Document:

Exhibit

Execution Version

SECURITY AGREEMENT  
RATIFICATION 

SECURITY AGREEMENT RATIFICATION dated as of April 6, 2017 (this “Agreement”), among JETBLUE AIRWAYS CORPORATION, a corporation duly organized and validly existing under the laws of the State of Delaware (the “Borrower”) and CITIBANK, N.A., as administrative agent for the parties defined as “Lenders” under the Security Agreements  (as defined below) and the Amended and Restated Credit Agreement dated as of the date hereof between, among others, the Borrower and CITIBANK, N.A. (in such capacities, together with its successors in such capacities, the “Administrative Agent”).

WHEREAS, the parties hereto are party to the Slot and Gate Security Agreement dated as of April 23, 2013 (the “Slot and Gate Security Agreement”) and the Mortgage and Security Agreement (Spare Parts) dated as of December 23, 2013 (the “Spare Parts Mortgage” and together with the Slot and Gate Security Agreement, the “Security Agreements”), executed and delivered in connection with a Credit and Guaranty Agreement dated as of April 23, 2013, as amended by the First Amendment to Credit and Guaranty Agreement dated as of November 23, 2014 (the “Existing Credit Agreement”) between, among others, the Borrower, the lenders party thereto and Citibank, N.A., as Administrative Agent.  

WHEREAS, concurrently with the execution and delivery hereof, the Existing Credit Agreement is being amended and restated in its entirety pursuant to an  Amended and Restated Credit and Guaranty Agreement dated as of the date hereof (the “Restated Credit Agreement”) between, among others, the Borrower, the lenders party thereto, and Citibank, N.A. as Administrative Agent.

WHEREAS, the Borrower expects to realize, or has realized, substantial direct and indirect benefits as a result of the Restated Credit Agreement.

WHEREAS, the Borrower reaffirms its pledge and grant of a security interest in its respective Collateral (as defined in the Slot and Gate Security Agreement and Spare Parts Mortgage, respectively) and confirms that the security interests granted by it under the Security Agreements shall continue in full force and effect with respect to the Restated Credit Agreement.

NOW THEREFORE, the parties hereto agree as follows:

Section 1.  Definitions.  Each capitalized term used and not otherwise defined herein has the meaning assigned to such term in the Restated Credit Agreement.

Section 2.  Reaffirmation.  The Borrower, by its execution of this Agreement (i) reaffirms its pledge and grant to the Administrative Agent for the benefit of the Secured Parties a security interest in its respective Collateral (as defined in the Slot and Gate 

Security Agreement) to secure the Obligations, (ii) reaffirms its pledge and grant  to the Administrative Agent for the benefit of the Secured Parties a security interest in its respective Collateral (as defined in the Spare Parts Mortgage) and (iii) confirms and ratifies that all of its obligations and the security interests granted by it under the Security Agreements shall continue in full force and effect in favor of the Administrative Agent for the benefit of the Secured Parties (as defined therein) with respect to the Existing Credit Agreement as restated by the Restated Credit Agreement and as supplemented by this Agreement.

Section 3.  Severability.  Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

Section 4.  Successors and Assigns.  This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.

Section 5.  Counterparts.  This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.   This Agreement shall be binding on each Lender that has executed this Agreement irrespective of whether or not any other Lender has executed a signature page to this Agreement.

Section 6.  No Novation.  Neither this Agreement nor the execution, delivery or effectiveness of the Restated Credit Agreement shall extinguish the obligations outstanding under the Existing Credit Agreement, the Restated Credit Agreement or the Security Agreements or discharge or release the Lien or priority of the Security Agreements or any other security therefor.  Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Existing Credit Agreement, the Restated Credit Agreement or the Security Agreements, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith.  Nothing implied in this Agreement, the Restated Credit Agreement or the Security Agreements  shall be construed as a release or other discharge of the Borrower under the Existing Credit Agreement or the Security Agreements.  Each of the Existing Credit Agreement and the Security Agreements shall remain in full force and effect, until (as applicable) and except to any extent modified hereby or in connection herewith. 

Section 7.  Applicable Law.  This Agreement shall be construed in accordance with and governed by the law of the State of New York.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have caused this Security Agreement Ratification to be duly executed and delivered as of the day and year first above written.

JETBLUE AIRWAYS CORPORATION,
as Borrower

		
	By:
	/s/ Stephen J. Priest     
Name:  Stephen J. Priest
Title:   Chief Financial Officer

    

Security Agreement Ratification
JetBlue 2017

    
CITIBANK, N.A., 
as Administrative Agent

		
	By:
	/s/ Meghan O'Connor     
Name: Meghan O'Connor
Title: Vice President

Security Agreement Ratification
JetBlue 2017Exhibit

EXHIBIT 10.3

AMENDMENT NO. 6

to the A320 Family Aircraft Purchase Agreement

Dated as of October 19, 2011

Between

AIRBUS S.A.S.

And

JETBLUE AIRWAYS CORPORATION

This Amendment No. 6 (hereinafter referred to as the “Amendment”) is entered into as of April 11th, 2017 between Airbus S.A.S. a société par actions simplifiée, created and existing under French law, having its registered office at 1 Rond-Point Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”) and JetBlue Airways Corporation, a corporation organized under the laws of Delaware having its principal corporate offices at 27-01 Queens Plaza North, Long Island City, New York 11101 (formerly 118-29 Queens Boulevard, Forest Hills, New York 11375), United States of America (the “Buyer”).

WHEREAS, the Buyer and the Seller entered into an A320 Family Purchase Agreement dated as of October 19, 2011, relating to the sale by the Seller and the purchase by the Buyer of certain firmly ordered Airbus A320 family aircraft, which together with all amendments, exhibits, appendices, and letter agreements attached thereto is hereinafter called the “Agreement”.

WHEREAS, the Buyer and the Seller wish to amend the Agreement to reflect, among other things, the rescheduling of certain aircraft.

NOW THEREFORE, SUBJECT TO THE TERMS AND CONDITIONS SET FORTH HEREIN, IT IS AGREED AS FOLLOWS:

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The capitalized terms used herein and not otherwise defined in this Amendment will have the meanings assigned to them in the Agreement. Except as used within quoted text, the terms “herein”, “hereof”, and “hereunder” and words of similar import refer to this Amendment.

1      DEFINITIONS
		
	1.1
	Clause 0 to the Agreement is amended to either modify or add the following defined terms between the words “QUOTE” and “UNQUOTE”:

QUOTE

PW1127G-JM Propulsion System – replaces the term “PW 1127G Propulsion Systems” defined in Clause 3.2.3 of the Agreement.

CFM LEAP 1A26 Propulsion System – replaces the term “CFM LEAP X-1A26 Propulsion System” defined in Clause 3.2.2 of the Agreement.

CFM Propulsion System – the CFM 56-5B3/3 Propulsion System as set out in Clause 3.2.5 of the Agreement.

CFM Propulsion Systems Reference Price (CEO) – as defined in Part 5 of Exhibit C to the Agreement.

Propulsion System – the CFM LEAP 1A24 Propulsion System, the CFM LEAP 1A26 Propulsion System, the CFM LEAP 1A32 Propulsion System, the CFM LEAP 1A33 Propulsion System, the IAE V2527-A5 Propulsion Systems, the IAE V2533-A5 Propulsion Systems, the CFM 56-5B3/3 Propulsion System, the PW1124G-JM Propulsion System, the PW1127G-JM Propulsion System and the PW1133G-JM Propulsion System, as applicable.

Scheduled Delivery Period – for each Aircraft, the Scheduled Delivery Year, Scheduled Delivery Quarter or Scheduled Delivery Month of such Aircraft, as applicable.

UNQUOTE

2    INTENTIONALLY LEFT BLANK
3    INTENTIONALLY LEFT BLANK
4    INTENTIONALLY LEFT BLANK
5    DELIVERY
		
	5.1
	The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402135 is hereby amended from [***] 2018 to [***] 2019.

[***]  Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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	5.2
	The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402136 is hereby amended from [***] 2018 to [***] 2019.

		
	5.3
	The Scheduled Delivery Period for the Incremental A321 NEO Aircraft bearing CACiD number 10002778 is hereby amended from [***] 2018 to [***] 2019.

		
	5.4
	The Scheduled Delivery Period for the Additional A321 Aircraft bearing CACiD number 10054097 is hereby amended from [***] 2019 to [***] 2018.

		
	5.5
	The Scheduled Delivery Period for the Additional A321 Aircraft bearing CACiD number 10054098 is hereby amended from [***] 2019 to [***] 2018.

		
	5.6
	The Scheduled Delivery Period for the Additional A321 Aircraft bearing CACiD number 10054099 is hereby amended from [***] 2019 to [***] 2018.

		
	5.7
	The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402138 is hereby amended from [***] 2019 to [***] 2023.

		
	5.8
	The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402133 is hereby amended from [***] 2019 to [***] 2023.

		
	5.9
	The Scheduled Delivery Period for the Converted A321 NEO Aircraft bearing CACiD number 402139 is hereby amended from [***] 2019 to [***] 2023.

		
	5.10
	Schedule 1 to the Agreement is deleted in its entirety and replaced by the Amended and Restated Schedule 1 (the “Amended and Restated Schedule 1”) attached hereto as Appendix 1.

		
	5.11
	It shall be the Buyer’s sole responsibility to ensure, without any intervention necessary from the Seller, that all of the BFE Suppliers are notified of and accept the rescheduling set forth in Clauses 5.1 to 5.10 above without the Seller incurring any costs, losses, expenses, additional obligations, penalties, damages or liabilities of any kind by reason of such rescheduling, and the Buyer will indemnify and hold the Seller harmless against any and all of such costs, losses, expenses, additional obligations, penalties, damages or liabilities so incurred by the Seller unless such costs, losses, expenses, additional obligations, penalties, damages or liabilities are a result of the Seller’s gross negligence or willful misconduct.

		
	5.12
	The Buyer shall enter into discussions directly with the relevant Propulsion System manufacturer to amend the relevant propulsion systems agreement(s) in order to reflect the rescheduling set out in Clauses 5.1 to 5.10 above and will indemnify and hold the Seller harmless against any and all costs, losses, expenses, obligations, penalties, damages or liabilities so incurred by the Seller in the event that the Buyer fails to perform its obligations as set out under this Clause 5.12 unless such costs, losses, expenses, additional obligations, penalties, damages or liabilities are a result of the Seller’s gross negligence or willful misconduct.

6     INTENTIONALLY LEFT BLANK

[***]  Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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7     OTHER AMENDMENTS
		
	7.1
	Letter Agreement No. 5H (A321 Aircraft Performance Guarantee – (CFM 56-5B3/3 engines)), as appended to Appendix 3 to this Amendment, shall be incorporated into and deemed an integral part of Letter Agreement No. 5 to the Agreement.

		
	7.2
	Clause 22.2 of the Agreement is deleted in its entirety and replaced with the following quoted text:

QUOTE

22.2    Notices

		
	22.2.1 
	All notices and requests required or authorized hereunder will be given in writing either by personal delivery to an authorized 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:

Airbus S.A.S.
Attention: Senior Vice President Contracts
1, Rond Point Maurice Bellonte
31707 Blagnac Cedex,
France

The Buyer will be addressed at:

JetBlue Airways Corporation
Attention: Executive Vice President and General Counsel
27-01 Queens Plaza North
Long Island City,
New York 11101
United States of America
Fax: +1-718-709-3631

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

		
	22.2.2 
	Notwithstanding the foregoing, the Seller and the Buyer agree that the following notices may alternatively be given to the Buyer in writing, by way of an email (in lieu of a physical copy) sent to the Buyer:

		
	(a)
	notice of the date when the Technical Acceptance Process of the Aircraft will commence, as provided for under Clause 8.1.2 of the Agreement, and

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	(b)
	notice of the Scheduled Delivery Quarter and Scheduled Delivery Month of the Aircraft, as applicable, as provided for under Clauses 9.1.1 and 9.1.2 of the Agreement, and

		
	(c)
	notice of the anticipated week on which the Aircraft will be Ready for Delivery, as provided for under Clause 9.1.3 of the Agreement, and

		
	(d)
	notice of the anticipated date on which the Aircraft will be Ready for Delivery, as provided for under Clause 9.1.4 of the Agreement;

each such notice being individually and collectively referred to as the “Aircraft Notice”.

Aircraft Notice(s) may be sent to the Buyer by email, to the following addressees, at the following email addresses:

		
	•
	Steve Priest, Executive Vice President and Chief Financial Officer, steve.priest@jetblue.com;

		
	•
	Ursula Hurley, Director Assistant Treasurer, ursula.hurley@jetblue.com;

		
	•
	Dora Habachy, Corporate and Compliance Counsel, dora.habachy@jetblue.com;

		
	•
	Adam Schless, Director Aircraft Trans. & International Counsel, adam.schless@jetblue.com;

		
	•
	Mahendra Patel, Technical Support Manager, mahendra.patel@jetblue.com;

		
	•
	Robert Kircher, Airbus Fleet Captain, robert.kircher@jetblue.com; and

		
	•
	treasury@jetblue.com.

From time to time, the Buyer may modify the above list by sending notice of such changes to the Seller in writing, including by email.

The date on which the Seller sends an Aircraft Notice by email to the Buyer shall be deemed to be the date of such Aircraft Notice and shall be taken into consideration for the purposes of the Seller’s notification obligations under Clauses 8.1.2, 9.1.1, 9.1.2, 9.1.3 and 9.1.4 of the Agreement.

The Buyer shall promptly confirm receipt of such Aircraft Notice by return email to the sender. Buyer’s failure to acknowledge receipt of an Aircraft Notice shall in no event impact the validity or sufficiency of such email notification, and by sending an Aircraft Notice to the Buyer by email as provided for hereabove, the Seller shall be deemed to have satisfied in full its obligations under the Agreement.

Should the Seller receive an automatic delivery failure email from more than three (3) of the above listed addressees when sending an Aircraft Notice by email to the Buyer as provided for under Clause 22.2.2, the Seller shall send such Aircraft Notice by personal delivery, commercial courier, certified air mail or facsimile as provided for in Clause 22.2.1 above.

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UNQUOTE

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7.3    The second paragraph of Clause 5.3.5 of the Agreement is deleted in its entirety and replaced with the following quoted text:

QUOTE

[***]

UNQUOTE

8     OTHER COMMERCIAL TERMS
		
	8.1
	Any and all Predelivery Payments [***] described in Clauses 5.1 to 5.9 herein [***].

		
	8.2
	Clauses 8.6 and 8.7 of Amendment No. 4 to the Agreement are deleted in their entirety and replaced with the following quoted text:

QUOTE

		
	8.6
	[***]

		
	8.7
	[***]

UNQUOTE

		
	8.3
	Notwithstanding Clause 2.3 of the Agreement, the Additional A321 Airframe shall be equipped with either a set of two (2) IAE V2533-A5 engines or a set of two (2) CFM 56-5B3/3 engines, as further specified in this Clause 8.

		
	8.4
	The provision between the words “QUOTE” and “UNQUOTE” below shall be added at the end of Clause 3.2 of the Agreement:

QUOTE

		
	3.2.5
	The base price of a set of two (2) CFM 56-5B3/3 engines (the “CFM 56-5B3/3 Propulsion System”) is:

USD $[***]

(US Dollars – [***])

The Base Price of the CFM 56-5B3/3 Propulsion System has been established in accordance with the delivery conditions prevailing in [***] and has been calculated from the CFM Propulsion Systems Reference Price (CEO), as set forth in Part 5 of Exhibit C to the Agreement.

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

		
	8.5
	Clause 8.9 of Amendment No. 4 to the Agreement is deleted in its entirety and replaced with the following quoted text:

QUOTE

		
	8.9.1
	The Buyer hereby irrevocably selects IAE V2533-A5 engines as the Propulsion System for all Additional A321 Aircraft delivering until [***].

		
	8.9.2
	The Buyer shall select the Propulsion System for all Additional A321 Aircraft delivering from (and including) [***], no later than [***].

The selection of CFM 56-5B3/3 Propulsion System by the Buyer for any applicable Additional A321 Aircraft is subject to prior execution of the corresponding CFM performance guarantee as attached in Appendix 3 to this Amendment (A321 Aircraft Performance Guarantee – (CFM 56-5B3/3 engines)).

UNQUOTE

		
	8.6
	Part 5 of Exhibit C (CFM International Price Revision Formula (CEO)), as appended to Appendix 2 to this Amendment, shall be incorporated into and deemed an integral part of Exhibit C to the Agreement.

		
	8.7
	[***].

		
	8.8
	With respect to the certification of [***] seat with [***] IFE combination on jetBlue A320 Family aircraft, subject to (a) the Buyer [***], and (b) the Buyer [***], the Seller hereby confirms that:

		
	(i)
	The Seller shall [***], and

		
	(ii)
	The Seller shall [***].

		
	9
	EFFECT OF THE AMENDMENT

The Agreement will be deemed amended to the extent herein provided, and, except as specifically amended hereby, will continue in full force and effect in accordance with its original terms. This Amendment contains the entire agreement between the Buyer and the Seller with respect to the subject matter hereof and supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment.

[***]  Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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Both parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement and be governed by its provisions, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.

This Amendment will become effective upon its execution.

		
	10
	CONFIDENTIALITY

This Amendment is subject to the confidentiality provisions set forth in Clause 22.10 of the Agreement.

		
	11
	ASSIGNMENT

Notwithstanding any other provision of this Amendment or of the Agreement, this Amendment will not be assigned or transferred in any manner without the prior written consent of the other party, and any attempted assignment or transfer in contravention of the provisions of this Clause 11 will be void and of no force or effect.

		
	12
	COUNTERPARTS

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

		
	13
	INTERPRETATION AND LAW

This Amendment is subject to the Interpretation and Law provisions set forth in Clause 22.6 of the Agreement.

[***]  Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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4823-9070-2155.1

IN WITNESS WHEREOF, the parties hereto have entered into this Amendment by their respective officers or agents as of the date first above written.

JETBLUE AIRWAYS CORPORATION     AIRBUS S.A.S.

By: /s/ Steve Priest                   By: /s/ Christophe Mourey

        
Its: Chief Financial Officer     Its: Senior Vice President

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APPENDIX 1

AMENDED AND RESTATED SCHEDULE 1

Appendix 1
to
Amendment No. 6

Amended and Restated
Schedule 1

[***]   Represents material which has been redacted and filed separately with the Commission pursuant to a request for  confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1

AMENDED AND RESTATED SCHEDULE 1

	
						
	 
	CACiD 
No.
	Aircraft Rank No.
	Type
	Scheduled Delivery Month/Quarter
	Scheduled Delivery Year

	1
	159 908
	122
	Group 1 A320 Aircraft
	[***]
	2011

	2
	159 942
	123
	Group 1 A320 Aircraft
	[***]
	2012

	3
	159 943
	124
	Group 1 A320 Aircraft
	[***]
	2012

	4
	159 950
	125
	Group 1 A320 Aircraft
	[***]
	2012

	5
	159 951
	126
	Group 1 A320 Aircraft
	[***]
	2012

	6
	159 923
	127
	Group 1 A320 Aircraft
	[***]
	2012

	7
	159 924
	128
	Group 1 A320 Aircraft
	[***]
	2012

	8
	159 925
	129
	Group 1 A320 Aircraft
	[***]
	2012

	9
	159 939
	130
	A320 Backlog Aircraft
	[***]
	2013

	10
	159 960
	131
	A320 Backlog Aircraft
	[***]
	2013

	11
	159 961
	132
	A320 Backlog Aircraft
	[***]
	2013

	12
	159 962
	133
	A321 Backlog Aircraft
	[***]
	2013

	13
	159 963
	134
	A321 Backlog Aircraft
	[***]
	2013

	14
	159 964
	135
	A321 Backlog Aircraft
	[***]
	2013

	15
	159 965
	136
	A321 Backlog Aircraft
	[***]
	2013

	16
	159 916
	137
	A321 Backlog Aircraft
	[***]
	2014

	17
	159 940
	138
	A321 Backlog Aircraft
	[***]
	2014

	18
	159 941
	139
	A321 Backlog Aircraft
	[***]
	2014

	19
	159 944
	140
	A321 Backlog Aircraft
	[***]
	2014

	20
	159 945
	141
	A321 Backlog Aircraft
	[***]
	2014

	21
	159 946
	142
	A321 Backlog Aircraft
	[***]
	2014

	22
	159 947
	143
	A321 Backlog Aircraft
	[***]
	2014

	23
	159 948
	144
	A321 Backlog Aircraft
	[***]
	2014

	24
	159 949
	145
	A321 Backlog Aircraft
	[***]
	2014

	25
	159 956
	146
	A321 Backlog Aircraft
	[***]
	2015

	26
	159 957
	147
	A321 Backlog Aircraft
	[***]
	2015

	27
	159 958
	148
	A321 Backlog Aircraft
	[***]
	2015

	28
	159 959
	149
	A321 Backlog Aircraft
	[***]
	2015

	29
	159 929
	150
	A321 Backlog Aircraft
	[***]
	2015

	30
	159 930
	151
	A321 Backlog Aircraft
	[***]
	2015

	31
	159 931
	152
	A321 Backlog Aircraft
	[***]
	2015

	32
	159 932
	153
	A321 Backlog Aircraft
	[***]
	2015

	33
	159 933
	154
	A321 Backlog Aircraft
	[***]
	2015

	34
	10002716
	155
	Incremental A321 Aircraft
	[***]
	2015

	35
	159 920
	156
	A321 Backlog Aircraft
	[***]
	2015

	36
	10002752
	157
	Incremental A321 Aircraft
	[***]
	2015

[***]   Represents material which has been redacted and filed separately with the Commission pursuant to a request for  confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1

AMENDED AND RESTATED SCHEDULE 1

	
						
	 
	CACiD 
No.
	Aircraft Rank No.
	Type
	Scheduled Delivery Month/Quarter
	Scheduled Delivery Year

	37
	159 911
	158
	A321 Backlog Aircraft
	[***]
	2016

	38
	159 912
	159
	A321 Backlog Aircraft
	[***]
	2016

	39
	159 917
	160
	A321 Backlog Aircraft
	[***]
	2016

	40
	159 918
	161
	A321 Backlog Aircraft
	[***]
	2016

	41
	159 926
	162
	A321 Backlog Aircraft
	[***]
	2016

	42
	159 927
	163
	A321 Backlog Aircraft
	[***]
	2016

	43
	159 928
	164
	A321 Backlog Aircraft
	[***]
	2016

	44
	159 952
	165
	A321 Backlog Aircraft
	[***]
	2016

	45
	159 953
	166
	A321 Backlog Aircraft
	[***]
	2016

	46
	159 934
	167
	A321 Backlog Aircraft
	[***]
	2016

	47
	159 922
	168
	Converted A321 Backlog Aircraft
	[***]
	2017

	48
	159 954
	169
	Converted A321 Backlog Aircraft
	[***]
	2017

	49
	159 955
	170
	Converted A321 Backlog Aircraft
	[***]
	2017

	50
	159 921
	171
	Converted A321 Backlog Aircraft
	[***]
	2017

	51
	104 440
	172
	Converted A321 Backlog Aircraft
	[***]
	2017

	52
	104 442
	173
	Converted A321 Backlog Aircraft
	[***]
	2017

	53
	10054088
	249
	Additional A321 Aircraft
	[***]
	2017

	54
	159 909
	174
	Converted A321 Backlog Aircraft
	[***]
	2017

	55
	10054089
	250
	Additional A321 Aircraft
	[***]
	2017

	56
	10002770
	175
	Incremental A321 Aircraft
	[***]
	2017

	57
	10054090
	251
	Additional A321 Aircraft
	[***]
	2017

	58
	10002771
	176
	Incremental A321 Aircraft
	[***]
	2017

	59
	10054091
	252
	Additional A321 Aircraft
	[***]
	2017

	60
	10002772
	177
	Incremental A321 Aircraft
	[***]
	2017

	61
	10054092
	253
	Additional A321 Aircraft
	[***]
	2017

	62
	159 910
	178
	Converted A321 Backlog Aircraft
	[***]
	2018

	63
	10054093
	254
	Additional A321 Aircraft
	[***]
	2018

	64
	10054100
	261
	Additional A321 Aircraft
	[***]
	2018

	65
	10054101
	262
	Additional A321 Aircraft
	[***]
	2018

	66
	10054102
	263
	Additional A321 Aircraft
	[***]
	2018

	67
	10054097
	258
	Additional A321 Aircraft
	[***]
	2018

	68
	10054098
	259
	Additional A321 Aircraft
	[***]
	2018

	69
	10054094
	255
	Additional A321 Aircraft
	[***]
	2018

	70
	10054099
	260
	Additional A321 Aircraft
	[***]
	2018

	71
	10054095
	256
	Additional A321 Aircraft
	[***]
	2018

	72
	10054096
	257
	Additional A321 Aircraft
	[***]
	2018

[***]   Represents material which has been redacted and filed separately with the Commission pursuant to a request for  confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
170407_CT1303281_JBU_A320F_AMD 6    Page 7/19
4817-5288-8138.4

APPENDIX 1

AMENDED AND RESTATED SCHEDULE 1

	
						
	 
	CACiD 
No.
	Aircraft Rank No.
	Type
	Scheduled Delivery Month/Quarter
	Scheduled Delivery Year

	73
	402 132
	179
	Converted A321 NEO Aircraft
	[***]
	2019

	74
	10002778
	184
	Incremental A321 NEO Aircraft
	[***]
	2019

	75
	402 137
	185
	Converted A321 NEO Aircraft
	[***]
	2019

	76
	402 135
	182
	Converted A321 NEO Aircraft
	[***]
	2019

	77
	402 136
	183
	Converted A321 NEO Aircraft
	[***]
	2019

	78
	10002779
	190
	Incremental A321 NEO Aircraft
	[***]
	2019

	79
	10002780
	191
	Incremental A321 NEO Aircraft
	[***]
	2019

	80
	402 134
	181
	Converted A321 NEO Aircraft
	[***]
	2019

	81
	402 141
	189
	Converted A321 NEO Aircraft
	[***]
	2019

	82
	402 140
	188
	Converted A321 NEO Aircraft
	[***]
	2019

	83
	10002782
	193
	Incremental A321 NEO Aircraft
	[***]
	2019

	84
	10002783
	194
	Incremental A321 NEO Aircraft
	[***]
	2019

	85
	10002784
	195
	Incremental A321 NEO Aircraft
	[***]
	2019

	86
	10002781
	192
	Incremental A321 NEO Aircraft
	[***]
	2019

	87
	10002785
	196
	Incremental A321 NEO Aircraft
	[***]
	2019

	88
	10002786
	197
	Incremental A321 NEO Aircraft
	[***]
	2019

	89
	10002787
	198
	Incremental A321 NEO Aircraft
	[***]
	2019

	90
	10002788
	199
	Incremental A321 NEO Aircraft
	[***]
	2019

	91
	10002756
	200
	A321 NEO Aircraft
	[***]
	2020

	92
	10002760
	201
	A321 NEO Aircraft
	[***]
	2020

	93
	10002764
	202
	A321 NEO Aircraft
	[***]
	2020

	94
	10002789
	203
	Incremental A321 NEO Aircraft
	[***]
	2020

	95
	10002790
	204
	Incremental A321 NEO Aircraft
	[***]
	2020

	96
	10002791
	205
	Incremental A321 NEO Aircraft
	[***]
	2020

	97
	10002792
	206
	Incremental A321 NEO Aircraft
	[***]
	2020

	98
	10054124
	264
	Additional A321 NEO Aircraft
	[***]
	2020

	99
	10009793
	207
	Incremental A321 NEO Aircraft
	[***]
	2020

	100
	10002794
	208
	Incremental A321 NEO Aircraft
	[***]
	2020

	101
	402 142
	209
	A320 NEO Aircraft
	[***]
	2020

	102
	402 143
	210
	A320 NEO Aircraft
	[***]
	2020

	103
	10054125
	265
	Additional A321 NEO Aircraft
	[***]
	2020

	104
	402 144
	211
	A320 NEO Aircraft
	[***]
	2020

	105
	402 145
	212
	A320 NEO Aircraft
	[***]
	2020

	106
	402 146
	213
	A320 NEO Aircraft
	[***]
	2020

	107
	402 147
	214
	A320 NEO Aircraft
	[***]
	2020

	108
	10054126
	266
	Additional A321 NEO Aircraft
	[***]
	2020

[***]   Represents material which has been redacted and filed separately with the Commission pursuant to a request for  confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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APPENDIX 1

AMENDED AND RESTATED SCHEDULE 1

	
						
	 
	CACiD 
No.
	Aircraft Rank No.
	Type
	Scheduled Delivery Month/Quarter
	Scheduled Delivery Year

	109
	402 151
	215
	A320 NEO Aircraft
	[***]
	2021

	110
	402 152
	216
	A320 NEO Aircraft
	[***]
	2021

	111
	402 153
	217
	A320 NEO Aircraft
	[***]
	2021

	112
	402 154
	218
	A320 NEO Aircraft
	[***]
	2021

	113
	10054127
	267
	Additional A321 NEO Aircraft
	[***]
	2021

	114
	402 155
	219
	A320 NEO Aircraft
	[***]
	2021

	115
	402 156
	220
	A320 NEO Aircraft
	[***]
	2021

	116
	402 157
	221
	A320 NEO Aircraft
	[***]
	2021

	117
	402 158
	222
	A320 NEO Aircraft
	[***]
	2021

	118
	10054128
	268
	Additional A321 NEO Aircraft
	[***]
	2021

	119
	402 159
	223
	A320 NEO Aircraft
	[***]
	2021

	120
	402 160
	224
	A320 NEO Aircraft
	[***]
	2021

	121
	402 161
	225
	A320 NEO Aircraft
	[***]
	2021

	122
	402 162
	226
	A320 NEO Aircraft
	[***]
	2021

	123
	10054129
	269
	Additional A321 NEO Aircraft
	[***]
	2021

	124
	402 163
	227
	A320 NEO Aircraft
	[***]
	2021

	125
	402 164
	228
	A320 NEO Aircraft
	[***]
	2021

	126
	402 165
	229
	A320 NEO Aircraft
	[***]
	2021

	127
	402 166
	230
	A320 NEO Aircraft
	[***]
	2021

	128
	10054130
	270
	Additional A321 NEO Aircraft
	[***]
	2021

	129
	402 148
	231
	A320 NEO Aircraft
	[***]
	2022

	130
	402 149
	232
	A320 NEO Aircraft
	[***]
	2022

	131
	402 150
	233
	A320 NEO Aircraft
	[***]
	2022

	132
	10002765
	234
	A321 NEO Aircraft
	[***]
	2022

	133
	10054131
	271
	Additional A321 NEO Aircraft
	[***]
	2022

	134
	10002766
	235
	A321 NEO Aircraft
	[***]
	2022

	135
	10002767
	236
	A321 NEO Aircraft
	[***]
	2022

	136
	10002768
	237
	A321 NEO Aircraft
	[***]
	2022

	137
	10002769
	238
	A321 NEO Aircraft
	[***]
	2022

	138
	10054132
	272
	Additional A321 NEO Aircraft
	[***]
	2022

	139
	10002773
	239
	A321 NEO Aircraft
	[***]
	2022

	140
	10002774
	240
	A321 NEO Aircraft
	[***]
	2022

	141
	402 127
	241
	A321 NEO Aircraft
	[***]
	2022

	142
	402 128
	242
	A321 NEO Aircraft
	[***]
	2022

	143
	10054133
	273
	Additional A321 NEO Aircraft
	[***]
	2022

	144
	402 129
	243
	A321 NEO Aircraft
	[***]
	2022

[***]   Represents material which has been redacted and filed separately with the Commission pursuant to a request for  confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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4817-5288-8138.4

APPENDIX 1

AMENDED AND RESTATED SCHEDULE 1

	
						
	 
	CACiD 
No.
	Aircraft Rank No.
	Type
	Scheduled Delivery Month/Quarter
	Scheduled Delivery Year

	145
	402 130
	244
	A321 NEO Aircraft
	[***]
	2022

	146
	402 131
	245
	A321 NEO Aircraft
	[***]
	2022

	147
	10002775
	246
	Incremental A321 NEO Aircraft
	[***]
	2022

	148
	10054134
	274
	Additional A321 NEO Aircraft
	[***]
	2022

	149
	10002776
	247
	Incremental A321 NEO Aircraft
	[***]
	2023

	150
	10054135
	275
	Additional A321 NEO Aircraft
	[***]
	2023

	151
	402 138
	186
	Converted A321 NEO Aircraft
	[***]
	2023

	152
	10054136
	276
	Additional A321 NEO Aircraft
	[***]
	2023

	153
	402 133
	180
	Converted A321 NEO Aircraft
	[***]
	2023

	154
	10002777
	248
	Incremental A321 NEO Aircraft
	[***]
	2023

	155
	10054137
	277
	Additional A321 NEO Aircraft
	[***]
	2023

	156
	10054138
	278
	Additional A321 NEO Aircraft
	[***]
	2023

	157
	402 139
	187
	Converted A321 NEO Aircraft
	[***]
	2023

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

PART 5 TO EXHIBIT C

Appendix 2
to
Amendment No. 6

Part 5 to Exhibit C to the Agreement

CFM INTERNATIONAL
PRICE REVISION FORMULA (CEO)

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APPENDIX 3
LETTER AGREEMENT NO. 5H

Appendix 3
to
Amendment No. 6

A321 AIRCRAFT PERFORMANCE GUARANTEE –
(CFM 56-5B3/3 ENGINES)

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	PART 5
	CFM INTERNATIONAL PRICE REVISION FORMULA (CEO)

(APPLICABLE TO ENGINES ON ADDITIONAL A321 AIRCRAFT AS RELEVANT)

		
	5.1
	Propulsion Systems Reference Price

The “Reference Price” for a set of two (2)

CFM INTERNATIONAL CFM 56-5B3/3 engines is US$ [***] (US dollars – [***]).

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 Clauses 5.4 and 5.5 of this Exhibit C.

		
	5.2
	REFERENCE PERIOD

The above Reference Price has been established in accordance with the economical conditions prevailing for a theoretical delivery in [***] as defined by CFM INTERNATIONAL by the Reference Composite Price Index (CPIb) of [***].

		
	1.
	5.3    INDEXES

Labor Index: “Employment Cost Index for Workers in Aerospace manufacturing” hereinafter referred to as “ECI336411W”, quarterly published by the US Department of Labor, Bureau of Labor Statistics, in “NEWS”, and found in Table 9, “WAGES and SALARIES (not seasonally adjusted): Employment Cost Indexes for Wages and Salaries for private industry workers by industry and occupational group”, or such other name that may be from time to time used for the publication title and/or table, (Aircraft manufacturing, NAICS code 336411, base month and year December 2005 = 100, hereinafter mutiplied by [***] and rounded to the first decimal place.)

The quarterly value released for a certain month (March, June, September and December) shall be the one deemed to apply for the two preceding months.
    
Index code for access on the Web site of the US Bureau of Labor Statistics: CIU2023211000000I.

Material Index: “Industrial Commodities” (hereinafter referred to as “IC”) as published in “PPI Detailed Report” (found in Table 9. “Producer price indexes and percent changes for commodity and service 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 1982 = 100).

Index code for access on the Web site of the US Bureau of Labor Statistics: WPU03THRU15

[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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4816-5288-8138.4

		
	2.
	5.4    REVISION FORMULA

[***]

[***]

[***]

[***]

[***]
[***]

[***]

[***]

[***]

[***]

[***]

		
	3.
	5.5    GENERAL PROVISIONS

		
	5.5.1
	Roundings

		
	(i)
	The Material index average ([***]) shall be rounded to the nearest second decimal place and the labor index average ([***]) shall be rounded to the nearest first decimal place.

		
	(ii)
	CPIn shall be rounded to the nearest second decimal place.

		
	(iii)
	The final factor ([***]) shall be rounded to the nearest third decimal place.

If the next succeeding place is five (5) or more, the preceding decimal place shall be raised to the next higher figure.
    
After final computation, [***] shall be rounded to the nearest whole number (0.5 rounds to 1).

		
	5.5.2
	Final Index Values

[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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4816-5288-8138.4

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

		
	5.5.3
	Interruption of Index Publication

If the US Department of Labor substantially revises the methodology of calculation or discontinues any to these indexes referred to hereabove, the Seller shall reflect the substitute for the revised or discontinued index selected by CFM INTERNATIONAL, 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.

		
	5.5.4
	Annulment of Formula

Should the above escalation provisions become null and void by action of the US Government, the Reference 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 Composite Price Index to the twelfth (12th) month prior to the month of Aircraft Delivery.

		
	5.5.5
	Limitations

Should the ratio [***].

[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
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4816-5288-8138.4

LETTER AGREEMENT NO. 5H

As of April 11th, 2017

JetBlue Airways Corporation
27-01 Queens Plaza North
Long Island City, New York 11101

Re:  A321 AIRCRAFT PERFORMANCE GUARANTEE – (CFM56-5B3/3 ENGINES)

Dear Ladies and Gentlemen,

JetBlue Airways Corporation (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an A320 Family Aircraft Purchase Agreement dated as of October 19, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, including without limitation by Amendment No. 1 dated as of October 25, 2013, Amendment No. 2 dated as of November 19, 2014, Amendments No. 3 and No. 4 dated as of July 26, 2016, Amendment No. 5 dated as of August 9, 2016 and Amendment No. 6 dated as of even date herewith) (the “Agreement”), which covers, among other matters, 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 Buyer and the Seller have agreed to set forth in this Letter Agreement No. 5H (this “Letter Agreement”) certain additional terms and conditions regarding the sale of the Aircraft.  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.

Both parties agree that this Letter Agreement will constitute an integral, nonseverable 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 which are inconsistent, the specific provisions contained in this Letter Agreement will govern.

1    AIRCRAFT CONFIGURATION

The guarantees defined below (the “Guarantees”) are applicable to the A321-200 Aircraft as described in the Standard Specification reference E 000 02000 Issue 5 dated 20th June 2011 amended by Specification Change Notices (SCNs) for:

i)    installation of Sharklets

ii)    installation of CFM International CFM56-5B3/3 engines

iii)    the following design weights:

170407_CT1303281_JBU_LA5H_A320F    LA 5H - 1 of 6
4816-5288-8138.4

Maximum Take-Off Weight (MTOW)    [***] kg ([***] lb)
Maximum Landing Weight (MLW)    [***] kg ([***] lb)
Maximum Zero Fuel Weight (MZFW)    [***] kg ([***] lb)

iv)    [***]

hereinafter referred to as the “Specification” without taking into account any further changes thereto as provided in the Agreement.

2    [***]

3    [***]

4    [***]

5    [***]

6    [***]

7    [***]

8    [***]

9    UNDERTAKING REMEDIES

Should an Aircraft fail to meet the Guarantees specified in this Letter Agreement, the Seller shall use its reasonable endeavours to correct the deficiency to comply with the subject guarantee.

[***]

[***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
170407_CT1303281_JBU_LA5H_A320F    LA 5H - 1 of 6
4816-5288-8138.4

If the foregoing correctly sets forth our understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement to the Seller.

AIRBUS S.A.S

By: /s/ Christophe Mourey

Title: Senior Vice President

JETBLUE AIRWAYS CORPORATION

        
By: /s/ Steve Priest    

Title: Chief Financial Officer

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