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United Airlines Holdings, Inc., et al. – ‘10-Q’ for 6/30/21 – ‘EX-10.3’

On:  Wednesday, 7/21/21, at 6:54pm ET   ·   As of:  7/22/21   ·   For:  6/30/21   ·   Accession #:  100517-21-55   ·   File #s:  1-06033, 1-10323

Previous ‘10-Q’:  ‘10-Q’ on 4/22/21 for 3/31/21   ·   Next:  ‘10-Q’ on 10/20/21 for 9/30/21   ·   Latest:  ‘10-Q’ on 4/17/24 for 3/31/24   ·   6 References:   

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

 7/22/21  United Airlines Holdings, Inc.    10-Q        6/30/21   81:15M
          United Airlines, Inc.

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.30M 
 2: EX-10.1     Material Contract                                   HTML    221K 
11: EX-10.10    Material Contract                                   HTML    248K 
12: EX-10.11    Material Contract                                   HTML    405K 
13: EX-10.16    Material Contract                                   HTML     77K 
14: EX-10.17    Material Contract                                   HTML     60K 
 3: EX-10.2     Material Contract                                   HTML    580K 
 4: EX-10.3     Material Contract                                   HTML     36K 
 5: EX-10.4     Material Contract                                   HTML    123K 
 6: EX-10.5     Material Contract                                   HTML    408K 
 7: EX-10.6     Material Contract                                   HTML    165K 
 8: EX-10.7     Material Contract                                   HTML    195K 
 9: EX-10.8     Material Contract                                   HTML     98K 
10: EX-10.9     Material Contract                                   HTML     90K 
15: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
16: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
17: EX-31.3     Certification -- §302 - SOA'02                      HTML     26K 
18: EX-31.4     Certification -- §302 - SOA'02                      HTML     26K 
19: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
20: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
27: R1          Cover Page                                          HTML     88K 
28: R2          Statements of Consolidated Operations (Unaudited)   HTML    126K 
29: R3          Statements of Consolidated Comprehensive Income     HTML     52K 
                (Loss) (Unaudited)                                               
30: R4          Consolidated Balance Sheets (Unaudited)             HTML    194K 
31: R5          Consolidated Balance Sheets (Unaudited)             HTML     44K 
                (Parenthetical)                                                  
32: R6          Condensed Statements of Consolidated Cash Flows     HTML     98K 
                (Unaudited)                                                      
33: R7          Condensed Statements of Consolidated Cash Flows     HTML     53K 
                (Unaudited) (Parenthetical)                                      
34: R8          Statements of Consolidated Stockholders' Equity     HTML    118K 
                (Unaudited)                                                      
35: R9          Combined Notes to the Financial Statements          HTML     39K 
                (Unaudited)                                                      
36: R10         Revenue                                             HTML     59K 
37: R11         Loss Per Share                                      HTML     51K 
38: R12         Accumulated Other Comprehensive Income (Loss)       HTML     68K 
39: R13         Income Taxes                                        HTML     27K 
40: R14         Employee Benefit Plans                              HTML     87K 
41: R15         Financial Instruments and Fair Value Measurements   HTML     88K 
42: R16         Commitments and Contingencies                       HTML     61K 
43: R17         Debt                                                HTML     45K 
44: R18         Special Charges (Credits)                           HTML     65K 
45: R19         Financial Instruments and Fair Value Measurements   HTML     28K 
                (Policies)                                                       
46: R20         Revenue (Tables)                                    HTML     53K 
47: R21         Loss Per Share (Tables)                             HTML     49K 
48: R22         Accumulated Other Comprehensive Income (Loss)       HTML     67K 
                (Tables)                                                         
49: R23         Employee Benefit Plans (Tables)                     HTML     83K 
50: R24         Financial Instruments and Fair Value Measurements   HTML     75K 
                (Tables)                                                         
51: R25         Commitments and Contingencies (Tables)              HTML     51K 
52: R26         Debt (Tables)                                       HTML     37K 
53: R27         Special Charges (Credits) (Tables)                  HTML     53K 
54: R28         Combined Notes to the Financial Statements          HTML    119K 
                (Unaudited) (Details)                                            
55: R29         Revenue - Operating Revenue by Geographic Region    HTML     37K 
                (Details)                                                        
56: R30         Revenue - Narrative (Details)                       HTML     43K 
57: R31         Revenue - Roll Forward of Frequent Flyer Deferred   HTML     32K 
                Revenue (Details)                                                
58: R32         Loss Per Share - Computation of Basic and Diluted   HTML     50K 
                Earnings Per Share (Details)                                     
59: R33         Loss Per Share - Narrative (Details)                HTML     61K 
60: R34         Loss Per Share - Summary of Warrants Outstanding    HTML     44K 
                (Details)                                                        
61: R35         Accumulated Other Comprehensive Income (Loss) -     HTML     58K 
                Components of Accumulated Other Comprehensive                    
                Income, Net of Tax (Details)                                     
62: R36         Income Taxes (Details)                              HTML     27K 
63: R37         Employee Benefit Plans - Components of Net          HTML     57K 
                Periodic Benefit Cost (Details)                                  
64: R38         Employee Benefit Plans - Narrative (Details)        HTML     62K 
65: R39         Employee Benefit Plans - Information Related to     HTML     27K 
                Share-Based Compensation (Details)                               
66: R40         Financial Instruments and Fair Value Measurements   HTML     66K 
                - Financial Assets and Liabilities Measured at                   
                Fair Value on Recurring Basis (Details)                          
67: R41         Financial Instruments and Fair Value Measurements   HTML     96K 
                - Narrative (Details)                                            
68: R42         Financial Instruments and Fair Value Measurements   HTML     38K 
                - Carrying Values and Estimated Fair Values of                   
                Financial Instruments (Details)                                  
69: R43         Commitments and Contingencies - Firm Commitments    HTML     50K 
                and Options to Purchase Aircraft (Details)                       
70: R44         Commitments and Contingencies - Narrative           HTML     86K 
                (Details)                                                        
71: R45         Commitments and Contingencies - Summary of          HTML     43K 
                Commitments (Details)                                            
72: R46         Debt - Narrative (Details)                          HTML     86K 
73: R47         Debt - Details of Pass Through Trusts (Details)     HTML     38K 
74: R48         Debt - Contractual Principal Payments (Details)     HTML     42K 
75: R49         Special Charges (Credits) - Components of Special   HTML     49K 
                Charges (Details)                                                
76: R50         Special Charges (Credits) - Narrative (Details)     HTML    121K 
77: R9999       Uncategorized Items - ual-20210630.htm              HTML     42K 
79: XML         IDEA XML File -- Filing Summary                      XML    123K 
26: XML         XBRL Instance -- ual-20210630_htm                    XML   2.50M 
78: EXCEL       IDEA Workbook of Financial Reports                  XLSX     90K 
22: EX-101.CAL  XBRL Calculations -- ual-20210630_cal                XML    202K 
23: EX-101.DEF  XBRL Definitions -- ual-20210630_def                 XML    992K 
24: EX-101.LAB  XBRL Labels -- ual-20210630_lab                      XML   1.69M 
25: EX-101.PRE  XBRL Presentations -- ual-20210630_pre               XML   1.08M 
21: EX-101.SCH  XBRL Schema -- ual-20210630                          XSD    179K 
80: JSON        XBRL Instance as JSON Data -- MetaLinks              420±   601K 
81: ZIP         XBRL Zipped Folder -- 0000100517-21-000055-xbrl      Zip    765K 


‘EX-10.3’   —   Material Contract


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



 

Exhibit 10.3

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT
BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY
HARMFUL IF PUBLICLY DISCLOSED. OMITTED INFORMATION HAS BEEN
REPLACED WITH ASTERISKS.

 

AMENDMENT NO. 1

 

TO THE A320 FAMILY PURCHASE AGREEMENT

 

dated as of December 3, 2019

 

between

 

AIRBUS S.A.S.

 

and

 

UNITED AIRLINES, INC.

 

This Amendment No. 1 to the A320 Family Purchase Agreement, between Airbus S.A.S. and United Airlines, Inc. (this “Amendment No. 1”), dated as of December 3, 2020,

 

WITNESSETH:

 

WHEREAS, the Buyer and the Seller entered into the A320 Family Purchase Agreement, dated as of December 3, 2019, (as amended, supplemented or otherwise modified, the “Agreement”); and

 

WHEREAS, the Buyer and the Seller have agreed to amend certain terms of the Agreement as set forth herein;

 

NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

 

1.DEFINITIONS

 

  Capitalized terms used herein and not otherwise expressly defined in this Amendment No. 1 shall have the meanings assigned thereto in the Agreement. The terms “herein”, “hereof”, and “hereunder” and words of similar import refer to this Amendment No. 1.

 

2.DELIVERY SCHEDULE

 

2.1Pursuant to Clause 9.1.2 of the Agreement, the following Aircraft are *** as set forth below:

 

Aircraft Rank *** ***
*** *** ***

 

 C: 

 

 

2.2Clause 9.1.1 of the Agreement is amended and restated to read in its entirety as follows:

 

  “9.1.1       Except as otherwise provided in this Agreement, the Seller shall have the Aircraft Ready for Delivery at the Delivery Location as follows:

 

AIRCRAFT DELIVERY PERIOD
******

 

The calendar *** set forth opposite each Aircraft in the foregoing table shall be the scheduled delivery *** with respect to such Aircraft (each, a Scheduled Delivery ***”).

 

The Seller shall notify the Buyer of the delivery month (the “Scheduled Delivery ***”) for each Aircraft no later than *** prior to the first day of the Scheduled Delivery *** for such Aircraft.”

 

3.***

 

CT2009054 – A320 Family Purchase Agreement – Amendment No. 1 – Execution Version PROPRIETARY AND CONFIDENTIAL

AM1-2

 

 C: 

 

 

4.                   EFFECT OF THE AMENDMENT

 

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. This Amendment No. 1 supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment No. 1.

 

Both parties agree that this Amendment No. 1 will constitute an integral, non-severable part of the Agreement, that the provisions of the Agreement are hereby incorporated herein by reference, and that this Amendment No. 1 will be governed by the provisions of the Agreement, except that if the Agreement and this Amendment No. 1 have specific provisions that are inconsistent, the specific provisions contained in this Amendment No. 1 will govern.

 

5.ASSIGNMENT

 

This Amendment No. 1 and the rights and obligations of the parties hereunder will be subject to the provisions of Clause 21 of the Agreement.

 

CT2009054 – A320 Family Purchase Agreement – Amendment No. 1 – Execution Version PROPRIETARY AND CONFIDENTIAL AM1-3

 

 C: 

 

 

6.CONFIDENTIALITY

 

This Amendment No. 1 is subject to the terms and conditions of Clause 22.10 of the Agreement.

 

7.GOVERNING LAW

 

The governing law of this Amendment no. 1 shall be as set forth in Clause 22.6 of the Agreement.

 

8.COUNTERPARTS

 

This Amendment No. 1 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.

 

CT2009054 – A320 Family Purchase Agreement – Amendment No. 1 – Execution Version PROPRIETARY AND CONFIDENTIAL AM1-4

 

 C: 

 

 

IN WITNESS WHEREOF, the Buyer and the Seller have caused this Amendment No. 1 to be executed and delivered by their respective officers thereunto duly authorized as of the day and year first above written.

 

UNITED AIRLINES, INC.    
     
By: /s/ Gerald Laderman  
  Its: Executive Vice President and Chief Financial Officer    
       
AIRBUS S.A.S.    

 

By: /s/ Benoît de Saint-Exupéry   Its: Senior Vice President, Contracts

 

CT2009054 – A320 Family Purchase Agreement – Amendment No. 1 – Execution Version PROPRIETARY AND CONFIDENTIAL AM1-5

 

 C: 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed as of:7/22/21
Filed on:7/21/21
For Period end:6/30/214,  424B5,  8-K
12/3/20
12/3/198-K,  8-K/A
 List all Filings 


3 Subsequent Filings that Reference this Filing

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

 2/29/24  United Airlines Holdings, Inc.    10-K       12/31/23  120:18M
 2/16/23  United Airlines Holdings, Inc.    10-K       12/31/22  131:23M
 2/18/22  United Airlines Holdings, Inc.    10-K       12/31/21  115:17M


3 Previous Filings that this Filing References

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

 5/28/21  United Airlines Holdings, Inc.    8-K:5,9     5/26/21   12:437K                                   Toppan Merrill/FA
 4/30/21  United Airlines Holdings, Inc.    8-K:1,2,3,9 4/29/21   14:886K                                   Toppan Merrill/FA
 4/22/21  United Airlines Holdings, Inc.    8-K:1,2,9   4/21/21   14:3.6M                                   Toppan Merrill/FA
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Filing Submission 0000100517-21-000055   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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