EX-4.15 17 d128959dex415.htm EX-4.15 EX-4.15

EXHIBIT 4.15

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT

BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT

TREATS AS PRIVATE OR CONFIDENTIAL

Supplemental Agreement No. 12

to

Purchase Agreement No. 2191

between

The Boeing Company

and

COPA Holdings, S.A., Inc. Relating to

Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT entered into as of Feb 26, 2007 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A., INC. (Customer);

WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998 (the Agreement), as amended and supplemented, relating to Boeing Model 737-7V3 and 737-8V3 aircraft (the Aircraft); and

WHEREAS, Customer and Boeing have come to agreement on the **Material Redacted** and

WHEREAS, Boeing and Buyer have mutually agreed to amend the Agreement to incorporate the effect of these and certain other changes;

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Agreement as follows:

 

  1.1.

Table of Contents and Tables:

 

  1.2.

Remove and replace, in its entirety the “Table of Contents”, with the “Table of Contents” attached hereto and hereby made a part of the Agreement, to reflect the changes made by this Supplemental Agreement.

 

  1.3.

Table 1-4 entitled “Aircraft Information Table for Model 737- 7V3 Aircraft ” is attached hereto to reflect the deletion of the May 2008 737-7V3 aircraft from this table.

 

  1.4.

Table 1-5 entitled “Aircraft Information Table for Model 737- 8V3 Aircraft ” is attached hereto to reflect the addition of the May 2008 737-8V3 aircraft to this table.

The Purchase Agreement will be deemed to be supplemented to the extent herein provided as of the date hereof and as so supplemented will continue in full force and effect.

 

PA No. 2191

  

Page 1

   SA No. 12

Boeing and Customer have each caused this Supplemental Agreement to be duly executed as of the day and year first written above.

 

  THE BOEING COMPANY       COPA HOLDINGS, S.A.
  **Material Redacted**      
By:  

 

     By:  

 

Its:  

Attorney-In-Fact

     Its:  

Chief Executive Officer

 

PA No. 2191

  

Page 2

   SA No. 12

TABLE OF CONTENTS

 

ARTICLES

     
 SA
NUMBER		  
 

1.    

    Quantity, Model and Description      SA 3  

2.    

    Delivery Schedule   

3.    

    Price   

4.    

    Payment      SA 3  

5.    

    Miscellaneous   

TABLE

   

1-1  

    Aircraft Information Table for Model 737 - 7V3 Aircraft      SA 4  

1-2  

    Aircraft Information Table for Model 737 - 8V3 Aircraft      SA 5  

1-3  

    Aircraft Information Table for Model 737 - 7V3 Aircraft      SA 7  

1-4  

    Aircraft Information Table for Model 737 - 7V3 Aircraft      SA 12  

1-5  

    Aircraft Information Table for Model 737 - 8V3 Aircraft      SA 12  

EXHIBIT

   

A-1  

    Aircraft Configuration for Model 737 - 7V3 Aircraft      SA 3  

A-2  

    Aircraft Configuration for Model 737 - 8V3 Aircraft      SA 3  

B.    

    Aircraft Delivery Requirements and Responsibilities      SA 3  

SUPPLEMENTAL EXHIBITS

   

AE1.  

    Escalation Adjustment Airframe and Optional Features      SA 10  

BFE1.

    BFE Variables      SA 3  

CS1.  

    Customer Support Variables      SA 3  

EE1.  

    Engine Escalation/Engine Warranty and Patent Indemnity   

SLP1.

    Service Life Policy Components   

 

PA No. 2191     SA No. 12

LETTER AGREEMENTS

   

2191-01

      Demonstration Flight Waiver   

2191-02

      Escalation Sharing   

2191-03

      Seller Purchased Equipment   

RESTRICTED LETTER AGREEMENTS

   

6-1162-DAN  -0123

      Performance Guarantees   

6-1162-DAN -0124

      Special Matters   

6-1162-DAN -0155

      Airframe Escalation Revision   

6-1162-DAN -0156

      Year 2000 Ready Software, Hardware and Firmware   

6-1162-DAN -0157

      Miscellaneous Matters   

6-1162-MJB-0017  

      Special Matters   

6-1162-MJB-0030  

      Special Matters   

6-1162-LAJ-874R  

      Special Matters      SA 5  

6-1162-LAJ-874R1

      Special Matters      SA 6  

6-1162-LAJ-874R2

      Special Matters      SA 7  

6-1162-LAJ-982    

      Special Matters      SA 8  

6-1162-LAJ-982R3

      Special Matters      SA 11  

6-1162-RLL-3852  

      737-800 Performance Guarantees      SA 9  

SUPPLEMENTAL AGREEMENTS

      DATED AS OF:  

Supplemental Agreement No. 1

      June 29, 2001  

Supplemental Agreement No. 2

      December 21, 2001  

Supplemental Agreement No. 3

      June 14, 2002  

Supplemental Agreement No. 4

      December 20, 1002  

Supplemental Agreement No. 5

      October 31, 2003  

Supplemental Agreement No. 6

      September 9, 2004  

Supplemental Agreement No. 7

      December 9, 2004  

Supplemental Agreement No. 8

      April 15, 2005  

Supplemental Agreement No. 9

      March 16, 2006  

Supplemental Agreement No. 10

      May 8, 2006  

Supplemental Agreement No. 11

      August  30 , 2006  

Supplemental Agreement No. 12

                  , 2007  

 

PA No. 2191     SA No. 12

Table 1-4

Aircraft Information Table for Model 737-7V3 Aircraft

Aircraft Delivery, Description, Price and Advance Payments

 

Airframe Model/MTOW:

      737-700      154,500

Engine Model:

      CFM56 -7B22     

Airframe Price:

       **Material Redacted**

Optional Features:

       **Material Redacted**
     

 

Sub-Total of Airframe and Features:

 

    **Material Redacted**

Engine Price (Per Aircraft):

 

    **Material Redacted**

Aircraft Basic Price (Excluding BFE/SPE):

 

    **Material Redacted**
     

 

Buyer Furnished Equipment (BFE) Estimate:

 

    **Material Redacted**

Seller Purchased Equipment (SPE) Estimate:

 

    **Material Redacted**

Refundable Deposit/Aircraft at Proposal Accept:

 

    **Material Redacted**
Detail Specification:    D6-38808-42-1  
   (4/30/2004)  
Airframe Price Base Year/Escalation Formula:    Jul-04   ECI-MFG/CPI
Engine Price Base Year/Escalation Formula:    N/A   N/A
Airframe Escalation Data:  

 

     
Base Year Index (ECI):    **Material Redacted**
Base Year Index (CPI):    **Material Redacted**
 

Delivery
Date

   

Number of
Aircraft

   

    
    
Escalation

Factor
(Airframe)

   

Manufacturer
Serial Number

**Material

    **Material    **Material    **Material

Redacted**

    Redacted**    Redacted**    Redacted**

**Material

    **Material    **Material    **Material

Redacted**

    Redacted**    Redacted**    Redacted**

Escalation
Estimate
Adv Payment

Base
Price Per A/P

   

Advance Payment Per Aircraft
(Amts. Due/Mos. Prior to Delivery):

  

At Signing
1%

   

24 Mos.
4%

   

21/18/12/9/6

Mos.
5%

   

Total
30%

**Material    **Material    **Material    **Material    **Material
Redacted**    Redacted**    Redacted**    Redacted**    Redacted**
**Material    **Material    **Material    **Material    **Material
Redacted**    Redacted**    Redacted**    Redacted**    Redacted**
 

Total:

      2                                                                                                                                                                                                                                        

 

COP — SA 12    
May 08 — Sub from -700 to a -800   Boeing Proprietary   Page 1

Table 1-5

Aircraft Information Table for Model 737-8V3 Aircraft

Delivery, Description, Price and Advance Payments

 

Airframe Model/MTOW:

      37-8V3      174,200 pounds

Engine Model/Thrust:

      CFM56 -7B26      26,400 pounds

Airframe Price:

       **Material Redacted**
     

 

Optional Features:

       **Material Redacted**

Sub-Total of Airframe and Features:

 

    **Material Redacted**

Engine Price (Per Aircraft):

 

    **Material Redacted**

Aircraft Basic Price (Excluding BFE/SPE):

 

    **Material Redacted**
     

 

Buyer Furnished Equipment (BFE) Estimate:

 

    **Material Redacted**

Seller Purchased Equipment (SPE) Estimate:

 

    **Material Redacted**

Refundable Deposit/Aircraft at Proposal Accept:

 

    **Material Redacted**
Detail Specification:    D6-38808-1 Rev C,   
   dated 5-4-05   

Airframe Price Base

Year/Escalation Formula:

    Jul-04    ECI-MFG/CPI
Engine Price Base Year/Escalation Formula:    N/A    N/A
Airframe Escalation Data:   
Base Year Index (ECI):    **Material Redacted**
Base Year Index (CPI):    **Material Redacted**
 

Delivery
Date

   

Number of
Aircraft

   

    
    
Escalation

Factor
(Airframe)

   

Manufacturer
Serial Number

**Material

    **Material    1.1101    35068

Redacted**

    Redacted**      

**Material

    **Material    **Material    **Material

Redacted**

    Redacted**    Redacted**    Redacted**

**Material

    **Material    **Material    **Material

Redacted**

    Redacted**    Redacted**    Redacted**

**Material

    **Material    **Material    **Material

Redacted**

    Redacted**    Redacted**    Redacted**

Escalation
Estimate
Adv Payment

Base
Price Per A/P

   

Advance Payment Per Aircraft
(Amts. Due/Mos. Prior to Delivery):

  

At Signing
1%

   

24 Mos.
4%

   

21/18/12/9/6

Mos.
5%

   

Total
30%

$71,479,000    $624,790    $2,859,160    $3,573,950    $21,443,700
           
**Material    $ 629,620    **Material    **Material    **Material
Redacted**       Redacted**    Redacted**    Redacted**
**Material    **Material    **Material    **Material    **Material
Redacted**    Redacted**    Redacted**    Redacted**    Redacted**
**Material    **Material    **Material    **Material    **Material
Redacted**    Redacted**    Redacted**    Redacted**    Redacted**
 

Total:

      4                                                                                                                                                                                                                                        

 

COP — SA 12

44193-May 08 Sub to -700 to a -800

  

Boeing Proprietary

   Page 1