EXHIBIT 10.6

 

Confidential Treatment

Requested Pursuant to Rule 24b-2

 

Supplemental Agreement No. 8

 

to

 

Purchase Agreement No. PA-03659

 

between

 

The Boeing Company

 

and

 

Air Lease Corporation

 

This Supplemental Agreement is entered into as of April 14,  2017,
 (Supplemental Agreement No. 8) by and between THE BOEING COMPANY (Boeing) and
AIR LEASE CORPORATION (Customer); 

 

All terms used but not defined in this Supplemental Agreement No. 8 have the
same meaning as in the Purchase Agreement;

 

WHEREAS, Boeing and Customer have entered into Purchase Agreement No. PA-03659
dated as of October 31, 2011  (the Purchase Agreement) relating to the purchase
and sale of Model 787-9 aircraft and Model 787-10 aircraft; and

 

WHEREAS, Boeing and Customer agree to identify the configurations of the 787-9
Block A Aircraft and 787-9 Block C Aircraft designated for lease to [*].

 

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

 

1.          TABLE OF CONTENTS.

 

The Table of Contents of the Purchase Agreement is deleted in its entirety and
replaced by a new Table of Contents, provided as Enclosure 1 to this
Supplemental

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

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Agreement No. 8, which reflects the revisions set forth in this Supplemental
Agreement No. 8.

 

2.          TABLE 1.  

 

a.    Table 1A to Purchase Agreement No. PA-03659, 787-9 Block A Aircraft
Delivery, Description, Price and Advance Payments Rolls Royce Engines is deleted
in its entirety and replaced by Table 1A to Purchase Agreement No. PA-03659,
787-9 Block A Information Table – Rolls Royce Engines, provided as Enclosure 2
to this Supplemental Agreement No. 8 and hereby incorporated into the Purchase
Agreement.  This Table 1A [*];

 

b.    Table 1D to Purchase Agreement No. PA-03659, 787-9 Block C Aircraft
Delivery, Description, Price and Advance Payments Rolls Royce Engines is deleted
in its entirety and replaced by Table 1D to Purchase Agreement No. PA-03659,
787-9 Block C Information Table – Rolls Royce Engines, provided as Enclosure 3
to this Supplemental Agreement No. 8 and hereby incorporated into the Purchase
Agreement.  This Table 1D [*];

 

3.          EXHIBITS

 

Exhibit A3,  HAZ/[*] 787-9 Aircraft Configuration, is added to the Purchase
Agreement and is provided as Enclosure 4 to this Supplemental Agreement No. 8.

 

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

 

EXECUTED IN DUPLICATE as of the day and year first above written.

 

THE BOEING COMPANY

AIR LEASE CORPORATION

 

 

BY: /s/ James E. Carpenter

BY: /s/ Grant Levy

 

 

ITS: Attorney-In-Fact

ITS: Executive Vice President

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

 

 

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Enclosure 1

 

 

PURCHASE AGREEMENT NUMBER PA-03659

 

between

 

THE BOEING COMPANY

 

and

 

Air Lease Corporation

 

Relating to Boeing Model 787-9 and 787-10 Aircraft

 

 

 

 

 

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Enclosure 1

 

TABLE OF CONTENTS

 

 

 

 

ARTICLES

 

Article 1.

Quantity, Model, Description and Inspection

SA-2

Article 2.

Delivery Schedule

SA-2

Article 3.

Price

SA-2

Article 4.

Payment

SA-2

Article 5.

Additional Terms

SA-2

 

 

 

TABLE

 

1A.

787-9 Block A Aircraft Information Table

SA-8

1B.

787-9 Block B Aircraft Information Table 

SA-7

1C.

787-10 Block A Aircraft Information Table 

SA-7

1D.

787-9 Block C Aircraft Information Table

SA-6

1E.

787-9 Block D Aircraft Information Table

SA-8

 

 

 

EXHIBIT

 

A1.

HAZ[*]787-9 Aircraft Configuration

SA-7

A2.

HAZ[*] 787-9 Aircraft Configuration

SA-7

A3.

HAZ[*]787-9 Aircraft Configuration

SA-8

 

 

 

 

 

 

 

 

 

B.

Aircraft Delivery Requirements and Responsibilities

SA-2

 

 

 

SUPPLEMENTAL EXHIBITS

 

AE1.

Escalation Adjustment Airframe and Optional Features

SA-2

BFE1.

BFE Variables

SA-7

CS1.

Customer Support Document

SA-7

EE1.

[*], Engine Warranty and Patent Indemnity – General Electric Engines 

SA-2

EE1.

[*], Engine Warranty and Patent Indemnity – Rolls Royce Engines

SA-2

SLP1.

Service Life Policy Components

SA-2

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

 

 

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Enclosure 1

 

 

 

 

LETTER AGREEMENTS

 

LA-1104716R1

[*]

SA-2

LA-1104717R1

Demonstration Flight Waiver

SA-2

LA-1104718R1

[*]

SA-2

LA-1104719R1

Other Matters

SA-2

LA-1104720R4

Advance Payment Matters

SA-7

LA-1104721R1

[*]

SA-2

LA-1104722R1

Assignment of Customer’s Interest to a Subsidiary or Affiliate

SA-2

LA-1104724

e-Enabling Software Matters

 

LA-1104725R1

[*]

SA-2

LA-1104726R1

Special Matters relating to COTS Software and End User License Agreements

SA-2

LA-1104727R2

AGTA Matters

SA-2

LA-1104728R1

Leasing Matters for 787 Aircraft

SA-2

LA-1104729R1

Liquidated Damages – Non-Excusable Delay

SA-2

LA-1104730R4

Open Configuration Matters

SA-7

LA-1104731R1

Performance Guarantees – 787-9 Block A Aircraft

SA-2

LA-1104733R1

Special Terms - Seats and In-flight Entertainment

SA-2

LA-1104734R2

Special Matters – 787-9 Block A Aircraft

SA-6

LA-1300863

Performance Guarantees – 787-10 Block A Aircraft

SA-2

LA-1300864R2

Performance Guarantees – 787-9 Block B, C and D Aircraft

SA-7

LA-1301080R2

Special Matters – 787-9 Blocks B, C and D Aircraft

SA-7

LA-1301081

Special Matters – 787-10 Block A Aircraft

SA-2

LA-1301082R2

[*]

SA-7

 

 

 

LA-1301083

Promotional Support – 787-10 Aircraft

SA-2

LA-1301084

[*]

SA-2

LA-1302043

[*]

SA-2

LA-1302348R1

[*]

SA-2

 

 

 

LA-1601083

Special Matters Relating to In-Seat IFE [*]

SA-7

LA-1605597

[*]

SA-7

 

 

 

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

 

 

 

 

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Enclosure 2

 

Table 1A To

Purchase Agreement No. PA-03659

787-9 Block A Aircraft Delivery, Description, Price and Advance Payments

Rolls Royce Engines

 

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

787-9

 

545,000 pounds

    

Detail Specification:

787B1-4102-D (4/27/2011)

Engine Model/Thrust:

TRENT1000-J

 

73,800 pounds

 

Airframe Price Base Year/Esc.:

[*]

[*]

Airframe Price:

 

[*]

 

 

Engine Price Base Year/Esc.:

[*]

[*]

Optional Features:

 

[*]

 

 

 

 

 

Sub-Total of Airframe and Features:

 

[*]

 

 

Airframe Escalation Data:

 

 

Engine Price (Per Aircraft):

 

[*]

 

 

Base Year Index (ECI):

[*]

 

Aircraft Basic Price (Excluding BFE/SPE):

 

[*]

 

 

Base Year Index (CPI):

[*]

 

Buyer Furnished Equipment (BFE) Est.:

 

[*]

 

 

Engine Escalation Data:

 

 

Seller Purchased Equipment (SPE) Est.:

 

[*]

 

 

Base Year Index (ECI):

[*]

 

In Flight Entertainment (IFE) Est:

 

[*]

 

 

Base Year Index (CPI):

[*]

 

 

 

 

 

 

 

 

 

Deposit per Aircraft:

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Escalation Estimate

Advance Payment Per Aircraft 

 

Number

Manufacturer's

 

 

 

 

 

Escalation

Escalation

Adv Payment

(Amts. Due/Mos. Prior to Delivery):

Delivery

of

Serial

Optional

P.A.

Engine

Engine

 

Factor

Factor

Base

[*]

[*]

[*]

[*]

Date

Aircraft

Number

Features Price

Exhibit A

Selection

Price

Lessee

(Airframe)

(Engine)

Price Per A/P

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*] 2017

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*] 2019

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

Total

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacturer serial number is subject to change due to production changes

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

 

 

 

 

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Enclosure 5

 

Table 1D To

Purchase Agreement No. PA-03659

787-9 Block C Aircraft Delivery, Description, Price and Advance Payments

Rolls Royce Trent 1000J Engines

 

 

 

 

 

 

 

 

 

Airframe Model/MTOW:

787-9

 

553,000 pounds

    

Detail Specification:

787B1-4102-O (9/5/2014)

Engine Model/Thrust:

TRENT1000-J

 

74,400 pounds

 

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):

 

[*]

 

 

Base Year Index (ECI):

[*]

 

Aircraft Basic Price (Excluding BFE/SPE):

 

[*]

 

 

Base Year Index (CPI):

[*]

 

Buyer Furnished Equipment (BFE) Estimate:

 

[*]

 

 

Engine Escalation Data:

 

 

In-Flight Entertainment (IFE) Estimate:

 

[*]

 

 

Base Year Index (ECI):

[*]

 

 

 

 

 

 

Base Year Index (CPI):

[*]

 

Refundable Deposit/Aircraft at Proposal Accept:

 

[*]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Escalation Estimate

Advance Payment Per Aircraft

 

Number

Manufacturer's

 

 

 

 

Escalation

Escalation

Adv Payment

(Amts. Due/Mos. Prior to Delivery):

Delivery

of

Serial

Optional

P.A.

Engine

 

Factor

Factor

Base

[*]

[*]

[*]

[*]

Date

Aircraft

Number

Features Price

Exhibit A

Selection

Lessee

(Airframe)

(Engine)

Price Per A/P

[*]

[*]

[*]

[*]

[*]-2017*

1

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

[*]

Total:

1

 

 

 

 

 

 

 

 

 

 

 

 

 

[*]

 

Note: Serial Numbers are provided as guidance only and are subject to change.

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

 

 

 

 

 

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Enclosure x

 

HAZ[*] 787-9 AIRCRAFT CONFIGURATION

 

between

 

THE BOEING COMPANY

 

and

 

Air Lease Corporation

 

Exhibit A3

 

to Purchase Agreement Number PA-03659

 

 

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*     Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

 

 

HAZ-PA-03659-EXA3

 

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Enclosure x

 

Exhibit A3

 

AIRCRAFT CONFIGURATION

 

Dated                          , 2017

 

relating to

 

BOEING MODEL 787-9 AIRCRAFT

 

The Detail Specification is Boeing document number [*]. The Detail Specification
provides further description of the configuration set forth in this Exhibit A3.
Such Detail Specification will be comprised of Boeing configuration
specification [*]. As soon as practicable, Boeing will furnish to Customer
copies of the Detail Specification, which copies will reflect [*].  [*].

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

HAZ-PA-03659-EXA3

 

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BOEING PROPRIETARY

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Enclosure x

 

[*]

 

 

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*  Confidential material omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.

 

HAZ-PA-03659-EXA3

 

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BOEING PROPRIETARY

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