EX-10.56 8 copaholdings-ex1056_1222.htm

Supplemental Agreement No. 23

to

Purchase Agreement No. 2191

between

The Boeing Company

and

COPA Holdings, S.A.

Relating to Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT No. 23 (“Supplemental Agreement 23”) is entered into as of October 26, 2010 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A. (Customer);

WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998, (as amended and supplemented and together with all exhibits, schedules and letter agreements pertaining thereto, the “Purchase Agreement”) relating to Boeing Model 737-7V3 and 737-8V3 aircraft (collectively, the “Aircraft” and each an “Aircraft”);

[***];

WHEREAS, Customer and Boeing have mutually agreed to amend the Agreement to incorporate the effect of these and certain other changes;

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:
 
1.            Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.

2.            The “Table of Contents” of the Purchase Agreement is revised to reflect the changes made by this Supplemental Agreement 23 and a copy of such revised Table of Contents is attached hereto.

3.            [***].

3.            Tables 1-10A(2) and 1-10B, “Aircraft Delivery, Description, Price and Advance Payments”, attached hereto, [***].

6.            Attachment A of Letter Agreement 6-1162-KSW-6419R1 [***].

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

Boeing and Customer have each caused this Supplemental Agreement to be duly executed as of the day and year first written above.

PA No. 2191
Page 1
SA No. 22
   
September 2010

 
 
 

 
THE BOEING COMPANY
     
COPA HOLDINGS, S.A.
         
By
/s/ David Gossard
  
By:
/s/ Pedro Heilbron
         
Its:
Attorney-In-Fact
  
Its:
Chief Executive Officer

PA No. 2191
Page 2
SA No. 22
   
September 2010

 
 
 

TABLE OF CONTENTS

     
SA
ARTICLES
    
NUMBER
         
 
1.
  
Quantity, Model and Description
SA 3
         
 
2.
  
Delivery Schedule
  
         
 
3.
  
Price
  
         
 
4.
  
Payment
SA 3
         
 
5.
  
Miscellaneous
  
         
TABLE
      
         
 
1-1
  
Aircraft Information Table for Model 737-7V3 Aircraft
SA 4
 
1-2
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 5
 
1-3
  
Aircraft Information Table for Model 737-7V3 Aircraft
SA 7
 
1-4
  
Aircraft Information Table for Model 737-7V3 Aircraft
SA 13
 
1-5
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 13
 
1-6
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
 
1-7
  
Aircraft Information Table for Model 737-8V3 Aircraft Option Aircraft
SA 13
 
1-8
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
 
1-9
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
 
1-10
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
 
1-10A(1)
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
 
1-10A(2)
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
 
1-10B
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
 
1-11
  
Aircraft Information Table for Model 737-8V3 Option Aircraft
SA 22
 
1-12
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 21
         
 
1-13
  
Aircraft Information Table for Model 737-8V3 Aircraft
SA 22
         
 
1-14
  
Aircraft Information Table for Model 737-8V3 Option Aircraft
SA 22
         
EXHIBIT
      
         
 
A-1
  
Aircraft Configuration for Model 737-7V3 Aircraft
SA 3
 
A-2
  
Aircraft Configuration for Model 737-8V3 Aircraft
SA 3
 
A-3
  
Aircraft Configuration for Model 737-8V3 Aircraft
SA 18

PA No. 2191
i
SA No. 22
   
September 2010

 
 
 

 
A-4
  
Aircraft Configuration for Model 737-8V3 Aircraft [***]
SA 22
         
 
B.
  
Aircraft Delivery Requirements and Responsibilities
SA 3
         
SUPPLEMENTAL EXHIBITS
  
         
 
AE1.
  
Escalation Adjustment Airframe and Optional Features
SA 10
         
 
BFE1.
  
BFE Variables
SA 22
         
 
CS1.
  
Customer Support Variables
SA 3
         
 
EE1.
  
Engine Escalation/Engine Warranty and Patent Indemnity
  
         
 
SLP1.
  
Service Life Policy Components
  
 
LETTER AGREEMENTS
  
         
 
2191-01
  
Demonstration Flight Waiver
  
 
2191-02
  
Escalation Sharing
  
 
2191-03
  
Seller Purchased Equipment
  
 
2191-03R1
  
Seller Purchased Equipment
SA-20
         
RESTRICTED LETTER AGREEMENTS
  
         
6-1162-DAN-01
  
Performance Guarantees
  
6-1162-DAN-0124
  
Special Matters
  
6-1162-DAN-0155
  
Airframe Escalation Revision
  
6-1162-DAN-0156
  
Year 2000 Ready Software, Hardware and Firmware
  
6-1162-DAN-0157
  
Miscellaneous Matters
  
6-1162-MJB-0017
  
Special Matters
  
6-1162-MJB-0030
  
Special Matters
  
6-1162-LAJ-874R
  
Special Matters
SA 5
6-1162-LAJ-874R1
  
Special Matters
SA 6
6-1162-LAJ-874R2
  
Special Matters
SA 7
6-1162-LAJ-982
  
Special Matters
SA 8
6-1162-LAJ-982R3
  
Special Matters
SA 11
6-1162-RLL-3852
  
737-800 Performance Guarantees
SA 9
6-1162-LAJ-982R4
  
Special Matters
SA 13
6-1162-RLL-3958
  
737-8V3 Option Aircraft
SA 13
6-1162-RLL-3958R1
  
737-8V3 Option Aircraft
SA 18
6-1162-RLL-3958R2
  
737-8V3 Option Aircraft
SA 21
6-1162-RLL-3958R3
  
737-8V3 Option Aircraft
SA 22
6-1162-LAJ-982R5
  
Special Matters
SA 16
6-1162-LAJ-982R6
  
Special Matters
SA 17

PA No. 2191
ii
SA No. 22
   
September 2010

 
 
 

6-1162-LAJ-982R7
  
Special Matters
SA 18
6-1162-LAJ-982R8
  
Special Matters
SA 22
6-1162-RLL-4092
  
Advance Payment Matters for Aircraft Listed in Table 1-9
SA 17
6-1162-KSW-6417
  
[***]
SA 18
6-1162-KSW-6419
  
[***]
SA 20
6-1162-KSW-6419R1
  
[***]
SA 22
6-1162-KSW-6471
  
[***]
SA 22
LA-1000842
  
Installation of Cabin Systems Equipment
SA 21
LA-10001606
  
[***]
SA 22

PA No. 2191
iii
SA No. 22
   
September 2010

 
 
 

SUPPLEMENTAL AGREEMENTS
DATED AS OF:
Supplemental Agreement No. 1
June 29, 2001
Supplemental Agreement No. 2
December 21, 2001
Supplemental Agreement No. 3
June 14, 2002
Supplemental Agreement No. 4
December 20, 1002
Supplemental Agreement No. 5
October 31, 2003
Supplemental Agreement No. 6
September 9, 2004
Supplemental Agreement No. 7
December 9, 2004
Supplemental Agreement No. 8
April 15, 2005
Supplemental Agreement No. 9
March 16, 2006
Supplemental Agreement No. 10
May 8, 2006
Supplemental Agreement No. 11
August 30, 2006
Supplemental Agreement No. 12
February 26, 2007
Supplemental Agreement No. 13
April , 2007
Supplemental Agreement No. 14
August 31, 2007
Supplemental Agreement No. 15
February 21, 2008
Supplemental Agreement No. 16
June 30, 2008
Supplemental Agreement No. 17
December 15, 2008
Supplemental Agreement No. 18
July 15, 2009
Supplemental Agreement No. 19
August 31, 2009
Supplemental Agreement No. 20
November 19, 2009
Supplemental Agreement No. 21
May 28, 2010

PA No. 2191
iv
SA No. 22
   
September 2010


 
 
 

Table 1-10A(2)
Aircraft Delivery, Description, Price and Advance Payments (BSI/Winglets)

Airframe Model/MTOW:
737-800
[***]
  
Detail Specification:
[***]
           
Engine Model/Thrust:
CFM56-7B26
[***]
  
Airframe Price Base Year/Escalation Formula:
[***]
[***]
             
Airframe Price:
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
         
Optional Features:
[***]
      
         
Sub-Total of Airframe and Features:
[***]
  
Airframe Escalation Data:
  
         
Engine Price (Per Aircraft):
$0
  
Base Year Index (ECI):
[***]
         
Aircraft Basic Price (Excluding BFE/SPE):
[***]
  
Base Year Index (CPI):
[***]
         
Buyer Furnished Equipment (BFE) Estimate:
$0
      
         
Seller Purchased Equipment (SPE) Estimate:
[***]
      
         
Refundable Deposit/Aircraft at Proposal Accept:
[***]
      
 
    
Escalation
    
Escalation Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Number of
Factor
Serial
Fixed
Adv Payment Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
Escalation
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
 
COP-54019-1F.TXT
  
Oct. 2010
PA No. 2191 SA-23
Boeing Proprietary
Page 1
 
 
 
 
 
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
10
                
 
[***]
[***]
[***]

COP-54019-1F.TXT
  
Oct. 2010
PA No. 2191 SA-23
Boeing Proprietary
Page 2

 
 
 

Table 1-10B
Aircraft Delivery, Description, Price and Advance Payments
(BSI Interior)

Airframe Model/MTOW:
737-800
[***]
  
Detail Specification:
[***]
  
             
Engine Model/Thrust:
CFM56-7B26
[***]
  
Airframe Price Base Year/Escalation Formula:
[***]
[***]
           
Airframe Price:
[***]
  
Engine Price Base Year/Escalation Formula:
[***]
[***]
           
Optional Features:
[***]
      
         
Sub-Total of Airframe and Features:
[***]
  
Airframe Escalation Data:
  
         
Engine Price (Per Aircraft):
$0
  
Base Year Index (ECI):
[***]
         
Aircraft Basic Price (Excluding BFE/SPE):
[***]
  
Base Year Index (CPI):
[***]
         
Buyer Furnished Equipment (BFE) Estimate:
$0
      
         
Seller Purchased Equipment (SPE) Estimate:
[***]
      
         
Option Deposit Paid
[***]
      
 
    
Escalation
    
Escalation Estimate
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
Delivery
Number of
Factor
Serial
  
Adv Payment Base
[***]
[***]
[***]
[***]
Date
Aircraft
(Airframe)
Number
Escalation*
Price Per A/P
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Total:
3
                

[***]
[***]
[***]

COP-54019-1F.TXT
  
10/10
PA No. 2191 SA-23
Boeing Proprietary
Page 1

 
 
 

Attachment A to Letter Agreement 6-1162-KSW-6419R1

[***]

Airframe Model
737-800
  
     
Engine Model:
CFM56-7B26
  
     
Airframe Price Base Year
[***]
  
     
Engine Price Base Year
[***]
  

Delivery
Month and
Year
Subject
Aircraft
Serial
Number
Applicable
Combined
Airframe/Engine
Escalation
Provisions
Election Period
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]

PA No. 2191 SA23
  
10/10