IAE PROPRIETARY INFORMATION

EX-10.3AA 2 exhibit_10x3aa.htm EXHIBIT 10.3(AA) Exhibit_10_3aa
IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)

                                            
628 Hebron Avenue, Suite 400
Glastonbury, CT 06033 USA
                            
May 1, 2012


Mr. Mark Powers
Senior Vice President and Treasurer
JetBlue Airways Corporation
27-01 Queens Plaza North
Long Island City, NY 11101


Subject:
Side Letter No. 36 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. 36 (“Side Letter No. 36”) 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. 36 and those of the Agreement, this Side Letter No. 36 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 [***]
2.1.
Firm Aircraft No. 124 and Firm Aircraft No. 125, with actual delivery dates of [***] 2012 and June 2012, respectively (collectively the “Q2 2012 Firm Aircraft” and each a “Q2 2012 Firm Aircraft”), shall be [***].
2.2.
Q2 2012 Firm Aircraft shall receive [***].
2.3.
The [***] upon delivery and acceptance of each Q2 2012 Firm Aircraft 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.

Page 1 of 8

IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)


3.
Miscellaneous
3.1
This Side Letter No. 36 is not, and shall not be construed as, a waiver of either Party’s rights or remedies.
3.2
This Side Letter No. 36 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. 36 constitutes a valid, legal, binding obligation. This Side Letter No. 36 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. 36 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. 36, 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____________________                                     
Name
/s/ Mark D. Powers______________________
Name
Commercial Manager __________________
Title
CFO__________________________________
Title
5/1/2012____________________________
Date
5/1/2012______________________________
Date


Page 2 of 8

IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)


APPENDIX 1
 
Exhibit B-1

Aircraft Delivery Schedules

As of May 2012
____________________________________________________________________________________
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
 
 
 
 
 
 
 
[***] 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

IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)

Rank No.
Aircraft
Contracted Month
Contracted Year
Applicable Escalation
 
No. 26
Firm Aircraft
[***]
2002
Formula I
 
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
 
 
 
 
 
 
 
[***] 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

IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)

Rank No.
Aircraft
Contracted Month
Contracted Year
Applicable Escalation
 
No. 67
Firm Aircraft
[***]
2005
Formula I
*
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
*
 
 
 
 
 
 
[***] 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

IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)

Rank No.
Aircraft
Contracted Month
Contracted Year
Applicable Escalation
 
No. 108
Firm Aircraft
[**]
2008
Formula I
*
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
[***]
2011
Formula II
 
No. 123
Firm Aircraft
[***]
2011
Formula II
 
No. 124
Firm Aircraft
[***]
2011
Formula II
 
No. 125
Firm Aircraft
[***]
2011
Formula II
 
No. 126
Firm Aircraft
[***]
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
 
 
 
 
 
 
 
[***] 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

IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)

Rank No.
Aircraft
Contracted Month
Contracted Year
Applicable Escalation
 
No. 148
Firm Aircraft
Year
2013
Formula II
 
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
[***] Qtr
Formula II
2011
 
No. 175
Option Aircraft
[***] Qtr
Formula II
2011
 
No. 176
Option Aircraft
[***] Qtr
Formula II
2011
 
No. 177
Option Aircraft
[***] Qtr
Formula II
2012
 
No. 178
Option Aircraft
[***] Qtr
Formula II
2012
 
No. 179
Option Aircraft
[***]Qtr
Formula II
2012
 
No. 180
Option Aircraft
[***] Qtr
Formula II
2012
 
No. 181
Option Aircraft
[***] Qtr
Formula II
2013
 
No. 182
Option Aircraft
[***] Qtr
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

IAE PROPRIETARY INFORMATION        
Exhibit 10.3(aa)

Rank No.
Aircraft
Month
Applicable Escalation
Year
 
No. 183
Option Aircraft
[***] Qtr
Formula II
2013
 
No. 184
Option Aircraft
[***] Qtr
Formula II
2013
 
No. 185
Option Aircraft
[***] Qtr
Formula II
2013
 
No. 186
Option Aircraft
[***] Qtr
Formula II
2013
 
No. 187
Option Aircraft
[***] Qtr
Formula II
2013
 
No. 188
Option Aircraft
[***] Qtr
Formula II
2014
 
No. 189
Option Aircraft
[***] Qtr
Formula II
2014
 
No. 190
Option Aircraft
[***] Qtr
Formula II
2014
 
No. 191
Option Aircraft
[***] Qtr
Formula II
2014
 
No. 192
Option Aircraft
[***] Qtr
Formula II
2015
 
No. 193
Option Aircraft
[***] Qtr
Formula II
2015
 
No. 194
Option Aircraft
[***] Qtr
Formula II
2015
 
No. 195
Option Aircraft
[***] Qtr
Formula II
2015
 

Option Aircraft to be delivered after December 31, 2011 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