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American Airlines Group Inc. – ‘10-Q’ for 3/31/13 – ‘EX-10.8’

On:  Thursday, 4/18/13, at 4:11pm ET   ·   For:  3/31/13   ·   Accession #:  6201-13-40   ·   File #:  1-08400

Previous ‘10-Q’:  ‘10-Q’ on 10/17/12 for 9/30/12   ·   Next:  ‘10-Q/A’ on 6/7/13 for 3/31/13   ·   Latest:  ‘10-Q’ on 4/25/24 for 3/31/24   ·   1 Reference:  By:  American Airlines Group Inc. – ‘10-K’ on 2/17/21 for 12/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size

 4/18/13  American Airlines Group Inc.      10-Q        3/31/13   75:14M

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    490K 
 2: EX-10.1     Material Contract                                   HTML    731K 
 3: EX-10.2     Material Contract                                   HTML    998K 
 4: EX-10.3     Material Contract                                   HTML    455K 
 5: EX-10.4     Material Contract                                   HTML     59K 
 6: EX-10.5     Material Contract                                   HTML     96K 
 7: EX-10.6     Material Contract                                   HTML     92K 
 8: EX-10.7     Material Contract                                   HTML   1.77M 
 9: EX-10.8     Material Contract                                   HTML    223K 
10: EX-12       Statement re: Computation of Ratios                 HTML     31K 
11: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
12: EX-31.2     Certification -- §302 - SOA'02                      HTML     29K 
13: EX-32       Certification -- §906 - SOA'02                      HTML     25K 
52: R1          Document And Entity Information                     HTML     41K 
42: R2          Consolidated Statements Of Operations               HTML    110K 
50: R3          Consolidated Statements Of Operations               HTML     24K 
                (Parenthetical)                                                  
54: R4          Consolidated Statements Of Comprehensive Income     HTML     68K 
70: R5          Consolidated Balance Sheets                         HTML    144K 
44: R6          Consolidated Statements Of Cash Flows               HTML     73K 
49: R7          Chapter 11 Reorganization                           HTML    100K 
38: R8          Basis Of Presentation                               HTML     29K 
30: R9          Commitments, Contingencies And Guarantees           HTML    101K 
71: R10         Depreciation And Amortization                       HTML     28K 
56: R11         Income Taxes                                        HTML     30K 
55: R12         Indebtedness                                        HTML     91K 
60: R13         Fair Value Measurements                             HTML    125K 
61: R14         Retirement Benefits                                 HTML     62K 
59: R15         Special Charges And Restructuring Activities        HTML     43K 
62: R16         Financial Instruments And Risk Management           HTML     89K 
51: R17         Earnings (Loss) Per Share                           HTML     50K 
53: R18         Accumulated Other Comprehensive Income (Notes)      HTML     66K 
58: R19         Merger Agreement                                    HTML     52K 
75: R20         Subsequent Events                                   HTML     31K 
66: R21         Chapter 11 Reorganization (Tables)                  HTML     65K 
46: R22         Commitments, Contingencies And Guarantees (Tables)  HTML     80K 
57: R23         Indebtedness (Tables)                               HTML     74K 
48: R24         Fair Value Measurements (Tables)                    HTML    120K 
24: R25         Retirement Benefits (Tables)                        HTML     53K 
67: R26         Special Charges And Restructuring Activities        HTML     41K 
                (Tables)                                                         
72: R27         Financial Instruments And Risk Management (Tables)  HTML     79K 
34: R28         Earnings (Loss) Per Share (Tables)                  HTML     48K 
33: R29         Accumulated Other Comprehensive Income (Tables)     HTML     59K 
36: R30         Chapter 11 Reorganization (Narrative) (Details)     HTML     44K 
37: R31         Chapter 11 Reorganization (Schedule Of Liabilities  HTML     41K 
                Subject To Compromise) (Details)                                 
39: R32         Chapter 11 Reorganization (Liabilites Subject to    HTML     49K 
                Compromise Long-Term Debt) (Details)                             
23: R33         Chapter 11 Reorganization (Schedule Of              HTML     36K 
                Reorganization Items) (Details)                                  
64: R34         Commitments, Contingencies And Guarantees           HTML     50K 
                (Narrative) (Details)                                            
45: R35         Commitments, Contingencies And Guarantees           HTML     96K 
                (Aircraft Acquisition Commitments) (Details)                     
47: R36         Depreciation And Amortization (Details)             HTML     27K 
27: R37         Income Taxes (Details)                              HTML     26K 
74: R38         Indebtedness (Narrative) (Details)                  HTML     69K 
20: R39         Indebtedness (Components Of Long-Term Debt)         HTML     76K 
                (Details)                                                        
40: R40         Indebtedness (Schedule Of Maturities Of Long-Term   HTML     42K 
                Debt) (Details)                                                  
69: R41         Indebtedness (Schedule Of Collateral Coverage       HTML     36K 
                Tests) (Details)                                                 
26: R42         Fair Value Measurements (Summary Of Assets And      HTML     71K 
                Liabilities Measured At Fair Value On Recurring                  
                Basis) (Details)                                                 
32: R43         Fair Value Measurements (Long Term Debt And         HTML     57K 
                Current Maturities) (Details)                                    
35: R44         Retirement Benefits (Narrative) (Details)           HTML     24K 
43: R45         Retirement Benefits (Components Of Net Periodic     HTML     47K 
                Benefit Cost) (Details)                                          
22: R46         Special Charges And Restructuring Activities        HTML     52K 
                (Details)                                                        
29: R47         Financial Instruments And Risk Management           HTML     42K 
                (Narrative) (Details)                                            
21: R48         Financial Instruments And Risk Management (Effect   HTML     32K 
                Of Cash Flow Hedges On Financial Statements)                     
                (Details)                                                        
68: R49         Financial Instruments And Risk Management (Effect   HTML     33K 
                Of Derivative Instruments On Statements Of                       
                Operations) (Details)                                            
25: R50         Earnings (Loss) Per Share (Computations Of Basic    HTML     74K 
                And Diluted Earnings (Loss) Per Share) (Details)                 
65: R51         Accumulated Other Comprehensive Income (Details)    HTML     42K 
28: R52         Merger Agreement (Details)                          HTML     38K 
41: R53         Subsequent Events Subsequent Events (Details)       HTML     24K 
73: XML         IDEA XML File -- Filing Summary                      XML    100K 
31: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.23M 
14: EX-101.INS  XBRL Instance -- amr-20130331                        XML   1.91M 
16: EX-101.CAL  XBRL Calculations -- amr-20130331_cal                XML    197K 
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15: EX-101.SCH  XBRL Schema -- amr-20130331                          XSD    175K 
63: ZIP         XBRL Zipped Folder -- 0000006201-13-000040-xbrl      Zip    206K 

Exhibit 10.8

Amendment No. 1

to the

A320 Family Aircraft Purchase Agreement

made of July 20, 2011

between

AIRBUS S.A.S.

and

AMERICAN AIRLINES, INC.

This Amendment No. 1 to the A320 Family Aircraft Purchase Agreement made July 20, 2011 (hereinafter referred to as the “Amendment”), is entered into as of January 11, 2013, by and between AIRBUS S.A.S., a société par actions simplifiée, created and existing under French law having its registered office at 1 Rond-Point Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”), and AMERICAN AIRLINES, INC., a Delaware corporation having its principal office at 4333 Amon Carter Boulevard, Fort Worth, Texas 76155, United States of America (the “Buyer”).

WITNESSETH:

WHEREAS, the Buyer and the Seller entered into an Airbus A320 Aircraft Family Purchase Agreement, made July 20, 2011 which, together with all Exhibits, Appendices and Letter Agreements attached thereto, is hereinafter called the “Agreement.”

WHEREAS, the Buyer and the Seller wish to modify certain provisions of the Agreement as set forth in this Amendment.

NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

The capitalized terms used herein and not otherwise defined in this Amendment will have the meanings assigned to them in the Agreement. The terms “herein,” “hereof,” and “hereunder” and words of similar import refer to this Amendment.

Clause 0 to the Agreement is amended to modify the following defined term as set forth between the words “QUOTE” and “UNQUOTE”:

QUOTE

Delivery Location –the facilities of the Seller at the location of final assembly of the Aircraft, which will be located in Hamburg, Germany, Toulouse, France, Mobile, Alabama or another location mutually agreed by the Buyer and the Seller in writing.

UNQUOTE

Page 1

Schedule I to the Agreement is deleted in its entirety and replaced with the Schedule I attached hereto in Appendix I which reflects (i) the addition of a unique identification number (the “CAC ID No.”) corresponding to each Aircraft, (ii) Scheduled Delivery Months that have been notified by the Seller to the Buyer as of the date of this Amendment and (iii) [*CTR]

Clause 2.4.7 of the Agreement is deleted in its entirety and replaced by the following quoted text:

QUOTE

2.4.7 The Buyer will notify the Seller of its choice of:

UNQUOTE

The Seller agrees that notwithstanding the date this Amendment is executed, this Amendment does not constitute an assumption of the Agreement or entry into a new postpetition agreement unless and until the Bankruptcy Court enters an order approving assumption of the Agreement (as amended hereby) (the “Assumption Order”). Accordingly, notwithstanding anything to the contrary set forth in this Amendment, the parties agree that the Agreement (as amended hereby) will only be deemed assumed, pursuant to section 365 of the Bankruptcy Code, on the first date upon which the Assumption Order has been entered on the docket of the Bankruptcy Court and the Assumption Order is in full force and effect and is not, in any way, stayed as to its effectiveness, including by order of the Bankruptcy Court or otherwise (the “Assumption Date”).

The Buyer agrees to provide to the Seller a draft of the motion to assume the Agreement (as amended hereby) and related proposed form of the Assumption Order no later than three (3) days prior to the Buyer’s intended filing thereof with the Bankruptcy Court, and the Buyer further agrees that the motion and form of the Assumption Order will be in form and substance reasonably satisfactory to the Seller.

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

Page 2

The Buyer covenants and agrees with the Seller that [*CTR]

[*CTR]

[*CTR]

[*CTR]

[*CTR]

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

Page 3

Each of the Seller and the Buyer agree not to disclose the terms and conditions of this Amendment to any person without the prior written consent of the other party. Notwithstanding the foregoing, each of the Seller and the Buyer agrees that such terms and conditions may be disclosed without such prior written consent to (i) the Official Committee of Unsecured Creditors (excluding Boeing Capital Corporation) and/or its professional advisors retained in the Chapter 11 Cases in accordance with the terms of the Stipulated Protective Order Pursuant to Sections 105(a) and 107(b) of the Bankruptcy Code and Bankruptcy Rule 9018 Establishing Procedures for the Protection of Confidential Information Provided by the Debtors to the Official Committee of Unsecured Creditors entered by the Bankruptcy Court on January 27, 2012 [Docket No. 891], (ii) the Bankruptcy Court, (iii) counsel and advisors for the Ad Hoc Group of AMR Corporation Creditors identified in that certain “Motion for Approval of ‘Fee Letter’ to Pay Certain Work Fees and Expenses of Professionals Employed by the Ad Hoc Group of AMR Corporation Creditors” filed with the Bankruptcy Court on August 29, 2012, (iv) as required by law or as necessary in connection with the enforcement of such party’s rights hereunder, and (v) the board of directors, managers, employees, auditors, and legal, financial and technical advisors of each party.

THIS AMENDMENT AND THE AGREEMENTS CONTEMPLATED HEREIN WILL BE GOVERNED BY AND CONSTRUED AND THE PERFORMANCE THEREOF WILL BE DETERMINED IN ACCORDANCE WITH THE PROVISIONS OF CLAUSE 22.6 OF THE AGREEMENT.

This Amendment has been executed in two (2) original copies.

Notwithstanding the foregoing, this Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument.

Page 4

IN WITNESS WHEREOF, this Amendment was entered into as of the day and year first above written.

APPENDIX 1

SCHEDULE I

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

Apx. 1 - Page 1

APPENDIX 1

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

Apx. 1 - Page 2

APPENDIX 1

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

Apx. 1 - Page 3

APPENDIX 1

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

Apx. 1 - Page 4

APPENDIX 1

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

Apx. 1 - Page 5

APPENDIX 1

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

Apx. 1 - Page 6

APPENDIX 1

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

Apx. 1 - Page 7

APPENDIX 1

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

Apx. 1 - Page 8

LETTER AGREEMENT NO. 1

TO

AMENDMENT NO. 1

As of January 11, 2013

American Airlines, Inc.

4333 Amon Carter Boulevard

Fort Worth, Texas 76155

Re: MISCELLANEOUS

Dear Ladies and Gentlemen,

American Airlines, Inc. (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into Amendment No. 1 (the “Amendment”) of even date herewith to the Airbus A320 Family Aircraft Purchase Agreement made July 20, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, the “Agreement”). The Buyer and the Seller have agreed to set forth in this Letter Agreement No. 1 to the Amendment (this “Letter Agreement”) certain additional terms and conditions regarding the sale or lease of the Aircraft subject to the Agreement. Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement. The terms “herein,” “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

Both parties agree that this Letter Agreement will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement will govern.

[*CTR] in respect of each Aircraft type set forth below that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the [*CTR]

The [*CTR] are quoted at delivery conditions prevailing in [*CTR] and will be adjusted in accordance with the Seller Price Revision Formula [*CTR] in accordance with Paragraph 7 of Letter Agreement No. 2 to the Agreement.

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

LA 1 - 1

The [*CTR] will be [*CTR] each A319 Aircraft, A320 Aircraft or A321 Aircraft, as applicable, that is sold by the Seller and purchased by the Buyer. The [*CTR] will be [*CTR] Unless the Buyer gives the Seller notice to the contrary at least [*CTR] of an Aircraft, the A319 [*CTR] will be [*CTR] and A320 [*CTR] will be [*CTR] and the A321 [*CTR] will be [*CTR]

If the Buyer wishes to [*CTR]

QUOTE

UNQUOTE

QUOTE

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

LA 1 - 2

UNQUOTE

Paragraphs 7.3.1 and 7.3.2 of Letter Agreement No. 2 to the Agreement are deleted in their entirety and replaced by the following quoted text:

QUOTE

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

LA 1 - 3

UNQUOTE

This Letter Agreement and the rights and obligations of the parties will be subject to the provisions of Clause 21 of the Agreement; provided, however, this Letter Agreement may not be assigned by the Buyer under either Clause 21.5 or 21.6 without the express written consent of the Seller, which the Seller may withhold in its sole discretion.

The Seller acknowledges that the Buyer is a debtor in possession under the Bankruptcy Code in the Chapter 11 Cases pending in the Bankruptcy Court. The Buyer, and certain of its debtor affiliates, commenced the Chapter 11 Cases on the Commencement Date.

The Seller agrees that notwithstanding the date this Letter Agreement is executed, this Letter Agreement does not constitute an assumption of the Agreement or entry into a new postpetition agreement unless and until the Bankruptcy Court enters an Assumption Order. Accordingly, notwithstanding anything to the contrary set forth in this Letter Agreement, the parties agree that the Agreement (as amended hereby) will only be deemed assumed, pursuant to section 365 of the Bankruptcy Code, on the Assumption Date.

Except for the provisions of Clauses 6, 7, 8 and 9 of this Letter Agreement that are effective, binding, and enforceable upon execution by the parties of this Letter Agreement, all rights, obligations, and agreements of the parties set forth herein will become effective, binding, and enforceable on the Assumption Date.

Each of the Seller and the Buyer agree not to disclose the terms and conditions of this Letter Agreement to any person without the prior written consent of the other party. Notwithstanding the foregoing, each of the Seller and the Buyer agrees that such terms and conditions may be disclosed without such prior written consent to (i) the Official Committee of Unsecured Creditors (excluding Boeing Capital Corporation) and/or its professional advisors retained in the Chapter 11 Cases in accordance with the terms of the Stipulated Protective Order Pursuant to Sections 105(a) and 107(b) of the Bankruptcy Code and Bankruptcy Rule 9018 Establishing Procedures for the Protection of Confidential Information Provided by the Debtors to the Official Committee of Unsecured Creditors entered by the Bankruptcy Court on January 27, 2012 [Docket No. 891], (ii) the Bankruptcy Court, (iii) counsel and advisors for the Ad Hoc Group of AMR Corporation Creditors identified in that certain “Motion for Approval of ‘Fee Letter’ to Pay Certain Work Fees and Expenses of Professionals Employed by the Ad Hoc Group of AMR Corporation Creditors” filed with the Bankruptcy Court on August 29, 2012, (iv) as required by law or as necessary in connection with the enforcement of such party’s rights hereunder, and (v) the board of directors, managers, employees, auditors, and legal, financial and technical advisors of each party.

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

LA 1 - 4

This Letter Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute one and the same instrument.

LA 1 - 5

If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below and return a copy to the Seller.

LETTER AGREEMENT NO. 2

TO

AMENDMENT NO. 1

As of January 11, 2013

American Airlines, Inc.

4333 Amon Carter Boulevard

Fort Worth, Texas 76155

Re: LEASING MATTERS

Dear Ladies and Gentlemen,

American Airlines, Inc. (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into Amendment No. 1 (the “Amendment”) of even date herewith to the Airbus A320 Family Aircraft Purchase Agreement made July 20, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, the “Agreement”). The Buyer and the Seller have agreed to set forth in this Letter Agreement No. 2 to the Amendment (this “Letter Agreement”) certain additional terms and conditions regarding the sale or lease of the Aircraft subject to the Agreement. Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement. The terms “herein,” “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

Both parties agree that this Letter Agreement will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement will govern.

Capitalized terms used herein and not otherwise defined have the meanings ascribed thereto in Letter Agreement No. 1 to the Agreement or, if not defined therein, in any applicable Lease entered into by the Buyer.

[*CTR]

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

LA 2 - 1

[*CTR]

[*CTR]

[*CTR]

All payments of [*CTR]

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

LA 2 - 2

The first paragraph of Clause 5.7 of the Agreement is deleted in its entirety and replaced with the following quoted text:

[*CTR]

QUOTE

Notwithstanding anything to the contrary contained herein, the Seller may, upon thirty (30) days prior written notice to the Buyer, set-off any undisputed, matured obligation owed by the Buyer or any of its Affiliates to the Seller or its Affiliates, if with respect to the payment of any single amount then due, such amount exceeds US$[*CTR] (US dollars –[*CTR]) or with respect to the payment of all amounts then due, such amounts exceed US$[*CTR] (US dollars –[*CTR]) in the aggregate, against any undisputed, matured obligation owed by the Seller or any of its Affiliates to the Buyer or any of its Affiliates, regardless of the place of payment or currency; provided, however, that the Seller will not be entitled to set-off any amounts owed by the Buyer against any payments of Rent Subsidy owed by the Seller.

UNQUOTE

[*CTR]

[*CTR]

This Letter Agreement and the rights and obligations of the parties will be subject to the provisions of Clause 21 of the Agreement; provided, however, this Letter Agreement may not be assigned by the Buyer under either Clause 21.5 or 21.6 without the express written consent of the Seller, which the Seller may withhold in its sole discretion.

The Seller acknowledges that the Buyer is a debtor in possession under the Bankruptcy Code in the Chapter 11 Cases pending in the Bankruptcy Court. The Buyer, and certain of its debtor affiliates, commenced the Chapter 11 Cases on the Commencement Date.

The Seller agrees that notwithstanding the date this Letter Agreement is executed, this Letter Agreement does not constitute an assumption of the Agreement or entry into a new postpetition agreement unless and until the Bankruptcy Court enters an Assumption Order. Accordingly, notwithstanding anything to the contrary set forth in this Letter Agreement, the parties agree that the Agreement (as amended hereby) will only be deemed assumed, pursuant to section 365 of the Bankruptcy Code, on the Assumption Date.

Except for the provisions of Clauses 7, 8, 9 and 10 of this Letter Agreement that are effective, binding, and enforceable upon execution by the parties of this Letter Agreement, all rights, obligations, and agreements of the parties set forth herein will become effective, binding, and enforceable on the Assumption Date.

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

LA 2 - 3

Each of the Seller and the Buyer agree not to disclose the terms and conditions of this Letter Agreement to any person without the prior written consent of the other party. Notwithstanding the foregoing, each of the Seller and the Buyer agrees that such terms and conditions may be disclosed without such prior written consent to (i) the Official Committee of Unsecured Creditors (excluding Boeing Capital Corporation) and/or its professional advisors retained in the Chapter 11 Cases in accordance with the terms of the Stipulated Protective Order Pursuant to Sections 105(a) and 107(b) of the Bankruptcy Code and Bankruptcy Rule 9018 Establishing Procedures for the Protection of Confidential Information Provided by the Debtors to the Official Committee of Unsecured Creditors entered by the Bankruptcy Court on January 27, 2012 [Docket No. 891], (ii) the Bankruptcy Court, (iii) counsel and advisors for the Ad Hoc Group of AMR Corporation Creditors identified in that certain “Motion for Approval of ‘Fee Letter’ to Pay Certain Work Fees and Expenses of Professionals Employed by the Ad Hoc Group of AMR Corporation Creditors” filed with the Bankruptcy Court on August 29, 2012, (iv) as required by law or as necessary in connection with the enforcement of such party’s rights hereunder, and (v) the board of directors, managers, employees, auditors, and legal, financial and technical advisors of each party.

This Letter Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute one and the same instrument.

LA 2 - 4

If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below and return a copy to the Seller.

EXHIBIT A

ADJUSTMENT FORMULA

The [*CTR] as quoted in Paragraph 2.1 of Letter Agreement No. 2 to Amendment No. 1 to the Agreement is subject to adjustment for changes in economic conditions as measured by data obtained from the US Department of Labor, Bureau of Labor Statistics, and in accordance with the provisions hereof.

The [*CTR] has been established in accordance with the average economic conditions prevailing in [*CTR] and corresponding to a base amount stated in [*CTR] delivery conditions as defined by the ECIb and ICb index values indicated hereafter.

Labor Index: “Employment Cost Index for Workers in Aerospace manufacturing” (hereinafter referred to as “ECI336411W”), quarterly published by the US Department of Labor, Bureau of Labor Statistics, in “NEWS”, and found in Table 9, “WAGES and SALARIES (not seasonally adjusted): Employment Cost Indexes for Wages and Salaries for private industry workers by industry and occupational group”, or such other name that may be from time to time used for the publication title and/or table, (Aircraft manufacturing, NAICS Code 336411, base month and year December 2005 = 100).

The quarterly value released for a certain month (March, June, September and December) will be the one deemed to apply for the two (2) preceding months.

Index code for access on the Web site of the US Bureau of Labor Statistics: CIU2023211000000I.

Material Index: “Industrial Commodities” (hereinafter referred to as “IC”) as published in “PPI Detailed Report” (found in Table 6. “Producer price indexes and percent changes for commodity and service groupings and individual items not seasonally adjusted” or such other names that may be from time to time used for the publication title and/or table). (Base Year 1982 = 100).

Index code for access on the Web site of the US Bureau of Labor Statistics: WPU03THRU15.

[*CTR]

[*CTR]

[*CTR]

[*CTR]

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

Exh A - 1

[*CTR]

[*CTR]

[*CTR]

[*CTR]

The Labor Index average and the Material Index average will be computed to the first decimal. If the next succeeding place is five (5) or more, the preceding decimal place will be raised to the next higher figure.

Each quotient, ECIn/ECIb and ICn/ICb, will be rounded to the nearest ten-thousandth (4 decimals). If the next succeeding place is five (5) or more, the preceding decimal place will be raised to the next higher figure.

The final factor will be rounded to the nearest ten-thousandth (4 decimals).

The final price will be rounded to the nearest whole number (0.5 or more rounded to 1).

If:

the Seller will select a substitute index for inclusion in this Adjustment Formula (the “Substitute Index”), [*CTR]

As a result of the selection of the Substitute Index, the Seller will make an appropriate adjustment to this Adjustment Formula to combine the successive utilization of the original Labor Index or Material Index (as the case may be) and of the Substitute Index.

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

Exh A - 2

The Index values as defined in Paragraph 1.4 above will be considered final and no further adjustment to the [*CTR] as revised at January of the year of Delivery of the relevant Leased Aircraft will be made after Aircraft delivery for any subsequent changes in the published Index values.

Should the sum of [*CTR]

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

Exh A - 3

EXHIBIT B

[*CTR]

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

Exh B - 1

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
Filed on:		4/18/13		425,  8-K
For Period end:		3/31/13		10-Q/A
		1/31/13		8-K
		1/11/13
		8/29/12
		1/27/12
		11/30/11		4
		11/29/11		8-K
		7/20/11		10-Q,  8-K
				List all Filings

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1 Subsequent Filing that References this Filing

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/17/21 American Airlines Group Inc. 10-K 12/31/20 160:42M

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Filing Submission 0000006201-13-000040   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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