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Alaska Air Group, Inc. – ‘10-K’ for 12/31/23 – ‘EX-10.51’

On:  Wednesday, 2/14/24, at 4:02pm ET   ·   For:  12/31/23   ·   Accession #:  766421-24-12   ·   File #:  1-08957

Previous ‘10-K’:  ‘10-K’ on 2/13/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   19 References:   

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

 2/14/24  Alaska Air Group, Inc.            10-K       12/31/23  110:14M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.71M 
 2: EX-10.25    Material Contract                                   HTML     66K 
 3: EX-10.26    Material Contract                                   HTML     37K 
 4: EX-10.51    Material Contract                                   HTML     36K 
 5: EX-10.58    Material Contract                                   HTML    472K 
 6: EX-21       EX-21 Subsidiaries of Registrant                    HTML     31K 
 7: EX-23.1     EX-23.1 Consent of Independent Registered Public    HTML     29K 
                Accounting Firm (Kpmg LLP)                                       
12: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     42K 
                Awarded Compensation -- ex971-aagclawbackpolicy                  
 8: EX-31.1     EX-31.1 Certification of Chief Executive Officer    HTML     34K 
 9: EX-31.2     EX-31.2 Certification of Chief Financial Officer    HTML     34K 
10: EX-32.1     EX-32.1 Certification of Chief Executive Officer    HTML     30K 
11: EX-32.2     EX-32.2 Certification of Chief Financial Officer    HTML     30K 
18: R1          Cover                                               HTML    101K 
19: R2          Consolidated Statements of Operations               HTML    155K 
20: R3          Consolidated Balance Sheets                         HTML    185K 
21: R4          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
22: R5          Consolidated Statements of Comprehensive            HTML     62K 
                Operations                                                       
23: R6          Consolidated Statements of Shareholders' Equity     HTML     98K 
24: R7          Consolidated Statements of Cash Flows               HTML    117K 
25: R8          Consolidated Statements of Cash Flows               HTML     54K 
                (Parenthetical)                                                  
26: R9          General and Summary of Significant Accounting       HTML     62K 
27: R10         Fleet Transition                                    HTML     45K 
28: R11         Revenue From Contracts With Customers (Notes)       HTML     89K 
29: R12         Derivative Instruments                              HTML     50K 
30: R13         Long-Term Debt                                      HTML     54K 
31: R14         Employee Benefit Plans                              HTML    148K 
32: R15         Shareholder's Equity                                HTML     42K 
33: R16         Stock-Based Compensation Plans                      HTML    105K 
34: R17         Operating Segment Information                       HTML    200K 
35: R18         Earnings Per Share                                  HTML     32K 
36: R19         Business Combinations and Asset Acquisitions        HTML     32K 
37: R20         General and Summary of Significant Accounting       HTML    102K 
                Policies (Policies)                                              
38: R21         General and Summary of Significant Accounting       HTML     37K 
                Policies (Tables)                                                
39: R22         Revenue From Contracts With Customers (Tables)      HTML     68K 
40: R23         Derivative Instruments (Tables)                     HTML     49K 
41: R24         Fair Value Measurements (Tables)                    HTML     94K 
42: R25         Long-Term Debt (Tables)                             HTML     56K 
43: R26         Leases, Codification Topic 842 (Tables)             HTML     91K 
44: R27         Income Taxes (Tables)                               HTML    114K 
45: R28         Employee Benefit Plans (Tables)                     HTML    149K 
46: R29         Commitments and Contingencies Commitments and       HTML     41K 
                Contingencies (Tables)                                           
47: R30         Shareholder's Equity (Tables)                       HTML     64K 
48: R31         Accumulated Other Comprehensive Loss (Tables)       HTML     64K 
49: R32         Stock-Based Compensation Plans (Tables)             HTML    108K 
50: R33         Operating Segment Information (Tables)              HTML    194K 
51: R34         Earnings Per Share (Tables)                         HTML     66K 
52: R35         General and Summary of Significant Accounting       HTML     31K 
                Policies - Cash and Cash Equivalents (Details)                   
53: R36         General and Summary of Significant Accounting       HTML     33K 
                Policies - Inventories and Supplies - Net                        
                (Details)                                                        
54: R37         General and Summary of Significant Accounting       HTML     56K 
                Policies - Property, Equipment and Depreciation                  
                (Details)                                                        
55: R38         General and Summary of Significant Accounting       HTML     31K 
                Policies - Advertising Expenses (Details)                        
56: R39         General and Summary of Significant Accounting       HTML     41K 
                Policies General and Summary of Significant                      
                Accounting Policies - Stock-Based Compensation                   
                (Details)                                                        
57: R40         General and Summary of Significant Accounting       HTML     34K 
                Policies - Maintenance Deposits (Details)                        
58: R41         General and Summary of Significant Accounting       HTML     32K 
                Policies - Lease Return Provision (Details)                      
59: R42         Fleet Transition (Details)                          HTML     47K 
60: R43         Covid-19 Pandemic Narrative (Details)               HTML     46K 
61: R44         Revenue From Contracts With Customers (Details)     HTML     54K 
62: R45         Revenue From Contracts With Customers Contract      HTML     38K 
                Liabilities Activity (Details)                                   
63: R46         REVENUE FROM CONTRACTS WITH CUSTOMERS Narrative     HTML     49K 
                (Details)                                                        
64: R47         Derivative Instruments - Balance Sheet              HTML     53K 
                Classification (Details)                                         
65: R48         Derivative Instruments - Income Statement           HTML     50K 
                (Details)                                                        
66: R49         Derivative Instruments - Fair Value of Hedge        HTML     47K 
                Positions (Details)                                              
67: R50         Fair Value Measurements - Fair Value of Assets and  HTML    101K 
                Liabilities (Details)                                            
68: R51         Fair Value Measurements Fair Value Measurements -   HTML     67K 
                Cash, Cash Equivalents and Marketable Securities -               
                Maturities (Details)                                             
69: R52         Fair Value Measurements - Long-Term Debt (Details)  HTML     39K 
70: R53         Long-Term Debt - Schedule of Long-Term Debt         HTML    107K 
                (Details)                                                        
71: R54         Long-Term Debt Long-Term Debt - Secured Debt        HTML     44K 
                (Details)                                                        
72: R55         Long-Term Debt - Line of Credit (Details)           HTML     43K 
73: R56         Leases - Narrative (Details)                        HTML     72K 
74: R57         LEASES - Schedule of Leased Assets (Details)        HTML     50K 
75: R58         LEASES - Lease Cost (Details)                       HTML     54K 
76: R59         LEASES - Maturity of Lease Liabilities (Details)    HTML     65K 
77: R60         Income Taxes - Deferred Tax Assets and Liabilities  HTML     72K 
                (Details)                                                        
78: R61         Income Taxes - Components of Tax Expense (Details)  HTML     52K 
79: R62         Income Taxes - Effective Income Tax Reconciliation  HTML     64K 
                (Details)                                                        
80: R63         Income Taxes Income Taxes - Uncertain Tax           HTML     50K 
                Positions (Details)                                              
81: R64         Income Taxes Income Taxes Narrative (Details)       HTML     39K 
82: R65         Income Taxes New Accounting Standards (Details)     HTML     33K 
83: R66         Employee Benefit Plans Employee Benefit Plans -     HTML     34K 
                Additional Information (Details)                                 
84: R67         Employee Benefit Plans - Assumptions (Details)      HTML     50K 
85: R68         Employee Benefit Plans - Plan Assets (Details)      HTML     89K 
86: R69         Employee Benefit Plans - Funded Status (Details)    HTML     65K 
87: R70         Employee Benefit Plans - Amounts Recognized in      HTML     51K 
                Consolidated Balance Sheets (Details)                            
88: R71         Employee Benefit Plans - Expected Amortization      HTML     34K 
                From Aoci (Details)                                              
89: R72         Employee Benefit Plans - Net Pension Expense        HTML     51K 
                (Details)                                                        
90: R73         Employee Benefit Plans - Future Benefits Expected   HTML     46K 
                to Be Paid (Details)                                             
91: R74         Employee Benefit Plans Employee Benefit Plans -     HTML     33K 
                Postretirement Medical Benefits (Details)                        
92: R75         Employee Benefit Plans - Defined Contribution       HTML     31K 
                Plans (Details)                                                  
93: R76         Employee Benefit Plans - Pilot Long-Term            HTML     34K 
                Disability Benefits (Details)                                    
94: R77         Employee Benefit Plans - Employee Incentive-Pay     HTML     33K 
                Plans (Details)                                                  
95: R78         Employee Benefit Plans - Projected Benefit          HTML     38K 
                Obligation (Details)                                             
96: R79         Commitments and Contingencies Commitments and       HTML     89K 
                Contingencies (Details)                                          
97: R80         Shareholder's Equity Shareholders' Equity - Stock   HTML     33K 
                Changes (Details)                                                
98: R81         Shareholder's Equity - Common Stock Repurchase      HTML     44K 
                (Details)                                                        
99: R82         Shareholder's Equity Shareholders' Equity - Other   HTML     31K 
                (Details)                                                        
100: R83         Shareholder's Equity Shareholders' Equity -         HTML     39K  
                Accumulated Other Comprehensive Loss (Details)                   
101: R84         SHAREHOLDER'S EQUITY CARES Act Issuance (Details)   HTML     43K  
102: R85         Accumulated Other Comprehensive Loss (Details)      HTML     69K  
103: R86         Stock-Based Compensation Plans (Details)            HTML    178K  
104: R87         Operating Segment Information (Details)             HTML    242K  
105: R88         Business Combinations and Asset Acquisitions        HTML     33K  
                (Details)                                                        
107: XML         IDEA XML File -- Filing Summary                      XML    191K  
110: XML         XBRL Instance -- alk-20231231_htm                    XML   2.95M  
106: EXCEL       IDEA Workbook of Financial Report Info              XLSX    198K  
14: EX-101.CAL  XBRL Calculations -- alk-20231231_cal                XML    267K 
15: EX-101.DEF  XBRL Definitions -- alk-20231231_def                 XML   1.58M 
16: EX-101.LAB  XBRL Labels -- alk-20231231_lab                      XML   2.89M 
17: EX-101.PRE  XBRL Presentations -- alk-20231231_pre               XML   1.92M 
13: EX-101.SCH  XBRL Schema -- alk-20231231                          XSD    266K 
108: JSON        XBRL Instance as JSON Data -- MetaLinks              763±  1.16M  
109: ZIP         XBRL Zipped Folder -- 0000766421-24-000012-xbrl      Zip    816K  


‘EX-10.51’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  Document  
CERTAIN CONFIDENTIAL PORTIONS HAVE BEEN REDACTED FROM THIS EXHIBIT BECAUSE THEY ARE BOTH (i) NOT MATERIAL AND (ii) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT HAS BEEN OMITTED HAD BEEN IDENTIFIED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[***]”.

AMENDMENT No. 24 TO PURCHASE AGREEMENT COM0041-16


This Amendment No.24 [COM0518-23] (the "Amendment No.24") dated as of November 22, 2023 is between EMBRAER S.A., a corporation existing under the laws of Brazil, which address and principal place of business is at Avenida Brigadeiro Faria Lima, 2170, prédio F-100, Putim, in the city of São José dos Campos, State of São Paulo, Brazil (“Embraer”) and HORIZON AIR INDUSTRIES, INC. ("Buyer"), collectively referred to herein as the “Parties”, and constitutes an amendment and modification to Purchase Agreement COM0041-16 dated April 11th, 2016 as amended and assigned from time to time (the "Purchase Agreement").

All capitalized terms not otherwise defined herein shall have the same meaning when used herein as provided in the Purchase Agreement and in case of any conflict between this Amendment No. 24 and the Purchase Agreement, this Amendment No. 24 shall control.


WHEREAS, the Parties the Parties have agreed to modify certain items of the specific configuration for Aircraft [ * * * ] and on, as per PMC 012.

NOW, THEREFORE, for good and valuable consideration, which is hereby acknowledged by the Parties, Embraer and Buyer agree as follows:


1. CONFIGURATION CHANGES TO THE AIRCRAFT

1.a Buyer has requested, and Embraer has agreed to change the MTOW from [ * * * ] to [ * * * ] for Aircraft [ * * * ] and on, as per PMC 012 duly signed by Buyer on January 19, 2023.

1.b As a consequence of the above mentioned the Aircraft model should be converted from AR version to LR version.

1.c [ * * * ].

1.d [ * * * ].

2. ATTACHMENT CHANGE

As a result of the change referred to in Article 1 above, Attachment A to the Purchase Agreement are hereby deleted and replaced in their entirety by Attachments A to this Amendment No.24, which shall be deemed to be Attachment A for all purposes under the Purchase Agreement.

3. REINSTATEMENT OF PURCHASE AGREEMENT
All other provisions and conditions of the referenced Purchase Agreement, as well as its related Attachments and Letter Agreement, which are not specifically modified by this Amendment No. 24 shall remain in full force and effect without any change.



4. COUNTERPARTS
This Amendment No. 24 may be executed by the Parties hereto in any number of separate counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument and all of which when taken together shall constitute one and the same instrument. This Amendment No. 24 may be signed and exchanged by e-mail attaching a copy of the signed Amendment No. 24 in portable document format with originals to follow by an internationally recognized courier, as applicable.
[SIGNATURE PAGE FOLLOWS]
COM0518-23
Amendment No.24 to PA COM0041-16


IN WITNESS WHEREOF, Seller and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 24 to be effective as of the date first written above.



EMBRAER S.A.    HORIZON AIR INDUSTRIES, INC.
    


By: _______________________        By: ________________________

Name:                        Name:

Title:                        Title:



By:________________________         

Name:                        
Title:                        


Place: ______________________     Place: _____________________
                            




COM0518-23
Amendment No.24 to PA COM0041-16

Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/14/24None on these Dates
For Period end:12/31/23
11/22/23
1/19/23
 List all Filings 


19 Previous Filings that this Filing References

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

12/04/23  Alaska Air Group, Inc.            8-K:1,7,9  12/02/23   13:13M                                    Donnelley … Solutions/FA
11/02/23  Alaska Air Group, Inc.            10-Q        9/30/23   60:7.9M
 5/05/23  Alaska Air Group, Inc.            10-Q        3/31/23   58:7.1M
 2/13/23  Alaska Air Group, Inc.            10-K       12/31/22  104:15M
 8/02/22  Alaska Air Group, Inc.            10-Q        6/30/22   57:8.1M
 5/05/22  Alaska Air Group, Inc.            10-Q        3/31/22   58:6.8M
 2/11/22  Alaska Air Group, Inc.            10-K       12/31/21  141:15M
11/04/21  Alaska Air Group, Inc.            10-Q        9/30/21   62:9.1M
 8/03/21  Alaska Air Group, Inc.            10-Q        6/30/21   73:10M
 5/06/21  Alaska Air Group, Inc.            10-Q        3/31/21   61:7.1M
 2/26/21  Alaska Air Group, Inc.            10-K       12/31/20  121:17M
 2/12/20  Alaska Air Group, Inc.            10-K       12/31/19  111:17M
 5/04/18  Alaska Air Group, Inc.            10-Q        3/31/18   58:9.1M
 8/03/17  Alaska Air Group, Inc.            10-Q        6/30/17   57:9.5M
 5/18/16  Alaska Air Group, Inc.            8-K:5,9     5/12/16    2:221K
 5/09/16  Alaska Air Group, Inc.            10-Q        3/31/16   58:6.8M
 2/11/16  Alaska Air Group, Inc.            10-K       12/31/15   94:13M
 2/14/13  Alaska Air Group, Inc.            10-K       12/31/12   93:20M
 8/04/11  Alaska Air Group, Inc.            10-Q        6/30/11   65:8.9M
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Filing Submission 0000766421-24-000012   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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