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Alaska Air Group, Inc. – ‘10-Q’ for 3/31/21 – ‘EX-10.1’

On:  Thursday, 5/6/21, at 4:02pm ET   ·   For:  3/31/21   ·   Accession #:  766421-21-41   ·   File #:  1-08957

Previous ‘10-Q’:  ‘10-Q’ on 11/5/20 for 9/30/20   ·   Next:  ‘10-Q’ on 8/3/21 for 6/30/21   ·   Latest:  ‘10-Q’ on 5/3/24 for 3/31/24   ·   7 References:   

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

 5/06/21  Alaska Air Group, Inc.            10-Q        3/31/21   61:7.1M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Alk 10Q Q1 2021                                     HTML    778K 
 2: EX-10.1     Material Contract                                   HTML     29K 
 3: EX-31.1     Certification of Chief Executive Officer            HTML     22K 
 4: EX-31.2     Certification of Chief Financial Officer            HTML     22K 
 5: EX-32.1     Certification of Chief Executive Officer            HTML     19K 
 6: EX-32.2     Certification of Chief Financial Officer            HTML     19K 
13: R1          Cover                                               HTML     70K 
14: R2          Condensed Consolidated Balance Sheets               HTML    144K 
15: R3          Condensed Consolidated Balance Sheets               HTML     34K 
                (Parentheticals)                                                 
16: R4          Condensed Consolidated Statements of Operations     HTML    126K 
17: R5          Condensed Consolidated Statements of Comprehensive  HTML     73K 
                Operations                                                       
18: R6          CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS    HTML     70K 
                EQUITY Statement                                                 
19: R7          Condensed Consolidated Statements of Cash Flows     HTML    103K 
20: R8          Condensed Consolidated Statements of Cash Flows     HTML     27K 
                (Parenthetical)                                                  
21: R9          General and Summary of Significant Accounting       HTML     21K 
                Policies                                                         
22: R10         COVID-19 Pandemic                                   HTML     43K 
23: R11         Revenue From Contracts With Customers               HTML     58K 
24: R12         Fair Value Measurements                             HTML     88K 
25: R13         Long-Term Debt                                      HTML     44K 
26: R14         Employee Benefit Plans                              HTML     34K 
27: R15         Commitments                                         HTML     38K 
28: R16         Shareholders' Equity                                HTML     35K 
29: R17         Operating Segment Information                       HTML    141K 
30: R18         General and Summary of Significant Accounting       HTML     21K 
                Policies (Policies)                                              
31: R19         Covid-19 Pandemic (Tables)                          HTML     38K 
32: R20         Revenue From Contracts With Customers (Tables)      HTML     52K 
33: R21         Fair Value Measurements (Tables)                    HTML     82K 
34: R22         Long-Term Debt (Tables)                             HTML     43K 
35: R23         Employee Benefit Plans (Tables)                     HTML     30K 
36: R24         Commitments (Tables)                                HTML     32K 
37: R25         Shareholders' Equity (Tables)                       HTML     35K 
38: R26         Operating Segment Information (Tables)              HTML    161K 
39: R27         COVID-19 Pandemic, CARES Funding (Details)          HTML     44K 
40: R28         Covid-19 Pandemic (Details)                         HTML     26K 
41: R29         REVENUE FROM CONTRACTS WITH CUSTOMERS -             HTML     45K 
                Disaggregation of Revenue (Details)                              
42: R30         REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative   HTML     33K 
                (Details)                                                        
43: R31         REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract    HTML     29K 
                Liabilities Activity (Details)                                   
44: R32         Fair Value Measurements - Fair Value of Assets and  HTML     75K 
                Liabilities (Details)                                            
45: R33         Fair Value Measurements - Maturities for            HTML     36K 
                Marketable Securities (Details)                                  
46: R34         Fair Value Measurements - Long-Term Debt (Details)  HTML     25K 
47: R35         Long-Term Debt - Schedule of Long-Term Debt         HTML    111K 
                (Details)                                                        
48: R36         Long-Term Debt Long-Term Debt - Future Payments     HTML     35K 
                (Details)                                                        
49: R37         Long-Term Debt - Line of Credit (Details)           HTML     45K 
50: R38         Employee Benefit Plans - Net Pension Expense        HTML     38K 
                (Details)                                                        
51: R39         Commitments (Details)                               HTML     60K 
52: R40         Shareholders' Equity, Cash Dividend (Details)       HTML     21K 
53: R41         Shareholders' Equity, Common Stock Repurchase       HTML     28K 
                (Details)                                                        
54: R42         Shareholders' Equity, Accumulated Other             HTML     30K 
                Comprehensive Loss (Details)                                     
55: R43         Shareholders' Equity , Warrant Activity (Details)   HTML     38K 
56: R44         Operating Segment Information (Details)             HTML    125K 
57: R45         Operating Segment Information, Assets (Details)     HTML     25K 
59: XML         IDEA XML File -- Filing Summary                      XML    102K 
12: XML         XBRL Instance -- alk-20210331_htm                    XML   1.79M 
58: EXCEL       IDEA Workbook of Financial Reports                  XLSX     70K 
 8: EX-101.CAL  XBRL Calculations -- alk-20210331_cal                XML    247K 
 9: EX-101.DEF  XBRL Definitions -- alk-20210331_def                 XML    567K 
10: EX-101.LAB  XBRL Labels -- alk-20210331_lab                      XML   1.38M 
11: EX-101.PRE  XBRL Presentations -- alk-20210331_pre               XML    822K 
 7: EX-101.SCH  XBRL Schema -- alk-20210331                          XSD    125K 
60: JSON        XBRL Instance as JSON Data -- MetaLinks              345±   484K 
61: ZIP         XBRL Zipped Folder -- 0000766421-21-000041-xbrl      Zip    261K 


‘EX-10.1’   —   Material Contract


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Supplemental Agreement No. 15

to

Purchase Agreement No. 3866

between

The Boeing Company

and

Alaska Airlines, Inc.

Relating to Boeing Models 737-8 and 737-9 Aircraft


    THIS SUPPLEMENTAL AGREEMENT, entered into as of March 29, 2021, by and between THE BOEING COMPANY (Boeing) and ALASKA Airlines, Inc. (Customer).

    WHEREAS, the parties hereto entered into Purchase Agreement No. 3866 dated October 10, 2012 (Purchase Agreement), as amended and supplemented, relating to Boeing Models 737-8 aircraft (737-8 Aircraft) and 737-9 aircraft (737-9 Aircraft) (collectively Aircraft);

WHEREAS, Boeing and Customer have agreed to update and amend the Purchase Agreement to add twenty-three (23) incremental 737-9 Aircraft, amend certain terms and conditions related to advance payments and escalation, revise the Option Aircraft quantity and exercise dates, and remove Purchase Right Aircraft; and

WHEREAS, Customer has agreed to replace nine (9) firm Aircraft with the purchase of nine (9) Remarket Aircraft as outlined in this Supplemental Agreement.

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Purchase Agreement as follows:

1.Purchase Agreement Table of Contents and Tables:

a.The Purchase Agreement Table of Contents,” is hereby deleted in its entirety and replaced with the revised Table of Contents, attached
P.A. 3866
ASA    SA-15-1


Supplemental Agreement No. 15 to
Purchase Agreement No. 3866

hereto, to reflect the changes made in this Supplemental Agreement No. 15.

b. The Purchase Agreement Table 1 to Purchase Agreement No. PA-03866,” is hereby deleted in its entirety and replaced with revised Table 1-A, 1-B, and 1-C, attached hereto, to reflect the revisions to scheduled delivery months, replacement of nine (9) firm Aircraft with nine (9) Remarket Aircraft and the addition of twenty-three (23) incremental Aircraft as outlined in this Supplemental Agreement No. 15.
2. Exhibits:

a.Exhibits A-3 through A-8, “Remarket Aircraft Configuration 737-9,” relating to the Remarket Aircraft configuration and attached hereto, is hereby incorporated into the Purchase Agreement as part of this Supplemental Agreement 15.

b.Exhibit B-1, “Aircraft Delivery Requirements and Responsibilities,” relating to the Remarket Aircraft and attached here to, is hereby incorporated into the Purchase Agreement as part of this Supplemental Agreement 15.

3. Letter Agreements:

a.Letter Agreement ASA-PA-3866-LA-09439R4, entitled “Special Matters – Models 737-8 and 737-9,” is hereby deleted and replaced in its entirety with a revised Letter Agreement ASA-PA-3866-LA-09439R5, entitled “Special Matters,” attached hereto, to reflect changes made in this Supplemental Agreement 15.

b.Letter Agreement ASA-PA-3866-LA-09440R5, entitled “Option Aircraft,” is hereby deleted in its entirety and replaced with a revised Letter Agreement ASA-PA-3866-LA-09440R6, attached hereto, to reflect the Parties’ revision to the quantity and other terms and conditions of the Option Aircraft available to Customer in this Supplemental Agreement 15.

c.Letter Agreement ASA-PA-3866-LA-09441R1, entitled “Aircraft Model Substitution,” is hereby deleted in its entirety and replaced with a revised Letter Agreement ASA-PA-3866-LA-09441R2, attached hereto, to reflect changes made in this Supplemental Agreement 15.

d.Letter Agreement ASA-PA-3866-LA-09442R1 [ * * * ] is deleted in its entirety from the Purchase Agreement [ * * * ] as part of this Supplemental Agreement 15.

e.Letter Agreement ASA-PA-3866-LA-09445R1, entitled “Special Matters – Option Aircraft,” is hereby deleted in its entirety and replaced
P.A. 3866
ASA    SA-15-2

Supplemental Agreement No. 15 to
Purchase Agreement No. 3866

with a revised Letter Agreement ASA-PA-3866-LA-09445R2, attached hereto, to reflect changes made in this Supplemental Agreement 15.

f.Letter Agreement ASA-PA-3866-09446R1 [ * * * ] is deleted in its entirety [ * * * ] from the Purchase Agreement.

g.Letter Agreement ASA-PA-3866-LA-09448, entitled “Remarket Aircraft,” attached hereto with tables and exhibits, is incorporated into the Purchase Agreement as part of this Supplemental Agreement 15.

h.Letter Agreement ASA-PA-3866-LA-09449, entitled “Remarket Aircraft Open Configuration Matters,” attached hereto, is incorporated into the Purchase Agreement as part of this Supplemental Agreement 15.

i. Letter Agreement ASA-PA-3866-LA-09450, entitled “Remarket Aircraft Open Matters,” attached hereto, is incorporated in the Purchase Agreement as part of this Supplemental Agreement 15.

j.Letter Agreement ASA-PA-3866-LA-09451, entitled “Escalation Program,” attached hereto, is incorporated into the Purchase Agreement as part of this Supplemental Agreement 15.

k.Letter Agreement ASA-PA-3866-LA-09452, entitled “Advance Payment Matters,” attached hereto, is incorporated into the Purchase Agreement as part of this Supplemental Agreement 15.

l. Letter Agreement 6-1162-LLL-0130R3 [ * * * ] is deleted in its entirety from the Purchase Agreement to reflect the Parties’ incorporation of the commercial terms of said Letter Agreement into ASA-PA-3866-09439R5.

m. Letter Agreement 6-1162-MVL-030 [ * * * ] is deleted in its entirety from the Purchase Agreement to reflect the Parties’ incorporation of the commercial terms of said Letter Agreement into ASA-PA-3866-09439R5.


The Purchase Agreement will be deemed to be supplemented to the extent provided herein as of the date hereof and as so supplemented will continue in full force and effect.

EXECUTED IN DUPLICATE as of the day and year first written above.
P.A. 3866
ASA    SA-15-3

Supplemental Agreement No. 15 to
Purchase Agreement No. 3866


THE BOEING COMPANY
By
ItsAttorney-In-Fact
ACCEPTED AND AGREED TO this
Date:
ALASKA AIRLINES, INC.
By
ItsSVP Fleet, Finance and Alliances & Treasurer




P.A. 3866
ASA    SA-15-4

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/6/214,  8-K,  DEF 14A
For Period end:3/31/21424B7,  8-K
3/29/218-K
10/10/124,  8-K
 List all Filings 


6 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
 2/11/22  Alaska Air Group, Inc.            10-K       12/31/21  141:15M
 6/30/21  Alaska Air Group, Inc.            424B7                  1:358K                                   Donnelley … Solutions/FA
 6/30/21  Alaska Air Group, Inc.            424B7                  1:358K                                   Donnelley … Solutions/FA
 6/30/21  Alaska Air Group, Inc.            424B7                  1:360K                                   Donnelley … Solutions/FA


1 Previous Filing that this Filing References

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

 8/03/17  Alaska Air Group, Inc.            10-Q        6/30/17   57:9.5M
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Filing Submission 0000766421-21-000041   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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