EX-10.2 3 a05-1472_1ex10d2.htm EX-10.2

Exhibit 10.2

 

 

IAE Building

400 Main Street

East Hartford, CT 06108 USA

 

November 19, 2004

 

JetBlue Airways Corporation

19 Old Kings Highway South, Suite 23

Darien, Connecticut 06820

Attention: Vice President and Treasurer

 

Subject:                                                     Side Letter No. 18 to the V2500 General Terms of Sale Agreement between JetBlue Airways Corporation and IAE International Aero Engines AG dated May 4, 1999

 

Dear Tom:

 

We refer to the V2500 General Terms of Sale Agreement between JetBlue Airways Corporation (“JetBlue”) and IAE International Aero Engines AG (“IAE”) dated May 4, 1999 (the “Agreement”).  Capitalized terms used herein which are not otherwise defined shall have the same meaning as those given to them in the Agreement.

 

IAE is pleased to submit to JetBlue this Side Letter No. 18 to the Agreement in support of JetBlue’s *** delivery of two (2) Firm Spare Engines originally scheduled for delivery in *** 2005 and *** 2006, respectively (the “*** Spare Engines”).  IAE hereby agrees as follows with respect to such *** Spare Engines:

 

1.                                       IAE will make such *** Spare Engines available to JetBlue *** in *** 2005 and *** 2005, respectively.

 

2.             The Purchase Price for each such Engine will escalate in accordance with the Contract to *** 2005, ***% of such Purchase Price with respect to the first of such *** Spare Engines, which amount is the *** of such Purchase Price to the original scheduled delivery date, and *** 2005, ***% of such Purchase Price with respect to the second of such *** Spare Engines, which amount is the *** of such Purchase Price to the original scheduled delivery date, but ***.

 


***                           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.

 

IAE PROPRIETARY INFORMATION

 

1



 

3.                                       These new *** delivery dates and the correction of certain information in the prior delivery schedule shall be reflected in the new JetBlue Aircraft and Spare Engine delivery schedule set forth as Exhibit B-1 hereto, which schedule shall replace in its entirety the existing delivery schedule attached to Side Letter No. 17.

 

Except as expressly amended by this Side Letter No. 18 all provisions of the Agreement 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/ DAVID AVERY

 

 

/S/ THOMAS E. ANDERSON

 

Name: David Avery

 

Name: Thomas E. Anderson

 

 

 

Chief Financial Officer

 

 

Senior Vice President

 

Title

 

Title

November 22, 2004

 

 

November 22, 2004

 

Date

 

Date

 


***                           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.

 

2



 

EXHIBIT B-1

 

AIRCRAFT DELIVERY SCHEDULES

 

As of August 2004

 

Glossary Note:

 

                  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

 

Rank No.

 

Aircraft

 

Delivery

 

No. 1

 

Firm Aircraft

 

*** 2000

 

No. 2

 

Firm Aircraft

 

*** 2000

 

No. 3

 

Firm Aircraft

 

*** 2000

 

No. 4

 

Firm Aircraft

 

*** 2000

 

No. 5

 

Firm Aircraft

 

*** 2000

 

No. 6

 

Firm Aircraft

 

*** 2000

 

No. 7

 

Firm Aircraft

 

*** 2001

 

No. 8

 

Firm Aircraft

 

*** 2001

 

No. 9

 

Firm Aircraft

 

*** 2001

 

No. 10

 

Firm Aircraft

 

*** 2001

 

No. 11

 

Firm Aircraft

 

*** 2001

 

No. 12

 

Firm Aircraft

 

*** 2001

 

No. 13

 

Firm Aircraft

 

*** 2001

 

No. 14

 

Firm Aircraft

 

*** 2002

 

No. 15

 

Firm Aircraft

 

*** 2002

 

No. 17

 

Firm Aircraft

 

*** 2002

 

No. 17

 

Firm Aircraft

 

*** 2002

 

No. 18

 

Firm Aircraft

 

*** 2002

 

No. 19

 

Firm Aircraft

 

*** 2002

 

No. 20

 

Firm Aircraft

 

*** 2002

 

No. 21

 

Firm Aircraft

 

*** 2002

 

No. 22

 

Firm Aircraft

 

*** 2002

 

No. 23

 

Firm Aircraft

 

*** 2002

 

No. 24

 

Firm Aircraft

 

*** 2002

 

No. 25

 

Firm Aircraft

 

*** 2002

 

No. 26

 

Firm Aircraft

 

*** 2002

 

No. 27

 

Firm Aircraft

 

*** 2002

 

 


***                           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



 

No. 28

 

Firm Aircraft

 

*** 2002

 

No. 29

 

Firm Aircraft

 

*** 2002

 

 

 

 

 

 

 

No. 30

 

Firm Aircraft

 

*** 2003

 

No. 31

 

Firm Aircraft

 

*** 2003

 

No. 32

 

Firm Aircraft

 

*** 2003

 

No. 33

 

Firm Aircraft

 

*** 2003

 

No. 34

 

Firm Aircraft

 

*** 2003

 

No. 35

 

Firm Aircraft

 

*** 2003

 

No. 36

 

Firm Aircraft

 

*** 2003

 

No. 37

 

Firm Aircraft

 

*** 2003

 

No. 38

 

Firm Aircraft

 

*** 2003

 

No. 39

 

Firm Aircraft

 

*** 2003

 

No. 40

 

Firm Aircraft

 

*** 2003

 

No. 41

 

Firm Aircraft

 

*** 2003

 

No. 42

 

Firm Aircraft

 

*** 2003

 

No. 43

 

Firm Aircraft

 

*** 2003

 

No. 44

 

Firm Aircraft

 

*** 2003

 

 

 

 

 

 

 

No. 45

 

Firm Aircraft

 

*** 2004

 

No. 46

 

Firm Aircraft

 

*** 2004

 

No. 47

 

Firm Aircraft

 

*** 2004

 

No. 48

 

Firm Aircraft

 

*** 2004

 

No. 49

 

Firm Aircraft

 

*** 2004

 

No. 50

 

Firm Aircraft

 

*** 2004

 

No. 51

 

Firm Aircraft

 

*** 2004

 

No. 52

 

Firm Aircraft

 

*** 2004

 

No. 53

 

Firm Aircraft

 

*** 2004

 

No. 54

 

Firm Aircraft

 

*** 2004

 

No. 55

 

Firm Aircraft

 

*** 2004*

 

No. 56

 

Firm Aircraft

 

*** 2004

 

No. 57

 

Firm Aircraft

 

*** 2004

 

No. 58

 

Firm Aircraft

 

*** 2004

 

No. 59

 

Firm Aircraft

 

*** 2004*

 

 

 

 

 

 

 

No. 60

 

Firm Aircraft

 

*** 2005

 

No. 61

 

Firm Aircraft

 

*** 2005

 

No. 62

 

Firm Aircraft

 

*** 2005*

 

No. 63

 

Firm Aircraft

 

*** 2005

 

No. 64

 

Firm Aircraft

 

*** 2005

 

No. 65

 

Firm Aircraft

 

*** 2005

 

No. 66

 

Firm Aircraft

 

*** 2005

 

No. 67

 

Firm Aircraft

 

*** 2005*

 

No. 68

 

Firm Aircraft

 

*** 2005

 

No. 69

 

Firm Aircraft

 

*** 2005

 

 


***                           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.

 

4



 

No. 70

 

Firm Aircraft

 

*** 2005

 

No. 71

 

Firm Aircraft

 

*** 2005*

 

No. 72

 

Firm Aircraft

 

*** 2005

 

No. 73

 

Firm Aircraft

 

*** 2005

 

No. 74

 

Firm Aircraft

 

*** 2005*

 

 

 

 

 

 

 

No. 75

 

Firm Aircraft

 

*** 2006*

 

No. 76

 

Firm Aircraft

 

*** 2006

 

No. 77

 

Firm Aircraft

 

*** 2006

 

No. 78

 

Firm Aircraft

 

*** 2006*

 

No. 79

 

Firm Aircraft

 

*** 2006*

 

No. 80

 

Firm Aircraft

 

*** 2006

 

No. 81

 

Firm Aircraft

 

*** 2006*

 

No. 82

 

Firm Aircraft

 

*** 2006

 

No. 83

 

Firm Aircraft

 

*** 2006*

 

No. 84

 

Firm Aircraft

 

*** 2006*

 

No. 85

 

Firm Aircraft

 

*** 2006

 

No. 86

 

Firm Aircraft

 

*** 2006*

 

No. 87

 

Firm Aircraft

 

*** 2006*

 

No. 88

 

Firm Aircraft

 

*** 2006

 

No. 89

 

Firm Aircraft

 

*** 2006*

 

No. 90

 

Firm Aircraft

 

*** 2006*

 

No. 91

 

Firm Aircraft

 

*** 2006

 

 

 

 

 

 

 

No. 92

 

Firm Aircraft

 

*** 2007

 

No. 93

 

Firm Aircraft

 

*** 2007

 

No. 94

 

Firm Aircraft

 

*** 2007

 

No. 95

 

Firm Aircraft

 

*** 2007

 

No. 96

 

Firm Aircraft

 

*** 2007

 

No. 97

 

Firm Aircraft

 

*** 2007

 

No. 98

 

Firm Aircraft

 

*** 2007*

 

No. 99

 

Firm Aircraft

 

*** 2007*

 

No. 100

 

Firm Aircraft

 

*** 2007*

 

No. 101

 

Firm Aircraft

 

*** 2007

 

No. 102

 

Firm Aircraft

 

*** 2007*

 

No. 103

 

Firm Aircraft

 

*** 2007*

 

No. 104

 

Firm Aircraft

 

*** 2007*

 

No. 105

 

Firm Aircraft

 

*** 2007*

 

No. 106

 

Firm Aircraft

 

*** 2007*

 

No. 107

 

Firm Aircraft

 

*** 2007*

 

No. 108

 

Firm Aircraft

 

*** 2007*

 

 

 

 

 

 

 

No. 109

 

Firm Aircraft

 

Year 2008*

 

No. 110

 

Firm Aircraft

 

Year 2008*

 

No. 111

 

Firm Aircraft

 

Year 2008*

 

No. 112

 

Firm Aircraft

 

Year 2008*

 

 


***                           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.

 

5



 

No. 113

 

Firm Aircraft

 

Year 2008*

 

No. 114

 

Firm Aircraft

 

Year 2008*

 

No. 115

 

Firm Aircraft

 

Year 2008*

 

No. 117

 

Firm Aircraft

 

Year 2008*

 

No. 117

 

Firm Aircraft

 

Year 2008*

 

No. 118

 

Firm Aircraft

 

Year 2008*

 

No. 119

 

Firm Aircraft

 

Year 2008*

 

No. 120

 

Firm Aircraft

 

Year 2008*

 

No. 121

 

Firm Aircraft

 

Year 2008*

 

No. 122

 

Firm Aircraft

 

Year 2008

 

No. 123

 

Firm Aircraft

 

Year 2008

 

No. 124

 

Firm Aircraft

 

Year 2008

 

No. 125

 

Firm Aircraft

 

Year 2008

 

 

 

 

 

 

 

No. 126

 

Firm Aircraft

 

Year 2009*

 

No. 127

 

Firm Aircraft

 

Year 2009*

 

No. 128

 

Firm Aircraft

 

Year 2009*

 

No. 129

 

Firm Aircraft

 

Year 2009*

 

No. 130

 

Firm Aircraft

 

Year 2009*

 

No. 131

 

Firm Aircraft

 

Year 2009*

 

No. 132

 

Firm Aircraft

 

Year 2009*

 

No. 133

 

Firm Aircraft

 

Year 2009*

 

No. 134

 

Firm Aircraft

 

Year 2009*

 

No. 135

 

Firm Aircraft

 

Year 2009*

 

No. 136

 

Firm Aircraft

 

Year 2009

 

No. 137

 

Firm Aircraft

 

Year 2009

 

No. 138

 

Firm Aircraft

 

Year 2009

 

No. 139

 

Firm Aircraft

 

Year 2009

 

No. 140

 

Firm Aircraft

 

Year 2009

 

No. 141

 

Firm Aircraft

 

Year 2009

 

No. 142

 

Firm Aircraft

 

Year 2009

 

No. 143

 

Firm Aircraft

 

Year 2009

 

 

 

 

 

 

 

No. 144

 

Firm Aircraft

 

Year 2010*

 

No. 145

 

Firm Aircraft

 

Year 2010*

 

No. 146

 

Firm Aircraft

 

Year 2010*

 

No. 147

 

Firm Aircraft

 

Year 2010*

 

No. 148

 

Firm Aircraft

 

Year 2010*

 

No. 149

 

Firm Aircraft

 

Year 2010*

 

No. 150

 

Firm Aircraft

 

Year 2010*

 

No. 151

 

Firm Aircraft

 

Year 2010*

 

No. 152

 

Firm Aircraft

 

Year 2010*

 

No. 153

 

Firm Aircraft

 

Year 2010*

 

No. 154

 

Firm Aircraft

 

Year 2010

 

No. 155

 

Firm Aircraft

 

Year 2010

 

No. 156

 

Firm Aircraft

 

Year 2010

 

 

6



 

No. 157

 

Firm Aircraft

 

Year 2010

 

No. 158

 

Firm Aircraft

 

Year 2010

 

No. 159

 

Firm Aircraft

 

Year 2010

 

No. 160

 

Firm Aircraft

 

Year 2010

 

No. 161

 

Firm Aircraft

 

Year 2010

 

 

 

 

 

 

 

No. 162

 

Firm Aircraft

 

Year 2011*

 

No. 163

 

Firm Aircraft

 

Year 2011*

 

No. 164

 

Firm Aircraft

 

Year 2011*

 

No. 165

 

Firm Aircraft

 

Year 2011*

 

No. 166

 

Firm Aircraft

 

Year 2011*

 

No. 167

 

Firm Aircraft

 

Year 2011*

 

No. 168

 

Firm Aircraft

 

Year 2011

 

No. 169

 

Firm Aircraft

 

Year 2011

 

No. 170

 

Firm Aircraft

 

Year 2011

 

No. 171

 

Firm Aircraft

 

Year 2011

 

No. 172

 

Firm Aircraft

 

Year 2011

 

No. 173

 

Firm Aircraft

 

Year 2011

 

 

2004 Option Aircraft

 

No. 174

 

Option Aircraft

 

Year 2008

 

No. 175

 

Option Aircraft

 

Year 2008

 

 

 

 

 

 

 

No. 176

 

Option Aircraft

 

Year 2009

 

No. 177

 

Option Aircraft

 

Year 2009

 

 

 

 

 

 

 

No. 178

 

Option Aircraft

 

Year 2010

 

No. 179

 

Option Aircraft

 

Year 2010

 

 

 

 

 

 

 

No. 180

 

Option Aircraft

 

Year 2011

 

No. 181

 

Option Aircraft

 

Year 2011

 

No. 182

 

Option Aircraft

 

Year 2011

 

No. 183

 

Option Aircraft

 

Year 2011

 

No. 184

 

Option Aircraft

 

Year 2011

 

No. 185

 

Option Aircraft

 

Year 2011

 

No. 186

 

Option Aircraft

 

Year 2011

 

No. 187

 

Option Aircraft

 

Year 2011

 

No. 188

 

Option Aircraft

 

Year 2011

 

 

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.

 

No. 189

 

Option Aircraft

 

Year 2012

 

No. 190

 

Option Aircraft

 

Year 2012

 

No. 191

 

Option Aircraft

 

Year 2012

 

 

7



 

No. 192

 

Option Aircraft

 

Year 2012

 

No. 193

 

Option Aircraft

 

Year 2012

 

No. 194

 

Option Aircraft

 

Year 2012

 

No. 195

 

Option Aircraft

 

Year 2012

 

No. 196

 

Option Aircraft

 

Year 2012

 

No. 197

 

Option Aircraft

 

Year 2012

 

No. 198

 

Option Aircraft

 

Year 2012

 

No. 199

 

Option Aircraft

 

Year 2012

 

No. 200

 

Option Aircraft

 

Year 2012

 

No. 201

 

Option Aircraft

 

Year 2012

 

No. 202

 

Option Aircraft

 

Year 2012

 

No. 203

 

Option Aircraft

 

Year 2012

 

No. 204

 

Option Aircraft

 

Year 2012

 

No. 205

 

Option Aircraft

 

Year 2012

 

No. 206

 

Option Aircraft

 

Year 2012

 

No. 207

 

Option Aircraft

 

Year 2012

 

No. 208

 

Option Aircraft

 

Year 2012

 

 

 

 

 

 

 

No. 209

 

Option Aircraft

 

Year 2013

 

No. 210

 

Option Aircraft

 

Year 2013

 

No. 211

 

Option Aircraft

 

Year 2013

 

No. 212

 

Option Aircraft

 

Year 2013

 

No. 213

 

Option Aircraft

 

Year 2013

 

No. 214

 

Option Aircraft

 

Year 2013

 

No. 215

 

Option Aircraft

 

Year 2013

 

No. 217

 

Option Aircraft

 

Year 2013

 

No. 217

 

Option Aircraft

 

Year 2013

 

No. 218

 

Option Aircraft

 

Year 2013

 

No. 219

 

Option Aircraft

 

Year 2013

 

No. 220

 

Option Aircraft

 

Year 2013

 

No. 221

 

Option Aircraft

 

Year 2013

 

No. 222

 

Option Aircraft

 

Year 2013

 

No. 223

 

Option Aircraft

 

Year 2013

 

 

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.

 

8



 

EXHIBIT A-2

 

PURCHASED ITEMS, PRICE,

 

ESCALATION FORMULA AND DELIVERY

 

As of June 2004

 

Rank
No.

 

Purchased Item

 

Basic Contract
Price
U.S. Dollars
(January 2003)

 

Qty.

 

Delivery Date

 

1

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/99*

 

2

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/00*

 

3

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/01*

 

4

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/02*

 

5

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/02*

 

6

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/03*

 

7

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/04*

 

8

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/05

 

9

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/05

 

10

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/06

 

11

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/06

 

12

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/07

 

13

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/07

 

14

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/07

 

15

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/08

 

16

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/08

 

17

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/08

 

18

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/08

 

19

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/09

 

20

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/09

 

21

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/09

 

22

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/10

 

23

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/10

 

24

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/10

 

25

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/11

 

26

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/11

 

27

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/12

 

28

 

V2527-A5 spare Engine:

 

$

***

 

1

 

***/12

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

28

 

 

 

 


(*Denotes delivered Spare Engines)

 

***                           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.

 

9



 

Option Spare Engines

 

 

 

V2524-A5 Spare Engine:

 

$

***

 

V2527-A5 Spare Engine:

 

$

***

 

V2533-A5 Spare Engine:

 

$

***

 

 


***                           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.

 

10