EXHIBIT 10.7

 

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POS0SESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 54 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, September 2004 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 55 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, October 2004 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 56 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, November 2004 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 57 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, December 2004 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 54 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, January 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 55 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, February 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 56 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, March 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 57 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, April 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 54 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, May 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 55 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, September 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 56 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, October 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 57 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, November 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 54 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, November 2005 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 55 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, January 2006 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 56 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, February 2006 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 57 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, March 2006 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 54 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, April 2006 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 55 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, May 2006 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 56 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, June 2006 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 57 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, September 2006 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 54 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, June 2004 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments 55 LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, June 2004 Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

TO THE EXTENT THAT THIS AIRCRAFT LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN THIS AIRCRAFT LEASE AGREEMENT MAY BE
CREATED THROUGH TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
ORIGINAL COUNTERPART, WHICH SHALL BE IDENTIFIED AS THE COUNTERPART DESIGNATED AS
THE ORIGINAL ON THE SIGNATURE PAGE OF THIS AGREEMENT BY LESSOR

 

AIRCRAFT LEASE AGREEMENT

 

Dated as of August 15, 2003

 

between

 

AFS Investments [    ] LLC

 

as Lessor

 

and

 

AirTran Airways, Inc.

 

as Lessee

 

in respect of Aircraft: Boeing B737-700, [            ] Scheduled Delivery Month

 

Serial No: (As set forth in Lease Supplement No. 1)

 

Registration No: (As set forth in Lease Supplement No. 1)

 

--------------------------------------------------------------------------------

 

incorporating the provisions of a

 

COMMON TERMS AGREEMENT

 

Dated August 15, 2003

 

Between Aviation Financial Services Inc. and AirTran Airways, Inc.

 

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

AIRCRAFT LEASE AGREEMENT

 

THIS AIRCRAFT LEASE AGREEMENT is made as of August 15, 2003 and is

 

BETWEEN:

 

  (1) AFS Investments [    ] LLC, a limited liability company organized under
the Laws of the State of Delaware having its principal place of business and
chief executive office at 201 High Ridge Road, Stamford, Connecticut 06927
(“Lessor”); and

 

  (2) AirTran Airways, Inc., a company incorporated under the Laws of the State
of Delaware having its principal place of business and chief executive office at
9955 AirTran Boulevard, Orlando, Florida 32827 (“Lessee”).

 

WHEREAS:

 

  (A) Lessee wishes to lease the Aircraft (as defined below) from Lessor, and
Lessor wishes to lease the Aircraft to Lessee, on the terms and subject to the
conditions provided herein;

 

  (B) Aviation Financial Services Inc. (“AFSI”), an Affiliate of Lessor, and
Lessee have entered into the Common Terms Agreement (as defined below) in
respect of aircraft that may be leased from time to time by Lessee or one of its
Affiliates from Lessor or one of its Affiliates; and

 

  (C) Lessor and Lessee wish to incorporate by reference such Common Terms
Agreement, as well as Schedules A and B attached hereto, into this Aircraft
Lease Agreement for the Aircraft and a true and complete copy of such Common
Terms Agreement is attached hereto as Schedule C;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

  1. INTERPRETATION

 

  1.1 Definitions: In this Aircraft Lease Agreement, the following capitalized
words and expressions have the respective meanings set forth below:

 

AD Compliance Period means 90 days after the Return Occasion.

 

Aircraft means the Boeing B737-700 aircraft (which term includes, where the
context admits, a separate reference to all Engines, Parts and Aircraft
Documents and Records), with two (2) CFM56-7B20 Engines, all as more completely
described on Schedule A hereto.

 

-2-

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Airframe Structural Check and Assumed Ratio have the meanings specified in
Schedule B.

 

Airframe Supplemental Rent, Annual Supplemental Rent Adjustment and APU
Supplemental Rent have the meanings specified in Schedule B.

 

Common Terms Agreementor CTA means the “Aircraft Lease Common Terms Agreement”
dated as of August 15, 2003 executed by AFSI and Lessee (as in effect on the
date hereof without, unless Lessor and Lessee otherwise expressly agree, giving
any effect to any subsequent amendment, supplement, waiver or other modification
thereto), and which forms part of this Aircraft Lease Agreement.

 

Delivery Condition Requirements means the requirements specified in Part II of
Schedule A.

 

Delivery Location means Seattle, Washington, or such other location within the
continental US as shall be mutually acceptable to Lessor and Lessee.

 

Deposit means all amounts payable pursuant to Section 3.1 hereof.

 

Discount Rate has the meaning specified in Schedule B.

 

Early Termination Date has the meaning specified in Section 2.4 hereof.

 

Engine Refurbishment has the meaning specified in Schedule B.

 

Engine Agreed Value has the meaning specified in Schedule B.

 

Engine Supplemental Rent and Engine LLP Supplemental Rent have the meanings
specified in Schedule B.

 

Extended Expiry Date means (i) with respect to the First Extension Option, the
date that corresponds to the Scheduled Expiry Date in the 12th month after the
Scheduled Expiry Date; (ii) with respect to the Second Extension Option, the
date that corresponds to the Scheduled Expiry Date in the 24th month after the
Scheduled Expiry Date; (iii) with respect to the Third Extension Option, the
date that corresponds to the Scheduled Expiry Date in the 36th month after the
Scheduled Expiry Date; and (iv) with respect to the Fourth Extension Option, the
date that corresponds to the Scheduled Expiry Date in the 3rd month after the
then applicable Scheduled Expiry Date.

 

Extension Option means any of the extension options granted to Lessee pursuant
to Section 2.3 hereof.

 

-3-

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Final Delivery Date means the date that is 365 days after the last day of the
Scheduled Delivery Month.

 

GECC means General Electric Capital Corporation, a Delaware Corporation.

 

Guarantor means AirTran Holdings, Inc.

 

Habitual Base means the United States of America or, subject to the prior
written consent of Lessor, any other country or countries in which the Aircraft
is for the time being habitually based.

 

Indemnitee means each of Lessor, Owner, AFSI (if neither Lessor nor Owner),
GECAS (in its capacity as lease manager), the Financing Parties’ Representative,
and the Financing Parties, and their respective successors and permitted
assigns, and each of their respective Affiliates, directors, officers,
representatives, agents and employees; provided, however, that none of the
foregoing Persons shall be deemed “Indemnitees” in respect of such Person’s
status as a manufacturer or maintenance servicer or provider.

 

Interest Rate has the meaning specified in Schedule B.

 

Landing Gear Supplemental Rent has the meaning specified in Schedule B.

 

LC Amount is not applicable.

 

Lease means and includes this Aircraft Lease Agreement, Schedules A and B
hereto, each Lease Supplement hereto, including Lease Supplement No. 1, and the
Common Terms Agreement.

 

Lessor/Owner Tax Jurisdiction has the meaning specified in Schedule B.

 

Manufacturer means the manufacturer of the Airframe or an Engine, as the case
may be, as set forth on Schedule A hereto.

 

Minimum APU Limit, Minimum Component Calendar Life, Minimum Component Cycles,
Minimum Component Flight Hours, Minimum Engine Cycles, Minimum Engine Flight
Hours, Minimum Landing Gear Calendar Time, Minimum Landing Gear Cycles, Minimum
Landing Gear Flight Hours and Minimum Liability Coverage have the meanings
specified in Schedule B.

 

Owner means Lessor.

 

Pre-Approved Bank means any bank organized under the laws of the United States
or any State thereof, or the New York branch of a major international bank, in
each

 

-4-

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case (a) for only so long as its long-term Dollar denominated unsecured debt (or
if it does not have long-term unsecured Dollar denominated debt, its parent
corporation’s long-term unsecured Dollar denominated debt) carries a rating from
S&P of A+ or better, and (b) so long as each Letter of Credit, if applicable,
issued by any such bank to Lessor permits drawings thereunder by facsimile.

 

Redelivery Location means Lessee’s principal maintenance base or such other
redelivery location as Lessor and Lessee may mutually agree upon.

 

Scheduled Delivery Month means [            ].

 

Scheduled Expiry Date means the day preceding the numerically corresponding day
to the Rent Commencement Date one hundred and eighty three (183) months after
the Rent Commencement Date or in the event that the date would fall on a day
that is not a Business Day, the immediately succeeding Business Day, unless such
date is extended pursuant to Lessee’s exercise of an Extension Option, in which
case the Scheduled Expiry Date shall be the Extended Expiry Date corresponding
to such Extension Option.

 

State of Registry means the United States of America.

 

Supplemental Rent means all amounts payable pursuant to Section 3.3 hereof.

 

Tax Indemnitee has the meaning specified in Schedule B.

 

  1.2 Interpretation: Unless otherwise defined or expressly specified herein,
capitalized words and expressions when used in this Aircraft Lease Agreement
have the same respective meanings as defined in the Common Terms Agreement. The
construction provisions of Section 1.2 of the Common Terms Agreement shall apply
to this Aircraft Lease Agreement. In the event of a conflict between the
provisions of this Aircraft Lease Agreement and the provisions of the Common
Terms Agreement, the provisions of this Aircraft Lease Agreement shall control.

 

  2. LEASING

 

  2.1 Agreement to Lease: Subject to the terms and conditions of the Lease,
Lessor will lease the Aircraft to Lessee and Lessee will take delivery of and
lease the Aircraft from Lessor in accordance with the Lease for the duration of
the Term.

 

  2.2 Term: Subject to Sections 4.1 through 4.4 of the Common Terms Agreement,
Delivery of the Aircraft will occur at the Delivery Location, whereupon Lessee
shall accept the Aircraft hereunder and evidence such Delivery and acceptance by
executing and delivering Lease Supplement No. 1 as provided in Section 4.3 of
the

 

-5-

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Common Terms Agreement. The Term will commence on the Delivery Date, which
Delivery Date is scheduled to occur in the Scheduled Delivery Month, and will
expire on the Scheduled Expiry Date unless terminated earlier in accordance with
the provisions of the Lease or unless extended in accordance with the provisions
of the Lease.

 

  2.3 Extension Options:

 

  (a) Provided that Lessee shall not have theretofore exercised the Fourth
Extension Option, Lessor hereby grants Lessee the right to extend the Term for
one (1) year from the Scheduled Expiry Date in accordance with the terms and
conditions set forth in this Section 2.3 (the “First Extension Option”).
Provided that Lessee exercises the First Extension Option in accordance
herewith, and further provided that Lessee shall not have theretofore exercised
the Fourth Extension Option, Lessee shall have the right to further extend the
Term an additional one (1) year from the then applicable Scheduled Expiry Date
in accordance with the terms and conditions set forth in this Section 2.3 (the
“Second Extension Option”). Provided that Lessee exercises the Second Extension
Option, and further provided that Lessee shall not have theretofore exercised
the Fourth Extension Option, Lessee shall have the right to further extend the
Term for an additional one (1) year from the then applicable Scheduled Expiry
Date in accordance with the terms and conditions set forth in this Section 2.3
(the “Third Extension Option”). Lessee shall have an additional right to extend
the Term for one three (3) month period from the then applicable Scheduled
Expiry Date in accordance with the terms and conditions set forth in this
Section 2.3 (the “Fourth Extension Option,” and together with the First
Extension Option, Second Extension Option and Third Extension Option, the
“Extension Options”).

 

  (b) In order to exercise any Extension Option, the following conditions must
be satisfied:

 

  (i) [FOR ODD NUMBERED DELIVERY POSITIONS – Not later than twelve (12) months
prior to then applicable Scheduled Expiry Date as extended, Lessor shall have
received a written notice from Lessee stating that it is exercising the
Extension Option, which notice once given shall be irrevocable.] [FOR EVEN
NUMBERED DELIVERY POSITIONS—With respect to the First Extension Option, Second
Extension Option and Third Extension Option, not later than twelve (12) months
prior to then applicable Scheduled Expiry Date and with respect to the Fourth
Extension Option, not later than fifteen (15) months prior to the Scheduled
Expiry Date as extended, Lessor shall have received a written notice from Lessee
stating that it is exercising the Extension Option, which notice once given
shall be irrevocable.]

 

-6-

--------------------------------------------------------------------------------

  (ii) Promptly after such notice, Lessee shall deliver to Lessor a Lease
Supplement, board resolutions, legal opinions and other documents related to
such extension, as Lessor may reasonably request.

 

  (iii) no Significant Default nor any Event of Default shall have occurred and
be continuing on the date that Lessor receives notice of Lessee’s exercise of
the Extension Option or on the then applicable Scheduled Expiry Date (as
determined without giving effect to Lessee’s exercise of the Extension Option).

 

  (c) If Lessee elects to exercise an Extension Option then, with effect from
the Scheduled Expiry Date, the Lease shall be automatically amended as follows:

 

  (i) with respect to the First Extension Option, the words “one hundred eighty
three (183) months after the Rent Commencement Date” in the definition of
“Scheduled Expiry Date” shall be deemed replaced by the words “one hundred
ninety five (195) months after the Rent Commencement Date” (provided, however,
if Lessee exercises the Fourth Extension Option concurrently with the First
Extension Option, the words “one hundred eighty three (183) months after the
Rent Commencement Date” in the definition of “Scheduled Expiry Date” shall be
deemed replaced by the words “one hundred ninety eight (198) months after the
Rent Commencement Date”);

 

  (ii) with respect to the Second Extension Option, the words “one hundred
ninety five (195) months after the Rent Commencement Date” in the definition of
“Scheduled Expiry Date” shall be deemed replaced by the words “two hundred seven
(207) months after the Rent Commencement Date” (provided, however, if Lessee
exercises the Fourth Extension Option concurrently with the Second Extension
Option, the words “one hundred ninety five (195) months after the Rent
Commencement Date” in the definition of “Scheduled Expiry Date” shall be deemed
replaced by the words “two hundred ten (210) months after the Rent Commencement
Date”);

 

  (iii) with respect to the Third Extension Option, the words “two hundred seven
(207) months after the Rent Commencement Date” in the definition of “Scheduled
Expiry Date” shall be deemed replaced by the words “two hundred nineteen (219)
months after the Rent Commencement Date” (provided, however, if Lessee exercises
the Fourth Extension Option concurrently with the Third Extension

 

-7-

--------------------------------------------------------------------------------

Option, the words “two hundred seven (207) months after the Rent Commencement
Date” in the definition of “Scheduled Expiry Date” shall be deemed replaced by
the words “two hundred twenty two (222) months after the Rent Commencement
Date”); and

 

  (iv) in the event Lessee does not exercise any of the First Extension Option,
the Second Extension Option or the Third Extension Option, but elects to
exercise the Fourth Extension Option, the words “one hundred eighty three (183)
months after the Rent Commencement Date” in the definition of “Scheduled Expiry
Date” shall be deemed replaced by the words “one hundred eighty six (186) months
after the Rent Commencement Date”.

 

For the avoidance of doubt, Lessor and Lessee acknowledge and agree that the
Fourth Extension Option may only be exercised once during the Term. Lessor and
Lessee further acknowledge and agree that all other provisions of the Lease
shall remain in full force and effect.

 

  2.4 Early Termination Option: Notwithstanding the other provisions of the
Lease, Lessee shall have the right to terminate the leasing of the Aircraft
hereunder on the date which corresponds to the Scheduled Expiry Date three (3)
months prior to the Scheduled Expiry Date (the “Early Termination Date”)
provided that:

 

  (a) Lessee shall give Lessor notice in writing (the “Termination Notice”) of
its exercise of such right not less than twelve (12) months prior to the Early
Termination Date, which notice once given shall be irrevocable;

 

  (b) no Significant Default nor any Event of Default shall have occurred and be
continuing on the date on which Lessee issues the Termination Notice or on the
Early Termination Date; and

 

  (c) upon receipt by Lessor of the Termination Notice given by Lessee in
respect of the Aircraft, the “Expiry Date” of the Aircraft Lease Agreement shall
be deemed to be the Early Termination Date, and the Lease shall be deemed to
have been so amended automatically, but all other provisions of the Lease shall
remain in full and unvaried force and effect.

 

  2.5 Guarantee: Lessee is required to provide a Guarantee by Guarantor in
accordance with Section 5.15 of the Common Terms Agreement and a legal opinion
of Lessee’s legal counsel (who may be Lessee’s in-house legal counsel) in
respect of the Guarantee in form and substance reasonably acceptable to Lessor.
Contemporaneously with entering into this Aircraft Lease Agreement, Lessor is
required to provide a guarantee of Lessor’s obligations hereunder by AFSI.
Lessor

 

-8-

--------------------------------------------------------------------------------

is required to provide a legal opinion of AFSI’s legal counsel (who may be
AFSI’s in-house legal counsel) in respect of such guarantee in form and
substance reasonably acceptable to Lessee.

 

  2.6 Pre-Delivery Adverse Change: Lessor will have the right prior to delivery
to cancel the Lease, if in Lessor’s judgment, acting reasonably and in good
faith, in relation to the date hereof there occurs, or could reasonably be
expected to occur within six (6) months of the date of Lessor’s determination,
any material adverse change in Lessee’s financial condition, its operations, its
liabilities, its business or its prospects, or in its ability to perform its
obligations contemplated hereunder or in the ability of Lessor to exercise any
right or remedy customarily afforded a lessor of aircraft to a Certificated Air
Carrier. Without limiting the generality of the foregoing, such a material
adverse change shall be deemed to have occurred if Lessee or Guarantor files, is
subject to an involuntary filing or announces that it is contemplating the
filing of, a petition in bankruptcy or voluntary petition seeking reorganization
in a proceeding under any bankruptcy or insolvency Laws.

 

  3. PAYMENTS

 

  3.1 Deposit: Lessee shall pay to Lessor the Deposit in cash (to which Deposit
Section 5.13 of the Common Terms Agreement shall apply), in the amounts and at
the times provided in Schedule B hereto.

 

  3.2 Rent: Lessee shall pay Rent to Lessor on each Rent Date during the Term in
the amount provided in Schedule B hereto and as provided in Sections 5.2 and 5.3
of the Common Terms Agreement. The first installment of Rent shall be due and
payable on the Rent Commencement Date as defined herein.

 

  3.3 Supplemental Rent: Lessee shall pay Supplemental Rent to Lessor on each
applicable date during the Term in the amounts provided in Schedule B hereto and
as provided in Section 5.4 of the Common Terms Agreement.

 

  3.4 Lessor’s Bank Account: For the purposes of Section 5.5 of the Common Terms
Agreement, Lessor’s bank account and wire transfer particulars, to which all
payments to Lessor shall be made, are at the date hereof: Deutsche Bank Trust
Company, New York, ABA Number 021-001-033, for the account of GE Capital
Aviation Services, Inc., as Manager, for credit to AFS Investments
[            ] LLC, Account Number 50-234-585.

 

  3.5 Lessor’s Maintenance Contribution: Lessor shall make maintenance
contribution payments as and to the extent provided in Section 7.2 of the Common
Terms Agreement.

 

-9-

--------------------------------------------------------------------------------

  3.6 Tax Indemnity: Lessor has assumed that MACRS Deductions (as defined in
Schedule B) shall be available to Lessor in respect of the leasing of the
Aircraft and that no more than ten percent (10%) of any items of income,
deduction, or loss in respect of the Aircraft or the leasing thereof will be
from foreign sources. The indemnification obligations of Lessee with respect
thereto are set forth in Part IV of Schedule B.

 

  3.7 MCPH: It is acknowledged that Lessee may wish (either at Delivery or
subsequently) to enroll the Engines into an engine maintenance agreement with GE
Engine Services (“GEES”) on a restored hour basis (the “GEES MCPH Agreement”).
If Lessee enters into the GEES MCPH Agreement, in lieu of the maintenance
contributions contemplated by Section 3.5 hereof, and provided no Significant
Default or Event of Default has occurred and is continuing as to which Lessor is
then exercising remedies, in connection with performance of an Engine
Refurbishment, Lessor shall pay directly to GEES the lesser of (a) the amount
required by the GEES MCPH Agreement at the relevant time, and (b) the balance of
the Supplemental Rent received and not previously disbursed by Lessor
corresponding to the Engine Refurbishment of the relevant Engine.

 

  4. CONDITION OF THE AIRCRAFT AT DELIVERY

 

  4.1 On the Delivery Date, as a condition to Lessee’s obligation to accept
delivery thereof, the Aircraft shall be in the condition provided in Part II of
Schedule A hereto. As promptly as practicable after Delivery, Lessee will
install a Nameplate in accordance with Section 8.6(a) of the Common Terms
Agreement which reads as follows:

 

“This [Aircraft] [Engine] is owned by AFS Investments [    ] LLC and is leased
to AirTran Airways, Inc. and may not be or remain in the possession of or be
operated by, any other person without the prior written consent of AFS
Investments [    ] LLC.”

 

  4.2 It is intended that Lessor shall acquire the Aircraft from the
Manufacturer for the purpose of leasing it to Lessee hereunder. Notwithstanding
the terms of the Common Terms Agreement:

 

  (a) the Scheduled Delivery Date shall be the date notified by the Manufacturer
as the date for delivery of the Aircraft under the aircraft purchase agreement;

 

  (b) the Pre-Delivery Procedure referenced in Section 4.2 of the Common Terms
Agreement shall be carried out immediately prior to such acquisition of the
Aircraft; and

 

-10-

--------------------------------------------------------------------------------

  (c) Lessor will offer to deliver the Aircraft to Lessee at the Delivery
Location immediately subsequent to such acquisition.

 

  5. CONDITION OF THE AIRCRAFT AT REDELIVERY

 

  5.1 On the Return Occasion, Lessee shall redeliver the Aircraft to Lessor at
the Redelivery Location or, if applicable, as specified in Section 13.2 of the
Common Terms Agreement, and at such redelivery the Aircraft shall be in the
condition provided in Part III of Schedule A hereto and in the Common Terms
Agreement, including Schedule 6 of the Common Terms Agreement.

 

  6. ADDRESSES FOR NOTICES

 

The addresses and facsimile and telephone numbers of Lessor and Lessee are as
follows:

 

Lessor:

   AFS Investments [    ] LLC

Address:

   c/o GE Capital Aviation Services, Inc.      201 High Ridge Road     
Stamford, Connecticut 06927

Attention:

   Contracts Leader

Facsimile:

   [                ]

Telephone:

   [                ]

Email:

   notices@gecas.com

 

With a copy to:

 

GE Capital Aviation Services, Inc.

Address:

   201 High Ridge Road      Stamford, Connecticut 06927

Attention:

   Contracts Leader

Facsimile:

   [                ]

Telephone:

   [                ]

Email:

   notices@gecas.com

 

Lessee:

   AirTran Airways, Inc.

Address:

   9955 AirTran Boulevard      Orlando, Florida 32827

Attention:

   General Counsel

Facsimile:

   [                ]

Telephone:

   [                ]

Email:

   [                ]

 

-11-

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  7. THE SCHEDULES AND COMMON TERMS AGREEMENT

 

ALL THE PROVISIONS OF SCHEDULE A HERETO, SCHEDULE B HERETO AND THE COMMON TERMS
AGREEMENT ARE INCORPORATED BY REFERENCE HEREIN AND ARE PART OF THIS AIRCRAFT
LEASE AGREEMENT AS IF THEY WERE SET OUT IN FULL HEREIN.

 

-12-

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  8. NO AMENDMENT EXCEPT IN WRITING

 

No provision of this Lease, including any provision of Schedule A, Schedule B or
the Common Terms Agreement, may be amended, rescinded, changed, waived,
discharged, terminated or otherwise modified in any way whatsoever, except by a
writing signed by the party to be charged. Pursuant to and to comply with
Section (2) of Section 2A-208 of the UCC, if and to the extent applicable,
Lessor and Lessee acknowledge their agreement to the provisions of this Section
8 by their signatures below.

 

IN WITNESS WHEREOF, the parties hereto have executed this Aircraft Lease
Agreement, each by their duly authorized representative(s), as of the date shown
at the beginning of this Aircraft Lease Agreement.

 

LESSOR:

AFS INVESTMENTS [ ] LLC

by its member AFS Investments [ ], Inc.

     

LESSEE:

AIRTRAN AIRWAYS, INC.

By:

 

--------------------------------------------------------------------------------

      By:  

 

--------------------------------------------------------------------------------

Name:

 

--------------------------------------------------------------------------------

      Name:  

 

 

--------------------------------------------------------------------------------

Title:

 

--------------------------------------------------------------------------------

      Title:  

 

--------------------------------------------------------------------------------

 

 

-S-

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SCHEDULE A

 

PART I-AIRFRAME AND ENGINES DESCRIPTION

 

AIRCRAFT

 

Manufacturer:

   Boeing

Model:

   B737-700

Serial Number:

   To be advised thirty (30) days before Delivery and included in Lease
Supplement No. 1

Registration No.

   To be advised at Delivery and included in Lease Supplement No. 1

 

ENGINES (each of which has 750 or more rated takeoff horsepower or the
equivalent of such horsepower)

 

Engine Type:      

  CFM56-7B20

Serial Nos:

  To be advised thirty (30) days before Delivery and included in Lease
Supplement No. 1

 

A-1

--------------------------------------------------------------------------------

SCHEDULE A

 

PART II

 

***

--------------------------------------------------------------------------------

*** 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.

 

A-2

--------------------------------------------------------------------------------

SCHEDULE A

 

PART III

 

***

--------------------------------------------------------------------------------

*** 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.

 

A-3

--------------------------------------------------------------------------------

SCHEDULE A

 

PARTS II AND III

 

[FAA]

 

INTENTIONALLY DELETED FROM THE VERSION OF THIS DOCUMENT FILED WITH THE FAA AS
CONTAINING CONFIDENTIAL AND PROPRIETARY INFORMATION

 

A-4

--------------------------------------------------------------------------------

SCHEDULE B

 

***

--------------------------------------------------------------------------------

*** 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.

 

B-1

--------------------------------------------------------------------------------

SCHEDULE B

 

[FAA]

 

INTENTIONALLY DELETED FROM THE VERSION OF THIS DOCUMENT FILED WITH THE FAA AS
CONTAINING CONFIDENTIAL AND PROPRIETARY INFORMATION

 

B-2