EX-10.5.25



 Exhibit 10.5.25 

AMENDMENT No. 25 
 TO THE A320 FAMILY PURCHASE AGREEMENT 
 BETWEEN 

ATLANTIC AIRCRAFT HOLDING LIMITED 
 AIRBUS S.A.S. 
 [*] Represents material which has been redacted and filed seperately with
the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended 
  

					
	Ref: CT1201240	 	1/11	 	









  
 2/11









 AMENDMENT No 25 
 This Amendment No 25 to the A320 Family Purchase Agreement dated as of March 19, 1998 (hereinafter referred to as the “Amendment No 25”) between AIRBUS S.A.S. and ATLANTIC AIRCRAFT HOLDING
LIMITED is made as of the day of March, 2012. 
 BETWEEN 
 AIRBUS S.A.S., a societe par actions simplifiee, formerly known as Airbus G.I.E. created and existing under French law having its registered office at 1Rond-Point Maurice Bellante, 31707
Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (hereinafter referred to as the “Seller”) 
 AND 
 ATLANTIC AIRCRAFT HOLDING UMITED, having its principal office at c/o the Winterbotham Trust
Company limited, Winterbotham Place, Marlborough and Queen Streets. NASSAU, BAHAMAS (hereinafter referred to as the “Buyer”) 
 The
Buyer and the Seller being together the “Parties” and each the “Party”. 
 WHEREAS 

 

	A -	The Buyer and the Seller have entered into an A320 Family Purchase Agreement dated March 19, 1998 (hereinafter referred to, together with its Exhibits and .Letter
Agreements as amended and supplemented from time to time, as the “Purchase Agreement”) covering the purchase by the Buyer and the sale by the Seller of thirty two (32) A320 Family Aircraft No 1 to No 32 (the “Aircraft”).


  

	B -	The Buyer and the Seller have entered into an amendment No 1 to the Purchase Agreement dated September 9, 1998 (the “Amendment No 1”), covering the [*] )
Firm A319-100 Aircraft (to December 1999 and January 2000). 

  

	C -	The Buyer and the Seller have entered into an amendment no 2 to the Purchase Agreement dated December 28, 1999 (the “Amendment No 2”) covering:


  

	 	(i)	The [*] A320-200 Aircraft [*] and the 

  

	 	(ii)	[*] A320-200 Aircraft, and 

  

	 	(iii)	the [*] A320-200 Aircraft [*] Firm A320-200 Aircraft. 

  

	D -	[*] . Simultaneously, the Buyer and the Seller have entered into an amendment no 3 (the “Amendment No 3”) to the Purchase Agreement dated December 29,
1999 covering the modification of certain provisions of the Letter Agreement No 1 of the Purchase Agreement. 

  

  
 [*] Represents material
which has been redacted and filed seperately with the Securities and Exchange Commission pursuant Ref: CT1201240 to a request for confidential treatment pursuant 3/10 to Rule 406 under the Securities Act of 1933, as amended 

Ref: CT12012 40 


  
 3/11










	E -	The Buyer and the Seller have entered into an amendment no 4 to the Purchase Agreement dated February 1st, 2000 (the “Amendment No 4”) covering:


  

	 	(i)	the [*] A320-200 Aircraft [*] and its [*] A320-200 Aircraft, and 

  

	 	(ii)	the [*] A320-200 Aircraft [*] firm A319-100 Aircraft. 

  

	F -	The Buyer and the Seller have entered Into amendment no 5 to the Purchase Agreement dated April 6, 2001 (the “Amendment No 5”) covering:


  

	 	(i)	the [*] A32Q-200 Aircraft [*] Firm No 41) and the [*] A32Q-200 Aircraft (No 44), and 


 

	 	(ii)	the [*] A320-200 Aircraft ([*] Firm No 42) [*] Firm A319-100 Aircraft (Firm No [*]). 


 

	 	(iii)	the [*] A320-200 Aircraft [*] Firm No 43) and the [*] A320-200 Aircraft (No 46), and 


 

	 	(iv)	the [*] A320-200 Aircraft ([*] Firm No 44) with [*] Firm A319-100 Aircraft (Firm No 32 [*]). 


 

	G -	The Buyer and the Seller have entered into an amendment no 6 to the Purchase Agreement dated April9, 2001 (the “Amendment No 6”) covering the rescheduling of
certain Delivery Dates related to firm Aircraft No 13, 14 and 40 (all of which were scheduled to be delivered in December 2001) which [*] firm Aircraft No 45 (September 2001), No 46 (October 2001) and No 47 (October 2001) and additionally firm
Aircraft No 18 [*] an A320-200 Aircraft [*]. 

  

	H -	[*] 

  

  
 A320 Family
-TAI-Amendment No 25 
 Ref: CT1201240 


  
 4/11










	J -	The Buyer and the Seller have entered into amendment no 9 to the Purchase Agreement dated December 6, 2002 (the “Amendment No 9”) covering the
rescheduling of the Delivery Date of the firm Aircraft No 22 from August 2003 to June 2003. 

  

	K -	The Buyer and the Seller have entered into amendment no 10 to the Purchase Agreement dated October 30, 2003 (the “Amendment No 10”)
covering the rescheduling of the Delivery Date of firm A320-200 Aircraft No 46 and 47 respectively from May and June 2004 to October and November 2004. 


 

	L -	The Buyer and the Seller have entered into an amendment no 11 to the Purchase Agreement dated November 18, 2004 (the “Amendment No 11”)
covering simultaneously: 

  

	 	(i)	the termination of the [*], and 

  

	 	(ii)	the cancellation and termination of Amendment No 3 [*] stated in paragraph 1of Letter Agreement No 1 to the Purchase Agreement. 


 

	M -	The Buyer and the Seller have entered into an amendment no 12 to the Purchase Agreement dated November 18,2004 (the “Amendment No 12”)
covering: 

  

	 	(i)	the[*] of Aircraft No 44, 17, 37 [*] A320 [*] A321[*] and No 18, 36 and 21 A320 [*] A319 [*] 


 

	N -	The Buyer and the Seller have entered into an amendment no 13 to the Purchase Agreement dated November 18, 2004 (the “Amendment No 13”),
covering: 

  

	 	(i)	[*] . 

  

	O -	The Buyer and the Seller have entered into amendment no 14 to the Purchase Agreement dated February 28,2006 {the “Amendment No 14”),
covering: 

  

	 	(i)	[*], 

  

	 	(ii)	AIRMAN software, 

  

	 	(iii)	AOOC Job Cards Package, AOOC Consultation Package, and AirNav and/or AOOC Navigator Based Consultation 


 

	 	(iv)	[*] . 

  

	P -	The Buyer and the Seller have entered into amendment no 15 to the Purchase Agreement dated June 22, 2007 (the ‘‘Amendment No 15”),
covering: [*] 

  

	Q -	The Buyer and the Seller have entered into amendment no 16 to the Purchase Agreement dated November 22, 2007 (the “Amendment No 16”) ,
covering the order of three (3) additional A319-100 aircraft and twelve (12) additional A320-200 aircraft. 

  

	R -	 The Buyer and the Seller have entered into amendment no 17 to the Purchase Agreement dated April151 2008 (the “Amendment No 17”), to
amend certain provisions of the [*] 


  

  
 [*] Represents material
which has been redacted and filed seperately with the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended 

Ref: CT12012 40 


  
 5/11










	S -	The Buyer and the Seller have entered into amendment no 18 to the Purchase Agreement dated January 30th, 2009 (the “Amendment No 18”), covering:


  

	 	(i)	the rescheduling of the Delivery Oates of the Aircraft No 60 and 61, [*] 

  

	T -	The Buyer and the Seller have entered into amendment no 19 to the Purchase Agreement dated April 28th, 2009 (the “Amendment No 19”), covering:


  

	 	(i)	the [*] of the Aircraft No 58, 62 and 65, 

  

	 	(ii)	the change of the Delivery Dates of the Aircraft No 58, 62 and 65, 

  

	U -	The Buyer and the Seller have entered into amendment no 20 to the Purchase Agreement dated February 10th, 2010 (the “Amendment No 20”), covering:


  

	 	(i)	the rescheduling of the Delivery Oates of the Aircraft No 58 and 65, 

  

	 	(ii)	[*] 

  

	 	(iii)	[*] s. 

  

	V -	The Buyer and the Seller have entered into amendment no 21 to the Purchase Agreement dated 29 April, 2011 (the “Amendment No 21”), covering the [*] of
the Aircraft No 64. 

  

	W -	The Buyer and the Seller have entered into amendment no 22 to the Purchase Agreement dated 26 August, 2011(the “Amendment No 22”), covering:


  

	 	(i)	the rescheduling of the Delivery Date of Aircraft No 61, 

  

	 	(ii)	the [*] and the rescheduling of the Delivery Dates of Aircraft No 66 and 67. 


 

	X -	The Buyer and the Seller have entered into amendment no 23 to the Purchase Agreement dated 25 October, 2011 (the “Amendment No 23”), covering:


  

	 	(i)	the rescheduling of the Delivery Date of Aircraft No 58, 

  

	 	(ii)	the [*] and the rescheduling of the Delivery Dates of Aircraft No 68 and 69. 


 

	Y -	The Buyer and the Seller have entered into amendment no 24 to the Purchase Agreement dated- March, 2012 (the “Amendment No 24”), covering:


  

	 	(i)	the rescheduling of the Delivery Date of Aircraft No 65, 

  

	 	(ii)	the [*] and the rescheduling of the Delivery Dates of Aircraft No 60, 70, 71, 72, 73, 74, 75 and 76. 


 

	Z -	As used hereafter, the terms “Purchase Agreement” and “A320 Family Purchase Agreement” mean the Purchase Agreement together with all Exhibits and
schedules thereto as amended to date by Amendments No1 to 24, inclusive. 

 NOW THEREFORE IT IS AGREED AS FOLLOWS: 

 

  
 A320 Family - TAI -
Amendment No 25                        S/10 
 Ref: CT1201240 
 A320 Family - TAI - Amendment No 25 

Ref: CT1201240 


  
 6/11










	1.	DEFINITIONS 

 For the purposes of
this Amendment No 25, the A319-100, A320-200 and the A321-200 ordered by the Buyer under the Purchase Agreement, scheduled for Delivery from 2012 onward, and bearing rank numbers 58, 60, 61, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75 and 76,
shall be collectively referred to as “TAl A320 Family Backloa Aircraft”. 
  

	2.	As a result of AviancaTaca Holding S.A. (“AviancaTaca”) and Airbus S.A.S having entered into an A320 Family & A320 NEO Family Purchase Agreement
covering the sale by Airbus S.A.S. and the purchase by AviancaTaca of fifty-one (51) A320 Family aircraft (the “AVTA 2011 Ordered Aircraft”), such agreement being dated as of the 27th December 2011 (the “AVTA 2011 Purchase
Agreement”), [*] signed between AviancaTaca and Airbus S.A.S. on 22nd June 2011 (the “AVTA 2011 MoU”), the Parties have agreed that the scope of this Amendment W25 is: 


 

	 	(i)	to amend the [*] the TAl A320 Family Backlog Aircraft, 

  

	 	(ii)	to specify under which terms and conditions such [*] amendment will be implemented. 

 *[Three pages have been omitted in accordance with a request for confidential treatment.] 

  
 A320 Family- TAI-
Amendment No 25 
 Ref: CT1201240 


  
 7/11










  
 A320 Family- TAI-
Amendment No 25 
 Ref: CT1201240 


  
 8/11










	5.2	[*] 

  

	5.	MISCELLANEOUS 

 It is hereby
agreed that all terms and conditions of the Purchase Agreement, as amended hereby, including its Exhibits and letter Agreements shall remain in full force and effect and shall apply to this Amendment No 25 except as expressly modified by this
Amendment No 25. 
 In case of any inconsistency between this Amendment No 25 and the Purchase Agreement, this Amendment No 25
shall prevail. 

  
 A320 Family- TAI
-Amendment No 25 
 Ref: CT1201240 


  
 9/11









 This Amendment No 25 together with the Purchase Agreement, its Exhibits, Letter Agreements, and amendments
to date contain the entire agreement between the Parties with respect to the subject matter hereof and supersede any previous understandings, commitments and/or representations whatsoever oral and written with respect to such subject matter.

 This Amendment No 25 is executed in two original English counterparts, each of which is an original and both of which together evidence the
same agreement. This Amendment W25 shall not be varied or modified except by an instrument in writing executed by both Parties or by their duly authorised representatives. 
 This Amendment No 25 shall be governed by and construed and performance thereof shall be determined in accordance with the laws of France. 

  

	[*]	Represents material which has been redacted and filed seperately with the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant
to Rule 406 under the Securities Act of 1933, as amended. 

  


 A320 Family- TAI- Amendment No 25 
 Ref: CT1201240 
 10/11 








 IN WITNESS WHEREOF this Amendment No2S was entered into the day and year above written. 

 

			
	ATLANTIC AIRCRAFT HOLDING	 	AIRBUS S.A.S.
	UMITEO	 	
		
	By:	 	
		
		 	(ILLEGIBLE )
		
	Its:	 	Its


  
 A320 Family
-TAI-Amendment No 25 
 Ref: CT1201240 


  
 11/11