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Delta Air Lines, Inc. – ‘10-Q’ for 6/30/17 – ‘EX-10.1(A)’

On:  Thursday, 7/13/17, at 5:06pm ET   ·   For:  6/30/17   ·   Accession #:  27904-17-13   ·   File #:  1-05424

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

 7/13/17  Delta Air Lines, Inc.             10-Q        6/30/17   70:6.9M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    864K 
 2: EX-10.1(A)  Material Contract                                   HTML     80K 
 3: EX-10.1(B)  Material Contract                                   HTML    170K 
 4: EX-10.2(A)  Material Contract                                   HTML     54K 
 5: EX-10.2(B)  Material Contract                                   HTML     86K 
 6: EX-10.3     Material Contract                                   HTML     21K 
 7: EX-10.4     Material Contract                                   HTML     28K 
 8: EX-15       Letter re: Unaudited Interim Financial Info         HTML     21K 
 9: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
10: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
11: EX-32       Certification -- §906 - SOA'02                      HTML     24K 
18: R1          Document and Entity Information                     HTML     39K 
19: R2          Consolidated Balance Sheets (Unaudited)             HTML    125K 
20: R3          Consolidated Balance Sheets (Unaudited)             HTML     44K 
                (Parentheticals)                                                 
21: R4          Condensed Consolidated Statements of Operations     HTML     96K 
                and Comprehensive Income (Unaudited)                             
22: R5          Condensed Consolidated Statements of Cash Flows     HTML     75K 
                (Unaudited)                                                      
23: R6          Summary of Significant Accounting Policies          HTML     37K 
24: R7          Fair Value Measurements                             HTML     73K 
25: R8          Investments                                         HTML     38K 
26: R9          Derivatives and Risk Management                     HTML    113K 
27: R10         Long-Term Debt                                      HTML     36K 
28: R11         Employee Benefit Plans                              HTML     57K 
29: R12         Commitments and Contingencies                       HTML     47K 
30: R13         Accumulated Other Comprehensive Loss                HTML     54K 
31: R14         Segments                                            HTML    126K 
32: R15         Restructuring                                       HTML     28K 
33: R16         Earnings Per Share                                  HTML     46K 
34: R17         Summary of Significant Accounting Policies          HTML     37K 
                (Policies)                                                       
35: R18         Fair Value Measurements (Tables)                    HTML     61K 
36: R19         Investments (Tables)                                HTML     27K 
37: R20         Derivatives and Risk Management (Tables)            HTML    101K 
38: R21         Long-Term Debt (Tables)                             HTML     30K 
39: R22         Employee Benefit Plans (Tables)                     HTML     55K 
40: R23         Commitments and Contingencies (Tables)              HTML     35K 
41: R24         Accumulated Other Comprehensive Loss (Tables)       HTML     50K 
42: R25         Segments (Tables)                                   HTML    120K 
43: R26         Restructuring (Tables)                              HTML     27K 
44: R27         Earnings Per Share (Tables)                         HTML     44K 
45: R28         Summary of Significant Accounting Policies          HTML     27K 
                (Details)                                                        
46: R29         Fair Value Measurements - Schedule of Fair Value    HTML     60K 
                Measurements on a Recurring Basis (Details)                      
47: R30         Fair Value Measurements (Narrative) (Details)       HTML     26K 
48: R31         Investments - Schedule of maturities for            HTML     32K 
                short-term investments (Details)                                 
49: R32         Investments (Narrative) (Details)                   HTML     45K 
50: R33         Derivatives and Risk Management (Narrative)         HTML     39K 
                (Details)                                                        
51: R34         Derivatives and Risk Management - Hedge Position    HTML     98K 
                (Details)                                                        
52: R35         Derivatives and Risk Management Derivatives and     HTML     39K 
                Risk Management - Offsetting Assets and                          
                Liabilities (Details)                                            
53: R36         Derivatives and Risk Management - Designated Hedge  HTML     27K 
                Gains (Losses) (Details)                                         
54: R37         Long-Term Debt - Schedule of Fair Values (Details)  HTML     31K 
55: R38         Long-Term Debt Long-Term Debt (Narratives)          HTML     37K 
                (Details)                                                        
56: R39         Employee Benefit Plans - Schedule of Benefit Plan   HTML     44K 
                Components (Details)                                             
57: R40         Commitments and Contingencies - Aircraft Purchase   HTML     38K 
                Commitments By Period (Details)                                  
58: R41         Commitments and Contingencies - Aircraft Purchase   HTML     33K 
                Commitments By Aircraft (Details)                                
59: R42         Commitments and Contingencies - Aircraft Purchase   HTML     36K 
                Commitment Activity (Details)                                    
60: R43         Commitments and Contingencies - Legal and Other     HTML     23K 
                Contingencies (Details)                                          
61: R44         Accumulated Other Comprehensive Loss - Schedule of  HTML     51K 
                AOCI Components (Details)                                        
62: R45         Segments (Narrative) (Details)                      HTML     26K 
63: R46         Segments - Schedule of Segment Reporting (Details)  HTML     54K 
64: R47         Restructuring - Schedule of Restructuring Charges   HTML     29K 
                (Details)                                                        
65: R48         Restructuring - Narrative (Details)                 HTML     23K 
66: R49         Earnings Per Share - Schedule of Computation for    HTML     41K 
                Earnings Per Share Types (Details)                               
68: XML         IDEA XML File -- Filing Summary                      XML    112K 
17: XML         XBRL Instance -- dal630201710q_htm                   XML   1.51M 
67: EXCEL       IDEA Workbook of Financial Reports                  XLSX     57K 
13: EX-101.CAL  XBRL Calculations -- dal-20170630_cal                XML    188K 
14: EX-101.DEF  XBRL Definitions -- dal-20170630_def                 XML    391K 
15: EX-101.LAB  XBRL Labels -- dal-20170630_lab                      XML   1.06M 
16: EX-101.PRE  XBRL Presentations -- dal-20170630_pre               XML    627K 
12: EX-101.SCH  XBRL Schema -- dal-20170630                          XSD    108K 
69: JSON        XBRL Instance as JSON Data -- MetaLinks              258±   380K 
70: ZIP         XBRL Zipped Folder -- 0000027904-17-000013-xbrl      Zip    239K

‘EX-10.1(A)’   —   Material Contract

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

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  Exhibit  
EXHIBIT 10.1(a)

AMENDMENT NO. 9

to

AIRBUS A321 AIRCRAFT AND A330 AIRCRAFT PURCHASE AGREEMENT

Dated as of September 3, 2013

between

AIRBUS S.A.S.

and

DELTA AIR LINES, INC.

This Amendment No. 9 (this “Amendment”), is dated as of May 10, 2017, by and between AIRBUS S.A.S organized and existing under the laws of the Republic of France, having its registered office located at 1 Rond Point Maurice Bellonte, 31707 Blagnac-Cedex, France (the “Seller”) and DELTA AIR LINES, INC., a corporation organized and existing under the state of Delaware, United States of America, having its corporate office located at 1050 Delta Boulevard, Atlanta, Georgia 30320, USA (the “Buyer”).

WHEREAS, the Buyer and the Seller entered into the Airbus A321 Aircraft and A330 Aircraft Purchase Agreement dated as of September 3, 2013, as amended, modified or supplemented from time to time (the “Agreement”), which covers the sale by the Seller and the purchase by the Buyer of eighty-two (82) A321 Aircraft and ten (10) A330 Aircraft;

WHEREAS, the Buyer wishes to purchase and the Seller agrees to sell thirty (30) additional A321 aircraft subject to the terms and condition contained herein; and

WHEREAS, the Buyer agrees that the [***], and

WHEREAS, the Buyer and the Seller wish to amend certain terms of the Agreement in consideration of the foregoing;

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.





CT1301535_AMD 9_DAL_A321_A330_EXECUTION 1
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.


1.
DEFINITIONS
1.1
Clause 0 of the Agreement is hereby amended to add the following term:
2017 A321 [***] – any or all of the [***] A321-200 model aircraft [***], to be purchased by the Buyer [***] Agreement.

2017 A321 Aircraft - any or all of the thirty (30) A321-200 model aircraft to be purchased by the Buyer pursuant to Amendment No. 9 to the Agreement bearing rank numbers 108 to 137 inclusive as set forth in Clause 9.1.1, together with all components, equipment, parts and accessories installed in or on such aircraft and the A321 Propulsion System installed thereon upon delivery.

Semester – either (i) the first six (6) months of any calendar year from and including January 1 to and including June 30, or (ii) the second six (6) months of any calendar year from and including July 1 to and including December 31.

Scheduled Delivery Semester – the anticipated Semester during which each Aircraft shall be Ready for Delivery.

A321 Aircraft- any or all of the 2013 A321 Aircraft, 2014 A321 Aircraft, 2016 A321 Aircraft, 2017 A321 Aircraft [***].

1.2
Clause 0 of the Agreement is hereby amended to replace the following terms:
Aircraft - any or all of the thirty (30) 2013 A321 Aircraft, ten (10) 2013 A330 Aircraft, fifteen (15) 2014 A321 Aircraft, thirty-seven (37) 2016 A321 Aircraft, thirty (30) 2017 A321 Aircraft and [***] 2017 A321 [***].

1.3
Clause 1 of the Agreement is hereby deleted in its entirety and is replaced with the following:
QUOTE
1.    SALE AND PURCHASE

The Seller shall sell and deliver, and the Buyer shall buy and take delivery of all thirty (30) 2013 A321 Aircraft, ten (10) 2013 A330 Aircraft, fifteen (15) 2014 A321 Aircraft, thirty-seven (37) 2016 A321 Aircraft, thirty (30) 2017 A321 Aircraft and [***] 2017 A321 [***].

UNQUOTE

CT1301535_AMD 9_DAL_A321_A330_EXECUTION 2
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.


2.
DELIVERY SCHEDULE
2.1
Clause 9.1.1 of the Agreement is hereby deleted in its entirety and is replaced with the following:
QUOTE

9.1.1
Subject to the provisions of the Agreement, the Seller shall have the Aircraft (including the 2017 A321 [***]) Ready for Delivery at the Delivery Location, and the Buyer shall accept the same, during the months (each a “Scheduled Delivery Month”), quarters (each, a “Scheduled Delivery Quarter”) and semesters (each, a “Scheduled Delivery Semester”) set forth in the table below:

CAC ID
Aircraft
Scheduled Delivery Month/Quarter/ Semester/Year
468257
2013 A330
May 2015
468258
2013 A330
June 2015
468259
2013 A330
July 2015
468260
2013 A330
November 2015
468261
2013 A330
January 2016
468268
2013 A321
February 2016
468269
2013 A321
March 2016
468270
2013 A321
April 2016
468262
2013 A330
April 2016
468271
2013 A321
May 2016
468263
2013 A330
May 2016
468264
2013 A330
May 2016
468272
2013 A321
June 2016
468273
2013 A321
June 2016
468274
2013 A321
July 2016
468267
2013 A321
July 2016
468275
2013 A321
August 2016
468276
2013 A321
August 2016
468277
2013 A321
September 2016
468278
2013 A321
October 2016
468279
2013 A321
November 2016
468280
2013 A321
December 2016
468281
2013 A321
December 2016
468282
2013 A321
January 2017
468283
2013 A321
February 2017
468284
2013 A321
March 2017
468265
2013 A330
January 2017
468285
2013 A321
April 2017

CT1301535_AMD 9_DAL_A321_A330_EXECUTION 3
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.


CAC ID
Aircraft
Scheduled Delivery Month/Quarter/ Semester/Year
468286
2013 A321
May 2017
468287
2013 A321
June 2017
468288
2013 A321
June 2017
468266
2013 A330
April 2017
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CT1301535_AMD 9_DAL_A321_A330_EXECUTION 4
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.


CAC ID
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Scheduled Delivery Month/Quarter/ Semester/Year
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CT1301535_AMD 9_DAL_A321_A330_EXECUTION 5
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.


CAC ID
Aircraft
Scheduled Delivery Month/Quarter/ Semester/Year
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9.1.1.2 [***]
(a)
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(b)
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9.1.1.3 [***]


CT1301535_AMD 9_DAL_A321_A330_EXECUTION 6
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.


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9.1.1.4 [***]

9.1.1.5 [***]

UNQUOTE

2.2
Clause 9.1.2 of the Agreement is deleted in its entirety and is replaced with the following:
QUOTE

9.1.2 Not later than [***] prior to the start of the relevant Scheduled Delivery Quarter or Scheduled Delivery Semester, as applicable, the Seller shall give the Buyer notice of the anticipated month within the Scheduled Delivery Quarter or Scheduled Delivery Semester, as applicable, during which each Aircraft shall be Ready for Delivery (the “Scheduled Delivery Month”) provided however that, except where (i) the Scheduled Delivery Months have already been notified to the Buyer as of the date hereof or (ii) agreed by the Parties in writing, no more than [***] shall be scheduled for Delivery pursuant to this Subclause 9.1.2, in any calendar month. Until such notice is issued by the Seller and for the purpose of this Agreement, the first quarter in each Scheduled Delivery Semester shall be deemed to be the Scheduled Delivery Quarter and the middle month of the Scheduled Delivery Quarter shall be deemed to be the Scheduled Delivery Month.
UNQUOTE


2.3
Letter Agreements
(i)
Letter Agreement No. 1 to the Agreement is deleted in its entirety and is replaced with the Amended and Restated Letter Agreement No. 1 dated as of the date hereof.
(ii)
Letter Agreement No. 2 to the Agreement is deleted in its entirety and is replaced with the Amended and Restated Letter Agreement No. 2 dated as of the date hereof.
(iii)
Letter Agreement No. 8 to the Agreement is deleted in its entirety and is replaced with Amended and Restated Letter Agreement No. 8 dated as of the date hereof.
(iv)
Letter Agreement No. 10 to the Agreement is deleted in its entirety and is replaced with Amended and Restated Letter Agreement No. 10 dated as of the date hereof.


CT1301535_AMD 9_DAL_A321_A330_EXECUTION 7
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.


3.
EFFECT OF THE AMENDMENT
(a)
the Agreement will be deemed amended to the extent herein provided, and, except as specifically amended hereby, will continue in full force and effect in accordance with its original terms,
(b)
this Amendment will supersede any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment, and
(c)
both Parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement and be governed by its provisions, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.
4.
CONFIDENTIALITY
This Amendment and its existence shall be treated by each Party as confidential subject to the terms and conditions of Clause 22.7 of the Agreement.

5.
GOVERNING LAW
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.

It is agreed that the United Nations convention on contracts for the international sale of goods will not apply to this amendment.

6.
ASSIGNMENT
This Amendment and the rights and obligations of the Parties will be subject to the provisions of Clause 19 of the Agreement.

7.
COUNTERPARTS
This Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed shall be an original, but all such counterparts shall together constitute one and the same instrument. Such counterparts may be delivered via facsimile and/or electronic mail (provided that an original is subsequently delivered).
 

CT1301535_AMD 9_DAL_A321_A330_EXECUTION 8
PRIVILEGED AND CONFIDENTIAL
[***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment.




IN WITNESS WHEREOF, the parties have caused this Amendment No. 9 to be signed by their duly authorizes officers thereunto as of the date first above written.


Very truly yours,

AIRBUS S.A.S.




By: /s/ Christophe Mourey
Title:    Senior Vice President Contracts

Accepted and Agreed

DELTA AIR LINES, INC.



By: /s/ Gregory A. May
Title:    Senior Vice President

    

CT1301535_AMD 9_DAL_A321_A330_EXECUTION    
PRIVILEGED AND CONFIDENTIAL

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:7/13/174,  8-K
For Period end:6/30/174,  8-K,  DEF 14A
5/10/17
9/3/13
 List all Filings 

4 Subsequent Filings that Reference this Filing

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

 2/12/24  Delta Air Lines, Inc.             10-K       12/31/23  113:14M
 2/10/23  Delta Air Lines, Inc.             10-K       12/31/22  114:16M
 2/11/22  Delta Air Lines, Inc.             10-K       12/31/21  113:16M
 2/12/21  Delta Air Lines, Inc.             10-K       12/31/20  122:17M
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