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Exhibit 10.8
[Logo of International Aero Engines]
IAE
Building
000 Xxxx Xxxxxx
Xxxx Xxxxxxxx, XX 00000 XXX
10 February 2003
JetBlue
Airways Corporation
00 Xxx Xxxxx Xxxxxxx Xxxxx, Xxxxx 00
Xxxxxx, Xxxxxxxxxxx 00000
Attention: Vice President and Treasurer
| Subject: | Side letter No. 11 to the V2500 General Terms of Sale Agreement between JetBlue Airways Corporation and IAE International Acro Engines AG dated May 4, 1999 |
Dear Xxx:
We refer to the V2500 General Terms of Sale Agreement between JetBlue Airways Corporation ("JetBlue") and IAE International Aero Engines AG ("IAE") dated May 4, 1999 (the "Agreement"). Capitalized terms used herein which are not otherwise defined shall have the same meaning as those given to them in the Agreement.
This Side Letter No. 11 describes the addition of [***] firm V2527-A5 powered A320 Aircraft to the Aircraft committed to by JetBlue under the Agreement prior to this Side Letter (the "[***] Aircraft") and provides JetBlue with certain scheduling flexibility with regard to existing Aircraft (such [***] Aircraft, together with the existing Aircraft, are hereinafter referred to in this Agreement as the "Aircraft").
1. |
Fleet Expansion Assistance for the [***] Aircraft |
|||
a. |
IAE agrees to provide JetBlue a fleet expansion credit for each of the [***] Aircraft, bearing Rank Numbers [***] and [***] in the delivery schedule attached as Exhibit B-1, as set forth in Section 2 of Side Letter No. 9 to the Agreement, dated December 31, 2001. Such credit shall be provided to JetBlue in accordance with the terms and conditions set forth in the said Section of Side Letter No. 9 to the Agreement. |
|||
b. |
IAE also agrees to provide additional [***] support to JetBlue with respect to [***] Firm First Deal Aircraft, bearing Rank Numbers [***] in the delivery schedule attached as Exhibit A-2 hereto (the "[***] Third Deal Aircraft"). Such additional support shall be in the form of [***], as calculated pursuant to Section 3 of Side Letter No. 9 to the Agreement, except that such [***] shall be [***] of each [***] Third Deal Aircraft. |
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| |
|
|
|---|---|---|
| [***] | Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. |
IAE PROPRIETARY INFORMATION
February 2003
Page 1 of 7
Exhibits X-0, X-0 and B-1 to the Contract are removed in their entirety and replaced by new Exhibits X-0, X-0 and B-1 attached hereto.
Except as expressly amended by this Side Letter No. 11 all provisions of the Contract remain in full force and effect.
| Very truly yours, IAE International Aero Engines AG |
Agreed to and Accepted on behalf of: JetBlue Airways Corporation |
|
/s/ XXXXX XXXXXXX |
/s/ XXXXXX XXXXXXXX |
|
| Name | Name | |
Senior Vice President |
Vice President |
|
| Title | Title | |
10 Feb 03 |
2/10/03 |
|
| Date | Date |
IAE PROPRIETARY INFORMATION
February 2003
Page 2 of 7
EXHIBIT A-1
FIRM AIRCRAFT ELIGIBLE FOR APPLICATION OF [***]
[***]
As of February 2003
| Rank No. |
Aircraft |
Delivery |
||
|---|---|---|---|---|
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2004 |
| |
|
|
|---|---|---|
| [***] | Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. |
IAE PROPRIETARY INFORMATION
February 2003
Page 3 of 7
EXHIBIT A-2
FIRM AIRCRAFT ELIGIBLE FOR APPLICATION OF [***]
[***]
As of February 2003
| Rank No. |
Aircraft |
Delivery |
||
|---|---|---|---|---|
| No. [***] | Firm Aircraft | [***] 2002 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 | ||
| No. [***] | Firm Aircraft | [***] 2003 |
| |
|
|
|---|---|---|
| [***] | Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. |
IAE PROPRIETARY INFORMATION
February 2003
Page 4 of 7
EXHIBIT B-1
AIRCRAFT DELIVERY SCHEDULES
As of February 2003
| Rank No. |
Aircraft |
Delivery |
||
|---|---|---|---|---|
| No. 1 | Firm Aircraft | [****] 2000 | ||
| No. 2 | Firm Aircraft | [****] 2000 | ||
| No. 3 | Firm Aircraft | [****] 2000 | ||
| No. 4 | Firm Aircraft | [****] 2000 | ||
| No. 5 | Firm Aircraft | [****] 2000 | ||
| No. 6 | Firm Aircraft | [****] 2000 | ||
| No. 7 | Firm Aircraft | [****] 2001 | ||
| No. 8 | Firm Aircraft | [****] 2001 | ||
| No. 9 | Firm Aircraft | [****] 2001 | ||
| No. 10 | Firm Aircraft | [****] 2001 | ||
| No. 11 | Firm Aircraft | [****] 2001 | ||
| No. 12 | Firm Aircraft | [****] 2001 | ||
| No. 13 | Firm Aircraft | [****] 2001 | ||
| No. 14 | Firm Aircraft | [****] 2002 | ||
| No. 15 | Firm Aircraft | [****] 2002 | ||
| No. 16 | Firm Aircraft | [****] 2002 | ||
| No. 17 | Firm Aircraft | [****] 2002 | ||
| No. 18 | Firm Aircraft* | [****] 2002 | ||
| No. 19 | Firm Aircraft | [****] 2002 | ||
| No. 20 | Firm Aircraft | [****] 2002 | ||
| No. 21 | Firm Aircraft | [****] 2002 | ||
| No. 22 | Firm Aircraft | [****] 2002 | ||
| No. 23 | Firm Aircraft** | [****] 2002 | ||
| No. 24 | Firm Aircraft | [****] 2002 | ||
| No. 25 | Firm Aircraft | [****] 2002 | ||
| No. 26 | Firm Aircraft*** | [****] 2002 | ||
| No. 27 | Firm Aircraft | [****] 2002 | ||
| No. 28 | Firm Aircraft** | [****] 2002 | ||
| No. 29 | Firm Aircraft | [****] 2003 | ||
| No. 30 | Firm Aircraft** | [****] 2003 | ||
| No. 31 | Firm Aircraft | [****] 2003 | ||
| No. 32 | Firm Aircraft** | [****] 2003 | ||
| No. 33 | Firm Aircraft*** | [****] 2003 | ||
| No. 34 | Firm Aircraft | [****] 2003 | ||
| No. 35 | Firm Aircraft** | [****] 2003 | ||
| No. 36 | Firm Aircraft | [****] 2003 | ||
| No. 37 | Firm Aircraft | [****] 2003 | ||
| No. 38 | Firm Aircraft | [****] 2003 | ||
| No. 39 | Firm Aircraft | [****] 2003 |
| |
|
|
|---|---|---|
| [****] | Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. |
IAE PROPRIETARY INFORMATION
February 2003
Page 5 of 7
| Rank No. |
Aircraft |
Delivery |
||
|---|---|---|---|---|
| No. 40 | Firm Aircraft | [****] 2003 | ||
| No. 41 | Firm Aircraft*** | [****] 2003 | ||
| No. 42 | Firm Aircraft*** | [****] 2003 | ||
| No. 43 | Firm Aircraft** | [****] 2003 | ||
| No. 44 | Firm Aircraft | [****] 2004 | ||
| No. 45 | Firm Aircraft** | [****] 2004 | ||
| No. 46 | Firm Aircraft* | [****] 2004 | ||
| No. 47 | Firm Aircraft* | [****] 2004 | ||
| No. 48 | Firm Aircraft** | [****] 2004 | ||
| No. 49 | Firm Aircraft* | [****] 2004 | ||
| No. 50 | Firm Aircraft* | [****] 2004 | ||
| No. 51 | Firm Aircraft* | [****] 2004 | ||
| No. 52 | Firm Aircraft* | [****] 2004 | ||
| No. 53 | Firm Aircraft* | [****] 2004 | ||
| No. 54 | Firm Aircraft* | [****] 2004 | ||
| No. 55 | Firm Aircraft* | [****] 2004 | ||
| No. 56 | Firm Aircraft* | [****] 2004 | ||
| No. 57 | Firm Aircraft* | [****] 2005 | ||
| No. 58 | Firm Aircraft* | [****] 2005 | ||
| No. 59 | Firm Aircraft* | [****] 2005 | ||
| No. 60 | Firm Aircraft* | [****] 2005 | ||
| No. 61 | Firm Aircraft* | [****] 2005 | ||
| No. 62 | Firm Aircraft* | [****] 2005 | ||
| No. 63 | Firm Aircraft* | [****] 2005 | ||
| No. 64 | Firm Aircraft* | [****] 2005 | ||
| No. 65 | Firm Aircraft* | [****] 2005 | ||
| No. 66 | Firm Aircraft* | [****] 2005 | ||
| No. 67 | Firm Aircraft** | [****] 2005 | ||
| No. 68 | Firm Aircraft** | [****] 2005 | ||
| No. 69 | Firm Aircraft* | [****] 2006 | ||
| No. 70 | Firm Aircraft* | [****] 2006 | ||
| No. 71 | Firm Aircraft* | [****] 2006 | ||
| No. 72 | Firm Aircraft* | [****] 2006 | ||
| No. 73 | Firm Aircraft* | [****] 2006 | ||
| No. 74 | Firm Aircraft* | [****] 2007 | ||
| No. 75 | Firm Aircraft* | [****] 2007 | ||
| No. 76 | Firm Aircraft* | [****] 2007 | ||
| No. 77 | Firm Aircraft* | [****] 2007 | ||
| No. 78 | Firm Aircraft* | [****] 2007 |
| |
|
|
|---|---|---|
| * | Firm Second Deal Aircraft | |
| ** | Firm Third Deal Aircraft | |
| *** | [****] Third Deal Aircraft | |
| [****] | Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. |
IAE PROPRIETARY INFORMATION
February 2003
Page 6 of 7
| Rank No. |
Aircraft |
Delivery |
||
|---|---|---|---|---|
| Option Aircraft | ||||
| No. 79 | Option Aircraft | [***] 2004 | ||
| No. 80 | Option Aircraft | [***] 2005 | ||
| No. 81 | Option Aircraft | [***] 2005 | ||
| No. 82 | Option Aircraft | [***] 2006 | ||
| No. 83 | Option Aircraft | [***] 2006 | ||
| No. 84 | Option Aircraft | [***] 2006 | ||
| No. 85 | Option Aircraft | [***] 2006 | ||
| No. 86 | Option Aircraft | [***] 2006 | ||
| No. 87 | Option Aircraft | [***] 2006 | ||
| No. 88 | Option Aircraft | [***] 2006 | ||
| No. 89 | Option Aircraft | [***] 2007 | ||
| No. 90 | Option Aircraft | [***] 2007 | ||
| No. 91 | Option Aircraft | [***] 2007 | ||
| No. 92 | Option Aircraft | [***] 2007 | ||
| No. 93 | Option Aircraft | [***] 2007 | ||
| No. 94 | Option Aircraft | [***] 2007 | ||
| No. 95 | Option Aircraft | [***] 2007 | ||
| No. 96 | Option Aircraft | [***] 2008 | ||
| No. 97 | Option Aircraft | [***] 2008 | ||
| No. 98 | Option Aircraft | [***] 2008 | ||
| No. 99 | Option Aircraft | [***] 2008 | ||
| No. 100 | Option Aircraft | [***] 2008 | ||
| No. 101 | Option Aircraft | [***] 2008 | ||
| No. 102 | Option Aircraft | [***] 2008 | ||
| No. 103 | Option Aircraft | [***] 2008 | ||
| No. 104 | Option Aircraft | [***] 2008 | ||
Under the terms of its purchase agreement with Airbus for the Aircraft, JetBlue has the right to receive delivery positions for Purchase Right Aircraft (also referred to as Reserve Option Aircraft hereunder) equal to the number of Option Aircraft as to which JetBlue has exercised its option purchase rights. Airbus has granted JetBlue conversion rights for each of the [***] Option Aircraft and Purchase Right Aircraft (also referred to as Reserve Option Aircraft hereunder) from A320 Aircraft to the A321-200 or A319 aircraft type on [***] notice to Airbus. [***] are specified for delivery of these Purchase Right Aircraft (also referred to as Reserve Option Aircraft hereunder). Such delivery dates will be determined at the time options are exercised by JetBlue.
Leased Aircraft
| Year |
Number |
Delivery Period |
||
|---|---|---|---|---|
| 1999 | 1 | (1) [***] | ||
| 2000 | 3 | (1) [***], (1) [***], (1) [***] | ||
| 2001 | 4 | (1) [***], (2) [***], (1) [***] | ||
| 2003 | 1 | (1) [***] | ||
| TOTAL | 9 | All but the last of the leased aircraft have been delivered |
| |
|
|
|---|---|---|
| [***] | Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. |
IAE PROPRIETARY INFORMATION
February 2003
Page 7 of 7
EXHIBIT A-1 FIRM AIRCRAFT ELIGIBLE FOR APPLICATION OF [***] [***] As of February 2003
EXHIBIT A-2 FIRM AIRCRAFT ELIGIBLE FOR APPLICATION OF [***] [***] As of February 2003
EXHIBIT B-1 AIRCRAFT DELIVERY SCHEDULES As of February 2003
