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As Of Filer Filing For·On·As Docs:Size 4/24/14 American Airlines Group Inc. 10-Q 3/31/14 89:20M American Airlines Inc |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 1.27M
2: EX-10.1 Material Contract HTML 55K
3: EX-10.2 Material Contract HTML 54K
4: EX-10.3 Material Contract HTML 56K
5: EX-10.4 Material Contract HTML 55K
6: EX-10.5 Material Contract HTML 57K
7: EX-12.1 Statement re: Computation of Ratios HTML 32K
8: EX-12.2 Statement re: Computation of Ratios HTML 31K
9: EX-31.1 Certification -- §302 - SOA'02 HTML 30K
10: EX-31.2 Certification -- §302 - SOA'02 HTML 30K
11: EX-31.3 Certification -- §302 - SOA'02 HTML 30K
12: EX-31.4 Certification -- §302 - SOA'02 HTML 30K
13: EX-32.1 Certification -- §906 - SOA'02 HTML 29K
14: EX-32.2 Certification -- §906 - SOA'02 HTML 29K
63: R1 Document And Entity Information HTML 49K
51: R2 Consolidated Statements Of Operations HTML 125K
61: R3 Consolidated Statements Of Comprehensive Income HTML 59K
65: R4 Consolidated Balance Sheets HTML 162K
83: R5 Consolidated Balance Sheets (Parenthetical) HTML 41K
53: R6 Consolidated Statements Of Cash Flows HTML 95K
60: R7 Basis of Presentation HTML 120K
47: R8 Emergence From Chapter 11 and Merger with US HTML 97K
Airways Group
37: R9 Mandatorily Convertible Preferred Stock and Other HTML 68K
Bankruptcy Settlement Obligations
84: R10 Slot Divestiture HTML 33K
67: R11 Special Items HTML 71K
66: R12 Earnings (Loss) Per Share HTML 60K
72: R13 Debt HTML 97K
73: R14 Income Taxes HTML 40K
70: R15 Fair Value Measurements HTML 131K
74: R16 Retirement Benefits HTML 96K
62: R17 Financial Instruments And Risk Management HTML 125K
64: R18 Accumulated Other Comprehensive Income (Loss) HTML 121K
69: R19 Regional Expenses HTML 68K
89: R20 Related Party Transactions HTML 39K
79: R21 Legal Proceedings HTML 56K
57: R22 Financial Information for Subsidiary Guarantors HTML 717K
and Non-guarantor Subsidiaries
68: R23 Subsequent Events HTML 47K
59: R24 Basis of Presentation (Policies) HTML 39K
29: R25 Basis of Presentation (Tables) HTML 106K
80: R26 Emergence From Chapter 11 and Merger with US HTML 42K
Airways Group (Tables)
86: R27 Mandatorily Convertible Preferred Stock and Other HTML 45K
Bankruptcy Settlement Obligations (Tables)
42: R28 Special Items (Tables) HTML 69K
41: R29 Earnings (Loss) Per Share (Tables) HTML 56K
45: R30 Debt (Tables) HTML 90K
46: R31 Fair Value Measurements (Tables) HTML 117K
48: R32 Retirement Benefits (Tables) HTML 90K
27: R33 Financial Instruments And Risk Management (Tables) HTML 105K
77: R34 Accumulated Other Comprehensive Income (Loss) HTML 120K
(Tables)
55: R35 Regional Expenses (Tables) HTML 67K
58: R36 Related Party Transactions (Tables) HTML 35K
32: R37 Financial Information for Subsidiary Guarantors HTML 617K
and Non-guarantor Subsidiaries (Tables)
88: R38 Subsequent Events (Tables) HTML 46K
21: R39 Basis of Presentation (Reclassification) (Details) HTML 99K
49: R40 Emergence From Chapter 11 and Merger with US HTML 100K
Airways Group (Narrative) (Details)
82: R41 Emergence From Chapter 11 and Merger with US HTML 40K
Airways Group (Schedule of Reorganization Items)
(Details)
31: R42 Mandatorily Convertible Preferred Stock and Other HTML 86K
Bankruptcy Settlement Obligations (Details)
40: R43 Slot Divestiture (Narrative) (Details) HTML 33K
44: R44 Special Items (Details) HTML 59K
52: R45 Earnings (Loss) Per Share (Narrative) (Details) HTML 38K
26: R46 Earnings (Loss) Per Share (EPS Calculation) HTML 62K
(Details)
36: R47 Debt (Components Of Long-Term Debt) (Details) HTML 89K
23: R48 Debt (Narrative) (Details) HTML 42K
81: R49 Income Taxes (Narrative) (Details) HTML 57K
30: R50 Fair Value Measurements (Assets and Liabilities HTML 140K
Measured at Fair Value on a Recurring Basis)
(Details)
78: R51 Retirement Benefits (Narrative) (Details) HTML 29K
33: R52 Retirement Benefits (Components Of Net Periodic HTML 54K
Benefit Cost) (Details)
50: R53 Financial Instruments And Risk Management HTML 49K
(Narrative) (Details)
22: R54 Financial Instruments And Risk Management (Effect HTML 46K
Of Derivative Instruments On Statements Of
Operations) (Details)
25: R55 Financial Instruments And Risk Management HTML 47K
Financial Instruments and Risk Management
(Offsetting Disclosure) (Details)
43: R56 Accumulated Other Comprehensive Income (Loss) HTML 75K
(Components Of Accumulated Other Comprehensive
Income (Loss)) (Details)
28: R57 Regional Expenses (Details) HTML 50K
85: R58 Accumulated Other Comprehensive Income (Loss) HTML 36K
(Reclassification out of AOCI) (Details)
54: R59 Related Party Transactions (Details) HTML 32K
71: R60 Legal Proceedings (Details) HTML 41K
35: R61 Financial Information for Subsidiary Guarantors HTML 132K
and Non-guarantor Subsidiaries-Income Statement
(Details)
38: R62 Financial Information for Subsidiary Guarantors HTML 86K
and Non-guarantor Subsidiaries-Comprehensive
Income (Details)
76: R63 Financial Information for Subsidiary Guarantors HTML 233K
and Non-guarantor Subsidiaries Financial
Information for Subsidiary Guarantors and
Non-guarantor Subsidiaries-Balance Sheet (Details)
75: R64 Financial Information for Subsidiary Guarantors HTML 120K
and Non-guarantor Subsidiaries-Cash Flows
(Details)
56: R65 Subsequent Events (Conversions of Stock) (Details) HTML 47K
87: XML IDEA XML File -- Filing Summary XML 124K
24: EXCEL IDEA Workbook of Financial Reports XLSX 367K
39: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 3.62M
15: EX-101.INS XBRL Instance -- aag-20140331 XML 5.09M
17: EX-101.CAL XBRL Calculations -- aag-20140331_cal XML 216K
18: EX-101.DEF XBRL Definitions -- aag-20140331_def XML 1.18M
19: EX-101.LAB XBRL Labels -- aag-20140331_lab XML 1.68M
20: EX-101.PRE XBRL Presentations -- aag-20140331_pre XML 1.25M
16: EX-101.SCH XBRL Schema -- aag-20140331 XSD 205K
34: ZIP XBRL Zipped Folder -- 0000006201-14-000011-xbrl Zip 359K
| EX-10.3 |
Exhibit 10.3
Execution Version
AMENDED AND RESTATED GUARANTEE
dated as of March 31, 2014
from
US AIRWAYS GROUP, INC.
and
AMERICAN AIRLINES GROUP INC.
Ten (10) Airbus A321-231 and Four (4) Airbus A321-211 Aircraft
| Page | ||||||
| Section 1. |
Guarantee | 2 | ||||
| Section 2. |
No Implied Third Party Beneficiaries | 3 | ||||
| Section 3. |
Waiver; No Set-off; Reinstatement; Subrogation | 3 | ||||
| Section 4. |
Amendments, Etc | 4 | ||||
| Section 5. |
Payments | 4 | ||||
| Section 6. |
Integration; Counterparts; Successors and Assigns; Headings | 4 | ||||
| Section 7. |
Notices | 4 | ||||
| Section 8. |
No Waivers | 4 | ||||
| Section 9. |
Severability | 5 | ||||
| Section 10. |
GOVERNING LAW | 5 | ||||
i
AMENDED AND RESTATED GUARANTEE
AMENDED AND RESTATED GUARANTEE, dated as of March 31, 2014 (as amended, modified or supplemented from time to time, this “Guarantee”), from US AIRWAYS GROUP, INC., a Delaware corporation (together with its permitted successors and assigns, “USAG”) and AMERICAN AIRLINES GROUP INC., a Delaware corporation (together with its permitted successors and assigns, “AAG” and, together with USAG, the “Guarantors”), to the parties listed in Schedule I hereto (collectively, together with their successors and permitted assigns, the “Parties”, and, individually, a “Party”).
WHEREAS, US Airways, Inc., a Delaware corporation (“Owner”), a direct wholly-owned subsidiary of USAG, a direct wholly-owned subsidiary of AAG, has entered into that certain Note Purchase Agreement dated as of May 14, 2012 (the “Note Purchase Agreement”), among Owner, Wilmington Trust Company, as pass through trustee under each of the Pass Through Trust Agreements (the “Pass Through Trustee”), Wilmington Trust Company, as Subordination Agent (the “Subordination Agent”), Wells Fargo Bank Northwest, National Association, as Escrow Agent under each of the Escrow and Paying Agent Agreements, and Wilmington Trust Company, as Paying Agent under each of the Escrow and Paying Agent Agreements;
WHEREAS, capitalized terms used but not defined herein shall have the meanings set forth in the Note Purchase Agreement; and
WHEREAS, in order to finance the aircraft identified on Schedule II hereto (the “Aircraft”), Owner has issued or will issue, as the case may be, the Equipment Notes under the Trust Indentures;
WHEREAS, in order to induce the Pass Through Trustee to purchase the Equipment Notes and for other good and valuable consideration, USAG delivered the Guarantee dated as of April 24, 2013 (the “Prior Guarantee”) to the Parties;
WHEREAS, USAG and AAG desire to amend and restate the Prior Guarantee on the terms set forth herein and each of the Parties desires to consent to such amendment and restatement;
NOW, THEREFORE, in order to induce the Pass Through Trustee to purchase the Equipment Notes and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows:
Section 1. Guarantee.
(a) Each Guarantor does hereby acknowledge that it is fully aware of the terms and conditions of the Trust Indentures, the Participation Agreements, the Equipment Notes and the transactions and the other documents contemplated thereby, and the Guarantors jointly and severally hereby irrevocably and fully and unconditionally guarantee, as primary obligor and not as surety merely, to the Parties, as their respective interests may appear, the payment by Owner of all payment obligations when due under the Trust Indentures, the Participation Agreements and the Equipment Notes (such obligations of Owner guaranteed hereby being hereafter referred to, individually, as a “Guaranteed Obligation” and, collectively, as the “Guaranteed Obligations”) in accordance with the terms of the Financing Agreements. The Guarantors jointly and severally hereby agree that in the event that Owner fails to pay any Guaranteed Obligation when due for any reason (including, without limitation, the liquidation, dissolution, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of, or other similar proceedings affecting the status, existence, assets or obligations of Owner, or the disaffirmance with respect to Owner of any Trust Indenture or any other Financing Agreement to which Owner is a party in any such proceeding) after the date on which such Guaranteed Obligation became due and payable and the applicable grace period has expired, the Guarantors shall pay or cause to be paid forthwith, upon the receipt of notice from the Indenture Trustee (such notice to be sent to Owner (to the extent the Indenture Trustee is not stayed or prevented from doing so by operation of law) and each Guarantor) stating that such Guaranteed Obligation was not paid when due after the applicable grace period has expired and stating the amount of such Guaranteed Obligation.
(b) The obligations of the Guarantors hereunder shall not be, to the fullest extent permitted by law, affected by the genuineness, validity, regularity or enforceability (or lack thereof) of any of Owner’s obligations under any Trust Indenture or any other Financing Agreement to which Owner is a party, any amendment, waiver or other modification of any Trust Indenture or such other Financing Agreement (except that any such amendment or other modification shall be given effect in determining the obligations of the Guarantors hereunder), or by any substitution, release or exchange of collateral for or other guaranty of any of the Guaranteed Obligations (except to the extent that such substitution, release or exchange is not undertaken in accordance with the terms of the Financing Agreements) without the consent of each Guarantor, or by any priority or preference to which any other obligations of Owner may be entitled over Owner’s obligations under any Trust Indenture and the other Financing Agreements to which Owner is a party, or by any other circumstance that might otherwise constitute a legal or equitable defense to or discharge of the obligations of a surety or guarantor including, without limitation, any defense arising out of any laws of the United States of America or of any State thereof which would excuse, discharge, exempt, modify or delay the due or punctual payment and performance of the obligations of the Guarantors hereunder. Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not, to the fullest extent permitted by law, affect the liability of the Guarantors hereunder: (a) the extension of the time for or waiver of, at any time or from time to time, without notice to the Guarantors, Owner’s performance of or compliance with any of its obligations under the Financing Agreements (except that such extension or waiver shall be given effect in determining the obligations of the Guarantors hereunder), (b) any assignment, transfer, lease or other arrangement by which Owner transfers possession or loses control of the use of any Aircraft, (c) any defect in the title, condition, design, operation or fitness for use of, or damage to or loss or destruction of, any Aircraft, whether or not due to the fault of Owner, (d) any merger or consolidation of Owner or either Guarantor into or with any other Person, or any sale, transfer, lease or disposal of any of its assets, (e) any issuance of Series C Equipment Notes or (f) any change in the ownership of any shares of capital stock of Owner.
2
(c) This Guarantee is an absolute, present and continuing guaranty of payment and performance and not of collection and is in no way conditional or contingent upon any attempt to collect from Owner any unpaid amounts due. The Guarantors specifically agree, to the fullest extent permitted by law, that it shall not be necessary or required, and that the Guarantors shall not be entitled to require, that any Party (i) file suit or proceed to obtain or assert a claim for personal judgment against Owner for the Guaranteed Obligations, or (ii) make any effort at collection of the Guaranteed Obligations from Owner, or (iii) foreclose against or seek to realize upon any security now or hereafter existing for the Guaranteed Obligations, including the Collateral (as defined in the Trust Indentures), or (iv) file suit or proceed to obtain or assert a claim for personal judgment against any other Person liable for the Guaranteed Obligations, or make any effort at collection of the Guaranteed Obligations from any such other Person, or exercise or assert any other right or remedy to which any Party is or may be entitled in connection with the Guaranteed Obligations or any security or other guaranty therefor, or (v) assert or file any claim against the assets of Owner or any other guarantor or other Person liable for the Guaranteed Obligations, or any part thereof, before or as a condition of enforcing the liability of the Guarantors under this Guarantee or requiring payment of said Guaranteed Obligations by the Guarantors hereunder, or at any time thereafter.
Section 2. No Implied Third Party Beneficiaries. This Guarantee shall not be deemed to create any right in any Person except a Party and shall not be construed in any respect to be a contract in whole or in part for the benefit of any other Person.
Section 3. Waiver; No Set-off; Reinstatement; Subrogation. The Guarantors waive notice of the acceptance of this Guarantee and of the performance or nonperformance by Owner, demand for payment from Owner or any other Person, notice of nonpayment or failure to perform on the part of Owner, diligence, presentment, protest, dishonor and, to the fullest extent permitted by law, all other demands or notices whatsoever, other than the request for payment hereunder and notice provided for in Section 1 hereof. The obligations of the Guarantors shall be absolute and unconditional and shall remain in full force and effect until satisfaction of all Guaranteed Obligations and, without limiting the generality of the foregoing, to the extent not prohibited by applicable law, shall not be released, discharged or otherwise affected by the existence of any claims, set-off, defense or other rights that the Guarantors may have at any time and from time to time against any Party, whether in connection herewith or any unrelated transactions. This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any Guaranteed Obligation is rescinded or must otherwise be returned by any Party upon the insolvency, bankruptcy, reorganization, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding with respect to Owner or otherwise, all as though such payment had not been made. The Guarantor, by virtue of any payment hereunder to a Party, shall be subrogated to such Party’s claim against Owner or any other Person relating thereto; provided, however, that neither Guarantor shall be entitled to receive payment from Owner in respect of any claim against Owner arising from a payment by such Guarantor in the event of any insolvency, bankruptcy, liquidation, reorganization or other similar proceedings relating to Owner, or in the event of any proceedings for voluntary liquidation, dissolution or other winding-up of Owner, whether or not involving insolvency or bankruptcy proceedings, in which case the Guaranteed Obligations shall be paid and performed in full before any payment in respect of a claim by such Guarantor shall be made by or on behalf of Owner.
3
Section 4. Amendments, Etc. No amendment of or supplement to this Guarantee, or waiver or modification of, or consent under, the terms hereof, shall be effective unless evidenced by an instrument in writing signed by the Guarantors and each Party against whom such amendment, supplement, waiver, modification or consent is to be enforced.
Section 5. Payments. All payments by the Guarantors hereunder in respect of any Obligation shall be made in Dollars and otherwise as provided in the relevant Trust Indenture, the relevant Participation Agreement or the relevant Equipment Note in which such Guaranteed Obligation is contained.
Section 6. Integration; Counterparts; Successors and Assigns; Headings. This Guarantee (a) constitutes the entire agreement, and supersedes all prior agreements and understandings, both written and oral, among the Guarantors and the Parties, with respect to the subject matter hereof, (b) may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, and (c) shall be binding upon the successors and assigns of the Guarantors and shall inure to the benefit of, and shall be enforceable by, each of the Parties to the fullest extent permitted by applicable laws. The headings in this Guarantee are for purposes of reference only, and shall not limit or otherwise affect the meanings hereof.
Section 7. Notices. All requests, notices or other communications hereunder shall be in writing, addressed as follows:
If to USAG:
US Airways Group, Inc.
4333 Amon Carter Blvd.
Attn: Treasurer
Facsimile: 817-967-4318
If to AAG:
American Airlines Group Inc.
4333 Amon Carter Blvd.
Attn: Treasurer
Facsimile: 817-967-4318
If to a Party:
to the address or telecopy number set forth in the Participation Agreements
All requests, notices or other communications shall be given in the manner, and shall be effective at the times and under the terms, set forth in Section 12.7 of the Participation Agreements.
Section 8. No Waivers. No failure on the part of any Party to exercise, no delay in exercising, and no course of dealing with respect to, any right or remedy hereunder will operate as a waiver thereof; nor will any single or partial exercise of any right or remedy hereunder preclude any other or further exercise of such right or remedy or the exercise of any other right or remedy.
4
Section 9. Severability. To the fullest extent permitted by applicable law, any provision of this Guarantee that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or any provision in any other Operative Agreement, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Section 10. GOVERNING LAW. THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW)). THIS GUARANTEE IS BEING DELIVERED IN NEW YORK, NEW YORK.
Section 11. Consent. By agreeing, acknowledging and consenting to this Guarantee by their signatures below, each Party hereby consents to the amendment and restatement effected by this Guarantee.
5
IN WITNESS WHEREOF, the undersigned has caused this Guarantee to be duly executed as of the day and year first written above.
| US AIRWAYS GROUP, INC. | ||
| By: | /s/ Thomas T. Weir | |
| Name: Thomas T. Weir | ||
| Title: Vice President & Treasurer | ||
| AMERICAN AIRLINES GROUP INC. | ||
| By: | /s/ Thomas T. Weir | |
| Name: Thomas T. Weir | ||
| Title: Vice President & Treasurer | ||
| ACKNOWLEDGED, AGREED AND CONSENTED: | ||
| WILMINGTON TRUST COMPANY, as Indenture Trustee | ||
| By: | ||
| Name: Robert P. Hines, Jr. | ||
| Title: Assistant Vice President | ||
| WILMINGTON TRUST COMPANY, as Pass Through Trustee | ||
| By: | ||
| Name: Robert P. Hines, Jr. | ||
| Title: Assistant Vice President | ||
| WILMINGTON TRUST COMPANY, as Subordination Agent | ||
| By: | ||
| Name: Robert P. Hines, Jr. | ||
| Title: Assistant Vice President | ||
2
SCHEDULE I
TO GUARANTEE
PARTIES
Wilmington Trust Company, as Indenture Trustee
Wilmington Trust Company, as Pass Through Trustee
Wilmington Trust Company, as Subordination Agent
SCHEDULE I
Page 1
SCHEDULE II
TO GUARANTEE
AIRCRAFT
| U.S. Registration Mark |
MSN # |
Aircraft Type |
Engine Model Type | |||
| N538UW | 4050 | Airbus A321-231 | IAE V2533-A5 | |||
| N540UW | 4107 | Airbus A321-231 | IAE V2533-A5 | |||
| N559UW | 5292 | Airbus A321-231 | IAE V2533-A5 | |||
| N560UW | 5300 | Airbus A321-231 | IAE V2533-A5 | |||
| N561UW | 5317 | Airbus A321-231 | IAE V2533-A5 | |||
| N562UW | 5332 | Airbus A321-231 | IAE V2533-A5 | |||
| N563UW | 5368 | Airbus A321-231 | IAE V2533-A5 | |||
| N564UW | 5374 | Airbus A321-231 | IAE V2533-A5 | |||
| N565UW | 5409 | Airbus A321-231 | IAE V2533-A5 | |||
| N566UW | 5422 | Airbus A321-231 | IAE V2533-A5 | |||
| N198UW | 5444 | Airbus A321-211 | CFM56-5B3P | |||
| N199UW | 5475 | Airbus A321-211 | CFM56-5B3P | |||
| N150UW | 5504 | Airbus A321-211 | CFM56-5B3P | |||
| N151UW | 5513 | Airbus A321-211 | CFM56-5B3P |
SCHEDULE II
Page 1
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 4/24/14 | 4, 8-K | ||
| For Period end: | 3/31/14 | 8-K | ||
| 4/24/13 | 4, 425 | |||
| 5/14/12 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/21/24 American Airlines Group Inc. 10-K 12/31/23 147:24M 2/22/23 American Airlines Group Inc. 10-K 12/31/22 141:46M 2/22/22 American Airlines Group Inc. 10-K 12/31/21 162:47M 2/17/21 American Airlines Group Inc. 10-K 12/31/20 160:42M |