0.1 | Clause 0 to the Agreement is amended to either modify or add the following defined terms between the words “QUOTE” and “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. |
2.1 | [***], 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. |
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 [***]. |
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 [***]. |
3.1 | 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 | [***] . |
4.1 | 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 |
6 | CONFIDENTIALIT Y |
7 | ASSIGNMEN T |
8 | COUNTERPART S |
9 | INTERPRETATION AND LAW |
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 | 104 442 | 173 | 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 |
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 | 402 147 | 214 | 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 |
107 | 402 157 | 221 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
108 | 402 158 | 222 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
109 | 402 160 | 224 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
110 | 402 161 | 225 | 2018 Converted A321 NEO Aircraft | [***] | 2021 |
111 | 402 162 | 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 |
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 | 159 925 | 129 | Group 1 A320 Aircraft | [***] | 2012 |
9 | 159 939 | 130 | A320 Backlog Aircraft | [***] | 2013 |
10 | 159 960 | 131 | A320 Backlog Aircraft | [***] | 2013 |
11 | 159 961 | 132 | A320 Backlog Aircraft | [***] | 2013 |
12 | 159 962 | 133 | 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 | 159 956 | 146 | 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 | 159 930 | 151 | 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 |
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 | ||
126 | 402 127 | 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 | ||
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 | ||
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. |
3.1 | 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. |
4.1 | 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. |
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 | [***] . |
5.1 | 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. |
7.1 | 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”): |
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 | [*** ] |
9.1.1 | [*** ] |
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. |
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: |
28 | ADMINISTRATION OF CREDITS |
3 0 | ASSIGNMEN T |
32 | COUNTERPART S |
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: |
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 | [***] | |||
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: |
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] | |
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: |
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. | |||
Payment Date | Percentage of Predelivery Payment Reference Price | |||
1st Payment | [***] | [***] | ||
2nd Payment | [***] | [***] | ||
3rd Payment | [***] | [***] | ||
______________________________________________________ | ||||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] | |||
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: |
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] | |
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: |
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 | [***] | ||
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: |
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
4th Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] | |
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: |
Payment Date | Percentage of Predelivery Payment Reference Price | |
1st Payment | [***] | [***] |
2nd Payment | [***] | [***] |
3rd Payment | [***] | [***] |
4th Payment | [***] | [***] |
______________________________________________________ | ||
TOTAL PAYMENT PRIOR TO DELIVERY | [***] | |
1.8 | [*** ] |
2. | PDP DEFERRAL |
5.3.5 | [*** ] |
4 | ASSIGNMEN T |
5 | CONFIDENTIALIT Y |
6 | COUNTERPART S |
2 | [*** ] |
2.1 | INTENTIONALLY LEFT BLANK |
2.3.1 | 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: |
2.3.7 | Intentionally left blank |
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”). |
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”). |
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”). |
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. |
4.1 | New Clauses 3.1.13 and 3.1.14 are added to the Agreement to read as follows in the quoted text: |
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: |
(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: |
(iv) | the base price of the Master Charge Engine, which is applicable if a CFM LEAP Propulsion System is selected, which is: |
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. |
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: |
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 |
(ii) | the base price of a set of two (2) CFM LEAP-1A32 engines (the “CFM LEAP 1A32 Propulsion System”) is |
(iii) | the base price of a set of two (2) CFM LEAP-1A33 engines (the “CFM LEAP 1A33 Propulsion System”) is |
3.2.7 | (i) the base price of a set of two (2) PW1124G-JM engines (the “PW1124G- JM Propulsion System”) is |
(ii) | the base price of a set of two (2) PW1133G-JM engines (the “PW1133G-JM Propulsion System”) is |
4.3 | [*** ] |
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 | [*** ] |
5.10 | The purchase incentives applicable to the Additional A321 Aircraft are set forth in Paragraph 10 of Letter Agreement No. 1 to the Agreement. |
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. |
6.1 | 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 |
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 | ||
[***] | [***] | [***] | [***] | |||
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TOTAL OF SCNS AND ESTIMATED BFE BUDGET – [***] PER AIRCRAFT(***) | [***] | [***] | ||||
(*) : [***] | ||||||
(**) 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). | ||||||
(***): [***] | ||||||
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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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). | |||||||
[***] | |||||||