Amendment No. 8 to the Amended and Restated Capacity Purchase Agreement among the Registrant, Mesa Airlines, Inc. and American Airlines, Inc. dated June 10, 2022
Exhibit 10.1
AMENDMENT NO. 8 TO
CAPACITY PURCHASE AGREEMENT
This Amendment No. 8 to Capacity Purchase Agreement (this "Amendment') is dated as of June 10, 2022 (the "Amendment No. 8 Effective Date"), between American Airlines, Inc., a Delaware corporation (together with its successors and permitted assigns, "American"), and Mesa Airlines, Inc., a Nevada corporation (together with its permitted successors and assigns, "Contractor").
WHEREAS, American entered into that certain Amended and Restated Capacity Purchase Agreement, dated as of November 19, 2020 and made effective as of January 1, 2021, with Contractor (as amended, modified and supplemented from time to time, the "Capacity Purchase Agreement") to establish the terms by which Contractor will provide regional airline services utilizing certain Covered Aircraft on behalf of American;
WHEREAS, on December 22, 2020, American entered into that certain Amendment No. 1 to Capacity Purchase Agreement with Contractor;
WHEREAS, on April 9, 2021, American entered into that certain Amendment No. 2 to Capacity Purchase Agreement with Contractor;
WHEREAS, on April 9, 2021, American entered into that certain Amendment No. 3 to Capacity Purchase Agreement with Contractor;
WHEREAS, on June 9, 2021, American entered into that certain Amendment No. 4 to Capacity Purchase Agreement with Contractor;
WHEREAS, on August 9, 2021, American entered into that certain Limited Waiver and Amendment No. 5 to Capacity Purchase Agreement with Contractor;
WHEREAS, on February 4, 2022, American entered into that certain Limited Waiver and Amendment No. 6 to Capacity Purchase Agreement with Contractor;
WHEREAS, on March 31, 2022, American entered into that certain Amendment No. 7 to Capacity Purchase Agreement with Contractor;
WHEREAS, it is in the best interests of the parties hereto to further amend the Capacity Purchase Agreement to reflect the agreements set forth herein; and
WHEREAS, all capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to them in the Capacity Purchase Agreement.
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, American, on the one hand, and Contractor, on the other hand, agree to the following with respect to the Capacity Purchase Agreement:
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| 1. | Section II(D) of Schedule 5 (Tranche 1 Primary Driver Rates) of the Capacity Purchase Agreement is hereby amended to replace the Tranche 1 Block Hour Rate as reflected below: |
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| 2. | Section IJ(E) of Schedule 5 (Tranche 2 Primary Driver Rates) of the Capacity Purchase Agreement is hereby amended and restated to read as follows: |
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E.Tranche 2 Primary Driver Rates. The Tranche 2 Primary Driver Rates are as set forth below.
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| 3. | This Amendment shall become effective as of the Amendment No. 8 Effective Date upon satisfaction of all of the following conditions precedent: |
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| a. | Receipt by American of each of the following, in form and substance reasonably satisfactory to American: (i) a copy of this Amendment, duly executed and delivered by Contractor; and |
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(ii) any other documents or agreements reasonably requested by American in connection with the transactions contemplated by this Amendment.
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| 4. | The Parties hereby acknowledge and represent to each other that after giving effect to the terms hereof, each representation and warranty of Contractor contained in the Capacity Purchase Agreement or in any other Related Agreement is true and correct in all material respects on the Amendment No. 8 Effective Date. |
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| 5. | Except as amended and modified hereby, any and all of the terms and provisions of the Capacity Purchase Agreement shall remain in full force and effect and are hereby in all respects ratified and confirmed by American and Contractor. Each of American and Contractor hereby agrees that the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of American or Contractor under the Capacity Purchase Agreement. Each reference in the Capacity Purchase Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of like import, and each reference in the Capacity Purchase Agreement or other agreements, documents or other instruments executed and delivered pursuant to the Capacity Purchase Agreement to the "Capacity Purchase Agreement", shall mean and be a reference to the Capacity Purchase Agreement as amended by this Amendment. |
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| 6. | THIS AMENDMENT, THE CAPACITY PURCHASE AGREEMENT, THE OTHER RELATED AGREEMENTS AND THE OTHER DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH WHEN TAKEN TOGETHER REPRESENT THE ENTIRE AGREEMENT BETWEEN THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. |
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IN WITNESS WHEREOF, American and Contractor have executed this Amendment as of the Amendment No. 8 Effective Date.
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| AMERICAN AIRLINES, INC. | ||
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| By: | /s/ Brandon Kahle | |
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| Name: | Brandon Kahle |
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| Title: | Vice President, Regional Operations & Planning |
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| MESA AIRLINES, INC. | ||
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| By: | /s/ Bradford Rich | |
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| Name: | Bradford Rich | |
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| Title: | EVP & COO | |
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