AMENDMENT NO. 10 to the A320 Family Aircraft Purchase Agreement Dated as of October 19, 2011 Between AIRBUS S.A.S. And JETBLUE AIRWAYS CORPORATION
Exhibit 10.1
AMENDMENT NO. 10
Dated as of October 19, 2011
Between
AIRBUS S.A.S.
And
JETBLUE AIRWAYS CORPORATION
This Amendment No. 10 (hereinafter referred to as the “Amendment”) is entered into as of July 7, 2018 between Airbus S.A.S. a société par actions simplifiée, created and existing under French law, having its registered office at 0 Xxxx-Xxxxx Xxxxx Xxxxxxxxx, 00000 Xxxxxxx, Xxxxxx and registered with Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”) and JetBlue Airways Corporation, a corporation organized under the laws of Delaware having its principal corporate offices at 00-00 Xxxxxx Xxxxx Xxxxx, Xxxx Xxxxxx Xxxx, Xxx Xxxx 00000 (formerly 000-00 Xxxxxx Xxxxxxxxx, Xxxxxx Xxxxx, Xxx Xxxx 00000), Xxxxxx Xxxxxx of America (the “Buyer”).
WHEREAS, the Buyer and the Seller entered into an A320 Family Purchase Agreement dated as of October 19, 2011, relating to the sale by the Seller and the purchase by the Buyer of certain firmly ordered Airbus A320 family aircraft, which together with all amendments, exhibits, appendices, and letter agreements attached thereto is hereinafter called the “Agreement”.
WHEREAS, the Buyer and the Seller wish to amend the Agreement to reflect, among other things, the rescheduling of certain Aircraft, the type conversion of certain Aircraft, [***].
NOW THEREFORE, SUBJECT TO THE TERMS AND CONDITIONS SET FORTH HEREIN, 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. Except as used within quoted text, the terms “herein”, “hereof”, and “hereunder” and words of similar import refer to this Amendment.
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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0 DEFINITIONS
0.1 | Clause 0 to the Agreement is amended to either modify or add the following defined terms between the words “QUOTE” and “UNQUOTE”. |
QUOTE
2018 Converted A321 NEO Aircraft – any or all of the twenty-five (25) A321-200 NEO model aircraft, to be sold by the Seller and purchased by the Buyer pursuant to this Agreement, together with all components, equipment, parts and accessories installed in or on such aircraft and the relevant A321 NEO Propulsion System installed thereon.
2018 Converted A321 NEO Airframe - any 2018 Converted A321 NEO Aircraft, excluding the A321 NEO Propulsion System therefor.
Base Price of the 2018 Converted A321 NEO Airframe – as defined in Paragraph 5 herein.
UNQUOTE
1 | [***] |
1.1 | [***] |
1.2 | The Buyer wishes to [***] convert each of the remaining twenty-five (25) A320 NEO Aircraft into 2018 Converted A321 NEO Aircraft. |
1.3 | The Buyer and the Seller agree to reschedule nine (9) A321 NEO Aircraft or Additional A321 NEO Aircraft, as applicable, and as detailed in Clause 2 below. |
2 DELIVERY
2.1 | [***], the Buyer and the Seller hereby agree to irrevocably convert twenty-five (25) A320 NEO Aircraft identified in Amended and Restated Schedule 1 with CACiD numbers 402 142, 402 143, 402 144, 402 145, 402 146, 402 147, 402 148, 402 149, 402 150, 402 151, 402 152, 402 153, 402 154, 402 155, 402 156, 402 157, 402 158, 402 159, 402 160, 402 161, 402 162, 402 163, 402 164, 402 165 and 402 166 to twenty-five (25) 2018 Converted A321 NEO Aircraft as detailed in the following table. It is hereby agreed that unless otherwise expressly agreed herein, all terms and conditions governing the sale and purchase of A321 NEO Aircraft under the Agreement will apply to the 2018 Converted A321 NEO 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 under the Securities Exchange Act of 1934, as amended.
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Original aircraft type | New aircraft type | CACiD | Original Scheduled Delivery Period | New Scheduled Delivery Period |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 142 | [***]-20 | [***]-20 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 143 | [***]-20 | [***]-20 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 144 | [***] 2020 | [***] 2020 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 145 | [***] 2020 | [***] 2020 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 146 | [***] 2020 | [***] 2020 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 147 | [***] 2020 | [***] 2020 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 148 | [***] 2022 | [***] 2024 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 149 | [***] 2022 | [***] 2022 |
A320 NEO Aircraft | 2018Converted A321 NEO Aircraft | 402 150 | [***] 2022 | [***] 2022 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 151 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 152 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 153 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 154 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 155 | [***] 2021 | [***] 2020 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 156 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 157 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 158 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 159 | [***] 2021 | [***] 2024 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 160 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 161 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 162 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 163 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 164 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 165 | [***] 2021 | [***] 2021 |
A320 NEO Aircraft | 2018 Converted A321 NEO Aircraft | 402 166 | [***] 2021 | [***] 2021 |
2.2 | The Scheduled Delivery Period for the Additional A321 NEO Aircraft bearing CACiD number 10054128 is hereby amended from the [***]. |
2.3 | The Scheduled Delivery Period for the Additional A321 NEO Aircraft bearing CACiD number 10054129 is hereby amended from the [***]. |
2.4 | The Scheduled Delivery Period for the Additional A321 NEO Aircraft bearing CACiD number 10054131 is hereby amended from the [***]. |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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2.5 | The Scheduled Delivery Period for the Additional A321 NEO Aircraft bearing CACiD number 10054132is hereby amended from the [***]. |
2.6 | The Scheduled Delivery Period for the Additional A321 NEO Aircraft bearing CACiD number 10054133 is hereby amended from the [***]. |
2.7 | The Scheduled Delivery Period for the Additional A321 NEO Aircraft bearing CACiD number 10054134 is hereby amended from the [***]. |
2.8 | Schedule 1 to the Agreement is deleted in its entirety and replaced by the Amended and Restated Schedule 1 (the “Amended and Restated Schedule 1”) attached hereto as Appendix 1. |
2.9 | It shall be the Buyer’s sole responsibility to ensure, without any intervention necessary from the Seller, that all of the BFE Suppliers are notified of and accept the rescheduling and conversion set forth in Clauses 2.1 to 2.8 above without the Seller incurring any costs, losses, expenses, additional obligations, penalties, damages or liabilities of any kind by reason of such rescheduling or conversion, and the Buyer will indemnify and hold the Seller harmless against any and all of such costs, losses, expenses, additional obligations, penalties, damages or liabilities so incurred by the Seller unless such costs, losses, expenses, additional obligations, penalties, damages or liabilities are a result of the Seller’s gross negligence or willful misconduct. |
2.10 | The Buyer shall enter into discussions directly with the relevant Propulsion System manufacturer to amend the relevant propulsion systems agreement(s) in order to reflect the rescheduling and conversion set out in Clauses 2.1 to 2.8 above and will indemnify and hold the Seller harmless against any and all costs, losses, expenses, additional obligations, penalties, damages or liabilities so incurred by the Seller in the event that the Buyer fails to perform its obligations as set out under this Clause 2.11 unless such costs, losses, expenses, additional obligations, penalties, damages or liabilities are a result of the Seller’s gross negligence or willful misconduct. |
2.11 | Any and all Predelivery Payments [***] described in Clauses 2.1 to 2.8 herein [***]. |
3 COMMERCIAL TERMS
3.1 | The Base Price of the 2018 Converted A321 NEO Airframe [***]. |
3.2 | The Predelivery Payments for the 2018 Converted A321 NEO Aircraft [***]. |
3.3 | [***]. |
3.4 | The Buyer hereby confirms that it [***]. |
3.5 | [***]. |
4 OTHER AMENDMENTS
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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4.1 | The Amended and Restated Letter Agreement No. 1 to the Agreement is hereby replaced in its entirety by the Amended and Restated Letter Agreement No. 1 dated as of the date hereof. |
4.2 | The Amended and Restated Letter Agreement No. 2 to the Agreement is hereby replaced in its entirety by the Amended and Restated Letter Agreement No. 2 dated as of the date hereof. |
4.3 | The Amended and Restated Letter Agreement No. 3 to the Agreement is hereby replaced in its entirety by the Amended and Restated Letter Agreement No. 3 dated as of the date hereof. |
5 | EFFECT OF THE AMENDMENT |
The Agreement will be deemed 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 contains the entire agreement between the Buyer and the Seller with respect to the subject matter hereof and supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment.
Both parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement and will be governed by its provisions, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.
This Amendment will become effective upon its execution.
6 | CONFIDENTIALITY |
This Amendment is subject to the confidentiality provisions set forth in Clause 22.10 of the Agreement.
7 | ASSIGNMENT |
Notwithstanding any other provision of this Amendment or of the Agreement, this Amendment will not be assigned or transferred in any manner without the prior written consent of the other party, and any attempted assignment or transfer in contravention of the provisions of this Clause 7 will be void and of no force or effect.
8 | COUNTERPARTS |
This Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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9 | INTERPRETATION AND LAW |
This Amendment is subject to the Interpretation and Law provisions set forth in Clause 22.6 of the Agreement.
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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IN WITNESS WHEREOF, the parties hereto have entered into this Amendment by their respective officers or agents as of the date first above written.
JETBLUE AIRWAYS CORPORATION AIRBUS S.A.S.
By: _/s/ Xxxxx Priest_________________ By: _/s/ Xxxxxxxxxx Mourey_
Its: _Chief Financial Officer___________ Its: Senior Vice President Contracts
July 2018_CT1303281_JBU_A320F_AMD 10_EXECUTED VERSION
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APPENDIX 1
AMENDED AND RESTATED SCHEDULE 1
Appendix 1
to
Amendment No. 10
Amended and Restated
Schedule 1
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1
AMENDED AND RESTATED SCHEDULE 1
CACiD No. | Aircraft Rank No. | Type | Scheduled Delivery Month/Quarter | Scheduled Delivery Year | |
1 | 159 908 | 122 | Group 1 A320 Aircraft | [***] | 2011 |
2 | 159 942 | 123 | Group 1 A320 Aircraft | [***] | 2012 |
3 | 159 943 | 124 | Group 1 A320 Aircraft | [***] | 2012 |
4 | 159 950 | 125 | Group 1 A320 Aircraft | [***] | 2012 |
5 | 159 951 | 126 | Group 1 A320 Aircraft | [***] | 2012 |
6 | 159 923 | 127 | Group 1 A320 Aircraft | [***] | 2012 |
7 | 159 924 | 128 | Group 1 A320 Aircraft | [***] | 2012 |
8 | 000 000 | 000 | Group 1 A320 Aircraft | [***] | 2012 |
9 | 000 000 | 000 | A320 Backlog Aircraft | [***] | 2013 |
10 | 159 960 | 131 | A320 Backlog Aircraft | [***] | 2013 |
11 | 159 961 | 132 | A320 Backlog Aircraft | [***] | 2013 |
12 | 000 000 | 000 | A321 Backlog Aircraft | [***] | 2013 |
13 | 159 963 | 134 | A321 Backlog Aircraft | [***] | 2013 |
14 | 159 964 | 135 | A321 Backlog Aircraft | [***] | 2013 |
15 | 159 965 | 136 | A321 Backlog Aircraft | [***] | 2013 |
16 | 159 916 | 137 | A321 Backlog Aircraft | [***] | 2014 |
17 | 159 940 | 138 | A321 Backlog Aircraft | [***] | 2014 |
18 | 159 941 | 139 | A321 Backlog Aircraft | [***] | 2014 |
19 | 159 944 | 140 | A321 Backlog Aircraft | [***] | 2014 |
20 | 159 945 | 141 | A321 Backlog Aircraft | [***] | 2014 |
21 | 159 946 | 142 | A321 Backlog Aircraft | [***] | 2014 |
22 | 159 947 | 143 | A321 Backlog Aircraft | [***] | 2014 |
23 | 159 948 | 144 | A321 Backlog Aircraft | [***] | 2014 |
24 | 159 949 | 145 | A321 Backlog Aircraft | [***] | 2014 |
25 | 000 000 | 000 | A321 Backlog Aircraft | [***] | 2015 |
26 | 159 957 | 147 | A321 Backlog Aircraft | [***] | 2015 |
27 | 159 958 | 148 | A321 Backlog Aircraft | [***] | 2015 |
28 | 159 959 | 149 | A321 Backlog Aircraft | [***] | 2015 |
29 | 159 929 | 150 | A321 Backlog Aircraft | [***] | 2015 |
30 | 000 000 | 000 | A321 Backlog Aircraft | [***] | 2015 |
31 | 159 931 | 152 | A321 Backlog Aircraft | [***] | 2015 |
32 | 159 932 | 153 | A321 Backlog Aircraft | [***] | 2015 |
33 | 159 933 | 154 | A321 Backlog Aircraft | [***] | 2015 |
34 | 10002716 | 155 | Incremental A321 Aircraft | [***] | 2015 |
35 | 159 920 | 156 | A321 Backlog Aircraft | [***] | 2015 |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1
AMENDED AND RESTATED SCHEDULE 1
CACiD No. | Aircraft Rank No. | Type | Scheduled Delivery Month/Quarter | Scheduled Delivery Year | |
36 | 10002752 | 157 | Incremental A321 Aircraft | [***] | 2015 |
37 | 159 911 | 158 | A321 Backlog Aircraft | [***] | 2016 |
38 | 159 912 | 159 | A321 Backlog Aircraft | [***] | 2016 |
39 | 159 917 | 160 | A321 Backlog Aircraft | [***] | 2016 |
40 | 159 918 | 161 | A321 Backlog Aircraft | [***] | 2016 |
41 | 159 926 | 162 | A321 Backlog Aircraft | [***] | 2016 |
42 | 159 927 | 163 | A321 Backlog Aircraft | [***] | 2016 |
43 | 159 928 | 164 | A321 Backlog Aircraft | [***] | 2016 |
44 | 159 952 | 165 | A321 Backlog Aircraft | [***] | 2016 |
45 | 159 953 | 166 | A321 Backlog Aircraft | [***] | 2016 |
46 | 159 934 | 167 | A321 Backlog Aircraft | [***] | 2016 |
47 | 159 922 | 168 | Converted A321 Backlog Aircraft | [***] | 2017 |
48 | 159 954 | 169 | Converted A321 Backlog Aircraft | [***] | 2017 |
49 | 159 955 | 170 | Converted A321 Backlog Aircraft | [***] | 2017 |
50 | 159 921 | 171 | Converted A321 Backlog Aircraft | [***] | 2017 |
51 | 104 440 | 172 | Converted A321 Backlog Aircraft | [***] | 2017 |
52 | 000 000 | 000 | Converted A321 Backlog Aircraft | [***] | 2017 |
53 | 10054088 | 249 | Additional A321 Aircraft | [***] | 2017 |
54 | 159 909 | 174 | Converted A321 Backlog Aircraft | [***] | 2017 |
55 | 10054089 | 250 | Additional A321 Aircraft | [***] | 2017 |
56 | 10002770 | 175 | Incremental A321 Aircraft | [***] | 2017 |
57 | 10054090 | 251 | Additional A321 Aircraft | [***] | 2017 |
58 | 10002771 | 176 | Incremental A321 Aircraft | [***] | 2017 |
59 | 10054091 | 252 | Additional A321 Aircraft | [***] | 2017 |
60 | 10002772 | 177 | Incremental A321 Aircraft | [***] | 2017 |
61 | 10054092 | 253 | Additional A321 Aircraft | [***] | 2017 |
62 | 159 910 | 178 | Converted A321 Backlog Aircraft | [***] | 2018 |
63 | 10054093 | 254 | Additional A321 Aircraft | [***] | 2018 |
64 | 10054100 | 261 | Additional A321 Aircraft | [***] | 2018 |
65 | 10054101 | 262 | Additional A321 Aircraft | [***] | 2018 |
66 | 10054102 | 263 | Additional A321 Aircraft | [***] | 2018 |
67 | 10054097 | 258 | Additional A321 Aircraft | [***] | 2018 |
68 | 10054098 | 259 | Additional A321 Aircraft | [***] | 2018 |
69 | 10054094 | 255 | Additional A321 Aircraft | [***] | 2018 |
70 | 10054099 | 260 | Additional A321 Aircraft | [***] | 2018 |
71 | 10054095 | 256 | Additional A321 Aircraft | [***] | 2018 |
72 | 10054096 | 257 | Additional A321 Aircraft | [***] | 2018 |
73 | 402 137 | 185 | Converted A321 NEO Aircraft | [***] | 2019 |
74 | 402 135 | 182 | Converted A321 NEO Aircraft | [***] | 2019 |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1
AMENDED AND RESTATED SCHEDULE 1
CACiD No. | Aircraft Rank No. | Type | Scheduled Delivery Month/Quarter | Scheduled Delivery Year | |
75 | 402 136 | 183 | Converted A321 NEO Aircraft | [***] | 2019 |
76 | 402 134 | 181 | Converted A321 NEO Aircraft | [***] | 2019 |
77 | 402 141 | 189 | Converted A321 NEO Aircraft | [***] | 2019 |
78 | 10002782 | 193 | Incremental A321 NEO Aircraft | [***] | 2019 |
79 | 10002783 | 194 | Incremental A321 NEO Aircraft | [***] | 2019 |
80 | 10002784 | 195 | Incremental A321 NEO Aircraft | [***] | 2019 |
81 | 10002786 | 197 | Incremental A321 NEO Aircraft | [***] | 2019 |
82 | 10002787 | 198 | Incremental A321 NEO Aircraft | [***] | 2019 |
83 | 10002781 | 192 | Incremental A321 NEO Aircraft | [***] | 2019 |
84 | 10002788 | 199 | Incremental A321 NEO Aircraft | [***] | 2019 |
85 | 10002780 | 191 | Incremental A321 NEO Aircraft | [***] | 2019 |
86 | 10002756 | 200 | A321 NEO Aircraft | [***] | 2020 |
87 | 10002760 | 201 | A321 NEO Aircraft | [***] | 2020 |
88 | 10002764 | 202 | A321 NEO Aircraft | [***] | 2020 |
89 | 10054124 | 264 | Additional A321 NEO Aircraft | [***] | 2020 |
90 | 10002792 | 206 | Incremental A321 NEO Aircraft | [***] | 2020 |
91 | 402 155 | 219 | 2018 Converted A321 NEO Aircraft | [***] | 2020 |
92 | 10054128 | 268 | Additional A321 NEO Aircraft | [***] | 2020 |
93 | 402 142 | 209 | 2018 Converted A321 NEO Aircraft | [***] | 2020 |
94 | 402 143 | 210 | 2018 Converted A321 NEO Aircraft | [***] | 2020 |
95 | 10054125 | 265 | Additional A321 NEO Aircraft | [***] | 2020 |
96 | 402 144 | 211 | 2018 Converted A321 NEO Aircraft | [***] | 2020 |
97 | 402 145 | 212 | 2018 Converted A321 NEO Aircraft | [***] | 2020 |
98 | 402 146 | 213 | 2018 Converted A321 NEO Aircraft | [***] | 2020 |
99 | 000 000 | 000 | 2018 Converted A321 NEO Aircraft | [***] | 2020 |
100 | 10054126 | 266 | Additional A321 NEO Aircraft | [***] | 2020 |
101 | 402 151 | 215 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
102 | 402 152 | 216 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
103 | 402 153 | 217 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
104 | 402 154 | 218 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
105 | 10054127 | 267 | Additional A321 NEO Aircraft | [***] | 2021 |
106 | 402 156 | 220 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
000 | 000 000 | 221 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
108 | 402 158 | 222 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
000 | 000 000 | 224 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
110 | 402 161 | 225 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
000 | 000 000 | 226 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
112 | 402 163 | 227 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
113 | 402 164 | 228 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1
AMENDED AND RESTATED SCHEDULE 1
CACiD No. | Aircraft Rank No. | Type | Scheduled Delivery Month/Quarter | Scheduled Delivery Year | |
114 | 402 165 | 229 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
115 | 402 166 | 230 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
116 | 10054130 | 270 | Additional A321 NEO Aircraft | [***] | 2021 |
117 | 402 149 | 232 | 2018 Converted A321 NEO Aircraft | [***] | 2022 |
118 | 402 150 | 233 | 2018 Converted A321 NEO Aircraft | [***] | 2022 |
119 | 10002765 | 234 | A321 NEO Aircraft | [***] | 2022 |
120 | 10002769 | 238 | A321 NEO Aircraft | [***] | 2022 |
121 | 10002766 | 235 | A321 NEO Aircraft | [***] | 2022 |
122 | 10002767 | 236 | A321 NEO Aircraft | [***] | 2022 |
123 | 10002768 | 237 | A321 NEO Aircraft | [***] | 2022 |
124 | 10002773 | 239 | A321 NEO Aircraft | [***] | 2022 |
125 | 10002774 | 240 | A321 NEO Aircraft | [***] | 2022 |
000 | 000 000 | 241 | A321 NEO Aircraft | [***] | 2022 |
127 | 402 128 | 242 | A321 NEO Aircraft | [***] | 2022 |
128 | 402 129 | 243 | A321 NEO Aircraft | [***] | 2022 |
129 | 402 130 | 244 | A321 NEO Aircraft | [***] | 2022 |
130 | 402 131 | 245 | A321 NEO Aircraft | [***] | 2022 |
131 | 10002775 | 246 | Incremental A321 NEO Aircraft | [***] | 2022 |
132 | 10002776 | 247 | Incremental A321 NEO Aircraft | [***] | 2023 |
133 | 10054135 | 275 | Additional A321 NEO Aircraft | [***] | 2023 |
134 | 402 138 | 186 | Converted A321 NEO Aircraft | [***] | 2023 |
135 | 10002778 | 184 | Incremental A321 NEO Aircraft | [***] | 2023 |
136 | 402 132 | 179 | Converted A321 NEO Aircraft | [***] | 2023 |
137 | 10054136 | 276 | Additional A321 NEO Aircraft | [***] | 2023 |
138 | 402 133 | 180 | Converted A321 NEO Aircraft | [***] | 2023 |
139 | 10002777 | 248 | Incremental A321 NEO Aircraft | [***] | 2023 |
140 | 10054137 | 277 | Additional A321 NEO Aircraft | [***] | 2023 |
141 | 10002779 | 190 | Incremental A321 NEO Aircraft | [***] | 2023 |
142 | 402 140 | 188 | Converted A321 NEO Aircraft | [***] | 2023 |
143 | 10002785 | 196 | Incremental A321 NEO Aircraft | [***] | 2023 |
144 | 10054138 | 278 | Additional A321 NEO Aircraft | [***] | 2023 |
145 | 402 139 | 187 | Converted A321 NEO Aircraft | [***] | 2023 |
146 | 10002789 | 203 | Incremental A321 NEO Aircraft | [***] | 2024 |
147 | 10002790 | 204 | Incremental A321 NEO Aircraft | [***] | 2024 |
148 | 402 148 | 231 | 2018 Converted A321 NEO Aircraft | [***] | 2024 |
149 | 10054131 | 271 | Additional A321 NEO Aircraft | [***] | 2024 |
150 | 402 159 | 223 | 2018 Converted A321 NEO Aircraft | [***] | 2024 |
151 | 10002791 | 205 | Incremental A321 NEO Aircraft | [***] | 2024 |
152 | 10002793 | 207 | Incremental A321 NEO Aircraft | [***] | 2024 |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1
AMENDED AND RESTATED SCHEDULE 1
CACiD No. | Aircraft Rank No. | Type | Scheduled Delivery Month/Quarter | Scheduled Delivery Year | |
153 | 10054129 | 269 | Additional A321 NEO Aircraft | [***] | 2024 |
154 | 10054132 | 272 | Additional A321 NEO Aircraft | [***] | 2024 |
155 | 10054133 | 273 | Additional A321 NEO Aircraft | [***] | 2024 |
156 | 10054134 | 274 | Additional A321 NEO Aircraft | [***] | 2024 |
157 | 10002794 | 208 | Incremental A321 NEO Aircraft | [***] | 2024 |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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AMENDED AND RESTATED
LETTER AGREEMENT NO. 1
As of July 7, 2018
JetBlue Airways Corporation
00-00 Xxxxxx Xxxxx Xxxxx
Xxxx Xxxxxx Xxxx, Xxx Xxxx 00000
Re: PURCHASE INCENTIVES
Dear Ladies and Gentlemen,
JetBlue Airways Corporation (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an A320 Family Aircraft Purchase Agreement dated as of October 19, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, including without limitation by Amendment No. 1 dated as of October 25, 2013, Amendment No. 2 dated as of November 19, 2014, Amendments No. 3 and No. 4 dated as of July 26, 2016, Amendment No. 5 dated as of August 9, 2016, Amendment No. 6 dated as of April 11, 2017, Amendment No. 7 dated as of April 25, 2017, Amendment No. 8 dated as of December 19, 2017, Amendment No. 9 dated as of March 30, 2018 and Amendment No. 10 dated as of even date herewith (the “Agreement”), which covers, among other matters, 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. 1 (this “Letter Agreement”, or “Letter Agreement No. 1”, or “Amended and Restated Letter Agreement No. 1”) 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.
Both 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 which are inconsistent, the specific provisions contained in this Letter Agreement will govern.
WITNESSETH:
WHEREAS, the Buyer and the Seller have entered into Amended and Restated Letter Agreement No. 1 to the Agreement dated as of July 26, 2016, setting forth certain terms and conditions regarding the sale of the Aircraft (the “Original Letter Agreement”).
WHEREAS, the Buyer and the Seller wish to amend and restate the Original Letter Agreement to incorporate relevant amendments to such Original Letter Agreement into a single document.
NOW THEREFORE IT IS AGREED THAT THE ORIGINAL LETTER AGREEMENT IS HEREBY AMENDED AND RESTATED TO READ IN ITS ENTIRETY AS FOLLOWS:
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1 INTENTIONALLY LEFT BLANK
2 [***] AIRCRAFT (Excluding Group 1 A320 Aircraft)
2.1 | In respect of each [***] Aircraft (excluding Group 1 A320 Aircraft) that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “[***] Aircraft Credit Memoranda”): |
[***]
2.2 | The [***] Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
2.3 | The [***] Aircraft Credit Memoranda will be [***] of each [***] Aircraft that is sold by the Seller and purchased by the Buyer. The A320 Backlog Aircraft Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an A320 Backlog Aircraft, the [***] Aircraft Credit Memoranda will be [***] of the [***] Aircraft. |
3 [***] AIRCRAFT and CONVERTED [***] AIRCRAFT
3.1 | In respect of each [***] Aircraft and each Converted [***] Aircraft that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “[***] Aircraft Credit Memoranda”): |
[***]
3.2 | The [***] Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
3.3 | The [***] Aircraft Credit Memoranda will [***] of each [***] Aircraft and each Converted [***] Aircraft that is sold by the Seller and purchased by the Buyer. The [***] Aircraft Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an [***] Aircraft or Converted [***] Aircraft, the [***] Aircraft Credit Memoranda will be [***] of the [***] Aircraft or the Final Price of the Converted [***] Aircraft, as applicable. |
4 A319 NEO AIRCRAFT
4.1 | In respect of each A319 NEO Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “A319 NEO Aircraft Credit Memoranda”): |
[***]
4.2 | The A319 NEO Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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4.3 | The A319 NEO Aircraft Credit Memoranda will be [***] of each A319 NEO Aircraft. The A319 NEO Aircraft Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an A319 NEO Aircraft, the A319 NEO Aircraft Credit Memoranda will be [***] of the A319 NEO Aircraft. |
4.4 | [***]. |
5 A320 NEO AIRCRAFT
5.1 | In respect of each A320 NEO Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “A320 NEO Aircraft Credit Memoranda”): |
[***]
5.2 | The A320 NEO Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
5.3 | The A320 NEO Aircraft Credit Memoranda will be [***] of each A320 NEO Aircraft. The A320 NEO Aircraft Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an A320 NEO Aircraft, the A320 NEO Aircraft Credit Memoranda will be [***] of the A320 NEO Aircraft. |
5.4 | [***]. |
6 | A321 NEO AIRCRAFT, CONVERTED A321 NEO AIRCRAFT AND INCREMENTAL A321 NEO AIRCRAFT |
6.1 | In respect of each A321 NEO Aircraft, Converted A321 NEO Aircraft and each Incremental A321 NEO Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “A321 NEO Aircraft Credit Memoranda”): |
[***]
6.2 | The A321 NEO Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
6.3 | The A321 NEO Credit Memoranda will be [***] of each A321 NEO Aircraft, each Converted A321 NEO Aircraft, and each Incremental A321 NEO Aircraft. The A321 NEO Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of the relevant Aircraft, the A321 NEO Aircraft Credit Memoranda will be [***] of such Aircraft. |
7 GROUP 1 A320 AIRCRAFT
7.1 | In respect of each Group 1 A320 Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “Group 1 Aircraft Credit Memoranda”): |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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[***]
7.2 | The Group 1 Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
7.3 | The Group 1 Aircraft Credit Memoranda will be [***] of each Group 1 A320 Aircraft that is sold by the Seller and purchased by the Buyer. The Group 1 Aircraft Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of a Group 1 A320 Aircraft, the Group 1 Aircraft Credit Memoranda will be [***] of the Group 1 A320 Aircraft. |
8 | INCREMENTAL A321 AIRCRAFT |
8.1 | In respect of each Incremental A321 Aircraft that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “Incremental A321 Aircraft Credit Memoranda”): |
[***]
8.2 | The Incremental A321 Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
8.3 | The Incremental A321 Aircraft Credit Memoranda will be [***] of each Incremental A321 Aircraft that is sold by the Seller and purchased by the Buyer. The Incremental A321 Aircraft Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an Incremental A321 Aircraft, the Incremental A321 Aircraft Credit Memoranda will be [***] of the Incremental A321 Aircraft. |
9 | [***] |
9.1 [***]
9.1.1 | [***] |
10 | ADDITIONAL A321 AIRCRAFT |
10.1 | In respect of each Additional A321 Aircraft that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “Additional A321 Aircraft Credit Memoranda”): |
[***]
10.2 | The Additional A321 Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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10.3 | The Additional A321 Aircraft Credit Memoranda will be [***] of each Additional A321 Aircraft that is sold by the Seller and purchased by the Buyer. The Additional A321 Aircraft Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an Additional A321 Aircraft, the Additional A321 Aircraft Credit Memoranda will be [***] of the Additional A321 Aircraft. |
11 | ADDITIONAL A321 NEO AIRCRAFT [***] |
11.1 | In respect of each Additional A321 NEO Aircraft [***] that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “Additional A321 NEO Aircraft Credit Memoranda”): |
[***]
11.2 | The Additional A321 NEO Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
11.3 | The Additional A321 NEO Credit Memoranda will be [***] of each Additional A321 NEO Aircraft [***], as applicable. The Additional A321 NEO Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of the relevant Aircraft, the Additional A321 NEO Aircraft Credit Memoranda will be [***] of such Aircraft. |
12 | CONVERTED A321 LR AIRCRAFT |
12.1 | In respect of each Converted A321 LR Aircraft that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “Converted A321 LR Aircraft Credit Memoranda”): |
[***]
12.2 | The Converted A321 LR Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement. |
12.3 | The Converted A321 LR Aircraft Credit Memoranda will be [***] of each Converted A321 LR Aircraft. The Converted A321 LR Credit Memoranda will be [***]. Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of the relevant Aircraft, the Converted A321 LR Credit Memoranda will be [***] of such Aircraft. |
12.4 | The Seller shall grant the Buyer for each Converted A321 LR Aircraft a goods and services credit memorandum to support the Converted A321 LR Aircraft entry into service (the “A321 LR G+S Credit Memorandum”) amounting to: |
[***]
The A321 LR G+S Credit Memorandum shall be issued [***]
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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The A321 LR G+S Credit Memorandum is quoted at delivery conditions prevailing in the A320 Family Base Period ([***]) and [***] in accordance with Paragraph 9 of this Letter Agreement.
[***]
28 | ADMINISTRATION OF CREDITS |
[***]
The above amounts are stated at delivery conditions prevailing in [***] and will be adjusted to the date of the respective availability in accordance with the Seller Price Revision Formula, [***].
[***]
30 | ASSIGNMENT |
Notwithstanding any other provision of this Letter Agreement or 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 30 will be void and of no force or effect.
31 CONFIDENTIALITY
This Letter Agreement is subject to the terms and conditions of Clause 22.10 of the Agreement.
32 | COUNTERPARTS |
This Letter Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below and return a copy to the Seller.
Very truly yours,
AIRBUS S.A.S.
By: /s/Xxxxxxxxx Xxxxxx
Its: Senior Vice President Contracts
Accepted and Agreed
JETBLUE AIRWAYS CORPORATION
By: /s/ Xxxxx Xxxxxx
Its: Chief Financial Officer
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AMENDED AND RESTATED
LETTER AGREEMENT NO. 2
As of July 7, 2018
JetBlue Airways Corporation
00-00 Xxxxxx Xxxxx Xxxxx
Xxxx Xxxxxx Xxxx, Xxx Xxxx 00000
Re: PAYMENTS
Dear Ladies and Gentlemen,
JetBlue Airways Corporation (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an A320 Family Aircraft Purchase Agreement dated as of October 19, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, including without limitation by Amendment No. 1 dated October 25, 2013, Amendments No. 3 and No. 4 dated as of July 26, 2016, Amendment No. 5 dated as of August 9, 2016, Amendment No. 6 dated as of April 11, 2017, Amendment No. 7 dated as of April 25, 2017, Amendment No. 8 dated as of December 19, 2017, Amendment No. 9 dated as of March 30, 2018 and Amendment No. 10 dated as of even date herewith the “Agreement”), which covers, among other matters, 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. 2 (this “Letter Agreement”, or “Letter Agreement No. 2”, or “Amended and Restated Letter Agreement No. 2”) 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.
Both 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 which are inconsistent, the specific provisions contained in this Letter Agreement will govern.
WITNESSETH:
WHEREAS, the Buyer and the Seller have entered into Amended and Restated Letter Agreement No. 2 to the Agreement dated as of July 26, 2016, setting forth certain terms and conditions regarding the sale of the Aircraft (the “Original Letter Agreement”).
WHEREAS, the Buyer and the Seller wish to amend and restate the Original Letter Agreement to incorporate relevant amendments to such Original Letter Agreement into a single document.
NOW THEREFORE IT IS AGREED THAT THE ORIGINAL LETTER AGREEMENT IS HEREBY AMENDED AND RESTATED TO READ IN ITS ENTIRETY AS FOLLOWS:
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1 | PREDELIVERY PAYMENTS |
1.1 | For each [***] Aircraft (excluding all Incremental A321 Aircraft and all Converted [***] Aircraft), Clauses 5.3.2 and 5.3.3 of the Agreement are deleted in their entirety and replaced by Clauses 5.3.2 and 5.3.3 below between the QUOTE and UNQUOTE: |
QUOTE
5.3.2 | The Predelivery Payment Reference Price for a [***] Aircraft to be delivered in [***] is determined in accordance with the following formula: |
[***]
5.3.3 | Predelivery Payments will be paid according to the following schedule. |
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] |
In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of the Agreement, such Predelivery Payments shall be made upon signature of this Agreement.
UNQUOTE
1.2 | For each NEO Aircraft (excluding all Incremental A321 NEO Aircraft, all Converted A321 NEO Aircraft, all Additional A321 NEO Aircraft, all [***], all A321 LR Aircraft [***]), Clauses 5.3.2 and 5.3.3 of the Agreement are deleted in their entirety and replaced by Clauses 5.3.2 and 5.3.3 below between the QUOTE and UNQUOTE: |
QUOTE
5.3.2 The Predelivery Payment Reference Price for a NEO Aircraft to be delivered in [***] is determined in accordance with the following formula:
[***]
5.3.3 Predelivery Payments will be paid according to the following schedule.
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] |
In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of the Agreement, such Predelivery Payments shall be made upon signature of this Agreement.
UNQUOTE
1.3 | For each Incremental A321 Aircraft and each Converted [***] Aircraft, Clauses 5.3.2 and 5.3.3 of the Agreement are deleted in their entirety and replaced by Clauses 5.3.2 and 5.3.3 below between the QUOTE and UNQUOTE: |
QUOTE
5.3.2 | The Predelivery Payment Reference Price for an Incremental A321 Aircraft or a Converted [***] Aircraft to be delivered in [***] is determined in accordance with the following formula: |
[***]
5.3.3 | Predelivery Payments will be paid according to the following schedule. |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] |
In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of the Agreement, such Predelivery Payments shall be made upon signature of this Agreement.
UNQUOTE
1.4 | For each Incremental A321 NEO Aircraft and each Converted A321 NEO Aircraft, Clauses 5.3.2 and 5.3.3 of the Agreement are deleted in their entirety and replaced by Clauses 5.3.2 and 5.3.3 below between the QUOTE and UNQUOTE: |
QUOTE
5.3.2 The Predelivery Payment Reference Price for an Incremental A321 NEO Aircraft or a Converted A321 NEO Aircraft to be delivered in [***] is determined in accordance with the following formula:
[***]
5.3.3 Predelivery Payments will be paid according to the following schedule.
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of the Agreement, such Predelivery Payments shall be made upon signature of this Agreement.
UNQUOTE
1.5 | For each Additional A321 Aircraft, Clauses 5.3.2 and 5.3.3 of the Agreement are deleted in their entirety and replaced by Clauses 5.3.2 and 5.3.3 below between the QUOTE and UNQUOTE: |
QUOTE
[***]
5.3.2 | The Predelivery Payment Reference Price for an Additional A321 Aircraft to be delivered in [***] is determined in accordance with the following formula: |
[***]
5.3.3 | Predelivery Payments will be paid according to the following schedule. |
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
4th Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] |
In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of Amendment No. 4 to the Agreement, such Predelivery Payments shall be made within one (1) Business Day of signature of Amendment No. 4 to the Agreement.
UNQUOTE
1.6 | For each Additional A321 NEO Aircraft [***], Clauses 5.3.2 and 5.3.3 of the Agreement are deleted in their entirety and replaced by Clauses 5.3.2 and 5.3.3 below between the QUOTE and UNQUOTE: |
QUOTE
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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[***]
5.3.2 The Predelivery Payment Reference Price for an Additional A321 NEO Aircraft [***], as applicable, to be delivered in [***] is determined in accordance with the following formula:
[***]
5.3.3 Predelivery Payments will be paid according to the following schedule.
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
4th Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] |
In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of Amendment No. 4 to the Agreement [***], such Predelivery Payments shall be made within one (1) Business Day of signature of Amendment No. 4 to the Agreement [***].
UNQUOTE
1.7 | [***] for each such Converted A321 LR Aircraft Clauses 5.3.2 and 5.3.3 of the Agreement are deleted in their entirety and replaced by Clauses 5.3.2 and 5.3.3 below between the QUOTE and UNQUOTE: |
QUOTE
5.3.2 The Predelivery Payment Reference Price for an A321 LR Aircraft to be delivered in [***] is determined in accordance with the following formula:
[***]
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
4th Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] |
In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of [***], such Predelivery Payments shall be made within one (1) Business Day of signature of [***].
UNQUOTE
1.8 | [***] |
2. | PDP DEFERRAL |
Clause 5.3.5 with the following quoted text is added to the Agreement:
QUOTE
5.3.5 | [***] |
[***]
As used herein:
(i) [***]
(ii) "Business Day" shall mean any day which is not a Saturday or a Sunday and which is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in New York, New York, or London, England and
(iii) [***]
UNQUOTE
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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3 [***]
The Buyer and the Seller acknowledge that the Buyer [***] in accordance with the terms and conditions set forth in Paragraph 2 of this Letter Agreement.
4 | ASSIGNMENT |
Notwithstanding any other provision of this Letter Agreement or 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 | CONFIDENTIALITY |
This Letter Agreement is subject to the terms and conditions of Clause 22.10 of the Agreement.
6 | COUNTERPARTS |
This Letter Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below and return a copy to the Seller.
Very truly yours,
AIRBUS S.A.S.
By: /s/ Xxxxxxxxxx Xxxxxx
Its: Senior Vice President Contracts
Accepted and Agreed
JETBLUE AIRWAYS CORPORATION
By: /s/ Xxxxx Xxxxxx
Its: Chief Financial Officer
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AMENDED AND RESTATED
LETTER AGREEMENT NO. 3
As of July 7, 2018
JetBlue Airways Corporation
00-00 Xxxxxx Xxxxx Xxxxx
Xxxx Xxxxxx Xxxx, Xxx Xxxx 00000
Re: [***]
Dear Ladies and Gentlemen,
JetBlue Airways Corporation (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an A320 Family Aircraft Purchase Agreement dated as of October 19, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, including without limitation by Amendment No. 1 dated as of October 25, 2013, Amendment No. 2 dated as of November 19, 2014, Amendments No.3 and No. 4 dated as of July 26, 2016, Amendment No. 5 dated as of August 9, 2016, Amendment No. 6 dated as of April 11, 2017, Amendment No. 7 dated as of April 25, 2017, Amendment No. 8 dated as of December 19, 2017, Amendment No. 9 dated as of March 30, 2018 and Amendment No. 10 dated as of even date herewith (the “Agreement”), which covers, among other matters, 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 (this “Letter Agreement” , or “Letter Agreement No. 3”, or “Amended and Restated Letter Agreement No. 3”) 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.
Both 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 which are inconsistent, the specific provisions contained in this Letter Agreement will govern.
WITNESSETH:
WHEREAS, the Buyer and the Seller have entered into Amended and Restated Letter Agreement No. 3 to the Agreement dated as of July 26, 2016, setting forth certain terms and conditions regarding the sale of the Aircraft (the “Original Letter Agreement”).
WHEREAS, the Buyer and the Seller wish to amend and restate the Original Letter Agreement to incorporate relevant amendments to such Original Letter Agreement into a single document.
NOW THEREFORE IT IS AGREED THAT THE ORIGINAL LETTER AGREEMENT IS HEREBY AMENDED AND RESTATED TO READ IN ITS ENTIRETY AS FOLLOWS:
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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1 DEFINITIONS
Clause 0 to the Agreement is amended to [***] modify or add the following defined terms between the words “QUOTE” and “UNQUOTE”:
QUOTE
[***] Aircraft – any or all of the remaining thirty (30), of the fifty-two (52) A320-200 model aircraft originally to be sold by the Seller and purchased by the Buyer pursuant to the Original Agreement, as of the date hereof to be sold by the Seller and purchased by the Buyer pursuant to this Agreement as A321-200 model aircraft, and [***] pursuant to this Agreement, together with all components, equipment, parts and accessories installed in or on such aircraft and the relevant A321 Propulsion System installed thereon.
A321 LR Aircraft – an A321-200NX type aircraft together with all components, equipment, parts and accessories installed in or on such aircraft and the A321 LR Propulsion System installed thereon upon Delivery.
A321 LR Airframe – an A321 LR Aircraft, excluding A321 LR Propulsion System therefor.
A321 LR Propulsion System – as defined in Clause 2.3.8, as set forth in Paragraph 3.4 of Letter Agreement No. 3.
A321 NEO Aircraft – any or all of the A321 aircraft that have been [***] pursuant to this Agreement together with all components, equipment, parts and accessories installed in or on such aircraft and the A321 NEO Propulsion System installed thereon upon Delivery. For the sake of clarity, A321 NEO Aircraft includes the [***], the Incremental A321 NEO Aircraft, the Additional A321 NEO Aircraft and [***].
A321 NEO Airframe – an A321 NEO Aircraft, excluding the A321 NEO Propulsion System therefor.
A321 NEO Propulsion System – as defined in Clause 2.3.4, as set forth in Paragraph 3.2 of Letter Agreement No. 3.
[***]
Additional Aircraft – any and all of the Additional A321 Aircraft, Additional A321 NEO Aircraft, [***].
Aircraft – individually or collectively, the Group 1 A320 Aircraft, the [***] Aircraft, the A320 NEO Aircraft, the [***] Aircraft, the A321 NEO Aircraft, [***], the Incremental A321 Aircraft, the Additional A321 Aircraft, the Incremental A321 NEO Aircraft, the Additional A321 NEO Aircraft, [***], the A321 LR Aircraft [***], as applicable.
Airframe – as applicable, the A320 Airframe, A320 NEO Airframe, the A321 Airframe, the A321 NEO Airframe, the A321 LR Airframe [***].
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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[***] Aircraft – the [***] Aircraft and the [***] Aircraft.
Base Price of the Airframe – the Base Price of the [***] Airframe, the Base Price of A320 NEO Airframe, the Base Price of the [***] Airframe, the Base Price of the A321 NEO Airframe, the Base Price of the Group 1 A320 Airframe, the Base Price of the Incremental A321 Airframe, the Base Price of the Incremental A321 NEO Airframe, [***] the Base Price of the Additional A321 Airframe, the Base Price of the Additional A321 NEO Airframe, [***] the Base Price of the A321 LR Airframe [***], as applicable.
Base Price of the A321 LR Airframe – as defined in Paragraph 4 herein.
[***]
Base Price of the Group 1 A320 Airframe – as defined in Paragraph 4 herein.
[***]
CFM LEAP Propulsion System – the CFM LEAP-1A24 Propulsion System, the CFM LEAP-1A26 Propulsion Systems and the CFM LEAP-1A32 Propulsion System, as applicable.
[***]
IAE LLC Propulsion System – the PW1124G-JM Propulsion System, the PW1127G-JM Propulsion System and the PW1133G-JM Propulsion System, as applicable.
IAE Propulsion System – the IAE V2524-A5 Propulsion System, the IAE V2527-A5 Propulsion System and the IAE V2533-A5 Propulsion System, as applicable.
NEO Aircraft – an A320 NEO Aircraft, an A321 NEO Aircraft, an A321 LR Aircraft [***], as applicable.
NEO Propulsion System –the A320 NEO Propulsion System, the A321 NEO Propulsion System, the A321 LR Propulsion System [***], as applicable.
Standard Specification – the A320 NEO Standard Specification, the A321 Standard Specification, the A321 NEO Standard Specification, [***], as applicable.
UNQUOTE
2 | [***] |
2.1 | INTENTIONALLY LEFT BLANK |
2.2 [***]
2.3 Aircraft Specification
2.3.1 | Intentionally Left Blank |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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2.3.2 Intentionally Left Blank
2.3.3 | The A321 NEO Aircraft SCN List, as set forth in Appendix 4 to this Letter Agreement, is hereby incorporated into the Agreement and shall also apply to the Incremental A321 NEO Aircraft, Additional A321 NEO Aircraft [***]. |
2.3.4 | The A321 LR Aircraft SCN List, as set forth in Appendix 5 to this Letter Agreement, is hereby incorporated into the Agreement. |
2.3.5 | [***] |
2.3.7 | Clause 2.1.2(iv) is hereby added to the Agreement to read as set forth in the following quoted text: |
QUOTE
2.1.2 (iv) The A321 LR Aircraft, will be manufactured in accordance with the A321 NEO Standard Specification as may already have been modified or varied at the date of this Agreement by the Specification Change Notices listed in Appendix 5 to Letter Agreement No. 3, which includes the following design weights: a maximum take-off weight (MTOW) of [***] metric tons, a maximum landing weight (MLW) of [***] metric tons and a maximum zero fuel weight (MZFW) of [***] metric tons as well as [***] ACTs.
UNQUOTE
2.3.7 | Intentionally left blank |
3 PROPULSION SYSTEMS
3.1 Clause 2.3.2 is deleted in its entirety and replaced with the following quoted texted:
QUOTE
2.3.2 | The A320 NEO Airframe will be equipped with either a set of two (2) (i) CFMI LEAP-1A26 engines with an AET of 26,600 lbf or (ii) PW1127G-JM engines with an AET of 26,800 lbf (each, the “A320 NEO Propulsion System”). |
UNQUOTE
3.2 New Clauses 2.3.4, 2.3.5 and 2.3.6 are inserted into the Agreement as set forth in the following quoted text:
QUOTE
2.3.4 | The A321 NEO Airframe will be equipped with either a set of two (2) (i) CFM LEAP-1A32 engines with an AET of 32,100 lbf or (ii) PW1133G-JM engines with an AET of 32,700 lbf (each, the “A321 NEO Propulsion System”). |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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2.3.5 Intentionally Left Blank
[***]
UNQUOTE
3.3 Clause 2.3.4 of the Agreement is renumbered to Clause 2.3.7.
3.4 Clause 2.3.8 is inserted into the Agreement as set forth in the following quoted text:
QUOTE
2.3.8 | The A321 LR Airframe will be equipped with either a set of two (2) (i) CFM LEAP-1A33 engines with an AET of 32,900 lbf or (ii) PW1133G-JM engines with an AET of 32,700 lbf (each, the “A321 LR Propulsion System”). |
UNQUOTE
3.5 [***]
3.6 | CFM has informed the Seller of its intention to change the original development engine designation of all LEAP-X1A Propulsion Systems to LEAP-1A, and IAE LLC has informed the Seller of its intention to change the original development engine designation of all PW1100G Propulsion Systems to PW1100G-JM. |
The Buyer hereby agrees and accepts that any reference to respectively LEAP-X1A Propulsion Systems or LEAP-1A Propulsion Systems shall be construed as references to the same engine types.
The Buyer hereby agrees and accepts that any reference to respectively PW1100G Propulsion Systems or PW1100G-JM Propulsion Systems shall be construed as references to the same engine types.
The Buyer hereby acknowledges that any and all claims, concerns or issues it may have in respect of the foregoing shall be addressed directly to CFM or IAE LLC as applicable, and the Seller hereby declines any and all responsibility with respect to any modifications to Propulsion System designations.
4 AIRFRAME BASE PRICES
4.1 | New Clauses 3.1.13 and 3.1.14 are added to the Agreement to read as follows in the quoted text: |
QUOTE
3.1.13 | The “Base Price of the A321 LR Airframe” is the sum of the following base prices: |
(i) | the base price of the A321 LR Airframe as defined in the A321 NEO Standard Specification including nacelles and thrust reversers, the transatlantic package with [***] ACTs, [***] MTOW as per Clause 2.1.1 (vii) and excluding Buyer Furnished Equipment, which is: |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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USD $[***]
(US Dollars – [***]),
(ii) | Intentionally left blank |
(iii) | the sum of the base prices of any and all SCNs set forth in Appendix 5 to this Letter Agreement No.3, which is: |
USD $[***]
(US Dollars – [***]), and
(iv) | the base price of the Master Charge Engine, which is applicable if a CFM LEAP Propulsion System is selected, which is: |
USD $[***] (US Dollars – [***]).
3.1.14 | The A321 LR Airframe Base Price has been established in accordance with the average economic conditions prevailing in the A320 Family Base Period. |
UNQUOTE
4.2 | New Clauses 3.2.5, 3.2.6 and 3.2.7 are added to the Agreement to read as follows in the quoted text: |
QUOTE
3.2.5 | Intentionally Left Blank |
3.2.6 | (i) the base price of a set of two (2) CFM LEAP-1A24 engines (the “CFM LEAP 1A24 Propulsion System” is |
USD $[***]
(US Dollars – [***])
The Base Price of the CFM LEAP 1A24 Propulsion System has been established in accordance with the delivery conditions prevailing [***] and has been calculated from the applicable CFM Propulsion System Reference Price, as set forth in Part 2 of Exhibit C.
Notwithstanding the foregoing, the CFM Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.
(ii) | the base price of a set of two (2) CFM LEAP-1A32 engines (the “CFM LEAP 1A32 Propulsion System”) is |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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USD $[***]
(US Dollars – [***])
The Base Price of the CFM LEAP 1A32 Propulsion System has been established in accordance with the delivery conditions prevailing [***] and has been calculated from the applicable CFM Propulsion System Reference Price, as set forth in Part 2 of Exhibit C.
(iii) | the base price of a set of two (2) CFM LEAP-1A33 engines (the “CFM LEAP 1A33 Propulsion System”) is |
USD $[***]
(US Dollars – [***])
The Base Price of the CFM LEAP 1A33 Propulsion System has been established in accordance with the delivery conditions prevailing [***] and has been calculated from the applicable CFM Propulsion System Reference Price, as set forth in Part 2 of Exhibit C.
Notwithstanding the foregoing, the CFM Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.
3.2.7 | (i) the base price of a set of two (2) PW1124G-JM engines (the “PW1124G-JM Propulsion System”) is |
USD $[***]
(US Dollars – [***])
The Base Price of the PW1124G-JM Propulsion System has been established in accordance with the delivery conditions prevailing [***] and has been calculated from the applicable IAE LLC Propulsion System Reference Price, as set forth in Part 4 of Exhibit C.
Notwithstanding the foregoing, the IAE LLC Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.
(ii) | the base price of a set of two (2) PW1133G-JM engines (the “PW1133G-JM Propulsion System”) is |
USD $[***]
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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(US Dollars – [***])
The Base Price of the PW1133G-JM Propulsion System has been established in accordance with the delivery conditions prevailing [***] and has been calculated from the applicable IAE LLC Propulsion System Reference Price, as set forth in Part 4 of Exhibit C.
Notwithstanding the foregoing, the IAE LLC Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.
UNQUOTE
4.3 | [***] |
5 OTHER COMMERCIAL TERMS
5.1 | The Predelivery Payments for [***] Aircraft (excluding [***], is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.1 and 2 of Letter Agreement No. 2 to the Agreement. |
5.2 | The Predelivery Payments for NEO Aircraft (excluding the Incremental A321 NEO Aircraft, [***], Additional A321 NEO Aircraft, [***], A321 LR Aircraft [***]) is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.2 and 2 of Letter Agreement No. 2 to the Agreement. |
5.3 | The Predelivery Payments for [***] [***] Incremental A321 Aircraft, is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.3 and 2 of Letter Agreement No. 2 to the Agreement. |
5.4 | The Predelivery Payments for Incremental A321 NEO Aircraft [***] is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.4 and 2 of Letter Agreement No. 2 to the Agreement. |
5.5 | The Predelivery Payments for Additional A321 Aircraft is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.5 and 2 of Letter Agreement No. 2 to the Agreement. |
5.6 | The Predelivery Payments for Additional A321 NEO Aircraft [***] is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.6 and 2 of Letter Agreement No. 2 to the Agreement. |
5.7 | The Predelivery Payments for A321 LR Aircraft is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.7 and 2 of Letter Agreement No. 2 to the Agreement. |
5.8 | [***] |
5.9 [***]
5.10 | The purchase incentives applicable to the Additional A321 Aircraft are set forth in Paragraph 10 of Letter Agreement No. 1 to the Agreement. |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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5.11 | The purchase incentives applicable to the A321 NEO Aircraft (excluding Additional A321 NEO Aircraft [***] and Incremental A321 NEO Aircraft are set forth in Paragraph 6 of Letter Agreement No. 1 to the Agreement. |
5.12 | The purchase incentives applicable to the Additional A321 NEO Aircraft [***] are set forth in Paragraph 11 of Letter Agreement No. 1 to the Agreement. |
5.13 | The purchase incentives applicable to the [***] are set forth in Paragraph 12 of Letter Agreement No. 1 to the Agreement. |
5.14 | [***] |
5.15 | The [***] applicable to the A321 NEO Aircraft, the A321 LR Aircraft [***] is set forth in Paragraph 9 of Letter Agreement No. 1 to the Agreement. |
6. NEO AIRCRAFT AND [***]
6.1 | Notwithstanding the Delivery Schedule set forth in Clause 9.1 of the Agreement, [***] |
6.2 | If the Seller exercises its right pursuant to Paragraph 6.1 above, [***] |
6.3 | Between [***] and [***], the [***]. |
6.4 | Predelivery Payments received for any NEO Aircraft [***] pursuant to Paragraphs 6.1 or 6.3 above, [***]. |
[***]
8 | ASSIGNMENT |
Notwithstanding any other provision of this Letter Agreement or 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 8 will be void and of no force or effect.
9 CONFIDENTIALITY
This Letter Agreement is subject to the terms and conditions of Clause 22.10 of the Agreement.
10 COUNTERPARTS
This Letter Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below and return a copy to the Seller.
Very truly yours,
AIRBUS S.A.S.
By: /s/ Xxxxxxxxxx Xxxxxx
Its: Senior Vice President Contracts
Accepted and Agreed
JETBLUE AIRWAYS CORPORATION
By: /s/ Xxxxx Xxxxxx
Its: Chief Financial Officer
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APPENDIX 1
INTENTIONALLY LEFT BLANK
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APPENDIX 2
INTENTIONALLY LEFT BLANK
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APPENDIX 3
[***]
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 4
JETBLUE A321NEO CUSTOMIZATION BUDGET PROPOSAL | ||||||
Based on A321-200NX Standard Specification Issue 1.0 dated 22 April 2016 | ||||||
A321neo Aircraft | ||||||
A321-200 NEO | ||||||
ATA | TITLE | SCN Budget $[***] per aircraft | Estimated BFE Budget $[***] per aircraft | Comments | ||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | [***] | ||
[***] | [***] | [***] | [***] | [***] | ||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | [***] | ||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | [***] | ||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | [***] | ||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | |||
[***] | [***] | [***] | [***] | [***] | ||
[***] | [***] | [***] | [***] | [***] | ||
[***] | [***] | [***] | [***] | |||
TOTAL OF SCNS AND ESTIMATED BFE BUDGET – [***] PER 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 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 4
(*) : [***] | ||||||
(**) Airbus Equivalent Thrust (AET) definition: Mach number 0.25 /ISA+15°C/ sea level thrust divided by 0.8 (representative of sea level aircraft performance). | ||||||
(***): [***] |
[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 5
A321LR | ||||
Customisation SCN budget | ||||
JETBLUE AIRWAYS CORPORATION | ||||
Based on A321-200NX Standard Specification 1.0 dated 22nd April 2016 | ||||
EPAC/TDU | Title | Estimated SCN budget Price (USD) per [***] | Comments | |
ATA 02 CERTIFICATION - EXTERNAL LIVERY | ||||
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
[***] | [***] | [***] | [***] | |
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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 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 5
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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 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 5
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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 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 5
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TOTAL SCN budget(**) per [***] | $[***] | ||
(*) Airbus Equivalent Thrust (AET) definition: Mach number 0.25 /ISA+15°C/ sea level thrust divided by 0.8 (representative of sea level aircraft performance). | |||
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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 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 6
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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 under the Securities Exchange Act of 1934, as amended.
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