Amendment No. 1 to the Amended and Restated Airbus A350 XWB Purchase Agreement dated as of October 2, 2007 between AIRBUS S.A.S. and US AIRWAYS, INC.

Exhibit 10.23

Amendment No. 1

to the

Amended and Restated Airbus A350 XWB Purchase Agreement

dated as of October 2, 2007

between

AIRBUS S.A.S.

and

US AIRWAYS, INC.

This Amendment No. 1 to the Amended and Restated Airbus A350 XWB Purchase Agreement between Airbus S.A.S. and US Airways, Inc., (this “Amendment”) is entered into as of October 20, 2008 by and between Airbus S.A.S., a société par actions simplifiée, 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 (the “Seller”), and US Airways, 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 000 Xxxx Xxx Xxxxxx Xxxxxxx, Xxxxx, Xxxxxxx 00000, X.X.X. (the “Buyer”);

WITNESSETH:

WHEREAS, the Buyer and the Seller entered into an Amended and Restated Airbus A350 XWB Purchase Agreement, dated as of October 2, 2007, relating to the sale by the Seller and the purchase by the Buyer of certain Airbus A350 XWB model aircraft, which, together with all Exhibits, Appendices and Letter Agreements attached thereto, is hereinafter called the “Agreement.”

WHEREAS, the Seller has proposed to the Buyer that in exchange for the agreement of the Buyer to amend, among other things, certain provisions of the Aggregate Agreements (as hereinafter defined) **;

WHEREAS, the amendments referred to above are set forth in this Amendment by and between the Seller and the Buyer, dated as of even date herewith (“Amendment No. 1”), the Amended and Restated Letter Agreement No. 3 to the Agreement, dated as of even date herewith (“Amended and Restated Letter Agreement No. 3”), the Amended and Restated Letter Agreement No. 5 to the Agreement, dated as of even date herewith (“Amended and Restated Letter Agreement No. 5”) and the Amended and Restated Letter Agreement No. 9 to the Agreement, dated as of even date herewith (“Amended and Restated Letter Agreement No. 9”);

WHEREAS, the Buyer is willing to enter into (A) this Amendment, Amended and Restated Letter Agreement No. 3, Amended and Restated Letter Agreement No. 5 and Amended and Restated Letter Agreement No. 9, (B) Amendment No. 2 to the Airbus A330 Purchase Agreement dated as of even date herewith, (C) Amendment No. 2 to the Amended and Restated Airbus A320 Family Aircraft Purchase Agreement dated as of even date herewith, (D)** and (E)** (collectively the “Aggregate Agreements”)**;

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WHEREAS, the Buyer and the Seller agree and acknowledge that such amendments ** are an adjustment to the commercial terms set forth in the Agreement and are not intended to be**;

WHEREAS the Buyer and the Seller agree and acknowledge that such amendments to the commercial terms set forth in the Agreement are intended**; and

WHEREAS, the Buyer and the Seller acknowledge that immediately upon execution of this Amendment, concurrently with the execution of the above referenced amendments, the Seller will**;

NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

Capitalized terms used herein and not otherwise defined in this Amendment 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.

1. DELIVERY

The delivery schedule set forth in Clause 9.1.1 of the Agreement is hereby deleted and restated to read in its entirety as follows:

QUOTE

9.1.1 **, the Seller will have the Aircraft Ready for Delivery at the Delivery Location within the following months (each a “Scheduled Delivery Month”).

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Year		CAC ID Number				Aircraft		Scheduled Delivery Month
2015			**			**		**
2016			**			**		**
2017			**			**		**
2018			**			**		**
TOTAL			22

UNQUOTE

2. **

Letter Agreement No. 3 is terminated in its entirety and replaced by the Amended and Restated Letter No. 3 attached hereto.

3. **

Letter Agreement No. 5 is terminated in its entirety and replaced by the Amended and Restated Letter No. 5 attached hereto.

4. PRODUCT SUPPORT

In Paragraph 18 of Letter Agreement No. 7 the word “**” is deleted and replaced with “**”.

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5. PERFORMANCE GUARANTEES

**

6. PERFORMANCE RETENTION GUARANTEE

Appendix B to Letter Agreement No. 12 is deleted in its entirety and replaced with Appendix B attached hereto as Exhibit A.

7. MISCELLANEOUS TERMS

7.1 Letter Agreement No. 9 is terminated in its entirety and replaced by the Amended and Restated Letter No. 9 attached hereto.
7.2		In Clause 1.1.1 of Letter Agreement No. 2, the following is deleted:

QUOTE

**

UNQUOTE

and replaced with the following quoted text:

QUOTE

**

UNQUOTE

8. **

Letter Agreement No. 10 is hereby terminated.

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9. **

9.1		The second sentence in Paragraph 1 of Letter Agreement No. 14 is deleted and replaced with the following:
		QUOTE
		**
		UNQUOTE

9.2		In Paragraph 3.1 of Letter Agreement No. 14 ** is deleted and replaced with “**”.
9.3		**
9.4		**
10.		**

In addition to Seller’s other rights and remedies, **.

11. ASSET COVENANTS

The following is inserted into the Agreement after Clause 22.13:

QUOTE

	22.14			Asset Covenants
	22.14.1			The Buyer shall not sell, transfer, convey, assign or otherwise dispose of any of its properties or other assets or operated Airbus aircraft to the extent any such disposition (k) materially impairs the business or operations of the Buyer, (ii) materially changes the nature of the Buyer’s business, (iii) constitutes a disposition of a substantial portion of the Buyer’s assets or (iv) constitutes a disposition of a substantial portion of the Buyer’s Airbus aircraft fleet in-service as of the date hereof.
	22.14.2			Minimum Unrestricted Cash. The Buyer will not permit the aggregate amount of Unrestricted Cash (as hereinafter defined) to be less than required in the Citi Loan Agreement from time to time or any successor agreement or facility thereof,**.
				“Unrestricted Cash” means cash and Cash Equivalents (as hereinafter defined) of the Buyer, its parent and affiliates that (i) may be classified, in accordance with GAAP, as “unrestricted” on the consolidated balance sheets of the Buyer’s parent or (ii) may be qualified, in accordance with GAAP, as “restricted” on the consolidated balance sheets of the Buyer’s parent solely in favor of the administrative agent and any lenders pursuant to the Citi Loan Agreement and the related loan documents (or any amendment, replacement or refinancing thereof).
				“Cash Equivalents” means, as at any date of determination, (i) marketable securities (a) issued or directly and unconditionally guaranteed as to interest and principal by the United States government or (b) issued by any agency or instrumentality of the United

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States the obligations of which are backed by the full faith and credit of the United States, in each case maturing within one year after such date; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, the highest rating obtainable from either S&P or Xxxxx’x; (iii) commercial paper not issued by the Buyer’s parent maturing no more than one year after such date and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2 from Xxxxx’x; (iv) certificates of deposit or bankers’ acceptances maturing within one year after such date and issued or accepted by any Eligible Lender (as hereinafter defined) or by any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia that (a) is at least “adequately capitalized” (as defined in the regulations of its primary Federal banking regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than $500,000,000 (US dollars – five hundred million); (v) shares of any money market mutual fund that (a) has at least 95% of its assets invested continuously in the types of investments referred to in clauses (i) and (ii) above, (b) has net assets of not less than $500,000,000 (US dollars – five hundred million), and (c) has the highest rating obtainable from either S&P or Xxxxx’x; (vi) auction rate securities that have the highest rating obtainable from either S&P or Xxxxx’x and with a maximum reset date at least every 30 days and (vii) investments made pursuant to the investment portfolio guidelines from time to time adopted by the board of directors of the Buyer’s parent or any committee thereof.

“Eligible Lender” means (i) so long as any loans or obligations under the Citi Loan Agreement remain outstanding, any “Eligible Lender” as defined in the Citi Loan Agreement and (ii) thereafter, (a) a commercial bank having total assets whose Dollar equivalent exceeds $5,000,000,000 (US dollars – five billion), (b) a finance company, insurance company or any other financial institution or fund, in each case reasonably acceptable to the Seller and regularly engaged in making, purchase or investing in loans and having a net worth determined in accordance with GAAP, whose Dollar equivalent exceeds $250,000,000 (US dollars – two hundred fifty million) (or, to the extent net worth is less than such amount, a finance company, insurance company, other financial institution or fund, reasonably acceptable to the Seller and the Buyer) or (c) a savings and loan association or saving bank organized under the laws of the United States or any State thereof having a net worth, determined in accordance with GAAP, whose Dollar equivalent exceeds $250,000,000 (US dollars – two hundred fifty million); provided, however, that the following entities shall not be deemed to be an “Eligible Lender”: (a) an airline, a commercial aircraft operator, an air freight forwarder or an entity principally engaged in the business of parcel transport by air or (b) an affiliate of any entity described in clause (a) above.

“GAAP” means generally accepted accounting principles in the United States, as in effect from time to time as set forth in opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of Financial Accounting Savings Board approved by a significant segment of the accounting profession in the United States.

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“Citi Loan Agreement” means the Loan Agreement, dated as of March 23, 2007, among Buyer’s parent, certain subsidiaries of the Buyer’s parent, the lenders from time to time party thereto and Citicorp North America, Inc., as administrative agent.

UNQUOTE

12. EFFECT OF AMENDMENT

12.1		Upon execution, Amendment will constitute a valid amendment to the Agreement and the Agreement will be deemed to be 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.
12.2		Both parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement, that the provisions of the Agreement are hereby incorporated herein by reference, and that this Amendment will be governed by the provisions of the Agreement, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.

13.		CONFIDENTIALITY
		This Amendment is subject to the confidentiality provisions set forth in Clause 22.7 of the Agreement.

14.		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.

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IN WITNESS WHEREOF, these presents were entered into as of the day and year first above written.

US AIRWAYS, INC.		AIRBUS S.A.S.
By: /s/ Xxxxxx X. Xxxx		By: /s/ Xxxx X. Xxxxx
Its: Vice President and Treasurer		Its: Chief Operating Officer        Customers

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EXHIBIT A

APPENDIX B TO LETTER AGREEMENT NO. 12

Planning for the delivery of the A350-800/Trent XWB 75,000 lb aircraft:

Scheduled Delivery Quarter		Year		Quantity
**		**		**
**		**		**
**		**		**
**		**		**
**		**		**
**		**		**
**		**		**
**		**		**
**		**		**
**		**		**
Total				22

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AMENDED AND RESTATED
LETTER AGREEMENT NO. 3
TO THE AMENDED AND RESTATED AIRBUS A350 XWB PURCHASE AGREEMENT
Dated as of October 2, 2007

As of October 20, 2008

US Airways, Inc.
000 Xxxx Xxx Xxxxxx Xxxxxxx
Xxxxx, Xxxxxxx 00000

Re: **

Ladies and Gentlemen,

US Airways, Inc. (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an Amended and Restated A350 XWB Purchase Agreement dated as of October 2, 2007, as amended by Amendment No. 1 dated as of even date herewith (the “Agreement”) which covers, among other things, the sale by the Seller and the purchase by the Buyer of certain Aircraft, under the terms and conditions set forth in said Agreement. The Buyer and the Seller have agreed to set forth in this Amended and Restated Letter Agreement No. 3 (the “Letter Agreement”) certain additional terms and conditions regarding the sale of the Aircraft.

Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement. The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

The parties agree that this Letter Agreement will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions that are inconsistent, the specific provisions contained in this Letter Agreement will govern.

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		**
4.		ASSIGNMENT
		Except as set forth in Clause 20.2 of the Agreement, this Letter Agreement and the rights and obligations of the Buyer hereunder will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this Letter Agreement will be void and of no force or effect.
5.		COUNTERPARTS
		This Letter Agreement 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.

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If the foregoing correctly sets forth your understanding, please sign two (2) counterparts hereof in the space provided below and return one (1) such counterpart to the Seller.

US AIRWAYS, INC.						AIRBUS S.A.S.
By:		/s/ Xxxxxx X. Xxxx				By:		/s/ Xxxx X. Xxxxx
Name:  Xxxxxx X. Xxxx						Name:  Xxxx X. Xxxxx
Title: Vice President and Treasurer						Title: Chief Operating Officer              Customers

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AMENDED AND RESTATED
LETTER AGREEMENT NO. 5
TO AMENDED AND RESTATED AIRBUS A350 XWB PURCHASE AGREEMENT
Dated as of October 2, 2007

As of October 20, 2008

US Airways, Inc.
000 Xxxx Xxx Xxxxxx Xxxxxxx
Xxxxx, Xxxxxxx 00000

Re: **

Ladies and Gentlemen,

US Airways, Inc. (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an Amended and Restated A350 XWB Purchase Agreement dated as of October 2, 2007, as amended by Amendment No. 1 dated as of even date herewith, (the “Agreement”) which covers, among other things, the sale by the Seller and the purchase by the Buyer of certain Aircraft, under the terms and conditions set forth in said Agreement. The Buyer and the Seller have agreed to set forth in this Amended and Restated Letter Agreement No. 5 (the “Letter Agreement”) certain additional terms and conditions regarding the sale of the Aircraft.

Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement. The terms “herein,” “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

The parties agree that this Letter Agreement will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions that are inconsistent, the specific provisions contained in this Letter Agreement will govern.

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**

3.		ASSIGNMENT
		Except as set forth in Clause 20.2 of the Agreement, this Letter Agreement and the rights and obligations of the Buyer hereunder will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this Letter Agreement will be void and of no force or effect.
4.		COUNTERPARTS
		This Letter Agreement 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.

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If the foregoing correctly sets forth your understanding, please sign two (2) counterparts hereof in the space provided below and return one (1) such counterpart to the Seller.

	US AIRWAYS, INC.				AIRBUS S.A.S.
	By:		/s/ Xxxxxx X. Xxxx		By:		/s/ Xxxx X. Xxxxx
	Name:		Xxxxxx X. Xxxx		Name:		Xxxx X. Xxxxx
	Title:		Vice President and Treasurer		Title:		Chief Operating Officer Customers

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AMENDED AND RESTATED
LETTER AGREEMENT NO. 9
TO AMENDED AND RESTATED AIRBUS A350 XWB AIRCRAFT PURCHASE AGREEMENT
Dated as of October 2, 2007

As of October 20, 2008

US Airways, Inc.
000 Xxxx Xxx Xxxxxx Xxxxxxx
Xxxxx, Xxxxxxx 00000

Re: MISCELLANEOUS

Ladies and Gentlemen,

US Airways, Inc. (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an Amended and Restated A350 XWB Purchase Agreement dated as of October 2, 2007, as amended by Amendment No. 1 dated as of even date herewith, (the “Agreement”), which covers, among other things, the sale by the Seller and the purchase by the Buyer of certain Aircraft, under the terms and conditions set forth in said Agreement. The Buyer and the Seller have agreed to set forth in this Amended and Restated Letter Agreement No. 9 (the “Letter Agreement”) certain additional terms and conditions regarding the sale of the Aircraft.

Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement. The terms “herein,” “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

The parties agree that this Letter Agreement will constitute an integral, non-severable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement will govern.

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1. LEASED AIRCRAFT

**

2. EXCUSABLE DELAY AND TOTAL LOSS

     **

3.		TERMINATION
3.1		**
3.2		Paragraph 21.2(1)(i) of the Agreement is amended to read as follows between the “QUOTE” and “UNQUOTE”

   QUOTE
   **
   UNQUOTE

3.3 Clause 21.2 (2) (A) of the Agreement is hereby superseded and replaced by the following text between the “QUOTE” and “UNQUOTE”:

   QUOTE

   **

   UNQUOTE

4. ASSIGNMENT

Except as set forth in Clause 20.2 of the Agreement, this Letter Agreement and the rights and obligations of the Buyer hereunder will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this Paragraph 4 will be void and of no force or effect.

5. COUNTERPARTS

This Letter Agreement 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.

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If the foregoing correctly sets forth your understanding, please sign two (2) counterparts hereof in the space provided below and return one (1) such counterpart to the Seller.

US AIRWAYS, INC.								AIRBUS S.A.S.
By:		/s/ Xxxxxx X. Xxxx						By:		/s/ Xxxx X. Xxxxx
Name:		Xxxxxx X. Xxxx						Name:		Xxxx X. Xxxxx
Title:		Vice President and Treasurer						Title:		Chief Operating Officer Customers

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