Document:

Exhibit 10.1

Amendment No. 30

to the A320 Purchase Agreement

Dated as of April 20, 1999

between

AVSA, S.A.R.L.

and

JetBlue Airways Corporation

This Amendment No. 30 (hereinafter referred to as the ‘‘Amendment’’) is entered into as of March 26, 2007 between AIRBUS, S.A.S. (legal successor to AVSA, S.A.R.L.), 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 JetBlue Airways Corporation, a corporation organized and existing under the laws of the State of Delaware, United States of America, having its principal corporate offices located at 118-29 Queens Boulevard, Forest Hills, New York 11375 USA (hereinafter referred to as the ‘‘Buyer’’).

WITNESSETH

WHEREAS, the Buyer and the Seller entered into an A320 Purchase Agreement, dated as of April 20, 1999, relating to the sale by the Seller and the purchase by the Buyer of certain Airbus A320-200 aircraft (the ‘‘Aircraft’’), including twenty-five option aircraft (the ‘‘Option Aircraft’’), which, together with all Exhibits, Appendixes and Letter Agreements attached thereto and as amended by Amendment No. 1, dated as of September 30, 1999, Amendment No. 2, dated as of March 13, 2000, Amendment No. 3, dated as of March 29, 2000, Amendment No. 4, dated as of September 29, 2000, Amendment No. 5 dated as of November 7, 2000, Amendment No. 6 dated as of November 20, 2000, Amendment No. 7 dated as of January 29 2001, Amendment No. 8 dated as of May 3, 2001, Amendment No. 9 dated as of July 18, 2001, Amendment No. 10 dated as of November 16, 2001, Amendment No. 11 dated as of December 31, 2001, Amendment No. 12 dated as of April 19, 2002, Amendment No. 13 dated as of November 22, 2002, Amendment No. 14 dated as of December 18, 2002 and Amendment No. 15 dated as of February 10, 2003, Amendment No. 16 dated as of April 23, 2003, Amendment No. 17 dated as of October 1, 2003, Amendment No. 18 dated as of November 12, 2003, Amendment No. 19 dated as of June 4, 2004, Amendment No. 20 dated as of June 7, 2004, Amendment No. 21 dated as of November 19, 2004, Amendment No. 22 dated as of February 17, 2005, Amendment No. 23 dated as of March 31, 2005, Amendment No. 24 dated as of July 21, 2005, Amendment No. 25 dated as of November 23, 2005, Amendment No. 26 dated as of February 27, 2006, Amendment No. 27 dated as of April 25, 2006, Amendment No. 28 dated as of July 6, 2006 and Amendment No. 29 dated as of December 1, 2006 is hereinafter called the ‘‘Agreement’’;

AM No. 30-1

WHEREAS the Buyer and the Seller wish to defer the delivery of four Aircraft;

NOW, THEREFORE, IT IS AGREED AS FOLLOWS

		
	1. 	DEFINITIONS

		
	 	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.

		
	2. 	DELIVERY

		
	2.1 	The Buyer and the Seller agree to reschedule the delivery of four (4) firm Aircraft with CAC Id Nos. 159 909, 159 910, 159 911 and 159 912 from calendar year 2009 to calendar year 2012, and to renumber the Aircraft chronologically.

		
	2.2 	The Buyer and the Seller also agree to reschedule the delivery of one (1) Option Aircraft with CAC Id No. 180 955 from [***] 2009 to [***] 2009, and to renumber the Option Aircraft chronologically.

		
	2.3 	As a result of the reschedule set forth in Paragraphs 2.1 and 2.2 above, the Buyer and the Seller agree that the delivery schedule set forth in Clause 9.1.1 of the Agreement is hereby cancelled and replaced by the following quoted provisions:

QUOTE

																
	CAC Id No.			Rank No.			Aircraft			Delivery			 
	41 199			No. 1			Pre-Amendment No. 16 Aircraft			[***]					2000	
	41 200			No. 2			Pre-Amendment No. 16 Aircraft			[***]					2000	
	41 203			No. 3			Pre-Amendment No. 16 Aircraft			[***]					2000	
	41 201			No. 4			Pre-Amendment No. 16 Aircraft			[***]					2000	
	41 202			No. 5			Pre-Amendment No. 16 Aircraft			[***]					2000	
	41 204			No. 6			Pre-Amendment No. 16 Aircraft			[***]					2000	
	41 205			No. 7			Pre-Amendment No. 16 Aircraft			[***]					2001	
	41 206			No. 8			Pre-Amendment No. 16 Aircraft			[***]					2001	
	41 210			No. 9			Pre-Amendment No. 16 Aircraft			[***]					2001	
	

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-2

													
	CAC Id No.			Rank No.			Aircraft			Delivery			 
	41 207			No. 10			Pre-Amendment No. 16 Aircraft			[***]			2001
	41 208			No. 11			Pre-Amendment No. 16 Aircraft			[***]			2001
	41 209			No. 12			Pre-Amendment No. 16 Aircraft			[***]			2001
	41 228			No. 13			Pre-Amendment No. 16 Aircraft			[***]			2001
	41 211			No. 14			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 212			No. 15			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 218			No. 16			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 224			No. 17			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 227			No. 18			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 225			No. 19			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 213			No. 20			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 214			No. 21			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 234			No. 22			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 215			No. 23			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 216			No. 24			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 217			No. 25			Pre-Amendment No. 16 Aircraft			[***]			2002
	124 965			No. 26			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 235			No. 27			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 220			No. 28			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 219			No. 29			Pre-Amendment No. 16 Aircraft			[***]			2002
	41 236			No. 30			Pre-Amendment No. 16 Aircraft			[***]			2003
	104 399			No. 31			Pre-Amendment No. 16 Aircraft			[***]			2003
	41 237			No. 32			Pre-Amendment No. 16 Aircraft			[***]			2003
	124 966			No. 33			Pre-Amendment No. 16 Aircraft			[***]			2003
	41 221			No. 34			Pre-Amendment No. 16 Aircraft			[***]			2003
	41 238			No. 35			Pre-Amendment No. 16 Aircraft			[***]			2003
	41 222			No. 36			Pre-Amendment No. 16 Aircraft			[***]			2003
	104 400			No. 37			Pre-Amendment No. 16 Aircraft			[***]			2003
	104 401			No. 38			Pre-Amendment No. 16 Aircraft			[***]			2003
	41 223			No. 39			Pre-Amendment No. 16 Aircraft			[***]			2003
	104 402			No. 40			Pre-Amendment No. 16 Aircraft			[***]			2003
	104 443			No. 41			Pre-Amendment No. 16 Aircraft			[***]			2003
	104 403			No. 42			Pre-Amendment No. 16 Aircraft			[***]			2003
	124 964			No. 43			Pre-Amendment No. 16 Aircraft			[***]			2003
	41 226			No. 44			Pre-Amendment No. 16 Aircraft			[***]			2003
	111 579			No. 45			Pre-Amendment No. 16 Aircraft			[***]			2004
	41 245			No. 46			Pre-Amendment No. 16 Aircraft			[***]			2004
	41 246			No. 47			Pre-Amendment No. 16 Aircraft			[***]			2004
	

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-3

													
	CAC Id No.			Rank No.			Aircraft			Delivery			 
	41 229			No. 48			Pre-Amendment No. 16 Aircraft			[***]			2004
	41 247			No. 49			Pre-Amendment No. 16 Aircraft			[***]			2004
	41 248			No. 50			Pre-Amendment No. 16 Aircraft			[***]			2004
	104 404			No. 51			Pre-Amendment No. 16 Aircraft			[***]			2004
	104 405			No. 52			Pre-Amendment No. 16 Aircraft			[***]			2004
	41 230			No. 53			Pre-Amendment No. 16 Aircraft			[***]			2004
	104 406			No. 54			Pre-Amendment No. 16 Aircraft			[***]			2004
	124 967			No. 55			Amendment No. 16 Firm Aircraft			[***]			2004
	104 415			No. 56			Pre-Amendment No. 16 Aircraft			[***]			2004
	104 407			No. 57			Pre-Amendment No. 16 Aircraft			[***]			2004
	104 408			No. 58			Pre-Amendment No. 16 Aircraft			[***]			2004
	124 968			No. 59			Amendment No.16 Firm Aircraft			[***]			2004
	104 409			No. 60			Pre-Amendment No. 16 Aircraft			[***]			2005
	41 232			No. 61			Pre-Amendment No. 16 Aircraft			[***]			2005
	124 959			No. 62			Amendment No. 16 Firm Aircraft			[***]			2005
	104 410			No. 63			Pre-Amendment No. 16 Aircraft			[***]			2005
	104 411			No. 64			Pre-Amendment No. 16 Aircraft			[***]			2005
	41 233			No. 65			Pre-Amendment No. 16 Aircraft			[***]			2005
	104 412			No. 66			Pre-Amendment No. 16 Aircraft			[***]			2005
	124 960			No. 67			Amendment No. 16 Firm Aircraft			[***]			2005
	104 413			No. 68			Pre-Amendment No. 16 Aircraft			[***]			2005
	104 418			No. 69			Pre-Amendment No. 16 Aircraft			[***]			2005
	104 414			No. 70			Pre-Amendment No. 16 Aircraft			[***]			2005
	124 961			No. 71			Amendment No. 16 Firm Aircraft			[***]			2005
	104 416			No. 72			Pre-Amendment No. 16 Aircraft			[***]			2005
	104 417			No. 73			Pre-Amendment No. 16 Aircraft			[***]			2005
	124 962			No. 74			Amendment No. 16 Firm Aircraft			[***]			2005
	124 963			No. 75			Amendment No. 16 Firm Aircraft			[***]			2005
	159 936			No. 76			Amendment No. 20 Firm Aircraft			[***]			2006
	104 419			No. 77			Pre-Amendment No. 16 Aircraft			[***]			2006
	41 239			No. 78			Amendment No. 16 Firm Aircraft			[***]			2006
	41 240			No. 79			Amendment No. 16 Firm Aircraft			[***]			2006
	41 241			No. 80			Amendment No. 16 Firm Aircraft			[***]			2006
	104 421			No. 81			Pre-Amendment No. 16 Aircraft			[***]			2006
	41 242			No. 82			Amendment No. 16 Firm Aircraft			[***]			2006
	41 243			No. 84			Amendment No. 16 Firm Aircraft			[***]			2006
	104 422			No. 85			Pre-Amendment No. 16 Aircraft			[***]			2006
	41 244			No. 86			Amendment No. 16 Firm Aircraft			[***]			2006
	69 719			No. 87			Amendment No. 16 Firm Aircraft			[***]			2006
	104 423			No. 88			Pre-Amendment No. 16 Aircraft			[***]			2006
	

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-4

													
	CAC Id No.			Rank No.			Aircraft			Delivery			 
	69 720			No. 89			Amendment No. 16 Firm Aircraft			[***]			2006
	104 420			No. 83			Pre-Amendment No. 16 Aircraft			[***]			2006
	69 721			No. 90			Amendment No. 16 Firm Aircraft			[***]			2006
	159 937			No. 91			Amendment No. 20 Firm Aircraft			[***]			2006
	104 424			No. 92			Pre-Amendment No. 16 Aircraft			[***]			2007
	104 425			No. 93			Pre-Amendment No. 16 Aircraft			[***]			2007
	159 938			No. 94			Amendment No. 20 Firm Aircraft			[***]			2007
	104 426			No. 95			Pre-Amendment No. 16 Aircraft			[***]			2007
	104 427			No. 96			Pre-Amendment No. 16 Aircraft			[***]			2007
	104 428			No. 97			Pre-Amendment No. 16 Aircraft			[***]			2007
	69 722			No. 98			Amendment No. 16 Firm Aircraft			[***]			2007
	69 724			No. 99			Amendment No. 16 Firm Aircraft			[***]			2007
	96 459			No. 100			Amendment No. 16 Firm Aircraft			[***]			2007
	104 439			No. 101			Amendment No. 16 Firm Aircraft			[***]			2007
	104 441			No. 102			Amendment No. 16 Firm Aircraft			[***]			2007
	41 231			No. 103			Amendment No. 16 Firm Aircraft			[***]			2007
	159 896			No. 104			Amendment No. 16 Firm Aircraft			[***]			2008
	159 897			No. 105			Amendment No. 16 Firm Aircraft			[***]			2008
	159 898			No. 106			Amendment No. 16 Firm Aircraft			[***]			2008
	159 899			No. 107			Amendment No. 16 Firm Aircraft			[***]			2008
	159 900			No. 108			Amendment No. 16 Firm Aircraft			[***]			2008
	159 901			No. 109			Amendment No. 16 Firm Aircraft			[***]			2008
	159 902			No. 110			Amendment No. 16 Firm Aircraft			[***]			2008
	159 903			No. 111			Amendment No. 16 Firm Aircraft			[***]			2008
	159 904			No. 112			Amendment No. 16 Firm Aircraft			[***]			2008
	159 905			No. 113			Amendment No. 16 Firm Aircraft			[***]			2008
	159 906			No. 114			Amendment No. 16 Firm Aircraft			[***]			2008
	159 907			No. 115			Amendment No. 16 Firm Aircraft			[***]			2008
	159 913			No. 116			Amendment No. 16 Firm Aircraft			[***]			2009
	159 914			No. 117			Amendment No. 16 Firm Aircraft			[***]			2009
	159 915			No. 118			Amendment No. 16 Firm Aircraft			[***]			2009
	159 916			No. 119			Amendment No. 16 Firm Aircraft			[***]			2009
	159 940			No. 120			Amendment No. 20 Firm Aircraft			[***]			2009
	159 941			No. 121			Amendment No. 20 Firm Aircraft			[***]			2009
	159 944			No. 122			Amendment No. 20 Firm Aircraft			[***]			2009
	159 945			No. 123			Amendment No. 20 Firm Aircraft			[***]			2009
	159 946			No. 124			Amendment No. 20 Firm Aircraft			[***]			2009
	159 947			No. 125			Amendment No. 20 Firm Aircraft			[***]			2009
	159 948			No. 126			Amendment No. 20 Firm Aircraft			[***]			2009
	

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-5

													
	CAC Id No.			Rank No.			Aircraft			Delivery			 
	159 949			No. 127			Amendment No. 20 Firm Aircraft			[***]			2009
	159 919			No. 128			Amendment No. 16 Firm Aircraft			[***]			2010
	159 920			No. 129			Amendment No. 16 Firm Aircraft			[***]			2010
	159 921			No. 130			Amendment No. 16 Firm Aircraft			[***]			2010
	159 922			No. 131			Amendment No. 16 Firm Aircraft			[***]			2010
	159 923			No. 132			Amendment No. 16 Firm Aircraft			[***] Qtr			2010
	159 924			No. 133			Amendment No. 16 Firm Aircraft			[***] Qtr			2010
	159 925			No. 134			Amendment No. 16 Firm Aircraft			[***] Qtr			2010
	159 926			No. 135			Amendment No. 16 Firm Aircraft			[***] Qtr			2010
	159 927			No. 136			Amendment No. 16 Firm Aircraft			[***] Qtr			2010
	159 928			No. 137			Amendment No. 16 Firm Aircraft			[***] Qtr			2010
	159 952			No. 138			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 953			No. 139			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 954			No. 140			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 955			No. 141			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 956			No. 142			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 957			No. 143			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 958			No. 144			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 959			No. 145			Amendment No. 20 Firm Aircraft			[***] Qtr			2010
	159 929			No. 146			Amendment No. 16 Firm Aircraft			Year			2011
	159 930			No. 147			Amendment No. 16 Firm Aircraft			Year			2011
	159 931			No. 148			Amendment No. 16 Firm Aircraft			Year			2011
	159 932			No. 149			Amendment No. 16 Firm Aircraft			Year			2011
	159 933			No. 150			Amendment No. 16 Firm Aircraft			Year			2011
	159 934			No. 151			Amendment No. 16 Firm Aircraft			Year			2011
	159 960			No. 152			Amendment No. 20 Firm Aircraft			Year			2011
	159 961			No. 153			Amendment No. 20 Firm Aircraft			Year			2011
	159 962			No. 154			Amendment No. 20 Firm Aircraft			Year			2011
	159 963			No. 155			Amendment No. 20 Firm Aircraft			Year			2011
	159 964			No. 156			Amendment No. 20 Firm Aircraft			Year			2011
	159 965			No. 157			Amendment No. 20 Firm Aircraft			Year			2011
	697 23			No. 158			Amendment No. 16 Firm Aircraft			Year			2011
	159 939			No. 159			Amendment No. 20 Firm Aircraft			Year			2011
	697 25			No. 160			Amendment No. 16 Firm Aircraft			Year			2011
	104 440			No. 161			Amendment No. 16 Firm Aircraft			Year			2011
	104 442			No. 162			Amendment No. 16 Firm Aircraft			Year			2011
	159 908			No. 163			Amendment No. 16 Firm Aircraft			Year			2011
	

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-6

													
	CAC Id No.			Rank No.			Aircraft			Delivery			 
	159 909			No. 164			Amendment No. 16 Firm Aircraft			Year			2012*
	159 910			No. 165			Amendment No. 16 Firm Aircraft			Year			2012*
	159 911			No. 166			Amendment No. 16 Firm Aircraft			Year			2012*
	159 912			No. 167			Amendment No. 16 Firm Aircraft			Year			2012*
	159 917			No. 168			Amendment No. 16 Firm Aircraft			Year			2012
	159 918			No. 169			Amendment No. 16 Firm Aircraft			Year			2012
	159 942			No. 170			Amendment No. 20 Firm Aircraft			Year			2012
	159 943			No. 171			Amendment No. 20 Firm Aircraft			Year			2012
	159 950			No. 172			Amendment No. 20 Firm Aircraft			Year			2012
	159 951			No. 173			Amendment No. 20 Firm Aircraft			Year			2012
	

																
	CAC Id No.			Rank No.			Option Aircraft			Delivery			 
	180 956			No. 174			Amendment No. 20 Option			[***]					2009	
	159 972			No. 175			Amendment No. 16 Option			[***]					2009	
	180 959			No. 176			Amendment No. 20 Option			[***]					2009	
	180 955			No. 177			Amendment No. 20 Option			[***]					2009	
	180 957			No. 178			Amendment No. 20 Option			[***] Qtr					2010	
	180 958			No. 179			Amendment No. 20 Option			[***] Qtr					2010	
	180 960			No. 180			Amendment No. 20 Option			[***] Qtr					2010	
	180 964			No. 181			Amendment No. 20 Option			[***] Qtr					2010	
	159 966			No. 182			Amendment No. 16 Option			[***] Qtr					2011	
	159 967			No. 183			Amendment No. 16 Option			[***] Qtr					2011	
	159 968			No. 184			Amendment No. 16 Option			[***] Qtr					2011	
	159 969			No. 185			Amendment No. 16 Option			[***] Qtr					2011	
	159 970			No. 186			Amendment No. 16 Option			[***] Qtr					2011	
	159 971			No. 187			Amendment No. 16 Option			[***] Qtr					2011	
	159 976			No. 188			Amendment No. 16 Option			[***] Qtr					2012	
	159 977			No. 189			Amendment No. 16 Option			[***] Qtr					2012	
	159 978			No. 190			Amendment No. 16 Option			[***] Qtr					2012	
	159 979			No. 191			Amendment No. 16 Option			[***] Qtr					2012	
	159 980			No. 192			Amendment No. 16 Option			[***] Qtr					2012	
	159 981			No. 193			Amendment No. 16 Option			[***] Qtr					2012	
	159 982			No. 194			Amendment No. 16 Option			[***] Qtr					2012	
	159 983			No. 195			Amendment No. 16 Option			[***] Qtr					2012	
	159 984			No. 196			Amendment No. 16 Option			[***] Qtr					2012	
	159 985			No. 197			Amendment No. 16 Option			[***] Qtr					2012	
	159 986			No. 198			Amendment No. 16 Option			[***] Qtr					2012	
	

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-7

													
	CAC Id No.			Rank No.			Option Aircraft			Delivery			 
	159 987			No. 199			Amendment No. 16 Option			[***] Qtr			2012
	159 988			No. 200			Amendment No. 16 Option			[***] Qtr			2012
	180 961			No. 201			Amendment No. 20 Option			[***] Qtr			2012
	180 962			No. 202			Amendment No. 20 Option			[***] Qtr			2012
	180 963			No. 203			Amendment No. 20 Option			[***] Qtr			2012
	180 968			No. 204			Amendment No. 20 Option			[***] Qtr			2013
	180 969			No. 205			Amendment No. 20 Option			[***] Qtr			2013
	180 970			No. 206			Amendment No .20 Option			[***] Qtr			2013
	180 971			No. 207			Amendment No. 20 Option			[***] Qtr			2013
	180 972			No. 208			Amendment No. 20 Option			[***] Qtr			2013
	180 973			No. 209			Amendment No. 20 Option			[***] Qtr			2013
	180 974			No. 210			Amendment No. 20 Option			[***] Qtr			2013
	180 975			No. 211			Amendment No. 20 Option			[***] Qtr			2013
	180 976			No. 212			Amendment No. 20 Option			[***] Qtr			2013
	180 977			No. 213			Amendment No. 20 Option			[***] Qtr			2013
	180 978			No. 214			Amendment No. 20 Option			[***] Qtr			2013
	180 979			No. 215			Amendment No. 20 Option			[***] Qtr			2013
	180 980			No. 216			Amendment No. 20 Option			[***] Qtr			2013
	180 981			No. 217			Amendment No. 20 Option			[***] Qtr			2013
	180 982			No. 218			Amendment No. 20 Option			[***] Qtr			2013
	180 965			No. 219			Amendment No. 20 Option			[***] Qtr			2013
	180 966			No. 220			Amendment No. 20 Option			[***] Qtr			2013
	180 967			No. 221			Amendment No. 20 Option			[***] Qtr			2013
	

* Predelivery Payments paid in accordance with the previous delivery schedule for the Deferred Aircraft will be [***].

UNQUOTE

		
	3. 	PRICE ESCALATION

		
	 	For the Aircraft identified in Clause 9.1.1 as CAC Id Nos. 159 909, 159 910, 159 911 and 159 912 (the ‘‘Deferred Aircraft’’) the escalation provisions set forth in Paragraph 4 of Amendment No. 16 to the Agreement shall [***].

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-8

		
	4. 	EFFECT OF THE AMENDMENT

		
	4.1 	The parties hereto agree that the Buyer may within ten (10) Working Days from the date of this Amendment provide written notice to the Seller certifying that the Buyer was [***]. Upon receipt of such notice, the Buyer and the Seller agree that [***].

		
	4.2 	Subject to the provisions of Paragraph 4.1 above, 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 the Agreement and be governed by its provisions, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.

		
	 	This Amendment will become effective upon execution hereof.

		
	5. 	CONFIDENTIALITY

		
	 	This Amendment is subject to the confidentiality provisions set forth in Clause 22.5 of the Agreement.

		
	6. 	ASSIGNMENT

		
	 	Notwithstanding any other provision of this Amendment or of the Agreement, this Amendment will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this Paragraph 6 will be void and of no force or effect.

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

AM No. 30-9

		
	7. 	COUNTERPARTS

		
	 	This Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.

AM No. 30-10

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers or agents on the dates written below.

							
	 			AIRBUS S.A.S.
	 			By:			Christophe Mourey
	 			Its:			Senior Vice President Contracts
	

JETBLUE AIRWAYS CORPORATION

By:    Mark D. Powers

Its:    VP, Treasurer

AM No. 30-11Exhibit 10.2

IAE PROPRIETARY INFORMATION

IAE Building

400 Main Street

East Hartford, CT 06108 USA

30 January 2007

Mr. Thomas Anderson

Senior VP, Supply Chain Management

JetBlue Airways Corporation

118-29 Queens Blvd.

11th Floor

Forest Hills, Queens

New York, NY 11375

		
	Reference: 	The V2500 General Terms of Sale Agreement between JetBlue Airways Corporation and IAE International Aero Engines AG, dated May 4, 1999 (the ‘‘Agreement’’)

		
	Subject: 	Side Letter No. 21 to the Agreement (the ‘‘Side Letter No. 21’’)

Dear Sir:

IAE is pleased to submit to JetBlue this Side Letter No. 21 in support of JetBlue’s commitment to upgrade certain of its aircraft to a SelectOneTM configuration. In recognition of this commitment, IAE is developing a SelectOneTM hardware modification package for V2500-A5 engines, consisting of [***] (the ‘‘SelectOneTM Production Standard’’), that is herby offered to JetBlue in accordance with the terms and condition contained herein.

		
	1. 	Definitions

Except as defined herein, capitalized terms shall have the meanings as set forth in the Agreement (as amended).

			
		1.1 	‘‘SelectOneTM Eligible Aircraft’’ shall mean those Aircraft delivered to JetBlue after the SelectOneTM Production Date, including but not limited to the fifty-eight (58) Firm Aircraft (numbers 116 through 173) and the fifty (50) Option Aircraft (numbers 174 through 223) which are currently scheduled for delivery in 2009 or thereafter in accordance with Side Letter No. 20 to the Agreement.

			
		1.2 	‘‘SelectOneTM Engines’’ shall mean those V2527-A5 Engines incorporating the SelectOneTM Production Standard at production.

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

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IAE PROPRIETARY INFORMATION

			
		1.3 	‘‘SelectOneTM Production Date’’ shall mean the date on which the first new production Airbus A320 family aircraft containing installed SelectOneTM Engines is delivered to an Airbus customer.

			
		1.4 	‘‘[***] Aircraft’’ shall mean Pre-SelectOneTM [***] Aircraft, together with the SelectOneTM [***] Aircraft, as follows:

			
		1.4.1 	‘‘Pre-SelectOneTM [***] Aircraft’’ shall mean the last [***] Aircraft delivered to JetBlue immediately preceding the SelectOneTM Production Date, which for business planning purposes, shall initiate with the first Aircraft delivered around [***], 2007.

			
		1.4.2 	‘‘SelectOneTM [***] Aircraft’’ shall mean the first [***] Aircraft delivered to JetBlue with SelectOneTM Engines.

			
		1.5 	‘‘[***] Period’’ shall mean the first [***] flight hours flown by each [***] Aircraft from new, during which [***] shall be collected in support of the [***] calculation set forth in Section 3 below.

			
		1.6 	‘‘Aircraft Performance Monitoring’’ or ‘‘APM’’ shall mean the A320 series Aircraft Performance Model provided by Airbus to JetBlue on TBD, bearing the reference number TBD, where such TBD information shall be provided by JetBlue when available and prior to the [***].

		
	2. 	Purchase of SelectOneTM Engines

For each SelectOneTM Engine originally installed from new on SelectOneTM Eligible Aircraft delivered to JetBlue on or after the SelectOneTM Production Date, JetBlue shall pay to IAE upon delivery of each such Aircraft the following amounts:

			
		2.1 	[***] Dollars (US$[***]) [***] per SelectOneTM Engine originally installed on SelectOneTM Eligible Aircraft delivered to JetBlue, escalated to the date of delivery in accordance with this Section 2 (the ‘‘SelectOneTM Payment’’); plus

			
		2.2 	An additional amount determined as follows:

			
		2.2.1 	Where the [***] amount has not yet been calculated in accordance with Section 3 below, JetBlue shall pay IAE the [***] amount of [***] Dollars (US$[***]) in [***] per SelectOneTM Eligible Aircraft delivered with SelectOneTM Engines, escalated to the date of delivery in accordance with this Section 2; or

			
		2.2.2 	Where the [***] amount has been calculated in accordance with Section 3 below, JetBlue shall pay the [***] amount for each SelectOneTM Eligible Aircraft delivered with SelectOneTM Engines, escalated to the date of delivery in accordance with this Section 2.

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

2

IAE PROPRIETARY INFORMATION

All payments under this Section 2 shall be escalated in accordance with the Escalation Formula set forth in Exhibit B (as adjusted to reflect the [***] base date herein) to Side Letter No. 17 to the Agreement, dated June 11, 2004, from the base month of [***] to the date of Aircraft delivery or [***], as appropriate; where applicable, the [***].

		
	3. 	[***]

			
		3.1 	Calculation of [***]

Within thirty (30) days following completion of the [***] for all [***] Aircraft, IAE shall calculate the SelectOneTM ‘‘[***]’’, as follows:

[***]

			
		3.2 	Calculation of [***]

Immediately following the calculation of the [***] in accordance with Section 3.1 above, IAE shall calculate the value of the ‘‘[***]’’, as follows:

[***]

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

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IAE PROPRIETARY INFORMATION

			
		3.3 	[***] Calculation and [***] Requirements

Calculation of the values [***] and [***] in the formula set forth in 3.1 above shall be subject to the following requirements:

			
		3.3.1 	JetBlue shall provide IAE with access to all input and output data accumulated for the [***] Aircraft (the ‘‘Data’’), and shall provide IAE with [***] and [***] output reports for the [***] Aircraft in the form(s) reasonably required by IAE. In the event that the parties mutually agree that the [***] data shall [***], shall be provided (the ‘‘[***]’’);

			
		3.3.2 	Data obtained from each Engine installed on the [***] Aircraft during the [***] shall be evaluated using normal statistical practices and shall also vary less than two standard deviations from the average;

			
		3.3.3 	The quantity of [***] shall be sufficient to calculate the values of [***] and [***] in accordance with normal statistical practices;

			
		3.3.4 	All Data derived from the [***] with respect to the [***] Aircraft and related Engines shall be calculated using the same [***] model version;

			
		3.3.5 	JetBlue shall make best efforts to ensure that all Data had been derived from [***] Aircraft used for normal civil commercial airline revenue service flights during the [***] Period for such [***] Aircraft;

			
		3.3.6 	The total average derate for Pre-SelectOneTM [***] Aircraft shall not vary by more than [***]% from that of SelectOneTM [***] Aircraft , where the total average derate is calculated using Data from all missions completed during the entire [***] Period for each and every [***] Aircraft;

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

4

IAE PROPRIETARY INFORMATION

			
		3.3.7 	The total average stage length for Pre-SelectOneTM [***] Aircraft shall not vary by more than [***]% from that of SelectOneTM [***] Aircraft, where the total average stage length is calculated using data from all missions completed during the entire [***] Period for each and every [***] Aircraft;

			
		3.3.8 	All Engines powering [***] Aircraft shall be managed and maintained in a similar manner, and shall not be modified except with the consent of IAE;

			
		3.3.9 	IAE and JetBlue shall utilize best efforts to mutually agree to a methodology to address variation in the properties of [***] used by [***] Aircraft during their respective [***] Periods. The parties further agree that all costs associated with satisfying this Provision 3.3.9 shall be [***]; and

			
		3.3.10 	[***] shall not be used for [***] of any [***] Aircraft during the collection of [***].

If any of the above requirements are not met, then IAE shall have the right to (i) [***] data from the data sets used to calculate the values of [***] or [***] (any [***] shall be referred to as ‘‘[***]’’), and/or (ii) require the parties to mutually agree to an [***] of measuring and calculating the data required to calculate the values of [***] or [***].

			
		3.4 	Right of [***]

Furthermore, if either (i) the [***] or [***] predicted [***], as determined by IAE, shall differ from the resultant of the equation ([***]) by more than [***]%, or (ii) the value of [***], as calculated in Section 3.1 above, is less than [***]%, then IAE shall have the [***] to implement either or both of the following, as applicable:

			
		A. 	Retain a neutral, third party specialist to investigate programs and methodologies used herein, where such associated costs shall be [***]. Where the outcome of such investigation indicates a correction to the methodology is required, the parties shall mutually agree to implement an [***] of measuring and calculating the data required to calculate the values of [***] or [***]; and

			
		B. 	Introduce, at [***], appropriate [***] to new SelectOneTM Engines powering JetBlue’s SelectOneTM Eligible Aircraft (‘‘Affected Aircraft’’) and to require the [***] and subsequent [***] of the values and amounts specified in this Section 3 for such Affected Aircraft in order to obtain a revised [***] (the ‘‘Revised [***]’’).

For the avoidance of doubt, further [***] shall be limited to those engines powering Affected Aircraft.

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

5

IAE PROPRIETARY INFORMATION

		
	4. 	[***]

			
		4.1 	Immediately following calculation of either the [***] or the [***], as applicable, in accordance with Section 3 above, IAE shall [***], calculated as the [***]:

			
		4.1.1 	[***], which is the total [***] amounts paid by JetBlue to IAE in accordance with Section 2.2.1 above for SelectOneTM Eligible Aircraft JetBlue received with SelectOneTM Engines installed, [***]

			
		4.1.2 	[***], which is the total [***] amounts that JetBlue [***] for such Aircraft based on the calculation performed in accordance with Section 3 above, as escalated to the date of each original payment made in accordance with 2.2.1 above.

			
		4.2 	[***] or payments owed under this Section shall be made in US Dollars within fifteen (15) days of [***].

		
	5. 	[***]

[***]

		
	6. 	[***]

[***]

		
	7. 	SelectOneTM Engine [***]

[***]

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

6

IAE PROPRIETARY INFORMATION

		
	8. 	Conditions

			
		8.1 	IAE’s commitments relating to the incorporation of SelectOneTM Engines, as detailed in this Side Letter No. 21, are subject to (a) certification of the SelectOneTM configured V2527-A5 engine by the FAA, (b) IAE and Airbus reaching a commercial agreement allowing for SelectOneTM hardware incorporation into installed production Engines, and (c) the availability of SelectOneTM hardware for incorporation into JetBlue’s Engines.

			
		8.2 	JetBlue agrees that all V2500 powered Aircraft incorporating the SelectOneTM Production Standard shall be V2527-A5 powered A320 aircraft. Should JetBlue take delivery of a SelectOneTM Eligible Aircraft that is not a V2527-A5 powered A320 aircraft, then IAE and JetBlue agree to negotiate in good faith to revise the terms of this Side Letter No. 21 to the mutual agreement of the parties.

			
		8.3 	IAE’s provision of SelectOneTM Engines as referenced herein is based upon the Aircraft delivery schedule set forth in Side Letter No. 20 to the Agreement. In the event that such delivery schedule is amended, or certification and subsequent entry into service of the SelectOneTM Production Standard is delayed, [***]

			
		8.4 	[***]

		
	9. 	[***]

Notwithstanding the provisions of Clause 6.7 of the Agreement to the contrary, JetBlue may [***], as set forth in Exhibit A and Exhibit B respectively, to [***]. For the avoidance of doubt, this Side Letter No. 21 shall not be disclosed by JetBlue to any third party without the prior written consent of IAE, [***]

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

7

IAE PROPRIETARY INFORMATION

		
	10. 	[***]

[***]

		
	11. 	Condition Precedent

JetBlue’s approval of this Side Letter No. 21 is subject to [***]. In the event that [***], this Side Letter No. 21 shall be void and shall have no force and effect.

[THE REMAINDER OF THIS PAGE HAS BEEN LEFT INTENTIONALLY BLANK]

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

8

IAE PROPRIETARY INFORMATION

Except as expressly amended by this Side Letter No. 21, all provisions of the Agreement (as amended from time to time by various side letters and amendments) remain in full force and effect. IAE’s offer as contained in this Side Letter No. 21 supersedes all prior versions submitted to JetBlue and may be accepted by JetBlue at any time prior to 30 January 2007, by signing below and delivering an original to IAE.

				
	Very truly yours,			Agreed to and accepted on behalf of
	IAE International Aero Engines AG			JetBlue Airways Corporation
	Philip Harris			Thomas E. Anderson
	Name			Name
	SVP Customers			Senior Vice President
	Title			Title
	January 30, 2007			February 1, 2007
	Date			Date
	

9

IAE PROPRIETARY INFORMATION

Exhibit A

[***]

	
		
	

[***] Represents approximately seven pages of material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

10

EXHIBIT A-1

ESCALATION FORMULA

		
	1. 	Any unit base price or other sum expressed to be subject to escalation from the Base Month (as defined below) to month of delivery or other date of determination in accordance with the IAE Escalation Formula will be subject to escalation in accordance with the following formula:

			
		Pi        = 	(Pb+F) x CPI where:

			
		Pi        = 	the invoiced purchase price or escalated sum rounded to the nearest U.S. Dollar

			
		Pb       =  	unit base price or other sum

			
		F         = 	[***](N) (Pb), rounded to the nearest U.S. Dollar

			
		N        = 	the calendar year of scheduled engine delivery or other date of determination, minus the applicable base year

			
		CPI     = 	[***](L) + [***](M)

			
		L         = 	Labor Ratio defined below

			
		M        = 	Material Ratio defined below

‘‘Base Month’’ shall mean the base month specified for prices and related credits in the Agreement.

The IAE Composite Price Index is the sum of [***] percent of the Labor Ratio and [***] percent of the Material Ratio, with the sum rounded to the nearest ten thousandth. The quarterly value published for the Employment Cost Index will be deemed to apply to each month of the quarter.

The Labor Ratio is the ‘‘Employment Cost Index (ECI) Wages and Salaries for Aircraft Manufacturing (NAICS Code 336411), CIU2023211000000I’’ as published quarterly by the Bureau of Labor Statistics, U.S. Department of Labor for the arithmetic average of the fifth, sixth and seventh months (rounded to the nearest tenth) preceding the month of scheduled delivery for each engine/equipment; divided by the value of ‘‘Employment Cost Index (ECI) Wages and Salaries for Aircraft Manufacturing (NAICS Code 336411), CIU2023211000000I’’ for the arithmetic average of the fifth, sixth and seventh months (rounded to the nearest tenth) preceding the Base Month. To be clear the quarterly value of CIU2023211000000I will apply to each month of a given quarter.

The Material Ratio is the ‘‘Producer Price Index, Industrial Commodities, WPU03thru15’’, as published monthly by the Bureau of Labor Statistics, U.S. Department of Labor, for the arithmetic average of the fifth, sixth and seventh months (rounded to the nearest tenth) preceding the month of scheduled delivery for each engine/equipment; divided by the value for Industrial Commodities for the arithmetic average of the fifth, sixth and seventh months (rounded to the nearest tenth) preceding the Base Month.

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

17

IAE PROPRIETARY INFORMATION

The value of the factors [***](L) and [***](M) shall be determined to the nearest fourth decimal place. Thus if the fifth decimal place is five or more, the fourth decimal place shall be raised to the next higher number.

For a given month, the escalation shall be computed by using the applicable Index value, which the Bureau has published as the time of delivery or other date of determination.

		
	2. 	If the U.S. Department of Labor changes the base year for determination of the Index values as defined above, such rebased values will be incorporated in the escalation calculation.

		
	3. 	If the U.S. Department of Labor ceases to publish or replaces an index or revises the methodology used for the determination of the index values to be used to determine the CPI or, for any reason, has not released values needed to determine the CPI, IAE, in its sole discretion, shall select a substitute for such index or values from data published by the Bureau of Labor Statistics or otherwise make revisions to the escalation formula such that the escalation will as closely as possible approximate the result that would have been attained by continuing the use of the original escalation formula and index values as they may have fluctuated during the applicable time period.

		
	4. 	The invoiced purchase price or final escalated sum, which in no event shall be less than the unit base price, shall be the final price or escalated sum.

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

18

IAE PROPRIETARY INFORMATION

EXHIBIT A-2

[***]

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

19

IAE PROPRIETARY INFORMATION

EXHIBIT A-3

[***]

	
		
	

	[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

20

IAE PROPRIETARY INFORMATION

Exhibit B

[***]

	
		
	

	[***] Represents approximately two pages of material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

21

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