EX-10.6(F) 9 exhibit106fairbus-amendmen.htm EX-10.6(F) Document
Exhibit 10.6(f)
CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT THAT IS MARKED BY [***] HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) IS THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

AMENDMENT NO. 6

to the A320 Family Aircraft Purchase Agreement

Dated as of October 19, 2011

Between

AIRBUS S.A.S.

And

JETBLUE AIRWAYS CORPORATION

This Amendment No. 6 (hereinafter referred to as the “Amendment”) is entered into as of April 11th, 2017 between Airbus S.A.S. a société par actions simplifiée, created and existing under French law, having its registered office at 1 Rond-Point Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”) and JetBlue Airways Corporation, a corporation organized under the laws of Delaware having its principal corporate offices at 27-01 Queens Plaza North, Long Island City, New York 11101 (formerly 118-29 Queens Boulevard, Forest Hills, New York 11375), United States of America (the “Buyer”).

WHEREAS, the Buyer and the Seller entered into an A320 Family Purchase Agreement dated as of October 19, 2011, relating to the sale by the Seller and the purchase by the Buyer of certain firmly ordered Airbus A320 family aircraft, which together with all amendments, exhibits, appendices, and letter agreements attached thereto is hereinafter called the “Agreement”.

WHEREAS, the Buyer and the Seller wish to amend the Agreement to reflect, among other things, the rescheduling of certain aircraft.

NOW THEREFORE, SUBJECT TO THE TERMS AND CONDITIONS SET FORTH HEREIN, IT IS AGREED AS FOLLOWS:

1     DEFINITIONS
1.1Clause 0 to the Agreement is amended to either modify or add the following defined terms between the words “QUOTE” and “UNQUOTE”:

QUOTE

PW1127G-JM Propulsion System – replaces the term “PW 1127G Propulsion Systems” defined in Clause 3.2.3 of the Agreement.


Exhibit 10.6(f)

CFM LEAP 1A26 Propulsion System – replaces the term “CFM LEAP X-1A26 Propulsion System” defined in Clause 3.2.2 of the Agreement.

CFM Propulsion System – the CFM 56-5B3/3 Propulsion System as set out in Clause 3.2.5 of the Agreement.

CFM Propulsion Systems Reference Price (CEO) – as defined in Part 5 of Exhibit C to the Agreement.

Propulsion System – the CFM LEAP 1A24 Propulsion System, the CFM LEAP 1A26 Propulsion System, the CFM LEAP 1A32 Propulsion System, the CFM LEAP 1A33 Propulsion System, the IAE V2527-A5 Propulsion Systems, the IAE V2533-A5 Propulsion Systems, the CFM 56-5B3/3 Propulsion System, the PW1124G-JM Propulsion System, the PW1127G-JM Propulsion System and the PW1133G-JM Propulsion System, as applicable.

Scheduled Delivery Period – for each Aircraft, the Scheduled Delivery Year, Scheduled Delivery Quarter or Scheduled Delivery Month of such Aircraft, as applicable.

UNQUOTE

2    INTENTIONALLY LEFT BLANK
3    INTENTIONALLY LEFT BLANK
4    INTENTIONALLY LEFT BLANK
5    DELIVERY
5.1The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402135 is hereby amended from [***] 2018 to [***] 2019.

5.2The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402136 is hereby amended from [***] 2018 to [***] 2019.

5.3The Scheduled Delivery Period for the Incremental A321 NEO Aircraft bearing CACiD number 10002778 is hereby amended from [***] 2018 to [***] 2019.

5.4The Scheduled Delivery Period for the Additional A321 Aircraft bearing CACiD number 10054097 is hereby amended from [***] 2019 to [***] 2018.



Exhibit 10.6(f)
5.5The Scheduled Delivery Period for the Additional A321 Aircraft bearing CACiD number 10054098 is hereby amended from [***] 2019 to [***] 2018.

5.6The Scheduled Delivery Period for the Additional A321 Aircraft bearing CACiD number 10054099 is hereby amended from [***] 2019 to [***] 2018.

5.7The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402138 is hereby amended from [***] 2019 to [***] 2023.

5.8The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402133 is hereby amended from [***] 2019 to [***] 2023.

5.9The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402139 is hereby amended from [***] 2019 to [***] 2023.

5.10
Schedule 1 to the Agreement is deleted in its entirety and replaced by the Amended and Restated Schedule 1 (the “Amended and Restated Schedule 1”) attached hereto as Appendix 1.

5.11It shall be the Buyer’s sole responsibility to ensure, without any intervention necessary from the Seller, that all of the BFE Suppliers are notified of and accept the rescheduling set forth in Clauses 5.1 to 5.10 above without the Seller incurring any costs, losses, expenses, additional obligations, penalties, damages or liabilities of any kind by reason of such rescheduling, and the Buyer will indemnify and hold the Seller harmless against any and all of such costs, losses, expenses, additional obligations, penalties, damages or liabilities so incurred by the Seller unless such costs, losses, expenses, additional obligations, penalties, damages or liabilities are a result of the Seller’s gross negligence or willful misconduct.



Exhibit 10.6(f)
5.12The Buyer shall enter into discussions directly with the relevant Propulsion System manufacturer to amend the relevant propulsion systems agreement(s) in order to reflect the rescheduling set out in Clauses 5.1 to 5.10 above and will indemnify and hold the Seller harmless against any and all costs, losses, expenses, obligations, penalties, damages or liabilities so incurred by the Seller in the event that the Buyer fails to perform its obligations as set out under this Clause 5.12 unless such costs, losses, expenses, additional obligations, penalties, damages or liabilities are a result of the Seller’s gross negligence or willful misconduct.

    INTENTIONALLY LEFT BLANK

    OTHER AMENDMENTS
7.1Letter Agreement No. 5H (A321 Aircraft Performance Guarantee – (CFM 56-5B3/3 engines)), as appended to Appendix 3 to this Amendment, shall be incorporated into and deemed an integral part of Letter Agreement No. 5 to the Agreement.

7.2Clause 22.2 of the Agreement is deleted in its entirety and replaced with the following quoted text:

QUOTE

22.2    Notices

22.2.1 All notices and requests required or authorized hereunder will be given in writing either by personal delivery to an authorized officer of the party to whom the same is given or by commercial courier, certified air mail (return receipt requested) or facsimile at the addresses and numbers set forth below. The date on which any such notice or request is so personally delivered, or if such notice or request is given by commercial courier, certified air mail or facsimile, the date on which sent, will be deemed to be the effective date of such notice or request.

The Seller will be addressed at:

Airbus S.A.S.
Attention: Senior Vice President Contracts
1, Rond Point Maurice Bellonte
31707 Blagnac Cedex,
France


Exhibit 10.6(f)

The Buyer will be addressed at:

JetBlue Airways Corporation
Attention: Executive Vice President and General Counsel
27-01 Queens Plaza North
Long Island City,
New York 11101
United States of America
Fax: +1-718-709-3631

From time to time, the party receiving the notice or request may designate another address or another person.

22.2.2 Notwithstanding the foregoing, the Seller and the Buyer agree that the following notices may alternatively be given to the Buyer in writing, by way of an email (in lieu of a physical copy) sent to the Buyer:
(a)notice of the date when the Technical Acceptance Process of the Aircraft will commence, as provided for under Clause 8.1.2 of the Agreement, and

(b)notice of the Scheduled Delivery Quarter and Scheduled Delivery Month of the Aircraft, as applicable, as provided for under Clauses 9.1.1 and 9.1.2 of the Agreement, and

(c)notice of the anticipated week on which the Aircraft will be Ready for Delivery, as provided for under Clause 9.1.3 of the Agreement, and

(d)notice of the anticipated date on which the Aircraft will be Ready for Delivery, as provided for under Clause 9.1.4 of the Agreement;

each such notice being individually and collectively referred to as the “Aircraft Notice”.

Aircraft Notice(s) may be sent to the Buyer by email, to the following addressees, at the following email addresses:



Exhibit 10.6(f)
Steve Priest, Executive Vice President and Chief Financial Officer, steve.priest@jetblue.com;

Ursula Hurley, Director Assistant Treasurer, ursula.hurley@jetblue.com;

Dora Habachy, Corporate and Compliance Counsel, dora.habachy@jetblue.com;

Adam Schless, Director Aircraft Trans. & International Counsel, adam.schless@jetblue.com;

Mahendra Patel, Technical Support Manager, mahendra.patel@jetblue.com;

Robert Kircher, Airbus Fleet Captain, robert.kircher@jetblue.com; and


From time to time, the Buyer may modify the above list by sending notice of such changes to the Seller in writing, including by email.

The date on which the Seller sends an Aircraft Notice by email to the Buyer shall be deemed to be the date of such Aircraft Notice and shall be taken into consideration for the purposes of the Seller’s notification obligations under Clauses 8.1.2, 9.1.1, 9.1.2, 9.1.3 and 9.1.4 of the Agreement.

The Buyer shall promptly confirm receipt of such Aircraft Notice by return email to the sender. Buyer’s failure to acknowledge receipt of an Aircraft Notice shall in no event impact the validity or sufficiency of such email notification, and by sending an Aircraft Notice to the Buyer by email as provided for hereabove, the Seller shall be deemed to have satisfied in full its obligations under the Agreement.

Should the Seller receive an automatic delivery failure email from more than three (3) of the above listed addressees when sending an Aircraft Notice by email to the Buyer as provided for under


Exhibit 10.6(f)
Clause 22.2.2, the Seller shall send such Aircraft Notice by personal delivery, commercial courier, certified air mail or facsimile as provided for in Clause 22.2.1 above.

UNQUOTE

7.3    The second paragraph of Clause 5.3.5 of the Agreement is deleted in its entirety and replaced with the following quoted text:

QUOTE

[***]

UNQUOTE

    OTHER COMMERCIAL TERMS
8.1Any and all Predelivery Payments [***] described in Clauses 5.1 to 5.9 herein [***].

8.2Clauses 8.6 and 8.7 of Amendment No. 4 to the Agreement are deleted in their entirety and replaced with the following quoted text:

QUOTE

8.6[***]

8.7[***]

UNQUOTE

8.3Notwithstanding Clause 2.3 of the Agreement, the Additional A321 Airframe shall be equipped with either a set of two (2) IAE V2533-A5 engines or a set of two (2) CFM 56-5B3/3 engines, as further specified in this Clause 8.



Exhibit 10.6(f)
8.4The provision between the words “QUOTE” and “UNQUOTE” below shall be added at the end of Clause 3.2 of the Agreement:

QUOTE

3.2.5
The base price of a set of two (2) CFM 56-5B3/3 engines (the “CFM 56-5B3/3 Propulsion System”) is:

USD $[***]

(US Dollars – [***])

The Base Price of the CFM 56-5B3/3 Propulsion System has been established in accordance with the delivery conditions prevailing in [***] and has been calculated from the CFM Propulsion Systems Reference Price (CEO), as set forth in Part 5 of Exhibit C to the Agreement.

UNQUOTE

8.5Clause 8.9 of Amendment No. 4 to the Agreement is deleted in its entirety and replaced with the following quoted text:

QUOTE

8.9.1The Buyer hereby irrevocably selects IAE V2533-A5 engines as the Propulsion System for all Additional A321 Aircraft delivering until [***].

8.9.2The Buyer shall select the Propulsion System for all Additional A321 Aircraft delivering from (and including) [***], no later than [***].

The selection of CFM 56-5B3/3 Propulsion System by the Buyer for any applicable Additional A321 Aircraft is subject to prior execution of the corresponding CFM performance guarantee as attached in Appendix 3 to this Amendment (A321 Aircraft Performance Guarantee – (CFM 56-5B3/3 engines)).

UNQUOTE



Exhibit 10.6(f)
8.6Part 5 of Exhibit C (CFM International Price Revision Formula (CEO)), as appended to Appendix 2 to this Amendment, shall be incorporated into and deemed an integral part of Exhibit C to the Agreement.

8.7[***].

8.8With respect to the certification of [***] seat with [***] IFE combination on jetBlue A320 Family aircraft, subject to (a) the Buyer [***], and (b) the Buyer [***], the Seller hereby confirms that:

(i)The Seller shall [***], and

(ii)The Seller shall [***].

9EFFECT OF THE AMENDMENT

The Agreement will be deemed 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 contains the entire agreement between the Buyer and the Seller with respect to the subject matter hereof and supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment.

Both parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement and be governed by its provisions, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.

This Amendment will become effective upon its execution.



Exhibit 10.6(f)
10CONFIDENTIALITY

This Amendment is subject to the confidentiality provisions set forth in Clause 22.10 of the Agreement.

11ASSIGNMENT

Notwithstanding any other provision of this Amendment or of the Agreement, this Amendment will not be assigned or transferred in any manner without the prior written consent of the other party, and any attempted assignment or transfer in contravention of the provisions of this Clause 11 will be void and of no force or effect.

12COUNTERPARTS

This Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.

13INTERPRETATION AND LAW

This Amendment is subject to the Interpretation and Law provisions set forth in Clause 22.6 of the Agreement.

IN WITNESS WHEREOF, the parties hereto have entered into this Amendment by their respective officers or agents as of the date first above written.




JETBLUE AIRWAYS CORPORATION                     AIRBUS S.A.S.


By: /s/ Steve Priest                             By: /s/ Christophe Mourey
Its: Chief Financial Officer                         Its: Senior Vice President



Exhibit 10.6(f)





Exhibit 10.6(f)
APPENDIX 1

AMENDED AND RESTATED SCHEDULE 1









Appendix 1
to
Amendment No. 6



Amended and Restated
Schedule 1
















Exhibit 10.6(f)
 CACiD
No.
Aircraft Rank No.TypeScheduled Delivery Month/QuarterScheduled Delivery Year
1159 908122Group 1 A320 Aircraft[***]2011
2159 942123Group 1 A320 Aircraft[***]2012
3159 943124Group 1 A320 Aircraft[***]2012
4159 950125Group 1 A320 Aircraft[***]2012
5159 951126Group 1 A320 Aircraft[***]2012
6159 923127Group 1 A320 Aircraft[***]2012
7159 924128Group 1 A320 Aircraft[***]2012
8159 925129Group 1 A320 Aircraft[***]2012
9159 939130A320 Backlog Aircraft[***]2013
10159 960131A320 Backlog Aircraft[***]2013
11159 961132A320 Backlog Aircraft[***]2013
12159 962133A321 Backlog Aircraft[***]2013
13159 963134A321 Backlog Aircraft[***]2013
14159 964135A321 Backlog Aircraft[***]2013
15159 965136A321 Backlog Aircraft[***]2013
16159 916137A321 Backlog Aircraft[***]2014
17159 940138A321 Backlog Aircraft[***]2014
18159 941139A321 Backlog Aircraft[***]2014
19159 944140A321 Backlog Aircraft[***]2014
20159 945141A321 Backlog Aircraft[***]2014
21159 946142A321 Backlog Aircraft[***]2014
22159 947143A321 Backlog Aircraft[***]2014
23159 948144A321 Backlog Aircraft[***]2014
24159 949145A321 Backlog Aircraft[***]2014
25159 956146A321 Backlog Aircraft[***]2015
26159 957147A321 Backlog Aircraft[***]2015
27159 958148A321 Backlog Aircraft[***]2015
28159 959149A321 Backlog Aircraft[***]2015
29159 929150A321 Backlog Aircraft[***]2015
30159 930151A321 Backlog Aircraft[***]2015
31159 931152A321 Backlog Aircraft[***]2015


Exhibit 10.6(f)
32159 932153A321 Backlog Aircraft[***]2015
33159 933154A321 Backlog Aircraft[***]2015
3410002716155Incremental A321 Aircraft[***]2015
35159 920156A321 Backlog Aircraft[***]2015
3610002752157Incremental A321 Aircraft[***]2015


 CACiD
No.
Aircraft Rank No.TypeScheduled Delivery Month/QuarterScheduled Delivery Year
37159 911158A321 Backlog Aircraft[***]2016
38159 912159A321 Backlog Aircraft[***]2016
39159 917160A321 Backlog Aircraft[***]2016
40159 918161A321 Backlog Aircraft[***]2016
41159 926162A321 Backlog Aircraft[***]2016
42159 927163A321 Backlog Aircraft[***]2016
43159 928164A321 Backlog Aircraft[***]2016
44159 952165A321 Backlog Aircraft[***]2016
45159 953166A321 Backlog Aircraft[***]2016
46159 934167A321 Backlog Aircraft[***]2016
47159 922168Converted A321 Backlog Aircraft[***]2017
48159 954169Converted A321 Backlog Aircraft[***]2017
49159 955170Converted A321 Backlog Aircraft[***]2017
50159 921171Converted A321 Backlog Aircraft[***]2017
51104 440172Converted A321 Backlog Aircraft[***]2017
52104 442173Converted A321 Backlog Aircraft[***]2017
5310054088249Additional A321 Aircraft[***]2017
54159 909174Converted A321 Backlog Aircraft[***]2017
5510054089250Additional A321 Aircraft[***]2017
5610002770175Incremental A321 Aircraft[***]2017


Exhibit 10.6(f)
5710054090251Additional A321 Aircraft[***]2017
5810002771176Incremental A321 Aircraft[***]2017
5910054091252Additional A321 Aircraft[***]2017
6010002772177Incremental A321 Aircraft[***]2017
6110054092253Additional A321 Aircraft[***]2017
62159 910178Converted A321 Backlog Aircraft[***]2018
6310054093254Additional A321 Aircraft[***]2018
6410054100261Additional A321 Aircraft[***]2018
6510054101262Additional A321 Aircraft[***]2018
6610054102263Additional A321 Aircraft[***]2018
6710054097258Additional A321 Aircraft[***]2018
6810054098259Additional A321 Aircraft[***]2018
6910054094255Additional A321 Aircraft[***]2018
7010054099260Additional A321 Aircraft[***]2018
7110054095256Additional A321 Aircraft[***]2018
7210054096257Additional A321 Aircraft[***]2018


 CACiD
No.
Aircraft Rank No.TypeScheduled Delivery Month/QuarterScheduled Delivery Year
73402 132179Converted A321 NEO Aircraft[***]2019
7410002778184Incremental A321 NEO Aircraft[***]2019
75402 137185Converted A321 NEO Aircraft[***]2019
76402 135182Converted A321 NEO Aircraft[***]2019
77402 136183Converted A321 NEO Aircraft[***]2019
7810002779190Incremental A321 NEO Aircraft[***]2019
7910002780191Incremental A321 NEO Aircraft[***]2019
80402 134181Converted A321 NEO Aircraft[***]2019
81402 141189Converted A321 NEO Aircraft[***]2019
82402 140188Converted A321 NEO Aircraft[***]2019
8310002782193Incremental A321 NEO Aircraft[***]2019
8410002783194Incremental A321 NEO Aircraft[***]2019


Exhibit 10.6(f)
8510002784195Incremental A321 NEO Aircraft[***]2019
8610002781192Incremental A321 NEO Aircraft[***]2019
8710002785196Incremental A321 NEO Aircraft[***]2019
8810002786197Incremental A321 NEO Aircraft[***]2019
8910002787198Incremental A321 NEO Aircraft[***]2019
9010002788199Incremental A321 NEO Aircraft[***]2019
9110002756200A321 NEO Aircraft[***]2020
9210002760201A321 NEO Aircraft[***]2020
9310002764202A321 NEO Aircraft[***]2020
9410002789203Incremental A321 NEO Aircraft[***]2020
9510002790204Incremental A321 NEO Aircraft[***]2020
9610002791205Incremental A321 NEO Aircraft[***]2020
9710002792206Incremental A321 NEO Aircraft[***]2020
9810054124264Additional A321 NEO Aircraft[***]2020
9910009793207Incremental A321 NEO Aircraft[***]2020
10010002794208Incremental A321 NEO Aircraft[***]2020
101402 142209A320 NEO Aircraft[***]2020
102402 143210A320 NEO Aircraft[***]2020
10310054125265Additional A321 NEO Aircraft[***]2020
104402 144211A320 NEO Aircraft[***]2020
105402 145212A320 NEO Aircraft[***]2020
106402 146213A320 NEO Aircraft[***]2020
107402 147214A320 NEO Aircraft[***]2020
10810054126266Additional A321 NEO Aircraft[***]2020

 CACiD
No.
Aircraft Rank No.TypeScheduled Delivery Month/QuarterScheduled Delivery Year
109402 151215A320 NEO Aircraft[***]2021
110402 152216A320 NEO Aircraft[***]2021
111402 153217A320 NEO Aircraft[***]2021
112402 154218A320 NEO Aircraft[***]2021
11310054127267Additional A321 NEO Aircraft[***]2021
114402 155219A320 NEO Aircraft[***]2021


Exhibit 10.6(f)
115402 156220A320 NEO Aircraft[***]2021
116402 157221A320 NEO Aircraft[***]2021
117402 158222A320 NEO Aircraft[***]2021
11810054128268Additional A321 NEO Aircraft[***]2021
119402 159223A320 NEO Aircraft[***]2021
120402 160224A320 NEO Aircraft[***]2021
121402 161225A320 NEO Aircraft[***]2021
122402 162226A320 NEO Aircraft[***]2021
12310054129269Additional A321 NEO Aircraft[***]2021
124402 163227A320 NEO Aircraft[***]2021
125402 164228A320 NEO Aircraft[***]2021
126402 165229A320 NEO Aircraft[***]2021
127402 166230A320 NEO Aircraft[***]2021
12810054130270Additional A321 NEO Aircraft[***]2021
129402 148231A320 NEO Aircraft[***]2022
130402 149232A320 NEO Aircraft[***]2022
131402 150233A320 NEO Aircraft[***]2022
13210002765234A321 NEO Aircraft[***]2022
13310054131271Additional A321 NEO Aircraft[***]2022
13410002766235A321 NEO Aircraft[***]2022
13510002767236A321 NEO Aircraft[***]2022
13610002768237A321 NEO Aircraft[***]2022
13710002769238A321 NEO Aircraft[***]2022
13810054132272Additional A321 NEO Aircraft[***]2022
13910002773239A321 NEO Aircraft[***]2022
14010002774240A321 NEO Aircraft[***]2022
141402 127241A321 NEO Aircraft[***]2022
142402 128242A321 NEO Aircraft[***]2022
14310054133273Additional A321 NEO Aircraft[***]2022
144402 129243A321 NEO Aircraft[***]2022

 CACiD
No.
Aircraft Rank No.TypeScheduled Delivery Month/QuarterScheduled Delivery Year


Exhibit 10.6(f)
145402 130244A321 NEO Aircraft[***]2022
146402 131245A321 NEO Aircraft[***]2022
14710002775246Incremental A321 NEO Aircraft[***]2022
14810054134274Additional A321 NEO Aircraft[***]2022
14910002776247Incremental A321 NEO Aircraft[***]2023
15010054135275Additional A321 NEO Aircraft[***]2023
151402 138186Converted A321 NEO Aircraft[***]2023
15210054136276Additional A321 NEO Aircraft[***]2023
153402 133180Converted A321 NEO Aircraft[***]2023
15410002777248Incremental A321 NEO Aircraft[***]2023
15510054137277Additional A321 NEO Aircraft[***]2023
15610054138278Additional A321 NEO Aircraft[***]2023
157402 139187Converted A321 NEO Aircraft[***]2023






Exhibit 10.6(f)
APPENDIX 2

PART 5 TO EXHIBIT C

Appendix 2
to
Amendment No. 6



Part 5 to Exhibit C to the Agreement

CFM INTERNATIONAL
PRICE REVISION FORMULA (CEO)







Exhibit 10.6(f)
APPENDIX 3

LETTER AGREEMENT NO. 5H

Appendix 3
to
Amendment No. 6



A321 AIRCRAFT PERFORMANCE GUARANTEE –
(CFM 56-5B3/3 ENGINES)

PART 5CFM INTERNATIONAL PRICE REVISION FORMULA (CEO)
(APPLICABLE TO ENGINES ON ADDITIONAL A321 AIRCRAFT AS RELEVANT)

5.1

Propulsion Systems Reference Price

The “Reference Price” for a set of two (2)

CFM INTERNATIONAL CFM 56-5B3/3 engines is US$ [***] (US dollars – [***]).

This Reference Price is subject to adjustment for changes in economic conditions as measured by data obtained from the US Department of Labor, Bureau of Labor Statistics and in accordance with the provisions of Clauses 5.4 and 5.5 of this Exhibit C.

5.2REFERENCE PERIOD

The above Reference Price has been established in accordance with the economical conditions prevailing for a theoretical delivery in [***] as defined by CFM INTERNATIONAL by the Reference Composite Price Index (CPIb) of [***].

1.5.3    INDEXES
Labor Index: “Employment Cost Index for Workers in Aerospace manufacturing” hereinafter referred to as “ECI336411W”, quarterly published by the US Department of Labor, Bureau of Labor Statistics, in “NEWS”, and found in Table 9, “WAGES and SALARIES (not seasonally adjusted): Employment Cost Indexes for Wages and Salaries for private industry workers by industry and


Exhibit 10.6(f)
occupational group”, or such other name that may be from time to time used for the publication title and/or table, (Aircraft manufacturing, NAICS code 336411, base month and year December 2005 = 100, hereinafter mutiplied by [***] and rounded to the first decimal place.)

The quarterly value released for a certain month (March, June, September and December) shall be the one deemed to apply for the two preceding months.
    
Index code for access on the Web site of the US Bureau of Labor Statistics: CIU2023211000000I.

Material Index: “Industrial Commodities” (hereinafter referred to as “IC”) as published in “PPI Detailed Report” (found in Table 9. “Producer price indexes and percent changes for commodity and service groupings and individual items not seasonally adjusted” or such other names that may be from time to time used for the publication title and/or table). (Base Year 1982 = 100).

Index code for access on the Web site of the US Bureau of Labor Statistics: WPU03THRU15

2.

5.4    REVISION FORMULA
[***]

[***]

[***]

[***]

[***]
[***]

[***]

[***]

[***]

[***]

[***]
3.5.5    GENERAL PROVISIONS
5.5.1Roundings



Exhibit 10.6(f)
(i)The Material index average ([***]) shall be rounded to the nearest second decimal place and the labor index average ([***]) shall be rounded to the nearest first decimal place.

(ii)CPIn shall be rounded to the nearest second decimal place.

(iii)The final factor ([***]) shall be rounded to the nearest third decimal place.

If the next succeeding place is five (5) or more, the preceding decimal place shall be raised to the next higher figure.
    
After final computation, [***] shall be rounded to the nearest whole number (0.5 rounds to 1).

5.5.2Final Index Values

The revised Reference Price at the date of Aircraft Delivery shall not be subject to any further adjustments in the indexes.

5.5.3Interruption of Index Publication

If the US Department of Labor substantially revises the methodology of calculation or discontinues any to these indexes referred to hereabove, the Seller shall reflect the substitute for the revised or discontinued index selected by CFM INTERNATIONAL, such substitute index to lead in application to the same adjustment result, insofar as possible, as would have been achieved by continuing the use of the original index as it may have fluctuated had it not been revised or discontinued.

Appropriate revision of the formula shall be made to accomplish this result.

5.5.4Annulment of Formula


Exhibit 10.6(f)

Should the above escalation provisions become null and void by action of the US Government, the Reference Price shall be adjusted due to increases in the costs of labor and material which have occurred from the period represented by the applicable Reference Composite Price Index to the twelfth (12th) month prior to the month of Aircraft Delivery.

5.5.5Limitations

Should the ratio [***].




Exhibit 10.6(f)
LETTER AGREEMENT NO. 5H

As of April 11th, 2017

JetBlue Airways Corporation
27-01 Queens Plaza North
Long Island City, New York 11101

Re: A321 AIRCRAFT PERFORMANCE GUARANTEE – (CFM56-5B3/3 ENGINES)

Dear Ladies and Gentlemen,

JetBlue Airways Corporation (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an A320 Family Aircraft Purchase Agreement dated as of October 19, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, including without limitation by Amendment No. 1 dated as of October 25, 2013, Amendment No. 2 dated as of November 19, 2014, Amendments No. 3 and No. 4 dated as of July 26, 2016, Amendment No. 5 dated as of August 9, 2016 and Amendment No. 6 dated as of even date herewith) (the “Agreement”), which covers, among other matters, the sale by the Seller and the purchase by the Buyer of certain Aircraft, under the terms and conditions set forth in said Agreement. The Buyer and the Seller have agreed to set forth in this Letter Agreement No. 5H (this “Letter Agreement”) certain additional terms and conditions regarding the sale of the Aircraft. Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement. The terms “herein”, “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

Both parties agree that this Letter Agreement will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement will govern.

1    AIRCRAFT CONFIGURATION

The guarantees defined below (the “Guarantees”) are applicable to the A321-200 Aircraft as described in the Standard Specification reference E 000 02000 Issue 5 dated 20th June 2011 amended by Specification Change Notices (SCNs) for:

i)    installation of Sharklets

ii)    installation of CFM International CFM56-5B3/3 engines

iii)    the following design weights:

Maximum Take-Off Weight (MTOW)    [***] kg ([***] lb)
Maximum Landing Weight (MLW)    [***] kg ([***] lb)
Maximum Zero Fuel Weight (MZFW)    [***] kg ([***] lb)

iv)    [***]


Exhibit 10.6(f)

hereinafter referred to as the “Specification” without taking into account any further changes thereto as provided in the Agreement.

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9    UNDERTAKING REMEDIES

Should an Aircraft fail to meet the Guarantees specified in this Letter Agreement, the Seller shall use its reasonable endeavours to correct the deficiency to comply with the subject guarantee.

[***]

If the foregoing correctly sets forth our understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.

AIRBUS S.A.S


By: /s/ Christophe Mourey

Title: Senior Vice President


JETBLUE AIRWAYS CORPORATION

        
By: /s/ Steve Priest

Title: Chief Financial Officer