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Exhibit 10.1

[AVSA Letterhead]
Amendment No. 12
to the A320 Purchase Agreement
Dated as of April 20, 1999
between
AVSA, S.A.R.L.
and
JetBlue Airways Corporation

        This Amendment No. 12 (hereinafter referred to as the "Amendment") is
entered into as of April 19, 2002, between AVSA, S.A.R.L., a société a
responsibilité limitée organized and existing under the laws of the Republic of
France, having its registered office located at 2, Rond-Point Maurice Bellonte,
31700 Blagnac, France (hereinafter referred to as the "Seller"), and JetBlue
Airways Corporation, a corporation organized and existing under the laws of the
State of Delaware, United States of America, having its principal corporate
offices located 80-02 Kew Gardens Road, 6th Floor, Kew Gardens, New York, 11415
USA (hereinafter referred to as the "Buyer").

WITNESSETH

        WHEREAS, the Buyer and the Seller entered into an A320 Purchase
Agreement, dated as of April 20, 1999, relating to the sale by the Seller and
the purchase by the Buyer of certain Airbus A320-200 aircraft (the "Aircraft"),
which, together with all Exhibits, Appendixes and Letter Agreements attached
thereto and as amended by Amendment No. 1, dated as of September 30, 1999,
Amendment No. 2, dated as of March 13, 2000, Amendment No. 3, dated as of Match
29, 2000, Amendment No. 4, dated as of September 29, 2000, Amendment No. 5 dated
as of November 7, 2000, Amendment No. 6 dated as of November 20, 2000, Amendment
No. 7 dated as of January 29, 2001, Amendment No. 8 dated as of May 3, 2001,
Amendment No. 9 dated as of July 18, 2001, Amendment No. 10 dated as of
November 16, 2001, and Amendment No. 11 dated as of December 31, 2001 and
executed January 9, 2002, is hereinafter called the "Agreement."

        WHEREAS, by way of Amendment No. 11, the parties, inter alia, agreed
that the *** and

        WHEREAS, the Buyer wishes to exercise two (2) of the Amendment No, 11
Additional Options and to advance the delivery positions of the corresponding
Aircraft (designated Aircraft Nos. 101 and 102) from 2009 to December, 2002 and
May 2003, and

        WHEREAS, the Buyer wishes to ***, and

        WHEREAS, the Buyer wishes to ***, and

        WHEREAS, the Seller is willing to accommodate the Buyer with respect to
the foregoing under the terms and conditions set forth herein,

        NOW, THEREFORE, IT IS AGREED AS FOLLOWS

[***] Represents material which has been redacted and filed separately with the
Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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1.    DEFINITIONS

Capitalized terms used herein and not otherwise defined herein will have the
meanings assigned to them in the Agreement. The terms "herein," "hereof" and
"hereunder" and words of similar import refer to this Amendment.

2.    OPTION EXERCISE

Pursuant to Paragraph 2.1 of Letter Agreement No. 4 to the Agreement the Buyer
hereby exercises Amendment No. 11 Additional Options No. 101 (CaC Id No. 124
965) and No. 102 (CaC Id No. 124 966) to firmly purchase two (2) Aircraft, each
referred to hereafter in the delivery schedule as an "Amendment No. 12 Exercised
Option."

3.    DELIVERY SCHEDULE

3.1The *** set forth in Clause 9.1.1 of the Agreement *** to reflect the
following:

3.1.1The *** corresponding to the Amendment No. 12 Exercised Option No. 101 (CaC
Id No. 124 965) and 102 (CaC Id No. 124 966) ***.

[***] Represents material which has been redacted and filed separately with the
Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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3.1.2   The *** corresponding to Firm Aircraft No. 31 (CaC Id No. 41 220) ***.
3.1.3
 
The *** assigned to Amendment No. 11 Additional Options No. 103 (CaC Id No. 124
967) and No. 104 (CaC Id No. 124 968) ***.
3.2
 
As a consequence of Paragraph 3.1 above, the Aircraft are renumbered
chronologically and, the delivery schedule set forth in Clause 9.1.1 of the
Agreement is hereby canceled and replaced by the following quoted provisions:

QUOTE

CAC Id No.

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  Rank No.

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  Aircraft

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  Delivery

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41 199   No. 1   Firm Aircraft   ***   2000 41 200   No. 2   Firm Aircraft   ***
  2000 41 203   No. 3   Firm Aircraft   ***   2000 41 201   No. 4   Firm
Aircraft   ***   2000 41 202   No. 5   Firm Aircraft   ***   2000 41 204   No. 6
  Firm Aircraft   ***   2000
41 205
 
No. 7
 
Firm Aircraft
 
***
 
2001 41 206   No. 8   Firm Aircraft   ***   2001 41 210   No. 9   Firm Aircraft
  ***   2001 41 207   No. 10   Firm Aircraft   ***   2001 41 208   No. 11   Firm
Aircraft   ***   2001 41 209   No. 12   Firm Aircraft   ***   2001 41 228   No.
13   Firmly Ordered Option Aircraft   ***   2001
41 211
 
No. 14
 
Finn Aircraft
 
***
 
2002 41 212   No. 15   Firm Aircraft   ***   2002 41 218   No. 16   Firm
Aircraft   ***   2002 41 224   No. 17   Firmly Ordered Option Aircraft   ***  
2002 41 227   No. 18   Firmly Ordered Option Aircraft   ***   2002 41 225   No.
19   Firmly Ordered Option Aircraft   ***   2002 41 213   No. 20   Firm Aircraft
  ***   2002 41 214   No. 21   Firm Aircraft   ***   2002 41 234   No. 22  
Amendment No. 11 Exercised Option   ***   2002 41 215   No. 23   Firm Aircraft  
***   2002 41 216   No. 24   Firm Aircraft   ***   2002 41 217   No. 25   Film
Aircraft   ***   2002 124 965   No. 26   Amendment No. 12 Exercised Option   ***
  2002 41 235   No. 27   Amendment No. 11 Exercised Option   ***   2002 41 220  
No. 28   Firm Aircraft   ***   2002
41 219
 
No. 29
 
Firm Aircraft
 
***
 
2003 41 236   No. 30   Amendment No. 11 Exercised Option   ***   2003 104 399  
No. 31   New Firm A320 Aircraft   ***   2003

[***] Represents material which has been redacted and filed separately with the
Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

2

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41 237   No. 32   Amendment No. 11 Exercised Option   ***   2003 124 966   No.
33   Amendment No. 12 Exercised Option   ***   2003 41 221   No. 34   Firm
Aircraft   ***   2003 41 238   No. 35   Amendment No. 11 Exercised Option   ***
  2003 41 222   No. 36   Firm Aircraft   ***   2003 104 400   No. 37   New Firm
A320 Aircraft   ***   2003 104 401   No. 38   New Firm A320 Aircraft   ***  
2003 41 223   No. 39   Firm Aircraft   ***   2003 104 402   No. 40   New Firm
A320 Aircraft   ***   2003 104 403   No. 41   New Firm A320 Aircraft   ***  
2003
41 226
 
No. 42
 
Firmly Ordered Option Aircraft
 
***
 
2004 111 579   No. 43   Amendment No. 11 Exercised Option   ***   2004 41 245  
No. 44   Firmly Ordered Option Aircraft   ***   2004 41 246   No. 45   Firmly
Ordered Option Aircraft   ***   2004 41 229   No. 46   Amendment No. 11
Exercised Option   ***   2004 41 247   No. 47   Firmly Ordered Option Aircraft  
***   2004 41 248   No. 48   Firmly Ordered Option Aircraft   ***   2004 104 404
  No. 49   New Firm A320 Aircraft   ***   2004 104 405   No. 50   New Firm A320
Aircraft   ***   2004 41 230   No. 51   Amendment No. 11 Exercised Option   ***
  2004 104 406   No. 52   New Firm A320 Aircraft   ***   2004 104 407   No. 53  
Now Firm A320 Aircraft   ***   2004 104 408   No. 54   New Firm A320 Aircraft  
***   2004
104 409
 
No. 55
 
New Firm A320 Aircraft
 
***
 
2005 41 232   No. 56   Amendment No. 11 Exercised Option   ***   2005 104 410  
No. 57   New Firm A320 Aircraft   ***   2005 104 411   No. 58   New Firm A320
Aircraft   ***   2005 41 233   No. 59   Amendment No. 11 Exercised Option   ***
  2005 104 412   No. 60   New Firm A320 Aircraft   ***   2005 104 413   No. 61  
New Firm A320 Aircraft   ***   2005 104 414   No. 62   New Firm A320 Aircraft  
***   2005 104 415   No. 63   New Firm A320,Aircraft   ***   2005 104 416   No.
64   New Firm A320 Aircraft   ***   2005 104 417   No. 65   New Firm A320
Aircraft   ***   2005 104 418   No. 66   New Firm A320 Aircraft   ***   2005
104 419
 
No. 67
 
New Firm A320 Aircraft
 
***
 
2006 104 420   No. 68   New Firm A320 Aircraft   ***   2006 104 421   No. 69  
New Firm A320 Aircraft   ***   2006 104 422   No. 70   New Firm A320 Aircraft  
***   2006 104 423   No. 71   New Firm A320 Aircraft   ***   2006

[***] Represents material which has been redacted and filed separately with the
Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

3

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104 424   No. 72   New Firm A320 Aircraft   ***   2007 104 425   No. 73   New
Firm A320 Aircraft   ***   2007 104 426   No. 74   New Firm A320 Aircraft   ***
  2007 104 427   No. 75   New Firm A320 Aircraft   ***   2007 104 428   No. 76  
New Firm A320 Aircraft   ***   2007
41 231
 
No. 77
 
Option Aircraft
 
***
 
2004 124 967   No. 78   Amendment No. 11 Additional Option   ***   2005 124 968
  No. 79   Amendment No. 11 Additional Option   ***   2005
124 959
 
No. 80
 
Amendment No. 11 Additional Option
 
***
 
2006 124 960   No. 81   Amendment No. 11 Additional Option   ***   2006 124 961
  No. 82   Amendment No. 11 Additional Option   ***   2006 124 962   No. 83  
Amendment No. 11 Additional Option   ***   2006 124 963   No. 84   Amendment No.
11 Additional Option   ***   2006 41 239   No. 85   Option Aircraft   ***   2006
41 240   No. 86   Option Aircraft   ***   2006 41 241   No. 87   Option Aircraft
  ***   2007 41 242   No. 88   Option Aircraft   ***   2007 41 243   No. 89  
Option Aircraft   ***   2007 41 244   No. 90   Option Aircraft   ***   2007 69
719   No. 91   A320 Additional Option Aircraft   ***   2007 69 720   No. 92  
A320 Additional Option Aircraft   ***   2007 69 721   No. 93   A320 Additional
Option Aircraft   ***   2007
69 722
 
No. 94
 
A320 Additional Option Aircraft
 
***
 
2008 69 723   No. 95   A320 Additional Option Aircraft   ***   2008 69 724   No.
96   A320 Additional Option Aircraft   ***   2008 69 725   No. 97   A320
Additional Option Aircraft   ***   2008 96 459   No. 98   A320 Additional Option
Aircraft   ***   2008 104 439   No. 99   Incremental A320 Option Aircraft   ***
  2008 104 440   No. 100   Incremental A320 Option Aircraft   ***   2008 104 441
  No. 101   Incremental A320 Option Aircraft   ***   2008 104 442   No. 102  
Incremental A320 Option Aircraft   ***   2008 104 443   No. 103   Incremental
A320 Option Aircraft   ***   2008
124 964
 
No. 104
 
Amendment No. 11 Additional Option
 
***
 
2009

UNQUOTE

3.3   The Seller will ***.

[***] Represents material which has been redacted and filed separately with the
Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

4

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4   PREDELIVERY PAYMENTS
4.1
 
On signature of this Amendment, the Buyer will pay the Seller all Predelivery
Payments as provided in the Agreement due as a result of the amendments set
forth in Paragraph 3.
4.2
 
***
 
 
***
5
 
***
 
 
In consideration of the Buyer's exercise of two (2) option aircraft, the Seller
hereby agrees to provide the Buyer with a *** upon delivery of the Firmly
Ordered Option Aircraft No. 18 (CaC Id No. 41 227) as well as upon delivery of
the Firm Aircraft No. 28 (CaC Id No. 41 220).
6
 
***
7
 
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 supersedes any previous
understandings, commitments, or representations whatsoever, whether oral or
written, related to the subject matter of this Amendment.
 
 
Both parties agree that this Amendment will constitute an integral, nonseverable
part of the Agreement and be governed by its provisions, except that if the
Agreement and this Amendment have specific provisions that are inconsistent, the
specific provisions contained in this Amendment will govern.
 
 
This Amendment will become effective upon execution thereof and receipt by the
Seller of the Predelivery Payments referred to in Paragraph 4 above.
[***] Represents material which has been redacted and filed separately with the
Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
 
 
 
 
 
 

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8
 
CONFIDENTIALITY
 
 
This Amendment is subject to the confidentiality provisions set forth in
Clause 22.5 of the Agreement.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers or agents on the dates written below.

 
 
AVSA, S.A.R.L.

 

 

By:

 

/s/  FRANÇOIS BESNIER      

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François BESNIER

 

 

Its:

 

AVSA Chief Executive Officer

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Date:

 

April 22, 2002

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JETBLUE AIRWAYS CORPORATION
 
 

By:

 

/s/ TOM ANDERSON

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Its:

 

Vice President

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Date:

 

April 22, 2002

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Exhibit 10.1

WITNESSETH

QUOTE

UNQUOTE