Document:

EX-10.6.11

 Exhibit 10.6.11 
 Note: Certain portions have been omitted from this Agreement in accordance with a request for confidential treatment submitted to the Securities and Exchange Commission. Omitted information has been
replaced with an asterisk. Omitted information has been filed separately with the Securities and Exchange Commission. 

AMENDMENT N° 11 
 TO THE 
 A320 FAMILY P U R C H A S E  A G R E E M E N T

 B E T W E E N 
 A I R B U S  S.A.S. 
 as “Seller”

 A N D 
 AVIANCA S.A. 
 as “Buyer” 

Reference : CT1102215 
 AVA – A320
Family PA – Amendment N° 11 
 Ref: CT1102215 

  
 Page 1/7

 C O N T E N T S 

 

					
	 CLAUSES
	 	 TITLES
	  	 
			
	0	 	 SCOPE
	  	4
			
	1	 	 DELIVERY SCHEDULE AND AIRCRAFT TYPE
	  	4
			
	2	 	 PREDELIVERY PAYMENTS
	  	4
			
	3	 	 MISCELLANEOUS PROVISIONS
	  	4
			
	4	 	 ASSIGNMENT
	  	4
			
	5	 	 CONFIDENTIALITY
	  	5
			
	6	 	 COUNTERPARTS
	  	5

  
 AVA – A320 Family PA
– Amendment N° 11 
 Ref: CT1102215 
 Page 2/7 

 AMENDMENT N° 11 TO THE 

A320 FAMILY PURCHASE AGREEMENT 
 This amendment N° 11 (hereinafter referred to as the “Amendment N° 11”) is entered into as of the      August 2011. 

BETWEEN: 
 AIRBUS S.A.S., a
société par actions simplifiée, legal successor of Airbus S.N.C., formerly known as Airbus G.I.E. created and existing under French law having its registered office at 1 Rond-Point
Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”), 
 and 
 Aerovias del Continente Americano S.A. Avianca, a Colombian sociedad anonima created
and existing under Colombian law having its registered office at Centro Administrativo, Avenida Calle 26 No 59-15, Bogota, Colombia (the “Buyer”). 
 The Buyer and the Seller being together the “Parties” and each the “Party”. 
 WHEREAS : 
  

	 	A.	 The Buyer and the Seller have entered into an A320 Family Purchase Agreement dated the
16th April 2007 for the sale by the Seller and the
purchase by the Buyer of nine (9) A319-100 Aircraft and twenty four (24) A320 Aircraft (the “A320 Family Purchase Agreement”, together with all Exhibits and Appendices attached thereto, any Letter Agreements thereto and
Amendments N° 1 to 11 thereto, the “Agreement”), 

  

	 	B.	In accordance with the terms of this Amendment N° 11, the Seller and the Buyer hereby agree to amend certain provisions of the Agreement.

  

	 	C.	It is understood that Amendment N° 11, upon execution thereof, shall constitute an integral and non-severable part of the Agreement and that all terms and
conditions of the Agreement shall apply to this Amendment N° 11, unless otherwise agreed upon herein. 

  

	 	D.	Capitalized terms used herein and not otherwise defined will have the meaning assigned to them in the Agreement. The terms “herein”, “hereof”
and “hereunder” and words of similar import refer to this Amendment N° 11. 

  
 AVA – A320 Family PA
– Amendment N° 11 
 Ref: CT1102215 
 Page 3/7 

 NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 

 

	0.	SCOPE 

 [*] the
Parties agree: 
  

	 	(i)	to amend the Scheduled Delivery Month or Schedule Delivery Quarter of one (1) A320 family Aircraft with rank number 40; and 

[*] 
  

	1.	DELIVERY SCHEDULE AND AIRCRAFT TYPES 

 The Parties hereby agree that the [*] and/or the Scheduled Delivery Months or Scheduled Delivery Quarters as the case may be, of the A320 family Aircraft scheduled for Delivery shall be amended as set
forth in the table here below (the “Agreed Modification”): 
  

									
	 Rank

number
	 	 [*]
	 	 A/C

[*] Type
	 	 [*]
	 	 Revised Scheduled
 Delivery

Months/Quarters

	40	 	[*]	 	320-200	 	[*]	 	June 2012

  

	2.	PREDELIVERY PAYMENTS 

 The parties hereby agree that, as a result of the Agreed Modifications, and in accordance with the Predelivery Payment schedule set out in clause 5.3 to the Agreement, the Buyer [*]. 

The Buyer agrees to pay to the Seller, upon signature of this Amendment N°11, [*]. 

 

	3.	MISCELLANEOUS 

This Amendment N° 11 supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written,
related to the subject matter hereof. 
 The Agreement shall be deemed to be amended to incorporate the terms and conditions
hereof, and, except as specifically amended hereby, shall continue in full force and effect in accordance with its original terms. 
 If there is any conflict or inconsistency between the terms and provisions of the Agreement and this Amendment N° 11, the latter shall prevail to the extent of such conflict or inconsistency.

  

	4.	ASSIGNMENT 

 Except
as provided in clause 21 of the Agreement, this Amendment N° 11 is not transferable, and the Buyer’s rights under this Amendment N° 11 shall not be assigned, sold, transferred or otherwise alienated by operation of law or otherwise to
any person other than the Buyer. Any unauthorised assignment, sale, transfer or other alienation of the Buyer’s rights under this Amendment N° 11 with respect to any Aircraft will be void and without effect. 

  
 AVA – A320 Family PA
– Amendment N° 11 
 Ref: CT1102215 
 Page 4/7 

	5.	CONFIDENTIALITY 

This Amendment N° 11 (and its existence) shall be treated by both Parties as confidential in accordance with clause 22.12 of the
Agreement. 
  

	6.	COUNTERPARTS 

 This
Amendment N° 11 may be signed in any number of separate counterparts. Each counterpart, when signed and delivered (including counterparts delivered by facsimile transmission) shall be an original, and the counterparts together shall constitute
one and the same instrument. 

  
 AVA – A320 Family PA
– Amendment N° 11 
 Ref: CT1102215 
 Page 5/7 

 IN WITNESS WHEREOF this Amendment N° 11 was entered into the day and year first above written.

  

									
	Agreed and Accepted	 		 	Agreed and Accepted
			
	For and on behalf of	 		 	For and on behalf of
			
	Aerovias del Continente	 		 	AIRBUS S.A.S.
	Americano S.A. Avianca	 	
					
	By:	 	 /s/ Elisa Murgas de Moreno
	 		 	By:	 	 /s/ Patric de Castelbajac

					
	Its:	 	 Secretary General
	 		 	Its:	 	 Vice President Contracts

  
 AVA – A320 Family PA
– Amendment N° 11 
 Ref: CT1102215 
 Page 6/7 

 APPENDIX 1 
 [*] 

  
 AVA – A320 Family PA
– Amendment N° 11 
 Ref: CT1102215 
 Page 7/7EX-10.6.12

 Exhibit 10.6.12 
 Note: Certain portions have been omitted from this Agreement in accordance with a request for confidential treatment submitted to the Securities and Exchange Commission. Omitted information has been
replaced with an asterisk. Omitted information has been filed separately with the Securities and Exchange Commission. 

AMENDMENT N° 12 
 TO THE 
 A320 FAMILY P U R C H A S E  A G R E E M E N T

 B E T W E E N 
 A I R B U S  S.A.S. 
 as “Seller”

 A N D 
 AVIANCA S.A. 
 as “Buyer” 

Reference : CT1105932 
 AVA – A320
Family PA – Amendment N° 12 
 Ref: CT1105932 

  
 Page 1/7

 C O N T E N T S 

 

					
	 CLAUSES
	 	 TITLES
	 	 
			
	 0
	 	 SCOPE
	 	4
			
	 1
	 	 DELIVERY SCHEDULE AND AIRCRAFT TYPE
	 	4
			
	 2
	 	 PREDELIVERY PAYMENTS
	 	4
			
	 3
	 	 MISCELLANEOUS PROVISIONS
	 	4
			
	 4
	 	 ASSIGNMENT
	 	5
			
	 5
	 	 CONFIDENTIALITY
	 	5
			
	 6
	 	 COUNTERPARTS
	 	5

  
 AVA – A320 Family PA
– Amendment N° 12 
 Ref: CT1105932 
 Page 2/7 

 AMENDMENT N° 12 TO THE 

A320 FAMILY PURCHASE AGREEMENT 
 This amendment N° 12 (hereinafter referred to as the “Amendment N° 12”) is entered into as of the      October 2011. 

BETWEEN: 
 AIRBUS S.A.S., a
société par actions simplifiée, legal successor of Airbus S.N.C., formerly known as Airbus G.I.E. created and existing under French law having its registered office at 1 Rond-Point
Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”), 
 and 
 Aerovias del Continente Americano S.A. Avianca, a Colombian sociedad anonima created
and existing under Colombian law having its registered office at Centro Administrativo, Avenida Calle 26 No 59-15, Bogota, Colombia (the “Buyer”). 
 The Buyer and the Seller being together the “Parties” and each the “Party”. 
 WHEREAS : 
  

	 	A.	 The Buyer and the Seller have entered into an A320 Family Purchase Agreement dated the
16th April 2007 for the sale by the Seller and the
purchase by the Buyer of nine (9) A319-100 Aircraft and twenty four (24) A320 Aircraft (the “A320 Family Purchase Agreement”, together with all Exhibits and Appendices attached thereto, any Letter Agreements thereto and
Amendments N° 1 to 12 thereto, the “Agreement”), 

  

	 	B.	In accordance with the terms of this Amendment N° 12, the Seller and the Buyer hereby agree to amend certain provisions of the Agreement.

  

	 	C.	It is understood that Amendment N° 12, upon execution thereof, shall constitute an integral and non-severable part of the Agreement and that all terms and
conditions of the Agreement shall apply to this Amendment N° 12, unless otherwise agreed upon herein. 

  

	 	D.	Capitalized terms used herein and not otherwise defined will have the meaning assigned to them in the Agreement. The terms “herein”, “hereof”
and “hereunder” and words of similar import refer to this Amendment N° 12. 

  
 AVA – A320 Family PA
– Amendment N° 12 
 Ref: CT1105932 
 Page 3/7 

 NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 

 

	0.	SCOPE 

 [*], the
Parties agree: 
  

	 	(i)	to amend the Scheduled Delivery Month or Schedule Delivery Quarter of six (6) A320 family Aircraft with rank numbers 8, 9, 36, 42, 44 and 46; and

  

	 	(ii)	[*] 

  

	1.	DELIVERY SCHEDULE AND AIRCRAFT TYPES 

 The Parties hereby agree that the [*] Scheduled Delivery Months or Scheduled Delivery Quarters as the case may be, of the A320 family Aircraft scheduled for Delivery shall be amended as set forth in the
table here below (the “Agreed Modifications”): 
  

									
	 Rank

number
	  	 [*]
	  	 A/C 
[*] Type
	  	 [*]
	  	 Revised Scheduled
 Delivery

Months/Quarters

	8	  	[*]	  	A320-200	  	[*]	  	May 2013
	9	  	[*]	  	A320-200	  	[*]	  	October 2012
	36	  	[*]	  	A320-200	  	[*]	  	February 2013
	42	  	[*]	  	A320-200	  	[*]	  	July 2012
	44	  	[*]	  	A320-200	  	[*]	  	Q3 2014
	46	  	[*]	  	A320-200	  	[*]	  	January 2013

  

	2.	PREDELIVERY PAYMENTS 

 The parties hereby agree that, as a result of the Agreed Modifications, and in accordance with the Predelivery Payment schedule set out in clause 5.3 to the Agreement as amended by clause 1 of Letter
Agreement N°2, the [*] effect of such Agreed Modifications on Predelivery Payments due for each of the Aircraft N°8, 9, 36, 42, 44 and 46 will be as follows (as further detailed in Appendix 1 to the present Amendment N°12): 

[*] 
  

	3.	MISCELLANEOUS 

This Amendment N° 12 supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written,
related to the subject matter hereof. 
 The Agreement shall be deemed to be amended to incorporate the terms and conditions
hereof, and, except as specifically amended hereby, shall continue in full force and effect in accordance with its original terms. 
 If there is any conflict or inconsistency between the terms and provisions of the Agreement and this Amendment N° 12, the latter shall prevail to the extent of such conflict or inconsistency.

  
 AVA – A320 Family PA
– Amendment N° 12 
 Ref: CT1105932 
 Page 4/7 

	4.	ASSIGNMENT 

 Except
as provided in clause 21 of the Agreement, this Amendment N° 12 is not transferable, and the Buyer’s rights under this Amendment N° 12 shall not be assigned, sold, transferred or otherwise alienated by operation of law or otherwise to
any person other than the Buyer. Any unauthorised assignment, sale, transfer or other alienation of the Buyer’s rights under this Amendment N° 12 with respect to any Aircraft will be void and without effect. 

 

	5.	CONFIDENTIALITY 

This Amendment N° 12 (and its existence) shall be treated by both Parties as confidential in accordance with clause 22.12 of the
Agreement. 
  

	6.	COUNTERPARTS 

 This
Amendment N° 12 may be signed in any number of separate counterparts. Each counterpart, when signed and delivered (including counterparts delivered by facsimile transmission) shall be an original, and the counterparts together shall constitute
one and the same instrument. 

  
 AVA – A320 Family PA
– Amendment N° 12 
 Ref: CT1105932 
 Page 5/7 

 IN WITNESS WHEREOF this Amendment N° 12 was entered into the day and year first above written.

  

									
	Agreed and Accepted	 		 	Agreed and Accepted
			
	For and on behalf of	 		 	For and on behalf of
			
	Aerovias del Continente	 		 	AIRBUS S.A.S.
	Americano S.A. Avianca	 		 	
					
	By:	 	 /s/ Elisa Murgas de Moreno
	 		 	By:	 	 /s/ Christophe Mourey

					
	Its:	 	 Secretary General
	 		 	Its:	 	 Senior Vice President Contracts

  
 AVA – A320 Family PA
– Amendment N° 12 
 Ref: CT1105932 
 Page 6/7 

 APPENDIX 1 
 *[Six pages have been omitted in accordance with a request for confidential treatment.] 

  
 AVA – A320 Family PA
– Amendment N° 12 
 Ref: CT1105932 
 Page 7/7

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