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Alaska Air Group, Inc. – ‘10-K’ for 12/31/21 – ‘EX-10.40’

On:  Friday, 2/11/22, at 4:01pm ET   ·   For:  12/31/21   ·   Accession #:  766421-22-9   ·   File #:  1-08957

Previous ‘10-K’:  ‘10-K’ on 2/26/21 for 12/31/20   ·   Next:  ‘10-K’ on 2/13/23 for 12/31/22   ·   Latest:  ‘10-K’ on 2/14/24 for 12/31/23   ·   15 References:   

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

 2/11/22  Alaska Air Group, Inc.            10-K       12/31/21  141:15M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Alk 10-K 12/31/2021                                 HTML   1.58M 
 8: EX-10.10    Material Contract                                   HTML     39K 
 9: EX-10.11    Material Contract                                   HTML     39K 
10: EX-10.13    Material Contract                                   HTML     39K 
11: EX-10.14    Material Contract                                   HTML     40K 
12: EX-10.15    Material Contract                                   HTML     39K 
13: EX-10.16    Material Contract                                   HTML     38K 
14: EX-10.17    Material Contract                                   HTML     39K 
15: EX-10.23    Material Contract                                   HTML     46K 
16: EX-10.24    Material Contract                                   HTML     43K 
17: EX-10.25    Material Contract                                   HTML     44K 
18: EX-10.26    Material Contract                                   HTML     48K 
19: EX-10.27    Material Contract                                   HTML     46K 
20: EX-10.28    Material Contract                                   HTML     43K 
21: EX-10.29    Material Contract                                   HTML     45K 
22: EX-10.30    Material Contract                                   HTML     43K 
23: EX-10.31    Material Contract                                   HTML     41K 
24: EX-10.32    Material Contract                                   HTML     40K 
25: EX-10.33    Material Contract                                   HTML     41K 
26: EX-10.34    Material Contract                                   HTML     46K 
27: EX-10.35    Material Contract                                   HTML     44K 
28: EX-10.36    Material Contract                                   HTML     40K 
29: EX-10.39    Material Contract                                   HTML     49K 
 2: EX-10.4     Material Contract                                   HTML     41K 
30: EX-10.40    Material Contract                                   HTML     51K 
31: EX-10.45    Material Contract                                   HTML     96K 
32: EX-10.49    Material Contract                                   HTML     47K 
 3: EX-10.5     Material Contract                                   HTML     42K 
33: EX-10.57    Material Contract                                   HTML     66K 
34: EX-10.58    Material Contract                                   HTML     68K 
35: EX-10.59    Material Contract                                   HTML     71K 
 4: EX-10.6     Material Contract                                   HTML     39K 
36: EX-10.60    Material Contract                                   HTML     68K 
 5: EX-10.7     Material Contract                                   HTML     39K 
 6: EX-10.8     Material Contract                                   HTML     39K 
 7: EX-10.9     Material Contract                                   HTML     40K 
37: EX-21       EX-21 Subsidiaries of Registrant                    HTML     36K 
38: EX-23.1     EX-23.1 Consent of Independent Registered Public    HTML     34K 
                Accounting Ifrm (Kpmg LLP)                                       
39: EX-31.1     EX-31.1 Certification of Chief Executive Officer    HTML     39K 
40: EX-31.2     EX-31.2 Certification of Chief Financial Officer    HTML     39K 
41: EX-32.1     EX-32.1 Certification of Chief Executive Officer    HTML     36K 
42: EX-32.2     EX-32.2 Certification of Chief Financial Officer    HTML     36K 
48: R1          Cover                                               HTML    104K 
49: R2          Consolidated Statements of Operations               HTML    162K 
50: R3          Consolidated Balance Sheets                         HTML    176K 
51: R4          Consolidated Balance Sheets (Parenthetical)         HTML     54K 
52: R5          Consolidated Statements of Comprehensive            HTML     94K 
                Operations                                                       
53: R6          Consolidated Statements of Shareholders' Equity     HTML    102K 
54: R7          Consolidated Statements of Cash Flows               HTML    125K 
55: R8          Consolidated Statements of Cash Flows               HTML     44K 
                (Parenthetical)                                                  
56: R9          General and Summary of Significant Accounting       HTML     70K 
57: R10         COVID-19 Pandemic                                   HTML     60K 
58: R11         Revenue From Contracts With Customers (Notes)       HTML     95K 
59: R12         Derivative Instruments                              HTML     56K 
60: R13         Fair Value Measurements                             HTML    103K 
61: R14         Long-Term Debt                                      HTML     59K 
62: R15         Leases, Codification Topic 842                      HTML     97K 
63: R16         Income Taxes                                        HTML    114K 
64: R17         Employee Benefit Plans                              HTML    153K 
65: R18         Commitments and Contingencies                       HTML     55K 
66: R19         Shareholder's Equity                                HTML     55K 
67: R20         Stock-Based Compensation Plans                      HTML    106K 
68: R21         Operating Segment Information                       HTML    193K 
69: R22         General and Summary of Significant Accounting       HTML    109K 
                Policies (Policies)                                              
70: R23         General and Summary of Significant Accounting       HTML     43K 
                Policies (Tables)                                                
71: R24         Covid-19 Pandemic (Tables)                          HTML     54K 
72: R25         Revenue From Contracts With Customers (Tables)      HTML     73K 
73: R26         Derivative Instruments (Tables)                     HTML     55K 
74: R27         Fair Value Measurements (Tables)                    HTML    100K 
75: R28         Long-Term Debt (Tables)                             HTML     60K 
76: R29         Leases, Codification Topic 842 (Tables)             HTML     93K 
77: R30         Income Taxes (Tables)                               HTML    114K 
78: R31         Employee Benefit Plans (Tables)                     HTML    155K 
79: R32         Commitments and Contingencies Commitments and       HTML     46K 
                Contingencies (Tables)                                           
80: R33         Shareholder's Equity (Tables)                       HTML     52K 
81: R34         Stock-Based Compensation Plans (Tables)             HTML    112K 
82: R35         Operating Segment Information (Tables)              HTML    187K 
83: R36         General and Summary of Significant Accounting       HTML     36K 
                Policies - Cash and Cash Equivalents (Details)                   
84: R37         General and Summary of Significant Accounting       HTML     38K 
                Policies - Inventories and Supplies - Net                        
                (Details)                                                        
85: R38         General and Summary of Significant Accounting       HTML     63K 
                Policies - Property, Equipment and Depreciation                  
                (Details)                                                        
86: R39         General and Summary of Significant Accounting       HTML     36K 
                Policies - Advertising Expenses (Details)                        
87: R40         General and Summary of Significant Accounting       HTML     38K 
                Policies General and Summary of Significant                      
                Accounting Policies - Stock-Based Compensation                   
                (Details)                                                        
88: R41         General and Summary of Significant Accounting       HTML     39K 
                Policies - Maintenance Deposits (Details)                        
89: R42         General and Summary of Significant Accounting       HTML     37K 
                Policies - Lease Return Provision (Details)                      
90: R43         Covid-19 Pandemic (Details)                         HTML     36K 
91: R44         Covid-19 Pandemic Narrative (Details)               HTML     95K 
92: R45         Revenue From Contracts With Customers (Details)     HTML     57K 
93: R46         Revenue From Contracts With Customers Contract      HTML     44K 
                Liabilities Activity (Details)                                   
94: R47         REVENUE FROM CONTRACTS WITH CUSTOMERS Narrative     HTML     56K 
                (Details)                                                        
95: R48         Derivative Instruments - Balance Sheet              HTML     62K 
                Classification (Details)                                         
96: R49         Derivative Instruments - Income Statement           HTML     57K 
                (Details)                                                        
97: R50         Derivative Instruments - Fair Value of Hedge        HTML     52K 
                Positions (Details)                                              
98: R51         Fair Value Measurements - Fair Value of Assets and  HTML     94K 
                Liabilities (Details)                                            
99: R52         Fair Value Measurements Fair Value Measurements -   HTML     36K 
                Cash, Cash Equivalents and Marketable Securities                 
                (Details)                                                        
100: R53         Fair Value Measurements Fair Value Measurements -   HTML     62K  
                Cash, Cash Equivalents and Marketable Securities -               
                Maturities (Details)                                             
101: R54         Fair Value Measurements - Long-Term Debt (Details)  HTML     44K  
102: R55         Long-Term Debt - Schedule of Long-Term Debt         HTML    103K  
                (Details)                                                        
103: R56         Long-Term Debt Long-Term Debt - Secured Debt        HTML     46K  
                (Details)                                                        
104: R57         Long-Term Debt - Line of Credit (Details)           HTML     55K  
105: R58         Leases - Narrative (Details)                        HTML     71K  
106: R59         LEASES - Schedule of Leased Assets (Details)        HTML     55K  
107: R60         LEASES - Lease Cost (Details)                       HTML     59K  
108: R61         LEASES - Maturity of Lease Liabilities (Details)    HTML     70K  
109: R62         Income Taxes - Deferred Tax Assets and Liabilities  HTML     78K  
                (Details)                                                        
110: R63         Income Taxes - Components of Tax Expense (Details)  HTML     57K  
111: R64         Income Taxes - Effective Income Tax Reconciliation  HTML     63K  
                (Details)                                                        
112: R65         Income Taxes Income Taxes - Uncertain Tax           HTML     58K  
                Positions (Details)                                              
113: R66         Income Taxes Income Taxes Narrative (Details)       HTML     41K  
114: R67         Income Taxes New Accounting Standards (Details)     HTML     38K  
115: R68         Employee Benefit Plans Employee Benefit Plans -     HTML     39K  
                Additional Information (Details)                                 
116: R69         Employee Benefit Plans - Assumptions (Details)      HTML     55K  
117: R70         Employee Benefit Plans - Plan Assets (Details)      HTML     94K  
118: R71         Employee Benefit Plans - Funded Status (Details)    HTML     74K  
119: R72         Employee Benefit Plans - Amounts Recognized in      HTML     56K  
                Consolidated Balance Sheets (Details)                            
120: R73         Employee Benefit Plans - Expected Amortization      HTML     39K  
                From Aoci (Details)                                              
121: R74         Employee Benefit Plans - Net Pension Expense        HTML     58K  
                (Details)                                                        
122: R75         Employee Benefit Plans - Future Benefits Expected   HTML     48K  
                to Be Paid (Details)                                             
123: R76         Employee Benefit Plans Employee Benefit Plans -     HTML     38K  
                Postretirement Medical Benefits (Details)                        
124: R77         Employee Benefit Plans - Defined Contribution       HTML     36K  
                Plans (Details)                                                  
125: R78         Employee Benefit Plans - Pilot Long-Term            HTML     39K  
                Disability Benefits (Details)                                    
126: R79         Employee Benefit Plans - Employee Incentive-Pay     HTML     38K  
                Plans (Details)                                                  
127: R80         Employee Benefit Plans - Projected Benefit          HTML     43K  
                Obligation (Details)                                             
128: R81         Commitments and Contingencies Commitments and       HTML    101K  
                Contingencies (Details)                                          
129: R82         Shareholder's Equity Shareholders' Equity - Stock   HTML     38K  
                Changes (Details)                                                
130: R83         Shareholder's Equity Shareholders' Equity -         HTML     36K  
                Dividends (Details)                                              
131: R84         Shareholder's Equity - Common Stock Repurchase      HTML     46K  
                (Details)                                                        
132: R85         Shareholder's Equity Shareholders' Equity - Other   HTML     36K  
                (Details)                                                        
133: R86         Shareholder's Equity Shareholders' Equity -         HTML     46K  
                Accumulated Other Comprehensive Loss (Details)                   
134: R87         SHAREHOLDER'S EQUITY CARES Act Issuance (Details)   HTML     55K  
135: R88         Stock-Based Compensation Plans (Details)            HTML    176K  
136: R89         Operating Segment Information (Details)             HTML    243K  
139: XML         IDEA XML File -- Filing Summary                      XML    207K  
137: XML         XBRL Instance -- alk-20211231_htm                    XML   3.75M  
138: EXCEL       IDEA Workbook of Financial Reports                  XLSX    146K  
44: EX-101.CAL  XBRL Calculations -- alk-20211231_cal                XML    275K 
45: EX-101.DEF  XBRL Definitions -- alk-20211231_def                 XML   1.46M 
46: EX-101.LAB  XBRL Labels -- alk-20211231_lab                      XML   2.65M 
47: EX-101.PRE  XBRL Presentations -- alk-20211231_pre               XML   1.77M 
43: EX-101.SCH  XBRL Schema -- alk-20211231                          XSD    234K 
140: JSON        XBRL Instance as JSON Data -- MetaLinks              622±   910K  
141: ZIP         XBRL Zipped Folder -- 0000766421-22-000009-xbrl      Zip    753K  


‘EX-10.40’   —   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. 18 TO PURCHASE AGREEMENT COM0041-16

This Amendment No.18 [COM0515-21] (the "Amendment No.18") dated as of November 16, 2021 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”); YABORÃ INDÚSTRIA AERONÁUTICA S.A., a corporation existing under the laws of Brazil, with office at Avenida Brigadeiro Faria Lima, 2170, in the City of São José dos Campos, State of São Paulo, Brazil ("Embraer Commercial") 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").

Embraer and Embraer Commercial are referred collectively as “Seller”.

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. 18 and the Purchase Agreement, this Amendment No. 18 shall control.

WHEREAS, Buyer and Seller executed the Amendment No.17 on November 16, 2021 to the Purchase Agreement to reflect the agreement related to the transfer of five (5) delivery positions held by Buyer to Skywest, Inc. (“Skywest”).

WHEREAS, Buyer and Seller have agreed to reinstate five (5) Firm Aircraft into the Purchase Agreement according to the terms and conditions stated hereinafter.

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

1. SUBJECT
    
Buyer has requested and Seller has agreed to reinstate five (5) Firm Aircraft into the Purchase Agreement. As a result of such order increase, Article 2 of the Purchase Agreement is hereby deleted and replaced as follows:

“Subject to the terms and conditions of this Agreement:
2.1 Seller shall sell and deliver and Buyer shall purchase and take delivery of thirty five (35) Firm Aircraft and seven (7) Confirmed Option Aircraft;
2.2 Seller shall provide to Buyer the Services and the Technical Publications as described in Attachment “B” to this Agreement; and
2.3 Buyer shall have the option to purchase up to twenty-one (21) Option Aircraft, in accordance with Article 21.”



AMENDMENT No. 18 TO PURCHASE AGREEMENT COM0041-16


2. ATTACHMENT CHANGE
As a result of the change referred to in Article 1 of this Amendment No. 18, Attachment E to the Purchase Agreement is hereby deleted and replaced in its entirety by Attachment E to this Amendment No. 18, which shall be deemed to be Attachment E for all purposes under the Purchase Agreement.

3. PAYMENT RELOCATION

[***]

4. EFFECTIVINESS OF AMENDMENT No.18

This Amendment No.18 shall become effective subject to Skywest receiving a written notice of termination from Buyer, with copy to Seller, on or before January 15th, 2022 in regards to the termination under the CPA between Buyer and Skywest of five (5) aircraft, in which case the five (5) delivery slots previously terminated shall be reinstated in the Purchase Agreement with the deliveries in October/2022, October/ 2022, November/ 2022, March/ 2023 and April/ 2023.

If such written notice is not provided by 11:59 pm (Eastern Time) on January 15th, 2022, then this Amendment No. 18 shall not be effective and be considered null and void, and of no force and effect.
For avoidance of doubt, Seller’s and Buyer’s rights and obligations under the current Purchase Agreement shall continue to be in full force and effect, with no changes until the effectiveness of this Amendment No.18, if it is the case.
5. 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. 18 shall remain in full force and effect without any change.
6. COUNTERPARTS
This Amendment No. 18 may be signed 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. 18 may be signed by facsimile with originals duly signed to follow by an internationally recognized courier.


[SIGNATURE PAGE FOLLOWS]

COM0515-21                                         Page 2 of 3
Amendment No.18 to PA COM0041-16


AMENDMENT No. 18 TO PURCHASE AGREEMENT COM0041-16



IN WITNESS WHEREOF, Seller and Buyer, by their duly authorized officers, have entered into and executed this Amendment No. 18 to be effective according to the terms and conditions stated in Article 4 of this Amendment No.18.


EMBRAER S.A.    HORIZON AIR INDUSTRIES, INC.
    


By: _______________________        By: ________________________

Name:                        Name:

Title:                        Title:



By:________________________         

Name:                            
Title:                        


Place: ______________________     Place: _____________________
                            


YABORÃ INDÚSTRIA
AERONÁUTICA S.A.    


By: _______________________        

Name:                        

Title:                        
    


By: _______________________        

Name:                
        
COM0515-21                                         Page 3 of 3
Amendment No.18 to PA COM0041-16


AMENDMENT No. 18 TO PURCHASE AGREEMENT COM0041-16


Title:        


Place: ______________________    
COM0515-21                                         Page 4 of 3
Amendment No.18 to PA COM0041-16

ATTACHMENT “E”
AIRCRAFT DELIVERY SCHEDULE


1.Firm and Confirmed Option Aircraft Delivery Schedule (ref. Purchase Agreement, Article 5)
[***]


















































Attachment “E” to Purchase Agreement COM0041-16 Page 1 of 2
Amendment No 18 (COM0515-21)

ATTACHMENT “E”
AIRCRAFT DELIVERY SCHEDULE

2.Option Aircraft Delivery Schedule (ref. Purchase Agreement, Article 21)

[***]
Attachment “E” to Purchase Agreement COM0041-16 Page 2 of 2
Amendment No 18 (COM0515-21)

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/11/22
For Period end:12/31/215
11/16/21
 List all Filings 


3 Subsequent Filings that Reference this Filing

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

 2/14/24  Alaska Air Group, Inc.            10-K       12/31/23  110:14M
 2/13/23  Alaska Air Group, Inc.            10-K       12/31/22  104:15M
 8/03/22  Alaska Air Group, Inc.            S-8         8/03/22    4:78K                                    Donnelley … Solutions/FA


12 Previous Filings that this Filing References

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

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 0000766421-22-000009   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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