P.A. No. 03524 2 SA-1 BOEING PROPRIETARY

EXHIBIT 10.32

CONFIDENTIAL TREATMENT
REQUESTED PURSUANT TO RULE 406

Supplemental Agreement No. 1

to

Purchase Agreement No. 03524

between

THE BOEING COMPANY

and

AIR LEASE CORPORATION

THIS SUPPLEMENTAL AGREEMENT is entered into as of June 30, 2011 (Supplemental Agreement No. 1) by and between THE BOEING COMPANY (Boeing) and AIR LEASE CORPORATION (Customer);

     WHEREAS, Boeing and Customer have entered into Purchase Agreement No. 03524 dated as of September 30, 2010 (Purchase Agreement) relating to the purchase and sale of Model 737-800 aircraft (Aircraft);

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to reflect Boeing’s offer and Customer’s agreement to purchase an additional eighteen (18) Aircraft in [*] and designate such incremental eighteen (18) Aircraft as Block B Aircraft (the Block B Aircraft);

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to designate the first sixty (60) Aircraft in [*] as Block A Aircraft (the Block A Aircraft). The Block A Aircraft and Block B Aircraft, collectively, are defined as the Aircraft as the context dictates;

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to identify the configuration of the Block A Aircraft in [*] (Exhibit A1) and the configuration of the Block B Aircraft in [*] (Exhibit A2) and the affect of such configurations on the Optional Features Price, Aircraft Basic Price and Advance Payment Base Price for each such Aircraft;

     WHEREAS, [*];

     WHEREAS, [*];

     WHEREAS, [*];

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to revise Letter Agreement LSQ-PA-03524-LA-1001395, Advance

Payment Matters to include additional terms applicable to Advance Payments for the Block B Aircraft;

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to revise Letter Agreement LSQ-PA-03524-LA-1001396, Special Escalation and Letter Agreement LSQ-PA-03524-1001404, Special Matters, to limit the applicability of such Letter Agreements to Block A Aircraft only;

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to revise Letter Agreement LSQ-PA-03524-LA-1001398, Liquidated Damages — Non-Excusable Delay to include additional terms applicable to Liquidated Damages for the Block B Aircraft;

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to remove Letter Agreement No. LSQ-PA-03524-LA-1001400, Open Configuration Matters;

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to add Letter Agreement No. LSQ-PA-03524-LA-1104952 [*];

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to add Letter Agreement No. LSQ-PA-03524-LA-1104956 Special Matters — Block B Aircraft, to include the business considerations related to the addition of the incremental Block B Aircraft; and

     WHEREAS, Boeing and Customer desire to amend the Purchase Agreement to add Letter Agreement No. LSQ-PA-03524-LA-1104959 [*].

     NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Purchase Agreement as follows:

1. Table of Contents.

     The Table of Contents of the Purchase Agreement is deleted in its entirety and replaced by a new Table of Contents, attached as Enclosure 1, which reflects the revisions set forth in this Supplemental Agreement No. 1.

2. Table 1, Aircraft Information Table.

     (a) Table 1 to Purchase Agreement No. 3524, Aircraft Delivery, Description, Price and Advance Payments is deleted in its entirety and is replaced by Table 1A to Purchase Agreement No. 3524, Aircraft Information Table — Model 737-8LH Aircraft (Block A Aircraft) and Table 1B to Purchase Agreement No. 3524, Aircraft Information Table — Model 737-8LH Aircraft (Block B Aircraft), collectively, Table 1 as the context dictates.

     (b) Table 1A to Purchase Agreement No. 3524, Aircraft Information Table — Model 737-8LH Aircraft (Block A Aircraft), attached as Enclosure 2 to this Supplemental Agreement No. 1, reflects (i) the identification of Exhibit A1 as the configuration for the Block A Aircraft and the affect of such configuration on the

P.A. No. 03524		2		SA-1

BOEING PROPRIETARY

Optional Features Price, Aircraft Basic Price, and Advance Payment Base Price for such Block A Aircraft (ii) [*], (iii) [*], and (iv) [*].

     (c) Table 1B to Purchase Agreement No. 3524, Aircraft Information Table — Model 737-8LH Aircraft (Block B Aircraft), attached as Enclosure 3 to this Supplemental Agreement No. 1, is added to the Purchase Agreement and reflects the addition of the Block B Aircraft to the Purchase Agreement in [*].

3. Exhibits and Supplemental Exhibits.

     (a) Exhibit A, “Aircraft Configuration” is deleted in its entirety and replaced with Exhibit A1, 737-8LH Aircraft Configuration [*] attached as Enclosure 4 to this Supplemental Agreement No. 1.

     (b) Add Exhibit A2, 737-8LH Aircraft Configuration [*] attached as Enclosure 5 to this Supplemental Agreement No. 1.

     (c) Supplemental Exhibit BFE1, BFE Variables, is deleted in its entirety and replaced with a revised Supplemental Exhibit BFE1-R1, BFE Variables, attached as Enclosure 6 to this Supplemental Agreement No. 1, which reflects the addition of the BFE on dock dates for the Block B Aircraft.

4. Letter Agreements.

     (a) Letter Agreement, LSQ-PA-03524-LA-1001393, [*], is deleted in its entirety.

     (b) Letter Agreement, LSQ-PA-03524-LA-1001395, Advance Payment Matters, is revised to include terms applicable to Block B Aircraft. Revised Letter Agreement LSQ-PA-03524-LA-1001395R1, Advance Payment Matters, is included as Enclosure 7 to this Supplemental Agreement No. 1.

     (c) Letter Agreement, LSQ-PA-03524-LA-1001396, Special Escalation, is revised to limit applicability to Block A Aircraft only. Revised Letter Agreement LSQ-PA-03524-1001396R1, Special Escalation — Block A Aircraft, is included as Enclosure 8 to this Supplemental Agreement No. 1.

     (d) Letter Agreement, LSQ-PA-03524-LA-1001400, Open Configuration Matters, is deleted in its entirety.

     (e) Letter Agreement, LSQ-PA-03524-LA-1001404, Special Matters, is revised to limit applicability to Block A Aircraft only. Revised Letter Agreement LSQ-PA-03524-1001404R1, Special Matters — Block A Aircraft, is included as Enclosure 9 to this Supplemental Agreement No. 1.

     (f) Letter Agreement, LSQ-PA-03524-LA-1104952 [*], is added to the Purchase Agreement and is included as Enclosure 10 to this Supplemental Agreement No. 1.

P.A. No. 03524		3		SA-1

BOEING PROPRIETARY

     (g) Letter Agreement, LSQ-PA-03524-LA-1104956, Special Matters — Block B Aircraft, is added to the Purchase Agreement and is included as Enclosure 11 to this Supplemental Agreement No. 1.

     (h) Letter Agreement, LSQ-PA-03524-LA-1104959, [*], is added to the Purchase Agreement and is included as Enclosure 12 to this Supplemental Agreement No. 1.

     (i) Letter Agreement, LSQ-PA-03524-LA-1001398, Liquidated Damages — Non-Excusable Delay, is revised to include terms applicable to Block B Aircraft. Revised Letter Agreement LSQ-PA-03524-LA-1001398R1, Liquidated Damages — Non-Excusable Delay, is included as Enclosure 13 to this Supplemental Agreement No. 1.

5. Balance Due at Closing.

     Customer agrees that upon execution of this Supplemental Agreement No. 1 to transfer to Boeing’s account at JPMorgan Chase Bank, New York, New York, the sum of [*], which is the incremental increase to advance payments owing by Customer to Boeing as a result of purchasing the Block B Aircraft.

The Purchase Agreement will be deemed to be amended to the extent herein provided and as so amended will continue in full force and effect.

EXECUTED IN DUPLICATE as of the day and year first above written.

THE BOEING COMPANY				AIR LEASE CORPORATION
By:		/s/ Katherine B. Gunal		By:		/s/ Steven F. Udvar-Házy
Its:		Attorney-In-Fact		Its:		Chairman & CEO

Attachments

P.A. No. 03524		4		SA-1

BOEING PROPRIETARY

Enclosure 1

TABLE OF CONTENTS

ARTICLES				SA No.
Article 1.		Quantity, Model and Description.
Article 2.		Delivery Schedule
Article 3.		Price
Article 4.		Payment
Article 5.		Additional Terms

TABLE
1A		Aircraft Information Table — Block A Aircraft		SA-1
1B		Aircraft Information Table — Block B Aircraft		SA-1

EXHIBIT
A1		Aircraft Configuration — Model 737-8LH (July 2008 dollars)		SA-1
A2		Aircraft Configuration — Model 737-8LH (July 2010 dollars)		SA-1
B		Aircraft Delivery Requirements and Responsibilities

SUPPLEMENTAL EXHIBITS
AE1		Escalation Adjustment/Airframe and Optional Features
BFE1		BFE Variables
CS1		Customer Support Variables
EE1		[*], Engine Warranty and Patent Indemnity
SLP1		Service Life Policy Components

LETTER AGREEMENTS
LA-1001388		[*]
LA-1001389		[*]
LA-1001390		AGTA Matters
LA-1001391		Demonstration Flight Waiver
LA-1001393		[*]		SA-1
LA-1001394		Assignment of Customer’s Interest to a Subsidiary or Affiliate
LA-1001395R1		Advance Payment Matters		SA-1
LA-1001396R1		Special Escalation — Block A Aircraft		SA-1
LA-1001397		Other Matters
LA-1001398R1		Liquidated Damages Non-Excusable Delay		SA-1
LA-1001399		Loading of Customer Software
LA-1001400		Open Configuration Matters		SA-1
LA-1001401		Performance Guarantees
LA-1001402		Significant Improvement 737NG
LA-1001403		Leasing Matters
LA-1001404R1		Special Matters — Block A Aircraft		SA-1
LA-1104952		[*]		SA-1
LA-1104956		Special Matters — Block B Aircraft		SA-1
LA-1104959		[*]		SA-1

P.A. No. 3524		i		SA-1

BOEING PROPRIETARY

Table 1A To
Purchase Agreement No. PA-03524
Aircraft Information Table — Model 737-8LH Aircraft — Block A Aircraft

Airframe Model/MTOW:

737-800

174200 pounds

Detail Specification:

D019A001-N (1/29/2010)

Engine Model/Thrust:

CFM56-7B24

24000 pounds

Airframe Price Base Year/Escalation Formula:

[*]                [*]

Airframe Price:

[*]

Engine Price Base Year/Escalation Formula:

[*]               [*]

Optional Features:

[*]

Sub-Total of Airframe and Features:

[*]

Airframe Escalation Data:

Engine Price (Per Aircraft):

[*]

Base Year Index (ECI):

[*]

Aircraft Basic Price (Excluding BFE/SPE):

[*]

Base Year Index (CPI):

[*]

Buyer Furnished Equipment (BFE) Estimate:

[*]

Seller Purchased Equipment (SPE) Estimate:

[*]

Deposit per Aircraft:

[*]

Escalation

Estimate

Manufacturer's

Escalation

Adv Payment

Delivery

Aircraft

Serial

Factor

Configuration

Base

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Date

No.

No.

(Airframe)

Lessee

Exhibit

Price Per A/P

[*]

[*]

[*]

[*]

[*] 2012

1

41299

[*]

[*]

[*]

[*]

[*]

[*]

[*]

2

41300

[*]

[*]

[*]

[*]

[*]

[*]

[*]

3

41301

[*]

[*]

[*]

[*]

[*]

[*]

[*]

4

41302

[*]

[*]

[*]

[*]

[*]

[*]

				SA-1
		Boeing Proprietary		Page 1

Table 1A To
Purchase Agreement No. PA-03524
Aircraft Information Table — Model 737-8LH Aircraft — Block A Aircraft

Escalation

Estimate

Manufacturer's

Escalation

Adv Payment

Delivery

Aircraft

Serial

Factor

Configuration

Base

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Date

No.

No.

(Airframe)

Lessee

Exhibit

Price Per

[*]

[*]

[*]

[*]

[*]

5

41303

[*]

[*]

[*]

[*]

[*]

[*]

[*]

6

41304

[*]

[*]

[*]

[*]

[*]

[*]

[*]

7

41305

[*]

[*]

[*]

[*]

[*]

[*]

[*]

8

41306

[*]

[*]

[*]

[*]

[*]

[*]

[*]

9

41307

[*]

[*]

[*]

[*]

[*]

[*]

[*]

10

41308

[*]

[*]

[*]

[*]

[*]

[*]

[*]

11

41309

[*]

[*]

[*]

[*]

[*]

[*]

[*]

12

41310

[*]

[*]

[*]

[*]

[*]

[*]

[*]

13

41311

[*]

[*]

[*]

[*]

[*]

[*]

[*]

14

41312

[*]

[*]

[*]

[*]

[*]

[*]

[*]

15

41313

[*]

[*]

[*]

[*]

[*]

[*]

[*]

16

41314

[*]

[*]

[*]

[*]

[*]

[*]

[*]

17

41315

[*]

[*]

[*]

[*]

[*]

[*]

[*]

18

41316

[*]

[*]

[*]

[*]

[*]

[*]

[*]

19

41317

[*]

[*]

[*]

[*]

[*]

[*]

[*]

20

41318

[*]

[*]

[*]

[*]

[*]

[*]

*[*]				SA-1
		Boeing Proprietary		Page 2

Table 1A To
Purchase Agreement No. PA-03524
Aircraft Information Table — Model 737-8LH Aircraft — Block A Aircraft

Escalation

Estimate

Manufacturer's

Escalation

Adv Payment

Delivery

Aircraft

Serial

Factor

Configuration

Base

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Date

No.

No.

(Airframe)

Lessee

Exhibit

Price Per

[*]

[*]

[*]

[*]

[*]

21

41319

[*]

[*]

[*]

[*]

[*]

[*]

[*]

22

41320

[*]

[*]

[*]

[*]

[*]

[*]

[*]

23

41321

[*]

[*]

[*]

[*]

[*]

[*]

[*]

24

41322

[*]

[*]

[*]

[*]

[*]

[*]

[*]

25

41323

[*]

[*]

[*]

[*]

[*]

[*]

[*]

26

41324

[*]

[*]

[*]

[*]

[*]

[*]

[*]

27

41325

[*]

[*]

[*]

[*]

[*]

[*]

[*]

28

41326

[*]

[*]

[*]

[*]

[*]

[*]

[*]

29

41327

[*]

[*]

[*]

[*]

[*]

[*]

[*]

30

41328

[*]

[*]

[*]

[*]

[*]

[*]

[*]

31

41329

[*]

[*]

[*]

[*]

[*]

[*]

[*]

32

41330

[*]

[*]

[*]

[*]

[*]

[*]

[*]

33

41331

[*]

[*]

[*]

[*]

[*]

[*]

[*]

34

41332

[*]

[*]

[*]

[*]

[*]

[*]

[*]

35

41333

[*]

[*]

[*]

[*]

[*]

[*]

[*]

36

41334

[*]

[*]

[*]

[*]

[*]

[*]

*[*]				SA-1
		Boeing Proprietary		Page 3

Table 1A To
Purchase Agreement No. PA-03524
Aircraft Information Table — Model 737-8LH Aircraft — Block A Aircraft

Escalation

Estimate

Manufacturer's

Escalation

Adv Payment

Delivery

Aircraft

Serial

Factor

Configuration

Base

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Date

No.

No.

(Airframe)

Lessee

Exhibit

Price Per

[*]

[*]

[*]

[*]

[*]

37

41335

[*]

[*]

[*]

[*]

[*]

[*]

[*]

38

41336

[*]

[*]

[*]

[*]

[*]

[*]

[*]

39

41337

[*]

[*]

[*]

[*]

[*]

[*]

[*]

40

41338

[*]

[*]

[*]

[*]

[*]

[*]

[*]

41

41339

[*]

[*]

[*]

[*]

[*]

[*]

[*]

42

41340

[*]

[*]

[*]

[*]

[*]

[*]

[*]

43

41341

[*]

[*]

[*]

[*]

[*]

[*]

[*]

44

41342

[*]

[*]

[*]

[*]

[*]

[*]

[*]

45

41343

[*]

[*]

[*]

[*]

[*]

[*]

[*]

46

41344

[*]

[*]

[*]

[*]

[*]

[*]

[*]

47

41345

[*]

[*]

[*]

[*]

[*]

[*]

[*]

48

41346

[*]

[*]

[*]

[*]

[*]

[*]

[*]

49

41347

[*]

[*]

[*]

[*]

[*]

[*]

[*]

50

41348

[*]

[*]

[*]

[*]

[*]

[*]

[*]

51

41349

[*]

[*]

[*]

[*]

[*]

[*]

[*]

52

41350

[*]

[*]

[*]

[*]

[*]

[*]

*[*]				SA-1
		Boeing Proprietary		Page 4

Table 1A To
Purchase Agreement No. PA-03524
Aircraft Information Table — Model 737-8LH Aircraft — Block A Aircraft

Escalation

Estimate

Manufacturer's

Escalation

Adv Payment

Delivery

Aircraft

Serial

Factor

Configuration

Base

Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Date

No.

No.

(Airframe)

Lessee

Exhibit

Price Per

[*]

[*]

[*]

[*]

[*]

53

41351

[*]

[*]

[*]

[*]

[*]

[*]

[*]

54

41352

[*]

[*]

[*]

[*]

[*]

[*]

[*]

55

41353

[*]

[*]

[*]

[*]

[*]

[*]

[*]

56

41354

[*]

[*]

[*]

[*]

[*]

[*]

[*]

57

41355

[*]

[*]

[*]

[*]

[*]

[*]

[*]

58

41356

[*]

[*]

[*]

[*]

[*]

[*]

[*]

59

41357

[*]

[*]

[*]

[*]

[*]

[*]

[*] 2017

60

41358

[*]

[*]

[*]

[*]

[*]

[*]

Total:

60

*[*]				SA-1
		Boeing Proprietary		Page 5

Enclosure 3

Table 1B to
Purchase Agreement No. PA-03524
Aircraft Information Table — Model 737-8LH Aircraft — Block B Aircraft

Table 1B to
Purchase Agreement No. PA-03524
Aircraft Information Table — Model 737-8LH Aircraft — Block B Aircraft

Escalation

Estimate

Manufacturer

Escalation

Optional

SPE

BFE

Adv Payment

Advance Payment Per Aircraft

Delivery

Number of

Serial

Factor

P.A.

Features Price

Estimate

Estimate

Base

(Amts. Due/Mos. Prior to Delivery):

Date

Aircraft

Model

Number

(Airframe)

Lessee

Exhibit A

(2010$STE)

(2010$STE)

(2010$STE)

Price Per A/P

[*]

[*]

[*]

[*]

[*] 2015

1

737-8LH

42050

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42051

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42052

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42053

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42054

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

		Boeing Proprietary		SA-1 Page 1

Enclosure 3

Escalation

Estimate

Manufacturer

Escalation

Optional

SPE

BFE

Adv Payment

Advance Payment Per Aircraft

Delivery

Number of

Serial

Factor

P.A.

Features Price

Estimate

Estimate

Base

(Amts. Due/Mos. Prior to Delivery):

Date

Aircraft

Model

Number

(Airframe)

Lessee

Exhibit A

(2010$STE)

(2010$STE)

(2010$STE)

Price Per A/P

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42055

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42056

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42057

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42058

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42059

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42060

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42061

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42062

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42063

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42064

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42065

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

1

737-8LH

42066

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*] 2018*

1

737-8LH

42067

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

Total:

18

[*]

		Boeing Proprietary		SA-1 Page 2

Enclosure 4

737-8LH AIRCRAFT CONFIGURATION

between

THE BOEING COMPANY

and

AIR LEASE CORPORATION

Exhibit A1 to Purchase Agreement Number PA-03524

[*]

		A1
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 4		BOEING PROPRIETARY
Exhibit A1 — LSQ 737-8LH Configuration [*]

[*]

		Exhibit A1-3
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 4		BOEING PROPRIETARY
Exhibit A1 — LSQ 737-8LH Configuration [*]

[*]

		Exhibit A1-4
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 4		BOEING PROPRIETARY
Exhibit A1 — LSQ 737-8LH Configuration [*]

[*]

		Exhibit A1-5
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 4		BOEING PROPRIETARY
Exhibit A1 — LSQ 737-8LH Configuration [*]

[*]

		Exhibit A1-6
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 5

737-8LH AIRCRAFT CONFIGURATION

between

THE BOEING COMPANY

and

AIR LEASE CORPORATION

Exhibit A2 to Purchase Agreement Number PA-03524

[*]

		A1-2
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 5

Exhibit A2

AIRCRAFT CONFIGURATION

Dated June 30, 2011

relating to

BOEING MODEL 737-8LH AIRCRAFT

The Detail Specification is D019A001LSQ38 Rev NEW dated when released. Such Detail Specification will be comprised of Boeing Configuration Specification D019A001, Revision N, dated January 29, 2010 as amended to incorporate the Options listed below, including the effects on Manufacturer’s Empty Weight (MEW) and Operating Empty Weight (OEW). Boeing will furnish to Customer copies of the Detail Specification, which copies will reflect such Options upon request. The Aircraft Basic price reflects and includes all effects of Options upon request, except such Aircraft Basic price does not include the price effects of any Buyer Furnished Equipment or Seller Purchase Equipment.

		A1-2
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 5		BOEING PROPRIETARY
Exhibit A2 — LSQ 737-8LH Configuration [*]

[*]

		Exhibit A2-3
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 5		BOEING PROPRIETARY
Exhibit A2 — LSQ 737-8LH Configuration [*]

[*]

		Exhibit A2-4
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 5		BOEING PROPRIETARY
Exhibit A2 — LSQ 737-8LH Configuration [*]

[*]

		Exhibit A2-5
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 5		BOEING PROPRIETARY
Exhibit A2 — LSQ 737-8LH Configuration [*]

     [*]

		Exhibit A2-6
P.A. 03524		BOEING PROPRIETARY		SA-1

Enclosure 6

BUYER FURNISHED EQUIPMENT VARIABLES

between

THE BOEING COMPANY

and

AIR LEASE CORPORATION

Supplemental Exhibit BFE1-R1
to Purchase Agreement Number PA-03524

LSQ-PA-03524-BFE1-R1		SA-1
		BFE1-R1 Page 1

Enclosure 6

BUYER FURNISHED EQUIPMENT VARIABLES

relating to

BOEING MODEL 737-800 AIRCRAFT

     This Supplemental Exhibit BFE1-R1 contains supplier selection dates, on-dock dates and other requirements applicable to the Aircraft.

1. Supplier Selection.

Customer will:

     Select and notify Boeing of the suppliers of the following BFE items by the following dates and will provide the part numbers to support the Initial Technical Coordination Meetings (ITCM) as scheduled between the parties:

Galley System		[*]
Galley Inserts		[*]
Seats (passenger)		[*]
Overhead & Audio System		[*]
In-Seat Video System		[*]
Miscellaneous Emergency Equipment		[*]
Cargo Handling Systems* (Single Aisle Programs only)		[*]

2. On-dock Dates and Other Information.

     On or before [*], Boeing will provide to Customer the BFE Requirements electronically through My Boeing Fleet (MBF in My Boeing Configuration (MBC). These requirements may be periodically revised, setting forth the items, quantities, on-dock dates and shipping instructions and other requirements relating to the in-sequence installation of BFE. For planning purposes, preliminary BFE on-dock dates are set forth in the attachment to this Supplemental Exhibit BFE1-R1.

LSQ-PA-03524-BFE1-R1		SA-1
		BFE1-R1 Page 2

3. Additional Delivery Requirements.

     Customer will be the “importer of record” (as defined by the U.S. Customs and Border Protection) for all BFE imported into the United States, and as such, it has the responsibility to ensure all of Customer’s BFE shipments comply with U.S. Customs Service regulations. In the event Customer requests Boeing, in writing, to act as importer of record for Customer’s BFE, and Boeing agrees to such request, Customer is responsible for ensuring Boeing can comply with all U.S. Customs Import Regulations by making certain that, at the time of shipment, all BFE shipments comply with the requirements in the “International Shipment Routing Instructions”, including the Customs Trade Partnership Against Terrorism (C-TPAT), as set out on the Boeing website referenced below. Customer agrees to include the International Shipment Routing Instructions, including C-TPAT requirements, in each contract between Customer and BFE supplier.

http://www.boeing.com/companyoffices/doingbiz/supplier_portal/index_general.html

LSQ-PA-03524-BFE1
		BFE1 Page 3

Attachment to PA-03524
Supplemental Exhibit BFE1-R1
Page 1

Preliminary BFE On-dock Schedule
Purchase Agreement PA-03524

Scheduled

Antennas &

Cabin

Miscellaneous/

Month of

Galleys /

Mounting

Systems

Emergency

Textiles /

Cargo

Provision

Delivery:

Seats

Furnishings

Equipment

Avionics

Equipment

Equipment

Raw Material

Systems

Kits

Radomes

[*] 2012

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LSQ-PA-03524-BFE1-R1		SA-1

Attachment to PA-03524
Supplemental Exhibit BFE1-R1
Page 2

Preliminary BFE On-dock Schedule
Purchase Agreement PA-03524

Scheduled

Antennas &

Cabin

Miscellaneous/

Month of

Galleys /

Mounting

Systems

Emergency

Textiles /

Cargo

Provision

Delivery:

Seats

Furnishings

Equipment

Avionics

Equipment

Equipment

Raw Material

Systems

Kits

Radomes

[*]

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