Attention: Mr. Kevin Burkhart Managing Director — Aircraft Acquisitions & Sales Subject: Revised Payment Schedule for certain Boeing Model 777-FREIGHTER Aircraft (Firm Aircraft only) Reference: Supplemental Agreement No. 3 to Purchase Agreement 3157,...

Exhibit 10.4

[Boeing letterhead]

December 12, 2008
6-1162-RRO-1058

Federal Express Corporation
0000 Xxxxxxxxxx Xxxxx
Xxxxxxx, XX 00000

Attention:		Xx. Xxxxx Xxxxxxxx
		Managing Director — Aircraft Acquisitions & Sales
Subject:		Revised Payment Schedule for certain Boeing Model 777-FREIGHTER Aircraft (Firm Aircraft only)
Reference:		Supplemental Agreement No. 3 to Purchase Agreement 3157, dated November 7, 2006, between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER Aircraft (the Aircraft)

Dear Xx. Xxxxxxxx:

Boeing and Customer agree that at the signing of Supplemental Agreement No. 3 Customer will have pre-paid $94,020,710 (calculated as $15,801,884,640 dollar-day credit) with regards to certain advance payments for certain Aircraft under Purchase Agreement 3157. Additionally, Customer has pre-paid [ * ]. (calculated as [ * ] dollar-day credit) attributed to the recent IAM Strike with regards to certain advance payments for certain Aircraft under Purchase Agreement 3157. These sums will continue to be treated under Purchase Agreement 3157 as advance payments and will collectively be known for purposes herein as the credit (Credit). Boeing and Customer have further agreed that Boeing will hold the Credit and apply the Credit, in whole or in part, to future advance payments becoming due under Purchase Agreement 3157, as directed by Customer.

Customer acknowledges and agrees that the Credit will be used/consumed on/or before the final advance payment for the final Firm Aircraft detailed within Purchase Agreement 3157 between Boeing and Customer.

The above Credit was calculated by Boeing assuming a SA #3 execution date of 12/19/08. A different SA #3 execution date will result in an adjustment to the total dollar-day’s available.

If you have any questions, please contact me at your earliest convenience.

Sincerely,
THE BOEING COMPANY		FEDERAL EXPRESS CORPORATION
By: /s/ Xxxxxxx X. Xxxx		By: /s/ Xxxxxxx X. Xxxx
Its: Attorney-In-Fact		Its: Vice President — Aircraft Acquisitions/SAO

* Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

[Boeing letterhead]

December 12, 2008
6-1162-RRO-1056

Federal Express Corporation
0000 Xxxxxxxxxx Xxxxx
Xxxxxxx, XX 00000

Attention:		Xx. Xxxxx Xxxxxxxx
		Managing Director — Aircraft Acquisitions & Sales
Subject:		Confirmation of Delivery months for certain Boeing Model 777-FREIGHTER Aircraft
Reference:		a)   Purchase Agreement 3157, dated November 7, 2006, between The Boeing Company (Boeing) and Federal Express Corporation (Customer) relating to Model 777-FREIGHTER Aircraft (the Aircraft)
		b)   Boeing Model 777-FREIGHTER Aircraft with Manufacture Serial Numbers (MSN); 37721, 37724 and 37722

Dear Xx. Xxxxxxxx:

This letter is to provide Customer with confirmation that the delivery of certain Aircraft has been set by Boeing to their post-strike (2008 IAM Strike) delivery months. Further, Boeing can advise that the post-strike delivery months for the following Aircraft are as follows:

Aircraft		Post-Strike Delivery Month
MSN 37721		September 2009
MSN 37724		November 2009
MSN 37722		December 2009

Boeing agrees and confirms that these Aircraft (MSN 37721, MSN 37724 and MSN 37722) will not be subject to further revised delivery months except by: 1) mutual written agreement between Boeing and Customer, or 2) pursuant to Article 7, “Excusable Delay”, of the AGTA-FED, which is incorporated by reference into Purchase Agreement No. 3157 dated November 7, 2006 between The Boeing Company and Federal Express Corporation; provided, however, that the deliveries of the above Aircraft due to an Excusable Delay shall not be earlier than the above referenced post-strike delivery months.

If you have any questions, please contact me at your earliest convenience.

Sincerely,

THE BOEING COMPANY

/s/ Xxxxxxx X. Xxxx

Xxxxxxx X. Xxxx

Regional Director

Aircraft Contracts

Boeing Commercial Airplanes

[Boeing Letterhead]

December 12, 2008
6-1162-RRO-1057

Federal Express Corporation
0000 Xxxxxxxxxx Xxxxx
Xxxxxxx, XX 00000

Attention:		Xx. Xxxxx Xxxxxxxx
		Managing Director — Aircraft Acquisitions & Sales
Subject:		August 2012 Option Aircraft — Extension of Option Exercise Date
Reference:		a)   Purchase Agreement 3157 between The Boeing Company (Boeing) and Federal Express Corporation (Customer), dated November 7, 2006, relating to Model 777-FREIGHTER Aircraft (the Aircraft)
		b)   Letter Agreement 6-1162-RCN-1789 “Option Aircraft” between The Boeing Company (Boeing) and Federal Express Corporation (Customer), dated November 7, 2006, relating to Model 777-FREIGHTER Aircraft (the Aircraft)

Dear Xx. Xxxxxxxx:

This letter is to advise Customer that Boeing, with regards to Customer’s August 2012 Option Aircraft, hereby grants an extension until September 1, 2009, for Customer to exercise this Option. This extension is provided to Customer without additional cost or requirements.

Customer agrees and understand that this extension, of the August 2012 Option Aircraft exercise date, is strictly contingent on Customer’s agreement and execution of Supplemental Agreement No. 3 to Purchase Agreement 3157.

If you have any questions, please contact me at your earliest convenience.

Sincerely,

THE BOEING COMPANY

/s/ Xxxxxxx X. Xxxx

Xxxxxxx X. Xxxx

Regional Director

Aircraft Contracts

Boeing Commercial Airplanes

Supplemental Agreement No. 3

to

Purchase Agreement No. 3157

between

The Boeing Company

And

Federal Express Corporation

Relating to Boeing Model 777-FREIGHTER Aircraft

THIS SUPPLEMENTAL AGREEMENT, entered into as of the 15^th day of December, 2008, by and between THE BOEING COMPANY, (Boeing), and FEDERAL EXPRESS CORPORATION (Customer);

W I T N E S S E T H:

WHEREAS, the parties entered into that certain Purchase Agreement No. 3157, dated November 7 2006 (“Purchase Agreement”), relating to the purchase and sale of certain Boeing Model 777-FREIGHTER; and

WHEREAS, Customer has completed the configuration of its Boeing Model 777-FREIGHTER Aircraft and wishes to incorporate this configuration into the Purchase Agreement; and

WHEREAS, Customer desires to re-schedule the delivery of certain Boeing Model 777-FREIGHTER Aircraft and Option Aircraft;

S3-1

Supplemental Agreement 3 to
Purchase Agreement No. 3157

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree to supplement the Purchase Agreement as follows:

All terms used herein and in the Purchase Agreement, and not defined herein, shall have the same meaning as in the Purchase Agreement.

1. Remove and replace, in its entirety, the “Table of Contents” with the Table of Contents attached hereto to reflect the changes made by this Supplemental Agreement No. 3.

2. In order to incorporate into the Aircraft the features selected by Customer, Exhibit A to the Purchase Agreement is hereby deleted and replaced with a new Exhibit A which is attached hereto.

3. In order to reschedule all Firm Aircraft, except for the July 2009, September 2009, October 2009, July 2010 and August 2010 Aircraft, and to incorporate into the Aircraft Basic Price the price of the features selected by Customer (paragraph 2 above); Table 1 to the Purchase Agreement is hereby deleted and replaced with a new Table 1 which is attached hereto. Boeing hereby agrees to waive charges for the Aircraft rescheduling herein.

4. In order to reschedule all Option Aircraft and to incorporate into Option Aircraft Basic Price the price of the features selected by Customer (paragraph 2 above); the attachment to Letter No. 6-1162-RCN-1789 is hereby deleted and replaced with a new attachment to Letter No. 6-1162-RCN-1789 which is attached hereto. Boeing hereby agrees to waive charges for the Option Aircraft rescheduling herein. For the sake of clarity, the parties acknowledge that Customer has not exercised any options under Letter No. 6-1162-RCN-1789 as of the date of this Supplemental Agreement.

5. Customer agrees that Boeing will retain $94,020,710 of pre-paid advance payments that result from the matters set forth in paragraphs 2 and 3. Such amount will continue to be treated under the Purchase Agreement as advance payments, except that Boeing will apply such amount, in whole or in part, to future advance payment(s) by Customer becoming due under the Purchase Agreement subsequent to the date of this Supplemental Agreement, as directed by Xxxxxxxx.

EXECUTED as of the day and year first above written.

THE BOEING COMPANY		FEDERAL EXPRESS CORPORATION
By: /s/ Xxxxxxx X. Xxxx		By: /s/ Xxxxxxx X. Xxxx
Its: Attorney-In-Fact		Its: Vice President — Aircraft Acquisitions/SAO

S3-2

TABLE OF CONTENTS

		SA
		NUMBER
ARTICLES
1. Quantity, Model and Description
2. Delivery Schedule
3. Price
4. Payment
5. Miscellaneous
TABLE
1. Aircraft Information Table			3
EXHIBIT
A. Aircraft Configuration			3
A1. Aircraft Configuration			3
B. Aircraft Delivery Requirements and Responsibilities
SUPPLEMENTAL EXHIBITS
AE1. Escalation Adjustment/Airframe and Optional Features
CS1. Customer Support Variables
EE1. Engine Escalation/Engine Warranty and Patent Indemnity
SLP1. Service Life Policy Components

P.A. No. 3157 SA 3

		SA
		NUMBER
LETTER AGREEMENT
3157-01 777 Spare Parts Initial Provisioning
3157-02 Demonstration Flight Waiver
6-1162-RCN-1785 Demonstrated Compliance
6-1162-RCN-1789 Option Aircraft Attachment to Letter 6-1162-RCN-1789			3
6-1162-RCN-1790 Special Matters
6-1162-RCN-1791 Performance Guarantees
6-1162-RCN-1792 Liquidated Damages Non-Excusable Delay
6-1162-RCN-1793 Open Configuration Matters
6-1162-RCN-1795 AGTA Amended Articles
6-1162-RCN-1796 777 First-Look Inspection Program
6-1162-RCN-1797 Licensing and Customer Supplemental Type Certificates
6-1162-RCN-1798 777 Boeing Converted Freighter
6-1162-RCN-1799 Promotional Support Agreement

P.A. No. 3157 SA 3

SUPPLEMENTAL AGREEMENTS		DATED AS OF:
Supplemental Agreement No. 1		May 12, 2008
Supplemental Agreement No. 2		July 14, 2008
Supplemental Agreement No. 3		December 15, 2008

P.A. No. 3157 SA 3

Exhibit A to
Purchase Agreement Number 3157
Page 1

AIRCRAFT CONFIGURATION

Dated December 15, 2008

relating to

BOEING MODEL 777-FREIGHTER AIRCRAFT

Customer Detail Specification is D019W007FED7F-1-NEW. Such Detail Specification will be comprised of Boeing Configuration Specification D019W007-Rev B dated as of May 30, 2008, plus any changes applicable to the basic model 777-Freighter aircraft and as amended to incorporate the Options attached hereto. As soon as practicable, Boeing will furnish to Customer copies of the Detail Specification.

Basic Price does not include the price effects of any Buyer Furnished Equipment or Seller Purchased Equipment.

Supplemental Agreement No. 3

Exhibit A to
Purchase Agreement No. 3157

				2006$
				15 A/P’S
				Price
CR		Title		Per A/C
0110-000039		MAJOR MODEL 777 AIRPLANE		[ * ]
0110B750A90		MINOR MODEL 777 FREIGHTER AIRPLANE		[ * ]
0220-000040		FAA TYPE CERTIFICATION		[ * ]
0221-000002		DISPATCH WITH GEAR EXTENDED FOR REVENUE FLIGHT		[ * ]
0221B401A44		ENGINE INOPERATIVE TEN MINUTE TAKEOFF THRUST OPERATION		[ * ]
0228-000032		OPERATIONS MANUAL IN FAA FORMAT		[ * ]
0228C417D40		AIRPLANE FLIGHT MANUAL		[ * ]
0229C608D26		PERFORMANCE — CERTIFICATION FOR OPERATION AT AIRPORTS WITH PRESSURE ALTITUDES UP TO 9800 FEET AND AUTOPILOT CAPABILITY AT AIRPORTS WITH A MAXIMUM FIELD ELEVATION OF 8,500 FEET		[ * ]
0252B299A35		INSTRUMENTATION, AIRPLANE AND FUEL MEASURING STICK MANUALS IN ENGLISH UNITS — TEMPERATURE IN DEGREES CELSIUS		[ * ]
0315C417D42		CERTIFIED OPERATIONAL WEIGHTS AND STRUCTURAL DESIGN WEIGHT — 777 — FREIGHTER		[ * ]
1110C874H30		EXTERIOR COLOR SCHEME AND MARKINGS — ENGINE NACELLES COLOR		[ * ]
1110C874H32		EXTERIOR COLOR SCHEME AND MARKINGS		[ * ]
1137C703A41		CARGO MARKINGS — FORWARD CARGO COMPARTMENT		[ * ]
1138C703A42		CARGO MARKINGS — AFT CARGO COMPARTMENT		[ * ]
1139C703A40		CARGO MARKINGS — MAIN DECK CARGO COMPARTMENT		[ * ]
2210-000003		AUTOFLIGHT — INHIBIT GLIDE SLOPE CAPTURE PRIOR TO LOCALIZER CAPTURE		[ * ]
2210-000030		AUTOFLIGHT — THREE DIGIT MACH NUMBER ON MODE CONTROL PANEL		[ * ]
2210-000036		AUTOFLIGHT — HEADING HOLD AT AUTOPILOT COMMAND ENGAGE		[ * ]
2210C594A11		AUTOFLIGHT — ENABLE LNAV ENGAGEMENT ON TAKEOFF GO-AROUND		[ * ]
2311-000137		HF COMMUNICATIONS — PARTIAL PROVISIONS FOR DUAL ARINC 753 HF DATALINK		[ * ]
2311B401A30		HF COMMUNICATIONS — ARINC 753 DUAL HF TRANSCEIVERS — AIRPLANE INFORMATION MANAGEMENT SYSTEM (AIMS) — HF DATALINK ACTIVATION — AIRLINE OPERATIONAL COMMUNICATIONS ONLY		[ * ]
2311B401A39		HF COMMUNICATIONS — EQUIPMENT INSTALLATION OF DUAL XXXXXXXX XX VOICE/DATA TRANSCEIVERS — P/N 000-0000-000 AND DIGITAL HF COUPLERS — P/N 000-0000-000 BFE/SPE		[ * ]
2312-000703		VHF COMMUNICATIONS — ACTIVATION OF 8.33 KHZ CHANNEL SPACING		[ * ]
2312B401A87		VHF COMMUNICATIONS — EQUIPMENT INSTALLATION OF TRIPLE ROCKWELL ARINC 750 VHF-2100 TRANSCEIVERS WITH 8.33 KHZ CHANNEL SPACING, VDL MODE 2, AND CMC INTERFACE CAPABILITY — P/N 000-0000-000 — BFE/SPE		[ * ]
2315C581A25		SATCOM — AVIONICS EQUIPMENT INSTALLATION — ARINC 781 AERO-H+ AND SWIFTBROADBAND — THALES TOPFLIGHT SERIES — BFE/SPE		[ * ]
2315C988A06		SATCOM — ANTENNA EQUIPMENT INSTALLATION — ARINC 781 COMPACT HIGH GAIN ANTENNA - XXXXXXX HGA-7001 ANTENNA SYSTEM WITH TYPE F DIPLEXER — FREIGHTER — BFE/SPE		[ * ]
2321-000050		SELCAL — AVTECH FIVE CHANNEL DECODER — P/N 1200008-000 — BFE/SPE		[ * ]
2322C926A04		AIRCRAFT COMMUNICATIONS ADDRESSING AND REPORTING SYSTEM (ACARS) — AIRPLANE INFORMATION MANAGEMENT SYSTEM (AIMS) ACTIVATION — VHF DATALINK MODE 2		[ * ]
2324C164C74		EMERGENCY LOCATOR TRANSMITTER — FIXED/AUTOMATIC INSTALLATION — ELTA P/N 01N65900 — BFE		[ * ]
2351-000033		HAND HELD MICROPHONE — CAPTAIN AND FIRST OFFICER — ELECTROVOICE — P/N 903-1342 — BFE/SPE		[ * ]
2351-000035		HAND HELD MICROPHONE — FIRST OBSERVER — ELECTROVOICE — P/N 903-1342 — BFE/SPE		[ * ]
2351-000042		CONTROL WHEEL PUSH TO TALK (PTT) SWITCH — STANDARD THREE POSITION		[ * ]
2351-000044		AUDIO CONTROL PANEL — SECOND OBSERVER		[ * ]
2351A213B78		BOOM MICROPHONE HEADSETS — CAPTAIN, FIRST OFFICER AND FIRST OBSERVER — TELEX AIRMAN 750 — P/N 64300-200 — BFE/SPE		[ * ]
2351A213B79		BOOM MICROPHONE HEADSET — SECOND OBSERVER — TELEX AIRMAN 750 — P/N 64300-200 — BFE/SPE		[ * ]
2371-000092		SOLID STATE VOICE RECORDER ED56A P/N 000-0000-000 — AND SOLID STATE REMOTE AREA MICROPHONE P/N 000-0000-000 & CONTROL PANEL ED56A P/N 000-0000-000 — HONEYWELL — 2 HOUR RECORDING TIME. BFE/SPE		[ * ]
2431-000013		NO BATTERY POWERED POSITION LIGHTS AND DC BACKUP POWER — TOWING OPERATION		[ * ]
2454C608E40		AC POWER OUTLETS — INSTALLATION IN FLIGHT DECK BY THE SECOND OBSERVER’S SEAT — UK STYLE OUTLET WITH IN-SEAT POWER SUPPLY (ISPS) — ASTRONICS 110 VAC		[ * ]

Supplemental Agreement No. 3 Page 1 of 5

Exhibit A to
Purchase Agreement No. 3157

				2006$
				15 A/P’S
				Price
CR		Title		Per A/C
2454C896A15		POWER OUTLETS — INSTALLATION — ADDITIONAL ELECTRICAL POWER SUPPLIES NEAR THE SUPERNUMERARY SEATS FOR THE USE OF PERSONAL COMPUTERS — ASTRONICS 110 VAC		[ * ]
2513A552A92		FLIGHT COMPARTMENT ASHTRAYS — DO NOT INSTALL		[ * ]
2513B299A22		MISCELLANEOUS STOWAGE — PILOT CONSOLES — FLIGHT DECK		[ * ]
2519C898D77		CURTAIN — INSTALLATION — ACOUSTIC AND LIGHT IMPROVEMENT — FLIGHT DECK		[ * ]
2524C204D42		FULL HEIGHT STOWAGE UNIT — FLOOR MOUNTED — AFT OF THE LAVATORY		[ * ]
2524C204D43		MID HEIGHT STOWAGE UNIT — FLOOR MOUNTED		[ * ]
2524C204D44		OVERHEAD STOWAGE UNIT — CEILING MOUNTED		[ * ]
2527C204G19		FLOOR COVERING — INSTALLATION — VINYL MAT THROUGHOUT THE SUPERNUMERARY AREA		[ * ]
2530C874E37		GALLEY INSERTS — SUPERNUMERARY COMPARTMENT		[ * ]
2530C896A10		GALLEY — SUPERNUMERARY COMPARTMENT		[ * ]
2552-000059		CARGO COMPARTMENT FULL FLOOR — AFT LOWER HOLD CARGO COMPARTMENT		[ * ]
2552-000083		CARGO COMPARTMENT FULL FLOOR — FORWARD CARGO COMPARTMENT		[ * ]
2552-000318		SLOPING SIDEWALL — FORWARD CARGO COMPARTMENT — 0.050-INCH-THICK BMS 8-223		[ * ]
2552-000319		SLOPING SIDEWALL — AFT CARGO COMPARTMENT — 0.050-INCH-THICK BMS 8-223		[ * ]
2557C703A39		MAIN DECK CARGO HANDLING — PAINTED NON-SKID WALKWAYS		[ * ]
2558C703A34		MAIN DECK CARGO RESTRAINTS — REMOVE CENTERLINE LOADING HARDWARE- SFE		[ * ]
2558C703A36		MAIN DECK CARGO RESTRAINTS — CIVIL RESERVE AIR FLEET (CRAF) CONFIGURATION — PROVISIONS		[ * ]
2558C703A54		MAIN DECK CARGO RESTRAINTS — ADDITIONAL CAPABILITY FOR 14 AYY CONTAINERS		[ * ]
2560-000207		HALON FIRE EXTINGUISHER — FLIGHT DECK — XXXXXX XXXXX		[ * ]
2560C204E95		PROTECTIVE BREATHING EQUIPMENT — FLIGHT DECK — AVOX		[ * ]
2560C204E99		CREW LIFE VESTS — FLIGHT DECK, WITH SECOND OBSERVER — AIR CRUISERS		[ * ]
2562C204F36		LIFE VESTS — SUPERNUMERARY — AIR CRUISERS		[ * ]
2562C874H27		EMERGENCY LOCATOR TRANSMITTER — PORTABLE		[ * ]
2564C204F02		PROTECTIVE BREATHING EQUIPMENT — SUPERNUMERARY — AVOX		[ * ]
2564C204G43		FIRST AID KIT — FAA		[ * ]
2564C874E39		PORTABLE OXYGEN BOTTLE W/ FULL FACE MASK — AVOX SYSTEMS INC — BFE		[ * ]
2564C874E40		HALON FIRE EXTINGUISHER — AMEREX — BFE		[ * ]
2564C874G77		FLASHLIGHT DELETION — SUPERNUMERARY		[ * ]
2564C874G78		PORTABLE OXYGEN W/MASK — AVOX SYSTEMS INC — BFE/SPE		[ * ]
2564C874H48		POLAR KIT STORAGE		[ * ]
2622-000017		ENGINE/APU FIRE EXTINGUISHER BOTTLES — COMMON BOTTLE		[ * ]
2625C896A09		FIRE EXTINGUISHING — TUBING AND DISCONNECTS FOR MAIN DECK SAX CONTAINERS		[ * ]
2821-000010		REFUELING ADAPTERS — RIGHT WING		[ * ]
2911-000003		AC MOTOR-DRIVEN HYDRAULIC PUMPS — EATON (XXXXXXX) S270T201-7		[ * ]
2911-000025		ENGINE-DRIVEN HYDRAULIC PUMPS — EATON (XXXXXXX) S271W110		[ * ]
3131-000187		DIGITAL FLIGHT DATA RECORDER — ALLIEDSIGNAL — 256 WORDS PER SECOND MAXIMUM DATA RATE — P/N 000-0000-000 BFE/SPE		[ * ]
3133B628B13		FLIGHT COMPARTMENT PRINTER — GRAPHICS CAPABLE (ARINC 744A) MULTIPORT THERMAL PRINTER WITH ARINC 429 AND ETHERNET PORTS — INSTALLATION		[ * ]
3135C174A06		QUICK ACCESS RECORDER (QAR) — XXXXX AND XXXXX — WITH PCMCIA CARD — P/N D52000-64000 — BFE/SPE		[ * ]
3143-000013		AIMS AIRPLANE MODIFIABLE (AMI) SOFTWARE — INSTALLATION AFTER DELIVERY AND BEFORE FLYAWAY		[ * ]
3143A068A03		DUAL ELECTRONIC CHECKLIST DATABASE		[ * ]
3143A207D22		AIMS — SOFTWARE ACTIVATION — DISABLE ENTRY OF GROSS WEIGHT ON “PERF INIT” PAGE		[ * ]
3143C926A05		AIRPLANE INFORMATION MANAGEMENT SYSTEM (AIMS) — OPERATIONAL PROGRAM CONFIGURATION FILE ACTIVATION — FLIGHT INFORMATION DATALINK COMMUNICATIONS MENU — ARINC 623 AIR TRAFFIC SERVICE MESSAGES		[ * ]
3143C926A06		AIRPLANE INFORMATION MANAGEMENT SYSTEM (AIMS) — OPERATIONAL PROGRAM CONFIGURATION FILE ACTIVATION — MAINTENANCE ENHANCEMENT PACKAGE		[ * ]
3150A213A18		AURAL ADVISORY OF ALTITUDE APPROACH — FLIGHT DECK		[ * ]
3151-000042		FIREBELL AURAL WARNING — 1 SECOND ON, 9 SECONDS OFF		[ * ]

Supplemental Agreement No. 3 Page 2 of 5

Exhibit A to
Purchase Agreement No. 3157

				2006$
				15 A/P’S
				Price
CR		Title		Per A/C
3151-000046		AUTOPILOT DISCONNECT — AURAL WARNING SIREN — AURAL WARNING AND MASTER WARNING LIGHT INHIBITED WHEN AUTOPILOT DISCONNECT SWITCH IS DOUBLE PRESSED QUICKLY		[ * ]
3151A065A47		RESETTABLE OVERSPEED AURAL WARNING — SIREN		[ * ]
3151A552C02		TAKEOFF CONFIGURATION CHECK SWITCH — FORWARD AISLE STAND PANEL		[ * ]
3151C175A07		FLIGHT MANAGEMENT COMPUTER (FMC) — CAUTION AND WARNING SYSTEMS — ACTIVATION — TAKEOFF RUNWAY DISAGREE ALERT		[ * ]
3161-000002		DOOR SYNOPTIC AND EICAS MESSAGE — PASSENGER DOOR SLIDE/RAFT ARMING HANDLE POSITION INDICATION — AUTO, MANUAL AND AUTO/MANUAL MESSAGES		[ * ]
3161-000167		ANNUNCIATION FOR LOSS OF RIGHT OR LEFT FMCS — EICAS ADVISORY MESSAGE		[ * ]
3161-000168		FLIGHT DECK COMMUNICATIONS FUNCTION (FDCF) AUTOMATIC RESET — ACTIVATION		[ * ]
3161-000169		ANNUNCIATION FOR SATELLITE VOICE COMMUNICATION CAPABILITY — EICAS		[ * ]
3161-000170		ANNUNCIATION FOR DATALINK AVAILABILITY — EICAS		[ * ]
3161A425A45		VMO/MMO OVERSPEED EICAS STATUS MESSAGE AND VFE OVERSPEED EICAS STATUS MESSAGE WITH FLAP/SLAT POSITION SNAPSHOT — FLIGHT DECK		[ * ]
3162-000022		FLIGHT DIRECTOR COMMAND DISPLAY — SPLIT AXIS — ADI		[ * ]
3162-000030		RISING RUNWAY — DISPLAYED ON THE ADI		[ * ]
3162-000036		LANDING ALTITUDE REFERENCE BAR — PRIMARY FLIGHT DISPLAY		[ * ]
3162-000040		BARO MINIMUMS POINTER — DISPLAYED ON SELECTION OF RADIO ALTITUDE MINMUMS — PRIMARY FLIGHT DISPLAY		[ * ]
3162-000044		TCAS RESOLUTION ADVISORY — VSI		[ * ]
3162-000051		ILS LOCALIZER DEVIATION EXPANDED SCALE — AUTOPILOT OR FLIGHT DIRECTOR MODE		[ * ]
3162-000060		MAP MODE ORIENTATION — HEADING UP — NAVIGATION DISPLAY		[ * ]
3162-000062		GRID HEADING — NAVIGATION DISPLAY		[ * ]
3162-000064		RANGE ARCS — NAVIGATION DISPLAY		[ * ]
3162-000084		TCAS 3 NM RANGE RING — NAVIGATION DISPLAY		[ * ]
3162-000211		VREF AND SELECTED FLAP POSITION — PRIMARY FLIGHT DISPLAY		[ * ]
3162-000218		GROUND SPEED — DISPLAYED BELOW AIRSPEED TAPE WHEN MACH NUMBER IS NOT DISPLAYED — PRIMARY FLIGHT DISPLAY		[ * ]
3162C594A07		NAVIGATION PERFORMANCE SCALES (NPS) AND REQUIRED NAVIGATION PERFORMANCE (RNP) ENHANCEMENTS — AIRPLANE INFORMATION MANAGEMENT SYSTEM (AIMS) — PRIMARY FLIGHT DISPLAY AND NAVIGATION DISPLAY		[ * ]
3162C594A22		PRIMARY FLIGHT DISPLAY — AIMS — VNAV SPEED BAND — ENABLE		[ * ]
3245B047A08		BRAKES — CARBON — HIGH CAPACITY — XXXXXXX — BUGATTI		[ * ]
3245B047A09		WHEELS AND TIRES — MAIN LANDING GEAR — HIGH GROSS WEIGHT WHEELS — XXXXXXX — BUGATTI — INSTALLATION WITH SFE 36 PR, 235 MPH RADIAL TIRES.		[ * ]
3245B047A10		WHEELS AND TIRES — NOSE LANDING GEAR — WHEELS — XXXXXXX — BUGATTI — INSTALLATION WITH SFE 32 PR, 235 MPH RADIAL TIRES		[ * ]
3324C198A28		PASSENGER INFORMATION SIGNS — NO SMOKING SIGN — PERMANENT ILLUMINATION AND NO SMOKING FLIGHT DECK SELECTOR SWITCH REMOVAL		[ * ]
3430B721B13		ILS/GPS MULTI-MODE RECEIVER (MMR) — GNSS LANDING SYSTEM (GLS) — PARTIAL PROVISIONS FOR GLS CAT I OPERATIONS		[ * ]
3430B866A33		ILS/GPS MULTI-MODE RECEIVER (MMR) — XXXXXXXX XXXXXXX — P/N 000-0000-000 — BFE/SPE		[ * ]
3433-000032		RADIO ALTIMETER (RA) — ROCKWELL INTERNATIONAL CORP — P/N 000-0000-000 - BFE/SPE		[ * ]
3436C896A17		HEAD-UP DISPLAY (HUD) — SPACE AND PARTIAL WIRING PROVISIONS FOR COMMON HUD SYSTEM INSTALLATION WITH CONTROL DISPLAY UNIT INTERFACE		[ * ]
3436C896A18		ENHANCED VISION SYSTEM (EVS) — SPACE AND PARTIAL WIRING PROVISIONS WITH A COMMON HUD SYSTEM PROVISIONS		[ * ]
3436C896A19		FEDEX — HEAD UP DISPLAY (HUD) SYSTEM — EXPANDED WIRING, MOUNTING AND COOLING PROVISIONS FOR HUD COMPUTER AND ENHANCED FLIGHT VISION SYSTEM (EFVS) COMPUTER		[ * ]
3443C739A02		DUAL WEATHER RADAR SYSTEM — HONEYWELL INTERNATIONAL INC. — MODEL RDR-4000 WEATHER RADAR — INSTALLATION — BFE/SPE		[ * ]
3443C739A03		DUAL WEATHER RADAR CONTROL PANEL — RDR-4000 RADAR SYSTEM — HONEYWELL P/N 000-0000-000 — BFE/SPE		[ * ]
3445C594A55		TCAS SYSTEM — ACSS TCAS COMPUTER P/N 9003500-10901 — TCAS CHANGE 7 COMPLIANT — BFE/SPE		[ * ]

Supplemental Agreement No. 3 Page 3 of 5

Exhibit A to
Purchase Agreement No. 3157

				2006$
				15 A/P’S
				Price
CR		Title		Per A/C
3446-000049		500 SMART CALLOUT INHIBITED		[ * ]
3446C174A14		ENHANCED GROUND PROXIMITY WARNING SYSTEM (EGPWS) — BANK ANGLE CALLOUT (VARIABLE CALLOUT BELOW 130 FT) — ENABLE		[ * ]
3446C608F25		GROUND PROXIMITY WARNING SYSTEM — MODE 6 ALTITUDE CALLOUTS — RADIO ALTIMETER AT 1000, 500, 100, 50, 40, 30, 20, 10 — ACTIVATION		[ * ]
3451-000022		VOR/MARKER BEACON — ROCKWELL RECEIVER P/N 000-0000-000 — BFE/SPE		[ * ]
3453C608E39		AUTOMATIC DEPENDENT SURVEILLANCE — BROADCAST (ADS-B) — ADS-B GUIDANCE DISPLAY — PARTIAL WIRING PROVISIONS		[ * ]
3453C608E55		AUTOMATIC DEPENDENT SURVEILLANCE — BROADCAST (ADS-B) — CDTI ARINC 429 BUS WIRING BETWEEN EFB AND TCAS PROCESSOR — PARTIAL WIRING PROVISIONS		[ * ]
3453C896A24		ATC SYSTEM — ACSS ATC TRANSPONDER P/N 7517800-11009 ELS/EHS/ES AND TCAS CHANGE 7 COMPLIANT — GABLES CONTROL PANEL P/N G7156-01 — BFE/SPE		[ * ]
3453C898E41		AIR TRAFFIC CONTROL TRANSPONDER SYSTEM — TRAFFIC COLLISION AND AVOIDANCE SYSTEM (TCAS) AIRPLANE PERSONALITY MODULE WIRING PROVISIONS		[ * ]
3455-000019		DISTANCE MEASURING EQUIPMENT (DME) — ROCKWELL INTERROGATOR P/N 000-0000-000 — BFE/SPE		[ * ]
3457-000214		AUTOMATIC DIRECTION FINDER (ADF) — DUAL SYSTEM — ROCKWELL ADF-900 SERIES — ADF RECEIVER P/N 000-0000-000; ADF ANTENNA P/N 000-0000-000 — BFE/SPE		[ * ]
3461A031A07		TAKE OFF 1 AND 2 DERATE PROMPTS IN FMC’S THRUST LIMIT PAGE — DELETE		[ * ]
3461A213A09		FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) — NON-DIRECTIONAL RADIO BEACON (ADF) APPROACHES		[ * ]
3461A213A10		FMCS — ENHANCED FIX PAGE CAPABILITIES		[ * ]
3461A213A12		FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) — DISPLAY OF VERTICAL BEARING, FLIGHT PATH ANGLE (FPA) AND VERTICAL SPEED		[ * ]
3461A425A05		FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) — RUNWAY DISTANCE AND OFFSET POSITION SHIFT IN UNITS OF FEET		[ * ]
3461A425A08		FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) — FLIGHT CREW ALERTNESS MONITORING — ENABLE		[ * ]
3461A425A10		FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) — NAVIGATION DATABASE — CUSTOMER SUPPLIED		[ * ]
3461A425A23		FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) — QUICK REFERENCE HANDBOOK (QRH) — TAKEOFF SPEEDS- DISPLAYED		[ * ]
3461C739A08		FMCS — PROVIDE REQUIRED NAVIGATION PERFORMANCE (RNP) VALUES WITH 0.3 NM APPROACH		[ * ]
3511-000012		REMOTE CREW OXYGEN FILL STATION		[ * ]
3511B873B93		CREW OXYGEN MASK — FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES — SECOND OBSERVER — EROS — BFE/SPE		[ * ]
3511B873B94		CREW OXYGEN MASK — FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES — FIRST OBSERVER — EROS — BFE/SPE		[ * ]
3511B873B95		CREW OXYGEN MASKS — FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES — CAPTAIN AND FIRST OFFICER — EROS — BFE/SPE		[ * ]
3511C874C91		SUPPLEMENTAL OXYGEN SYSTEM WITHIN CREW REST AND LAVATORY OF THE SUPERNUMERARY AREA		[ * ]
3520-000197		REMOTE PASSENGER OXYGEN FILL STATION		[ * ]
3520C485C02		QUICK DONNING OXYGEN MASKS — SUPERNUMERARY — BFE/SPE		[ * ]
3520C874H46		OXYGEN SYSTEM PROVISIONS TO SUPPORT EXTENDED OPERATIONAL CAPABILITY		[ * ]
4610B872A04		ELECTRONIC FLIGHT BAG (EFB) — INSTALLATION		[ * ]
4610C164A11		CUSTOMER UNIQUE ELECTRONIC FLIGHT BAG (EFB) SOFTWARE INSTALLATION — AFTER DELIVERY AND BEFORE FLYAWAY		[ * ]
4610C398C10		ELECTRONIC FLIGHT BAG (EFB) — CUSTOMER UNIQUE SOFTWARE INSTALLATION — CUSTOMER WALK AND CUSTOMER ACCEPTANCE FLIGHTS		[ * ]
4610C594A09		ELECTRONIC FLIGHT BAG (EFB) SYSTEM — AIRPLANE INFORMATION MANAGEMENT SYSTEM (AIMS) — ACTIVATION OF ARINC 724B ACARS INTERFACE		[ * ]
4610C608C41		ELECTRONIC FLIGHT BAG (EFB) INSTALLATION — E- ETHERNET INTERFACE BETWEEN FLIGHT COMPARTMENT PRINTER AND EFB’S RIGHT ELECTRONICS UNIT		[ * ]
4610C608E37		AIRPLANE GENERAL INFORMATION SYSTEMS — TWO ETHERNET 10/100 BASE-T BUSES BETWEEN MAIN EQUIPMENT CENTER AND SUPERNUMERARY OVERHEAD STOWAGE COMPARTMENT — PARTIAL WIRING PROVISIONS		[ * ]
4610C896A31		AIRPLANE GENERAL INFORMATION SYSTEMS — ONBOARD NETWORK SYSTEM (ONS) — PARTIAL PROVISIONS		[ * ]
4610C991B48		AIRPLANE GENERAL INFORMATION SYSTEMS — ONBOARD NETWORK SYSTEM (ONS) — NETWORK INTERFACE PARTIAL PROVISIONS — FLIGHT COMPARTMENT INTERFACE PORT		[ * ]

Supplemental Agreement No. 3 Page 4 of 5

Exhibit A to
Purchase Agreement No. 3157

				2006$
				15 A/P’S
				Price
CR		Title		Per A/C
4900-000016		MUFFLER IN APU EXHAUST SYSTEM		[ * ]
5250C896A20		LOCKABLE RIGID CARGO BARRIER (RCB) DOORS		[ * ]
7200-000412		GE PROPULSION SYSTEM		[ * ]
7200A519A02		GENERAL ELECTRIC ENGINES — GE90-110B1L THRUST RATING		[ * ]
7430C164D94		IGNITION SWITCHING — GENERAL ELECTRIC GE90 ENGINES — FLIGHT DECK — ENGINE CONTROL PANEL — DELETION OF MANUAL SELECTION OF CONTINUOUS IGNITION		[ * ]
7900C483C85		LUBRICATING OIL — BP2197		[ * ]
OPTIONS: 161		TOTALS:		[ * ]

Supplemental Agreement No. 3 Page 5 of 5

* Blank spaces contained confidential information which has been filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

Table 1 to
Purchase Agreement No. 3157
Aircraft Delivery, Description, Price and Advance Payments
purchase of 15 firm + 15 options

Airframe Model/MTOW:		777-Freighter				766000 pounds
Engine Model/Thrust:		GE90-110B1L				110100 pounds
Airframe Price:						$	231,629,000
Optional Features:						$	2,641,800
Sub-Total of Airframe and Features:						$	234,270,800
Engine Price (Per Aircraft):						$	0
Aircraft Basic Price (Excluding BFE/SPE):						$	234,270,800
Buyer Furnished Equipment (BFE) Estimate:						$	1,950,000
Seller Purchased Equipment (SPE) Estimate:						$	0
Refundable Deposit/Aircraft at Proposal Accept:						$	220,000
Detail Specification:		D019W007FED7F-1-NEW (10/21/2008)
Airframe Price Base Year/Escalation Formula:		Jul-06				ECI-MFG/CPI
Engine Price Base Year/Escalation Formula:			N/A				N/A
Airframe Escalation Data:
Base Year Index (ECI):			180.3
Base Year Index (CPI):			195.4

						Escalation				Escalation Estimate				Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery		Number of				Factor				Adv Payment Base				At Signing				24 Mos.				21/18/15/12/9/6 Mos.				Total
Date		Aircraft				(Airframe)				Price Per A/P				1%				4%				5%				35%
Jul-2009			1				1.0845			$	254,067,000			$	2,320,670			$	10,162,680			$	12,703,350			$	88,923,450
Sep-2009			1				1.0896			$	255,261,000			$	2,332,610			$	10,210,440			$	12,763,050			$	89,341,350
Oct-2009			1				1.0918			$	255,777,000			$	2,337,770			$	10,231,080			$	12,788,850			$	89,521,950
Feb-2010			1				1.1037			$	258,565,000			$	2,365,650			$	10,342,600			$	12,928,250			$	90,497,750
Jul-2010			1				1.1158			$	261,399,000			$	2,393,990			$	10,455,960			$	13,069,950			$	91,489,650
Aug-2010			1				1.1189			$	262,126,000			$	2,401,260			$	10,485,040			$	13,106,300			$	91,744,100
Sep-2010			2				1.121			$	262,618,000			$	2,406,180			$	10,504,720			$	13,130,900			$	91,916,300
Jun-2011			1				1.1456			$	268,381,000			$	2,463,810			$	10,735,240			$	13,419,050			$	93,933,350
Jul-2011			2				1.1482			$	268,990,000			$	2,469,900			$	10,759,600			$	13,449,500			$	94,146,500
Feb-2012			2				1.168			$	273,628,000			$	2,516,280			$	10,945,120			$	13,681,400			$	95,769,800
Jul-2012			2				1.1821			$	276,932,000			$	2,549,320			$	11,077,280			$	13,846,600			$	96,926,200

FED				Supplemental Agreement No. 3
				Page 1

Attachment to
Letter 6-1162-RCN-1789
Option Aircraft Delivery, Description, Price and Advance Payments
purchase of 15 firm + 15 options

Airframe Model/MTOW:		777-Freighter				766000 pounds
Engine Model/Thrust:		GE90-110B1L				110100 pounds
Airframe Price:						$	231,629,000
Optional Features:						$	2,444,300
Sub-Total of Airframe and Features:						$	234,073,300
Engine Price (Per Aircraft):						$	0
Aircraft Basic Price (Excluding BFE/SPE):						$	234,073,300
Buyer Furnished Equipment (BFE) Estimate:						$	1,950,000
Seller Purchased Equipment (SPE) Estimate:						$	0
(1) Non-Refundable Deposit/Aircraft at Def Agreemt:						$	1,850,000
Detail Specification:		D019W007FED7F-1-NEW (10/21/2008)
Airframe Price Base Year/Escalation Formula:		Jul-06				ECI-MFG/CPI
Engine Price Base Year/Escalation Formula:			N/A				N/A
Airframe Escalation Data:
Base Year Index (ECI):			180.3
Base Year Index (CPI):			195.4

						Escalation				Escalation Estimate				Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery		Number of				Factor				Adv Payment Base				At Signing				24 Mos.				21/18/15/12/9/6 Mos.				Total
Date		Aircraft				(Airframe)				Price Per A/P				1%				4%				5%				35%
Aug-2012			1				1.1847			$	277,307,000			$	923,070			$	11,092,280			$	13,865,350			$	97,057,450
Nov-2012			1				1.1914			$	278,875,000			$	938,750			$	11,155,000			$	13,943,750			$	97,606,250
Feb-2013			2				1.2034			$	281,684,000			$	966,840			$	11,267,360			$	14,084,200			$	98,589,400
May-2013			1				1.2117			$	283,627,000			$	986,270			$	11,345,080			$	14,181,350			$	99,269,450
Aug-2013			1				1.2197			$	285,499,000			$	1,004,990			$	11,419,960			$	14,274,950			$	99,924,650
Nov-2013			2				1.2268			$	287,161,000			$	1,021,610			$	11,486,440			$	14,358,050			$	100,506,350
Feb-2014			2				1.238			$	289,783,000			$	1,047,830			$	11,591,320			$	14,489,150			$	101,424,050
May-2014			1				1.2467			$	291,819,000			$	1,068,190			$	11,672,760			$	14,590,950			$	102,136,650
Aug-2014			1				1.2546			$	293,668,000			$	1,086,680			$	11,746,720			$	14,683,400			$	102,783,800
Nov-2014			1				1.2619			$	295,377,000			$	1,103,770			$	11,815,080			$	14,768,850			$	103,381,950
Feb-2015			1				1.2733			$	298,046,000			$	1,130,460			$	11,921,840			$	14,902,300			$	104,316,100
May-2015			1				1.2833			$	300,386,000			$	1,153,860			$	12,015,440			$	15,019,300			$	105,135,100

Note: 1) Per Article 3.1 of Letter No. 6-1162-RCN-1789; “If Customer does not exercise an option, Boeing will refund the Deposit for the respective Option Aircraft to Customer in the form of a credit memorandum which may only be used to purchase Boeing goods and services.

Supplemental Agreement No. 3

Page 2