IAE PROPRIETARY INFORMATION
Exhibit 10.3(n)
IAE PROPRIETARY INFORMATION
IAE Building
400 Main Street
East Hartford, CT 06108 USA
December 18, 2007
JetBlue Airways Corporation
118-29 Queens Blvd.
Forest Hills, NY 11375
Attention: Vice President and Treasurer
| Subject: | Side Letter No. 23 to the V2500 General Terms of Sale Agreement between JetBlue Airways Corporation and IAE International Aero Engines AG dated May 4, 1999 (the “Agreement”) |
Dear Sir:
IAE is pleased to submit to JetBlue this Side Letter No. 23 to the Agreement in support of JetBlue’s [***] delivery of two (2) Firm Spare Engines originally scheduled for delivery in [***] 2008 and [***] 2008, respectively (the “[***] Spare Engines”). Unless expressly stated to the contrary, and to the extent possible. Capitalized terms used in this Side Letter No. 23 shall have the same meaning given to them in the Contract.
The parties herby agrees as follows with respect to such [***] Spare Engines:
| 1. | IAE will make such [***] Spare Engines available to JetBlue [***] in [***]. |
| 2. | Payment of the respective Purchase Price for each [***] Spare Engine will be [***]. In accordance with the Agreement, the Purchase Price for each such [***] Spare Engine will escalate to [***]. |
| 3. | These new [***] delivery dates is reflected in the new JetBlue Spare Engine delivery schedule set forth as Exhibit B-2 hereto, which shall replace in its entirety the existing Spare Engine delivery schedule attached to Side Letter No. 18. |
Except as expressly amended by this Side Letter No. 23 all provisions of the Agreement (as amended from time to time by various side letters and amendments) remain in full force and effect.
______________| [***] | 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. |
JBU-GTA-SL23-v0A (2007-DEC-18) (Spare Engine [***]).doc
Exhibit 10.3(n)
IAE PROPRIETARY INFORMATION
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JBU-GTA-SL23-v0A (2007-DEC-18) (Spare Engine [***]).doc
Exhibit 10.3(n)
IAE PROPRIETARY INFORMATION
Exhibit B-2
Purchased Items, Price,
Escalation Formula and Delivery
As of December 2007
| Rank No. | Purchased Item | Basic Contract | Qty | Delivery Date |
| No. 1 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /99* |
| No. 2 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /00* |
| No. 3 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /01* |
| No. 4 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /02* |
| No. 5 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /02* |
| No. 6 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /03* |
| No. 7 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /04* |
| No. 8 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /05* |
| No. 9 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /05* |
| No. 10 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /06* |
| No. 11 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /06* |
| No. 12 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /07* |
| No. 13 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /07* |
| No. 14 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /07* |
| No. 15 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /07** |
| No. 16 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /07** |
| No. 17 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /08 |
| No. 18 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /08 |
| No. 19 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /09 |
| No. 20 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /09 |
| No. 21 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /09 |
| No. 22 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /10 |
| No. 23 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /10 |
| No. 24 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /10 |
| No. 25 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /11 |
| No. 26 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /11 |
| No. 27 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /12 |
| No. 28 | V2527-A5 Spare Engine: | $ [***] | 1 | [***] /12 |
Total | 28 |
(*Denotes delivered Spare Engines; ** Denotes [***] Spare Engines in accordance with this Side Letter 23)
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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. |
JBU-GTA-SL23-v0A (2007-DEC-18) (Spare Engine [***]).doc
