EX-10.44 2 c70706exv10w44.htm EXHIBIT 10.44 Filed by Bowne Pure Compliance
 

EXHIBIT 10.44
CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT
TO A REQUEST FOR CONFIDENTIAL TREATMENT
Supplemental Agreement No. 11
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 August 30, 2006 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, Tables and Exhibits:
 
  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 November 2007 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 November 2007 737-8V3 aircraft to this table.

 

         
PA No. 2191   Page 1   SA No. 10

 

EXHIBIT 10.44
  1.5.   Letter Agreements: No. 6-1162-LAJ-982R3, entitled “Special Matters” Article 14 has been updated to correct various manufacturer’s serial numbers and to include our agreement on **Material Redacted** for certain future aircraft.
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.
 
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. 10

 

EXHIBIT 10.44
TABLE OF CONTENTS
         
        SA
ARTICLES       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 11
     1-5  
Aircraft Information Table for Model 737-8V3 Aircraft
   SA 11
   
 
    
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. 10

 

EXHIBIT 10.44
         
   
 
    
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 , 2006

 

     
PA No. 2191   SA No. 10

 

Table 1-4
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) 		  4th Qtr 2004
Forecast (F)
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**		    


                                         
                        Escalation    
                        Estimate    
                        Adv   Advance Payment Per Aircraft
                        Payment   (Amts. Due/Mos. Prior to Delivery):
            Escalation   Manufacturer       Base           21/18/12/9/6    
Delivery   Number of   Factor   Serial       Price Per   At Signing   24 Mos.   Mos.   Total
Date   Aircraft   (Airframe)   Number       A/P   1%   4%   5%   30%
**Material
Redacted**
  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		      **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted**
**Material
Redacted**
  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		      **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted**
**Material
Redacted**
  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		      **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted**
 
                                        
Total:
    3                                  
         
COP — SA 11        
Nov 07 — Sub from -700 to a -800   Boeing Proprietary   Page 1

 

 

 

Table 1-5
Aircraft Delivery, Description, Price and Advance Payments

         
Airframe Model/MTOW:
  737-8V3   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 		  4th Qtr 2005
Forecast (F)
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**		    


                                         
                        Escalation    
                        Estimate   Advance Payment Per Aircraft
                        Adv Payment   (Amts. Due/Mos. Prior to Delivery):
            Escalation   Manufacturer       Base           21/18/12/9/6    
Delivery   Number of   Factor   Serial       Price Per   At Signing   24 Mos.   Mos.   Total
Date   Aircraft   (Airframe)   Number       A/P   1%   4%   5%   30%
**Material
Redacted**
  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		      **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted**
**Material
Redacted**
  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		      **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted**
**Material
Redacted**
  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		      **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted** 		  **Material
Redacted**
 
                                        
Total:
    3                                  
         
COP — SA 11        
Nov 07 — Sub from -700 to a -800   Boeing Proprietary   Page 2

 

 

 

 
 
(BOEING LOGO)
The Boeing Company
P.O. Box 3707
Seattle, WA 98124-2207
6-1162-LAJ-982R3
COPA HOLDINGS, S.A.
Apartado 1572
Avenida Justo Arosemena y Calle 39
Panama 1, Panama
     
Subject:
  Special Matters
 
    
Reference:
  Purchase Agreement No. 2191 (the Purchase Agreement) between The Boeing Company (Boeing) and COPA HOLDINGS, S.A. (Customer) relating to Model 737 aircraft (the Aircraft)
This Letter Agreement amends and supplements the Purchase Agreement. This Letter Agreement supersedes and replaces in its entirety Letter Agreement 6-1162-MJB-0017. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. In consideration of the Aircraft orders, Boeing provides the following to Customer.
1.   **Material Redacted**
 
2.   **Material Redacted**
 
3.   **Material Redacted**
 
4.   **Material Redacted**.
 
5.   **Material Redacted**
 
6.   **Material Redacted**
 
7.   **Material Redacted**
 
8.   **Material Redacted**
 
9.   **Material Redacted**
 
10.   **Material Redacted**
 
11.   **Material Redacted**

 

     
PA 2191   SA 11


 

 
 
(BOEING LOGO)
12.   **Material Redacted**
 
13.   **Material Redacted**
 
14.   **Material Redacted**
 
15.   **Material Redacted**
 
16.   **Material Redacted**
 
17.   Confidentiality. Customer understands that certain commercial and financial information contained in this Letter Agreement are considered by Boeing as confidential. Customer agrees that it will treat this Letter Agreement and the information contained herein as confidential and will not, without the prior written consent of Boeing, disclose this Letter Agreement or any information contained herein to any other person or entity.
ACCEPTED AND AGREED TO this
         
Date:
      , 2006
 
       
THE BOEING COMPANY
         
**Material Redacted**    
 
        
By
       
 
       
 
        
Its
  Attorney-In-Fact    
 
       
 
        
COPA HOLDINGS, S.A.    
 
        
By
       
 
       
 
        
Its
  Chief Executive Officer    
 
       

 

     
PA 2191   SA 11