Document:

Letter Agreement

 Exhibit 10.10 
  
 July 3, 2003 
  
 5-1005-JSW-737 
  
 AIRTRAN AIRWAYS, INC. 
 9955 AirTran Boulevard 
 Orlando, FL 32827 
  
 Attention: Mr. Stan Gadek

 Senior Vice President, Chief Financial Officer 
  
 Dear Sirs: 
  
 The Boeing Company is pleased to commit to arrange or provide the following secured financing to AirTran Airways, Inc. based on the following summary of principal terms and conditions. 
  

	 Lender:
	    	The Boeing Company (“Boeing”) or its affiliates, successors or assigns (“Lender”).
		
	 Borrower:
	    	AirTran Airways, Inc.
		
	 Guarantor:
	    	AirTran Holding, Inc.
		
	 Expiration Date:
	    	Financing shall be available until the time of delivery of the last firm Aircraft ***.
		
	 Use of Proceeds:
	    	To finance the acquisition of up to sixteen (16) new 737-700 or 737-800 passenger aircraft, each equipped with two CFM International CFM56 engines (together with all records,
logs, manuals, parts, accessories and equipment on the aircraft, each an “Aircraft” and collectively, the “Aircraft”) from The Boeing Company (the “Manufacturer”).
		
	 Financed Amount:
	    	The amount to be financed for an Aircraft shall be equal to eighty percent (80%) of the Manufacturer’s invoice price for such Aircraft, excluding any buyer furnished
equipment, seller furnished equipment, delay charges, and interest, *** and any other credits provided by the Manufacturer or engine manufacturer which are applied by Borrower to reduce the purchase price of the Aircraft.

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

	 Commencement Date:
	    	Each Loan shall be made upon delivery of each of the Aircraft from the Manufacturer (“Commencement Date”).
		
	 Term and Amortization:
	    	The loan (the “Loan”) in respect of each Aircraft shall be paid in *** installments with a set principal repayment schedule (mortgage style annuity) and fixed interest
payments, based on a *** amortization to zero, beginning one month after the Commencement Date of such Loan. All payments shall be in US dollars and shall be net of any wire transfer or similar charges or any taxes or withholding.
		
	 	    	Notwithstanding the foregoing, the Loan shall be available to Borrower to be used as the debt component in a leveraged lease financing. In such event, amortization may be
“optimized” in the customary manner if included in any leveraged lease provided that the weighted average life of the debt is not increased.
		
	 	    	Borrower shall give Lender ninety (90) days written notice prior to any Aircraft delivery for which it requires backstop financing. ***
		
	 Security:
	    	Each Loan *** shall be secured by the Aircraft to which it relates. *** The security arrangements shall include, without limitation, a first priority perfected mortgage and
security interest on the Aircraft and in each case such arrangements shall be in all respects acceptable to the Lender, acting reasonably and in good faith. In addition the Aircraft shall remain free of all liens, other than permitted liens, and
shall not be pledged to any third party.
		
	 Interest Rate:
	    	***
		
	 Prepayments:
	    	So long as (i) no “Event of Default” under the relevant security documents shall have occurred and be continuing and (ii) Borrower pays Lender any make whole amount due
in connection with any such prepayment on the date of prepayment, Borrower shall have the right to prepay all, but not less than all, of the principal, interest and other amounts owing under any

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

	 	    	Loan *** on any regularly scheduled payment date, upon at least thirty (30) days prior notice. No make whole amount or other premium shall be due in the event of
prepayment upon a total loss of the Aircraft.
			
	 ***
	    	 	 	 
			
	 ***
	    	 	 	 
		
	 Registration:
	    	The Aircraft will at all times during the Term remain properly registered with the FAA and all interests of the Lender will be duly recorded under applicable
law.
		
	 Operation:
	    	Operation of the Aircraft will at all times be in compliance with all laws and regulations applicable to the Borrower, the Lender and the Aircraft.
		
	 Maintenance:
	    	Borrower shall:
			
	 	    	 (a)
	 	Maintain the Aircraft in good operating condition and in accordance with an FAA approved maintenance program and so as to maintain a valid U.S. FAA standard Certificate of
Airworthiness and U.S. registration and shall in any case maintain the aircraft in accordance with FAA Part 121.
			
	 	    	 (b)
	 	Maintain the Aircraft in the same manner and with the same care as used by Borrower with respect to other aircraft owned or operated by Borrower.
			
	 	    	 (c)
	 	Maintain all records, logs and other material in English and in a form consistent with U.S. FAA requirements.
		
	Delivery Condition Inspection:	    	At delivery, the Aircraft shall be in a passenger configuration and shall otherwise be in “as is, where is” condition and status as received new from the
Manufacturer on the Commencement Date.
		
	 Net Taxes:
	    	Each Loan shall be net, whereby Borrower will be obligated to pay, subject to customary qualifications and exceptions, all costs, charges, fees, expenses, imposts, duties
and taxes (including any and all trade, value-added, or withholding taxes) associated with the financing, refinancing, purchase, delivery, use, possession, control, maintenance, repair, insurance, storage or operation of the
Aircraft.

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

	 Insurance:
	    	Borrower, at its expense, will maintain (1) hull all risk insurance, and hull war and allied perils insurance for each Aircraft in each case in an amount not less than ***; and
(2) aviation liability insurance including aircraft liability, products/completed operations liability and liability war risk and allied perils insurance for the full policy limits carried by Borrower (or such greater amount as is customary among
airlines operating similar aircraft on similar routes), but in no event less than *** combined single limit bodily injury (including passengers) and property damage, each occurrence subject to annual aggregates commonly imposed by aviation insurers.
Such insurance coverage will be denominated in US dollars and shall be with sound companies which regularly participate in the major national or international aviation insurance markets (or if applicable, the U.S. government) and contain
endorsements customarily applicable to U.S. airlines similarly situated with Borrower and reasonably satisfactory to Lender acting in good faith including, without limitation, Lender and any security trustee acting on Lender’s behalf as loss
payee under Borrower’s hull and hull war risk policies and as additional insured under Borrower’s public liability policies.
		
	 Taxes and deductions:
	    	Any and all payments on and in respect of each of the Loan shall be made free and clear of, and without setoff, counterclaim or deduction for, any present or future taxes,
withholdings, levies, charges or other taxes (“Withholding Tax”). If any Withholding Tax is imposed, Borrower agrees to (i) pay to Lender an additional amount such that the net amount actually received by Lender equals the amount which
Lender would have received had such withholding not been made and (ii) pay to the relevant taxation or other authority the full amount of the Withholding Tax.
		
	 Other Taxes:
	    	Borrower will be obligated to defend, indemnify, hold harmless and pay any and all costs, charges, fees, expenses, imposts, duties, levies, charges or other taxes (including any
and all trade taxes, value-added taxes, or Withholding Taxes) imposed or collected in

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

	 	    	 connection with, in relation to or associated with the purchase, acquisition, acceptance, rejection, ownership, delivery,
non-delivery, financing, refinancing, mortgaging, importation, exportation, use, possession, repossession, transport, registration, de-registration, re-registration, transfer of title, control, maintenance, repair, insurance, storage or operation of
the Aircraft, other than Lender Taxes.
  
 “Lender Tax”
means:

			
	 	    	 (a)
	 	Taxes imposed solely as a result of activities of Lender in the jurisdiction imposing the liability unrelated to Lender’s dealings with Borrower or to the transactions
contemplated by this proposal or the operation of the Aircraft; and
			
	 	    	 (b)
	 	U.S. federal net income taxes imposed on Lender.
		
	 Covenants:
	    	Borrower shall:
			
	 	    	 (a)
	 	not (except in connection with any leveraged lease transaction) assign any of its rights under any Loan without prior written consent of Lender. Borrower shall not transfer
possession of the Aircraft without the prior written consent of Lender. Borrower shall have the right to sublease the Aircraft under customary terms and conditions to be mutually agreed in the transaction documentation.
			
	 	    	 (b)
	 	provide (or make available electronically) Lender fiscal year-end audited financial statements of Borrower within 90 days following the end of its fiscal year and unaudited
quarterly statements within 60 days after the end of each quarter during the Term.
		
	 Indemnities:
	    	Borrower shall indemnify and hold harmless the Lender from and against any and all liabilities, losses, penalties, costs or claims arising out of, or damages caused,
including by third parties, as a consequence of the operation, ownership, management, possession, use and/or maintenance of the Aircraft, the contemplated financing and/or the Borrower’s failure to perform its obligations under any financing
documentation.
		
	 Assignment:
	    	Borrower may not (except in connection with any leveraged lease transaction) assign the benefit of the

	 	    	financing without Lender’s prior consent. Lender reserves the unrestricted right to transfer or assign all or a portion of its rights, title and interest in the
Loans and its obligations and benefits under the Loans to third parties, and Borrower agrees to cooperate and provide such documentation and assistance as Lender shall reasonably request in connection with any such assignment (provided that Borrower
shall not be obligated to incur any material cost or expense in connection with such transfer or assignment), and all such transferees and assignees shall be entitled to all indemnity, tax and increased cost protections as if they had been the
Lender on the date of the execution of the facility.
		
	 Documentation:
	    	 Documentation for this transaction will be prepared by the Lender and be acceptable to Borrower, acting reasonably and in
good faith, and will be governed by the laws of the State of New York.
  
 The
definitive documentation will contain customary conditions precedent such as opinions of counsel, insurance documentation, delivery of various certificates, inspections, government approvals, etc. as well as representations, warranties, indemnities,
covenants, events of default, ***, remedies, events of loss, general and tax indemnities, capital adequacy and increased cost provisions, illegality protection, break funding costs and other provisions customary for secured debt transactions, as the
case may be.

			
	 ***
	    	 	  	 
		
	 Transaction Currency:
	    	All payment obligations under the Loans *** will be denominated in U.S. dollars.
		
	 Conditions Precedent:
	    	The terms of this commitment and the obligation of the Lender to close this transaction are subject to the following:
			
	 	    	(a)	  	Lender’s receipt of Borrower’s signature on this proposal no later than the close of business on July 3, 2003 ***.
			
	 	    	(b)	  	Execution and delivery of transaction documentation including documentation for the

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

	 	 	 	  	Loan, *** and security agreements and opinions, in favor of and satisfactory in form and substance to Lender.
			
	 	 	(c)	  	From the date of this letter to the date of each delivery, there shall not have occurred any change in (i) U.S. generally accepted accounting principles and related accounting
rules or (ii) any legislation enacted by the U.S. Congress which in any such event would materially adversely affect Lender’s yield from this transaction without appropriate adjustment in the terms hereof.
			
	 	 	(d)	  	No “Event of Default” under the relevant transaction documentation in respect of any Aircraft or any other aircraft then being financed or leased by Lender or any of its
affiliates to Borrower or any other debt or lease financing by Lender or any of its affiliates to Borrower or any of its affiliates, or any default under the Purchase Agreement by Borrower shall have occurred and be continuing.
			
	 	 	(e)	  	The debt markets in the United States shall not have failed to open for any reason on any day that was not a weekend or holiday during the 14 day period immediately prior to a
funding date hereunder and, if the debt markets do close during such 14 day period, the Commencement Date for such Loan shall be delayed until the first business day following the end of such 14 day period.
			
	 	 	(f)	  	From the date of this proposal to the Commencement Date of any Loan, no material adverse change shall have occurred in Borrower’s financial condition or business prospects.
***

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

 NOTE: This proposal, and the information set forth herein, is the confidential and proprietary business
information of Boeing and may not be disclosed to any third party without the prior written consent of Boeing. 
  
 This proposal shall be governed by the laws of the State of New York. 
  
 This proposal is a summary only and is not an exhaustive discussion of the issues arising from the proposed transaction. If the terms and conditions of this proposal meet with your approval, please indicate your
acceptance by signing two copies of this letter in the space provided below and returning one signed copy to the undersigned. If you have any questions, please do not hesitate to call me at 425-393-0696. Boeing looks forward to this opportunity to
be of service to AirTran Airways, Inc. 
  
 Yours truly, 
  
 /s/ Jordan Weltman 
 Jordan Weltman 
 Authorized Signatory 
 The Boeing Company 
  
 AGREED AND
ACCEPTED: 
 AIRTRAN AIRWAYS, INC. 
  

	 By:
	 	 /s/ Richard P. Magurno

		
	 Its:
	 	 Sr. V.P.

		
	 Date:
	 	 July 3, 2003Amendment No.11

 Exhibit 10.11 
  
 AMENDMENT NO. 11 
  
 THIS AMENDMENT NO. 11 dated July 3, 2003, is made by and between MCDONNELL DOUGLAS CORPORATION a wholly owned subsidiary of THE BOEING
COMPANY (Seller), having an office in the City of Long Beach, State of California, and AIRTRAN AIRWAYS, INC. (Buyer), having its executive offices in the City of Orlando, State of Florida. 
  
 WITNESSETH: 
  
 In consideration of the mutual covenants herein, Buyer and Seller agree to
amend Purchase Agreement DAC 95-40-D dated December 6, 1995, as amended by Amendment No. 10 dated November 14, 2002, as follows: 
  
 1. Seller and Buyer have agreed to cancel the six (6) Option Aircraft, further described in Amendment No. 5 to Letter Agreement No. 1 to Purchase
Agreement DAC 95-40-D as Option Aircraft Numbers 23 through 28 with scheduled months of delivery of July 2005, August 2005, September 2005, April 2005, May 2005, and June 2005, respectively. Seller has agreed to sell and Buyer has agreed to purchase
six (6) aircraft to be delivered in May, August, October and November 2004, and January and March 2005, respectively. The six Aircraft will be delivered to Buyer in the configuration as shown in Exhibit A1. The Purchase Agreement is amended and
supplemented as follows: 
  

	 	1.1.	Aircraft Description. Seller will manufacture and sell to Buyer, and Buyer will purchase from Seller, the Aircraft described as Buyer’s Aircraft Nos. 61 through
66 in Paragraph 1 of Section C of Article 6 of the Purchase Agreement (the Delivery Schedule), attached hereto and made a part hereof. 

  

	 	1.2.	Price. The Aircraft Basic Price for the Aircraft as set forth in the Purchase Agreement shall be increased by an amount of $83,400 for incorporation of the following
features; 

  

	 Feature

	  	 Title

	  	Price (1995$ STE)

	 G3131S013
	  	Incorporation of Flight Data Recorder with 88 Parameter Recording Capability	  	$	61,800
	 G5254S001A
	  	Installation of a Flight Compartment Entrance Door with Enhanced Security Capabilities	  	$	14,200
	 G5254S004
	  	Installation of an Electronic Access System on the Enhanced Cockpit Door	  	$	7,400

  

	 	1.3	The Advance Payment Base Price for the Aircraft is as set forth in the Purchase Agreement. 

  

 -1- 

 2. Article 2., entitled SUBJECT MATTER OF SALE, is hereby amended to delete paragraphs A. and C. in their
entirety and the following is inserted in lieu thereof to add the six (6) Aircraft. 
  

	“A.	Seller shall manufacture, sell and deliver to Buyer, and Buyer shall purchase from Seller, under the terms and subject to the conditions set forth in this Agreement, fifty-seven
Model 95-30 aircraft conforming to the Detail Specification which consists of DS9530A dated 05 January 1995 as amended by the SCN’s set forth in Exhibits A1 and A2 hereto and as may be further modified in accordance with the provisions of the
article entitled DETAIL SPECIFICATION CHANGES. 

  

	B.	During the manufacture of the Aircraft by Seller, Buyer shall be required to provide information concerning the configuration of the Aircraft, including, but not limited to,
interior arrangement, special features, and the selection of materials and colors. Seller shall provide Buyer reasonable notice relative to the dates when such information is required and Buyer shall provide such information by the dates so
specified. In the event Buyer fails to perform in accordance with the dates provided by Seller, Seller shall have the same rights as those specified in paragraph F. of the article entitled BUYER FURNISHED OR DESIGNATED EQUIPMENT.

  

	C.	In the event of any conflict or inconsistency between any provisions of this Agreement (excluding Exhibit A and Exhibits A1 and A2 hereto) and the Detail Specification, the
provisions of this Agreement shall apply.” 

  
 3. Delivery Schedule. Article 6., entitled DELIVERY, is hereby amended to delete paragraph C.1. Delivery in its entirety and the following is inserted in lieu thereof to add aircraft numbers 61 through 66 with delivery months
of May, August, October and November, 2004, and January and March 2005, respectively. 
  

	“C.	Delivery 

  

	 	1.	On the first business day after technical acceptance pursuant to paragraph B.3. or B.4. above, but no earlier than the later of the issuance of an FAA Certificate of Airworthiness
for the Aircraft or the first business day of the scheduled month of delivery, Buyer shall accept delivery of the Aircraft by endorsement of Section B of a Certificate of Technical Acceptance and Delivery for such Aircraft. Delivery shall be made at
Long Beach, California, or any other location mutually agreed by Buyer and Seller. The scheduled months of delivery of the Aircraft are as follows: 

  

 -2- 

	 Buyer’s Aircraft
Number

	  	 Delivery Month

	  	Configuration
Exhibit

			
	 1
	  	Sep 1999	  	A1
	 2
	  	Sep 1999	  	A1
	 3
	  	Oct 1999	  	A1
	 4
	  	Oct 1999	  	A1
	 5
	  	Nov 1999	  	A1
	 6
	  	Nov 1999	  	A1
	 7
	  	Dec 1999	  	A1
	 8
	  	Dec 1999	  	A1
	 9
	  	Jan 2000	  	A1
	 10
	  	Mar 2000	  	A1
	 11
	  	May 2000	  	A1
	 12
	  	Jul 2000	  	A1
	 13
	  	Sep 2000	  	A1
	 14
	  	Oct 2000	  	A1
	 15
	  	Nov 2000	  	A1
	 16
	  	Dec 2000	  	A1
	 17
	  	Jan 2001	  	A1
	 18
	  	Feb 2001	  	A1
	 19
	  	Mar 2001	  	A1
	 20
	  	Apr 2001	  	A1
	 21
	  	May 2001	  	A1
	 22
	  	Jun 2001	  	A1
	 23
	  	Jul 2001	  	A1
	 24
	  	Aug 2001	  	A1
	 25

	  	Sep 2001	  	A1
	 26
	  	Oct 2001	  	A1
	 27
	  	Nov 2001	  	A1
	 51
	  	Dec 2001	  	A1
	 28
	  	Dec 2001	  	A1
	 52
	  	Dec 2001	  	A1
	 29
	  	Jan 2002	  	A1
	 30
	  	Feb 2002	  	A1
	 31
	  	Mar 2002	  	A1
	 54
	  	Apr 2002	  	A2
	 32
	  	May 2002	  	A1
	 55
	  	May 2002	  	A2
	 56
	  	Jun 2002	  	A2
	 57
	  	Jun 2002	  	A2
	 33
	  	Jul 2002	  	A1
	 37
	  	Jul 2002	  	A2
	 58
	  	Aug 2002	  	A2
	 59
	  	Aug 2002	  	A2

  

 -3- 

	 Buyer’s Aircraft
Number

	  	 Delivery Month

	  	Configuration
Exhibit

			
	 34
	  	Sep 2002	  	A1
	 35
	  	Oct 2002	  	A1
	 36
	  	Oct 2002	  	A2
	 60
	  	Oct 2002	  	A2
	 38
	  	Nov 2002	  	A2
	 40
	  	Nov 2002	  	A1
	 39
	  	Dec 2002	  	A2
	 41
	  	Dec 2002	  	A1
	 53
	  	Jan 2003	  	A1
	 61
	  	May 2004	  	A1
	 62
	  	Aug 2004	  	A1
	 63
	  	Oct 2004	  	A1
	 64
	  	Nov 2004	  	A1
	 65
	  	Jan 2005	  	A1
	 66
	  	Mar 2005	  	A1

  
 3. Payment.
Buyer will make Advance Payments to Seller in the amount of ***% of the Advance Payment Base Price of each Aircraft.  
  
 3.1 These payments begin with a payment of ***% due on the date of this Agreement for each Aircraft. Additional payments for each Aircraft
are due on the first business day of the months and in the amounts listed in Paragraph 2. Progress Payment Schedule One of Letter Agreement No. 36 to the Purchase Agreement. 
  
 3.2 Since the Aircraft described on the attached Delivery Schedule have a scheduled delivery month less than
twenty-four (24) months from the date of this Agreement, the total amount of Advance Payments due upon the date of this Agreement will include all Advance Payments that are or were due on or before such date in accordance with Progress Payment
Schedule One of Letter Agreement No. 36. 
  
 4. All of the terms
of the Agreement shall remain in full force and effect, except as herein expressly changed, modified or supplemented, or except insofar as the terms thereof have been completed, performed or complied with prior to the date hereof. 

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

  

 -4- 

 For convenience only, insert pages reflecting the affects of this Amendment are attached hereto. In the
event of any conflict between the Agreement and the insert pages attached, the terms and conditions of this Amendment shall prevail. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 11 to be executed as of the date first above written by their officers or agents
thereunto duly authorized. 
  

	
	AGREED AND ACCEPTED:
	 AIRTRAN AIRWAYS, INC.

	
	 Signature: /s/ Richard P. Magurno

	
	 Printed Name: Richard P. Magurno

	
	 Title: Sr. V.P.

	
	 MCDONNELL DOUGLAS CORPORATION

	
	 a wholly owned subsidiary of

	 THE BOEING COMPANY

	
	 Signature: /s/ Scott S. Massey

	
	 Printed Name: Scott S. Massey

	
	 Title: Attorney-in-fact

  

 -5-

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