IAE PROPRIETARY INFORMATION

EX-10.3(W) 4 d273260dex103w.htm SIDE LETTER NO. 32 TO V2500 GENERAL TERMS OF SALE Side letter No. 32 to V2500 General Terms of Sale

Exhibit 10.3(w)

IAE PROPRIETARY INFORMATION

 

628 Hebron Avenue, Suite 400

Glastonbury, CT 06033 USA

November 8, 2011

Mr. Mark Powers

Senior Vice President and Treasurer

JetBlue Airways Corporation

118-29 Queens Boulevard

Forest Hills, NY 11375

 

Subject: Side Letter No. 32 to the V2500 General Terms of Sale Agreement between JetBlue Airways Corporation and IAE International Aero Engines AG dated May 4, 1999.

Ladies and Gentlemen:

We refer to the General Terms of Sale Agreement dated May 4, 1999 between IAE International Aero Engines AG (“IAE”) and JetBlue Airways Corporation (“JetBlue”), as amended from time to time, such contract being hereinafter referred to as the “Agreement”.

Unless expressly stated to the contrary, and to the extent possible, capitalized terms used in this Side Letter Agreement No. 32 (“Side Letter No. 32”) shall have the same meaning given to them in the Agreement. In the event of a conflict between the terms and provisions of this Side Letter No. 32 and those of the Agreement, this Side Letter No. 32 shall govern.

NOW, THEREFORE, the Parties hereby agree as follows:

 

1. Revision to Exhibit B-1

 

  1.1 The Parties hereby agree that Exhibit B-1 to the Agreement, Aircraft Delivery Schedules, is hereby deleted in its entirety and replaced by the revised delivery schedule attached as Appendix 1 hereto which captures the amendments as set forth in Clause 2 below.

 

2. Aircraft Re-Basing

 

  2.1. Firm Aircraft No. 122, with actual delivery date of [***] 2011, shall be [***].

 

  2.2. Firm Aircraft No. 122 shall receive [***].

 

  2.3. The [***] upon delivery and acceptance of Firm Aircraft No. 122 shall be [***] as set forth in Section D of Side Letter No. 25 to the Agreement, if applicable.

 

[***]

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.

3. Miscellaneous

 

  3.1 This Side Letter No. 32 is not, and shall not be construed as, a waiver of either Party’s rights or remedies.

 

  3.2 This Side Letter No. 32 contains matters of a confidential and proprietary nature and is delivered on the express condition that its terms shall not be disclosed to any third party or reproduced in whole or in part for anyone other than the parties hereto without the other party’s prior written consent, unless otherwise stated herein.

 

  3.3 This Side Letter No. 32 constitutes a valid, legal, binding obligation. This Side Letter No. 32 shall be construed and interpreted in accordance with the laws of the State of Connecticut, United States of America with the exception of its conflict of law provisions.

 

  3.4 This Side Letter No. 32 may be executed in one or more counterparts, each of which when so executed and delivered shall be an original but shall constitute one and the same instrument.

Except as expressly amended by this Side Letter No. 32, all provisions of the Agreement (as amended from time to time by various side letters and amendments) remain in full force and effect.

 

Very truly yours,     Agreed to and accepted on behalf of
IAE International Aero Engines AG     JetBlue Airways Corporation

/s/ Debarshi Mandal

    

/s/ Mark D. Powers

Name     Name

Commercial Manager

    

CFO

Title     Title

11/10/11

    

11/10/11

Date     Date

 

Page 2 of 8

APPENDIX 1

Exhibit B-1

Aircraft Delivery Schedules

As of October 2011

 

 

Glossary Notes:

 

•  

Delivered Aircraft are indicated by Italics typeface

 

•  

Existing Firm Aircraft are indicated by normal typeface

 

•  

Incremental Firm Aircraft are indicated by an asterisk (*)

 

•  

2004 Incremental Aircraft, including all 2004 Incremental Aircraft and all Option Aircraft are indicated by bold typeface.

 

•  

Applicable escalation formulae, indicated for the calculation of Fleet Introductory Assistance credits, are in accordance with Side Letter No. 13 and Side Letter No. 17 to the Agreement, as amended by Side Letter No. 25 to the Agreement.

 

 

 

Rank No.

   

Aircraft

    Contracted
Month		   Contracted
Year		   

Applicable Escalation

No. 1

    Firm Aircraft    [***]   2000    Formula I

No. 2

    Firm Aircraft    [***]   2000    Formula I

No. 3

    Firm Aircraft    [***]   2000    Formula I

No. 4

    Firm Aircraft    [***]   2000    Formula I

No. 5

    Firm Aircraft    [***]   2000    Formula I

No. 6

    Firm Aircraft    [***]   2000    Formula I

No. 7

    Firm Aircraft    [***]   2001    Formula I

No. 8

    Firm Aircraft    [***]   2001    Formula I

No. 9

    Firm Aircraft    [***]   2001    Formula I

No. 10

    Firm Aircraft    [***]   2001    Formula I

No. 11

    Firm Aircraft    [***]   2001    Formula I

No. 12

    Firm Aircraft    [***]   2001    Formula I

No. 13

    Firm Aircraft    [***]   2001    Formula I

No. 14

    Firm Aircraft    [***]   2002    Formula I

No. 15

    Firm Aircraft    [***]   2002    Formula I

No. 16

    Firm Aircraft    [***]   2002    Formula I

No. 17

    Firm Aircraft    [***]   2002    Formula I

No. 18

    Firm Aircraft    [***]   2002    Formula I

No. 19

    Firm Aircraft    [***]   2002    Formula I

No. 20

    Firm Aircraft    [***]   2002    Formula I

No. 21

    Firm Aircraft    [***]   2002    Formula I

No. 22

    Firm Aircraft    [***]   2002    Formula I

No. 23

    Firm Aircraft    [***]   2002    Formula I

No. 24

    Firm Aircraft    [***]   2002    Formula I

No. 25

    Firm Aircraft    [***]   2002    Formula I

No. 26

    Firm Aircraft    [***]   2002    Formula I

 

[***]

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.

 

Page 3 of 8

Rank No.

   

Aircraft

    Contracted
Month		   Contracted
Year		   

Applicable Escalation

  

No. 27

    Firm Aircraft    [***]   2002    Formula I  

No. 28

    Firm Aircraft    [***]   2002    Formula I  

No. 29

    Firm Aircraft    [***]   2002    Formula I  

No. 30

    Firm Aircraft    [***]   2003    Formula I  

No. 31

    Firm Aircraft    [***]   2003    Formula I  

No. 32

    Firm Aircraft    [***]   2003    Formula I  

No. 33

    Firm Aircraft    [***]   2003    Formula I  

No. 34

    Firm Aircraft    [***]   2003    Formula I  

No. 35

    Firm Aircraft    [***]   2003    Formula I  

No. 36

    Firm Aircraft    [***]   2003    Formula I  

No. 37

    Firm Aircraft    [***]   2003    Formula I  

No. 38

    Firm Aircraft    [***]   2003    Formula I  

No. 39

    Firm Aircraft    [***]   2003    Formula I  

No. 40

    Firm Aircraft    [***]   2003    Formula I  

No. 41

    Firm Aircraft    [***]   2003    Formula I  

No. 42

    Firm Aircraft    [***]   2003    Formula I  

No. 43

    Firm Aircraft    [***]   2003    Formula I  

No. 44

    Firm Aircraft    [***]   2003    Formula I  

No. 45

    Firm Aircraft    [***]   2004    Formula I  

No. 46

    Firm Aircraft    [***]   2004    Formula I  

No. 47

    Firm Aircraft    [***]   2004    Formula I  

No. 48

    Firm Aircraft    [***]   2004    Formula I  

No. 49

    Firm Aircraft    [***]   2004    Formula I  

No. 50

    Firm Aircraft    [***]   2004    Formula I  

No. 51

    Firm Aircraft    [***]   2004    Formula I  

No. 52

    Firm Aircraft    [***]   2004    Formula I  

No. 53

    Firm Aircraft    [***]   2004    Formula I  

No. 54

    Firm Aircraft    [***]   2004    Formula I  

No. 55

    Firm Aircraft    [***]   2004    Formula I     *   

No. 56

    Firm Aircraft    [***]   2004    Formula I  

No. 57

    Firm Aircraft    [***]   2004    Formula I  

No. 58

    Firm Aircraft    [***]   2004    Formula I  

No. 59

    Firm Aircraft    [***]   2004    Formula I     *   

No. 60

    Firm Aircraft    [***]   2005    Formula I  

No. 61

    Firm Aircraft    [***]   2005    Formula I  

No. 62

    Firm Aircraft    [***]   2005    Formula I     *   

No. 63

    Firm Aircraft    [***]   2005    Formula I  

No. 64

    Firm Aircraft    [***]   2005    Formula I  

No. 65

    Firm Aircraft    [***]   2005    Formula I  

No. 66

    Firm Aircraft    [***]   2005    Formula I  

No. 67

    Firm Aircraft    [***]   2005    Formula I     *   

 

[***]

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.

 

Page 4 of 8

Rank No.

   

Aircraft

    Contracted
Month		   Contracted
Year		   

Applicable Escalation

  

No. 68

    Firm Aircraft    [***]   2005    Formula I  

No. 69

    Firm Aircraft    [***]   2005    Formula I  

No. 70

    Firm Aircraft    [***]   2005    Formula I  

No. 71

    Firm Aircraft    [***]   2005    Formula I     *   

No. 72

    Firm Aircraft    [***]   2005    Formula I  

No. 73

    Firm Aircraft    [***]   2005    Formula I  

No. 74

    Firm Aircraft    [***]   2005    Formula I     *   

No. 75

    Firm Aircraft    [***]   2005    Formula I     *   

No. 76

    Firm Aircraft    [***]   2006    Formula II  

No. 77

    Firm Aircraft    [***]   2006    Formula I  

No. 78

    Firm Aircraft    [***]   2006    Formula I     *   

No. 79

    Firm Aircraft    [***]   2006    Formula I     *   

No. 80

    Firm Aircraft    [***]   2006    Formula I  

No. 81

    Firm Aircraft    [***]   2006    Formula I     *   

No. 82

    Firm Aircraft    [***]   2006    Formula I  

No. 83

    Firm Aircraft    [***]   2006    Formula I     *   

No. 84

    Firm Aircraft    [***]   2006    Formula I     *   

No. 85

    Firm Aircraft    [***]   2006    Formula I  

No. 86

    Firm Aircraft    [***]   2006    Formula I     *   

No. 87

    Firm Aircraft    [***]   2006    Formula I     *   

No. 88

    Firm Aircraft    [***]   2006    Formula I  

No. 89

    Firm Aircraft    [***]   2006    Formula I     *   

No. 90

    Firm Aircraft    [***]   2006    Formula I     *   

No. 91

    Firm Aircraft    [***]   2006    Formula II  

No. 92

    Firm Aircraft    [***]   2007    Formula I  

No. 93

    Firm Aircraft    [***]   2007    Formula I  

No. 94

    Firm Aircraft    [***]   2007    Formula II  

No. 95

    Firm Aircraft    [***]   2007    Formula I  

No. 96

    Firm Aircraft    [***]   2007    Formula I  

No. 97

    Firm Aircraft    [***]   2007    Formula I  

No. 98

    Firm Aircraft    [***]   2007    Formula I     *   

No. 99

    Firm Aircraft    [***]   2007    Formula I     *   

No. 100

    Firm Aircraft    [***]   2007    Formula I     *   

No. 101

    Firm Aircraft    [***]   2007    Formula I     *   

No. 102

    Firm Aircraft    [***]   2007    Formula I     *   

No. 103

    Firm Aircraft    [***]   2007    Formula I     *   

No. 104

    Firm Aircraft    [***]   2008    Formula I     *   

No. 105

    Firm Aircraft    [***]   2008    Formula I     *   

No. 106

    Firm Aircraft    [***]   2008    Formula I     *   

No. 107

    Firm Aircraft    [***]   2008    Formula I     *   

No. 108

    Firm Aircraft    [***]   2008    Formula I     *   

 

[***]

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.

 

Page 5 of 8

Rank No.

   

Aircraft

    Contracted
Month		    Contracted
Year		   

Applicable Escalation

  

No. 109

    Firm Aircraft    [***]    2008    Formula I     *   

No. 110

    Firm Aircraft    [***]    2008    Formula I     *   

No. 111

    Firm Aircraft    [***]    2008    Formula I     *   

No. 112

    Firm Aircraft    [***]    2008    Formula I     *   

No. 113

    Firm Aircraft    [***]    2008    Formula I     *   

No. 114

    Firm Aircraft    [***]    2008    Formula I     *   

No. 115

    Firm Aircraft    [***]    2008    Formula I     *   

No. 116

    Firm Aircraft    [***]    2009    Formula I     *   

No. 117

    Firm Aircraft    [***]    2009    Formula I     *   

No. 118

    Firm Aircraft    [***]    2009    Formula I     *   

No. 119

    Firm Aircraft    [***]    2010    Formula I     *   

No. 120

    Firm Aircraft    [***]    2010    Formula I     *   

No. 121

    Firm Aircraft    [***]    2010    Formula I     *   

No. 122

    Firm Aircraft    Year    2011    Formula II  

No. 123

    Firm Aircraft    Year    2011    Formula I     *   

No. 124

    Firm Aircraft    Year    2011    Formula I     *   

No. 125

    Firm Aircraft    Year    2011    Formula I     *   

No. 126

    Firm Aircraft    Year    2011    Formula I     *   

No. 127

    Firm Aircraft    Year    2012    Formula I     *   

No. 128

    Firm Aircraft    Year    2012    Formula I     *   

No. 129

    Firm Aircraft    Year    2012    Formula I     *   

No. 130

    Firm Aircraft    Year    2012    Formula I     *   

No. 131

    Firm Aircraft    Year    2012    Formula I     *   

No. 132

    Firm Aircraft    Year    2012    Formula I     *   

No. 133

    Firm Aircraft    Year    2012    Formula II  

No. 134

    Firm Aircraft    Year    2012    Formula II  

No. 135

    Firm Aircraft    Year    2012    Formula II  

No. 136

    Firm Aircraft    Year    2012    Formula II  

No. 137

    Firm Aircraft    Year    2012    Formula I     *   

No. 138

    Firm Aircraft    Year    2012    Formula I     *   

No. 139

    Firm Aircraft    Year    2012    Formula I     *   

No. 140

    Firm Aircraft    Year    2013    Formula I     *   

No. 141

    Firm Aircraft    Year    2013    Formula I     *   

No. 142

    Firm Aircraft    Year    2013    Formula I     *   

No. 143

    Firm Aircraft    Year    2013    Formula II  

No. 144

    Firm Aircraft    Year    2013    Formula II  

No. 145

    Firm Aircraft    Year    2013    Formula I     *   

No. 146

    Firm Aircraft    Year    2013    Formula II  

No. 147

    Firm Aircraft    Year    2013    Formula II  

No. 148

    Firm Aircraft    Year    2013    Formula II  

 

[***]

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.

 

Page 6 of 8

Rank No.

   

Aircraft

    Contracted
Month		    Contracted
Year		   

Applicable Escalation

  

No. 149

    Firm Aircraft    Year    2013    Formula II  

No. 150

    Firm Aircraft    Year    2013    Formula II  

No. 151

    Firm Aircraft    Year    2013    Formula II  

No. 152

    Firm Aircraft    Year    2013    Formula II  

No. 153

    Firm Aircraft    Year    2014    Formula I     *   

No. 154

    Firm Aircraft    Year    2014    Formula II  

No. 155

    Firm Aircraft    Year    2014    Formula II  

No. 156

    Firm Aircraft    Year    2014    Formula II  

No. 157

    Firm Aircraft    Year    2014    Formula II  

No. 158

    Firm Aircraft    Year    2014    Formula II  

No. 159

    Firm Aircraft    Year    2014    Formula II  

No. 160

    Firm Aircraft    Year    2014    Formula II  

No. 161

    Firm Aircraft    Year    2014    Formula II  

No. 162

    Firm Aircraft    Year    2014    Formula I     *   

No. 163

    Firm Aircraft    Year    2014    Formula II  

No. 164

    Firm Aircraft    Year    2014    Formula II  

No. 165

    Firm Aircraft    Year    2015    Formula II  

No. 166

    Firm Aircraft    Year    2015    Formula II  

No. 167

    Firm Aircraft    Year    2015    Formula II  

No. 168

    Firm Aircraft    Year    2015    Formula II  

No. 169

    Firm Aircraft    Year    2015    Formula I     *   

No. 170

    Firm Aircraft    Year    2015    Formula I     *   

No. 171

    Firm Aircraft    Year    2015    Formula I     *   

No. 172

    Firm Aircraft    Year    2015    Formula I     *   

No. 173

    Firm Aircraft    Year    2015    Formula I     *   

2004 Option Aircraft

 

Rank No.

   

Aircraft

    Month   

Applicable Escalation

    Year

No. 174

    Option Aircraft    [***]    Formula II    2011

No. 175

    Option Aircraft    [***]    Formula II    2011

No. 176

    Option Aircraft    [***]    Formula II    2011

No. 177

    Option Aircraft    [***]    Formula II    2012

No. 178

    Option Aircraft    [***]    Formula II    2012

No. 179

    Option Aircraft    [***]    Formula II    2012

No. 180

    Option Aircraft    [***]    Formula II    2012

No. 181

    Option Aircraft    [***]    Formula II    2013

No. 182

    Option Aircraft    [***]    Formula II    2013

No. 183

    Option Aircraft    [***]    Formula II    2013

 

[***]

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.

 

Page 7 of 8

 

Rank No.

   

Aircraft

    Month   

Applicable Escalation

    Year

No. 184

    Option Aircraft    [***]    Formula II    2013

No. 185

    Option Aircraft    [***]    Formula II    2013

No. 186

    Option Aircraft    [***]    Formula II    2013

No. 187

    Option Aircraft    [***]    Formula II    2013

No. 188

    Option Aircraft    [***]    Formula II    2014

No. 189

    Option Aircraft    [***]    Formula II    2014

No. 190

    Option Aircraft    [***]    Formula II    2014

No. 191

    Option Aircraft    [***]    Formula II    2014

No. 192

    Option Aircraft    [***]    Formula II    2015

No. 193

    Option Aircraft    [***]    Formula II    2015

No. 194

    Option Aircraft    [***]    Formula II    2015

No. 195

    Option Aircraft    [***]    Formula II    2015

Option Aircraft to be delivered after [***] are subject to IAE and Airbus SAS concurrence on extension of the current purchase agreement between the parties.

Leased Aircraft

 

Year

    Number   

Delivery Dates

1999

    1    1 [***]

2000

    3    1 [***], 1 [***], 1 [***]

2001

    4    1 [***], 2 [***], 1 [***]

2003

    1    1 [***]

2004

    1    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.

 

Page 8 of 8