the impact of significant operating losses in the future

EX-10.1 2 c03596exv10w1.htm EXHIBIT 10.1 Exhibit 10.1
Exhibit 10.1
Amendment No. 7
to the
Amended and Restated Airbus A320 Family Aircraft Purchase Agreement
dated as of October 2, 2007
between
AIRBUS S.A.S.
and
US AIRWAYS, INC.
This Amendment No. 7 to the Amended and Restated Airbus A320 Family Aircraft Purchase Agreement between Airbus S.A.S. and US Airways, Inc. (the “Amendment”) is entered into as of April 1, 2010, by and between Airbus S.A.S., a société par actions simplifiée, organized and existing under the laws of the Republic of France, having its registered office located at 1, rond-point Maurice Bellonte, 31700 Blagnac, France (the “Seller”), and US Airways, Inc., a corporation organized and existing under the laws of the State of Delaware, United States of America, having its principal corporate offices located at 111 West Rio Salado Parkway, Tempe, Arizona 85281, U.S.A. (the “Buyer”).
WHEREAS, the Buyer and the Seller have entered into an Amended and Restated Airbus A320 Family Purchase Agreement, dated as of October 2, 2007, which agreement, as previously amended by and supplemented with all Exhibits, Appendices, Letter Agreements and amendments, including Amendment No. 1 dated as of January 11, 2008, Amendment No. 2 dated as of October 20, 2008, Amendment No. 3 dated as of January 16, 2009, Amendment No. 4 dated as of August 11, 2009, Amendment No. 5 dated as of October 2, 2009 and Amendment No. 6 dated as of November 20, 2009 (“Amendment No. 6”) (the “Agreement”) relates to the sale by the Seller and the purchase by the Buyer of certain Airbus single-aisle aircraft;
WHEREAS, the Buyer and the Seller agree to convert certain Aircraft in accordance with the terms of the Agreement (as amended by this Amendment); and
WHEREAS, the parties agree to amend certain terms of the Agreement as set forth in this Amendment.
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:
***** Confidential Treatment Requested
         
        PRIVILEGED AND CONFIDENTIAL

 

 

 

1.  
DEFINITIONS
Capitalized terms used herein and not otherwise defined in this Amendment will have the meanings assigned to them in the Agreement. The terms “herein,” “hereof,” and “hereunder” and words of similar import refer to this Amendment.
2.  
CONVERSION
Pursuant to the terms of Amended and Restated Letter Agreement No. 3 to the Agreement, the Buyer irrevocably, except as otherwise provided herein, exercises its right to make certain model conversions as follows:
2.1  
Three (3) New A319 Aircraft with ***** are converted to three (3) Converted New A321 Aircraft.
2.2  
Six (6) New A320 Aircraft with ***** are converted to six (6) Converted New A321 Aircraft.
2.3  
The model conversions described in Paragraphs 2.1 and 2.2 above shall each be known as “Amendment 7 Converted Aircraft” and any other future model conversion shall each be known as “Other Converted Aircraft”.
2.4  
Exhibit B to Amendment No. 6 to the Agreement is deleted in its entirety and replaced with Exhibit B attached to this Amendment summarizing conversions as of the date hereof.
2.5  
Notwithstanding anything to the contrary in the Agreement or otherwise, the Seller hereby accepts the model conversions described in Paragraphs 2.1 and 2.2 above.
3.  
DELIVERY SCHEDULE
3.1  
The delivery schedule table set forth in Clause 9.1.1 of the Agreement is deleted in its entirety and replaced with the delivery schedule table below between the QUOTE and the UNQUOTE:
QUOTE
                         
Rank   *****   Aircraft   *****   *****   Year
1
  *****   Original A321 Aircraft   *****   *****     2008  
2
  *****   Original A321 Aircraft   *****   *****     2008  
3
  *****   Original A321 Aircraft   *****   *****     2008  
4
  *****   Original A321 Aircraft   *****   *****     2008  
5
  *****   Original A321 Aircraft   *****   *****     2008  
6
  *****   Original A321 Aircraft   *****   *****     2009  
7
  *****   Original A321 Aircraft   *****   *****     2009  
8
  *****   Original A321 Aircraft   *****   *****     2009  
9
  *****   Original A321 Aircraft   *****   *****     2009  
10
  *****   Original A321 Aircraft   *****   *****     2009  
11
  *****   Original A321 Aircraft   *****   *****     2009  
12
  *****   Original A321 Aircraft   *****   *****     2009  
13
  *****   Original A321 Aircraft   *****   *****     2009  
***** Confidential Treatment Requested
         
    2/7   PRIVILEGED AND CONFIDENTIAL

 

 

 

                         
Rank   *****   Aircraft   *****   *****   Year
14
  *****   Converted Original A321 Aircraft   *****   *****     2009  
15
  *****   Original A321 Aircraft   *****   *****     2009  
16
  *****   Converted Original A321 Aircraft   *****   *****     2009  
17
  *****   Converted Original A321 Aircraft   *****   *****     2009  
18
  *****   Converted Original A321 Aircraft   *****   *****     2009  
19
  *****   Original A321 Aircraft   *****   *****     2009  
20
  *****   Converted Original A321 Aircraft   *****   *****     2009  
21
  *****   Converted Original A320 Aircraft   *****   *****     2009  
22
  *****   Converted Original A321 Aircraft   *****   *****     2009  
23
  *****   Converted Original A321 Aircraft   *****   *****     2009  
24
  *****   Converted Original A320 Aircraft   *****   *****     2009  
25
  *****   Converted Original A321 Aircraft   *****   *****     2009  
26
  *****   Converted Original A320 Aircraft   *****   *****     2010  
27
  *****   Converted Original A320 Aircraft   *****   *****     2010  
28
  *****   Converted New A321 Aircraft   *****   *****     2011  
29
  *****   Converted New A321 Aircraft   *****   *****     2011  
30
  *****   New A321 Aircraft   *****   *****     2011  
31
  *****   Converted New A321 Aircraft   *****   *****     2011  
32
  *****   Converted New A321 Aircraft   *****   *****     2011  
33
  *****   Converted New A321 Aircraft   *****   *****     2011  
34
  *****   Converted New A321 Aircraft   *****   *****     2011  
35
  *****   Converted New A321 Aircraft   *****   *****     2011  
36
  *****   New A321 Aircraft   *****   *****     2011  
37
  *****   Converted New A321 Aircraft   *****   *****     2011  
38
  *****   Converted New A321 Aircraft   *****   *****     2011  
39
  *****   New A321 Aircraft   *****   *****     2011  
40
  *****   New A320 Aircraft   *****   *****     2012  
41
  *****   New A320 Aircraft   *****   *****     2012  
42
  *****   New A320 Aircraft   *****   *****     2012  
43
  *****   New A320 Aircraft   *****   *****     2012  
44
  *****   New A320 Aircraft   *****   *****     2012  
45
  *****   New A319 Aircraft   *****   *****     2012  
46
  *****   New A320 Aircraft   *****   *****     2012  
47
  *****   New A321 Aircraft   *****   *****     2012  
48
  *****   New A320 Aircraft   *****   *****     2012  
49
  *****   New A320 Aircraft   *****   *****     2012  
50
  *****   New A320 Aircraft   *****   *****     2012  
51
  *****   New A320 Aircraft   *****   *****     2012  
52
  *****   Converted New A320 Aircraft   *****   *****     2013  
53
  *****   Converted Original A320 Aircraft   *****   *****     2013  
54
  *****   New A320 Aircraft   *****   *****     2013  
55
  *****   Converted Original A320 Aircraft   *****   *****     2013  
56
  *****   Converted Original A320 Aircraft   *****   *****     2013  
57
  *****   Converted Original A320 Aircraft   *****   *****     2013  
***** Confidential Treatment Requested
         
    3/7   PRIVILEGED AND CONFIDENTIAL

 

 

 

                         
Rank   *****   Aircraft   *****   *****   Year
58
  *****   Converted Original A320 Aircraft   *****   *****     2013  
59
  *****   Converted Original A320 Aircraft   *****   *****     2013  
60
  *****   Converted Original A320 Aircraft   *****   *****     2013  
61
  *****   Converted New A321 Aircraft   *****   *****     2013  
62
  *****   Converted Original A320 Aircraft   *****   *****     2013  
63
  *****   New A321 Aircraft   *****   *****     2013  
64
  *****   New A321 Aircraft   *****   *****     2013  
65
  *****   Converted Original A321 Aircraft   *****   *****     2013  
66
  *****   Converted Original A321 Aircraft   *****   *****     2013  
67
  *****   Converted New A321 Aircraft   *****   *****     2013  
68
  *****   Converted New A320 Aircraft   *****   *****     2014  
69
  *****   New A320 Aircraft   *****   *****     2014  
70
  *****   New A320 Aircraft   *****   *****     2014  
71
  *****   New A320 Aircraft   *****   *****     2014  
72
  *****   New A321 Aircraft   *****   *****     2014  
73
  *****   Converted New A320 Aircraft   *****   *****     2014  
74
  *****   New A320 Aircraft   *****   *****     2014  
75
  *****   Converted New A321 Aircraft   *****   *****     2014  
76
  *****   Converted New A321 Aircraft   *****   *****     2014  
77
  *****   Converted New A321 Aircraft   *****   *****     2014  
78
  *****   Converted New A321 Aircraft   *****   *****     2014  
79
  *****   New A321 Aircraft   *****   *****     2014  
80
  *****   New A319 Aircraft   *****   *****     2014  
81
  *****   New A320 Aircraft   *****   *****     2014  
82
  *****   New A320 Aircraft   *****   *****     2014  
83
  *****   New A320 Aircraft   *****   *****     2014  
84
  *****   New A320 Aircraft   *****   *****     2014  
85
  *****   New A321 Aircraft   *****   *****     2014  
86
  *****   New A320 Aircraft   *****   *****     2015  
87
  *****   New A320 Aircraft   *****   *****     2015  
88
  *****   New A319 Aircraft   *****   *****     2015  
89
  *****   New A320 Aircraft   *****   *****     2015  
90
  *****   New A320 Aircraft   *****   *****     2015  
91
  *****   New A320 Aircraft   *****   *****     2015  
92
  *****   New A320 Aircraft   *****   *****     2015  
93
  *****   New A320 Aircraft   *****   *****     2015  
94
  *****   New A320 Aircraft   *****   *****     2015  
95
  *****   New A320 Aircraft   *****   *****     2015  
96
  *****   New A320 Aircraft   *****   *****     2015  
97
  *****   New A321 Aircraft   *****   *****     2015  
UNQUOTE
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4.  
*****
4.1  
Notwithstanding anything in the Agreement to the contrary the model conversion of an Amendment 7 Converted Aircraft or any Other Converted Aircraft may *****:
  (i)  
*****
  (ii)  
*****
4.2  
Notwithstanding Paragraph 10.1 of Amended and Restated Letter Agreement No. 3, if the Buyer *****,
  (i)  
*****
 
  (ii)  
*****
 
  (iii)  
*****
 
  (iv)  
*****
5.  
EFFECT OF AMENDMENT
5.1  
The provisions of this Amendment constitute a valid amendment to the Agreement and the Agreement will be deemed to be amended to the extent herein provided and, except as specifically amended hereby, will continue in full force and effect in accordance with its original terms. This Amendment supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment.
5.2  
Both parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Amendment will be governed by the provisions of the Agreement, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.
6.  
CONFIDENTIALITY
 
   
This Amendment is subject to the confidentiality provisions set forth in Clause 22.7 of the Agreement.
7.  
COUNTERPARTS
 
   
This Amendment may be signed in separate counterparts. Each counterpart, when signed and delivered (including counterparts delivered by facsimile transmission), will be an original, and the counterparts will together constitute one and the same instrument.
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IN WITNESS WHEREOF, these presents were entered into as of the day and year first above written.
                     
US AIRWAYS, INC.   AIRBUS S.A.S.
 
                    
By:   /s/ Thomas T. Weir   By:   /s/ Christophe Mourey
             
 
  Its:   Vice President and Treasurer       Its:   Senior Vice President Contracts
PRIVILEGED AND CONFIDENTIAL

 

 

 

Exhibit B
Conversion Schedule
*****
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