EX-10.14 5 exhibit1014.htm EXHIBIT 10.14 Provided by MZ Data Products

Table of Contents

Exhibit 10.14

SUPPLEMENTAL AGREEMENT NO. 10

to

Purchase Agreement No.2910

between

THE BOEING COMPANY

and

GAC INC .

Relating to Boeing Model 737-SEH Aircraft

     THIS SUPPLEMENTAL AGREEMENT, entered into as of the 19th day of October 2006, by and between THE BOEING COMPANY, a Delaware corporation with its principal offices in the City of Seattle, State of Washington, USA (Boeing), and GAC INC., a company organized under the laws of the Cayman Islands (Buyer);

W I T N E S S E T H :

     WHEREAS, Boeing and Buyer entered into Purchase Agreement No. 2910, dated 17 May 2004, as amended and supplemented (the Agreement) relating to the purchase and sale of fifteen (15) Boeing Model 737-8EH aircraft; and

     WHEREAS, Buyer and Boeing now wish to amend certain terms and conditions associated with the Agreement, and

     WHEREAS, Boeing and Buyer have agreed to Buyer's exercise of twenty (20) purchase rights to become additional firmly contracted Model 737-8EH aircraft, and

     WHEREAS, Boeing and Buyer have also agreed to amend the Agreement to incorporate certain other changes as may be described herein;

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

1. Table of Contents.

     Remove and replace, in its entirety, the Table of Contents with a new Table of Contents (attached hereto) to reflect the incorporation of this Supplemental Agreement No. 10 (SA-10) into the Purchase Agreement.

2. Tables.

     2.1 Remove and replace, in its entirety Table 2, Aircraft Delivery, Description, Price, and Advance Payments, with a new Table 2 (attached hereto) in order to remove the August, September, and October aircraft scheduled to deliver in calendar year 2012 and to add one (1) new aircraft in October of calendar year 2010 and one (1) new aircraft in both August and September of calendar year 2011.

     2.2 Remove and replace, in its entirety Table 3, Aircraft Delivery, Description, Price, and Advance Payments, with a new Table 3 (attached hereto) in order to re-base the pricing from July 2004 to July 2006 for the existing seven (7) firmly contracted Table 3 aircraft.

     2.3 Add the new Table 4, Aircraft Delivery, Description, Price, and Advance Payments, (attached hereto) in order to add an additional twenty (20) aircraft with a July 2006 pricing base.

3. Exhibits.

3.1 Remove and replace, in its entirety, Supplemental Exhibit BFE1, Buyer Furnished Equipment Variables, with a new Supplemental Exhibit BFE1 (attached hereto) in order to incorporate the revised delivery positions of three (3) Table 2 aircraft, and to incorporate the addition of twenty (20) firmly contracted aircraft under this SA-10.

     3.2 Add the new Exhibit A2, Aircraft Configuration, applicable to the Table 3 and Table 4 aircraft, to reflect a July 2006 pricing base.

4. Letter Agreements.

     4.1 Remove and replace the Attachment A to Letter Agreement No. 6-1162-DME-0706R4, Purchase Right Aircraft, with a new Attachment A (attached hereto) to now reflect the exercise of twenty (20) purchase rights to become firmly contracted aircraft under this SA-10 and the addition of twenty (20) new additional purchase rights.

     4.2 Remove and replace the letter agreement no. 6-1162-DME-0707, Advance Payment Matters, in its entirety, with the new letter agreement no. 6-1162-DME-0707R1, Advance Payment Matters, (attached hereto) in order to incorporate (i) a change to the advance payment deferral interest rate, (ii) the addition of an advance payment cap, and (iii) the addition of language concerning set-off rights.

     4.3 Remove and replace the letter agreement no. 6-1162-DME-0824, Special Matters, in its entirety, and replace it with the new letter agreement no. 6-1162-DME-0824R1, Special Matters, (attached hereto) to incorporate the business considerations associated with the Tablet, Table 2, Table 3, and Table 4 aircraft.

     4.4 Remove and replace Page 1 and Page 2 of letter agreement no. 6-1162-DME-0825, Market Risk - Escalation, with a new Page 1 and Page 2 and to also add the new Attachments A & B thereto (attached hereto) in order to incorporate the revised Table 3 and new Table 4 aircraft.

__________________________________________________________________________

The Purchase Agreement, Exhibits and Letter Agreements shall be deemed amended to the extent herein provided and as so amended shall continue in full force and effect. In the event of any inconsistency between the above provisions and those provisions contained in the Purchase Agreement, the terms of this Supplemental Agreement will govern and control.

EXECUTED IN DUPLICATE as of the day and year first above written.

THE BOEING COMPANY
 
By:
 

   
Its Attorney-In-Fact

 

GAC INC.
 
By:
 
/S/ Henrique Constantino
 Witness   
/S/ Fernando Sporleder jr.
       
Its
Witness   

 

TABLE OF CONTENTS

        SA 
ARTICLES        NUMBER 
     
           1.     Quantity, Model and Description     
           2.     Delivery Schedule     
           3.     Price     
           4.     Payment     
           5.     Miscellaneous     
 
TABLE         
     
             1.     Aircraft Information Table 1 (Block 1 aircraft)   SA-5 
             2.     Aircraft Information Table 2 (Block 2 aircraft)    SA-10 
             3.     Aircraft Information Table 3 (Block 3 aircraft)    SA-10 
             4.     Aircraft Information Table 4 (Block 4 aircraft)    SA-10 
 
EXHIBIT         
     
             A.     Aircraft Configuration    SA-5 
             A2.     Aircraft Configuration    SA-I0
             B.    Aircraft Delivery Requirements and Responsibilities     
 
 
SUPPLEMENTAL EXHIBITS     
     
             AE1.    Escalation Adjustment/Airframe and Optional Features    SA-5 
             BFE1.   BFE Variables    SA-I0
             CS1.    Customer Support Variables     
             EE1.    Engine Escalation/Engine Warranty and Patent Indemnity     
             SLP1.   Service Life Policy Components     

 


        SUPPLEMENTAL
LETTER AGREEMENTS         AGREEMENT
        NUMBER 
         
             2910-01    Customer Software     
             2910-02    Spares – Flight Crew Training Spare Parts Support     
             2910-03    Spares – Initial Provisioning     
         
           6-1162-DME-0706    Purchase Right Aircraft    SA-10 
           6-1162 -DME-0707R1    Advance Payment Matters    SA-10 
           6-1162-DME-0708    Technical Matters     
           6-1162-DME-0710    Performance Guarantees     
           6-1162-DME-0711    Promotional Support     
           6-1162-DME-0712    Special Matters    SA-5 
           6-1162-DME-0713    Tailored Weight Program     
           6-1162-DME-0714    Demonstration Flight Waiver     
           6-1162-DME-0824R1    Special Matters    SA-10 
           6-1162-DME-0825    Market Risk - Escalation    SA-10 
           6-1162-DME-0841    Certain 2006 Aircraft Deliveries - Advance Payment Matters    SA-7 
           6-1162-DME-0867    Short-Term Payment Deferral - Signing of SA-7    SA-7 

RECORD OF SUPPLEMENTAL AGREEMENTS

SA-1   16  July  2004 
SA-2   20  January  2005 
SA-3   07  March  2005 
SA-4   24  March  2005 
SA-5   25  July  2005 
SA-6   26  August  2005 
SA-7   18  November  2005 
SA-8   17  February  2006 
SA-9   13  March  2006 
SA-10   19 October  2006 

 

     Supplemental Agreement No. SA-10
Table 2 to Purchase Agreement No. 2910
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:    737-800    155.500    Detail Specification:    0019A001 -G (4/30/2004)
Engine Model/Thrust:   CFM56 -7B27/B1       Airframe Price Base Year/Escalation Formula:                       Ju1/04    ECI-MFG/CPI 
            Engine Price Base Year/Escalation Formula:                       N/A    N/A 
Airframe Price:        $58.854.000            
Optional Features:        $613.400            
           
Sub-Total of Airframe and Features:   $59.467.400   Airframe Escalation Data:         
         
Engine Price (Per Aircraft):        $0    Base Year Index (ECI):        166,1 
Aircraft Basic Price (Excluding BFE/SPE):    $59.467.400    Base Year Index (CPI):        184,1 
         
 
Buyer Furnished Equipment (BFE) Estimate:    $1.294.000             
Seller Purchased Equipment (SPE) Estimate:    $0             
 
Refundable Deposit/Aircraft at Proposal Accept:    $90.000             

 

Delivery
Date 		 Number of
Aircraft		 Escalation
Factor
(Airframe)		     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%
jul-2008  1 1,1398      $67.781.000 $587.810 $2711.240 $3.389.050  $20.334.300
nov-2008  1 1,1511     $68.453.000  $594.530 $2.738.120 $3.422.650  $20.535.900
abr-2009  1 1,1653     $69.297.000  $602.970 $2.771.880 $3.464.850  $20.789.100
mai-2009  1 1,1682     $69.470.000  $604.700 $2.778.800 $3.473.500  $20.841.000
jul-2009 1 1,1738     $69.803.000 $608.030 $2.792.120 $3.490.150  $20.940.900
ago-2009 1 1,1765     $69.963.000 $609.630 $2.798.520 $3.498.150  $20.988.900
out-2009 1 1,182     $70.290.000 $612.900 $2.811.600 $3.514.500  $21.087.000
dez-2009 1 1,1878     $70.635.000 $616.350 $2.825.400 $3.531.750  $21.190.500
mai-2010 1 1,2032     $71.551.000 $625.510 $2.862.040 $3.577.550  $21.465.300
jun-2010 1 1,2061     $71.724.000 $627.240 $2.868.960 $3.586.200  $21.517.200
jul-2010  1 1,2088     $71.884.000 $628.840 $2.875.360 $3.594.200  $21.565.200
ago-2010 1 1,2117     $72.057.000 $630.570 $2.882.280 $3.602.850  $21.617.100
set-2010 1 1,2145     $72.223.000  $632.230 $2.888.920 $3.611.150  $21.666.900

 

Boeing Proprietary

     Supplemental Agreement No. SA-10
Table 2 to Purchase Agreement No. 2910
Aircraft Delivery, Description, Price and Advance Payments

Delivery
Date 		 Number of
Aircraft		 Escalation
Factor
(Airframe)		     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%
out-2010  2   1,2178      $72.419.000  $634,190  $2,896.760  $3.620.950  $21.725.700 
nov-2010  1   1,2207      $72.592.000  $635.920  $2.903.680  $3.629.600  $21.777.600 
dez-2010  1  1,224      $72.788.000  $637.880  $2.911.520  $3.639.400  $21.836.400 
fev-2011  1   1,2306      $73.181.000  $641.810  $2.927.240  $3.659.050  $21.954.300 
abr-2011  1   1,2375      $73.591,000  $645.910  $2.943.640  $3.679.550  $22.077.300 
mai-2011  1   1,2404      $73.763.000  $647.630  $2.950.520  $3.688.150  $22.128.900 
jun-2011  1   1,2435      $73.948.000  $649.480  $2.957.920  $3.697.400  $22.184.400 
ago-2011  2   1,2497      $74.316.000  $653,160  $2.972.640  $3.715.800  $22.294.800 
set-2011  1   1,2527      $74.495.000  $654.950  $2.979.800  $3.724,750  $22348.500 
out-2011  1   1,2555      $74.661.000  $656.610  $2 986.440  $3.733.050  $22,398.300 
nov-2011  1   1,2586      $74.846.000  $658.460  $2.993.840  $3.742.300  $22.453.800 
abr-2012  1   1 276      $75.880.000  $668.800  $3.035.200  $3.794.000  $22.764.000 
mai-2012  1   1,2793      $76.077.000  $670,770  $3.043.080  $3.803.850  $22.823.100 
jun-2012  1   1,2826      $76.273.000  $672.730  $3.050.920  $3.813,650  $22.881.900 
jun-2012  1   1,2859      $76.469.000  $674,690  $3.058.760  $3.823.450  $22.940.700 
Total:  30   

 


Boeing Proprietary

     Supplemental Agreement No. SA-10
Table 3 to Purchase Agreement No. 2910
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:    737-800    155.500    Detail Specification:    DO I 9A001GOT38P (6/21/2006)
Engine Model/Thrust:    CFM56-71327/B1        Airframe Price Base Year/Escalation Formula:    jul/06    ECI-MFG/CPI 
            Engine Price Base Year/Escalation Formula:                       N/A    N/A 
Airframe Price:        $64.491.000             
Optional Features:        $672.500             
           
Sub-Total of Airframe and Features:    $65163.500    Airframe Escalation Data:         
         
Engine Price (Per Aircraft):        $0    Base Year Index (ECI):        180,3 
Aircraft Basic Price (Excluding BFE/SPE):    $65.163.500    Base Year Index (CPI):        195,4 
         
 
Buyer Furnished Equipment (BFE) Estimate:    $1.418.000             
Seller Purchased Equipment (SPE) Estimate:    $0             
 
Refundable Deposit/Aircraft at Proposal Accept:    $100.000             

Delivery
Date 		 Number of
Aircraft		 Escalation
Factor
(Airframe)		     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%
set-2008  1  1,06      $69.073.000  $590.730  $2,762.920  $3.453.650  $20.721.900 
nov-2008  1  1,064      $69.334.000  $593.340  $2.773.360  $3.466.700  $20.800.200 
fev-2009  2  1,0734      $69.947.000  $599.470  $2.797.880  $3.497.350  $20.984.100 
mar-2009  1  1,0758      $70.103.000  $601,030  $2.804.120  $3.505.150  $21.030.900 
set-2009  1  1,0896      $71.002.000  $610.020  $2.840.080  $3.550.100  $21.300.600 
dez-2009  1  1,0971      $71.491.000  $614.910  $2.859.640  $3.574.550  $21.447.300 
Total:  7   


Boeing Proprietary

     Supplemental Agreement No. SA-10
Table 4 to Purchase Agreement No. 2910
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:    737-800    155.500    Detail Specification:    D019A001GOT38P (6/21/2006)
Engine Model/Thrust:    CFM56-7B27/B1        Airframe Price Base Year/Escalation Formula:    jul/06    ECI-MFG/CPI 
            Engine Price Base Year/Escalation Formula:                       N/A    N/A 
Airframe Price:        $64.491.000             
Optional Features:        $672.500             
           
Sub-Total of Airframe and Features:    $65.163.500    Airframe Escalation Data:         
         
Engine Price (Per Aircraft):        $0    Base Year Index (ECI):        180,3 
Aircraft Basic Price (Excluding BFE/SPE):    $65,163.500    Base Year Index (CPI):        195,4 
         
 
Buyer Furnished Equipment (BFE) Estimate:    $1.418,000             
Seller Purchased Equipment (SPE) Estimate:    $0             
 
Refundable Deposit/Aircraft at Proposal Accept:    $100.000             


Delivery
Date 		 Number of
Aircraft		 Escalation
Factor
(Airframe)		     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%
jul-2009  1  1,0845      570.670.000  $606.700  $2.826.800  $3,533.500  $21.201.000 
set-2009  1 1,0896      $71.002.000  $610.020  $2.840.080  $3.550.100  $21.300.600 
out-2009  1  1,0918      $71.146.000  $611.460  $2.845.840 $3.557.300  $21.343.800 
nov-2009  1  1,0939      $71.282.000  5612.820  $2.851.280 $3.564.100  $21.384.600 
dez-2009  1  1,0971      $71.491.000  $614.910  $2.859.640 $3.574.550  $21.447.300 
jan-2010  1  1,1004      $71.706.000  $617.060  $2.868.240 $3.585.300  $21.511.800 
mai-2010  2  1,111      $72.397.000  $623.970  $2.895.880 $3.619.850  $21.719.100 
jun-2010  2  1,1136      $72.566.000  $625.660  $2.902.640 $3.628.300  $21.769.800 
jun-2010  2  1,1158      $72.709.000  $627.090  $2.908.360 $3.635.450  $21.812.700 
abr-2011  1  1,1404      $74.312.000  $643.120  $2.972.480 $3.715.600  $22.293.600 
jun-2011  1  1,1456      $74.651.000  $646.510  $2.986.040 $3.732.550  $22.395.300 
out-2011  1  1,1556      $75.303.000  $653.030  $3.012.120  $3,765.150  $22.590.960
fev-2012  1  1,168      $76.111.000  $661.110  $3.044.440  $3.805.550  $22.833.300


Boeing Proprietary


     Supplemental Agreement No. SA-10
Table 4 to Purchase Agreement No. 2910
Aircraft Delivery, Description, Price and Advance Payments

Delivery
Date 		 Number of
Aircraft		 Escalation
Factor
(Airframe)		     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%
mar-2012  1 1,1707      $76.287.000  $662.870  $3.051.480  $1814.350  $22.886.100 
abr-2012  1 1,1739      $76.495.000  $664.950  $3.059.800  $3.824.750  $22.948.500 
mai-2012  1 1,1766      $76.671.000  $666.710  $3.066.840  $3.833,550  $23.001.300 
jun-2012  1 1,1792      $76.841.000  $668.410  $3.073.640  $3,842.050  $23.052.300 
Total:  20   

 

Boeing Proprietary

     AIRCRAFT CONFIGURATION

Dated: 17 May 2004

relating to

BOEING MODEL 737-8EH AIRCRAFT

     The Detail Specification is D019A001GOT38P-1, dated 21 June 2006. Such Detail Specification will be comprised of Boeing Configuration Specification D019A001-G, dated 30 April 2004 as amended to incorporate the Options listed below, including the effects on Manufacturer's Empty Weight (MEW) and Operating Empty Weight (OEW). Such Options are set forth in Boeing Document D019ACR1GOT38P-1. As soon as practicable, Boeing will furnish to Buyer copies of the Detail Specification, which copies will reflect such Options. The Aircraft Basic Price reflects and includes all effects of such Options, except such Aircraft Basic Price does not include the price effects of any Buyer Furnished Equipment or Seller Purchased Equipment.

AIRCRAFT CONFIGURATION

between

THE BOEING COMPANY

and

GAC INC.

Exhibit A2 to Purchase Agreement Number 2910

BOEING PROPRIETARY

 
        2006 $ 
        Price 
CR    Exhibit A2 to Purchase Agreement No. 2910    Per A/C 
 
0110-000029   MINOR MODEL 737-800 PASSENGER AIRPLANE   IB
 
0110-000030   MAJOR MODEL 737 AIRPLANE   IB
 
0170A213B33   FLIGTH DECK - 2 OBSERVERS   $33.900
 
0170A244C58   AERVICING FEATURES - BASIC   -$3.200
 
0170A425A75   AVIONICS - SINGLE FMC WITH MULTI-CONTROL DISPLAY UNIT   $61.300  
 
0170A541A17    AIRFRAME - 737-800   IB  
 
0170A541A20   CERTIFICATION - FAA   IB
 
0170A935A26    COMMUNICATIONS - BASIC COMMUNICATIONS CONFIGURATION WITH HF   $163.300 
 
0170B401B73    CLIMATE - NORMAL WEATHER OPERATIONS   -$3.200
 
0170B873A78   FORWARD COMPLEX - MINIMUM GALEY CAPACITY   $265.000
 
0170B873A82   AFT COMPLEX- TWO LAVATORIES WITH TWO DOUBLE ATTENDANT SEATS   $417.200  
 
0170C204A96    CARGO LINERS - HEAVY DUTY - FORWARD   -$3.200 
 
0170C204A99  

CARGO LINERS - HEAVY DUTY - AFT

  -$3.200
 
0220C028D98   TYPE CERTIFICATION & EXPORT CERTIFICATIE OF AIRWORTHINESS FOR AIRPLANE DELIVERY - REQUIREMENT - 737-800 - GOT   NC 
 
0222C472A10   SHORT FIELD PERFORMANCE ENHANCEMENT WITH TWO POSITION TAIL SKID   $286.400 
 
0224-00036     EXTENDER RANGE TWIN ENGINE OPERATIONS (ETOPS)   $6.800
 
0228A229A17   BRAZILIAN CTA SUPPLEMENT TO THE FAA APROVED AIRPLANE FLIGHT MANUAL   NC 
 
0252A541A03    METRIC UNITS FOR FLIGHT AND OPERATIONS MANUALS, CDS INDICATIONS, AND FMCS PARAMETERS   NC 
 
0315B393A35   CERTIFIED OPERATIONAL AND STRUCTURAL DESIGN WEIGHTS 737 - 800   NC
 
0360C028D96   MISCELLANEOUS WEIGHT COLLECTOR - GOT 737-800   NC 
 
1110B637K75   EXTERIOR COLOR SCHEME AND MARKINGS - GOT - 737-800   NC 
 
1130A079K40    LOWER LOBE CARGO COMPARTEMENT LOADING PLACARDS - KILOGRAMS PER SQUARE METER - BILINGUAL (PORTUGUESE/ENGLISH)   NC 
 
1130B637K93    INTERIOR PASSENGER COMPARTMENT PLACARDS AND MARKINGS (PORTUGUESE/ENGLISH)   NC
 
2130-000010   600 FPM CABIN PRESSURE ASCENT RATE   NC 
 
2130-000012   350 FPM CABIN PRESSURE DESCENT RATE   NC 
 
2160-000024   CABIN TEMPERATURE INDICATION - DEGREES CELSIUS   NC 
 
2170-000021   OZONE CONTROL - SPACE PROVISIONS FOR CATALYTIC CONVERTERS   NC
 
2210-000003   AUTOFLIGHT - INHIBIT GLIDE SLOPE CAPTURE PRIOR TO LOCALIZER CAPTURE   NC
 
2210-000121   AUTOFLIGHT - ACTIVATION OF CONTROLWHEEL STEERING REVERSION IN APPROACH MODE   NC
 
2210-000123   AUTOFLIGHT - FLIGHT DIRECTOR TAKEOFF MODE WINGS LEVEL   NC
 
2210-000128   AUTOFLIGHT - CONTROL WHEEL STEERING WARNING   NC
 
2210-000130   AUTOFLIGHT - AIRSPEED DEVIATION WARNING   NC
 
2210-000142   AUTOFLIGHT - ALTITUDE ALERT - 300/900 FEET   NC
 
2230-000137   AUTOTHROTTLE - FMCS - TAKEOFF PROFILE THRUST REDUCTION ALTITUDE   NC
 
2310B401A33   COMMUNICATIONS CONTROL PANELS - TRIPLE GABLES RADIO TUNING PANELS CAPABLE OF TWO HF SYSTEMS AND THREE VHF SYSTEMS (8.33 KHZ CAPABLE) - P/N G7404-124 - BFE/SPE   NC
 
2311A589A24   HF COMMUNICATIONS - EQUIPMENT INSTALLATION OF SINGLE ROCKWELL HF TRANSCEIVER - P/N 822-0330-001- AND DIGITAL HF COUPLER - P/N 822-0987-003 - BFE/SPE   NC
 
2312-000787   VHF COMMUNICATIONS - DUAL ROCKWELL ARINC 716/750 VHF-900B FM-IMMUNE TRANSCEIVERS WITH 8.33 KHZ CHANNEL SPACING - P/N 822-1047-003 - BFE/SPE   NC
 
2321-000047   SELCAL - GABLES CONTROL PANEL - P/N G7165-01   NC
 
2321B401A04   SELCAL - AVTECH FIVE CHANNEL DECODER - P/N NA138-714C BFE/SPE   NC
 
2324A218A52  

EMERGENCY LOCATOR TRANSMITTER (ELT) - ARTEX 3-FREQUENCY AUTOMATIC - FIXED, P/N 453-5004 - BFE/SPE

  $23.700
 
2331B754B15   PASSENGER ADDRESS (PA) SYSTEM - ARINC 715 - ROCKWELL COLLINS AMPLIFIER - BFE/SPE   NC
 
2331B754B17   PASSENGER ADDRESS (PA) SYSTEM - PA-IN-USE INDICATOR IN THE FLIGHT DECK - BFE/SPE   $4.900
 
2331B754B21   PRAM/BMM SYSTEM - PANASONIC - 80MB - FASTEN SEAT BELT/DECOMPRESSION DISCRETES ACTIVATED - BFE/SPE   NC
 
2350C174A16   AUDIO CONTROL PANEL INSTALLATION - 3VHF/2HF - AVTECH CORPORATION   NC
 
2351-000034   HAND HELD MICROPHONE - CAPTAIN AND FIRST OFFICER - ELECTROVOICE - P/N 903-1341 - BFE/SPE   NC
 
2351-000036   HAND HELD MICROPHONE - FIRST OBSERVER - ELECTROVOICE - P/N 903-1341 - BFE/SPE   NC
 
2351-000042   CONTROL WHEEL PUSH TO TALK (PTT) SWITCH - STANDARD THREE POSITION   NC
 
2351A213B77   BOOM MICROPHONE HEADSETS - CAPTAIN AND FIRST OFFICER - TELEX AIRMAN 750 - P/N 64300-200 - BFE/SPE   NC
 
2351A213B80   HEADPHONE - FIRST OBSERVER - TELEX - P/N 64400-200 - BFE/SPE   NC
 
2351A213B81   HEADPHONE - SECOND OBSERVER - TELEX - P/N 64400-200 - BFE/SPE   NC
 
2371-000009   NO MONITOR JACK IN THE WHEEL WELL   NC
 

BOEING PROPRIETARY

BOEING PROPRIETARY

 
        2006 $ 
        Price 
CR    Exhibit A2 to Purchase Agreement No. 2910    Per A/C 
 
2371-000053    SOLID STATE VOICE RECORDER ED56A AND SOLID STATE MICROPHONE/MONITOR ED56A - ALLIEDSIGNAL- 2 HOUR RECORDING TIME - P/N 980-6022-001 & P/N 980-6116-   001    NC 
 
2433-000008    STANDBY BUS - CONNECTION OF AIR TRAFFIC CONTROL (ATC) NO. I    NC 
 
2433-000042    STANDBY POWER - 30-MINUTE CAPABILITY - SINGLE 48 AMP HOUR BATTERY    $48.100 
 
2433-000093    STANDBY BUS - LOADS ADDITION - FMCS, CDS & DME    NC 
 
2513-000433   
CUPHOLDER - INSTALLATION - FIRST OFFICERS SIDEWALL WITHOUT PRINTER OR  AUDIO SELECTOR PANEL 
   NC 
 
2520B637K80   
INTERIOR COLOR AND MATERIAL - STANDARD OFFERING - GOL 
   NC 
 
2523B637L08   
PASSENGER SERVICE UNITS - 177 PAX 
   $198.200 
 
2524B637K92   
FORWARD RIGHT HAND FULL HEIGHT WINDSCREEN/STOWAGE UNIT SELECTABLES 
   $500 
 
2524B637L09   
FORWARD LEFT HAND FULL HEIGHT WINDSCREEN WITH STOWAGE UNIT 
   $27.900 
 
2525B637L10   
ECONOMY CLASS SEATS - 737-800 - 177 PAX 
   NC 
 
2527C006A05   
FLOOR COVERING - CARPET, SERGED EDGES 
   NC 
 
2528B637K98   
OVERHEAD STOWAGE BINS 
   $1.400 
 
252813637E11   

LITERATURE POCKETS 

   $4.100 
 
2530B637L04   
GALLEY PART NUMBERS - BFE 
   NC 
 
'2530B637L05   
GALLEY INSERT PART NUMBERS - G1 AND G4B GALLEY - BFE 
   NC 
 
2540B637L00   
LA LAVATORY SELECTABLES 
   $2.000 
 
2540B637L01   
LD LAVATORY SELECTABLES 
   NC 
 
2540B637L02   
LE LAVATORY SELECTABLES 
   NC 
 
2560-000178   
PROTECTIVE BREATHING EQUIPMENT - FLIGHT DECK - SCOTT AVIATION - P/N 802300- 14 - BFE/SPE 
   $600 
 
2560-000269   
CREW LIFE VEST STOWAGE - FLIGHT DECK, SECOND OBSERVER - CAPTAIN'S SEAT BACK 
   NC 
 
25608329B14   
CREW LIFE VESTS - FLIGHT DECK, WITH SECOND OBSERVER - AIR CRUISERS - P/N [63600-501 - BFE/SPE 
   NC 
 
2562B637L15   
OVERWATER EMERGENCY EQUIPMENT - GOT - 177 PAX 
   NC 
 
2564B637L18   
DETACHABLE EMERGENCY EQUIPMENT - PASSENGER COMPARTMENT 
   $17.900 
 
2622-000047   
APU FIRE EXTINGUISHER BOTTLE - COMMON WITH ENGINES 
   NC 
 
2841-000004   
STANDARD FUEL SYSTEM ACCURACY - NO FUEL DENSITOMETERS 
   NC 
 
2844-000004   
FUEL MEASURING STICKS IN LINEAR UNITS WITH CONVERSION TABLES IN KILOGRAMS 
   NC 
 
2911-000041   
ENGINE-DRIVEN HYDRAULIC PUMPS WITH VESPEL SPLINE - ABEX (10-62167)
   NC 
 
2911-000043   
AC MOTOR-DRIVEN HYDRAULIC PUMPS - ABEX (10-60556)
   NC 
 
3041-000003   
NO HEATED FLIGHT COMPARTMENT NUMBER 3 WINDOW 
   NC 
 
3131-000143   
ACCELEROMETER - Honeywell P/N 971-4193-001 - BFE/SPE 
   NC 
 
3131-000187   
DIGITAL FLIGHT DATA RECORDER - ALLIEDSIGNAL - 256 WORDS PER SECOND MAXIMUM DATA RATE - P/N 980-4700-042 BFE/SPE 
   NC 
 
3131A218A64   
DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) WITH ACMS CAPABILITY AND INTEGRATED PCMCIA MEDIA INTERFACE - SFIM - P/N ED47B 109 -BFE/SPE 
   NC 
 
3132C174A01   
AIRBORNE DATA LOADER/RECORDER - ARINC 615 - HONEYWELL - 964-0401-017 - .BFE/SPE 
   NC 
 
3162-000006   
CDS DISPLAY - EFIS/MAP DISPLAY FORMAT - SIDE BY SIDE ENGINE PRESENTATION 
   NC 
 
3162-000022   
FLIGHT DIRECTOR COMMAND DISPLAY - SPLIT AXIS - ADI 
   NC 
 
3162-000028   
'RADIO ALTITUDE - BELOW ADI 
   NC 
 
3162-000030   
RISING RUNWAY - DISPLAYED ON THE ADI 
   NC 
 
3162-000032   
RADIO ALTITUDE HEIGHT ALERT DISPLAY - 1000 FEET - ADI 
   NC 
 
3162-000042   
TCAS RESOLUTION ADVISORY - ADI 
   NC 
 
3162-000044   
TCAS RESOLUTION ADVISORY - VSI 
   NC 
 
3162-000046   
SINGLE CHANNEL AUTOPILOT ANNUNCIATION - ABOVE ADI 
   NC 
 
3162-000047   
LOCALIZER BACKCOURSE POLARITY - REVERSAL - ADI 
   NC 
 
3162-000050   
ILS FAILURE FLAGS - DISPLAYED FOR NCD 
   NC 
 
3162-000051   
ILS LOCALIZER DEVIATION EXPANDED SCALE - AUTOPILOT OR FLIGHT DIRECTOR MODE 
   NC 
 
3162-000059   
MAP MODE ORIENTATION - TRACK UP - NAVIGATION DISPLAY 
   NC 
 
3162-000064   
RANGE ARCS - NAVIGATION DISPLAY 
   NC 
 
3162-000079   
MANUALLY TUNED VOR SELECTED COURSE LINES DISPLAYED -NAVIGATION DISPLAY 
   NC 
 
3162-000081   
ADF POINTER(S) -NAVIGATION DISPLAY 
   NC 
 
3162-000084   
TCAS 3 NM RANGE RING - NAVIGATION DISPLAY 
   NC 
 
3162-000085   
FMC AND ADIRU POSITION DIFFERENCE - DIFFERENCE EXCEEDANCE DISPLAYED 
   NC 
 
3162-000288   
APPROACH MINIMUMS - RADIO AND BARO BASED 
   NC 
 
3244-000008   
SERVICE INTERPHONE CONNECTOR - EXTERNAL POWER PANEL 
   NC
 
3245-000048   
BRAKES - STEEL - HIGH CAPACITY - ALLIEDSIGNAL 
   NC
 
3245-000093   
WHEELS AND TIRES - MAIN LANDING GEAR - HIGH GROSS WEIGHT WHEELS - ALLIEDSIGNAL - INSTALLATION WITH SFE 28 PR, 225 MPH TIRES 
   NC
 

BOEING PROPRIETARY

BOEING PROPRIETARY

 
        2006 $ 
        Price 
                       CR    Exhibit A2 to Purchase Agreement No. 2910    Per A/C 
 
3245-000097   
WHEELS AND TIRES - NOSE LANDING GEAR - WHEELS - ALLIEDSIGNAL - INSTALLATION WITH SFE 12 PR, 225 MPH RADIAL TIRES 
   NC 
 
3321-000001   
PASSENGER CABIN LIGHTING - SINGLE-ZONE CONTROL 
   NC 
 
3324-000017   
NO SMOKING SIGN - PERMANENT ILLUMINATION 
   NC 
 
3342-000035   
NOSE GEAR TAXI LIGHT - 250-WATT 
   NC 
 
3350A704A19   
EMERGENCY ESCAPE PATH LIGHTING - FLOOR MOUNTED - PHOTOLUMINESCENT 
   $20.800 
 
3412-000022   
DUAL ELEMENT NON-ASPIRATED TAT PROBE 
   NC 
 
3414-000035   
STANDBY ALTIMETER/AIRSPEED INDICATOR - FLIGHT DECK 
   NC 
 
3423-000023   
STANDBY ATTITUDE INDICATOR - SEXTANT AVIONIQUE - SFE 
   NC 
 
3430-000112   
ILS/GPS MULTI-MODE RECEWER(MMR) - ALLIEDSIGNAL - P/N 066-50029-1101 - 
   NC 
 
3431A065B03   
VHF NAV/DME CONTROL PANEL - GABLES ENGINEERING - P/N G7500-03 - BFE/SPE 
   NC 
 
3433A732A13   
RADIO ALTIMETER (RA) - CAT BIB CAPABLE - HONEYWELL INTERNATIONAL INC - P/N 066-50007-0111 - BFE/SPE 
   NC 
 
3443A065B13   
SINGLE WEATHER RADAR SYSTEM - WITH PREDICTIVE WINDSHEAR AND MULTISCAN CAPABILITY - ROCKWELL COLLINS TRANSCEIVER P/N 822-1710-001 - BFE/SPE 
   NC 
 
3443B691B64   
SINGLE WXR-2 /00 MULTISCAN WEATHER RADAR SYSTEM CONTROL PANEL - ROCKWELL COLLINS P/N 622-5129-802 - BFE 
   $13.500 
 
3445B866A10   
TCAS SYSTEM - HONEYWELL INTERNATIONAL INC TCAS COMPUTER P/N 940-0300-001 - 
   NC 
 
3446-000045   
STANDARD VOLUME FOR ALTITUDE CALLOUTS 
   NC 
 
3446-000085   
GROUND PROXIMITY WARNING SYSTEM ALTITUDE CALLOUTS - 2500, 1000, 500, 400, 300, 200, 100, 50, 40, 30, 20, 10, APPROACHING MINIMUMS, MIN] MUMS 
   NC 
 
3451-000023   
VOR/MARKER BEACON - ALLIEDSIGNAL RECEIVER P/N 066-50012-0101 - BFE/SPE 
   NC 
 
3453B866A17   
ATC SYS __ I EM - HONEYWELL INTERNATIONAL INC ATC TRANSPONDER P/N 066-01127- 1602 - ELS/EHS/ES AND TCAS CHANGE 7 COMPLIANT - HONEYWELL INTERNATIONAL INC CONTROL PANEL P/N 071-01503-2601 - BFE/SPE 
   NC 
 
3455-000020   
DISTANCE MEASURING EQUIPMENT (DME) - ALLIEDSIGNAL INTERROGATOR P/N 066- 50013-0101 - BFE/SPE 
   NC 
 
3457A065A61   
AUTOMATIC DIRECTION FINDER - SINGLE SYSTEM 
   NC 
 
3457A065A62   
AUTOMATIC DIRECTION FINDER (ADF) - SINGLE SYSTEM - ALLIEDSIGNAL DFA-75B - ADF RECEIVER P/N 066-50014-0101; ADF ANTENNA P/N 2041683-7507 - BFE/SPE
   NC 
 
3457A065A65   
SINGLE ADF CONTROL PANEL - GABLES - G7402-05 - WITH TONE SWITCH - BFE/SPE 
   NC 
 
3461A425A10   
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - NAVIGATION DATABASE - CUSTOMER SUPPLIED 
   NC 
 
3511-000011   
NO REMOTE CREW OXYGEN FILL STATION 
   NC 
 
3511B873B95   
CREW OXYGEN MASKS - FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES - CAPTAIN AND FIRST OFFICER - EROS - BFE/SPE 
   $7.500 
 
3511B899B49   
CREW OXYGEN MASKS - AUTOMATIC PRESSURE BREATHING TYPE WITH SEPARATE SMOKE GOGGLES - FIRST OBSERVER - EROS - BFE/SPE 
   NC 
 
3511B899B50   
CREW OXYGEN MASKS - AUTOMATIC PRESSURE BREATHING TYPE WITH SEPARATE SMOKE GOGGLES - SECOND OBSERVER - EROS/SCOTT AVIATION - BFE/SPE 
   NC 
 
3520-000254   
CHEMICAL OXYGEN GENERATORS - PASSENGER OXYGEN SYSTEM - 22 MINUTES CAPABILITY 
   $37.200 
 
3811-000019   
POTABLE WATER - SERVICEABLE TO 60 GALLONS 
   $2.000 
 
3832-000032   
VACUUM WASTE SYSTEM - MONOGRAM TOILET ASSEMBLIES 
   NC 
 
39100O28D97   
AFT ELECTRONICS PANEL ARRANGEMENT - GOT 
   NC 
 
5200-000036   
HOLD-OPEN LOCK (DOWN-TO-RELEASE) - ENTRY AND SERVICE DOORS 
   NC 
 
5231A561054   
CARGO DOOR - SOLID SKIN 
   NC 
 
5300-000027   
UNDERSEAT FLOOR PANELS, LOW TRAFFIC CAPABILITY 
   NC 
 
5352A298A27   
RADOME- HONEYCOMB CORE - SFE 
      NC 
 
7200-000224   
SINGLE ANNULAR COMBUSTOR - CFM56-7 ENGINES 
   NC 
 
7200A251A03   
CFM56-7 ENGINES - 7B27/B1 FULL RATING 
   SIDE LTR 
 
7900-000116   
LUBRICATING OIL - MOBIL JET II 
   NC 
 
MISC   
INTERIOR ALLOWANCE 
   -$958.900 
 
 
OPTIONS: 144        TOTALS: $672.500
 

BOEING PROPRIETARY

BUYER FURNISHED EQUIPMENT VARIABLES

between

THE BOEING COMPANY

and

GAC INC.

 

Supplemental Exhibit BFE 1 to Purchase Agreement Number 2910

 

 

 

 

 

BOEING PROPRIETARY

BOEING PROPRIETARY

BUYER FURNISHED EQUIPMENT VARIABLES

relatingto

BOEING MODEL 737-8EH AIRCRAFT

 

This Supplemental Exhibit BFE 1 contains vendor selection dates, on-dock dates and other variables applicable to the Aircraft.

1. Supplier Selection.

    Customer will:

    1.1 Select and notify Boeing of the suppliers and part numbers of the following BFE items by the following dates:

Galley System    Complete 9005 
     
Galley Inserts    Complete. 9005 
     
Seats (passenger)   Complete 2005 
     
Cabin Systems Equipment    Complete 2005 
     
Miscellaneous Emergency Equipment    Complete /005 
     
Cargo Handling Systems    ****NT/A**** 
     

BOEING PROPRIETARY

BOEING PROPRIETARY

2. On-dock Dates

On or before March 2005, Boeing will provide to Customer a BFE Requirements On-Dock/Inventory Document (BFE Document) or an electronically transmitted BFE Report which may be periodically revised, setting forth the items, quantities, on-dock dates and shipping instructions relating to the in-sequence installation of BFE. For planning purposes, a preliminary BFE on-dock schedule is set forth below:

Item    Preliminary On-Dock Dates 
     
    June 2006 
    (Early roll-out to support flight test, r/o 11/7/05)
    Aircraft 
     
Seats    4/19/06 
Galleys/Furnishings    10/14/05 
   Miscellaneous Emergency Equipment    10/14/05 
* Emergency floor lighting will be deferred until after flight test. All other cabin lighting and emergency egress lighting will be fully operational per flight test requirements. Estimated deferred on- dock date for floor lighting, 
   2/19/06 
Electronics   8/21/05 
Textiles/Raw Material    7/11/05 
* All carpets and seat track covers will be deferred until after flight test is complete. Estimated on-dock    1/9/06 
Cargo Systems    N/A 
Provision Kits    N/A 
Radomes    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
   
    July 2006 (1)   July 2006 (2)
    Aircraft    Aircraft 
     
Seats    5/19/06    5/22/06 
Galleys/Furnishings    5/12/06    5/15/06 
Miscellaneous Emergency Equipment    5/12/06    5/15/06 
Electronics    5/12/06    5/15/06 
Textiles/Raw Material    2/8/06    2/9/06 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
   
    August 2006 (I)   August 2006 (2)
    Aircraft    Aircraft 
     
Seats    6/21/06       6/22/06 
Galleys/Furnishings    6/14/06       6/15/06 
Miscellaneous Emergency Equipment    6/14/06       6/15/06 
Electronics    4/21/06       4/21/06 
Textiles/Raw Material    3/10/06       3/13/06 
Cargo Systems    N/A       N/A 
Provision Kits    N/A       N/A 
Radomes    N/A       N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
   
    September 2006 (1)   September 2006 (2)
    Aircraft    Aircraft 
     
Seats     7/21/06    7/24/06 
Galleys/Furnishings     7/14/06    7/17/06 
Miscellaneous Emergency Equipment     7/14/06    7117/06 
Eletrônica     5/21/06    5/24/06 
Testeis/Raw Material     4/7/06    4/10/06 
Cargo Systems     N/A    N/A 
Provision Kits     N/A    N/A 
Radomes     N/A    N/A 

Item    Preliminary On-Dock Dates 
   
    October 2006 (1)   October 2006 (2)
    Aircraft    Aircraft 
     
Seats    8/23/06    8/24/06 
Galleys/Furnishings    8/16/06    8/17/06 
Miscellaneous Emergency Equipment    8/16/06    8/17/06 
Electronics    6/23/06    6/24/06 
Textiles/Raw Material    5/15/06    5/11/06 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
   
    November 2006 (1)   November 2006 (2)
    Aircraft    Aircraft 
     
Seats    9/21/06    9/22/06 
Galleys/Furnishings    9/14/06    9/15/06 
Miscellaneous Emergency Equipment    9/14/06    9/15/06 
Electronics    7/21/06    7/21/06 
Textiles/Raw Material    6/8/06    6/9/06 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
   
    March 2007    April 2007 
    Aircraft    Aircraft 
     
Seats    1/23/07    2/20/07 
Galleys/Furnishings    1/16/07    2/13/07 
Miscellaneous Emergency Equipment    1/16/07    2/13/07 
Electronics    11/23/06    1/16/07 
Textiles/Raw Material    9/21/06    10/30/06 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    July 2007 (I)   July 2007 (2)
    Aircraft     Aircraft 
     
Seats    5/22/07    5/23/07 
Galleys/Furnishings    5/15/07    5/16/07 
Miscellaneous Emergency Equipment    5/15/07    5/16/07 
Electronics    3/22/07    3/23/07 
Textiles/Raw Material    2/8/07    2/9/07 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    August 2007    September 2007 
    Aircraft    Aircraft 
     
Seats    6/21/07    7/21/07 
Galleys/Furnishings    6/14/07    7/14/07 
Miscellaneous Emergency Equipment    6/14/07    7/14/07 
Electronics    4/20/07    5/21/07 
Textiles/Raw Material    3/12/07    4/9/07 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item     Preliminary On-Dock Dates 
 
    October 2007 (1)   October 2007 (2)
    Aircraft    Aircraft 
     
Seats    8/23/07    8/24/07 
Galleys/Furnishings    8/16/07    8/17/07 
Miscellaneous Emergency Equipment    8/17/07    8/17/07 
Electronics    6/22/07    6/25/07 
Textiles/Raw Material    5/10/07    5/11/07 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    October 2007 (3)   November 2007 (1)
    Aircraft    Aircraft 
     
Seats    8/27/07    9/21/07 
Galleys/Furnishings    8/20/07    9/14/07 
Miscellaneous Emergency Equipment    8/20/07    9/14/07 
Electronics    6/27/07    7/21/07 
Textiles/Raw Material    5/14/07    6/8/07 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    November 2007 (2)   December 2007 (1)
    Aircraft    Aircraft 
     
Seats    9/24/07    10/23/07 
Galleys/Furnishings    9/17/07    10/16/07 
Miscellaneous Emergency Equipment    9/17/07    10/16/07 
Electronics    7/24/07    8/23/07 
Textiles/Raw Material    6/11/07    7/11/07 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    December 2007 (2)   January 2008 (1)
    Aircraft    Aircraft 
     
Seats    10/24/07    11/21/07 
Galleys/Furnishings    10/17/07    11/14/07 
Miscellaneous Emergency Equipment    10/17/07    11/14/07 
Electronics    8/24/07    9/14/07 
Textiles/Raw Material    7/12/07    8/9/07 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    January 2008 (2)   April 2008 (1)
    Aircraft    Aircraft 
     
Seats    11/22/07    2/22/08 
Galleys/Furnishings    11/15/07    2/15/08 
Miscellaneous Emergency Equipment    11/15/07    2/15/08 
Electronics    11/15/07    12/21/07 
Textiles/Raw Material    8/10/07    10/31/07 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    April 2008 (2)   July 2008 
    Aircraft    Aircraft 
     
Seats    2/25/08    5/22/08 
Galleys/Furnishings    2/18/08    5/15/08 
Miscellaneous Emergency Equipment    2/18/08    5/15/08 
Electronics    1/2/08    3/21/08 
Textiles/Raw Material    11/3/07    2/8/08 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    August 2008 (1)   August 2008 (2)
    Aircraft    Aircraft 
     
Seats    6/23/08    6/24/08 
Galleys/Furnishings    6/16/08    6/17/08 
Miscellaneous Emergency Equipment    6/16/08    6/17/08 
Electronics    4/23/08    4/24/08 
Textiles/Raw Material    3/13/08    3/14/08 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
     
    September 2008 
    Aircraft 
     
Seats    7/23/08 
Galleys/Furnishings    7/16/08 
Miscellaneous Emergency Equipment    7/16/08 
Electronics    5/23/08 
Textiles/Raw Material    4/9/08 
Cargo Systems    N/A 
Provision Kits    N/A 
    N/A 
Radomes     

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    November 2008 (1)   November 2008 (2)
    Aircraft    Aircraft 
     
Seats    9/22/08    9/23/08 
Galleys/Furnishings    9/15/08    9/16/08 
Miscellaneous Emergency Equipment    9/15/08    9/16/08 
Electronics    7/22/08    7/23/08 
Textiles/Raw Material    6/9/08    5/12/08 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    February 2009 (1)   February 2009 (2)
    Aircraft    Aircraft 
     
Seats    12/15/08    12/16/08 
Galleys/Furnishings    12/8/08    12/9/08 
Miscellaneous Emergency Equipment    12/8/08    12/9/08 
Electronics    10/15/08    10/16/08 
Textiles/Raw Material    8/29/08    9/2/08 
Cargo Systems    N/A    N/A 
Provision Kits    N/A   N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    March 2009    April 2009 
    Aircraft    Aircraft 
     
Seats    1/22/09    2/19/09 
Galleys/Furnishings    1/15/09    2/12/09 
Miscellaneous Emergency Equipment    1/15/09    2/19/09 
Electronics    11/21/08    12/19/08 
Textiles/Raw Material    9/30/08    10/28/08 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    May 2009    July 2009 (1)
    Aircraft    Aircraft 
     
Seats    3/23/09    5/21/09 
Galleys/Furnishings    3/16/09    5/14/09 
Miscellaneous Emergency Equipment    3/16/09    5/14/09 
Electronics    1/23/09    3/20/09 
Textiles/Raw Material    12/2/09    2/5/09 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    July 2009 (2)   August 2009 
    Aircraft    Aircraft 
     
Seats    5/22/09    6/24/09 
Galleys/Furnishings    5/15/09    6/17/09 
Miscellaneous Emergency Equipment    5/15/09    6/17/09 
Electronics    3/23/09    6/17/09 
Textiles/Raw Material    2/6/09    3/13/09 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item        Preliminary On-Dock Dates 
 
    September.2009 (1)   September 2009 (2)
    Aircraft    Aircraft 
     
Seats    7/23/09    7/24/09 
Galleys/Furnishings    7/16/09    7/17/09 
Miscellaneous Emergency Equipment    7/16/09    7/17/09 
Electronics    5/22/09    5/26/09 
Textiles/Raw Material    4/9/09    4/10/09 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
 
    October 2009 (1)   October 2009 (2)
    Aircraft    Aircraft 
     
Seats    8/21/09    8/24/09 
Galleys/Furnishings    8/14/09    8/17/09 
Miscellaneous Emergency Equipment    8/14/09    8/17/09 
Electronics    6/22/09    6/23/09 
Textiles/Raw Material    5/8/09    5/11/09 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    November 2009    December 2009 (1)
    Aircraft    Aircraft 
     
Seats    9/22/09    10/21/09 
Galleys/Furnishings    9/15/09    10/14/09 
Miscellaneous Emergency Equipment    9/15/09    10/14/09 
Electronics    7/22/09    8/20/09 
Textiles/Raw Material    6/9109    8/1/09 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

 Item     Preliminary On-Dock Dates 
 
    December 2009 (2)   December 2009 (3)
    Aircraft    Aircraft 
     
Seats    10/22/09    10/23/09 
Galleys/Furnishings    10/15/09    10/16/09 
Miscellaneous Emergency Equipment    10/15/09    10/16/09 
Electronics    8/21/09    8/17/09 
Textiles/Raw Material    8/6/09    8/7/09 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
 
    January 2010    May 2010 (1)
    Aircraft    Aircraft
     
Seats    11/18/09    3/23/10
Galleys/Furnishings    11/11/09    3/16/10
Miscellaneous Emergency Equipment    11/11/09    3/16/10
Electronics    9/18/09    1/22/10
Textiles/Raw Material    8/6/09    12/1/10
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
   
    May 2010 (2)   May 2010 (3)
    Aircraft    Aircraft 
       
Seats     3/24/10    3/25/10 
Galleys/Furnishings     3/17/10    3/18/10 
Miscellaneous Emergency Equipment     3/17/10    3/18/10 
Electronics     1/25/10    1/26/10 
Textiles/Raw Material     12/2/09    12/3/09 
Cargo Systems     N/A    N/A 
Provision Kits     N/A    N/A 
Radomes     N/A    N/A 

Item    Preliminary On-Dock Dates 
   
    June 2010 (1)   June 2010 (2)
    Aircraft    Aircraft 
       
Seats    4/22/10    4/23/10 
Galleys/Furnishings    4/15/10    4/16/10 
Miscellaneous Emergency Equipment    4/15/10    4/16/10 
Electronics    2/22/10    2/23/10 
Textiles/Raw Material    1/11/10    1/12/10 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
   
    June 2010 (3)   July 2010 
    Aircraft    Aircraft 
       
Seats    4/26/10    5/20/10
Galleys/Furnishings    4/19/10    5/13/10
Miscellaneous Emergency Equipment    4/19/10    5/13/10
Electronics    2/26/10    3/19/10
Textiles/Raw Material    1/13/10    2/8/10
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 
 
Item    Preliminary On-Dock Dates 
   
    July 2010 (2)   July 2010 (3)
    Aircraft    Aircraft 
       
Seats    5/21/10    5/24/10
Galleys/Furnishings    5/14/10    5/17/10
Miscellaneous Emergency Equipment    5/14/10    5/17/10
Electronics    3/22/10    3/24/10
Textiles/Raw Material    2/9/10    2/10/10
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
   
    August 2011 (1)   August 2011 (2)
    Aircraft    Aircraft 
       
Seats    6/22/11    6/23/11 
Galleys/Furnishings    6/15/11    6/16/11 
Miscellaneous Emergency Equipment    6/15/11    6/16/11 
Electronics    4/22/11    4/23/11 
Textiles/Raw Material    3/10/11    3/11/11 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
   
    September 2011    October 2011 (1)
    Aircraft    Aircraft 
       
Seats    7/21/11    8/23/11 
Galleys/Furnishings    7/14/11    8/16/11 
Miscellaneous Emergency Equipment    7/14/11    8/16/11 
Electronics    5/20/11    6/23/11 
Textiles/Raw Material    4/7/11    5/10/11 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

BOEING PROPRIETARY

Item    Preliminary On-Dock Dates 
   
    October 2011 (2)   November 2011 
    Aircraft    Aircraft 
       
Seats    8/24/11    9/22/11 
Galleys/Furnishings    8/17/11    9/15/11 
Miscellaneous Emergency Equipment    8/17/11    9/15/11 
Electronics    6/24/11    7/22/11 
Textiles/Raw Material    5/11/11    6/9/11 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

Item    Preliminary On-Dock Dates 
   
    February 2012    March 2012
    Aircraft    Aircraft 
       
Seats    12/14/11    1/23/12 
Galleys/Furnishings    12/7/11    1/16/12 
Miscellaneous Emergency Equipment    12/7/11    1/16/12 
Electronics    10/14/11    11/21/11 
Textiles/Raw Material    8/30/11    10/1/11 
Cargo Systems    N/A    N/A 
Provision Kits    N/A    N/A 
Radomes    N/A    N/A 

 

GAC Inc.
Rua Gomes de Carvalho 1629
São Paulo SP Brazil
04547-006

Subject:    Advance Payment Matters 
 
Reference:   
Purchase Agreement No. 2910 (the Purchase Agreement) between The Boeing Company (Boeing) and GAC Inc. (Customer) relating to Model  737-8EH aircraft (the Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement.

Customer and Boeing have reached agreement regarding certain modifications to the Agreement as set forth below:

1. Advance Payment Schedule:

     Notwithstanding the advance payment schedule set forth in Table 1 of the Purchase Agreement, Boeing agrees that Customer may make Advance Payments for the Aircraft, in accordance with the schedule below described, subject to the terms and conditions further described herein:

 Months Prior to    Amount Due per Aircraft 
Aircraft Delivery    (Percent times Advance Payment Base Price)
   
     
 
Defini tive Agreement    1.0% 
18    5.0% 
15    5.0% 
12    2.0% 
6    2.0% 
   
    15.0% 

2. Deferral Charges on Deferred Advance Payments:

     The foregoing advance payment schedule constitutes a deferral of certain amounts due Boeing pursuant to the advance payment schedule as set forth in Table 1 of the Purchase Agreement. Accordingly, Customer shall pay deferral charges to

Boeing on all such deferred amounts of the advance payments for the Aircraft, as described herein.

Interest will be calculated and paid on the deferred advance payments. Interest on the deferred advance payments will accrue at an annual rate equal to the 90-day LIBOR rate as published in the Wall Street Journal, U. S. Edition, and reset quarterly, calculated in arrears, plus 2.25% . This deferral charge will be calculated on a 365/366 day year.

Deferral charge payments will be due on the first business day of each calendar quarter, for the previous calendar quarter, and will be computed on the basis of the actual number of elapsed days for the period commencing on the date such deferred amounts would have been due and terminating on the date of delivery of the designated Aircraft.

Further to the above, following the calculation method stated above, all such calendar quarter deferral charge payments shall be further deferred such that all deferral charge payments for all of the designated Aircraft will be made at the time of each such designated Aircraft delivery. Any remaining unpaid deferral charge payments for such Aircraft are due and payable at the delivery of the designated Aircraft.

3.  Re-Scheduling of Aircraft:

In the event of a re-schedule, to a later delivery position, of any of the Aircraft under the terms of the Agreement, Boeing will recalculate the amount of advance payments and deferral charges due from Customer under the above described deferred Advance Payment Schedule after giving effect to such re-scheduling and, without interest, refund to Customer within 5 business days any amounts held by Boeing in excess of such recalculated amounts.

In the event of a re-schedule, except as provided for in Article 2 of the Purchase Agreement, to an earlier delivery position, of any of the Aircraft under the terms of the Agreement, Boeing will recalculate the amount of advance payments due from Customer under the above described deferred Advance Payment Schedule after giving effect to such rescheduling and Customer will make immediate payment to Boeing of any amounts due within 5 business days, without any additional interest or other charges, as a result of such recalculated amounts applicable to such accelerated delivery position.

In the event that previously paid advance payments are to be returned to Customer pursuant to the contract termination terms and conditions of the Aircraft General Terms Agreement or Purchase Agreement, any accrued but unpaid advance payment deferral charges will be removed and cancelled.

4.[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].

5.  Set-Off Rights

Customer agrees that in the event of a default of its obligations under any purchase agreement with Boeing or any agreement with any Boeing subsidiary or affiliate, Boeing may apply any or all advance payments, or other payments made by Customer with respect to an aircraft or any other Boeing product to cure, in part or in whole, any default with respect to any other aircraft or Boeing product or with respect to any other obligation under any such Boeing purchase agreement or any such agreement with another Boeing subsidiary or affiliate. In the event that Boeing sets off against, or otherwise exercises rights against any such payments made by Customer, and applies any such amounts to any obligations owed by Customer to Boeing, its subsidiaries or affiliates, Boeing will be entitled, after such application, to require Customer to replace within ten days the amount so applied such that the total amount of advance payments would be restored to the aggregate total amount of advance payments due

and owing under the Purchase Agreement as of the date of application of such amounts.

6.  Confidential Treatment:

The Parties understand that certain commercial and financial information contained in this Letter Agreement and attachments hereto are considered by Boeing as confidential. The Parties agree that it will treat this Letter Agreement and the information contained herein as confidential and, except as otherwise required by law, will not, without the prior written consent of the other party, disclose this Letter Agreement or any information contained herein to any other person or entity.

If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated above, please indicate your acceptance and approval below.

Very truly yours,

THE BOEING COMPANY
 
By:
 

   
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this
 
Date: 19 October 2006

GAC INC.
 
By:
 
/S/ Henrique Constantino
   
Its

Witness
 
/S/ Fernando Sporleder jr.
 


GAC Inc.
Rua Gomes de Carvalho 1629
Sao Paulo SP Brazil
04547-006

Subject:     Special Matters 
 
Reference:   
Purchase Agreement No. 2910 (the Purchase Agreement) between The Boeing Company (Boeing) and GAC Inc. (Customer) relating to Model 737-8EH aircraft (Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement, and reflects the mutual agreement of the parties concerning certain business considerations pertaining to the Table 1, Table 2, Table 3, and Table 4 aircraft. All below described business considerations that are subject to escalation (STE) are each limited to the terms and conditions described in Letter Agreement No. 6-1162-0825. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement.

1. Basic Credit Memorandum

The Basic Credit Memoranda associated with the purchase of the Table 1 aircraft and Table 2 aircraft will be [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] subject to escalation to the time of aircraft delivery.

The Basic Credit Memoranda associated with the purchase of the Table 3 aircraft will be [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] subject to escalation to the time of aircraft delivery.

The Basic Credit Memoranda associated with the purchase of the Table 4 aircraft, and exercised Purchase Right Aircraft, will be [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] subject to escalation to the time of aircraft delivery.

Such Basic Credit Memoranda will be issued concurrently with the delivery of each Table 1, Table 2, Table 3, and Table 4 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

2. Promotional & Communication Support

Boeing will provide Buyer promotional and communication support as a credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 1 and Table 2 aircraft, subject to escalation to the time of each aircraft delivery.

Boeing will provide Buyer promotional and communication support as a credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 3 and Table 4 aircraft, and exercised Purchase Right Aircraft, subject to escalation to the time of each aircraft delivery.

Such credit memoranda will be issued concurrently with the delivery of each of the Table 1, Table 2, Table 3, and Table 4 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

3. Customer Support - Training

Boeing will provide Buyer with a special customer support credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 1 and Table 2 aircraft, subject to escalation to the time of aircraft delivery.

Boeing will provide Buyer with a special customer support credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 3 and Table 4 aircraft, and exercised Purchase Right Aircraft, subject to escalation to the time of aircraft delivery.

Such special Customer Support-Training credit memoranda will be issued concurrently with the delivery of each Table 1, Table 2, Table 3, and Table 4 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

4. Model 737-800 Performance Improvements

In direct support of Buyer's requirements for improvements to the Model 737-800 performance in specific missions, Boeing will develop, test, certify, and provide, as solely determined by Boeing, all such reasonable performance improvements with the delivery of each aircraft, or as necessary, on a post-delivery basis through a certified modification kit. Such performance improvements will be provided in the form of a priced optional performance feature to the basic aircraft.

Boeing will provide Buyer a special model 737-800 Performance Improvement credit memoranda, to offset this priced optional performance feature, in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 1 and Table 2 aircraft, subject to escalation to the time of aircraft delivery.

Boeing will provide Buyer a special model 737-800 Performance Improvement credit memoranda, to offset this priced optional performance feature, in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 3 and Table 4 aircraft, and exercised Purchase Right Aircraft, subject to escalation to the time of aircraft delivery.

Such model 737-800 Performance Improvement credit memoranda will be issued concurrently with the delivery of each Table 1, Table 2, Table 3, and Table 4 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

5. Aircraft Market Adjustment

(a) Boeing will provide Buyer a special Market Adjustment credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 1 aircraft, subject to escalation to the time of aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each Table I aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

(b) Boeing will provide Buyer a special Market Adjustment credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 2 aircraft, subject to escalation to the time of aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each Table 2 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

(c) As a special additional incentive to Buyer to take delivery of the Table 2 aircraft, Boeing will provide a credit memoranda in the amount [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 2 aircraft, subject to escalation to the time of aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each Table 2 Aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

(d) Boeing will provide Buyer a special Market Adjustment credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 3 aircraft, subject to escalation to the time of aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each Table 3 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

(e) Boeing will provide Buyer a special Market Adjustment credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 4 aircraft, subject to escalation to the time of aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each Table 4 aircraft, and exercised Purchase Right Aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

6. Special Fleet Volume Acknowledgement

Boeing will provide Buyer with a Special Fleet volume credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 1 and Table 2 aircraft, subject to escalation to the time of aircraft delivery.

Boeing will provide Buyer with a Special Fleet volume credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 3 aircraft, and exercised Purchase Right Aircraft, subject to escalation to the time of aircraft delivery.

Boeing will provide Buyer with a Special Fleet volume credit memoranda in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 4 aircraft, and exercised Purchase Right Aircraft, subject to escalation to the time of aircraft delivery.

Such special fleet volume credit memoranda will be issued concurrently with the delivery of each of the Table 1, Table 2, Table 3, and Table 4 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

7. Special Feature - Winglets

(a) Boeing will provide Buyer a Special Feature - Winglets credit memoranda, to assist Buyer to offset this priced special feature, in the amount [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per aircraft, subject to escalation to the time of each aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each of the Table 1 aircraft and Table 2 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

 

(b) Boeing will provide Buyer a Special Feature - Winglets credit memoranda, to assist Buyer to offset this priced special feature, in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per aircraft, subject to escalation to the time of each aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each of the Table 3 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

(c) Boeing will provide Buyer a Special Feature - Winglets credit memoranda, to assist Buyer to offset this priced special feature, in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per aircraft, subject to escalation to the time of each aircraft delivery. Such credit memoranda will be issued concurrently with the delivery of each of the Table 4 aircraft, and exercised Purchase Right Aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

(d) A portion of the above item (a) and (b) credit memoranda will be exclusively available for Buyer's payment of the two (2) Boeing production special features that include (i) the aircraft provisions to accept the Buyer Furnished Equipment (BFE) winglets as well as (ii) the actual in-production installation of the winglets onto each aircraft; (i [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] and [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] respectively, [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] subject to escalation to the time of each aircraft delivery and (ii) [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] and [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 3 and Table 4 aircraft, and exercised Purchase Right Aircraft), subject to escalation to the time of each aircraft delivery. The remainder of each of these credit memoranda will then be available to Buyer as described in item (a) above.

8. Special SA-5 Advance Payment

As a Special Supplemental Agreement No. SA-5 Advance Payment incentive to Buyer, Boeing will provide a fixed value credit memorandum in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Table 2 aircraft. Such credit memoranda will be provided to Buyer exclusively as a reduction to the one percent (1.0%) advance payment due upon signing of Supplemental Agreement No. SA-5 for the Table 2 aircraft, and is not available to Buyer for any other purpose.

9. Boeing Goods & Services

A special Boeing Goods & Services Credit Memorandum will be provided to Buyer in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per Aircraft, subject to escalation to the time of Aircraft delivery.

Such special Boeing Goods & Services Credit Memorandum will be issued concurrently with the delivery of each of the Table 4 Aircraft, and may be used for the final delivery purchase payment, but not for advance payments.

Additionally, such special Boeing goods & services credit memoranda may be made available to Buyer on an advanced basis as early as 30 September 2006, exclusively for the purchase of Boeing goods and services, with a fixed total amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].

10. Special Fleet Growth Consideration

Boeing will provide Buyer a Special Fleet Growth Credit Memoranda associated with the purchase of the Table 4 aircraft in the amount of [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] subject to escalation to the time of aircraft delivery.

Such Special Fleet Growth Credit Memoranda will be issued concurrently with the delivery of each Table 4 aircraft, may not be assigned without Boeing's expressed consent, and may be used for the final delivery purchase payment, or for other Boeing goods and services, but not for advance payments.

11. Assignment

The Credit Memoranda described in this Letter Agreement are provided as a special financial accommodation to Customer in consideration of Customer's becoming the operator of the Aircraft, and cannot be assigned, in whole or in part, without the prior written consent of The Boeing Company.

12. Confidential Treatment

Customer and Boeing each understands that certain commercial and financial information contained in this Letter Agreement are considered by both Customer and Boeing as confidential. Customer and Boeing agree that each will treat this Letter Agreement and the information contained herein as confidential and, except as otherwise required by law, will not, without the prior written consent of the other party, disclose this Letter Agreement or any information contained herein to any other person or entity.

If the foregoing correctly sets forth your understanding of our agreement with respect to the matters treated above, please indicate your acceptance and approval below.

Very truly yours,

THE BOEING COMPANY
 
By:
 

   
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this
 
Date: 19 October 2006

GAC INC.
 
By:
 
/S/ Henrique Constantino
   
Its

Witness
 
/S/ Fernando Sporleder jr.
 

 


GAC Inc.
Rua Gomes de Carvaiho 1629
Sao Paulo SP Brazil
04547-006

Subject:    Market Risk - Escalation
 
Reference:   
Purchase Agreement No. 2910 (the Purchase Agreement) between The Boeing Company (Boeing) and GAC Inc. (Customer) relating to Model 737-8EH aircraft (the Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement.

In accommodation of Customer's expressed concerns regarding the financial risks associated with future price escalation, Customer and Boeing have reached further agreement regarding certain modifications to the Agreement as set forth below:

1. Financial Risk - Escalation

           [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

Letter Agreement NO. 6-1162-DME-0825
GAC Inc.

Page 2

[CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

 

2. Escalation Cap

Boieng agrees that at the time of delivery the escalation adjustment that is determinated by Supplemental Exhibit AE1 to the Purchase Agreement applicable to the Airframe and Optional Features will not exceed the escalation adjustment determinated by using the escalation cap factor set forth in Attachment A for Table 1 and Table 2 aircraft, and Attachment B for Table 3 and Table 4 aircraft, for an aircraft delivering in the corresponding month and year. For example, in the event the actual escalation adjustment determined by Supplemental Exhibit AE1 for a particular delivery month and year is less than the escalation adjustment determinated using the escalation cap factor set forth on Attachment A or Attachment B, the actual escalation adjustment will be used; in the event the actual escalation adjustment determined by Supplemental Exhibit AE1 for a particular delivery month and year is more than the adjustment determined using the escalation cap factor set forth on Attachment A or Attachm ent B, the adjustment determined using the escalation cap factor will be used.

3. Assignment

The Credit Memoranda described in this Letter Agreement are provided as a special financial accomodation to Customer in consideration of Customer's becoming the operator of the Aircraft, and cannot be assigned, in the whole or in part, without the prior written consent of the Boeing Company.

4. Confidential Treatment

Customer and Boeing each understand that certain commercial and financial information contained in this Letter Agreement and any attachment(s) hereto are considered by

 

PA2910
SA-2


BOEING PROPRIETARY

Escalation Cap Factors Calculation

  Escalation Cap =  3,00% 
  Base Year =  2004 
                                     
2004   Jan    2008   Jan    1,1092  2012   Jan    1,2485  2016   Jan    1,4052 
    Feb      Feb    1,1118      Feb    1,2515      Feb    1,4085 
    Mar      Mar    1,1146      Mar    1,2544      Mar    1,4118 
    Apr      Apr    1,1173      Apr    1,2575      Apr    1,4153 
    May      May    1,1201      May    1,2606      May    1,4188 
    Jun      Jun    1,1227      Jun    1,2636      Jun    1,4221 
    Jul    1,0000      Jul    1,1255      Jul    1,2668      Jul    1,4257 
    Aug    1,0025      Aug    1,1284      Aug    1,2701      Aug    1,4294 
    Sep    1,0050      Sep    1,1312      Sep    1,2732      Sep    1,4329 
    Oct    1,0075      Oct    1,1339      Oct    1,2762      Oct    1,4363 
    Nov    1,0100      Nov    1,1367      Nov    1,2794      Nov    1,4399 
    Dec    1,0125      Dec    1,1396      Dec    1,2827      Dec    1,4436 
2005   Jan    1,0150  2009   Jan    1,1425  2013   Jan    1,2860  2017   Jan    1,4474 
    Feb    1,0175      Feb    1,1452      Feb    1,2890      Feb    1,4508 
    Mar    1,0200      Mar    1,1480      Mar    1,2920      Mar    1,4542 
    Apr    1,0225      Apr    1,1508      Apr    1,2952      Apr    1,4578 
    May    1,0250      May    1,1537      May    1,2984      May    1,4614 
    Jun    1,0275      Jun    1,1564      Jun    1,3015      Jun    1,4648 
    Jul    1,0300      Jul    1,1593      Jul    1,3048      Jul    1,4685 
    Aug    1,0326      Aug    1,1623      Aug    1,3082      Aug    1,4723 
    Sep    1,0352      Sep    1,1651      Sep    1,3114      Sep    1,4759 
    Oct    1,0377      Oct    1,1679      Oct    1,3145      Oct    1,4794 
    Nov    1,0403      Nov    1,1708      Nov    1,3178      Nov    1,4831 
    Dec    1,0429      Dec    1,1738      Dec    1,3212      Dec    1,4869 
2006   Jan    1,0455  2010   Jan    1,1768  2014   Jan    1,3246  2018   Jan    1,4908 
    Feb    1,0480      Feb    1,1796      Feb    1,3277      Feb    1,4943 
    Mar    1,0506      Mar    1,1824      Mar    1,3308      Mar    1,4978 
    Apr    1,0532      Apr    1,1853      Apr    1,3341      Apr    1,5015 
    May    1,0558      May    1,1883      May    1,3374      May    1,5052 
    Jun    1,0583      Jun    1,1911      Jun    1,3405      Jun    1,5087 
    Jul    1,0609      Jul    1,1941      Jul    1,3439      Jul    1,5126 
    Aug    1,0636      Aug    1,1972      Aug    1,3474      Aug    1,5165 
    Sep    1,0663      Sep    1,2001      Sep    1,3507      Sep    1,5202 
    Oct    1,0688      Oct    1,2029      Oct    1,3539      Oct    1,5238 
    Nov    1,0715      Nov    1,2059      Nov    1,3573      Nov    1,5276 
    Dec    1,0742      Dec    1,2090      Dec    1,3608      Dec    1,5315 
2007   Jan    1,0769  2011   Jan    1,2121  2015   Jan    1,3643  2019   Jan    1,5355 
    Feb    1,0794      Feb    1,2150      Feb    1,3675      Feb    1,5391 
    Mar    1,0821      Mar    1,2179      Mar    1,3707      Mar    1,5427 
    Apr    1,0848      Apr    1,2209      Apr    1,3741      Apr    1,5465 
    May    1,0875      May    1,2239      May    1,3775      May    1,5504 
    Jun    1,0900      Jun    1,2268      Jun    1,3807      Jun    1,5540 
    Jul    1,0927      Jul    1,2299      Jul    1,3842      Jul    1,5580 
    Aug    1,0955      Aug    1,2331      Aug    1,3878      Aug    1,5620 
    Sep    1,0983      Sep    1,2361      Sep    1,3912      Sep    1,5658 
    Oct    1,1009      Oct    1,2390      Oct    1,3945      Oct    1,5695 
    Nov    1,1036      Nov    1,2421      Nov    1,3980      Nov    1,5734 
    Dec    1,1064      Dec    1,2453      Dec    1,4016      Dec    1,5774 

BOEING PROPRIETARY

Escalation Cap Factors Calculation

  Escalation Cap =  3,00% 
  Base Year =  2006 
2006                                      
    Jan   2010   Jan    1,1092  2014   Jan    1,2485  2018   Jan    1,4052 
    Feb    Feb    1,1118      Feb    1,2515      Feb    1,4085 
    Mar    Mar    1,1146      Mar    1,2544      Mar    1,4118 
    Apr    Apr    1,1173      Apr    1,2575      Apr    1,4153 
    May    May    1,1201      May    1,2606      May    1,4188 
    Jun    Jun    1,1227      Jun    1,2636      Jun    1,4221 
    Jul    1,0000      Jul    1,1255      Jul    1,2668      Jul    1,4257 
    Aug    1,0025      Aug    1,1284      Aug    1,2701      Aug    1,4294 
    Sep    1,0050      Sep    1,1312      Sep    1,2732      Sep    1,4329 
    Oct    1,0075      Oct    1,1339      Oct    1,2762      Oct    1,4363 
    Nov    1,0100      Nov    1,1367      Nov    1,2794      Nov    1,4399 
2007   Dec    1,0125      Dec    1,1396      Dec    1,2827      Dec    1,4436 
    Jan    1,0150  2011   Jan    1,1425  2015   Jan    1,2860  2019   Jan    1,4474 
    Feb    1,0175      Feb    1,1452      Feb    1,2890      Feb    1,4508 
    Mar    1,0200      Mar    1,1480      Mar    1,2920      Mar    1,4542 
    Apr    1,0225      Apr    1,1508      Apr    1,2952      Apr    1,4578 
    May    1,0250      May    1,1537      May    1,2984      May    1,4614 
    Jun    1,0275      Jun    1,1564      Jun    1,3015      Jun    1,4648 
    Jul    1,0300      Jul    1,1593      Jul    1,3048      Jul    1,4685 
    Aug    1,0326      Aug    1,1623      Aug    1,3082      Aug    1,4723 
    Sep    1,0352      Sep    1,1651      Sep    1,3114      Sep    1,4759 
    Oct    1,0377      Oct    1,1679      Oct    1,3145      Oct    1,4794 
    Nov    1,0403      Nov    1,1708      Nov    1,3178      Nov    1,4831 
2008   Dec    1,0429      Dec    1,1738      Dec    1,3212      Dec    1,4869 
    Jan    1,0455  2012   Jan    1,1768  2016   Jan    1,3246  2020   Jan    1,4908 
    Feb    1,0480      Feb    1,1796      Feb    1,3277      Feb    1,4943 
    Mar    1,0506      Mar    1,1824      Mar    1,3308      Mar    1,4978 
    Apr    1,0532      Apr    1,1853      Apr    1,3341      Apr    1,5015 
    May    1,0558      May    1,1883      May    1,3374      May    1,5052 
    Jun    1,0583      Jun    1,1911      Jun    1,3405      Jun    1,5087 
    Jul    1,0609      Jul    1,1941      Jul    1,3439      Jul    1,5126 
    Aug    1,0636      Aug    1,1972      Aug    1,3474      Aug    1,5165 
    Sep    1,0663      Sep    1,2001      Sep    1,3507      Sep    1,5202 
    Oct    1,0688      Oct    1,2029      Oct    1,3539      Oct    1,5238 
    Nov    1,0715      Nov    1,2059      Nov    1,3573      Nov    1,5276 
    Dec    1,0742      Dec    1,2090      Dec    1,3608      Dec    1,5315 
    Jan    1,0769  2013   Jan    1,2121  2017   Jan    1,3643  2021   Jan    1,5355 
    Feb    1,0794      Feb    1,2150      Feb    1,3675      Feb    1,5391 
    Mar    1,0821      Mar    1,2179      Mar    1,3707      Mar    1,5427 
    Apr    1,0848      Apr    1,2209      Apr    1,3741      Apr    1,5465 
    May    1,0875      May    1,2239      May    1,3775      May    1,5504 
    Jun    1,0900      Jun    1,2268      Jun    1,3807      Jun    1,5540 
    Jul    1,0927      Jul    1,2299      Jul    1,3842      Jul    1,5580 
    Aug    1,0955      Aug    1,2331      Aug    1,3878      Aug    1,5620 
    Sep    1,0983      Sep    1,2361      Sep    1,3912      Sep    1,5658 
    Oct    1,1009      Oct    1,2390      Oct    1,3945      Oct    1,5695 
    Nov    1,1036      Nov    1,2421      Nov    1,3980      Nov    1,5734 
    Dec    1,1064      Dec    1,2453      Dec    1,4016      Dec    1,5774 

 

Record of Purchase Right Aircraft Exercised

                Remaining
Un-exercised
Aircraft 
Document
Description		 Effective
Date		     Aircraft
Exercised 
   
 
                 
PA-2910   17 May   2004    0   28
 
SA-1   16 July   2004    2   26
SA-2   20 January   2005    0   46
SA-2   20 January   2005    4   42
SA-3   07 March   2005    5   37
SA-4   24 March   2005    4   33
SA-5   25 July   2005    30   41
SA-6   26 August   2005    0   41
SA-7   18 November   2005    5   36
SA-8   17 February   2006    1   35
SA-9   13 March   2006    1   34
SA-10   19 October   2006    20   34