EX-4.20



 Exhibit 4.20 

Execution Version 

ACKNOWLEDGMENT AND AGREEMENT 
 (2017-1) 
 dated as of March 31, 2017 

AMONG 
 CITIBANK, N.A., 

as initial Liquidity Provider, 

NATIONAL AUSTRALIA BANK LIMITED, 

as Replacement Liquidity Provider, 

AMERICAN AIRLINES, INC., 
 AND

 WILMINGTON TRUST COMPANY, 

not in its individual capacity except 

as expressly set forth herein but 

solely as Subordination Agent 
  

 







 Execution Version 

ACKNOWLEDGMENT AND AGREEMENT (2017-1) 

ACKNOWLEDGMENT AND AGREEMENT (2017-1) (this “Acknowledgment Agreement”), dated as of
March 31, 2017, among AMERICAN AIRLINES, INC., a Delaware corporation (“American”); CITIBANK, N.A., a national banking association (“CITI”), as initial Liquidity Provider; NATIONAL AUSTRALIA BANK LIMITED, a
company incorporated in the Commonwealth of Australia (“NAB”), as Replacement Liquidity Provider; and WILMINGTON TRUST COMPANY, a Delaware trust company, not in its individual capacity, but solely as Subordination Agent and trustee
under the Intercreditor Agreement referred to below (in such capacity, together with any duly appointed successor, the “Subordination Agent”). 

W I T N E S S E T H: 

WHEREAS, Wilmington Trust Company, not in its individual capacity but solely as Trustee under the American Airlines Pass Through Trust 2017-1AA (in such capacity, the “Class AA Trustee”), the American Airlines Pass Through Trust 2017-1A (in such capacity, the “Class A
Trustee”) and the American Airlines Pass Through Trust 2017-1B (in such capacity, the “Class B Trustee”, and together with the Class AA Trustee and the
Class A Trustee, the “Trustee”), Citi, as Liquidity Provider, and Wilmington Trust Company, not in its individual capacity except as expressly set forth therein, but solely as Subordination Agent thereunder, are parties to the
Intercreditor Agreement, dated as of January 13, 2017 (the “Intercreditor Agreement”); 
 WHEREAS, Citi, as Liquidity
Provider, and Wilmington Trust Company, not in its individual capacity but solely as Subordination Agent under the Intercreditor Agreement, as agent and trustee for the trustee of the American Airlines Pass Through Trust 2017-1AA (the “Class AA Trust”), have entered into the Revolving Credit Agreement (2017-1AA), dated as of January 13, 2017 (the
“Original Class AA Liquidity Facility”); 
 WHEREAS, Citi, as Liquidity Provider, and Wilmington Trust
Company, not in its individual capacity but solely as Subordination Agent under the Intercreditor Agreement, as agent and trustee for the trustee of the American Airlines Pass Through Trust 2017-1A (the
“Class A Trust”), have entered into the Revolving Credit Agreement (2017-1A), dated as of January 13, 2017 (the “Original Class A Liquidity
Facility”); 
 WHEREAS, Citi, as Liquidity Provider, and Wilmington Trust Company, not in its individual capacity but solely as
Subordination Agent under the Intercreditor Agreement, as agent and trustee for the trustee of the American Airlines Pass Through Trust 2017-1B (the “Class B Trust”), have
entered into the Revolving Credit Agreement (2017-1B), dated as of January 13, 2017 (the “Original Class B Liquidity Facility”, and together with the Original
Class AA Liquidity Facility and the Original Class A Liquidity Facility, the “Original Liquidity Facilities” and each an “Original Liquidity Facility”); 

WHEREAS, American Airlines wishes to replace Citi as Liquidity Provider under each Original Liquidity Facility with NAB; 







 WHEREAS, NAB, as Liquidity Provider, and Wilmington Trust Company, not in its individual capacity
but solely as Subordination Agent under the Intercreditor Agreement, as agent and trustee for the trustee of the Class AA Trust, are entering into the Revolving Credit Agreement (2017-1AA), dated as of
March 31, 2017 (the “Class AA Replacement Liquidity Facility”); 
 WHEREAS, NAB, as Liquidity
Provider, and Wilmington Trust Company, not in its individual capacity but solely as Subordination Agent under the Intercreditor Agreement, as agent and trustee for the trustee of the Class A Trust, are entering into the Revolving Credit
Agreement (2017-1A), dated as of March 31, 2017 (the “Class A Replacement Liquidity Facility”); 

WHEREAS, NAB, as Liquidity Provider, and Wilmington Trust Company, not in its individual capacity but solely as Subordination Agent under the
Intercreditor Agreement, as agent and trustee for the trustee of the Class B Trust, are entering into the Revolving Credit Agreement (2017-1B), dated as of March 31, 2017 (the
“Class B Replacement Liquidity Facility”, and together with the Class AA Replacement Liquidity Facility and the Class A Replacement Liquidity Facility, the “Replacement Liquidity
Facilities” and each a “Replacement Liquidity Facility”); and 
 WHEREAS, the parties hereto desire to acknowledge
the replacement of Citi by NAB as Liquidity Provider; 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained and of
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.1    Definitions. Except as otherwise defined in this Acknowledgment Agreement, terms defined in
Section 1.01 of the Intercreditor Agreement are used herein as defined therein. 
 ARTICLE II 

REQUEST TO SUBORDINATION AGENT 

SECTION 2.1    Request. Pursuant to Section 3.05(e)(i) of the Intercreditor Agreement, American hereby requests the
Subordination Agent to execute and deliver this Acknowledgment Agreement, each Replacement Liquidity Facility and the Fee Letter from NAB to the Subordination Agent, each dated as of the date hereof. 

  
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 ARTICLE III 

REPLACEMENT OF LIQUIDITY FACILITIES 

SECTION 3.1    Termination of Original Liquidity Facilities. Each of the parties hereto hereby acknowledges and
agrees that, as of the date hereof, each Original Liquidity Facility shall be terminated and shall no longer be the “Liquidity Facility” under the Intercreditor Agreement and that Citi shall no longer be, nor have any of the rights or
obligations of, the “Class AA Liquidity Provider”, “Class A Liquidity Provider” and “Class B Liquidity Provider” under the Intercreditor Agreement and each Original Liquidity Facility (except with respect
to any outstanding fees payable under its Fee Letter with respect to each Original Liquidity Facility or provisions set forth in the Original Liquidity Facilities that expressly survive termination), and all obligations of Citi as the
“Liquidity Provider” thereunder and under any of the other Operative Agreements shall irrevocably terminate and be of no further force and effect. The parties hereto confirm that no amounts whatsoever are payable by or to Citi, as
“Liquidity Provider” pursuant to the Original Liquidity Facilities, the Intercreditor Agreement or any other Operative Agreement. The Subordination Agent confirms that, as of the date hereof, it has not requested any Advance under any of
the original Liquidity Facilities. 
 SECTION 3.2    Replacement Liquidity Facility. Each of the parties hereto
hereby acknowledges and agrees that, as of the date hereof, each Replacement Liquidity Facility shall be the “Liquidity Facility” under the Intercreditor Agreement (each as a “Replacement Liquidity Facility” thereunder), and that
NAB shall be, and shall have all the rights and obligations of, the “Liquidity Provider” under the Intercreditor Agreement (as a “Replacement Liquidity Provider” thereunder). 

ARTICLE IV 
 MISCELLANEOUS 

SECTION 4.1    Miscellaneous. The Intercreditor Agreement and the other Operative Agreements (other than the
Original Liquidity Facilities and the original Fee Letter relating to the Original Liquidity Facilities) shall remain unchanged (except to the extent expressly provided herein) and in full force and effect, and each party hereto (other than Citi)
hereby ratifies and confirms in all respects all of its obligations thereunder. Each party hereto agrees to execute and deliver all such further agreements or documents, if any, as shall be necessary to give effect to the provisions of this
Acknowledgment Agreement. This Acknowledgment Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Acknowledgment Agreement
by signing any such counterpart. THIS ACKNOWLEDGMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. The parties hereby agree that the provisions of Sections 9.11(a)(i) and (ii) of the
Intercreditor Agreement shall be incorporated herein as if set forth in full herein, and each of the parties hereby irrevocably and unconditionally makes the submissions and agreements and gives the consents and waivers described in such Sections
9.11(a)(i) and (ii) in respect of any action, claim, proceeding or judgment relating to this Acknowledgment Agreement. 
 [Signature
Page to Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgment Agreement to be duly
executed by their respective officers thereunto duly authorized, as of the day and year first above written, and acknowledge that this Acknowledgment Agreement has been made and delivered in the City of New York, and this Acknowledgment Agreement
has become effective only upon such execution and delivery. 
  

			
	AMERICAN AIRLINES, INC.,
		
	By	 	 /s/ Thomas T. Weir

		 	Name:  Thomas T. Weir
		 	Title:    Vice President and Treasurer
	
	CITIBANK, N.A.,
		
	By	 	 /s/ Meghan O’Connor

		 	Name:  Meghan O’Connor
		 	Title:    Vice President
	
	 WILMINGTON TRUST COMPANY,
 not in
its individual capacity except as expressly set forth herein but solely as Subordination Agent

		
	By	 	 /s/ Adam R. Vogelsong

		 	Name:  Adam R. Vogelsong
		 	Title:    Vice President
	
	NATIONAL AUSTRALIA BANK LIMITED
		
	By	 	 /s/ Daniel Carr

		 	Name:  Daniel Carr
		 	Title:    Director


 Signature Page to Acknowledgment Agreement 

(2017-1)