Exhibit 10.3

 

Amendment N°3

 

to the Airbus A330/A350XWB Purchase Agreement

 

Dated as of January 31, 2008

 

Between

 

AIRBUS S.A.S.

 

And

 

HAWAIIAN AIRLINES, INC.

 

This Amendment N°3 between Airbus S.A.S. and Hawaiian Airlines, Inc.,
(hereinafter referred to as the “Amendment”) is entered into as of March 3,
2010, by and between Airbus S.A.S., organized and existing under the laws of the
Republic of France, having its registered office located at 1, Rond-Point
Maurice Bellonte, 31700 Blagnac, France (hereinafter referred to as the
“Seller”), and Hawaiian Airlines, Inc. a corporation, organized and existing
under the laws of the State of Delaware, United States of America, having its
principal corporate offices located at 3375 Koapaka Street, Ste. G-350,
Honolulu, Hawaii, 96819, USA (hereinafter referred to as the “Buyer”).

 

WITNESSETH

 

WHEREAS, the Buyer and the Seller have entered into an Airbus A330/A350XWB
Purchase Agreement dated as January 31, 2008 which agreement, as previously
amended by and supplemented with all exhibits, appendices, letter agreements and
amendments, including Amendment No. 1 dated as of June 26, 2008 and Amendment
No. 2 dated as of November 27, 2009, (collectively, the “Agreement”), relates to
the sale by the Seller and the purchase by the Buyer of certain aircraft; and

 

WHEREAS, the Buyer and the Seller wish to amend certain provisions of the
Agreement as set forth herein.

 

NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

 

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.

 

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[**] – Confidential treatment has been requested for the bracketed portions. 
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

 

Confidential

 

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1.                                      A330-200 PURCHASE RIGHT AIRCRAFT

 

1.1                                 The Seller will manufacture, sell and
deliver, and the Buyer will purchase and take delivery of an additional one
(1) A330-200 Purchase Right Aircraft from the Seller, subject to the terms and
conditions in the Amendment and the Agreement (the “N(o)1 A330-200 Purchase
Right Aircraft”).  Except as set forth in this Amendment, all terms and
conditions in the Agreement that are applicable to A330-200 Purchase Right
Aircraft will apply to the N(o)1 A330-200 Purchase Right Aircraft.

 

1.2                                 The Seller acknowledges having received a
Purchase Right Fee [**] for the N(o)1 A330-200 Purchase Right Aircraft. 
Notwithstanding the table in Clause 5.2.3 of the Agreement, the balance of the
first (1st), second (2nd), third (3rd) and fourth (4th) Predelivery Payment
[**]; all subsequent Predelivery Payments will be due and payable in accordance
with the schedule in such Clause 5.2.3 of the Agreement.

 

1.3                                 Paragraph 2.2 (i) of Letter Agreement No. 3
is hereby deleted and replaced with the following text between quotes:

 

QUOTE

 

[**]

 

UNQUOTE

 

2.                                      DELIVERY

 

2.1                                 As a consequence of Paragraph 1 above, the
delivery schedule set forth in Clause 9.1.1 of the Agreement with respect to
A330-200 Aircraft is hereby deleted in its entirety and replaced with the
following between QUOTE and UNQUOTE:

 

QUOTE

 

Aircraft N°1*

 

2nd Quarter 2011

Aircraft N°2

 

1st Quarter 2012

Aircraft N°3

 

2nd Quarter 2012

Aircraft N°4

 

1st Quarter 2013

Aircraft N°5

 

2nd Quarter 2013

Aircraft N°6

 

2nd Quarter 2013

Aircraft N°7

 

1st Quarter 2014

 

* A330-200 Purchase Right Aircraft

 

UNQUOTE

 

2.2                                 The N(o)1 A330-200 Purchase Right Aircraft
will have a Scheduled Delivery Month of April 2011.

 

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[**] – Confidential treatment has been requested for the bracketed portions. 
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

 

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3.                                      SPECIFICATION

 

3.1                                 The Contractual Definition Freeze date for
the N(o)1 A330-200 Purchase Right Aircraft shall be of even date hereof.

 

4.                                      EFFECT OF THE AMENDMENT

 

The provisions of this Amendment are binding on both parties upon execution
hereof. 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 said Agreement, that the provisions of said Agreement are hereby
incorporated herein by reference, and that this Amendment will be governed by
the provisions of said Agreement, except that if the Agreement and this
Amendment have specific provisions that are inconsistent, the specific
provisions contained in this Amendment will govern.

 

5.                                      CONFIDENTIALITY

 

This Amendment is subject to the confidentiality provisions set forth in Clause
22.9 of the Agreement.

 

6.                                      COUNTERPARTS

 

This Amendment may be signed in any number of separate counterparts.  Each
counterpart, when signed and delivered (including counterparts delivered by
facsimile transmission), will be an original, and the counterparts will together
constitute one and the same instrument.

 

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[**] – Confidential treatment has been requested for the bracketed portions. 
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

 

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If the foregoing correctly sets forth your understanding, please execute the
original and one (1) copy hereof in the space provided below.

 

Very truly yours,

 

 

 

AIRBUS S.A.S.

 

 

 

 

 

 

 

By:

/s/ Christophe Mourey

 

 

 

 

Its:

Senior Vice President Contracts

 

 

 

 

 

 

Accepted and Agreed

 

 

 

Hawaiian Airlines, Inc.

 

 

 

 

By:

/s/ Charles R. Nardello

 

 

 

 

Its:

Sr. Vice President – Operations

 

 

 

 

and

 

 

 

 

 

By:

/s/ Hoyt H. Zia

 

 

 

 

Its:

Sr. Vice President, General Counsel & Corporate Secretary

 

 

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[**] – Confidential treatment has been requested for the bracketed portions. 
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

 

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