| EXHIBIT      10.40(p)                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| CONFIDENTIAL      TREATMENT                                                                                                                                                                                                                                                    |
| REQUESTED      PURSUANT TO RULE 24b-2                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                           |
| Certain      portions of this exhibit have been omitted pursuant to a request for      confidential treatment under Rule 24b-2 of the Securities Exchange Act of      1934. The omitted materials have been filed separately with the Securities      and Exchange Commission. |

| 1.   | [*]: |
|----------------|------|

| 1.1  | Article      1 of the Letter Agreement shall be amended to insert the      following  [*] |
|-----------|-----------------------------------------------------------------------------------------------------|
|      |                                                                                                |
| 1.2  | All      [*]   shall be [*].                                                         |

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| EMBRAER      – Empresa Brasileira de Aeronáutica S.A. |   |   | Republic      Airline Inc.    |   |
|------------------------------------------------------------------|--------|--------|-------------------------------|--------|
|                                                             |   |   |                          |   |
| By:      /s/ Mauro Kern Junior                                   |   |   | By:      /s/ Bryan Bedford    |   |
| Name:      Mauro Kern Junior                                     |   |   | Name: Bryan      Bedford |   |
| Title: Executive      Vice President Airline Market         |   |   | Title:      President, CEO    |   |

|                                                        |   |   |                     |   |
|-------------------------------------------------------------|--------|--------|--------------------------|--------|
| By:      /s/ José Luis D.      Molina                  |   |   |                     |   |
| Name:      José      Luis D. Molina                    |   |   | Date:      Nov. 10, 2008 |   |
| Title:      Vice President Contracts Airline Market         |   |   | Place:      Indianapolis |   |
|                                                        |   |   |                     |   |
|                                                        |   |   |                     |   |
| Date:      November 11, 2008                                |   |   |                     |   |
| Place:      São      José      Dos Campos, Brazil |   |   |                     |   |

|                                    |   |   |                               |   |
|-----------------------------------------|--------|--------|------------------------------------|--------|
| Witness:      /s/ Carlos Martins Dutras |   |   | Witness:      /s/ Lars-Erik Arnell |   |
| Name:      Carlos Martins Dutras        |   |   | Name:      Lars-Erik Arnell        |   |
|                                    |   |   |                               |   |

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