Document:

<PAGE>

                                                                    Exhibit 4.13

     *** INDICATES CONFIDENTIAL MATERIAL OMITTED PURSUANT TO A REQUEST FOR
     CONFIDENTIAL TREATMENT AND FILED WITH THE SECURITIES AND EXCHANGE
     COMMISSION SEPERATELY WITH A REQUEST FOR CONFIDENTIAL TREATMENT.

                          Purchase Agreement No. 3032

                                     between

                               The Boeing Company

                                      and

                    China Eastern Airlines Corporation, Ltd.

                                   ----------

          This Purchase Agreement No. 3032 dated as of DECEMBER 20, 2005 between
The Boeing Company (BOEING) and China Eastern Airlines Corporation, Ltd.
(CUSTOMER) relating to the purchase and sale of Model 737-79P and 737-89P
aircraft together with all tables, exhibits, supplemental exhibits, letter
agreement and other attachments thereto, if any, (PURCHASE AGREEMENT)
incorporates the terms and conditions (except as specifically set forth below)
of the Aircraft General Terms Agreement dated as of March 7, 2001 between the
parties, identified as AGTA-CEA (AGTA).

Article 1. Quantity, Model and Description.

          The aircraft to be delivered to Customer will be designated as Model
737-79P and 737-89P aircraft (the AIRCRAFT). Boeing will manufacture and sell to
Customer Aircraft conforming to the configuration described in Exhibit A-l and
A-2 in the quantities listed in Table 1, Table 2, Table 3 and Table 4 to the
Purchase Agreement.

Article 2. Delivery Schedule.

          The scheduled months of delivery of the Aircraft are listed in the
attached Table 1, Table 2, Table 3 and Table 4. Exhibit B describes certain
responsibilities for both Customer and Boeing in order to accomplish the
delivery of the Aircraft.

Article 3. Price.

          3.1 Aircraft Basic Price. The Aircraft Basic Price is listed in Table
1, Table 2, Table 3 and Table 4 in subject to escalation dollars.

          3.2 Advance Payment Base Prices. The Advance Payment Base Prices
listed in Table 1, Table 2, Table 3 and Table 4 were calculated utilizing the
latest escalation factors available to Boeing on the date of this Purchase
Agreement projected to the month of scheduled delivery.

P.A. No. 3032                           1                                  S.A.1
                               BOEING PROPRIETARY

<PAGE>

Article 4. Payment.

          4.1 Boeing has not yet received a deposit in the amount shown in Table
1, Table 2, Table 3 and Table 4 for each Aircraft (DEPOSIT), and therefore, the
Deposit will be paid on the effective date of the Purchase Agreement.

          4.2 The standard advance payment schedule for the Model 737-79P and
737-89P aircraft requires Customer to make certain advance payments, expressed
in a percentage of the Advance Payment Base Price of each Aircraft beginning
with a payment of *** less the Deposit, on the effective date of the Purchase
Agreement for the Aircraft. Additional advance payments for each Aircraft are
due as specified in and on the first business day of the months listed in the
attached Table 1, Table 2, Table 3 and Table 4.

          4.3 For any Aircraft whose scheduled month of delivery is less than 24
months from the date of this Purchase Agreement, the total amount of advance
payments due for payment upon signing of this Purchase Agreement will include
all advance payments which are past due in accordance with the standard advance
payment schedule set forth in paragraph 4 above.

          4.4 Customer will pay the balance of the Aircraft Price of each
Aircraft at delivery.

Article 5. Miscellaneous.

          5.1 Aircraft Information Table. Table 1, Table 2, Table 3 and Table 4
consolidate information contained in Articles 1, 2, 3 and 4 with respect to (i)
quantity of Aircraft, (ii) applicable Detail Specification, (iii) month and year
of scheduled deliveries, (iv) Aircraft Basic Price, (v) applicable escalation
factors and (vi) Advance Payment Base Prices and advance payments and their
schedules.

P.A. No. 3032                           2                                 S.A. 1
                               BOEING PROPRIETARY

<PAGE>

                                   TABLE 1 TO
                           PURCHASE AGREEMENT NO. 3032

                                BLOCK A AIRCRAFT

           AIRCRAFT DELIVERY, DESCRIPTION, PRICE AND ADVANCE PAYMENTS

AIRFRAME MODEL/MTOW:                    737-79P   140,000 pounds
ENGINE MODEL/THRUST:                 CFM56-7B22    22,OOO pounds
AIRFRAME PRICE:                                       ***
OPTIONAL FEATURES:                                    ***
SUB-TOTAL OF AIRFRAME AND FEATURES:                   ***
ENGINE PRICE (PER AIRCRAFT):                          ***
AIRCRAFT BASIC PRICE (EXCLUDING BFE/SPE):             ***
BUYER FURNISHED EQUIPMENT (BFE) ESTIMATE:             ***
SELLER PURCHASED EQUIPMENT (SPE) ESTIMATE:            ***
REFUNDABLE DEPOSIT/AIRCRAFT AT PROPOSAL ACCEPT:          $95,000
DETAIL SPECIFICATION:                             D019A001; April 30, 2004
AIRFRAME PRICE BASE YEAR/ESCALATION FORMULA:      Jul-05   ECI-W Afm
ENGINE PRICE BASE YEAR/ESCALATION FORMULA:        N/A      N/A

AIRFRAME ESCALATION DATA:
BASE YEAR INDEX (ECI):                                ***
BASE YEAR INDEX (ICI):                                ***

<TABLE>
<CAPTION>
                                                                              ADVANCE PAYMENT PER AIRCRAFT
                         ESCALATION                ESCALATIION ESTIMATE    (AMTS. DUE/MOS. PRIOR TO DELIVERY):
 DELIVERY    NUMBER OF     FACTOR                    ADV PAYMENT BASE     ------------------------------------
   DATE       AIRCRAFT   (AIRFRAME)      ***           PRICE PER A/P         ***          ***          ***
----------   ---------   ----------   ----------   --------------------   ----------   ----------   ----------
<S>          <C>         <C>          <C>          <C>                    <C>          <C>          <C>
***              1       ***          ***               ***               ***          ***          ***
***              1       ***          ***               ***               ***          ***          ***
***              1       ***          ***               ***               ***          ***          ***
TOTAL            3
</TABLE>

P.A NO.3032
38840-1F.TXT                   BOEING PROPRIETARY                         S.A. 1

<PAGE>

                                   TABLE 2 TO
                           PURCHASE AGREEMENT NO. 3032

                                BLOCK B AIRCRAFT

           AIRCRAFT DELIVERY, DESCRIPTION, PRICE AND ADVANCE PAYMENTS

AIRFRAME MODEL/MTOW:                    737-800   164,000 pounds
ENGINE MODEL/THRUST:                 CFM56-7B26    26,4OO pounds
AIRFRAME PRICE:                                       ***
OPTIONAL FEATURES:                                    ***
SUB-TOTAL OF AIRFRAME AND FEATURES:                   ***
ENGINE PRICE (PER AIRCRAFT):                          ***
AIRCRAFT BASIC PRICE (EXCLUDING BFE/SPE):             ***
BUYER FURNISHED EQUIPMENT (BFE) ESTIMATE:             ***
SELLER PURCHASED EQUIPMENT (SPE) ESTIMATE:            ***
REFUNDABLE DEPOSIT/AIRCRAFT AT PROPOSAL ACCEPT:       ***
DETAIL SPECIFICATION:                             D019A001CEA38P-1 REV B
                                                  (10/3/2005)
AIRFRAME PRICE BASE YEAR/ESCALATION FORMULA:      Jul-05   ECI-W Afm
ENGINE PRICE BASE YEAR/ESCALATION FORMULA:        N/A      N/A

AIRFRAME ESCALATION DATA:
BASE YEAR INDEX (ECI):                                ***
BASE YEAR INDEX (ICI):                                ***

<TABLE>
<CAPTION>
                                                                                     ADVANCE PAYMENT PER AIRCRAFT
                          ESCALATION                ESCALATIION ESTIMATE          (AMTS. DUE/MOS. PRIOR TO DELIVERY):
 DELIVERY    NUMBER OF      FACTOR                    ADV PAYMENT BASE     -------------------------------------------------
   DATE       AIRCRAFT    (AIRFRAME)      ***           PRICE PER A/P         ***          ***          ***          ***
----------   ---------    ----------   ----------   --------------------   ----------   ----------   ----------   ----------
<S>          <C>          <C>          <C>          <C>                    <C>          <C>          <C>          <C>
***          ***          ***          ***               ***               ***          ***          ***          ***
TOTAL            1
</TABLE>

P.A NO.3032
38733-1F.TXT                   BOEING PROPRIETARY                         S.A. 1

<PAGE>

                                   TABLE 3 TO
                           PURCHASE AGREEMENT NO. 3032

                                BLOCK C AIRCRAFT

           AIRCRAFT DELIVERY, DESCRIPTION, PRICE AND ADVANCE PAYMENTS

<TABLE>
<S>                                               <C>             <C>
AIRFRAME MODEL/MTOW:                                737-79P       140,000 POUNDS
ENGINE MODEL/THRUST:                              CFM56-7B22       22,000 POUNDS
AIRFRAME PRICE:                                                     ***
OPTIONAL FEATURES:                                                  ***
SUB-TOTAL OF AIRFRAME AND FEATURES:                                 ***
ENGINE PRICE (PER AIRCRAFT):                                        ***
AIRCRAFT BASIC PRICE (EXCLUDING BFE/SPE):                           ***
BUYER FURNISHED EQUIPMENT (BFE) ESTIMATE:                           ***
SELLER PURCHASED EQUIPMENT (SPE) ESTIMATE:                          ***

REFUNDABLE DEPOSIT/AIRCRAFT AT PROPOSAL ACCEPT:   ***

DETAIL SPECIFICATION:                             D019A001; DATED APRIL 30, 2004
AIRFRAME PRICE BASE YEAR/ESCALATION FORMULA:      JUL-05          ECI-W AFM
ENGINE PRICE BASE YEAR/ESCALATION FORMULA:        N/A             N/A

AIRFRAME ESCALATION DATE:
BASE YEAR INDEX (ECI):                            ***
BASE YEAR INDEX (ICI):                            ***
</TABLE>

<TABLE>
<CAPTION>
                           ESCALATION    ESCALATION ESTIMATE   ADVANCE PAYMENT PER AIRCRAFT (AMTS. DUE/MOS. PRIOR TO DELIVERY):
DELIVERY     NUMBER OF       FACTOR      ADV PAYMENT BASE      ----------------------------------------------------------------
  DATE        AIRCRAFT     (AIRFRAME)      PRICE PER A/P                 ***          ***          ***          ***
----------   ----------   -----------   --------------------          ----------   ----------   ----------   ----------
<S>          <C>          <C>           <C>                    <C>                 <C>          <C>          <C>
***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

Total:          11
</TABLE>

P.A.No. 3032
38839-1F.TXT                   BOEING PROPRIETARY                         S.A. 1

<PAGE>

                                   TABLE 4 TO
                           PURCHASE AGREEMENT NO. 3032

                                BLOCK D AIRCRAFT

           AIRCRAFT DELIVERY, DESCRIPTION, PRICE AND ADVANCE PAYMENTS

<TABLE>
<S>                                               <C>             <C>
AIRFRAME MODEL/MTOW:                                737-800       164,000 POUNDS
ENGINE MODEL/THRUST:                              CFM56-7B26       28,400 POUNDS
AIRFRAME PRICE:                                                     ***
OPTIONAL FEATURES:                                                  ***
SUB-TOTAL OF AIRFRAME AND FEATURES:                                 ***
ENGINE PRICE (PER AIRCRAFT):                                        ***
AIRCRAFT BASIC PRICE (EXCLUDING BFE/SPE):                           ***
BUYER FURNISHED EQUIPMENT (BFE) ESTIMATE:                           ***
SELLER PURCHASED EQUIPMENT (SPE) ESTIMATE:                          ***
REFUNDABLE DEPOSIT/AIRCRAFT AT PROPOSAL ACCEPT:                     ***

DETAIL SPECIFICATION:                             D019A001CEA38P-1 REV B(10/3/2005)
AIRFRAME PRICE BASE YEAR/ESCALATION FORMULA:      JUL-05          BCI-W AFM
ENGINE PRICE BASE YEAR/ESCALATION FORMULA:        N/A             N/A

AIRFRAME ESCALATION DATE:
BASE YEAR INDEX (ECI):                            ***
BASE YEAR INDEX (ICI):                            ***

</TABLE>

<TABLE>
<CAPTION>
                          ESCALATION    ESCALATION ESTIMATE    ADVANCE PAYMENT PER AIRCRAFT (AMTS. DUE/MOS. PRIOR TO DELIVERY):
DELIVERY     NUMBER OF       FACTOR      ADV PAYMENT BASE      --------------------------------------------- ------------------
  DATE        AIRCRAFT     (AIRFRAME)      PRICE PER A/P                 ***          ***          ***          ***
----------   ----------   -----------   --------------------          ----------   ----------   ----------   ----------
<S>          <C>          <C>           <C>                    <C>                 <C>          <C>          <C>
***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

***          ***           ***               ***                      ***          ***          ***          ***

Total:           5
</TABLE>

P.A. No. 3032
38746-1F.TXT                   BOEING PROPRIETARY                         S.A. 1

<PAGE>

                             AIRCRAFT CONFIGURATION

                                     between

                               THE BOEING COMPANY

                                       and

                       CHINA EASTERN AIRLINES CORPORATION LTD.

                  EXHIBIT A-1 to Purchase Agreement Number 3032

                          BLOCK A AND BLOCK C AIRCRAFT

P.A. No. 3032                         A-1                                 S.A. 1
                               BOEING PROPRIETARY

<PAGE>

                             AIRCRAFT CONFIGURATION

                              Dated APRIL 10, 2006

                                   relating to

                         BOEING MODEL 737-79P AIRCRAFT

     The Detail Specification is Boeing Detail Specification D019A001CEA37P-1,
Revision TBD. Such Detail Specification will be comprised of Boeing
Configuration Specification D019A001 dated as of April 30, 2004, and shall
include the Options listed below, including the effects on Manufacturer's Empty
Weight (MEW) and Operating Empty Weight (OEW). As soon as practicable, Boeing
will furnish to Customer copies of the Detail Specification, which copies will
reflect such Options. The Aircraft Basic Price reflects and includes all effects
of such Options, except such Aircraft Basic Price does not include the price
effects of any Buyer Furnished Equipment or Seller Purchased Equipment.

P.A. No. 3032                         A-1-1                               S.A. 1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-l to
Purchase Agreement No. 3032
Page 2

<TABLE>
<CAPTION>
                                                                         2005
                                                                        $ Price
     CR                               Title                             Per A/C
-----------   -----------------------------------------------------   ----------
<S>           <C>                                                     <C>
0110-000026   MINOR MODEL 737-700 PASSENGER AIRPLANE                  ***
0110-000030   MAJOR MODEL 737 AIRPLANE                                ***
0110-000099   LOA-MAJOR MODEL 737 AIRPLANE                            ***
0110-000101   LOA-MINOR MODEL 737-700 PASSENGER AIRPLANE              ***
0160A595A01   AIRPLANE IDENTIFICATION NUMBERS                         ***
0220-000040   FAA TYPE CERTIFICATION                                  ***
0220B777A99   MP-HIGH ALTITUDE AIRPORT OPERATION WITH 2CFM56-7
              ENGINES UP TO 12,000 FEET                               ***
0224-000014   NO EXTENDED RANGE TWIN ENGINE OPERATIONS (ETOPS)        ***
0228-000001   FLIGHT MANUALS IN FAA FORMAT                            ***
0228-000032   OPERATIONS MANUAL IN FAA FORMAT                         ***
0252-000055   METRIC UNITS FOR FLIGHT MANUAL, OPERATIONS MANUAL,
              FUEL QUANTITY SYSTEM, CDS INDICATIONS AND FMCS
              WEIGHTS                                                 ***
0253C390A56   MP-BUYER FURNISHED EQUIPMENT-FLIGHT DECK
              EQUIPMENT-PROCUREMENT REVISION-SPE TO BFE               ***
0253C591A58   MP-BUYER FURNISHED EQUIPMENT-PROCUREMENT REVISION-BFE
              TO SPE                                                  ***
0254-000003   USPHS CERTIFICATE OF SANITARY CONSTRUCTION              ***
0315A595A44   CERTIFIED STRUCTURAL DESIGN AND OPERATIONAL WEIGHTS
              737-700-CEA 136,000 LB MTW                              ***
0315B370A25   MP-INCREASE MAXIMUM TAKEOFF WEIGHT FROM 136000 TO
              140000                                                  ***
0315B777A98   MP-CERTIFIED OPERATIONAL AND STRUCTURAL DESIGN
              WEIGHTS                                                 ***
0315C591B21   MP-CERTIFIED OPERATIONAL AND STRUCTURAL DESIGN
              WEIGHTS (140000 MTOW)                                   ***
0352-000003   AIRPLANE CUSTOMIZED LOADING SCHEDULE FOR WEIGHT AND
              BALANCE CONTROL - UNIVERSAL INDEX LOADING               ***
1110A051I59   EXTERIOR COLOR SCHEME AND MARKINGS - 737                ***
1120-000036   ENGINE WARNING STRIPES AND DECALS-FUSELAGE              ***
1120-000135   REGISTRY MARKINGS ON WING-24 INCH HEIGHT                ***
1120A136A42   REGISTRY MARKINGS ON WING-UPPER SURFACE OF RIGHT
              WING-24 INCH HEIGHT                                     ***
1120A277A15   CHINESE DECALS - INSTALLATION-ENTRY/SERVICE DOORS       ***
1120A625E82   EXTERIOR PLACARDS AND MARKINGS - BI-LINGUAL - CHINESE
              AND ENGLISH - COMPLETE MAINTENANCE AND SERVICING
              STENCILS & DECALS                                       ***
1127B554B68   MP - MAINTENANCE MARKINGS - INSTL - BILINGUAL INFLATE
              TIRES WITH NITROGEN ONLY STENCILS                       ***
1130-000060   LOWER LOBE CARGO COMPARTMENT LOADING PLACARDS -
              KILOGRAMS PER SQUARE METER                              ***
1130A051K12   INSTALL INTERIORS PASSENGER COMPARTMENT PLACARDS AND
              MARKINGS-737                                            ***
113OA397A08   CAAC BILINGUAL PLACARD INSTALLATION - CARGO
              COMPARTMENT                                             ***
1130B636A65   MP - PASSENGER COMPARTMENT PLACARDS AND MARKINGS -
              REVISION-CEA 737-700                                    ***
2130-000010   600 FPM CABIN PRESSURE ASCENT RATE                      ***
</TABLE>

PA. No. 3032                          A-l-2                               S.A. 1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-1 to
Purchase Agreement No. 3032
Page 3

<TABLE>
<CAPTION>
                                                                         2005
                                                                        $ Price
     CR                               Title                             Per A/C
-----------   -----------------------------------------------------   ----------
<S>           <C>                                                     <C>
2130-000012   350 FPM CABIN PRESSURE DESCENT RATE                     ***
2158-000002   NO BLOW THROUGH COOLING - E8 RACK                       ***
2160-000024   CABIN TEMPERATURE INDICATION - DEGREES CELSIUS          ***
2170-000021   OZONE CONTROL - SPACE PROVISIONS FOR CATALYTIC
              CONVERTERS                                              ***
2210-000003   AUTOFLIGHT - INHIBIT GLIDE SLOPE CAPTURE PRIOR TO
              LOCALIZER CAPTURE                                       ***
2210-000121   AUTOFLIGHT - ACTIVATION OF CONTROL WHEEL STEERING
              REVERSION IN APPROACH MODE                              ***
2210-000123   AUTOFLIGHT - FLIGHT DIRECTOR TAKEOFF MODE WINGS LEVEL   ***
2210-000128   AUTOFLIGHT - CONTROL WHEEL STEERING WARNING             ***
2210-000130   AUTOFLIGHT - AIRSPEED DEVIATION WARNING                 ***
2210-000142   AUTOFLIGHT - ALTITUDE ALERT - 300/900 FEET              ***
2210-000221   AUTOFLIGHT - MODE CONTROL PANEL WITH SPEED AND
              ALTITUDE INTERVENTION                                   ***
2210A051A79   MP-DFCS-FLIGHT DIRECTOR TAKEOFF MODE-HEADING SELECT
              IN LIEU OF WINGS LEVEL                                  ***
2210C430A09   MP-AUTOFLIGHT GO AROUND ROLL MODE NAV IN LIEU OF
              TRACKHOLD                                               ***
2230-000137   AUTOTHROTTLE - MCS - TAKEOFF PROFILE THRUST REDUCTION
              ALTITUDE                                                ***
2310A213A74   COMMUNICATIONS CONTROL PANELS - TRIPLE GABLES RADIO
              TUNING PANELS CAPABLE OF (2) HF SYSTEMS AND (3) VHF
              SYSTEMS (8.33 KHZ CAPABLE) P/N G7404-24 - BFE/SPE       ***
2310B370D70   MP-COMMUNICATIONS CONTROL PANELS-REPLACEMENT-TRIPLE
              GABLES RADIO TUNING PANELS                              ***
2311-000304   HF COMMUNICATIONS - SYSTEM INSTALLATION OF SINGLE
              HONEYWELL INTERNATIONAL INC. HF
              TRANSCEIVER - P/N 964-0452-011 - AND DIGITAL HF
              COUPLER - P/N 964-0453-011 - BFE/SPE                    ***
2311A083D64   MP-HF COMMUNICATIONS-SINGLE ROCKWELL  HF VOICE/DATA
              TRANSCEIVER IN LIEU OF SINGLE ALLIEDSIGNAL HF
              VOICE/DATA TRANSCEIVER                                  ***
2311B694B22   MP - HF COMMUNICATIONS SYSTEM - INSTALLATION - DUAL
              ROCKWELL HF TRANSCEIVERS IN LIEU OF SINGLE ROCKWELL
              HF TRANSCEIVERS - BFE                                   ***
2311C028G37   MP - HF COMMUNICATIONS SYSTEM - REPLACEMENT-HF VOICE/
              DATA TRAMSCEIVERS AND COUPLERS - ROCKWELL COLLINS -
              BFE                                                     ***
2312-000428   VHF COMMUNICATIONS - SYSTEM INSTALLATION OF TRIPLE
              ALLIEDSIGNAL RTA-44D FM IMMUNE ARINC 716/750 VHF
              TRANSCEIVERS WITH 8.33 KHZ CHANNEL SPACING AND CMC
              INTERFACE CAPABILITIES - 064-50000-0110 - BFE/SPE       ***
2321-000047   SELCAL - GABLES CONTROL PANEL - P/N G7165-01            ***
2321A213B46   SELCAL - TEAM FIVE CHANNEL DECODER - P/N SL3924AA01 -
              BFE/SPE                                                 ***
2322-000249   ACARS - PARTIAL PROVISIONS FOR SINGLE  ARINC 724B
              ACARS                                                   ***
2322-000393   ACARS - ARINC 716 VHF VOICE MODE PROTECTION             ***
</TABLE>

P.A. NO. 3032                         A-1-3                               S.A. 1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-l to
Purchase Agreement No. 3032
Page 4

<TABLE>
<CAPTION>
                                                                         2005
                                                                        $ Price
     CR                               Title                             Per A/C
-----------   -----------------------------------------------------   ----------
<S>           <C>                                                     <C>
2322A213B84   ACARS MANAGEMENT UNIT ARINC 724B UPGRADEABLE TO
              CMU - ALLIEDSIGNAL - INSTALLATION INTO EXISTING
              PARTIAL PROVISIONS - P/N 965-0758-001 - BFE/SPE         ***
2324B691A37   MP-EMERGENCY LOCATOR TRANSMITTER                        ***
2331A683A21   PASSENGER ADDRESS (PA) SYSTEM - SELECTED
              FEATURES - CHINA EASTERN (CEA) - INSTALLATION           ***
2331A683A25   PASSENGER ADDRESS - PRE-RECORDED ANNOUNCEMENT
              AND BOARDING MUSIC SYSTEM - MATSUSHITA - CHINA
              EASTERN (CEA)                                           ***
2331B815B53   MP - ADD UPGRADED OPERATIONAL SOFTWARE TO
              EXISTING PRE - RECORDED ANNOUNCEMENT AND
              BOARDING MUSIC MACHINE - BFE                            ***
2331C564B39   MP - PASSENGER ADDRESS - REVISION - PRAM/BMM -
              40 MB - CAP AND STOW NO-SMOKING
              DISCRETE - MATSUSHITA - BFE                             ***
2332-002423   VIDEO ENTERTAINMENT - OVERHEAD VIDEO
              SYSTEM - PARTIAL PROVISIONS - VIDEO DISTRIBUTION
              UNIT (VDU) BASED SYSTEMS                                ***
2332A612B87   VIDEO ENTERTAINMENT - OVERHEAD PSU VIDEO SYSTEM -
              MATSUSHITA - INSTALLATION - CHINA EASTERN(CEA)-
              BFE                                                     ***
2332A857C55   AIRSHOW 420 WITH AIRSHOW CONTROL UNIT - BFE/SPE         ***
2332A857C65   PARTIAL PROVISIONS FOR AIRSHOW 420 PASSENGER
              FLIGHT INFORMATION SYSTEM                               ***
2332B815G35   MP - OVERHEAD VIDEO ENTERTAINMENT - REPLACEMENT -
              SINGLE AISLE -MATSUSHITA HI-8 PLAYERS                   ***
2332C564C43   MP - AIRSHOW 420 PFIS - RELOCATION OF DIU               ***
2334C564B38   MP - AUDIO ENTERTAINMENT SYSTEM - INSTALLATION
              MPES MK II - 134 PAX - MATSUSHITA - SPE                 ***
2350B446C20   MP - AUDIO CONTROL PANEL - INSTALLATION -
              AVTECH CORP                                             ***
2351-000034   HAND HELD MICROPHONE - CAPTAIN AND FIRST
              OFFICER - ELECTROVOICE - P/N 903-1341 - BFE/SPE         ***
2351-000036   HAND HELD MICROPHONE - FIRST OBSERVER -
              ELECTROVOICE - P/N 903-1341 - BFE/SPE                   ***
2351-000042   CONTROL WHEEL PUSH TO TALK (PTT) SWITCH -
              STANDARD THREE POSITION                                 ***
2351A213A33   AUDIO INTEGRATION - INSTALLATION - TWO-PLUG
              AUDIO JACKS IN THE FLIGHT DECK                          ***
2351A213B78   BOOM MICROPHONE HEADSETS - CAPTAIN, FIRST
              OFFICER AND FIRST OBSERVER - TELEX AIRMAN 750 -
              P/N 64300-200 - BFE/SPE                                 ***
2371-000009   NO MONITOR JACK IN THE WHEEL WELL                       ***
2371-000053   SOLID STATE VOICE RECORDER ED56A AND SOLID
              STATE MICROPHONE/MONITOR ED56A - ALLIEDSIGNAL -
              2 HOUR RECORDING TIME - P/N 980-6022-001 & P/N
              980-6116-001 - BFE/SPE                                  ***
2433-000007   STANDBY BUS - STANDARD CONFIGURATION                    ***
2433-000008   STANDBY BUS - CONNECTION OF AIR TRAFFIC CONTROL
              (ATC) NO. 1                                             ***
2433-000010   STANDBY POWER - 60-MINUTE CAPABILITY                    ***
2433-000093   STANDBY BUS - LOADS ADDITION - FMCS, CDS & DME          ***
2451-000036   GALLEY G1 POWER - 12 KVA                                ***
2451-000049   GALLEY G4B POWER - 29.25 KVA                            ***
</TABLE>

P.A. No. 3032                         A-1-4                               S.A. 1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-l to
Purchase Agreement No. 3032
Page 5

<TABLE>
<CAPTION>
                                                                        2005
                                                                       $ Price
     CR                              Title                             Per A/C
-----------   ----------------------------------------------------   ----------
<S>           <C>                                                    <C>
2511-000271   SECOND OBSERVER STATION, WITHOUT ARMRESTS - ADDITION   ***
2513-000369   ROLLER SUNSHADES - INSTALLATION - NUMBER 2 AND 3
              WINDOWS - FLIGHT DECK - SFE                            ***
2513-000433   CUPHOLDER - INSTALLATION - SFIRST OFFICER'S SIDEWALL
              WITHOUT PRINTER OR AUDIO SELECTOR PANEL                ***
2520B069A04   SFE CARPET MATERIAL DEFINITION                         ***
2520B069A05   SFE GALLEY AND ENTRYWAY MAT MATERIAL DEFINITION        ***
2523A051J13   PASSENGER SERVICE UNITS - 134 PASSENGER
              CONFIGURATION                                          ***
2524A051J03   FORWARD LEFT HAND FULL HEIGHT WINDSCREEN/STOWAGE
              UNIT                                                   ***
2524A051J04   FIXED PARTITION/CURTAIN CLASS DIVIDER - 134
              PASSENGER CONFIGURATION                                ***
2524A051J73   BFE FULL HEIGHT RH OUTBOARD CLOSET                     ***
2524A595A17   CURTAIN AND TRACK-BETWEEN GALLEY Gl AND FORWARD RH
              CLOSET                                                 ***
2524A595A18   CURTAIN AND TRACK-BETWEEN FORWARD RH CLOSET AND
              WINDSCREEN/STOWAGE UNIT                                ***
2524A595A19   CURTAIN AND TRACK-BETWEEN LAVATORIES LD AND LE         ***
2524B636A31   MP - FIXED CLASS DIVIDER, CENTERLINE CEILING STOWAGE
              COMPATIBLE                                             ***
2525A051I75   FIRST CLASS PASSENGER SEATlNG - 2 ROWS AT 38 INCH
              PITCH                                                  ***
2525A051I80   ECONOMY CLASS PASSENGER SEATING - FOR 126 PASSENGERS   ***
2525A051J59   ATTENDANT SEATS FOR 737NG                              ***
2525B636A32   MP - FIRST CLASS PASSENGER SEATING FABRIC REVISION     ***
2525B636H84   MP-PASSENGER SEATING BE AEROSPACE IN LIEU OF RECARO
              - BFE                                                  ***
2525C159C53   MP - PASSENGER SEATING - INSTALLATION - B/E
              AEROSPACE - CEA - 700                                  ***
2527A832A37   FLOOR COVERING - CARPET, SERGED EDGES                  ***
2528A332B99   FORWARD CENTER OVERHEAD STOWAGE COMPARTMENT -
              PROVISIONED FOR PALLATIZED EQUIPMENT AND LIFE RAFTS    ***
2528A332C01   FIRST MID CABIN CENTER OVERHEAD STOWAGE COMPARTMENT
              - PROVISIONED FOR PALLETIZED EQUIPMENT AND LIFE
              RAFTS                                                  ***
2528A332C03   SECOND MID-CABIN CENTER OVERHEAD STOWAGE
              COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT
              AND LIFE RAFTS                                         ***
2528A595A27   LITERATURE POCKETS - SEMI RIGID                        ***
2528A625E83   OVERHEAD STOWAGE BINS - WITH HANDRAIL AND TWO
              MAGAZINE RACKS                                         ***
2529A051I65   ATTENDENT WORKSTATION - LAVATORY LA                    ***
2529A051J41   ATTENDANT WORKSTATION - LAVATORY LD                    ***
2530A051I60   G1 GALLEY                                              ***
2530A051I61   G4B GALLEY                                             ***
2530A051J46   GALLEY BFE/SPE COMPONENTS - CEA 737-700                ***
2530B636H94   MP - GALLEY REVISION - HIGH SPEED OVEN                 ***
2540A051K18   LD LAVATORY - WITH BIFOLD DOORS                        ***
2540A051K20   LE LAVATORY - WTTH BIFOLD DOORS                        ***
254OA051K21   LA LAVATORY                                            ***
</TABLE>

P.A. No.3032                          A-1-5                               S.A. 1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-l to
Purchase Agreement No. 3032
Page 6

<TABLE>
<CAPTION>
                                                                              2005
                                                                             $ Price
     CR                                 Title                                Per A/C
-----------   --------------------------------------------------------     ----------
<S>           <C>                                                          <C>
2552-000117   CARGO COMPARTMENT NETS WITH NYLON TYPE WEB SUPPORTS          ***
2552-000233   FLOOR PANELS - FORWARD CARGO COMPARTMENT - 0.071 INCH
              THICKNESS ALUMINUM                                           ***
2552-000235   FLOOR PANELS - AFT CARGO COMPARTMENT - 0.071 THICKNESS       ***
2552-000253   CEILING LINER - FORWARD CARGO COMPARTMENT - 0.030
              THICKNESS BMS-8-223                                          ***
2552-000255   CEILING LINER - AFT CARGO COMPARTMENT - 0.030 THICKNESS
              BMS-8-223                                                    ***
2552-000259   UPPER SIDEWALL LINER - AFT CARGO COMPARTMENT - 0.045
              THICKNESS BMS 8-2                                            ***
2552A244B65   SIDEWALL LINER - FORWARD CARGO COMPARTMENT - 0.045
              THICKNESS BMS 8-2                                            ***
2552A244B66   LOWER SIDE WALL LINER - AFT CARGO COMPARTMENT - 0.045
              THICKNESS BMS 8-2                                            ***
2552A244B67   STA 731 BULKHEAD - 0.045 THICKNESS BMS 8-2                   ***
2560-000176   HALON FIRE EXTINGUISHER - FLIGHT DECK - WALTER KIDDE         ***
25600-00178   PROTECTIVE BREATHING EQUIPMENT - FLIGHT DECK - SCOTT
              AVIATION - P/N 802300-14-BFE/SPE                             ***
2560-000190   FLASHLIGHTS WITH SHIELD, TWO - FLIGHT DECK - DME - P/N
              P2-07-0001-214-BFE/SPE                                       ***
2560-000269   CREW LIFE VEST STOWAGE - FLIGHT DECK, SECOND OBSERVER -
              CAPTAIN'S SEAT BACK                                          ***
2560A331A83   CREW LIFE VESTS - FLIGHT DECK, WITH SECOND OBSERVER - AIR
              CRUISERS - P/N 63600-537-BFE/SPE                             ***
2560C390A45   MP - PROTECTIVE BREATHING EQUIPMENT - FLIGHT DECK - BE
              AEROSPACE IN LIEU OF SCOTT AVIATION                          ***
2560C465A64   MP -PROTECTIVE BREATHING EQUIPMENT - INSTALLATION -
              FLIGHT DECK - B/E AEROSPACE - P/N 119003-11 SPE              ***
2562A051M47   OVERWATER EMERGENCY EQUIPMENT - 134 PASSENGER
              CONFIGURATION WITH 56-PERSON LIFERAFTS INSTALLED IN
              OVERHEAD STOWAGEBINS                                         ***
2562A625E58   OVER WATER EMERGENCY EQUIPMENT - THREE 56 PERSON LIFE
              RAFTS IN THE CENTER OVERHEAD STOWAGE UNITS                   ***
2562C434A88   MP - OVERWATER EMERGENCY EQUIPMENT - INSTL - EIGHT INFANT
              LIFE VESTS IN LIEU OF FOUR                                   ***
2562C59IA76   MP - OVER WATER EMERGENCY EQUIPMENT - SPE                    ***
2564A051K51   DETACHABLE EMERGENCY EQUIPMENT - PASSENGER COMPARTMENT       ***
2564B636A19   MP - DETACHABLE EMERGENCY EQUIPMENT LOCATION REVISIONS       ***
2564B636K06   MP - DETACHABLE BMERGENCY EQUIPMENT - AFT WALL MOUNTED
              SMOKEHOODS - BE AEROSPACE                                    ***
2564C160B34   MP - DETACHABLE EMERGENCY EQUIPMENT - INSTL - PASSENGER
              COMPARTMENT AM-SAFE EXTENSION/DEMO BELTS IN LIEU OF DAVID
              - BFE                                                        ***
2564C434B58   MP - SEAT BELT EXTENSION REPLACEMENT - AMSAFE - BFE          ***
2613A051K14   LAVATORY SMOKE DETECTORS - 737 - PART NUMBER PU90-461 WITH
              ATTENDANT CHIME/CALL LIGHT INTERFACE                         ***
</TABLE>

P.A. No. 3032                        A-1-6                                 S.A.1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-l to
Purchase Agreement No. 3032
Page 7

<TABLE>
<CAPTION>
                                                                         2005
                                                                        $ Price
     CR                               Title                             Per A/C
-----------   -----------------------------------------------------   ----------
<S>           <C>                                                     <C>
2622-000047   APU FIRE EXTINGUISHER BOTTLE - COMMOM WITH ENGINES      ***
2825-000002   COVER PLATE AND TUBING INSTALLATION - NO APU FUEL
              BOOST PUMP                                              ***
2841-000004   STANDARD FUEL SYSTEM ACCURACY - NO FUEL DENSITOMETERS   ***
2841-000012   FUEL QUANTITY INDICATORS ON RIGHT WING FUELING PANEL    ***
2844-000004   FUEL MEASURING STICKS IN LINEAR UNITS WITH CONVERSION
              TABLES IN KILOGRAMS                                     ***
2911-000041   ENGINE DRIVEN HYDRAULIC PUMPS WITH VESPEL SPLINE -
              ABEX(10-62167)                                          ***
2911-000043   AC MOTOR-DRIVEN HYDRAULIC PUMPS - ABEX (10-60556)       ***
3041-000003   NO HEATED FLIGHT COMPARTMENT NUMBER 3 WINDOW            ***
3131-000143   ACCELEROMETER - Honeywell P/N 971-4193-001 - BFE/SPE    ***
3131-000187   DIGITAL FLIGHT DATA RECORDER - ALLIEDSIGNAL - 256
              WORDS PER SECOND MAXIMUM DATA RATE -
              P/N 980-4700-042 BFE/SPE                                ***
3131A218A54   DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) WITH
              ACMS CAPABILITY AND INTEGRATED OPTICAL DISKETTE
              DRIVE-TELEDYNE CONTROLS P/N 2233000-815-l -BFE/SPE      ***
3132-000098   AIRBORNE DATA LOADER/RECORDER - ARINC 615 -
              ALLIEDSIGNAL - 964-0401-016 BFE/SPE                     ***
3133-000045   MULTI-INPUT PRINTER - ALLIEDSIGNAL - ARINC 740 P/N
              8055515-4507 - BFE/SPE                                  ***
3133-000123   ARINC 740 PRINTER PROVISIONS IN THE FLIGHT DECK
              AISLESTAND                                              ***
3161-000070   ENGINE OIL QUANTITY DISPLAY - QUARTS - ENGINE DISPLAY   ***
3161-000133   ENGINE FUEL FLOW - FULL TIME DISPLAY - PRIMARY ENGINE
              DIAPLAY UNIT                                            ***
3161-000163   CONTROL SURFACE POSITION INDICATION - SYSTEMS DISPLAY   ***
3162-000018   ATTITUDE COMPARATOR - FLASHING - ADI                    ***
3162-000022   FLIGHT DIRECTOR COMMAND DISPLAY - SPLIT AXIS - ADI      ***
3162-000028   RADIO ALTITUDE - BELOW ADI                              ***
3162-000030   RISING RUNWAY - DISPLAYED ON THE ADI                    ***
3162-000036   LANDING ALTITUDE REFERENCE BAR - PRIMARY FLIGHT
              DISPLAY                                                 ***
3162-000040   BARO MINIMUMS POINTER - DISPLAYED ON SELECTION OF
              RADIO ALTITUDE MINIMUMS - PRIMARY FLIGHT DISPLAY        ***
3162-000044   TCAS RESOLUTION ADVISORY - VSI                          ***
3162-000046   SINGLE CHANNEL AUTOPILOT ANNUNCIATION - ABOVE ADI       ***
3162-000051   ILS LOCALIZER DEVIATION EXPANDED SCALE - AUTOPILOT OR
              FLIGHT DIRECTOR MODE                                    ***
3162-000059   MAP MODE ORIENTATION - TRACK UP - NAVIGATION DISPLAY    ***
3162-000064   RANGE ARCS - NAVIGATION DISPLAY                         ***
3162-000079   MANUALLY TUNED VOR SELECTED COURSE LINES DISPLAYED -
              NAVIGATION DISPLAY                                      ***
3162-000084   TCAS 3 NM RANGE RING - NAVIGATION DISPLAY               ***
3162-000088   AIRSPEED BUG - ENABLED - 80 KNOT SETTING - MACH
              AIRSPEED INDICATOR                                      ***
</TABLE>

P.A. No. 3032                         A-1-7                                S.A.1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-l to
Purchase Agreement No. 3032
Page 8

<TABLE>
<CAPTION>
                                                                    2005
                                                                   $ Price
     CR                             Title                          Per A/C
-----------   ------------------------------------------------   ----------
<S>           <C>                                                <C>
3162-000218   GROUND SPEED-DISPLAYED BELOW AIRSPEED TAPE
              WHEN MACH NUMBERS NOT DISPLAYED - PLIMARY FLIGHT
              DISPLAY                                            ***
3162-000355   VI AURAL CALLOUT - FLIGHT DECK                     ***
3162A213A02   CDS DISPLAY - PFD/ND FORMAT - OVER AND UNDER
              ENGINE PRESENTATION                                ***
3244-000008   SERVICE INTERPHONE CONNECTOR - EXTERNAL POWER
              PANEL                                              ***
3245-000043   BRAKES - STEEL - ALLIEDSIGNAL                      ***
3245-000091   WHEELS AND TIRES - MAIN LANDING GEAR - WHEELS
              - ALLIEDSIGNAL - INSTALLATION WITH SFE 26 PR,
              225 MPH TIRES                                      ***
3245-000097   WHEELS AND TIRES - NOSE LANDING GEAR - WHEELS
              - ALLEDSIGNAL - INSTALLATION WITH SFE 12 PR,
              225 MPH RADIAL TIRES                               ***
3245A452B25   MP-MAIN LANDING GEAR-HIGH GROSS WEIGHT WHEELS
              AND 28 PR TIRES-ALLIEDSIGNAL                       ***
3246-000018   BRAKE TEMPERATURE MONITORING SYSTEM                ***
3321-000001   PASSENGER CABIN LIGHTING - SINGLE-ZONE CONTROL     ***
3324A694F77   NO SMOKING SIGN - PERMANENT ILLUMINATION-
              REVISION                                           ***
3342-000033   NOSE GEAR TAXI LIGHT - NO AUTOMATIC SWITCHOFF
              AT RETRACTION                                      ***
3342-000035   NOSE GEAR TAXI LIGHT - 250-WATT                    ***
3350A704A19   EMERGENCY ESCAPE PATH LIGHTING - FLOOR MOUNTED
              - PHOTOLUMINESCENT                                 ***
3412-000022   DUAL ELEMENT NON-ASPIRATED TAT PROBE               ***
3423-000023   STANDBY ATTITUDE INDICATOR - SEXTANT AVIONIQUE
              - SFE                                              ***
3423B370A66   MP-INSTALL INTEGRATED STANDBY FLIGHT DISPLAY       ***
3430-000112   ILS/GPS MULTI-MODE RECEIVER(MMR) -
              ALLIEDSIGNAL - P/N 066-50029 - 1101 - BFE/SPE      ***
3430B859D32   MP - ILS/GPS MMR - REVISION - HONEYWELL MMR IN
              LIEU OF ALLIEDSIGNAL - BFE                         ***
3431A136A66   VHF NAV/DME CONTROL PANEL - INSTALLATION -
              BFE/SPE CABLES P/N G7500-03                        ***
3433-000044   RADIO ALTIMETER(RA) - ALLIEDSIGNAL INC - P/N
              066-50007-0101 - BFE/SPE                           ***
3433A083D65   MP-REPLACEMENT-THALES RADIO ALTIMETER IN LIEU
              OF ALLIEDSIGNAL RADIO ALTIMETER                    ***
3443-000036   SINGLE WEATHER RADAR CONTROL PANEL -
              ALLIEDSIGNAL P/N 2041223-0414 - BFE/SPE            ***
3443A218A16   SINGLE WEATHER RADAR SYSTEM - WITH PREDICTIVE
              WINDSHEAR - ALLIEDSIGNAL TRANSCEIVER P/N
              066-50008-0406 - BFE/SPE                            ***
3443B446C15   MP - SINGLE WEATHER RADAR CONTROL PANEL
              REVISION - ROCKWELL WITH MULTISCAN IN LIEU OF
              ALLIEDSIGNAL - BFE                                 ***
3443B446C16   MP - WEATHER RADAR - REPLACEMENT - MULTISCAN
              CAPABLE WEATHER RADAR TRANCEIVER AND ANTENNA
              DRIVE - ROCKWELL COLLINS IN LIEU OF
              ALLIEDSIGNAL - BFE                                 ***
3445A065A20   TCAS SYSTEM- ALLIEDSIGNAL TCAS COMPUTER P/N
              066-50000- 2220 - TCAS CHANGE 7 COMPLIANT -
              BFE/SPE                                            ***
</TABLE>

P.A. No. 3032                         A-1-8                               S.A. 1
                               BOEING PROPRIETARY

<PAGE>

Exhibit A-1 to
Purchase Agreement No. 3032
Page 10

<TABLE>
<CAPTION>
                                                                         2005
                                                                        $ Price
     CR                               Title                             Per A/C
-----------  ------------------------------------------------------   ----------
<S>          <C>                                                      <C>
3461A425A40  FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- VERTICAL       ***
             NAVIGATION PROFILE- ""VNAV ALT""- ENABLE
3511-000002  CREW OXYGEN CYLINDER - 76 CU. FT. CAPACITY               ***
3511-000012  REMOTE CREW OXYGEN FILL STATION                          ***
3511-000188  CREW OXYGEN MASKS - AUTOMATIC PRESSURE BREATHING TYPE-   ***
             CAPTAIN, FIRST OFFICER, AND TWO OBSERVERS - EROS -
             BFE/SPE
3811-000016  POTABLE WATER - SMALL CAPACITY TANK - SERVICEABLE TO 40  ***
             GALLONS
3811-000025  POTABLE WATER SYSTEM - ADDITIONAL FREEZE PROTECTION      ***
3812-000002  NO WATER QUANTITY GAUGE - WATER SERVICE PANEL            ***
3831-000024  NO GRAY WATER LEVEL DRAIN LINE ROUTING - FORWARD CARGO   ***
             HOLD
3832-000032  VACUUM WASTE SYSTEM - MONOGRAM TOILET ASSEMBLIES         ***
3832-000077  SENSOR FOULED LIGHT - VACUUM WASTE SYSTEM SERVICE PANEL  ***
3832-000078  NO WASTE, QUANTITY GAUGE - COVER PLATE                   ***
3910A637B86  AFT ELECTRONIC CONTROL PANEL ARRANGEMENT WITH ARINC 740  ***
             PRINTER - CEA - 757-700
3920-000039  NO E6 RACK INSTALLATION - COMPLETION OF BASELINE         ***
             AIRLINE AFT CARGO COMPARTMENT
5200-000037  HOLD-OPEN LOCK (UP-TO-RELEASE) - ENTRY AND SERVICE       ***
             DOORS
5300-000027  UNDERSEAT FLOOR PANELS, LOW TRAFFIC CAPABILITY           ***
5730C439A19  MP-WING TIP - INSTALL WINGLETS - AVIATION PARTNERS       ***
             BOEING (APB)-SPE
7110-000013  HAND PUMP FOR THRUST REVERSER COWL C-DUCTS - FLYAWAY     ***
             EQUIPMENT
7110A595A55  THRUST REVERSER DEACTIVATION KIT - 737-700 CEA           ***
7200-000115  CFM56-7 ENGINES - 7B20 RATING                            ***
7200-000224  SINGLE ANNULAR COMBUSTOR - CFM56-7 ENGINES               ***
7200-000415  CFMI INTERNATIONAL PROPULSION SYSTEM                     ***
7200A367B12  MP-CFM56-7 ENGINES WITH 7B22 RATING IN LIEU OF 7B24      ***
             RATING
7200A795A43  MP -CFM56-7 ENGINES - 7B22 RATING IN LIEU OF 7B20        ***
7200B572C87  MP - ENGINE - CFM56-7 ENGINES - 7B24 RATING IN LEU OF    ***
             7B22
7700-000024  DEBRIS MONITORING SYSTEM - CFM56-7B ENGINES              ***
7900-000116  LUBRICATING OIL-MOBIL JET II                             ***
MISC         INTERIOR ALLOWANCE

OPTIONS:                                                     TOTALS:  ***
251
</TABLE>

P.A. NO. 3032                        A-1-10                                S.A.1
                               BOEING PROPRIETARY

<PAGE>

                             AIRCRAFT CONFIGURATION

                                     between

                               THE BOEING COMPANY

                                       and

                    CHINA EASTERN AIRLINES CORPORATION, LTD.

                  Exhibit A-2 to Purchase Agreement Number 3032

                          BLOCK B AND BLOCK D AIRCRAFT

P.A. No. 3032                          A-2                                 S.A.1
                               BOEING PROPRIETARY

<PAGE>

                              AIRCRAFT CONFIGURATION

                              Dated APRIL 10, 2006

                                   relating to

                         BOEING MODEL 737-89P AIRCRAFT

     The Detail Specification is Boeing Detail Specification D019A001CEA38P-1
Revision B, dated October 3, 2005. Such Detail Specification will be comprised
to incorporate the Options listed below, including the effects on Manufacturer's
Empty Weight (MEW) and Operating Empty Weight (OEW). As soon as practicable,
Boeing will furnish to Customer copies of the Detail Specification, which copies
will reflect such Options. The Aircraft Basic Price reflects and includes all
effects of such Options, except such Aircraft Basic Price does not include the
price effects of any Buyer Furnished Equipment or Seller Purchased Equipment.

P.A. No. 3032                         A-2-1                                S.A.1
                               BOEING PROPRIETARY

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. BOX 3707
                                        Seattle, WA 98124-2207

3032-02R1

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Aircraft Model Substitution

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737 - 89P aircraft (the
           Aircraft)

This letter agreement (Letter Agreement) amends and Supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement have the same
Meaning as in the Purchase Agreement.

Subject to the terms and conditions herein, Customer may substitute the purchase
of Boeing Model 737-800 aircraft (SUBSTITUTE AIRCRAFT) in place of any of the
Block A or Block C Aircraft. Correspondingly, Customer may substitute the
purchase of Boeing Model 737-700 aircraft (SUBSTITUTE AIRCRAFT) in place of any
of the Block B or Block D Aircraft.

1.   Customer's Written Notice.

Customer will provide written notice of its intention to substitute the purchase
of an Aircraft with the purchase of a Substitute Aircraft,

     (a) no later than the first day of the month that is twelve months prior to
the scheduled month of delivery of the Aircraft for which it will be
substituted, provided that a Substitute Aircraft has been previously certified
and delivered to Customer, or;

     (b) no later than the first day of the month that is fifteen months prior
to the scheduled month of delivery of the Aircraft for which it will be
substituted, if a Substitute Aircraft has not been previously certified and
delivered to Customer.

P.A. No. 3032                  BOEING PROPRIETARY                          S.A 1

<PAGE>

China Eastern Airlines Corporation, Ltd.
3032-02R1
Page 2

2.   Boeing's Production Capability.

Customer's substitution right is conditioned upon Boeing's having production
capability for the Substitute Aircraft in the scheduled delivery month of the
Aircraft for which it will be substituted.

Boeing will tentatively quote delivery positions for Substitute Aircraft to
allow Customer to secure quotes from Buyer Furnished Equipment vendors, and
Boeing to secure quotes from Seller Furnished Equipment vendors which supports
the required on-dock dates. If Boeing is unable to manufacture the Substitute
Aircraft in the scheduled delivery month of the Aircraft for which it will be
substituted, then Boeing shall promptly make a written offer of an alternate
delivery month for Customer's consideration and written acceptance within thirty
days of such offer.

3.   Definitive Agreement.

Customer's substitution right and Boeing's obligation in this Letter Agreement
are further conditioned upon Customer's and Boeing's executing a definitive
agreement for the purchase of the Substitute Aircraft within thirty (30) days of
Customer's substitution notice to Boeing or of Customer's acceptance of an
alternate delivery month in accordance with paragraph 2. above.

4.   Price and Advance Payments.

The Airframe Base Price, Optional Features Prices, Engine Price and Aircraft
Basic Price will be adjusted to Boeing's and the engine manufacturer's the__
current prices for such elements as of the date of execution of the definitive
purchase agreement for the Substitute Aircraft. The escalation indices and
methodology used to estimate the Advance Payment Base Prices will be adjusted to
Boeing's and the engine manufacturer's then-current provisions for such elements
as of the date of execution of the definitive purchase agreement for the
Substitute Aircraft.

If the Advance Payment Base Price for any Substitute Aircraft is higher than
that of the Aircraft, Customer will pay to Boeing the amount of the difference
as of the date of execution of the definitive agreement for the Substitute
Aircraft. If the Advance Payment Base Price of the Substitute Aircraft is lower
than that of the Aircraft, Boeing will retain any excess amounts previously paid
by Customer until the next payment is due from Customer, at which point Customer
may reduce the amount of such payment by the amount of the excess. In no case
will Boeing refund or pay interest on any excess amounts created by virtue of
Customer's exercise of the rights of substitution described in this agreement.

P.A. No. 3032                  BOEING PROPRIETARY                          S.A 1

<PAGE>

China Eastern Airlines Corporation, Ltd.
3032-02R1
Page 3

5.   Confidential Treatment.

Customer understands that certain commercial and financial information contained
in this Letter Agreement are considered by Boeing as confidential. Customer
agrees that it will treat this Letter Agreement and the information contained
herein as confidential and will not, without the prior written consent of
Boeing, disclose this Letter Agreement or any information contained herein to
any other person or entity.

P.A. No. 3032                  BOEING PROPRIETARY                          S.A 1

<PAGE>

China Eastern Airlines Corporation, Ltd.
3032-02R1
Page 4

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                    , 2006
      -------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its President

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its President

P.A. No. 3032                  BOEING PROPRIETARY                          S.A 1

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1122R1

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Liquidated Damages - Non-Excusable Delay

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft
           (the, Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement have the same
meaning as in the Purchase Agreement.

Definition of Terms:

NON-EXCUSABLE DELAY: Delay in delivery of any Aircraft beyond the last day of
the delivery month (Scheduled Delivery) established in the Purchase Agreement by
any cause that is not an Excusable Delay pursuant to Article 7 of the AGTA and
for which Customer is otherwise entitled to a remedy from Boeing pursuant to
applicable law.

1.   LIQUIDATED DAMAGES

     ***

PA No. 3032                    BOEING PROPRIETARY                          S.A.1
Liquidated_Damages_Non-Excusable_Delay

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1122R1
Page 2

2.   Interest.

     ***

3.   Right of Termination.

     Customer will not have the right to refuse to accept delivery of any
Aircraft because of a Non-Excusable Delay unless and until the aggregate
duration of the Non-Excusable Delay for such Aircraft exceeds 180 days
(Non-Excusable Delay Period). After such Non-Excusable Delay Period, either
party may terminate the Purchase Agreement as to such Aircraft by written or
telegraphic notice given to the other.

4.   Termination.

     If the Purchase Agreement is terminated with respect to any aircraft for a
Non-Excusable Delay, Boeing will, in addition to paying Liquidated Damages and
Interest as described above, promptly repay to Customer the entire
principal amount of the advance payments received by Boeing for such Aircraft.

5.   Exclusive Remedies.

     The Liquidated Damages and Interest payable in accordance with Paragraphs 1
and 2 of this Letter Agreement, and Customers's right to terminate pursuant to
this Letter Agreement are Customer's exclusive remedies for a Non-Excusable
Delay and are in lieu of all other damages, claims, and remedies of Customer
arising at law or otherwise for any Non-Excusable Delay in the Aircraft
delivery. Customer hereby waives and renounces all other claims and remedies
arising at law or otherwise for any such Non-Excusable Delay.

P.A. No. 3032                  BOEING PROPRIETARY                          S.A.1
Liquidated_Damages_Non-Excusable_Delay

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1122R1
Page 3

6. Confidential Treatment

     Customer understands that certain commercial and financial information
contained in this Letter Agreement is considered by Boeing as confidental.
Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing disclose this Letter Agreement or any information contained herein to
any other person or entity.

P.A. No. 3032                  BOEING PROPRIETARY                          S.A.1
Liquidated_Damages_Non-Excusable_Delay

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1122R1
Page 4

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                         , 2006
      ------------------------

CHINA EASTERN AIRLINES CORPORATION,
LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its President

CHINA EASTERN AVIATION IMPORT &
EXPORT CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its President

P.A. No.3032                   BOEING PROPRIETARY                         S.A. 1
Liquidated_Damages_Non-Excusable_Delay

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1123R1

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Aircraft Performance Guarantees -- Block A, Block B, Block C and
           Block D Aircraft

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft (the
           Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement have the same
meaning as in the Purchase Agreement.

Boeing agrees to provide Customer with the performance guarantees in the
Attachment. These guarantees are exclusive and expire upon delivery of the
Aircraft to Customer.

Customer agrees not to disclose this Letter Agreement, attachments, or any other
information related to this Letter Agreement without prior written consent by
Boeing.

P.A No. 3032                   BOEING PROPRIETARY                         S.A. 1
Aircraft Performance_Guarantees

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1123R1
Page 2

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION,LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its President

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its President

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Aircraft Performance_Guarantees

<PAGE>

Attachment A to Letter Agreement
No.6-1165-CKR-1123Rl
CFM56-7B22 Engines
Page 1

                          BLOCK A AND BLOCK C AIRCRAFT

               MODEL 737-79P WITH WINGLETS PERFORMANCE GUARANTEES

                  FOR CHINA EASTERN AIRLINES CORPORATION, LTD.

<TABLE>
<CAPTION>
SECTION             CONTENTS
-------             --------
<S>       <C>
   1      AIRCRAFT MODEL APPLICABILITY
   2      FLIGHT PERFORMANCE
   3      MANUFACTURER'S EMPTY WEIGHT
   4      AIRCRAFT CONFIGURATION
   5      GUARANTEE CONDITIONS
   6      GUARANTEE COMPLIANCE
   7      EXCLUSIVE GUARANTEES
</TABLE>

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No.6-1165-CKR-1123Rl
CFM56-7B22 Engines
Page 2

1    AIRCRAFT MODEL APPLICABILITY

     The guarantees contained in this Attachment (the "Performance Guarantees")
     are applicable to the 737-79P Aircraft with winglets and a maximum takeoff
     weight of 140,000 pounds (63,502 kilograms), a maximum landing weight of
     128,000 pounds (58,059 kilograms), a maximum zero fuel weight of 120,500
     pounds (54,657 kilograms), a fuel capacity of 6,875 U.S. Gallons (26,024
     liters), and equipped with Boeing furnished CFM56-7B22 engines.

2    FLIGHT PERFORMANCE

2.1  TAKEOFF

2.1.1 ***

2.1.2 ***

PA NO. 3032                                                               S.A. 1
AERO-B-BBA4-M05.1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
N0. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 3

2.1.3   The FAA approved takeoff gross weight at the start of ground roll, at a
        temperature of 35 degrees C, at an altitude of 75 feet, from a 11,811
        foot runway, and satisfying the conditions defined below, and using
        maximum takeoff thrust, shall not be less than the following guarantee
        value:

        ***

        Conditions:

        ***

2.2     Landing

        ***

2.3     Speed

        ***

P.A. No. 3032                                                            S.A. 1
AERO-B-BBA4-MO5-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 4

2.4     CRUISE FUEL MILEAGE

2.4.1   ***

2.4.2   ***

2.4.3   ***

P.A. No. 3032                                                            S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 5

2.5  ALL ENGINE CLIMB

     ***

     Conditions and operating rules

     ***

     Climb: ***

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 6

2.6  MISSION

2.6.1 MISSION PAYLOAD

     ***

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No.6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 7

     Cruise: ***

     Descent: ***

     Approach
     and Landing
     Maneuver:   ***

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No.6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 8

     ***

2.6.2 OPERATIONAL EMPTY WEIGHT BASIS

     ***

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-MO5-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 9

2.63 737-700 WEIGHT SUMMARY - CHINA EASTERN AIRLINES

<TABLE>
<CAPTION>
                                                                  Pounds    (Kilograms)
                                                                ----------  -----------
<S>                                                             <C>         <C>
Standard Model Specification MEW                                ***         ***
   Configuration Specification D019A001 Rev. C
      dated April 28, 2000                                      ***         ***
   Developmental Changes to Configuration Specification         ***         ***
   140 Tourist Class Passengers                                 ***         ***
   CFM56-7 Engines                                              ***         ***
   133,500 Pounds (60,554 kg.) Maximum Taxi Weight              ***         ***
   6,875 U.S. Gallons (26,024 L) Fuel Capacity                  ***         ***
Changes for China Eastern Airlines                              ***         ***
   Interior Change to 134 (8FC/126YC) Passengers*
      (Ref: LOPS-377-1187)                                      ***         ***
   Increase Maximum Taxi Weight to 140,500 lb. (63,729 kg.)     ***         ***
   HGW Main Gear                                                ***         ***
   60-Minute Standby Power Capability                           ***         ***
   Strengthened Cargo Compartment Panels and Linings            ***         ***
   Audio and Video Entertainment System                         ***         ***
   Centerline Overhead Stowage                                  ***         ***
   Winglets                                                     ***         ***
   Additional Accepted Change Requests                          ***         ***

CHINA EASTERN AIRLINES MANUFACTURER'S EMPTY WEIGHT (MEW)        ***         ***
   Standard and Operational Items Allowance
      (Paragraph 2.6.4)                                         ***         ***

CHINA EASTERN AIRLINES OPERATIONAL EMPTY WEIGHT (OEW)           ***         ***
</TABLE>

<TABLE>
<CAPTION>
                                                Quantity     Pounds      Pounds    (Kilograms)
                                               ----------  ----------  ----------  -----------
<S>                                            <C>         <C>         <C>         <C>
   First Class Doubles                         ***         ***         ***          ***
   Economy Class Triple                        ***         ***         ***          ***
   Economy Class Triple w/3 In-Arm Food Trays  ***         ***         ***          ***
</TABLE>

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 10

2.6.4 STANDARD AND OPERATIONAL ITEMS ALLOWANCE

<TABLE>
<CAPTION>
                                                   Qty       Pounds      Pounds      Pounds    (Kilograms)
                                               ----------  ----------  ----------  ----------  -----------
<S>                                            <C>         <C>         <C>         <C>         <C>
STANDARD ITEMS ALLOWANCE                       ***         ***         ***         ***          ***
   Unusable Fuel                               ***         ***         ***         ***          ***
   Oil                                         ***         ***         ***         ***          ***
   Oxygen Equipment                            ***         ***         ***         ***          ***
      Passenger Portable                       ***         ***         ***         ***          ***
      Crew Masks                               ***         ***         ***         ***          ***
   Miscellaneous Equipment                     ***         ***         ***         ***          ***
      Crash Axe                                ***         ***         ***         ***          ***
      Megaphones                               ***         ***         ***         ***          ***
      Flashlights                              ***         ***         ***         ***          ***
      Smoke Hoods                              ***         ***         ***         ***          ***
      Seat Belt Extension                      ***         ***         ***         ***          ***
   Galley Structure & Fixed Inserts            ***         ***         ***         ***          ***

OPERATIONAL ITEMS ALLOWANCE                    ***         ***         ***         ***          ***
   Crew and Crew Baggage                       ***         ***         ***         ***          ***
      Flight Crew                              ***         ***         ***         ***          ***
      Cabin Crew                               ***         ***         ***         ***          ***
      Baggage                                  ***         ***         ***         ***          ***
      Briefcases                               ***         ***         ***         ***          ***
   Catering Allowance                          ***         ***         ***         ***          ***
      First Class                              ***         ***         ***         ***          ***
      Economy Class                            ***         ***         ***         ***          ***
   Passenger Service Equipment                 ***         ***         ***         ***          ***
   Portable Water - 40 USG                     ***         ***         ***         ***          ***
   Waste Tank Disinfectant                     ***         ***         ***         ***          ***
   Emergency Equipment                         ***         ***         ***         ***          ***
      Escape Slides - Forward                  ***         ***         ***         ***          ***
      Escape Slides - Aft                      ***         ***         ***         ***          ***
      Lifevests - Passengers and Crew          ***         ***         ***         ***          ***
      Lifevests - Infant                       ***         ***         ***         ***          ***
      Liferafts                                ***         ***         ***         ***          ***
      ELT                                      ***         ***         ***         ***          ***

TOTAL STANDARD AND OPERATIONAL ITEMS ALLOWANCE
</TABLE>

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
NO. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 11

3    MANUFACTURER'S EMPTY WEIGHT

     The Manufacturer's Empty Weight (MEW) is guaranteed not to exceed the value
     in Section 03-60-00 of Detail Specification D019A001CEA37P-1 plus one
     percent.

4    AIRCRAFT CONFIGURATION

4.1  The guarantees contained in this Attachment are based on the Aircraft
     configuration as defined in Revision H of Detail Specification
     D019A001CEA37P-1 (hereinafter referred to as the Detail Specification).
     Appropriate adjustment shall be made for changes in such Detail
     Specification approved by the Customer and Boeing or otherwise allowed by
     the Purchase Agreement which cause changes to the flight performance and/or
     weight and balance of the Aircraft. Such adjustment shall be accounted for
     by Boeing in its evidence of compliance with the guarantees.

4.2  The Manufacture's Empty Weight guarantee of Section 3 will be adjusted by
     Boeing for the following in its evidence of compliance with the guarantees:

     (1) Changes to the Detail Specification or any other changes mutually
     agreed upon between the Customer and Boeing or otherwise allowed by the
     Purchase Agreement.

     (2) The difference between the component weight allowances given in
     Appendix IV of the Detail Specification and the actual weights.

5    GUARANTEE CONDITIONS

5.1  All guaranteed performance data are based on the ICAO International
     Standard Atmosphere (ISA) and specified variations therefrom; altitudes are
     pressure altitudes.

5.2  The FAA Regulations (FAR) referred to in this Attachment are, unless
     otherwise specified, the 737-700 Certification Basis regulations specified
     in the Type Certificate Data Sheet A16WE, Revision 33, dated March 8, 2002.

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 12

5.3  In the event a change is made to any law, governmental regulation or
     requirement, or in the interpretation of any such law, governmental
     regulation or requirement that affects the certification basis for the
     Aircraft as described in Paragraph 5.2, and as a result thereof, a change
     is made to the configuration and/or the performance of the Aircraft in
     order to obtain certification, the guarantees set forth in this Attachment
     shall be appropriately modified to reflect any such change.

5.4  The takeoff and landing guarantees, and the takeoff portion of the mission
     guarantee are based on hard surface, level and dry runways with no wind or
     obstacles, no clearway or stopway, 225 mph tires, with Category A brakes
     and anti-skid operative, and with the Aircraft center of gravity at the
     most forward limit unless otherwise specified. The takeoff performance is
     based on no engine bleed for air conditioning or thermal anti-icing and the
     Auxiliary Power Unit (APU) turned off unless otherwise specified. Balanced
     field length calculations and the improved climb performance procedure will
     be used for takeoff as required. The landing performance is based on the
     use of automatic spoilers.

5.5  The speed, cruise fuel mileage, and all engine climb guarantees, and the
     climb, cruise and descent portions of the mission guarantee include
     allowances for normal power extraction and engine bleed for normal
     operation of the air conditioning system. Normal electrical power
     extraction shall be defined as not less than a 50 kilowatts total
     electrical load. Normal operation of the air conditioning system shall be
     defined as pack switches in the "Auto" position, the temperature control
     switches in the "Auto" position that results in a nominal cabin temperature
     of 75 degrees F, and all air conditioning systems operating normally. This
     operation allows a maximum cabin pressure differential of 8.35 pounds per
     square inch at higher altitudes, with a nominal Aircraft cabin ventilation
     rate of 2,200 cubic feet per minute including passenger cabin recirculation
     (nominal recirculation is 33 percent). The APU is turned off unless
     otherwise specified.

5.6  The speed, cruise fuel mileage, and all engine climb guarantees, and the
     climb, cruise and descent portions of the mission guarantee are based on an
     Aircraft center of gravity location of 22.2 percent of the mean aerodynamic
     chord.

5.7  Performance, where applicable, is based on a fuel Lower Heating Value (LHV)
     of 18,580 BTU per pound and a fuel density of 6.5 pounds per US. gallon.

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment A to Letter Agreement
NO. 6-1165-CKR-1123R1
CFM56-7B22 Engines
Page 13

6    GUARANTEE COMPLIANCE

6.1  Compliance with the guarantees of Sections 2 and 3 shall be based on the
     conditions specified in those sections, the Aircraft configuration of
     Section 4 and the guarantee conditions of Section 5. Guarantee compliance
     will be shown for the units listed first, not for the units shown in
     parentheses.

6.2  Compliance with the takeoff and landing guarantees and the takeoff portion
     of the mission guarantee shall be based on the FAA approved Airplane
     Flight Manual for the Model 737-700.

6.3  Compliance with the speed, cruise fuel mileage, and all engine climb
     guarantees, and the climb, cruise and descent portions of the mission
     guarantee shall be established by calculations based on flight test data
     obtained from an aircraft in a configuration similar to that defined by
     the Detail Specification.

6.4  Compliance with the Manufacturer's Empty Weight guarantee shall be based on
     information in the "Weight and Balance Control and Loading Manual Aircraft
     Report.

6.5  The data derived from tests shall be adjusted as required by conventional
     methods of correction, interpolation or extrapolation in accordance with
     established engineering practices to show compliance with these guarantees.

6.6  Compliance shall be based on the performance of the airframe and engines in
     combination, and shall not be contingent on the engine meeting its
     manufacturer's performance specification.

7    EXCLUSIVE GUARANTEES

     The only performance guarantees applicable to the Aircraft are those set
     forth in this Attachment.

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1009A                                                  SS06-0130

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 1

                          BLOCK B AND BLOCK D AIRCRAFT

               MODEL 737-89P WITH WINGLETS PERFORMANCE GUARANTEES

                  FOR CHINA EASTERN AIRLINES CORPORATION, LTD.

<TABLE>
<CAPTION>
SECTION   CONTENTS
-------   --------
<S>       <C>
1         AIRCRAFT MODEL APPLICABILITY

2         FLIGHT PERFORMANCE

3         MANUFACTURER'S EMPTY WEIGHT

4         AIRCRAFT CONFIGURATION

5         GUARANTEE CONDITIONS

6         GUARANTEE COMPLIANCE

7         EXCLUSIVE GUARANTEES
</TABLE>

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 2

1    AIRCRAFT MODEL APPLICABILITY

     The guarantees contained in this Attachment (the "Performance Guarantees")
     are applicable to the 737-89P Aircraft with winglets and a maximum takeoff
     weight of 164,000 pounds (74,389 kilograms), a maximum landing weight of
     144,000 pounds (65,317 kilograms), a maximum zero fuel weight of 136,000
     pounds (61,688 kilograms), a fuel capacity of 6,875 U.S. Gallons (26,024
     liters), and equipped with Boeing furnished CFM56-7B26 engines.

2    FLIGHT PERFORMANCE

2.1  TAKEOFF

2.1.1 ***

2.1.2 ***

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 3

***

2.1.3 The FAA approved takeoff gross weight at the start of ground roll, at a
     temperature of 35 degrees C, at an altitude of 75 feet, from a 11,811 foot
     runway, and satisfying the conditions defined below, and using maximum
     takeoff thrust, shall not be less than the following guarantee value:

     ***

     Conditions:

     ***

2.2  LANDING

     ***

2.3  SPEED

     ***

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 4

               ***

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 5

2.4  CRUISE FUEL MILEAGE

2.4.1 ***

2.4.2 ***

2.4.3 ***

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 6

2.5  ALL ENGINE CLIMB

     ***

     Conditions and operating rules:

     ***

     Climb:              ***

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>
Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 7

2.6    MISSION

2.6.1  MISSION PAYLOAD

       ***

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 8

<TABLE>
<S>                            <C>

Cruise:                        ***

Descent:                       ***

Approach and Landing Maneuver: ***
</TABLE>

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 9

***

2.6.2 OPERATIONAL EMPTY WEIGHT BASIS

     ***

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 10

2.6.3 737-800 WITH WINGLETS WEIGHT SUMMARY - CHINA EASTERN AIRLINES

<TABLE>
<CAPTION>
                                                               Pounds     (Kilograms)
                                                             ----------   -----------
<S>                                                          <C>          <C>
Standard Model Specification MEW                             ***          ***
   Configuration Specification D019A001 Rev.F
      dated August 29, 2003                                  ***          ***
   175 Tourist Class Passengers                              ***          ***
   CFM56-7 Engines                                           ***          ***
   156,000 Pounds (70,760 kg.) Maximum Taxi Weight           ***          ***
   6,875 U.S. Gallons (26,024.1) Fuel Capacity               ***          ***
   Changes for China Eastern Airlines                        ***          ***
   Interior Change to 158 (20FC/138YC) Passengers*
      (Ref: LOPS-378-1399)                                   ***          ***
   Increase Maximum Taxi Weight to 164,500 lb (74,615 kg.)   ***          ***
   Winglets                                                  ***          ***
   60-Minute Standby Power Capability.                       ***          ***
   Strengthened Cargo Compartment Panels and Linings         ***          ***
   Audio and Video Entertainment System                      ***          ***
   Centerline Overhead Stowage                               ***          ***
   Additional Accepted Change Requests                       ***          ***

CHINA EASTERN AIRLINES MANUFACTURER'S EMPTY WEIGHT(MEW)      ***          ***
   Standard and Operational Items Allowance
      (Paragraph 2.6.4)                                      ***          ***

CHINA EASTERN AIRLINES OPERATIONAL EMPTY WEIGHT(OEW)         ***          ***
</TABLE>

<TABLE>
<CAPTION>
                                                 Quantity      Pounds       Pounds     (Kilograms)
                                                ----------   ----------   ----------   -----------
<S>                                             <C>          <C>          <C>          <C>
* Seat Weight Included:
   First Class Doubles                          ***          ***          ***           ***
   Economy Class Triple                         ***          ***          ***           ***
   Economy Class Triple w/3 In-Arm Food Trays   ***          ***          ***           ***
</TABLE>

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
PAGE 11

2.6.4 STANDARD AND OPERATIONAL ITEMS ALLOWANCE

<TABLE>
<CAPTION>
                                                      Qty        Pounds       Pounds       Pounds     (Kilograms)
                                                  ----------   ----------   ----------   ----------   -----------
<S>                                               <C>          <C>          <C>          <C>          <C>
STANDARD ITEMS ALLOWANCE                          ***          ***          ***          ***           ***
   Unusable Fuel                                  ***          ***          ***          ***           ***
   Oil                                            ***          ***          ***          ***           ***
   Oxygen Equipment                               ***          ***          ***          ***           ***
      Passenger Portable                          ***          ***          ***          ***           ***
      Crew Masks                                  ***          ***          ***          ***           ***
   Miscellaneous Equipment                        ***          ***          ***          ***           ***
      Crash Axe                                   ***          ***          ***          ***           ***
      Megaphones                                  ***          ***          ***          ***           ***
      Flashlights                                 ***          ***          ***          ***           ***
      Smoke Hoods                                 ***          ***          ***          ***           ***
      Demo Pouch                                  ***          ***          ***          ***           ***
      Seat Belt Extension                         ***          ***          ***          ***           ***
   Galley Structure & Fixed Inserts               ***          ***          ***          ***           ***

OPERATIONAL ITEMS ALLOWANCE                       ***          ***          ***          ***           ***
   Crew and Crew Baggage                          ***          ***          ***          ***           ***
      Flight Crew                                 ***          ***          ***          ***           ***
      Cabin Crew                                  ***          ***          ***          ***           ***
      Baggage                                     ***          ***          ***          ***           ***
      Briefcases                                  ***          ***          ***          ***           ***
   Catering Allowance                             ***          ***          ***          ***           ***
      First Class                                 ***          ***          ***          ***           ***
      Economy Class                               ***          ***          ***          ***           ***
   Passenger Service Equipment                    ***          ***          ***          ***           ***
   Potable Water - 60 USG                         ***          ***          ***          ***           ***
   Waste Tank Disinfectant                        ***          ***          ***          ***           ***
   Emergency Equipment                            ***          ***          ***          ***           ***
      Escape Slides - Forward                     ***          ***          ***          ***           ***
      Escape Slides - Aft                         ***          ***          ***          ***           ***
      Lifevests - Passengers and Crew             ***          ***          ***          ***           ***
      Lifevests - Infant                          ***          ***          ***          ***           ***
      Liferafts                                   ***          ***          ***          ***           ***
      ELT                                         ***          ***          ***          ***           ***
TOTAL STANDARD AND OPERATIONAL ITEMS ALLOWANCES   ***          ***          ***          ***           ***
</TABLE>

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 12

3    MANUFACTURER'S EMPTY WEIGHT

     The Manufacturer's Empty Weight (MEW) is guaranteed not to exceed the value
     in Section 03-60-00 of Detail Specification D019A001CEA38P-2 plus one
     percent.

4    AIRCRAFT CONFIGURATION

4.1  The guarantees contained in this Attachment are based on the, Aircraft
     configuration as defined in Revision B of Detail Specification
     D019A001CEA38P-2 (hereinafter referred to as the Detail Specification).
     Appropriate adjustment shall be made for changes in such Detail
     Specification approved by the Customer and Boeing or otherwise allowed by
     the Purchase Agreement which cause changes to the flight performance and/or
     weight and balance of the Aircraft. Such adjustment shall be accounted for
     by Boeing in its evidence of compliance with the guarantees.

4.2  The Manufacturer's Empty Weight guarantee of Section 3 will be adjusted by
     Boeing for the following in its evidence of compliance with the guarantees:

     (1) Changes to the Detail Specification or any other changes mutually
     agreed upon between the Customer and Boeing or otherwise allowed by the
     Purchase Agreement.

     (2) The difference between the component weight allowances given in
     Appendix IV of the Detail Specification and the actual weights.

5    GUARANTEE CONDITIONS

5.1  All guaranteed performance data are based on the ICAO International
     Standard Atmosphere (ISA) and specified variations therefrom; altitudes are
     pressure altitudes.

5.2  The FAA Regulations (FAR) referred to in this Attachment are, unless
     otherwise specified, the 737-800 Certification Basis regulations specified
     in the Type Certificate Data Sheet A16WE, Revision 33, dated March 8, 2002.

P.A. No. 3032                                                             S.A. 1
AERO-B-BBA4-M05-1011                                                  SS05-05599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 13

5.3  In the event a change is made to any law, governmental regulation or
     requirement, or in the interpretation of any such law, governmental
     regulation or requirement that affects the certification basis for the
     Aircraft as described in Paragraph 5.2, and as a result thereof, a change
     is made to the configuration and/or the performance of the Aircraft in
     order to obtain certification, the guarantees set forth in this Attachment
     shall be appropriately modified to reflect any such change.

5.4  The takeoff and landing guarantees, and the takeoff portion of the mission
     guarantee are based on hard surface, level and dry runways with no wind or
     obstacles, no clearway or stopway, 225 mph tires, with Category C brakes
     and anti-skid operative, and with the Aircraft center of gravity at the
     most forward limit unless otherwise specified. The takeoff performance is
     based on no engine bleed for air conditioning or thermal anti-icing and the
     Auxiliary Power Unit (APU) turned off unless otherwise specified. Balanced
     field length calculations and the improved climb performance procedure will
     be used for takeoff as required. The landing performance is based on the
     use of automatic spoilers.

5.5  The speed, cruise fuel mileage, and all engine climb guarantees, and the
     climb, cruise and descent portions of the mission guarantee include
     allowances for normal power extraction and engine bleed for normal
     operation of the air conditioning system. Normal electrical power
     extraction shall be defined as not less than a 50 kilowatts total load.
     Normal operation of the air conditioning system shall be defined as pack
     switches in the "Auto" position, the temperature control switches in the
     "Auto" position that results in a nominal cabin temperature of 75 degrees
     F, and all air conditioning systems operating normally. This operation
     allows a maximum cabin pressure differential of 8.35 pounds per square inch
     at higher altitudes, with a nominal Aircraft cabin ventilation rate of
     3,300 cubic feet per minute including passenger cabin recirculation
     (nominal recirculation is 47 percent). The APU is turned off unless
     otherwise specified.

5.6  The speed, cruise fuel mileage, and all engine climb guarantees, and the
     climb, cruise and descent portions of the mission guarantee are based on an
     Aircraft center of gravity location of 26.2 percent of the mean aerodynamic
     chord.

5.7  Performance, where applicable, is based on a fuel Lower Heating Value (LHV)
     of 18,580 BTU per pound and a fuel density of 6.5 pounds per U.S. gallon.

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

Attachment B to Letter Agreement
No. 6-1165-CKR-1123R1
CFM56-7B26 Engines
Page 14

6    GUARANTEE COMPLIANCE

6.1  Compliance with the guarantees of Sections 2 and 3 shall be based on the
     conditions specified in those sections, the Aircraft configuration of
     Section 4 and the guarantee conditions of Section 5. Guarantee compliance
     will be shown for the units listed first, not for the units shown in
     parentheses.

6.2  Compliance with the takeoff and landing guarantees and the takeoff portion
     of the mission guarantee shall be based on the FAA approved Airplane Flight
     Manual for the Model 737-800.

6.3  Compliance with the speed, cruise fuel mileage, and all engine climb
     guarantees, and the climb, cruise and descent portions of the mission
     guarantee shall be established by calculations based on flight test data
     obtained from an aircraft in a configuration similar to that defined by the
     Detail Specification.

6.4  Compliance with the Manufacturer's Empty Weight guarantee shall be based on
     information in the "Weight and Balance Control and Loading Manual-Aircraft
     Report."

6.5  The data derived from tests shall be adjusted as required by conventional
     methods of correction, interpolation or extrapolation in accordance with
     established engineering practices to show compliance with these guarantees.

6.6  Compliance shall be based on the performance of the airframe and engines in
     combination, and shall not be contingent on the manufacturer's performance
     specification.

7    EXCLUSIVE GUARANTEES

     The only performance guarantees applicable to the Aircraft are those set
     forth in this Attachment.

P.A. No. 3032                                                              S.A.1
AERO-B-BBA4-M05-1011                                                   SS05-0599

<PAGE>

(BOEING LOGO)

                                        The Boeing Company
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1125R1

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Special Matters

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft (the
           Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement have the same
meaning as in the Purchase Agreement.

                                      ***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Matters

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1125R1
Page 2

     ***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Matters

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1125R1
Page 3

3.   ***

***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Matters

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1125R1
Page 4

5.   Assignment. The Credit Memoranda described in this Letter Agreement are
     provided as a financial accommodation to Customer in consideration of
     Customer's becoming the operator of the Aircraft, and cannot be assigned,
     in whole or in part, without the prior written consent of The Boeing
     Company.

6.   Confidential Treatment. Customer understands that certain commercial and
     financial information contained in this Letter Agreement is considered by
     Boeing as confidential. Customer agrees that it will treat this Letter
     Agreement and the information contained herein as confidential and will
     not, without the prior written consent of Boeing, disclose this Letter
     Agreement or any information contained herein to any other person or
     entity.

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Matters

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1125R1
Page 5

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION,
LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its
    ---------------------------------

CHINA EASTERN AVIATION IMPORT &
EXPORT CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its
    ---------------------------------

P.A. NO. 3032                  BOEING PROPRIETARY                         S.A. 1
SPECIAL MATTERS

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P. O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1126R1

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Payment Matters

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft
           (the Aircraft)

This letter agreement (Letter Agreement) amends and supplements the purchase
Agreement. All terms used but not defined in this Letter Agreement have the same
meaning as in the Purchase Agreement.

1.   Advance Payments for the Aircraft.

     1.1 Deferral. It is understood that Customer's ability to make advance
payments described in Article 4.2 of the purchase Agreement may be impacted due
to monetary issues, therefore Boeing agrees that all advance payments due on the
effective date of the Purchase Agreement, as specified in Article 4.2, and those
shall become due until payment is actually made, may be referred until ten
business days after Customer obtains government approval, by which time Customer
will pay all advance payments specified in the Purchase Agreement as being due
on or before that date.

     1.2 Default Interest. ***

P.A. NO. 3032                  BOEING PROPRIETARY                         S.A. 1
Payment Matters

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1126R1
Page 2

2.   Alternative Methodology.

     In the event that circumstances described in paragraph 1.2 above occur,
Customer and Boeing agree that Customer may exercise an alternative method of
compensation to Boeing. Such alternative method is described below.

     2.1 ***

     2.2 Default Procedure. In the event that Customer fails to make the
accelerated advance payments in the amounts and on the dates established by the
parties, or if the parties are unable to agree on the dates and amounts for the
accelerated advance payments, the Customer shall pay interests described in
paragraph 1.2 above.

3.   Confidential Treatment.

     Customer understands that certain commercial and financial information
contained in this Letter Agreement are considered by Boeing as confidential.
Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing, disclose this Letter Agreement or any information contained herein
to any other person or entity.

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Payment Matters

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1126R1
Page 3

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   -------------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   -------------------------------------
Its
    ------------------------------------

CHINA EASTERN AVIATION IMPORT &
EXPORT CORPORATION

By /s/ Fan Erning
   -------------------------------------
Its
    ------------------------------------

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Payment Matters

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1127R1

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Incorporation Into China 2005 737 Package Purchase

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft (the
           Aircraft)

This Letter Agreement amends and supplements the Purchase Agreement. All terms
used but not defined in this Letter Agreement have the same meaning as in the
Purchase Agreement.

1.   Definitions.

     ***

2.   Existing Agreement.

     ***

P.A. NO. 3032                  BOEING PROPRIETARY                         S.A. 1
Incorporation_Into_Package_Agreement

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1127R1
Page 2

3.   Possibility of Future China 2005 737 Package Purchase.

     ***

4.   Applicability of China 2005 737 Package Purchase to Customer.

     ***

5.   Limitations of Applicability of China 2005 737 Package Purchase Terms.

     ***

6.   Expiration.

     ***

P.A. NO. 3032                  BOEING PROPRIETARY                         S.A. 1
Incorporation_Into_Package_Agreement

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1127R1
Page 3

7.   Confidential Treatment.

     Boeing and Customer understands that certain information contained in this
Letter Agreement is considered to be confidential. The parties agree that they
will treat this Letter Agreement and the information contained herein as
confidential and will not, without the prior written consent of the other
parties, disclose this Letter Agreement or any information contained herein to
any other person or entity except, (1) to those of their respective legal
counsel, auditors, accountants, insurance brokers and other advisers who have a
need to know the information for purpose of interpreting Customer's rights or
interpreting or performing Customer's obligations under the Purchase Agreement,
subject to such parties' written agreements that they will treat the information
as confidential, (2) to a bank for the sole purpose of financing of the purchase
of such Aircraft and subject to such bank's written agreement that it will treat
the information as confidential, (3) as required by the rules of any stock
market applicable to the parties on condition that the party wishing to make
such disclosure shall first use reasonable efforts to seek relief from the risk
of disclosure to competitors or others with whom either of the parties has
business relations of information which might be detrimental to the interest of
either of the parties, or (4) as may be required by applicable law.

P.A. No. 3032                 BOEING PROPRIETARY                          S.A. 1
Incorporation_Into_Package_Agreement

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1127R1
Page 4

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its President

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its President

P.A. No. 3032                 BOEING PROPRIETARY                          S.A. 1
Incorporation_Into_Package_Agreement

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1128R1

China Eastern Airlines Corporation, Ltd.
2250 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   China 2005 737 Package Purchase

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft (the
           Aircraft)

This letter agreement (Letter Agreement) amends and supplements the Purchase
Agreement. All terms used but not defined in this Letter Agreement have the same
meaning as in the Purchase Agreement.

Boeing has established terms and conditions that define the "CHINA 2005 737
PACKAGE PURCHASE". Subject to those terms, Boeing agrees to consider the total
quantity of model 737 aircraft purchased by two or more Chinese airlines on or
before April 30, 2006, and to provide special business incentives if the
combined quantity of model 737 aircraft purchased is equal to or greater than
one hundred fifty(150) aircraft. The terms for the China 2005 737 Package
Purchase are set forth below.

1. China 2005 737 Package Purchase.

     The following terms define the China 2005 737 Package Purchase.

     1.1  All model 737 aircraft must be under definitive agreement, recieved
          Chinese Government approval, board of directors approvals and
          shareholder approvals by March 31, 2006.

     1.2  All aircraft must be Model 737-700, 737-800 or 737-900ER aircraft.

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
China_2005_737_Package_Purchase

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1128R1
Page 2

     1.3  The Base Airframe Price shall be as set forth in Table 1, Table 2,
          Table 3 and Table 4 to the Purchase Agreement.

     1.4  The special business incentives, as they apply to Customer, shall be
          as set forth in Letter Agreement 6-1165-CKR-1129R1, Special Matters -
          China 2005 737 Package Purchase, to the Purchase Agreement.

     1.5  The aircraft delivery positions, as they apply to Customer, shall be
          as set forth in Table 1, Table 2, Table 3 and Table 4 to the Purchase
          Agreement.

     1.6  The total number of model 737 aircraft purchased by the combined
          Chinese airlines shall be not less than one hundred fifty (150)
          airplanes.

2. Complete Requirements.

     The establishment of the China 2005 737 Package Purchase requires that all
terms listed in paragraph 1 be satisfied. If any of the terms are not met, the
China 2005 737 Package Purchase will not be created, and the business incentives
referenced in paragraph 1 shall become null and void.

3. Confidential Treatment.

     Customer understands that certain commercial and financial information
contained in this Letter Agreement is considered by Boeing as confidential.
Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing disclose this Letter Agreement or any information contained herein to
any other person or entity.

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
China_2005_737_Package_Purchase

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1128R1
Page 3

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its President

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its President

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
China_2005_737_Package_Purchase

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707,
                                        Seattle, WA 98124-2207

6-1165-CKR-1129R1

China Eastern  Airlines  Corporation,  Ltd.
2550 Hongqiao Road
Shanghai  200335
People's Republic of China

Subject:   Special Matters - China 2005 737 Package Purchase

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft (the
           Aircraft)

     This letter agreement (Letter Agreement) amends and supplements the
Purchase Agreement. All terms used but not defined in this Letter Agreement have
the same meaning as in the Purchase Agreement.

     The credit memoranda described herein are provided by Boeing in
consideration of the purchase of a combined quantity of not less than one
hundred fifty (150) 737 aircraft by the airlines of China in the China 2005 737
Package Purchase, as set forth in Letter Agreement 6-1165-CKR-1128R1, China 2005
737 Package Purchase, to the Purchase Agreement.

     In the event all the terms of the China 2005-737 Package Purchase are
satisfied, the credit memoranda described herein shall apply to the aircraft in
lieu of those set forth in Letter Agreement 6-1165-CKR-1125R1, Special Matters,
to the Purchase Agreement.

     ***

P.A. No. 3032                  BOEING PROPRIETARY
Special_Matters-China_2005_737_Package_Purchase

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1129R1
Page 2

     ***

2.   ***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Matters-China_2005_737_Package_Purchase

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1129R1
Page 3

4.   Confidential Treatment.

     Customer understands that certain commercial and financial information
contained in this Letter Agreement is considered by Boeing as confidential.
Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing, disclose this Letter Agreement or any information contained herein to
any other person or entity.

P.A. No. 3032                   BOEING PROPRIETARY                        S.A. 1
Special_Matters-China_2005_737_Package_Purchase

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1129R1
Page 4

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its President

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its President

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Matters-China_2005_737_Package_Purchase

<PAGE>

(BOEING LOGO)

                                        The Boeing Company
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1161

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   ***

Reference: (1) ***

           (2) ***

     ***

1.   ***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
CASC Technical Services Credit Memorandum

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1161
Page 2

***

2.   ***

3.   ***

4.   Confidential Treatment.

     Customer understands that certain commercial and financial information
contained in this Letter Agreement are considered by Boeing as confidential.
Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing, disclose this Letter Agreement or any information contained herein to
any other person or entity.

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
CASC Technical Services Credit Memorandum

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1161
Page 3

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   -------------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date: APRIL 10, 2006

CHINA EASTERN AIRLINES CORPORATION, LTD.

By
   -------------------------------------
Its
    ------------------------------------

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   -------------------------------------
Its
    ------------------------------------

CHINA AVIATION SUPPLIES IMPORT AND
EXPORT CORPORATION

By /s/ Zhu Haiping
   -------------------------------------
Its
    ------------------------------------

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
CASC Technical Services Credit Memorandum

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O.Box 3707
                                        Seattle W/A 98124-2207

6-1165-CKR-1165

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Government Approval-Block C and Block D Aircraft

Reference: Purchase Agreement No. 3032 (the Purchase Agreement) between The
           Boeing Company (Boeing) and China Eastern Airlines Corporation, Ltd.
           (Customer) relating to Model 737-79P and 737-89P aircraft (the
           Aircraft)

     This Letter Agreement amends and supplements the Purchase Agreement. All
terms used but not defined in this Letter Agreement have the same meaning as in
the Purchase Agreement.

1.   Government Approval. ***

2.   Effect of Termination. ***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Government_Approval

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1165
Page 2

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its
    ---------------------------------

CHINA EASTERN AVIATION IMPORT AND EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its
    ---------------------------------

P.A. No. 3032                  BOEING PROPRIETARY
Government_Approval

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1185

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Special Escalation Program

Reference: (1)  Purchase Agreement No. 3032 (the Purchase Agreement) between The
                Boeing Company (Boeing) and China Eastern Airlines Corporation,
                Ltd. (Customer) relating to Model 737-79P and 737-89P aircraft
                (the Aircraft)

           (2)  General Purchase Agreement AGTA-CAC-GPA-4 (the GPA) between The
                Boeing Company (Boeing) and China Aviation Supplies Import and
                Export Corporation, a wholly-owned subsidiary of the State-Owned
                Assets Supervision and Administration Commission of the State
                Council (CASC) relating to the sale and purchase of Boeing Model
                737 aircraft and the fulfillment of the conditions that
                establish the "China 2005 737 Package Purchase"

     This letter agreement (Letter Agreement) amends and supplements the
Purchase Agreement. All terms used but not defined in this Letter Agreement
have the same meaning as in the Purchase Agreement.

     The terms of this Letter Agreement shall apply if, and only if, the
Reference 2 GPA has been definitized.

1.   Aircraft and Price Applicability.

     ***

2.   Airframe Price Adjustment.

     ***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Escalation_Program

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1185
Page 2

***

3.   ***

4.   ***

5.   ***

6.   Confidential Treatment.

     Customer understands that certain commercial and financial information
contained in this Letter Agreement are considered by Boeing as confidential.
Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing, disclose this Letter Agreement or any information contained herein to
any other person or entity.

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Escalation_Program

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1185
Page 3

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION,
LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its
    ---------------------------------

CHINA EASTERN AVIATION IMPORT &
EXPORT CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its
    ---------------------------------

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
Special_Escalation_Program

<PAGE>

Attachment 1 to
Letter Agreement 6-1165-CKR-1185

                       SPECIAL ESCALATION PROGRAM FACTORS

                                      ***

P.A. No. 3032                  BOEING PROPRIETARY                         S.A. 1
SPECIAL_ESCALATION_PROGRAM

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1168

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   Loyal Customer Appreciation Credit Memorandum

Reference: (1)  Purchase Agreement No. 3032 (the Purchase Agreement) between The
                Boeing Company (Boeing) and China Eastern Airlines Corporation,
                Ltd. (Customer) relating to Model 737-79P and 737-89P aircraft
                (the Aircraft)

           (2)  General Purchase Agreement AGTA-CAC-GPA-4 (the GPA) between The
                Boeing Company (Boeing) and China Aviation Supplies Import and
                Export Corporation, a wholly-owned subsidiary of the State
                Assets Supervision and Administration Commission of the State
                Council (CASC) relating to the sale and purchase of Boeing Model
                737 aircraft and the fulfillment of the conditions that
                establish the China 2005737 Package Purchase

                                      ***

1.   ***

LOYAL CUSTOMER APPRECIATION CREDIT MEMORANDUM                             S.A. 1
                               BOEING PROPRIETARY

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1168
Page 2

     ***

2.   ***

3. Confidential Treatment.

     Customer understands that certain commercial and financial information
contained in this Letter Agreement are considered by Boeing as confidential.
Customer agrees that it will treat this Letter Agreeement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing, disclose this Letter Agreement or any information contained herein to
any other person or entity.

Loyal Customer Appreciation Credit Memorandum                             S.A. 1
                               BOEING PROPRIETARY

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1168
Page 3

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its
    ---------------------------------

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its
    ---------------------------------

Loyal Customer Appreciation Credit Memorandum
                               BOEING PROPRIETARY

<PAGE>

(BOEING LOGO)

                                        THE BOEING COMPANY
                                        P.O. Box 3707
                                        Seattle, WA 98124-2207

6-1165-CKR-1169

China Eastern Airlines Corporation, Ltd.
2550 Hongqiao Road
Shanghai 200335
People's Republic of China

Subject:   ***

Reference: (1)  Purchase Agreement No. 3032 (the Purchase Agreement) between The
                Boeing Company (Boeing) and China Eastern Airlines Corporation,
                Ltd. (Customer) relating to Model 737-79P and 737-89P aircraft
                (the Aircraft)

           (2)  General Purchase Agreement AGTA-CAC-GPA-4 (the GPA) between The
                Boeing Company (Boeing) and China Aviation Supplies Import and
                Export Corporation, a wholly-owned subsidiary of the State-Owned
                Assets Supervision and Administration Commission of the State
                Council (CASC) relating to the sale and purchase of Boeing Model
                737 aircraft and the fulfillment of the condition that establish
                the China 2005 737 Package Purchase

***

1. ***

Additional_Training            BOEING PROPRIETARY                          S.A.1

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1169
Page 2

2.   ***

3.   ***

4.   ***

Additional_Training            BOEING PROPRIETARY

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1169
Page 3

     ***

5.   Confidential Treatment.

     Customer understands that certain commercial and financial information
contained in this Letter agreement is considered by Boeing as confidential.
Customer agrees that it will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of Boeing, disclose this Letter Agreement or any information contained herein to
any other person or entity.

Additional_Training            BOEING PROPRIETARY

<PAGE>

China Eastern Airlines Corporation, Ltd.
6-1165-CKR-1169
Page 4

Very truly yours,

THE BOEING COMPANY

By /s/ C.K. Ruddle
   ----------------------------------
Its Attorney-In-Fact

ACCEPTED AND AGREED TO this

Date:                          , 2006
      -------------------------

CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ Luo Chaogeng
   ----------------------------------
Its
    ---------------------------------

CHINA EASTERN AVIATION IMPORT & EXPORT
CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its
    ---------------------------------

Additional_Training            BOEING PROPRIETARY
<PAGE>

                          Supplemental Agreement No. 1

                                       to

                         PURCHASE AGREEMENT NUMBER 3032

                                  05GTBAP015US

                                     between

                               THE BOEING COMPANY

                                       and

                    CHINA EASTERN AIRLINES CORPORATION, LTD.

              Relating to Boeing Model 737-79P and 737-89P Aircraft

                                      with

               CHINA EASTERN AVIATION IMPORT & EXPORT CORPORATION

     THIS SUPPLEMENTAL AGREEMENT, entered into as of the 10TH day of APRIL,
2006, by and between THE BOEING COMPANY, a Delaware corporation with its
principal offices in Seattle, Washington (Boeing) and CHINA EASTERN AIRLINES
CORPORATION, LTD. with its principal office in Shanghai, People's Republic of
China (Customer),

                                   WITNESSETH:

     WHEREAS, the parties hereto entered into Purchase Agreement No. 3032 dated
December 20, 2005, relating to Boeing Model 737-79P and 737-89P aircraft (the
Aircraft), which agreement, as amended, together with all exhibits and
specifications attached thereto and made a part thereof, is hereinafter called
the "Purchase Agreement;" and

P.A. No. 3032                         S1-1                                S.A. 1
                               BOEING PROPRIETARY

<PAGE>

     WHEREAS, the parties desire to amend the Purchase Agreement as set forth
herein in order to add sixteen Model 737 aircraft, consisting of eleven Model
737-79P aircraft, identified as Block C Aircraft, and five Model 737-89P
aircraft, identified as Block D Aircraft; and to incorporate certain other
elements relating to such Block C and Block D Aircraft; and

     WHEREAS, the parties desire to amend the Purchase Agreement as set forth
herein in order to incorporate a revised aircraft configuration for the Model
737-79P Aircraft; and

     WHEREAS, the parties desire to amend the Purchase Agreement as set forth
herein in order to incorporate additional business matters as applicable to the
China 2005 737 Package Offer;

     NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties agree to amend the Purchase Agreement as follows.

1.   TABLE OF CONTENTS.

     The TABLE OF CONTENTS is deleted in its entirety and a new TABLE OF
CONTENTS (attached) is substituted in lieu thereof.

2.   Purchase Agreement Articles.

     Pages 1 and 2 of the Purchase Agreement Articles are deleted in their
entirety and new pages 1 and 2 of the Purchase Agreement Articles (attached) are
substituted in lieu thereof. The pages are amended to reference the
incorporation of "Table 3" and "Table 4" into the Purchase Agreement. The Block
A, Block B, Block C and Block D Aircraft shall collectively be referred to as
the Aircraft.

3.   Table 1, "Aircraft Delivery, Description, Price and Advance Payments --
     Block A Aircraft".

     Table 1, "Aircraft Delivery, Description, Price and Advance Payments --
Block A Aircraft", is deleted in its entirety and a new Table 1, "Aircraft
Delivery, Description, Price and Advance Payments - Block A Aircraft",
(attached) is substituted in lieu thereof.

4.   Table 2. "Aircraft Delivery, Description, Price and Advance Payments --
     Block B Aircraft".

     Table 2, "Aircraft Delivery, Description, Price and Advance Payments --
Block B Aircraft", is deleted in its entirety and a new Table 2, "Aircraft
Delivery, Description, Price and Advance Payments - Block B Aircraft",
(attached) is substituted in lieu thereof. The Table 2 is revised to reflect the
applicable Detail Specification.

P.A. No. 3032                         S1-2                                S.A. 1
                               BOEING PROPRIETARY

<PAGE>

5.   Table 3, "Aircraft Delivery, Description, Price, and Advanced Payments --
     Block C Aircraft".

     A new Table 3, "Aircraft Delivery, Description, Price and Advanced Payments
-- Block C Aircraft", (attached) is added to the Purchase Agreement.

6.   Table 4, "Aircraft Delivery, Description, Price, and Advanced Payments --
     Block D Aircraft".

     A new Table 4, "Aircraft Delivery, Description, Price and Advanced Payments
-- Block D Aircraft", (attached) is added to the Purchase Agreement.

7.   Exhibit A-1, "Aircraft Configuration -- Block A Aircraft"

     Exhibit A-1, "Aircraft Configuration -- Block A Aircraft" is deleted in its
entirety and a new Exhibit A-l, "Aircraft Configuration -- Block A and Block C
Aircraft", (attached), is substituted in lieu thereof.

8.   Exhibit A-2, "Aircraft Configuration -- Block B Aircraft"

     Pages A-2 and A-2-1 of Exhibit A-2, "Aircraft Configuration -- Block B
Aircraft" are deleted in their entirety and new pages A-2 and A-2-1 of Exhibit
A-2, "Aircraft Configuration -- Block B and Block D Aircraft", (attached), are
substituted in lieu thereof.

9.   Letter Agreement 3032-02, "Aircraft Model Substitution".

     Letter Agreement 3032-02, "Aircraft Model Substitution", is deleted in its
entirety and a new Letter Agreement 3032-02R1, "Aircraft Model Substitution",
(attached), reflecting additional Block C and Block D Aircraft, is substituted
in lieu thereof.

10.  Letter Agreement 6-1165-CKR-1122, "Liquidated Damages Non-Excusable Delay".

     Letter Agreement 6-1165-CKR-1122, "Liquidated Damages Non-Excusable Delay",
is deleted in its entirety and a new Letter Agreement 6-1165-CKR-1122R1,
"Liquidated Damages Non-Excusable Delay", (attached), reflecting additional
Block C and Block D Aircraft, is substituted in lieu thereof.

11.  Letter Agreement 6-1165-CKR-1123, "Aircraft Performance Guarantees".

     Letter Agreement 6-1165-CKR-1123, "Aircraft Performance Guarantees", is
deleted in its entirety and a new Letter Agreement 6-1165-CKR-1123R1, "Aircraft
Performance Guarantees", (attached), reflecting additional Block C and Block D
Aircraft, is substituted in lieu thereof.

12.  Letter Agreement 6-1165-CKR-1125, "Special Matters".

     Letter Agreement 6-1165-CKR-1125, "Special Matters", is deleted in its
entirety and a new Letter Agreement 6-1165-CKR-1125R1, "Special Matters",
(attached), adding Block Quantity and Loyal Customer Appreciation Credit
Memoranda, is substituted in lieu thereof.

P.A. No. 3032                         S1-3                                S.A. 1
                               BOEING PROPRIETARY

<PAGE>

13.  Letter Agreement 6-1165-CKR-1126, "Payment Matters".

     Letter Agreement 6-1165-CKR-1126, "Payment Matters", is deleted in its
entirety and a new Letter Agreement 6-1165-CKR-1126R1, "Payment Matters",
(attached), correcting references to Tables, is substituted in lieu thereof.

14.  Letter Agreement 6-1165-CKR-1127, "Incorporation Into China 2005 737
     Package Purchase".

     Letter Agreement 6-1165-CKR-1127, "Incorporation Into China 2005 737
Package Purchase", is deleted in its entirety and a new Letter Agreement
6-1165-CKR-1127R1, "Incorporation Into China 2005 737 Package Purchase",
(attached), is substituted in lieu thereof.

15.  Letter Agreement 6-1165-CKR-1128, "China 2005 737 Package Purchase".

     Letter Agreement 6-1165-CKR-1128, "China 2005 737 Package Purchase", is
deleted in its entirety and a new Letter Agreement 6-1165-CKR-1128R1, "China
2005 737 Package Purchase", (attached), is substituted in lieu thereof.

16.  Letter Agreement 6-1165-CKR-1129, "Special Matters - China 2005 737
     Package Purchase".

     Letter Agreement 6-1165-CKR-1129, "Special Matters - China 2005 737
Package Purchase", is deleted in its entirety and a new Letter Agreement
6-1165-CKR-1129R1, "Special Matters - China 2005 737 Package Purchase",
(attached), is substituted in lieu thereof.

17.  Letter Agreement 6-1165-CKR-1161, "CASC Technical Services Credit
     Memorandum".

     New Letter Agreement 6-1165-CKR-1161, "CASC Technical Services Credit
Memorandum", (attached) is incorporated into the Purchase Agreement.

18.  Letter Agreement 6-1165-CKR-1165, "Government Approval -- Block C and Block
     D Aircraft".

     New Letter Agreement 6-1165-CKR-1165, "Government Approval - Block C and
Block D Aircraft", (attached) is incorporated into the Purchase Agreement.

19.  Letter Agreement 6-1165-CKR-1185, "Special Escalation Program".

     New Letter Agreement 6-1165-CKR-1185, "Special Escalation Program",
(attached) is incorporated into the Purchase Agreement.

P.A. No. 3032                         Sl-4                                S.A. 1
                               BOEING PROPRIETARY

<PAGE>

     The Purchase Agreement shall be amended to the extent provided herein and,
as so amended, shall continue in full force and effect. In the event of any
inconsistency between the above provisions and the provisions contained in the
attachments to this Supplemental Agreement, the terms of the attachments will
control.

EXECUTED IN QUADRUPLICATE as of the day and year first above written.

THE BOEING COMPANY                      CHINA EASTERN AIRLINES CORPORATION, LTD.

By /s/ C.K. Ruddle                      By
   ----------------------------------      -------------------------------------
Its Attorney-In-Fact                    Its
                                            ------------------------------------

CHINA EASTERN AVIATION IMPORT &
EXPORT CORPORATION

By /s/ Fan Erning
   ----------------------------------
Its
    ---------------------------------

CHINA AVIATION SUPPLIES IMPORT AND
EXPORT CORPORATION

By /s/ Zhu Haiping
   ----------------------------------
Its
    ---------------------------------

P.A. No. 3032                         Sl-5                                S.A. 1
                               BOEING PROPRIETARY

<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            SA
                                                                          NUMBER
                                                                          ------
<S>                                                                       <C>
ARTICLES
   1.      Quantity, Model and Description                                S.A. 1
   2.      Delivery Schedule                                              S.A. 1
   3.      Price                                                          S.A. 1
   4.      Payment                                                        S.A. 1
   5.      Miscellaneous                                                  S.A. 1

TABLE
   1.      Aircraft Information Table - Block A Aircraft                  S.A. 1
   2.      Aircraft Information Table - Block B Aircraft                  S.A. 1
   3.      Aircraft Information Table - Block C Aircraft                  S.A. 1
   4.      Aircraft Information Table - Block D Aircraft                  S.A. 1
EXHIBIT
   A-l.    Aircraft Configuration - Block A and Block C Aircraft          S.A. 1
   A-2.    Aircraft Configuration - Block B and Block D Aircraft          S.A. 1
   B.      Aircraft Delivery Requirements and Responsibilities            S.A. 1

SUPPLEMENTAL EXHIBITS
   AE1.    Escalation Adjustment/Airframe and Optional Features
   BFE1.   BFE Variables
   CS1.    Customer Support Variables
   EE1.    Engine Escalation/Engine Warranty and Patent Indemnity
   SLP1.   Service Life Policy Components
</TABLE>

P.A. No. 3032                           i                                 S.A. 1
                               BOEING PROPRIETARY

<PAGE>

<TABLE>
<CAPTION>
                                                                            SA
LETTER AGREEMENTS                                                         NUMBER
-----------------                                                         ------
<S>                 <C>                                                   <C>
3032-01             737 Spare Parts Initial Provisioning                  S.A. 1
3032-02R1           Aircraft Model Substitution                           S.A. 1
6-1165-CKR-1122R1   Liquidated Damages Non-Excusable Delay                S.A. 1
6-1165-CKR-1123R1   Aircraft Performance Guarantees                       S.A. 1
6-1165-CKR-1124     Promotional Support                                   S.A. 1
6-1165-CKR-1125R1   Special Matters                                       S.A. 1
6-1165-CKR-1126R1   Payment Matters                                       S.A. 1
6-1165-CKR-1127R1   Incorporation Into China 2005 737 Package Purchase    S.A. 1
6-1165-CKR-1128R1   China 2005 737 Package Purchase                       S.A. 1
6-1165-CKR-1129R1   Special Matters - China 2005 737 Package Purchase     S.A. 1
6-1165-CKR-1161     CASC Technical Services Credit Memorandum             S.A. 1
6-1165-CKR-1165     Government Approval - Block C and Block D Aircraft    S.A. 1
6-1165-CKR-1185     Special Escalation Program                            S.A. 1
</TABLE>

P.A. No. 3032                          ii                                 S.A. 1
                               BOEING PROPRIETARY<PAGE>

                                                                    Exhibit 4.14

*** INDICATES CONFIDENTIAL MATERIAL OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
SEPARATELY WITH A REQUEST FOR CONFIDENTIAL TREATMENT.

                                AMENDMENT NO 10

                         TO THE A320 PURCHASE AGREEMENT

                                    BETWEEN

                                 AIRBUS S.A.S.

                                   as Seller

                                      AND

                     CHINA EASTERN AIRLINES CORPORATION LTD

                                   as Airline

                                      AND

              CHINA EASTERN AVIATION IMPORT AND EXPORT CORPORATION

                             as Trading Corporation

                 Both Airline and Trading Corporation as Buyer

A320 F - CES - Amdt.10 - 05/06
CC-C No 337.0031/05                Page 1/27
<PAGE>

                                AMENDMENT NO 10

This amendment No. 10 to the A320 Purchase Agreement dated as of March 26, 2002
is made as of the 26th day of JUNE 2006.

BETWEEN

AIRBUS S.A.S., a societe par actions simplifiee, legal successor of Airbus
S.N.S., formerly known as Airbus G.I.E created and existing under French law
and registered with the Toulouse Registre du Commerce under number RCS Toulouse
383 474 814 and having its registered office at

     1 Rond-Point Maurice Bellonte
     31707 BLAGNAC Cedex
     FRANCE

(hereinafter referred to as "the Seller") of the one part,

CHINA EASTERN AIRLINES CORPORATION, LIMITED, having its principal office at :

     Pudong International Airport
     SHANGHAI 201202
     PEOPLE'S REPUBLIC OF CHINA

(hereinafter referred to as the "Airline") of the other part

AND

CHINA EASTERN AVIATION IMPORT AND EXPORT CORPORATION, having its principal
office at :

     Pudong International Airport
     SHANGHAI 201202
     PEOPLE'S REPUBLIC OF CHINA

(hereinafter referred to as the "Trading Corporation", the Airline and the
Trading Corporation hereinafter referred to jointly and severally as the
"Buyer").

A320 F - CES - Amdt.10 - 05/06
CC-C No 337.0031/05                Page 2/27
<PAGE>

WHEREAS

-    The parties hereto have signed on the 26th day of March 2002 an A320
     Purchase Agreement called hereinafter together with its Exhibits and Letter
     Agreements (the "Agreement") for the sale of a certain number of A320,
     collectively referred to as the "Aircraft".

-    The parties hereto have signed on the 27th day of June 2002 an Amendment
     No. 1 to the Agreement to modify certain terms of Letter Agreement No. 6 to
     the Agreement.

-    The parties hereto have signed on the 13th day of November 2002 an
     Amendment No. 2 to the Agreement to modify certain terms of Letter
     Agreement No. 6 to the Agreement.

-    The parties hereto have signed on the 29th day of May 2003 an Amendment No.
     3 to the Agreement to modify the delivery schedule of the Aircraft.

-    The parties hereto have signed on the 29th day of August 2003 an Amendment
     No. 4 to the Agreement to modify the delivery schedule of the Aircraft.

-    The parties hereto have signed on the 29th day of September 2003 an
     Amendment No. 5 to the Agreement to reflect the purchase by the Buyer of
     four (4) A321-200 model aircraft.

-    The parties hereto have initialled on the 03rd day of September 2004 an
     Amendment No. 6 to the Agreement for the purchase by the Buyer of three (3)
     A319-100 model aircraft. This Amendment No. 6 has been cancelled.

-    The parties hereto have signed on the 14th day of October 2004 an Amendment
     No. 7 to the Agreement to modify the delivery schedule of the Aircraft.

-    The parties hereto have signed on the 16th day of March 2005 an Amendment
     No. 8 to the Agreement to reflect the purchase by the buyer of five (5)
     A319-100 model aircraft.

-    The parties hereto have signed on the 21st day of April 2005 an Amendment
     No. 9 to the Agreement to reflect the purchase by the Buyer of four (4)
     A320-200 model aircraft and eleven (11) A321-200 model aircraft.

-    On the 5th day of November 2005, the Seller and China Aviation Supplies
     Import and Export Corporation ("CASC") have entered into a General Term
     Agreement ("GTA") for the sale and purchase of one hundred fifty (150) A320
     family aircraft (the "One Hundred Fifty Aircraft"). As part of the One
     Hundred Fifty Aircraft, thirty (30) A320 family aircraft (the "Thirty
     Aircraft") have been allocated to the Buyer.

-    Now the Buyer wishes and the Seller agrees to enter into an amendment No.
     10 (the "Amendment") to cover the basic terms and conditions for the
     purchase by the Buyer of such Thirty Aircraft. The Thirty Aircraft are
     composed of ten (10) A319-100 model aircraft (the "A319 Aircraft") and
     twenty (20) A320-200 model aircraft (the "A320 Aircraft").

-    The Buyer and the Seller agree that the terms and conditions of the sale
     and purchase of the Thirty Aircraft shall be the same as those applying to
     the Aircraft as specified in the Agreement except as set forth to the
     contrary in this Amendment. Exhibit C to the Agreement, Letter Agreement
     No. 1, Letter Agreement No. 2, Letter Agreement No. 3, Letter Agreement No.
     4, Letter Agreement No. 5, and Letter Agreement No. 6 to the Agreement
     shall not apply to the Thirty Aircraft.

-    Except as provided herein in the Amendment, upon signature of this
     Amendment the

A320 F - CES - Amdt.10 - 05/06
CC-C No 337.0031/05                Page 3/27
<PAGE>

     A319 Aircraft and the A320 Aircraft shall be deemed Aircraft.

     Capitalized terms used herein and not otherwise defined in this Amendment
     shall have the meanings assigned thereto in the Agreement.

NOW THEREFORE IT IS AGREED AS FOLLOWS:

1.   GENERAL

     The following paragraphs will define the specific amendments to the
     Agreement which will apply only to the Thirty Aircraft to be delivered to
     the Buyer.

2.   THIRTY AIRCRAFT SPECIFICATION

2.1  SPECIFICATION

     The parties agree that, with respect to the Thirty Aircraft, sub-Clause
     2.1.1 of the Agrement shall be deleted in its entirety and replaced by the
     following:

     QUOTE

     2.1.1 SPECIFICATION

     The Airframe shall be manufactured in accordance with the Standard
     Specification, as modified or varied prior to the date of this Agreement by
     the Specification Change Notices.

<TABLE>
<CAPTION>

      AIRCRAFT TYPE        SPECIFICATION DOCUMENT NO       MTOW    MLW     MZFW
      -------------        -------------------------       ----    ---     ----
      <S>                   <C>                            <C>     <C>     <C>
      A319 AIRCRAFT        J.000.01000, issue 5            ***     ***     ***
                           dated January 31, 2005

      A320 AIRCRAFT        D.000.02000, issue 6            ***     ***     ***
                           dated January 31, 2005

</TABLE>

     UNQUOTE

2.2  PROPULSION SYSTEMS

     The parties agree that, with respect to the Thirty Aircraft, sub-Clause 2.2
     of the Agreement shall be deleted in its entirety and replaced by the
     following

     QUOTE

     ***

A320 F - CES - Amdt.10 - 05/06
CC-C No 337.0031/05                Page 4/27
<PAGE>

<TABLE>
<CAPTION>

                                FCM    IAE
                                ---    ---
      <S>                       <C>    <C>
      A319 AIRCRAFT             ***    ***

      A320 AIRCRAFT             ***    ***

</TABLE>

UNQUOTE

3.    PRICES

      The parties agree that, with respect to the Thirty Aircraft, Clause 3 of
      the Agreement shall be deleted in its entirety and replaced by the
      following:

      QUOTE

3.1   A319 AIRCRAFT BASIC PRICE

      3.1.1 The Airframe Basic Price is the sum of:

      (i)  the Basic Price of the Airframe corresponding to the Standard
           Specification including Nacelles and Thrust Reversers, and excluding
           Buyer Furnished Equipment, which is:

           ***

      (ii) the budget sum of the basic prices of all SCNs which is:

           ***

      3.1.2 The Airframe Basic Price has been established in accordance with the
            average economic conditions prevailing in *** and shall be subject
            to revision up to the Aircraft delivery date in accordance with the
            Airframe Price Revision Formula set forth in Appendix 1 to this
            Amendment.

      3.1.3 A319 Aircraft Propulsion Systems Basic Price

    3.1.3.1 CFM INTERNATIONAL Propulsion Systems

            The Basic Price of a set of two (2) CFM INTERNATIONAL CFM56-5B5/P
            Engines is:

            ***

            at economic conditions prevailing for a theoretical delivery in ***.

            Such Basic Price has been computed from the Reference Price of: USD

A320 F - CES - Amdt.10 - 05/06
CC-C No 337.0031/05                Page 5/27
<PAGE>

               ***

     3.1.3.2   INTERNATIONAL AERO ENGINES Propulsion Systems

               The Basic Price for a set of two (2) INTERNATIONAL AERO ENGINES
               V2522-A5 Engines including standard equipment is:

               ***

               at economic conditions prevailing for a theoretical delivery in
               ***.

               Such Basic Price has been computed from the Reference Price of:
               *** INTERNATIONAL AERO ENGINES Price Revision Formula set forth
               in Appendix 2 to this Amendment.

3.2  A320 AIRCRAFT BASIC PRICE

     3.2.1     The Airframe Basic Price is the sum of:

     (i)       the Basic Price of the Airframe corresponding to the Standard
               Specification including Nacelles and Thrust Reversers, and
               excluding Buyer Furnished Equipment, which is:

               ***

     (ii)      the budget sum of the basic prices of all SCNs which is:

               ***

     3.2.2     The Airframe Basic Price has been established in accordance with
               the average economic conditions prevailing in *** and shall be
               subject to revision up to the Aircraft delivery date in
               accordance with the Airframe Price Revision Formula set forth in
               Appendix 1 to this Amendment.

     3.2.3     A320 Aircraft Propulsion Systems Basic Price

     3.2.3.1   CFM INTERNATIONAL Propulsion Systems

               The Basic Price of a set of two (2) CFM INTERNATIONAL CFM56-5B4/P
               Engines is:

               ***

A320 F - CES - Amdt.10 - 05/06
CC-C No 337.0031/05                Page 6/27
<PAGE>

          ***

          at economic conditions prevailing for a theoretical delivery in ***

          Such Basic Price has been computed from the Reference Price of:
          *** and shall be subject to revision up to the Aircraft delivery date
          in accordance with the CFM INTERNATIONAL Price Revision Formula set
          forth in Exhibit C Part 2 of the Agreement.

3.2.3.2   INTERNATIONAL AERO ENGINES Propulsion Systems

          The Basic price for a set of two (2) INTERNATIONAL AERO ENGINES
          V2527-A5 Engines including standard equipment is:

          ***

          at economic conditions prevailing for a theoretical delivery in
          January 2005.

          Such Basic Price has been computed from the Reference Price of:
          *** INTERNATIONAL AERO ENGINES Price Revision Formula set forth in
          Appendix 2 to this Amendment.

3.4       FINAL PRICE

          The Final Price of each Aircraft shall be the sum of:

          (i)   the Airframe Basic Price as revised as of the Delivery Date in
                accordance with Appendix 1 to the Amendment; plus

          (ii)  the aggregate of all increases or decreases to the Airframe
                Basic Price as agreed in any Specification Change Notice or part
                thereof applicable to the Airframe subsequent to the date of
                this Amendment as revised as of the Delivery Date in accordance
                with Appendix 1 to the Amendment; plus

          (iii) the Propulsion Systems Reference Price as revised as of the
                Delivery Date in accordance with respectively Exhibit C Part 2
                of the Agreement for CFM engines and Appendix 2 to the Amendment
                for IAE engines; plus

          (iv)  the aggregate of all increases or decreases to the Propulsion
                Systems Reference Price as agreed in any Specification Change
                Notice or part thereof applicable to the Propulsion Systems
                subsequent to the date of this Amendment as revised as of the
                Delivery Date in accordance with respectively Exhibit C Part 2
                of the Agreement for CFM engines and Appendix 2 to the Amendment
                for IAE engines; plus

          (v)   any other amount due by the Buyer to the Seller pursuant to this
                Amendment and/or any other written agreement between the Buyer
                and the Seller with respect to the Aircraft.

A320 F - CES - Amdt.10 - 05/06
CC-C No 337.0031/05                Page 7/27

<PAGE>

     UNQUOTE

4.   PREDELIVERY PAYMENTS

     The parties agree that, with respect to the Thirty Aircraft, sub-Clauses
     5.3.1 and 5.3.2 of the Agreement shall be deleted in their entirety and
     replaced by the following:

     QUOTE

     5.3.1

     The Buyer shall pay Predelivery Payments to the Seller calculated on the
     predelivery payment reference price of each Aircraft. The predelivery
     payment reference price is determined by the following formula:

     ***

     Where:

     ***

     5.3.2     Such Predelivery Payments shall be made in accordance with the
               following schedule:

               Payment date                       Percentage of the
                                                  Predelivery Payment
                                                  Reference Price

               ***                                ***

               -----------------------------------------
               Total predelivery payment prior
               to Aircraft delivery............   ***

               ***

     UNQUOTE

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<PAGE>

5.   DELIVERY DATES

     The parties agree that, with respect to the Thirty Aircraft, sub-Clause 9.1
     of the Agreement shall be deleted in its entirety and replaced by the
     following:

     QUOTE

     9.1  DELIVERY SCHEDULE

     9.1.1     Subject to Clauses 2, 7, 8, 10 and 18, the Seller shall have the
               Thirty Aircraft Ready for Delivery at the Delivery Location
               within the following months:

               ***                    1                     ***
               ***                    2                     ***
               ***                    3                     ***
               ***                    4                     ***
               ***                    5                     ***
               ***                    6                     ***
               ***                    7                     ***
               ***                    8                     ***
               ***                    9                     ***
               ***                   10                     ***

               ***                    1                     ***
               ***                    2                     ***
               ***                    3                     ***
               ***                    4                     ***
               ***                    5                     ***
               ***                    6                     ***
               ***                    7                     ***
               ***                    8                     ***
               ***                    9                     ***
               ***                   10                     ***
               ***                   11                     ***
               ***                   12                     ***
               ***                   13                     ***
               ***                   14                     ***
               ***                   15                     ***
               ***                   16                     ***
               ***                   17                     ***
               ***                   18                     ***
               ***                   19                     ***
               ***                   20                     ***

               ***                   30                     ***

     Each of such months shall be, with respect to the corresponding Thirty
     Aircraft, the "SCHEDULED DELIVERY MONTH".

     UNQUOTE

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<PAGE>

6.   SPECIAL CONDITIONS

     ***

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<PAGE>

     ***

6.6  REVISION OF THE CREDIT MEMORANDA

     All the above Credit Memoranda are expressed *** conditions and shall be
     subject to revision up to the Aircraft delivery date in accordance with the
     Airbus Price Revision formula set forth in Appendix 1 of this Amendment.

6.6  ***

7.   CUSTOMER SUPPORT

7.1  ***

7.2  ***

7.3  CLARIFICATION

     The RCSM and training allowances defined in Paragraphs 7.1 and 7.2 of this
     Amendment shall replace the allowances defined respectively in Appendix A
     to Clause 15 and Appendix A to Clause 16 of the Agreement.

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<PAGE>
8.   PRICE ADJUSTMENT LIMITATION

     With reference to the Airframe Price Revision Formula set forth in Appendix
     1 to this Amendment and based on each of the Thirty Aircraft delivery date
     the ***.

     ***

     This price adjustment protection shall apply to all items, which are
     subject to the Airframe Price Revision Formula. For the avoidance of doubt,
     this price adjustment protection shall also apply to the Thirty Aircraft
     Special Conditions (which are subject to escalation) as listed in Paragraph
     6 of this Amendment.

9.   PERFORMANCE GUARANTEES

     For the A319 Aircraft, standard Performance Guarantees are provided in
     Appendix 3 to this Amendment for CFM INTERNATIONAL CFM56-5B5/P engines and
     INTERNATIONAL AERO ENGINE IAE V2522-A5 engines.

     For the A320 Aircraft, standard Performance Guarantees are provided in
     Appendix 4 to this Amendment for CFM INTERNATIONAL CFM56-5B4/P engines and
     INTERNATIONAL AERO ENGINE IAE V2527-A5 engines.

10.  EXPORT CREDIT FINANCING

     The parties agree that, with respect to the Thirty Aircraft, Letter
     Agreement 4 to the Agreement shall be deleted in its entirety and replaced
     by Letter Agreement 1 to this Amendment.

11.  MISCELLANEOUS

11.1 Notwithstanding the terms and conditions of Clause 12.1.3 of the Agreement,
     the parties agree that, with respect to the Thirty Aircraft Clause 12.1.3
     of the Agreement shall be deleted in its entirety and replaced by the
     following:

     QUOTE

     12.1.3    WARRANTY PERIOD

               The warranties contained in Clauses 12.1.1 and 12.1.2 of the
               Agreement shall be limited to those defects which become apparent
               within *** Delivery of the affect Aircraft ("WARRANTY PERIOD").

     UNQUOTE

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<PAGE>

11.2  Notwithstanding the terms and conditions of Clause 12.2.2 and Clause
      12.2.3 of the Agreement, the parties agree that, with respect to the
      Fifteen Aircraft, Clause 12.2.2 and Clause 12.2.3 of the Agreement shall
      be deleted in their entirety and replaced by the following:

      QUOTE

      12.2.2    PERIODS AND SELLER'S UNDERTAKINGS

                ***

      12.2.2.1  ***

      12.2.2.2  replace such Item.

      12.2.3    SELLER'S PARTICIPATION IN THE COSTS

                Any part or Item which the Seller is required to furnish to the
                Buyer under this Service Life Policy in connection with the
                correction or replacement of an Item shall be furnished to the
                Buyer with the Seller's financial participation determined in
                accordance with the following formula:

                ***

                Where

                ***

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<PAGE>
     which ever of the foregoing sub-clauses (i), (ii) or (iii) yields the
     lowest ratio of: ***

     UNQUOTE

11.3 Clause 9 Delivery

     The parties agree that with respect to the Thirty Aircraft, Clause 3 of
     Letter Agreement No. 7 to the Agreement shall be deleted in its entirety
     and replaced by the following:

     QUOTE

     The parties agree to delete sub-clause 9.3.2 in its entirety and replace it
     with the following

     QUOTE

     ***

     UNQUOTE

     UNQUOTE

12.  AMENDMENT ENTRY-INTO-EFFECT

     Until receipt of the Predelivery Payments the delivery positions for the
     Thirty Aircraft shall remain subject to prior sale or other disposition by
     the Seller.

13.  PROVISION OF THE AMENDMENT

     The provisions of the Agreement, its Exhibits, its Letter Agreement shall
     apply to the sale and delivery of the Aircraft herein defined except
     insofar as they may be expressly modified by the provisions of this
     Amendment.

     The Agreement shall be deemed amended and supplemented to the extent herein
     provided and as so amended and supplemented shall remain in full force and
     effect.

     If there is any inconsistency between the Agreement and this Amendment, the
     latter shall prevail to the extent of such inconsistency.

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<PAGE>

IN WITNESS WHEREOF, this Amendment No. 10 was entered into the day and year
above written.

For and on behalf of:                      For and on behalf of:

CHINA EASTERN AIRLINES                     AIRBUS S.A.S.
CORPORATION LIMITED

By:  /s/ Luo Chaogeng                      By:  /s/ Christophe Mourey
     ---------------------------                --------------------------------
Its:                                       Its: Christophe Mourey
     ------------                               --------------------------------
                                                Senior Vice President Contracts

CHINA EASTERN AVIATION IMPORT
AND EXPORT CORPORATION

By:  /s/ Fan Erning
     ---------------------------
Its:
     ----------

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<PAGE>

                                   APPENDIX 1

                         AIRBUS PRICE REVISION FORMULA

1.1   BASIC PRICES

      The Basic Prices defined in the Amendment are 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.

1.2   BASE PERIOD

      The Basic Prices have been established in accordance with the average
      economic conditions prevailing in December 2003, January 2004, February
      2004 and corresponding to a theoretical delivery in January 2005 as
      defined by "ECIb" and "ICb" index values indicated hereafter.

      "ECIb" and "ICb" index values indicated hereof shall not be subject to any
      revision.

1.3   INDEXES

      Labor Index: "Employment Cost Index for Workers in Aerospace
      manufacturing" hereinafter referred to as "ECI SIC 3721W", quarterly
      published by the US Department of Labor, Bureau of Labor Statistics, in
      "NEWS", and found in: Table 6, "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, standard industrial classification code SIC 3721,
      base month and year June 1989 = 100).

      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.

      Index code for access on the Web site of the US Bureau of Labor
      Statistics: ECU28102.

      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 1982 = 100).

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

      REVISION FORMULA

      ***

      Where:

      ***

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<PAGE>

        * * *

1.5     General Provisions

1.5.1   Rounding

        The Labor Index average and the Materiel Index average shall be computed
        to the first decimal. If the next succeeding place is *** , the
        preceding decimal place shall be raised to the next higher figure.

        Each quotient shall be rounded to the nearest *** . If the next
        succeeding place is *** more, the preceding decimal place shall be
        raised to the next higher figure.

        The final factor shall be rounded to the nearest *** .

        The final price shall be rounded to the nearest *** .

1.5.2   Substitution of Indexes

        In the event that:

        (i)   the U.S. Department of Labor substantially revises the methodology
              of calculation of the Labor of the Materiel Index as used in this
              Aircraft Price Revision Formula, or

        (ii)  the U.S. Department of Labor discontinues, either temporarily or
              permanently, such Labor and Materiel Index, or

        (iii) the data samples used to calculate such Labor and Materiel Index
              are substantially changed,

        The Seller shall select a substitute index for inclusion in the Aircraft
        Price Revision Formula (the "SUBSTITUTE INDEX").

        The Substitute Index shall reflect as closely as possible the actual
        variance of the labor costs or of the materiel costs, used in the
        calculation of the original Labor or Material Index, (as the case
        may be).

        As a result of this selection of the Substitute Index, the Seller shall
        make an appropriate adjustment to this Aircraft Price Revision Formula,
        to combine the successive utilization of the original Labor or Material
        Index (as the case may be) and of the Substitute Index.

1.5.3   Final Index Values

        The index values as defined in Clause 1.4. hereof shall be considered
        final and no further adjustment to the basic prices as revised at
        delivery of the Aircraft shall be made after Aircraft delivery for any
        subsequent changes in the published index values.

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<PAGE>

                                   APPENDIX 2

               INTERNATIONAL AERO ENGINES PRICE REVISION FORMULA

1     ENGINES REFERENCE PRICE

      The Reference Price for a set of two (2) INTERNATIONAL AERO ENGINES V2500
      series Engine is:

      ***

      This Reference Price applies to the Engine type as specified in the
      Amendment.

      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
      averaged economic conditions prevailing in *** as defined,
      according to INTERNATIONAL AERO ENGINES by the EClb and ICb, index values
      indicated in Clause 4 hereof.

      INDEXES

      Labor Index: "Employment Cost Index for Workers in Aerospace
      manufacturing" hereinafter referred to as "EClsic3721W", quarterly
      published by the US Department of Labor, Bureau of Labor Statistics, in
      "NEWS", and found in: Table 6, "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, standard industrial classification code SIC 3721,
      base month and year June 1989 = 100.)

      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: ECU281 02i.

      Materiel Index: "Industrial commodities" (hereinafter referred to as "IC")
      as published in "Producer Price Indexes 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
      1982 = 100).

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

4     REVISION FORMULA

      ***
<PAGE>

                                      ***

5     General Provisions

5.1   Roundings

      (i)   ECIn and ICn shall be calculated to the nearest ***

      (ii)  Each quotient (ECIn/ECIb and ICn/ICb) shall be calculated to the
            nearest ***

      (iii) The final factor shall be rounded to the nearest ***

      If the next succeeding place is *** more the preceding decimal place shall
      be raised to the nearest higher figure.

      After final computation Pn shall be rounded to the nearest ***

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 INTERNATIONAL AERO ENGINES, 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 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 Price indexes to *** 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.

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<PAGE>
                                   APPENDIX 3
                  A319 PERFORMANCE GUARANTEES (IAGE AND CFMI)

1    A319 AIRCRAFT CONFIGURATION

     The guarantees defined below (the "Guarantees") are applicable to the A319
     Aircraft as described in the Standard Specification Ref. J 000 01000 Issue
     *** equipped with

     a)   ***

     b)   ***

     without taking into account any further changes thereto as provided in the
     Agreement (the "Specification" for the purposes of this Appendix).

2    GUARANTEED PERFORMANCE

2.1  Take-off Field Length

     The JAR take-off field length at an Aircraft gross weight of 64,000 kg at
     the start of Take-Off Distance Available (TODA) at Sea Level pressure
     altitude in ISA+15oC conditions shall not be more than a guaranteed value
     of:

     a)   for CFM:  * * *

     b)   for IAE:  * * *

2.2  Second Segment Climb

     The Aircraft shall meet JAR 25 regulations for one engine inoperative climb
     after take-off, undercarriage retracted, as a weight corresponding to the
     stated weight at the start of Take-Off Distance Available (TODA), at the
     altitude and temperature, and in the configuration of flap angle and safety
     speed required to comply with the performance guaranteed in paragraph 2.1
     above.

2.3  Landing Field Length

     JAR certified dry landing field length at an A319 Aircraft gross weight of
     *** Sea Level pressure altitude shall be not more than a guaranteed value
     of:

     a)   for CFM:  * * *

     b)   for IAE:  * * *

2.4  Cruise Specific Air Range

     The average nautical miles per kilogram of fuel (average SAR) at a true
     Mach number of 0.78 in ISA+15 conditions under the Weight and Altitude
     conditions given below:

          Gross Weight (kg)    Pressure Altitude (ft)

             * * *                   * * *

     shall be not less than a guaranteed value of:

     a)   for CFM:  * * *

     b)   for IAE:  * * *

3    MANUFACTURER'S WEIGHT EMPTY

     The Seller guarantees a Manufacturer's Weights Empty as below:

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<PAGE>

          A319-100 CFM56-5B5/P        ***
          A319-100 V2522-A5

          These are the Manufacturer's Weights Empty of the A319 Aircraft as
          defined in Section 13-10.00.00 of the Standard Specifications amended
          by the SCN's defined in paragraph 1 of this Appendix and are subject
          to adjustment as defined in paragraph 6.2.

4         GUARANTEE CONDITIONS

4.1       The performance certification requirements for the A319 Aircraft,
          except where otherwise noted, will be as stated in Section 02 of the
          Standard Specification.

4.2       For the determination of JAR take-off and landing performance a hard
          dry level runway surface with no runway strength limitations, no
          line-up allowances, no obstacles, zero wind, atmosphere according to
          ISA, except as otherwise noted, and the use of speed brakes, flaps,
          landing gear and engines in the conditions liable to provide the best
          results will be assumed.

4.2.1     When establishing take-off and second segment performance no air will
          be bled from the engines for cabin air conditioning or anti-icing.

4.3       Climb, cruise and descent performance associated with the Guarantees
          will include allowances for normal electrical load and for normal
          engine air bleed and power extraction associated with maximum cabin
          differential pressure as defined in Section 21-30.31 of the
          Specification. Cabin air conditioning management during performance
          demonstration as described in Subparagraph 5.3 below may be such as to
          optimize the A319 Aircraft performance while meeting the minimum air
          conditioning requirements defined above. Unless otherwise stated no
          air will be bled from the engines for anti-icing.

4.4       The engines will be operated using not more than the engine
          manufacturer's maximum recommended outputs for take-off, maximum
          go-round, maximum continuous, maximum climb and cruise for normal
          operation.

4.5       Where applicable the Guarantees assume the use of an approved fuel
          having a density of 6.70 lb per US gallon and a lower heating
          value of ***. Cruise performance assume a centre of gravity
          position ***.

5         GUARANTEE COMPLIANCE

5.1       Compliance with the Guarantees shall be demonstrated using operating
          procedures and limitations in accordance with those defined by the
          certifying Airworthiness Authority and by the Seller unless otherwise
          stated.

5.2       Compliance with the take-off, second segment and landing elements of
          the Guarantees will be demonstrated with reference to the JAA approved
          Flight Manual.

5.3       Compliance with those parts of the Guarantees defined in paragraph 2
          above not covered by the requirements of the certifying Airworthiness
          Authority shall be demonstrated by calculation based on data obtained
          during flight tests conducted on or e (or more, at the Seller's
          discretion) A319-100 aircraft of the same aerodynamic configuration as
          the A319 Aircraft purchased by the Buyer and incorporated in the
          In-Flight Performance Program and data bases ("the IFP") appropriate
          to the A319 Aircraft.

5.4       Compliance with the Manufacturer's Weight Empty guarantees defined in
          Paragraph 3 shall be demonstrated with reference to a Weight
          Compliance Report.

5.5       Data derived from tests will be adjusted as required using
          conventional methods of correction, interpolation or extrapolation in
          accordance with established aeronautical practices to show compliance
          with the Guarantees.

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<PAGE>
5.6   Compliance with the Guarantees is not contingent on engine performance
      defined in the engine manufacturer's specification.

5.7   The Seller undertakes to furnish the Buyer with a report or reports
      demonstrating compliance with the Guarantees at, or as soon as possible
      after, the deliver of each of the Buyer's A319 Aircraft.

6     ADJUSTMENT OF GUARANTEES

6.1   In the event of any change to any law, governmental regulation or
      requirement or interpretation thereof ("Rule Change") by any governmental
      agency made subsequent to the date of the Agreement and such rule change
      affects the A319 Aircraft configuration or performance or both required to
      obtain certification the Guarantees shall be appropriately modified to
      reflect the effect of any such change.

6.2   The Guarantees apply to the A319 Aircraft as described in paragraph 1 of
      this Appendix and may be adjusted in the event of:

      i)     Any further configuration change which is the subject of a SCN

      ii)    Variation in actual weights of items defined in Section 13-10 of
             the Standard Specification

      iii)   Changes required to obtain certification that cause modifications
             to the performance or weight of the A319 Aircraft

7     EXCLUSIVE GUARANTEES

      The Guarantees are exclusive and are provided in lieu of any and all other
      performance and weight guarantees of any nature which may be stated,
      referenced or incorporated in the Standard Specification or any other
      document.

8     UNDERTAKING REMEDIES

      Should any Aircraft fail to meet any of the Guarantees contained in the
      Appendix, the Seller will use its reasonable endeavours to correct the
      deficiency to comply with the subject guarantee.

8.1       * * *

8.2.1     * * *

8.2.2     * * *

8.3       * * *

8.4       * * *

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<PAGE>
      ***

9.    ASSIGNMENT

      Notwithstanding any other provision of this Appendix, this Appendix and
      the rights and obligations of the Buyer herein shall not be assigned or
      transferred in any manner, and any attempted assignment or transfer in
      contravention of the provisions of this Clause shall be void and of no
      force or effect.

10.   CONFIDENTIALITY

      This Appendix (and its existence) shall be treated by both parties as
      confidential and shall not be released (or revealed) in whole or in part
      to any third party without the prior consent of the other party. In
      particular, each party agrees not to make any press release concerning the
      whole or any part of the contents and/or subject matter hereof or of any
      future addendum hereto without the prior consent of the other party.

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<PAGE>

                                   APPENDIX 4

                   A320 PERFORMANCE GUARANTEES (IAE and CFMI)

1     AIRCRAFT CONFIGURATION

      The guarantees defined below (the "Guarantees") are applicable to the A320
      Aircraft as described in the Standard Specification Ref. D 000 02000 issue
      6 dated 31st January 2005 equipped with:

            a) ***

            b) ***

      without taking into account any further changes thereto as provided in the
      Agreement (the "Specification" for the purposes of this Appendix).

2     GUARANTEED PERFORMANCE

2.1   Take-off Field Length

      The JAR take-off field length at an A320 Aircraft gross weight of *** at
      the start of Take-Off Distance Available (TODA) at Sea Level pressure
      altitude in ISA+15C conditions shall not be more than a guaranteed
      value of:

            a)  for CFM:      ***
            b)  for IAE:      ***

2.2   Second Segment Climb

      The A320 Aircraft shall meet JAR 25 regulations for one engine inoperative
      climb after take-off, undercarriage retracted, at a weight corresponding
      to the stated weight at the start of Take-Off Distance Available (TODA),
      at the altitude and temperature, and in the configuration of flap angle
      and safety speed required to comply with the performance guaranteed in
      paragraph 2.1 above.

2.3   Landing Field Length

      JAR certified dry landing field length at an A320 Aircraft gross weight of
      64,500 kg at Sea Level pressure altitude shall be not more than a
      guaranteed value of:

            a)  for CFM:      ***
            b)  for IAE:      ***

2.4   Cruise Specific Air Range

      The average nautical miles per kilogram of fuel (average SAR) at a true
      Mach number of 0.78 in ISA+15 conditions under the Weight and Altitude
      conditions given below:

            Gross Weight (kg) Pressure Altitude (ft)

                     ***       ***

      shall be not less than a guaranteed value of:

            a)  for CFM:      ***
            b)  for IAE:      ***

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<PAGE>
3.     MANUFACTURER'S WEIGHT EMPTY

       The Seller guarantees a Manufacturer's Weights Empty as below:

          A320-200 CFM56-5B4/P   ***
          A320-200 V2527-A5      ***

          These are the Manufacturer's Weights Empty of the A320 Aircraft as
          defined in Section 13-10.00.00 of the Standard Specifications amended
          by the SCN's defined in paragraph 1 of this Appendix and are subject
          to adjustment as defined in paragraph 6.2.

4         GUARANTEE CONDITIONS

4.1       The performance certification requirements for the A320 Aircraft,
          except where otherwise noted, will be as stated in Section 02 of the
          Standard Specification.

4.2       For the determination of JAR take-off and landing performance a hard
          dry level runway surface with no runway strength limitations, no
          line-up allowances, no obstacles, zero wind, atmosphere according to
          ISA, except as otherwise noted, and the use of speed brakes, flaps,
          landing gear and engines in the conditions liable to provide the best
          results will be assumed.

4.2.1     When establishing take-off and second segment performance no air will
          be bled from the engines for cabin air conditioning or anti-icing.

4.3       Climb, cruise and descent performance associated with the Guarantees
          will include allowances for normal electrical load and for normal
          engine air bleed and power extraction associated with maximum cabin
          differential pressure as defined in Section 21-30.31 of the
          Specification. Cabin air conditioning management during performance
          demonstration as described in Subparagraph 5.3 below may be such as to
          optimize the A320 Aircraft performance while meeting the minimum air
          conditioning requirements defined above. Unless otherwise stated no
          air will be bled from the engines for anti-icing.

4.4       The engines will be operated using not more than the engine
          manufacturer's maximum recommended outputs for take-off, maximum
          go-round, maximum continuous, maximum climb and cruise for normal
          operation.

4.5       Where applicable the Guarantees assume the use of an approved fuel
          having a density of 6.70 lb per US gallon and a lower heating value of
          *** per lb. Cruise performance assume a centre of gravity position of
          ***.

5.        GUARANTEE COMPLIANCE

5.1       Compliance with the Guarantees shall be demonstrated using operating
          procedures and limitations in accordance with those defined by the
          certifying Airworthiness Authority and by the Seller unless otherwise
          stated.

5.2       Compliance with the take-off, second segment and landing elements of
          the Guarantees will be demonstrated with reference to the JAA approved
          Flight Manual.

5.3       Compliance with those parts of the Guarantees defined in paragraph 2
          above not covered by the requirements of the certifying Airworthiness
          Authority shall be demonstrated by calculation based on data obtained
          during flight tests conducted on one (or more, at the Seller's
          discretion) A320-200 aircraft of the same aerodynamic configuration as
          the A320 Aircraft purchased by the Buyer and incorporated in the
          In-Flight Performance Program and data bases ("the IFP") appropriate
          to the A320 Aircraft.

5.4       Compliance with the Manufacturer's Weight Empty guarantees defined in
          Paragraph 3 shall be

A320 F - CES - Amdt.10 - 05/06
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<PAGE>
          demonstrated with reference to a Weight Compliance Report.

5.5       Data derived from tests will be adjusted as required using
          conventional methods of correction, interpolation or extrapolation in
          accordance with established aeronautical practices to show compliance
          with the Guarantees.

5.6       Compliance with the Guarantees is not contingent on engine performance
          defined in the engine manufacturer's specification.

5.7       The Seller undertakes to furnish the Buyer with a report or reports
          demonstrating compliance with the Guarantees at, or as soon as
          possible after, the delivery of each of the Buyer's A320 Aircraft.

6.        ADJUSTMENT OF GUARANTEES

6.1       In the event of any change to any law, governmental regulation or
          requirement or interpretation thereof ("Rule Change") by any
          governmental agency made subsequent to the date of the Agreement and
          such rule change affects the A320 Aircraft configuration or
          performance or both required to obtain certification the Guarantees
          shall be appropriately modified to reflect the effect of any such
          change.

6.2       The Guarantees apply to the A320 Aircraft as described in paragraph 1
          of this Appendix and may be adjusted in the event of:

          i)   Any further configuration change which is the subject of a SCN
          ii)  Variation in actual weights of items defined in Section 13-10 of
               the Standard Specification
          iii) Changes required to obtain certification that cause modifications
               to the performance or weight of the A320 Aircraft

7         EXCLUSIVE GUARANTEES

          The Guarantees are exclusive and are provided in lieu of any and all
          other performance and weight guarantees of any nature which may be
          stated, referenced or incorporated in the Standard Specification or
          any other document.

8         UNDERTAKING REMEDIES

          Should any A320 Aircraft fail to meet any of the Guarantees contained
          in this Appendix, the Seller will use its reasonable endeavours to
          correct the deficiency to comply with the subject guarantee.

8.1       ***

8.2.1     ***

8.2.2     ***

8.3       ***

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<PAGE>

8.4  ***

9.   ASSIGNMENT

     Notwithstanding any other provision of this Appendix, this Appendix and the
     rights and obligations of the Buyer herein shall not be assigned or
     transferred in any manner, and any attempted assignment or transfer in
     contravention of the provisions of this Clause shall be void and of no
     force or effect.

10.  CONFIDENTIALITY

     This Appendix (and its existence) shall be treated by both parties as
     confidential and shall not be released (or revealed) in whole or in part to
     any third party without the prior consent of the other party. In
     particular, each party agrees not to make any press release concerning the
     whole or any part of the contents and/or subject matter hereof or of any
     future addendum hereto without the prior consent of the other party.

A320 F - CES - Amdt.10 - 05/06
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<PAGE>
LETTER AGREEMENT No 1
---------------------

CHINA EASTERN AIRLINES CORPORATION LIMITED
Pudong International Airport
Shanghai 201202
People's Republic of China

Subject ***
-------

CHINA EASTERN AIRLINES LIMITED (the "Buyer") and Airbus S.A.S. (the "Seller")
have entered into an Amendment No. 10 to the Agreement ("the Amendment") dated
as of even date herewith which covers the manufacture and the sale by the
Seller and the purchase by the Buyer of the Thirty Aircraft.

Capitalized terms used herein and not otherwise defined in this Letter
Agreement shall have the meanings assigned thereto in the Amendment.

Both parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, nonseverable part of said Amendment and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

***

A320 F - CES - Amdt.10 - LA 1
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                                   Page 1/5

<PAGE>

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

For and on behalf of:                       For and on behalf of:

CHINA EASTERN AIRLINES                      AIRBUS S.A.S.
CORPORATION LIMITED

By: /s/ Luo Chaogeng                        By:  /s/ Christophe Mourey
    ---------------------------                  -------------------------------
Its:                                        Its: Christophe Mourey
     ------------                                Senior Vice President Contracts

CHINA EASTERN AVIATION IMPORT
AND EXPORT CORPORATION

By:  /s/ Fan Erning
     ---------------------------
Its:
     -----------

A320 F - CES - Amdt.10 - LA 1
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                                     Page 2/5

<PAGE>

APPENDIX A

1.   GENERAL TERMS AND CONDITIONS
     ----------------------------

     Unless otherwise stated or decided by the Export Credit Agencies at their
     sole discretion, the following general terms and conditions shall apply to
     the facility.

1.1  Purpose and Amount
     ------------------

     ***

1.2  ***

     ***

1.3  Drawdowns and Payment to the Seller
     -----------------------------------

     ***

     i)   ***

     ii)  ***

     Notwithstanding any decision by the Buyer to draw down the Facility in a
     currency or currencies other than USD, the Seller shall receive, at
     delivery of the relevant Aircraft, the Final Price in the currency stated
     in the Agreement.

A320 F - CES - Amdt.10 - LA 1
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                                   Page 3/5

<PAGE>
1.4  Term Repayment of Principal
     ---------------------------

     The term of the Facility shall not exceed twelve (12) years.

     ***

1.5  Interest
     --------

     ***

1.6  Expenses and Taxes
     ------------------

     ***

1.7  ***

A320 F - CES - Amdt.10 - LA 1
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                                  Page 4/5

<PAGE>

1.8  ***

     ***

2.   FURTHER TERMS AND CONDITIONS
     ----------------------------

     ***

2.1  ***

     ***

2.2  ***

A320 F - CES - Amdt.10 - LA 1
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                                  Page 5/5

<PAGE>
LETTER AGREEMENT No 2

CHINA EASTERN
AIRLINES CORPORATION LIMITED

Pudong International Airport
Shanghai 201202
People's Republic of China

Subject: CONVERSION RIGHTS

***

A319/A320 - CES - Amdt.10 - LA 2
CC-C 337.0031/05                    Page 1/6

<PAGE>
LETTER AGREEMENT No 2

***

A319/A320 - CES - Amdt.10 - LA 2
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<PAGE>
LETTER AGREEMENT No 2

***

A319/A320 - CES - Amdt.10 - LA 2
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<PAGE>
LETTER AGREEMENT No 2

***

A319/A320 - CES - Amdt.10 - LA 2
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<PAGE>
LETTER AGREEMENT No 2

***

A319/A320 - CES - Amdt.10 - LA 2
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<PAGE>

LETTER AGREEMENT No. 2

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.

Agreed and Accepted                      Agreed and Accepted

For and on behalf of:                    For and on behalf of:

CHINA EASTERN AIRLINES                   AIRBUS SAS
CORPORATION LIMITED

Name:  /s/ Luo Chaogeng                   Name:  /s/ Christophe Mourey
       ---------------------------               -------------------------------
Title:                                    Title: Christophe Mourey
       ------------                              -------------------------------
                                                 Senior Vice President Contracts

For and on behalf of:

CHINA EASTERN AVIATION IMPORT
AND EXPORT CORPORATION

Name:  /s/ Fan Erning
       ---------------------------
Title:
       -----------

A319/A320 - CES - Amdt.10 - LA 2
CC-C No 337.0031/05                  Page 6/6

<PAGE>
LETTER AGREEMENT No 3

CHINA EASTERN AIRLINES CORPORATION, LIMITED
Pudong International Airport
Shanghai 201202
People's Republic of China

Subject: MISCELLANEOUS

***

A319/A320 - CES - Amdt.10 - LA 3
CC-C 337.0031/05                    Page 1/3
<PAGE>
LETTER AGREEMENT No 3

1.    High Altitude Operation

      The Buyer has indicated that it may wish to operate all ten (10) A319
      Aircraft into high altitude airports (Tibet). ***

      (i)   a design weight increase to ***

2.    ***

3.    ***

A319/A320 - CES - Amdt.10 - LA 3
CC-C 337.0031/05                    Page 2/3
<PAGE>

LETTER AGREEMENT No. 3

***

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.

Agreed and Accepted                       Agreed and Accepted

For and on behalf of:                     For and on behalf of:

CHINA EASTERN AIRLINES                    AIRBUS SAS
CORPORATION LIMITED

Name: /s/ Luo Chaogeng                    Name:  /s/ Christophe Mourey
       ---------------------------               -------------------------------
Title:                                    Title: Christophe Mourey
       ------------                              -------------------------------
                                                 Senior Vice President Contracts

For and on behalf of:

CHINA EASTERN AVIATION IMPORT
AND EXPORT CORPORATION

Name:  /s/ Fan Erning
       ---------------------------
Title:
       -----------

A319/A320 - CES - Amdt.10 - LA 3
CC-C No 337.0031/05                  Page 3/3

<PAGE>
CHINA EASTERN AIRLINES CORPORATION, LIMITED
Pudong International Airport
Shanghai 201202
People's Republic of China

Subject: SHAREHOLDERS APPROVAL

CHINA EASTERN AIRLINES CORPORATION LIMITED (the "Buyer") and Airbus S.A.S. (the
"Seller") have entered into an Amendment No. 10 to the Agreement ("the
Amendment") dated as of even date herewith which covers the manufacture and the
sale by the Seller and the purchase by the Buyer of the Thirty Aircraft.

Capitalized terms used herein and not otherwise defined in this Side Letter
shall have the meanings assigned thereto in the Amendment.

Both parties agree that this Side Letter, upon execution thereof, shall
constitute an integral, nonseverable part of said Amendment and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Side Letter.

Now, with respect to the Aircraft, the Buyer and the Seller agree the following:

      1)    ***

      2)    ***

      3)    ***

      4)    ***

A319/A320 - CES - Amdt.10
CC-C 337.0031/05            Side Letter 1 - Page 1/2
<PAGE>

SIDE LETTER No. 1

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.

Agreed and Accepted                           Agreed and Accepted

For and on behalf of:                         For and on behalf of:

CHINA EASTERN AIRLINES                        AIRBUS SAS
CORPORATION LIMITED

Name: /s/ Luo Chaogeng                    Name:  /s/ Christophe Mourey
       ---------------------------               -------------------------------
Title:                                    Title: Christophe Mourey
       ------------                              -------------------------------
                                                 Senior Vice President Contracts

For and on behalf of:

CHINA EASTERN AVIATION IMPORT
AND EXPORT CORPORATION

Name:  /s/ Fan Erning
       ---------------------------
Title:
       -----------

A319/A320 - CES - Amdt.10
CC-C No 337.0031/05                  Page 2/2

<PAGE>
SIDE LETTER NO. 1

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.

<Table>
<S>                                                 <C>
Agreed and Accepted                                 Agreed and Accepted

For and on behalf of                                For and on behalf of

CHINA EASTERN AIRLINES                              AIRBUS SAS
CORPORATION LIMITED

Name: /s/ Luo Chaogeng                              Name: /s/ Christophe Mourey
      --------------------------                          ---------------------------------

Title:                                              Title: Senior Vice President Contracts
      --------------------------                           --------------------------------

For and on behalf of

CHINA EASTERN AVIATION IMPORT
AND EXPORT CORPORATION

Name: /s/ Fan Erning
      ---------------------------

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

</Table>

                            Side Letter 1 - Page 2/2

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