EXHIBIT 10.1
March 26, 1998
6-1162-GOC-131R1
Continental Airlines, Inc.
0000 Xxxxx Xxxxxxx
Xxxxxxx, Xxxxx 00000
Subject: Letter Agreement No. 6-1162-GOC-131R1 to Purchase
Agreement No. 1951 - Special Matters
Ladies and Gentlemen:
This Letter Agreement amends Purchase Agreement No. 1951 dated as
of July 23, 1996 (the Agreement) between The Boeing Company
(Boeing) and Continental Airlines, Inc. (Buyer) relating to Model
737 aircraft (the Aircraft). This Letter Agreement supersedes and
replaces in its entirely Letter Agreement 6-1162-GOC-131, dated
October 10, 1997.
All terms used herein and in the Agreement, and not defined herein,
will have the same meaning as in the Agreement.
1. Credit Memorandum.
[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT.]
5. Model Substitution.
5.1 Model 737-724/-824 Aircraft. Buyer may elect to
substitute Model 737-824 for Model 737-724 or Model 737-724 for
Model 737-824 Aircraft for any Aircraft or Option Aircraft
delivering in [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT.] or later. Buyer's model substitution
notice to Boeing must be in writing to Boeing no later than the
first day of the tenth month prior to delivery of each Aircraft.
5.2 Model 737-624 Aircraft. Buyer may elect to substitute
either Model 737-724 or 737-824 Aircraft for Model 737-624 Option
Aircraft delivering in [CONFIDENTIAL MATERIAL OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.] or later. Buyer's written
model substitution notice must be received by Boeing no later than
the first day of the tenth month prior to delivery of each
Aircraft.
5.3 Model 737-524 Aircraft. Buyer may elect to substitute
Model 737-324 for Model 737-524 Aircraft. Buyer's substitution
notice must be in writing and received by Boeing no later than the
first day of the tenth month prior to delivery of each Aircraft if
Customer and Boeing have previously agreed on a configuration for
the Model 737-324. If configuration for the Model 737-324 has not
been established, than the notice period shall be the time required
to configure the Model 737-324 plus 10 months.
6. Assignment of Credits.
Buyer may not assign the credit memoranda described in this
Letter Agreement without Boeing's prior written consent other than
in circumstances where Boeing provides or arranges lease equity
financing to Customer in respect of an Aircraft.
7. Confidential Treatment.
Boeing and Buyer understand that certain information contained
in this Letter Agreement, including any attachments hereto, are
considered by both parties to be confidential. Notwithstanding the
provisions of Letter Agreement 6-1162-MMF-308R2, Boeing and Buyer
agree that each party will treat this Letter Agreement and the
information contained herein as confidential and will not, without
the other party's prior written consent, disclose this Letter
Agreement or any information contained herein to any other person
or entity except as may be required by applicable law or
governmental regulations.
Very truly yours,
THE BOEING COMPANY
By /s/ Xxxxx X. Xxxx
Its Attorney-In-Fact
ACCEPTED AND AGREED TO this
Date: March 27, 1998
CONTINENTAL AIRLINES, INC.
By /s/ Xxxxxxx X. Xxxxxx
Its Vice President Treasury Operations
