-859 Aircraft

Exhibit 10.9.4

SUPPLEMENTAL AGREEMENT NO. 4

to

Purchase Agreement No. 3075

between

THE BOEING COMPANY

and

AEROVIAS DEL CONTINENTE AMERICANO S.A. AVIANCA

Relating to Boeing Model 787-859 Aircraft

THIS SUPPLEMENTAL AGREEMENT, is entered into as of the 11^th day of January 2013, by and between THE BOEING COMPANY, a Delaware corporation with its principal offices in the City of Seattle, State of Washington, USA (Boeing), and Aerovias del Continente Americano S.A. AVIANCA, a company organized under the laws of the country of Colombia (Buyer):

Recitals

1) Boeing and Buyer entered into Purchase Agreement No. 3075, dated 03 October 2006, as amended and supplemented (the Agreement) relating to the purchase and sale of fifteen (15) Boeing Model 787-859 aircraft.

2) Buyer has requested and Boeing has agreed to defer the delivery of two aircraft that are currently scheduled to deliver in the months of [*] 2014 to the months of [*] 2014

Agreement

The parties agree to amend the Agreement as follows:

1. Table of Contents.

Remove and replace, in its entirety, the Table of Contents, with a new Table of Contents (attached hereto) to reflect the incorporation of this Supplemental Agreement No. 4 (SA-4) into the Purchase Agreement.

2. Tables.

Remove and replace Table 1-1 to Purchase Agreement No. 3075, Aircraft Delivery. Description. Price and Advance Payments, with the new Table I-I (attached hereto) to reflect the revised scheduled months of Aircraft delivery described in recital number 2 above.

PA3075 XX-0 XXX

0

Xxx Xxxxxxxx Agreement, Exhibits and Letter Agreements shall be deemed amended to the extent herein provided and as so amended shall continue in full force and effect. In the event of any inconsistency between the above provisions and those provisions contained in the Purchase Agreement, the terms of this Supplemental Agreement will govern and control.

EXECUTED IN DUPLICATE as of the day and year first above written.

THE BOEING COMPANY
By		[*]
Its		Attorney-In-Fact
AEROVIAS DEL CONTINENTE AMERICANO S.A. AVIANCA
By		/s/ Elise
Its		Secretary

PA3075 XX-0 XXX

0

TABLE OF CONTENTS

				SA NUMBER
ARTICLES
1.		Quantity, Model and Description
2.		Delivery Schedule
3.		Price
4.		Payment
5.		Miscellaneous
TABLE
1-1..		Aircraft Information Table			SA-4
1-2.		Aircraft Information Table			SA-3
1-3		Aircraft Information Table			SA-3
EXHIBIT
A.		Aircraft Configuration
B.		Aircraft Delivery Requirements and Responsibilities
SUPPLEMENTAL EXHIBITS
AEI.		Escalation Adjustment/Airframe and Optional Features
BFEI		Buyer Furnished Equipment Variables			SA-3
CS1.		Buyer Support Document
EEI .		Engine Escalation/Engine Warranty and Patent Indemnity			SA-2
SLP1.		Service Life Policy Components

PA3075 XX-0 XXX

0

				SA NUMBER
LETTER AGREEMENTS
3075-01		787 Open Configuration Matters
3075-02		787 Spare Parts Commitment
3075-03		787 Spare Parts Initial Provisioning
3075-04		Aircraft Model Substitution
3075-05		Demonstration Flight Waiver
3075-06		Schedule Reliability
3075-07		Spare Parts – Flight Crew Training
6-1162-DME-0895		AD Cost Materials
6-1162-DME-0896		Performance Guarantees and Attachments			SA-2
6-1162-DME-0897		Alternate Engine Selection			SA-2
6-1162-DME-0898		GEnx Performance Retention and Attachment			SA-2
6-1162-DME-0899		Trent Performance Retention and Attachment
6-1162-DME-0900		Maintenance Cost Guarantees and Attachment
6-1162-DM E-0901R2		Advance Payment Matters and Attachments A & B			SA-3
6-1162-DME-0902		Promotional Support			SA-1
6-1162-DME-0903R2		Purchase Rights			SA-3
6-1162-DME-0904		Special Matters
6-1162-DME-0905R1		Escalation [*]			SA-3
[*]
[*]
6-1162-DME-0906R1		Customer Services Matters and Attachment			XX-0
0-0000-XXX-0000		XXXX Matters
[*]
6-1167-DME-1347		Additional Special Matters –[*]			SA-3

RECORD OF SUPPLEMENTAL AGREEMENTS

SA-1		—		28 March		2007
SA-2		—		21 November		2007
SA-3		—		2012		2012
SA-4		—

PA3075 XX-0 XXX

XXXXXXXX X

Supplemental Agreement No. SA-2

Table 1-1 to Purchase Agreement No. 3075

Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:                787-8		[*]		Detail Specification:		787B1-1102-B (7/9/2007)
Engine Model/Thrust:        TRENT[*]		[*]		Airframe Price Base Year/Escalation Formula:		[*]
Airframe Price:		[*]		Engine Price Base Year/Escalation Formula:		[*]
Optional Features:		[*]
Sub-Total of Airframe and Features:		[*]		Airframe Escalation Data:		[*]
Engine Price (Per Aircraft):		[*]		Base Year Index (ECI):		[*]
Aircraft Basic Price (Excluding BFE/SPE):		[*]		Base Year Index (CPI):		[*]
Buyer Furnished Equipment (BFE) Estimate:		[*]		Engine Escalation Data:		[*]
Seller Purchased Equipment (SPE) Estimate:		[*]		Base Year Index (ECI):		[*]
				Base Year Index (CPI):		[*]
Refundable Deposit/Aircraft at Proposal Accept:		$150,000

Delivery Date

Number of Aircraft

Escalation Factor (Airframe)

Escalation Factor (Engine)

Escalation Estimate Adv Payment Base Price Per  A/P

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to  Delivery):

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Total:

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Boeing Proprietary SA-4 Page 1