Document:

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                                                                    EXHIBIT 10.1

                       AIRBUS A380-800F PURCHASE AGREEMENT

                            Dated as of July 12, 2002

                                     between

                                 AVSA, S.A.R.L.,
                                   THE SELLER

                                       and

                          FEDERAL EXPRESS CORPORATION,
                                    THE BUYER

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CONTENTS

<Table>
<Caption>
     CLAUSES           TITLE
     -------           -----
     <S>               <C>
     0                 DEFINITIONS

     1                 SALE AND PURCHASE

     2                 SPECIFICATION

     3                 PRICE

     4                 PRICE REVISION

     5                 PAYMENT TERMS

     6                 INSPECTION AND THE BUYER'S LOCAL OFFICE

     7                 CERTIFICATION

     8                 THE BUYER'S ACCEPTANCE

     9                 DELIVERY

     10                EXCUSABLE DELAY AND TOTAL LOSS

     11                INEXCUSABLE DELAY

     12                WARRANTIES AND SERVICE LIFE POLICY
</Table>

                                                                               i
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CONTENTS

<Table>
<Caption>
     CLAUSES           TITLE
     -------           -----
     <S>               <C>
     13                PATENT AND COPYRIGHT INDEMNITY

     14                [INTENTIONALLY DELETED]

     15                [INTENTIONALLY DELETED]

     16                TRAINING AND COMPUTER-BASED TRAINING AIDS

     17                EQUIPMENT SUPPLIER PRODUCT SUPPORT

     18                BUYER FURNISHED EQUIPMENT

     19                INDEMNITIES AND INSURANCE

     20                ASSIGNMENTS AND TRANSFERS

     21                TERMINATION EVENTS

     22                MISCELLANEOUS PROVISIONS
</Table>

                                                                              ii
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CONTENTS

<Table>
<S>                    <C>
EXHIBITS
--------

EXHIBIT A              A380-800F STANDARD SPECIFICATION

   APPENDIX 1          SPECIFICATION CHANGE NOTICES (SCNs)
   APPENDIX 2          CUSTOMIZATION MILESTONE CHART

EXHIBIT B              SCN FORM

EXHIBIT C              SELLER SERVICE LIFE POLICY

EXHIBIT D              CERTIFICATE OF ACCEPTANCE

EXHIBIT E              BILL OF SALE

EXHIBIT F              [INTENTIONALLY DELETED]

EXHIBIT G              AIRFRAME PRICE REVISION FORMULA

EXHIBIT H              PROPULSION SYSTEMS PRICE REVISION FORMULAE
</Table>

                                                                             iii
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CONTENTS

<Table>
<Caption>
  LETTER
AGREEMENTS
    NO.
----------
    <S>               <C>
     1                [ * ]

     2                OPTION AIRCRAFT AND [ * ]

     3                SPECIFICATION

     4                PRODUCT SUPPORT AGREEMENT

     5                [ * ]

     6                [ * ]

     7                [ * ]

     8                CERTIFICATION AIRCRAFT

     9                [ * ]

     10               OPERATIONAL DISPATCH RELIABILITY GUARANTEE

    11-A              PERFORMANCE GUARANTEE WITH GP7277 PROPULSION
                      SYSTEMS

    11-B              PERFORMANCE GUARANTEE WITH TRENT 977 PROPULSION
                      SYSTEMS

     12               [ * ]

     13               NOISE GUARANTEE

     14               EMISSIONS GUARANTEE

     15               [ * ]

     16               TAXES, DUTIES AND IMPOSTS

     17               SPECIFIC GROUND SUPPORT EQUIPMENT
</Table>

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              iv
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<Table>
<Caption>
  LETTER
AGREEMENTS
    NO.
----------
    <S>                         <C>
    18                          [ * ]

    19                          MISCELLANEOUS

    20                          PROPULSION SYSTEM CHOICE

    21                          [ * ]
</Table>

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                               v
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PURCHASE AGREEMENT

This agreement is made this 12th day of July 2002

between

          AVSA, a SOCIETE A RESPONSABILITE LIMITEE organized and existing under
          the laws of the Republic of France, having its registered office
          located at

          2, rond-point Maurice Bellonte
          31700 BLAGNAC
          FRANCE

          (hereinafter referred to as the "Seller")

and

          FEDERAL EXPRESS 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

          3610 Hacks Cross Road
          Memphis, TN 38125

          (hereinafter referred to as the "Buyer")

     WHEREAS, the Buyer wishes to purchase and the Seller is willing to sell
     Airbus A380-800F model aircraft, on the terms and conditions herein
     provided; and

     WHEREAS, the Seller is a sales subsidiary of Airbus, G.I.E., and will
     purchase the aircraft from Airbus, G.I.E., for resale to the Buyer,

NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

                                                                               1
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0              DEFINITIONS

               For all purposes of this agreement, except as otherwise expressly
               provided or unless the context otherwise requires, the following
               terms will have the following meanings:

               AFFILIATE - with respect to any person or entity, any other
               person or entity directly or indirectly controlling, controlled
               by or under common control with such person or entity, not
               including any of the Associated Contractors.

               AGREEMENT - this Airbus A380-800F purchase agreement, including
               all exhibits and appendixes attached hereto, as the same may be
               amended or modified and in effect from time to time.

               AIRCRAFT - any or all of the Firm Aircraft and any or all of the
               Option Aircraft that have been converted to a firm order.

               AIRFRAME - any Aircraft, including its Systems and Components,
               but excluding the Propulsion Systems therefor.

               ANACS - Airbus North America Customer Services, Inc., a
               corporation organized and existing under the laws of Delaware,
               having its registered office located at 198 Van Buren Street,
               Suite 300, Herndon, VA 20170, or any successor thereto.

               ASSOCIATED CONTRACTORS - collectively, the members and, for
               certain purposes, subcontractors of the Manufacturer from time to
               time, which members presently are:

               (1)  Airbus France S.A.S., whose principal office is at
                    316, route de Bayonne
                    31060 Toulouse
                    France

                    or any successor thereto

               (2)  Airbus UK Ltd , whose principal office is at
                    Warwick House
                    PO Box 87
                    Farnborough Aerospace Centre
                    Farnborough
                    Hants GU14 6YU
                    England

                    or any successor thereto

               (3)  Airbus Espana S.L., whose principal office is at
                    404 Avenida de Aragon
                    28022 Madrid
                    Spain

                                                                               2
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                    or any successor thereto

               (4)  Airbus Deutschland GmbH , whose principal office is at
                    Kreetslag 10
                    Postfach 95 01 09
                    21111 Hamburg
                    Germany

                  or any successor thereto

               ATA SPECIFICATION 100 - the specification issued by the Air
               Transport Association of America relating to manufacturers'
               technical data.

               ATA SPECIFICATION 101 - the specification issued by the Air
               Transport Association of America relating to ground equipment
               technical data.

               ATA SPECIFICATION 102 - the specification issued by the Air
               Transport Association of America relating to software programs.

               ATA SPECIFICATION 200 - the specification issued by the Air
               Transport Association of America relating to integrated data
               processing.

               ATA SPECIFICATION 300 - the specification issued by the Air
               Transport Association of America relating to the packaging of
               spare parts shipments.

               ATA SPECIFICATION 2000 - the specification issued by the Air
               Transport Association of America relating to an industry-wide
               communication system linking suppliers and users for the purposes
               of spares provisioning, purchasing, order administration,
               invoicing and information or data exchange.

               ATA SPECIFICATION 2100 - the specification issued by the Air
               Transport Association of America relating to the standards for
               the presentation of technical information prepared as digital
               media (magnetic tape or CD ROM).

               AVIATION AUTHORITY - when used with respect to any jurisdiction,
               the government entity that, under the laws of such jurisdiction,
               has control over civil aviation or the registration,
               airworthiness or operation of civil aircraft in such
               jurisdiction.

               BALANCE OF THE FINAL CONTRACT PRICE - means the amount payable by
               the Buyer to the Seller on the Delivery Date for an Aircraft
               after deducting from the Final Contract Price for such Aircraft
               the amount of all Predelivery Payments received by the Seller
               from the Buyer in respect of such Aircraft on or before the
               Delivery Date.

               BASE PRICE - for any Aircraft, Airframe or Propulsion Systems, as
               more completely defined in Sub-clause 3.1 of this Agreement.

                                                                               3
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               BUYER FURNISHED EQUIPMENT (BFE) - for any Aircraft, all the items
               of equipment that will be furnished by the Buyer and installed in
               the Aircraft by the Seller, as defined in the Specification.

               CERTIFICATE OF AIRWORTHINESS FOR EXPORT - an export certificate
               of airworthiness issued by the Aviation Authority of the Delivery
               Location.

               CUSTOMER ORIGINATED CHANGES (COC) - Buyer-originated data that
               are introduced into Technical Data, as more completely set forth
               in Condition 4.1 of Letter Agreement No. 4 to this Agreement.

               [ * ]

               DELIVERY - the transfer of title to the Aircraft from the Seller
               to the Buyer, in accordance with Clause 9.

               DELIVERY CONDITIONS - the economic conditions prevailing at a
               given month and year used to determine a price, cost or amount.
               The economic factors used to determine such conditions are
               described in the price revision formulae used in this Agreement.

               DELIVERY DATE - the date on which Delivery will occur.

               DELIVERY LOCATION - the facilities of the Seller at the location
               of final assembly of the Aircraft, which is at Airbus France
               S.A.S.'s works in Toulouse, France, for the A380-800F model
               aircraft.

               DEVELOPMENT CHANGES - as defined in Sub-clause 2.1.3 of this
               Agreement.

               DGAC - the Direction Generale de l'Aviation Civile of France, or
               any successor thereto.

               EXCUSABLE DELAY - delay in Delivery or failure to deliver an
               Aircraft due to causes specified in Sub-clause 10.1 of this
               Agreement.

               FAA - the U.S. Federal Aviation Administration, or any successor
               thereto.

               FINAL CONTRACT PRICE - as defined in Sub-clause 3.2 of this
               Agreement.

               FIRM AIRCRAFT - any or all of the ten (10) firm A380-800F
               Aircraft for which the Delivery Schedule is set forth in
               Sub-clause 9.1.1 hereof to be sold by the Seller and purchased by
               the Buyer pursuant to this Agreement, together with all
               components, equipment, parts and accessories installed in or on
               such aircraft and the Propulsion Systems installed thereon upon
               Delivery.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                               4
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               FREE CARRIER (FCA) - defined in the January 2000 edition of
               Publication No. 560, published by the International Chamber of
               Commerce.

               IN-HOUSE WARRANTY - as referred to in Sub-clause 12.1.7 of this
               Agreement.

               IN-HOUSE WARRANTY LABOR RATE - as defined in Sub-clause 12.1.7(v)
               of this Agreement.

               INITIAL PAYMENT - each of the amounts described in Sub-clause 5.3
               of this Agreement.

               INTERFACE PROBLEM - as defined in Sub-clause 12.4.1 of this
               Agreement.

               JAA - Joint Aviation Authorities or any successor thereto.

               LIBOR - the London Interbank Offered Rate for each stated
               interest period, the rate determined on the basis of the offered
               rates for deposits in US dollars, which appear on the Reuters
               Screen LIBO Page as of 11:00 a.m., London time, on the day that
               is two (2) days (other than a Saturday, Sunday or a day that is a
               legal holiday or a day on which banking institutions are
               authorized to close in the City of New York, New York, London,
               England, or Paris, France) before the first day of an interest
               period. If at least two (2) such offered rates appear on the
               Reuters Screen LIBO Page, the rate for that interest period will
               be the arithmetic mean of such offered rates rounded to the
               nearest basis point (0.5 rounds to 1). If only one (1) offered
               rate appears, the rate for that interest period will be "LIBOR"
               as quoted by National Westminster Bank, plc. "Reuters Screen LIBO
               Page" means the display designated as page "LIBO" on the Reuters
               Monitor Money Rates Service (or any successor to such page or
               service).

               MANUFACTURER - Airbus, a "GROUPEMENT D'INTERET ECONOMIQUE"
               established under "ORDONNANCE" No. 67-821 dated September 23,
               1967, of the Republic of France.

               OPTION AIRCRAFT - any or all of the ten (10) Aircraft on option
               order for which the Delivery Schedule is set forth herein, which
               may be sold by the Seller and purchased by the Buyer pursuant to
               this Agreement, together with all components, equipment, parts
               and accessories installed in or on such Aircraft and the
               Propulsion Systems installed thereon upon delivery.

               PREDELIVERY PAYMENT - any of the payments made in accordance with
               Sub-clause 5.2.3 or 5.2.4 of this Agreement.

               PREDELIVERY PAYMENT REFERENCE PRICE - as defined in Sub-clause
               5.2.2 of this Agreement.

               PROPULSION SYSTEMS - either (i) the four (4) GE-P&W Engine
               Alliance GP 7277 powerplants installed on an Aircraft at
               Delivery, each composed of the powerplant (as such term is
               defined in Chapters 70-80 of ATA Specification 100 (Revision 21),
               but limited to the equipment, components, parts and accessories
               included in the powerplant, as so defined) that have been sold to
               the Manufacturer by the GE-P&W Engine Alliance, or (ii) the four
               (4) Rolls-Royce Trent 977 powerplants installed on an Aircraft at
               Delivery, each composed of the powerplant (as such term is
               defined in Chapters 70-80 of

                                                                               5
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               ATA Specification 100 (Revision 21), but limited to the
               equipment, components, parts and accessories included in the
               powerplant, as so defined) that have been sold to the
               Manufacturer by Rolls-Royce, as appropriate.

               PROPULSION SYSTEMS PRICE REVISION FORMULA - either (i) the GE-P&W
               Engine Alliance Propulsion Systems price revision formula set
               forth in Exhibit H hereto, or (ii) the Rolls-Royce Propulsions
               Systems price revision formula set forth in Exhibit H hereto, as
               appropriate.

               READY FOR DELIVERY - [ * ]

               REFERENCE PRICE - as set forth in Sub-clause 3.1.3 of the
               Agreement.

               SCHEDULED DELIVERY MONTH - as defined in Sub-clause 9.1.1 of the
               Agreement.

               SELLER PRICE REVISION FORMULA - the Aircraft and Airframe price
               revision formula set forth in Exhibit G hereto.

               SERVICE LIFE POLICY - as referred to in Sub-clause 12.2 of this
               Agreement.

               SPECIFICATION - the Buyer's Customized Aircraft Specification.

               SPECIFICATION CHANGE NOTICE (SCN) - an agreement in writing
               between the Seller and the Buyer amending the Standard
               Specification pursuant to Clause 2.

               STANDARD SPECIFICATION - the A380-800F Standard Specification
               Document Number L.000.0F000, Issue 3, published on January 30,
               2002 annexed as Exhibit A hereto, which includes an MTOW of
               [ * ], an MLW of [ * ], an MZFW of [ * ], and [ * ].

               SUPPLIER - any supplier of Supplier Parts.

               SUPPLIER PART - any component, equipment, accessory or part
               installed in an Aircraft at the time of Delivery thereof, not
               including the Propulsion Systems or Buyer Furnished Equipment,
               for which there exists a Supplier Product Support Agreement.

               SUPPLIER PRODUCT SUPPORT AGREEMENT - an agreement between the
               Seller and a Supplier containing enforceable and transferable
               warranties (and in the case of landing gear suppliers, service
               life policies for selected structural landing gear elements).

               TERMINATION EVENT - as defined in Sub-clause 21.1 of this
               Agreement.

               TRAINING CONFERENCE - as defined in Sub-clause 16.4.1 of this
               Agreement.

               WARRANTED PART - as defined in Sub-clause 12.1.1 of this
               Agreement.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                               6
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               WARRANTY CLAIM - as defined in Sub-clause 12.1.6(v) of this
               Agreement.

               WORKING DAY - with respect to any action to be taken hereunder, a
               day other than a Saturday, Sunday or other day designated as a
               holiday in the jurisdiction in which such action is required to
               be taken.

               The terms "herein," "hereof" and "hereunder" and other words of
               similar import refer to this Agreement, and not a particular
               Clause thereof. The definition of a singular in this Clause will
               apply to plurals of the same words.

               Technical and trade terms not otherwise defined herein will have
               the meanings assigned to them as generally accepted in the
               aircraft manufacturing industry.

                                                                               7
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1              SALE AND PURCHASE

               The Seller will cause to be manufactured and will sell and
               deliver, and the Buyer will buy and take Delivery of, the
               Aircraft at the Delivery Location, subject to the terms and
               conditions in this Agreement.

                                                                               8
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2              SPECIFICATION

2.1            SPECIFICATION DOCUMENTS

2.1.1          The Aircraft will be manufactured in accordance with the Standard
               Specification as may be amended by any Letter Agreement.

2.1.2          SPECIFICATION CHANGE NOTICE

               The Standard Specification may be further amended by written
               agreement between the parties in an SCN. Each SCN will be
               substantially in the form set out in Exhibit B hereto and will
               set out in detail the particular change to be made to the
               Specification and the effect, if any, of such change on design,
               performance, weight, time of Delivery of the Aircraft and text of
               the Specification. An SCN may result in an adjustment of the Base
               Price of the Aircraft, which adjustment if any, will be specified
               in the SCN.

2.1.3          DEVELOPMENT CHANGES

               The Specification may also be amended by the Seller without the
               Buyer's consent when changes to be incorporated in the
               Specification are deemed necessary or useful to correct defects,
               improve the Aircraft or its process of manufacture, prevent delay
               or ensure compliance with this Agreement and which do not
               increase the price, adversely affect the Delivery, overall
               dimensions, customized configuration, guaranteed weight,
               loadability, maintainability or performance of the Aircraft, or
               adversely change the interchangeability or replaceability
               requirements under the Specification or the Specification itself
               (hereinafter called "Development Changes"). The Seller will
               notify the Buyer of material Development Changes prior to
               incorporation (if reasonably practicable). It is understood,
               however, that the Buyer will have no right to prevent
               incorporation of any Development Change by the Manufacturer. Such
               Development Changes will be introduced into the Standard
               Specification by means of revisions to the Standard
               Specification. In any other case, the Seller shall submit to the
               Buyer a Manufacturer Specification Change Notice ("MSCN") for the
               Buyer's approval. Such individual MSCNs [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                               9
<Page>

2.1.4          REQUEST FOR CHANGE

               In the event that the Buyer files an "RFC" (Request for Change)
               with the Seller and the RFC [ * ] In the event that the Buyer
               requests the Seller in writing to incorporate a proposed change
               (excluding Development Changes) in an Aircraft and the Seller
               agrees to such request [ * ]

2.2            CUSTOMIZATION MILESTONES CHART

               The Seller has provided the Buyer with a Customization Milestone
               Chart which is attached hereto as Appendix 2 to Exhibit A for,
               information only, and may be revised from time to time. The
               Customization Milestones Chart states the lead times before
               Delivery needed for agreeing on items requested by the Buyer from
               the Specification Changes Catalogs made available by the Seller.

2.3            PROPULSION SYSTEMS

               The Airframe shall be equipped with one (1) set of Propulsion
               Systems.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              10
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3              PRICE

3.1            BASE PRICE OF THE AIRCRAFT

3.1.1          The Base Price of each Aircraft is the sum of:

               (i)       the Base Price of the Airframe of the Aircraft, and

               (ii)      the Base Price of the Propulsion Systems for the
                         Aircraft as set forth in Sub-clause 3.1.3.1 or
                         Sub-clause 3.1.3.2, as appropriate.

3.1.2          BASE PRICE OF THE AIRFRAME

               The Base Price of the Airframe of the Aircraft is the sum of the
               Base Prices set forth below in (i) and (ii):

               (i)       the Base Price of the Standard Airframe as defined in
                         the Standard Specification (excluding Buyer Furnished
                         Equipment, Propulsion Systems and SCNs), which, at
                         Delivery Conditions prevailing in January 2000, is:

                         [ * ]

               (ii)      the Base Price of the SCNs covering options selected by
                         the Buyer and included in Appendix 1 to Exhibit A at
                         the date of execution of this Agreement, which, at
                         Delivery Conditions prevailing in January 2000, is:

                         [ * ]

3.1.3          BASE PRICE OF THE PROPULSION SYSTEMS

3.1.3.1        The Base Price of the GE-P&W Engine Alliance GP 7277 Propulsion
               Systems, at Delivery Conditions prevailing in January 2000, is:

               [ * ]

               Said Base Price has been calculated from the reference price
               indicated by GE-P&W Engine Alliance of [ * ] in accordance with
               Delivery Conditions prevailing in January 2001 (the "EA Reference
               Price").

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              11
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3.1.3.2        The Base Price of the Rolls-Royce Trent 977 Propulsion Systems,
               at Delivery Conditions prevailing in January 2000, is [ * ]

                         [ * ]

                         Said Base Price has been calculated from the reference
                         price indicated by Rolls Royce Trent 977 of [ * ] in
                         accordance with Delivery Conditions prevailing in
                         January 2000 (the "R-R Reference Price").

3.2            FINAL CONTRACT PRICE

               The Final Contract Price of the Aircraft will be the sum of:

               (i)       the Base Price of the Airframe constituting a part of
                         such Aircraft, as adjusted to the Delivery Date of such
                         Aircraft in accordance with the Seller Price Revision
                         Formula;

               (ii)      the price of any SCNs for the Aircraft entered into
                         after the date of execution of this Agreement, as
                         adjusted to the Delivery Date in accordance with the
                         Seller Price Revision Formula;

               (iii)     the EA Reference Price of the installed Propulsion
                         Systems constituting a part of such Aircraft, as
                         adjusted to the Delivery Date in accordance with the
                         Propulsion Systems Price Revision Formula;

                         or

                         the R-R Reference Price of the of the installed
                         Propulsion Systems constituting a part of such
                         Aircraft, as adjusted to the Delivery Date in
                         accordance with the Propulsion Systems Price Revision
                         Formula, as applicable; and

               (iv)      any other amount resulting from any other provisions of
                         this Agreement and/or any other written agreement
                         between the Buyer and the Seller relating to the
                         Aircraft.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              12
<Page>

4              PRICE REVISION

4.1            SELLER PRICE REVISION FORMULA

               The Base Price of the Airframe and SCNs are subject to revision
               up to and including the Delivery Date of the applicable Aircraft,
               in accordance with the Seller Price Revision Formula.

4.2            PROPULSION SYSTEMS PRICE REVISION

               The Reference Price of the Propulsion Systems in Sub-clause
               3.1.3.1 or 3.1.3.2 will be revised to the Delivery Date of the
               Aircraft on which the Propulsion Systems are installed, in
               accordance with the appropriate Propulsion Systems Price Revision
               Formula.

4.3            MODIFICATION OF PROPULSION SYSTEMS REFERENCE PRICE AND PROPULSION
               SYSTEMS PRICE REVISION FORMULA

               The Propulsion Systems Reference Price, the prices of the related
               equipment and the Propulsion Systems Price Revision Formula are
               based on information received from the Propulsions Systems
               manufacturer and are subject to amendment by the Propulsion
               Systems manufacturer at any time prior to the Delivery Date. If
               the Propulsion Systems manufacturer makes any such amendment, the
               amendment shall be automatically incorporated into this
               Agreement, and the Propulsion Systems Reference Price, the prices
               of the related equipment and the Propulsion Systems Price
               Revision Formula will be adjusted accordingly. In particular,
               changes may reflect evolution in the Propulsion Systems
               characteristics and/or finalization of an agreement thereupon
               between the Seller and/or the Manufacturer and the Propulsion
               Systems manufacturer. The Seller agrees to notify the Buyer as
               soon as it receives notice of any such amendment from the
               Propulsion Systems manufacturer.

                                                                              13
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5              PAYMENT TERMS

5.1            The Buyer will pay the Predelivery Payments, the Balance of the
               Final Contract Price and any other amount due hereunder in
               immediately available funds in United States dollars to Credit
               Lyonnais, [ * ] for transfer by Credit Lyonnais to the Seller's
               account with Credit Lyonnais at 1, Esplanade Compans Caffarelli,
               31000 Toulouse, France, or to such other account as may be
               designated by the Seller.

5.2            PREDELIVERY PAYMENTS

5.2.1          Predelivery Payments are [ * ] and will be paid by the Buyer to
               the Seller for each Aircraft. [ * ] Predelivery Payment Reference
               Price of the Aircraft defined below in Sub-clause 5.2.2.

5.2.2          The Buyer will pay Predelivery Payments to the Seller calculated
               on the Predelivery Payment Reference Price of each Aircraft. The
               Predelivery Payment Reference Price is defined as:

               A =       Pb (1 + 0.04N)

               where

               A =       the Predelivery Payment Reference Price for Aircraft to
                         be delivered in calendar year T.

               Pb =      the Base Price of the Aircraft as defined in Clause 3
                         above.

               N =       (T - 2000).

               T =       the year of Delivery of the relevant Aircraft.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              14
<Page>

5.2.3          Predelivery Payments will be paid according to the following
               schedule.

                                      [ * ]

5.2.4          SCN PREDELIVERY PAYMENTS

               The Seller will be entitled to request Predelivery Payments for
               each SCN executed after signature of this Agreement.

               (i)       For each SCN executed before the first day of the [ * ]
                         month before the Scheduled Delivery Month, this
                         Predelivery Payment [ * ].

               (ii)      For each SCN executed after the first day of the [ * ]
                         month before the Scheduled Delivery Month, this
                         Predelivery Payment will amount to [ * ] of the SCN
                         price. These payments will be paid on the first day of
                         the month following signature of the SCN.

5.3            INITIAL PAYMENT

               The Seller acknowledges that it has already received from the
               Buyer the sum of [ * ], which represents an initial payment of
               [ * ] for each Firm Aircraft and of [ * ] for each Option
               Aircraft. The Initial Payment paid with respect to each
               particular Aircraft will be credited [ * ] against the first
               Predelivery Payment for such Aircraft.

5.4            PAYMENT OF THE BALANCE OF THE FINAL CONTRACT PRICE

               Concurrently with the Delivery of each Aircraft, the Buyer will
               pay to the Seller the Balance of the Final Contract Price for
               such Aircraft. The Seller's receipt of the full amount of all
               Predelivery Payments and of the Balance of the Final

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              15
<Page>

               Contract Price, including any amounts due under Sub-clause 5.6,
               will be a condition precedent to the Seller's obligation to
               deliver such Aircraft.

5.5            PAYMENT OF OTHER AMOUNTS

5.5.1          Unless otherwise expressly provided for herein, any payments due
               hereunder or in respect of an Aircraft in addition to those
               referred to in Sub-clauses 5.2 and 5.4 above will be paid by the
               Buyer concurrently with the Delivery of the corresponding
               Aircraft or, if the Seller elects to invoice such amounts after
               Delivery of such Aircraft, within one (1) month after the invoice
               date.

5.5.2          Notwithstanding any other rights the Seller may have at contract
               or at law, the Buyer and the Seller hereby agree that should any
               amount (whether under this Agreement or under any other agreement
               between the Buyer and the Seller and whether at the stated
               maturity of such amount, by acceleration or otherwise) become due
               and payable by the Buyer or its Affiliates, and not be paid in
               full in immediately available funds on the date due, then the
               Seller will have the right to debit and apply, in whole or in
               part, the unused amount of any credit made available by the
               Seller to the Buyer against such unpaid amount. The Seller will
               promptly notify the Buyer in writing after such debiting and
               application.

5.6            OVERDUE PAYMENTS

5.6.1          If any payment due the Seller is not received by the Seller on
               the date or dates agreed on between the Buyer and the Seller, the
               Seller will have the right to claim from the Buyer and the Buyer
               will promptly pay to the Seller, on receipt of such claim,
               interest at the rate of one and one-half percent (1.5%) per month
               on the amount of such overdue payment, to be calculated from and
               including the due date of such payment to (but excluding) the
               date such payment is received by the Seller. The Seller's right
               to receive such interest will be in addition to any other rights
               of the Seller hereunder or at law.

5.7            PROPRIETARY INTEREST

               Notwithstanding any provision of law to the contrary, the Buyer
               will not, by virtue of anything contained in this Agreement
               (including, without limitation, any Predelivery Payments
               hereunder or any designation or identification by the Seller of a
               particular Aircraft as an Aircraft to which any of the provisions
               of this Agreement refers) acquire any proprietary, insurable or
               other interest whatsoever in any Aircraft before Delivery of and
               payment for such Aircraft, as provided in this Agreement.

5.8            PAYMENT IN FULL

               Except as otherwise provided in this Agreement, the Buyer's
               obligation to make payments to the Seller hereunder will not be
               affected by and will be determined

                                                                              16
<Page>

               without regard to any setoff, counterclaim, recoupment, defense
               or other right that the Buyer may have against the Seller or any
               other person, and all such payments will be made without
               deduction or withholding of any kind. The Buyer will ensure that
               the sums received by the Seller under this Agreement will be
               equal to the full amounts expressed to be due the Seller
               hereunder, without deduction or withholding on account of and
               free from any and all taxes, levies, imposts, duties or charges
               of whatever nature, except that, if the Buyer is compelled by law
               to make any such deduction or withholding, the Buyer will pay
               such additional amounts as may be necessary so that the net
               amount received by the Seller after such deduction or withholding
               will equal the amounts that would have been received in the
               absence of such deduction or withholding (unless such mandatory
               withholding is a Tax which is the Seller's obligation under the
               provisions of Letter Agreement No. 16 and the Buyer has given
               reasonable prior notice to the Seller of its intention of making
               such a withholding).

                                                                              17
<Page>

6              INSPECTION AND THE BUYER'S LOCAL OFFICE

6.1            INSPECTION PROCEDURES

6.1.1          All work to be carried out on the Aircraft and all materials and
               parts thereof will, at all reasonable times during business
               hours, be open to inspection by duly authorized representatives
               of the Buyer or its designee at the respective works of the
               Associated Contractors and, if possible, at the works of their
               respective subcontractors. These representatives will have access
               to such relevant technical data as are reasonably necessary for
               this purpose (except that, if access to any part of the
               respective works where construction is in progress or materials
               or parts are stored is restricted for security reasons, the
               Associated Contractors will be allowed a reasonable time to make
               the items available for inspection elsewhere). The actual
               detailed inspection of the Aircraft, materials and parts thereof
               will take place only in the presence of the respective inspection
               department personnel of the Associated Contractors or their
               subcontractors. The procedures for such inspections will be
               agreed to with the Buyer before any inspection. The Seller and
               the Associated Contractors will create a website and will update,
               on a weekly basis, the production schedule of each major
               component of the Aircraft, lists of all production concessions
               against the Aircraft and any other relevant technical data and
               the timeframes for inspections, allowing the Buyer's
               representatives adequate planning and travel time from Toulouse
               to perform inspections which may be required by the Buyer.

6.1.2          All inspections, examinations and discussions with the Seller's,
               the Associated Contractors' or their respective subcontractors'
               engineering or other personnel by the Buyer and its said
               representatives will be performed in such a manner as not to
               delay or hinder the work to be carried out on the Aircraft or the
               proper performance of this Agreement. In no event will the Buyer
               or its representatives be permitted to inspect any aircraft other
               than the Aircraft.

6.2            REPRESENTATIVES AND BUYER'S LOCAL OFFICE

6.2.1          For the purposes of Sub-clause 6.1 above, starting at a mutually
               agreed date until Delivery of the last Aircraft, the Seller will
               furnish free-of-charge adequate secretarial assistance and
               suitable space, office equipment and facilities in or
               conveniently located with respect to the Delivery Location for
               the use of not more than four (4) representatives of the Buyer
               during the aforementioned period (the "Buyer's Local Office").
               [ * ] suitable office space to accommodate up to four (4) [ * ]
               representatives of the Buyer, and conveniently located to the
               Buyer's Local Office, will be provided during the Delivery phase
               of each Aircraft [ * ]. The Seller will provide
               telecommunications facilities for business calls [ * ]. All other
               telephone charges may be invoiced [ * ].

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              18
<Page>

6.2.2          The Seller will [ * ]

6.2.3          The Seller will [ * ]

6.2.4          [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              19
<Page>

7              CERTIFICATION

               Except as set forth in this Clause 7, the Seller will not be
               required to obtain any other certificate or approval with respect
               to the Aircraft.

7.1            TYPE CERTIFICATION

               Prior to the Delivery of the first Aircraft, the Seller will
               obtain or cause to be obtained a U.S. FAA Type Certificate
               (transport category) for the Aircraft pursuant to Part 21 and in
               compliance with the applicable provisions of Part 25 of the U.S.
               Federal Aviation Regulations

7.2            CERTIFICATE OF AIRWORTHINESS FOR EXPORT

7.2.1          Subject to the provisions of Sub-clause 7.3, each Aircraft will
               be delivered to the Buyer with the Certificate of Airworthiness
               for Export issued by the DGAC [ * ]

7.2.2          At Delivery of the first Aircraft (or of the subsequent Aircraft,
               if so required), the Seller will [ * ]

7.3            SPECIFICATION CHANGES BEFORE DELIVERY

7.3.1          If, pursuant to the promulgation of any applicable law or
               regulation, any change in the Specification has to be made prior
               to Delivery of any Aircraft in order to enable the Seller to
               obtain the Certificate of Airworthiness for Export for such
               Aircraft referred to in Sub-clause 7.2 [ * ] (a "Change in Law"),
               the Seller will make the required change or modification to the
               Aircraft. For each such change, the parties will sign an SCN
               specifying the effect,

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              20
<Page>

               if any, of such change on design, performance, weight, balance,
               time of Delivery, shear and running loads, if applicable, Buyer
               Furnished Equipment, price of each Aircraft affected thereby and
               interchangeability or replaceability of parts. If the Delivery of
               any Aircraft is delayed by reason of such change, the Delivery
               Date of such Aircraft as provided in Sub-clause 9.1 will be
               extended to the extent of such delay.

7.3.2.1        The cost of implementing the modifications referred to in
               Sub-clause 7.3.1 above will be [ * ]

7.3.3          The Seller shall, as far as practicable, take into account the
               information available to it concerning any proposed Change in Law
               in order to minimize the costs of changes which may appear
               necessary to obtain the Certificate of Airworthiness for Export.

7.4            SPECIFICATION CHANGES AFTER DELIVERY

               Sub-clause 7.3 will not require the Seller to make any changes or
               modifications to any Aircraft or to make any payments or to take
               any other action with respect to any Aircraft delivered to the
               Buyer prior to the time any law or regulation referred to in
               Sub-clause 7.3 becomes effective and is to be complied with. Any
               such changes or modifications made to an Aircraft after its
               Delivery to the Buyer will be at the expense of the Buyer. The
               above provision [ * ] to Clause 12 of this Agreement.

7.5            [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              21
<Page>

8              THE BUYER'S ACCEPTANCE

8.1            The Buyer and the Seller will mutually agree on an acceptance
               procedure (the "Technical Acceptance Process"). The Seller, or
               any affiliate thereof, acting as the Seller's designee will
               [ * ]. The Buyer will send its representatives to the Delivery
               Location and will cooperate in complying with the reasonable
               requirements of the Seller with the intention of completing the
               Technical Acceptance Process within [ * ] Working Days after
               commencement. The Technical Acceptance Process will take place at
               the Delivery Location (or at such other facilities of the
               Associated Contractors or any affiliates thereof as the Seller
               may specify) and will be carried out by the personnel of the
               Manufacturer [ * ]. The successful completion of such Acceptance
               Procedure will be deemed to demonstrate compliance with the
               Specification.

               If the Buyer is not present at the Delivery Location to attend
               the Technical Acceptance Process on the date notified to the
               Buyer, and if, pursuant to a five (5) Working Days' notice to
               attend the Technical Acceptance Process sent by the Seller to the
               Buyer, the Buyer is still not present at the Delivery Location,
               then such failure to attend (except for reasons beyond Buyer's
               control) or to cooperate will be deemed a Termination Event under
               Sub-clause 21.1 of this Agreement. In addition to the remedies
               given to the Seller under Sub-clause 21.1.2, the Buyer will
               reimburse the Seller's cost of parking, storage and insurance of
               the Aircraft until the earlier of (i) actual commencement of the
               Technical Acceptance Process or (ii) termination of the
               Agreement. Should it be established, from the Technical
               Acceptance Process, that the Technical Acceptance Process for an
               Aircraft was not successfully completed, or that there is a
               defect, the Seller will, without hindrance from the Buyer, carry
               out any necessary changes and, as soon as practicable thereafter,
               resubmit the Aircraft for a new Technical Acceptance Process to
               demonstrate the elimination of the hindrance to successful
               completion of the Technical Acceptance Process or defect, such
               Acceptance Procedure to be held and carried out in accordance
               with Sub-clause 8.1, [ * ], including taxes, duties or imposts as
               described in Letter Agreement No. 16 of even date herewith.

8.2            Upon successful completion of the Technical Acceptance Process,
               the Buyer will, on or before the Delivery Date, sign and deliver
               to the Seller a

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              22
<Page>

               certificate of acceptance in respect of the Aircraft in the form
               of Exhibit D (the "Certificate of Acceptance") hereto.

8.3            The Seller will be entitled to use, without payment or other
               liability, each Aircraft prior to its Delivery as may be
               necessary to obtain the certificates required under Clause 7
               hereof for the Buyer, and such use will not affect the Buyer's
               obligation to accept Delivery of any Aircraft hereunder or be
               deemed to constitute such Aircraft as other than "new" for any
               purposes of this Agreement. [ * ]

               Such use will not affect the Buyer's obligation to accept
               Delivery of any Aircraft hereunder nor the Seller's obligation to
               deliver such Aircraft in compliance with Sub-clause 8.1 of this
               Agreement. [ * ]

8.4            Upon acceptance of Delivery of each Aircraft, the Buyer waives
               any right, under the Uniform Commercial Code or otherwise, to
               revoke such acceptance for any reason, whether known or unknown
               to the Buyer at the time of acceptance.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              23
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9              DELIVERY

9.1            DELIVERY SCHEDULE

9.1.1          Subject to Clauses 2, 7, 8, 10 and 18, the Seller will have the
               Aircraft Ready for Delivery at the Delivery Location within the
               following months (each a "Scheduled Delivery Month").

<Table>
<Caption>
               FIRM AIRCRAFT NO.                  MONTH/YEAR OF DELIVERY
               -----------------                  ----------------------
               <S>                                <C>
               1                                  [ * ]

               2                                  [ * ]

               3                                  [ * ]

               4                                  [ * ]

               5                                  [ * ]

               6                                  [ * ]

               7                                  [ * ]

               8                                  [ * ]

               9                                  [ * ]

               10                                 [ * ]

<Caption>
               OPTION AIRCRAFT NO.                MONTH/YEAR OF DELIVERY
               -------------------                ----------------------
               <S>                                <C>
               11                                 [ * ]

               12                                 [ * ]

               13                                 [ * ]

               14                                 [ * ]

               15                                 [ * ]

               16                                 [ * ]

               17                                 [ * ]

               18                                 [ * ]

               19                                 [ * ]

               20                                 [ * ]
</Table>

9.1.2          The Seller will give the Buyer at least [ * ] days' written
               notice of the anticipated date on which the Aircraft will be
               Ready for Delivery. Not later than [ * ] days prior to such date
               notified to the Buyer, the Seller will confirm to the Buyer that
               such anticipated Delivery Date is firm. Thereafter the Seller
               will notify the Buyer of any change in such date necessitated by
               the conditions

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              24
<Page>

               of manufacture or flight and confirm a new date which will be no
               more than [ * ] Working Days in France later nor [ * ] Working
               Days in France earlier, than the originally scheduled date.

9.1.3          [ * ]

9.2            DELIVERY

9.2.1          The Buyer will send its representatives to the Delivery Location
               to take Delivery within five (5) days after the date on which the
               Aircraft is Ready for Delivery.

9.2.2          The Seller will transfer title to the Aircraft to the Buyer free
               and clear of all encumbrances, provided that the Balance of the
               Final Contract Price has been paid by the Buyer pursuant to
               Sub-clause 5.4 and that the Certificate of Acceptance has been
               signed and delivered to the Seller pursuant to Sub-clause 8.3.
               The Seller will provide the Buyer with a bill of sale in the form
               of Exhibit E hereto and/or such other documentation confirming
               transfer of title and receipt of the Final Contract Price as may
               reasonably be requested by the Buyer. Title to, property interest
               in and risk of loss or damage to the Aircraft will be transferred
               to the Buyer on Delivery.

9.2.3          Should the Buyer fail to

               (i)       deliver the signed Certificate of Acceptance upon the
                         successful completion of the Technical Acceptance
                         process described in Clause 8 hereof to the Seller on
                         or before the Delivery Date, or

               (ii)      pay the Balance of the Final Contract Price for the
                         Aircraft to the Seller more than five (5) days after
                         the Delivery Date,

               then the Buyer will be deemed to have rejected Delivery without
               warrant when the Aircraft was duly tendered to the Buyer
               hereunder. In the event the Buyer rejects the Aircraft as set
               forth herein, then the Buyer will, on demand, reimburse the
               Seller for all reasonable costs and expenses (including, without
               limitation, costs and expenses attributable to storage,
               preservation and protection, insurance, taxes) sustained by the
               Seller and resulting from any such delay or failure. The rights
               of the Seller under this Sub-clause 9.2.3 will not limit the
               Seller's other rights and remedies under this Agreement.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              25
<Page>

9.3            FLYAWAY

9.3.1          The Buyer and the Seller will cooperate to obtain any licenses
               that may be required by the Aviation Authority of the Delivery
               Location for the purpose of exporting the Aircraft.

9.3.2          All expenses of, or connected with, flying the Aircraft from the
               Delivery Location after Delivery will be borne by the Buyer. The
               Buyer will make direct arrangements with the supplying companies
               for the fuel and oil required for all post-Delivery flights.

                                                                              26
<Page>

10             EXCUSABLE DELAY AND TOTAL LOSS

10.1           SCOPE OF EXCUSABLE DELAY

               Neither the Seller nor the Manufacturer will be responsible for
               or be deemed to be in default on account of delays in Delivery or
               failure to deliver or otherwise in the performance of this
               Agreement or any part hereof due to causes reasonably beyond the
               Seller's, the Manufacturer's or any Associated Contractor's
               control or not occasioned by the Seller's, the Manufacturer's or
               any Associated Contractor's fault or negligence ("Excusable
               Delay"), including, but not limited to: (i) acts of God or the
               public enemy, natural disasters, fires, floods, storms beyond
               ordinary strength, explosions or earthquakes; epidemics or
               quarantine restrictions; serious accidents; total or constructive
               total loss; any law, decision, regulation, directive or other act
               (whether or not having the force of law) of any government or of
               the Council of the European Community or the Commission of the
               European Community or of any national, Federal, State, municipal
               or other governmental department, commission, board, bureau,
               agency, court or instrumentality, domestic or foreign;
               governmental priorities, regulations or orders affecting
               allocation of materials, facilities or a completed Aircraft; war,
               civil war or warlike operations, terrorism, insurrection or
               riots; failure of transportation; strikes or labor troubles
               causing cessation, slow down or interruption of work; delay in
               obtaining any airworthiness or type certification; inability
               after due and timely diligence to procure materials, accessories,
               equipment or parts; general hindrance in transportation; or
               failure of a subcontractor or Supplier to furnish materials,
               components, accessories, equipment or parts except where such
               failure is caused by the fault or negligence of the Seller, the
               Manufacturer or an Associated Contractor; (ii) any delay caused
               directly or indirectly by the action or inaction of the Buyer;
               and (iii) delay in Delivery or otherwise in the performance of
               this Agreement by the Seller due in whole or in part to any delay
               in or failure of the delivery of, or any other event or
               circumstance relating to, the Propulsion Systems or Buyer
               Furnished Equipment.

10.2.1.1       CONSEQUENCES OF EXCUSABLE DELAY

10.2.1         If an Excusable Delay occurs, the Seller will

               (i)       notify the Buyer of such Excusable Delay as soon as
                         practicable after becoming aware of the same;

               (ii)      not be deemed to be in default in the performance of
                         its obligations hereunder as a result of such Excusable
                         Delay;

               (iii)     not be responsible for any damages arising from or in
                         connection with such Excusable Delay suffered or
                         incurred by the Buyer;

               (iv)      as soon as practicable after the removal of the cause
                         of the delay, resume performance of its obligations
                         under this Agreement and in particular will notify the
                         Buyer of the revised Scheduled Delivery Month.

                                                                              27
<Page>

10.3           TERMINATION ON EXCUSABLE DELAY

10.3.1         If the Delivery of any Aircraft is delayed as a result of an
               Excusable Delay for a period of more than [ * ] after the last
               day of the Scheduled Delivery Month, then the Buyer may terminate
               this Agreement with respect to the affected Aircraft, by giving
               written notice to the Seller within thirty (30) days after the
               expiration of such [ * ] period. In the event such delay
               continues for an additional [ * ] after the expiration of such
               [ * ] period, either party will have the option to terminate this
               Agreement with respect to the Aircraft so affected upon notice to
               the other within thirty (30) days after the end of such
               additional [ * ] period. However, the Buyer will not be entitled
               to terminate this Agreement pursuant to this Clause if the
               Excusable Delay is caused primarily by the gross negligence or
               willful misconduct of the Buyer. Termination in accordance with
               this Sub-clause 10.3.1 will discharge all obligations and
               liabilities of the parties hereunder with respect to such
               affected Aircraft, [ * ]

10.3.2         In the event that the Seller notifies the Buyer of a revised
               Scheduled Delivery Month pursuant to Sub-clause 10.2(iv), in
               respect of a delay in Delivery of an Aircraft of more than [ * ]
               after the last day of the Scheduled Delivery Month, then either
               party may terminate this Agreement with respect to the affected
               Aircraft. Termination will be made by giving written notice to
               the other party within thirty (30) days after the Buyer's receipt
               of the notice of a revised Scheduled Delivery Month.

10.3.3         If this Agreement is not terminated under the terms of Sub-clause
               10.3.1 or 10.3.2 above, then the Seller will be entitled to
               reschedule Delivery. The Seller will notify the Buyer of the new
               Scheduled Delivery Month after the thirty (30)-day period
               referred to in Sub-clause 10.3.1 or 10.3.2, and this new
               Scheduled Delivery Month will be deemed to be an amendment to the
               applicable Scheduled Delivery Month in Sub-clause 9.1.1 of the
               Agreement.

10.4           TOTAL LOSS: LOST, DESTROYED OR DAMAGED AIRCRAFT

               If, before Delivery thereof, in the reasonable opinion of the
               Seller, an Aircraft is lost, destroyed or damaged beyond economic
               repair ("Total Loss"), then the Seller will notify the Buyer to
               this effect as soon as reasonably possible but in no event later
               than thirty (30) days after such occurrence. The Seller will
               include in its notice, or as soon after the notice as possible,
               the earliest date that an aircraft to

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              28
<Page>

               replace the Aircraft may be delivered to the Buyer consistent
               with the Seller's other commitments and production capabilities.
               The notice will also state a revised Scheduled Delivery Month for
               the replacement aircraft. Notwithstanding the foregoing, the
               Buyer will have the right to terminate this Agreement with
               respect to such Aircraft unless

               (i)       the Buyer notifies the Seller within one (1) month of
                         the date of receipt of the Seller's notice that it
                         desires the Seller to provide a replacement aircraft
                         during the month quoted in the Seller's notice, and

               (ii)      the parties execute an amendment to this Agreement
                         recording the variation in the Scheduled Delivery
                         Month.

               Notwithstanding the above, nothing herein will require the Seller
               to manufacture and deliver a replacement aircraft if such
               manufacture would require the reactivation of the Manufacturer's
               production line for the model or series of aircraft that includes
               the Aircraft. [ * ]

10.5           TERMINATION RIGHTS EXCLUSIVE

               In the event that this Agreement is terminated as provided for
               under the terms of Sub-clause 10.3 or 10.4, such termination will
               discharge all obligations and liabilities of the parties
               hereunder with respect to such affected Aircraft (except for the
               payment obligations as set forth therein) and undelivered
               material, services, data or other items applicable thereto and to
               be furnished hereunder and neither party will have any claim
               against the other for any loss resulting from such nondelivery.
               The Seller will in no circumstances have any liability whatsoever
               for Excusable Delay other than as set forth in this Clause 10.

10.6           REMEDIES

               THIS CLAUSE 10 SETS FORTH THE SOLE AND EXCLUSIVE REMEDY OF THE
               BUYER FOR DELAYS IN DELIVERY OR FAILURE TO DELIVER, OTHER THAN
               SUCH DELAYS AS ARE COVERED BY CLAUSE 11, AND THE BUYER HEREBY
               WAIVES ALL RIGHTS TO WHICH IT WOULD OTHERWISE BE ENTITLED IN
               RESPECT THEREOF, INCLUDING, WITHOUT LIMITATION, ANY RIGHTS TO
               INCIDENTAL AND

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              29
<Page>

               CONSEQUENTIAL DAMAGES OR SPECIFIC PERFORMANCE. THE BUYER WILL NOT
               BE ENTITLED TO CLAIM THE REMEDIES AND RECEIVE THE BENEFITS
               PROVIDED IN THIS CLAUSE 10 TO THE EXTENT THE DELAY REFERRED TO IN
               THIS CLAUSE 10 IS CAUSED PRIMARILY BY THE GROSS NEGLIGENCE OR
               WILLFUL MISCONDUCT OF THE BUYER OR ITS REPRESENTATIVES.

10.7           [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              30
<Page>

11             INEXCUSABLE DELAY

11.1           LIQUIDATED DAMAGES

               Should an Aircraft not be Ready for Delivery to the Buyer within
               thirty (30) days after the last day of the Scheduled Delivery
               Month (as such month may be changed pursuant to Clauses 2, 7 or
               10 or Sub-clause 21.1.2) and such delay is not as a result of an
               Excusable Delay or Total Loss, then such delay will be termed an
               "Inexcusable Delay." In the event of an Inexcusable Delay, the
               Buyer will have the right to claim, and the Seller will pay the
               Buyer liquidated damages of [ * ] for each day of delay in the
               Delivery, starting thirty-one (31) days after the last day of the
               Scheduled Delivery Month.

               The amount of liquidated damages will in no event exceed the
               total of [ * ] in respect of any one (1) Aircraft.

11.2           RENEGOTIATION

               If as a result of an Inexcusable Delay, Delivery does not occur
               within six (6) months after the Delivery Period, the Buyer will
               have the right, exercisable by written notice to the Seller and
               given between fifteen (15) days and one (1) month after the six
               (6) months, to require from the Seller a renegotiation of the
               Scheduled Delivery Month for the affected Aircraft. Unless
               otherwise agreed between the Seller and the Buyer during such
               renegotiation, the said renegotiation will not prejudice the
               Buyer's right to receive liquidated damages in accordance with
               Sub-clause 11.1 during the period of Inexcusable Delay.

11.3           TERMINATION

               If as a result of an Inexcusable Delay, Delivery does not occur
               within six (6) months after the Delivery Period and the parties
               have not renegotiated the Delivery Date pursuant to Sub-clause
               11.2, then the Buyer will have the further right exercisable by
               written notice to the Seller and given between one (1) and two
               (2) months after the six (6) months, to terminate this Agreement
               in respect of the affected Aircraft. In the event of termination,
               neither party will have any claim against the other, [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              31
<Page>

11.4           [ * ]

11.5           REMEDIES

               THIS CLAUSE 11 SETS FORTH THE SOLE AND EXCLUSIVE REMEDY OF THE
               BUYER FOR DELAYS IN DELIVERY OR FAILURE TO DELIVER, OTHER THAN
               SUCH DELAYS AS ARE COVERED BY CLAUSE 10, AND THE BUYER HEREBY
               WAIVES ALL RIGHTS TO WHICH IT WOULD OTHERWISE BE ENTITLED IN
               RESPECT THEREOF, INCLUDING WITHOUT LIMITATION ANY RIGHTS TO
               INCIDENTAL AND CONSEQUENTIAL DAMAGES OR SPECIFIC PERFORMANCE.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              32
<Page>

12             WARRANTIES AND SERVICE LIFE POLICY

               The Seller represents and warrants that the Manufacturer has
               provided to the Seller the following Warranty, Service Life
               Policy, Supplier Warranties and Interface Commitment with respect
               to the Aircraft, subject to the terms, conditions, limitations
               and restrictions (including, but not limited to, the Exclusivity
               of Warranties and General Limitations of Liability and Duplicate
               Remedies provisions) as hereinafter set out, and that the same
               are in full force and effect and have not been amended. The
               Seller hereby assigns to the Buyer, and the Buyer hereby accepts,
               all of the Seller's rights and obligations as the "Buyer" under
               the said Warranty, Service Life Policy, Supplier Warranties and
               Interface Commitment, and the Seller subrogates the Buyer to all
               such rights and obligations in respect of the Aircraft. The
               Seller hereby warrants to the Buyer that (i) it has all requisite
               authority to make the foregoing assignment to and to effect the
               foregoing subrogation in favor of the Buyer, (ii) such assignment
               and subrogation are effective to confer on the Buyer all of the
               foregoing rights and obligations of the Seller, and (iii) the
               Seller will not enter into any amendment of the provisions so
               assigned without the prior written consent of the Buyer.

               It is understood that, in the provisions below between the words
               QUOTE and UNQUOTE, capitalized terms have the meanings assigned
               thereto in this Agreement, except that (i) the term "Seller,"
               which means the Manufacturer as between the Manufacturer and the
               Seller, also means the Manufacturer in this Agreement, and (ii)
               the term "Buyer," which means the Seller as between the
               Manufacturer and the Seller, means the Buyer in this Agreement.

QUOTE

12.1           WARRANTY

12.1.1         NATURE OF WARRANTY

               Subject to the limitations and conditions as hereinafter
               provided, and except as provided in Sub-clause 12.1.2, the Seller
               warrants to the Buyer that each Aircraft and each Warranted Part
               will be, at the time of Aircraft Delivery, free from defects:

               (i)       in material;

               (ii)      in workmanship, including, without limitation,
                         processes of manufacture;

               (iii)     in design (including, without limitation, selection of
                         materials) having regard to the state of the art at the
                         date of such design; and

                                                                              33
<Page>

               (iv)      arising from failure to conform to the Specification,
                         except as to those portions of the Specification that
                         are expressly stated in the Specification to be
                         estimates or approximations or design aims.

               For the purposes of this Agreement, the term "Warranted Part"
               will mean any Seller proprietary component, equipment, accessory
               or part, which is installed on an Aircraft at Delivery and (a)
               which is manufactured to the detail design of the Seller or a
               subcontractor of the Seller and (b) which bears a part number of
               the Seller at the time of Delivery.

12.1.2         EXCEPTIONS

               The warranties set forth in Sub-clause 12.1.1 will not apply to
               Buyer Furnished Equipment, nor to the Propulsion Systems, nor to
               any component, accessory, equipment or part purchased by the
               Buyer that is not a Warranted Part, provided, however, that:

               (i)       any defect in the Seller's workmanship in respect of
                         the installation of such items in the Aircraft,
                         including any failure by the Seller to conform to the
                         installation instructions of the manufacturers of such
                         items that invalidates any applicable warranty from
                         such manufacturers, will constitute a defect in
                         workmanship for the purpose of this Sub-clause 12.1 and
                         be covered by the warranty set forth in Sub-clause
                         12.1.1(ii), and

               (ii)      any defect inherent in the Seller's design of the
                         installation, in view of the state of the art at the
                         date of such design, that impairs the use of such items
                         will constitute a defect in design for the purposes of
                         this Sub-clause 12.1 and be covered by the warranty set
                         forth in Sub-clause 12.1.1(iii).

12.1.3         WARRANTY PERIODS

               The warranties described in Sub-clauses 12.1.1 and 12.1.2
               hereinabove will be limited to those defects that become apparent
               within [ * ] months after Delivery of the affected Aircraft (the
               "Warranty Period").

12.1.4         LIMITATIONS OF WARRANTY

12.1.4.1       The Buyer's remedy and the Seller's obligation and liability
               under Sub-clauses 12.1.1 and 12.1.2 hereinabove are limited to,
               at the Seller's expense and option, the repair, replacement or
               correction of, or the supply of modification kits rectifying the
               defect to any defective Warranted Part. Alternatively, the Seller
               may, at its option, furnish a credit to the Buyer for the future
               purchase of goods and services (not including Aircraft) equal to
               the price at which the Buyer is then entitled to acquire a
               replacement for the defective Warranted Part.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              34
<Page>

12.1.4.2       In the event that the Seller corrects a defect covered by
               Sub-clause 12.1.1(iii) that becomes apparent within the
               applicable period set forth in Sub-clause 12.1.3 and the Seller
               is obligated to correct such defect, the Seller will also, if so
               requested by the Buyer in writing, make such correction in any
               Aircraft that has not already been delivered to the Buyer.
               However, the Seller will not be responsible nor deemed to be in
               default on account of any delay in Delivery of any Aircraft or
               otherwise, in respect of performance of this Agreement, due to
               the Seller's undertaking to make such correction and, rather than
               accept a delay in Delivery of any such Aircraft, the Buyer and
               the Seller may agree to deliver such Aircraft with subsequent
               correction of the defect by the Buyer at the Seller's expense, or
               the Buyer may elect to accept Delivery and thereafter file a
               Warranty Claim as though the defect had become apparent
               immediately after Delivery of such Aircraft.

12.1.4.3       In addition to the remedies set forth in Sub-clauses 12.1.4.1 and
               12.1.4.2, the Seller will reimburse the direct labor costs spent
               by the Buyer in performing the first of the following:

               (i)       inspections of the Aircraft to determine whether a
                         defect exists in any Warranted Part within the Warranty
                         Period; or

               (ii)      inspections of the Aircraft continued until the
                         corrective technical solution removing the need for the
                         inspection is provided by the Seller.

               The above commitment is subject to the following conditions:

               (i)       such inspections are recommended by a Seller Service
                         Bulletin to be performed within the Warranty Period;

               (ii)      the inspection is performed outside of a scheduled
                         maintenance check as recommended by the Seller's
                         Maintenance Planning Document;

               (iii)     the Buyer will not be reimbursed for any inspections
                         performed as an alternative to accomplishing corrective
                         action when such corrective action is available to the
                         Buyer and such corrective action could have reasonably
                         been accomplished by the Buyer at the time such
                         inspections are performed,

               (iv)      the labor rate for the reimbursements will be the labor
                         rate defined in Sub-clause 12.1.7, and

               (v)       the hours used to determine such reimbursement shall
                         not exceed the Seller's estimate of the hours required
                         by the Buyer for such inspections.

                                                                              35
<Page>

12.1.5         WARRANTY CLAIM REQUIREMENTS

               The Buyer's remedy and the Seller's obligation and liability
               under this Sub-clause 12.1, with respect to each claimed defect,
               are subject to the following conditions precedent:

               (i)       the defect becomes apparent within the Warranty Period;

               (ii)      the Buyer's submits to the Seller proof reasonably
                         satisfactory to the Seller that the claimed defect is
                         due to a matter covered under the provisions of this
                         Sub-clause 12.1, and that such defect has not resulted
                         from any act or omission of the Buyer, including, but
                         not limited to, any failure to operate and maintain the
                         affected Aircraft or part thereof in accordance with
                         the standards set forth in Sub-clause 12.1.10 or from
                         any act or omission of any third party;

               (iii)     the Buyer returns, as soon as practicable, the
                         Warranted Part claimed to be defective to the repair
                         facilities designated by the Seller, unless the Buyer
                         elects to repair a defective Warranted Part in
                         accordance with the provisions of Sub-clause 12.1.7;
                         and

               (iv)      the Seller's receives a "Warranty Claim" complying with
                         the provisions of Sub-clause 12.1.6 below.

12.1.6         WARRANTY ADMINISTRATION

               The warranties set forth in Sub-clause 12.1 will be administered
               as hereinafter provided:

               (i)       CLAIM DETERMINATION

                         Warranty Claim determination by the Seller will be
                         reasonably based on the claim details, reports from the
                         Seller's regional representative, historical data logs,
                         inspections, tests, findings during repair, defect
                         analysis and other suitable documents and information.

               (ii)      TRANSPORTATION COSTS

                         Transportation costs associated with the sending of a
                         defective Warranted Part claimed to be defective to the
                         facilities designated by the Seller will be borne by
                         the Buyer.

               (iii)     RETURN OF AN AIRCRAFT

                                                                              36
<Page>

                         In the event that the Buyer desires to return an
                         Aircraft to the Seller for consideration of a Warranty
                         Claim, the Buyer will notify the Seller of its
                         intention to do so and the Seller will, prior to such
                         return, have the right to inspect such Aircraft and,
                         without prejudice to Seller's rights hereunder, to
                         repair such Aircraft either at the Buyer's facilities
                         or at another place acceptable to the Seller. Return of
                         any Aircraft by the Buyer to the Seller and return of
                         such Aircraft to the Buyer's facilities will be at the
                         Buyer's expense.

               (iv)      ON-AIRCRAFT WORK BY THE SELLER

                         In the event that either (a) the Seller determines that
                         a defect subject to this Sub-clause 12.1 warrants the
                         dispatch by the Seller of a working team to the Buyer's
                         facilities to repair or correct such defect through
                         implementation of one (1) or more Seller's Service
                         Bulletins, or (b) the Seller accepts the return of an
                         Aircraft to perform or have performed a repair or
                         correction, then the labor costs for such on-Aircraft
                         work will be borne by the Seller at the labor rate
                         defined in Sub-clause 12.1.7.

                         All expenses related to such repair or correction,
                         including, but not limited to, travel and living
                         expenses, in excess of the labor costs as defined
                         above, incurred in performing such repair or
                         correction, will be borne by the Buyer.

                         On-Aircraft work by the Seller will be undertaken only
                         if, in the opinion of the Seller, the work requires the
                         technical expertise of the Seller as the Manufacturer
                         of the Aircraft. In such case, the Seller and the Buyer
                         will agree on a schedule and place for the work to be
                         performed.

               (v)       WARRANTY CLAIM SUBSTANTIATION

                         For each claim under this Sub-clause 12.1, the Buyer
                         will give written notice to the Seller that contains at
                         least the data listed below with respect to a part or
                         an Aircraft, as applicable ("Warranty Claim"). The
                         Buyer will make such Warranty Claim within sixty (60)
                         days of discovering the defect giving rise to such
                         Warranty Claim. Each Warranty Claim will include the
                         following:

                         (a)  Description of the defect and action taken, if
                              any.

                         (b)  Date of the incident and/or of removal.

                         (c)  Description of the defective part.

                         (d)  Part number.

                         (e)  Serial number (if applicable).

                                                                              37
<Page>

                         (f)  Position on the Aircraft, according to Catalog
                              Sequence Number (CSN) of the Illustrated Parts
                              Catalog, Component Maintenance Manual or
                              Structural Repair Manual (as such documents are to
                              be defined pursuant to Condition 4 and Exhibit F
                              of Letter Agreement No. 4 to this Agreement), as
                              applicable.

                         (g)  Total flying hours or calendar times, as
                              applicable, at the date of appearance of the
                              defect.

                         (h)  Time since last shop visit at the date of defect
                              appearance.

                         (i)  Manufacturer's serial number (MSN) of the Aircraft
                              and/or its registration number.

                         (j)  Aircraft total flying hours and/or number of
                              landings at the date of defect appearance.

                         (k)  Claim number.

                         (l)  Date of claim.

                         (m)  Date of Delivery of the Aircraft or part to the
                              Buyer.

                         Warranty Claims are to be addressed as follows:

                         AIRBUS
                         CUSTOMER SERVICES DIRECTORATE
                         WARRANTY ADMINISTRATION
                         ROND-POINT MAURICE BELLONTE
                         B.P. 33
                         F-31707 BLAGNAC CEDEX
                         FRANCE

               (vi)      REPLACEMENTS

                         Replacements made pursuant to this Sub-clause 12.1 will
                         be made within the lead time defined in the Seller's
                         Spare Parts Price Catalog. Replaced components,
                         equipment, accessories or parts will become the
                         Seller's property.

                         Title to and risk of loss of any Aircraft, component,
                         accessory, equipment or part returned by the Buyer to
                         the Seller will at all times remain with the Buyer,
                         except that (i) when the Seller has possession of a
                         returned Aircraft, component, accessory, equipment or
                         part to which the Buyer has

                                                                              38
<Page>

                         title, the Seller will have such responsibility
                         therefor as is chargeable by law to a bailee for hire,
                         but the Seller will not be liable for loss of use, and
                         (ii) title to and risk of loss of a returned component,
                         accessory, equipment or part will pass to the Seller on
                         shipment by the Seller to the Buyer of any item
                         furnished by the Seller to the Buyer as a replacement
                         therefor. Upon the Seller's shipment to the Buyer of
                         any replacement component, accessory, equipment or part
                         provided by the Seller pursuant to this Sub-clause
                         12.1, title to and risk of loss of such component,
                         accessory, equipment or part will pass to the Buyer.

               (vii)     REJECTION

                         The Seller will provide reasonable written
                         substantiation in case of rejection of a claim. The
                         Buyer will (a) pay to the Seller reasonable inspection
                         and test charges incurred by the Seller in connection
                         with the investigation and processing of a rejected
                         claim, and (b) pay the costs of transportation to the
                         ANACS Center in Ashburn, VA, insurance and any other
                         costs associated with the sending or return of any
                         Warranted Part or any other item, equipment, component
                         or part for which the Seller rejects the Buyer's
                         warranty claim.

               (viii)    INSPECTION

                         The Seller will have the right to inspect the affected
                         Aircraft and documents and other records relating
                         thereto in the event of any claim under this Sub-clause
                         12.1.

12.1.7         IN-HOUSE WARRANTY

               (i)       AUTHORIZATION

                         The Buyer is hereby authorized to perform the repair of
                         Warranted Parts, subject to the terms of this
                         Sub-clause 12.1.7 ("In-house Warranty"). When the
                         estimated cost of an In-house Warranty repair exceeds
                         [ * ], the Buyer will notify the Seller's
                         representative of its decision to perform any in-house
                         repairs before such repairs are commenced. The Buyer's
                         notice will include sufficient detail regarding the
                         defect, estimated labor hours and material to allow the
                         Seller to ascertain the reasonableness of the estimate.
                         The Seller will use reasonable efforts to ensure a
                         prompt response and will not unreasonably withhold
                         authorization.

               (ii)      CONDITIONS OF AUTHORIZATION

                         The Buyer will be entitled to the benefits under this
                         Sub-clause 12.1.7 for repair of Warranted Parts:

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              39
<Page>

                         (a)  only if adequate facilities and qualified
                              personnel are available to the Buyer;

                         (b)  provided that repairs are to be performed in
                              accordance with the Seller's written instructions
                              set forth in applicable technical data; and

                         (c)  only to the extent specified by the Seller, or, in
                              the absence of the Seller's specifying, to the
                              extent reasonably necessary to correct the defect,
                              in accordance with the standards set forth in
                              Sub-clause 12.1.10.

               (iii)     THE SELLER'S RIGHTS

                         The Seller will have the right to have any Warranted
                         Part, or any part removed therefrom, which is claimed
                         to be defective, returned to the Seller, as set forth
                         in Sub-clause 12.1.6(ii), if, in the judgment of the
                         Seller, the nature of the defect requires technical
                         investigation.

                         The Seller will further have the right to have a
                         representative present during the disassembly,
                         inspection and testing of any Warranted Part claimed to
                         be defective, subject to its presence being practical
                         and not unduly delaying the repair.

               (iv)      IN-HOUSE WARRANTY CLAIM SUBSTANTIATION

                         Claims for In-house Warranty credit will be filed
                         within the time period set forth in, and will contain
                         the same information required in Warranty Claims under,
                         Sub-clause 12.1.6(v) and, in addition, will include:

                         (a)  a report of technical findings with respect to the
                              defect;

                         (b)  for parts required to remedy the defect:

                              -  part numbers,
                              -  serial numbers (if applicable),
                              -  description of the parts,
                              -  quantity of parts,
                              -  unit price of parts,
                              -  related Seller's or third party's invoices (if
                                 applicable),
                              -  total price of parts;

                         (c)  detailed number of labor hours;

                                                                              40
<Page>

                         (d)  In-house Warranty Labor Rate (defined below in
                              Sub-clause 12.1.7(v)(b)); and

                         (e)  total claim value.

               (v)       CREDIT

                         The Buyer's sole remedy, and the Seller's sole
                         obligation and liability, in respect of In-house
                         Warranty claims, will be a credit to the Buyer's
                         account. The credit to the Buyer's account will be
                         equal to the direct labor cost expended in performing a
                         repair and to the direct cost of materials incorporated
                         in the repair. Such costs will be determined as set
                         forth below:

                         (a)  To determine direct labor costs, only the hours
                              spent on disassembly, inspection, repair,
                              reassembly and final inspection and test
                              (including flight tests, if flight tests prove
                              necessary to complete a repair under the In-house
                              Warranty) of the Warranted Part alone will be
                              counted. The hours required for maintenance work
                              concurrently being carried out on the Aircraft or
                              Warranted Part as well as for removal and
                              installation of the Warranted Part, will not be
                              included.

                         (b)  The hours counted as set forth above will be
                              multiplied by an agreed-to labor rate, the labor
                              rate representing the Buyer's composite average
                              hourly labor rate (excluding all fringe benefits,
                              premium time allowances, social security charges,
                              business taxes and similar items) paid to the
                              Buyer's employees whose jobs are directly related
                              to the performance of the repair, of [ * ] at
                              economic conditions prevailing in January 2000
                              (the "In-house Warranty Labor Rate"). The In-house
                              Warranty Labor Rate is subject to adjustment
                              annually by multiplying it by the ratio HEn/HEb.
                              For the purposes of this Sub-clause 12.1.7(v)
                              only, HEn is equal to the Labor Index defined in
                              Exhibit G hereto for January of the year in which
                              the hours are spent and HEb is equal to such Labor
                              Index for January 2000.

                         (c)  Direct material costs are determined by the prices
                              at which the Buyer acquired such material,
                              excluding any parts and materials used for
                              overhaul furnished free of charge by the Seller.

               (vi)      LIMITATION ON CREDIT

                         The Buyer will in no event be credited for repair costs
                         (labor and material) for any Warranted Part to the
                         extent that such costs exceed (a) [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              41
<Page>

                         of the Seller's current catalog price for a replacement
                         of such defective Warranted Part, or (b) repair costs
                         (labor and material) that would have resulted if
                         repairs had been carried out at the Seller's
                         facilities. The Seller will substantiate these costs in
                         writing on reasonable request by the Buyer and when the
                         repair costs (labor and material) exceed [ * ], unless
                         the repair has been previously approved by the Seller
                         in accordance with Sub-clause 12.1.7(ii).

               (vii)     SCRAPPED MATERIAL

                         The Buyer may, with the agreement of the Seller's
                         Resident Customer Support Representative, scrap any
                         such defective parts that are beyond economic repair
                         and not required for technical evaluation.

                         If the Buyer does not obtain the agreement of the
                         Seller's Resident Customer Support Representative to
                         scrap a Warranted Part defective beyond economic
                         repair, then the Buyer will retain such Warranted Part
                         and any defective part removed from a Warranted Part
                         during repair for a period of either one hundred twenty
                         (120) days after the date of completion of repair or
                         sixty (60) days after submission of a claim for
                         In-house Warranty credit relating thereto, whichever is
                         longer. Such parts will be returned to the Seller
                         within thirty (30) days of receipt of the Seller's
                         request to that effect.

                         Scrapped Warranted Parts will be evidenced by a record
                         of scrapped material certified by an authorized
                         representative of the Buyer, which will be kept in the
                         Buyer's file for at least the duration of the warranty
                         periods set forth in this Sub-clause 12.1.

               (viii)    DISCLAIMER OF THE SELLER'S LIABILITY FOR THE BUYER'S
                         REPAIR

                         THE SELLER WILL NOT BE LIABLE FOR ANY RIGHT, CLAIM OR
                         REMEDY, AND THE BUYER WILL INDEMNIFY THE SELLER AGAINST
                         THE CLAIMS OF ANY THIRD PARTIES FOR LOSSES DUE TO ANY
                         DEFECT, NONCONFORMANCE OR PROBLEM OF ANY KIND, ARISING
                         OUT OF OR IN CONNECTION WITH ANY REPAIR OF WARRANTED
                         PARTS UNDERTAKEN BY THE BUYER UNDER THIS SUB-CLAUSE
                         12.1.7 OR ANY OTHER ACTIONS UNDERTAKEN BY THE BUYER
                         UNDER THIS SUB-CLAUSE 12.1.7, WHETHER SUCH CLAIM IS
                         ASSERTED IN CONTRACT OR IN TORT, OR IS PREMISED ON
                         ALLEGED, ACTUAL, IMPUTED, ORDINARY OR INTENTIONAL ACTS
                         OR OMISSIONS OF THE BUYER OR THE SELLER.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              42
<Page>

12.1.8         WARRANTY TRANSFERABILITY

               The warranties provided for in this Sub-clause 12.1 for any
               Warranted Part will accrue to the benefit of any airline in
               revenue service other than the Buyer, if the Warranted Part
               enters into the possession of any such airline as a result of a
               pooling agreement between such airline and the Buyer, in
               accordance with the terms and subject to the limitations and
               exclusions of the foregoing warranties and to applicable laws or
               regulations.

12.1.9         WARRANTY FOR CORRECTED, REPLACEMENT OR REPAIRED WARRANTED PARTS

               Whenever any Warranted Part that contains a defect for which the
               Seller is liable under Sub-clause 12.1 has been corrected,
               repaired or replaced pursuant to the terms of this Clause 12, the
               period of the Seller's warranty with respect to such corrected,
               repaired or replacement Warranted Part, whichever may be the
               case, will be the remaining portion of the original warranty in
               respect of such corrected or repaired Warranted Part and, for a
               replacement Warranted Part, 48 months (forty-eight) from Delivery
               to the Buyer. In addition, the repair of a Warranted Part will be
               warranted for twelve (12) months from Delivery to the Buyer of
               the applicable repaired Warranted Part. In the event that a
               defect is attributable to a defective repair or replacement by
               the Buyer, a Warranty Claim with respect to such defect will not
               be allowable, notwithstanding any subsequent correction or
               repair, and will immediately terminate the remaining warranties
               under this Sub-clause 12.1 in respect of the affected Warranted
               Part.

12.1.10        GOOD AIRLINE OPERATION - NORMAL WEAR AND TEAR

               The Buyer's rights under this Sub-clause 12.1 are subject to the
               Aircraft and each component, equipment, accessory and part
               thereof being maintained, overhauled, repaired and operated in
               accordance with good commercial airline practice, all technical
               documentation and any other instructions issued by the Seller,
               the Suppliers or the manufacturer of the Propulsion Systems and
               all applicable rules, regulations and directives of the relevant
               Aviation Authorities.

               The Seller's liability under this Sub-clause 12.1 will not extend
               to normal wear and tear or to:

               (i)       any Aircraft or component, equipment, accessory or part
                         thereof that has been repaired, altered or modified
                         after Delivery by any party in a manner other than that
                         approved by the Seller;

               (ii)      any Aircraft or component, equipment, accessory or part
                         thereof that has been operated in a damaged state; or

                                                                              43
<Page>

               (iii)     any component, equipment, accessory or part from which
                         the trademark, trade name, part or serial number or
                         other identification marks have been removed.

                                                                              44
<Page>

12.2           SELLER SERVICE LIFE POLICY

12.2.1         SCOPE AND DEFINITIONS

               In addition to the warranties set forth in Sub-clause 12.1 above,
               the Seller further agrees that should a Failure occur in any Item
               (as these terms are defined below), then, subject to the general
               conditions and limitations set forth in Sub-clause 12.2.4, the
               provisions of this Sub-clause 12.2 will apply.

               For the purposes of this Sub-clause 12.2, the following
               definitions will apply:

               (i)       "Item" means any of the Seller components, equipment,
                         accessories or parts listed in Exhibit C hereto which
                         are installed on an Aircraft at any time during the
                         period of effectiveness of the Service Life Policy as
                         defined below in Sub-clause 12.2.2.

               (ii)      "Failure" means any breakage of, or defect in, an Item
                         that materially impairs the utility or safety of the
                         Item, provided that (a) any such breakage of, or defect
                         in, any Item did not result from any breakage or defect
                         in any other Aircraft part or component or from any
                         other extrinsic force, and (b) has occurred or can
                         reasonably be expected to occur on a repetitive or
                         fleetwide basis.

12.2.2         PERIODS AND THE SELLER'S UNDERTAKING

               Subject to the general conditions and limitations set forth in
               Sub-clause 12.2.4 below, the Seller agrees that if a Failure
               occurs in an Item before the Aircraft in which such Item is
               installed has completed [ * ] flying hours or [ * ] flight cycles
               or within [ * ] years after the Delivery of the applicable
               Aircraft to the Buyer, whichever occurs first, the Seller will,
               at its own discretion, as promptly as practicable and for a price
               that reflects the Seller's financial participation as hereinafter
               provided, either:

12.2.2.1       design and furnish to the Buyer a correction for such Item
               subject to a Failure and provide any parts required for such
               correction (including Seller-designed standard parts, but
               excluding industry standard parts); or

12.2.2.2       replace such Item.

12.2.3         THE SELLER'S PARTICIPATION IN THE COST

               Any part or Item that the Seller is required to furnish to the
               Buyer under this Service Life Policy in connection with the
               correction or replacement of an Item will be furnished to the
               Buyer at the Seller's current sales price therefor, less the

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              45
<Page>

               Seller's financial participation, which will be determined in
               accordance with the following formula:

                        C (N - T)
                       -----------
               P =          N

               where

               P =       financial participation of the Seller,

               C =       the Seller's then-current sales price for the required
                         Item or required Seller designed parts,

               and;

               (i)       T =  total flying time in hours since Delivery of the
                              particular Aircraft in which the Item subject to a
                              Failure was originally installed,
               and;
                         N =  [ * ] flying hours,

               Or;

               (ii)      T =  total number of flight cycles since Delivery that
                              have been accumulated by the particular Aircraft
                              in which the Item subject to a Failure was
                              originally installed,

               and;

                         N =  [ * ] flight cycles,

               Or;

               (iii)     T =  total time in months since  Delivery of the
                              particular  Aircraft in which the Item subject to
                              a Failure was originally installed,

               and;

                         N =  [ * ] months.

               whichever of the foregoing Sub-clauses (i), (ii) and (iii) yields
               the lowest ratio of:

                         N - T
                         -----
                           N

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              46
<Page>

12.2.4         GENERAL CONDITIONS AND LIMITATIONS

12.2.4.1       Notwithstanding Sub-clause 12.2.3, the undertakings given in this
               Sub-clause 12.2 will not be valid during the Warranty Period
               applicable to an Item under Sub-clause 12.1.3.

12.2.4.2       The Buyer's remedy and the Seller's obligation and liability
               under this Service Life Policy are subject to compliance by the
               Buyer with the following conditions precedent:

               (i)       The Buyer will maintain log books and other historical
                         records with respect to each Item adequate to enable
                         the Seller to determine whether the alleged Failure is
                         covered by this Service Life Policy and, if so, to
                         define the portion of the cost to be borne by the
                         Seller in accordance with Sub-clause 12.2.3 above.

               (ii)      The Buyer will keep the Seller informed of any
                         significant incidents relating to an Aircraft,
                         howsoever occurring or recorded.

               (iii)     The conditions of Sub-clause 12.1.10 will have been
                         complied with.

               (iv)      The Buyer will carry out specific structural inspection
                         programs for monitoring purposes as may be established,
                         from time to time, by the Seller. Such programs will
                         be, to the extent possible, compatible with the Buyer's
                         operational requirements and will be carried out at the
                         Buyer's expense. Reports relating thereto will be
                         regularly furnished to the Seller.

               (v)       In the case of any breakage or defect, the Buyer will
                         report the same in writing to the Seller within ninety
                         (90) days after any breakage or defect in an Item
                         becomes apparent, whether or not said breakage or
                         defect can reasonably be expected to occur in any other
                         Aircraft, and the Buyer will inform the Seller in
                         sufficient detail about the breakage or defect to
                         enable the Seller to determine whether said breakage or
                         defect is subject to this Service Life Policy.

12.2.4.3       Except as otherwise provided in this Sub-clause 12.2, any claim
               under this Service Life Policy will be administered as provided
               in, and will be subject to the terms and conditions of,
               Sub-clause 12.1.6.

12.2.4.4       In the event that the Seller has issued a modification applicable
               to an Aircraft, the purpose of which is to avoid a Failure, the
               Seller may elect to supply the necessary modification kit free of
               charge or under a pro-rata formula established by the Seller. If
               such a kit is so offered to the Buyer, then, in respect of such
               Failure and any Failures that could ensue therefrom, the validity
               of the Seller's commitment under this Sub-clause 12.2 will be
               subject to the Buyer's

                                                                              47
<Page>

               incorporating such modification in the relevant Aircraft, within
               a reasonable time, as promulgated by the Seller and in accordance
               with the Seller's instructions.

12.2.4.5       THIS SERVICE LIFE POLICY IS NEITHER A WARRANTY, PERFORMANCE
               GUARANTEE NOR AN AGREEMENT TO MODIFY ANY AIRCRAFT OR AIRFRAME
               COMPONENTS TO CONFORM TO NEW DEVELOPMENTS OCCURRING IN THE STATE
               OF AIRFRAME DESIGN AND MANUFACTURING ART. THE SELLER'S OBLIGATION
               UNDER THIS SUB-CLAUSE 12.2 IS TO MAKE ONLY THOSE CORRECTIONS TO
               THE ITEMS OR FURNISH REPLACEMENTS THEREFOR AS PROVIDED IN THIS
               SUB-CLAUSE 12.2. THE BUYER'S SOLE REMEDY AND RELIEF FOR THE
               NON-PERFORMANCE OF ANY OBLIGATION OR LIABILITY OF THE SELLER
               ARISING UNDER, OR BY VIRTUE OF, THIS SERVICE LIFE POLICY WILL BE
               IN MONETARY DAMAGES, LIMITED TO THE AMOUNT THE BUYER REASONABLY
               EXPENDS IN PROCURING A CORRECTION OR REPLACEMENT FOR ANY ITEM
               THAT IS THE SUBJECT OF A FAILURE COVERED BY THIS SERVICE LIFE
               POLICY AND TO WHICH SUCH NON-PERFORMANCE IS RELATED, LESS THE
               AMOUNT THAT THE BUYER OTHERWISE WOULD HAVE BEEN REQUIRED TO PAY
               UNDER THIS SUB-CLAUSE 12.2 IN RESPECT OF SUCH CORRECTED OR
               REPLACEMENT ITEM. WITHOUT LIMITING THE EXCLUSIVITY OF WARRANTIES
               AND GENERAL LIMITATIONS OF LIABILITY PROVISIONS SET FORTH IN
               SUB-CLAUSE 12.5, THE BUYER HEREBY WAIVES, RELEASES AND RENOUNCES
               ALL CLAIMS TO ANY FURTHER DIRECT, INCIDENTAL OR CONSEQUENTIAL
               DAMAGES, INCLUDING LOSS OF PROFITS AND ALL OTHER RIGHTS, CLAIMS
               AND REMEDIES, ARISING UNDER, OR BY VIRTUE OF, THIS SERVICE LIFE
               POLICY.

12.2.5         TRANSFERABILITY

               The Buyer's rights under this Sub-clause 12.2 will not be
               assigned, sold, leased, transferred or otherwise alienated, by
               operation of law or otherwise, without the Seller's prior written
               consent.

                    Any unauthorized assignment, sale, lease, transfer or other
               alienation of the Buyer's rights under this Service Life Policy
               will, as to the particular Aircraft involved, immediately void
               this Service Life Policy in its entirety.

                                                                              48
<Page>

12.3           SUPPLIER WARRANTIES

12.3.1         THE SELLER'S SUPPORT

               Prior to Delivery of the first Aircraft, the Seller will provide
               the Buyer with the warranties and service life policies that the
               Seller has obtained pursuant to the Supplier Product Support
               Agreements.

12.3.2         SUPPLIER'S DEFAULT

12.3.2.1       In the event that any Supplier under any standard warranty
               obtained by the Seller pursuant to Sub-clause 12.3.1 hereof
               defaults in the performance of any material obligation under such
               warranty with respect to a Supplier Part, and the Buyer submits
               within a reasonable time to the Seller reasonable proof that such
               default has occurred, then Sub-clause 12.1 of this Agreement will
               apply to the extent it would have applied had such Supplier Part
               been a Warranted Part except that, for obligations covered under
               Sub-clause 12.1, the shorter of (i) the Supplier's warranty
               period indicated in the Supplier Product Support Agreements
               manual, and (ii) the Seller's warranty period indicated in
               Sub-clause 12.1.3 of this Agreement will apply.

12.3.2.2       In the event that any Supplier under any Supplier service life
               policy obtained by the Seller pursuant to Sub-clause 12.3.1
               hereof defaults in the performance of any material obligation
               with respect thereto, and the Buyer submits within reasonable
               time to the Seller reasonable proof that such default has
               occurred, then Sub-clause 12.2 of this Agreement will apply to
               the extent the same would have applied had such component,
               equipment, accessory or part been listed in Exhibit C hereto.

12.3.2.3       At the Seller's request, the Buyer will assign to the Seller, and
               the Seller will be subrogated to, all of the Buyer's rights
               against the relevant Supplier, with respect to, and arising by
               reason of, such default and the Buyer will provide reasonable
               assistance to enable the Seller to enforce the rights so
               assigned.

12.4           INTERFACE COMMITMENT

12.4.1         INTERFACE PROBLEM

                    If the Buyer experiences any technical problem in the
               operation of an Aircraft or its systems due to a malfunction, the
               cause of which, after due and reasonable investigation, is not
               readily identifiable by the Buyer, but which the Buyer reasonably
               believes to be attributable to the design characteristics of one
               (1) or more components of the Aircraft (an "Interface Problem"),
               the Seller will, if requested by the Buyer, and without
               additional charge to the Buyer, except for transportation of the
               Seller's personnel to the Buyer's facilities, promptly conduct or
               have conducted an investigation and analysis of such problem to
               determine, if possible, the cause or causes of the problem and to
               recommend such corrective

                                                                              49
<Page>

               action as may be feasible, provided, however, that if the Seller
               determines, after such due and reasonable investigation, that the
               Interface Problem was due to, or caused by, any act or omission
               of the Buyer in its performance of its obligations hereunder, the
               Buyer will pay to the Seller all reasonable costs and expenses
               incurred by the Seller during such investigation. The Buyer will
               furnish to the Seller all data and information in the Buyer's
               possession relevant to the Interface Problem and will cooperate
               with the Seller in the conduct of the Seller's investigations and
               such tests as may be required. At the conclusion of such
               investigation, the Seller will promptly advise the Buyer in
               writing of the Seller's opinion as to the cause or causes of the
               Interface Problem and the Seller's recommendations as to
               corrective action.

12.4.2         THE SELLER'S RESPONSIBILITY

               If the Seller determines that the Interface Problem is primarily
               attributable to the design of a Warranted Part, the Seller will,
               if requested by the Buyer, correct the design of such Warranted
               Part, pursuant to the terms and conditions of Sub-clause 12.1.

12.4.3         THE SUPPLIER'S RESPONSIBILITY

               If the Seller determines that the Interface Problem is primarily
               attributable to the design of any Supplier Part, the Seller will,
               if requested by the Buyer, reasonably assist the Buyer in
               processing any warranty claim the Buyer may have against the
               manufacturer of such Supplier Part.

12.4.4         JOINT RESPONSIBILITY

               If the Seller determines that the Interface Problem is
               attributable partially to the design of a Warranted Part and
               partially to the design of any Supplier Part, the Seller will, if
               requested by the Buyer, seek a solution to the Interface Problem
               through cooperative efforts of the Seller and any Supplier
               involved. The Seller will promptly advise the Buyer of any
               corrective action proposed by the Seller and any such Supplier.
               Such proposal will be consistent with any then-existing
               obligations of the Seller hereunder and of any such Supplier to
               the Buyer. Such corrective action, unless reasonably rejected by
               the Buyer, will constitute full satisfaction of any claim the
               Buyer may have against either the Seller or any such Supplier
               with respect to such Interface Problem.

12.4.5         GENERAL

12.4.5.1       All requests under this Sub-clause 12.4 will be directed both to
               the Seller and the affected Suppliers.

                                                                              50
<Page>

12.4.5.2       Except as specifically set forth in this Sub-clause 12.4, this
               Sub-clause 12.4 will not be deemed to impose on the Seller any
               obligations not expressly set forth elsewhere in this Agreement.

               All reports, recommendations, data and other documents furnished
               by the Seller to the Buyer pursuant to this Sub-clause 12.4 will
               be deemed to be delivered under this Agreement and will be
               subject to the terms, covenants and conditions set forth in this
               Clause 12 and in Sub-clause 22.5.

12.5           EXCLUSIVITY OF WARRANTIES

               THIS CLAUSE 12 (INCLUDING ITS SUB-PROVISIONS) SETS FORTH THE
               EXCLUSIVE WARRANTIES, EXCLUSIVE LIABILITIES AND EXCLUSIVE
               OBLIGATIONS OF THE SELLER, AND THE EXCLUSIVE REMEDIES AVAILABLE
               TO THE BUYER, WHETHER UNDER THIS AGREEMENT OR OTHERWISE, ARISING
               FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF ANY KIND IN ANY
               AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART OR SERVICE
               DELIVERED UNDER THIS AGREEMENT.

               THE BUYER RECOGNIZES THAT THE RIGHTS, WARRANTIES AND REMEDIES IN
               THIS CLAUSE 12 ARE ADEQUATE AND SUFFICIENT TO PROTECT THE BUYER
               FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF ANY KIND IN THE
               GOODS AND SERVICES SUPPLIED UNDER THIS AGREEMENT. THE BUYER
               HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES,
               OBLIGATIONS, GUARANTEES AND LIABILITIES OF THE SELLER AND ALL
               OTHER RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST THE
               SELLER, WHETHER EXPRESS OR IMPLIED BY CONTRACT, TORT OR STATUTORY
               LAW OR OTHERWISE, WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT OR
               PROBLEM OF ANY KIND IN ANY AIRCRAFT, COMPONENT, EQUIPMENT,
               ACCESSORY, PART OR SERVICE DELIVERED UNDER THIS AGREEMENT,
               INCLUDING BUT NOT LIMITED TO:

               (1)  ANY IMPLIED WARRANTY OF MERCHANTABILITY AND/OR FITNESS FOR
                    ANY GENERAL OR PARTICULAR PURPOSE;

               (2)  ANY IMPLIED OR EXPRESS WARRANTY ARISING FROM COURSE OF
                    PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;

               (3)  ANY RIGHT, CLAIM OR REMEDY FOR BREACH OF CONTRACT;

                                                                              51
<Page>

               (4)  ANY RIGHT, CLAIM OR REMEDY FOR TORT, UNDER ANY THEORY OF
                    LIABILITY, HOWEVER ALLEGED, INCLUDING, BUT NOT LIMITED TO,
                    ACTIONS AND/OR CLAIMS FOR NEGLIGENCE, GROSS NEGLIGENCE,
                    INTENTIONAL ACTS, WILLFUL DISREGARD, IMPLIED WARRANTY,
                    PRODUCT LIABILITY, STRICT LIABILITY OR FAILURE TO WARN;

               (5)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER THE UNIFORM
                    COMMERCIAL CODE OR ANY OTHER STATE OR FEDERAL STATUTE;

               (6)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER ANY REGULATIONS OR
                    STANDARDS IMPOSED BY ANY INTERNATIONAL, NATIONAL, STATE OR
                    LOCAL STATUTE OR AGENCY; AND/OR

               (7)  ANY RIGHT, CLAIM OR REMEDY TO RECOVER OR BE COMPENSATED FOR:

                    (a)  LOSS OF USE OR REPLACEMENT OF ANY AIRCRAFT, COMPONENT,
                         EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THIS
                         AGREEMENT;

                    (b)  LOSS OF, OR DAMAGE OF ANY KIND TO, ANY AIRCRAFT,
                         COMPONENT, EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER
                         THIS AGREEMENT;

                    (c)  LOSS OF PROFITS AND/OR REVENUES; AND/OR

                    (d)  ANY OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGE.

                    THE WARRANTIES AND SERVICE LIFE POLICY PROVIDED BY THIS
                    AGREEMENT WILL NOT BE EXTENDED, ALTERED OR VARIED, EXCEPT BY
                    A WRITTEN INSTRUMENT SIGNED BY THE SELLER AND THE BUYER. IN
                    THE EVENT THAT ANY PROVISION OF THIS CLAUSE 12 SHOULD FOR
                    ANY REASON BE HELD UNLAWFUL, OR OTHERWISE UNENFORCEABLE, THE
                    REMAINDER OF THIS CLAUSE 12 WILL REMAIN IN FULL FORCE AND
                    EFFECT.

12.6           DUPLICATE REMEDIES

               The remedies provided to the Buyer under this Clause 12 as to any
               defect in respect of the Aircraft or any part thereof are
               mutually exclusive and not cumulative. The Buyer will be entitled
               to the remedy that provides the maximum benefit to it, as the
               Buyer may elect, pursuant to the terms and conditions of this
               Clause 12 for any such particular defect for which remedies are
               provided under

                                                                              52
<Page>

               this Clause 12; provided, however, that the Buyer will not be
               entitled to elect a remedy under one part of this Clause 12 that
               constitutes a duplication of any remedy elected by it under any
               other part hereof for the same defect. The Buyer's rights and
               remedies herein for the non-performance of any obligations or
               liabilities of the Seller arising under these warranties will be
               in monetary damages limited to the amount the Buyer expends in
               procuring a correction or replacement for any covered part
               subject to a defect or non-performance covered by this Clause 12,
               and the Buyer will not have any right to require specific
               performance by the Seller.

UNQUOTE

               In consideration of the assignment and subrogation by the Seller
               under this Clause 12 in favor of the Buyer in respect of the
               Seller's rights against and obligations to the Manufacturer under
               the provisions quoted above, the Buyer hereby accepts such
               assignment and subrogation and agrees to be bound by all of the
               terms, conditions and limitations therein contained, specifically
               including, without limitation, the Exclusivity of Warranties and
               General Limitations of Liability provisions and Duplicate
               Remedies provisions.

               THIS CLAUSE 12 (INCLUDING ITS SUB-PROVISIONS) SETS FORTH THE
               EXCLUSIVE WARRANTIES, EXCLUSIVE LIABILITIES AND EXCLUSIVE
               OBLIGATIONS OF THE SELLER, AND THE EXCLUSIVE REMEDIES AVAILABLE
               TO THE BUYER, WHETHER UNDER THIS AGREEMENT OR OTHERWISE, ARISING
               FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF ANY KIND IN ANY
               AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART OR SERVICE
               DELIVERED UNDER THIS AGREEMENT.

               THE BUYER RECOGNIZES THAT THE RIGHTS, WARRANTIES AND REMEDIES IN
               THIS CLAUSE 12 ARE ADEQUATE AND SUFFICIENT TO PROTECT THE BUYER
               FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF ANY KIND IN THE
               GOODS AND SERVICES SUPPLIED UNDER THIS AGREEMENT. THE BUYER
               HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES,
               OBLIGATIONS, GUARANTEES AND LIABILITIES OF THE SELLER AND ALL
               OTHER RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST THE
               SELLER, WHETHER EXPRESS OR IMPLIED BY CONTRACT, TORT OR STATUTORY
               LAW OR OTHERWISE, WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT OR
               PROBLEM OF ANY KIND IN ANY AIRCRAFT, COMPONENT, EQUIPMENT,
               ACCESSORY, PART OR SERVICE DELIVERED UNDER THIS AGREEMENT,
               INCLUDING, BUT NOT LIMITED TO:

               (1)  ANY IMPLIED WARRANTY OF MERCHANTABILITY AND/OR FITNESS FOR
                    ANY GENERAL OR PARTICULAR PURPOSE;

                                                                              53
<Page>

               (2)  ANY IMPLIED OR EXPRESS WARRANTY ARISING FROM COURSE OF
                    PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;

               (3)  ANY RIGHT, CLAIM OR REMEDY FOR BREACH OF CONTRACT;

               (4)  ANY RIGHT, CLAIM OR REMEDY FOR TORT, UNDER ANY THEORY OF
                    LIABILITY, HOWEVER ALLEGED, INCLUDING, BUT NOT LIMITED TO,
                    ACTIONS AND/OR CLAIMS FOR NEGLIGENCE, GROSS NEGLIGENCE,
                    INTENTIONAL ACTS, WILLFUL DISREGARD, IMPLIED WARRANTY,
                    PRODUCT LIABILITY, STRICT LIABILITY OR FAILURE TO WARN;

               (5)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER THE UNIFORM
                    COMMERCIAL CODE OR ANY OTHER STATE OR FEDERAL STATUTE;

               (6)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER ANY REGULATIONS OR
                    STANDARDS IMPOSED BY ANY INTERNATIONAL, NATIONAL, STATE OR
                    LOCAL STATUTE OR AGENCY; AND/OR

               (7)  ANY RIGHT, CLAIM OR REMEDY TO RECOVER OR BE COMPENSATED FOR:

                    (a)  LOSS OF USE OR REPLACEMENT OF ANY AIRCRAFT, COMPONENT,
                         EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THIS
                         AGREEMENT;

                    (b)  LOSS OF, OR DAMAGE OF ANY KIND TO, ANY AIRCRAFT,
                         COMPONENT, EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER
                         THIS AGREEMENT;

                    (c)  LOSS OF PROFITS AND/OR REVENUES; AND/OR

                    (d)  ANY OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGE.

               THE WARRANTIES AND SERVICE LIFE POLICY PROVIDED BY THIS AGREEMENT
               WILL NOT BE EXTENDED, ALTERED OR VARIED EXCEPT BY A WRITTEN
               INSTRUMENT SIGNED BY THE SELLER AND THE BUYER. IN THE EVENT THAT
               ANY PROVISION OF THIS CLAUSE 12 SHOULD FOR ANY REASON BE HELD
               UNLAWFUL, OR OTHERWISE UNENFORCEABLE, THE REMAINDER OF THIS
               CLAUSE 12 WILL REMAIN IN FULL FORCE AND EFFECT.

                                                                              54
<Page>

               The remedies provided to the Buyer under this Clause 12 as to any
               defect in respect of the Aircraft or any part thereof are
               mutually exclusive and not cumulative. The Buyer will be entitled
               to the remedy that provides the maximum benefit to it, as the
               Buyer may elect, pursuant to the terms and conditions of this
               Clause 12 for any such particular defect for which remedies are
               provided under this Clause 12; provided, however, that the Buyer
               will not be entitled to elect a remedy under one part of this
               Clause 12 that constitutes a duplication of any remedy elected by
               it under any other part hereof for the same defect. The Buyer's
               rights and remedies herein for the non-performance of any
               obligations or liabilities of the Seller arising under these
               warranties will be in monetary damages limited to the amount the
               Buyer expends in procuring a correction or replacement for any
               covered part subject to a defect or non-performance covered by
               this Clause 12, and the Buyer will not have any right to require
               specific performance by the Seller.

12.7           NEGOTIATED AGREEMENT

                    The Buyer specifically recognizes that:

                    (i)       the Specification has been agreed upon after
                              careful consideration by the Buyer using its
                              judgment as a professional operator of, and
                              maintenance provider with respect to, aircraft
                              used in public transportation and, as such, is a
                              professional within the same industry as the
                              Seller;

                    (ii)      this Agreement, and in particular this Clause 12,
                              has been the subject of discussion and negotiation
                              and is fully understood by the Buyer; and

                    (iii)     the price of the Aircraft and the other mutual
                              agreements of the Buyer set forth in this
                              Agreement were arrived at in consideration of,
                              inter alia, the provisions of this Clause 12,
                              specifically including the Exclusivity of
                              Warranties set forth in Sub-clause 12.5.

                                                                              55
<Page>

13             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              56
<Page>

[ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              57
<Page>

[ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              58
<Page>

[ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              59
<Page>

14             INTENTIONALLY DELETED

                                                                              60
<Page>

15             INTENTIONALLY DELETED

                                                                              61
<Page>

16             TRAINING AND COMPUTER-BASED TRAINING AIDS

16.1.          GENERAL

               This Clause covers the terms and conditions for the supply of
               training and Computer-Based Training ("CBT") aids for the Buyer's
               personnel to support the Aircraft operation.

16.2.          SCOPE

16.2.1         The range and quantities of training and CBT aids to be provided
               free of charge under this Agreement are covered in Appendix A to
               this Clause 16. The Seller shall arrange availability of such
               training and CBT aids to be delivered in accordance with the plan
               developed and agreed to at the initial Training Conference to be
               held no later than one hundred twenty (120) days after the
               execution of this Agreement.

16.2.2         The contractual training courses, defined in Appendix A to this
               Clause 16, will be provided up to [ * ] after Delivery of the
               last Aircraft. [ * ]

16.2.3         In the event that the Buyer should use none or only part of the
               training to be provided pursuant to this Clause, the Seller shall
               compensate the Buyer with training credits applicable to catalog
               training courses available on other Airbus products for a period
               of [ * ] after Delivery of the last Aircraft. In the event that
               the Buyer does not take any courses during that period, the
               Seller shall have no obligation to provide any additional
               compensation.

16.2.4         In the event that the Buyer should use none or only part of the
               CBT aids to be provided pursuant to this Clause, no compensation
               or credit of any sort will be provided.

16.3.          TRAINING ORGANIZATION / LOCATION

16.3.1         The Seller shall provide training at the Buyer's training
               facilities for Flight-Crew Training. In the event that the
               Buyer's training facilities are not equipped with devices to
               train for the Aircraft, or such devices are not available, the
               Seller will provide the training at the Airbus Training Center in
               Miami, Florida, and/or at its affiliated training centers in
               Blagnac, France, or Beijing, China. For maintenance training, the
               Seller shall provide training at the Buyer's hub facilities,
               unless otherwise mutually agreed upon. In the event that the
               Buyer's hub facilities are not available, training shall be
               provided at the Airbus Training Center in Miami, Florida, and/or
               at its affiliated training centers in Blagnac, France, or
               Beijing, China. Should training at the Seller's facilities be
               required, selection of the facility

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              62
<Page>

               location shall be mutually agreed. All additional charges listed
               in Sub-clause 16.6.2 shall be borne by the Buyer.

16.3.2         In the event of the non-availability of facilities or scheduling
               imperatives making training by the Seller impractical, the Seller
               will make arrangements for the provision to the Buyer of such
               training support elsewhere.

16.4           TRAINING COURSES

16.4.1         Training courses, as well as the minimum and maximum numbers of
               trainees per course provided for the Buyer's personnel, will be
               defined during the training development and will be scheduled as
               mutually agreed upon during the final training conference (the
               "Training Conference") to be held at least [ * ] prior to
               Delivery of the first Aircraft.

16.4.2         The following terms will apply when training is performed by the
               Seller:

               (i)       Training course modules will be the Seller's standard
                         course modules as described in the Seller's applicable
                         Training Course Catalog. All training curricula and
                         course syllabi shall be in accordance with the
                         agreements made during the Planning Training
                         Conferences.

               (ii)      The training curricula and CBT may not be fully
                         customized. However, academic curricula shall be
                         modified to include the significant aspects of the
                         Specification (to the exclusion of Buyer Furnished
                         Equipment) as known at the latest six (6) months prior
                         to the date of the first training course planned for
                         the Buyer. Differences training shall be limited to no
                         more than eight (8) hours. The Seller shall provide a
                         differences training curricula and CBT package to the
                         Buyer, if necessary. [ * ]

               (iii)     Student training materials and documentation necessary
                         for training detailed in Appendix A to this Clause 16
                         will be free of charge and will not be revised once
                         provided to the student. Student training materials and
                         documentation will be marked "FOR TRAINING ONLY" and as
                         such will be supplied for the sole and express purpose
                         of training.

               (iv)      Upon the request of the Buyer and at no charge to the
                         Buyer, the Seller will collect and pack for
                         consolidated shipment to the Buyer's facility, all
                         training data and documentation of the Buyer's trainees
                         attending training at the Airbus Training Center in
                         Miami, Florida, Blagnac, France, or Beijing, China, as
                         applicable. This training data and documentation will
                         be delivered Free Carrier (FCA) Miami International

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              63
<Page>

                         Airport. The Buyer will provide the Seller with COMAT
                         procedures or the Buyer's FEDEX AWB number. It is
                         understood that title to and risk of loss of the
                         training data and documentation will pass to the Buyer
                         upon delivery thereof.

16.4.3         In the event the Buyer decides to cancel or reschedule a training
               course, a minimum advance notice of sixty (60) calendar days will
               be required. Any later cancellation or change, if courses cannot
               be allocated to other customers, will be deducted from the
               training allowances defined herein or will be charged to the
               Buyer, as applicable, [ * ].

16.4.4         In fulfillment of its obligation to provide training courses,
               when the Seller performs the training courses, the Seller will
               deliver to the trainees a certificate of completion at the end of
               any such training course. The Seller's certificate does not
               represent authority or qualification by any official Aviation
               Authorities but may be presented to such officials in order to
               obtain relevant formal qualification. Notwithstanding the
               foregoing, the training courses shall be approved by the FAA and
               shall meet certification requirements as required by the FAA
               [ * ].

               In the event that training is provided by a training provider
               selected by the Seller, the Seller will cause such training
               provider to deliver a certificate of completion at the end of any
               such training course. Such certificate will not represent
               authority or qualification by any official Aviation Authorities
               but may be presented to such officials in order to obtain
               relevant formal qualification. Notwithstanding the foregoing, the
               training courses shall be approved by the FAA and shall meet
               certification requirements as required by the FAA for aircraft
               type ratings or maintenance certificates as necessary to allow
               the Buyer to meet regulatory obligations to operate and maintain
               the Aircraft.

16.5           PREREQUISITES

16.5.1         Training will be conducted in English, and all CBT aids are
               written in English using common aeronautical terminology.
               Trainees must have the prerequisite experience as defined in
               Appendix B to this Clause 16.

               It is clearly understood that the Seller's training courses are
               "Transition Training Courses" and not "Ab Initio Training
               Courses."

               Furthermore, the Buyer will be responsible for the selection
               of the trainees and for any liability with respect to the
               entry knowledge level of the trainees.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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16.5.2         The Buyer will provide the Seller with an attendance list of the
               trainees for each course with the validated qualification of each
               trainee. The Seller reserves the right to check the trainees'
               proficiency and previous professional experience. The Seller will
               in no case warrant or otherwise be held liable for any trainee's
               performance as a result of any training services provided.

16.5.3         Upon the Buyer's request, the Seller may be consulted to direct
               the above mentioned trainee(s) through a relevant entry level
               training qualification program, which will be at the Buyer's
               charge, and, if necessary, to coordinate with competent outside
               organizations for this purpose. Such consultation will be held as
               soon as it is apparent that the trainee(s) do not meet minimum
               standards. In the event the Seller should determine that a
               trainee lacks the required entry level qualification, such
               trainee will, following consultation with the Buyer, be withdrawn
               from the program and will then be considered to be at the Buyer's
               disposal.

16.6.          LOGISTICS

16.6.1         TRAINEES

16.6.1.1       When training is done at the Airbus Training Center in Miami,
               Florida, the Seller will provide a free-of-charge rental car for
               all of the Buyer's trainees at the beginning of the training
               course on the basis of one (1) rental car per four (4)
               maintenance, operations and other trainees and one (1) rental car
               per each flight crew. The Seller will provide rental cars with
               unlimited mileage [ * ], and the Buyer will pay for fuel and
               fines, if any. However, the Buyer will indemnify and hold the
               Seller harmless from and against all liabilities, claims,
               damages, costs and expenses for any injury to or death of any of
               the Buyer's trainees occasioned during the course of such
               transportation.

16.6.1.2       When training is done at the Airbus Training Center in Blagnac,
               France, or Beijing, China, the Seller will provide free local
               transportation by bus for the Buyer's trainees to and from
               designated pick-up points and the training center

16.6.1.3       Living expenses for the Buyer's trainees are to be borne by the
               Buyer.

16.6.2         TRAINING AT EXTERNAL LOCATION

16.6.2.1       SELLER'S INSTRUCTORS

               In the event that training is provided by the Seller's
               instructors at any location other than the Seller's training
               centers, the Buyer will reimburse the Seller for all the
               expenses, defined below in Sub-clauses 16.6.2.2, 16.6.2.3,
               16.6.2.4 and 16.6.2.5

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              65
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               related to the assignment of such instructors and their
               performance of the duties as aforesaid.

16.6.2.2       LIVING EXPENSES FOR THE SELLER'S INSTRUCTORS

               The Buyer will reimburse the Seller for the expenses related to
               the assignment of the Seller's instructors and their performance
               of the duties as aforesaid. Such expenses, covering the entire
               period from day of secondment to day of return to the Seller's
               base, will be reimbursed by the Buyer to the Seller at the daily
               rate of (i) [ * ], not including air travel, in the event the
               instruction is conducted in Memphis, Tennessee, in which case the
               Buyer will provide reasonable assistance to the Seller in making
               accommodation arrangements, or (ii) [ * ], not including air
               travel, in the event the instruction is conducted outside of
               Memphis, Tennessee. The above amounts are subject to reasonable
               yearly escalation.

16.6.2.3       AIR TRAVEL

               The Buyer will provide air transportation for the Seller's
               instructors. Airline tickets will be confirmed and guaranteed in
               business class for international travel and coach class for
               domestic travel or, at the Buyer's choice, the Buyer will
               reimburse the Seller for airline tickets purchased by the Seller.

16.6.2.4       INSTRUCTOR'S MATERIAL

               The Buyer will reimburse the Seller for the cost of shipping the
               instructor's material needed to conduct such courses.

16.6.2.5       BUYER'S INDEMNITY

               The Buyer will be solely liable for any and all cancellation or
               delay in the performance of the training outside of the Seller's
               training centers associated with the transportation services
               described above and will indemnify and hold the Seller harmless
               from such delay and any consequences arising therefrom.

16.6.2.6       TRAINING EQUIPMENT AVAILABILITY

               Training equipment necessary for course performance at any course
               location other than the Seller's training centers or the
               facilities of the training provider selected by the Seller will
               be provided by the Buyer in accordance with terms specified
               herein and any agreements reached during the Training
               Conferences.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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16.7           FLIGHT OPERATIONS TRAINING

16.7.1         FLIGHT-CREW TRAINING COURSE

16.7.1.1       The Seller will perform a flight-crew training course program
               (regular transition program or a cross-crew qualification program
               as applicable) for the Buyer's flight crews, each of which will
               consist of one (1) captain and one (1) first officer, as defined
               in Appendix A to this Clause 16. The training manual used will be
               the electronic Seller's Flight Crew Operating Manual. No later
               than one (1) month before the start of the training course, the
               Buyer will provide the Seller with an attendance list of
               trainees, indicating the aircraft type last flown by each
               trainee.

16.7.1.2       The Buyer will use its delivered Aircraft for any required
               aircraft in-flight training. This training will not exceed [ * ]
               per pilot. When aircraft in-flight crew training is performed at
               a designated site of the Seller, the Seller will provide
               free-of-charge line maintenance, including servicing, preflight
               checks and changing of minor components, subject to conditions
               agreed to in this Agreement.

16.7.1.3       The Buyer will provide mutually agreed spare parts as required to
               support said Aircraft in-flight training and will provide
               insurance in line with Sub-clause 16.12.

16.7.1.4       In all cases, the Buyer will bear all expenses such as fuel, oil
               and landing fees.

16.7.2         The Seller will perform a flight instructor familiarization
               course for the Buyer's flight instructors having already
               performed a transition course as defined in Appendix A to this
               Clause 16.

16.7.3         FLIGHT-CREW LINE INITIAL OPERATING EXPERIENCE

16.7.3.1       In order to assist the Buyer with initial operating experience
               after Delivery of the first Aircraft, the Seller will provide to
               the Buyer pilot instructor(s) as defined in Appendix A to this
               Clause 16. The maximum guaranteed number of pilot instructors
               present at one time will be limited to two (2) pilot instructors.

16.7.3.2       The Buyer will reimburse the expenses for each such instructor in
               accordance with Sub-clause 16.6.2. Additional pilot instructors
               can be provided at the Buyer's expense and upon conditions to be
               mutually agreed upon.

16.7.3.3       Prior to any flight training to be performed by the Seller on the
               Buyer's Aircraft, the Buyer will provide to the Seller a copy of
               the certificate of insurance as requested in Clause 19.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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16.7.4         PERFORMANCE / OPERATIONS COURSE

               The Seller will provide performance/operations training for the
               Buyer's personnel as defined in Appendix A to this Clause 16.

               The available courses are listed in the Seller's applicable
               Training Course Catalog.

16.8           MAINTENANCE TRAINING

16.8.1         The Seller will provide maintenance training for the Buyer's
               ground personnel as defined in Appendix A to this Clause 16. The
               available courses are listed in the Seller's applicable Training
               Course Catalog. [ * ]

               No later than one (1) month before the start of the training
               course, the Buyer will provide the Seller with an attendance list
               of trainees, indicating the aircraft type(s) on which each
               trainee has been qualified.

16.8.2         LINE MAINTENANCE INITIAL OPERATING EXPERIENCE TRAINING

               In order to assist the Buyer during the entry into service of the
               Aircraft, the Seller will provide to the Buyer maintenance
               instructor(s) at the Buyer's base as defined in Appendix A to
               this Clause 16.

16.8.2.1       This line maintenance initial operating experience training will
               cover training in handling and servicing of Aircraft, flight crew
               and maintenance coordination, use of paper and/or electronic
               documentation, CAATS, ADRES and/or any other activities which may
               be deemed necessary after Delivery of the first Aircraft.

16.8.2.2       The Buyer will reimburse the expenses for said instructor(s) in
               accordance with Sub-clause 16.6.2. Additional maintenance
               instructors can be provided at the Buyer's expense.

16.9           SUPPLIER AND ENGINE MANUFACTURER TRAINING

               The Seller will ensure that the major Suppliers and the
               Propulsion Systems manufacturer will provide maintenance and
               overhaul training on their products at appropriate times. [ * ]

16.10          CBT AIDS FOR THE BUYER'S TRAINING ORGANIZATION

16.10.1        The Seller will provide to the Buyer the Airbus Computer Based
               Training ("Airbus CBT") and CBT aids, free of charge as defined
               in Appendix A to this Clause 16.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              68
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               The training courses and CBT aids shall be developed in
               accordance with the standards of the AICC and shall meet FAA
               regulatory requirements. [ * ]

16.10.2        DELIVERY

16.10.2.1      The Seller will deliver to the Buyer the Airbus CBT and CBT aids
               as defined in Appendix A to this Clause 16, at a date to be
               mutually agreed during the Training Conference. [ * ]

16.10.2.2      Those items supplied to the Buyer pursuant to Sub-clause 16.10.1
               above will be delivered FCA Toulouse, Blagnac Airport. Title to
               and risk of loss of said items will pass to the Buyer upon
               delivery.

16.10.2.3      All costs related to transportation and insurance of said items
               from the FCA point to the Buyer's facilities will be at the
               Buyer's expense.

16.10.3        INSTALLATION

16.10.3.1      Upon the Buyer's request, the Seller shall assist the Buyer with
               the initial installation of the agreed upon Airbus CBT courseware
               at the Buyer's facility following notification in writing that
               the various components, which are in accordance with
               specifications defined during the Preliminary Training Conference
               or subsequent joint training conferences, are ready for
               installation and available at the Buyer's facility.

16.10.3.2      The Buyer will provide any and all the necessary hardware on
               which the agreed upon Airbus CBT will be installed, and Seller
               will not be responsible for any incompatibility of such hardware
               with the agreed upon Airbus CBT, provided that the hardware meets
               the requirements agreed to in the Preliminary Training Conference
               or subsequent joint training conferences.

16.10.3.3      The agreed upon Airbus CBT courseware will be installed by the
               Buyer's personnel, and the Seller will be held harmless from any
               damage to person and/or to property caused by or in any way
               connected with, the handling and/or installation of the Airbus
               CBT by the Buyer's personnel.

16.10.3.4      The Buyer will reimburse the expenses in accordance with
               Sub-clause 16.6.2, for the Seller's personnel required at the
               Buyer's facility to provide installation assistance.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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16.10.4        LICENSE

16.10.4.1      The Seller will grant the Buyer an Airbus CBT license as defined
               in Appendix C to this Clause 16.

16.11          PROPRIETARY RIGHTS

               Student training materials and documentation, Airbus CBT and CBT
               aids are proprietary to the Manufacturer and its suppliers, and
               the Buyer agrees not to disclose the content of the courseware or
               any information or documentation provided by the Seller in
               relation to training, in whole or in part, to any third party
               without the prior written consent of the Seller. The Seller will
               not unreasonably withhold such consent if the Buyer or the
               Buyer's subcontractor needs to use the above mentioned data for
               development and further improvement of the Buyer's own training
               needs.

16.12          INDEMNIFICATION AND INSURANCE

               Indemnification provisions additional to those in Sub-clause
               16.6.2.5 and insurance requirements are as set forth in Clause
               19.

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                                                         APPENDIX A TO CLAUSE 16

               TRAINING ALLOWANCE

1.             FLIGHT-CREW TRANSITION TRAINING

1.1            FLIGHT-CREW TRAINING

               The Seller will provide flight-crew transition training, free of
               charge, for [ * ] of the Buyer's flight crews (for a total of
               [ * ]) to enable the Buyer to dispense flight-crew transition
               training up to CAT III.

1.2            FLIGHT INSTRUCTOR FAMILIARIZATION COURSE

               The Seller will perform a flight instructor familiarization
               course for up to [ * ] of the Buyer's flight instructors who have
               already performed the transition course. The flight instructor
               familiarization course will include instruction in simulator
               operation.

1.3            FLIGHT-CREW LINE INITIAL OPERATING EXPERIENCE

               The Seller will provide to the Buyer pilot instructor(s) free of
               charge for a period of [ * ] to assist with flight-crew initial
               operating experience.

               The maximum guaranteed number of pilot instructors present at any
               one time will be limited to [ * ] pilot instructors.

1.4            PERFORMANCE/OPERATIONS COURSE(S)

               The Seller will provide to the Buyer [ * ] of
               performance/operations training free of charge for the Buyer's
               personnel.

               The above trainee days will be used solely for the
               performance/operations training courses as defined in the
               Seller's applicable Training Course Catalog.

               In addition, the Buyer will be allowed to send an engineer(s) to
               any scheduled performance engineer class at the Seller's training
               centers free of charge, classroom space permitting. The Buyer's
               attendees will be responsible for their own travel expenses.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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                                                         APPENDIX A TO CLAUSE 16

2.             MAINTENANCE TRAINING

2.1            MAINTENANCE TRAINING COURSES

               The Seller will provide to the Buyer [ * ] of maintenance
               training free of charge for the Buyer's personnel.

               These trainee days will be used solely for the Maintenance
               training courses as agreed to in the Preliminary Training
               Conference or as defined in the Seller's applicable Training
               Course Catalog. The number of Engine Run-up courses will be
               limited to [ * ] courses for [ * ] trainees per Firm Aircraft.

               The Buyer and the Seller shall agree on the best balance of
               formal classroom training and on-the-job training to ensure a
               smooth entry into service and continued operation of the
               Aircraft.

2.2            LINE MAINTENANCE INITIAL OPERATING EXPERIENCE TRAINING

               The Seller will provide to the Buyer maintenance instructor(s) at
               any of the Buyer's hubs free of charge for up to a total period
               of [ * ] weeks.

2.3            [ * ]

3.             TRAINEE DAYS ACCOUNTING

               Trainee days are counted as follows:

               -    For instruction at the Seller's training centers, one (1)
                    day of instruction for one (1) trainee equals one (1)
                    trainee day, and the number of trainees at the beginning of
                    the course will be counted as the number of trainees
                    considered to have taken the course.

               -    For instruction outside of the Seller's training centers,
                    one (1) day of secondment of one (1) Seller instructor
                    equals the actual number of trainees attending the course or
                    a minimum of [ * ] trainee days.

4.             CBT AIDS AND CBT SYSTEM FOR THE BUYER'S TRAINING ORGANIZATION

4.1            The Seller will provide the Buyer with the following training
               aids:

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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                                                         APPENDIX A TO CLAUSE 16

               -    [ * ] sets of cockpit color paper panel drawings (scale 1/1)
                    and one (1) reproducible CD ROM;

               -    As available, computer readable copies of all instructor and
                    student training materials in their existing format. The
                    Buyer shall have the right to amend/modify any of this
                    documentation as necessary to support its specific training
                    requirements; and

               -    [ * ] sets of cockpit color paper panel drawings (scale 1/2)
                    and one (1) reproducible CD ROM.

4.2            The Seller will provide to the Buyer one (1) Airbus CBT, defined
               in Sub-clause 2.1.3 of Appendix C hereto, for workstations
               related to the Aircraft.

               The Airbus CBT supplied to the Buyer will consist of

               -    one (1) Airbus CBT installation/utilization guide

               -    one (1) set of CD-ROM with run-time software related to the
                    delivered courseware.

               FOR FLIGHT OPERATIONS TRAINING

               The A380 Family flight-crew Airbus CBT courseware will be
               delivered with one (1) set of Airbus CBT courseware as developed
               in accordance with Sub-clause 16.2.1 of this Agreement.

               FOR MAINTENANCE TRAINING

               The A380 Family maintenance Airbus CBT courseware will be
               delivered with

               -    one (1) set of CD ROM with Airbus CBT courseware files;

               -    one (1) set of electronic training documentation master,
                    whenever applicable;

               -    one (1) set of menu listings; and

               -    [ * ] sets of DVD-ROM, whenever applicable.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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                                                         APPENDIX B TO CLAUSE 16

                        MINIMUM RECOMMENDED QUALIFICATION
                      IN RELATION TO TRAINING REQUIREMENTS
                          (Regular Transition Courses)

The prerequisites listed below are the minimum recommended requirements
specified for Airbus training. If the appropriate regulatory agency, or the
specific airline policy of the trainee, demands greater or additional
requirements, they will apply as prerequisites:

               CAPTAIN PREREQUISITES

               -    Fluency in English,
               -    1,500 hours minimum flying experience as pilot,
               -    1,000 hours experience on FAR/JAR 25 aircraft,
               -    200 hours experience as airline, corporate or military
                    pilot, and
               -    Must have flown transport-type aircraft, as flying pilot,
                    within the last twelve (12) months.

               FIRST OFFICER PREREQUISITES

               -    Fluency in English,
               -    500 hours minimum flying experience as pilot of fixed-wing
                    aircraft,
               -    300 hours experience on FAR/JAR 25 aircraft,
               -    200 hours flying experience as airline, corporate or
                    military pilot, and
               -    Must have flown transport-type aircraft, as flying pilot,
                    within the last twelve (12) months.

               For both CAPTAIN and FIRST OFFICER, if one (1) or several of the
               above criteria are not met, the trainee must follow:

               (i)       an adapted course (example: if not fluent in English,
                         an adapted course with a translator), or

               (ii)      an Entry Level Training (ELT) program before entering
                         the regular or the adapted course.

               Such course(s), if required, will be at the Buyer's expense.

               MAINTENANCE PERSONNEL PREREQUISITES

               -    Fluency in English,
               -    Experience on first- or second-generation jet
                    transport-category aircraft,
               -    Qualification as line or line and base mechanic on one (1)
                    Airbus aircraft type (for Aircraft Rigging course), and

                                                                              74
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               -    Qualification as line or line and base mechanic on the
                    relevant Airbus aircraft type (for Maintenance Initial
                    Operating Experience course).

                                                                              75
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                                                         APPENDIX C TO CLAUSE 16

         LICENSE FOR USE OF AIRBUS A380 AIRCRAFT COMPUTER BASED TRAINING

1.             GRANT

               Pursuant to the terms and conditions herein, the Seller hereby
               grants the Buyer a non-exclusive, non-transferable, fully-paid
               and royalty-free license to use the Airbus CBT System for the
               duration of the term (defined in Clause 4 below) of this license
               (the "License").

2.             DEFINITIONS

2.1            For the purpose of this Appendix C to Clause 16, the following
               definitions will apply:

2.1.1          "Airbus CBT Courseware" means the lessons designed to provide
               flight-crew and maintenance training for the Aircraft.

2.1.2          "Airbus CBT Software" means the system software and all related
               documentation that permits the use of the Airbus CBT Courseware.

2.1.3          "Airbus CBT System" means the combination of the Airbus CBT
               Software and the Airbus CBT Courseware.

2.1.4          "Student/Instructor Mode" means the mode that allows the user to
               run the Airbus CBT Courseware.

2.1.5          "Airbus CBT Training " means the training enabling the Buyer to
               load and use the Airbus CBT System.

2.2            For the purpose of clarification, it is hereby stated that all
               related hardware required for the operation of the Airbus CBT
               System is not part of the Airbus CBT System and will be procured
               under the sole responsibility of the Buyer.

3.             COPIES

3.1            The Buyer will be permitted to copy the Airbus CBT Software for
               back-up and archiving purposes and for loading of the Airbus CBT
               Software exclusively on the Buyer's workstations. In such cases,
               the Buyer will advise the Seller in writing stating the number
               and purpose of any copies made. Any other copying is strictly
               prohibited.

3.2            The Buyer agrees to reproduce the copyright and other notices as
               they appear on or within the original media on any copies that
               the Buyer makes of the Airbus CBT Software.

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                                                         APPENDIX C TO CLAUSE 16

4.             TERM

               The rights under this License will be granted to the Buyer for as
               long as the Buyer operates the aircraft model to which the Airbus
               CBT Software and the Airbus CBT courseware apply. When the Buyer
               stops operating the A380F Aircraft model, the Buyer will use its
               best reasonable efforts to return the Airbus CBT source code and
               any copies thereof to the Seller, accompanied by a note
               certifying that the Buyer has used its best reasonable efforts to
               return all existing copies.

5.             PERSONAL ON-SITE LICENSE

5.1            The above described License is personal to the Buyer for use of
               the Airbus CBT System within the Buyer's premises only.

5.2            The Buyer may not (i) distribute or sub-license any portion of
               the Airbus CBT System, (ii) modify or prepare derivative works
               from the Airbus CBT System, (iii) publicly display visual output
               of the Airbus CBT Software, or (iv) transmit the Airbus CBT
               Software electronically unless otherwise permitted by the Seller
               under conditions to be agreed upon. [ * ]

5.3            [ * ]

6.             CONDITIONS OF USE

6.1            USE OF THE AIRBUS CBT SOFTWARE

               For the student delivery mode, the Buyer will use the Airbus CBT
               Software for the exclusive purpose of:

               (i)       including students on the roster for one (1) or several
                         courses' syllabi in order to follow students'
                         progression,

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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                                                         APPENDIX C TO CLAUSE 16

               (ii)      rearranging course syllabi or creating new ones using
                         available courseware modules, it being understood that
                         the Seller disclaims any responsibility regarding any
                         course(s) that may be modified or rearranged by the
                         Buyer.

6.2            USE OF THE AIRBUS CBT COURSEWARE

               The Buyer will use the Airbus CBT Courseware for the exclusive
               purpose of performing training instructions for its personnel, or
               for third-party personnel contracted to perform work on the
               Aircraft on behalf of the Buyer. Such training will be performed
               at the Buyer's facility or at a subcontractor's facility provided
               it is conducted by the Buyer's personnel.

7.             PROPRIETARY RIGHTS AND NONDISCLOSURE

               The Airbus CBT Software and Airbus CBT Courseware, the copyrights
               and any and all other author rights, intellectual, commercial or
               industrial proprietary rights of whatever nature in the Airbus
               CBT Software and Airbus CBT Courseware are, and will remain with,
               the Seller or its suppliers, as the case may be. The Airbus CBT
               Software and Airbus CBT Courseware and their contents are
               designated as confidential. The Buyer will not take any
               commercial advantage by copy or presentation to third parties of
               the Airbus CBT Software, the documentation, the Airbus CBT
               Courseware and/or any rearrangement, modification or copy
               thereof.

               The Buyer acknowledges the Manufacturer's proprietary rights in
               the Airbus CBT System and undertakes not to disclose the Airbus
               CBT Software or Airbus CBT Courseware or parts thereof or their
               contents to any third party without the prior written consent of
               the Seller. Insofar as it is necessary to disclose aspects of the
               Airbus CBT Software and Airbus CBT Courseware to the Buyer's
               personnel, such disclosure is permitted only for the purpose for
               which the Airbus CBT Software and Airbus CBT Courseware are
               supplied to the Buyer under the License.

8.             LIMITED WARRANTY

8.1            The Seller warrants that the Airbus CBT System is prepared in
               accordance with the state of the art at the date of its
               conception. Should the Airbus CBT System be found to contain any
               non-conformity or defect, the Buyer will notify the Seller
               promptly thereof and the sole and exclusive liability of the
               Seller under this Sub-clause 8.1 of the Airbus CBT License will
               be to correct the same at its own expense.

8.2            WAIVER, RELEASE AND RENUNCIATION

               THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND
               REMEDIES OF THE BUYER SET FORTH IN THIS LICENSE ARE EXCLUSIVE AND
               IN SUBSTITUTION FOR, AND THE BUYER HEREBY WAIVES, RELEASES

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                                                         APPENDIX C TO CLAUSE 16

               AND RENOUNCES, ALL OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES
               OF THE SELLER AND RIGHTS, CLAIMS AND REMEDIES OF THE BUYER
               AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING BY LAW OR
               OTHERWISE WITH RESPECT TO ANY NONCONFORMITY OR DEFECT (OTHER THAN
               COPYRIGHT OR PATENT INFRINGEMENTS) IN THE AIRBUS CBT SYSTEM
               DELIVERED UNDER THIS LICENSE INCLUDING BUT NOT LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS;

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

               (C)  ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE,
                    COURSE OF DEALING OR USAGE OF TRADE;

               (D)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER
                    CONTRACTUAL OR IN TORT AND WHETHER OR NOT ARISING FROM THE
                    SELLER'S NEGLIGENCE, ACTUAL OR IMPUTED; AND

               (E)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS
                    OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY
                    OR PART THEREOF.

               THE SELLER WILL HAVE NO OBLIGATION OR LIABILITY, HOWSOEVER
               ARISING, FOR LOSS OF USE, REVENUE OR PROFIT OR FOR ANY OF THE
               BUYER'S DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES WITH RESPECT
               TO ANY NON-CONFORMITY OR DEFECT IN THE AIRBUS CBT SYSTEM
               DELIVERED UNDER THIS LICENSE.

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17             EQUIPMENT SUPPLIER PRODUCT SUPPORT

17.1           EQUIPMENT SUPPLIER PRODUCT SUPPORT AGREEMENTS

17.1.1         The Seller has obtained Supplier Product Support Agreements
               transferable to the Buyer from Suppliers of Seller Furnished
               Equipment listed in the Specification.

17.1.2         These agreements are based on, or exceed, the requirements of the
               "World Airlines and Suppliers Guide" and include Supplier
               commitments contained in the Supplier Product Support Agreements,
               which include the following:

               (i)       Technical data and manuals required to operate,
                         maintain, service and overhaul the Supplier items will
                         (a) be prepared in accordance with the applicable
                         provisions of ATA Specification 100 and 101 in
                         accordance with Condition 4 of Letter Agreement No. 4
                         to this Agreement, (b) include revision service, and
                         (c) be published in the English language. The Seller
                         recommends that software data, supplied in the form of
                         an appendix to the Component Maintenance Manual, be
                         provided in compliance with ATA Specification 102 up to
                         Level 3 to protect Supplier's proprietary interests.

               (ii)      Warranties and guarantees, including Suppliers'
                         standard warranties, and, in the case of Suppliers of
                         landing gear, service life policies for selected
                         landing gear structures.

               (iii)     Training to ensure efficient operation, maintenance and
                         overhaul of Suppliers' items for the Buyer's
                         instructors and shop and line-service personnel.

               (iv)      Spares data in compliance with ATA Specification 200 or
                         2000, initial provisioning recommendations and spares
                         and logistics services, including routine and emergency
                         deliveries.

               (v)       Technical service to assist the Buyer with maintenance,
                         overhaul, repair, operation and inspection of Supplier
                         items as well as required tooling and spares
                         provisioning.

17.2           SUPPLIER COMPLIANCE

               The Seller will monitor Supplier compliance with support
               commitments defined in the Supplier Product Support Agreements,
               and the Seller will take action together with the Buyer, if
               necessary.

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17.3           SUPPLIER PART REPAIR STATIONS

17.3.1         The Manufacturer has developed with its Suppliers a comprehensive
               network of repair stations in North America for those Supplier
               Parts originating from outside this territory.

               As a result, most Supplier Parts are repairable in North America,
               and corresponding repair stations are listed in the AOG and
               Repair Guide, which is issued and regularly updated by the
               Manufacturer.

               The Seller undertakes that the Supplier Parts that have to be
               forwarded for repair outside North America will be sent back to
               the Buyer with proper tagging as required by the FAA.

17.3.2         The Seller will support the Buyer in cases where the agreed
               repair turn time of an approved repair station is not met by
               causing free-of-charge loans or exchanges as specified in the
               relevant Supplier Product Support Agreements to be offered to the
               Buyer.

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18             BUYER FURNISHED EQUIPMENT

18.1           ADMINISTRATION

18.1.1         Without additional charge and in accordance with the
               Specification, the Seller will cause the Manufacturer to install
               the BFE, provided that the BFE is referred to in the Airbus BFE
               Catalog of Approved Suppliers by Products valid at the time the
               BFE is ordered.

               The Seller will cause the Manufacturer to advise the Buyer of the
               dates by, and the location to, which, in the planned release of
               engineering for the Aircraft, the Seller requires a written
               detailed engineering definition. This description will include
               the description of the dimensions and weight of BFE, the
               information related to its certification and information
               necessary for the installation and operation thereof. The Buyer
               will furnish such detailed description and information by the
               dates specified. Thereafter, no information, dimensions or
               weights will be revised unless authorized by an SCN.

               The Seller will also provide the Buyer, sixty (60) days in
               advance of supplier lead time, with a schedule of dates and
               shipping addresses for delivery of BFE and (when requested by the
               Seller) additional spare BFE to permit installation of the BFE in
               the Aircraft and Delivery of the Aircraft in accordance with the
               Delivery Schedule. The Buyer will provide the BFE by such dates
               in a serviceable condition, to allow performance of any assembly,
               test or acceptance process in accordance with the industrial
               schedule.

               The Buyer will also provide, when requested by the Manufacturer,
               at Airbus France S.A.S. works and/or at Airbus Deutschland GmbH
               works, adequate field service, including support from BFE
               suppliers to act in a technical advisory capacity to the Seller
               in the installation, calibration and possible repair of any BFE.

18.1.2         The BFE will be imported into France or into Germany by the Buyer
               under a suspensive customs system ("REGIME DE L'ENTREPOT
               INDUSTRIEL POUR FABRICATION COORDONNEE" or "ZOLLVERSCHLUSS"),
               without application of any French or German tax or customs duty,
               and will be Delivered Duty Unpaid (DDU) (as defined in the April
               1990 edition of Publication No. 460, published by the
               International Chamber of Commerce) according to the Incoterms
               definition, to

               Airbus France S.A.S.,
               316, route de Bayonne
               31300 Toulouse
               France

               or

                                                                              82
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               Airbus Deutschland GmbH,
               Division Hamburger Flugzeugbau
               Kreetslag 10
               21129 Hamburg
               Federal Republic of Germany

               as provided in Sub-clause 18.1.1.

18.1.3         If the Buyer requests the Seller to supply directly certain items
               that are considered BFE according to the Specification, and if
               such request is notified to the Seller in due time in order not
               to affect the Delivery Date of the Aircraft, the Seller may agree
               to order such items subject to the execution of an SCN reflecting
               the effect on price, escalation adjustment and any other
               conditions of the Agreement. In such a case, the Seller will be
               entitled to the payment of a reasonable handling charge and will
               bear no liability in respect of delay and product support
               commitments for such items.

18.2           REQUIREMENTS

               The Buyer is responsible for assuring and warranting, at its
               expense, that BFE will (i) meet the requirements of the
               applicable Specification, (ii) comply with applicable
               requirements incorporated by reference to the Type Certificate
               and listed in the Type Certificate Data Sheet, and (iii) be
               approved by the Aviation Authorities delivering the Export
               Certificate of Airworthiness and by the Buyer's Aviation
               Authority for installation and use on the Aircraft at the time of
               Delivery of such Aircraft. At the Buyer's request, the Seller
               will provide reasonable assistance to determine specific
               requirements of the DGAC relating to BFE.

18.3           THE BUYER'S OBLIGATION AND THE SELLER'S REMEDIES

18.3.1         Any delay or failure in,

               (i)       furnishing the BFE in serviceable condition at the
                         requested delivery date,

               (ii)      complying with the warranty in Sub-clause 18.2 or in
                         providing the descriptive information or service
                         representatives mentioned in Sub-clause 18.1.1, or

               (iii)     obtaining any required approval for such equipment
                         under the above mentioned Aviation Authorities'
                         regulations

               may delay the performance of any act to be performed by the
               Seller and cause the Final Contract Price of the Aircraft to be
               adjusted in accordance with the updated Delivery Schedule,
               including, in particular, the costs the Seller incurs that are
               attributable to the delay or failure described above, such as
               storage, taxes, insurance and costs of out-of sequence
               installation.

                                                                              83
<Page>

18.3.2         In addition to the consequences outlined in Sub-clause 18.3.1, in
               the event of a delay or failure described in Sub-clause 18.3.1,

               (i)       the Seller may select, purchase and install equipment
                         similar to the BFE at issue, in which event the Final
                         Contract Price of the affected Aircraft will also be
                         increased by the purchase price of such equipment, plus
                         reasonable costs and expenses incurred by the Seller
                         for handling, transportation, insurance, packaging and,
                         if required and not already provided for in the price
                         of the Aircraft, for adjustment and calibration; or

               (ii)      if the BFE is delayed more than thirty (30) days
                         beyond, or unapproved within thirty (30) days of, the
                         BFE delivery date pursuant to Sub-clause 18.1.1, then
                         the Seller may Deliver, or the Buyer may elect to have
                         the Aircraft delivered, without the installation of
                         such equipment, notwithstanding the terms of Sub-clause
                         7.2 insofar as it may otherwise have applied, whereon
                         the Seller will be relieved of all obligations to
                         install such equipment.

18.4           TITLE AND RISK OF LOSS

               Title to and risk of loss of BFE will at all times remain with
               the Buyer, except that risk of loss (limited to cost of
               replacement of said BFE and excluding in particular loss of use)
               will be with the Seller for as long as the BFE is in the care,
               custody and control of the Seller.

                                                                              84
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19             INDEMNITIES AND INSURANCE

19.1           THE SELLER'S INDEMNITIES

               The Seller will be solely liable for, and will indemnify and will
               hold the Buyer, its directors, officers, agents or employees,
               harmless against, all losses, liabilities, costs, expenses and
               damages, including court costs and reasonable attorneys' fees
               ("Losses"), arising from,

               (a)  claims for injuries to, or deaths of, the Seller's,
                    Manufacturer's or any Associated Contractor's respective
                    directors, officers, agents or employees, or loss or damage
                    to property of the Seller, Manufacturer or any Associated
                    Contractor or their respective employees when such losses
                    occur during or are incidental to, (i) the Buyer's exercise
                    of its inspection rights under Clause 7, (ii) the Technical
                    Acceptance Process described in Clause 8, (iii) the
                    provision of Field Assistance pursuant to Clause 15, or (iv)
                    the provision of training pursuant to Clause 16; and

               (b)  claims for injuries to or deaths of third parties, or loss
                    of property of third parties, occurring during, or
                    incidental to, (i) the Buyer's exercise of its inspection
                    rights pursuant to Clause 7, or (ii) the Technical
                    Acceptance Process described in Clause 8,

               provided that such Losses do not result from the gross negligence
               or willful misconduct of the Buyer, its directors, officers,
               agents or employees.

19.2           THE BUYER'S INDEMNITIES

               The Buyer will be solely liable for, and will indemnify and will
               hold the Seller, the Manufacturer, each of the Associated
               Contractors and their respective subcontractors, Affiliates of
               the Seller, the Seller's representatives and the respective
               assignees, directors, officers, agents and employees of each of
               the foregoing, harmless against, all Losses arising from,

               (a)  claims for injuries to or deaths of the Buyer's directors,
                    officers, agents or employees, or loss or damage to property
                    of the Buyer or its employees, when such losses occur during
                    or are incidental to, (i) the Buyer's exercise of its
                    inspection rights under Clause 7, (ii) the Technical
                    Acceptance Process described in Clause 8, (iii) the
                    provision of Field Assistance pursuant to Clause 15, (iv)
                    the provision of training pursuant to Clause 16, or (v) the
                    Buyer's use of the Seller Avionics Data and the Buyer's
                    development of or installation of the Alternative
                    Modification pursuant to Letter Agreement No. 9 to this
                    Agreement; and

               (b)  claims for injuries to or deaths of third parties, or loss
                    of property of third parties, where such losses arise out of
                    or in connection with (i) the

                                                                              85
<Page>

                    provision of Field Services under Clause 15 or (ii) the
                    provision of training pursuant to Clause 16;

               provided that such Losses do not result from the gross negligence
               or willful misconduct of the Seller (including the Seller's
               Representatives, who are referred to in Clause 15).

19.3           NOTICE AND DEFENSE OF CLAIMS

               (a)  If any claim is made or suit is brought against a party or
                    entity entitled to indemnification under this Clause 19 (the
                    "Indemnitee") for damages for which liability has been
                    assumed by the other party under this Clause 19, (the
                    "Indemnitor"), the Indemnitee will promptly give notice to
                    the Indemnitor and the Indemnitor (unless otherwise
                    requested by the Indemnitee) will assume and conduct the
                    defense, or settlement, of such suit, as the Indemnitor will
                    deem prudent. Notice of the claim or suit will be
                    accompanied by all information pertinent to the matter as is
                    reasonably available to the Indemnitee and will be followed
                    by such cooperation by the Indemnitee as the Indemnitor or
                    its counsel may reasonably request at the expense of the
                    Indemnitor.

               (b)  In the event that the Indemnitor fails or refuses to assume
                    the defense of any claim or lawsuit notified to it under
                    this Clause 19, the Indemnitee will have the right to
                    proceed with the defense or settlement of the claim or
                    lawsuit as it deems prudent and will have a claim against
                    the Indemnitor for any judgments, settlements, costs or
                    expenses, including reasonable attorneys' fees. Further, in
                    such event, the Indemnitor will be deemed to have waived any
                    objection or defense to the Indemnitee's claim based on the
                    reasonableness of any settlement.

19.4           INSURANCE

               (a)  [ * ] the Buyer will maintain adequate insurance to support
                    [ * ] undertakings under this Clause 19, and will bear any
                    deductible amounts set forth in the applicable policies. The
                    Buyer [ * ] will provide a certificate of insurance, upon
                    request, prepared by an insurance broker licensed and
                    skilled in the field of aviation insurance, in English. Such
                    certificate of insurance will name each party as an
                    additional insured under the other's applicable liability
                    policies and will provide that the insurance coverage will
                    not become ineffective, canceled or materially decreased or
                    changed except on thirty (30) days' prior notice to the
                    other.

               (b)  With respect to the Seller's and the Buyer's undertakings in
                    Sub-clauses 19.1 and 19.2, respectively, each party will,

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              86
<Page>

               (i)       cause the other parties being indemnified to be named
                         as additional insureds under the other's liability
                         policies;

               (ii)      obtain and cause the insurers of its hull all-risks and
                         hull war-risk policies to waive all rights of
                         subrogation against the indemnified parties; and

               (iii)     not less than seven (7) Working Days before the
                         commencement of training to be provided under Clause
                         16, furnish to the Seller certificates of insurance, in
                         English, from a licensed insurance broker skilled in
                         the field of aviation insurance, certifying

                         (1)  that the requirements of the foregoing Sub-clauses
                              19.4 (b)(i) and (ii) have been met;

                         (2)  that the limits and insurance periods of each
                              applicable policy have been defined;

                         (3)  that the applicable policies are primary and
                              non-contributory to any other insurance maintained
                              by the Seller;

                         (4)  that the applicable policies contain a
                              cross-liability provision; and

                         (5)  the insurance coverage will not become
                              ineffective, canceled or materially decreased or
                              changed except upon seven (7) Working Days' notice
                              to the Seller.

                                                                              87
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20             ASSIGNMENTS AND TRANSFERS

20.1           ASSIGNMENTS BY THE BUYER

               Except as hereinafter provided, neither the Buyer nor the Seller
               may sell, assign or transfer its rights or obligations under this
               Agreement to any person without the prior written consent of the
               other. [ * ]

20.2           ASSIGNMENTS ON SALE, MERGER OR CONSOLIDATION

               The Buyer will be entitled to assign its rights under this
               Agreement at any time due to a merger, consolidation,
               reorganization, sale or transfer of all, or substantially all, of
               its assets, provided that,

               (i)       the surviving or acquiring entity is organized and
                         existing under the laws of the United States;

               (ii)      the Buyer holds an Operating Certificate issued by the
                         FAA at the time, and immediately following the
                         consummation, of such merger, consolidation,
                         reorganization, sale or transfer; and

               (iii)     following the merger, consolidation, reorganization,
                         sale or transfer, the resulting entity is in a
                         financial condition at least equal to that of the Buyer
                         immediately before such merger, consolidation,
                         reorganization, sale or transfer.

20.3           ASSIGNMENTS BY THE SELLER

               The Seller may at any time, by written notice to the Buyer,
               designate particular facilities or particular personnel of the
               Manufacturer, ANACS, any of the Associated Contractors or any
               Affiliate of the Manufacturer or any Associated Contractor at
               which, or by whom, the services to be performed under this
               Agreement will be performed or may designate the Manufacturer,
               any Associated Contractor or any Affiliate of the Manufacturer or
               any Associated Contractor, which will be responsible on behalf of
               the Seller for providing to the Buyer all or any of the services
               described in this Agreement, provided that the Buyer's rights and
               obligations under this Agreement will not be materially adversely
               affected.

20.4           TRANSFER OF RIGHTS AND OBLIGATIONS UPON REORGANIZATION

               If at any time until the date upon which all the obligations and
               liabilities of the Seller under this Agreement have been
               discharged, the legal structure, the

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              88
<Page>

               membership or the business of the Seller is reorganized or the
               legal form of the Seller is changed and, as a consequence
               thereof, the Seller wishes the Buyer to accept the substitution
               of the Seller by another entity within the restructured Airbus
               group (or the Seller in its new legal form) ("Newco"), as
               contemplated below, the Seller will promptly notify the Buyer of
               its wish.

               In such event, the Seller may request the Buyer to enter into a
               novation agreement and/or other agreement having the same effect
               whereby the Seller's rights and obligations under this Agreement
               are novated or transferred in favor of Newco. Upon receipt of
               such request, the Buyer will enter into a novation agreement
               and/or other appropriate agreement, provided that Newco is in a
               financial condition at least equal to that of the Seller
               immediately before such reorganization and that the Buyer's
               rights and obligations under this Agreement are not adversely
               affected by such novation and/or other agreement.

               Until any such novation agreement/other appropriate documentation
               has come into effect, this Agreement will remain in full force
               and effect and each party will act diligently and in good faith
               to implement the novation agreement and/or other appropriate
               documentation as soon as practicable after Newco has come into
               existence.

20.5           ASSIGNMENTS FOR FINANCING PURPOSES

               At or following Delivery, the Buyer will be entitled to assign
               its rights and obligations under Clauses 12, 13 and 17 hereof to
               any provider of financing with respect to one (1) or more
               Aircraft, to the extent that such Clauses apply to the Aircraft
               that are being financed, as security for the Buyer's obligations
               with respect to such financing, provided that such assignment
               does not, in the Seller's reasonable judgment, adversely affect
               the Seller's rights hereunder.

20.6           POST-DELIVERY SALE OR LEASE

               The Seller agrees that, upon the post-Delivery sale or lease of
               an Aircraft (including a sale or lease for financing purposes),
               all of the Buyer's rights and obligations remaining at the time
               of such sale or lease under Clauses 12, 13, and 17 of this
               Agreement and this Sub-clause 20.6, with respect to the affected
               Aircraft, will inure to the benefit of the transferee upon
               delivery to the Seller of notice of such sale or lease and
               written agreement by the transferee, in form and substance
               satisfactory to the Seller, to be bound by the terms thereof.

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21             TERMINATION EVENTS

21.1           TERMINATION EVENTS

21.1.1         Each of the following will constitute a "Termination Event" under
               this Agreement and immediately upon the occurrence of a
               Termination Event, the Buyer will notify the Seller of such
               occurrence in writing and by courier or telefax, provided,
               however, that any failure by the Buyer to notify the Seller will
               not prejudice the Seller's rights hereunder:

               (1)  The Buyer commences any case, proceeding or other action
                    relating to bankruptcy, insolvency, reorganization, relief
                    from debtors, winding-up, liquidation or dissolution, and
                    such case, proceeding or other action remains unstayed,
                    undismissed or undischarged for sixty (60) days.

               (2)  An action is commenced seeking the appointment of a
                    receiver, trustee, custodian or other similar official for
                    the Buyer for all, or substantially all, of its assets, and
                    such action remains unstayed, undismissed or undischarged
                    for sixty (60) days, or the Buyer makes a general assignment
                    for the benefit of its creditors.

               (3)  An action is commenced against the Buyer seeking issuance of
                    a warrant of attachment, execution, distraint or similar
                    process against all, or any substantial part of, its assets,
                    and such action remains unstayed, undismissed or
                    undischarged for sixty (60) days.

               (4)  Any event occurs with respect to the Buyer in any
                    jurisdiction to which it is subject which has an effect
                    equivalent to any of the events mentioned in Sub-clauses
                    21.1.1 (1), (2) or (3).

               (5)  The Buyer fails to make (i) any material payment (i.e., in
                    excess of [ * ]) required to be made pursuant to this
                    Agreement or any other agreement between the Buyer, or any
                    of its Affiliates, and the Seller, or any of its Affiliates,
                    after giving effect to the appropriate grace period or, in
                    the event no grace period is specified, after giving effect
                    to a grace period of five (5) days after receipt of the
                    Seller's written notice to that effect.

               (6)  The Buyer fails to make any Predelivery Payment required
                    under the terms of this Agreement within fifteen (15) days
                    of receipt of the Seller's written notice to that effect.

               (7)  The Buyer repudiates this Agreement.

               (8)  The Buyer [ * ] rejects Delivery of an Aircraft as provided
                    in Sub-clause 9.2 of this Agreement.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                              90
<Page>

21.1.2         In the event of any Termination Event, the Seller will, at its
               sole option, have the right to resort to any remedy under
               applicable law, including, without limitation, the right by
               written notice to the Buyer, effective immediately, to
               (i) terminate this Agreement or any other agreement between the
               Buyer and the Seller with respect to any or all Aircraft,
               equipment, services, data and other items undelivered or
               unfurnished on the effective date of such termination, insofar as
               any other such agreement relates to the Aircraft, provided,
               however, that the Buyer's ability to operate delivered Aircraft
               is not prevented; and (ii) retain, as part of the liquidated
               damages for breach and not as a penalty, an amount equal to all
               Predelivery Payments previously received by the Seller from the
               Buyer under this Agreement.

               The Seller will have the right to elect one (1) or more of the
               foregoing remedies, and exercise of any one (1) or more of such
               remedies will not be deemed a waiver of any other remedy or
               remedies provided herein or under applicable law.

21.2           Notwithstanding the foregoing provisions, the parties agree that
               in addition to the rights and remedies herein provided, the
               Seller and the Buyer will have those rights and remedies of the
               Uniform Commercial Code, including, but not limited to, the right
               to suspend performance and/or terminate this Agreement in
               circumstances contemplated by Articles 2-609 and 2-610 of the
               Uniform Commercial Code.

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22             MISCELLANEOUS PROVISIONS

22.1           DATA RETRIEVAL

               On the Seller's reasonable request, the Buyer will provide the
               Seller with all the necessary data, as customarily compiled by
               the Buyer and pertaining to the operation of the Aircraft, to
               assist the Seller in making an efficient and coordinated survey
               of all reliability, maintenance, operational and cost data with a
               view to improving the safety and availability and reducing the
               operational costs of the Aircraft.

22.2           NOTICES

               All notices and requests required or authorized hereunder will be
               given in writing either by personal delivery to a responsible
               officer of the party to whom the same is given or by commercial
               courier, certified air mail (return receipt requested) or
               facsimile at the addresses and numbers set forth below. The date
               on which any such notice or request is so personally delivered,
               or if such notice or request is given by commercial courier,
               certified air mail or facsimile, the date on which sent, will be
               deemed to be the effective date of such notice or request.

               The Seller will be addressed at:

               2, rond-point Maurice Bellonte
               31700 BLAGNAC FRANCE
               Attention: Director - Contracts

               Telephone: 33 05 61 30 40 12
               Telefax:   33 05 61 30 40 11

               The Buyer will be addressed at:

               Federal Express Corporation
               3610 Hacks Cross Road
               Bldg. A, 2nd Floor
               Memphis, TN 38125
               USA

               Attention: Vice President, Fleet Development and Acquisitions

               Telephone: (901) 434-7913
               Telefax:   (901) 434-7873

               With a copy to:

                                                                              92
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               Federal Express Corporation
               Legal Department
               3610 Hacks Cross Road
               Bldg. B, 3rd Floor
               Memphis, TN 38125
               USA

               Attention: Managing Director, Business Transactions Group
               Telephone: (901) 434-8440
               Telefax:   (901) 434-7831

               From time to time, the party receiving the notice or request may
               designate another address or another person.

22.3           WAIVER

               The failure of either party to enforce, at any time, any of the
               provisions of this Agreement, to exercise any right herein
               provided or to require, at any time, performance by the other
               party of any of the provisions hereof will in no way be construed
               to be a present or future waiver of such provisions nor in any
               way to affect the validity of this Agreement or any part hereof
               or the right of the other party thereafter to enforce each and
               every such provision. The express waiver by either party of any
               provision, condition or requirement of this Agreement will not
               constitute a waiver of any future obligation to comply with such
               provision, condition or requirement.

22.4           INTERPRETATION AND LAW

               THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED, AND THE
               PERFORMANCE THEREOF WILL BE DETERMINED, IN ACCORDANCE WITH THE
               LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS
               CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION
               OF THE LAW OF ANY OTHER JURISDICTION.

               Each of the Seller and the Buyer (i) hereby irrevocably submits
               itself to the non-exclusive jurisdiction of the courts of the
               state of New York, New York County, of the United States District
               Court for the Southern District of New York, for the purposes of
               any suit, action or other proceeding arising out of this
               Agreement, the subject matter hereof or any of the transactions
               contemplated hereby brought by any party or parties hereto, and
               (ii) hereby waives, and agrees not to assert, by way of motion,
               as a defense or otherwise, in any such suit, action or
               proceeding, to the extent permitted by applicable law, any
               defense based on sovereign or other immunity or that the suit,
               action or proceeding, which is referred to in Sub-clause 22.4 (i)
               above, is brought in an inconvenient forum, that the venue of
               such suit, action or proceeding is improper or that this
               Agreement or the subject matter

                                                                              93
<Page>

               hereof or any of the transactions contemplated hereby may not be
               enforced in or by these courts.

               THE PARTIES HEREBY ALSO AGREE THAT THE UNITED NATIONS CONVENTION
               ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS WILL NOT APPLY
               TO THIS TRANSACTION.

22.5           WAIVER OF JURY TRIAL

               EACH OF THE PARTIES HERETO WAIVES ITS RIGHT TO TRIAL BY JURY IN
               ANY LITIGATION ARISING OUT OF, OR RELATING TO, THIS AGREEMENT AND
               FOR ANY COUNTERCLAIM OR CROSS-CLAIM THEREIN.

22.6           NO REPRESENTATIONS OUTSIDE OF THIS AGREEMENT

               The parties declare that, prior to the execution of this
               Agreement, they, with the advice of their respective counsel,
               apprised themselves of sufficient relevant data in order that
               they might intelligently exercise their own judgments in deciding
               whether to execute this Agreement and in deciding on the contents
               of this Agreement. Each party further declares that its decision
               to execute this Agreement is not predicated on, or influenced by,
               any declarations or representations by any other person, party or
               any predecessors in interest, successors, assigns, officers,
               directors, employees, agents or attorneys of any said person or
               party, except as set forth in this Agreement. This Agreement
               resulted from negotiation involving counsel for all of the
               parties hereto, and no term herein will be construed or
               interpreted against any party under the CONTRA PROFERENTUM or any
               related doctrine.

22.7           CONFIDENTIALITY

               Subject to any legal or governmental requirements of disclosure,
               the parties (which for this purpose will include their employees,
               agents and advisors) will maintain the terms and conditions of
               this Agreement, and any reports or other data furnished
               hereunder, strictly confidential. Without limiting the generality
               of the foregoing, the Buyer will use its best efforts to limit
               the disclosure of the contents of this Agreement to the extent
               legally permissible in any filing required to be made by the
               Buyer with any governmental agency and will make such
               applications as will be necessary to implement the foregoing.
               With respect to any public disclosure or filing, the Buyer agrees
               to submit to the Seller a copy of the proposed document to be
               filed or disclosed and will give the Seller a reasonable period
               of time in which to review said document. The Buyer and the
               Seller will consult with each other and obtain the other's
               written approval (not to be unreasonably withheld) prior to the
               making of any public disclosure or filing, permitted hereunder,
               of this Agreement or the terms and conditions thereof. The Buyer
               will make the final determination of the necessity of compliance
               by it with laws regarding public filings. The provisions of this
               Sub-clause 22.7 will survive

                                                                              94
<Page>

               any termination of this Agreement. Notwithstanding the foregoing,
               in order to support the Buyer's effort to obtain Predelivery
               Payment financing, the Seller agrees to allow the Buyer to
               disclose to financial institutions information necessary to
               obtain such financing. The Buyer and the Seller will agree on the
               extent of the information disclosed to such financial
               institutions prior to such disclosure. The Buyer will obtain a
               confidentiality undertaking from such financial institutions,
               such undertaking to be reasonably satisfactory to the Seller.

22.8           SEVERABILITY

               In the event that any provision of this Agreement should for any
               reason be held to be without effect, the remainder of this
               Agreement will remain in full force and effect. To the extent
               permitted by applicable law, each party hereto hereby waives any
               provision of law which renders any provision of this Agreement
               prohibited or unenforceable in any respect.

22.9           ALTERATIONS TO CONTRACT

               This Agreement, including its Exhibits, Appendixes and Letter
               Agreements, contains the entire agreement between the parties
               with respect to the subject matter hereof and thereof and
               supersedes any previous understanding, commitments or
               representations whatsoever, whether oral or written. This
               Agreement will not be varied except by an instrument in writing,
               of even date herewith or subsequent hereto, executed by both
               parties or by their fully authorized representatives.

22.10          INCONSISTENCIES

               In the event of any inconsistency between the terms of this
               Agreement and the terms contained in either (i) the Specification
               annexed in Exhibit A hereto, (ii) any other Exhibit hereto, or
               (iii) the Letter Agreements, in each such case the terms of such
               Specification, other Exhibit or Letter Agreement will prevail
               over the terms of this Agreement. For the purpose of this
               Sub-clause 22.10, the term Agreement will not include the
               Specification, any other Exhibit hereto or any Letter Agreement
               hereto.

22.11          LANGUAGE

               All correspondence, documents and any other written matters in
               connection with this Agreement will be in English.

22.12          HEADINGS

               All headings in this Agreement are for convenience of reference
               only and do not constitute a part of this Agreement.

                                                                              95
<Page>

22.13          COUNTERPARTS

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

                                                                              96
<Page>

23             CERTAIN REPRESENTATIONS OF THE PARTIES

23.1.          THE BUYER'S REPRESENTATIONS

               The Buyer represents and warrants to the Seller that:

               (i)       the Buyer is a corporation organized and existing in
                         good standing under the laws of the State of Delaware
                         and has the corporate power and authority to enter into
                         and perform its obligations under this Agreement;

               (ii)      neither the execution and delivery by the Buyer of this
                         Agreement, nor the consummation of any of the
                         transactions by the Buyer contemplated thereby, nor the
                         performance by the Buyer of the obligations thereunder,
                         constitutes a breach of any agreement to which the
                         Buyer is a party or by which its assets are bound; and

               (iii)     this Agreement has been duly authorized, executed and
                         delivered by the Buyer and constitutes the legal, valid
                         and binding obligation of the Buyer enforceable against
                         the Buyer in accordance with its terms.

23.2           THE SELLER'S REPRESENTATIONS

               The Seller represents and warrants to the Buyer that:

               (i)       the Seller is a SOCIETE A RESPONSABILITE LIMITEE
                         organized and existing in good standing under the laws
                         of the Republic of France and has the corporate power
                         and authority to enter into and perform its obligations
                         under this Agreement;

               (ii)      neither the execution and delivery by the Seller of
                         this Agreement, nor the consummation of any of the
                         transactions by the Seller contemplated thereby, nor
                         the performance by the Seller of the obligations
                         thereunder, constitutes a breach of any agreement to
                         which the Seller is a party or by which its assets are
                         bound; and

               (iii)     this Agreement has been duly authorized, executed and
                         delivered by the Seller and constitutes the legal,
                         valid and binding obligation of the Seller enforceable
                         against the Seller in accordance with its terms.

                                                                              97
<Page>

IN WITNESS WHEREOF, these presents were entered into as of the day and year
first above written.

                                    AVSA, S.A.R.L.

                                    By: /s/ MARIE-PIERRE MERLE BERAL
                                        ----------------------------------------
                                            Marie-Pierre Merle-Beral

                                    Title: Chief Executive Officer

                                    FEDERAL EXPRESS CORPORATION

                                    By: /s/ JAMES R. PARKER
                                        ----------------------------------------
                                             James R. Parker

                                    Title: Vice President

                                                                              98
<Page>

                                    EXHIBITS

                                                                              99
<Page>

                                                                       EXHIBIT A

The A380-800F Standard Specification is contained in a separate folder.

                                                                             100
<Page>

                                                          EXHIBIT A - APPENDIX 1

                       SPECIFICATION CHANGE NOTICES (SCNS)

                                  [161 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                             101
<Page>

                                                          EXHIBIT A - APPENDIX 2

                          CUSTOMIZATION MILESTONE CHART

                                   [2 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                             102
<Page>

                                    EXHIBIT B

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                             103
<Page>

                                                                       EXHIBIT C

                           SELLER SERVICE LIFE POLICY

1.             The Items of primary and auxiliary structure described hereunder
               are covered by the Service Life Policy described in Sub-clause
               12.2 of the Agreement.

2.             WINGS - CENTER AND OUTER WING BOX

2.1            SPARS

2.2            RIBS INSIDE THE WING BOX

2.3            UPPER AND LOWER PANELS OF THE WING BOX

2.4            FITTINGS

2.4.1          Attachment fittings for the flap structure

2.4.2          Attachment fittings for the engine pylons

2.4.3          Attachment fittings for the main landing gear

2.4.4          Attachment fittings for the center wing box

2.5            AUXILIARY SUPPORT STRUCTURE

2.5.1          FOR THE SLATS:

2.5.1.1        Ribs supporting the track rollers on wing-box structure

2.5.1.2        Ribs supporting the actuators on wing-box structure

2.5.2          FOR THE AILERONS:

2.5.2.1        Hinge brackets and ribs on wing-box rear spar or shroud box

2.5.2.2        Actuator fittings on wing-box rear spar or shroud box

2.5.3          FOR AIRBRAKES, SPOILERS, LIFT DUMPERS:

                                                                             104
<Page>

                                                                       EXHIBIT C

2.5.3.1        Hinge brackets and ribs on wing-box rear spar or shroud box

2.5.3.2        Actuator fittings on wing-box rear spar or shroud box

3.             FUSELAGE

3.1            FUSELAGE STRUCTURE

3.1.1          Fore and aft bulkheads

3.1.2          Pressurized floors and bulkheads surrounding the main- and
               nose-gear wheel well and center wing box

3.1.3          Skins with doublers, stringers and frames from the forward
               pressure bulkheads to the frame supporting the rear attachment of
               the horizontal tail plane

3.1.4          Window and windscreen attachment structure, but excluding
               transparencies

3.1.5          Passenger- and cargo-doors internal structure

3.1.6          Sills, excluding scuff plates and upper beams surrounding
               passenger- and cargo-door apertures

3.1.7          Cockpit floor structure and passenger cabin floor beams,
               excluding floor panels and seat rails

3.1.8          Keel beam structure

3.2            FITTINGS

3.2.1          Landing-gear attachment fittings

3.2.2          Support structure and attachment fittings for the vertical and
               horizontal tail planes

4.             TAIL PLANES

4.1            HORIZONTAL TAIL PLANE MAIN STRUCTURAL BOX

4.1.1          Spars

                                                                             105
<Page>

                                                                       EXHIBIT C

4.1.2          Ribs

4.1.3          Upper and lower skins and stringers

4.1.4          Attachment fittings to the fuselage and trim-screw actuator

4.1.5          Elevator support structure

4.1.5.1        Hinge bracket

4.1.5.2        Servocontrol attachment brackets

4.2            VERTICAL TAIL PLANE MAIN STRUCTURAL BOX

4.2.1          Spars

4.2.2          Ribs

4.2.3          Skins and stringers

4.2.4          Attachment fittings to the fuselage

4.2.5          Rudder support structure

4.2.5.1        Hinge brackets

4.2.5.2        Servocontrol attachment brackets

5.             Bearing and roller assemblies, bearing surfaces, bushings, bolts,
               rivets, access and inspection doors, including manhole doors,
               latching mechanisms, all system components, commercial interior
               parts, insulation and related installation and connecting devices
               are excluded from this Seller Service Life Policy.

                                                                             106
<Page>

                                                           EXHIBIT D (GE-P&W EA)

                            CERTIFICATE OF ACCEPTANCE

In accordance with the terms of that certain Airbus A380-800F Purchase Agreement
dated as of July 12, 2002, between Federal Express Corporation ("FedEx") and
AVSA, S.A.R.L. ("AVSA") (the "Purchase Agreement"), the acceptance tests
relating to the Airbus A380-800F aircraft, Manufacturer's Serial Number: _____,
U.S. Registration Number: ______ with four (4) GE-P&W Engine Alliance GP 7277
series propulsion systems installed thereon, Serial Numbers ______ (Position
#1), _______ (Position #2), _______ (Position #3) and _______ (Position #4) (the
"A380-800F Aircraft"), have taken place at _______________ on the ____ day of
_____________, ____.

 In view of said tests having been carried out with satisfactory results, FedEx
     hereby approves the A380-800F Aircraft as being in conformity with the
                     provisions of the Purchase Agreement.

Said acceptance does not impair the rights of FedEx that may be derived from the
 warranties and guarantees relating to the A380-800F Aircraft set forth in the
                              Purchase Agreement.

FedEx specifically recognizes that it has waived any right it may have, at law
or otherwise, to revoke this acceptance of the A380-800F Aircraft.

                               RECEIPT AND ACCEPTANCE OF THE ABOVE-DESCRIBED
                                    A380-800F AIRCRAFT ACKNOWLEDGED

                                    FEDERAL EXPRESS CORPORATION

                                    By:
                                        -----------------------------

                                    Its:
                                         ----------------------------

                                                                      Exh. D-107
<Page>

                                                           EXHIBIT D (GE-P&W EA)

                            CERTIFICATE OF ACCEPTANCE

In accordance with the terms of that certain Airbus A380-800F Purchase Agreement
dated as of July 12, 2002, between Federal Express Corporation ("FedEx") and
AVSA, S.A.R.L. ("AVSA") (the "Purchase Agreement"), the acceptance tests
relating to the Airbus A380-800F aircraft, Manufacturer's Serial Number: _____,
U.S. Registration Number: ______ with four (4) Rolls-Royce Trent 977 series
propulsion systems installed thereon, Serial Numbers ______ (Position #1),
_______ (Position #2), _______ (Position #3) and _______ (Position #4) (the
"A380-800F Aircraft"), have taken place at _______________ on the ____ day of
_____________, ____.

 In view of said tests having been carried out with satisfactory results, FedEx
     hereby approves the A380-800F Aircraft as being in conformity with the
                      provisions of the Purchase Agreement.

Said acceptance does not impair the rights of FedEx that may be derived from the
 warranties and guarantees relating to the A380-800F Aircraft set forth in the
                              Purchase Agreement.

FedEx specifically recognizes that it has waived any right it may have, at law
or otherwise, to revoke this acceptance of the A380-800F Aircraft.

                               RECEIPT AND ACCEPTANCE OF THE ABOVE-DESCRIBED
                                    A380-800F AIRCRAFT ACKNOWLEDGED

                                    FEDERAL EXPRESS CORPORATION

                                    By:
                                        -----------------------------

                                    Its:
                                         ----------------------------

<Page>

                                                           EXHIBIT E (GE-P&W EA)

                                  BILL OF SALE

Know all persons by these presents that AVSA, S.A.R.L. ("AVSA"), a SOCIETE A
RESPONSABILITE LIMITEE organized and existing under the laws of the Republic of
France, whose address is 2 rond-point Maurice Bellonte, 31700 Blagnac, FRANCE,
is the owner of the title to the following airframe (the "AIRFRAME"), the
attached engines as specified (the "ENGINES") and all appliances, components,
parts, instruments, accessories, furnishings, modules and other equipment of any
nature, excluding buyer furnished equipment, incorporated therein, installed
thereon or attached thereto on the date hereof (the "PARTS"):

MANUFACTURER OF AIRFRAME:           MANUFACTURER OF ENGINES:

AIRBUS INDUSTRIE G.I.E.             GE-P&W ENGINE ALLIANCE

MODEL:   A380-800F                  MODEL:   GP 7277

MANUFACTURER'S                      SERIAL NUMBERS:
SERIAL NUMBER:      ______          Position #1: ________
                                    Position #2: ________
REGISTRATION NO:    ______          Position #3: ________
                                    Position #4: ________

The Airframe, Engines and Parts are hereafter together referred to as the
aircraft (the "A380-800F AIRCRAFT").

AVSA does this ___ day of ____________, _____ sell, transfer and deliver all of
its above described rights, title and interest to the A380-800F Aircraft to the
following company forever, said A380-800F Aircraft to be the property thereof:

FEDERAL EXPRESS CORPORATION ("FedEx").

AVSA hereby warrants to FedEx that it has on the date hereof good and lawful
right to sell, deliver and transfer title to the A380-800F Aircraft to FedEx and
that there is hereby conveyed to FedEx on the date hereof good, legal and valid
title to the A380-800F Aircraft, free and clear of all liens, claims, charges,
encumbrances and rights of others.

IN WITNESS WHEREOF, the undersigned has caused this instrument to be executed by
its duly authorized representative this ______ day of _____________, ______.

AVSA, S.A.R.L.

By:
    ------------------------------

Title:
       ---------------------------

Signature:
           -----------------------

<Page>

                                                                 EXHIBIT E (R-R)

                                  BILL OF SALE

Know all persons by these presents that AVSA, S.A.R.L. ("AVSA"), a SOCIETE A
RESPONSABILITE LIMITEE organized and existing under the laws of the Republic of
France, whose address is 2 rond-point Maurice Bellonte, 31700 Blagnac, FRANCE,
is the owner of the title to the following airframe (the "AIRFRAME"), the
attached engines as specified (the "ENGINES") and all appliances, components,
parts, instruments, accessories, furnishings, modules and other equipment of any
nature, excluding buyer furnished equipment, incorporated therein, installed
thereon or attached thereto on the date hereof (the "PARTS"):

MANUFACTURER OF AIRFRAME:           MANUFACTURER OF ENGINES:

AIRBUS INDUSTRIE G.I.E.             ROLLS-ROYCE

MODEL:   A380-800F                  MODEL:   TRENT 977

MANUFACTURER'S                      SERIAL NUMBERS:
SERIAL NUMBER:      _______         Position #1: ____________
                                    Position #2: ____________
REGISTRATION NO:    _______         Position #3: ____________
                                    Position #4: ____________
The Airframe, Engines and Parts are hereafter together referred to as the
aircraft (the "A380-800F AIRCRAFT").

AVSA does this ___ day of ___________, ______ sell, transfer and deliver all of
its above described rights, title and interest to the A380-800F Aircraft to the
following company forever, said A380-800F Aircraft to be the property thereof:

FEDERAL EXPRESS CORPORATION ("FedEx").

AVSA hereby warrants to FedEx that it has on the date hereof good and lawful
right to sell, deliver and transfer title to the A380-800F Aircraft to FedEx and
that there is hereby conveyed to FedEx, on the date hereof, good, legal and
valid title to the A380-800F Aircraft, free and clear of all liens, claims,
charges, encumbrances and rights of others.

IN WITNESS WHEREOF, the undersigned has caused this instrument to be executed by
its duly authorized representative this ______ day of _____________, ______.

AVSA, S.A.R.L.

By:
    -----------------------------

Title:
       --------------------------

Signature:
           ----------------------

<Page>

                                                                       EXHIBIT F
                            INTENTIONALLY LEFT BLANK

<Page>

                                                                       EXHIBIT G

                         AIRFRAME PRICE REVISION FORMULA

l.             BASE PRICE

               The Base Price of the Airframe is as quoted in Sub-clause 3.1.2
               of the Agreement.

2.             BASE PERIOD

               [ * ]

               The Base Price is subject to adjustment for changes in economic
               conditions as measured by data obtained from the US Department of
               Labor, Bureau of Labor Statistics, and in accordance with the
               provisions of Paragraphs 4 and 5 of this Exhibit G.

               ECIb and ICb index values indicated in Paragraph 4 of this
               Exhibit G will not be subject to any revision of these indexes.

3.             REFERENCE INDEXES

               [ * ]

               MATERIAL INDEX: Published monthly by the US Department of Labor,
               Bureau of Labor Statistics, in "PPI Detailed Report" (Table 6:
               "Producer prices indexes and percent changes for commodity
               groupings and individual items, not seasonally adjusted"), or
               such other names that may be, from time to time, used for the
               publication title and/or table. The index is found under
               industrial commodities (hereinafter referred to as "IC-Index")
               (Base year of 1982 = 100).

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                                                                       EXHIBIT G

4.             REVISION FORMULA

               [ * ]

               In determining the Revised Base Price at Delivery of the
               Aircraft, each quotient will be calculated to the nearest
               ten-thousandth (4 decimals). If the next succeeding place is five
               (5) or more, the preceding decimal place will be raised to the
               next higher figure. The final factor will be rounded to the
               nearest ten-thousandth (4 decimals). After final computation, Pn
               will be rounded to the next whole number (0.5 or more rounded to
               l).

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                                                                       EXHIBIT G

5.             GENERAL PROVISIONS

5.1            SUBSTITUTION OF INDEXES

               In the event that:

               (i)       the U.S. Department of Labor substantially revises the
                         methodology of calculation of any of the indexes
                         referred to hereabove, or

               (ii)      the U.S. Department of Labor discontinues, either
                         temporarily or permanently, any of the indexes referred
                         to hereabove, or

               (iii)     the data samples used to calculate any of the indexes
                         referred to hereabove are substantially changed,

               the Seller will select a substitute index.

               Such substitute index will reflect as closely as possible the
               actual variations of the wages or of the material costs, as the
               case may be, used in the calculation of the original index.

               As a result of this selection of a substitute index, the Seller
               will make an appropriate adjustment to its price revision
               formula, allowing to combine the successive utilization of the
               original index and of the substitute index.

5.2            FINAL INDEX VALUES

               The Revised Base Price at the date of Aircraft Delivery will be
               final and will not be subject to further adjustments, of any kind
               or for any reason, to the applicable indexes as published at the
               date of Aircraft Delivery.

<Page>

                                                           EXHIBIT H (GE-P&W EA)

                  GE-P&W ENGINE ALLIANCE PRICE REVISION FORMULA

l.             REFERENCE PRICE

               The Reference Price of the four (4) GE-P&W Engine Alliance GP7277
               Propulsion Systems is as quoted in Sub-clause 3.1.3.1 of the
               Agreement.

               This Reference Price is subject to adjustment for changes in
               economic conditions as measured by data obtained from the US
               Department of Labor, Bureau of Labor Statistics, and in
               accordance with the provisions hereof.

2              REFERENCE PERIOD

               The above Reference Price has been established in accordance with
               the economic conditions prevailing in July 2000 (delivery
               conditions January 2001) as defined, according to the ENGINE
               ALLIANCE, by the ECIb and ICb index values indicated in Clause 4
               of this Exhibit H.

3              INDEXES

               [ * ]

               The quarterly value released for a certain month (March, June,
               September and December) shall be the one deemed to apply for the
               two (2) preceding months.

               Reference for access to the publications is located on the BLS
               Internet site: ECU28102i

               Material Index: "Industrial Commodities" (hereinafter referred to
               as "IC") as published in "PPI Detailed report" (found in Table 6;
               "Producer price indexes and percent changes for commodity
               groupings and individual items, not seasonally adjusted," or such
               other names that may be, from time to time, used for the
               publication title and/or table). (Base Year of 1982 = 100).

               Reference for access to the publications is located on the BLS
               Internet site: WPU03thru15

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                                                           EXHIBIT H (GE-P&W EA)

4              REVISION FORMULA

               [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                                                           EXHIBIT H (GE-P&W EA)

5.             GENERAL PROVISIONS

5.1            ROUNDINGS

               Each facto [ * ] shall be calculated to the nearest
               ten-thousandth (4 decimals). If the next succeeding place is five
               (5) or more, the preceding decimal place shall be raised to the
               nearest higher figure.

               After final computation Pn shall be rounded to the nearest whole
               number (0.5 rounds to 1).

5.2            FINAL INDEX VALUES

               The revised Reference Price at the date of Aircraft Delivery
               shall be the final price and shall not be subject to any further
               adjustments in the indexes.

               If no final index values are available for any of the applicable
               month, the then published preliminary figures shall be the basis
               on which the Revised Reference Price shall be computed.

5.3            INTERRUPTION OF INDEX PUBLICATION

               If the US Department of Labor substantially revises the
               methodology of calculation or discontinues any of these indexes
               referred to hereabove, the Seller shall reflect the substitute
               for the revised or discontinued index selected by the Engine
               Alliance, such substitute index to lead in application to the
               same adjustment result, insofar as possible, as would have been
               achieved by continuing the use of the original index as it may
               have fluctuated had it not been revised or discontinued.

               Appropriate revision of the formula shall be made to accomplish
               this result.

5.4            ANNULMENT OF FORMULA

               Should the above escalation provisions become null and void by
               action of the US Government, the price shall be adjusted due to
               increases in the costs of labor and material which have occurred
               from the period represented by the applicable Reference Price
               Indexes to the sixth (6th) month prior to the scheduled Aircraft
               Delivery.

5.5            LIMITATION

               Should the revised Reference Price be lower than the Reference
               Price, the final price shall be computed with the Reference
               Price.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                                                                 EXHIBIT H (R-R)

                    PROPULSION SYSTEMS PRICE REVISION FORMULA

l.             REFERENCE PRICE

               The Reference Price of the Rolls-Royce Trent 977 Propulsion
               Systems is as quoted in Sub-clause 3.1.3.2 of the Agreement.

               This Reference Price is subject to adjustment for changes in
               economic conditions as measured by data obtained from the US
               Department of Labor, Bureau of Labor Statistics, and in
               accordance with the provisions of Paragraphs 4 and 5 of this
               Exhibit H.

2.             REFERENCE PERIOD - REFERENCE COMPOSITE PRICE INDEX

               The above Reference Price has been established in accordance with
               the averaged economic conditions prevailing in December
               1998/January 1999/February 1999 and corresponding to theoretical
               delivery conditions prevailing in January 2000 as defined by ECIb
               and ICb index values indicated in Paragraph 4 of this Exhibit H.

               This Reference Price is subject to adjustment for changes in
               economic conditions as measured by data obtained from the US
               Department of Labor, Bureau of Labor Statistics, and in
               accordance with the provisions of Paragraphs 4 and 5 of this
               Exhibit H.

               ECIb and ICb index values indicated in Paragraph 4 of this
               Exhibit H will not be subject to any revision of these indexes.

3.             REFERENCE INDEXES

               [ * ]

MATERIAL INDEX: Published monthly by the US Department of Labor, Bureau of Labor
Statistics, in "PPI Detailed Report" (Table 6: "Producer prices indexes and
percent changes for commodity groupings and individual items, not seasonally
adjusted"), or such other names that may be, from time to time, used for the
publication title and/or table. The index is found under industrial commodities
(hereinafter referred to as "IC-Index") (Base year of 1982 = 100).

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                                                                 EXHIBIT H (R-R)

4.             REVISION FORMULA

               [ * ]

               In determining the Revised Base Price at delivery of the
               Propulsion Systems, each quotient will be calculated to the
               nearest ten-thousandth (4 decimals). If the next succeeding place
               is five (5) or more, the preceding decimal place will be raised
               to the next higher figure. The final factor will be rounded to
               the nearest ten-thousandth (4 decimals). After final computation,
               Pn will be rounded to the next whole number (0.5 or more rounded
               to l).

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                                                                 EXHIBIT H (R-R)

5.             GENERAL PROVISIONS

5.1            SUBSTITUTION OF INDEXES

               In the event that:

               (i)       the U.S. Department of Labor substantially revises the
                         methodology of calculation of any of the indexes
                         referred to hereabove, or

               (ii)      the U.S. Department of Labor discontinues, either
                         temporarily or permanently, any of the indexes referred
                         to hereabove, or

               (iii)     the data samples used to calculate any of the indexes
                         referred to hereabove are substantially changed,

               the Propulsion Systems manufacturer will select a substitute
               index.

               Such substitute index will reflect, as closely as possible, the
               actual variations of the wages or of the material costs, as the
               case may be, used in the calculation of the original index.

               As a result of this selection of a substitute index, the
               Propulsion Systems manufacturer will make an appropriate
               adjustment to its price revision formula, allowing to combine the
               successive utilization of the original index and of the
               substitute index.

5.2            FINAL INDEX VALUES

               The Revised Base Price at the date of Aircraft Delivery will be
               final and will not be subject to further adjustments, of any kind
               or for any reason, to the applicable indexes as published at the
               date of Aircraft Delivery.

<Page>

                             LETTER AGREEMENT NO. 1

                                                      As of July 12, 2002

FEDERAL EXPRESS CORPORATION
3610 Hacks Cross Road
Memphis, TN 38125

Re: [ * ]

Dear Ladies and Gentlemen:

          FEDERAL EXPRESS CORPORATION (the "Buyer") and AVSA, S.A.R.L. (the
"Seller"), have entered into an Airbus A380-800F Purchase Agreement, dated as of
even date herewith (the "Agreement"), which covers, among other things, the sale
by the Seller and the purchase by the Buyer of certain Aircraft, under the terms
and conditions set forth in said Agreement. The parties hereto have agreed to
set forth in this Letter Agreement No. 1 (the "Letter Agreement") certain
additional terms and conditions regarding the sale of the Aircraft provided for
in the Agreement. Capitalized terms used herein and not otherwise defined in
this Letter Agreement will have the meanings assigned thereto in the Agreement.
The terms "herein," "hereof" and "hereunder" and words of similar import refer
to this Letter Agreement.

          The parties hereto agree that this Letter Agreement will constitute an
integral, non-severable part of said Agreement, that the provisions of said
Agreement are hereby incorporated herein by reference and that this Letter
Agreement will be governed by the provisions of said Agreement, except that if
the Agreement and this Letter Agreement have specific provisions that are
inconsistent, the specific provisions contained in this Letter Agreement will
govern.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA1-1
<Page>

1.             [ * ]

1.1            The Seller will provide to the Buyer, upon Delivery of each
               Aircraft, [ * ]

2.             [ * ]

3.             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA1-2
<Page>

4.             PREDELIVERY PAYMENT TERMS AND COMPUTATION

               Sub-clause 5.2.2 of the Agreement is hereby superseded and
               replaced by the following quoted provisions:

QUOTE

5.2.2          The Buyer will pay Predelivery Payments to the Seller [ * ]

UNQUOTE

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA1-3
<Page>

5.             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA1-4
<Page>

6.             ASSIGNMENT

               Notwithstanding any other provision of this Letter Agreement or
               of the Agreement, (but subject to the provisions of Sub-clause
               20.2 of the Agreement), this Letter Agreement and the rights and
               obligations of the Buyer hereunder 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.

                                                                           LA1-5
<Page>

               If the foregoing correctly sets forth our understanding, please
execute the original and one (1) copy hereof in the space below and return a
copy to the Seller.

                                              Very truly yours,

                                              AVSA, S.A.R.L.

                                              By:  /s/ MARIE-PIERRE MERLE BERAL
                                                   ----------------------------
                                                   Marie-Pierre Merle-Beral

                                              Its: Chief Executive Officer

          Accepted and Agreed

          FEDERAL EXPRESS CORPORATION

          By:  /s/ JAMES R. PARKER
               --------------------------
                    James R. Parker

          Its: Vice President

                                                                           LA1-6
<Page>

                    ATTACHMENT ONE TO LETTER AGREEMENT NO. 1
                      SUMMARY PRICING TABLE (FOR INFO ONLY)

                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA1-7
<Page>

                             LETTER AGREEMENT NO. 2

                                                      As of July 12, 2002

FEDERAL EXPRESS CORPORATION
3610 Hacks Cross Road
Memphis, TN 38125

Re: OPTION AIRCRAFT AND [ * ]

Dear Ladies and Gentlemen:

          FEDERAL EXPRESS CORPORATION (the "Buyer") and AVSA, S.A.R.L. (the
"Seller"), have entered into an Airbus A380-800F Purchase Agreement, dated as of
even date herewith (the "Agreement"), which covers, among other things, the sale
by the Seller and the purchase by the Buyer of certain Aircraft, under the terms
and conditions set forth in said Agreement. The parties hereto have agreed to
set forth in this Letter Agreement No. 2 (the "Letter Agreement") certain
additional terms and conditions regarding the sale of the Aircraft provided for
in the Agreement. Capitalized terms used herein and not otherwise defined in
this Letter Agreement will have the meanings assigned thereto in the Agreement.
The terms "herein," "hereof" and "hereunder" and words of similar import refer
to this Letter Agreement.

The parties hereto agree that this Letter Agreement will constitute an integral,
non-severable part of said Agreement, that the provisions of said Agreement are
hereby incorporated herein by reference and that this Letter Agreement will be
governed by the provisions of said Agreement, except that if the Agreement and
this Letter Agreement have specific provisions that are inconsistent, the
specific provisions contained in this Letter Agreement will govern.

1.             [ * ]

1.1            [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-1
<Page>

1.2            [ * ]

1.2.1          [ * ]

1.2.2          [ * ]

1.3            [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-2
<Page>

1.4            [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-3
<Page>

2.             OPTION AIRCRAFT

2.1            DELIVERY

2.1.1          DELIVERY SCHEDULE

               The Seller will have the Option Aircraft Ready for Delivery as
               set forth in Sub-clause 9.1.1 of the Agreement.

2.1.2          OPTION SCHEDULE [ * ]

               [ * ]

2.2            OPTION EXERCISE

2.2.1          The Buyer may exercise its option to purchase Option Aircraft by
               giving written notice to the Seller no later than [ * ] before
               the scheduled month of Delivery of the applicable Option Aircraft
               (the "Option Lead Time"). The Buyer will [ * ] inform the Seller
               when it gives such notice whether it will exercise all the Option
               Aircraft in a given calendar year. [ * ] The Buyer will also
               inform the Seller, when it gives such notice, of its choice of
               Propulsion Systems for each Option Aircraft exercised.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-4
<Page>

2.2.2          The Buyer and the Seller recognize that it is the Buyer's [ * ],
               and the Seller agrees to work diligently with the Manufacturer,
               taking into account the Manufacturer's commercial and industrial
               constraints, to [ * ]

2.2.3          With respect to Option Aircraft Nos. [ * ] which are scheduled
               for Delivery in [ * ] respectively, the Buyer may, at its sole
               discretion, give written notice to the Seller, prior to the
               Option Lead Time, of its intention [ * ] will have the same terms
               and conditions as the Option Aircraft.

2.2.4          On the Buyer's written request, the Seller will, subject to
               availability, offer the Buyer a Delivery position within the
               timeframe requested by the Buyer for a [ * ] (an "Available
               Delivery Position"). The Buyer will accept the Available Delivery
               Position by [ * ] Working Days of the Seller's advice regarding
               the Available Delivery Position and [ * ]

2.2.5          In respect of each [ * ] for which the Seller has offered the
               Buyer an Available Delivery Position and for which the Buyer
               [ * ], the Buyer and the Seller will have no more rights or
               obligations with respect to the offer of such Available Delivery
               Position in response to the Buyer's current request.

3.             [ * ]

4.             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-5
<Page>

5.             OPTION AIRCRAFT [ * ]

5.1            [ * ]

5.2            Subject to Sub-paragraph 5.1 above, [ * ]

5.3            [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-6
<Page>

5.4            [ * ]

5.5            [ * ]

6.             ASSIGNMENT

               Notwithstanding any other provision of this Letter Agreement or
               of the Agreement, (but subject to the provisions of Sub-clause
               20.2 of the Agreement), this Letter Agreement and the rights and
               obligations of the Buyer hereunder 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.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-7
<Page>

               If the foregoing correctly sets forth our understanding, please
execute the original and one (1) copy hereof in the space below and return a
copy to the Seller.

                                             Very truly yours,

                                             AVSA, S.A.R.L.

                                             By: /s/ MARIE-PIERRE MERLE BERAL
                                                 ----------------------------
                                                   Marie-Pierre Merle-Beral

                                             Its:  Chief Executive Officer

          Accepted and Agreed

          FEDERAL EXPRESS CORPORATION

          By:  /s/ JAMES R. PARKER
               -------------------
               James R. Parker

          Its: Vice President

                                                                           LA2-8
<Page>

                    ATTACHMENT ONE TO LETTER AGREEMENT NO. 2
                  SUMMARY PRICING TABLE (FOR INFORMATION ONLY)

                                   [2 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA2-9
<Page>

                             LETTER AGREEMENT NO. 3

                                                      As of July 12, 2002

FEDERAL EXPRESS CORPORATION
3610 Hacks Cross Road
Memphis, TN 38125

Re: SPECIFICATION

Dear Ladies and Gentlemen:

FEDERAL EXPRESS CORPORATION (the "Buyer") and AVSA, S.A.R.L. (the "Seller"),
have entered into an Airbus A380-800F Purchase Agreement, dated as of even date
herewith (the "Agreement"), which covers, among other things, the sale by the
Seller and the purchase by the Buyer of certain Aircraft, under the terms and
conditions set forth in said Agreement. The parties hereto have agreed to set
forth in this Letter Agreement No. 3 (the "Letter Agreement") certain additional
terms and conditions regarding the sale of the Aircraft provided for in the
Agreement. Capitalized terms used herein and not otherwise defined in this
Letter Agreement will have the meanings assigned thereto in the Agreement. The
terms "herein," "hereof" and "hereunder" and words of similar import refer to
this Letter Agreement.

The parties hereto agree that this Letter Agreement will constitute an integral,
non-severable part of said Agreement, that the provisions of said Agreement are
hereby incorporated herein by reference and that this Letter Agreement will be
governed by the provisions of said Agreement, except that if the Agreement and
this Letter Agreement have specific provisions that are inconsistent, the
specific provisions contained in this Letter Agreement will govern.

1.             [ * ]

1.1.           [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA3-1
<Page>

1.2            SCN DEVELOPMENT

               During the development of the technical solutions for the SCNs,
               the Seller will organize regular bi-lateral specialist meetings
               with the Buyer's Engineering department to make sure that the
               technical solutions meet the Buyer's technical and operational
               requirements.

1.3            SCN WEIGHTS

               The Seller has provided [ * ] The Seller and the Buyer will
               jointly explore any weight-saving alternatives to reduce the
               total of the Allowable Payload Changes without adversely
               affecting the performance or durability of the technical
               solutions.

2.             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA3-2
<Page>

3.             [ * ]

4.             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA3-3
<Page>

5.             [ * ]

6.             [ * ]

7.             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA3-4
<Page>

8.             [ * ]

9.             [ * ]

10.            ASSIGNMENT

               Notwithstanding any other provision of this Letter Agreement or
               of the Agreement (but subject to the provisions of Sub-clause
               20.2 of the Agreement), this Letter Agreement

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA3-5
<Page>

               and the rights and obligations of the Buyer hereunder 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 10 will be
               void and of no force or effect.

                                                                           LA3-6
<Page>

               If the foregoing correctly sets forth our understanding, please
execute the original and one (1) copy hereof in the space below and return a
copy to the Seller.

                                              Very truly yours,

                                              AVSA, S.A.R.L.

                                              By: /s/ MARIE-PIERRE MERLE BERAL
                                                  ----------------------------
                                                    Marie-Pierre Merle-Beral

                                              Its:  Chief Executive Officer

          Accepted and Agreed

          FEDERAL EXPRESS CORPORATION

          By:  /s/ JAMES R. PARKER
               ------------------------
                     James R. Parker

          Its: Vice President

                                                                           LA3-7
<Page>

                                            Appendix 1 to Letter Agreement No. 3

                                  [239 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA3-8
<Page>

                                          Appendix 2-1 to Letter Agreement No. 3

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA3-9
<Page>

                                          Appendix 2-2 to Letter Agreement No. 3

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA3-10
<Page>

                             LETTER AGREEMENT NO. 4

                                                      As of July 12, 2002

FEDERAL EXPRESS CORPORATION
3610 Hacks Cross Road
Memphis, TN 38125

RE: GENERAL [ * ] PRODUCT SUPPORT AGREEMENT

Dear Ladies and Gentlemen:

          FEDERAL EXPRESS CORPORATION (the "Buyer") and AVSA, S.A.R.L. (the
"Seller"), have entered into an Airbus A380-800F Purchase Agreement, dated as of
even date herewith (the "Agreement"), which covers, among other things, the sale
by the Seller and the purchase by the Buyer of certain Aircraft, under the terms
and conditions set forth in said Agreement. The parties hereto have agreed to
set forth in this Letter Agreement No. 4 (the "Letter Agreement" or the
"Conditions") certain additional terms and conditions regarding the sale of the
Aircraft provided for in the Agreement. Capitalized terms used herein and not
otherwise defined in this Letter Agreement will have the meanings assigned
thereto in the Agreement. The terms "herein," "hereof" and "hereunder" and words
of similar import refer to this Letter Agreement.

The parties hereto agree that this Letter Agreement will constitute an integral,
non-severable part of said Agreement, that the provisions of said Agreement are
hereby incorporated herein by reference and that this Letter Agreement will be
governed by the provisions of said Agreement, except that if the Agreement and
this Letter Agreement have specific provisions that are inconsistent, the
specific provisions contained in this Letter Agreement will govern.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA4-1
<Page>

TABLE OF CONTENTS

<Table>
<S>                                                                                                              <C>
1.      DEFINITIONS...............................................................................................6

2.      GENERAL...................................................................................................8

2.1     SCOPE.....................................................................................................8

2.2     SCOPE OF MATERIEL SUPPORT.................................................................................9

2.3     STORES...................................................................................................10

2.4     AGREEMENTS OF THE BUYER..................................................................................11

2.5     EQUIPMENT SUPPLIER PRODUCT SUPPORT.......................................................................11

3.      SPARES SUPPORT...........................................................................................16

3.1     INITIAL PROVISIONING.....................................................................................16

3.2     REPLENISHMENT AND DELIVERY...............................................................................20

3.3     REPAIRS..................................................................................................24

3.4.    PRICE....................................................................................................26

3.5     PAYMENT PROCEDURES AND CONDITIONS........................................................................27

3.7     TITLE....................................................................................................28

3.8     BUY-BACK.................................................................................................28

3.9     INVENTORY USAGE DATA.....................................................................................30

3.10    RE-ORDER FOR UNMODIFIED ITEMS............................................................................30

3.11    OBSOLESCENCE.............................................................................................30

3.12    BAR-CODING...............................................................................................30

4.      TECHNICAL DATA AND DOCUMENTATION.........................................................................31

4.1     GENERAL..................................................................................................31

4.2     SCOPE....................................................................................................31
</Table>

                                                                           LA4-2
<Page>

<Table>
<S>                                                                                                              <C>
4.3     AIRCRAFT IDENTIFICATION FOR TECHNICAL DATA...............................................................32

4.4     SUPPLIER EQUIPMENT.......................................................................................32

4.5     DELIVERY.................................................................................................33

4.6     REVISION SERVICE.........................................................................................34

4.7     SERVICE BULLETINS (SB) INCORPORATION.....................................................................34

4.8     PERFORMANCE ENGINEER'S PROGRAMS..........................................................................34

4.9     AIRBUS ON-LINE SERVICES (AOLS)...........................................................................34

4.10    FUTURE DEVELOPMENTS......................................................................................34

4.11    TECHNICAL DATA FAMILIARIZATION...........................................................................35

4.12    CUSTOMER ORIGINATED CHANGES..............................................................................35

4.13    WARRANTIES...............................................................................................36

4.14    PROPRIETARY RIGHTS.......................................................................................36

4.15    CONFIDENTIALITY..........................................................................................37

5.      TECHNICAL SERVICES.......................................................................................38

5.1.    TECHNICAL ASSISTANCE, LIAISON AND REPORTING..............................................................38

5.2.    CORRECTION OF IN-SERVICE PROBLEMS/[ * ]..................................................................39

5.3     SELLER REPRESENTATIVES AND DUTIES........................................................................39

5.4     TRAINING AND CBT AIDS....................................................................................42

5.5.    [ * ]....................................................................................................42

5.6.    [ * ]....................................................................................................43

5.7.    [ * ]....................................................................................................43

6       WARRANTIES AND GUARANTEES................................................................................44

6.1     SELLER WARRANTY AT AIRCRAFT DELIVERY.....................................................................44

6.2     SELLER WARRANTY FOR SELLER PARTS.........................................................................55

6.3     SUPPLIER WARRANTIES......................................................................................55

6.4     SELLER SERVICE LIFE POLICY...............................................................................56

6.5     [INTENTIONALLY DELETED]..................................................................................59
</Table>

                                                                           LA4-3
<Page>

<Table>
<S>                                                                                                              <C>
6.6     [ * ]....................................................................................................59

6.7.    [ * ]....................................................................................................65

6.8.    [ * ]....................................................................................................68

6.9     LIMITATIONS..............................................................................................68

6.10    EXCLUSIVITY OF WARRANTIES................................................................................68

6.11    DUPLICATE REMEDIES.......................................................................................70

6.12    NEGOTIATED AGREEMENT.....................................................................................72

7       INTERFACE COMMITMENT.....................................................................................73

7.1     INTERFACE PROBLEM........................................................................................73

7.2     SELLER'S RESPONSIBILITY..................................................................................73

7.3     SUPPLIER'S RESPONSIBILITY................................................................................73

7.4     JOINT RESPONSIBILITY.....................................................................................73

7.5     GENERAL..................................................................................................74

8       [ * ]....................................................................................................75

8.1     [ * ]....................................................................................................75

8.2     [ * ]....................................................................................................76

9.      [ * ]....................................................................................................79

9.1.    [ * ]....................................................................................................79

9.2.    [ * ]....................................................................................................79

9.3.    [ * ]....................................................................................................79

10.     SUBCONTRACTING...........................................................................................80

11.     EXCUSABLE DELAYS.........................................................................................81

12.     SELLER PARTS LEASING.....................................................................................82

12.1    GENERAL..................................................................................................82

12.2    LEASING PROCEDURE........................................................................................82

12.3    LEASE PERIOD.............................................................................................82
</Table>

                                                                           LA4-4
<Page>

<Table>
<S>                                                                                                             <C>
12.4    LEASE CHARGES AND TAXES..................................................................................83

12.5    RISK OF LOSS, MAINTENANCE, STORING AND REPAIR OF THE LEASED PART.........................................83

12.6    TITLE....................................................................................................84

12.7    RETURN OF LEASED PART....................................................................................84

12.8    OPTION TO PURCHASE.......................................................................................85

12.9    WARRANTIES...............................................................................................85

13.     TERMINATION..............................................................................................90

14.     ASSIGNMENT...............................................................................................91

EXHIBIT A  - [ * ]...............................................................................................93

EXHIBIT B - [ * ]................................................................................................95

EXHIBIT C - REPORTING TABLES.....................................................................................96

EXHIBIT D - SELLER SERVICE LIFE POLICY...........................................................................96

EXHIBIT E - SELLER PARTS LEASING LIST...........................................................................101

EXHIBIT F - TECHNICAL DATA FOR THE AIRCRAFT.....................................................................102

EXHIBIT F - APPENDIX 1 - LICENSE FOR USE OF THE PERFORMANCE ENGINEER'S PROGRAMS (PEP)...........................105

EXHIBIT F - APPENDIX 2 - AOLS LICENSE...........................................................................108

EXHIBIT F - APPENDIX 3 - DATA RELEASE AGREEMENT (DRA)..............................................................

EXHIBIT G - GCP2000 - ISSUE 5......................................................................................
</Table>

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA4-5
<Page>

1.         DEFINITIONS

           In these Conditions:

           The "Aircraft"        As defined in Clause 0 of the Purchase
                                 Agreement.

           The "Aviation         means all official Authorities having the
           Authority"            ability to approve the design, the manufacture,
                                 the sale and the support, the individual
                                 airworthiness and the continuous airworthiness
                                 of the Aircraft and/or the Item, including but
                                 not limited to:

                                 (1) in FRANCE:
                                 La Direction Generale de l'Aviation Civile
                                 (DGAC)

                                 (2) in the UNITED KINGDOM:
                                 The Civil Aviation Authority (CAA)

                                 (3) in the FEDERAL REPUBLIC OF GERMANY: The
                                 Luftfahrtbundesamt (LBA)

                                 (4) in SPAIN:
                                 The Direccion de Aviacion Civil (DAC)

                                 (5) in the UNITED STATES OF AMERICA: The
                                 Federal Aviation Administration (FAA)

           The "Certificate of   means the Certificate of Airworthiness issued
           Airworthiness"        in respect of the Aircraft by the Aviation
                                 Authority.

           The "Component"       means [ * ]

           The "Item"            means, whatever the quantity and variety [ * ]

           The "Manufacturer"    means

                                 AIRBUS G.I.E.
                                 1 rond point Maurice Bellonte
                                 31700 BLAGNAC - FRANCE
                                 A Groupement d'Interet Economique
                                 established in accordance with the Ordonnance
                                 N DEG. 67-821 of September 23, 1967 and with
                                 the Decret, dated February 2, 1968, of the
                                 French Republic.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA4-6
<Page>

           The "Order"           means the purchase order placed by the Buyer
                                 subject to these Conditions, with the Seller
                                 and amendments thereto.

           The "Program"         means the Aircraft program.

           The "Shipset"         means [ * ]

           The "Spare Parts"     means the parts required for maintenance,
                                 repair, modification or overhaul [ * ]

           The "Supplier"        As defined in Clause 0 of Purchase Agreement.

           The "Support"         means the after-sales product support services
                                 provided by the Seller to the Buyer, as
                                 described in these Conditions.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA4-7
<Page>

2.             GENERAL

2.1            SCOPE

               These Conditions describe the essential Customer Support Services
               provided by the Seller to the Buyer for Aircraft and defines the
               relationship between the Seller and the Buyer at the occasion of
               said services.

2.1.1          World Airline and Suppliers Guide (WASG)

               The Seller agrees to adhere to the terms and conditions of the
               WASG issued and updated by Air Transport Association of America
               (ATA) inasmuch as the terms and conditions contained therein do
               not differ from those contained in these Conditions. These
               Conditions will govern in case of any conflict or discrepancy
               with the WASG.

2.1.2          Organization

               The Seller shall maintain a fully operational customer support
               organization with an adequate number of suitably qualified
               personnel to provide prompt fulfillment of these Conditions
               throughout the entire contractual Support period.

               Within thirty (30) days after the execution of the Agreement, the
               Seller shall provide to the Buyer an organization chart of its
               Customer Support Department so that correspondence can be
               correctly addressed. The names of individuals and dedicated
               contacts responsible for particular functions of Customer Support
               shall also be given. The Seller shall advise the Buyer whom to
               contact for emergency calls (AOG services) after normal working
               hours. Updates shall be provided as changes occur.

2.1.3.         FACILITIES

               Within ninety (90) days after execution of the Agreement, the
               Seller shall provide to the Buyer details of all facilities,
               whether existing or planned, in all countries, including the
               country of the Seller, and whether integrated in the Seller's
               organization or subcontracted as per Condition 10, and shall
               state whether these facilities will cover:

                    a.   technical representation
                    b.   stock and supply of Items (Components and Spare Parts),
                         and
                    c.   repair and overhaul facilities or stations.

               All such facilities shall be identified by an FSCM or CAGE code.

               Updates shall be provided as changes occur.

2.1.4.         Support Period

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<Page>

               As long as a minimum of one (1) Aircraft is in regular operation
               in the Buyer's fleet of aircraft, the Seller will maintain the
               facilities and organization as detailed above to provide to the
               Buyer the Support.

2.1.5.         Language

               Unless otherwise agreed upon between the Seller and the Buyer,
               all correspondence shall be written in the English language.

2.2            Scope of Materiel Support

2.2.l.         Materiel is classified into the following categories (hereinafter
               referred to as "Materiel"):

               (i)       Seller Parts (industrial proprietary components,
                         equipment, accessories or parts of the Manufacturer
                         manufactured to the detailed design of the
                         Manufacturer, or a subcontractor of it, and bearing
                         official part numbers of the Manufacturer or material
                         for which the Seller has exclusive sales rights in the
                         United States);
               (ii)      Supplier Parts classified as Repairable Line
                         Maintenance Parts in accordance with SPEC 2000;
               (iii)     Supplier Parts classified as Expendable Line
                         Maintenance Parts in accordance with SPEC 2000; and
               (iv)      Ground Support Equipment and Specific (To-Type) Tools.

2.2.2          The Seller Parts listed in Exhibit E are available for lease by
               the Seller to the Buyer.

2.2.3          The Support to be provided hereunder by the Seller covers the
               Materiel both for initial provisioning as described in
               Sub-condition 3.1 and for replenishment as described in
               Sub-condition 3.2.

               Repairable Line Maintenance Parts specified in Sub-condition
               2.2.1 (ii) having fewer than [ * ] are considered as new for
               invoicing purposes.

2.2.4          Propulsion Systems are not covered under this Letter Agreement
               and will be subject to direct agreements between the Buyer and
               the relevant Propulsion System Manufacturer. The Seller will use
               its reasonable efforts to assist the Buyer in case of any
               difficulties with the availability of Propulsion Systems and
               associated spare parts.

2.2.5          During a period commencing prior to entry into service of the
               Aircraft and continuing for as long as at least one (1) Aircraft
               is operated in commercial air transport service ("Term"), the
               Seller shall maintain, or have maintained, such stock of Seller
               Parts as defined in Sub-condition 2.3.4 below and will furnish
               interchangeable and/or

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

               replaceable Seller Parts with the appropriate documentation and
               data adequate to meet the Buyer's needs for repairs,
               replacements, retrofits or maintenance of the Aircraft.

               The Seller will use its reasonable efforts to obtain a similar
               service from all Suppliers of parts, which are originally
               installed on the Aircraft and not manufactured by the Seller.

2.3            Stores

2.3.1          Airbus North America Customer Services Spares Center

               The Seller has established and will maintain, or cause to be
               maintained, as long as at least one (1) aircraft of the type of
               the Aircraft are operated by US airlines in commercial air
               transport service (the "US Term"), a US store adjacent to Dulles
               International Airport, Washington, DC, known as the Airbus North
               America Customer Services Spares Center - Washington ("Airbus
               North America Customer Services Spares Center"). The Airbus North
               America Customer Services Spares Center will be operated
               twenty-four (24) hours/day, seven (7) days/week, all year for the
               handling of AOG and critical orders for Seller Parts.

2.3.2.         Material Support Center, Germany

               The Manufacturer has set up and will maintain, or cause to be
               maintained, during the Term, a store of Seller Parts at its
               Materiel Support Center ("MSC") in Hamburg, Germany. MSC will be
               operated twenty-four (24) hours/day, seven (7) days/week, all
               year.

2.3.3          Other Points of Shipment

               The Seller reserves the right to effect deliveries from
               distribution centers other than the Airbus North America Customer
               Services Spares Center or MSC and from any of the production
               facilities of the Associated Contractors.

2.3.4          Stocks and repair stations

               The Seller undertakes to maintain in Europe, in the Far-East and
               in the United States of America, and other locations as a
               function of market needs, repair stations and adequate stocks of
               Items. The repair stations shall be approved by the FAA/JAA or
               other Aviation Authority as necessary.

               This stock of Items shall be established taking into account at
               least the following parameters:

               a)   actual Item reliability,
               b)   outstanding IP deliveries,
               c)   number of Aircraft in the region served by the concerned
                    repair station and/or stockist,
               d)   Components classified as NO GO Items,

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<Page>

               e)   industrial lead-times,
               f)   interchangeability and configuration of the delivered Items;

                    and the following circumstances:

               a)   outstanding Service Bulletins (SB) and modification /
                    retrofit campaigns,
               b)   major checks/overhauls, and
               c)   in-service problems.

2.4            Agreements of the Buyer

2.4.1          The Buyer agrees to purchase from the Seller the required Seller
               Parts, as determined by the Buyer, for the Buyer's own needs
               during the Term, provided that the provisions of this
               Sub-condition 2.4 will not in any way prevent the Buyer from
               resorting to the Seller Parts stocks of other operators operating
               the same aircraft type as the Aircraft or from purchasing Seller
               Parts from said operators or from distributors, provided said
               Seller Parts have been designed and manufactured as specified in
               Sub-condition 2.2.1(i).

2.4.2          The Buyer may manufacture, or have manufactured, for its own use,
               without paying any license fee to the Seller, or may purchase
               from other sources, parts equivalent to Seller Parts:

2.4.2.1        after expiration of the Term, if at such time the Seller Parts
               are out of stock,

2.4.2.2        at any time, to the extent Seller Parts are needed to effect
               aircraft on ground ("AOG") repairs on any Aircraft delivered
               under the Agreement and are not available from the Seller within
               a lead time shorter than, or equal to, the time in which the
               Buyer can procure such Seller Parts, and provided the Buyer will
               not sell such Seller Parts,

2.4.2.3        if the Seller fails to fulfill its obligations with respect to
               any Seller Parts pursuant to Sub-condition 2.2 within a
               reasonable time after written notice thereof from the Buyer,

2.4.2.4        in those instances where a Seller Part is identified as "Local
               Manufacture" in the Illustrated Parts Catalog (IPC),

2.4.2.5        it is demonstrated by the Buyer that the Seller Part price is
               excessive and the Seller refuses to reduce such price to a
               reasonable level.

2.4.3          The rights granted to the Buyer in Sub-condition 2.4.2 will not
               in any way be construed as a license, nor will they in any way
               obligate the Buyer to the payment of any license fee or royalty,
               nor will they in any way be construed to affect the rights of
               third parties.

2.5            Equipment Supplier Product Support

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<Page>

2.5.1          Equipment Supplier Product Support Agreements

2.5.1.1        The Seller has obtained Supplier Product Support Agreements
               transferable to the Buyer from Suppliers of Seller Furnished
               Equipment listed in the Specification and as applicable in the
               IPC.

2.5.l.2        These agreements are based on, or exceed, the requirements of the
               "World Airlines and Suppliers Guide" and include Supplier
               commitments contained in the Supplier Product Support Agreements,
               which include the following:

               (i)       Technical data and manuals required to operate,
                         maintain, service and overhaul the Supplier items will
                         (a) be prepared in accordance with the applicable
                         provisions of ATA Specification 100 and 101 and in
                         accordance with Condition 4 of this Letter Agreement,
                         (b) include revision service, and (c) be published in
                         the English language. The Seller recommends that
                         software data, supplied in the form of an Exhibit to
                         the Component Maintenance Manual, be provided in
                         compliance with ATA Specification 102 up to Level 3 to
                         protect the Suppliers' proprietary interests.

               (ii)      Warranties and guarantees, including Suppliers'
                         standard warranties, and in the case of Suppliers of
                         landing gear, service life policies for selected
                         landing gear structures.

               (iii)     Training to ensure efficient operation, maintenance and
                         overhaul of the Suppliers' items for the Buyer's
                         instructors, shop and line service personnel.

               (iv)      Spares data in compliance with ATA Specification 200 or
                         2000, initial provisioning recommendations, spares and
                         logistics service, including routine and emergency
                         deliveries.

               (v)       Technical service to assist the Buyer with maintenance,
                         overhaul, repair, operation and inspection of Supplier
                         items, as well as required tooling and spares
                         provisioning.

2.5.2          [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-12
<Page>

               [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

2.5.3          Supplier Part Repair Stations

               The Manufacturer has developed with the Suppliers a comprehensive
               network of repair stations in North America for those Supplier
               Parts originating from outside North America.

               As a result, most Supplier Parts are repairable in North America,
               and corresponding repair stations are listed in the AOG and
               Repair Guide, which is issued and regularly updated by the
               Seller.

               The Seller undertakes that the Supplier Parts that have to be
               forwarded for repair outside North America will be sent back to
               the Buyer with proper tagging as required by the FAA.

               The Seller will support the Buyer in cases where the agreed-to
               repair turn time of an approved repair station is not met by
               causing free-of-charge loans or exchanges as specified in the
               relevant Supplier Product Support Agreements to be offered to the
               Buyer.

2.5.4          [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-14
<Page>

               [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

3.             SPARES SUPPORT

3.1            INITIAL PROVISIONING (IP)

3.1.1          INITIAL PROVISIONING PERIOD

               The Initial Provisioning Period is defined as the period up to
               and expiring on the ninetieth (90th) day after Delivery of the
               last Firm Aircraft.

3.1.2          PREPROVISIONING MEETING

3.1.2.1        The Seller will organize a meeting (i) at MSC, (ii) at Airbus
               North America Customer Services or (iii) at a place to be
               mutually agreed upon, to formulate an acceptable schedule and
               working procedure to accomplish the Initial Provisioning of
               Materiel (the "Pre-provisioning Meeting").

3.1.2.2        The date of the meeting will be mutually agreed to allowing a
               minimum preparation time of eight (8) weeks for the Initial
               Provisioning Conference referred to in Sub-condition 3.1.4 below.

3.l.3          Initial Provisioning Training

               Upon the request of the Buyer, the Seller can provide Initial
               Provisioning training for the Buyer's provisioning and purchasing
               personnel. The following areas will be covered:

               (i)       Familiarization of the Buyer with the provisioning
                         documents,

               (ii)      Explanation of the technical function, as well as the
                         necessary technical and commercial Initial Provisioning
                         Data, and

               (iii)     Familiarization with the Seller's purchase order
                         administration system.

3.1.4          Initial Provisioning Conference

               The Seller will organize an Initial Provisioning Conference at
               MSC or Airbus North America Customer Services that will include
               the participation of major Suppliers, as agreed on during the
               Pre-provisioning Meeting (the "Initial Provisioning Conference").

               Such conference will not take place earlier than eight (8) weeks
               after Buyer Definition Freeze.

3.l.5          Seller-Supplied Data

               The Seller will prepare and supply to the Buyer the following
               data:

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<Page>

3.1.5.l        Initial Provisioning Data

               Initial Provisioning data elements, generally in accordance with
               SPEC 2000, Chapter 1, ("Initial Provisioning Data") will be
               supplied by the Seller to the Buyer in a form, format and within
               a time period to be mutually agreed on during the
               Pre-provisioning Meeting.

               For Seller Parts identified as IP recommended parts, the Seller
               will, at no cost to the Buyer, ensure that delivery of such parts
               is made directly from the Seller's stock to the Buyer on request
               by the Buyer.

               Revision service will be provided every ninety (90) days, up to
               the end of the Initial Provisioning Period.

               In any event, the Seller will ensure that Initial Provisioning
               Data is released to the Buyer in time to give the Buyer
               sufficient time, but in no event less than one (l) year, to
               perform any necessary evaluation and allow the on-time delivery
               of any ordered Materiel.

               [ * ]

3.l.5.2        Supplementary Data

               The Seller will provide the Buyer with supplementary data to the
               Initial Provisioning Data, including Local Manufacture Tables
               (X-File) and Ground Support Equipment and Specific (To-Type)
               Tools (W-File), in accordance with SPEC 2000, Chapter 1.

3.l.5.3        Data for Standard Hardware

               The Initial Provisioning Data provided to the Buyer will include
               data for hardware and standard materiel.

3.l.6          Supplier-Supplied Data

3.l.6.1        General

               The Seller will obtain from Suppliers agreements to prepare and
               issue Initial Provisioning Data for the Materiel described in
               Sub-condition 2.2.1 (ii) in English, for components for which the
               Buyer has elected to receive data.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

               Said data (initial issue and revisions) will be transmitted to
               the Buyer through the Suppliers and/or the Seller. The Seller
               will not be responsible for the substance of such data.

               In any event, the Seller will exert its reasonable efforts to
               supply such Data to the Buyer in due time to give the Buyer
               sufficient time to perform any necessary evaluation and allow
               on-time deliveries.

3.1.6.2        Initial Provisioning Data

               Initial Provisioning Data elements for Supplier Parts pursuant to
               Sub-condition 2.2.l(ii), generally in accordance with SPEC 2000,
               Chapter l, will be furnished as mutually agreed to during a
               Pre-provisioning Meeting with revision service assured up to the
               end of the Initial Provisioning Period.

3.l.7          Initial Provisioning Data Compliance

               Initial Provisioning Data generated by the Seller and supplied to
               the Buyer will comply with the latest configuration of the
               Aircraft to which such data relate as known three (3) months
               before the date of issue. Said data will enable the Buyer to
               order Materiel conforming to its Aircraft as required for
               maintenance and overhaul.

               This provision will not cover:

                    -    Buyer modifications not known to the Seller,
                    -    modifications not agreed to by the Seller.

3.1.8          Commercial Offer

3.1.8.1        At the end of the Initial Provisioning Conference, the Seller
               will, at the Buyer's request, submit a commercial offer for all
               Materiel mutually agreed as being Initial Provisioning, based on
               the Seller's and Suppliers' sales prices valid at the time of
               finalization of the Initial Provisioning Conference. This
               commercial offer will be valid for a period to be mutually agreed
               upon, irrespective of any price changes for Seller Parts during
               this period, except for significant errors and/or price
               alterations due to part number changes and/or Supplier price
               changes.

3.1.8.2        During the Initial Provisioning Period, the Seller will supply
               Materiel, as defined in Sub-condition 2.2.l and ordered from the
               Seller, which will be in conformity with the configuration
               standard of the applicable Aircraft and with the Initial
               Provisioning Data transmitted by the Seller. Otherwise, the
               Seller shall immediately replace such Materiel at no cost to the
               Buyer.

3.1.8.3        The Seller will require Suppliers to provide a similar service
               for their items.

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<Page>

3.1.9          Delivery of Initial Provisioning Materiel

3.1.9.1        To support the operation of the Aircraft, the Seller will be
               required to deliver Materiel ordered during the Initial
               Provisioning Period against the Buyer's orders and according to a
               mutually agreed upon schedule. Provided the Buyer's orders have
               been placed within seven (7) months after receipt of the Initial
               Provisioning Data, but within the lead times for Materiel as
               defined in Sub-conditions 2.2.1(i) to (iv) before Delivery of the
               corresponding Aircraft, one hundred percent (100%) of the ordered
               quantity of each item, including line station items, will be
               delivered [ * ], at the Buyer's discretion, before Delivery of
               the first Aircraft. If said one hundred percent (100%) cannot be
               accomplished, in respect of Materiel described in Sub-condition
               2.2.1(i), the Seller will be required to have such items
               available at its facilities, and, in respect of Materiel
               described in Sub-conditions 2.2.1(ii) through (iv), the Seller
               will endeavor to have such items available at the applicable
               Suppliers' facilities for immediate supply in case of an AOG.

3.l.9.2        Unless otherwise agreed to, the Seller shall not quote leadtimes
               longer than [ * ].

3.1.9.3        The Buyer may cancel or modify Initial Provisioning orders placed
               with the Seller, with no cancellation charge, not later than the
               quoted lead time before scheduled delivery of said Materiel.

3.1.9.4        If the Buyer cancels or modifies any orders for Materiel outside
               the time limits defined in Sub-condition 3.1.9.3, the Buyer will
               reimburse the Seller for any direct costs incurred in connection
               therewith and the Seller will have no liability for such
               cancellation or modification.

3.l.9.5        All transportation costs for the return of Materiel under this
               Sub-condition 3.1, including any insurance, customs and duties
               applicable or other related expenditures, will be borne by the
               Seller.

3.l.10         Initial Provisioning Data for Exercised Options

3.1.10.1       All Aircraft for which the Buyer exercises its option will be
               included into the revision of the provisioning data that is
               issued after option exercise if such revision is not scheduled to
               be issued within four (4) weeks from the date of option exercise.
               If the option exercise date does not allow four (4) weeks
               preparation time for the Seller, the concerned Aircraft will be
               included in the subsequent revision as may be mutually agreed.

3.1.10.2       The Seller will, from the date of option exercise until three (3)
               months after Delivery of each Aircraft, submit to the Buyer
               details of particular Seller components being installed on each
               Aircraft, with recommendations regarding order quantity. A list
               of

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-19
<Page>

               such components will be supplied at the time of the provisioning
               data revision, as specified above.

3.1.10.3       The data concerning Materiel will, at the time of each Aircraft
               Delivery, at least cover such Aircraft's technical configuration
               as it existed six (6) months prior to Delivery and will be
               updated to reflect the final status of the concerned Aircraft
               once manufactured. Such update will be included in the data
               revisions issued three (3) months after Delivery of such
               Aircraft. The Seller will reduce this revision cycle if shorter
               cycles become available.

3.2            Replenishment and Delivery

3.2.l          General

               Buyer's purchase orders are administered in accordance with SPEC
               2000, Chapter 3. However, Sub-condition 3.2.2 below does not
               apply to Initial Provisioning Data and Materiel as described in
               Sub-condition 3.1.

3.2.2          Lead times

               In general, lead times are in accordance with the provisions of
               the "World Airlines and Suppliers' Guide" (latest edition).
               Unless otherwise agreed to with the Buyer, the lead times quoted
               in the Seller's price list for delivery to the Buyer (the
               "Guaranteed Lead Times") shall not be more than :

               a)   seven (7) calendar days for shelf stock Items and for Items
                    classified as NO GO, GO IF and components with an MTBUR
                    achieved or guaranteed lower than five thousand (5,000)
                    flight hours and

               b)   forty-five (45) calendar days for standard tooling and
                    rotables/repairable and not qualifying as shelf stock Items,
                    as determined in the WASG.

3.2.2.1        Seller Parts (described in Sub-condition 2.2.1 (i)) listed in the
               Seller's Spare Parts Price List can be dispatched within the lead
               times defined in the Seller's Spare Parts Price List.

               Lead times for Seller Parts, which are not published in the
               Seller's Spare Parts Price List, are quoted on request. In any
               event, the Seller shall comply with the latest industry standards
               to quote non-shelf stock Item lead times. In no event shall the
               time to quote be greater than ten (10) days.

3.2.2.2        Materiel of Sub-conditions 2.2.1 (ii) through 2.2.1 (iv) can be
               dispatched within the Supplier's lead time augmented by the
               Seller's own order and delivery processing time.

                                                                          LA4-20
<Page>

3.2.2.3        Expedite Service

3.2.2.3.1      The Seller operates a twenty-four (24)-hour-a-day, seven
               (7)-day-a-week expedite service to supply relevant Seller Parts
               available in the Seller's stock, workshops and assembly line,
               including long-lead-time Spare Parts, to the international
               airport nearest to the location of such part (the "Expedite
               Service").

3.2.2.3.2      The Expedite Service is operated in accordance with the "World
               Airline and Suppliers Guide." Accordingly, the Seller will notify
               the Buyer of the action taken to effect the Expedite Service as
               follows:

               (i)       four (4) hours after receipt of an AOG order,
               (ii)      twenty-four (24) hours after receipt of a critical
                         order (imminent AOG or work stoppage),
               (iii)     [ * ] Working Days after receipt of an expedite order
                         from the Buyer.

3.2.2.3.3      The Seller will deliver Seller Parts requested on an expedite
               basis against normal orders placed by the Buyer, or on telephone
               or telex requests by the Buyer's representatives. Such telephone
               or telex requests will be confirmed by subsequent Buyer's orders
               for such Seller Parts within a reasonable time.

3.2.3          Delivery Status

               The Seller will report to the Buyer the status of supplies
               against orders on a monthly basis.

3.2.4          Excusable Delay

               Condition 11 of these Conditions applies to the Materiel support.

3.2.5          Shortages, Over-shipments, Non-Conformity in Orders

3.2.5.1        Not later than thirty (30) days after receipt of Materiel
               delivered pursuant to a purchase order, the Buyer will advise the
               Seller:

               (i)       of any alleged shortages or over-shipments with respect
                         to such order, and
               (ii)      of all nonconformities in part number in such order
                         subjected to inspections by the Buyer visibly
                         noticeable at the time of delivery.

               If the Buyer has not advised the Seller of any such alleged
               shortages, over-shipments or non-conformities within the
               above-defined period, the Buyer will be deemed to have accepted
               the deliveries.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-21
<Page>

3.2.5.2        If the Buyer reports over-shipments or non-conformities within
               the period defined in ondition 3.2.5.l, then the Seller will, if
               the Buyer accepts such over-shipment or non-conformities, either
               replace the applicable Materiel or credit the Buyer for the
               returned Materiel. [ * ]

3.2.6          Packaging

               All Materiel will be packaged in accordance with ATA 300
               Specification, Category III for consumable/expendable materiel
               and Category II for rotables. Category I containers will be used
               if requested by the Buyer, and the difference between Category I
               and Category II packaging costs will be paid by the Buyer
               together with payment for the respective Materiel. The original
               packing list is required to have the FSC codes of OEM suppliers
               for each MPN to be delivered in electronic format compatible with
               SPEC 2000.

3.2.7.         Delivery instructions

               With each shipment, the Seller is expected to enclose evidence of
               airworthiness conformity and proof of work as required by
               legislation and by the Order.

3.2.7.l.       Airworthiness Documentation

               All shipments of Items must be accompanied by current
               Airworthiness Export Documentation, such as FAA Form 8130-3 or
               equivalent form such as JAA Form One or Form AAC038, plus
               relevant work and test reports. The Seller shall ensure that all
               such documents are available and updated as needed.

               The documentation to be supplied together with the Items shall
               comprise the following:

               a)   For new Items
                    -    Export Airworthiness Approval Tag (Form 8130-3 or
                         equivalent) for Class II and III parts,
                    -    Certificate of Conformity for standard hardware parts,
                    -    Test report where required by the specification, and
                    -    Release certificate.

               b)   For used Items
                    -    Release certificate (maintenance done under FAR/JAR
                         8130-3/JAA Form One/AAC-038),
                    -    Work report,
                    -    Test report, and
                    -    Sufficient maintenance history data.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-22
<Page>

3.2.7.2.       FAR/TSO or PMA requirements

               -    Items covered by a Technical Standard Order (TSO) must be
                    identified in accordance with FAR 21.607 or equivalent JTSO
                    or other equivalent documents.

               -    Items covered by a Parts Manufacturer Approval (PMA) must be
                    identified in accordance with FAR 45.15.

3.2.7.3.       Export License

               Where an Item is subject to export licensing procedures in the
               country of the Seller, the Seller shall ensure that an export
               license or similar documentation is obtained from its official
               authorities in time to allow delivery of the Item in accordance
               with the Buyer's Order delivery date.

               When such date cannot be met due to lack of export license, the
               Buyer shall have the right to cancel the Order at no liability to
               the Buyer.

               Delivery notes must detail the country of origin.

3.2.7.4        Life- or shelf-life-limited parts

               When the Seller delivers life-limited or shelf-life-limited or
               periodic-check-limited parts, the life limit or the shelf life or
               the periodic check, as well as the manufacture date, shall be
               specified on the release certificate and on the part packaging,
               and such part shall have at least eighty-five percent (85%) shelf
               life left at the time of delivery.

3.2.8.         Return to the Seller

               Should the Buyer find non-visual damage or functional faults
               affecting the delivered Item, or deviations from the Order
               specifications, the Buyer shall be entitled to return the Item to
               the Seller, within thirty (30) calendar days after discovery, at
               the Seller's expense.

3.2.9.         Delay in delivery

               The Seller shall immediately inform the Buyer of any known or
               anticipated delay and shall indicate a new delivery date.

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3.2.10         [ * ]

3.2.11.        Delivery monitoring and reporting

               The Buyer and the Seller will agree on the monitoring of the
               Seller's Items delivery time, in the form of a Buyer Order status
               report.

3.3            Repairs

3.3.1          [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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3.3.2.         Computation

               The SPT shall be computed between physical receipt of the Item at
               the Seller's repair facilities and Airway Bill (AWB) issuance for
               shipment of the repaired Item from the Seller's facilities. This
               computation shall exclude delays not attributable to the Seller
               such as, but not limited to, the Buyer's time to answer the
               repair quotations from the Seller.

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3.3.3.         [ * ]

3.3.4.         [ * ]

3.3.5          SPT Monitoring and Reporting

               The Buyer and the Seller will agree on the monitoring of the
               Seller's SPT in the form of a customer repair order status
               report.

3.4.           PRICE

3.4.1          The Materiel prices will be:

               (i)       [ * ] the Airbus North America Customer Services Spares
                         Center, for deliveries from Airbus North America
                         Customer Services.

               (ii)      [ * ] place specified by the Seller, for deliveries
                         from other Seller or Supplier facilities.

3.4.2          Prices will be the Seller's sales prices in effect on the date of
               receipt of the order (subject to reasonable quantities and
               delivery time) and will be expressed in US dollars.

3.4.3          Prices of Seller Parts will be in accordance with the current
               Seller's Spare Parts Price List. Prices will be firm for each
               calendar year. The Seller will notify the Buyer of the next
               calendar year's pricing three (3) months prior to the next
               calendar

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

               year, if available. [ * ]

3.4.4          Prices of Materiel as defined in Sub-conditions 2.2.1 (ii)
               through 2.2.1 (iv) will be the valid list prices of the Supplier
               augmented by the Seller's handling charge. The percentage of the
               handling charge will vary with the Materiel's value and will be
               determined item by item.

3.4.5          The Seller warrants that, should the Buyer purchase one hundred
               percent (100 %) of the recommended Initial Provisioning package
               of the Materiel as defined in Sub-conditions 2.2.1 (ii) through
               2.2.l (iv) through the Seller, the average handling charge on the
               total package will not exceed [ * ]

               This average handling charge will apply when all orders are
               received by the Seller no later than nine (9) months before first
               Aircraft delivery.

3.5            PAYMENT PROCEDURES AND CONDITIONS

3.5.l          Payment will be made in immediately available funds in US
               dollars. In case of payment in any other free convertible
               currency, the exchange rate valid on the day of actual money
               transfer will be applied for conversion.

3.5.2          Payment will be made by the Buyer to the Seller within thirty
               (30) days from the date of receipt of invoice, such that the
               value date of the credit to the accounts listed below falls
               within this thirty (30)-day period:

               (i)       For wire transfer, in favor of Airbus North America
                         Customer Services:

                         [ * ]

               (ii)      For direct deposit (lockbox), in favor of Airbus North
                         America Customer Services:

               (iii)     Airbus North America Customer Services

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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                    PO Box 8500
                    Lock Box No. 4555
                    Philadelphia, PA 19178-4555
               [ * ]

3.5.3          All payments due the Seller hereunder will be made in full
               without set-off, counterclaim, deduction or withholding of any
               kind. Consequently, the Buyer will ensure that the sums received
               by the Seller under this Letter Agreement will be equal to the
               full amounts expressed to be due to the Seller hereunder, without
               deduction or withholding on account of and free from any and all
               taxes, levies, imposts, dues or charges of whatever nature except
               that if the Buyer is compelled by law to make any such deduction
               or withholding the Buyer will pay such additional amounts as may
               be necessary in order that the net amount received by the Seller
               after such deduction or withholding will equal the amounts which
               would have been received in the absence of such deduction or
               withholding.

3.5.4          If any payment due the Seller for which the invoice has been
               received by the Buyer in a timely manner, and is not the subject
               of a good-faith dispute between the parties, is not received by
               the Seller on the date or dates agreed on between the Buyer and
               the Seller, without prejudice to the Seller's other rights under
               this Letter Agreement or at law, the Seller will be entitled to
               interest for late payment calculated on the amount due from and
               including the due date of payment up to and including the date
               when the payment is received by the Seller at a rate equal to the
               London Interbank Offered Rate (LIBOR) for twelve (12) months
               deposits in US dollars (as published in the Financial Times on
               the due date) [ * ] (part year to be pro-rated).

3.6            Left intentionally blank.

3.7            Title

               Title to any Materiel purchased under this Letter Agreement
               remains with the Seller until full payment of the invoices and
               any interest thereon has been received by the Seller.

               The Buyer will undertake that Materiel, title to which has not
               passed to the Buyer, will be kept free from any debenture or
               mortgage or any similar charge or claim in favor of any third
               party.

3.8            Buy-back

3.8.1          Buy-Back of Obsolete Materiel

               The Seller agrees to buy back unused Seller Parts or Components
               which may become obsolete up to [ * ] years after Delivery of the
               first Aircraft to the Buyer as a result of

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               mandatory modifications required by the Buyer's or the Seller's
               Aviation Authorities, subject to the following:

               (i)       The Seller Parts involved will be those that the Buyer
                         is directed by the Seller to scrap or dispose of and
                         which cannot be reworked or repaired to satisfy the
                         revised standard.
               (ii)      The Seller will credit to the Buyer an amount equal to
                         the purchase price paid by the Buyer for any such
                         obsolete parts, provided that the Seller's liability in
                         this respect does not extend to quantities in excess of
                         the Initial Provisioning recommendation.
               (iii)     The Seller will use its reasonable efforts to obtain
                         for the Buyer the same protection from Suppliers.

3.8.2          Buy-Back of Surplus Materiel

3.8.2.1        The Seller agrees that at any time up to [ * ] years after
               Delivery of the first Aircraft to the Buyer, the Buyer will have
               the right to return to the Seller, at a credit of one hundred
               percent (100 %) of the original purchase price paid by the Buyer,
               unused and undamaged Materiel (unless the damage was not visually
               noticeable at the time of delivery to the Buyer) described in
               Sub-condition 2.2.l (i) and at a credit of one hundred percent
               (100 %) of the original Seller list price, unused and undamaged
               Materiel described in Sub-condition 2.2.1 (ii) originally
               purchased from the Seller under the terms hereof, provided that
               (i) the selected protection level does not exceed ninety-six
               percent (96 %) with a transit time of twenty (20) days, (ii) said
               Materiel was recommended for the Buyer's purchase in the Seller's
               Initial Provisioning recommendations to the Buyer and does not
               exceed the provisioning quantities recommended by the Seller, and
               is not shelf-life-limited, or does not contain any
               shelf-life-limited components with less than [ * ] shelf life
               remaining when returned to the Seller, and (iii) the Materiel is
               returned with the Seller's original documentation (tag,
               certificates).

3.8.2.2        If the Buyer elects to procure Materiel in excess of the Seller's
               recommendation, the Buyer will notify the Seller thereof in
               writing, with due reference to the present Condition. The
               Seller's agreement in writing is necessary before any Materiel in
               excess of the Seller's recommendation will be considered for
               buy-back.

3.8.2.3        It is expressly understood and agreed that the rights granted to
               the Buyer under this Sub-condition 3.8.2 will not apply to
               Materiel which may become surplus to requirements due to
               obsolescence at any time or for any reason other than those set
               forth in Sub-condition 3.8.l above. Further, it is expressly
               understood and agreed that all credits described in this
               Sub-condition 3.8.2 will be provided by the Seller to the Buyer
               exclusively by means of credit notes to be entered into the
               Buyer's spares account with the Seller.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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3.8.3          All transportation costs for the return of obsolete Materiel
               under this Sub-condition 3.8, including any insurance and customs
               duties applicable or other related expenditures, will be borne by
               the Buyer. [ * ]

3.8.4          The Seller's obligation to buy back surplus Materiel is
               conditioned on the Buyer reasonably demonstrating that items
               proposed for buy-back were in excess of the Buyer's requirements
               after the initial purchase of such items.

3.8.5          The Seller will accept, as a reasonable demonstration of such
               excess initial purchase by the Buyer, if the data submitted to
               the Seller in compliance with the provisions of Sub-condition 3.9
               indicate that the items proposed for buy-back are surplus to the
               Buyer's requirements.

3.9            Inventory Usage Data

               The Buyer undertakes to provide periodically to the Seller a
               quantitative list of the parts used for maintenance and overhaul
               of the Aircraft. The range and contents of this list will be
               established according to SPEC 2000, Chapter 5, or as mutually
               agreed between the Seller and the Buyer.

3.10           Re-Order for Unmodified Items

               Notwithstanding that the Item may have been redesigned or
               modified, for as long as the Aircraft is either in manufacture or
               in operation, the Seller undertakes to accept Orders for, and to
               supply to the Buyer, such unmodified or fully interchangeable
               Seller Parts under conditions and at prices which shall not
               exceed those which would have applied should the unmodified Item
               have been in Seller's current supply at the time of the Buyer's
               re-Order.

3.11           [ * ]

3.12           Bar-coding

               The Seller shall comply with Spec2000, Chapter 9 for shipping
               labels, Parts tags and Item permanent identification.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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4.         TECHNICAL DATA AND DOCUMENTATION

4.1        General

               This Condition covers the terms and conditions for the supply of
               technical data and documents (hereinafter "Technical Data") to
               support the Aircraft operation.

               The Technical Data as outlined in this Agreement will be supplied
               at no charge to the Buyer and will be in English, using the
               aeronautical terminology in common use.

               All Technical Data will be provided in digital format using
               industry standards and as developed within the framework of the
               "Customer Focus Groups". The retained standards will be
               communicated to the Buyer no later than three (3) years before
               entry into service of the Aircraft.

               The following data will be available in ATA Spec 2200-compliant
               SGML format, including graphics belonging to SGML documents in
               ATA-compliant CGM format:

               -    Aircraft Maintenance Data,
               -    Illustrated Parts Data,
               -    Trouble-Shooting Data,
               -    Aircraft Wiring Data,
               -    Aircraft Wiring List Data,
               -    Aircraft Schematics Data,
               -    Electrical Standard Practices Data,
               -    Structural Repair Data,
               -    Service Bulletin Data,
               -    Flight Crew Operating Data,
               -    Master Minimum Equipment List Data
               -    Component Maintenance Data (in the form of CMMM and
                    CMMV in accordance with GCP2000).
               -    Abnormal and Emergency Checklist Data,
               -    Component Reliability Data.
               [ * ]

4.2        Scope

               Range, form, type, format, quantity and delivery schedule of Air
               Transport Association (ATA) and non-ATA Technical Data to be
               provided under this Agreement will be pursuant to Exhibit F.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               The Buyer will not be otherwise compensated for any Technical
               Data that is not used or is only used in part.

4.3        Aircraft Identification for Technical Data

4.3.1          For the customized Technical Data, the Buyer agrees to the
               allocation of fleet serial numbers ("Fleet Serial Numbers") in
               the form of a block of numbers selected in the range from 001 to
               999.

4.3.2          The sequence will not be interrupted unless two (2) different
               Propulsion Systems or two (2) different aircraft models are
               selected.

4.3.3          The Buyer will indicate to the Seller the Fleet Serial Number
               allocated to the Aircraft Manufacturer's Serial Number two (2)
               years before the first Aircraft Delivery. The allocation of Fleet
               Serial Numbers to Manufacturer's Serial Numbers will not
               constitute any proprietary, insurable or other interest of the
               Buyer whatsoever in any Aircraft prior to its Delivery.

               The following customized Technical Data will be provided to the
               Buyer:

               -    Aircraft Maintenance Data,
               -    Illustrated Parts Data,
               -    Trouble-Shooting Data,
               -    Aircraft Wiring Data,
               -    Aircraft Schematics Data,
               -    Structural Repair Data,
               -    Weight and Balance Data,
               -    [ * ]

               A Freighter version of the Structural Repair Data will be
               provided.

               Component Maintenance Data, applicable to the Buyer's fleet, will
               be provided in the form of CMMM and CMMV in accordance with
               GCP2000. For component maintenance, Propulsion Systems data will
               be provided by the Propulsion Systems manufacturer, and BFE data
               will be supplied by the Buyer in accordance with Sub-condition
               4.4.2 below.

               [ * ]

4.4        Supplier Equipment

4.4.1          Information relating to Supplier equipment that is installed on
               the Aircraft by the Seller will be introduced into the customized
               Technical Data to the extent necessary

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               for the explanation of the systems concerned [ * ] to the Buyer
               for the Technical Data initial issue.

4.4.2          The Buyer will supply the data related to Buyer Furnished
               Equipment to the Seller at least six (6) months before the
               scheduled delivery of the customized Technical Data. The Buyer
               Furnished Equipment data supplied by the Buyer to the Seller will
               be in English.

4.4.3          The Seller will introduce Buyer Furnished Equipment data, for
               equipment that is installed on the Aircraft by the Seller, into
               the customized Technical Data [ * ] to the Buyer for the
               Technical Data basic issue. The transportation costs related to
               Buyer Furnished Equipment data shipment will be the Buyer's
               responsibility.

4.5        Delivery

4.5.1          Technical Data are generally delivered on-line.

4.5.2.1        If Technical Data are delivered in another format, the Technical
               Data and corresponding revisions to be supplied by the Seller
               will be sent to one address for engineering and one address for
               flight operations, and the Buyer will notify the Seller of such
               addresses.

4.5.2.2        In such case, the shipment will be Free Carrier (FCA) Toulouse,
               France and/or Free Carrier (FCA) Hamburg, Federal Republic of
               Germany

4.5.3          The Seller and the Buyer will agree on a delivery schedule for
               the Technical Data, such schedule being designed to ensure a
               smooth entry into service of the Aircraft. The Buyer agrees to
               provide forty (40) days' notice when requesting a change to the
               delivery schedule.

               [ * ]

4.5.4          It will be the responsibility of the Buyer to coordinate and
               satisfy local Aviation Authorities' needs for Technical Data. The
               Seller will, however, provide, on the Buyer's request, on-line
               access and, [ * ] such Technical Data as may be required from
               time to time, by the FAA or any other Airworthiness Authority, to
               support the operation of the Buyer's Aircraft.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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4.6        Revision Service

               Unless otherwise specifically stated, revision service will be
               provided [ * ] based upon a mutually agreed upon revision cycle,
               but which, in any case, [ * ]

4.7        Service Bulletin (SB) Incorporation

               During the period of revision service, upon the Buyer's request
               for incorporation, Service Bulletin information will be
               incorporated, within the next scheduled revision, provided that
               the intention to incorporate a Service Bulletin is notified by
               the Buyer ninety (90) days prior to this revision. The Seller
               will use best reasonable efforts to achieve a thirty (30)-day
               notification period. The split effectivity for the corresponding
               Service Bulletin will remain in the Technical Data until
               notification from the Buyer that incorporation has been completed
               on all the Aircraft. The above provision is applicable for
               Technical Data relating to maintenance. For operational Technical
               Data, only the pre- or post-Service Bulletin status will be
               shown.

4.8        Performance Engineer's Programs

               The Seller will provide to the Buyer a full Performance
               Engineer's Programs (PEP) package, including Noise Level
               Calculation Program (NLCP), under license conditions defined in
               Appendix 1 to Exhibit F hereto. Revision Service will be provided
               [ * ]

4.9        Airbus On-Line Services (AOLS)

4.9.1          Technical Data are provided on-line under license conditions
               defined in Appendix 2 to Exhibit F hereto.

4.9.2          Access to the Airbus On-Line Services will be granted [ * ] to
               the Buyer allowing the Buyer access to the Basic and all Optional
               services for the Aircraft as soon as such services become
               available.

4.10       Future Developments

               The Seller will continuously monitor technological developments
               and apply them to data production and methods of transmission
               where beneficial and economical. The Buyer and the Seller will
               mutually agree to implement any new development proposed by the
               Seller.

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     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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4.11       Technical Data Familiarization

               Technical Data familiarization training will be provided in
               accordance with Clause 16 of the Agreement.

4.12       Customer Originated Changes

4.12.1         Buyer-originated data documented in the Buyer's own airline
               engineering bulletin may be introduced as Customer-Originated
               Changes (COC) into the following Seller-customized Technical
               Data:

               -    Aircraft Maintenance Data,
               -    Illustrated Parts Data,
               -    Trouble-Shooting Data,
               -    Aircraft Wiring Data,
               -    Aircraft Schematics Data,
               -    Flight Crew Operation Data
               -    Quick-Reference "Handbook" Data.

4.12.2         COC data will be established by the Buyer according to the
               Customer Guide for Customer Originated Changes, as issued by the
               Seller. The Buyer will ensure that any such data is in compliance
               with its local Aviation Authorities' requirements.

               COC data will generally be delivered on-line by the Buyer. It
               will be incorporated by the Seller into all affected customized
               Technical Data unless the Buyer specifies in writing the
               Technical Data of its choice into which the COC data will be
               incorporated.

               COC data will be incorporated into the Technical Data at the next
               revision following receipt of the COC data, when the Seller
               receives the applicable COC data at least [ * ] before the next
               revision [ * ]

4.12.3         The Buyer hereby acknowledges and accepts that the incorporation
               of any COC into the Technical Data issued by the Seller will be
               entirely at the Buyer's risk. Further, the Buyer acknowledges
               full liability for the effects, including all related costs, that
               any COC may have on any subsequent Service Bulletins and/or
               modifications.

4.12.3.1       The Seller will not be required to check any COC data submitted
               for incorporation. Accordingly, the Seller will be under no
               liability whatsoever in respect of either the contents of any
               COC, including any omissions or inaccuracies therein, or the
               effect that the incorporation of such COC may have on the
               Technical Data issued by the Seller.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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4.12.3.2       In the event of the Seller being required under any court order
               or settlement to indemnify any third party for injury, loss or
               damage incurred directly or indirectly as a result of
               incorporation of any COC into the Technical Data issued by the
               Seller, the Buyer agrees to reimburse the Seller for all payments
               or settlements made in respect of such injury, loss or damage
               including any expenses incurred by the Seller in defending such
               claims.

4.12.4         The incorporation of any COC as aforesaid will be performed under
               the conditions specified in the Seller's then current Customer
               Services Catalog.

4.13       Warranties

4.13.1         The Seller warrants that the Technical Data are prepared in
               accordance with the state of art at the date of their conception.
               Should any Technical Data prepared by the Seller contain any
               non-conformity or defect, [ * ] at its option, correct or replace
               such Technical Data. Notwithstanding the above, no warranties of
               any kind are given for the COCs.

               Notwithstanding the provisions of this Sub-condition 4.13.1,
               [ * ]

4.13.2         [ * ]

4.14       Proprietary Rights

4.14.1         All proprietary rights, including, but not limited to, patent,
               design and copyrights, relating to Technical Data, will remain
               with the Seller.

               These proprietary rights will also apply to any translation into
               a language or languages or media that may have been performed, or
               caused to be performed, by the Buyer.

4.14.2         Whenever this Letter Agreement or the Agreement provides for
               manufacturing by the Buyer, the consent given by the Seller will
               not be construed as express or implicit approval, whatsoever,
               either of the Buyer or of the manufactured products. The supply
               of the Technical Data will not be construed as any right other
               than those provided herein for the Buyer to design or manufacture
               any Aircraft or part thereof or spare part.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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4.15       Confidentiality

4.15.1         The Technical Data and their contents are designated as
               confidential. All such Technical Data are supplied to the Buyer
               for the sole use of the Buyer, who undertakes not to disclose the
               contents thereof to any third party without the prior written
               consent of the Seller, save as permitted therein or otherwise
               pursuant to any government or legal requirement imposed upon the
               Buyer.

4.15.2         [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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5.             TECHNICAL SERVICES

5.1.           Technical Assistance, Liaison and Reporting

5.1.1.         [ * ]

5.1.2.         Technical Advisory Assistance

               The Seller shall maintain a service organization capable of
               responding promptly to requests from the Buyer for technical
               advisory assistance on the operation, maintenance, service,
               repair and overhaul of an Item whether under warranty or not.

               Such organization shall include suitably qualified, responsive
               personnel capable of answering immediately a technical query and
               performing on-site assistance as necessary. In particular, this
               organization will include a technical AOG service.

               Shop findings reports shall be dispatched with the returned
               Items.

               The Seller shall also provide to the Buyer a copy of the shop
               findings reports and applicable field service reports, for all
               Items returned to the Seller for repair, replacement or
               correction clearly indicating if the removal was confirmed, not
               confirmed or NFF.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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5.1.3.         Technical Performance Reporting

               If so requested by the Buyer, the Seller shall arrange data
               retrieval on the technical performance/reliability of an Item and
               provide technical statistics on a periodic basis.

5.2.           Correction of In-Service Problems[ * ]

5.2.1.         Corrective Actions

               Should an Item for any reason develop an in-service problem, the
               Seller, in co-operation with the Buyer, shall take fast and
               efficient action to correct the problem, employing necessary
               resources to provide the Buyer with a timely and acceptable
               solution. The Seller shall endeavor to complete corrective
               actions notwithstanding any pending commercial settlement. [ * ]

5.2.2.         [ * ] Programs

               [ * ]

               In the event that an Item modified by the Seller as part of a
               [ * ]

5.3            Seller Representatives and Duties

               The Seller will provide, or cause to be provided [ * ] the
               services described in this Sub-condition 5.3, at the Buyer's main
               base and at other locations to be mutually agreed upon.

5.3.1          Customer Support Director

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               The Seller will assign the services of [ * ]

               The Customer Support Director will act as the focal point within
               the Seller's Customer Support for the Buyer with regard to all
               support issues, including training and technical and materiel
               support. The Customer Support Director will ensure that the
               services provided to the Buyer are developed with the Buyer and
               are adapted to the Buyer's needs. The Buyer and the Seller
               recognize that the Customer Support Director will not be
               dedicated exclusively to the Buyer, but the Seller will ensure
               that the Customer Support Director's other responsibilities are
               such as to allow good and proper and timely support to the Buyer.

               The Customer Support Director will maintain a status report on
               all support issues related to the Aircraft and post it on a web
               page on the Buyer's intranet on a regular basis. The Buyer agrees
               to provide the necessary space, access and instruction to the
               Resident Customer Support Manager to allow this.

5.3.2          Customer Service Representatives

5.3.2.1        The Seller will also provide the services of a team of Seller
               customer service representatives ("Seller Representatives")
               acting in an advisory capacity. [ * ] This team will comprise the
               following persons:

               (i)       A Resident Customer Support Representative at the
                         Buyer's main base starting prior to entry into service
                         of the Aircraft and continuing [ * ]

               (ii)      A mutually agreed-upon number of Seller's
                         Representatives at the Buyer's main base (or at
                         mutually agreed-to outstation locations of the Buyer)
                         [ * ]

               (iii)     Seller Representatives providing on-site technical
                         assistance (available to all aircraft), on a
                         non-exclusive basis, at selected A380 aircraft
                         destinations [ * ]

               The Seller Representatives will provide advice on
               trouble-shooting and will provide general technical support as
               well as support at turn-around to minimize technically induced
               delays. The Seller Representatives will have a prime duty to
               support the Buyer, but on an occasional basis may help other
               operators of Airbus aircraft on the Buyer's bases just as the
               Buyer may obtain assistance from Seller service representatives
               allocated to other operators of Airbus aircraft.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               For up to the [ * ] The Seller Representatives will assist the
               Buyer's maintenance staff in the use and application of the
               Aircraft's On-board Maintenance System (OMS).

               [ * ]

5.3.2.2        The Seller will cause similar services to be provided by the
               representatives of the Propulsion Systems manufacturer and by
               representatives of the Suppliers when necessary and applicable.

5.3.2.3        The Seller will provide to the Buyer an annual written account of
               the consumed months and any remaining balance of months. Such
               account will be deemed approved by the Buyer unless the Seller
               receives written objection from the Buyer within thirty (30) days
               of receipt of such account.

5.3.2.4        Should the Buyer request additional services that exceed the
               amounts set forth in this Sub-condition 5.3.2, the Seller may
               provide additional services subject to the terms and conditions
               agreed to by the Buyer and the Seller at the time of such
               request.

5.3.3          The Buyer's Service

5.3.3.1        From the date of arrival of the first Seller Representative and
               for the duration of the assignment, the Buyer [ * ] suitable
               office space and facilities, including telephone, facsimile and
               computer network connections for the sole use of the Seller
               Representatives in, or conveniently near, the Buyer's maintenance
               facilities. The Buyer will provide, or cause to be provided,
               telecommunications facilities [ * ] to be invoiced on a monthly
               basis.

5.3.3.2        In accordance with the Buyer's internal regulations, the Buyer
               will provide, or cause to be provided [ * ] when said Seller's
               Representatives are assigned away from the locations mentioned
               above in Sub-condition 5.3.2.1 at the Buyer's request, commercial
               transportation between the said locations and the place of
               assignment.

5.3.3.3        The parties will give each other all necessary reasonable
               assistance with general administrative functions specific to
               their respective countries and procurement of the documents
               necessary to live and work there.

5.3.4          Temporary Assignment and Withdrawal of Seller Representatives

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               The Buyer agrees that the Seller will have the right to transfer
               or recall any Seller Representative(s), on a temporary or
               permanent basis, as it sees fit, particularly if, in the Seller's
               opinion, the conditions are dangerous to the Seller
               Representatives' safety or health or prevent the fulfillment of
               any contractual tasks. The Buyer will receive credit for the days
               during which any Seller Representative is absent from the Buyer's
               facility pursuant to this Sub-condition 5.3.

               [ * ]

5.3.5          Representatives' Status

               In providing the above technical service, the Seller's employees,
               including the Seller Representative(s) and the Customer Support
               Director, are deemed to be acting in an advisory capacity only
               and at no time will they be deemed to be acting, either directly
               or indirectly, as the Buyer's employees or agents.

5.4            Training and CBT Aids

               In accordance with Clause 16 of the Purchase Agreement.

5.5.           [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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5.6.           [ * ]

5.7.           [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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6              WARRANTIES AND GUARANTEES

               The Seller represents and warrants that the Manufacturer has
               provided to the Seller the following Seller Warranty at Aircraft
               Delivery, Seller Warranty for Seller Parts, Supplier Warranties,
               Service Life Policy, Maintenance Cost Protection Guarantee,
               Component Reliability Guarantee and Direct Maintenance Cost
               Guarantee, subject to the terms, conditions, limitations and
               restrictions (including, but not limited to, the Exclusivity of
               Warranties and General Limitations of Liability and Duplicate
               Remedies provisions) as hereinafter set out, and that the same
               are in full force and effect and have not been amended. The
               Seller hereby assigns to the Buyer, and the Buyer hereby accepts,
               all of the Seller's rights and obligations as the "Buyer" under
               the said Seller Warranty at Aircraft Delivery, Seller Warranty
               for Seller Parts, Supplier Warranties, Service Life Policy,
               Component Reliability Guarantee and Direct Maintenance Cost
               Guarantee, and the Seller subrogates the Buyer to all such rights
               and obligations in respect of the Aircraft. The Seller hereby
               warrants to the Buyer that (i) it has all requisite authority to
               make the foregoing assignment to and to effect the foregoing
               subrogation in favor of the Buyer, (ii) such assignment and
               subrogation are effective to confer on the Buyer all of the
               foregoing rights and obligations of the Seller, and (iii) the
               Seller will not enter into any amendment of the provisions so
               assigned without the prior written consent of the Buyer.

               It is understood that, in the provisions below between the words
               QUOTE and UNQUOTE, capitalized terms have the meanings assigned
               thereto in this Letter Agreement, except that (i) the term
               "Seller," which means the Manufacturer as between the
               Manufacturer and the Seller, also means the Manufacturer in this
               Agreement, and (ii) the term "Buyer," which means the Seller as
               between the Manufacturer and the Seller, means the Buyer in this
               Letter Agreement.

QUOTE

6.1            SELLER WARRANTY AT AIRCRAFT DELIVERY

6.1.1          Nature of Warranty

               Subject to the limitations and conditions as hereinafter
               provided, and except as provided in Sub-condition 6.1.2, the
               Seller warrants to the Buyer that each Aircraft and each
               Warranted Part will be, at the time of Aircraft Delivery, free
               from defects:

               (i)       in material,

               (ii)      in workmanship, including, without limitation,
                         processes of manufacture,

               (iii)     in design (including, without limitation, selection of
                         materials) having regard to the state of the art at the
                         date of such design, and

                                                                          LA4-44
<Page>

               (iv)      arising from failure to conform to the Specification,
                         except as to those portions of the Specification that
                         are expressly stated in the Specification to be
                         estimates or approximations or design aims.

               For the purposes of this Letter Agreement, the term "Warranted
               Part" will mean any Seller proprietary component, accessory or
               part, which is installed on an Aircraft at Delivery and (a) which
               is manufactured to the detail design specification of the Seller
               or a subcontractor of the Seller (b) which bears a part number of
               the Seller at the time of Delivery, and (c) which is not covered
               by GCP 2000.

               The Seller warrants that, at the time of Delivery of an Aircraft,
               all Warranted Parts will have less than fifty (50) flight hours
               and will never have been rejected by another aircraft operator,
               manufacturer, distributor or maintenance or repair center.

6.1.2          Exceptions

               The warranties set forth in Sub-condition 6.1.1 will not apply to
               Buyer Furnished Equipment, nor to the Propulsion Systems, nor to
               any component, accessory, equipment or part purchased by the
               Buyer that is not a Warranted Part, provided, however, that:

               (i)       any defect in the Seller's workmanship in respect of
                         the installation of such items in the Aircraft,
                         including any failure by the Seller to conform to the
                         installation instructions of the manufacturers of such
                         items that invalidates any applicable warranty from
                         such manufacturers, will constitute a defect in
                         workmanship for the purpose of this Sub-condition 6.1
                         and be covered by the warranty set forth in
                         Sub-condition 6.1.1(ii), and

               (ii)      any defect inherent in the Seller's design of the
                         installation, in view of the state of the art at the
                         date of such design, that impairs the use of such items
                         will constitute a defect in design for the purposes of
                         this Sub-condition 6.1 and be covered by the warranty
                         set forth in Sub-condition 6.1.1 (iii).

6.1.3          Warranty Periods

6.1.3.1        The warranties described in Conditions 6.1.1 and 6.1.2
               hereinabove will be limited to those defects that become apparent
               within [ * ] Delivery of the affected Aircraft (the "Warranty
               Period").

6.1.3.2        [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

6.1.3.3        [ * ]

6.1.3.4        [ * ]

6.1.4          Limitations of Warranty

6.1.4.1        THE BUYER'S REMEDY AND THE SELLER'S OBLIGATION AND LIABILITY
               UNDER SUB-CONDITIONS 6.1.1 AND 6.1.2 HEREINABOVE ARE LIMITED TO,
               AT THE SELLER'S EXPENSE AND OPTION, THE REPAIR, REPLACEMENT OR
               CORRECTION OF ANY DEFECTIVE WARRANTED PART. ALTERNATIVELY, THE
               SELLER MAY, WITH THE BUYER'S APPROVAL, FURNISH A CREDIT TO THE
               BUYER FOR THE FUTURE PURCHASE OF GOODS AND SERVICES (NOT
               INCLUDING AIRCRAFT) EQUAL TO THE PRICE AT WHICH THE BUYER IS THEN
               ENTITLED TO ACQUIRE A REPLACEMENT FOR THE DEFECTIVE WARRANTED
               PART.

6.1.4.2        In the event that the Seller corrects a defect covered by
               Sub-condition 6.1.1 (iii) that becomes apparent within the
               applicable period set forth in Sub-condition 6.1.3 and the Seller
               is obligated to correct such defect, the Seller will also, if so
               requested by the Buyer in writing, [ * ] However, the Seller will
               not be responsible, nor deemed to be in default, on account of
               any delay in Delivery of any Aircraft under the Agreement or
               otherwise, in respect of performance of this Letter Agreement,
               due to the Seller's undertaking to make such correction and,
               rather than accept a delay in Delivery of any such Aircraft, the
               Buyer and the Seller may agree to Deliver such Aircraft with
               subsequent correction of the defect by the Buyer [ * ] or the
               Buyer may elect to accept Delivery and the Seller will offer a
               pre-approved warranty remedy at Delivery.

6.1.4.3        [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

6.l.5          Warranty Claim Requirements

               The Buyer's remedy and the Seller's obligation and liability
               under this Sub-condition 6.l, with respect to each claimed
               defect, are subject to the following conditions precedent:

               (i)       the defect becomes apparent within the Warranty Period,

               (ii)      the Buyer submits to the Seller proof, reasonably
                         satisfactory to the Seller, that the claimed defect is
                         due to a matter covered under the provisions of this
                         Sub-condition 6.1, and that such defect has not
                         resulted from any act or omission of the Buyer,
                         including but not limited to, any failure to operate
                         and maintain the affected Aircraft or part thereof in
                         accordance with the standards set forth in
                         Sub-condition 6.8 or from any act or omission of any
                         third party maintaining or operating the Aircraft,

               (iii)     the Buyer returns, as soon as practicable, the
                         Warranted Part claimed to be defective to the repair
                         facilities designated by the Seller, unless the Buyer
                         elects to repair a defective Warranted Part in
                         accordance with the provisions of Sub-condition 6.1.7,

               (iv)      the Seller receives a "Warranty Claim" complying with
                         the provisions of Sub-condition 6.1.6 below.

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<Page>

6.1.6          Warranty Administration

               The warranties set forth in Sub-condition 6.1 will be
               administered as hereinafter provided:

               (i)       Claim Determination

                         Warranty Claim determination by the Seller will be
                         reasonably based on the claim details, reports from the
                         Seller's regional representative, historical data logs,
                         inspections, tests, findings during repair, defect
                         analysis and other suitable documents and information
                         as appropriate. The Seller will adjudicate each
                         Warranty Claim within thirty (30) days of receipt.

               (ii)      Removal and Transportation Costs

                         [ * ]

               (iii)     Return of an Aircraft

                         In the event that the Buyer desires to return an
                         Aircraft to the Seller for consideration of a Warranty
                         Claim, the Buyer will notify the Seller of its
                         intention to do so and the Seller will, prior to such
                         return, have the right to inspect such Aircraft, and
                         without prejudice to the Seller's rights hereunder, to
                         repair such Aircraft either at the Buyer's facilities
                         or at another place acceptable to the Seller. If the
                         Seller elects to inspect, such inspection team will be
                         dispatched as soon as practically possible, but
                         generally within twenty-four (24) hours after notice
                         from the Buyer. Return of any Aircraft by the Buyer to
                         the Seller, and return of such Aircraft to the Buyer's
                         facilities, will be at the Buyer's expense, unless such
                         return was at the direction, or for the convenience,
                         [ * ]

               (iv)      On-Aircraft Work by the Seller

                         [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

                         The Seller and the Buyer will agree on a schedule and
                         place for the work to be performed.

               (v)       Warranty Claim Substantiation

                         For each claim under this Sub-condition 6.1, the Buyer
                         will give notice (the "Warranty Notification") to the
                         Seller at the earliest practicable time, but in no
                         event later than ninety (90) days after discovering the
                         defect, that contains, as applicable, the data listed
                         below with respect to a part or Aircraft. The Buyer
                         will provide a Warranty Claim within one hundred eighty
                         (180) days after the completion of the required repair
                         or correction of the defect giving rise to such
                         Warranty Claim. The Seller will establish an internet
                         portal to allow electronic filing and tracking of the
                         Buyer's Warranty Notifications and Claims, which shall
                         contain the following:

                         (a)  Description of defect and action taken, if any,

                         (b)  Date of incident and/or of removal,

                         (c)  Description of the defective part,

                         (d)  Part number,

                         (e)  Serial number (if applicable),

                         (f)  Position on Aircraft, according to Catalog
                              Sequence Number (CSN) of the Illustrated Parts
                              Catalog, Component Maintenance Manual or
                              Structural Repair Manual (as such documents are to
                              be defined pursuant to Condition 4 and Exhibit F
                              hereto), if applicable,

                         (g)  Time since last shop visit at the date of defect
                              appearance, if applicable,

                         (h)  Manufacturer's serial number (MSN) of the Aircraft
                              and/or its registration number,

                         (i)  Aircraft total flying hours or calendar times
                              and/or number of landings, as applicable, at the
                              date of defect appearance,

                         (j)  Claim number,

                         (k)  Date of claim, and

                         (l)  Date of Delivery of an Aircraft or delivery of a
                              part to the Buyer.

                         Warranty Claims are to be filed electronically.

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<Page>

               (vi)      Replacements

                         Replacements made pursuant to this Sub-condition 6.l
                         will be made within the lead time defined in the
                         Seller's Spare Parts Price Catalog. Replaced
                         components, equipment, accessories or parts will become
                         the Seller's property.

                         Title to, and risk of loss of, any Aircraft, component,
                         accessory, equipment or part returned by the Buyer to
                         the Seller will at all times remain with the Buyer,
                         except that (i) when the Seller has possession of a
                         returned Aircraft, component, accessory, equipment or
                         part to which the Buyer has title, the Seller will have
                         such responsibility therefor as is chargeable by law to
                         a bailee for hire, but the Seller will not be liable
                         for loss of use, and (ii) title to, and risk of loss
                         of, a returned component, accessory, equipment or part
                         will pass to the Seller on shipment by the Seller to
                         the Buyer of any item furnished by the Seller to the
                         Buyer as a replacement therefor. Upon the Seller's
                         shipment to the Buyer of any replacement component,
                         accessory, equipment or part provided by the Seller
                         pursuant to this Sub-condition 6.1, title to, and risk
                         of loss of, such component, accessory, equipment or
                         part will pass to the Buyer.

                         Notwithstanding the foregoing, the Seller agrees to
                         indemnify the Buyer for loss for any Aircraft,
                         component, accessory, equipment or part in the Seller's
                         possession under provisions of this Sub-condition
                         6.l.6. This indemnification will extend only to the
                         period from time of tender of possession to the Seller
                         until return of possession to the Buyer.

               (vii)     Rejection

                         The Seller will provide reasonable written
                         substantiation in case of rejection of a claim. The
                         Buyer will (a) pay to the Seller reasonable inspection
                         and test charges incurred by the Seller in connection
                         with the investigation and processing of a rejected
                         claim and (b) pay the costs of transportation to the
                         Airbus North America Customer Services Spares Center in
                         Ashburn, VA, insurance and any other costs associated
                         with the sending or return of any Warranted Part or any
                         other item, equipment, component or part for which the
                         Seller rejects the Buyer's Warranty Claim. The Seller
                         will contact the Buyer prior to the shipment or return
                         of such parts and will await and comply with the
                         Buyer's instructions as to choice of transportation
                         carrier before taking any further transportation
                         actions whatsoever. Such Buyer's instructions will be
                         communicated within thirty (30) days. The Seller will
                         reimburse the Buyer for any inspection charges and
                         transportation costs paid by the Buyer, under this
                         Sub-condition 6.1.6(vii) for a rejected part, should
                         such rejected part fail upon its return to service and
                         be subsequently accepted as a valid Warranty Claim.

               (viii)    Inspection

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<Page>

                         The Seller will have the right to inspect the affected
                         Aircraft, and the Buyer will provide the necessary
                         records relating to a Warranty Claim thereto in the
                         event of any Warranty Claim under this Sub-condition
                         6.1.

6.1.7          In-house Warranty

               (i)       Authorization

                         The Buyer is hereby authorized to perform the repair of
                         Warranted Parts, subject to the terms of this
                         Sub-condition 6.1.7 ("In-house Warranty").

               (ii)      Conditions of Authorization

                         The Buyer will be entitled to the benefits under this
                         Sub-condition 6.1.7 for repair of Warranted Parts:

                         (a)  only if adequate facilities and qualified
                              personnel are available to the Buyer,

                         (b)  provided that repairs are to be performed in
                              accordance with the Seller's written instructions
                              as set forth in applicable Technical Data, and

                         (c)  only to the extent specified by the Seller, or, in
                              the absence of the Seller's specifying, to the
                              extent reasonably necessary to correct the defect
                              as defined by the Buyer's engineering
                              specifications, Engineering Order or Engineering
                              Authorization, in accordance with the standards
                              set forth in Sub-condition 6.8.

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<Page>

               (iii)     The Seller's Rights

                         The Seller will have the right to have any Warranted
                         Part, or any part removed therefrom, which is claimed
                         to be defective, returned to the Seller, as set forth
                         in Sub-condition 6.1.6(ii), if, in the judgment of the
                         Seller, the nature of the defect requires technical
                         investigation. [ * ]

                         The Seller will further have the right to have a
                         representative present during the disassembly,
                         inspection and testing of any Warranted Part claimed to
                         be defective, subject to its presence being practical
                         and not unduly delaying the repair.

               (iv)      In-house Warranty Claim Substantiation

                         Claims for In-house Warranty credit will be filed
                         within the time period set forth in, and will contain
                         the same information required in, Warranty Claims under
                         Sub-condition 6.1.6(v) and, in addition, will include:

                         (a)  a report of technical findings with respect to the
                              defect,

                         (b)  for parts required to remedy the defect:

                              -    part numbers,
                              -    serial numbers (if applicable),
                              -    description of the parts,
                              -    quantity of parts,
                              -    unit price of parts,
                              -    related Seller's or third party's invoices
                                   (if applicable),
                              -    total price of parts,

                         (c)  detailed number of labor hours,

                         (d)  In-house Warranty Labor Rate (defined below in
                              Sub-condition 6.1.7(v)(b)), and total claim value.

               (v)       Credit

                         The Buyer's sole remedy, and the Seller's sole
                         obligation and liability, in respect of In-house
                         Warranty claims, will be a credit to the Buyer's
                         account in US dollars. [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               (vi)      Limitation on Credit

                         The Buyer will in no event be credited for repair costs
                         (labor and material) for any Warranted Part to the
                         extent that such costs [ * ] (b) repair costs (labor
                         and material) that would have resulted if repairs had
                         been carried out at the Seller's facilities.

                         [ * ]

               (vii)     Scrapped Material

                         The Buyer may, with the agreement of the Seller's
                         Resident Customer Support Representative, scrap any
                         such defective parts that are beyond economic repair
                         and not required for technical evaluation.

                         Scrapped Warranted Parts will be evidenced by a record
                         of scrapped material certified by an authorized
                         representative of the Buyer, which will be kept in the
                         Buyer's file for at least the duration of the Warranty
                         Period set forth in this Sub-condition 6.l.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               (viii)    DISCLAIMER OF SELLER LIABILITY FOR THE BUYER'S REPAIR

                         THE SELLER WILL NOT BE LIABLE FOR ANY RIGHT, CLAIM OR
                         REMEDY, AND THE BUYER WILL INDEMNIFY THE SELLER AGAINST
                         THE CLAIMS OF ANY THIRD PARTIES FOR LOSSES DUE TO ANY
                         DEFECT, NON-CONFORMANCE OR PROBLEM OF ANY KIND ARISING
                         OUT OF, OR IN CONNECTION WITH, ANY IN-HOUSE REPAIR OF
                         WARRANTED PARTS OR ANY OTHER ACTIONS UNDERTAKEN BY THE
                         BUYER UNDER THIS SUB-CONDITION 6.l.7, INCLUDING, BUT
                         NOT LIMITED TO : LIABILITY IN CONTRACT OR IN TORT;
                         LIABILITY ARISING FROM THE BUYER'S ACTUAL OR IMPUTED
                         NEGLIGENCE, INTENTIONAL TORTS AND/OR STRICT LIABILITY;
                         AND/OR LIABILITY TO ANY THIRD PARTIES. NOTWITHSTANDING
                         THE FOREGOING, THIS INDEMNIFICATION WILL NOT EXTEND TO
                         THOSE REPAIRS THAT ARE PERFORMED IN ACCORDANCE WITH THE
                         MANUFACTURER'S REPAIR INSTRUCTIONS.

6.1.8          Warranty Transferability

               The warranties provided for in this Sub-condition 6.l for any
               Warranted Part will continue to accrue if the Warranted Part
               enters into the possession of another airline as a result of a
               pooling or leasing agreement between such airline and the Buyer,
               in accordance with the terms and subject to the limitations and
               exclusions of the foregoing warranties and to applicable laws or
               regulations.

6.l.9          Warranty for Corrected, Replacement or Repaired Warranted Parts

               Whenever any Warranted Part that contains a defect for which the
               Seller is liable under Sub-condition 6.l has been corrected,
               repaired or replaced pursuant to the terms of this Condition 6,
               the period of the Seller's warranty with respect to such
               corrected, repaired or replacement Warranted Part, whichever may
               be the case, will be the remaining portion of the original
               warranty in respect of such corrected, repaired or replaced
               Warranted Part [ * ]. Furthermore, the repair of a Warranted Part
               will be warranted for [ * ] from delivery to the Buyer of the
               applicable repaired Warranted Part. In the event that a defect is
               attributable to a negligent act or omission by the Buyer, a
               Warranty Claim with respect to such defect will not be allowable,
               notwithstanding any subsequent correction or repair, and will
               immediately terminate the remaining warranties under this
               Sub-condition 6.l in respect of the affected Warranted Part.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

6.2            Seller Warranty for Seller Parts

               Subject to the limitations and conditions as hereinafter
               provided, the Seller warrants to the Buyer that each Seller Part
               as defined above in Condition 2.2.1(i) will, at the time of
               delivery to the Buyer, be suitable for its intended use and be
               free from defects:

               (i)       in material,

               (ii)      in workmanship, including, without limitation,
                         processes of manufacture,

               (iii)     arising from failure to conform to the applicable
                         specification for such part,

               (iv)      such as to hinder, restrict or annul the validity of
                         the Certificate of Airworthiness of the Aircraft on
                         which the Seller Part is fitted.

6.2.2          Warranty Period

6.2.2.1        The warranty period for defects in new Seller Parts is [ * ] to
               the Buyer (the "Seller Parts Warranty Period").

6.2.2.2        The warranty period for used Seller Parts delivered by and/or
               repaired, modified, overhauled or exchanged by the Seller is
               [ * ] of such parts to the Buyer.

6.2.3          The Buyer's Remedy and The Seller's Obligation

               The Buyer's remedy and Seller's obligation and liability under
               this Sub-condition 6.2 are limited to the repair, replacement or
               correction, at the Seller's expense and option, of any defective
               Seller Part.

               The Seller, at its option, may furnish a credit to the Buyer for
               the future purchase of Seller Parts equal to the price at which
               the Buyer is then entitled to acquire a replacement for the
               defective Seller Part.

               The provisions of Sub-conditions 6.1.5, 6.1.6 and 6.1.7 of the
               Agreement will, as applicable, also apply to this Sub-condition
               6.2.

6.3            Supplier Warranties

6.3.1          The Seller's Support

               [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-55
<Page>

6.3.2          The Supplier's Default

6.3.2.l        In the event that any Supplier under any standard warranty or
               indemnity against patent infringement obtained by the Seller
               pursuant to Sub-condition 6.3.1 hereof defaults in the
               performance of any material obligation under such warranty or
               indemnity against patent infringement with respect to a Supplier
               part, and the Buyer submits within a reasonable time to the
               Seller reasonable proof that such default has occurred, then
               Sub-condition 6.1 of this Agreement will apply to the extent it
               would have applied had such Supplier Part been a Warranted Part
               except that the shorter of (i) the Supplier's warranty period
               indicated in the Supplier Product Support Agreements manual, and
               (ii) the Warranty Period indicated in Sub-condition 6.l.3 of this
               Agreement will apply.

6.3.2.2        In the event that any Supplier under any Supplier service life
               policy obtained by the Seller pursuant to Sub-condition 6.3.1
               hereof defaults in the performance of any material obligation
               with respect thereto, and the Buyer submits within reasonable
               time to the Seller reasonable proof that such default has
               occurred, then Sub-condition 6.4 of this Agreement will apply to
               the extent the same would have applied had such component,
               equipment, accessory or part been listed in Exhibit D hereto.

6.3.2.3        At the Seller's request, the Buyer will assign to the Seller, and
               the Seller will be subrogated to, all of the Buyer's rights
               against the relevant Supplier, with respect to and arising by
               reason of such default, and the Buyer will provide reasonable
               assistance to enable the Seller to enforce the rights so
               assigned.

6.4            Seller Service Life Policy

6.4.1          Scope and Definitions

               In addition to the warranties set forth in Sub-condition 6.1
               above, the Seller further agrees that should a Failure occur in
               any SLP Item (as these terms are defined below), then, subject to
               the general conditions and limitations set forth in this
               Sub-condition 6.4.4, the provisions of this Sub-condition 6.4
               will apply.

               For the purposes of this Sub-condition 6.4, the following
               definitions will apply:

               (i)       "SLP Item" means any of the Seller components,
                         equipment, accessories or parts listed in Exhibit D
                         hereto which are installed on an Aircraft at any time
                         during the period of effectiveness of the Service Life
                         Policy as defined below in Sub-condition 6.4.2. During
                         the development period of the Aircraft, the Buyer and
                         Seller will further review and complete this list of
                         SLP Items, as applicable, to address the Aircraft's
                         unique design.

               (ii)      "Failure" means any breakage of, or defect in, an Item
                         that materially impairs the utility or safety of the
                         Item that has occurred, or can reasonably be expected
                         to occur, on a repetitive or fleetwide basis.

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6.4.2          Periods and the Seller's Undertaking

               Subject to the general conditions and limitations set forth in
               Sub-condition 6.4.4 below, the Seller agrees that if a Failure
               occurs in an SLP Item before the Aircraft in which such SLP Item
               is installed has completed [ * ] after the Delivery of the
               applicable Aircraft to the Buyer, whichever occurs first, the
               Seller will, at its own discretion, as promptly as practicable
               and for a price that reflects the Seller's financial
               participation as hereinafter provided, either:

6.4.2.1        [ * ]

6.4.2.2        [ * ]

6.4.2.3        [ * ] to incorporate SLP-related modifications in production
               Aircraft [ * ]

6.4.3          The Seller's Participation in the Cost

               Any part or SLP Item that the Seller is required to furnish to
               the Buyer under this Service Life Policy in connection with the
               correction or replacement of an SLP Item will be furnished to the
               Buyer [ * ]

6.4.4          General Conditions and Limitations

6.4.4.l        Notwithstanding the Seller's cost participation mentioned in
               Sub-condition 6.4.3, during the Warranty Period applicable to an
               SLP Item under Sub-condition 6.1.3 the level of Seller's cost
               participation will be [ * ]

               The Buyer's remedy and the Seller's obligation and liability
               under this Service Life Policy are subject to compliance by the
               Buyer with the following conditions precedent:

               (i)       The Buyer will maintain log books and other historical
                         records with respect to each Item adequate to enable
                         the Seller to determine whether the alleged Failure is
                         covered by this Service Life Policy and, if so, to
                         define the portion of the cost to be borne by the
                         Seller in accordance with Sub-condition 6.4.3 above.

               (ii)      The Buyer will keep the Seller informed of any
                         significant incidents relating to an Aircraft,
                         howsoever occurring or recorded.

               (iii)     The provisions of Sub-condition 6.8 will have been
                         complied with.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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               (iv)      In the case of any breakage or defect, the Buyer will
                         report the same in writing to the Seller within one
                         hundred twenty (120) days after any breakage or defect
                         in an Item becomes apparent, whether or not said
                         breakage or defect can reasonably be expected to occur
                         in any other Aircraft, and the Buyer will inform the
                         Seller in sufficient detail about the breakage or
                         defect to enable the Seller to determine whether said
                         breakage or defect is subject to this Service Life
                         Policy.

6.4.4.3        Except as otherwise provided in this Sub-condition 6.4, any claim
               under this Service Life Policy will be administered as provided
               in, and will be subject to the terms and conditions of,
               Sub-condition 6.l.6.

6.4.4.4        In the event that the Seller has issued a modification applicable
               to an Aircraft, the purpose of which is to avoid a Failure, the
               Seller may elect to supply the necessary modification kit [ * ]
               If such a kit is so offered to the Buyer, then, in respect of
               such Failure and any Failures that could ensue therefrom, the
               validity of the Seller's commitment under this Sub-condition 6.4
               will be subject to the Buyer's incorporating such modification in
               the relevant Aircraft, within a reasonable time, as promulgated
               by the Seller and in accordance with the Seller's instructions.

6.4.4.5        THIS SERVICE LIFE POLICY IS NEITHER A WARRANTY, PERFORMANCE
               GUARANTEE NOR AN AGREEMENT TO MODIFY ANY AIRCRAFT OR AIRFRAME
               COMPONENTS TO CONFORM TO NEW DEVELOPMENTS OCCURRING IN THE STATE
               OF AIRFRAME DESIGN AND MANUFACTURING ART. THE SELLER'S OBLIGATION
               UNDER THIS SUB-CONDITION 6.4 IS TO MAKE ONLY THOSE CORRECTIONS TO
               THE ITEMS OR FURNISH REPLACEMENTS THEREFOR AS PROVIDED IN THIS
               SUB-CONDITION 6.4. THE BUYER'S SOLE REMEDY AND RELIEF FOR THE
               NON-PERFORMANCE OF ANY OBLIGATION OR LIABILITY OF THE SELLER
               ARISING UNDER, OR BY VIRTUE OF, THIS SERVICE LIFE POLICY WILL BE
               IN MONETARY DAMAGES, LIMITED TO THE AMOUNT THE BUYER REASONABLY
               EXPENDS IN PROCURING A CORRECTION OR REPLACEMENT FOR ANY ITEM
               THAT IS THE SUBJECT OF A FAILURE COVERED BY THIS SERVICE LIFE
               POLICY AND TO WHICH SUCH NON-PERFORMANCE IS RELATED, LESS THE
               AMOUNT THAT THE BUYER OTHERWISE WOULD HAVE BEEN REQUIRED TO PAY
               UNDER THIS SUB-CONDITION 6.4 IN RESPECT OF SUCH CORRECTED OR
               REPLACEMENT ITEM. WITHOUT LIMITING THE EXCLUSIVITY OF WARRANTIES
               AND GENERAL LIMITATIONS OF LIABILITY PROVISIONS SET FORTH IN
               SUB-CONDITIONS 6.10 AND 6.11, THE BUYER HEREBY WAIVES, RELEASES
               AND RENOUNCES ALL CLAIMS TO ANY FURTHER DIRECT, INCIDENTAL OR
               CONSEQUENTIAL DAMAGES, INCLUDING LOSS OF PROFITS AND ALL OTHER
               RIGHTS, CLAIMS AND REMEDIES, ARISING UNDER, OR BY VIRTUE OF, THIS
               SERVICE LIFE POLICY WITH RESPECT TO SUCH NON-PERFORMANCE.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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6.4.5          Transferability

               The Buyer's rights under this Sub-condition 6.4 will not be
               assigned, sold, leased, transferred or otherwise alienated by
               operation of law or otherwise, without the Seller's prior written
               consent.

               Any unauthorized assignment, sale, lease, transfer or other
               alienation of the Buyer's rights under this Service Life Policy
               will, as to the particular Aircraft involved, immediately void
               this Service Life Policy in its entirety.

6.5            [Intentionally Deleted]

6.6            [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-59
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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-60
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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-61
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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-62
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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-63
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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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6.7.           [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-65
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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-66
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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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6.8.           Good Airline Operation - Normal Wear and Tear

6.8.1          Good Airline Operation

               The Buyer's rights under this Condition 6 are subject to the
               Aircraft and each Item being stored, maintained, overhauled,
               repaired and operated in accordance with good commercial airline
               practice, all technical documentation and any other instructions
               issued by the Seller and all applicable rules, regulations and
               directives of the relevant Aviation Authorities. The Seller's
               liability under this Condition 6 shall not extend to:

               (i)       any Item which has been repaired, altered or modified
                         after delivery except by the Seller or in a manner
                         approved by the Supplier;

               (ii)      any Item which has been operated in a damaged state;

               (iii)     any Item from which the trade mark, name, part or
                         serial number or any other identification marks have
                         been removed;

               unless, in any such case (except in the case of (iii) above), the
               Buyer submits reasonable evidence to the Seller that the fault
               did not arise from, or was not contributed to, by any one (1) or
               more of the said causes.

6.8.2          Normal Wear and Tear

               The Seller's liability under this Condition 6 shall not extend to
               normal Wear and Tear as defined by the Component Specification.

6.9            Limitations

               All durations quoted in this Condition 6 are subject to the
               limitation of Sub-conditions 2.1 and 14.

6.10           EXCLUSIVITY OF WARRANTIES

               THIS CONDITION 6 (INCLUDING ITS SUB-PROVISIONS) SETS FORTH THE
               EXCLUSIVE WARRANTIES, EXCLUSIVE LIABILITIES AND EXCLUSIVE
               OBLIGATIONS OF THE SELLER, AND THE EXCLUSIVE REMEDIES AVAILABLE
               TO THE BUYER, WHETHER UNDER THIS LETTER AGREEMENT OR OTHERWISE,
               ARISING FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF ANY KIND
               IN ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART OR SERVICE
               DELIVERED UNDER THIS AGREEMENT.

               THE BUYER RECOGNIZES THAT THE RIGHTS, WARRANTIES AND REMEDIES IN
               THIS CONDITION 6 ARE ADEQUATE AND SUFFICIENT TO

                                                                          LA4-68
<Page>

               PROTECT THE BUYER FROM ANY DEFECT OR NON,CONFORMITY OR PROBLEM OF
               ANY KIND IN THE GOODS AND SERVICES SUPPLIED UNDER THE AGREEMENT
               OR THIS LETTER AGREEMENT. THE BUYER HEREBY WAIVES, RELEASES AND
               RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS, GUARANTEES AND
               LIABILITIES OF THE SELLER AND ALL OTHER RIGHTS, CLAIMS AND
               REMEDIES OF THE BUYER AGAINST THE SELLER, WHETHER EXPRESS OR
               IMPLIED BY CONTRACT, TORT OR STATUTORY LAW OR OTHERWISE, WITH
               RESPECT TO ANY NON,CONFORMITY OR DEFECT OR PROBLEM OF ANY KIND IN
               ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART OR SERVICE
               DELIVERED UNDER THE AGREEMENT OR THIS LETTER AGREEMENT,
               INCLUDING, BUT NOT LIMITED TO:

               (1)  ANY IMPLIED WARRANTY OF MERCHANTABILITY AND/OR FITNESS FOR
               ANY GENERAL OR PARTICULAR PURPOSE;

               (2)  ANY IMPLIED OR EXPRESS WARRANTY ARISING FROM THE COURSE OF
               PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;

               (3)  ANY RIGHT, CLAIM OR REMEDY FOR BREACH OF CONTRACT;

               (4)  ANY RIGHT, CLAIM OR REMEDY FOR TORT, INCLUDING ACTIONS FOR
               NEGLIGENCE, RECKLESSNESS, INTENTIONAL TORTS, IMPLIED WARRANTY IN
               TORT AND/OR STRICT LIABILITY;

               (5)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER THE UNIFORM
               COMMERCIAL CODE OR ANY OTHER STATE OR FEDERAL STATUTE;

               (6)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER ANY REGULATIONS OR
               STANDARDS IMPOSED BY ANY INTERNATIONAL, NATIONAL, STATE OR LOCAL
               STATUTE OR AGENCY;

               (7)  ANY RIGHT, CLAIM OR REMEDY TO RECOVER OR BE COMPENSATED FOR:

                    (a)  LOSS OF USE, OR REPLACEMENT, OF ANY AIRCRAFT,
                    COMPONENT, EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THIS
                    AGREEMENT;

                    (b)  LOSS OF, OR DAMAGE OF ANY KIND TO, ANY AIRCRAFT,
                    COMPONENT, EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THIS
                    AGREEMENT;

                    (c)  LOSS OF PROFITS AND/OR REVENUES;

                    (d)  ANY OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGE.

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               THE WARRANTIES AND SERVICE LIFE POLICY PROVIDED BY THIS LETTER
               AGREEMENT WILL NOT BE EXTENDED, ALTERED OR VARIED, EXCEPT BY A
               WRITTEN INSTRUMENT SIGNED BY THE SELLER AND THE BUYER. IN THE
               EVENT THAT ANY PROVISION OF THIS CONDITION 6 SHOULD FOR ANY
               REASON BE HELD UNLAWFUL, OR OTHERWISE UNENFORCEABLE, THE
               REMAINDER OF THIS CONDITION 6 WILL REMAIN IN FULL FORCE AND
               EFFECT.

6.11           Duplicate Remedies

               The remedies provided to the Buyer under this Condition 6 as to
               any defect in respect of the Aircraft, or any part thereof, are
               mutually exclusive and not cumulative. The Buyer will be entitled
               to the remedy that provides the maximum benefit to it, as the
               Buyer may elect, pursuant to the terms and conditions of this
               Condition 6 for any such particular defect for which remedies are
               provided under this Condition 6; provided, however, that the
               Buyer will not be entitled to elect a remedy under one part of
               this Condition 6 that constitutes a duplication of any remedy
               elected by it under any other part hereof or of the Agreement for
               the same defect. The Buyer's rights and remedies herein for the
               non-performance of any obligations or liabilities of the Seller
               arising under these warranties will be in monetary damages
               limited to the amount the Buyer expends in procuring a correction
               or replacement for any covered part subject to a defect or
               non-performance covered by this Condition 6, and the Buyer will
               not have any right to require specific performance by the Seller.

UNQUOTE

               In consideration of the assignment and subrogation by the Seller
               under this Condition 6 in favor of the Buyer in respect of the
               Seller's rights against and obligations to the Manufacturer under
               the provisions quoted above, the Buyer hereby accepts such
               assignment and subrogation and agrees to be bound by all of the
               terms, conditions and limitations therein contained, specifically
               including, without limitation, the Exclusivity of Warranties and
               General Limitations of Liability provisions and Duplicate
               Remedies provisions.

               THIS CONDITION 6 (INCLUDING ITS SUB-PROVISIONS) SETS FORTH THE
               EXCLUSIVE WARRANTIES, EXCLUSIVE LIABILITIES AND EXCLUSIVE
               OBLIGATIONS OF THE SELLER AND THE EXCLUSIVE REMEDIES AVAILABLE TO
               THE BUYER, WHETHER UNDER THIS LETTER AGREEMENT OR THE AGREEMENT
               OR OTHERWISE, ARISING FROM ANY DEFECT OR NON-CONFORMITY OR
               PROBLEM OF ANY KIND IN ANY AIRCRAFT, COMPONENT, EQUIPMENT,
               ACCESSORY, PART OR SERVICE DELIVERED UNDER THIS LETTER AGREEMENT
               OR THE AGREEMENT.

               THE BUYER RECOGNIZES THAT THE RIGHTS, WARRANTIES AND REMEDIES IN
               THIS CONDITION 6 ARE ADEQUATE AND SUFFICIENT TO

                                                                          LA4-70
<Page>

               PROTECT THE BUYER FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF
               ANY KIND IN THE GOODS AND SERVICES SUPPLIED UNDER THIS LETTER
               AGREEMENT OR THE AGREEMENT. THE BUYER HEREBY WAIVES, RELEASES AND
               RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS, GUARANTEES AND
               LIABILITIES OF THE SELLER AND ALL OTHER RIGHTS, CLAIMS AND
               REMEDIES OF THE BUYER AGAINST THE SELLER, WHETHER EXPRESS OR
               IMPLIED BY CONTRACT, TORT OR STATUTORY LAW OR OTHERWISE, WITH
               RESPECT TO ANY NON-CONFORMITY OR DEFECT OR PROBLEM OF ANY KIND IN
               ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART OR SERVICE
               DELIVERED UNDER THE AGREEMENT OR THIS LETTER AGREEMENT,
               INCLUDING, BUT NOT LIMITED TO:

               (1)  ANY IMPLIED WARRANTY OF MERCHANTABILITY AND/OR FITNESS FOR
               ANY GENERAL OR PARTICULAR PURPOSE;

               (2)  ANY IMPLIED OR EXPRESS WARRANTY ARISING FROM THE COURSE OF
               PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;

               (3)  ANY RIGHT, CLAIM OR REMEDY FOR BREACH OF CONTRACT;

               (4)  ANY RIGHT, CLAIM OR REMEDY FOR TORT, INCLUDING ACTIONS FOR
               NEGLIGENCE, RECKLESSNESS, INTENTIONAL TORTS, IMPLIED WARRANTY IN
               TORT AND/OR STRICT LIABILITY;

               (5)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER THE UNIFORM
               COMMERCIAL CODE OR ANY OTHER STATE OR FEDERAL STATUTE;

               (6)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER ANY REGULATIONS OR
               STANDARDS IMPOSED BY ANY INTERNATIONAL, NATIONAL, STATE OR LOCAL
               STATUTE OR AGENCY;

               (7)  ANY RIGHT, CLAIM OR REMEDY TO RECOVER OR BE COMPENSATED FOR:

                    (a)  LOSS OF USE, OR REPLACEMENT, OF ANY AIRCRAFT,
                    COMPONENT, EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THIS
                    AGREEMENT;

                    (b)  LOSS OF, OR DAMAGE OF ANY KIND TO, ANY AIRCRAFT,
                    COMPONENT, EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THIS
                    AGREEMENT;

                    (c)  LOSS OF PROFITS AND/OR REVENUES;

                    (d)  ANY OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGE.

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<Page>

               THE WARRANTIES AND SERVICE LIFE POLICY PROVIDED BY THIS LETTER
               AGREEMENT WILL NOT BE EXTENDED, ALTERED OR VARIED EXCEPT BY A
               WRITTEN INSTRUMENT SIGNED BY THE SELLER AND THE BUYER IN THE
               EVENT THAT ANY PROVISION OF THIS CONDITION 6 SHOULD FOR ANY
               REASON BE HELD UNLAWFUL, OR OTHERWISE UNENFORCEABLE, THE
               REMAINDER OF THIS CONDITION 6 WILL REMAIN IN FULL FORCE AND
               EFFECT.

               The remedies provided to the Buyer under this Condition 6 as to
               any defect in respect of the Aircraft or any part thereof, are
               mutually exclusive and not cumulative. The Buyer will be entitled
               to the remedy that provides the maximum benefit to it, as the
               Buyer may elect, pursuant to the terms and conditions of this
               Condition 6 for any such particular defect for which remedies are
               provided under this Condition 6; provided, however, that the
               Buyer will not be entitled to elect a remedy under one part of
               this Condition 6 that constitutes a duplication of any remedy
               elected by it under any other part hereof or of the Agreement for
               the same defect. The Buyer's rights and remedies herein for the
               non-performance of any obligations or liabilities of the Seller
               arising under these warranties will be in monetary damages
               limited to the amount the Buyer expends in procuring a correction
               or replacement for any covered part subject to a defect or
               non-performance covered by this Condition 6, and the Buyer will
               not have any right to require specific performance by the Seller.

6.12           NEGOTIATED AGREEMENT

               The Buyer and the Seller specifically recognizes that:

               (i)       the Agreement, and in particular this Condition 6 of
                         this Letter Agreement, has been the subject of
                         discussion and negotiation and is fully understood by
                         the Buyer;

               (ii)      the price of the Aircraft, and the other mutual
                         agreements of the Buyer set forth in the Agreement,
                         were arrived at in consideration of, inter alia, the
                         provisions of this Condition 6, specifically including
                         the Exclusivity of Warranties set forth in
                         Sub-condition 6.10

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7              INTERFACE COMMITMENT

7.1            Interface Problem

               If the Buyer experiences any technical problem in the operation
               of an Aircraft or its systems due to a malfunction, the cause of
               which, after due and reasonable investigation, is not readily
               identifiable by the Buyer, but which the Buyer reasonably
               believes to be attributable to the design characteristics of one
               (1) or more components of the Aircraft (an "Interface Problem"),
               the Seller will, if requested by the Buyer, and without
               additional charge to the Buyer, promptly conduct or have
               conducted an investigation and analysis of such problem to
               determine, if possible, the cause or causes of the problem and to
               recommend such corrective action as may be feasible. The Buyer
               will furnish to the Seller all data and information in the
               Buyer's possession relevant to the Interface Problem and will
               cooperate with the Seller in the conduct of the Seller's
               investigations and such tests as may be required. At the
               conclusion of such investigation the Seller will promptly advise
               the Buyer in writing of the Seller's opinion as to the cause or
               causes of the interface Problem and the Seller's recommendations
               as to corrective action. The Seller will use reasonable efforts
               to complete such investigation within ninety (90) days and, in
               any event, will provide an interim status report.

7.2            The Seller's Responsibility

               If the Seller determines that the Interface Problem is primarily
               attributable to the design of a Warranted Part, the Seller will,
               if requested by the Buyer, replace, repair or correct the design
               of such Warranted Part, pursuant to the terms and conditions of
               Sub-condition 6.l.

7.3            The Supplier's Responsibility

               If the Seller determines that the Interface Problem is primarily
               attributable to the design of any Supplier Part, the Seller will,
               if requested by the Buyer, reasonably assist the Buyer in
               processing any warranty claim the Buyer may have against the
               manufacturer of such Supplier Part. In the event that the
               Supplier fails to take action pursuant to the Seller's
               recommendation as to the necessary corrective action within a
               reasonable time, the Seller agrees to correct, repair or replace
               such Supplier component in accordance with and subject to the
               terms and conditions of Sub-condition 6.3.2.1 of this Letter
               Agreement.

7.4            Joint Responsibility

               If the Seller determines that the Interface Problem is
               attributable partially to the design of a Warranted Part and
               partially to the design of any Supplier Part, the Seller will, if
               requested by the Buyer, seek a solution to the Interface Problem
               through cooperative efforts of the Seller and any Supplier
               involved. The Seller will promptly

                                                                          LA4-73
<Page>

               advise the Buyer of any corrective action proposed by the Seller
               and any such Supplier and provide information on any impact this
               action has on the Aircraft such as weight, loadability and
               performance. Such proposal will be consistent with any
               then-existing obligations of the Seller hereunder and of any such
               Supplier to the Buyer in accordance with GCP 2000. Such
               corrective action, unless reasonably rejected by the Buyer, will
               constitute full satisfaction of any claim the Buyer may have
               against either the Seller or any such Supplier with respect to
               such Interface Problem. The Seller will, in this case, and at the
               request of the Buyer, coordinate and process the Buyer's warranty
               claim(s) for the Warranted Parts and Supplier Parts.

7.5            General

7.5.l          All requests under this Condition 7 will be directed both to the
               Seller and the affected Suppliers. The Seller will, at the
               request of the Buyer, coordinate and manage the corrective
               action(s) with the Suppliers and will act as the focal point for
               the Buyer.

7.5.2          Except as specifically set forth in this Condition 7, this
               Condition 7 will not be deemed to impose on the Seller any
               obligations not expressly set forth elsewhere in this Agreement.

               All reports, recommendations, data and other documents furnished
               by the Seller to the Buyer pursuant to this Condition 7 will be
               deemed to be delivered under this Letter Agreement and will be
               subject to the terms, covenants and conditions set forth in these
               Conditions.

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8              [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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<Page>

                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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9.             [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

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10.            SUBCONTRACTING

               The Seller may subcontract all or part of its obligations under
               these Conditions to the Seller's designated and authorized third
               parties (Affiliate, agency, repair station, stockist,
               subcontractor, Supplier and co-operative partner); the latter
               shall be deemed to act on behalf of the Seller, and the Seller
               shall ensure that they are aware of, and comply wit,h these
               Conditions. The Seller shall not be relieved from its obligations
               and liabilities and shall substitute for such third parties in
               the event they fail to perform in accordance with these
               Conditions within the scope of their responsibility. In the
               latter circumstances, the Seller shall bear any damages and/or
               additional costs incurred by the Buyer.

               Such subcontract shall be undertaken only when the Seller can
               ensure that all legal requirements which may be imposed by the
               Aviation Authority are complied with.

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<Page>

11.            EXCUSABLE DELAYS

               Neither party shall be responsible, or be deemed to be in
               default, on account of an Excusable Delay (as defined in Clause
               10 of the Agreement).

               Either party shall as soon as practicable after becoming aware of
               any such excusable delay, notify the other party of such delay
               and of the probable duration and shall, as soon as practicable
               after the removal of the cause of such delay, resume its
               performance under these Conditions, unless otherwise agreed upon
               between both parties. The Buyer shall have the right to cancel an
               Order if the Excusable Delay exceeds an operationally and/or
               economically acceptable period of time.

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12.            SELLER PARTS LEASING

12.1           General

               The terms and conditions of this Condition 12 will apply for the
               leasing of Seller Parts listed in Exhibit E hereto, hereinafter
               "Leased Parts" or a "Leased Part," and will form a part of each
               lease of Seller Parts by the Buyer from the Seller.

12.l.1         The terms and conditions of this Condition 12 will prevail over
               all other terms and conditions appearing on any order form or
               other document pertaining to Leased Parts. The Seller's current
               proprietary parts Repair Guide will be provided to the Buyer and
               will be used, along with this Letter Agreement, as the basis for
               Seller Parts lease transactions between the Buyer and the Seller.
               However, in case of discrepancy, this Letter Agreement will
               prevail.

12.1.2         For the purposes of this Condition 12, the term "Lessor" refers
               to the Seller and the term "Lessee" refers to the Buyer.

12.l.3         [INTENTIONALLY LEFT BLANK]

12.2           Leasing Procedure

               On the Lessee's request by telephone (to be confirmed promptly in
               writing), telefax, cable, SITA, letter or other written
               instrument, the Lessor will lease such Leased Parts, which will
               be made available in accordance with Sub-condition 3.2.2.3 for
               the purpose of being substituted for a part removed from an
               Aircraft for repair or overhaul. Each lease of Leased Parts will
               be evidenced by a lease document (hereinafter "Lease") issued by
               the Lessor to the Lessee not later than seven (7) days after
               delivery of the Leased Part.

12.3           Lease Period

12.3.l         The period of the Lease (the "Lease Period") will begin on the
               day the Leased Part is delivered [ * ] and end on either the day
               the Leased Part is returned (POD) at the Lessor or at any address
               indicated by the Lessor or the day when title to the Leased Part
               passes to the Lessee.

12.3.2         If the Lessee does not return the Leased Part to the Lessor
               within [ * ], then the Lessor, by giving prompt written notice to
               the Lessee, may deem such non-return an election by the Lessee to
               purchase the Leased Part unless the reason for the long lease is
               due to the Seller's failure to repair the removed unit. On
               receipt of such notice, the Lessee will pay the Lessor all
               amounts due under Sub-conditions 12.4 and 12.8 for the Leased
               Part for the Lease Period of [ * ] plus the current sales price
               of the Leased Part

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-82
<Page>

               in effect when Lease is converted to a document of sale. Title to
               such Leased Part will pass to the Lessee in accordance with
               sub-condition 12.6.

12.3.3         The minimum Lease Period is seven (7) days. If the shipment of a
               Leased Part has been arranged and the Lessee cancels the order
               for such Leased Part, the minimum chargeable period of seven (7)
               days will apply.

12.4           LEASE CHARGES AND TAXES

               During the Lease Period, the Lessee will pay the Lessor the
               following amounts:

               (i)       a daily rental charge for the Lease Term in respect of
                         each Leased Part equal to one-three-hundred-sixty-fifth
                         (l/365) of the Catalog Price of such Leased Part, as
                         set forth in the Seller's Spare Parts Price List in
                         effect on the date of commencement of the Lease Term,

               (ii)      any reasonable additional costs, which may be incurred
                         by the Lessor as a direct result of such Lease, such as
                         inspection, test, repair, overhaul and repackaging
                         costs as required, to place the Leased Part in
                         satisfactory condition for lease to a subsequent Buyer,

               (iii)     all transportation and insurance charges, and

               (iv)      any taxes, charges or customs duties imposed upon the
                         Lessor or its property as a result of the lease, sale,
                         delivery, storage or transfer of any Leased Part
                         (excluding the net gross income of the Lessor) (the
                         "Lease Charges").

               All payments due hereunder will be made in accordance with
               Sub-condition 3.5.

12.5           Risk of Loss, Maintenance, Storing and Repair of the Leased Part

               (i)       The Lessee will be liable for maintaining and storing
                         the Leased Part in accordance with all applicable rules
                         of the relevant Aviation Authorities and the Lessee's
                         maintenance and storage program.

               (ii)      Except for normal wear and tear, each Leased Part will
                         be returned to the Lessor in the same condition as when
                         delivered to the Lessee.

               (iii)     The Leased Part will be repaired solely at repair
                         stations approved by the Lessor. If during the Lease
                         Period any inspection, maintenance, rework and/or
                         repair is carried out to maintain the Leased Part
                         serviceable, in accordance with the standards of the
                         Lessor, the Lessee will provide details and
                         documentation about the scope of the work performed,
                         including respective inspection, work and test reports.

                                                                          LA4-83
<Page>

               (iv)      All documentation will include, but not be limited to,
                         evidence of incidents, such as hard landings,
                         abnormalities of operation and corrective action taken
                         by the Lessee as a result of such incidents.

               (v)       The Leased Part must not be loaned or sub-leased to a
                         third party.

               (vi)      Risk of loss of, or damage to, each Leased Part will
                         remain with the Lessee until such Leased Part is
                         redelivered to the Lessor at the return location
                         specified in the applicable Lease. If a Leased Part is
                         lost, damaged beyond economical repair or damaged and
                         unrepairable, the Lessee will be deemed to have
                         exercised its option to purchase said Leased Part in
                         accordance with Sub-condition 12.8 as of the date of
                         such loss or damage.

12.6           Title

               Title to each Leased Part will remain with the Lessor at all
               times unless the Lessee exercises its option to purchase in
               accordance with Sub-condition 12.3.2 or 12.8, in which case title
               will pass to the Lessee on receipt by the Lessor of the payment
               for the purchased Leased Part.

12.7           Return of Leased Part

12.7.l         The Lessee will return the Leased Part at the end of the Lease
               Period to the address indicated herebelow:

               Airbus North America Customer Services Spares Center
               21780 Filigree Court
               Ashburn, VA 20147-6205
               or any other address indicated by the Lessor.

12.7.2         The return shipping document will indicate the reference of the
               Lease and the removal data, such as the following:

               (i)       Aircraft manufacturer serial number,

               (ii)      removal date,

               (iii)     total flight hours and flight cycles for the period the
                         Leased Part was installed on the Aircraft, and

               (iv)      documentation in accordance with Sub-condition 12.5

               If the Lessee cannot provide the above mentioned data and
               documentation for the Leased Part to be returned from Lease,
               lease charges of seventy-five percent (75%) of the Lessor's
               current sales price for a new part plus fifty percent (50%) of
               the accumulated Lease fees will be invoiced. According to the
               Lessor's quality standards,

                                                                          LA4-84
<Page>

               parts are not serviceable without the maintenance history data
               outlined above and must be scrapped on site.

12.7.3         The unserviceable or serviceable tag issued by the Lessee and the
               original Lessor certification documents must be attached to the
               Leased Part.

12.7.4         The Leased Part will be returned with the same painting as when
               delivered (Airbus gray or primary paint). If the Lessee is not in
               a position to return the Leased Part in the same serviceable
               condition, the Lessee will contact the Lessor for instructions.

12.7.5         The Leased Part is to be returned in the same shipping container
               as that delivered by the Lessor. The container must be in a
               serviceable condition, normal wear and tear excepted.

12.7.6         The Lessee will not return an equivalent part different from the
               Leased Part delivered by the Lessor without the Lessor's prior
               written agreement.

12.8           OPTION TO PURCHASE

12.8.1         The Lessee may, at its option, exercisable by written notice
               given to the Lessor during the Lease Period, elect to purchase
               the Leased Part, in which case the then-current sales price for
               such Leased Part, as set forth in the Seller's Spare Parts Price
               List, will be paid by the Lessee to the Lessor. Should the Lessee
               exercise such option, [ * ] of the Lease Charges due pursuant to
               Sub-condition 12.4(i) will be credited to the Lessee against said
               purchase price of the Leased Part.

12.8.2         If purchased, the Leased Part will be warranted in accordance
               with Sub-condition 6.2 as though such Leased Part were a Seller
               Part, but the warranty period will be deemed to have commenced on
               the date such part was first installed on any Aircraft. However,
               in no event will such warranty period be less than six (6) months
               from the date of purchase of such Leased Part. A warranty granted
               under this Sub-condition 12.8.2 will be in substitution for the
               warranty granted under Sub-condition 12.9 at the beginning of the
               Lease Period.

12.9           WARRANTIES

               The Lessor, in its capacity as "Lessee," under its arrangements
               with the Manufacturer, in its capacity as "Lessor," has
               negotiated and obtained the following warranties from the
               Manufacturer with respect to the Leased Parts, subject to the
               terms, conditions, limitations and restrictions all as
               hereinafter set out. The Lessor hereby assigns to the Lessee, and
               the Lessee hereby accepts, all of the rights and

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-85
<Page>

               obligations of the Lessor in its capacity as "Lessee" as
               aforesaid under the said warranties and the Lessor subrogates the
               Lessee as to all such rights and obligations in respect of Leased
               Parts during the Lease Term with respect thereto. The Lessor
               hereby warrants to the Lessee that it has all requisite authority
               to make the foregoing assignment and effect the foregoing
               subrogation t,o and in favor of, the Lessee and that it will not
               enter into any amendment of the provisions so assigned or
               subrogated without the prior written consent of the Lessee.
               Capitalized terms utilized in the following provisions have the
               meanings assigned thereto in this Letter Agreement, except that
               the term "Lessor" refers to the Manufacturer and the term
               "Lessee" refers to the Lessor.

QUOTE

12.9.1         The Lessor warrants that each Leased Part will at the time of
               delivery be free from defects in material and workmanship that
               could materially impair the utility of the Leased Part.

12.9.2         Warranty and Notice Periods

               The Lessee's remedy and the Lessor's obligation and liability
               under this Sub-condition 12.9, with respect to each defect, are
               conditioned on:

               (i)       the defect having become apparent to the Lessee within
                         the Lease Period, and

               (ii)      the return by the Lessee as soon as practicable to the
                         return location specified in the applicable Lease, or
                         such other place as may be mutually agreed, of the
                         Leased Part claimed to be defective, and

               (iii)     the Lessor's warranty administrator having received
                         written notice of the defect from the Lessee within
                         forty-five (45) days after the defect becomes apparent
                         to the Lessee, with reasonable proof that the claimed
                         defect is due to a matter embraced within the Lessor's
                         warranty under this Sub-condition 12.9 and that such
                         defect did not result from any act or omission of the
                         Lessee, including, but not limited to, any failure to
                         operate or maintain the Leased Part claimed to be
                         defective or the Aircraft in which it was installed in
                         accordance with applicable governmental regulations and
                         the Lessor's applicable written instructions.

12.9.3         Remedies

               The Lessee's remedy and the Lessor's obligation and liability
               under this Sub-condition 12.9 with respect to each defect are
               limited to the repair of such defect in the Leased Part in which
               the defect appears, or, as mutually agreed, to the replacement of
               such Leased Part with a similar part free from defect.

               Any replacement part furnished under this Sub-condition 12.9.3
               will be deemed to be the Leased Part so replaced.

                                                                          LA4-86
<Page>

12.9.4         Suspension and Transportation Costs

12.9.4.l       If a Leased Part is found to be defective and covered by this
               warranty, the Lease Period, and the Lessee's obligation to pay
               Lease Charges as provided for in Sub-condition 12.4(i), will be
               suspended from the date on which the Lessee notifies the Lessor
               of such defect until the date on which the Lessor has repaired,
               corrected or replaced the defective Leased Part, provided,
               however, that the Lessee has, promptly after giving such notice
               to the Lessor, withdrawn such defective Leased Part from use. If
               the defective Leased Part is replaced, such replaced part will be
               deemed to no longer be a Leased Part under the Lease as of the
               date on which such part was received by the Lessor at the return
               location specified in the applicable Lease.

               If a Leased Part is found to be defective on first use by the
               Lessee and is covered by this warranty, no Lease Charges, as
               provided in Sub-condition 12.4(i), will accrue and be payable by
               the Lessee until the date on which the Lessor has repaired,
               corrected or replaced the defective Leased Part.

12.9.4.2       All transportation and insurance costs of returning the defective
               Leased Part and returning the repaired, corrected or replacement
               part to the Lessee will be borne by the Lessor.

12.9.5         Wear and Tear

               Normal wear and tear and the need for regular maintenance and
               overhaul will not constitute a defect or non-conformance under
               this Sub-condition 12.9.

12.9.6         Exclusivity of Warranties and General Limitations of Liability
               and Duplicate Remedies

               THE LESSEE AND THE LESSOR RECOGNIZE AND AGREE THAT THE
               EXCLUSIVITY OF WARRANTIES AND GENERAL LIMITATIONS OF LIABILITY
               PROVISIONS AND THE DUPLICATE REMEDIES PROVISIONS CONTAINED IN
               SUB-CONDITIONS 6.10 AND 6.11 OF THE THIS LETTER AGREEMENT WILL
               ALSO APPLY TO THE FOREGOING WARRANTIES PROVIDED FOR IN THIS
               SUB-CONDITION 12.9.

UNQUOTE

               In consideration of the assignment and subrogation by the Seller
               under this Subcondition 12.9 in favor of the Buyer in respect of
               the Seller's rights against, and obligations t, the Manufacturer
               under the provisions quoted above, the Buyer hereby accepts such
               assignment and subrogation and agrees to be bound by all of the
               terms, conditions and limitations therein contained.

                                                                          LA4-87
<Page>

12.10          EXCLUSIVITY OF WARRANTIES AND GENERAL LIMITATIONS OF LIABILITY
               AND DUPLICATE REMEDIES

               SUB-CONDITION 12.9 (INCLUDING ITS SUB-PROVISIONS) SETS FORTH THE
               EXCLUSIVE WARRANTIES, EXCLUSIVE LIABILITIES AND EXCLUSIVE
               OBLIGATIONS OF THE SELLER, AND THE EXCLUSIVE REMEDIES AVAILABLE
               TO THE BUYER, WHETHER UNDER THIS LETTER AGREEMENT OR OTHERWISE,
               ARISING FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF ANY KIND
               IN ANY LEASED PART DELIVERED UNDER THIS LETTER AGREEMENT.

               THE BUYER RECOGNIZES THAT THE RIGHTS, WARRANTIES AND REMEDIES IN
               SUBCONDITION 12.9 ARE ADEQUATE AND SUFFICIENT TO PROTECT THE
               BUYER FROM ANY DEFECT OR NON-CONFORMITY OR PROBLEM OF ANY KIND IN
               THE GOODS AND SERVICES SUPPLIED UNDER THIS LETTER AGREEMENT. THE
               BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES,
               OBLIGATIONS, GUARANTEES AND LIABILITIES OF THE SELLER AND ALL
               OTHER RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST THE
               SELLER, WHETHER EXPRESS OR IMPLIED BY CONTRACT, TORT OR STATUTORY
               LAW OR OTHERWISE, WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT OR
               PROBLEM OF ANY KIND IN ANY LEASED PART DELIVERED UNDER THIS
               LETTER AGREEMENT, INCLUDING BUT NOT LIMITED TO:

               (1)  ANY IMPLIED WARRANTY OF MERCHANTABILITY AND/OR FITNESS FOR
                    ANY GENERAL OR PARTICULAR PURPOSE;

               (2)  ANY IMPLIED OR EXPRESS WARRANTY ARISING FROM THE COURSE OF
                    PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;

               (3)  ANY RIGHT, CLAIM OR REMEDY FOR BREACH OF CONTRACT;

               (4)  ANY RIGHT, CLAIM OR REMEDY FOR TORT, UNDER ANY THEORY OF
                    LIABILITY, HOWEVER ALLEGED, INCLUDING, BUT NOT LIMITED TO,
                    ACTIONS AND/OR CLAIMS FOR NEGLIGENCE, GROSS NEGLIGENCE,
                    INTENTIONAL ACTS, WILLFUL DISREGARD, PRODUCT LIABILITY,
                    STRICT LIABILITY OR FAILURE TO WARN;

               (5)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER THE UNIFORM
                    COMMERCIAL CODE, OR ANY OTHER STATE OR FEDERAL STATUTE;

               (6)  ANY RIGHT, CLAIM OR REMEDY ARISING UNDER ANY REGULATIONS OR
                    STANDARDS IMPOSED BY ANY INTERNATIONAL, NATIONAL, STATE OR
                    LOCAL STATUTE OR AGENCY;

                                                                          LA4-88
<Page>

               (7)  ANY RIGHT, CLAIM OR REMEDY TO RECOVER OR BE COMPENSATED FOR:

               (a)  LOSS OF USE OR REPLACEMENT OF ANY AIRCRAFT, COMPONENT,
                    EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THE AGREEMENT;

               (b)  LOSS OF, OR DAMAGE OF ANY KIND TO, ANY AIRCRAFT, COMPONENT,
                    EQUIPMENT, ACCESSORY OR PART PROVIDED UNDER THE AGREEMENT;

               (c)  LOSS OF PROFITS AND/OR REVENUES;

               (d)  ANY OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGE.

               THE WARRANTIES PROVIDED BY THIS LETTER AGREEMENT WILL NOT BE
               EXTENDED, ALTERED OR VARIED, EXCEPT BY A WRITTEN INSTRUMENT
               SIGNED BY THE SELLER AND THE BUYER. IN THE EVENT THAT ANY
               PROVISION OF SUB-CONDITION 12.10 SHOULD FOR ANY REASON BE HELD
               UNLAWFUL, OR OTHERWISE UNENFORCEABLE, THE REMAINDER OF THIS
               SUB-CONDITION 12.10 WILL REMAIN IN FULL FORCE AND EFFECT.

               The remedies provided to the Buyer under Sub-condition 12.9, as
               to any defect in respect of the Aircraft or any part thereof, are
               mutually exclusive and not cumulative. The Buyer will be entitled
               to the remedy which provides the maximum benefit to it, as the
               Buyer may elect, pursuant to the terms and conditions of
               Sub-condition 12.9 for any such particular defect for which
               remedies are provided under Sub-condition 12.9; provided,
               however, that the Buyer will not be entitled to elect a remedy
               under one part of Sub-condition 12.9 which constitutes a
               duplication of any remedy elected by it under any other part
               thereof for the same defect. The Buyer's rights and remedies for
               nonperformance of any obligation or liability of the Seller,
               arising under these warranties, will be in monetary damages
               limited to the amount the Buyer expends in procuring a correction
               or replacement for any covered part subject to a defect or
               non-performance covered by Sub-condition 12.9, and the Buyer will
               not have any right to require specific performance by the Seller.

               NEGOTIATED AGREEMENT

               The Buyer and the Seller agree that Sub-condition 12.9 and this
               Sub-condition 12.10 have been the subject of discussion and
               negotiation and are fully understood by the parties, and that the
               price of the Aircraft and the other mutual agreements of the
               parties set forth in this Letter Agreement and the Agreement were
               arrived at in consideration of, INTER ALIA, the Exclusivity of
               Warranties provisions and General Limitations of Liability
               provisions set forth above.

                                                                          LA4-89
<Page>

13.            TERMINATION

               Any termination under Clause 10, 11 or 21 of the Purchase
               Agreement or any Letter Agreements thereto will discharge all
               obligations and liabilities of the parties under the Conditions
               with respect to such undelivered Materiel, services, data or
               other items to be purchased hereunder that are applicable to
               those Aircraft as to which the Purchase Agreement has been
               terminated. Termination under this Condition 13 notwithstanding,
               new and unused Materiel in excess of the Buyer's requirements due
               to such Aircraft cancellation will be repurchased by the Seller
               as provided in Sub-condition 3.8 of these Conditions.

                                                                          LA4-90
<Page>

14.            ASSIGNMENT

               Notwithstanding any other provision of these Conditions or of the
               Purchase Agreement, or any Letter Agreement thereto, these
               Conditions and the rights and obligations of the Buyer hereunder
               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 Condition
               14 will be void and of no force or effect.

                                                                          LA4-91
<Page>

               If the foregoing correctly sets forth our understanding, please
               execute the original and one (1) copy hereof in the space below
               and return a copy to the Seller.

               Very truly yours,

                                                AVSA, S.A.R.L.

                                                By: /s/ MARIE-PIERRE MERLE BERAL
                                                    ----------------------------
                                                     Marie-Pierre Merle-Beral

                                                Its: Chief Executive Officer

               Accepted and Agreed,

               FEDERAL EXPRESS CORPORATION

               By:  /s/ JAMES R. PARKER
                    ----------------------
                    James R. Parker

               Its: Vice President

                                                                          LA4-92
<Page>

                                                               EXHIBIT A - [ * ]

                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-93
<Page>

                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-94
<Page>

                                                               EXHIBIT B - [ * ]

                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-95
<Page>

                          EXHIBIT C - REPORTING TABLES

                                      [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-96
<Page>

                     EXHIBIT D - SELLER SERVICE LIFE POLICY

1.             The SLP Items of primary and auxiliary structure described
               hereunder are covered by the Service Life Policy described in
               Sub-condition 6.4.

2.             WINGS - (CENTER, LEFT AND RIGHT OUTER)

2.1            WING STRUCTURE

2.1.1          Spars

2.l.2          Ribs, [ * ] inside the wing box (center and outer)

2.1.3          Upper and lower panels of the wing box

2.1.4          [ * ]

2.1.5          [ * ]

2.1.6          [ * ]

2.1.7          Wing Tip

2.2            FITTINGS

2.2.1          [ * ] attachment fittings for the flap structure

2.2.2          [ * ] attachment fittings for the engine pylons

2.2.3          [ * ] attachment fittings for the main landing gear

2.2.4          [ * ] attachment fittings for the center wing box

2.3            AUXILIARY SUPPORT STRUCTURE

2.3.1          FOR THE SLATS [ * ]

2.3.1.1        Ribs supporting the track rollers on wing box structure

2.3.1.2        Ribs supporting the actuators on wing box structure

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-97
<Page>

2.3.2          FOR THE AILERONS

2.3.2.1        Hinge brackets and ribs on wing box rear spar or shroud box

2.3.2.2        Actuator fittings on wing box rear spar or shroud box

2.3.3          FOR AIRBRAKES, SPOILERS, LIFT DUMPERS

2.3.3.l        Hinge brackets and ribs on wing box rear spar or shroud box

2.3.3.2        Actuator fittings on wing box rear spar or shroud box

2.3.4          FOR THE FLAPS

2.3.4.1        [ * ]

2.4            PYLON

2.4.l          [ * ]

2.4.1.l        [ * ]

2.4.l.2        [ * ]

2.4.l.3        [ * ]

2.4.l.4        [ * ]

3.             FUSELAGE

3.1            FUSELAGE STRUCTURE

3.1.1          Fore, [ * ] and Aft pressure bulkheads, [ * ]

3.1.2          Pressurized floors and bulkheads surrounding the main- and
               nose-gear wheel well and center wing box

3.1.3          Skins (including skin joints) with doublers, stringers and frames
               from the forward pressure bulkheads [ * ] supporting the rear
               attachment of horizontal tail plane (or also referred to as the
               horizontal stabilizer)

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-98
<Page>

3.1.4          Window and windshield attachment structure, but excluding
               transparencies

3.1.5          Sills (excluding scuff plates) and upper beams surrounding
               passenger and cargo door apertures

3.1.6          Cockpit, Courier and Service Area floor structure and Cargo
               Compartment floor beams, excluding floor panels and seat rails

3.1.7          [ * ]

3.1.8          [ * ]

3.1.9          [ * ]

3.2            FITTINGS

3.2.1          [ * ]

3.2.2          Support structure and attachment fittings for the vertical and
               horizontal tail plane (or also referred to as vertical and
               horizontal stabilizers)

3.2.3          [ * ]

3.2.4          [ * ]

3.3            [ * ]

3.3.1          [ * ]

3.3.2          [ * ]

3.3.3          [ * ]

3.3.4          [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA4-99
<Page>

4              Horizontal Tail Planes (STABILIZERS)

4.1            HORIZONTAL TAIL PLANE (HTP)

4.1.1          HORIZONTAL TAIL TORQUE BOX

4.1.1.1        Spars

4.1.1.2        Ribs

4.1.1.3        Skins and stringers

4.1.1.4        Support structure and attachment fitting to fuselage and trim
               screw actuator

4.1.2          [ * ]

4.1.3          [ * ]

4.1.4          ELEVATOR SUPPORT STRUCTURE

4.1.4.1        Hinge bracket

4.1.4.2        Servocontrol attachment brackets

4.1.5          HTP CONTROL SURFACES SUPPORT STRUCTURE

4.1.5.1        Hinge bracket

4.1.5.2        Servocontrol attachment brackets

4.2            VERTICAL TAIL PLANE (VTP)

4.2.1          VERTICAL TAIL CENTER BOX

4.2.1.1        Spars

4.2.1.2        Ribs

4.2.1.3        Skins and stringers

4.2.1.4        Support structure and attachment fitting to fuselage

4.2.2          [ * ]

4.2.3          [ * ]

4.2.4          VTP CONTROL SURFACES SUPPORT STRUCTURE

4.2.4.1        Hinge brackets

4.2.4.2        Servocontrol attachment brackets

5              EXCLUSIONS

               Bearing and roller assemblies, bearing surfaces, bushings, bolts,
               rivets, latching mechanisms, servicing panels, all system
               components, commercial interior parts, insulation and related
               installation and connecting devices are excluded from this Seller
               Service Life Policy.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                         LA4-100
<Page>

                      EXHIBIT E - SELLER PARTS LEASING LIST

(Leased Parts)

AILERONS

AUXILIARY POWER UNIT (APU) DOORS

CARGO DOORS

PASSENGER DOORS

ELEVATORS

FLAPS

LANDING GEAR DOORS

RUDDER

TAIL CONE

WING SLATS

SPOILERS

AIRBRAKES

WING TIPS

                                                                         LA4-101
<Page>

                   EXHIBIT F - TECHNICAL DATA FOR THE AIRCRAFT

In continuation of progressive policies applied in previous Airbus aircraft
programs, Technical Data, whether in accordance with or supplementary to ATA
2200 specification, will be made available electronically through the Airbus
On-Line Services (AOLS) in accordance with Sub-condition 4.9 of this Letter
Agreement when Technical Data production means allow it, [ * ]

Aircraft systems (e.g. Onboard Maintenance System (OMS)/Onboard Information
System (OIS)) will be designed for maximum integration of, and access to,
maintenance and operational data in support of the paperless cockpit concept,
efficient trouble-shooting and short turn-around times.

If for certain data that are available on-line, the Buyer, the Aviation
Authorities or data processing should require digital media, such as CD, then
such media will be made available for the purpose of the initial Technical Data
supply, in quantities and formats as defined or based on ATA standards, subject
to licensing conditions to be mutually agreed upon, [ * ]

The format and definition of Technical Data for the A380 aircraft is under
development. To allow the Buyer to benefit from these developments, it is hereby
agreed that the Seller and the Buyer will, within two (2) years prior to
Delivery of the first Aircraft, mutually agree upon a suite of Technical Data to
be delivered to the Buyer to support the Buyer's operation. Such suite of
Technical Data will be based upon the following list:

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                         LA4-102
<Page>

<Table>
<Caption>
NOMENCLATURE                                          Abbr
------------                                          ----
<S>                                                   <C>
OPERATIONAL MANUALS AND DATA
Flight Crew Operating Manual                          FCOM
Flight Manual                                         FM
Master Minimum Equipment List                         MMEL
Quick Reference Handbook                              QRH
Trim Sheet                                            TS
Weight and Balance Manual                             WBM
Performance Engineer's Programs                       PEP
Performance Programs Manual                           PPM
MAINTENANCE AND ASSOCIATED MANUALS
Aircraft Maintenance Manual                           AMM
Aircraft Schematics Manual                            ASM
Aircraft Wiring Lists                                 AWL
Aircraft Wiring Manual                                AWM
Component Location Manual                             CLM
Consumable Material List                              CML
Duct Repair Manual                                    DRM
Electrical Standard Practices Manual                  ESPM
Fuel Pipe Repair Manual                               FPRM
Illustrated Parts Catalog (Airframe)                  IPC
Illustrated Parts Catalog (Power Plant)               PIPC
MAINTENANCE AND ASSOCIATED MANUALS
Maintenance Facility Planning                         MFP
Maintenance Planning Document                         MPD
Maintenance Review Board                              MRB
Support Equipment Summary                             SES
Tool and Equipment Bulletins                          TEB
Tool and Equipment Drawings                           TED
Tool and Equipment Index                              TEI
Illustrated Tool and Equipment Manual                 TEM
Technical Publications Combined Index                 TPCI
Trouble Shooting Manual                               TSM
</Table>

                                                                         LA4-103
<Page>

<Table>
<Caption>
NOMENCLATURE                                           Abbr
------------                                           ----
<S>                                                    <C>
STRUCTURAL MANUALS
Nondestructive Testing Manual                          NTM
Nacelle Structural Repair Manual                       NSRM
Structural Repair Manual                               SRM
OVERHAUL DATA
Component Documentation Status                         CDS
Component Evolution List                               CEL
Component Maintenance Manual - Manufacturer            CMMM
Component Maintenance Manual - Vendor                  CMMV
Cable Fabrication Manual                               CFM
ENGINEERING DOCUMENTS
Drawing Numerical Index                                DNI
Installation and Assembly Drawings                     IAD
Process and Material Specification                     PMS
Parts Usage (Effectivity)                              PU
Schedule (Drawing Nomenclature)                        S
Standards Manual                                       SM
MISCELLANEOUS PUBLICATIONS
Airplane Characteristics for Airport Planning          AC
ATA Index                                              ATAI
CADETS (Technical Publications Training)               CADE
Aircraft Recovery Manual                               ARM
Crash Crew Chart                                       CCC
Cargo Loading System Manual                            CLS
List of Applicable Publications                        LAP
List of Radioactive and Hazardous Elements             LRE
Livestock Transportation Manual                        LTM
Service Bulletins                                      SB
Service Information Letters                            SIL
Supplier Product Support Agreements                    SPSA
Transportability Manual                                TM
Vendor Information Manual                              VIM
Vendor Information Manual GSE                          VIM/
Vendor Product Support Agreements                      VPSA
Supplier Product Support Agreements                    SPSA
</Table>

                                                                         LA4-104
<Page>

          APPENDIX 1 TO EXHIBIT F - LICENSE FOR USE OF THE PERFORMANCE
                            ENGINEER'S PROGRAMS (PEP)

1              Grant

1.1            The Seller hereby grants the Buyer a [ * ] license to use the PEP
               during the term of this license ("PEP License") on up to [ * ]

1.2            The above grant shall [ * ]

2              Copies

2.1            Use of the PEP shall be limited to [ * ] copies.

2.2            The Buyer agrees to reproduce the copyright and other notices as
               they appear on or within the original media on any copies that
               the Buyer makes of the PEP.

3              Term

               The rights under the PEP License shall be granted to the Buyer
               for as long as the Buyer operates a Seller's Aircraft model to
               which the PEP is applicable. When the Buyer stops operating said
               Aircraft model, the Buyer shall use its best reasonable efforts
               to return the PEP, and any copies thereof, to the Seller,
               accompanied by a notice certifying that the Buyer has used its
               best reasonable efforts to return all such existing copies.

4              MERGING

               The PEP may be used and adapted in machine-readable form for the
               purpose of merging it into other program material of the Buyer,
               but on termination of this PEP License, the PEP shall be removed
               from the other program material with which it has been merged.

               The Buyer agrees to reproduce the copyright and other notices as
               they appear on or within, the original media in any program into
               which the PEP is merged.

5              Personal License

               The above-described PEP License is personal to the Buyer,
               nontransferable and nonexclusive.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                         LA4-105
<Page>

6              Installation

               It is the Buyer's responsibility to install the PEP and to
               perform any merging and checks.

7              Training

7.1            In addition to the performance programs user guide supplied with
               the PEP, training and other assistance will be provided in
               accordance with Sub-clause 1.4 of Appendix A to Clause 16 of the
               Purchase Agreement.

7.2            In addition, the Buyer will be allowed to [ * ] to any scheduled
               performance engineer class at the Seller's training centers,
               [ * ] classroom space permitting. The Buyer's attendees will be
               responsible for their own travel expenses.

8              Proprietary Rights

               The PEP and the copyright and other proprietary rights of
               whatever nature in the PEP are, and shall remain, with the
               Seller. The PEP and its contents are designated as confidential.

9              Copyright Indemnity

               The Seller shall defend and indemnify the Buyer against any claim
               that the normal use of PEP infringes on the intellectual property
               rights of any third party in accordance with terms and conditions
               of Condition 8 of this Letter Agreement, except that the words
               "best efforts", contained in Sub-condition 8.1.3, will be
               replaced, when Condition 8 is applied with respect to the PEP, by
               the words "best reasonable efforts", but so as not to materially
               impair the Buyer's ability to operate the Aircraft.

10             Confidentiality

               The Buyer undertakes not to disclose the PEP or parts thereof and
               its contents to any third party without the prior written consent
               of the Seller. In so far as it is necessary to disclose aspects
               of the PEP to employees, such disclosure is permitted only for
               the purpose for which the PEP is supplied and only to the
               employee who needs to know the same.

11             Conditions of Use

               The Buyer shall ensure that the PEP is correctly used in
               appropriate machines as described in the PEP delivery
               documentation and that staff are properly trained to use the same
               in accordance with the user guide.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                         LA4-106
<Page>

12             Warranty

12.1           The Seller warrants that the PEP is prepared in accordance with
               the state of art at the date of conception. Should the PEP be
               found to contain any non,conformity or defect, the Buyer shall
               notify the Seller promptly thereof and the sole and exclusive
               liability of the Seller under this PEP License shall be to
               correct the same at its own expense.

               Notwithstanding the provisions of this Sub-condition 12.1, the
               Seller indemnity described in Condition 8 of this Letter
               Agreement No. 4 will apply to copyright and patent infringement
               relating to the PEP, except that the words "best efforts"
               contained in Sub-condition 8.1.3 will be replaced, when Condition
               8 is applied with respect to the PEP, by the words "best
               reasonable efforts", but so as not to materially impair the
               Buyer's ability to operate the Aircraft.

12.2           SUBJECT TO THE PROVISIONS OF SUB-CONDITION 12.l OF THIS APPENDIX
               1 OF THIS EXHIBIT F AND CONDITION 8 OF THIS LETTER AGREEMENT, THE
               WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND
               REMEDIES OF THE BUYER SET FORTH IN THIS PEP LICENCE ARE EXCLUSIVE
               AND IN SUBSTITUTION FOR, AND THE BUYER HEREBY WAIVES, RELEASES
               AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES
               OF THE SELLER AND RIGHTS, CLAIMS AND REMEDIES OF THE BUYER
               AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING BY LAW OR
               OTHERWISE, WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN THE
               PEP DELIVERED UNDER THIS AGREEMENT, INCLUDING, BUT NOT LIMITED
               TO:

               (A)  ANY EXPRESS WARRANTY;

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

               (C)  ANY IMPLIED WARRANTY ARISING FROM THE COURSE OF PERFORMANCE,
                    COURSE OF DEALING OR USAGE OF TRADE;

               (D)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER
                    IN CONTRACT OR IN TORT AND WHETHER OR NOT ARISING FROM THE
                    SELLER'S ACTUAL OR IMPUTED NEGLIGENCE; AND

               (E)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS
                    OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY
                    OR PART THEREOF.

               THE SELLER SHALL HAVE NO OBLIGATION OR LIABILITY, HOWSOEVER
               ARISING, FOR LOSS OF USE, REVENUE OR PROFIT OR FOR ANY OTHER OF
               THE BUYER'S DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES WITH
               RESPECT TO ANY NON-CONFORMITY OR DEFECT IN THE PEP DELIVERED
               UNDER THIS AGREEMENT.

                                                                         LA4-107
<Page>

                     APPENDIX 2 TO EXHIBIT F - AOLS LICENSE

                                LICENSE AGREEMENT

                                     BETWEEN

                  AIRBUS NORTH AMERICA CUSTOMER SERVICES, INC.

                                       AND

                           FEDERAL EXPRESS CORPORATION

                           FOR AIRBUS ON-LINE SERVICES

                                                                         LA4-108
<Page>

                                LICENSE AGREEMENT

This License Agreement (the "Agreement") is made this 12th day of July, 2002 by
and between Airbus North America Customer Services, Inc., having its principal
corporate office located at 198 Van Buren Street, Suite 300, Herndon, Virginia
("AIRBUS NA CUSTOMER SERVICES") and Federal Express Corporation, having its
principal corporate office located at FEDERAL EXPRESS CORPORATION, 3610 Hacks
Cross Road Memphis, TN 38125 (the "User").

WHEREAS Airbus, G.I.E., ("Airbus") has developed and owns an original database
containing technical and commercial documentation and information on aircraft
manufactured by Airbus (as more fully defined below, the "Database"), which is
available via a set of services known as "Airbus On-Line Services" ("AOLS");

WHEREAS Airbus has granted a license for use of AOLS to access the Database to
its affiliate AVSA, S.A.R.L. ("AVSA") and AIRBUS NA CUSTOMER SERVICES has
obtained a license thereof from AVSA; and

WHEREAS AIRBUS NA CUSTOMER SERVICES's license entitles AIRBUS NA CUSTOMER
SERVICES to further sub-license the use of AOLS to the User under the terms and
conditions set forth herein (the "License"), and the User wishes to obtain such
License in order to have access to the Database through AOLS in its operation of
Airbus aircraft;

NOW THEREFORE, the parties, wishing to be mutually and legally bound, hereby
agree as follows:

1.             DEFINITIONS

               The following capitalized terms will have the meanings set forth
               below:

               "Access Procedure Kit"             the information necessary for
                                                  accessing the Database and
                                                  made available to the User
                                                  either online or on a CD-ROM.

               "Administrator"                    the person appointed by the
                                                  User to be responsible for
                                                  qualifying, suspending or
                                                  canceling the qualification of
                                                  an Authorized User, gathering
                                                  identification information
                                                  relative to such Authorized
                                                  User, applying to the
                                                  Certification Service-Provider
                                                  for the appropriate
                                                  Certificate, providing the
                                                  necessary access equipment,
                                                  registering the Authorized
                                                  User and the Authorized
                                                  User-related Certificate with

                                                                         LA4-109
<Page>

                                                  AIRBUS NA CUSTOMER SERVICES
                                                  and managing the Authorized
                                                  Users.

               "Authorized User"                  a natural person who has been
                                                  authorized by the
                                                  Administrator to access the
                                                  Database pursuant to this
                                                  Agreement.

               "Certificate"                      an electronic record (file)
                                                  that binds a Public Key to the
                                                  identity of the owner of a
                                                  Public - Private Key pair and
                                                  is signed by the Certificate
                                                  Service Provider.

               "Certificate Service Provider"     an entity or a legal or
                                                  natural person retained by
                                                  AIRBUS NA CUSTOMER SERVICES or
                                                  Airbus who issues Certificates
                                                  and/or provides other services
                                                  related to Electronic
                                                  Signatures

               "Data"                             the usual representation of a
                                                  piece of information collected
                                                  or produced on any medium so
                                                  as to facilitate its
                                                  processing on the Database.

               "Database"                         the Data of Airbus and AIRBUS
                                                  NA CUSTOMER SERVICES organized
                                                  in AOLS in such a manner as to
                                                  be used by (a) computer
                                                  programs forming distinct
                                                  applications to facilitate
                                                  electronic or
                                                  telecommunication data
                                                  exchange, and (b) computer
                                                  programs comprising the
                                                  necessary electronic elements
                                                  for the operation of such
                                                  Database, including a
                                                  thesaurus, a Database index,
                                                  viewing systems and Database
                                                  services, such as AOLS.

               "Electronic Signature"             data in electronic form which
                                                  are attached to, or logically
                                                  associated with, other
                                                  electronic data and which
                                                  serve as a method of
                                                  authentication.

               "Extracting"                       the temporary or permanent
                                                  transfer of Data from a
                                                  Database by any means or
                                                  media.

               "Multibase"                        a set of databases, which
                                                  compose the Database.

               "On-Line Help"                     on-line orientation and
                                                  assistance.

                                                                         LA4-110
<Page>

               "Public key"                       the public cryptographic key
                                                  used for the purpose of
                                                  verifying an Electronic
                                                  Signature.

               "Public Key Infrastructure"        the system organizing the
                                                  generation and distribution of
                                                  keys and Certificates.

               "Private Key"                      the private cryptographic key
                                                  used for the purpose of
                                                  creating an Electronic
                                                  Signature.

               "Smartcard"                        a card supplied by AIRBUS NA
                                                  CUSTOMER SERVICES, memorizing
                                                  the Administrator's identity,
                                                  personal password and Private
                                                  Key for use with the Reader
                                                  for authentication and
                                                  security purposes.

               "Smartcard Reader"                 an electronic device supplied
                                                  by AIRBUS NA CUSTOMER SERVICES
                                                  to be used with the Smartcard
                                                  for authentication of the
                                                  Administrator

               "Use"                              means viewing, Extracting,
                                                  reviewing, printing and
                                                  reproducing, on any media, of
                                                  Data from the Database

               "User Guide"                       means documentation, which may
                                                  be in electronic format,
                                                  designed to assist the
                                                  Authorized User to use the
                                                  Database.

2              GRANT OF LICENSE

               AIRBUS NA CUSTOMER SERVICES hereby grants, and User hereby
               accepts, a worldwide, fully-paid, royalty-free, non-exclusive,
               non-assignable and non-transferable License to the User for the
               Use of AOLS to access the Database under the terms and conditions
               set forth herein. Such License will be irrevocable, subject to
               the provisions of Condition 16 of this Exhibit F, Appendix 2.

3              LIMITATION OF RIGHTS

               The User shall be entitled to exercise its rights under this
               License through Authorized Users only and only for the purpose of
               maintaining and operating Airbus aircraft. Notwithstanding any
               provision that may be contained under this License, provided that
               the User and its maintenance provider enter into a Data License
               Agreement (DRA) with AIRBUS NA CUSTOMER SERVICES the User shall
               have the right to

                                                                         LA4-111
<Page>

               transfer any necessary Data and documentation to any of the
               User's maintenance providers as may be required for the
               maintenance and operation of Airbus aircraft.

4              TECHNICAL CHARACTERISTICS/ CONFIGURATION CHANGES

               AOLS Database technical characteristics are defined in
               Appendix l.

               The configuration of the Database, of the operating systems
               involved and of the relevant information systems are subject to
               adjustment, modification and improvement by Airbus or AIRBUS NA
               CUSTOMER SERVICES from time to time; neither AIRBUS NA CUSTOMER
               SERVICES nor Airbus shall be held liable for any consequences to
               User of such adjustments, modifications or improvements.

               Implementation of AOLS will not impede the User's access to
               technical documents to which it has access prior to such
               implementation.

5              ADMINISTRATOR AND AUTHORIZED USERS

5.l            The User shall appoint one (1) or more Administrators who shall
               be responsible for:

               (i)       gathering and screening identification information on
                         potential Authorized Users;

               (ii)      qualifying and managing Authorized Users and, where
                         appropriate, suspending or canceling the qualifications
                         thereof;

               (iii)     making application to the Certification Service
                         Provider for the appropriate Certificates;

               (iv)      registering the Authorized Users and the related
                         Certificates with AIRBUS NA CUSTOMER SERVICES

               (iv)      providing the network connections and equipment
                         (excluding the Smartcard and Smartcard Reader, which
                         are supplied by AIRBUS NA CUSTOMER SERVICES) necessary
                         to access AOLS.

5.2            Once an Authorized User obtains a Smartcard and a Certificate is
               properly issued for such Authorized User, the Authorized User
               shall access AOLS by logging onto the Airbus On-Line Services
               website in accordance with procedures set forth in the Access
               Procedure Kit made available to the User.

               The User is solely responsible for the choice of services
               accessed for defining its research strategy and for evaluating
               and defining the use of, the search results.

5.3            The User shall take every reasonable measure necessary to prevent
               unauthorized access to the Database, to the Data and to the
               documentation, including the User

                                                                         LA4-112
<Page>

               Guide, in accordance with the terms of this License. Positive
               authentication of an Authorized User shall render the User
               responsible in all respects for each and every transaction
               performed by such Authorized User and the User expressly waives
               any right to repudiate any transaction resulting from such Use.

5.4            The User Entity shall comply with the AOLS security procedures
               defined by Airbus and/or AIRBUS NA CUSTOMER SERVICES.

5.5            AIRBUS NA CUSTOMER SERVICES shall provide for initial training of
               up to three (3) Administrators at AIRBUS NA CUSTOMER SERVICES's
               designated site, at no cost to the User. The User shall be
               responsible for all costs associated with the transportation of
               the Administrators to AIRBUS NA CUSTOMER SERVICES site and shall
               bear all costs associated with hotel and personal allowances.

6.             DATABASE AVAILABILITY

               The Database shall be generally available to the User via the
               Airbus On-Line Services website on a 24 hours a day / 7 days a
               week basis. Notwithstanding the above, Airbus has reserved the
               right to suspend temporarily the access to AOLS where such
               suspension is necessary to address security problems, perform
               maintenance services, correct errors and bugs, update and/or
               upgrade the Database. AIRBUS NA CUSTOMER SERVICES will inform the
               User before any scheduled suspension, unless security concerns
               prevent such notification.

7.             ELECTRONIC LOGS

               The electronic logs produced by the information system supporting
               AOLS shall be evidence of the communications, transactions and
               payments made between AIRBUS NA CUSTOMER SERVICES and the User.
               AIRBUS NA CUSTOMER SERVICES will assure that such logs are stored
               in a reasonably secure manner and that the data contained in such
               logs are not modified following initial recording.

8.             ELECTRONIC SIGNATURE

               The use of digital Certificates together with the Smartcard
               Readers shall constitute the Electronic Signature of the User and
               the Authorized Users, authenticating the identities of both and
               of the Data communicated by and/or to each of them.

                                                                         LA4-113
<Page>

9              CERTIFICATES

               AIRBUS NA CUSTOMER SERVICES or Airbus will appoint a
               Certification Service Provider, who will provide for the issuance
               of certificates for three (3) Administrators and up to two
               hundred (200) Authorized Users.

               Such Certification Service Provider shall, upon the User's
               application, issue one (1) or more Certificates containing:

               (i)       the identification of the Certification Service
                         Provider;

               (ii)      the country in which such Certificate was issued:

               (iii)     the identification of the User and the Authorized User;

               (iv)      the User's and the Authorized User's Public Key
                         corresponding to the User's and the Authorized User's
                         Private Key(s);

               (v)       the identity code of the Certificate;

               (vi)      the Electronic Signature of the Certification Service
                         Provider issuing the Certificate, and

               (vii)     limitations, if any, on the scope of the Certificate

               All dues or fees charged by the Certification Service Provider
               shall be the responsibility of the User. Should AIRBUS NA
               CUSTOMER SERVICES become aware of the possibility or actuality of
               any such fees, it will inform the User as soon as practicable.

10.            PROTECTION OF INTELLECTUAL PROPERTY RIGHTS

10.1           The User acknowledges that AOLS, the Database and all
               documentation supplied in connection therewith, including the
               Airbus On-Line Services Catalog, the User Guide and all On-Line
               Help, are, and shall remain, the property of Airbus, and the User
               agrees to take no action inconsistent with Airbus' ownership
               rights in same. The User shall not deactivate the
               Database-integrated security system.

10.2           The User shall not make representations regarding, or market or
               promote, the Database or any Data from the Database, whether
               gratuitously or for consideration. The User shall not adapt,
               modify, alter, arrange or translate the Database for any reason,
               or alter the Database's architecture in any manner.
               Notwithstanding the foregoing, the User shall have the right to
               extract Data or any other information from the Database for its
               use as set forth under this License.

                                                                         LA4-114
<Page>

10.3           The User shall not use any information regarding the structure,
               content or operation of AOLS to create a database designed to
               compete with AOLS.

10.4           The User shall inform its Authorized Users of the terms of this
               Agreement and in particular of this Section 10, and shall take
               all other reasonable measures to prevent unauthorized access to
               the Database. The User shall preserve all copyright notations
               appearing on the Database, Data and documentation (including the
               User Guide and the Airbus On-Line Services Catalog), and on any
               media.

11.            INTELLECTUAL PROPERTY RIGHTS INDEMNITY

               AIRBUS NA CUSTOMER SERVICES shall indemnify the User against any
               claims that the normal Use of the Database infringes on the
               intellectual property rights of any third party, provided that
               the User (a) forthwith notifies AIRBUS NA CUSTOMER SERVICES of
               any such claim, (b) makes no admission or settlement of any
               claim, (c) allows AIRBUS NA CUSTOMER SERVICES to conduct the
               defense or settlement of such claim, and (d) provides AIRBUS NA
               CUSTOMER SERVICES with all reasonable assistance as may be
               requested in writing by AIRBUS NA CUSTOMER SERVICES in connection
               therewith and at AIRBUS NA CUSTOMER SERVICES's expense.

12.            WARRANTY

               AIRBUS NA CUSTOMER SERVICES, in its capacity as the "User," has
               obtained from Airbus, through its license with AVSA, the
               following warranty. AIRBUS NA CUSTOMER SERVICES hereby assigns to
               the User and the User hereby accepts, all of the rights and
               obligations of AIRBUS NA CUSTOMER SERVICES in its capacity as a
               "User" under the aforementioned license, and AIRBUS NA CUSTOMER
               SERVICES subrogates the User into all such rights and obligations
               in respect of the License. AIRBUS NA CUSTOMER SERVICES hereby
               warrants that it has the requisite authority to make the
               foregoing assignment and effect the foregoing subrogation to, and
               in favor of, the User and that it will not enter into any
               amendment of the provisions so assigned without the prior written
               consent of the User. Capitalized terms used in the following
               provisions have the meanings assigned thereto in this License,
               except that "User " refers to AIRBUS NA CUSTOMER SERVICES.

QUOTE

12.l           Airbus warrants that the Database has been developed in
               accordance with the state of art current as of the date of such
               development, taking into account the diversity of the information
               sources presented and the complexity of the information
               processing involved.

                                                                         LA4-115
<Page>

12.2           IN THE EVENT THAT THE DATABASE IS FOUND TO CONTAIN A DEFECT, THE
               LIABILITY OF AIRBUS NA CUSTOMER SERVICES SHALL BE LIMITED TO
               CORRECTION OF THE DEFECT AT ITS EXPENSE.

12.3           The above warranty shall not apply to:

               (i)       data transmission;

               (ii)      the performance of the website or the internet;

               (iii)     the telecommunications lines, information systems
                         hardware or software products, proprietary or
                         otherwise, interfacing with the Database, including the
                         browser;

               (iv)      malfunctions or defects attributable to the
                         availability or speed or other inherent limitations in
                         the world wide web or search engines employed with
                         respect thereto, or

               (v)       any consequence of the interface of the User's software
                         with the Database.

12.4           The User shall inform Airbus of any error or missing Data of
               which it may become aware during it use of the Database.

12.5           Waiver, Release and Renunciation

               THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF AIRBUS NA CUSTOMER
               SERVICES AND REMEDIES OF THE USER SET FORTH IN THIS AGREEMENT ARE
               EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE USER HEREBY WAIVES,
               RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS AND
               LIABILITIES OF AIRBUS AND RIGHTS, CLAIMS AND REMEDIES OF THE USER
               AGAINST AIRBUS NA CUSTOMER SERVICES, EXPRESS OR IMPLIED, ARISING
               BY LAW OR OTHERWISE, WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT
               IN THE DATABASE MADE AVAILABLE

               UNDER THIS AGREEMENT, INCLUDING, BUT NOT LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS;

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

               (C)  ANY IMPLIED WARRANTY ARISING FROM THE COURSE OF PERFORMANCE,
                    COURSE OF DEALING OR USAGE OF TRADE;

                                                                         LA4-116
<Page>

               (D)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER
                    CONTRACTUAL OR DELICTUAL AND WHETHER OR NOT ARISING FROM
                    AIRBUS'S NEGLIGENCE, ACTUAL OR IMPUTED; AND

               (E)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS
                    OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY
                    OR PART THEREOF.

               AIRBUS NA CUSTOMER SERVICES SHALL HAVE NO OBLIGATION OR
               LIABILITY, HOWSOEVER ARISING, FOR THE USER'S LOSS OF USE, REVENUE
               OR PROFIT OR FOR ANY OTHER OF THE USER'S DIRECT, INCIDENTAL OR
               CONSEQUENTIAL DAMAGES WITH RESPECT TO ANY NON-CONFORMITY OR
               DEFECT IN THE DATABASE MADE AVAILABLE UNDER THIS AGREEMENT.

UNQUOTE

13.            NONDISCLOSURE

               Except as set forth in this License, the User shall not disclose
               the Database, related documentation, or parts thereof, to any
               third party without the prior written consent of AIRBUS NA
               CUSTOMER SERVICES. Insofar as it is necessary to disclose aspects
               of the Database to employees, such disclosure is permitted only
               for the purpose for which the Database is supplied and only to
               the employee with a need to know.

14.            PERSONAL DATA PROTECTION

               If necessary under applicable law to protect the privacy of any
               personal data received regarding any of the User's or AIRBUS NA
               CUSTOMER SERVICES'S personnel, AIRBUS NA CUSTOMER SERVICES or the
               User, as applicable, will register such data with the relevant
               authority or authorities and shall inform the other party
               regarding the receipt or potential receipt of such data. Personal
               data may be accessed and any errors therein corrected by notice
               in writing to AIRBUS NA CUSTOMER SERVICES. The User shall notify
               Authorized Users of this right and shall itself abide by
               applicable rules on personal data protection. Nothing in this
               Paragraph 14 is intended by either party to grant access to the
               personal data of its personnel.

15.            EXCUSABLE DELAYS

15.l           Neither AIRBUS NA CUSTOMER SERVICES nor its affiliates shall be
               responsible for, or be deemed to be in default on account of,
               delays in availability of the services licensed hereunder due to
               causes reasonably beyond AIRBUS NA CUSTOMER SERVICES'S, Airbus's
               or their respective subcontractors' control, including, but not
               limited to the following: natural disasters, fires, floods,

                                                                         LA4-117
<Page>

               explosions or earthquakes, epidemics or quarantine restrictions,
               serious accidents, total or constructive total loss, any act of
               the government of the country of the User or the governments of
               the countries of Airbus or its subcontractors, war, insurrections
               or riots, failure of transportation, communications or services,
               strikes or labor troubles causing cessation, slow-down or
               interruption of services, inability after due and timely
               diligence to procure materials, accessories, equipment or parts,
               failure of a subcontractor or vendor to furnish materials,
               accessories, equipment or parts due to causes reasonably beyond
               such subcontractor's or vendor's control or failure of the User
               to comply with its obligations under this License (all of the
               foregoing defined as "Excusable Delay").

15.2           AIRBUS NA CUSTOMER SERVICES shall, as soon as practicable after
               becoming aware of any Excusable Delay, notify the User of such
               delay and of the probable duration thereof and shall, subject to
               the conditions as hereinafter provided and as soon as practicable
               after the removal of the cause or causes for the Excusable Delay,
               resume performance under this License.

15.3           Should an Excusable Delay continue for longer than three (3)
               months, either party may terminate this License with no further
               rights or obligations on the part of either party.

16.            TERMINATION

16.l           In the event of a material breach of any provision of this
               Agreement and/or the License by either party, which is not cured
               within thirty (30) days from the date of receipt of a written
               notice of such breach, the non-breaching party shall be entitled
               to terminate this Agreement and the License.

16.2           In the event of termination for cause, the User's rights to Use
               of the Database shall terminate and, unless such breach is
               attributable to gross negligence or willful misconduct on the
               part of AIRBUS NA CUSTOMER SERVICES, AIRBUS NA CUSTOMER SERVICES
               shall retain any amount paid for the then-current year.

17.            GENERAL PROVISIONS

17.1           Assignment

               Neither the Agreement nor the License may be assigned to a third
               party without the prior consent of the other party, except that
               AIRBUS NA CUSTOMER SERVICES may assign all or part of this
               Agreement to any Airbus member, shareholder or affiliate company.

17.2           Further Sublicense

               The User shall not be entitled to further sub-license this
               License absent the express written consent of AIRBUS NA CUSTOMER
               SERVICES.

                                                                         LA4-118
<Page>

17.3           Law

               This Agreement and the License are entered into and granted and
               shall be interpreted in accordance with the law of the State of
               New York, USA, without regard to any conflict of laws provisions
               which would result in the application of the law of any other
               jurisdiction.

17.4           Invalidity

               In the event that any provision of this Agreement is held to be
               legally ineffective or unenforceable, such provision shall be
               deemed deleted from this Agreement and the remainder of this
               Agreement shall remain in full force and effect.

17.5           Notices

               All notices and requests required or authorized hereunder shall
               be given in writing either by registered mail (return receipt
               requested) or by fax at the addresses set forth below. In the
               case of any such notice or request being given by registered
               mail, the date upon which it is received by the addressee or, in
               the case of a fax, the date the fax is recorded as "sent" by the
               sender's fax machine, shall be deemed to be the effective date of
               such notice or request. Such notices shall be sent:

               If to AIRBUS NA CUSTOMER SERVICES:
               Airbus North America Customer Services, Inc.
               198 Van Buren Street
               Suite 300
               Herndon, VA 20170

               If to the User:
               Federal Express Corporation
               3610 Hacks Cross Road
               Memphis, TN 38125

17.6           Entire Agreement

               This Agreement contains the entire understanding of the parties
               hereto regarding the subject hereof, and supercedes and renders
               void all other prior written or oral agreements thereon. This
               Agreement may not be amended except by a writing signed by both
               parties.

                                                                         LA4-119
<Page>

Wherefore, the AIRBUS NA CUSTOMER SERVICES and the User have agreed and have
executed this Agreement on the date first above written:

                                             AIRBUS NORTH AMERICA
                                             CUSTOMER SERVICES, INC.

                                             By:  /s/ CLYDE KIZER
                                                  ----------------------------

                                             Its: President & COO

FEDERAL EXPRESS CORPORATION

By:  /s/ JAMES R. PARKER
     ----------------------
     James R. Parker

Its:  Vice President

                                                                         LA4-120
<Page>

                    AIRBUS NA CUSTOMER SERVICES AOLS CATALOG

                         Exhibit 1 to License Agreement

                                                                         LA4-121
<Page>

AOLS MULTIBASE SERVICES

A.             AOLS Free Areas

               -    Technical Follow-Up (TFU)
               -    Modification Information Document (MID)
               -    All Operators Telex (AOT)
               -    Flight Operations Telex (FOT)
               -    Buyer Service Catalog

B.             AOLS Basic Services

l.             Engineering Technical Data Service (ETDS)

               The ETDS service will provide access, via a document index, to
               the contents of:

               -    Service Bulletins - issued since beginning of 1993 (SBs
                    after July 1997 in SGML;
               -    SBs between 1993 and July 1997 in PDF)
               -    Service Information Letter (SIL) - all
               -    Consignes de Navigabilite (CN) - all
               -    Quarterly Service Report (QSR) - all

               In addition, links between those documents are available through
               the service.

               SBs available in SGML format can be downloaded in SGML. Printing
               of all documents will be based on PDF format.

               Documents available through this Service are for all Airbus
               aircraft types.

2.             Flight Crew Operating Manual (FCOM) Service

               The FCOM service offers:

               -    Availability of the FCOM Vol l, Vol 2, Vol 3, Vol 4 on
                    CD-ROM.
               -    On-line consultation of the FCOM Vol l, Vol2, Vol3, Vol4.
               -    On-line consultation of the Operations Engineering Bulletins
                    (OEB) and the corresponding impacted FCOM procedures.
               -    On-line consultation of the Temporary Revisions (TR) related
                    to the FCOM documents.
               -    Possibility for end-users to download onto their personal
                    computer the latest TRs and OEBs released by Airbus.
                    Immediately after the latter are downloaded, the
                    consultation process on the personal computer takes the

                                                                         LA4-122
<Page>

                    information contained in the FCOM CD-ROM as baseline and
                    amends this information with the TRs' and OEBs' information.
               -    Possibility for users to provide Airbus with feedback
                    through an e-mail tool integrated within the application.

C.             AOLS Optional Services

1.             Airbus Drawing Access (AIDA)

               The AIDA service offers:

               -    Mechanical Drawings for all Airbus aircraft types.
               -    Data available: Drawing pictures (in raster format
                    (TIFF/CCITTG4)) and Parts List / Parts Usage (in PDF).
               -    Data access:

                    -    Access control: Information applicable to user fleet,
                    -    Direct access by Drawing Number, Parts List or Part
                         Number,
                    -    Top-down navigation by using the Parts Lists,
                    -    Bottom-up navigation by using the Parts Usage,
                    -    Printing and downloading of any drawing,
                    -    Back-up service: fax copy of the data.

                                                                         LA4-123
<Page>

AOLS TECHNICAL CHARACTERISTICS

1.             Workstation Specifications
               -    Hardware requirements

                    -    PC Pentium 11 200 MHz with 64 MB RAM (128 MB
                         recommended)
                    -    17-inche (20 inches recommended) screen
                    -    Screen resolution 1024X768 with 256 colors 1 GB hard
                         drive
                    -    Printer 300 dpi Laser A3/A4, Adobe-compliant

               -    Software requirements

                    -    Windows Compatibility
                    -    Netscape Navigator 4.51 or Internet Explorer 5.0 (or
                         higher)
                    -    Browser PDF plug-in: Acrobat Reader 3.01 or higher
                    -    TIFF browser plug-in recommendations:
                    -    ViewDirector Prizm 2.3 Company: TMS Sequoia
                         http://www.tmssequoia.com CSView 150 Company: CSU
                         Software Solutions
                         http://www.csu-software-solutions.com

2.             Network Specifications

               AIRBUS NA CUSTOMER SERVICES will support the following TCP/IP
               networks for accessing AOLS:

               -    SITA AeroNet - Internet
               -    ISDN/PSTN
               -    Direct lines (leased lines)

               The User has the choice of the network (company, bandwidth)
               according to its needs and budget, but AIRBUS NA CUSTOMER
               SERVICES recommends the following minimum configurations in terms
               of bandwidth for accessing services such as Airbus Drawing Access
               (AIDA):

               -    For intensive usage: 256 KBPS line
               -    For moderate usage: 128 KBPS line
               -    Minimum requirements: 56 KBPS line

3.             Certificate Specification

               Connection to AOLS requires a Certificate (standard X509)
               delivered via the User's Administrator. This Certificate shall be
               embedded into the User browser and protected by an eight (8)
               digit password.

               All procedures, rules and responsibilities associated with such
               Certificate are described in the Certificate Practice Statement
               (CPS).

                                                                         LA4-124
<Page>

                             APPENDIX 3 TO EXHIBIT F

                             DATA RELEASE AGREEMENT

THIS DATA RELEASE AGREEMENT (the "Agreement"), dated as of ____________, 200__
is between and among AIRBUS NORTH AMERICA CUSTOMER SERVICES, INC. with a place
of business is at 198 Van Buren Street, Suite 300, Herndon, VA 20170 ("ANACS"),
and FEDERAL EXPRESS CORPORATION whose place of business is at 3610 Hacks
Crossroad, Memphis, TN 38125, ("FedEx") and_________________, whose place of
business is at ______________________________ (the "Recipient").

                              W I T N E S S E T H:

          WHEREAS, FedEx desires to have released to the Recipient certain data,
identified in Attachment A to this Agreement, which is customized and/or
confidential to FEDEX as well as proprietary to ANACS, AVSA, S.A.R.L.
(hereinafter "AVSA") and/or Airbus (the "Data") and

          WHEREAS, ANACS is in possession of such Data and is willing to release
such Data to the Recipient, under the terms and conditions set forth below,

          NOW, THEREFORE, the parties hereto hereby agree as follows:

          1.   FedEx hereby authorizes ANACS to provide the Recipient with full
and complete copies of the Data and expressly waives, with respect to the Data
and its release under this Agreement, any and all obligations of ANACS, AVSA and
Airbus to maintain the confidentiality of such Data.

          2.   The Data are, and will remain, the exclusive property of ANACS,
AVSA and/or Airbus and may not be disclosed by FedEx or Recipient except as
provided herein.

          3.   The Recipient will, and will cause its employee(s) and any other
person who obtains any part of the Data through the Recipient to, preserve the
confidentiality of the Data. Except as provided in this Agreement, the Recipient
shall not:

               (i)  copy, reproduce, distribute or disclose, to any person,
               firm, entity or corporation, any of the Data (whether in oral,
               electronic or written form), or any facts related thereto; or

               (ii) permit any third party to have access to such Data.

          It is understood and agreed between and among the parties that ANACS
may transmit Data to the Recipient, and by the signatures of their authorized
representatives below, the Recipient and FedEx agree to be bound, and will
abide, by the terms and conditions of this Agreement.

                                                                         LA4-125
<Page>

          2.   The Recipient may provide the Data to its employees and
subcontractors, provided such employees and subcontractors:

               (i)       need to know the Data for any purpose agreed to by
                         FedEx and the Recipient which is not inconsistent with
                         this Agreement;

               (ii)      are informed of this Agreement; and

               (iii)     agree to be bound by this Agreement.

          3.   In the event that the Recipient or any person who has received
Data through the Recipient is requested in any judicial or governmental
proceeding to disclose the Data or any portion thereof, the Recipient will give
ANACS prompt notice of such request so that ANACS may seek an appropriate
protective order. If, in the absence of a protective order, the Recipient or any
such person is, nonetheless, advised by counsel that disclosure of the Data is
required by law, the Recipient may disclose such Data without liability
hereunder.

          4.   The term Data does not include any information that, as
demonstrated through production of credible evidence,

               (i)       becomes or has become generally available to the public
                         other than as a result of violation of this Agreement;

               (ii)      has been available on a non-confidential basis prior to
                         its disclosure hereunder;

               (iii)     is, or has been, developed or acquired independently by
                         personnel of the Recipient having no substantive
                         knowledge of the Data, or

               (iv)      becomes available on a non-confidential basis from a
                         third-party source.

          5.   It is a condition of ANACS's agreement to provide the Data as
requested by the FedEx and the Recipient that both FedEx and the Recipient agree
to indemnify and hold ANACS, AVSA and Airbus harmless from and against any and
all claims of third parties for injury, death or property damage arising in
connection with, or in any way related to, the use or possession by the
Recipient of the Data.

          6.   This Agreement does not require nor may it be implied that ANACS
shall be required to disclose any data hereunder.

          7.   It is agreed that an action for damages may not be an adequate
remedy for a breach of this Agreement by FedEx or the Recipient and that ANACS
may bring an action for equitable relief, including an action for an injunction.

                                                                         LA4-126
<Page>

          8.   It is understood and agreed between and among the parties that
ANACS, AVSA and/or Airbus are bound by confidentiality agreements with third
parties and shall not release information which is the subject of such
agreements, whether or not such information is related to, or is part of, the
Data.

          9.   Information transferred pursuant to this Agreement will be
protected from disclosure for the term of this Agreement, or for the duration of
the business arrangement between FedEx and the Recipient to which it relates,
whichever is longer.

          10.  This Agreement shall be effective on the date of execution and
shall remain in effect for the term of five (5) years.

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

          10.  THIS AGREEMENT WILL BE INTERPRETED AND ENFORCED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT APPLICATION OF ANY CONFLICT OF
LAWS PROVISIONS WHICH WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANY OTHER
JURISDICTION.

                                                                         LA4-127
<Page>

ACCEPTED AND AGREED this ____________day of ____________ 20___.

AIRBUS NORTH AMERICA CUSTOMER SERVICES, INC.

By:
   ----------------------------

Title:
      -------------------------

FEDERAL EXPRESS CORPORATION

By:
   ----------------------------

Title:
      -------------------------

[RECIPIENT]

By:
   ----------------------------

Title:
      -------------------------

                                                                         LA4-128
<Page>

                                                                       EXHIBIT G

                                   [39 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                         LA4-129
<Page>

                             LETTER AGREEMENT NO. 5

                                   [11 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA5-1
<Page>

                             LETTER AGREEMENT NO. 6

                                                      As of July 12, 2002

FEDERAL EXPRESS CORPORATION
3610 Hacks Cross Road
Memphis, TN 38125

Re: USED AIRCRAFT

Dear Ladies and Gentlemen:

          FEDERAL EXPRESS CORPORATION (the "Buyer") and AVSA, S.A.R.L. (the
"Seller"), have entered into an Airbus A380-800F Purchase Agreement, dated as of
even date herewith (the "Agreement"), which covers, among other things, the sale
by the Seller and the purchase by the Buyer of certain Aircraft, under the terms
and conditions set forth in said Agreement. The parties hereto have agreed to
set forth in this Letter Agreement No. 6 (the "Letter Agreement") certain
additional terms and conditions regarding the sale of the Aircraft provided for
in the Agreement. Capitalized terms used herein and not otherwise defined in
this Letter Agreement will have the meanings assigned thereto in the Agreement.
The terms "herein," "hereof" and "hereunder" and words of similar import refer
to this Letter Agreement.

The parties hereto agree that this Letter Agreement will constitute an integral,
non-severable part of said Agreement, that the provisions of said Agreement are
hereby incorporated herein by reference and that this Letter Agreement will be
governed by the provisions of said Agreement, except that if the Agreement and
this Letter Agreement have specific provisions that are inconsistent, the
specific provisions contained in this Letter Agreement will govern.

                                                                          LA06-1
<Page>

1.             [ * ]

1.1            Subsequent to the date of execution of this Agreement, the
               Seller, or one of its Affiliates [ * ]

1.2            [ * ]

1.3            [ * ]

2.             ASSIGNMENT

               Notwithstanding any other provision of this Letter Agreement or
               of the Agreement (but subject to the provisions of Sub-clause
               20.2 of the Agreement), this Letter Agreement, and the rights and
               obligations of the Buyer hereunder, shall 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 2 will be void
               and of no force or effect.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA06-2
<Page>

If the foregoing correctly sets forth our understanding, please execute the
original and one (1) copy hereof in the space below and return a copy to the
Seller.

                                                Very truly yours,

                                                AVSA, S.A.R.L.

                                                By: /s/ MARIE-PIERRE MERLE BERAL
                                                    ----------------------------
                                                     Marie-Pierre Merle-Beral

                                                Its: Chief Executive Officer

          Accepted and Agreed,

          FEDERAL EXPRESS CORPORATION

          By:  /s/ JAMES R. PARKER
               ------------------------------
                    James R. Parker

          Its: Vice President

                                                                          LA06-3
<Page>

                             LETTER AGREEMENT NO. 7

                                   [4 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA07-1
<Page>

                             LETTER AGREEMENT NO. 8

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA8-1
<Page>

                             LETTER AGREEMENT NO. 9

                                   [29 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                           LA9-1
<Page>

                             LETTER AGREEMENT NO. 10

                                   [12 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA10-1
<Page>

                            LETTER AGREEMENT NO. 11A

                                   [39 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                            LETTER AGREEMENT NO. 11B

                                   [41 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                             LETTER AGREEMENT NO. 12

                                   [31 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA12-1
<Page>

                             LETTER AGREEMENT NO.13

                                   [4 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA13-1
<Page>

                             LETTER AGREEMENT NO. 14

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA14-1
<Page>

                             LETTER AGREEMENT NO. 15

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA15-1
<Page>

                             LETTER AGREEMENT NO. 16

                                                      As of July 12, 2002

FEDERAL EXPRESS CORPORATION
3610 Hacks Cross Road
Memphis, TN 38125

Re: TAXES, DUTIES AND IMPOSTS

Dear Ladies and Gentlemen:

          FEDERAL EXPRESS CORPORATION (the "Buyer") and AVSA, S.A.R.L. (the
"Seller"), have entered into an Airbus A380-800F Purchase Agreement, dated as of
even date herewith (the "Agreement"), which covers, among other things, the sale
by the Seller and the purchase by the Buyer of certain Aircraft, under the terms
and conditions set forth in said Agreement. The parties hereto have agreed to
set forth in this Letter Agreement No. 16 (the "Letter Agreement") certain
additional terms and conditions regarding the sale of the Aircraft provided for
in the Agreement. Capitalized terms used herein and not otherwise defined in
this Letter Agreement will have the meanings assigned thereto in the Agreement.
The terms "herein," "hereof" and "hereunder" and words of similar import refer
to this Letter Agreement.

          The parties hereto agree that this Letter Agreement will constitute an
integral, non-severable part of said Agreement, that the provisions of said
Agreement are hereby incorporated herein by reference and that this Letter
Agreement will be governed by the provisions of said Agreement, except that if
the Agreement and this Letter Agreement have specific provisions that are
inconsistent, the specific provisions contained in this Letter Agreement will
govern.

1.             THE SELLER'S OBLIGATIONS

1.1            The Seller will bear, and pay [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA16-1
<Page>

               Notwithstanding the foregoing, the Seller will be liable for
               neither: [ * ]

               that are (a) imposed upon the Buyer, (b) imposed upon the Seller
               with an obligation on the Buyer to withhold or collect the amount
               thereof from the Seller, or (c) imposed upon the Buyer with an
               obligation on the Seller to withhold or collect such amount from
               the Buyer.

1.2            The Seller will arrange for the exportation of the Aircraft from
               the country of the Delivery Location and [ * ]

1.3            [ * ]

1.4            [ * ]

2.             THE BUYER'S OBLIGATIONS

2.1            The Buyer will bear, and pay [ * ]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA16-2
<Page>

               Notwithstanding the foregoing, the Buyer will be liable for
               neither: [ * ]

               that are (a) imposed upon the Seller, (b) imposed upon the Buyer
               with an obligation on the Seller to withhold or collect the
               amount thereof from the Buye, or (c) imposed upon the Seller with
               an obligation on the Buyer to withhold or collect such amount
               from the Seller.

2.2            The Buyer will arrange for the importation of the Aircraft into
               any country or jurisdiction [ * ]

3.             Either party may, at its expense and option, contest fully, or
               require the other party to contest fully, any claim that would
               require an indemnity payment. Where the Seller or the Buyer
               contests any such claim, the other party will have the right to
               participate in such contest, including, without limitation, the
               right to attend governmental or judicial conferences concerning
               such claim and the right to review and approve all submissions to
               any governmental or other authority. The party that receives any
               tax refund or tax credit (including any interest on such refund
               or credit) will pay such tax refund or tax credit to the other
               party, provided such other party had previously made an indemnity
               payment, less expenses incurred for which the other is liable
               (unless such expenses have been reimbursed).

4.             ASSIGNMENT

               Notwithstanding any other provision of this Letter Agreement or
               of the Agreement (but subject to the provisions of sub-clause
               20.2 of the Agreement), this Letter Agreement and the rights and
               obligations of the Buyer hereunder shall 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 4 will be void
               and of no force or effect.

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA16-3
<Page>

               If the foregoing correctly sets forth our understanding, please
execute the original and one (1) copy hereof in the space below and return a
copy to the Seller.

                                                Very truly yours,

                                                AVSA, S.A.R.L.

                                                By: /s/ MARIE-PIERRE MERLE BERAL
                                                    ----------------------------
                                                      Marie-Pierre Merle-Beral

                                                Its:  Chief Executive Officer

Accepted and Agreed,

FEDERAL EXPRESS CORPORATION

By:  /s/ JAMES R. PARKER
     ----------------------
     James R. Parker

Its: Vice President

                                                                          LA16-4
<Page>

                             LETTER AGREEMENT NO. 17

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA17-1
<Page>

                             LETTER AGREEMENT NO. 18

                                   [7 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA18-1
<Page>

                             LETTER AGREEMENT NO. 19

                                   [8 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA19-1
<Page>

                             LETTER AGREEMENT NO. 20

                                                      As of July 12, 2002

FEDERAL EXPRESS CORPORATION
3610 Hacks Cross Road
Memphis, TN 38125

Re: PROPULSION SYSTEM CHOICE

Dear Ladies and Gentlemen:

          FEDERAL EXPRESS CORPORATION (the "Buyer") and AVSA, S.A.R.L. (the
"Seller"), have entered into an Airbus A380-800F Purchase Agreement, dated as of
even date herewith (the "Agreement"), which covers, among other things, the sale
by the Seller and the purchase by the Buyer of certain Aircraft, under the terms
and conditions set forth in said Agreement. The parties hereto have agreed to
set forth in this Letter Agreement No. 20 (the "Letter Agreement") certain
additional terms and conditions regarding the sale of the Aircraft provided for
in the Agreement. Capitalized terms used herein and not otherwise defined in
this Letter Agreement will have the meanings assigned thereto in the Agreement.
The terms "herein," "hereof" and "hereunder" and words of similar import refer
to this Letter Agreement.

          The parties hereto agree that this Letter Agreement will constitute an
integral, non-severable part of said Agreement, that the provisions of said
Agreement are hereby incorporated herein by reference and that this Letter
Agreement will be governed by the provisions of said Agreement, except that if
the Agreement and this Letter Agreement have specific provisions that are
inconsistent, the specific provisions contained in this Letter Agreement will
govern.

                                                                          LA20-1
<Page>

1.             PROPULSION SYSTEM CHOICE

               In accordance with Sub-clause 2.3 of the Agreement, the Buyer has
               elected to equip each of the Firm Aircraft with four (4) GE-P&W
               Engine Alliance GP7277 Propulsion Systems.

2.             ASSIGNMENT

               Notwithstanding any other provision of this Letter Agreement or
               of the Agreement, (but subject to the provisions of Sub-clause
               20.2 of the Agreement), this Letter Agreement, and the rights and
               obligations of the Buyer hereunder, 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 2 will be void
               and of no force or effect.

                                                                          LA20-2
<Page>

If the foregoing correctly sets forth our understanding, please execute the
original and one (1) copy hereof in the space below and return a copy to the
Seller.

                                                Very truly yours,

                                                AVSA, S.A.R.L.

                                                By: /s/ MARIE-PIERRE MERLE BERAL
                                                    ----------------------------
                                                      Marie-Pierre Merle-Beral

                                                Its:  Chief Executive Officer

          Accepted and Agreed,

          FEDERAL EXPRESS CORPORATION

          By:  /s/ JAMES R. PARKER
               -------------------------
                James R. Parker

          Its:  Vice President

                                                                          LA20-3
<Page>

                             LETTER AGREEMENT NO. 21

                                   [3 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

                                                                          LA21-1
<Page>

                 [Related side agreement consisting of 4 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                [Related side agreement consisting of 25 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.

<Page>

                 [Related side agreement consisting of 8 pages*]

*    Blank spaces contained confidential information which has been filed
     separately with the Securities and Exchange Commission pursuant to Rule
     24b-2 under the Securities Exchange Act of 1934, as amended.<Page>

                                                                    EXHIBIT 10.2

                           FIRST AMENDMENT TO ADDENDUM

     THIS FIRST AMENDMENT TO THE ADDENDUM ("Amendment") dated the 3rd day of
April, 2002, amends the Addendum to the Transportation Agreement dated December
13, 2001 (the "Addendum") between the United States Postal Service ("USPS") and
Federal Express Corporation ("FedEx").

                                    PREAMBLE

     WHEREAS, USPS and FedEx entered into an Addendum to the Transportation
Agreement in order to accommodate the need by USPS to transport Product over and
above the Minimum Guaranteed Volumes provided for under the Agreement;

     WHEREAS, USPS has determined that some of its volume requirements exceed
those already provided for under the Addendum and has requested FedEx to
transport such additional volume and FedEx is willing to transport such Product
subject to the terms and conditions set forth in this Amendment and the
Addendum;

     NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Amendment, the parties agree as follows:

     1.   For purposes of this Agreement, all capitalized terms used as defined
terms and not otherwise defined in this Amendment shall have meanings set forth
in the Addendum and the Agreement.

     2.   The Weekday Volume Commitments and Weekend Volume Commitments for the
months of [ * ] of the Interim Period as set forth in Section 2(b) of the
Addendum are revised as follows:

                                      [ * ]

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

<Page>

     3.   Except as amended by this Amendment, the terms and conditions of the
Addendum shall remain in full force and effect and are ratified and confirmed in
all respects.

     IN WITNESS WHEREOF, the parties have signed this Amendment in duplicate,
one for each of the Parties, as of April 3, 2002.

                                     THE UNITED STATES POSTAL SERVICE

                                     By: /s/ LESLIE A. GRIFFITH
                                         ---------------------------------------
                                     Title: Contracting Officer

                                     FEDERAL EXPRESS CORPORATION

                                     By: /s/ PAUL J. HERRON
                                         ---------------------------------------
                                     Title: VP - Postal Transportation

                                        2
<Page>

                          SECOND AMENDMENT TO ADDENDUM

     THIS SECOND AMENDMENT TO THE ADDENDUM ("Amendment") dated the 26th day of
April, 2002, amends the Addendum to the Transportation Agreement dated December
13, 2001 (the "Addendum") between The United States Postal Service ("USPS") and
Federal Express Corporation ("FedEx").

                                    PREAMBLE

     WHEREAS, USPS and FedEx entered into an Addendum to the Transportation
Agreement in order to accommodate the need by USPS to transport Product over and
above the Minimum Guaranteed Volumes provided for under the Agreement;

     WHEREAS, USPS has determined that some of its volume requirements exceed
those already provided for under the Addendum and has requested FedEx to
transport such additional volume and FedEx is willing to transport such Product
subject to the terms and conditions set forth in this Amendment and the
Addendum;

     NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Amendment, the parties agree as follows:

     1.   For purposes of this Amendment, all capitalized terms used as defined
terms and not otherwise defined in this Amendment shall have meanings set forth
in the Addendum and the Agreement.

     2.   The Weekday Volume Commitments and Weekend Volume Commitments for the
months of [ * ] of the Interim Period as set forth in Section 2(b) of the
Addendum are revised as follows:

                                      [ * ]

The Minimum Daily Weekend Volume Commitment will be met if the average of the
combined volumes tendered for transport on Saturday and Sunday of each week
equal or exceed the stated volume requirement. For example, a Minimum Daily
Weekend

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

<Page>

Volume Commitment of [ * ] will be met if USPS tenders [ * ] on Saturday and
[ * ] on Sunday.

     * These amounts include the following maximum volumes into and out of the
following offshore locations:

                                      [ * ]

     3.   Except as amended by this Amendment, the terms and conditions of the
Addendum shall remain in full force and effect and are ratified and confirmed in
all respects.

     IN WITNESS WHEREOF, the parties have signed this Amendment in duplicate,
one for each of the Parties, as of April 26, 2002.

                                     THE UNITED STATES POSTAL SERVICE

                                     By: /s/ LESLIE A. GRIFFITH
                                         ---------------------------------------
                                     Title: Contracting Officer

                                     FEDERAL EXPRESS CORPORATION

                                     By: /s/ PAUL J. HERRON
                                         ---------------------------------------
                                     Title: VP - Postal Transportation

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

                                        2
<Page>

                                 SECOND ADDENDUM

     THIS SECOND ADDENDUM ("Second Addendum"), dated the 29th day of August,
2002, revises and supplements the Transportation Agreement between the United
States Postal Service ("USPS" or "the Postal Service") and Federal Express
Corporation ("FedEx").

                                BACKGROUND FACTS

     On January 10, 2001, USPS and FedEx entered into the Transportation
Agreement ("Agreement") which states that FedEx will provide for the
transportation of certain USPS Products.

     On December 13, 2001, USPS and FedEx entered into the Addendum to the
Agreement ("Addendum") due to the USPS' immediate need for the transportation of
its Product over and above the Minimum Guaranteed Volumes listed in the
Agreement.

     On April 3, 2002 and April 26, 2002, USPS and FedEx entered into the First
Amendment to the Addendum and the Second Amendment to the Addendum,
respectively.

     The parties agreed to reconvene before the end of July 2002 to negotiate
and agree about both parties' transportation needs beyond the October 27, 2002
Interim Period covered by the Addendum and the First and Second Amendments to
the Addendum. This agreement is a result of those negotiations. The parties
agree to extend the Interim Period provided for in the Addendum, subject to the
following terms:

                                    AGREEMENT

     1.   DEFINITIONS

For the purposes of this Second Addendum, capitalized terms used as defined
terms and not otherwise defined in this Second Addendum shall have the meanings
outlined in the Agreement. The following additional terms shall have the
following meaning:

     "Billable Weekday Volume" means the greater of the actual Mid-week Volume
tendered by USPS to FedEx during the Schedule Period or [ * ] of the aggregate
Daily Mid-Week Volume Commitment for the Schedule Period.

     "Billable Weekend Volume" means the greater of the actual Weekend Volume
tendered by USPS to FedEx during the Schedule Period or [ * ] of the aggregate
Daily Weekend Volume Commitment for the Schedule Period.

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

<Page>

     "Daily Mid-week Volume Commitment" means the daily volume committed for
transport during the Day Turn Operations on Tuesday through Friday of a week for
a Schedule Period.

     "Daily Weekend Volume Commitment" means the volume committed for transport
during the Day Turn Operations on Saturday and Sunday of a week for a Schedule
Period.

     "Interim Period" means the period of time commencing October 28, 2002 and
terminating June 1, 2003.

     "Non-Widely Observed Holiday" means Veteran's Day, Martin Luther King Day,
and President's Day.

     "Offshore Locations" means [ * ].

     "Operating Day" means any day other than a Monday or a FedEx Holiday.

     "Revised Schedule Period Request Forecast" means the volume forecasting
document which USPS will provide to FedEx after the Schedule Period Request
Forecast. USPS will provide the Revised Schedule Period Request Forecast no
later than 118 calendar days prior to each Schedule Block Implementation Date.

     "Trucking Location" means a location specified on Exhibit A, attached.

     "Weekend Volume" means volume transported during the Day Turn Operations on
Saturday and Sunday of a week.

     2.   VOLUME

          (a)  During the Interim Period, the Committed Volume and the Committed
Volume Schedule will be as set forth in the following table:

                                      [ * ]

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

                                        2
<Page>

          (b)  During the Interim Period, (excluding the peak period of December
10-22, 2002) USPS will tender and FedEx must transport between [ * ] of the
Committed Volume for each applicable Schedule Block listed in the chart above.

               For the period December 10 through 22, 2002, USPS will tender and
FedEx must transport between [ * ] of the Committed Volume listed above.

          (c)  For the time period December 10-22, 2002, the Postal Service
requested Daily Mid-week Volume Commitment and Daily Weekend Volume Commitment
of [ * ]. Although the parties could not agree to that amount prior to the
signing of this Second Addendum, FedEx will continue to work on their network
design and will inform the Postal Service of their increased Daily Mid-week
Volume Commitment cubic feet number and Daily Weekend Volume Commitment cubic
feet number no later than 30 days after the date this Second Addendum is
executed.

          (d)  For the April, May, 2003 Schedule Block, shown herein as having a
range of between [ * ], the Postal Service will, not later than 30 days after
the date this Second Addendum is executed, revise the Daily Mid-week Volume
Commitment to have a range of not more than [ * ] with the understanding that
the Minimum Daily Mid-week Volume Commitment shall be no less than [ * ].

     3.   SCHEDULE PERIOD REQUEST FORECAST

Section 3.3.0 of the Agreement is hereby modified for the Interim Period as
follows: For any Schedule Period in which the USPS Schedule Period Request
Forecast is greater than [ * ] the USPS shall deliver to FedEx a Revised
Schedule Period Request Forecast no later than [ * ] prior to each Schedule
Block Implementation Date. In the Revised Schedule Period Request Forecast, the
Postal Service can [ * ].

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

                                        3
<Page>

If USPS does not make the Revised Schedule Period Request Forecast available by
the required deadline, the Schedule Period Request Forecast shall be used.

     4.   NON-FUEL TRANSPORT

During the Interim Period, FedEx will invoice USPS for the non-fuel transport
portion of the Day System pricing at the rates provided below:

                                      [ * ]

     5.   NO NON-WIDELY OBSERVED HOLIDAY

During the Interim Period, the parties agree that for those months in which
there is no Non-Widely Observed Holiday (i.e. December 2002, March, 2003, April,
2003 and May, 2003), the monthly billed volume will be computed on the following
basis:

                                      [ * ]

     6.   NON-WIDELY OBSERVED HOLIDAYS

The parties agree that during those months within the Interim Period in which
there is a Non-Widely Observed Holiday (i.e. November, 2002, January, 2003 and
February, 2003), [ * ].

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

                                        4
<Page>

     7.   BYPASS CONTAINER HANDLING CHARGE

During the Interim Period, FedEx and the USPS agree that notwithstanding the
provisions of Exhibit B, paragraph A(3) of the Agreement, USPS shall be invoiced
a handling charge of [ * ] for packages unloaded from By-pass ULDs which are
destined to a Trucking Location. FedEx and USPS agree to the following
methodology to simplify invoicing:

                                      [ * ]

     8.   DENSITY

The provisions of Exhibit B, paragraph A, subparagraphs 1 and 2 of the Agreement
will be revised for the Interim Period to eliminate the cubic footage conversion
factor of [ * ].

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

                                        5
<Page>

     9.   14-DAY BY-PASS MATRIX REVIEW

Section 3.6.0 of Exhibit A, Operating Specifications, is hereby modified for the
Interim Period as follows:

                                      [ * ]

     10.  PRIOR AGREEMENTS TO BE EXTENDED

            (a)  PRELIMINARY NETWORK FLOW

Notwithstanding the provisions of Section 3.6.0 of the Operating Specifications,
during the Interim Period, the parties agree that FedEx will not be required to
furnish USPS with the Preliminary Network Flow document.

            (b)  SATURDAY VOLUME

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

                                        6
<Page>

Attachment 1 of the Agreement is hereby modified for the remaining Term of the
Agreement as follows:

                                      [ * ]

            (c)  SERVICE FOR OFFSHORE LOCATIONS

                 The Market Service Commitment Time provided for in Attachments
1 and 2 to Exhibit A for volume to or from the Offshore Locations will be
adjusted by [ * ]. If USPS requests FedEx to accept for transport an amount in
excess of the maximum volumes for the Offshore Locations but FedEx is unable to
transport the excess volume to such destination by such adjusted Market Service
Commitment Time, FedEx shall tender such excess volume to the gateway for the
destination not later than the adjusted Market Service Commitment Time. The
gateway locations for the following destinations are:

                                      [ * ]

     11.  FULL FORCE AND EFFECT

     Except as amended by this Second Addendum, the terms and conditions of the
Agreement shall remain in full force and effect and are ratified and confirmed
in all other respects.

     12.  PROVISION CONFLICT

     If any provision of this Second Addendum conflicts with any provision of
the Agreement, the provision of the Agreement shall govern, unless otherwise
provided for in the Addendum.

     The parties have signed this Second Addendum in duplicate, one for each of
the parties, as of August 29, 2002.

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

                                        7
<Page>

                                     THE UNITED STATES POSTAL SERVICE

                                     By: /s/ LESLIE A. GRIFFITH
                                         ---------------------------------------

                                     Printed Name: Leslie A. Griffith

                                     Printed Title: Manager, Air Transportation

                                     FEDERAL EXPRESS CORPORATION

                                     By: /s/ PAUL J. HERRON
                                         --------------------------------------

                                     Printed Name: Paul J. Herron

                                     Printed Title: VP - Postal Transportation

                                        8
<Page>

                                    EXHIBIT A

                                     TO THE

                                 SECOND ADDENDUM

The Trucking Locations are as follows:

                                      [ * ]

The list of Trucking Locations may be amended during the Interim Period by
mutual agreement of the parties.

451173.1

*  Blank spaces contained confidential information which has been filed
   separately with the Securities and Exchange Commission pursuant to Rule 24b-2
   under the Securities Exchange Act of 1934, as amended.

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