Document:

<PAGE>
* Confidential treatment has been requested for portions of this exhibit.
  The copy filed herewith omits the information subject to the confidentiality
  request. Omissions are designated as "*". A complete version of this exhibit
  has been filed separately with the Securities and Exchange Commission.

                                                                    Exhibit 10.1

                                   A320 FAMILY

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE

                                       AND

                                       TAM

                          TRANSPORTES AEREOS REGIONAIS

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
    0     PURCHASE AGREEMENT
    1     SALE AND PURCHASE
    2     SPECIFICATION CHANGES
    3     PRICES AND TAXES
    4     PRICE REVISION FORMULAE
    5     PAYMENT TERMS
    6     PLANT REPRESENTATIVES - INSPECTION
    7     CERTIFICATION
    8     BUYER'S TECHNICAL ACCEPTANCE
    9     DELIVERY
   10     EXCUSABLE DELAY
   11     NON EXCUSABLE DELAY
   12     WARRANTIES AND SERVICE LIFE POLICY
   13     PATENT - INDEMNITY
   14     TECHNICAL PUBLICATIONS
   15     SELLER REPRESENTATIVES
   16     TRAINING AND TRAINING AIDS
   17     VENDOR PRODUCT SUPPORT
   18     BUYER FURNISHED EQUIPMENT AND DATA
   19     DATA RETRIEVAL
   20     TERMINATION
   21     ASSIGNMENT
   22     MISCELLANEOUS PROVISIONS
</TABLE>

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
EXHIBITS      TITLES
--------      ------
<S>           <C>
Exhibit "A"   SPECIFICATION
Exhibit "B"   S.C.N.FORM
Exhibit "C"   SERVICE LIFE POLICY - ITEMS OF PRIMARY STRUCTURE
Exhibit "D"   MANUALS
Exhibit "E"   SPARE PARTS PROCUREMENT
</TABLE>

Letter Agreement No 1: *
Letter Agreement No 2: A319 PERFORMANCE GUARANTEES
Letter Agreement No 3: A320 PERFORMANCE GUARANTEES
Letter Agreement No 4: OPTION AIRCRAFT
Letter Agreement No 5: PRODUCT SUPPORT SERVICES
Letter Agreement No 6: *
Letter Agreement No 7: *
Letter Agreement No 8: *
Letter Agreement No 9: *

<PAGE>

                         A320 FAMILY PURCHASE AGREEMENT

This Agreement is made as of the 19 day of March 1998

BETWEEN

AIRBUS INDUSTRIE, having its principal office at:

     1 Rond-Point Maurice Bellonte

     31707 BLAGNAC - CEDEX

     FRANCE

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

AND

T.A.M. - TRANSPORTES AEREOS REGIONAIS, having its principal office at:

     Rua Monsenhor Antonio Pepe, 94
     JD Aeroporto
     CEP - 04357-080

     SAO PAULO
     BRAZIL

(hereinafter referred to as the "Buyer") of the other part.

<PAGE>

WHEREAS

A-   The Seller is a "Groupement d'Interet Economique" created and existing
     under French Law and established under Ordonnance No 67-821 dated September
     23, 1967 of the Republic of FRANCE.

B-   The Members of the Seller are:

     (1)  AEROSPATIALE, SOCIETE NATIONALE INDUSTRIELLE,
          whose principal office is at:
          37, Boulevard Montmorency
          75016 PARIS
          FRANCE,

     (2)  DAIMLER-BENZ AEROSPACE AIRBUS GmbH,
          whose principal office is at:
          Kreetslag 10
          Postfach 95 01 09
          21111 - HAMBURG
          FEDERAL REPUBLIC OF GERMANY,

     (3)  CONSTRUCCIONES AERONAUTICAS S.A.,
          whose principal office is at:
          Avenida de Aragon, 404
          28022 MADRID
          SPAIN

          and

     (4)  BRITISH AEROSPACE (OPERATIONS) LTD,
          whose principal office is at:
          Warwick House
          P.O. Box 87
          Famborough Aerospace Centre
          Famborough
          HANTS GU14 6YU
          GREAT BRITAIN.

C-   Each of the Members of the Seller is (after service on the Seller by
     "huissier", of notice to perform) jointly and severally liable with the
     other Members (but not with the Seller) for all due and unperformed
     liabilities and obligations of the Seller (subject to any defences which
     may be available to the Seller or to that Member personally or to all the
     Members together).

D-   The Buyer wishes to purchase and the Seller is willing to sell thirty eight
     (38) A319 Aircraft and A320 Aircraft equipped with a set of two (2)
     Propulsion Systems installed thereon (hereinafter individually or
     collectively referred to as the "Aircraft") together with certain other
     spare parts, equipment and services more particularly described herein.

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE            TITLE
------            -----
<S>      <C>
  1-     SALE AND PURCHASE
  1.1    Scope
  1.2    Aircraft Specification
  1.3    Propulsion Systems
</TABLE>

<PAGE>

1-   SALE AND PURCHASE

1.1  Scope

     The Seller shall sell and supply and the Buyer shall buy and take delivery
     of thirty eight (38) Aircraft of the A319-100 and A320-200 type and also
     spare parts (pursuant to Exhibit "E") upon the terms and conditions
     contained in this Agreement, together with the Exhibits "A" thru "E"
     attached hereto which shall constitute an integral part of the Agreement.

1.2  Aircraft Specification

1.2.1 The Aircraft shall be manufactured in accordance with:

     -    For the A319-100, the Standard Specification Document No J.000.01000,
          Issue 3 dated March 29th, 1995 plus Temporary Revision No 1 dated
          August 25th, 1995 with the following design weights: MTOW: 75.5 tons,
          MLW: 62.5 tons, MZFW: 58.5 tons, a copy of which has been initialled
          on its effective pages for the purpose of identification by or on
          behalf of the parties and is annexed hereto as Exhibit "A".

     -    For the A320-200, the Standard Specification Document No D.000.02000,
          Issue 4 dated March 30th, 1995 with the following design weights:
          MTOW: 77 tons, MLW: 64.5 tons, MZFW: 61 tons, a copy of which has been
          initialled on its effective pages for the purpose of identification by
          or on behalf of the parties and is annexed hereto as Exhibit "A".

     Said Standard Specification as modified by the Specification Change Notices
     (SCNs) listed in Appendix 1 to Exhibit "A" for the A319-100 and Appendix 2
     to Exhibit "A" for the A320-200 shall constitute the Buyer's detailed
     Specification and is hereinafter referred to as the "Specification".

     The SCN form is annexed hereto as Exhibit "B".

1.2.2 The Specification may be modified or varied pursuant to the provisions of
     Clauses 2, 7 and 18.

1.2.3 In the event of any inconsistency between the Specification and any other
     part of this Agreement, the latter shall prevail to the extent of such
     inconsistency.

1.3  Propulsion Systems

     The Aircraft shall be equipped with a set of two (2) Propulsion Systems:

     -    For the A319-100: INTERNATIONAL AERO ENGINES IAE V2524-A5.

     -    For the A320-200: INTERNATIONAL AERO ENGINES IAE V2527-A5.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
  2-     SPECIFICATION CHANGES
  2.1    Specification Change Notice
  2.2    Effect on Aircraft Price
  2.3    Development Changes
  2.4    Customization Milestones Chart
</TABLE>

<PAGE>

2-   SPECIFICATION CHANGES

2.1  Specification Change Notice

     The Specification may be amended by written agreement between the parties
     in a Specification Change Notice (hereinafter referred to as a "SCN") which
     shall set forth in detail the particular change to be made therein and the
     effect, if any, of such change on design, performance, weight, time of
     delivery, price of the Aircraft, and on the text of the Specification.

     A specimen copy of a SCN form is attached hereto as Exhibit "B".

2.2  Effect on Aircraft Price

     The possible effect of changes on the price of the Aircraft shall be agreed
     before signature of the relevant SCN form.

                                       *

2.3  Development Changes

     The Specification may also be revised by the Seller without Buyer's consent
     in order to incorporate development changes if such changes do not
     adversely affect price, delivery, weight or performance of the Aircraft,
     interchangeability or replaceability requirements under the Specification.
     Development changes are changes deemed necessary to correct defects,
     improve the Aircraft, prevent delay or ensure compliance with this
     Agreement.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
  3-     PRICES AND TAXES
  3.1    Basic Price of the Aircraft
  3.2    Final Price of the Aircraft
  3.3    Taxes
</TABLE>

<PAGE>

3-   PRICES AND TAXES

3.1  Basic Price of the Aircraft

     The Basic Price of the Aircraft is the sum of :

     -    the Basic Price of the Airframe as defined in sub-Clause 3.1.1 and

     -    the Basic Price of the Propulsion Systems as defined in sub-Clause
          3.1.2 ;

     and is exclusive of any variation resulting from price revision provisions
     and, if any, other provisions of this Agreement.

3.1.1 Basic Price of the Airframe

     The Basic Price of the Airframe is the sum of:

     (i)  the basic price of the airframe as defined in the Standard
          Specification described in sub-Clause 1.2.1, which is :

          -    For the A319-100 Aircraft

                                        *

          -    For the A320-200 Aircraft

                                        *

     (ii) the basic price of all the SCNs defined and listed in :

          -    Appendix 1 to Exhibit "A" for the A319-100 Aircraft

                                        *

          -    Appendix 2 to Exhibit "A" for the A320-200 Aircraft

                                        *

     The basic prices have been established in accordance with the delivery
     conditions prevailing in January 1997 and are subject to adjustment in
     accordance with the Seller's Price Revision Formula set forth in sub-Clause
     4.1.

<PAGE>

3.1.2 Basic Price of the Propulsion Systems

     The basic price of a set of two (2) Propulsion Systems including standard
     equipment, nacelles and thrust reversers is :

     -    For the A319-100 Aircraft

     With INTERNATIONAL AERO ENGINES IAE V2524-A5 :

                                        *

     -    For the A320-200 Aircraft

     With INTERNATIONAL AERO ENGINES IAE V2527-A5 :

                                        *

     Said basic prices have been established in accordance with the delivery
     conditions prevailing in January 1997 and have been calculated from the
     Reference Price of the Propulsion Systems indicated in sub-Clause 4.2.1.

     Said Propulsion Systems Reference Price are subject to adjustment in
     accordance with the Propulsion Systems Manufacturer Price Revision Formula
     set forth in sub-Clause 4.2.

3.1.3 Validity of Propulsion Systems Price

     It is understood that the above-mentioned quotation as well as Price
     Revision Formula concerning the Propulsion Systems and related equipment
     are based upon information received from the Propulsion Systems
     Manufacturer.

<PAGE>

3.2  Final Price of the Aircraft

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

     -    the Basic Price of the Airframe as adjusted at the time of Aircraft
          delivery in accordance with the Seller's Price Revision Formula set
          forth in sub-Clause 4.1;

     -    the basic prices of any and all SCNs mutually agreed upon in addition
          to the SCNs already taken into account in the Basic Price of the
          Airframe as adjusted at the time of Aircraft delivery in accordance
          with the Seller's Price Revision Formula set forth in sub-Clause 4.1
          or as otherwise agreed upon;

     -    the installed Propulsion Systems Reference Price as adjusted at the
          time of Aircraft delivery in accordance with the Price Revision
          Formula set forth in sub-Clause 4.2;

     -    any further amount provided for or resulting from any other provisions
          of this Agreement (including but not limited to Clauses 7 and 18) and
          / or any other written agreement between the Buyer and the Seller.

3.3  Taxes

3.3.1 The Seller shall pay any and all taxes, duties, imposts or similar charges
     of any nature whatsoever levied, assessed, charged or collected for or in
     connection with the fabrication, manufacture, assembly, sale and delivery
     under this Agreement of any of the Aircraft, services, instructions and
     data delivered or furnished hereunder provided such charges have been
     promulgated and are enforceable under the laws of FRANCE, FEDERAL REPUBLIC
     OF GERMANY, GREAT BRITAIN and SPAIN.

3.3.2 The Buyer shall bear the costs of and pay any and all taxes, duties and
     similar charges of any nature whatsoever not covered by the preceding
     sub-Clause 3.3.1 including but not limited to any duties or taxes due upon
     or in relation to the importation or registration of the Aircraft in the
     Buyer's country and/or any withholdings or deductions levied or required in
     the Buyer's country in respect of the payment to the Seller of any amount
     due by the Buyer hereunder.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
  4-     PRICE REVISION FORMULAE
  4.1    Seller's Price Revision Formula
  4.2    Propulsion Systems Manufacturer's Price Revision Formula
</TABLE>

<PAGE>

4-   PRICE REVISION FORMULAE

4.1  Seller's Price Revision Formula

4.1.1 Basic Prices

     The basic prices quoted in sub-Clause 3.1.1 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.

4.1.2 Base Period

     The basic prices have been established in accordance with the average
     economic conditions prevailing in December 1995, January 1996, February
     1996 and corresponding to a theoretical delivery in January 1997 as defined
     by "ECIb" and "ICb" index values indicated hereafter.

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

4.1.3 Indexes

     Labor Index: "Employment Cost Index for Workers in Aerospace manufacturing"
     (Aircraft manufacturing, standard industrial classification code SIC 3721,
     wages and salaries, base month and year June 1989 = 100), as released by
     the US Department of Labor, Bureau of Labor Statistics, on a quarterly
     basis, hereinafter referred to as "ECI SIC 3721W".

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

     Material Index: "Industrial commodities" (hereinafter referred to as "IC")
     as published in "Producer Price Indexes" (Table 6. Producer price indexes
     and percent changes for commodity groupings and individual items). (Base
     Year 1982 = 100).

<PAGE>

4.1.4 Revision Formula

     Pn = (Pb + F)(0.75 ECIn/ECIb + 0.25 ICn/ICb)

     Where :

     Pn   : basic price as revised at delivery of the Aircraft

     Pb   : basic price at economic conditions December 1995, January 1996,
            February 1996 averaged (January 1997 delivery conditions)

     F    : (0.005 x N x Pb)
            where N = the calendar year of delivery of the Aircraft minus 1997

     ECIn : the arithmetic average of the latest published values of the ECI SIC
            3721W-Index available at the date of Aircraft delivery for the 11th,
            12th and 13th month prior to the month of Aircraft delivery

     EClb : ECI SIC 3721W-Index for December 1995, January 1996, February 1996
            averaged (= 128.7)

     ICn  : the arithmetic average of the latest published values of the
            IC-Index available at the date of Aircraft delivery for the 11th,
            12th and 13th month prior to the month of Aircraft delivery

     ICb  : IC-Index for December 1995, January 1996, February 1996 averaged (=
            126.2)

<PAGE>

4.1.5 General Provisions

4.1.5.1 Roundings

     The Labor Index average and the Material Index average shall be computed to
     the first decimal. If the next succeeding place is five (5) or more, the
     preceding decimal place shall be raised to the next higher figure.

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

     The final factor shall be rounded to the nearest ten-thousandth (4
     decimals).

     The final price shall be rounded to the nearest whole number (0.5 or more
     rounded to 1).

4.1.5.2 Substitution of Indexes

     In the event that:

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

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

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

     the Seller shall select a substitute index and will provide the Buyer with
     the necessary justification with regards to this substitute index to allow
     its approval.

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

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

4.1.5.3 Final Index Values

     The Index values as defined in sub-Clause 4.1.4 above 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.

<PAGE>

4.2  Propulsion System Manufacturer's Price Revision Formula

4.2.1 Reference Price of the Propulsion Systems

     -    For the A319-100 Aircraft

     The Reference Price of a set of two (2) INTERNATIONAL AERO ENGINES IAE
     V2524-A5 Propulsion Systems is:

                                        *

     -    For the A320-200 Aircraft

     The Reference Price of a set of two (2) INTERNATIONAL AERO ENGINES IAE
     V2527-A5 Propulsion Systems is:

                                        *

     These Reference Prices 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 of
     sub-Clauses 4.2.4 and 4.2.5.

4.2.2 Reference Period

     The above Reference Price has been established in accordance with the
     economic conditions prevailing in September 1996 as defined, by
     INTERNATIONAL AERO ENGINES by the "HEb", "MMPb" and "EPb" index values
     indicated in sub-Clause 4.2.4.

4.2.3 Indexes

     Labor Index: "Aircraft engines and engine parts" Standard Industrial
     Classification 3724 - Average hourly earnings (hereinafter referred to as;
     "HE") as published in "Employment and Earnings" (Establishment Data-Hours
     and Earnings not seasonally adjusted Table B-15. Average hours and earnings
     of production or nonsupervisory workers on private nonfarm payrolls by
     detailed industry).

     Material Index: "Metals and metal products" Code 10 (hereinafter referred
     to as "MMP") as published in "Producer Price Indexes" (Table 6. Producer
     price indexes and percent changes for commodity groupings and individual
     items). (Base Year 1982=100).

     Energy Index: "Fuels and related products and power" Code 5 (hereinafter
     referred to as "EP") as published in "Producer Price Indexes" (Table 6.
     Producer price indexes and percent changes for commodity groupings and
     individual items). (Base Year 1982 = 100).

<PAGE>

4.2.4 Revision Formula

     Pn    = Pb x (.60 HEn/HEb + .30 MMPn/MMPb + .10 EPn/EPb)

     where :

     Pn    : revised Reference Price at Aircraft delivery.

     Pb    : Reference Price at economic conditions September 1996.

     HEn   : HE-lndex SIC 3724 for the fourth (4th) month prior to the month of
             Aircraft delivery.

     HEb   : HE-lndex IC 3724 for September 1996 (= 18.40).

     MMPn  : MMP-lndex for the fourth (4th) month prior to the month of Aircraft
             delivery.

     MMPb  : MMP-lndex for September 1996 (= 130.0).

     EPn   : EP-lndex for the fourth (4th) month prior to the month of Aircraft
             delivery.

     EPb   : EP-lndex for September 1996 (= 87.1).

<PAGE>

4.2.5 GENERAL PROVISIONS

4.2.5.1 Roundings

     Each factor (.60 HEn/HEb, .30 MMPn/MMPb, .10 EPn/EPb) shall be rounded to
     the nearest fourth decimal place.

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

4.2.5.2 Final Index Values

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

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

4.2.5.3 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.

4.2.5.4 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, material and fuel which have occurred from the
     period represented by the applicable Reference Price Indexes to the fourth
     (4th) month prior to the scheduled month of Aircraft delivery.

4.2.5.5 Limitation

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

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
  5-     PAYMENT TERMS
  5.1    Seller's Account
  5.2    Payment of the Aircraft
  5.3    Other Charges
  5.4    General
</TABLE>

<PAGE>

5-   PAYMENT TERMS

5.1  Seller's Account

     The Buyer shall pay the final price of each Aircraft or any invoice to the
     Seller's account No 74.65 159 2 000 with:

          NATEXIS GROUPE

          48 Allees Francois Verdier
          31000 TOULOUSE
          FRANCE

     or to such other account as may be designated by the Seller, sufficiently
     in advance to allow the Buyer to perform the payment accordingly.

5.2  Payment of the Aircraft

     The Final Price of each Aircraft as defined in sub-Clause 3.2 shall be paid
     in accordance with the following terms and conditions:

5.2.1 Predelivery Payments

     The Buyer shall make predelivery payments calculated on the Predelivery
     Payment Reference Price of the Aircraft.

5.2.1.1 The Predelivery Payment Reference Price is defined as:

     A = Pb * + * N)

     where :

     A  : the Predelivery Payment Reference Price for Aircraft to be delivered
          in year T;

     T  : the year of delivery of the relevant Aircraft as provided for in
          sub-Clause 9.1;

     Pb : the Basic Price of the Aircraft as defined in sub-Clause 3.1;

     N  : (T-1997).

<PAGE>

5.2.1.2 Such predelivery payments shall constitute an instalment for the Final
     Price of the Aircraft for each firmly ordered Aircraft and shall be made in
     accordance with the following schedule:

<TABLE>
<CAPTION>
                                              percentage of
                                           Predelivery Payment
Due Date of Payments                         Reference Price
--------------------                       -------------------
<S>                                        <C>
*

On the first day of each of the
following month prior to the scheduled
month of delivery:

*

TOTAL PAYMENT PRIOR TO AIRCRAFT DELIVERY
</TABLE>

5.2.2 Balance of the Final Price of the Aircraft

     Concurrently with the Aircraft delivery and on receipt of the Seller's
     invoice, the Buyer shall pay to the Seller the Final Price of the Aircraft
     as defined in sub-Clause 3.2 less the total amount of the predelivery
     payments received by the Seller and set forth in sub-Clause 5.2.

5.3  Other Charges

     If not expressly stipulated otherwise any other charges due under this
     Agreement other than those mentioned in sub-Clause 5.2 shall be paid by the
     Buyer concurrently with the Aircraft delivery *

<PAGE>

5.4  General

5.4.1 All payments provided for in this Agreement shall be made in United States
     Dollars (USD) in immediately available funds if not otherwise agreed upon.

5.4.2 All payments due to the Seller hereunder shall be made in full, without
     set-off, counterclaim, deduction or withholding of any kind. Consequently,
     the Buyer shall procure that the sums received by the Seller under this
     Agreement shall be equal to the full amounts expressed to be due to the
     Seller hereunder, without deduction or withholding on account of and free
     from any and all taxes, levies, imposts, dues or charges of whatever
     nature. If the Buyer is compelled by law to make any such deduction or
     withholding the Buyer shall pay such additional amounts as may be necessary
     in order that the net amount received by the Seller after such deduction or
     withholding shall equal the amounts which would have been received in the
     absence of such deduction or withholding.

                                        *

5.4.3 If any payment due to the Seller under this Agreement including but not
     limited to any predelivery payment, deposit, option fees for the Aircraft
     as well as any payment for any spare parts, data, documents, training and
     services due to the Seller is not received on the due date, without
     prejudice to the Seller's other rights under this Agreement, the Seller
     shall be entitled to interest for late payment calculated on the amount due
     from and including the due date of payment up to the date when the payment
     is received by the Seller at a rate equal to

                                       *

5.4.4 If any predelivery payment is not received on the date(s) as specified in
     this Clause or as may be subsequently agreed upon in writing between the
     parties, then the Seller will advise the Buyer in writing and in addition
     to any other rights and remedies available, the Seller shall have the right
     to set back the delivery date of the Aircraft by a period of * for each *
     days such payment is delayed.

     Furthermore, if such delay is greater than * days, the Seller shall have no
     obligation to deliver the Aircraft at the date quoted in sub-Clause 9.1 as
     modified as per the above Paragraph of this sub-Clause 5.4.4. Upon receipt
     of the full due payment of the delayed predelivery payment, the Seller
     shall indicate the new delivery date consistent with the Seller's other
     commitments and production capabilities.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
6-       PLANT REPRESENTATIVES - INSPECTION
6.1      Aircraft Inspection
6.2      Seller's Service
6.3      Inspection Requirements
6.4      Indemnities
</TABLE>

<PAGE>

6-   PLANT REPRESENTATIVES - INSPECTION

6.1  Aircraft Inspection

6.1.1 The manufacture of the Aircraft by the Seller and all materials and parts
     obtained by it therefor shall at all reasonable times during business hours
     be open to inspection by duly authorized representatives of the Buyer at
     the Members' works and if possible at the facilities of Seller's
     sub-contractors.

     The representatives shall in order to carry out the aforesaid inspection
     have access to such relevant technical data as is reasonably necessary for
     this purpose (except that if access to any part of the works where
     construction is in progress or materials or parts are stored is restricted
     for security reasons, the Seller shall be allowed a reasonable time to make
     the items available for inspection elsewhere).

     The actual detailed inspection of the Aircraft, materials and parts thereof
     shall only take place in the presence of the respective inspection
     department personnel of the Seller.

     This inspection shall be made according to a procedure to be agreed upon
     with the Buyer.

     All inspections, examinations and discussions with the Seller and other
     personnel by the Buyer and its said representatives shall be performed in
     such manner as not unduly to delay or hinder the manufacture or assembly of
     the Aircraft or the proper performance of this Agreement by the Seller or
     its sub-contractors or any other work in progress in the respective works.

6.2  Seller's Service

     For this purpose and commencing with the date of this Agreement until the
     delivery of the last Aircraft, the Seller shall furnish without additional
     charge suitable space and office equipment in or conveniently located with
     respect to the Aircraft final assembly line for the use of a reasonable
     number of Buyer's representatives.

6.3  Inspection Requirements

     The Aircraft shall be manufactured in accordance with the relevant
     requirements of the Governments of the Members of the Seller as enforced by
     their respective Aviation Authorities and shall only be inspected under the
     Seller's own systems of inspection as approved by and under the supervision
     of the above Aviation Authorities.

<PAGE>

6.4  Indemnities

6.4.1 THE SELLER SHALL BE SOLELY LIABLE FOR, AND HEREBY INDEMNIFIES AND HOLDS
     HARMLESS THE BUYER, ITS OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ALL
     LIABILITIES, DAMAGES, LOSSES, COSTS AND EXPENSES FOR ALL INJURIES TO AND
     DEATHS OF PERSONS (EXCEPTING INJURIES TO AND DEATH OF THE BUYER'S
     REPRESENTATIVES PARTICIPATING IN ANY GROUND CHECK, TECHNICAL ACCEPTANCE
     FLIGHT, CHECK AND CONTROLS UNDER THIS CLAUSE) AND FOR LOSS OF OR DAMAGE TO
     PROPERTY, ARISING OUT OF OR IN CONNECTION WITH ANY GROUND CHECK, TECHNICAL
     ACCEPTANCE FLIGHT, CHECK OR CONTROLS UNDER THIS CLAUSE EXCEPT WHEN DUE TO
     GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF THE BUYER.

6.4.2 THE BUYER HEREBY INDEMNIFIES AND HOLDS HARMLESS THE SELLER, ITS OFFICERS,
     AGENTS AND EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES,
     COSTS AND EXPENSES FOR INJURIES TO OR DEATH OF THE BUYER'S SAID
     REPRESENTATIVES DURING ANY GROUND CHECK, TECHNICAL ACCEPTANCE FLIGHT, CHECK
     AND CONTROLS UNDER THIS CLAUSE EXCEPT WHEN DUE TO GROSS NEGLIGENCE OR
     WILFUL MISCONDUCT OF THE SELLER.

6.4.3 IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR
     DAMAGES, DEATH, INJURY OR LOSS, THE LIABILITY FOR WHICH HAS BEEN ASSUMED BY
     THE OTHER PARTY IN ACCORDANCE WITH THE PROVISIONS OF SUB-CLAUSES 6.4.1 OR
     6.4.2, SAID PARTY AGAINST WHOM CLAIM IS SO MADE OR SUIT IS SO BROUGHT SHALL
     PROMPTLY GIVE NOTICE TO THE OTHER PARTY, AND THE LATTER SHALL EITHER ASSUME
     AND CONDUCT THE DEFENCE THEREOF, OR EFFECT ANY SETTLEMENT WHICH IT, IN ITS
     OPINION, DEEMS PROPER.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
7-       CERTIFICATION
7.1      Type Certification
7.2      Certificate of Airworthiness for Export
7.3      Validation of the Certificate of Airworthiness for Export
</TABLE>

<PAGE>

7-   CERTIFICATION

7.1  Type Certification

     The Aircraft has been type certificated under Joint Aviation Authorities
     (JAA) procedures for joint certification in the transport category.

     The Seller has obtained the relevant Type Certificates (or equivalent) to
     allow the issuance of the Certificate of Airworthiness for Export.

7.2  Certificate of Airworthiness for Export

7.2.1 The Aircraft final assembly line being located either in FRANCE or in
     FEDERAL REPUBLIC OF GERMANY, it shall therefore be delivered to the Buyer
     with a Certificate of Airworthiness for Export issued by the "Direction
     Generale de I'Aviation Civile" (DGAC) for the A320-200 Aircraft or by the
     "Luftfahrt-Bundesant" (LBA) for the A319-100 Aircraft, valid for export of
     the Aircraft to Brazil.

7.2.2 If any law or regulation is promulgated or becomes effective or an
     interpretation of any law is issued before an Aircraft purchased under this
     Agreement is "ready for delivery" to the Buyer (as that expression is
     defined in sub-Clause 9.3) and which law, regulation or interpretation
     requires any change to the Specification as it may be modified pursuant to
     Clause 2 in order to obtain the Certificate of Airworthiness for Export as
     hereinabove provided for such Aircraft, the Seller shall make the requisite
     variation or modification. The costs thereof shall be borne

                                        *

     In the event of such a variation or modification being made pursuant to
     this sub-Clause, the parties hereto shall sign a SCN, in which the
     effects, if any, upon guaranteed performances, weights, interchangeability
     and delivery shall be specified.

7.2.3 Notwithstanding the provisions of sub-Clause 7.2.2, if any such change is
     applicable to Propulsion Systems and in particular to Engines, engine
     accessories, quick engine change units or thrust reversers,

                                        *

7.2.4 The Seller shall as far as practicable take into account the information
     available to it concerning any proposed new regulations of the Seller's
     Aviation Authorities in order to minimize the costs of changes which may
     appear necessary to obtain the Certificate of Airworthiness for Export from
     the DGAC after such proposed new regulations have become mandatory.

<PAGE>

7.3  Validation of the Certificate of Airworthiness for Export

7.3.1 The Seller shall endeavour to obtain the validation of the above
     certificate by the Buyer's Aviation Authorities.

7.3.2 Where the Buyer's Aviation Authorities require a modification to comply
     with additional import aviation requirements and/or supply of additional
     data, prior to the issuance of the first Certificate of Airworthiness for
     Export, the Seller shall incorporate such modification and/or provide such
     data at costs to be borne by the Buyer.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
  8-     BUYER'S TECHNICAL ACCEPTANCE
  8.1    Time, Place and Scheduling
  8.2    Technical Acceptance
  8.3    Certificate of Acceptance
  8.4    Aircraft Utilization
  8.5    Indemnities
</TABLE>

<PAGE>

8-   BUYER'S TECHNICAL ACCEPTANCE

8.1  Time, Place and Scheduling

     The Seller shall give to the Buyer not less than * days notice in writing
     of the proposed time when the Buyer's technical acceptance process shall be
     conducted and in the event of the Buyer electing to attend the said
     process, the Buyer shall co-operate in complying with the reasonable
     requirements of the Seller with the intention of completing the technical
     acceptance within * working days after commencement.

     The technical acceptance shall take place at the Aircraft final assembly
     line and shall be carried out by the personnel of the Seller (accompanied,
     if the Buyer so wishes, by representatives of the Buyer up to a total of *
     acting as observers, not more than * to have access to the cockpit at any
     one time). During technical acceptance flight, these representatives shall
     comply with the instructions of the Seller's representatives. The Seller
     shall not normally be required in the course of such technical acceptance
     to fly any of the Aircraft for an aggregate period of time in excess of *
     hours.

     Failure to attend the technical acceptance process or failure so to
     co-operate shall entitle the Seller to complete them in the absence of the
     Buyer who shall be deemed to have accepted the processing as satisfactory
     in all respects.

8.2  Technical Acceptance

     The technical acceptance process shall demonstrate the satisfactory
     functioning of the Aircraft and its equipment in accordance with the
     established Aircraft acceptance procedure proposed by the Seller. Should it
     be established from the processing that an Aircraft does not comply with
     the said acceptance procedure, the Seller shall without hindrance from the
     Buyer be entitled to carry out any necessary changes and as soon as
     practicable thereafter resubmit the Aircraft to such final processing as to
     demonstrate the elimination of the non-compliance.

     The successful compliance with Seller's proposed Aircraft acceptance
     procedure shall be deemed to demonstrate compliance with the Specification.

8.3  Certificate of Acceptance

     Upon successful completion of the said technical acceptance processing the
     Buyer shall forthwith give to the Seller a signed Certificate of Acceptance
     in respect of the Aircraft. Should the Buyer fail to deliver the said
     Certificate of Acceptance then the Buyer shall be deemed to be in default
     as though it had without warrant rejected delivery of the Aircraft when
     duly tendered to it hereunder and shall thereafter bear all risk of loss or
     damage to the Aircraft and all costs and consequences resulting from such
     delay in delivery including, but not limited to costs of storage, parking
     and insurance.

<PAGE>

8.4  Aircraft Utilization

     The Seller shall, without payment or other liability, be entitled to use
     the Aircraft prior to delivery as may be necessary to obtain the
     certificates required under Clause 7, and such use shall not prejudice the
     buyer's obligation to accept delivery of the Aircraft hereunder.

8.5  Indemnities

8.5.1 THE SELLER SHALL BE SOLELY LIABLE FOR, AND HEREBY INDEMNIFIES AND HOLDS
     HARMLESS THE BUYER, ITS OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ALL
     LIABILITIES. DAMAGES, LOSSES, COSTS AND EXPENSES FOR ALL INJURIES TO AND
     DEATH OF PERSONS (EXCEPTING INJURIES TO AND DEATH OF THE BUYER'S
     REPRESENTATIVES PARTICIPATING IN ANY GROUND CHECK OR TECHNICAL ACCEPTANCE
     FLIGHT UNDER THIS CLAUSE) AND FOR LOSS OF OR DAMAGE TO PROPERTY, ARISING
     OUT OF OR IN CONNECTION WITH THE OPERATION OF THE AIRCRAFT DURING ANY
     GROUND CHECK OR TECHNICAL ACCEPTANCE FLIGHT UNDER THIS CLAUSE EXCEPT WHEN
     DUE TO GROSS NEGLIGENCE OR WILFUL MISCONDUCT OF THE BUYER.

8.5.2 THE BUYER HEREBY INDEMNIFIES AND HOLDS HARMLESS THE SELLER, ITS OFFICERS,
     AGENTS AND EMPLOYEES FROM AND AGAINST ALL LIABILITIES, DAMAGES, LOSSES,
     COSTS AND EXPENSES FOR INJURIES TO OR DEATH OF THE BUYER'S SAID
     REPRESENTATIVES DURING ANY GROUND CHECK OR TECHNICAL ACCEPTANCE FLIGHT
     UNDER THIS CLAUSE EXCEPT WHEN DUE TO GROSS NEGLIGENCE OR WILFUL MISCONDUCT
     OF THE SELLER.

8.5.3 IN THE EVENT ANY CLAIM IS MADE OR SUIT IS BROUGHT AGAINST EITHER PARTY FOR
     DAMAGES, DEATH, INJURY OR LOSS, THE LIABILITY FOR WHICH HAS BEEN ASSUMED BY
     THE OTHER PARTY IN ACCORDANCE WITH THE PROVISIONS OF SUB-CLAUSES 8.5.1 OR
     8.5.2, SAID PARTY AGAINST WHOM CLAIM IS SO MADE OR SUIT IS SO BROUGHT,
     SHALL PROMPTLY GIVE NOTICE TO THE OTHER PARTY, AND THE LATTER SHALL EITHER
     ASSUME AND CONDUCT THE DEFENCE THEREOF, OR EFFECT ANY SETTLEMENT WHICH IT,
     IN ITS OPINION, DEEMS PROPER.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
  9-     DELIVERY
  9.1    Delivery Schedule
  9.2    Seller's Notification
  9.3    Aircraft Ready for Delivery
  9.4    Delivery
  9.5    Fly Away
</TABLE>

<PAGE>

9-   DELIVERY

9.1  Delivery Schedule

     Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller shall
     have the Aircraft ready for delivery at the Aircraft final assembly line in
     the following months:

<TABLE>
<CAPTION>
                     Delivery Date   Aircraft Type
                     -------------   -------------
<S>                  <C>             <C>
-Aircraft No  1...
-Aircraft No  2...
-Aircraft No  3...
-Aircraft No  4...
-Aircraft No  5...
-Aircraft No  6...
-Aircraft No  7...
-Aircraft No  8...
-Aircraft No  9...
-Aircraft No 10...
-Aircraft No 11...
-Aircraft No 12...
-Aircraft No 13...
-Aircraft No 14...
-Aircraft No 15...
-Aircraft No 16...
-Aircraft No 17...
-Aircraft No 18...
-Aircraft No 19...         *
-Aircraft No 20...
-Aircraft No 21...
-Aircraft No 22...
-Aircraft No 23...
-Aircraft No 24...
-Aircraft No 25...
-Aircraft No 26...
-Aircraft No 27...
-Aircraft No 28...
-Aircraft No 29...
-Aircraft No 30...
-Aircraft No 31...
-Aircraft No 32...
-Aircraft No 33...
-Aircraft No 34...
-Aircraft No 35...
-Aircraft No 36...
-Aircraft No 37...
-Aircraft No 38...
</TABLE>

<PAGE>

9.2  Seller's Notification

     At least * days prior to any anticipated date of delivery of the Aircraft,
     the Seller shall notify the Buyer of such anticipated delivery date.
     Thereafter, the Seller shall keep the Buyer advised of any change in such
     delivery date necessitated by conditions of manufacture or flight.

9.3  Aircraft Ready for Delivery

     The Aircraft shall for the purpose of this Agreement be deemed to be "ready
     for delivery" upon the successful completion of its acceptance tests and
     the issue of the Certificate of Airworthiness for Export pursuant to
     sub-Clause 7.2.

9.4  Delivery

9.4.1 The Buyer shall send representatives to said Aircraft final assembly line
     to take delivery of and collect the Aircraft within * days after the
     Aircraft is ready for delivery as defined in sub-Clause 9.3, any
     unreasonable refusal by the Buyer to take delivery of and collect the
     Aircraft being considered as late payment pursuant to sub-Clause 5.4.3.
     Should the Buyer fail to collect the Aircraft within the aforesaid period,
     the Buyer shall nevertheless thereafter bear all risk of loss or damage to
     the Aircraft and shall indemnify and hold the Seller harmless against any
     and all costs (including but not limited to any parking, storage, and
     insurance costs) and consequences resulting from such failure, it being
     understood that the Seller shall be under no duty to store, park, insure,
     or otherwise protect the uncollected Aircraft.

9.4.2 Each of the Aircraft shall be deemed to be delivered to the Buyer upon the
     issue of the Certificate of Acceptance in accordance with Clause 8.3 and
     full payment of the Final Price of the Aircraft in accordance with the
     provisions of Clause 5.

<PAGE>

9.4.3 Title to, property in and risk of loss of or damage to, the Aircraft shall
     be transferred to the Buyer upon delivery of the Aircraft. The Seller shall
     provide the Buyer with such receipt and a document confirming transfer of
     title as may reasonably be requested by the Buyer.

9.5  Fly Away

9.5.1 The Buyer and the Seller shall cooperate to obtain any licences which may
     be required by the French or German Authorities. as applicable, for the
     purpose of exporting the Aircraft.

9.5.2 All expenses of, or connected with, fly away shall be borne by the Buyer.
     The Buyer shall make direct arrangements with the supplying companies for
     the fuel and oil required for all post-delivery flights.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
 10-     EXCUSABLE DELAY
 10.1    GENERAL
 10.2    Anticipated or Actual Delay
 10.3    Loss, Destruction or Damage
 10.4    Termination Rights Exclusive
</TABLE>

<PAGE>

10-  EXCUSABLE DELAY

10.1 GENERAL

     The Seller shall not be responsible, nor be deemed to be in default on
     account of delays or interruptions in the performance of its obligations
     hereunder, due to causes beyond its control or not occasioned by its fault
     or negligence, including (but without limiting the foregoing) acts of God
     or public enemy, war, civil war, warlike operations, terrorism,
     insurrections or riots, fires, floods, explosions, earthquakes, natural
     disasters or serious accidents, epidemics or quarantine restrictions, any
     act of government, governmental priorities, allocation regulations or
     orders affecting materials, facilities or completed aircraft, strikes or
     labour troubles causing cessation, slowdown or interruption of work,
     inability after due and timely diligence to procure materials, accessories,
     equipment or parts, general hindrance in transportation, failure of a
     subcontractor or Vendor to furnish materials, accessories, equipment or
     parts due to the above mentioned causes or of the Buyer to perform under
     this Agreement.

     The Seller shall as soon as practicable after becoming aware of any delay
     falling within the provisions of this sub-Clause notify the Buyer of such
     delay and of the probable extent thereof and shall as soon as practicable
     after the removal of the cause of the delay resume its performance under
     this Agreement.

10.2 Anticipated or Actual Delay

10.2.1 In the event that the delivery of any Aircraft is delayed or interrupted
     by reason of any one or more of the causes described in sub-Clause 10.1 for
     a period of more than * months after the end of the calendar month in which
     delivery is otherwise required hereunder either party shall be entitled to
     terminate this Agreement with respect to the Aircraft so affected upon
     notice given to the other within thirty (30) days after the expiration of
     such * months period, provided, however, that a party shall not be entitled
     to terminate this Agreement pursuant to the provisions of this sub-Clause
     where the cause of such delay is within its control.

10.2.2 If the Seller concludes that the delivery of any Aircraft shall be
     delayed for more than * months due to one or more of the causes described
     in sub-Clause 10.1 and as a result thereof reschedules delivery of such
     Aircraft to a date reflecting such delay, then the Seller shall promptly
     notify the Buyer in writing to this effect and shall include in such
     notification the rescheduled delivery date. Either party may thereupon
     terminate this Agreement with respect to such Aircraft so delayed by giving
     written notice to the other party within thirty (30) days after receipt by
     the Buyer of the notice of anticipated delay.

     If at the expiry of the said thirty (30) day period this Agreement shall
     not have been terminated with respect to the delayed Aircraft pursuant to
     the terms of this sub-Clause, then the rescheduled delivery date as
     notified to the Buyer shall be deemed to be incorporated into Clause 9
     hereof as the date of delivery of the delayed Aircraft.

<PAGE>

10.3 Loss, Destruction or Damage

     If prior to its delivery, any Aircraft is lost, destroyed or damaged beyond
     repair, the Seller shall notify the Buyer to this effect within * days of
     such occurrence. Should the cause of such loss, destruction or damage be
     beyond the Seller's control or not be occasioned by its fault or negligence
     as described in the foregoing sub-Clause, the Seller shall include in said
     notification (or as soon after the issue of the notice as such information
     becomes available to the Seller) the earliest date consistent with the
     Seller's other commitments and production capabilities that an aircraft to
     replace the Aircraft lost, destroyed or damaged may be delivered to the
     Buyer and the date of delivery of the Aircraft shall be extended as
     specified in the Seller's notice to accommodate the delivery of the
     replacement aircraft: provided, however, that in the event the specified
     extension of the delivery date shall exceed * months after the date
     relating to the lost, destroyed or damaged Aircraft contained in sub-Clause
     9.1 then this Agreement shall terminate as to such lost, destroyed or
     damaged Aircraft unless:

     (i)  the Buyer notifies the Seller within one (1) month of the date of
          receipt of the Seller's notice that it desires the Seller to provide a
          replacement aircraft on the delivery date quoted therein

          and

     (ii) the parties execute an amendment to this Agreement recording the
          variation in the aircraft delivery date

     provided, however, that nothing herein shall require the Seller to
     manufacture and deliver a replacement aircraft if such manufacture would
     require the reactivation of its production line for the model or series of
     Aircraft purchased hereunder.

10.4 Termination Rights Exclusive

     IN THE EVENT THAT THIS AGREEMENT SHALL BE TERMINATED AS PROVIDED FOR UNDER
     THE TERMS OF SUB-CLAUSES 10.2 OR 10.3, SUCH TERMINATION SHALL DISCHARGE ALL
     OBLIGATIONS AND LIABILITIES OF THE PARTIES HEREUNDER WITH RESPECT TO SUCH
     AFFECTED AIRCRAFT AND UNDELIVERED MATERIAL, SERVICES, DATA, OR OTHER ITEMS
     APPLICABLE THERETO AND TO BE FURNISHED HEREUNDER EXCEPT THAT THE SELLER
     SHALL REPAY TO THE BUYER THE PREDELIVERY PAYMENTS RECEIVED FROM THE BUYER
     HEREUNDER WITH RESPECT TO SUCH UNDELIVERED AIRCRAFT TOGETHER WITH ACCRUED
     INTEREST AT SIX MONTHS LIBOR PLUS 1.5%.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
 11-     NON-EXCUSABLE DELAY
 11.1    Liquidated Damages
 11.2    Renegotiation
 11.3    Termination
 11.4    Waiver
</TABLE>

<PAGE>

11-  NON-EXCUSABLE DELAY

11.1 Liquidated Damages

     Should any of the Aircraft not be ready for delivery to the Buyer within *
     days after the delivery date pursuant to Clause 9 (as varied by virtue of
     Clauses 2, 7, 10 and 18) and such delay is not excusable under sub-Clause
     10.1, the Buyer shall have the right to claim, and the Seller shall pay or
     credit to the Buyer in respect of any such subsequent delay the following
     amount per Aircraft by way of damages for each day of delay in the delivery
     starting from the * day beyond the agreed delivery date:

                                        *

     The amount of Seller's liquidated damages shall in no event exceed the
     total of USD * in respect of any one Aircraft.

                                        *

     The Buyer's right to recover said damages in respect of the Aircraft is
     conditional upon a claim therefor being submitted in writing to the Seller
     by the Buyer not later than * after the date when the Aircraft is ready for
     delivery.

11.2 Renegotiation

     Should a delay in delivery for non excusable reasons exceed * months after
     the initial * -days-period the Buyer shall have the right exercisable by
     written notice to the Seller given not less than * days nor more than *
     after the expiration of the said * months to require from the Seller a
     renegotiation of the delivery date of the Aircraft which is the subject of
     such delay. Unless otherwise agreed between the Seller and the Buyer during
     such renegotiation, the said renegotiation shall not prejudice the Buyer's
     right to receive liquidated damages in accordance with the preceding
     sub-Clause during the period of non-excusable delay.

<PAGE>

11.3 Termination

     Should a delay in delivery for non excusable reasons exceed * months after
     the initial * days-period both parties shall have the right exercisable by
     written notice to the other party, given not less than * nor more than *
     after expiration of such * months to terminate this Agreement in respect
     only of the said Aircraft which is the subject of such delay whereupon
     either party may cancel any undelivered spare parts applicable thereto

                                        *

11.4 Waiver

     The Seller shall not under any circumstances have any liability whatsoever
     in respect of delay or failure in the delivery of any Aircraft other than
     and beyond the liabilities set forth in this Clause and in Clause 10.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
 12-     WARRANTIES AND SERVICE LIFE POLICY
 12.1    Standard Warranty
 12.2    Seller Service Life Policy
 12.3    Vendor Product Support Agreements
 12.4    Interface Commitment
 12.5    Waiver, Release and Renunciation
 12.6    Duplicate Remedies
 12.7    Negotiated Agreement
</TABLE>

<PAGE>

12-  WARRANTIES AND SERVICE LIFE POLICY

12.1 Standard Warranty

12.1.1 Nature of Warranty

     Subject to the conditions and limitations as hereinafter provided for and
     except as provided for in sub-Clause 12.1.2, the Seller warrants to the
     Buyer that each Aircraft and all Warranted Parts as defined hereinafter
     shall at the time of delivery to the Buyer:

     (i)  be free from defects in material;

     (ii) be free from defects in workmanship, including without limitation
          processes of manufacture;

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

     (iv) be free from defects arising from failure to conform to the
          Specification, except to those portions of the Specification relating
          to performance or where it is expressly stated that they are
          estimates, approximations or design aims.

     For the purpose of this Agreement: the term "Warranted Part" shall mean any
     Seller proprietary component, equipment, accessory or part as installed on
     an Aircraft at the time of delivery of such Aircraft and

     (a)  which is manufactured to the detailed design of the Seller or a
          subcontractor of the Seller and

     (b)  which bears a part number of the Seller at the time of such delivery.

12.1.2 Exclusions

     The warranties set forth in sub-Clause 12.1.1 shall not apply to Buyer
     Furnished Equipment, nor to the Propulsion Systems, nor to any component,
     equipment, accessory or part purchased by the Seller that is not a
     Warranted Part except that:

     (i)  any defect in the Seller's workmanship incorporated in the
          installation of such items in the Aircraft, including any failure by
          the Seller to conform to the installation instructions of the
          manufacturer of such item that invalidates any applicable warranty
          from such manufacturer, shall constitute a defect in workmanship for
          the purpose of this sub-Clause and be covered by the warranty set
          forth in sub-Clause 12.1.1 (ii); and

<PAGE>

     (ii) any defect inherent in the Seller's design of the installation, in
          view of the state of the art at the date of such design, which impair
          the use of such item shall constitute a defect in design for the
          purpose of this sub-Clause and be covered by the warranty set forth in
          sub-Clause 12.1.1 (iii).

12.1.3 Warranty Periods

     The warranties contained in sub-Clauses 12.1.1 and 12.1.2 shall be limited
     to those defects which become apparent within thirty six (36) months after
     delivery of the affected Aircraft.

12.1.4 Buyer's Remedy and Seller's Obligation

12.1.4.1 The Buyer's remedy and the Seller's obligation and liability under
     sub-Clauses 12.1.1 and 12.1.2 are limited to the repair, replacement or
     correction of any Warranted Part which is defective or to the supply of
     modification kits rectifying the defect, at the Seller's expense and
     option.

     The Seller may equally at its option furnish a credit to the Buyer equal to
     the price at which the Buyer is entitled to purchase a replacement for the
     defective Warranted Part.

12.1.4.2 In the event of a defect covered by sub-Clauses 12.1.1 (iii), 12.1.1
     (iv) and 12.1.2 (ii) becoming apparent within the applicable period set
     forth in sub-Clause 12.1.3 and the Seller being obliged to correct such
     defect, the Seller shall also, if so requested by the Buyer, make such
     correction in any Aircraft which has not yet been delivered to the Buyer;
     provided, however,

     that the Seller shall not be responsible nor deemed to be in default on
     account of any delay in delivery of any Aircraft or otherwise, in respect
     of the performance of this Agreement due to the Seller's undertaking to
     make such correction and provided further

     that, rather than accept a delay in the delivery of any such Aircraft, the
     Buyer and the Seller may agree to deliver such Aircraft with subsequent
     correction of the defect by the Buyer at the Seller's expense, or the Buyer
     may elect to accept delivery and thereafter file a warranty claim as though
     the defect had become apparent immediately after delivery of such Aircraft.

12.1.4.3 In addition to the remedies set forth in sub-Clauses 12.1.4.1 and
     12.1.4.2, the Seller shall reimburse the direct labour costs spent by the
     Buyer in performing inspections of the Aircraft to determine whether or not
     a defect exists in any Warranted Part within thirty six (36) months after
     delivery of each Aircraft or until the corrective technical solution
     removing the need for the inspection is provided by the Seller, whichever
     occurs earlier.

<PAGE>

     The above commitment is subject to the following conditions:

     (i)  such inspections are recommended by a Seller's Service Bulletin to be
          performed within the above covered period;

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

     (iii) the reimbursement shall not apply for any inspections performed as an
          alternative to accomplishing corrective action when such corrective
          action has been offered to the Buyer at the time such inspections are
          performed or earlier,

     (iv) the labour rate to be used for the reimbursement shall be the labour
          rate defined in sub-Clause 12.1.7, and

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

12.1.5 Warranty Claim Requirements

     The Buyer's warranty claims shall be considered by the Seller only if the
     following conditions are first fulfilled:

     (i)  the defect having become apparent within the applicable warranty
          period as set forth in sub-Clause 12.1.3;

     (ii) the Buyer having submitted to the Seller proof reasonably satisfactory
          to the Seller that the claimed defect is due to a matter embraced
          within this sub-Clause 12.1, and that such defect has not resulted
          from any act or omission of the Buyer, including but not limited to,
          any failure to operate and maintain the affected Aircraft or part
          thereof in accordance with the standards set forth or any matter
          covered in sub-Clause 12.1.10;

     (iii) the Buyer having returned as soon as practicable the Warranted Part
          claimed to be defective to the repair facilities as may be designated
          by the Seller, except when the Buyer elects to repair a defective
          Warranted Part in accordance with the provisions of sub-Clause 12.1.7;

     (iv) the Seller having received a warranty claim as set forth in sub-Clause
          12.1.6.

<PAGE>

12.1.6 Warranty Administration

     The warranties set forth in sub-Clause 12.1 shall be administered as
     hereinafter provided for.

     (i)  Claim Determination

          Warranty claim determination by the Seller shall be reasonably based
          upon the claim details, reports from the Seller's local
          representative, historical data logs, inspection, tests, findings
          during repair, defect analysis and other suitable documents.

     (ii) Transportation Costs

          Transportation costs for sending a defective Warranted Part to the
          facilities designated by the Seller and for the return therefrom of a
          repaired or replaced Warranted Part shall be borne by

                                        *

     (iii) Return of an Aircraft

          In the event of the Buyer desiring to return an Aircraft to the Seller
          for consideration of a warranty claim, the Buyer shall notify the
          Seller of its intention to do so and the Seller shall, prior to such
          return, have the right to inspect such Aircraft and thereafter,
          without prejudice to its rights hereunder, to repair such Aircraft, at
          its sole option, either at the Buyer's facilities or at another place
          acceptable to the Seller. Return of any Aircraft by the Buyer to the
          Seller, at Buyer's option, and return of such Aircraft to the Buyer's
          facilities shall be at *

     (iv) On-Aircraft Work by the Seller

          In the event that a defect subject to this sub-Clause 12.1 may justify
          the dispatch by the Seller of a working team to repair or correct such
          defect through the embodiment of one or several Seller's Service
          Bulletins at the Buyer's facilities, or in the event of the Seller
          accepting the return of an Aircraft to perform or have performed such
          repair or correction, then the labour costs for such on-Aircraft work
          are to be borne by *

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

<PAGE>

          The conditions which have to be fulfilled for on-Aircraft work by the
          Seller are the following:

          -    in the opinion of the Seller, the work necessitates the technical
               expertise of the Seller as manufacturer of the Aircraft, or

          -    the downtime of the affected Aircraft would exceed three (3) days
               per Aircraft outside of any scheduled maintenance downtime and
               the number of manhours as quoted on the Seller's service bulletin
               or batch of service bulletins for their embodiment on any
               Aircraft would exceed three hundred (300). In case a batch of
               service bulletins is contemplated, and for the purpose of
               assessing the volume of the work against the three hundred (300)
               manhours threshold, only service bulletins with more than twenty
               (20) hours of elapsed time shall be considered.

          If one or both of the above conditions are fulfilled, and if the
          Seller is requested to perform the work, the Seller and the Buyer
          shall agree on a schedule and place for the work to be performed.

     (v)  Warranty Claim Substantiation

          In connection with each claim by the Buyer made under this sub-Clause
          12.1, the Buyer shall file a warranty claim on the Buyer's form within
          sixty (60) days after a defect became apparent. Such form must contain
          at least the following data:

          a)   description of defect and action taken, if any,

          b)   date of incident and/or of removal date,

          c)   description of the defective part,

          d)   part number,

          e)   serial number (if applicable),

          f)   position on Aircraft,

          g)   total flying hours or calendar time, as applicable at the date of
               defect appearance,

          h)   time since last shop visit at the date of defect appearance,

          i)   Manufacturer's Serial Number of the Aircraft and/or its
               registration,

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

          k)   claim number,

          l)   date of claim,

          m)   delivery date of Aircraft or part to the Buyer,

          Claims are to be addressed as follows:

          AIRBUS INDUSTRIE
          CUSTOMER SERVICES DIRECTORATE
          WARRANTY ADMINISTRATION
          Rond-Point Maurice Bellonte
          B.P. 33
          F-31707 BLAGNAC CEDEX
          FRANCE

<PAGE>

     (vi) Replacements

          Replaced components, equipment, accessories or parts shall become the
          Seller's property.

     (vii) Seller's Rejection

          The Seller shall provide reasonable written substantiation in case of
          rejection of a warranty claim. In such event the Buyer shall refund to
          the Seller reasonable inspection and test charges incurred in
          connection therewith.

     (viii) Seller's inspection

          The Seller shall have the right to inspect the affected Aircraft and
          documents and other records relating thereto in the event of any
          warranty claim under this sub-Clause 12.1.

<PAGE>

12.1.7 Inhouse Warranty

     (i)  Seller's Authorization

          The Seller hereby authorizes the Buyer to perform the repair of
          Warranted Parts subject to the terms of this sub-Clause 12.1.7. The
          Buyer shall notify the Seller's representative of its intention to
          perform Inhouse Warranty repairs before such repairs are started,
          unless it is not practicable.

     (ii) Conditions for Seller's Authorization

          The Buyer shall be entitled to repair such Warranted Parts only:

          -    if adequate facilities and qualified personnel are available to
               the Buyer;

          -    in accordance with the Seller's written instructions set forth in
               the applicable Seller's technical documentation;

          -    to the extent specified by the Seller, or, in the absence of such
               specification, to the extent reasonably necessary to correct the
               defect, in accordance with the standards set forth in sub-Clause
               12.1.10.

     (iii) Seller's Rights

          The Seller shall have the right to have any Warranted Part, or any
          part removed therefrom, claimed to be defective, returned to the
          Seller, as set forth in sub-Clause 12.1.6 (ii) if, in the judgement of
          the Seller, the nature of the defect requires technical investigation.
          The Seller shall further have the right to have a representative
          present during the disassembly, inspection and testing of any
          Warranted Part claimed to be defective.

<PAGE>

     (iv) Inhouse Warranty Claim Substantiation

          Claims for Inhouse Warranty credit shall contain the same information
          as that required for warranty claims under sub-Clause 12.1.6 (v) and
          in addition shall include:

          a)   a report of technical findings with respect to the defect,

          b)   for parts required to remedy the defect:

               -    part numbers,

               -    serial numbers (if applicable),

               -    parts description,

               -    quantity of parts,

               -    unit price of parts,

               -    related Seller's or third party's invoices (if applicable),

               -    total price of parts,

          c)   detailed number of labour hours,

          d)   agreed Inhouse Warranty labour rate,

          e)   total claim value.

     (v)  Credit

          The Buyer's account shall be credited with an amount equal to the
          direct labour costs expended in performing the off-Aircraft repair of
          a Warranted Part and to the direct costs of materials incorporated in
          said repair.

          -    For the determination of direct labour costs only manhours spent
               on disassembly, inspection, repair, reassembly, and final
               inspection and test of the Warranted Part are permissible. Any
               manhours required for maintenance work concurrently being carried
               out on the Aircraft or Warranted Part as well as for removal and
               installation of the Warranted Part are not included.

               The manhours permissible above shall be multiplied by an agreed
               labour rate referred to as the Inhouse Warranty labour rate and
               representing the Buyer's composite labour rate meaning the
               average hourly rate (excluding all fringe benefits, premium time
               allowances, social charges, business taxes and the like) paid to
               the Buyer's employees whose jobs are directly related to the
               performance of the repair.

          -    Direct material costs are determined by the prices at which the
               Buyer acquired such material, excluding any parts and materials
               used for overhaul and as may be furnished by the Seller at no
               charge.

     (vi) Limitation

          The Buyer shall in no event be credited for repair costs (including
          labour and material) in excess of sixty-five percent (65 %) of the
          current catalog price for a replacement of the defective Warranted
          Part or in excess of those costs which would have resulted if repairs
          had been carried out at the Seller's facilities. Such costs shall be
          substantiated in writing by the Seller upon reasonable request by the
          Buyer.

<PAGE>

     (vii) Scrapped Material

          The Buyer shall retain any defective Warranted Part beyond economic
          repair and any defective part removed from a Warranted Part during
          repair for a period of either one hundred and twenty (120) days after
          the date of completion of repair or sixty (60) days after submission
          of a claim for Inhouse Warranty credit relating thereto, whichever is
          longer. Such parts shall be returned to the Seller within thirty (30)
          days of receipt of the Seller's request to that effect.

          Notwithstanding the foregoing, the Buyer may scrap any such defective
          parts which are beyond economic repair and not required for technical
          evaluation locally with the agreement of the Seller's local
          representative. Scrapped Warranted Parts shall be evidenced by a
          record of scrapped material certified by an authorized representative
          of the Buyer.

12.1.8 Standard Warranty Transferability

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

12.1.9 Warranty for Corrected, Replaced or Repaired Warranted Parts

     Whenever any Warranted Part which contains a defect for which the Seller is
     liable under sub-Clause 12.1 has been corrected, replaced or repaired
     pursuant to the terms of this sub-Clause 12.1, the period of the Seller's
     warranty with respect to such corrected, replaced or repaired Warranted
     Part whichever may be the case, shall be the remaining portion of the
     original warranty.

12.1.10 Good Airline Operation - Normal Wear and Tear

     The Buyer's rights under this sub-Clause 12.1 are subject to the Aircraft
     and each component, equipment, accessory and part thereof being maintained,
     overhauled, repaired, and operated in accordance with good commercial
     airline practice, all technical documentation and any other instructions
     issued by the Seller and the Vendors and the Manufacturer of the Propulsion
     Systems and all applicable rules, regulations and directives of relevant
     Aviation Authorities. The Seller's liability under this sub-Clause 12.1
     shall not extend to normal wear and tear nor to:

     (i)  any Aircraft or component, equipment, accessory or part thereof which
          has been repaired, altered or modified after delivery except by the
          Seller or in a manner approved by the Seller;

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

<PAGE>

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

     unless in any such case (except in the case of (iii) above) the Buyer
     submits reasonable evidence to the Seller that the defect did not arise
     from or was not contributed to by any one or more of the said causes.

12.2 Seller Service Life Policy

     In addition to the warranties set forth in sub-Clause 12.1, the Seller
     further agrees that should a Failure as defined in sub-Clause 12.2.1.2
     occur in any Item as defined in sub-Clause 12.2.1.1, and subject to the
     general conditions and limitations set forth in sub-Clause 12.2.4, then the
     provisions of this sub-Clause 12.2 shall apply.

12.2.1 Definitions

     For the purpose of this sub-Clause 12.2 the following conditions shall
     apply:

12.2.1.1 "Item" means any of the Seller components, equipment, accessories and
     parts listed in Exhibit "C", Seller Service Life Policy.

12.2.1.2 "Failure" means any breakage of, or defect in, an Item which has
     occurred and which can reasonably be expected to occur on a fleetwide
     basis, and which materially impairs the utility of the Item.

12.2.2 Periods and Seller's Undertakings

     The Seller agrees that if a Failure occurs in an Item within * years after
     the delivery of said Aircraft to the Buyer, whichever shall first occur,
     the Seller shall at its own discretion and as promptly as practicable and
     with the Seller's financial participation as hereinafter provided either:

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

12.2.2.2 replace such Item.

<PAGE>

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:

          P = C (N - T)/N

     where :

     P:   financial participation of the Seller,

     C:   Seller's then current sales prices for the required Item or Seller
          designed parts,

     T:   total time in months since delivery of the Aircraft in which the Item
          subject to a Failure has been used,
          and,

     N:   (*) months,

<PAGE>

12.2.4 General Conditions and Limitations

12.2.4.1 The undertakings given in this sub-Clause 12.2 shall be valid after the
     period of the Seller's warranty applicable to an Item under sub-Clause
     12.1.

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

     (i)  the Buyer shall maintain log books and other historical records with
          respect to each Item adequate to enable determination of whether the
          alleged Failure is covered by this Service Life Policy and if so to
          define the costs to be borne by the Seller in accordance with
          sub-Clause 12.2.3;

     (ii) the Buyer shall keep the Seller informed of any significant incidents
          relating to an Aircraft howsoever occurring or recorded;

     (iii) the Buyer shall comply with the conditions of sub-Clause 12.1.10;

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

     (v)  in the case of any breakage or defect, the Buyer must have reported
          the same in writing to the Seller within sixty (60) days after any
          breakage or defect in an Item becomes apparent whether or not said
          breakage or defect can reasonably be expected to occur in any other
          aircraft, and the Buyer shall have informed the Seller of the breakage
          or defect in sufficient detail to enable the Seller to determine
          whether said breakage or defect is subject to this Service Life
          Policy.

12.2.4.3 Except as otherwise provided for in this sub-Clause 12.2, any claim
     under this Service Life Policy shall be administered as provided for in and
     shall be subject to the terms and conditions of sub-Clause 12.1.6.

12.2.4.4 In the event that the Seller shall have issued a modification
     applicable to an Aircraft, the purpose of which is to avoid a Failure, the
     Seller may elect to supply the necessary modification kit free of charge or
     under a pro rata formula. If such a kit is so offered to the Buyer, then,
     to the extent of such Failure and any Failures that could ensue therefrom,
     the validity of the Seller's commitment under this sub-Clause 12.2 shall be
     subject to the Buyer's incorporating such modification in the relevant
     Aircraft, as promulgated by the Seller and in accordance with the Seller's
     instructions, within a reasonable time.

<PAGE>

12.2.4.5 This Service Life Policy is neither a warranty, performance guarantee,
     nor an agreement to modify any Aircraft or airframe components to conform
     to new developments occurring in the state of airframe design and
     manufacturing art.

     The Seller's obligation herein is to furnish only those corrections to the
     Items or provide replacement therefor as provided for in sub-Clause 12.2.3.

     The Buyer's sole remedy and relief for the non-performance of any
     obligation or liability of the Seller arising under or by virtue of this
     Service Life Policy shall be in monetary damages, limited to the amount the
     Buyer reasonably expends in procuring a correction or replacement for any
     Item which is the subject of a Failure covered by this Service Life Policy
     and to which such non-performance is related.

     The Buyer hereby waives, releases and renounces all claims to any further
     damages, direct, incidental or consequential, including loss of profits and
     all other rights, claims and remedies, arising under or by virtue of this
     Service Life Policy.

12.2.5 Transferability

     The Buyer's rights under this sub-Clause 12.2 shall not be assigned, sold,
     leased, transferred or otherwise alienated by operation of law or
     otherwise, without the Seller's prior consent thereto, which shall not be
     unreasonably withheld and given in writing.

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

<PAGE>

12.3 Vendor Product Support Agreements

12.3.1 Seller's Support

     Prior to the delivery of the first Aircraft, the Seller shall obtain from
     all Vendors listed in the "Vendor Product Support Agreements" enforceable
     and transferable warranties for each of their components, equipment,
     accessories or parts installed in an Aircraft at the time of delivery
     thereof ("Vendor Parts") except for the Propulsion Systems, Buyer Furnished
     Equipment and other equipment selected by the Buyer to be supplied by
     Vendors with whom the Seller has no existing enforceable warranty
     agreements.

     The Seller shall also obtain enforceable and transferable Vendor Service
     Life Policies from landing gear Vendors for selected structural landing
     gear elements.

     The Seller undertakes to supply to the Buyer such Vendor warranties and
     Vendor Service Life Policies in the form of "Vendor Product Support
     Agreements".

12.3.2 Vendor's Default

12.3.2.1 In the event of any Vendor, under any standard warranty obtained by the
     Seller pursuant to sub-Clause 12.3.1, defaulting in the performance of any
     material obligation with respect thereto and the Buyer submitting in
     reasonable time to the Seller reasonable proof that such default has
     occurred, then sub-Clause 12.1 shall apply to the extent the same would
     have been applicable had such Vendor Part been a Warranted Part, except
     that the Vendor's warranty period as indicated in the "Vendor Product
     Support Agreement" shall apply.

12.3.2.2 In the event of any Vendor, under any Vendor Service Life Policy
     obtained by the Seller pursuant to sub-Clause 12.3.1, defaulting in the
     performance of any material obligation with respect thereto and the Buyer
     submitting in reasonable time to the Seller reasonable proof that such
     default has occurred, then sub-Clause 12.2 shall apply to the extent the
     same would have been applicable had such Vendor Item been listed in Exhibit
     "C", Seller Service Life Policy, except that the Vendor's Service Life
     Policy period as indicated in the "Vendor Product Support Agreement" shall
     apply.

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

<PAGE>

12.4 Interface Commitment

12.4.1 Interface Problem

     If the Buyer experiences any technical problem in the operation of an
     Aircraft or its systems due to a malfunction, the cause of which, after due
     and reasonable investigation, is not readily identifiable by the Buyer, but
     which the Buyer reasonably believes to be attributable to the design
     characteristics of one or more components of the Aircraft (an "interface
     Problem"), the Seller shall, if so requested by the Buyer, and without
     additional charge to the Buyer except for transportation of the Seller's
     personnel to the Buyer's facilities, promptly conduct or have conducted an
     investigation and analysis of such problem to determine, if possible, the
     cause or causes of the problem and to recommend such corrective action as
     may be feasible. The Buyer shall furnish to the Seller all data and
     information in the Buyer's possession relevant to the Interface Problem,
     and shall cooperate with the Seller in the conduct of the Seller's
     investigations and such tests as may be required.

     At the conclusion of such investigation the Seller shall promptly advise
     the Buyer in writing of the Seller's opinion as to the cause or causes of
     the Interface Problem and the Seller's recommendations as to corrective
     action.

12.4.2 Seller's Responsibility

     If the Seller determines that the Interface Problem is primarily
     attributable to the design of a Warranted Part, the Seller shall, if so
     requested by the Buyer and pursuant to the terms and conditions of
     sub-Clause 12.1, correct the design of such Warranted Part to the extent of
     the Seller's obligation as defined in sub- Clause 12.1.

12.4.3 Vendor's Responsibility

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

12.4.4 Joint Responsibility

     If the Seller determines that the Interface Problem is attributable
     partially to the design of a Warranted Part and partially to the design of
     any Vendor Part, the Seller shall, if so requested by the Buyer, seek a
     solution to the Interface Problem through cooperative efforts of the Seller
     and any Vendor involved.

     The Seller shall promptly advise the Buyer of such corrective action as may
     be proposed by the Seller and any such Vendor. Such proposal shall be
     consistent with any then existing obligations of the Seller hereunder and
     of any such Vendor to the Buyer. Such corrective action when duly accepted
     by the Buyer shall constitute full satisfaction of any claim the Buyer may
     have against either the Seller or any such Vendor with respect to such
     Interface Problem.

<PAGE>

12.4.5 General

12.4.5.1 All requests under this sub-Clause 12.4 shall be directed to both the
     Seller and the Vendors.

12.4.5.2 Except as specifically set forth in this sub-Clause 12.4, this
     sub-Clause shall not be deemed to impose on the Seller any obligations not
     expressly set forth elsewhere in this Clause 12.

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

12.5 Waiver, Release and Renunciation

     THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND REMEDIES OF
     THE BUYER SET FORTH IN THIS CLAUSE 12 ARE EXCLUSIVE AND IN SUBSTITUTION
     FOR, AND THE BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER
     WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND RIGHTS, CLAIMS
     AND REMEDIES OF THE BUYER AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING
     BY LAW OR OTHERWISE, WITH RESPECT TO ANY NONCONFORMITY OR DEFECT IN ANY
     AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY OR PART THEREOF DELIVERED UNDER
     THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF
     MERCHANTABILITY OR FITNESS, ANY IMPLIED WARRANTY ARISING FROM COURSE OF
     PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE, ANY OBLIGATION,
     LIABILITY, RIGHT, CLAIM OR REMEDY IN CONTRACT OR IN TORT, WHETHER OR NOT
     ARISING FROM THE SELLER'S NEGLIGENCE, ACTUAL OR IMPUTED, AND ANY
     OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OR DAMAGE TO ANY
     AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY OR PART THEREOF, FOR LOSS OF USE,
     REVENUE OR PROFIT WITH RESPECT TO ANY AIRCRAFT, COMPONENT, EQUIPMENT,
     ACCESSORY OR PART THEREOF, OR FOR ANY OTHER DIRECT, INCIDENTAL OR
     CONSEQUENTIAL DAMAGES, PROVIDED THAT IN THE EVENT THAT ANY OF THE AFORESAID
     PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE
     THE REMAINDER OF THIS SUB-CLAUSE 12.5 SHALL REMAIN IN FULL FORCE AND
     EFFECT.

<PAGE>

12.6 Duplicate Remedies

     The Seller shall not be obliged to provide any remedy which is duplicate of
     any other remedy provided to the Buyer under any part of this Clause 12 as
     may be amended, complemented or supplemented by other contractual
     agreements or Clauses of this Agreement.

12.7 Negotiated Agreement

     The Buyer and the Seller agree that this Clause 12 has been the subject of
     discussion and negotiation and is fully understood by the parties, and that
     the price of the Aircraft and the other mutual agreements of the parties
     set forth in this Agreement were arrived at in consideration of, inter
     alia, the provisions of this Clause 12, specifically including the waiver,
     release and renunciation by the Buyer set forth in sub-Clause 12.5.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
 13-     PATENT - INDEMNITY
 13.1    Seller's Obligation and Buyer's Remedy
 13.2    Claim Administration
 13.3    Buyer's Rights Exclusive
</TABLE>

<PAGE>

13-  PATENT - INDEMNITY

13.1 Seller's Obligation and Buyer's Remedy

13.1.1 Subject to the provisions of sub-Clause 13.2.2, the Seller shall
     indemnify the Buyer from and against any damages, costs or expenses
     including legal costs (excluding damages, costs, expenses, loss of profits
     and other liabilities in respect of or resulting from loss of use of the
     Aircraft or any of them) resulting from any infringement or claim of
     infringement of:

     (i)  any British, French, German, Spanish or U.S. patent;

     and:

     (ii) any patent issued under the laws of any other country in which the
          Buyer may lawfully operate the Aircraft, provided that:

          (1)  from the time of design of such Aircraft, accessory, equipment or
               part and until infringement claims are resolved, such country and
               the flag country of the Aircraft are legally bound by and
               recognize their obligations and duties under the Chicago
               Convention on International Civil Aviation of December 7, 1944
               and the flag country is fully entitled to all benefits of Article
               27 thereof

               or in the alternative,

          (2)  from such time of design and until infringement claims are
               resolved such country shall either be a party to the
               International Convention for the Protection of Industrial
               Property, or have in full force and effect patent laws which
               recognize and give adequate protection to patents issued under
               the laws of other countries.

13.1.2 The sub-Clause 13.1.1 shall not apply to Buyer Furnished Equipment nor to
     parts which the Buyer has requested the Seller to install on the Aircraft
     where such parts are to be supplied by Vendors with whom the Seller has no
     existing enforceable warranty agreements.

<PAGE>

13.1.3 In the event that the Buyer is prevented from using a unit or a part of
     the Aircraft (whether by a valid judgment of a court of competent
     jurisdiction or by a settlement arrived at between claimant, Seller and
     Buyer), the Seller shall at its expense either:

     (i)  procure for the Buyer the right to use the same free of charge to the
          Buyer; or

     (ii) replace the same as soon as possible with a non infringing substitute
          complying in all other respects with the requirements of this
          Agreement.

13.2 Claim Administration

13.2.1 If the Buyer receives a written claim or a suit is threatened or
     commenced against the Buyer for infringement, the Buyer shall:

     (i)  forthwith notify the Seller giving particulars thereof;

     (ii) furnish to the Seller all data papers and records within the Buyer's
          knowledge control or possession;

     (iii) refrain from admitting any liability or making any payment or
          assuming any expenses, damages, costs or royalties or otherwise acting
          in a manner prejudicial to the defence or denial of such suit or
          claim;

     (iv) fully cooperate with, and render all such assistance to, the Seller as
          may be pertinent to the defence or denial of the suit or claim;

     (v)  act in such a way as to mitigate damages and / or to reduce the amount
          of royalties which may be payable as well as to minimise costs and
          expenses.

13.2.2 The Seller shall be entitled either in its own name or on behalf of the
     Buyer to conduct negotiations with the party or parties alleging
     infringement and may assume and conduct the defence or settlement of any
     suit or claim in the manner which, in its opinion, deems proper.

13.3 Buyer's Rights Exclusive

     The Seller's liability hereunder shall be conditional upon the strict and
     timely compliance by the Buyer with the terms of this Clause and is in lieu
     of any other liability to the Buyer express or implied which the Seller
     might incur at law as a result of any infringement or claim of infringement
     of any patent.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE       TITLE
------       -----
<S>          <C>
 14          TECHNICAL PUBLICATIONS
 14.1        General
 14.2        Scope
 14.3        Delivery
 14.4        Revision Service
 14.5        Vendor Equipment
 14.6        Aircraft Identification for Technical Publications
 14.7        Performance Engineer's Programs
 14.8        CD-ROM
 14.9        Future Developments
 14.10       Warranties
 14.11       Proprietary Rights
Appendix A   Licence for use of the Performance Engineer's Programs (PEP)
Appendix B   Licence for use of CD-ROM
</TABLE>

<PAGE>

14-  TECHNICAL PUBLICATIONS

14.1 General

     This Clause covers the terms and conditions for the supply of technical
     publications (hereinafter "the Technical Publications") to support the
     Aircraft operation.

     The Technical Publications shall be supplied in the English language using
     the aeronautical terminology in common use.

14.2 Scope

     Range, form, type, format, ATA/Non ATA compliance, revision, quantity and
     delivery schedule of the Technical Publications are covered in Exhibit "D".

14.3 Delivery

14.3.1 The Technical Publications and corresponding revisions to be supplied by
     the Seller shall be sent to one address only as advised by the Buyer.

     Documentation already in the Buyer's possession through a previous
     agreement shall not be included in the Technical Publications package
     subject of the present Agreement, except as quantities may be increased in
     accordance with the provisions of Exhibit "D".

     Packing and shipment of the Technical Publications and their revisions
     shall be carried out in consideration of the quickest transportation
     methods. The shipment shall be Free Carrier (FCA) TOULOUSE, FRANCE and/or
     Free Carrier (FCA) HAMBURG, FEDERAL REPUBLIC OF GERMANY, as the term Free
     Carrier (FCA) is defined by publication no 460 of the International Chamber
     of Commerce, published in April 1990.

     The delivery schedule of the Technical Publications shall be phased as
     mutually agreed to correspond with Aircraft deliveries. The Buyer agrees to
     provide forty (40) days notice when requesting a change to the delivery
     schedule.

14.3.2 It shall be the responsibility of the Buyer to coordinate and satisfy
     local Aviation Authorities needs for Seller's Technical Publications. Such
     Technical Publications shall be supplied by the Seller at no charge to the
     Buyer Free Carrier (FCA) TOULOUSE, FRANCE and/or Free Carrier (FCA)
     HAMBURG, FEDERAL REPUBLIC OF GERMANY.

<PAGE>

14.4 Revision Service

14.4.1 General

     Unless otherwise specifically stated, Revision Service shall be offered on
     a free of charge basis for a period of * after delivery of the last firmly
     ordered Aircraft covered under this Agreement.

     Mandatory changes shall be incorporated into the Technical Publications at
     no charge for as long as one (1) Aircraft is in service with the Buyer.

14.4.2 Service Bulletins (SB)

     Seller's Service Bulletin information shall be incorporated into the
     Technical Publications for the Buyer's Aircraft after formal notification
     by the Buyer of its intention to accomplish a Service Bulletin. The split
     effectivity for the corresponding Service Bulletin shall remain in the
     Technical Publications until notification from the Buyer that embodiment
     has been completed on all the Buyer's Aircraft.

     The request for incorporation has to be made within two (2) years after
     issue of the Service Bulletin.

14.4.3 Customer Originated Changes (COC)

14.4.3.1 Buyer originated data documented in the Buyer's own Airline Engineering
     Bulletin may be introduced into the following Seller's customized manuals :

     -    Aircraft Maintenance Manual,

     -    Illustrated Parts Catalog,

     -    Trouble Shooting Manual,

     -    Wiring Manual (Schematics, Wirings, Lists).

     COC data shall be established by the Buyer according to the "Guidelines for
     Customer Originated Changes" as issued by the Seller.

     The data shall be labelled with COC as being Buyer originated. The Seller
     shall endeavour to incorporate such Buyer originated data within the two
     (2) revisions following the receipt of complete and accurate data for
     processing.

     COC data shall be incorporated by the Seller in all affected customized
     manuals unless the Buyer specifies in writing the documents of its choice
     into which the COC data shall be incorporated. The customized manuals into
     which the COC data are incorporated shall only show the Aircraft
     configuration reflecting the COC data and not the configuration before such
     COC data's incorporation.

14.4.3.2 The Buyer shall ensure that any such data have received prior agreement
     from its local Aviation Authorities.

<PAGE>

14.4.3.3 The Buyer hereby acknowledges and accepts that the incorporation of any
     COC into the Technical Publications issued by the Seller shall be entirely
     at the Buyer's risk. Accordingly, the Seller shall be under no liability
     whatsoever in respect of either the contents of any COC, including any
     omissions or inaccuracies therein, or the effect which the incorporation of
     such COC may have on the Seller's Technical Publications.

     The Seller shall not be required to check any COC data submitted for
     incorporation as aforesaid.

     Further, the Buyer acknowledges full liability for the effects, including
     all related costs, which any COC may have on all subsequent Service
     Bulletins/modifications.

14.4.3.4 In the event of the Seller being required under any court order or
     settlement to indemnify any third party for injury, loss or damage incurred
     directly or indirectly as a result of incorporation of any COC into the
     Technical Publications issued by the Seller, the Buyer agrees to reimburse
     the Seller for all payments or settlements made in respect of such injury,
     loss or damage including any expenses incurred by the Seller in defending
     such claims.

     The Seller's liability shall in no event be affected by any communication
     written or oral which the Seller may make to the Buyer with respect to such
     documentation.

14.4.3.5 The Seller's costs with respect to the incorporation of any COC as
     aforesaid shall be invoiced to the Buyer under conditions specified in the
     Seller's then current Support Services Price List.

14.5 Vendor Equipment

     Information relating to Vendor equipment which is installed on the Aircraft
     by the Seller shall be introduced into the Seller's Technical Publications
     to the extent necessary for the comprehension of the systems concerned, at
     no additional charge to the Buyer for the Technical Publications' basic
     issue.

     The Buyer shall supply the data related to Buyer Furnished Equipment (BFE)
     and Seller Furnished Equipment (SFE) (if not covered in the Seller's
     Standard SFE definition) to the Seller at least six (6) months before the
     scheduled delivery of the Seller's customized Technical Publications. The
     BFE and SFE data (if not covered in the Seller's standard SFE definition)
     supplied by the Buyer to the Seller shall be in English language.

     The Seller shall introduce BFE and SFE data into the Seller's Technical
     Publications at no additional charge to the Buyer for the Technical
     Publications basic issue. The transportation costs related to BFE and SFE
     data shipment shall be the Buyer's responsibility.

<PAGE>

14.6 Aircraft Identification for Technical Publications

     For the customized Technical Publications the Buyer agrees to the
     allocation of Fleet Serial Numbers (FSN) in the form of block of numbers
     selected in the range from 001 to 999.

     The sequence shall be interrupted only if two (2) different Propulsion
     Systems or different Aircraft models are selected.

     The Buyer shall indicate to the Seller the Fleet Serial Number allocated to
     the Aircraft Manufacturer's Serial Number (MSN) within forty-five (45) days
     after execution of this Agreement. The allocation of Fleet Serial Numbers
     to Manufacturer's Serial Numbers shall not constitute any property,
     insurable or other interest of the Buyer whatsoever in any Aircraft prior
     to the delivery of and payment for such Aircraft as provided for in this
     Agreement.

     The affected customized Technical Publications are:

     -    Aircraft Maintenance Manual,

     -    Illustrated Parts Catalog,

     -    Trouble Shooting Manual,

     -    Wiring Manual (Schematics, Wirings, Lists).

14.7 Performance Engineer's Programs

     Complementary to the standard Operational Manuals, covered in Exhibit "D",
     the Seller shall provide to the Buyer Performance Engineer's Programs (PEP)
     under licence conditions as defined in Appendix A to this Clause.

14.8 CD-ROM

     CD-ROM, in replacement for manuals/data provided by the Seller in other
     media, can be provided under licence conditions as defined in Appendix B to
     this Clause.

     The affected Technical Publications are the following :

     -    Trouble Shooting Manual,

     -    Aircraft Maintenance Manual,

     -    Illustrated Parts Catalog.

14.9 Future Developments

     The Seller shall continuously monitor technological developments and apply
     them to document production and method of transmission where beneficial and
     economical.

<PAGE>

14.10 Warranties

     The Seller warrants that the Technical Publications are prepared in
     accordance with the state of the art at the date of their conception.
     Should a Technical Publication prepared by the Seller contain error or
     omission, the sole and exclusive liability of the Seller shall be to take
     all reasonable and proper steps to, at its option, correct or replace such
     Technical Publication. Notwithstanding the above, no warranties of any kind
     are given for the Customer Originated Changes, as set forth in sub-Clause
     14.4.3. The provisions of sub-Clause 12.5,12.6 and 12.7 shall apply to all
     Technical Publications.

14.11 Proprietary Rights

14.11.1 All proprietary rights, including but not limited to patent, design and
     copyrights, relating to Technical Publications and data supplied under this
     Agreement shall remain with the Seller. All such Technical Publications and
     data are supplied to the Buyer for the sole use of the Buyer who undertakes
     not to divulge the contents thereof to any third party save as permitted
     therein or otherwise pursuant to any Government or legal requirement
     imposed upon the Buyer or if any such information falls into the public
     domain other than by any unauthorised disclosure of Buyer. These
     proprietary rights shall also apply to any translation into a language or
     languages or media that may have been performed or caused to be performed
     by the Buyer.

14.11.2 Whenever this Agreement provides for manufacturing by the Buyer, the
     consent given by the Seller shall not be construed as express or implicit
     approval howsoever of the manufactured products. The supply of the
     Technical Publications and data shall not be construed as any further right
     for the Buyer to design or manufacture any Aircraft or part thereof or
     spare part.

14.11.3 In the case of the Seller having authorized the disclosure to third
     parties either under this Agreement or by an express prior written
     authorization, the Buyer shall undertake that such third party agree to be
     bound by the same conditions and restrictions as the Buyer with respect to
     the disclosed Technical Publications.

<PAGE>

          LICENCE FOR USE OF THE PERFORMANCE ENGINEER'S PROGRAMS (PEP)

1.   Grant

     The Seller grants the Buyer the right to use the PEP in machine readable
     form during the term of this licence on a single computer.

     Use of the PEP in readable form shall be limited to one (1) copy other than
     the copies contained in the single computer and copies produced for
     checkpoint and restart purposes or additional copies made with the consent
     of the Seller for a specific need.

2.   Merging

     The PEP may be used and adapted in machine readable form for the purpose of
     merging it into other program material of the Buyer but, on termination of
     this Agreement, the PEP shall be removed from the other program material
     with which it has been merged.

     The Buyer agrees to reproduce the copyright and other notices as they
     appear on or within the original media on any copies which the Buyer makes
     of the PEP.

3.   Personal Licence

     The above described licence is personal to the Buyer and, subject to prior
     written notice to the Seller by the Buyer of the name, address and identity
     thereof, Buyer's affiliates, and is otherwise non-transferable and
     non-exclusive.

4.   Installation

     It is the Buyer's responsibility to install the PEP and to perform any
     mergings and checks. The Seller shall however assist the Buyer's operations
     engineers in the initial phase following the delivery of the PEP until such
     personnel reach the familiarization level required to make inputs and
     correlate outputs.

<PAGE>

5.   Proprietary Rights and Non-Disclosure

5.1  The PEP and the copyright and other proprietary rights of whatever nature
     in the PEP are and shall remain with the Seller. The PEP and its contents
     are designated as confidential.

5.2  The Buyer undertakes not to disclose the PEP or parts thereof and its
     contents to any third party without the prior written consent of the
     Seller. In so far as it is necessary to disclose aspects of the PEP to
     employees, such disclosure is permitted only for the purpose for which the
     PEP is supplied and only to the employee who needs to know the same.

6.   Conditions of Use

6.1  The Seller does not warrant that the PEP shall not contain errors. However,
     should the PEP be found to contain any error at delivery, the Buyer shall
     notify the Seller promptly thereof and the Seller shall take all proper
     steps to correct the same at his own expense.

6.2  The Buyer shall ensure that the PEP is correctly used in appropriate
     machines as indicated in the Performance Programs Manual (PPM) and that
     staff are properly trained to use the same, to trace and correct running
     faults, to restart and recover after fault and to operate suitable checks
     for accuracy of input and output.

6.3  It is understood that the PPM is the user's guide of the PEP and the Buyer
     shall undertake to use the PEP in accordance with the PPM.

6.4  The PEP are supplied under the express condition that the Seller shall have
     no liability in contract or in tort arising from or in connection with the
     use of or inability to use the PEP.

7.   Duration

     The rights under this licence shall be granted to the Buyer as long as the
     Buyer operates a Seller's Aircraft model to which the PEP refers. When the
     Buyer stops operating said Aircraft model, the Buyer shall return the PEP
     and any copies thereof to the Seller, accompanied by a notice certifying
     that the Buyer has returned all existing copies.

<PAGE>

                            LICENCE FOR USE OF CD-ROM

1.   Grant

     The Seller grants the Buyer the right to use the Aircraft Documentation
     Retrieval System (ADRES) and/or the Computer Assisted Aircraft Trouble
     Shooting (CAATS) on CD-ROM for the term of this Licence. Use of ADRES
     and/or CAATS shall be limited to the number of copies defined between the
     parties.

     For clarification, it is hereby stated that the Power Plant IPC is not part
     of the electronic IPC and is only available on other media (paper or film).

2.   Term

     The rights under the Licence shall be granted from the date of first
     delivery of ADRES and/or CAATS to the end of the current year. The grant
     shall be renewed automatically at the beginning of each calendar year for
     another year, unless either the Buyer or the Seller gives written notice to
     the other party three (3) months prior to the end of the Licence of its
     intention to terminate the grant. Within thirty (30) days of termination,
     the Buyer shall return ADRES and/or CAATS and all copies thereof to the
     Seller.

3.   Revision Service

     the Seller shall provide revision service for ADRES and/or CAATS during the
     term. The revision service shall be based on the revision service which the
     Seller provides for the documentation in paper or film format.

     ADRES and/or CAATS CD-ROM shall be revised concurrently with the paper and
     film deliveries. However, temporary revisions are not currently provided in
     digital data format and are only available in paper format.

4.   Personal Licence

     The Licence is personal to the Buyer and, subject to prior written notice
     to the Seller by the Buyer of the name, address and identity thereof,
     Buyer's affiliates, and is otherwise non-transferable and non-exclusive.
     The Buyer shall not permit any third party to use ADRES and/or CAATS, nor
     shall it transfer or sub-licence ADRES and/or CAATS to any third party,
     without prior written consent from the Seller.

<PAGE>

5.   Installation

     The Seller shall provide the list of hardware on which ADRES and/or CAATS
     shall be installed. The Buyer shall be responsible for procuring such
     hardware and installing ADRES and/or CAATS.

6.   Proprietary Rights

     ADRES and/or CAATS are proprietary to the Seller and the copyright and all
     other proprietary rights in ADRES and/or CAATS are and shall remain the
     property of the Seller.

7.   Copyright Indemnity

     The Seller shall defend and indemnify the Buyer (such indemnity to include,
     without limitation, all reasonable legal fees and expenses incurred by the
     Buyer) against any claim that the normal use of ADRES and/or CAATS
     infringes the intellectual property rights of any third party, provided
     that the Buyer:

7.1  immediately notifies the Seller of any such claim;

7.2  makes no admission or settlement of any claim;

7.3  allows the Seller to have sole control of all negotiations for its
     settlement;

7.4  gives the Seller all reasonable assistance in connection therewith.

8.   Confidentiality

     ADRES and/or CAATS and their contents are designated as confidential. The
     Buyer undertakes not to disclose ADRES and/or CAATS or parts thereof to any
     third party without the prior written consent of the Seller except (i) as
     required by applicable court orders or governmental regulations (in which
     case it shall give the Seller prior written notice of such disclosure and
     use its best efforts to limit such disclosure to the greatest extent
     possible) or (ii) for information which is in the public domain at the time
     of disclosure otherwise than through a breach of this Agreement (but
     compilations of information which are not public shall not be treated as
     being public by reason of them containing information which is). In so far
     as it is necessary to disclose aspects of ADRES and/or CAATS to the
     employees, such disclosure is permitted solely for the purpose for which
     ADRES and/or CAATS are supplied and only to those employees who need to
     know the same.

<PAGE>

9.   Conditions of Use

9.1  The Buyer shall not make any copies of ADRES and/or CAATS, except for
     installation purposes.

9.2  The Seller does not warrant that the operation of ADRES and/or CAATS shall
     be error free. In the event of an error occurring within thirty (30) days
     of delivery, the sole and exclusive liability of the Seller shall be, at
     its expense, to correct ADRES and/or CAATS in the following revision.

9.3  THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND REMEDIES OF
     THE BUYER SET FORTH IN THIS LICENCE ARE EXCLUSIVE AND IN SUBSTITUTION FOR,
     AND THE BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES,
     OBLIGATIONS AND LIABILITIES OF THE SELLER AND THE RIGHTS, CLAIMS OR
     REMEDIES OF THE BUYER AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING BY
     LAW OR OTHERWISE, WITH RESPECT TO ANY NON CONFORMITY OR DEFECT IN THE ADRES
     AND/OR CAATS DELIVERED UNDER THIS LICENCE.

10.  Training

     In addition to the user guide supplied with ADRES and/or CAATS, training
     and other assistance may be provided upon the Buyer's request at conditions
     to be mutually agreed.

11.  Replacement of Product

     For clarification purposes it is hereby expressly stated that ADRES and/or
     CAATS shall be offered for a limited time period, not exceeding the term of
     this Licence. In the event that the Seller should offer a replacement
     product, the conditions for using such product shall be subject to a
     separate agreement.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
 15-     SELLER REPRESENTATIVES
 15.1    Seller's Service
 15.2    Customer Support Manager
 15.3    Buyer's Service
 15.4    Withdrawal of Seller's Representatives
 15.5    Seller's Representatives' Status
 15.6    Indemnities
</TABLE>

<PAGE>

15   SELLER REPRESENTATIVES

15.1 Seller's Service

15.1.1 The Seller shall provide free of charge the services of a team of
     Technical Representatives acting in an advisory capacity at the Buyer's
     main base for a period commencing at or about the delivery of the first
     Aircraft for a total of * man-months. The actual number of Seller
     Technical Representatives assigned to the Buyer at any time shall be
     mutually agreed upon but at no time shall this number exceed three men.

15.1.2 The Seller has set up a global Technical Services network available for
     the non-exclusive use by each of the Seller's aircraft operators.

     The Buyer shall have free access to this global network at any time in the
     course of the Aircraft operation, and in particular to the regional
     Technical Representatives closest to the Buyer's main base after the end of
     the mission of the Technical Representatives referred to in sub-Clause
     15.1.1, or to cover for their temporary absence in the course of their
     mission. A list of the contacts for the global Technical Services network
     including the regional Technical Representatives shall be provided to the
     Buyer.

15.1.3 The Seller shall cause similar services to be provided by competent
     Representatives of the Propulsion Systems Manufacturer and by Vendor
     Representatives when necessary and applicable.

15.2 Customer Support Manager

     The Seller shall provide one (1) Customer Support Manager to liaise on
     product support matters between the Seller's main office and the Buyer
     after signature of this Agreement for as long as one (1) Aircraft is
     operated by the Buyer.

15.3 Buyer's Service

15.3.1 From the date of arrival of the first of the Seller's Representatives
     specified in sub-Clause 15.1.1 the Buyer shall provide free of charge a
     non-exclusive English speaking secretary and a suitable office,
     conveniently located with respect to the Buyer's maintenance facilities,
     with complete office furniture and equipment including telephone, telefax
     and SITA connection for the sole use of the Seller's Representatives.

     Should the Buyer already provide such facilities through another Purchase
     Agreement with the Seller, the above Buyer's service may not be provided if
     they do not appear necessary.

15.3.2 For the Representatives mentioned in sub-Clause 15.1.1 and their
     families, that is their children still undergoing education and spouse, the
     Buyer shall provide at no charge to the Seller confirmed reservations,
     Business Class, if available, to and from their place of assignment and the
     airport on the Buyer's network nearest to TOULOUSE, FRANCE.

15.3.3 The Buyer shall also provide at no charge to the Seller air
     transportation, confirmed reservations for the annual vacation of the
     persons mentioned in sub-Clause 15.1.1 above to and from their place of
     assignment and the airport on the Buyer's network nearest to TOULOUSE,
     FRANCE.

<PAGE>

15.3.4 The Buyer shall assist the seller to obtain from the civil authorities of
     the Buyer's country those documents which are necessary to permit the
     Seller's Representatives to live and work in the Buyer's country. Failure
     of the Seller to obtain the necessary documents shall relieve the Seller of
     any obligation to the Buyer under the provisions of sub-Clauses 15.1.1 and
     15.1.2.

15.4 Withdrawal of Seller's Representatives

     The Seller shall have the right to withdraw its assigned personnel as it
     sees fit if conditions arise which are in the Seller's opinion dangerous to
     their safety or health or prevent them from fulfilling their contractual
     tasks.

15.5 Seller's Representatives' Status

     In providing the above technical services, the Seller's employees and other
     Representatives are deemed to be acting in an advisory capacity only and at
     no time shall they be deemed to act as Buyer's employees or agents either
     directly or indirectly.

<PAGE>

15.6 Indemnities

     THE BUYER SHALL, EXCEPT IN CASE OF WILFUL MISCONDUCT OF THE SELLER, ITS
     DIRECTORS, OFFICERS, AGENTS, SUBCONTRACTORS AND EMPLOYEES, BE SOLELY LIABLE
     FOR AND SHALL INDEMNIFY AND HOLD HARMLESS THE SELLER, ITS DIRECTORS,
     OFFICERS, AGENTS, SUBCONTRACTORS AND EMPLOYEES FROM AND AGAINST ALL
     LIABILITIES, CLAIMS, DAMAGES, LOSSES, COSTS AND EXPENSES (INCLUDING LEGAL
     EXPENSES AND ATTORNEY FEES) FOR ALL INJURIES TO OR DEATH OF PERSONS,
     EXCEPTING INJURIES TO OR DEATH OF THE SELLER'S REPRESENTATIVES PROVIDING
     THE SERVICES UNDER THIS CLAUSE 15, AND FOR LOSS OF OR DAMAGE TO PROPERTY
     AND/OR FOR LOSS OF USE THEREOF HOWSOEVER ARISING OUT OF OR IN CONNECTION
     WITH THE PERFORMANCE OF SERVICES UNDER THIS CLAUSE 15.

     THE SELLER SHALL, EXCEPT IN CASE OF WILFUL MISCONDUCT OF THE BUYER, ITS
     DIRECTORS, OFFICERS, AGENTS, SUBCONTRACTORS AND EMPLOYEES, BE SOLELY LIABLE
     FOR AND SHALL INDEMNIFY AND HOLD HARMLESS THE BUYER, ITS DIRECTORS,
     OFFICERS, AGENTS, SUBCONTRACTORS AND EMPLOYEES FROM AND AGAINST ALL
     LIABILITIES, CLAIMS, DAMAGES, LOSSES, COSTS AND EXPENSES (INCLUDING LEGAL
     EXPENSES AND ATTORNEY FEES) FOR ALL INJURIES TO OR DEATH OF THE SELLER'S
     SAID REPRESENTATIVES DURING THE PERFORMANCE OF SERVICES UNDER THIS CLAUSE
     15.

     FOR THE PURPOSE OF THIS SUB-CLAUSE 15.6, SELLER'S REPRESENTATIVES SHALL BE
     DEEMED TO INCLUDE THE REPRESENTATIVES REFERRED TO IN SUB-CLAUSES
     15.1.1, 15.1.2 AND 15.2.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
 16-     TRAINING AND TRAINING AIDS
 16.1    General
 16.2    Logistics
 16.3    Training Courses Execution
 16.4    Training Aids and Materials
 16.5    Training Engineering Support
 16.6    Indemnities and Insurance
</TABLE>

Appendix "A" Recommended Pilot Qualification in Relation to Training
             Requirements

Appendix "B" List of A319 and A320 Maintenance Courses

Appendix "C" List of A319 and A320 Operations/Performance Courses

<PAGE>

16.  TRAINING AND TRAINING AIDS

16.1. General

16.1.1. Training Organization

     The Seller shall supply training and training aids for the Buyer's
     personnel in accordance with the provisions set forth in this Clause 16.

     The training and training aids shall be provided by the Seller at its
     training center in BLAGNAC, FRANCE, or by Airbus Service Company ("Airbus
     Service Company") an US affiliate of the Seller having its training center
     in MIAMI, FLORIDA, USA, subject to the availability of training allocation
     in each training center. For the purposes of this Clause 16, the term
     Seller shall include Airbus Service Company.

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

     Certain training may also be provided by the Seller at one of the Buyer's
     bases, if and when practicable for the Seller, under terms and conditions
     to be mutually agreed upon. In this event, all additional charges listed in
     sub-Clause 16.2.1.2 shall be borne by the Buyer.

     Training courses provided for the Buyer shall be the Seller's standard
     courses. The Seller shall be responsible for all training course syllabi,
     training aids and training equipment necessary for the organization of the
     training courses.

     The training curricula and the training equipment may not be fully
     customized. However, academic curricula may be modified to include the most
     significant of the Buyer's Aircraft Specification (to the exclusion of
     Buyer Furnished Equipment (BFE)) as known at the latest six (6) months
     prior to the date of the first training course planned for the Buyer. The
     equipment used for flight and maintenance personnel shall not be fully
     customized; however, this equipment shall be configured in order to obtain
     the relevant approval and to support the Seller's teaching programs.

     In fulfilment of its obligation to provide training courses, the Seller
     shall deliver to the trainees a certificate of completion at the end of any
     such training course. The Seller's certificate does not represent authority
     or qualification by any official Civil Aviation Authorities but may be
     presented to such officials in order to obtain relevant formal
     qualification.

     Training courses provided for the Buyer's personnel shall be scheduled
     according to plans mutually agreed upon during a Training Conference to be
     held at least twelve (12) months prior to delivery of the first Aircraft.

     The contractual training courses shall be provided up to one (1) year after
     delivery of the last Aircraft ordered under this Agreement. In the event
     that the Buyer should use none or only part of the training or training
     aids to be provided pursuant to this Clause, no compensation or credit of
     any sort shall be allowed to the Buyer.

<PAGE>

16.1.2. Prerequisites

     The Buyer warrants that trainees have the prerequisite jet transport
     category experience as defined in Appendix "A" to this Clause 16 and are
     able to fully understand, write and speak English in order to attend the
     Seller's courses.

     It is clearly understood that said training courses are "Transition
     Training Courses" and not "Initial Training Courses".

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

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

     Upon the Buyer's request, the Seller may be consulted to orientate the
     above mentioned trainee(s) through a relevant entry level training program,
     which shall be at the Buyer's charge, and, if necessary, to coordinate with
     competent outside organizations for this purpose. Such consultation should
     be held during the Training Conference.

     In the event the Seller should determine that a trainee lacks such entry
     level, such trainee shall, following consultation with the Buyer, be
     withdrawn from the program and shall then be considered to be at the
     Buyer's disposal.

16.2. Logistics

16.2.1 Trainees

16.2.1.1 The Seller shall provide free local transportation by bus for the
     Buyer's trainees to and from designated pick up points and the training
     center.

     The Seller shall provide each flight crew with one (1) rented car, or
     transportation by taxi, at the beginning of the fixed base simulator phase
     of the course, specifically to be used to enable the crew to attend either
     simulator or flight sessions at any time.

16.2.1.2 However, the Buyer shall indemnify and hold the Seller harmless from
     and against all liabilities, claims, damages, costs and expenses for any
     injury to or death of any of the Buyer's trainees occasioned during the
     course of such transportation.

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

<PAGE>

16.2.2 Seller's Instructors

     In the event that, at the Buyer's request, training is provided by the
     Seller's instructors at any location other than the Seller's training
     centers, the Buyer shall reimburse the Seller for all the expenses related
     to the assignment of such instructors and their performance of the duties
     as aforesaid.

16.2.2.1 Living Expenses

     Such expenses, covering the entire period from day of secondment to day of
     return to the Seller's base, shall include but shall not be limited to
     lodging, food and local transportation to and from the place of lodging and
     the training course location. The Buyer shall reimburse the Seller for such
     expenses on the basis of a per diem rate corresponding to the current per
     diem rate used by the Seller for its personnel.

16.2.2.2 Air Travel

     Airline reservation(s) shall be guaranteed and confirmed to the Seller's
     instructors in business class on the Buyer's route network. When the use of
     the Buyer's route network is not feasible or practical, the Buyer shall
     reimburse the Seller for business class travel on other airlines.

     It is understood that transportation for the Seller's instructors includes
     air travel to and from the Seller's training centers and the place of
     assignment.

16.2.2.3 Indemnities

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

16.2.3 Training Equipment Availability

     Training equipment necessary for course performance at any course location
     other than Seller's training centers shall be provided by the Buyer in
     accordance with the Seller's specifications.

<PAGE>

16.3. Training Courses Execution

16.3.1. Flight Crew Transition Course

     The Seller shall train up to the CAT three level, * a total of * of the
     Buyer's flight crews in a Flight Crew Transition course program (or in a
     Cross Crew Qualification program), each crew shall consist of one Captain
     (1) and one (1) First Officer. The training manual shall be the Airbus
     Industrie Flight Crew Operating Manual.

     In addition, the Seller shall provide * Flight Crew Instructor
     Familiarization Training Course for * Captains out of the Buyer's flights
     crews receiving the Flight Crew Transition Course as referred above.

     Whenever base flight training is required, the Buyer shall use its
     delivered Aircraft for said base flight training, which shall not exceed *
     of * * hours per pilot. When such base flight crew training is performed in
     BLAGNAC, FRANCE, the Seller shall provide * line maintenance, including
     servicing, preflight checks and changing of minor components, subject to
     conditions agreed in the present agreement.

     The Buyer shall provide mutually agreed spare parts as required to support
     said Aircraft in-flight training and shall provide public liability
     insurance in line with sub-Clause 16.6.

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

16.3.2. Flight Crew Line Initial Operating Experience

     In order to assist the Buyer with initial operating experience after
     delivery of the first Aircraft, the Seller shall provide to the Buyer *
     pilot instructor man-months (number of pilot present at the same time to be
     mutually agreed). The Buyer shall reimburse the expenses for each such
     instructor according to sub-Clause 16.2.1.2. Additional pilot instructors
     can be provided at the Buyer's expense and upon conditions to be mutually
     agreed upon.

<PAGE>

16.3.3. MAINTENANCE TRAINING

16.3.3.1 The available courses are listed in Appendix "B" to this Clause 16.

16.3.3.2 The Seller shall train * the Buyer's ground personnel for a training
     period equivalent to * trainee days of instruction in the courses listed in
     Appendix "B" to this Clause 16. However, the number of Engine Run-up
     courses shall be limited to * trainees per firmly ordered Aircraft and to a
     maximum of * in total.

16.3.3.3 Courses shall only be scheduled for a given minimum number of
     participants as agreed to at the Training Conference.

     Trainee days are counted as follows:

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

     -    for instruction outside of the Seller's training centers: one (1) day
          of secondment of one (1) Seller instructor equals the actual number of
          trainees attending the course or a minimum of twelve (12) trainee
          days.

16.3.3.4 On-the-Job Training

     Upon request by the Buyer, the Seller shall organize up to a maximum of *
     On-the-Job training courses for * trainees per course.

     For On-the-Job training courses, one (1) day of instruction shall equal
     twelve (12) trainee days.

16.3.4. Line Maintenance Initial Operating Training

     In order to assist the Buyer during the entry into service of the Aircraft,
     the Seller shall provide to the Buyer one (1) maintenance instructor at the
     Buyer's base for a period of * months. This line maintenance training shall
     cover training in handling and servicing of Aircraft, flight crew /
     maintenance coordination, use of manuals and any other activities which
     might be deemed necessary for this training after delivery of the first
     Aircraft.

     The Buyer shall reimburse the expenses for said instructor according to
     sub-Clause 16.2.1.2. Additional maintenance instructors can be provided at
     the Buyer's expense.

16.3.5. Cabin Attendants' Familiarization Course

     The Seller shall offer up to * sessions of a free-of-charge cabin
     attendants' course to twelve (12) of the Buyer's cabin attendants.

<PAGE>

16.3.6. Performance / Operations Course

     The available courses are listed in Appendix "C" to this Clause 16.

     The Seller shall provide * trainee days of Performance/Operations training
     for the Buyer's personnel. Courses shall only be scheduled for a given
     minimum number of participants as agreed upon at the Training Conference.

16.3.7. Vendors and Engine Manufacturer Training

     The Seller shall ensure that major Vendors and the applicable Propulsion
     Systems Manufacturer provide maintenance and overhaul training on their
     products at appropriate times.

     A list of the Vendors concerned may be supplied to the Buyer upon request.

<PAGE>

16.4. Training Aids and Materials

16.4.1. Training Aids for Trainees at the Training Centers

     Paper documentation for trainees receiving the instruction referred to
     above in sub-Clause 16.3 at the Seller's training centers shall be
     free-of-charge.

     Training aids shall be "FOR TRAINING ONLY" and as such are supplied for the
     sole and express purpose of training.

16.4.2. Training Aids and Materials for Buyer's Training Organization

     The Seller shall provide * sets of the Seller's VACBI courseware for the
     workstation related to the Aircraft type as covered by this Agreement,
     including the relating utilization rights. The courseware shall be the
     Seller VACBI courseware as used by the Seller in its official training
     centers.

     The items delivered to the Buyer under the terms of this sub-Clause 16.4.2
     shall be for the training of the Buyer's personnel only.

     Supply of sets of additional courseware supports, as well as any extension
     to the right of utilization of such courseware, shall be subject to terms
     and conditions to be mutually agreed. VACBI supply general conditions shall
     apply and shall be detailed during the Training Conference.

     The Buyer shall agree not to disclose the content of the courseware or any
     information or documentation provided by the Seller in relation to training
     in whole or in part, to any third party without prior written consent of
     the Seller.

16.5. Training Engineering Support

     If requested by the Buyer and on terms to be agreed upon, the Seller shall
     assist the Buyer with the introduction of training programs at the Buyer's
     training center.

<PAGE>

16.6. Indemnities and Insurance

16.6.1. Indemnity and Insurance Relating to Ground Training

16.6.1.1 The Seller shall, except in case of wilful misconduct of the Buyer, its
     directors, officers, agents or employees, be solely liable for and shall
     indemnify and hold harmless the Buyer, its directors, officers, agents and
     employees from and against all liabilities, claims, damages, costs and
     expenses (including legal expenses and attorney fees) in respect of loss of
     or damage to the Seller's property and/or injury to or death of the
     directors, officers, agents or employees of the Seller and/or from and
     against all liabilities, claims, damages, costs and expenses (including
     legal expenses and attorney fees) for any damages caused by the Seller to
     third parties, caused by or in any way connected to the performance of the
     ground training services subject of this Agreement.

     The Buyer shall, except in case of wilful misconduct of the Seller, its
     directors, officers, agents or employees, be solely liable for and shall
     indemnify and hold harmless the Seller, its directors, officers, agents and
     employees from and against all liabilities, claims, damages, costs and
     expenses (including legal expenses and attorney fees) in respect of loss of
     or damage to the Buyer's property and/or injury to or death of the
     directors, officers, agents or employees of the Buyer and/or from and
     against all liabilities, claims, damages, costs and expenses (including
     legal expenses and attorney fees) for any damages caused by the Buyer to
     third parties, caused by or in any way connected with the performance of
     the ground training services subject of this Agreement.

16.6.1.2. For the purposes of this sub-Clause 16.6.1 "ground training services"
     include but are not limited to all training courses performed in classroom
     (classical or VACBI CBT courses), full flight simulator sessions, fixed
     base simulator sessions, field trips, provided under or in connection with
     the provisions of this Agreement.

16.6.2. Indemnity and Insurance relating to Training on Aircraft

16.6.2.1. The Buyer shall, except in the case of wilful misconduct of the
     Seller, its directors, officers, agents and employees, be solely liable for
     and shall indemnify and hold harmless the Seller from and against all
     liabilities, claims, damages, costs and expenses (including legal expenses
     and attorney fees) incident thereto or incident to successfully
     establishing the right to indemnification, for injury to or death of any
     person (including any of the Buyer's directors, officers, agents and
     employees utilizing such training services, but not directors, officers,
     agents and employees of the Seller) and/or for loss of or damage to any
     property and/or for loss of use thereof arising (including the aircraft on
     which the training services are performed), caused by or in any way
     connected to the performance of any training services defined in this
     Agreement.

     The foregoing indemnity shall not apply to legal liability to any person
     other than the Buyer, its directors, officers, agents or employees arising
     out of an accident caused solely by a product defect in the Aircraft
     delivered to and accepted by the Buyer hereunder.

<PAGE>

16.6.2.2. For the purposes of this sub-Clause 16.6.2. "training services"
     include but are not limited to all training courses, base flight training,
     line training, line assistance, flight, ferry flight, maintenance support,
     maintenance training (including On the Job Training and Hot Run-Up) or
     training support performed on aircraft, provided under or in connection
     with the provisions of this Agreement.

16.6.2.3. For all training periods on aircraft, after delivery, the Buyer shall
     cause the Seller, its subsidiaries, the associated contractors and
     sub-contractors and the assignees of each of the foregoing and their
     respective directors, officers, agents and employees to be named as
     additional insureds under all liability policies of the Buyer to the extent
     of the Buyer's undertaking set forth in sub-Clause 16.6.2.1. With respect
     to the Buyer's hull all risks and hull war risks insurances, the Buyer
     shall cause the insurers of the Buyer's hull insurance policies to waive
     all rights of subrogation against the Seller, its subsidiaries, the
     associated contractors and sub-contractors and the assignees of each of the
     foregoing and their respective directors, officers, agents and employees,
     to the extent of the Buyer's undertaking set forth in sub-Clause 16.6.2.1.

     Any applicable deductible shall be borne by the Buyer.

     With respect to the above policies, the Buyer shall furnish to the Seller,
     not less than seven (7) working days prior to the start of any such
     training period, certificates of insurance, in English language, evidencing
     the limits of liability cover and period of insurance in a form acceptable
     to the Seller from the Buyer's insurance brokers certifying that such
     policies have been endorsed as follows:

(I)  The Buyer's policies shall be primary and non-contributory to any insurance
     maintained by the Seller.

(II) Such insurance shall not become ineffective, cancelled, or coverage
     decreased or materially changed except on seven (7) days' prior written
     notice thereof to the Seller; and

(III) Under any such cover, all rights of subrogation against the Seller, its
     subsidiaries, each of the associated contractors and subcontractors, the
     assignees of each of the foregoing and their respective directors,
     officers, agents and employees, have been waived to the extent of the
     Buyer's undertaking and specifically referring to sub-Clause 16.6.2.1 and
     to this sub-Clause 16.6.2.3.

16.6.3. For the purposes of this sub-Clause 16.6, "the Seller and its
     subsidiaries" includes the Seller, Airbus Service Company, each of the
     associated contractors, and sub-contractors, the assignees of each of the
     foregoing, and their respective directors, officers, agents and employees.

16.6.4. If any claim is made or suit is brought against either party (or its
     respective directors, officers, agents or employees) for damages for which
     liability has been assumed by the other party in accordance with the
     provisions of this Agreement, the party against which a claim is so made or
     suit is so brought shall promptly give notice to the other party, and the
     latter shall (unless otherwise requested by the former party against which
     a claim is so made or suit is so brought, in which case the other party
     nevertheless shall have the right to) assume and conduct the defence
     thereof, or effect any settlement which it, in its opinion, deems proper.

<PAGE>

                            CLAUSE 16 - APPENDIX "A"

                         RECOMMENDED PILOT QUALIFICATION

                      IN RELATION TO TRAINING REQUIREMENTS

                              (TRANSITION COURSES)

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

-    FIRST OFFICER prerequisites

     -    Fluency in English

     -    500 hours minimum flying experience as pilot

     -    300 hours experience on FAR/JAR 25 aircraft

     -    200 hours flying experience as airline pilot or a corporate pilot or
          military pilot

-    CAPTAIN prerequisites

     -    Fluency in English

     -    1500 hours minimum flying experience as pilot

     -    1000 hours experience on FAR/JAR 25 aircraft

     -    200 hours experience as airline or corporate pilot

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

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

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

<PAGE>

                            CLAUSE 16 - APPENDIX "B"

                        LIST OF A319 MAINTENANCE COURSES

<TABLE>
<S>     <C>
JM01    GENERAL FAMILIARIZATION COURSE
JM02    RAMP SERVICING COURSE
JM35    LINE MECHANICS COURSE
JM45    LINE/BASE MECHANICS/ELECTRICS COURSE
JM52    LINE/BASE AVIONICS/ELECTRICS COURSE
JM42    LINE/BASE MECHANICS/ELECTRICS/AVIONICS COURSE
JM07    ENGINE RUN UP COURSE
JM09    MECHANICAL CONTROL RIGGING COURSE
JM10    CABIN INTERIOR & EMERGENCY EQUIPMENT
JM12    ON THE JOB PRACTICAL TRAINING
JM13    MAINTENANCE INITIAL OPERATING COURSE
JM18    MAINTENANCE ETOPS COURSE
JM20    AIDS MAINTENANCE COURSE
XM15    BASIC DIGITAL AND MICROPROCESSOR
JMG04   CARGO LOADING AND HANDLING COURSE
JMFT    FIELD TRIP
JMSIM   SIMULATOR SESSIONS
JMFMT   FIELD TRIP + SIMULATOR SESSIONS
JM11    METALLIC STRUCTURE MAINTENANCE
JM16    STRUCTURE NDT INSPECTION COURSE
JM17    COMPOSITE STRUCTURE REPAIR COURSE (SHOP LEVEL)
JM21    STRUCTURAL REPAIR COURSE FOR ENGINEERS
JM23    MATERIEL AND PROCESSES COURSE FOR ENGINEERS
</TABLE>

<PAGE>

                            CLAUSE 16 - APPENDIX "B"

                        LIST OF A320 MAINTENANCE COURSES

<TABLE>
<S>     <C>
EM01    GENERAL FAMILIARIZATION COURSE
EM02    RAMP SERVICING COURSE
EM35    LINE MECHANICS COURSE
EM45    LINE/BASE MECHANICS/ELECTRICS COURSE
EM52    LINE/BASE AVIONICS/ELECTRICS COURSE
EM42    LINE/BASE MECHANICS/ELECTRICS/AVIONICS COURSE
EM07    ENGINE RUN UP COURSE
EM09    MECHANICAL CONTROL RIGGING COURSE
EM10    CABIN INTERIOR & EMERGENCY EQUIPMENT
EM12    ON THE JOB PRACTICAL TRAINING
EM13    MAINTENANCE INITIAL OPERATING EXPERIENCE
EM18    MAINTENANCE ETOPS COURSE
EM20    AIDS MAINTENANCE COURSE
XM15    BASIC DIGITAL AND MICROPROCESSOR
EMG04   CARGO LOADING AND HANDLING COURSE
EMFT    FIELD TRIP
EMSIM   SIMULATOR SESSIONS
EMFMT   FIELD TRIP + SIMULATOR SESSIONS
EM11    METALLIC STRUCTURE MAINTENANCE
EM16    STRUCTURE NDT INSPECTION COURSE
EM17    COMPOSITE STRUCTURE REPAIR COURSE (SHOP LEVEL)
EM21    STRUCTURAL REPAIR COURSE FOR ENGINEERS
EM23    MATERIEL AND PROCESSES COURSE FOR ENGINEERS
</TABLE>

<PAGE>

                            CLAUSE 16 - APPENDIX "C"

                   LIST OF A319 OPERATIONS/PERFORMANCE COURSES

<TABLE>
<S>     <C>
JG01    MANAGEMENT SURVEY COURSE
JG02    PERFORMANCE ENGINEER COURSE
JG03    DISPATCHER TRANSITION COURSE
JG38    DISPATCHER TRANSITION AND ETOPS QUALIFICATION COURSE
JG06    BALANCE CHART DESIGN COURSE
JG07    LOAD MASTER TRANSITION COURSE
JG67    BALANCE CHART DESIGN AND LOAD MASTER TRANSITION COURSE
JG08    ETOPS QUALIFICATION DISPATCHER COURSE
</TABLE>

<PAGE>

                            CLAUSE 16 - APPENDIX "C"

                   LIST OF A320 OPERATIONS/PERFORMANCE COURSES

<TABLE>
<S>     <C>
EG01    MANAGEMENT SURVEY COURSE
EG02    PERFORMANCE ENGINEER COURSE
EG03    DISPATCHER TRANSITION COURSE
EG38    DISPATCHER TRANSITION AND ETOPS QUALIFICATION COURSE
EG06    BALANCE CHART DESIGN COURSE
EG07    LOAD MASTER TRANSITION COURSE
EG67    BALANCE CHART DESIGN AND LOAD MASTER TRANSITION COURSE
EG08    ETOPS QUALIFICATION DISPATCHER COURSE
</TABLE>

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
17-      VENDOR PRODUCT SUPPORT
17.1     Vendor Product Support Agreements
17.2     Vendor Compliance
</TABLE>

<PAGE>

17-  VENDOR PRODUCT SUPPORT

17.1 Vendor Product Support Agreements

17.1.1 The Seller has obtained product support agreements transferable to the
     Buyer from Vendors of Seller Furnished Equipment listed in the
     Specification.

17.1.2 These agreements are based on the "World Airlines Suppliers Guide" and
     include Vendor commitments as contained in the "Vendor Product Support
     Agreements" which include the following provisions:

17.1.2.1 Technical data and manuals required to operate, maintain, service and
     overhaul the Vendor items. Such technical data and manuals shall be
     prepared in accordance with the applicable provisions of ATA Specification
     100 and 101 in accordance with Clause 14 including revision service and be
     published in the English language. The Seller shall recommend that software
     data, supplied in the form of an Appendix to the Component Maintenance
     Manual, be provided in compliance with ATA Specification 102 up to level 3
     to protect Vendor's proprietary interest.

17.1.2.2 Warranties and guarantees including standard warranties. In addition,
     landing gear Vendor shall provide Service Life Policies for landing gear
     structure.

17.1.2.3 Training to ensure efficient operation, maintenance and overhaul of the
     Vendor's items for the Buyer's instructors, shop and line service
     personnel.

17.1.2.4 Spares data in compliance with ATA 200/2000 Specification, Initial
     Provisioning Recommendations, spare parts and logistic service including
     routine and emergency deliveries.

17.1.2.5 Technical service to assist the Buyer with maintenance, overhaul,
     repair, operation and inspection of Vendor items as well as required
     tooling and Spares provisioning.

17.2 Vendor Compliance

     The Seller shall monitor Vendor compliance with support commitments defined
     in the "Vendor Product Support Agreements" and shall take remedial action
     together with the Buyer if necessary.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
18-      BUYER FURNISHED EQUIPMENT AND DATA
18.1     Administration
18.2     Aviation Authorities' Requirements
18.3     Buyer's Obligation and Seller's Remedies
18.4     Title and Risk of Loss
</TABLE>

<PAGE>

18-  BUYER FURNISHED EQUIPMENT AND DATA

18.1 Administration

18.1.1 Without additional charge, the Seller shall provide for the installation
     of those items of equipment which are identified in the Specification as
     being furnished by the Buyer ("Buyer Furnished Equipment" or "BFE").

     The Seller shall advise the Buyer of the dates by which, in the planned
     release of engineering for the Aircraft, the Seller requires a written
     detailed engineering definition including the description of the dimensions
     and weight of BFE, the information related to its certification and
     information necessary for the installation and operation thereof. The Buyer
     shall furnish such detailed description and information by the dates so
     specified. Such information, dimensions and weights shall not thereafter be
     revised unless authorized by a SCN.

     The Seller shall also furnish in due time to the Buyer a schedule of dates
     and indication of shipping addresses for delivery of BFE and, where
     requested by the Seller, additional spare BFE to permit installation in the
     Aircraft and delivery of the Aircraft in accordance with the delivery
     schedule. The Buyer shall provide such equipment by such dates in a
     serviceable condition, in order to allow performance of any assembly, test,
     or acceptance process in accordance with the industrial schedule.

     The Buyer shall also provide, when requested by the Seller, at AEROSPATIALE
     Works in TOULOUSE (FRANCE) and / or at DAIMLER-BENZ AEROSPACE AIRBUS GmbH,
     Division Hamburger Flugzeugbau Works in HAMBURG (FEDERAL REPUBLIC OF
     GERMANY) adequate field service including support from BFE suppliers to act
     in a technical advisory capacity to the Seller in the installation,
     calibration and possible repair of any BFE.

18.1.2 The Seller shall be entitled to refuse any item of BFE which it considers
     incompatible with the Specification, the above mentioned engineering
     definition or the certification requirements.

18.1.3 The BFE shall be imported into FRANCE or into the FEDERAL REPUBLIC OF
     GERMANY by the Buyer under a suspensive customs system ("Regime de
     I'entrepot industriel pour fabrication coordonnee" or "Zollverschluss")
     without application of any French or German tax or customs duty, and shall
     be Delivered Duty Unpaid (DDU) according to the Incoterms definition.

     Shipping Addresses :

          AEROSPATIALE, Societe Nationale Industrielle

          316 Route de Bayonne

          31300 TOULOUSE
          FRANCE

<PAGE>

     or:

          DAIMLER-BENZ AEROSPACE AIRBUS GmbH
          Division Hamburger Flugzeugbau
          Kreetslag 10

          21129 HAMBURG

          FEDERAL REPUBLIC OF GERMANY

     as provided for in sub-Clause 18.1.

18.1.4 If the Buyer requests the Seller to supply directly certain items which
     are considered as BFE according to the Specification and if such request is
     notified to the Seller in due time in order not to affect the delivery date
     of the Aircraft, the Seller may agree to order such items subject to the
     execution of a SCN reflecting the effect on price, escalation adjustment,
     and any other conditions of the Agreement. In such a case the Seller shall
     be entitled to the payment of a reasonable handling charge and shall bear
     no liability in respect of delay and product support commitments for such
     items which shall be the subject of separate arrangements between the Buyer
     and the relevant vendor.

18.2 Aviation Authorities' Requirements

     The Buyer is responsible for, at its expenses, and warrants that BFE shall
     be manufactured by a qualified supplier, shall meet the requirements of the
     applicable Specification, shall comply with applicable requirements
     incorporated by reference to the Type Certificate and listed in the Type
     Certificate Data Sheet, shall be approved by the Aviation Authorities
     delivering the Certificate of Airworthiness for Export and by the Buyer's
     Aviation Authorities for installation and use on the Aircraft at the time
     of delivery of such Aircraft.

18.3 Buyer's Obligation and Seller's Remedies

18.3.1 Any delay or failure in complying with the foregoing warranty or in
     providing the descriptive information or service representatives mentioned
     in sub-Clause 18.1 or in furnishing the BFE in serviceable condition at the
     requested delivery date or in obtaining any required approval for such
     equipment under the above mentioned Aviation Authorities regulations may
     delay the performance of any act to be performed by the Seller, and cause
     the Final Price of the Aircraft to be adjusted in accordance with the
     updated delivery schedule and to include in particular the amount of the
     Seller's additional costs, attributable to such delay or failure such as
     storage, taxes, insurance and costs of out-of sequence installation.

<PAGE>

18.3.2 Further, in any such event, the Seller may:

     (i)  select, purchase and install an equipment similar to the involved one,
          in which event the Final Price of the affected Aircraft shall also be
          increased by the purchase price of such equipment plus reasonable
          costs and expenses incurred by the Seller for handling charges,
          transportation, insurance, packaging and if so required and not
          already provided for in the price of the Aircraft for adjustment and
          calibration; or

     (ii) if the BFE shall be so delayed by more than * days, or unapproved
          within * days deliver the Aircraft without the installation of such
          equipment, notwithstanding the terms of sub-Clause 7.1 insofar as it
          may otherwise have applied, and the Seller shall thereupon be relieved
          of all obligations to install such equipment The Buyer may also elect
          to have the Aircraft so delivered.

18.4 Title and Risk of Loss

     Title to and risk of loss of any BFE shall at all times remain with the
     Buyer. The Seller shall have only such responsibility for BFE as is
     provided for by law but shall not be liable for loss of use.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
19-      DATA RETRIEVAL
</TABLE>

<PAGE>

19-  DATA RETRIEVAL

     The Buyer shall provide the Seller, as the Seller may reasonably request,
     with all the necessary data pertaining to the operation of the Aircraft for
     an efficient and coordinated survey of all reliability, maintainability,
     operational and cost data with a view to improving the safety, availability
     and operational costs of the Aircraft.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
20-      TERMINATION
20.1     Termination for Insolvency
20.2     Termination for Non-Payment of Predelivery Payments
20.3     Termination for Failure to Take Delivery
20.4     General
</TABLE>

<PAGE>

20-  TERMINATION

20.1 Termination for Insolvency

     In the event that either the Seller or the Buyer:

     (a)  makes a general assignment for the benefit of creditors or becomes
          insolvent;

     (b)  files a voluntary petition in bankruptcy;

     (c)  petitions for or acquiesces in the appointment of any receiver,
          trustee or similar officer to liquidate or conserve its business or
          any substantial part of its assets;

     (d)  commences under the laws of any competent jurisdiction any proceeding
          involving its insolvency, bankruptcy, reorganisation, readjustment of
          debt, dissolution, liquidation or any other similar proceeding for the
          relief of financially distressed debtors;

     (e)  becomes the object of any proceeding or action of the type described
          in (c) or (d) above and such proceeding or action remains undismissed
          or unstayed for a period of at least * days; or

     (f)  is divested of a substantial part of its assets for a period of at
          least * days,

     then the other party may, to the full extent permitted by law, by written
     notice, terminate all or part of this Agreement.

20.2 Termination for Non-Payment of Predelivery Payments

     If for any Aircraft the Buyer fails to make any predelivery payments at the
     time, in the manner and in the amount specified in sub-Clause 5.2.1 the
     Seller may, by written notice, terminate all or part of this Agreement with
     respect to undelivered Aircraft.

20.3 Termination for Failure to Take Delivery

     If the Buyer fails to comply with its obligations as set forth under Clause
     8 and/or Clause 9, or fails to pay the Final Price of the Aircraft, * the
     Seller shall have the right to put the Buyer on notice to do so within a
     period of * working days after the date of such notification.

     If the Buyer has not cured such default within such period, the Seller may,
     by written notice, terminate all or part of this Agreement with respect to
     undelivered Aircraft.

     All costs referred to in sub-Clause 9.4.1 and relating to the period
     between the delivery date and the date of termination of all or part of
     this Agreement shall be borne by the Buyer.

<PAGE>

20.4 GENERAL

20.4.1 To the full extent permitted by law, the termination of all or part of
     this Agreement, pursuant to sub-Clauses 20.1, 20.2 and 20.3 shall become
     effective immediately upon receipt by the relevant party of the notice of
     termination sent by the other party without it being necessary for either
     party to take any further action or to seek any consent from the other
     party or any court having jurisdiction.

20.4.2 The right for either party under sub-Clause 20.1 and for the Seller under
     sub-Clauses 20.2 and 20.3 to terminate all or part of this Agreement shall
     be without prejudice to any other rights and remedies available to such
     party to seek termination of all or part of this Agreement before any court
     having jurisdiction pursuant to any failure by the other party to perform
     its obligations under this Agreement.

20.4.3 If the party taking the initiative of terminating this Agreement decides
     to terminate part of it only, the notice sent to the other party shall
     specify the number of Aircraft, services, data and other items undelivered
     or unfurnished on the date of such termination for which such partial
     termination shall be effective.

20.4.4 In the event of termination of this Agreement following a default from
     the Buyer, including but not limited to a default under sub-Clauses 20.1,
     20.2 and 20.3, the Seller, without prejudice to any other rights and
     remedies available under this Agreement or by law, shall retain an amount
     equal to all predelivery payments, deposits, option fees and any other
     monies paid by the Buyer to the Seller under this Agreement and
     corresponding to the Aircraft, services, data and other items covered by
     such termination.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE      TITLE
------      -----
<S>      <C>
21-      ASSIGNMENT
</TABLE>

<PAGE>

21-  ASSIGNMENT

     This Agreement shall be deemed personal to the parties hereto and the
     rights and/or obligations induced shall not be assigned ("cession"),
     novated ("novation"), delegated ("delegation"), sold or transferred in any
     manner, in whole or in part, by either party without the prior written
     consent of the other party, such consent not to be unreasonably withheld.

     Any assignment made without such consent shall be of no effect whatsoever
     as between the parties hereto, except that the Seller shall have the right
     to transfer its rights and/or its obligations hereunder to any of its
     majority owned subsidiaries or to its successors or assigns without the
     consent of the Buyer.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
22-      MISCELLANEOUS PROVISIONS
22.1     Notices
22.2     Waiver
22.3     Interpretation and Law
22.4     Alteration to Contract
22.5     Language
22.6     Confidentiality
22.7     General
</TABLE>

<PAGE>

22-  M1SCELLANEOUS PROVISIONS

22.1 Notices

     All notices and requests required or authorized hereunder shall be given in
     writing either by personal delivery to an authorized representative of the
     party to whom the same is given or by registered mail (return receipt
     requested) or by telegraph or cable and the date upon which any such notice
     or request is so personally delivered or if such notice or request is given
     by registered mail, telegraph or cable, the date upon which it is received
     by the addressee shall be deemed to be the effective date of such notice or
     request.

     Seller's address for notices is:

          AIRBUS INDUSTRIE
          Attn. to V.P. Contracts

          1 Rond-Point Maurice Bellonte

          31707 BLAGNAC CEDEX
          FRANCE

     Buyer's address for notice is:

          TAM

          Rue Monsenhor Antonio Pepe 94

          SAO PAULO
          BRAZIL

     or such other address or such other person as the party receiving the
     notice or request may reasonably designate from time to time.

<PAGE>

22.2 Waiver

     The failure of either party to enforce at any time any of the provisions of
     this Agreement, or to exercise any option herein provided, or to require at
     any time performance by the other party of any of the provisions hereof,
     shall in no way be construed to be a present or future waiver of such
     provisions nor in any way to affect the validity of this Agreement or any
     part thereof or the right of the other party thereafter to enforce each and
     every such provision. The express waiver (whether one (1) or several times)
     by either party of any provision, condition or requirement of this
     Agreement shall not constitute a waiver of any future obligation to comply
     with such provision, condition or requirement.

22.3 Interpretation and Law

     This Agreement shall be governed by and construed and performance thereof
     shall be determined in accordance with the Laws of France.

     In the event of a dispute arising from the interpretation performance or
     breach of this Agreement, said dispute shall fall within the exclusive
     jurisdiction of the French Courts and only the Laws of France shall be
     applicable.

     In the event that any provision of this Agreement should for any reason be
     held ineffective, the remainder of this Agreement shall remain in full
     force and effect.

     Clause and sub-Clause headings used in this Agreement are for convenient
     reference only and shall not affect the Agreement's interpretation.

22.4 Alterations to Contract

     This Agreement contains the entire agreement between the parties and
     supersedes any previous understandings, commitments or representations
     whatsoever oral or written. This Agreement shall not be varied except by an
     instrument in writing of date even herewith or subsequent hereto executed
     by both parties or by their duly authorized representatives.

22.5 Language

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

     This Agreement has been executed in two (2) original copies which are in
     English.

<PAGE>

22.6 Confidentiality

     This Agreement including any Exhibits, or other documents related hereto
     shall be treated by both parties as confidential and shall not be released
     in whole or in part to any third party except as may be required by law, or
     to professional advisors for the purpose of implementation hereof. 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 hereto.

22.7 General

     The Buyer and the Seller agree that this Agreement is an international
     supply contract which has been the subject of discussion and negotiation,
     that all its terms and conditions are fully understood by the parties, and
     that the price of the Aircraft and the other mutual agreements of the
     parties set forth herein were arrived at in consideration of, inter alia,
     all the provisions hereof specifically including all waivers, releases and
     renunciations by the Buyer set out herein.

IN WITNESS WHEREOF this Agreement was entered into the day and year first above
written.

For and on behalf of                    For and on behalf of

TAM -                                   AIRBUS INDUSTRIE
TRANSPORTES AEREOS REGIONAIS

/s/                                     /s/
-------------------------------------   ----------------------------------------
Name:                                   Name:
Title:                                  Title:
       ------------------------------          ---------------------------------

/s/                                     /s/
-------------------------------------   ----------------------------------------
Name:                                   Name:
Title:                                  Title:
       ------------------------------          ---------------------------------

<PAGE>

                                   EXHIBIT "A"

The A319-100 and A320-200 Standard Specification are contained in a separate
folder.

<PAGE>

                             [Four Pages redacted]

                                       *

<PAGE>

                                   EXHIBIT "B"

                                   S.C.N. FORM

<PAGE>

AIRBUS INDUSTRIE
(AIRBUS INDUSTRIE LOGO)
SPECIFICATION CHANGE NOTICE   SCN Number _________
                              Issue ______________
(SCN)                         Dated ______________
                              Page: 1 of 3

Title:
       ------------------------------
Description:
             ------------------------

EFFECT ON WEIGHT
     Manufacturer's Weight Empty Change ..:
     Operational Weight Empty Change .....:
     Allowable Payload Change ............:

REMARKS/ REFERENCES

     Responds to RFC

Specification changed by this SCN

This SCN requires prior or concurrent acceptance of the following SCN(s):

PRICE PER AIRCRAFT

US DOLLARS:

AT DELIVERY CONDITIONS:

This change will be effective on _____ AIRCRAFT No _____ and subsequent _____

Provided approval is received by _____________________________

Buyer approval                          Seller approval
               ----------------------                    -----------------------

<PAGE>

AIRBUS INDUSTRIES
(AIRBUS INDUSTRIES LOGO)
SPECIFICATION CHANGE NOTICE   SCN Number ___________
                              Issue ________________
(SCN)                         Dated ________________
                              Page: 2 of 3

SPECIFICATION REPERCUSSION:

     After contractual agreement with respect to weight, performance, delivery,
etc. the indicated part of the specification wording will read as follows:

<PAGE>

AIRBUS INDUSTRIE
(AIRBUS INDUSTRIE LOGO)
SPECIFICATION CHANGE NOTICE   SCN Number ____________
                              Issue _________________
(SCN)                         Dated _________________
                              Page: 3 of 3

SCOPE OF CHANGE (FOR INFORMATION ONLY)

<PAGE>

                                   EXHIBIT "C"

                               SERVICE LIFE POLICY

                           ITEMS OF PRIMARY STRUCTURE

<PAGE>

                           SELLER SERVICE LIFE POLICY

1.   The Items covered by the Service Life Policy pursuant to sub-Clause 12.2
     are those Seller Items of primary and auxiliary structure described
     hereunder.

2.   WINGS - CENTER AND OUTER WING BOX

2.1  Spars

2.2  Ribs inside the wing box

2.3  Upper and lower panels of the wing box

2.4  Fittings

2.4.1 Attachment fittings for the flap structure

2.4.2 Attachment fittings for the engine pylons

2.4.3 Attachment fittings for the main landing gear

2.4.4 Attachment fittings for the center wing box

2.5  Auxiliary Support Structure

2.5.1 For the slats:

2.5.1.1 Ribs supporting the track rollers on wing box structure

2.5.1.2 Ribs supporting the actuators on wing box structure

2.5.2 For the ailerons:

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

2.5.2.2 Actuator fittings on wing box rear spar or shroud box

2.5.3 For airbrakes, spoilers, lift dumpers:

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

2.5.3.2 Actuator fittings on wing box rear spar or shroud box

<PAGE>

3.   FUSELAGE

3.1  Fuselage structure

3.1.1 Fore and aft bulkheads

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

3.1.3 Skins with doubters, stringers and frames from the forward pressure
     bulkheads to the frame supporting the rear attachment of horizontal
     stabilizer

3.1.4 Window and windscreen attachment structure but excluding transparencies

3.1.5 Passenger and cargo doors internal structure

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

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

3.1.8 Keel beam structure

3.2  Fittings

3.2.1 Landing gear attachment fittings

3.2.2 Support structure and attachment fittings for the vertical and horizontal
     stabilizers

<PAGE>

4.   STABILIZERS

4.1  Horizontal Stabilizer Main Structural Box

4.1.1 Spars

4.1.2 Ribs

4.1.3 Upper and lower skins and stringers

4.1.4 Attachment fittings to fuselage and trim screw actuator

4.1.5 Elevator support structure

4.1.5.1 Hinge bracket

4.1.5.2 Servocontrol attachment brackets

4.2  Vertical Stabilizer Main Structural Box

4.2.1 Spars

4.2.2 Ribs

4.2.3 Skins and stringers

4.2.4 Attachment fittings to fuselage

4.2.5 Rudder support structure

4.2.5.1 Hinge brackets

4.2.5.2 Servocontrol attachment brackets

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

<PAGE>

                                   EXHIBIT "D"

                                     MANUALS

<PAGE>

                                LIST OF DOCUMENTS

The following identifies the Technical Publications provided in support of the
Aircraft. The explanation of the table is as follows:

MANUAL DESIGNATION               Self explanatory.

ABBREVIATED DESIGNATION (Abbr)   Self explanatory.

FORM

     AC   APERTURE CARD. Refers to 35mm film contained on punched aperture
          cards.

     F    MICROFILM. Refers to 16mm roll film in 3M type cartridges.

     MF   MASTER FILM. Refers to thick diazo film suitable for further
          reproduction.

     MP   MASTER PAPER. Refers to manuals in paper with print on one (1) side of
          the sheet, no folded pages. No punching, highly contrasted, suitable
          for further reproduction or filming.

     P1   PRINTED ONE SIDE. Refers to manuals in paper with print on one (1)
          side of the sheets only.

     P2   PRINTED BOTH SIDES. Refers to manuals with print on both sides of the
          sheets.

     DD   DIGITAL DATA. Data format of deliverables depends on Aircraft model
          and data, for more details please refer to the document "Digital
          Deliverable Status".

<PAGE>

TYPE

     C    CUSTOMIZED. Refers to manuals which are applicable to an individual
          Airbus customer/operator fleet or aircraft.

     G    GENERIC. Refers to manuals which are applicable to a whole group of
          Airbus customers for all aircraft types/models/series.

     E    ENVELOPE. Refers to manuals which are applicable to a whole group of
          Airbus customers for a specific aircraft type/model/series.

     P    PRELIMINARY. Refers to preliminary data or manuals which may consist
          of either:

          -    one-time issue not maintained by revision service, or

          -    preliminary issues maintained by revision service until final
               manual or data delivery, or

          -    supply of best available data under final format with progressive
               completion through revision service.

ATA  Reference to manuals established with reference to ATA Specification No
     100:

     The manuals responding to ATA Specification No 100 shall be essentially in
     accordance with revision:

     21 for Aircraft Models A310, A300-600

     23 for Aircraft Model A319, A320, A321

     26 for Aircraft Model A330, A340

QUANTITY (Qty)     Self explanatory.

DELIVERY (Deliv)   Manual delivery refers to scheduled delivery dates and is
                   expressed in either the number of corresponding days prior to
                   first Aircraft delivery, or nil (0) corresponding to the
                   first delivery day.

                   The number of days indicated shall be rounded up to the next
                   regular revision release date.

<PAGE>

<TABLE>
<CAPTION>
MANUAL DESIGNATION                Abbr   Form   Type   ATA   Qty    Deliv
------------------                ----   ----   ----   ---   ---   -------
<S>                               <C>    <C>    <C>    <C>   <C>   <C>
1. OPERATIONAL MANUALS AND DATA
Quick Reference Handbook          QRH    P2     C      NO    *        90
                                                                   per A/C
Flight Crew Operating Manual      FCOM   P2     C      NO    *        90
                                                                   per A/C
Flight Manual                     FM     P1     C      NO    *        0
                                                                   per A/C
Master Minimum Equipment List     MMEL   P2     C      NO    *      90***
Performance Engineer's Programs   PEP    DD     C      NO    *      90*
Performance Programs Manual       PPM    P2     C      NO    *      90
Weight and Balance Manual         WMB    P1     C      YES   *       0***
</TABLE>

*    ONLY ONE FORM IS SUPPLIED

**   WEIGHING EQUIPMENT LIST DELIVERED A FORTNIGHT AFTER AIRCRAFT DELIVERY

***  PLUS ONE COPY PER AIRCRAFT AT DELIVERY

<PAGE>

<TABLE>
<CAPTION>
MANUAL DESIGNATION                Abbr   Form   Type   ATA   Qty   Deliv
------------------                ----   ----   ----   ---   ---   -----
<S>                               <C>    <C>    <C>    <C>   <C>   <C>
2. MAINTENANCE AND ASSOCIATED
MANUALS
APU Build-up Manual               ABM    P2     E      NO    *     90
Aircraft Maintenance Manual       AMM    DD     C      YES   *     90
                                         P2     C      YES
Component Location Manual         CLM    P2     C      NO    *     90
Aircraft Time Limits/             TLMC   P2     C      YES   *     90
Maintenance Checks
Aircraft Schematics Manual        ASM    P1     C      YES   *     90
Aircraft Wiring Manual            AWM    P1     C      YES   *     90
Aircraft Wiring Lists             AWL    F      C      YES   *     90***
Electrical Standard Practices     ESP    P      G      YES   *     90
Consumable Material List          CML    P2     G      YES   *     90
Duct Repair Manual                DRM    P2     E      NO    *     90
Fuel Pipe Repair Manual           FPRM   P2     G      NO    *     90
Illustrated Parts Catalog         IPC    DD     C      YES   *     90*
(Airframe)                               P1
Illustrated Parts Catalog         PIPC   F      C      NO    *     90**
(Power Plant)
</TABLE>

*    Issue date to be coordinated with Initial Provisioning Data delivery
     included in EXHIBIT "E" Spare Parts Procurement.

**   Supplied by Propulsion System Manufacturer 90 days prior to first Aircraft
     delivery or concurrent with the first spare Quick Engine Change (QEC) kit
     delivery, whichever first applies (NOT APPLICABLE TO A330 WITH PRATT AND
     WHITNEY ENGINES).

***  Wiring List can also be delivered in ATA format SGML as of 1998

<PAGE>

<TABLE>
<CAPTION>
MANUAL DESIGNATION                Abbr   Form   Type   ATA   Qty   Deliv
------------------                ----   ----   ----   ---   ---   -----
<S>                               <C>    <C>    <C>    <C>   <C>   <C>
2. MAINTENANCE AND ASSOCIATED
MANUALS (continued)
Technical Publications            TPCI   DD     E      NO    *       90
Combined Index
Illustrated Tool and Equipment    TEM    P2     E      YES   *      360
Manual
Maintenance Facility Planning     MFP    P2     E      NO    *       90
Maintenance Planning Document     MPD    P2     E      NO    *      360
Power Plant Build-up Manual       PBM    P2     C      YES   *       90*
Support Equipment Summary         SES    P1     G      NO    *      360
Tool and Equipment Drawings       TED    AC     E      NO    *      360
Tool and Equipment Index          TEI    P2     E      NO    *      360
Tool and Equipment Bulletins      TEB    P1     E      NO    *       90
Trouble Shooting Manual           TSM    DD     C      NO    *       90
                                         P2     C      NO    *       90
</TABLE>

*    Supplied by Propulsion System Manufacturer 90 days prior to first Aircraft
     delivery or concurrent with the first spare Quick Engine Change (QEC) kit
     delivery, whichever first applies (NOT APPLICABLE TO A330 WITH PRATT AND
     WHITNEY ENGINES).

<PAGE>

<TABLE>
<CAPTION>
MANUAL DESIGNATION              Abbr   Form   Type   ATA   Qty   Deliv
------------------              ----   ----   ----   ---   ---   -----
<S>                             <C>    <C>    <C>    <C>   <C>   <C>
3.   STRUCTURAL MANUALS
     Nondestructive Testing     NTM    P2     E      YES   *     90
     Manual
     Structural Repair Manual   SRM    P2     E      YES   *     90
                                       F      E      YES   *     90
     Power Plant Structural     PSRM   P2     E      YES   *     90****
     Repair Manual                     F      E      YES   *     90****

4.   OVERHAUL DATA
     Component Documentation    CDS    P2     C      NO    *     180
     Status                            D      C      NO    *     180
     Component Evolution List   CEL    P2     G      NO    *     **
     Cable Fabrication Manual   CFM    P2     E      NO    *     90
     Component Maintenance      CMMM   P2     E      YES   *     180*****
     Manual Manufacturer               F      E      YES   *     180
     Component Maintenance      CMMV   P2     E      YES   *     180***
     Manual Vendor
</TABLE>

*    Optional

**   Optional Delivered as follow-on for CDS

***  Supplied by Vendors

**** Supplied by Propulsion System Manufacturer

***** The selection, form, Type and quantities shall be further discussed.

<PAGE>

<TABLE>
<CAPTION>
MANUAL DESIGNATION               Abbr   Form   Type   ATA   Qty   Deliv
------------------               ----   ----   ----   ---   ---   -----
<S>                              <C>    <C>    <C>    <C>   <C>   <C>
5.   ENGINEERING DOCUMENTS
     Installation and Assembly   IAD    AC     C      NO    *       0
     Drawings
     Parts Usage (Effectivity)   PU     F      E      NO    *       0
     Schedule (Drawing           S      F      E      NO    *       0
     Nomenclature)
     Drawing Numerical Index     DNI    P1     C      NO    *       0
     Process and Material        PMS    F      G      NO    *       0
     Specification
     Standards Manual            SM     F      G      NO    *       0
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
MANUAL DESIGNATION                Abbr   Form   Type   ATA   Qty   Deliv
------------------                ----   ----   ----   ---   ---   -----
<S>                               <C>    <C>    <C>    <C>   <C>   <C>
6.   MISCELLANEOUS PUBLICATIONS
     Airplane Characteristics     AC     P2     E      NO     *     360
     for Airport Planning
     Aircraft Recovery Manual     ARM    P2     E      YES    *     90
     Cargo Loading System         CLS    P2     E      NO     *     180
     Manual
     Crash Crew Chart             CCC    P1     E      NO     *     180
     List of Radioactive and      LRE    P1     G      NO     *     90
     Hazardous Elements
     List of Applicable           LAP    P2     C      NO     *     90
     Publications
     Livestock Transportation     LTM    P2     E      NO     *     90*
     Manual
     Service Bulletins            SB     P2     C      YES    *     0
                                         F      E      YES    *     90
     Service Information          SIL    P1     E      YES    *     0
     Letters
     Transportability Manual      TM     P1     G      NO     *     90
     Vendor Information Manual    VIM    D      G      NO     *     360
     Vendor Information Manual    VIM/   P2     G      NO     *     360
     GSE                          GSE
     Vendor Product Support       VPSA   P2     E      NO     *     360
     Agreements
</TABLE>

*    SPECIFIC REQUEST

<PAGE>

                                   EXHIBIT "E"

                             SPARE PARTS PROCUREMENT

<PAGE>

                             SPARE PARTS PROCUREMENT

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSE   TITLE
------   -----
<S>      <C>
  1      GENERAL
  2      INITIAL PROVISIONING
  3      CENTRAL STORE
  4      DELIVERY
  5      PRICE
  6      PAYMENT PROCEDURES AND CONDITIONS
  7      TITLE
  8      PACKAGING
  9      DATA RETRIEVAL
  10     BUY-BACK
  11     WARRANTIES
  12     SELLER PARTS LEASING
  13     TERMINATION OF THE SPARES PROCUREMENT COMMITMENTS
</TABLE>

<PAGE>

1.   GENERAL

1.1  This Exhibit covers the terms and conditions for the material support
     offered by the Seller to the Buyer with respect to material (hereinafter
     referred to as "Material") specified within the following categories:

     a.   Seller Parts (Seller's Proprietary Material bearing an official part
          number of the Seller or Material for which the Seller has the
          exclusive sales rights);

     b.   Vendor Parts classified as Rotable Line Replacement Units;

     c.   Vendor Parts classified as Expendable Line Maintenance Parts;

     d.   Ground Support Equipment (GSE) and Special (To Type) Tools;

     e.   Hardware and standard material;

     Rotable Line Replacement Units as specified in sub-Clauses 1.1.a and 1.1.b
     above having less than * flight-hours are considered as new.

     Material covered under sub-Clause 1.1.e above when being part of Initial
     Provisioning shall only be supplied as a packaged kit.

     In addition, this Exhibit "E" establishes the general terms and conditions
     under which the Buyer may lease certain Seller Parts as defined in Appendix
     A to Clause 12 of this Exhibit "E" for the Buyer's use on its Aircraft in
     commercial air transport service.

1.2  Scope of Material Support

     The Material support to be provided hereunder by the Seller covers all
     items classified as Material in sub-Clause 1.1 for Initial Provisioning and
     sub-Clauses 1.1.a thru 1.1.d for replenishment under the conditions
     detailed in this Exhibit "E".

1.2.1 Engine, nacelles, quick engine change unit and thrust reverser accessories
     and parts, including associated parts, are not covered under this Exhibit
     "E" and shall be subject to direct agreements between the Buyer and the
     relevant Propulsion Systems Manufacturer. The Seller shall use its
     reasonable efforts to assist the Buyer in case of any difficulties with
     availability of Propulsion Systems and associated spare parts.

<PAGE>

1.2.2 During a period commencing on the date hereof and continuing for as long
     as at least * A320 model aircraft are operated by airlines in commercial
     air transport Service (the "Term"), the Seller shall maintain or have
     maintained such stock of Seller Parts as is deemed reasonable by the Seller
     and shall furnish at reasonable prices Seller Parts adequate to meet the
     Buyer's needs for repairs and replacements upon the Aircraft. Such Seller
     Parts shall be sold and delivered in accordance with Clauses 4 and 5 of
     this Exhibit "E" upon receipt of the Buyer's orders.

                                       *

1.3  Agreements of the Buyer

1.3.1 The Buyer agrees to purchase from the Seller the Seller Parts required for
     the Buyer's own needs during the Term, provided that the provisions of this
     sub-Clause 1.3 shall not in any way prevent the Buyer from resorting to the
     Seller Parts stocks of other airlines operating the same Aircraft or from
     purchasing Seller Parts from said airlines, or from distributors or
     dealers, provided said Seller Parts have been designed and manufactured by,
     or obtained from, the Seller.

1.3.2 The Buyer may manufacture or have manufactured for its own use *, or may
     purchase from any other source whatsoever, parts equivalent to Seller
     Parts:

1.3.2.1 after expiration of the Term if at such time the Seller Parts are out of
     stock,

1.3.2.2 at any time, to the extent Seller Parts are needed to effect AOG repairs
     upon any Aircraft delivered under the Agreement and are not available from
     the Seller within a lead time shorter than or equal to the time in which
     the Buyer can provide such Seller Parts, and provided the Buyer shall not
     sell such Seller Parts,

1.3.2.3 in the event that the Seller fails to fulfil its obligations with
     respect to any Seller Parts pursuant to sub-Clause 1.2 of this Exhibit "E"
     within a reasonable time after written notice thereof from the Buyer,

1.3.2.4 in those instances where a Seller Part is identified as "Local
     Manufacture" in the Illustrated Parts Catalog (IPC).

1.3.3 The rights granted to the Buyer in sub-Clause 1.3.2 of this Exhibit "E"
     shall not in any way be construed as a licence, nor shall they in any way
     obligate the Buyer to the payment of any licence fee or royalty, nor shall
     they in any way be construed to affect the rights of third parties.

1.4  Meanings

     Words and expressions shall have the same meanings when used in this
     Exhibit "E" as when used in the rest of the Agreement except where the
     contrary is stated herein.

<PAGE>

2.   INITIAL PROVISIONING

     The Initial Provisioning Period referred to in this Exhibit "E" shall mean
     the period up to and expiring on the * day after delivery of the last
     Aircraft subject to firm order under the Agreement.

2.1  Seller - Supplied Data

     The Seller shall prepare and supply to the Buyer the following documents.

2.1.1 Initial Provisioning Data

     Initial Provisioning Data provided for the A300, A300-600 and A310 in
     Specification ATA 200, Chapter 2A (Revision 10) format, for the A319, A320
     and A321, A330 and A340 in Specification 2000, Chapter 1, fixed or variable
     format ("the Initial Provisioning Data") shall be supplied by the Seller to
     the Buyer in form, format and a time-scale to be mutually agreed upon
     during the Pre-Provisioning Meeting as described in sub-Clause 2.3 of this
     Exhibit "E".

     Revision Service shall be assured every * days, up to the end of the
     Initial Provisioning Period, or until the configuration of the Buyer's
     delivered Aircraft is included.

     In any event, the Seller shall ensure that Initial Provisioning Data are
     released to the Buyer in due time to allow the necessary Buyer's evaluation
     time and the on-time delivery of ordered Material.

2.1.2 Supplementary Data

     The Seller shall provide the Buyer with Local Manufacture Tables (X-File),
     as part of the IPC (Additional Cross Reference Tables) which shall be a
     part of the Initial Provisioning Data Package.

2.1.3 Initial Provisioning Data for Exercised Options

2.1.3.1 All Aircraft for which the Buyer exercises its option shall be included
     into the revision of the provisioning data that is issued after execution
     of the relevant amendment to the Agreement if such revision is not
     scheduled to be issued within * weeks from the date of execution. If the
     execution date does not allow * weeks preparation time for the Seller, the
     concerned Aircraft shall be included in the subsequent revision as may be
     mutually agreed upon.

<PAGE>

2.1.3.2 The Seller shall, from the date of execution of the relevant amendment
     to the Agreement until * months after delivery of each Aircraft, submit to
     the Buyer details of particular Vendor components being installed on each
     Aircraft, with recommendation of order quantity. A list of such components
     shall be supplied at the time of the provisioning data revision as
     specified above.

2.1.3.3 The Seller shall deliver to the Buyer T-files for particular components
     as applicable and in due time to allow the Buyer's planning of repair and
     overhaul tasks.

2.1.3.4 The data with respect to Material at the time of each Aircraft delivery
     shall at least cover such Aircraft's technical configuration as it existed
     * months prior to Aircraft delivery and shall be updated to reflect the
     final build status of the concerned Aircraft. Such update shall be included
     in the data revisions issued * months after delivery of such Aircraft.

2.2  Vendor-Supplied Data

2.2.1 General

     The Seller shall obtain from Vendors agreements to prepare and issue for
     their own products T-files in the English language, for those components
     for which the Buyer has elected to receive data.

     Said data (initial issue and revisions) shall be transmitted to the Buyer
     through the Seller. The Seller shall review the compliance of such data
     with the relevant ATA requirements but shall not be responsible for the
     substance of such data. Such data should be adequate to enable the Buyer to
     undertake in-house repair/overhaul of such components.

     In any event, the Seller shall exert its reasonable efforts to supply
     Initial Provisioning Data to the Buyer in due time to allow the necessary
     Buyer's evaluation time and on-time deliveries.

2.2.2 Initial Provisioning Data

     Initial Provisioning Data for Vendor Parts as per sub-Clause 1.1.b of this
     Exhibit "E" described in Specification 2000, Chapter 1, fixed or variable
     format, shall be furnished as mutually agreed upon during a
     Pre-Provisioning Meeting with revision service assured up to the end of the
     Initial Provisioning period, or until it reflects the configuration of the
     Buyer's delivered Aircraft.

<PAGE>

2.3  Pre-Provisioning Meeting

2.3.1 The Seller shall organize a Pre-Provisioning Meeting at its materiel
     support centre in HAMBURG, FEDERAL REPUBLIC OF GERMANY (hereinafter
     referred to as "the Materiel Support Centre") for the purpose of
     formulating an acceptable schedule and working procedure to accomplish the
     initial provisioning of Material.

2.3.2 The date of the meeting shall be mutually agreed upon, but it shall take
     place no later than * months after the Agreement shall have come into
     effect and no later than * months before delivery of the Buyer's first
     Aircraft.

2.4  Initial Provisioning Training

     An Initial Provisioning Training can be provided by the Seller for the
     Buyer's provisioning and purchasing staff. The following areas shall be
     covered:

2.4.1 The Buyer shall be familiarized with the provisioning documents by the
     Seller during the Pre-Provisioning Meeting.

2.4.2 The technical function as well as the necessary technical and commercial
     Initial Provisioning Data shall be explained during the Initial
     Provisioning Conference.

2.4.3 A familiarization with the Seller's purchase order administration system
     shall be conducted during a separate session within the Initial
     Provisioning Conference.

2.5  Initial Provisioning Conference

     The Seller shall organize an Initial Provisioning Conference at the
     Materiel Support Centre including Vendor participation as agreed upon
     during the Pre-Provisioning Meeting.

<PAGE>

2.6  Initial Provisioning Data Compliance

2.6.1 Initial Provisioning Data generated by the Seller and supplied to the
     Buyer shall comply with the latest configuration of the Aircraft to which
     such data relate as known * months before the date of issue. Said data
     shall enable the Buyer to order Material conforming to its Aircraft as
     required for maintenance and overhaul.

     This provision shall not cover:

     -    parts embodying Buyer's modifications not known to the Seller,

     -    parts embodying modifications not agreed to by the Seller.

2.6.2 During the Initial Provisioning Period the Seller shall supply Material as
     defined in sub-Clause 1.1 of this Exhibit "E" ordered from the Seller which
     shall be in conformity with the configuration standard of the affected
     Aircraft and with the Initial Provisioning Data transmitted by the Seller.
     Should the Seller default in this obligation, it shall immediately replace
     such parts and/or authorize return shipment at no transportation cost to
     the Buyer. The Buyer shall make * efforts to minimize such costs,
     particularly by using its own airfreight system for transportation

                                       *

<PAGE>

2.7  Delivery of Initial Proyisionina Material

2.7.1 In order to support the operation of the Aircraft, the Seller shall use
     its reasonable efforts to deliver Material ordered during the Initial
     Provisioning Period (the "Initial Provisioning Material") against the
     Buyer's orders and according to the following schedule, provided the
     Buyer's orders have been placed within * days after receipt of the Seller's
     provisioning data, and not later than * months before delivery of the
     corresponding Aircraft,

2.7.1.1 at least * percent * of the ordered quantity of each Rotable Line
     Replacement Unit or Expendable Line Maintenance Part * months before
     delivery of the corresponding Aircraft,

2.7.1.2 at least * percent * of the ordered quantity of each Rotable Line
     Replacement Unit or Expendable Line Maintenance Part * month (for items
     identified as line station items * months) before delivery of corresponding
     Aircraft,

2.7.1.3 * percent * of the ordered quantity of each item except as specified in
     sub-Clauses 2.7.1.1 and 2.7.1.2 of this Exhibit "E", at delivery of the
     first Aircraft.

2.7.1.4 * percent * of the ordered quantity of each item, including line station
     items, three (3) months after delivery of the last Aircraft. If said *
     percent * cannot be accomplished, the Seller shall endeavour to have such
     items available at its facilities for Seller Parts as per sub-Clause 1.1.a
     of this Exhibit "E" or its Vendors' facilities for parts as per sub-Clauses
     1.1.b through 1.1.e of this Exhibit "E" for immediate supply in case of an
     AOG,

2.7.1.5 The above percentages apply only to that portion of the quantity ordered
     that is recommended for the number of Aircraft operated during the * months
     that follow first Aircraft delivery.

2.7.2 The Buyer may, subject to the Seller's agreement, cancel or modify Initial
     Provisioning orders placed with the Seller with no cancellation charge,

     -    for "Long Lead Time Material" (leadtime exceeding * months) not later
          than * months before scheduled delivery of said Material,

     -    for normal lead time Material not later than * months before scheduled
          delivery of said Material,

     -    for Buyer's specific Material and Material as per sub-Clauses 1.1.b
          thru 1.1.e of this Exhibit "E" not later than the quoted leadtime
          before scheduled delivery of said Material.

2.7.3 In the event of the Buyer cancelling or modifying (without any liability
     of the Seller for the cancellation or modification) any orders for Material
     outside the time limits defined in sub-Clause 2.7.2 of this Exhibit "E",
     the Buyer shall reimburse the Seller for any costs incurred in connection
     therewith.

<PAGE>

2.7.4 All transportation costs for the return of Material under this Clause 2,
     including any insurance, customs and duties applicable or other related
     expenditures, shall be borne by the *

2.8  Commercial Offer

     The prices of Initial Provisioning Material are in general those mentioned
     in Clause 5 of this Exhibit "E".

     At the end of the Initial Provisioning Conference, the Seller shall, at the
     Buyer's request, submit a Commercial Offer for all Material mutually agreed
     as being Initial Provisioning based on the Seller's sales prices valid at
     the time of finalization of the Initial Provisioning Conference. This
     Commercial Offer shall be valid for a period to be mutually agreed upon,
     irrespective of any price changes for Seller Parts during this period,
     except for significant error and/or for price alterations due to part
     number changes and/or for Vendor price changes.

<PAGE>

3.   CENTRAL STORE

3.1  Central Store

     The Seller has set up at HAMBURG, FEDERAL REPUBLIC OF GERMANY and shall
     maintain or cause to be maintained during the Term a central store of
     Seller Parts at its Materiel Support Centre.

3.2  Operation of Central Store

     The Materiel Support Centre is operated twenty-four (24) hours/day and
     seven (7) days/week.

3.3  Alternative Delivery Places

     The Seller reserves the right to effect deliveries from distribution
     centres other than the Materiel Support Centre or from any designated
     production or Vendors' facilities.

<PAGE>

4.   DELIVERY

4.1  General

     Buyer purchase orders are administered in accordance with ATA Specification
     2000 Chapter 3.

     For the sake of clarification it is expressly stated that the provisions of
     sub-Clause 4.2 do not apply to Initial Provisioning Data and Material as
     described in Clause 2 of this Exhibit "E".

4.2  Lead times

     In general the lead times are in accordance with the provisions of the
     "World Airline Suppliers' Guide" (Edition 1988).

4.2.1 Seller Parts as per sub-Clause 1.1.a of this Exhibit "E" listed in the
     Seller's Spare Parts Price List can be dispatched within the lead times
     defined in the Spare Parts Price List.

     Lead times for Seller Parts which are not published in the Seller's Spare
     Parts Price List are quoted upon request.

4.2.2 Material of sub-Clauses 1.1.b through 1.1.d of this Exhibit "E" can be
     dispatched within the Vendor's/Supplier's lead time augmented by the
     Seller's own order and delivery processing time.

     Material of sub-Clause 1.1.e of this Exhibit "E" when on stock and subject
     to prior sale can be dispatched within ten (10) days from receipt of a
     Buyer purchase order.

4.2.3 Expedite Service

     The Seller shall provide a twenty-four (24) hours-a-day, seven (7)
     days-a-week Expedite Service to provide for the supply of the relevant
     Seller Parts available in the Seller's stock, workshops and assembly line
     including long lead time spare parts, to the international airport nearest
     to the location of such part ("the Expedite Service").

     The Expedite Service is operated in accordance with the "World Airline
     Supplier's Guide", and the Seller shall notify the Buyer of the action
     taken to satisfy the expedite within:

     -    * hours after receipt of an AOG Order,

     -    * hours after receipt of a Critical Order (imminent AOG or work
          stoppage),

     -    * days after receipt of an Expedite Order from the Buyer.

<PAGE>

     The Seller shall deliver Seller Parts requested on an Expedite basis
     against normal orders placed by the Buyer, or upon telephone or telex
     requests by the Buyer's representatives. Such telephone or telex requests
     shall be confirmed by subsequent Buyer's orders for such Seller Parts
     within a reasonable time.

4.3  Delivery Status

     The Seller agrees to report to the Buyer the status of supplies against
     orders on a monthly basis.

4.4  Excusable Delay

     Sub-Clause 10.1 of the Agreement shall apply for the material support.

4.5  Shortages, Overshipments, Non-Conformance in Orders

4.5.1 The Buyer shall immediately and not later than * days after receipt of
     Material delivered pursuant to a purchase order advise the Seller:

     a)   of any alleged shortages or overshipments with respect to such order,

     b)   of all non-conformance to specification of parts in such order
          subjected to inspections by the Buyer.

     In the event of the Buyer not having advised the Seller of any such alleged
     shortages, overshipments or non-conformance within the above defined
     period, the Buyer shall be deemed to have accepted the deliveries.

4.5.2 In the event of the Buyer reporting overshipments or non-conformance to
     the specifications within the period defined in sub-Clause 4.5.1 of this
     Exhibit "E" the Seller shall, if accepted, either replace the concerned
     Material or credit the Buyer for the returned Material. In such case,
     transportation costs shall be borne by the Seller.

     The Buyer shall endeavour to minimize such costs, particularly through the
     use of its own airfreight system for transportation at no charge to the
     Seller.

4.6  Cessation of Deliveries

     The Seller reserves the right to stop or otherwise suspend deliveries if
     the Buyer fails to meet its obligations defined in Clauses 6 and 7 of this
     Exhibit "E".

<PAGE>

5.   PRICE

5.1  The Material prices shall be:

5.1.1 * the Materiel Support Centre for deliveries from the Materiel Support
     Centre.

5.1.2 * place specified by the Seller for deliveries from other Seller or
     Vendor facilities as the term * is defined by the publication No 460 of the
     International Chamber of Commerce published in April 1990.

5.2  The prices shall be the Seller's sales prices in effect on the date of
     receipt of the order (subject to reasonable quantities and delivery time)
     and shall be expressed in US-Dollars.

5.2.1 Prices of Seller Parts shall be in accordance with the current Seller's
     Spare Parts Price List. Prices shall be firm for each calendar year. The
     Seller, however, reserves the right to revise the prices of said parts
     during the course of the calendar year in the following cases:

     -    significant revision in manufacturing costs,

     -    significant revision in manufacturer's purchase price of parts or
          materials (including significant variation of exchange rates),

     -    significant error in estimation or expression of any price.

5.2.2 Prices of Material as defined in sub-Clauses 1.1.b thru 1.1.d of this
     Exhibit "E" shall be the valid list prices of the supplier augmented by the
     Seller's handling charge. The percentage of the handling charge shall vary
     with the Material's value and shall be determined item by item.

5.2.3 The Seller warrants that, should the Buyer purchase * percent (*%) of the
     recommended Initial Provisioning Package of the Material as defined in sub-
     Clauses 1.1.b thru 1.1.d of this Exhibit "E" through the Seller, the
     average handling charge on the total package shall not exceed *%)

     This average handling charge shall apply when all orders are received by
     the Seller not later than * months before first Aircraft delivery.

     When these orders are received by the Seller less than * months before
     first Aircraft delivery, the average handling charge shall be increased to
     * percent *%).

5.2.4 Prices of Material as defined in sub-Clause 1.1.e of this Exhibit "E"
     shall be the Seller's purchase prices augmented by a variable percentage of
     handling charge.

<PAGE>

6.   PAYMENT PROCEDURES AND CONDITIONS

6.1  Payment shall be made in immediately available funds in the quoted
     currency. In case of payment in any other free convertible currency the
     exchange rate valid at the day of actual money transfer shall be applied
     for conversion.

6.2  Payment shall be made by the Buyer to the Seller within * days from date of
     the invoice to the effect that the value date of the credit to the Seller's
     account of the payment falls within this * day period.

6.3  The Buyer shall make all payments hereunder to the Seller's account,
     No 473323H with:

     BANQUE PARIBAS TOULOUSE
     24, rue de Metz
     31000 TOULOUSE
     FRANCE

     or as otherwise directed by the Seller.

6.4  All payments due to the Seller hereunder shall be made in full without
     set-off, counterclaim, deduction or withholding of any kind. Consequently,
     the Buyer shall procure that the sums received by the Seller under this
     Exhibit "E" shall be equal to the full amounts expressed to be due to the
     Seller hereunder, without deduction or withholding on account of and free
     from any and all taxes, levies, imposts, dues or charges of whatever nature
     except that if the Buyer is compelled by law to make any such deduction or
     withholding the Buyer shall pay such additional amounts as may be necessary
     in order that the net amount received by the Seller after such deduction or
     withholding shall equal the amounts which would have been received in the
     absence of such deduction or withholding.

6.5  If any payment due to the Seller is not received in accordance with the
     timescale provided in sub-Clause 6.2 of this Exhibit "E", the Seller shall
     have the right to claim from the Buyer and the Buyer shall promptly pay to
     the Seller interest on the unpaid amount at a rate equal to the London
     Interbank Offered Rate (LIBOR) rate for * months deposits in US Dollars (as
     published in the Financial Times on the due date) plus * percent * to be
     calculated from the due date until the date the payment is received by the
     Seller. Claiming such interest shall not prejudice any other rights the
     Seller may have under this Exhibit "E".

6.6  Credit Assurance

     The Seller and the Buyer agree that the Seller has the right to request and
     the Buyer shall upon such request provide the Seller with sufficient
     financial means in due time in order to assure the Seller of full payment
     of the Buyers' current and/or expected payment obligations.

6.6.1 The Sellers' right to request credit assurance from the Buyer shall be
     limited to the following cases:

<PAGE>

6.6.1.1 The Seller has received purchase orders from the Buyer for Initial
     Provisioning Material.

6.6.1.2 The Seller has received purchase and/or service orders exceeding the
     Buyer's average * months turnover with the Seller.

6.6.1.3 The Buyer is indebted to the Seller for overdue invoices.

6.6.2 The Seller shall accept the following financial means as credit assurance:

6.6.2.1 Irrevocable and confirmed letter of credit, raised by banks of
     international standing and reputation. The conditions of such letter of
     credit shall be pertinent to Aircraft support activities and shall be set
     forth by the Seller.

6.6.2.2 Bank guarantee raised by banks of international standing and reputation.
     The conditions of such bank guarantee shall be mutually agreed upon prior
     to acceptance by the Seller.

6.6.2.3 Stand-by letter of credit raised by banks of international standing and
     reputation. The conditions of such letter of credit shall be mutually
     agreed upon prior to acceptance by the Seller.

<PAGE>

7.   TITLE

     Title to any Material purchased under this Exhibit "E" remains with the
     Seller until full payment of the invoices and any interest thereon have
     been received by the Seller.

     The Buyer shall undertake that Material, title to which has not passed to
     the Buyer, shall be kept free from any debenture or mortgage or any similar
     charge or claim in favour of any third party.

<PAGE>

8.   PACKAGING

     All Material shall be packaged in accordance with ATA 300 Specification,
     Category III for consumable/expendable material and Category II for
     rotables. Category I containers shall be used if requested by the Buyer and
     the difference between Category I and Category II packaging costs shall be
     paid by the Buyer together with payment for the respective Material.

<PAGE>

9.   DATA RETRIEVAL

     The Buyer undertakes to provide periodically to the Seller, as the Seller
     may request during the Term, a quantitative list of the parts used for
     maintenance and overhaul of the Aircraft. The range and contents of this
     list shall be established by mutual agreement between the Seller and the
     Buyer.

<PAGE>

10.  BUY-BACK

10.1 Buy-Back of Obsolete Material

     The Seller agrees to buy back unused Seller Parts which may become obsolete
     before * to the Buyer as a result of mandatory modifications required by
     the Buyer's or Seller's Aviation Authorities, subject to the following:

10.1.1 The Seller Parts involved shall be those which the Buyer is directed by
     the Seller to scrap or dispose of and which cannot be reworked or repaired
     to satisfy the revised standard.

10.1.2 The Seller shall credit to the Buyer the purchase price paid by the Buyer
     for any such obsolete parts, provided that the Seller's liability in this
     respect does not extend to quantities in excess of the Seller's Initial
     Provisioning recommendation.

10.1.3 The Seller shall use its reasonable efforts to obtain for the Buyer the
     same protection from Vendors.

10.2 Buy-Back of Surplus Material

10.2.1 The Seller agrees that at any time after * and within * years after
     delivery of the first Aircraft to the Buyer, the Buyer shall have the right
     to return to the Seller, at a credit of * percent (*%) of the original
     purchase price paid by the Buyer, unused and undamaged Material as per sub-
     Clause 1.1.a of this Exhibit "E" and at a credit of * percent (*%) of the
     original Vendor list price, unused and undamaged Material as per sub-Clause
     1.1.b of this Exhibit "E" originally purchased from the Seller under the
     terms hereof, provided that the selected protection level does not exceed *
     % with a turn-around-time of * days and said Material was recommended for
     the Buyer's purchase in the Seller's Initial Provisioning recommendations
     to the Buyer and does not exceed the provisioning quantities recommended by
     the Seller, and is not shelflife limited, or does not contain any shelflife
     limited components with less than *% shelflife remaining when returned to
     the Seller and provided that the Material is returned with the Seller's
     original documentation (tag, certificates).

10.2.2 In the event of the Buyer electing to procure Material in excess of the
     Seller's recommendation, the Buyer shall so notify the Seller in writing,
     with due reference to the present Clause. The Seller's agreement in writing
     is necessary before any Material in excess of the Seller's recommendation
     shall be considered for buy-back.

10.2.3 It is expressly understood and agreed that the rights granted to the
     Buyer under this sub-Clause 10.2 shall not apply to Material which may
     become surplus to requirements due to obsolescence at any time or for any
     reason other than those set forth in sub-Clause 10.1 above.

10.2.4 Further, it is expressly understood and agreed that all credits described
     in this sub-Clause 10.2 shall be provided by the Seller to the Buyer
     exclusively by means of credit notes to be entered into the Buyer's spares
     account with the Seller.

<PAGE>

10.3 All transportation costs for the return of obsolete or surplus Material
     under this Clause 10, including any insurance and customs duties applicable
     or other related expenditures, shall be borne by the *

10.4 The Seller's obligation to buy back surplus Material is conditioned upon
     the Buyer reasonably demonstrating that items proposed for buy-back were in
     excess of the Buyer's requirements after the initial purchase of such
     items.

     The Seller shall accept as a reasonable demonstration of such excess
     initial purchase by the Buyer if the data submitted to the Seller in
     compliance with the provisions of Clause 9 of this Exhibit "E" indicate
     that the items proposed for buy-back are surplus to the Buyer's
     requirements.

<PAGE>

11.  WARRANTIES

11.1 Seller Parts

     Subject to the limitations and conditions as hereinafter provided, the
     Seller warrants to the Buyer that all Seller Parts in sub-Clause 1.1.a of
     this Exhibit "E" shall at the time of delivery to the Buyer:

     (i)  be free from defects in material,

     (ii) be free from defects in workmanship, including without limitation
          processes of manufacture,

     (iii) be free from defects arising from failure to conform to the
          applicable specification for such part.

11.2 Warranty Period

     The Standard Warranty period for Seller Parts is * months after delivery of
     such parts to the Buyer.

11.3 Buyer's Remedy and Seller's Obligation

     The Buyer's remedy and Seller's obligation and liability under this Clause
     11 are limited to the repair, replacement or correction, at the Seller's
     expense and option, of any Seller Parts which is defective.

     The Seller may equally at its option furnish a credit to the Buyer for the
     future purchase of Seller Parts equal to the price at which the Buyer is
     then entitled to acquire a replacement for the defective Seller Parts.

     The provisions of sub-Clauses 12.1.5 thru 12.1.10 of the Agreement shall
     apply to this Clause 11 of this Exhibit E.

<PAGE>

11.4 WAIVER, RELEASE AND RENUNCIATION

     THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND REMEDIES OF
     THE BUYER SET FORTH IN THIS CLAUSE 11 ARE EXCLUSIVE AND IN SUBSTITUTION
     FOR, AND THE BUYER HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER
     WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND RIGHTS, CLAIMS
     AND REMEDIES OF THE BUYER AGAINST THE SELLER, EXPRESS OR IMPLIED, ARISING
     BY LAW OR OTHERWISE, WITH RESPECT TO ANY NONCONFORMITY OR DEFECT IN ANY
     COMPONENT, EQUIPMENT, ACCESSORY OR PART THEREOF DELIVERED UNDER THIS
     AGREEMENT, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF
     MERCHANTABILITY OR FITNESS, ANY IMPLIED WARRANTY ARISING FROM COURSE OF
     PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE, ANY OBLIGATION,
     LIABILITY, RIGHT, CLAIM OR REMEDY IN CONTRACT OR IN TORT, WHETHER OR NOT
     ARISING FROM THE SELLER'S NEGLIGENCE, ACTUAL OR IMPUTED, AND ANY
     OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OR DAMAGE TO ANY
     AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY OR PART THEREOF, FOR LOSS OF USE,
     REVENUE OR PROFIT WITH RESPECT TO ANY AIRCRAFT, COMPONENT, EQUIPMENT,
     ACCESSORY OR PART THEREOF, OR FOR ANY OTHER DIRECT, INCIDENTAL OR
     CONSEQUENTIAL DAMAGES, PROVIDED THAT IN THE EVENT THAT ANY OF THE AFORESAID
     PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR OTHERWISE INEFFECTIVE
     THE REMAINDER OF THIS SUB-CLAUSE 11.4 SHALL REMAIN IN FULL FORCE AND
     EFFECT.

<PAGE>

12.  SELLER PARTS LEASING

12.1 Applicable Terms

     The terms and conditions of this Clause 12 shall apply to the list of
     Seller Parts in Appendix A to this Clause 12 entitled:

                      "Seller Parts Available for Leasing",

     hereinafter, "Leased Parts" or a "Leased Part" and shall form a part of
     each lease of Seller Parts by the Buyer from the Seller after the date
     hereof. Except for the identification of:

     -    the Leased Part,

     -    the Leased Part return location,

     -    the Lease Term,

     -    the Lease Charges,

     all other terms and conditions appearing on any order form or other
     document pertaining to Leased Parts shall be deemed inapplicable, and in
     lieu thereof the terms and conditions of this Clause 12 shall prevail. For
     the purposes of this Clause 12, the term "Lessor" refers to the Seller and
     the term "Lessee" refers to the Buyer.

     Parts not included in Appendix A to this Clause 12 shall be the subject of
     a separate lease agreement supplied by the Seller at the Buyer's request.

12.2 Leasing Procedure

     At the Lessee's request by telephone (to be confirmed promptly in writing),
     telegram, letter or other written instrument, the Lessor shall lease such
     Leased Parts, which shall be made available in accordance with sub-Clause
     4.2.3 of this Exhibit "E", to the Lessee for the purpose of being
     substituted for a part withdrawn from an Aircraft for repair or overhaul.
     Each lease of Leased Parts shall be evidenced by a lease document
     (hereinafter the "Lease") issued by the Lessor to the Lessee no later than
     * days after delivery of the Leased Part.

<PAGE>

12.3 Lease Term

     The term of the lease (hereinafter the "Lease Term") shall commence on the
     date of dispatch of the Leased Part to the Lessee or the Lessee's agent at
     the Lessor's facility and shall end on the date falling * days after such
     delivery, unless extended by written agreement between the Lessor and the
     Lessee within such * day period. Notwithstanding the foregoing, the Lease
     Term shall end in the event of, and upon the date that, the Lessee
     acquiring title to a Leased Part as a result of exercise of the Lessee's
     option to purchase the Leased Part, as provided for herein.

12.4 Lease Charges and Taxes

     Lessee shall pay Lessor:

     (a)  a daily rental charge for the Lease Term for each Leased Part equal

                                        *

     (b)  any reasonable additional costs which may be incurred by the Lessor as
          a direct result of such Lease, such as inspection, test, repair,
          overhaul and repackaging costs as required to place the Leased Part in
          a satisfactory condition for lease to a subsequent customer,

     (c)  all transportation and insurance charges and

     (d)  any taxes, charges or custom duties imposed upon the Lessor or its
          property as a result of the Lease, sale, delivery, storage or transfer
          of any Leased Part. All payments due hereunder shall be made in
          accordance with Clause 6 of this Exhibit "E".

     In the event of the Leased Part not having been returned to the Lessor's
     designated facilities within the time period provided for in sub-Clause
     12.3 of this Exhibit "E", the Lessor shall be entitled, in addition to any
     other remedy it may have by law or under this Clause 12, to charge to the
     Lessee, and the Lessee shall pay, all of the charges in this sub-Clause
     12.4 accruing for each day after the end of the Lease Term that such Leased
     Part is not returned to the Lessor as though the Lease Term were extended
     for the period of such delay.

12.5 Title

     Title to each Leased Part shall remain with the Lessor at all times unless
     the Lessee exercises its option to purchase in accordance with sub-Clause
     12.8 of this Exhibit "E" in which case title shall pass to the Lessee upon
     receipt by the Lessor of the payment for the purchased Leased Part.

<PAGE>

12.6 Risk of Loss

     Except for normal wear and tear, each Leased Part shall be returned to the
     Lessor in the same condition as when delivered to the Lessee. However, the
     Lessee shall not without the Lessor's prior written consent repair, modify
     or alter any Leased Part. Risk of loss or damage to each Leased Part shall
     remain with the Lessee until such Leased Part is redelivered to the Lessor
     at the return location specified in the applicable Lease. If a Leased Part
     is lost or damaged beyond repair, the Lessee shall be deemed to have
     exercised its option to purchase the part in accordance with sub-Clause
     12.8 of this Exhibit "E" as of the date of such loss or damage.

12.7 Record of Flight Hours

     All flight hours accumulated by the Lessee on each Leased Part during the
     Lease Term shall be documented by the Lessee. Records shall be delivered to
     the Lessor upon return of such Leased Part to the Lessor. In addition, all
     documentation pertinent to inspection, maintenance and/or rework of the
     Leased Part as maintained serviceable in accordance with the standards of
     the Lessor shall be delivered to the Lessor upon return of the Leased Part
     to the Lessor on termination of the Lease.

     Such documentation shall include but not be limited to evidence of
     incidents such as hard landings, abnormalities of operation and corrective
     action taken by the Lessee as a result of such incidents.

12.8 Option to Purchase

12.8.1 The Lessee may at its option exercisable by written notice given to the
     Lessor during the Lease Term, elect to purchase the Leased Part, in which
     case the then current purchase price for such Leased Part as set forth in
     the Seller's Spare Parts Price List shall be paid by the Lessee to the
     Lessor. Such option shall be contingent upon the Lessee providing the
     Lessor with evidence satisfactory to the Lessor that the original part
     fitted to the Aircraft is beyond economical repair. Should the Lessee
     exercise such option, * percent, *%) of the Lease rental charges already
     invoiced pursuant to sub-Clause 12.4.a of this Exhibit "E" shall be
     credited to the Lessee against the said purchase price of the Leased Part.

12.8.2 Should the Lessee fail to return the Leased Part to the Lessor at the end
     of the Lease Term and if the Lessor so elects, by giving prompt written
     notice to the Lessee, such failure shall be deemed to be an election by the
     Lessee to purchase the Leased Part, and upon the happening of such event
     the Lessee shall pay the Lessor all amounts due under sub-Clause 12.4 of
     this Exhibit "E" for the Leased Part up to the date of such written notice
     by the Lessor plus the purchase price of the Leased Part current at the
     commencement of the Lease Term.

<PAGE>

12.8.3 In the event of purchase, the Leased Part shall be warranted in
     accordance with Clause 11 of this Exhibit "E" as though such Leased Part
     were a spare part, but the Warranty Period shall be deemed to have
     commenced on the date such part was first installed on any aircraft;
     provided, however, that in no event shall such Warranty Period be less than
     * months from the date of purchase of such Leased Part. A warranty granted
     under this sub-Clause 12.8.3 shall be in substitution for the warranty
     granted under sub-Clause 12.9 of this Exhibit "E" at the commencement of
     the Lease Term.

12.9 Warranties

12.9.1 The Lessor warrants that each Leased Part shall at the time of delivery
     thereof:

     a)   conform to the applicable specification for such part,

     b)   be free from defects in material and,

     c)   be free from defects in workmanship, including without limitation
          processes of manufacture.

12.9.2 Survival of Warranties

     With respect to each Leased Part:

     (i)  the warranty set forth in sub-Clause 12.9.1.a of this Exhibit "E"
          shall not survive delivery and

     (ii) the warranties set forth in sub-Clauses 12.9.1.b and 12.9.1.C of this
          Exhibit "E" shall survive delivery only upon the conditions and
          subject to the limitations set forth in sub-Clauses 12.9.3 thru 12.9.8
          of this Exhibit "E".

12.9.3 Warranty and Notice Periods

     The Lessee's remedy and the Lessor's obligation and liability under this
     sub-Clause 12.9, with respect to each defect, are conditioned upon:

     (i)  the defect having become apparent to the Lessee within the Lease Term
          and

     (ii) the Lessor's Warranty Administrator having received written notice of
          the defect from the Lessee within * days after the defect becomes
          apparent to the Lessee.

<PAGE>

12.9.4 Return and Proof

     The Lessee's remedy and the Lessor's obligation and liability under this
     sub-Clause 12.9, with respect to each defect, are also conditioned upon:

     a)   the return by the Lessee as soon as practicable to the return location
          specified in the applicable Lease, or such other place as may be
          mutually agreed upon, of the Leased Part claimed to be defective and

     b)   the submission by the Lessee to the Lessor's warranty administrator of
          reasonable proof that the claimed defect is due to a matter embraced
          within the Lessor's warranty under this sub-Clause 12.9 and that such
          defect did not result from any act or omission of the Lessee,
          including but not limited to any failure to operate or maintain the
          Leased Part claimed to be defective or the Aircraft in which it was
          installed in accordance with applicable governmental regulations and
          the Lessor's applicable written instructions.

12.9.5 Remedies

     The Lessee's remedy and the Lessor's obligation and liability under this
     sub-Clause 12.9 with respect to each defect are limited to the repair of
     such defect in the Leased Part in which the defect appears, or, as mutually
     agreed, to the replacement of such Leased Part with a similar part free
     from defect.

     Any replacement part furnished under this sub-Clause 12.9.5 shall for the
     purpose of this Exhibit "E" be deemed to be the Leased Part so replaced.
     Suspension and Transportation Costs

12.9.6 Suspension and Transportation Costs

12.9.6.1 If a Leased Part is found to be defective and covered by this warranty,
     the Lease Term and the Lessee's obligation to pay rental charges as
     provided for in sub-Clause 12.4.a of this Exhibit "E" shall be suspended
     from the date on which the Lessee notifies the Lessor of such defect until
     the date on which the Lessor has repaired, corrected or replaced the
     defective Leased Part, provided, however, that the Lessee has, promptly
     after giving such notice to the Lessor, withdrawn such defective Leased
     Part from use. If the defective Leased Part is replaced, such replaced part
     shall be deemed to no longer be a Leased Part under the Lease as of the
     date on which such part was received by the Lessor at the return location
     specified in the applicable Lease.

     If a Leased Part is found to be defective on first use by the Lessee and is
     covered by this Warranty, no rental charges as provided in sub-Clause
     12.4.a of this Exhibit "E" shall accrue and be payable by the Lessee until
     the date on which the Lessor has repaired, corrected or replaced the
     defective Leased Part.

12.9.6.2 All transportation and insurance costs of returning the defective
     Leased Part and returning the repaired, corrected or replacement part to
     the Lessee shall be borne by the *

<PAGE>

12.9.7 Wear and Tear

     Normal wear and tear and the need for regular maintenance and overhaul
     shall not constitute a defect or non-conformance under this sub-Clause
     12.9.

12.9.8 Waiver, Release and Renunciation

     THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE LESSOR AND REMEDIES OF
     THE LESSEE SET FORTH IN THIS SUB-CLAUSE 12.9 ARE EXCLUSIVE AND IN
     SUBSTITUTION FOR, AND THE LESSEE HEREBY WAIVES, RELEASES AND RENOUNCES ALL
     OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE LESSOR AND RIGHTS,
     CLAIMS AND REMEDIES OF THE LESSEE AGAINST THE LESSOR, EXPRESS OR IMPLIED,
     ARISING BY LAW OR OTHERWISE, WITH RESPECT TO ANY NON CONFORMANCE OR DEFECT
     IN ANY LEASED PART DELIVERED UNDER THESE LEASING CONDITIONS OR ANY LEASE,
     INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF MERCHANTABILITY OF
     FITNESS, ANY IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OF
     DEALING OR USAGE OF TRADE, ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR
     REMEDY IN CONTRACT OR IN TORT, WHETHER OR NOT ARISING FROM THE LESSOR'S
     NEGLIGENCE, ACTUAL OR IMPUTED, AND ANY OBLIGATION, LIABILITY, RIGHT, CLAIM
     OR REMEDY FOR LOSS OF OR DAMAGE TO ANY AIRCRAFT OR LEASED PART, FOR LOSS OF
     USE, REVENUE OR PROFIT WITH RESPECT TO ANY AIRCRAFT OR LEASED PART, OR ANY
     LIABILITY OF THE BUYER TO ANY THIRD PARTY OR FOR ANY OTHER DIRECT,
     INCIDENTAL OR CONSEQUENTIAL DAMAGES PROVIDED THAT IN THE EVENT THAT ANY OF
     THE AFORESAID PROVISIONS SHOULD FOR ANY REASON BE HELD UNLAWFUL OR
     OTHERWISE INEFFECTIVE THE REMAINDER OF THIS SUB-CLAUSE 12.9.8 SHALL REMAIN
     IN FULL FORCE AND EFFECT.

<PAGE>

                    APPENDIX "A" TO CLAUSE 12 OF EXHIBIT "E"

                       SELLER PARTS AVAILABLE FOR LEASING

AILERONS
APU DOORS
CARGO DOORS
PASSENGER DOORS
ELEVATORS
FLAPS
LANDING GEAR DOORS
RUDDER
TAIL CONE
WING SLATS
SPOILERS
AIRBRAKES
WING TIPS
WINGLETS

<PAGE>

13   TERMINATION OF SPARES PROCUREMENT COMMITMENTS

13.1 In the event of the Agreement being terminated with respect to any Aircraft
     due to causes provided for in Clauses 10, 11 or 20 of the Agreement, such
     termination may also affect the terms of this Exhibit "E" to the extent set
     forth in sub-Clause 13.2 below.

13.2 Any termination under Clauses 10, 11 or 20 of the Agreement shall discharge
     all obligations and liabilities of the parties hereunder with respect to
     such undelivered spare parts, services, data or other items to be purchased
     hereunder which are applicable to those Aircraft for which the Purchase
     Agreement has been terminated. Unused spare parts in excess of the Buyer's
     requirements due to such Aircraft cancellation shall be repurchased by the
     Seller as provided for in sub-Clause 10.2 of this Exhibit "E"

<PAGE>

LETTER AGREEMENT No 1

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

                                        *

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer") and AIRBUS INDUSTRIE ("the
Seller) have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A320 Family Aircraft as described in the
Agreement.

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

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

<PAGE>

                               [2 pages redacted]

                                        *

<PAGE>

LETTER AGREEMENT 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

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------

Date: March 19, 1998

<PAGE>

LETTER AGREEMENT NO 2

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

SUBJECT: A319-100 PERFORMANCE GUARANTEES

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer") and AIRBUS INDUSTRIE ("the
Seller") have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A319 Aircraft as described in the Agreement.

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

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

<PAGE>

LETTER AGREEMENT NO 2

1.   AIRCRAFT CONFIGURATION

     The guarantees defined below ("the Guarantees") are applicable to the
     A319-100 Aircraft as described in the Standard Specification referenced J
     000 01000 Issue 3 dated 29th March 1995 plus Temporary Revision No 1 dated
     25th August 1995 and amended by Specification Change Notices ("SCNs") for:

     i)   increase of the design weights to:
          Maximum Take-off Weight  : 75,500 kg
          Maximum Landing Weight   : 62,500 kg
          Maximum Zero Fuel Weight : 58,500 kg

     ii)  installation of International Aero Engines (IAE) V2524-A5 engines

     hereinafter referred to as "the Specification", and without taking into
     account any further changes thereto as provided in the Agreement.

2.   MISSION FUEL BURN GUARANTEE

     The Aircraft carrying a fixed payload of * over a still air stage distance
     of 500 nautical miles under the conditions defined below, the Seller
     guarantees that the trip fuel of the Aircraft shall be not more than *.

2.1. The departure airport conditions and the destination airport conditions are
     such as to allow the required take-off weight and landing weight to be used
     without restriction.

2.2. Fixed allowances of * of fuel and of * minutes of time are assumed for
     take-off and initial climb to * pressure altitude with acceleration to
     climb speed.

2.3. Climb from * pressure altitude up to cruise altitude using maximum climb
     thrust, cruise at a pressure altitude of * at a * cruise Mach number not
     less than * and descent to * pressure altitude are conducted in conditions.
     Speeds below * pressure altitude shall be * CAS.

2.4. Fixed allowances of * of fuel and of * minutes of time are assumed for
     approach and landing at destination.

2.5. The stage distance is defined as the distance covered during climb, cruise
     and descent as described in the paragraph 2.3 above.

     The flight time is defined as the time spent during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 2.2, 2.3 and 2.4 above.

     The trip fuel is defined as the fuel burnt during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 2.2, 2.3 and 2.4 above.

<PAGE>

LETTER AGREEMENT NO 2

2.6. At the end of approach and landing * of usable fuel shall remain in the
     tanks. This fixed allowance represents the estimated fuel required for:

     a)   Contingency fuel: * flight time

     b)   Missed approach at destination, followed by a diversion in *
          conditions over an equivalent still air stage distance of * nautical
          miles, starting and ending at * pressure altitude

     c)   Holding for * ft pressure altitude in ISA+10 degrees C conditions

     d)   Approach and landing at alternate.

2.7. The mission fuel burn guarantee is based on a fixed estimated Operating
     Weight Empty (OWE) of *

3.   MISSION PAYLOAD GUARANTEE

     The Aircraft shall be capable of carrying a guaranteed payload not less
     than * over a still air stage distance of 206 nautical miles (assumed
     representative of the mission CGH to SDU with a 6 kt tailwind) under the
     conditions defined below.

3.1. The departure airport conditions are as follows (assumed representative of
     CGH runway 35L):
          Pressure altitude:
          Temperature:
          Available Take-off Run (TOR):
          Available Take-off Distance (TOD):
          Available Accelerate-Stop Distance (ASD):        *
          Runway Slope:
          Wind:
          Obstacles (height / distance from end of TOR):

     The destination airport conditions are as follows (assumed representative
     of SDU runway 20L):
          Pressure altitude
          Temperature
          Available Landing Distance (LDA)   *
          Runway Slope
          Wind

3.2. Fixed allowances of * kg of fuel and of * minutes of time are assumed for
     take-off and initial climb to * above departure airport pressure altitude
     with acceleration to climb speed.

<PAGE>

LETTER AGREEMENT NO 2

3.3. Climb from * above departure airport pressure altitude up to cruise
     altitude using maximum climb thrust, cruise at a pressure altitude of *
     at a fixed cruise Mach number not less than * and descent to * pressure
     altitude are conducted in * conditions. Speeds below * pressure altitude
     shall be * CAS.

3.4. Fixed allowances of * of fuel and of * of time are assumed for approach and
     landing at destination.

3.5. The stage distance is defined as the distance covered during climb, cruise
     and descent as described in the paragraph 3.3 above.

     The flight time is defined as the time spent during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 3.2, 3.3 and 3.4 above.

     The trip fuel is defined as the fuel burnt during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 3.2, 3.3 and 3.4 above.

3.6. At the end of approach and landing * of usable fuel shall remain in the
     tanks. This fixed allowance represents the estimated fuel required for:

     a)   Contingency fuel: * flight time

     b)   Missed approach at destination, followed by a diversion in ISA+10
          degrees C conditions over an equivalent still air stage distance of *
          nautical miles (assumed representative of SDU to CGH), starting and
          ending at * pressure altitude above airports

     c)   Holding for * pressure altitude in ISA+10 degrees C conditions

     d)   Approach and landing at alternate.

3.7. The mission payload guarantee exclude any volumetric limitation and is
     based on a fixed estimated Operating Weight Empty (OWE) of *

<PAGE>

LETTER AGREEMENT NO 2

4.   ADDITIONAL PERFORMANCE GUARANTEES

4.1. Take-off

     The Aircraft permissible Take-off Weight shall not be less than * when
     operated in departure airport conditions as defined below (assumed
     representative of CGH runway 35L):

          Pressure altitude                               :
          Temperature                                     :
          Available Take-off Run (TOR)                    :
          Available Take-off Distance (TOD)               :   *
          Available Accelerate-Stop Distance (ASD)        :
          Runway Slope                                    :
          Wind                                            :
          Obstacles (height / distance from end of TOR)   :
                                                          :
                                                          :
                                                          :

4.2. CLIMB

     During a climb performed in ISA+10 degrees C conditions from * pressure
     altitude at an initial gross weight of * up to cruise pressure altitude,
     using maximum climb thrust and a speed profile of * with limitation at *
     below 10,000 ft pressure altitude:

4.2.1. - for a cruise altitude of 35,000ft, the guaranteed fuel burn shall not
     be more than * and the guaranteed climb time shall not be more than *
     minutes

4.2.2. - for a cruise altitude of * the guaranteed fuel burn shall not be more
     than * and the guaranteed climb time shall not be more than * minutes

4.3. Specific Range

4.3.1. The nautical miles per kilogram of fuel at an Aircraft gross weight of *
     at a pressure altitude of * in ISA+10 degrees C conditions at a true Mach
     number of * shall be not less than *

4.3.2. The nautical miles per kilogram of fuel at an Aircraft gross weight of *
     at a pressure altitude of * in ISA+10 degrees C conditions at Long Range
     Cruise Mach number of * shall be not less than *

4.3.3. The nautical miles per kilogram of fuel at an Aircraft gross weight of *
     at a pressure altitude of * in ISA+10 degrees C conditions at a true Mach
     number of * shall be not less than *

4.3.4. The nautical miles per kilogram of fuel at an Aircraft gross weight of *
     at a pressure altitude of * in ISA+10 degrees C conditions at Long Range
     Cruise Mach number shall be not less than * nm/kg.

<PAGE>

LETTER AGREEMENT NO 2

5.   MANUFACTURER'S WEIGHT EMPTY GUARANTEE

     The Seller guarantees a Manufacturer's Weight Empty of not more than * This
     is the Manufacturer's Weight Empty of the Aircraft as defined in the
     paragraph 1 above, which will be derived from the weighing of the Aircraft
     and is subject to adjustment as defined in paragraph 8 below.

6.   GUARANTEE CONDITIONS

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

6.2. For the determination of FAR take-off and landing performance a hard level
     dry runway surface with no runway strength limitation, no obstacles, zero
     wind, atmosphere according to ISA, except as otherwise stated, and the use
     of speedbrakes, flaps, associated speeds, landing gear and engines in the
     conditions liable to provide the best results will be assumed.

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

6.4. Climb, cruise, descent and holding performance elements of 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
     paragraph 7.3 below may be such as to optimize the 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. Cruise performance are based on a center of gravity position of
     *

6.5. 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 unless otherwise
     stated.

6.6. Where applicable the Guarantees assume the use of an approved fuel having a
     density of * kg per liter and a lower heating value of *

<PAGE>

LETTER AGREEMENT NO 2

7.        GUARANTEE COMPLIANCE

7.1.      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.

7.2.      Compliance with the take-off and landing elements of the Guarantees
          will be demonstrated with reference to the approved Flight Manual.

7.3.      Compliance with those parts of the Guarantees not covered by the
          requirements of the certifying Airworthiness Authority shall be
          demonstrated by calculation based on data obtained during fully
          instrumented flight tests conducted on one (or more, at the Seller's
          discretion) A319-100 aircraft of the same airframe/engine model
          combination as those Aircraft purchased by the Buyer.

7.4.      Compliance with the Manufacturer's Weight Empty guarantee shall be
          demonstrated with reference to a weight compliance report which shall
          include a comparison of the actual Manufacturer's Weight Empty and the
          adjusted Specification Manufacturer's Weight Empty.

7.5.      Data derived from flight 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.

7.6.      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 A319-100 Aircraft.

8.        ADJUSTMENT OF GUARANTEES

8.1.      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 Aircraft configuration or performance or
          both required to obtain certification the Guarantees shall be
          appropriately modified to reflect the effect of any such change.

8.2.      The Guarantees apply to the Aircraft as described in paragraph 1 and
          may be adjusted in the event of:

          a)   Any further configuration change which is the subject of a
               Specification Change Notice (SCN)

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

<PAGE>

LETTER AGREEMENT NO 2

9.        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 Specification or any other
          document.

10.       UNDERTAKING: REMEDIES

10.1.     Should any Aircraft fail to meet any of the guarantees specified in
          this Letter Agreement, the Seller will use its best endeavours, at
          Seller's cost and expense, to correct the deficiency so that the
          Aircraft comply with the guarantee set out herein.

10.2.     Should the Seller fail to develop and make available corrective means
          (including but not limited to kits, procedures, increase of design
          weights) of the above said deficiency, then the Seller shall for the
          concerned Aircraft pay to the Buyer by way of liquidated damages upon
          delivery and, subject to Seller's maximum liability set forth
          hereunder, on the anniversary date of the delivery for as long as the
          deficiency remains, an amount of:

10.2.1.   * for each kilogram deficient per Aircraft and per year based on the
          higher deficiency expressed in kilograms of the Mission Payload
          guarantee and the Manufacturer's Weight Empty guarantee;

10.2.2.   * for each percent deficient per Aircraft and per year based on the
          average deficiency expressed as a percentage of the Specific Range
          guarantees (part of a percent to be prorated);

10.2.3.   * for each kilogram in excess per Aircraft and per year based on the
          deficiency expressed in kilograms of the Manufacturer's Weight Empty
          guarantee.

10.3.     In the event the Seller develops and makes available corrective means
          mentioned above the Buyer shall reimburse to the Seller the monthly
          prorated portion of the yearly penalty paid by the Seller on account
          of the year during which the corrective means are made available.

10.4.     The Seller's maximum liability in respect of deficiency in performance
          of any Aircraft shall be limited to the payment of liquidated damages
          for a period of not more than * years and up to an aggregated value of
          * for each deficient Aircraft, whichever occurs first. Payment of
          liquidated damages shall be deemed to settle all claims and remedies
          the Buyer would have against the Seller in respect of performance
          deficiencies.

<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

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

Date: March 19, 1998

<PAGE>

LETTER AGREEMENT NO 3

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

SUBJECT: A320-200 PERFORMANCE GUARANTEES

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer) and AIRBUS INDUSTRIE ("the
Seller") have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A320 Aircraft as described in the Agreement.

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

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

<PAGE>

LETTER AGREEMENT NO 3

1.   AIRCRAFT CONFIGURATION

     The guarantees defined below ("the Guarantees") are applicable to the
     A320-200 Aircraft as described in the Standard Specification referenced
     D 000 02000 Issue 4 dated 30th March 1995 and amended by Specification
     Change Notices ("SCNs") for:

     i)   increase of the Maximum Take-off Weight to 77,000 kg

     ii)  installation of International Aero Engines (IAE) V2527-A5 engines

     hereinafter referred to as "the Specification", and without taking into
     account any further changes thereto as provided in the Agreement.

2.   MISSION FUEL BURN GUARANTEE

     The Aircraft carrying a fixed payload of * over a still air stage distance
     of 700 nautical miles under the conditions defined below the Seller
     guarantees that the trip fuel of the Aircraft shall be not more than *

2.1. The departure airport conditions and the destination airport conditions are
     such as to allow the required take-off weight and landing weight to be used
     without restriction.

2.2. Fixed allowances of * of fuel and of * minutes of time are assumed for
     take-off and initial climb to * pressure altitude with acceleration to
     climb speed.

2.3. Climb from * pressure altitude up to cruise altitude using maximum climb
     thrust, cruise at a pressure altitude of * at a fixed cruise Mach number
     not less than * and descent to * pressure altitude are conducted in ISA+10
     degrees C conditions. Speeds below * pressure altitude shall be * knots
     CAS.

2.4. Fixed allowances of * of fuel and of * minutes of time are assumed for
     approach and landing at destination.

2.5. The stage distance is defined as the distance covered during climb, cruise
     and descent as described in the paragraph 2.3 above.

     The flight time is defined as the time spent during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 2.2, 2.3 and 2.4 above.

     The trip fuel is defined as the fuel burnt during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 2.2, 2.3 and 2.4 above.

<PAGE>

LETTER AGREEMENT NO 3

2.6. At the end of approach and landing * kg of usable fuel shall remain in the
     tanks. This fixed allowance represents the estimated fuel required for:

     a)   Contingency fuel: * flight time

     b)   Missed approach at destination, followed by a diversion in ISA+10
          degrees C conditions over an equivalent still air stage distance of *
          nautical miles, starting and ending at * pressure altitude

     c)   Holding for * minutes at * pressure altitude in ISA+10 degrees C
          conditions

     d)   Approach and landing at alternate.

2.7. The mission fuel burn guarantee is based on a fixed estimated Operating
     Weight Empty (OWE) of *

3.   MISSION PAYLOAD GUARANTEE

     The Aircraft shall be capable of carrying a guaranteed payload not less
     than * over a still air stage distance of * nautical miles (assumed
     representative of the mission CGH to REC with a * headwind) under the
     conditions defined below.

3.1. The departure airport conditions are as follows (assumed representative of
     CGH runway 35L):
          Pressure altitude                             :
          Temperature                                   :
          Available Take-off Run (TOR)                  :
          Available Take-off Distance (TOD)             : *
          Available Accelerate-Stop Distance (ASD)      :
          Runway Slope                                  :
          Wind                                          :
          Obstacles (height/distance from end of TOR)   :
                                                        :
                                                        :
                                                        :

     The destination airport conditions are such as to allow the required
     landing weight to be used without restriction.

3.2. Fixed allowances of * kg of fuel and * minutes of time are assumed for
     take-off and initial climb to * ft above departure airport pressure
     altitude with acceleration to climb speed.

3.3. Climb from * ft above departure airport pressure altitude up to cruise
     altitude using maximum climb thrust, cruise at a pressure altitude of * at
     a fixed cruise Mach number not less than * and descent to * ft pressure
     altitude are conducted in ISA+10 degrees C conditions. Speeds below * ft
     pressure altitude shall be * nots CAS.

<PAGE>

LETTER AGREEMENT NO 3

3.4. Fixed allowances of * kg of fuel and of * minutes of time are assumed for
     approach and landing at destination.

3.5. The stage distance is defined as the distance covered during climb, cruise
     and descent as described in the paragraph 3.3 above.

     The flight time is defined as the time spent during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 3.2, 3.3 and 3.4 above.

     The trip fuel is defined as the fuel burnt during take-off and initial
     climb, climb, cruise, descent and approach and landing as defined in
     paragraphs 3.2, 3.3 and 3.4 above.

3.6. At the end of approach and landing * kg of usable fuel shall remain in the
     tanks. This fixed allowance represents the estimated fuel required for:

     a)   Contingency fuel: * flight time

     b)   Missed approach at destination, followed by a diversion in ISA+1O
          degrees C conditions over an equivalent still air stage distance of *
          nautical miles (assumed representative of REC to NAT), starting and
          ending at * ft pressure altitude above airports

     c)   Holding for * minutes at * ft pressure altitude in ISA+10 degrees C
          conditions

     d)   Approach and landing at alternate.

3.7. The mission payload guarantee exclude any volumetric limitation and is
     based on a fixed estimated Operating Weight Empty (OWE) of * kg.

<PAGE>

LETTER AGREEMENT NO 3

4.   ADDITIONAL PERFORMANCE GUARANTEES

4.1. Take-off

     The Aircraft permissible Take-off Weight shall not be less than * when
     operated in departure airport conditions as defined below (assumed
     representative of CGH runway 35L):

          Pressure altitude
          Temperature
          Available Take-off Run (TOR)
          Available Take-off Distance (TOD) *
          Available Accelerate-Stop Distance (ASD)
          Runway Slope
          Wind
          Obstacles (height / distance from end of TOR)

4.2. Climb

     During a climb performed in ISA+10 degrees C conditions from * pressure
     altitude at an initial gross weight of * kg up to cruise pressure altitude,
     using maximum climb thrust and a speed profile of * with limitation at * kt
     below * ft pressure altitude:

4.2.1. - for a cruise altitude of * ft, the guaranteed fuel burn shall not be
     more than * kg and the guaranteed climb time shall not be more than *
     minutes

4.2.2. - for a cruise altitude of * ft, the guaranteed fuel burn shall not be
     more than * kg and the guaranteed climb time shall not be more
     than * minutes

4.3. Specific Range

4.3.1. The nautical miles per kilogram of fuel at an Aircraft gross weight of *
     kg at a pressure altitude of * ft in ISA+10 degrees C conditions at a true
     Mach number of * shall be not less than * nm/kg.

4.3.2. The nautical miles per kilogram of fuel at an Aircraft gross weight of *
     kg at a pressure altitude of * ft in ISA+10 degrees C conditions at Long
     Range Cruise Mach number shall be not less than * nm/kg.

4.3.3. The nautical miles per kilogaram of fuel at an Aircraft gross weight of *
     kg at a pressure altitude of * ft in ISA+10 degrees C conditions at a true
     Mach number of * shall be not less than * nm/kg.

4.3.4. The nautical miles per kilogram of fuel at an Aircraft gross weight of *
     kg at a pressure altitude of * ft in ISA+10 degrees C conditions at Long
     Range Cruise Mach number shall be not less than * nm/kg.

<PAGE>

LETTER AGREEMENT NO 3

5.   MANUFACTURER'S WEIGHT EMPTY GUARANTEE

     The Seller guarantees a Manufacturer's Weight Empty of not more than *.
     This is the Manufacturer's Weight Empty of the Aircraft as defined in the
     paragraph 1 above, which will be derived from the weighing of the Aircraft
     and is subject to adjustment as defined in paragraph 8 below.

6.   GUARANTEE CONDITIONS

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

6.2. For the determination of FAR take-off and landing performance a hard level
     dry runway surface with no runway strength limitation, no obstacles, zero
     wind, atmosphere according to ISA, except as otherwise stated, and the use
     of speedbrakes, flaps, associated speeds, landing gear and engines in the
     conditions liable to provide the best results will be assumed.

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

6.4. Climb, cruise, descent and holding performance elements of 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
     paragraph 7.3 below may be such as to optimize the 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. Cruise performance are based on a center of gravity position of
     * MAC.

6.5. 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 unless otherwise
     stated.

6.6. Where applicable the Guarantees assume the use of an approved fuel having a
     density of * kg per liter and a lower heating value of * TU/Ib.

<PAGE>

LETTER AGREEMENT NO 3

7.   GUARANTEE COMPLIANCE

7.1. 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.

7.2. Compliance with the take-off and landing elements of the Guarantees will be
     demonstrated with reference to the approved Flight Manual.

7.3. Compliance with those parts of the Guarantees not covered by the
     requirements of the certifying Airworthiness Authority shall be
     demonstrated by calculation based on data obtained during fully
     instrumented flight tests conducted on one (or more, at the Seller's
     discretion) A320-200 aircraft of the same airframe/engine model
     combination as those Aircraft purchased by the Buyer.

7.4. Compliance with the Manufacturer's Weight Empty guarantee shall be
     demonstrated with reference to a weight compliance report which shall
     include a comparison of the actual Manufacturer's Weight Empty and the
     adjusted Specification Manufacturer's Weight Empty.

7.5. Data derived from flight 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.

7.6. 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 A320-200 Aircraft.

8.   ADJUSTMENT OF GUARANTEES

8.1. 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 Aircraft configuration or performance or both required to
     obtain certification the Guarantees shall be appropriately modified to
     reflect the effect of any such change.

8.2. The Guarantees apply to the Aircraft as described in paragraph 1 and may be
     adjusted in the event of:

     a)   Any further configuration change which is the subject of a
          Specification Change Notice (SCN)

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

<PAGE>

LETTER AGREEMENT NO 3

9.   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 Specification or any other document.

10.  UNDERTAKING: REMEDIES

10.1. Should any Aircraft fail to meet any of the guarantees specified in this
     Letter Agreement, the Seller will use its best endeavours, at Seller's cost
     and expense, to correct the deficiency so that the Aircraft comply with the
     guarantee set out herein.

10.2. Should the Seller fail to develop and make available corrective means
     (including but not limited to kits, procedures, increase of design weights)
     of the above said deficiency, then the Seller shall for the concerned
     Aircraft pay to the Buyer by way of liquidated damages upon delivery and,
     subject to Seller's maximum liability set forth hereunder, on the
     anniversary date of the delivery for as long as the deficiency remains, an
     amount of:

10.2.1. * for each kilogram deficient per Aircraft and per year based on the
     higher deficiency expressed in kilograms of the Mission Payload guarantee
     and the Manufacturer's Weight Empty guarantee;

10.2.2. * for each percent deficient per Aircraft and per year based on the
     average deficiency expressed as a percentage of the Specific Range
     guarantees (part of a percent to be prorated);

10.2.3. * for each kilogram in excess per Aircraft and per year based on the
     deficiency expressed in kilograms of the Manufacturer's Weight Empty
     guarantee.

10.3. In the event the Seller develops and makes available corrective means
     mentioned above the Buyer shall reimburse to the Seller the monthly
     prorated portion of the yearly penalty paid by the Seller on account of the
     year during which the corrective means are made available.

10.4. The Seller's maximum liability in respect of deficiency in performance of
     any Aircraft shall be limited to the payment of liquidated damages for a
     period of not more than * years and up to an aggregated value of * for each
     deficient Aircraft, whichever occurs first Payment of liquidated damages
     shall be deemed to settle all claims and remedies the Buyer would have
     against the Seller in respect of performance deficiencies.

<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

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

Date: March 19, 1998

<PAGE>

LETTER AGREEMENT NO 4

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

SUBJECT: OPTION AIRCRAFT

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer") and AIRBUS INDUSTRIE ("the
Seller") have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A320 Family Aircraft as described in the
Agreement.

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

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

<PAGE>

LETTER AGREEMENT NO 4

1.   OPTION AND OPTION EXERCISE

1.1  Option

     The Buyer shall have an option to purchase up to thirty seven (37)
     additional A319 Aircraft (hereinafter called the "Option Aircraft" or
     individually "Option Aircraft No 1 to No 37").

1.2  Option Exercise

     The formal exercise of the Option Aircraft granted to the Buyer in
     accordance with the terms of the present Letter Agreement No 3 shall be
     made by written notice to the Seller from the Buyer at any time during the
     period commencing with the signature hereof and ending on or before the
     first day of the * month preceding the Option Aircraft delivery date.

     In order to be valid, the Seller shall have received in Seller's bank
     account an initial predelivery payment equal to * of the Predelivery
     Payment Reference Price, corresponding to the first Predelivery Payment
     defined in Clause 5.2.1.2 of this Agreement.

     In the event that the Buyer fails to timely exercise the Option Aircraft,
     the Option Aircraft shall lapse and neither party shall have any further
     rights or obligations hereunder as to such lapsed Option Aircraft.

2.   ASSIGNMENT

     The Option Aircraft are personal to the Buyer and cannot be assigned to
     third parties without Seller's prior consent in writing. Such consent shall
     not be unreasonalby withheld.

<PAGE>

LETTER AGREEMENT NO 4

3.   OPTION AIRCRAFT DEFINITION

3.1  Definition

     The Option Aircraft shall be manufactured in accordance with the detailed
     Specification as defined in sub-Clause 1.2 of the Agreement.

3.2  Modifications

     In the event the Seller and the Buyer have agreed to carry out
     modification(s) in accordance with the provisions of Clauses 2 and 7 of the
     Agreement on any Aircraft which is subject of a firm order such
     modification(s) shall, unless otherwise agreed between the parties apply to
     the manufacture of the Option Aircraft with all effects, if any, on price
     and/or delivery resulting therefrom.

4.   DELIVERY OF OPTION AIRCRAFT

     In the event the related Option Aircraft is exercised in accordance with
     the conditions set forth in Paragraph 1.2 hereabove, the Option Aircraft
     will be ready for delivery at the following date:

<TABLE>
<CAPTION>
                      Delivery Date   Aircraft Type
                      -------------   -------------
<S>                   <C>             <C>
- Aircraft No 1....
- Aircraft No 2....
- Aircraft No 3....
- Aircraft No 4....
- Aircraft No 5....
- Aircraft No 6....
- Aircraft No 7....
- Aircraft No 8....
- Aircraft No 9....
- Aircraft No 10...         *
- Aircraft No 11...
- Aircraft No 12...
- Aircraft No 13...
- Aircraft No 14...
- Aircraft No 15...
- Aircraft No 16...
- Aircraft No 17...
- Aircraft No 18...
- Aircraft No 19...
- Aircraft No 20...
</TABLE>

<PAGE>

LETTER AGREEMENT NO 4

<TABLE>
<CAPTION>
                      Delivery Date   Airline Type
                      -------------   -------------
<S>                   <C>             <C>
- Aircraft No 21...
- Aircraft No 22...
- Aircraft No 23...
- Aircraft No 24...
- Aircraft No 25...
- Aircraft No 26...
- Aircraft No 27...
- Aircraft No 28...
- Aircraft No 29...         *
- Aircraft No 30...
- Aircraft No 31...
- Aircraft No 32...
- Aircraft No 33...
- Aircraft No 34...
- Aircraft No 35...
- Aircraft No 36...
- Aircraft No 37...
</TABLE>

5.   OPTION AIRCRAFT PRICE

     The Airframe Basic Price of the Option Aircraft offered hereby will be

                                       *

6.   PAYMENT

     The Buyer shall make predelivery payments, and the Final Contract Price
     shall be paid, pursuant to Clause 5 of the Purchase Agreement with the
     exception however that the amount due according to said Clause upon
     signature of the Purchase Agreement less the amount of * already paid for
     the Option Aircraft) is due upon Buyer's notice to the Seller provided for
     in Paragraph 1.2 hereabove.

7.   VALIDITY

     Unless otherwise agreed to in writing by the parties hereto the general
     terms and conditions of the Purchase Agreement shall apply to the sale of
     each Option Aircraft converted into firm order. Upon the exercise of such
     option the parties shall conclude an amendment to the Purchase Agreement to
     that effect.

<PAGE>

8.   RIGHT OF FIRST REFUSAL

                                       *

<PAGE>

LERTER AGREEMENT NO 4

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

Agreed and Accepted                     Agreed and Accepted

For and on behalf of                    For and on behalf of

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

Date: March 19, 1998

<PAGE>

LETTER AGREEMENT NO 5

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

Subject: PRODUCT SUPPORT SERVICES

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer") and AIRBUS INDUSTRIE ("the
Seller") have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A320 Family Aircraft as described in the
Agreement.

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

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

<PAGE>

LETTER AGREEMENT NO 5

                                       *

<PAGE>

LETTER AGREEMENT NO 5

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

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

Date: March 19, 1998

<PAGE>

                                                                       Page No 1

LETTER AGREEMENT NO 6

TAM - TRANSPORTES AEREOS REGIONAIS S/A
Rua Monsenhor Antonio Pepe, 94
Parque Jabaquara
SAO PAULO
BRAZIL

Subject: *

TAM ("the Buyer") and AIRBUS INDUSTRIE ("the Seller) have entered into a
Purchase Agreement ("the Agreement") dated as of even date herewith which covers
the manufacture and the sale by the Seller and the purchase by the Buyer of
certain A319-A320-A321 Aircraft as described in the Agreement.

Capitalized terms used herein and not otherwise defined in this Letter Agreement
shall have the meanings assigned thereto in the Agreement. If not otherwise
herein defined any reference to the Net Aircraft Price shall mean an amount
equal to the Final Price of the Aircraft excluding Buyer Furnished Equipment and
net of all available Credit Memoranda of the Seller and the selected Engine
Manufacturer.

<PAGE>

                               [7 pages redacted]

                                       *

<PAGE>

                                                                       Page No 9

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

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

TAM-TRANSPORTES AEREOS REGIONAIS S/A    AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

Date: March 19, 1998

<PAGE>

LETTER AGREEMENT NO 7

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

SUBJECT: *

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer") and AIRBUS INDUSTRIE ("the
Seller") have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A320 Family Aircraft as described in the
Agreement.

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

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

<PAGE>

LETTER AGREEMENT NO 7

                                        *

<PAGE>

LETTER AGREEMENT NO 7

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

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                     /s/
    ---------------------------------       ------------------------------------
Its:
     --------------------------------

Date: March 19, 1998

<PAGE>

LETTER AGREEMENT NO 8

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

SUBJECT: *

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer") and AIRBUS INDUSTRIE ("the
Seller") have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A320 Family Aircraft as described in the
Agreement.

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

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

<PAGE>

                               [6 pages redacted]

<PAGE>

LETTER AGREEMENT NO 8

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

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

Date: March 19, 1998

<PAGE>

LETTER AGREEMENT NO 9

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94

SAO PAULO - BRAZIL

SUBJECT: *

TAM - TRANSPORTES AEREOS REGIONAIS ("the Buyer") and AIRBUS INDUSTRIE ("the
Seller) have entered into a Purchase Agreement ("the Agreement") dated as of
even date herewith which covers the manufacture and the sale by the Seller and
the purchase by the Buyer of the A320 Family Aircraft as described in the
Agreement.

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

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

<PAGE>

LETTER AGREEMENT NO 9

                                       *

<PAGE>

LETTER AGREEMENTS NO 9

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

TAM - TRANSPORTES AEREOS REGIONAIS      AIRBUS INDUSTRIE

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------

By: /s/                                 By: /s/
    ---------------------------------       ------------------------------------
Its:                                    Its:
     --------------------------------        -----------------------------------
Date: March 19, 1998

<PAGE>

APPENDIX 1 TO LETTER AGREEMENT NO 9

                                       *

<PAGE>

                                 AMENDMENT NO 1

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE
                                  (THE SELLER)

                                       AND

                                     T.A.M.
                          TRANSPORTES AEREOS REGIONAIS
                                   (THE BUYER)

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
   1      Scope
   2      Delivery
   3      *
   4      Miscellaneous Provisions
</TABLE>

<PAGE>

                                 AMENDMENT NO 1

                                     TO THE

                             A320 PURCHASE AGREEMENT

This Amendment No 1 is made as of the day of February 16th, 1999 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS INDUSTRIE "Groupement d'Interet Economique" duly created and existing
under French law and having its principal office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX
               FRANCE

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

AND

T.A.M. - TRANSPORTES AEREOS REGIONAIS having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP - 04357 - 080
               SAO PAULO
               BRAZIL

(hereinafter referred to as "the Buyer") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have signed on March 19th, 1998 an A320 Family
     Purchase Agreement (hereinafter referred to as "the Purchase Agreement")
     covering the purchase by the Buyer and the sale by the Seller of thirty
     eight (38) series Aircraft of the A319-100 and A320-200 typo (Aircraft No 1
     to No 38).

B.   The Seller and the Buyer wish to further modify certain terms and
     conditions of the Purchase Agreement with respect to certain Aircraft
     (hereinafter referred to as the "Aircraft").

NOW THEREFORE IT IS AGREED AS FOLLOWS :

<PAGE>

1.   SCOPE

     The scope of this Amendment No 1 is the modification of Clause 9 of the
     Purchase Agreement with respect to the Aircraft No 5, No 6, No 7, No 8 and
     No 10 *

<PAGE>

2.   DELIVERY

     The delivery dates specified in Clause 9 of the Purchase Agreement with
     respect to the Aircraft are respectively replaced by the following:

                                       *

<PAGE>

                                       *

<PAGE>

4.   MISCELLANEOUS PROVISIONS

     If not otherwise expressly stated in this Amendment No 1, the A320 Family
     Purchase Agreement, its Exhibits, Letter Agreements shall apply also to
     this Amendment No 1.

     This Amendment No 1 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the Aircraft.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

     This Amendment No 1 has been executed in two (2) original specimens which
     are in English.

<PAGE>

IN WITNESS WHEREOF this Amendment No 1 was duly entered into the day and year
first above written.

For and on behalf of                    For and on behalf of

T.A.M.                                  AIRBUS INDUSTRIE
TRANSPORTES AEREOS REGIONAIS

/s/                                     /s/ Michel Dechelotte
-------------------------------------   ----------------------------------------
Name:                                   Name: Michel Dechelotte
Title: Vice President                   Title: Vice President Contract & Pricing

/s/
-------------------------------------
Name:
Title: V.P. Advisor

<PAGE>

LETTER AGREEMENT NO 1

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94
JD AEROPORTO
CEP - 04357 - 080

SAO PAULO - BRAZIL

SUBJECT: A320 - MISCELLANEOUS

Gentlemen,

TAM - TRANSPORTES AEREOS REGIONAIS (the "Buyer") and AIRBUS INDUSTRIE (the
"Seller") have entered into an A320 Amendment No 1 dated as of even date
herewith (the "Amendment" or the "Agreement") which modifies certain terms and
conditions of the Purchase Agreement.

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

Both parties agree that this Letter Agreement No 1, upon execution thereof,
shall constitute an integral part of the said Amendment and shall be governed by
all its provisions, as such provisions have been specifically amended pursuant
to this Letter Agreement.

<PAGE>

                               [2 pages redacted]

                                        *

<PAGE>

LETTER AGREEMENT NO 1

If the foregoing correctly sets forth our understanding, please execute the
original and one copy hereof in the space provided herebelow and return
the copy to AIRBUS INDUSTRIE.

Agreed and Accepted                     Very Truly Yours

TAM                                     AIRBUS INDUSTRIE
TRANSPORTES AEREOS REGIONAIS

By: /s/                                 By: /s/ Michel Dechelotte
    ---------------------------------       ------------------------------------
Its: Vice President                     Its: Vice President Contracts & Pricing

Date: 16.02.99                          Date: 16.02.99

<PAGE>

LETTER AGREEMENT NO 2

TAM - TRANSPORTES AEREOS REGIONAIS

Rua Monsenhor Antonio Pepe 94
JD Aeroporto
CEP-04357-080

SAO PAULO - BRAZIL

SUBJECT: A320 - *

Gentlemen,

TAM - TRANSPORTES AEREOS REGIONAIS (the "Buyer") and AIRBUS INDUSTRIE (the
"Seller") have entered into an A320 Amendment No 1 dated as of even date
herewith (the "Amendment" or the "Agreement") which modifies certain terms and
conditions of the Purchase Agreement.

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

Both parties agree that this Letter Agreement No 2, upon execution thereof,
shall constitute an integral part of the said Amendment No 1 and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

<PAGE>

                               [2 pages redacted]

                                       *
<PAGE>

LETTER AGREEMENT NO 2

If the foregoing correctly sets forth our understanding, please execute the
original and one copy hereof in the space provided herebelow and return the copy
to AIRBUS INDUSTRIE.

Agreed and Accepted                     Very Truly Yours

TAM
TRANSPORTES AEREOS REGIONAIS            AIRBUS INDUSTRIE

By: /s/                                 By: /s/ MICHEL DECHELOTTE
    ---------------------------------       ------------------------------------
Its:  Vice President                    Its: Vice President Contracts of Pricing

Date: 16.02.99                          Date: 16.02.99

<PAGE>

                                [page redacted]

                                       *

<PAGE>

                                 AMENDMENT NO 2

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE
                                  (THE SELLER)

                                       AND

                                     T.A.M.
                       TRANSPORTES AEREOS REGIONAIS S. A.
                                   (THE BUYER)

                                   Page No 1/8

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
   1      Scope
   2      *
   3      Delivery Dates
   4      Miscellaneous Provisions
</TABLE>

                                   Page No 2/8

<PAGE>

                                 AMENDMENT NO 2

                                     TO THE

                             A320 PURCHASE AGREEMENT

This Amendment No 2 is made as of the 04th day of October 2000 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS INDUSTRIE "Groupement d'Interet Economique" duly created and existing
under French law and having its principal office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX
               FRANCE

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

AND

T.A.M. - TRANSPORTES AEREOS REGIONAIS S.A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP - 04357 - 080

               SAO PAULO

               BRAZIL

(hereinafter referred to as "the Buyer") of the other part.

                                   Page No 3/8

<PAGE>

WHEREAS

A.   The Buyer and the Seller have signed on March 19th, 1998 an A320 Family
     Purchase Agreement (hereinafter referred to as "the Purchase Agreement")
     covering the purchase by the Buyer and the sale by the Seller of thirty
     eight (38) A320 Family Aircraft of the A319-100 and A320-200 type (Aircraft
     No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "the Amendment No 1") to the
     A320 Family Purchase Agreement covering changes to the delivery dates of
     some of the Aircraft.

C.   The Seller and the Buyer wish to further modify certain terms and
     conditions of the Purchase Agreement with respect to the type and delivery
     dates of the Aircraft *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

                                   Page No 4/8

<PAGE>

1-   SCOPE

     The scope of this Amendment No 2

                                       *

2-   TYPE AND DELIVERY DATES OF *

     Sub-Clause 9.1 of the Purchase Agreement is therefore cancelled and
     replaced by Sub-Article 9.1 hereof:

QUOTE

     9.1  Delivery Schedule

          Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller
          shall have the Aircraft ready for delivery at the Aircraft final
          assembly line in the following months:

<TABLE>
<CAPTION>
                                  Delivery Date   Aircraft Type
                                  -------------   -------------
<S>                               <C>             <C>
                                        *
</TABLE>

                                   Page No 5/8

<PAGE>

                                       *

UNQUOTE

3-   QUANTITY OF OPTION AIRCRAFT AND *

     The paragraphs 1.1 and 1.2 of the Letter Agreement No 4 of the A320 Family
     Purchase Agreement is therefore cancelled and replaced by the following
     Articles 1.1 and 1.2:

QUOTE

     1.1  Option

          The Buyer shall have an option to purchase up to

                                       *

     1.2  Option Exercise and Rolling Options

          The formal exercise of the Option Aircraft granted to the Buyer in
          accordance with the terms of the present Letter Agreement No 4 (as
          modified) shall be made by written notice to the Seller from the Buyer
          at any time during the period commencing with the signature hereof and
          ending on or before the first day of the * month preceding the Option
          Aircraft delivery date.

          In order to validly exercise am Option, the Seller shall have received
          in Seller's bank account an initial predelivery payment equal to * of
          the Predelivery Payment Reference Price, corresponding to the first
          Predelivery Payment as defined in Article 3 of the Amendment No 1 to
          the Agreement minus the corresponding deposit amounting to * already
          paid by the Buyer as an option fee for each of the * Option Aircraft.

                                  Page No 6/8

<PAGE>

                                       *

UNQUOTE

4-   DELIVERIES OF OPTION AIRCRAFT

     The paragraph 4 of the Letter Agreement No 4 of the A320 Family Purchase
     Agreement is therefore cancelled and replaced by the following:

QUOTE

                                       *

UNQUOTE

5-   MISCELLANEOUS PROVISIONS

                                  Page No 7/8

<PAGE>

     If not otherwise expressly stated in this Amendment No 2, the A320 Family
     Purchase Agreement, its Exhibits and Letter Agreements shall apply also to
     this Amendment No 2.

     This Amendment No 2 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment the latter shall prevail to the extent of said
     inconsistency.

     This Amendment No 2 has been executed in two (2) original specimens which
     are in English.

IN WITNESS WHEREOF this Amendment No 2 was duly entered into the day and year
first above written.

For and on behalf of                    For and on behalf of

T.A.M.
TRANSPORTES AEREOS REGIONAIS S.A.       AIRBUS INDUSTRIE

/S/ Jose Zaidan Maluf                   /S/ Robillard Francis
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Robillard Francis
Title: Contract Director                Title: Contract Director

                                  Page No 8/8

<PAGE>

                                 AMENDMENT NO 3

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE
                                  (THE SELLER)

                                       AND

                                     T.A.M.
                       TRANSPORTES AEREOS REGIONAIS S. A.
                                   (THE BUYER)

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
   1      Scope
   2      *
   3      Delivery Dates
   4      Miscellaneous Provisions
</TABLE>

<PAGE>

                                 AMENDMENT NO 3
                                     TO THE
                            A320 PURCHASE AGREEMENT

This Amendment No 3 is made as of the __th day of January 2001 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS INDUSTRIE "Groupement d'Interet Economique" duly created and existing
under French law and having its principal office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX
               FRANCE

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

AND

T.A.M. - TRANSPOSES AEREOS REGIONAIS S. A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP - 04357 - 080

               SAO PAULO

               BRAZIL

(hereinafter referred to as "the Buyer") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have signed on March 19th, 1998 an A320 Family
     Purchase Agreement (hereinafter referred to as "the Purchase Agreement")
     covering the purchase by the Buyer and the sale by the Seller of thirty
     eight (38) A320 Family Aircraft of the A319-100 and A320-200 type (Aircraft
     No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "the Amendment No 1") to the
     A320 Family Purchase Agreement covering changes to the delivery dates of
     some of the Aircraft.

C.   The Seller and the Buyer have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "the Amendment No 2") to the
     A320 Family Purchase Agreement covering certain terms and conditions of the
     Purchase Agreement with respect to the type and delivery dates of the
     Aircraft

                                        *

D.   The Buyer has notified to the Seller of its decision to convert three (3)
     Option A320-200 Aircraft (Option Aircraft No 1, 2 and 3) into firm
     orders (Firm Aircraft No 39, 40 and 41).

                                        *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

1-   SCOPE

     The scope of this Amendment No 3

                                        *

2-   TYPE AND DELIVERY DATES OF *

     Sub-Clause 9.1 of the Purchase Agreement is therefore cancelled and
     replaced by Sub-Article 9.1 hereof:

QUOTE

     9.1  Delivery Schedule

          Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller
          shall have the Aircraft ready for delivery at the Aircraft final
          assembly line in the following months:

<TABLE>
<CAPTION>
                           Delivery Date   Aircraft Type
                           -------------   -------------
<S>                        <C>             <C>
                                        *
</TABLE>

<PAGE>

                                        *

UNQUOTE

3-   OPTION AIRCRAFT *

     The paragraphs 1.1 and 1.2 of the Letter Agreement No 4 of the A320 Family
     Purchase Agreement as modified by the Amendment No 2 is therefore cancelled
     and replaced by the following Articles 1.1 and 1.2:

QUOTE

     1.1  OPTION

                                        *

     1.2  OPTION EXERCISE *

          The formal exercise of the Option Aircraft granted to the Buyer in
          accordance with the terms of the present Letter Agreement No 4 (as
          modified) shall be made by written notice to the Seller from the Buyer
          at any time during the period commencing with the signature hereof and
          ending on or before the first day of the * month preceding the Option
          Aircraft delivery date.

          In order to valid an exercise of an Option, the Seller shall have
          received in Seller's bank account an initial predelivery payment equal
          * * of the Predelivery Payment Reference Price, corresponding to the
          first Predelivery Payment as defined in Article 3 of the Amendment No
          1 to the Agreement minus the corresponding deposit amounting to *
          already paid by the Buyer as an option fee for each of the * Option
          Aircraft.

                                        *

<PAGE>

                                        *

          In the event that the Buyer falls to timely exercise its option in
          respect of Option Aircraft, the Option Aircraft shall lapse and
          neither party shall have any further rights or obligations hereunder
          as to such lapsed Option Aircraft.

UNQUOTE

4-   DELIVERIES OF OPTION AIRCRAFT

     The paragraph 4 of the Letter Agreement No 4 of the A320 Family Purchase
     Agreement is therefore cancelled and replaced by the following:

QUOTE

                                        *

UNQUOTE

5-   MISCELLANEOUS PROVISIONS

     If not otherwise expressly stated in this Amendment No 3, the A320
     Family Purchase Agreement, its Exhibits and Letter Agreements shall apply
     also to this Amendment No 3.

<PAGE>

     This Amendment No 3 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

     This Amendment No 3 has been executed in two (2) original specimens which
     are in English.

IN WITNESS WHEREOF this Amendment No 3 was duly entered into the day and year
first above written.

For and on behalf of                    For and on behalf of

T.A.M.                                  AIRBUS INDUSTRIE
TRANSPORTES AEREOS REGIONAIS S.A.

/s/ Jose Zaidan Maluf                   /s/ Francis Robillard
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Francis Robillard
Title: Contract Director                Title: Contract Director

<PAGE>

                                 AMENDMENT NO 4

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE
                                  (THE SELLER)

                                       AND

                                     T.A.M.
                        TRANSPORTES AEREOS REGIONAIS S.A.
                                   (THE BUYER)

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
   1      Scope
   2      Type and Delivery Dates *
   3      Miscellaneous Provisions
</TABLE>

<PAGE>

                                 AMENDMENT NO 4
                                     TO THE
                            A320 PURCHASE AGREEMENT

This Amendment No 4 is made as of the 20th day of February 2001 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS INDUSTRIE "Groupement d'Interet Economique" duly created and existing
under French law and having its principal office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX
               FRANCE

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

AND

T.A.M. - TRANSPORTES AEREOS REGIONAIS S. A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP - 04357 - 080

               SAO PAULO

               BRAZIL

(hereinafter referred to as "the Buyer") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have signed on March 19th, 1998 an A320 Family
     Purchase Agreement (hereinafter referred to as "the Purchase Agreement")
     covering the purchase by the Buyer and the sale by the Seller of thirty
     eight (38) A320 Family Aircraft of the A319-100 and A320-200 type (Aircraft
     No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "the Amendment No 1") to the
     A320 Family Purchase Agreement covering changes to the delivery dates of
     some of the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "the Amendment No 2") to
     the A320 Family Purchase Agreement covering certain terms and (Conditions
     of the Purchase Agreement with respect to the type and delivery dates of
     the

                                       *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "the Amendment No 3") to the A320
     Family Purchase Agreement covering the conversion of three (3) Option
     A320-200 Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm
     Aircraft NO 39, 40 and 41)

                                       *

E.   The Buyer have notify the seller of the need to convert

                                       *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

1-   SCOPE

     The scope of this Amendment No 4 is the

                                       *

2-   TYPE AND DELIVERY DATES OF *

     Sub-Clause 9.1 of the Purchase Agreement is therefore cancelled and
     replaced by Sub-Article 9.1 hereof:

QUOTE

     9.1  Delivery Schedule

          Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller
          shall have the Aircraft ready for delivery at the Aircraft final
          assembly line in the following months:

<TABLE>
<CAPTION>
                              Delivery Date   Aircraft Type
                              -------------   -------------
<S>                           <C>             <C>
                                        *
</TABLE>

<PAGE>

                                        *

UNQUOTE

3-   MISCELLANEOUS PROVISIONS

     If not otherwise expressly stated in this Amendment No 4, the A320 Family
     Purchase Agreement, its Exhibits and Letter Agreements shall apply also to
     this Amendment No 4.

     This Amendment No 4 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

     This Amendment No 4 has been executed in two (2) original specimens which
     are in English.

IN WITNESS WHEREOF this Amendment No 4 was duly entered into the day and year
first above written.

For and on behalf of                    For and on behalf of

T.A.M.                                  AIRBUS INDUSTRIE
TRANSPOSES AEREOS REGIONAIS S.A.

/s/ Jose Zaidan Maluf                   /s/ Francis Robillard
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Francis Robillard
Title: Contract Director                Title: Contract Director

<PAGE>

                                 AMENDMENT NO 5

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE
                                  (THE SELLER)

                                       AND

                                     T.A.M.
                        TRANSPORTES AEREOS REGIONAIS S.A.
                                   (THE BUYER)

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
   1      Scope
   2      Type and Delivery Dates of *
   3      Miscellaneous Provisions
</TABLE>

<PAGE>

                                 AMENDMENT NO 5
                                     TO THE
                            A320 PURCHASE AGREEMENT

This Amendment No 5 is made as of the 27th day of April 2001 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS INDUSTRIE "Groupement d'Interet Economique" duly created and existing
under French law and having its principal office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX
               FRANCE

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

AND

T.A.M. - TRANSPORTES AEREOS REGIONAIS S.A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP - 04357 - 080

               SAO PAULO

               BRAZIL

(hereinafter referred to as "the Buyer") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have signed on March 19th, 1998 an A320 Family
     Purchase Agreement (hereinafter referred to as "the Purchase Agreement")
     covering the purchase by the Buyer and the sale by the Seller of thirty
     eight (38) A320 Family Aircraft of the A319-100 and A320-200 type (Aircraft
     No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "the Amendment No 1") to the
     A320 Family Purchase Agreement covering changes to the delivery dates of
     some of the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "the Amendment No 2") to the
     A320 Family Purchase Agreement covering certain terms and conditions of the
     Purchase Agreement with respect to the type and delivery dates of the

                                       *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "the Amendment No 3") to the A320
     Family Purchase Agreement covering the conversion of three (3) Option
     A320-200 Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm
     Aircraft No 39, 40 and 41),

                                       *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "the Amendment No 4") to the A320
     Family Purchase Agreement covering

                                       *

F.   In addition to the

                                       *

NOW THEREFORE IT IS AGREED AS FOLLOWS :

<PAGE>

1-   SCOPE

     The scope of this Amendment No 5 *

2-   TYPE AND DELIVERY DATES OF *

     Sub-Clause 9.1 of the Purchase Agreement is therefore cancelled and
     replaced by Sub-Article 9.1 hereof:

QUOTE

     9.1  Delivery Schedule

          Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller
          shall have the Aircraft ready for delivery at the Aircraft final
          assembly line in the following months:

<TABLE>
<CAPTION>
                        Delivery Date   Aircraft Type
                        -------------   -------------
<S>                     <C>             <C>
                                        *
</TABLE>

<PAGE>

                                        *

UNQUOTE

3-   MISCELLANEOUS PROVISIONS

     If not otherwise expressly stated in this Amendment No 5, the A320 Family
     Purchase Agreement, its Exhibits and Letter Agreements shall apply also to
     this Amendment No 5.

     This Amendment No 5 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

     This Amendment No 5 has been executed in two (2) original specimens which
     are in English.

IN WITNESS WHEREOF this Amendment No 5 was duly entered into the day and year
first above written.

For and on behalf of                    For and on behalf of

T.A.M.                                  AIRBUS INDUSTRIE
TRANSPORTES AEREOS REAIONAIS S.A.

/s/ Jose Zaidan Maluf                   /s/ Francis Robillard
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Francis Robillard
Title: Contract Director                Title: Contract Director

<PAGE>

                                 AMENDMENT NO 6

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE
                                  (THE SELLER)

                                       AND

                                     T.A.M.
                       TRANSPORTES AEREOS REGIONAIS S.A.
                                   (THE BUYER)

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES               TITLES
-------               ------
<S>       <C>
   1      Scope
   2      Type and Delivery Dates *
   3      Option aircraft *
   4      Deliveries of option aircraft
   5      Miscellaneous Provisions
</TABLE>

<PAGE>

                                 AMENDMENT NO 6
                                     TO THE
                             A320 PURCHASE AGREEMENT

This Amendment No 6 is made as of the 27th day of July 2001 to the A320 Purchase
Agreement signed on March 19th, 1998

Between

AIRBUS INDUSTRIE "Groupement d'Interet Economique" duly created and existing
under French law and having its principal office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX
               FRANCE

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

AND

T.A.M. - TRANSPOSES AEREOS REGIONAIS S.A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP-04357 - 080
               SAO PAULO
               BRAZIL

(hereinafter referred to as "the Buyer") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have signed on March 19th, 1998 an A320 Family
     Purchase Agreement (hereinafter referred to as "the Purchase Agreement")
     covering the purchase by the Buyer and the sale by the Seller of thirty
     eight (38) A320 Family Aircraft of the A319-100 and A320-200 type (Aircraft
     No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "the Amendment No 1") to
     the A320 Family Purchase Agreement covering changes to the delivery dates
     of some of the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "the Amendment No 2") to
     the A320 Family Purchase Agreement covering certain terms and conditions of
     the Purchase Agreement with respect to the type and delivery rates of the

                                        *

D.   The Buyer and the Seller have entered into an Amendment No 3 on
     January 18th, 2001 (hereinafter referred to as "the Amendment No 3")
     to the A320 Family Purchase Agreement covering the conversion of three (3)
     Option A320-200 Aircraft (Option Aircraft No 1, 2 and 3) into firm
     orders (Firm Aircraft No 39, 40 and 41),

                                        *

E.   The Buyer and the Seller have entered into an Amendment No 4 on
     February 20th, 2001 (hereinafter referred to as "the Amendment No 4")
     to the A320 Family Purchase Agreement covering

                                        *

F.   The Buyer and the Seller have entered into an Amendment No 5 on February
     20th, 2001 (hereinafter referred to as "the Amendment No 5") to the
     A320 Family Purchase Agreement covering four

                                        *

<PAGE>

G.   The Buyer has notified to the Seller (on the 28th of May 2001) of its
     decision to

                                        *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

1-   SCOPE

     The scope of this Amendment No 6 is *

2-   TYPE AND DELIVERY DATES *

     Sub-Clause 9.1 of the Purchase Agreement is therefore cancelled and
     replaced by Sub-Article 9.1 hereof:

QUOTE

     9.1  Delivery Schedule

          Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller
          shall have the Aircraft ready for delivery at the Aircraft final
          assembly line in the following months:

<TABLE>
<CAPTION>
               Delivery Date   Aircraft Type
               -------------   -------------
<S>            <C>             <C>
                                      *
</TABLE>

<PAGE>

                                        *

UNQUOTE

3-   OPTION AIRCRAFT *

     The paragraphs 1.1 and 1.2 of the Letter Agreement No 4 of the A320 Family
     Purchase Agreement as modified by the Amendment No 6 is therefore cancelled
     and replaced by the following Articles 1.1 and 1.2:

QUOTE

     1.1  OPTION

          The Buyer shall have an option to purchase

                                        *

     1.2  OPTION EXERCISE *

          The formal exercise of the Option Aircraft granted to the Buyer in
          accordance with the terms of the present Letter Agreement No 4
          (as modified) shall be made by written notice to the Seller from the
          Buyer at any time during the period commencing with the signature
          hereof and ending on or before the first day of the * month preceding
          the Option Aircraft delivery date.

          In order to valid an exercise of an Option, the Seller shall have
          received in Seller's bank account an initial predelivery payment equal
          to * of the Predelivery Payment Reference Price, corresponding to the
          first Predelivery Payment as defined in Article 3 of the Amendment No
          1 to the Agreement minus the corresponding deposit amounting to *
          already paid by the Buyer as an option fee for each of the * Option
          Aircraft.

                                        *

          In the event that the Buyer falls to timely exercise its option in
          respect of Option Aircraft, the Option Aircraft shall lapse and
          neither party shall

<PAGE>

          have any further rights or obligations hereunder as to such lapsed
          Option Aircraft.

UNQUOTE

4-   DELIVERIES OF OPTION AIRCRAFT

     The paragraph 4 of the Letter Agreement No 4 of the A320 Family Purchase
     Agreement is therefore cancelled and replaced by the following:

QUOTE

                                        *

UNQUOTE

5-   MISCELLANEOUS PROVISIONS

     If not otherwise expressly stated in this Amendment No 6, the A320 Family
     Purchase Agreement, its Exhibits and Letter Agreements shall apply also to
     this Amendment No 6.

     This Amendment No 6 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

     This Amendment No 6 has been executed in two (2) original specimens which
     are in English.

<PAGE>

IN WITNESS WHEREOF this Amendment No 6 was duly entered into the day and year
first above written.

For and on behalf of                    For and on behalf of

T.A.M.                                  AIRBUS INDUSTRIE
TRANSPORTES AEREOS REGIONAIS S.A.

/s/ Jose Zaidan Maluf                   /s/ Guy Brunon
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Guy Brunon
Title: Contract Director                Title: V.P. Contracts

<PAGE>

                                 AMENDMENT NO 7

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                AIRBUS INDUSTRIE
                                  (THE SELLER)

                                       AND

                                     T.A.M.
                        TRANSPORTES AEREOS REGIONAIS S.A.
                                   (THE BUYER)

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES               TITLES
-------               ------
<S>       <C>
   1      Scope
   2      Type and Delivery Dates *
   3      Option aircraft *
   4      Deliveries of option aircraft
   5      Miscellaneous Provisions
</TABLE>

<PAGE>

                                 AMENDMENT NO 7
                                     TO THE
                             A320 PURCHASE AGREEMENT

This Amendment No 7 is made as of the 08th day of October 2001 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS INDUSTRIE. GIE "Groupement d'lnteret Economique" duly created and
existing under French law and having its principal office at:

               1, rond-point Maurice Bellonte

               31707 BLAGNAC CEDEX

               FRANCE

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

AND

T.A.M. - TRANSPORTES AEREOS REGIONAIS S.A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP - 04357 - 080

               SAO PAULO

               BRAZIL

(hereinafter referred to as "the Buyer") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have signed on March 19th, 1998 an A320 Family
     Purchase Agreement (hereinafter referred to as "the A320 Family Purchase
     Agreement") covering the purchase by the Buyer and the sale by the Seller
     of thirty eight (38) A320 Family Aircraft of the A319-100 and A320-200 type
     (Aircraft No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "the Amendment No 1") to the
     A320 Family Purchase Agreement covering changes to the delivery dates of
     some of the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "the Amendment
     No 2") to the A320 Family Purchase Agreement covering certain terms
     and conditions of the Purchase Agreement with respect to the type and
     delivery dates of the Aircraft *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "the Amendment No 3") to the A320
     Family Purchase Agreement covering the conversion of three (3) Option
     A320-200 Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm
     Aircraft No 39, 40 AND 41) *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "the Amendment No 4") to the A320
     Family Purchase Agreement covering

                                       *

F.   The Buyer and the Seller have entered into an Amendment No 5 on February
     20th, 2001 (hereinafter referred to as "the Amendment No 5") to the A320
     Family Purchase Agreement covering four * having the similar exchange
     rights.

<PAGE>

G.   The Buyer and the Seller have entered into an Amendment No 6 on February
     20th, 2001 (hereinafter referred to as "the Amendment No 6") to the A320
     Family Purchase Agreement

                                        *

H.   The Buyer has moyified the Seller on the 01st of July 2001 of its dedcision
     to

                                        *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

1-   SCOPE

     The scope of this Amendment No 7 is *

2-   TYPE AND DELIVERY DATES OF FIRM AIRCRAFT

     Sub-Clause 9.1 of the A320 Family Purchase Agreement is therefore cancelled
     and replaced by Sub-Article 9.1 hereof:

QUOTE

     9.1  Delivery Schedule

          Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller
          shall have the Aircraft ready for delivery at the Aircraft final
          assembly line in the following months:

<TABLE>
<CAPTION>
               Delivery Date   Aircraft Type
               -------------   -------------
<S>            <C>             <C>
                                *
</TABLE>

<PAGE>

                                        *

UNQUOTE

3-   OPTION AIRCRAFT *

     The paragraphs 1.1 and 1.2 of the Letter Agreement No 4 of the A320 Family
     Purchase Agreement as modified by the Amendment No 7 is therefore cancelled
     and replaced by the following Articles 1.1 and 1.2:

QUOTE

     1.1  OPTION

          The Buyer shall have an option to purchase up to additional Aircraft
          (hereinafter called the "Option Aircraft"

                                       *

     1.2  OPTION EXERCISE:

          The formal exercise of the Option Aircraft granted to the Buyer in
          accordance with the terms of the present Letter Agreement No 4 (as
          modified) shall be made by written notice to the Seller from the Buyer
          at any time during the period commencing with the signature hereof and
          ending on or before the first day of the * month preceding the Option
          Aircraft delivery date.

          In order to valid an exercise of an Option, the Seller shall have
          received in Seller's bank account an initial predelivery payment equal
          to * of the Predelivery Payment Reference Price, corresponding to the
          first Predelivery Payment as defined in Clause 5.2.1.2 of the A320
          Family Purchase Agreement minus the corresponding deposit amounting to
          * already paid by the Buyer as an option fee for each of the 18
          Option Aircaft.

                                       *

<PAGE>

          In the event that the Buyer falls to timely exercise its option in
          respect of Option Aircraft, the Option Aircraft shall lapse and
          neither party shall have any further rights or obligations hereunder
          as to such lapsed Option Aircraft

UNQUOTE

4-   DELIVERIES OF OPTION AIRCRAFT

     The paragraph 4 of the Letter Agreement No 4 of the A320 Family Purchase
     Agreement is therefore cancelled and replaced by the following:

QUOTE

                                       *

UNQUOTE

5-   MISCELLANEOUS PROVISIONS

     If not otherwise expressly stated in this Amendment No 7, the A320 Family
     Purchase Agreement, its Exhibits and Letter Agreements shall apply also to
     this Amendment No 7.

     This Amendment No 7 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

     This Amendment No 7 has been executed in two (2) original specimens which
     are in English.

<PAGE>

IN WITNESS WHEREOF this Amendment No 7 was duly entered into the day and year
first above written.

For and on behalf of                    For and on behalf of

T.A.M.
TRANSPORTES AEREOS REGIONAIS S.A.       AIRBUS INDUSTRIE

/s/ Jose Zaidan Maluf                   /s/ Francis Robillard
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Francis Robillard
Title: Contract Director                Title: Contract Director

<PAGE>

                                 AMENDMENT NO 8

                                  TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

                                     AIRBUS

                                      AND

                                     T.A.M.
                        TRANSPORTES AEREOS REGIONAIS S.A.

<PAGE>

                                 AMENDMENT NO 8
                                     TO THE
                             A320 PURCHASE AGREEMENT

This Amendment No 8 is made as of the 8th day of March 2002 to the A320 Purchase
Agreement signed on March 19th, 1998

Between

AIRBUS GIE a "Groupement d'lnteret Economique" duly created and existing under
French law and having its principal office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX

               FRANCE

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

T.A.M. - TRANSPOTES AEREOS REGIONAIS S.A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP-04357-080

               SAO PAULO

               BRAZIL

(hereinafter referred to as "THE BUYER") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have on March 19th, 1998 entered into an A320
     Family Purchase Agreement (hereinafter referred to as "THE A320 FAMILY
     PURCHASE AGREEMENT") covering the purchase by the Buyer and the sale by the
     Seller of thirty eight (38) A320 Family Aircraft (each an "AIRCRAFT) of
     the A319-100 and A320-200 type (Aircraft No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "AMENDMENT NO 1) to the A320
     Family Purchase Agreement covering changes to the delivery dates of some of
     the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "AMENDMENT NO 2") to the A320
     Family Purchase Agreement covering certain terms and conditions of the A320
     Family Purchase Agreement with respect to the type and delivery dates of
     the Aircraft

                                        *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "AMENDMENT NO 3") to the A320 Family
     Purchase Agreement covering the conversion of three (3) Option A320-200
     Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm Aircraft No
     39, 40 and 41)

                                       *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "AMENDMENT NO 4") to the A320 Family
     Purchase Agreement covering

                                       *

F.   The Buyer and the Seller have entered into an Amendment No 5 on March 19th,
     2001 (hereinafter referred to as "AMENDMENT NO 5") to the A320 Family
     Purchase Agreement covering

                                       *

<PAGE>

G.   The Buyer and the Seller have entered into an Amendment No 6 on July 27th,
     2001 (hereinafter referred to as "AMENDMENT NO 6") to the A320 Family
     Purchase Agreement

                                       *

H.   The Buyer and the Seller have entered into an Amendment No 7 on September
     06th, 2001 (hereinafter referred to as "AMENDMENT NO 7") to the A320 Family
     Purchase Agreement covering

                                       *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
    1     Scope
    2
    3
    4
    5
    6     *
    7
    8
    9     Delivery Dates
   10     *
   11     Termination
   12     Miscellaneous Provisions
</TABLE>

<PAGE>

1-   SCOPE

     The scope of this Amendment No 8 is

                               [6 pages redacted]

                                        *

<PAGE>

11-  TERMINATION

     It is expressly agreed between the parties that any of the following events
     will constitute a termination event, enabling the Seller to terminate the
     A320 Family Purchase Agreement by written notice to the Buyer:

     (a)  Buyer is in default in respect of any of its material obligations
          pursuant to the A320 Family Purchase Agreement;

     (b)  Buyer is in default in respect of any of its material obligations
          under any financing provided to Buyer by Seller, its affiliates or
          subsidiaries.

12-  MISCELLANEOUS PROVISIONS

     This Amendment No 8 shall be without prejudice to Seller's rights under the
     A320 Family Purchase Agreement, at law and/or otherwise in the event of any
     default under the A320 Family Purchase Agreement.

     If not otherwise expressly stated in this Amendment No 8, the A320 Family
     Purchase Agreement, its Exhibits and Letter Agreements shall apply also to
     this Amendment No 8.

     This Amendment No 8 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

<PAGE>

This Amendment No 8 has been executed in two (2) original specimens which are in
English.

IN WITNESS WHEREOF this Amendment No. 8 to the A320 Family Purchase Agreement
was duly entered into the day and year first above written.

For and on behalf of                    For and on behalf of

T.A.M.                                  AIRBUS
TRANSPORTSES AEREOS REGIONAIS S. A.

/s/ Jose Zaidan Maluf                   /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Christian Scherer
Title: Contract Director                Title: Senior Vice-President
                                               Transactions and Control
                                               Deputy Head of Commercial

<PAGE>

                                   APPENDIX A

                                        *

                                   APPENDIX B

                                        *

<PAGE>

                                   APPENDIX C

                                        *

<PAGE>

                                 AMENDMENT NO 9

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

               AIRBUS GIE (FORMERLY KNOWN AS AIRBUS INDUSTRIE GIE)

                                       AND

                                     T.A.M.
                        TRANSPORTES AEREOS REGIONAIS S.A.

<PAGE>

                                 AMENDMENT NO 9
                                     TO THE
                             A320 PURCHASE AGREEMENT

This Amendment No 9 is made as of the 26th day of April 2002 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS GIE (formerly known as Airbus Industrie GIE), having its principal office
at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX

               FRANCE

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

AND

T.A.M. - TRANSPORTES AEREOS REGIONAIS S.A. having its principal office at:

               Rua Monsenhor Antonio Pepe, 94
               JD Aeroporto
               CEP-04357-080

               SAO PAULO

               BRAZIL

(hereinafter referred to as "THE BUYER") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have on March 19th, 1998 entered into an A320
     Family Purchase Agreement (hereinafter referred to as THE A320 FAMILY
     PURCHASE AGREEMENT") covering the purchase by the Buyer and the sale by the
     Seller of thirty eight (38) A320 Family Aircraft (each an "AIRCRAFT") of
     the A319-100 and A320-200 type (Aircraft No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "AMENDMENT NO 1") to
     the A320 Family Purchase Agreement covering changes to the delivery dates
     of some of the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "AMENDMENT NO 2") to
     the A320 Family Purchase Agreement covering certain terms and conditions of
     the A320 Family Purchase Agreement with respect to the type and delivery
     dates of the * Aircraft

                                        *

D.   The Buyer and the Seller have entered into an Amendment No 3 on
     January 18th, 2001 (hereinafter referred to as "AMENDMENT NO 3") to
     the A320 Family Purchase Agreement covering the conversion of three (3)
     Option A320-200 Aircraft (Option Aircraft No 1, 2 and 3) into firm
     orders (Firm Aircraft No 39, 40 and 41),

                                        *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "AMENDMENT NO 4") to the A320 Family
     Purchase Agreement covering

                                        *

F.   The Buyer and the Seller have entered into an Amendment No 5 on March 19th,
     2001 (hereinafter referred to as "AMENDMENT NO 5") to the A320 Family
     Purchase Agreement covering

                                        *

<PAGE>

G.   The Buyer and the seller have entered into an Amendment No 6 on July 27th,
     2001 (hereinafter referred to as "AMENDMENT NO 6") to the A320 Family
     Purchase Agreement covering the conversion of one (1) Option A320-200
     Aircraft (Option Aircraft No 4) into a firm order (Firm Aircraft No 42),

                                        *

H.   The Buyer and the Seller have entered into an Amendment No 7 on September
     06th, 2001 (hereinafter referred to as "AMENDMENT NO 7") TO the A320 Family
     Purchase Agreement

                                        *

I.   The Buyer and the Seller have entered into an Amendment No 8 on April
     08th, 2002 (hereinafter referred to as "AMENDMENT No 8") to the A320
     Family Purchase Agreement covering the advancement two (2) A319 delivery
     slots from February and April 2004 to May 2002

                                        *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
   1      Scope
   2      Delivery Dates
   3      Miscellaneous Provisions
</TABLE>

<PAGE>

1-   SCOPE

     The scope of this Amendment No 9 is to confirm the agreement by the
     Seller and the Buyer

                                       *

2-   DELIVERY DATES

                                       *

<PAGE>

3-   MISCELLANEOUS PROVISIONS

     This Amendment No 9 shall be without prejudice to Seller's rights under the
     A320 Family Purchase Agreement, at law and/or otherwise in the event of any
     default under the A320 Family Purchase Agreement.

     If not otherwise expressly stated in this Amendment No 9, the A320 Family
     Purchase Agreement, its Exhibits and Letter Agreements shall apply also to
     this Amendment No 9.

     This Amendment No 9 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

This Amendment No 9 has been executed in two (2) original specimens which are in
English.

IN WITNESS WHEREOF this Amendment NO 9 to the A320 Family Purchase Agreement was
duly entered into the day and year first above written.

For and on behalf of                    For and on behalf of

T.A.M.                                  AIRBUS
TRANSPORTES AEREOS REGIONAIS S.A.

/s/ Jose Zaidan Maluf                   /s/ Guy Brunon
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name: Guy Brunon
Title: Contract Director                Title: V.P.Contracts

<PAGE>

                                 AMENDMENT NO 10

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

            AIRBUS S.N.C. (FORMERLY KNOWN AS AIRBUS INDUSTRIE G I E)

                                       AND

                          T.A.M. - LINHAS AEREAS S. A.
          (FORMERLY KNOWN AS TAM - TRANSPORTES AEREOS MERIDIONAIS S.A.)

<PAGE>

                                 AMENDMENT NO 10
                                     TO THE
                             A320 PURCHASE AGREEMENT

This Amendment No 10 is made as of the ___th day of April 2004 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS S.N.C. (formerly known as Airbus Industrie GIE), having its principal
office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX

               FRANCE

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

AND

T.A.M. - LINHAS AEREAS S.A. (formerly TAM - TRANSPORTES AEREOS MERIDIONAIS S.A).
as successor of TAM - TRANSPORTES AEREOS REGIONAIS S.A, having its principal
office at:

               Avenida Jurandir, 856, 40 andar, Lote 4,
               CEP 04072 - 000, Jardim CECI
               SAO PAULO - SP

               BRAZIL

(herein after referred to as "THE BUYER") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have on March 19th, 1998 entered into an A320
     Family Purchase Agreement (hereinafter referred to as "THE A320 FAMILY
     PURCHASE AGREEMENT") covering the purchase by the Buyer and the sale by the
     Seller of thirty eight (38) A320 Family Aircraft (each an "AIRCRAFT") of
     the A319-100 and A320-200 type (Aircraft No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "AMENDMENT NO 1") to the A320
     Family Purchase Agreement covering changes to the delivery dates of some of
     the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "AMENDMENT NO 2") to the A320
     Family Purchase Agreement covering certain terms and conditions of the A320
     Family Purchase Agreement with respect to the type and delivery dates of
     the ____ Aircraft

                                        *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "AMENDMENT NO 3") to the A320 Family
     Purchase Agreement covering the conversion of three (3) Option A320-200
     Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm Aircraft No
     39, 40 and 41),

                                        *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "AMENDMENT NO 4") to the A320 Family
     Purchase Agreement covering

                                        *

F.   The Buyer and the Seller have entered into an Amendment No 5 on March 19th,
     2001 (hereinafter referred to as "AMENDMENT NO 5") to the A320 Family
     Purchase Agreement covering

                                        *

<PAGE>

G.   The Buyer and the Seller have entered into an Amendment No 6 on July 27th,
     2001 (hereinafter referred to as "AMENDMENT NO 6") to the A320 Family
     Purchase Agreement

                                        *

H.   The Buyer and the Seller have entered into an Amendment No 7 on September
     06th, 2001 (hereinafter referred to as "AMENDMENT NO 7") to the A320 Family
     Purchase Agreement

                                        *

I.   The Buyer and the Seller have entered into an Amendment No 8 on April 08th,
     2002 (hereinafter referred to as "AMENDMENT NO 8") to the A320 Family
     Purchase Agreement covering the advancement of two (2) A319 delivery slots
     from February and April 2004 to May 2002

                                        *

J.   The Buyer and the Seller have entered into an Amendment No 9 on April 26th,
     2002 (hereinafter referred to as "AMENDMENT NO 9") to the A320 Family
     Purchase Agreement covering the change of the type and delivery dates of

                                        *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
   1      Scope
   2      Aircraft Configuration
   3      Landing Performance Guarantee at Santos
          Dumont Airport (SDU)
   4      Guarantee Conditions
   5      Guarantee Compliance
   6      Adjustment of the Guarantees
   7      Undertaking Remedies
   8      Miscellaneous Provisions
</TABLE>

<PAGE>

1    SCOPE

     The scope of this Amendment No 10 is to describe the improved
     performance guarantee due to the embodiment of the lift Improvement Package
     ("UP") on some A320-232 Aircraft powered by International Aero Engines
     (IAE) V2527-A5 engines and operated by the Buyer.

2    AIRCRAFT CONFIGURATION

     The guarantee defined below ("the Guarantee") is applicable to the A320-232
     Aircraft powered by International Aero Engines (IAE) V2527-A5 engines and
     equipped with the Lift Improvement Package ("LIP") according to the
     Retrofit Modification Offer ("RMO") TAM 0312-03-04.

3    LANDING PERFORMANCE GUARANTEE AT SANTOS DUMONT (SDU)

     The FAR Aircraft permissible Landing Weight when operated in airport
     conditions as defined below (assumed representative of of SDU runway 20L):

          Pressure Attitude
          Temperature
          Available Landing Distance (LDA)   *
          Runway Slope
          Wind

     shall not be less than a guaranteed value of:

3.1  * kg on dry runway
3.2  * kg on wet runway.

4    GUARANTEE CONDITIONS

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

4.2  For the determination of FAR landing performance a hard level runway with
     Porous Friction Course ("PFC") surface, with no runway strength limitation,
     no obstacles, zero wind, atmosphere according to ISA, except as otherwise
     stated, and the use of speed brakes, flaps, associated speeds, landing gear
     and engines in the conditions liable to provide the best results will be
     assumed.

<PAGE>

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 landing elements of the Guarantees will be demonstrated
     with reference to the approved Flight Manual.

5.3  Data derived from flight 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.

5.4  The Seller undertakes to furnish the Buyer with a report or reports
     demonstrating compliance with the Guarantee at, or as soon as possible
     after, the installation of the LIP on the first of the Buyer's A320-232
     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 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 Aircraft as described in paragraph 2 and may be
     adjusted in the event of any further configuration change which is the
     subject of a SCN/RMO.

7    UNDERTAKING REMEDIES

7.1  Should any Aircraft fail to meet any of the guarantee specified in this
     Amendment No 10 to the Purchase Agreement, the Seller will use its
     reasonable endeavours, at Seller's cost and expense, to correct the
     deficiency so that the Aircraft comply with the guarantee set out herein.

7.2  Should the Seller fail to develop and make available corrective means
     (including but not limited to kits, procedures) of the above said
     deficiency, then the Seller shall for the concerned Aircraft pay to the
     Buyer by way of liquidated damages upon delivery and, subject to Seller's
     maximum liability set forth hereunder, on the anniversary date of the
     delivery for as long as the deficiency remains, an amount of 58 US$ (FIFTY
     EIGHT US Dollars) for each kilogram deficient per Aircraft and per year
     based on the deficiency expressed in kilograms of the Landing performance
     guarantee.

<PAGE>

7.3  In the event the Seller develops and makes available corrective means
     mentioned above the Buyer shall reimburse to the Seller the monthly
     prorated portion of the yearly penalty paid by the Seller on account of the
     year during which the corrective means are made available.

7.4  The Seller's maximum liability in respect of deficiency in performance of
     any Aircraft shall be limited to the payment of liquidated damages for a
     period of not more than * and up to an aggregated value of * for each
     deficient Aircraft, whichever occurs first. Payment of liquidated damages
     shall be deemed to settle all claims and remedies the Buyer would have
     against the Seller in respect of landing performance deficiencies.

8.   MISCELLANEOUS PROVISIONS

     This Amendment No 10 shall be without prejudice to Seller's rights
     under the A320 Family Purchase Agreement, at law and/or otherwise in the
     event of any default under the A320 Family Purchase Agreement.

     If not otherwise expressly stated in this Amendment No 10, the A320
     Family Purchase Agreement, its Exhibits and Letter Agreements shall apply
     also to this Amendment No 10.

     This Amendment No 10 supersedes any previous understandings,
     commitments or representations whatsoever oral or written with respect to
     the matters referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

This Amendment No 10 has been executed in two (2) original specimens which
are in English.

IN WITNESS WHEREOF this Amendment No 10 to the A320 Family Purchase
Agreement was duly entered into the day and year first above written.

For and on behalf of                    For and on behalf of

T.A.M. - LINHAS AEREAS S.A.             AIRBUS S.N.C.

/s/ Jose Zaidan Maluf
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name:
Title: Contract Director                       ---------------------------------
                                        Title:
                                               ---------------------------------

<PAGE>

                                 AMENDMENT NO 11

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

           AIRBUS S. N. C. (FORMERLY KNOWN AS AIRBUS INDUSTRIE G I E)

                                       AND

                           T.A.M. - LINHAS AEREAS S.A.
          (FORMERLY KNOWN AS TAM - TRANSPORTES AEREOS MERIDIONAIS S.A.)

<PAGE>

                                 AMENDMENT NO 11
                                     TO THE
                            A320 PURCHASE AGREEMENT

This Amendment No 11 is made as of the ____th day of April 2004 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS S.N.C. (formerly known as Airbus Industrie GIE), having its principal
office at

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX

               FRANCE

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

AND

T.A.M.- LINHAS AEREAS S.A. (formerly TAM - TRANSPORTES
AEREOS MERIDIONAIS S.A). as successor of TAM -TRANSPORTES
AEREOS
REGIONAIS S.A, having its principal office at:

               Avenida Jufandir, 856,40 andar, Lote 4,
               CEP 04072 - 000, Jardim CECI
               SAO PAULO - SP

               BRAZIL

(herein after referred to as "THE BUYER") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have on March 19th, 1998 entered into an A320
     Family Purchase Agreement (hereinafter referred to as "THE A320 FAMILY
     PURCHASE AGREEMENT") covering the purchase by the Buyer and the sale by the
     Seller of thirty eight (38) A320 Family Aircraft (each an "AIRCRAFT") of
     the A319-100 and A32O-20O type (Aircraft No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment NO 1 (hereinafter referred to as "AMENDMENT NO 1") to the
     A320 Family Purchase Agreement covering changes to the delivery dates of
     some of the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "AMENDMENT NO 2") to
     the A320 Family Purchase Agreement covering certain terms and conditions of
     the A320 Family Purchase Agreement with respect to the type and delivery
     dates of the * Aircraft

                                       *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "AMENDMENT NO 3") to the A320 Family
     Purchase Agreement covering the conversion of three (3) Option A320-200
     Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm Aircraft No
     39, 40 and 41),

                                       *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "AMENDMENT NO 4") to the A320 Family
     Purchase Agreement covering

                                       *

F.   The Buyer and the Seller have entered into an Amendment No 5 ON March 19th,
     2001 (hereinafter referred to as "AMENDMENT NO 5") to the A320 Family
     Purchase Agreement covering

                                       *

<PAGE>

G.   The Buyer and the Seller have entered into an Amendment No 6 on July
     27th, 2001 (hereinafter referred to as "AMENDMENT NO 6") tO The A320
     Family Purchase Agreement covering

                                       *

H.   The Buyer and the Seller have entered into an Amendment No 7 on
     September 06th, 2001 (hereinafter referred to as "AMENDMENT NO 7") to
     the A320 Family Purchase Agreement

                                       *

I.   The Buyer and the Seller have entered into an Amendment No 8 on April
     08th, 2002 (hereinafter referred to as "AMENDMENT NO 8") tO the A320 Family
     Purchase Agreement covering the advancement of two (2) A319 delivery slots
     from February and April 2004 to May 2002

                                       *

J.   The Buyer and the Seller have entered into an Amendment No 9 on April 26th,
     2002 (hereinafter referred to as "AMENDMENT NO 9") to the A320 Family
     Purchase Agreement covering the change of the type and delivery dates of

                                       *

<PAGE>

K.   The Buyer and the Seller have entered into an Amendment No 10 on April
     ___th, 2004 (hereinafter referred to as "AMENDMENT NO 10") to the A320
     Family Purchase Agreement covering

                                        *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES            TITLES
-------            ------
<S>       <C>
   1      Scope
   2      Delivery Dates
   3      *
   4      Miscellaneous Provisions
</TABLE>
<PAGE>

1-   SCOPE

     The scope of this Amendment No 11 is to confirm the agreement by the Seller
     and the Buyer to convert the delivery dates of

                                        *

2-   DELIVERY DATES

QUOTE

9.1  Delivery Schedule

     Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller shall
     have the Aircraft ready for delivery at the Aircraft final assembly line in
     the following months:

<TABLE>
Aircraft Contractual Rank   Delivery Date   MSN   Aircraft Type
-------------------------   -------------   ---   -------------
<S>                         <C>             <C>   <C>
                                  *

</TABLE>
<PAGE>

                                        *

UNQUOTE

                                        *

4-   MISCELLANEOUS PROVISIONS

     This Amendment No 11 shall be without prejudice to Seller's rights
     under the A320 Family Purchase Agreement, at law and/or otherwise in the
     event of any default under the A320 Family Purchase Agreement.

     If not otherwise expressly stated in this Amendment No 11, the A320
     Family Purchase Agreement, its Exhibits and Letter Agreements shall apply
     also to this Amendment No 11.

     This Amendment No 11 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the Purchase Agreement and the
     present Amendment, the latter shall prevail to the extent of said
     inconsistency.

<PAGE>

     This Amendment No 11 has been executed in two (2) original specimens which
     are in English.

     IN WITNESS WHEREOF this Amendment No 11 to the A320 Family Purchase
     Agreement was duly entered into the day and year first above written.

For and on behalf of                    For and on behalf of

T.A.M. - LINHAS AEREAS S.A.             AIRBUS S.N.C.

/s/ Jose Zaidan Maluf
-------------------------------------   ----------------------------------------
Name: Jose Zaidan Maluf                 Name:
Title: Contract Director                      ----------------------------------
                                        Title:
                                               ---------------------------------

<PAGE>

                                 AMENDMENT NO 12

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

            AIRBUS S.A.S. (FORMERLY KNOWN AS AIRBUS INDUSTRIE G I E)

                                       AND

                             TAM-LINHAS AEREAS S.A.
          (FORMERLY KNOWN AS TAM - TRANSPORTES AEREOS MERIDIONAIS S.A.)

<PAGE>

                                 AMENDMENT NO 12
                                     TO THE
                             A320 PURCHASE AGREEMENT

This Amendment No 12 is made as of the 16th day of June 2005 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS S.A.S. (formerly known as Airbus Industrie GIE), having its principal
office at:
               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX

               FRANCE

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

AND

TAM- LINHAS AEREAS S.A. (formerly TAM - TRANSPORTES
AEREOS MERIDIONAIS S.A). as successor of TAM -TRANSPORTES AEREOS
REGIONAIS S.A, having its principal office at:

               Avenida Jurandir, 856, 40 andar, Lote 4,
               CEP 04072 - 000, Jardim CECI
               SAO PAULO - SP

               BRAZIL

(herein after referred to as "THE BUYER") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have on March 19th, 1998 entered into an A320
     Family Purchase Agreement (hereinafter referred to as "THE A320 FAMILY
     PURCHASE AGREEMENT") covering the purchase by the Buyer and the sale by the
     Seller of thirty eight (38) A320 Family Aircraft (each an "AIRCRAFT") of
     the A319-100 and A320-200 type (Aircraft No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "AMENDMENT NO 1") to the A320
     Family Purchase Agreement covering changes to the delivery dates of some of
     the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "AMENDMENT NO 2") to the A320
     Family Purchase Agreement covering certain terms and conditions of the A320
     Family Purchase Agreement with respect to the type and delivery dates of
     the * Aircraft

                                        *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "AMENDMENT N0 3") to the A320 Family
     Purchase Agreement covering the conversion of three (3) Option A320-200
     Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm Aircraft No
     39, 40 and 41),

                                       *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "AMENDMENT NO 4") to the A320 Family
     Purchase Agreement covering

                                       *

F.   The Buyer and the Seller have entered into an Amendment No 5 on March 19th,
     2001 (hereinafter referred to as "AMENDMENT NO 5") to the A320 Family
     Purchase Agreement covering

                                       *

G.   The Buyer and the Seller have entered into an Amendment No 6 on July 27th,
     2001 (hereinafter referred to as "AMENDMENT NO 6") to the A320 Family
     Purchase Agreement covering

                                       *

<PAGE>

H.   The Buyer and the Seller have entered into an Amendment No 7 on September
     06, 2001 (hereinafter referred to as "AMENDMENT NO 7") to the A320 Family
     Purchase Agreement

                                        *

I.   The Buyer and the Seller have entered into an Amendment No 8 on April 08th,
     2002 (hereinafter referred to as "AMENDMENT NO 8") to the A320 Family
     Purchase Agreement covering the advancement of two (2) A319 delivery slots
     from February and April 2004 to May 2002

                                       *

J.   The Buyer and the Seller have entered into an Amendment No 9 on April 26th,
     2002 (hereinafter referred to as "AMENDMENT NO 9") to the A320 Family
     Purchase Agreement covering the change of the type and delivery dates of

                                       *

K.   The Buyer and the Seller have entered into an Amendment No 10 on April
     08th, 2004 (hereinafter referred to as "AMENDMENT NO 10") to the A320
     Family Purchase Agreement covering.

                                       *

L.   The Buyer and the Seller have entered into an Amendment No 11 on April
     08th, 2004 (hereinafter referred to as "AMENDMENT NO 11") to the A320
     Family Purchase Agreement covering the change of the delivery dates of the

                                       *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES            TITLES
-------            ------
<S>       <C>

   1      Scope

   2

   3

   4

   5

   6      *

   7

   8

   9

   10

   11

   12     Miscellaneous Provisions
</TABLE>

<PAGE>

1-   SCOPE

     The scope of this Amendment No 12 is to record the agreement of the Buyer
     and the Seller;

                                       *

<PAGE>

                               [33 pages redacted]

                                       *
<PAGE>

This Amendment No 12 has been executed in two (2) original specimens which are
in English.

IN WITNESS WHEREOF this Amendment No 12 to the A320 Family Purchase Agreement
was duly entered into the day and year first above written.

For and on behalf of                    For and on behalf of

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/                                     /s/
-------------------------------------   ----------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

WITNESS                                 WITNESS

                                        /s/
-------------------------------------   ----------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

<PAGE>

                                 AMENDMENT NO 13

                                   TO THE A320

                               PURCHASE AGREEMENT

                                     BETWEEN

             AIRBUS S.A.S. (FORMERLY KNOWN AS AIRBUS INDUSTRIE GIE)

                                       AND

                            TAM - LINHAS AEREAS S.A.
          (FORMERLY KNOWN AS TAM - TRANSPORTES AEREOS MERIDIONAIS S.A.)

<PAGE>

                                 AMENDMENT NO 13
                                     TO THE
                            A320 PURCHASE AGREEMENT

This Amendment No 13 is made as of the 16th day of June 2005 to the A320
Purchase Agreement signed on March 19th, 1998

Between

AIRBUS S.A.S. (formerly known as Airbus Industrie GIE), having its principal
office at:

               1, rond-point Maurice Bellonte
               31707 BLAGNAC CEDEX
               FRANCE

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

AND

TAM- LINHAS AEREAS S.A. (formerly TAM - TRANSPORTES AEREOS MERIDIONAIS S.A), as
successor of TAM - TRANSPORTES AEREOS REGIONAIS S.A, having its principal office
at:

               Avenida Jurandir, 856, 40 andar, Lote 4,
               CEP 04072 - 000, Jardim CECI
               SAO PAULO - SP
               BRAZIL

(herein after referred to as "THE BUYER") of the other part.

<PAGE>

WHEREAS

A.   The Buyer and the Seller have on March 19th, 1998 entered into an A320
     Family Purchase Agreement (hereinafter referred to as THE A320 FAMILY
     PURCHASE AGREEMENT") covering the purchase by the Buyer and the sale by the
     Seller of thirty eight (38) A320 family Aircraft (each an "AIRCRAFT") of
     the A319-100 and A320-200 type (Aircraft No 1 to No 38).

B.   The Buyer and the Seller have on February 16th, 1999 entered into an
     Amendment No 1 (hereinafter referred to as "AMENDMENT NO 1") to the A320
     Family Purchase Agreement covering changes to the delivery dates of some of
     the Aircraft.

C.   The Buyer and the Seller have on October 04th, 2000 entered into an
     Amendment No 2 (hereinafter referred to as "AMENDMENT NO 2") to the A320
     Family Purchase Agreement covering certain terms and conditions of the A320
     Family Purchase Agreement with respect to the type and delivery dates of
     the * Aircraft

                                       *

D.   The Buyer and the Seller have entered into an Amendment No 3 on January
     18th, 2001 (hereinafter referred to as "AMENDMENT NO 3") to the A320 Family
     Purchase Agreement covering the conversion of three (3) Option A320-200
     Aircraft (Option Aircraft No 1, 2 and 3) into firm orders (Firm Aircraft No
     39, 40 and 41),

                                       *

E.   The Buyer and the Seller have entered into an Amendment No 4 on February
     20th, 2001 (hereinafter referred to as "AMENDMENT NO 4") to the A320 Family
     Purchase Agreement covering

                                       *

F.   The Buyer and the Seller have entered into an Amendment No 5 on March 19th,
     2001 (hereinafter referred to as "AMENDMENT NO 5") to the A320 Family
     Purchase Agreement covering

                                       *

G.   The Buyer and the Seller have entered into an Amendment No 6 on July 27th,
     2001 (hereinafter referred to as "AMENDMENT NO 6") to the A320 Family
     Purchase Agreement covering

                                       *

<PAGE>

H.   The Buyer and the Seller have entered into an Amendment No 7 on September
     06th, 2001 (hereinafter referred to as "AMENDMENT NO 7") to the A320 Family
     Purchase Agreement

                                       *

I.   The Buyer and the Seller have entered into an Amendment No 8 on April 08th,
     2002 (hereinafter referred to as "AMENDMENT NO 8") to the A320 Family
     Purchase Agreement covering the advancement of two (2) A319 delivery slots
     from February and April 2004 to May 2002

     (ii)                               *

J.   The Buyer and the Seller have entered into an Amendment No 9 on April 26th,
     2002 (hereinafter referred to as "AMENDMENT NO 9") to the A320 Family
     Purchase Agreement covering the change of the type and delivery dates of

                                       *

K.   The Buyer and the Seller have entered into an Amendment No 10 on April
     08th, 2004 (hereinafter referred to as "AMENDMENT NO 10") to the A320
     Family Purchase Agreement covering

                                       *

L.   The Buyer and the Seller have entered into an Amendment No 11 on April
     08th, 2004 (hereinafter referred to as "AMENDMENT NO 11") to the A320
     Family Purchase Agreement covering the change of the delivery dates of the

                                       *

M.   The Buyer and the Seller have entered into an Amendment No 12 on June 16th,
     2005 (hereinafter referred to as "AMENDMENT NO 12") to the A320 Family
     Purchase Agreement covering

<PAGE>

                                       *

NOW THEREFORE IT IS AGREED AS FOLLOWS:

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
1         Scope
2         * Delivery Dates
3
4         *
5
6
7
8
9         Option Rights
10        *
11
12        Miscellaneous Provisions
</TABLE>

<PAGE>

1-   SCOPE

     The scope of this Amendment No 13 is to amend certain provisions of the
     A320 Family Purchase Agreement,

                                       *

2-   * AIRCRAFT DELIVERY DATED

     Sub-Clause 9.1 of the A320 Family Purchase Agreement is hereby cancelled
     and replaced by the following:

QUOTE

9.1  Delivery Schedule

     Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller shall
     have the Aircraft ready for delivery at the Aircraft final assembly line in
     the following months:

<TABLE>
<CAPTION>
Aircraft Contractual Rank   Delivery Date   MSN   Aircraft Type
-------------------------   -------------   ---   -------------
<S>                         <C>             <C>   <C>
                            *
</TABLE>

<PAGE>

                               [7 pages redacted]

                                       *
<PAGE>

                                       *

12   MISCELLANEOUS PROVISIONS

     This Amendment No 13 shall be without prejudice to the rights of the Seller
     and the Buyer under the A320 Family Purchase Agreement, at law and/or
     otherwise. If not otherwise expressly stated in this Amendment No 13, the
     A320 Family Purchase Agreement, its Exhibits and Letter Agreements shall
     apply also to this Amendment No 13.

     This Amendment No 13 supersedes any previous understandings, commitments or
     representations whatsoever oral or written with respect to the matters
     referred to herein.

     Capitalized terms used herein and not otherwise defined herein shall have
     the meanings assigned thereto in the A320 Family Purchase Agreement, its
     Exhibits and Letter Agreements.

     In the event of any inconsistency between the A320 Family Purchase
     Agreement and the present Amendment No 13, the latter shall prevail to the
     extent of said inconsistency.

<PAGE>

This Amendment No 13 has been executed in two (2) original specimens which are
in English.

IN WITNESS WHEREOF this Amendment No 13 to the A320 Family Purchase Agreement
was duly entered into the day and year first above written.

For and on behalf of                    For and on behalf of

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/                                     /s/
-------------------------------------   ----------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

WITNESS                                 WITNESS

                                        /s/
-------------------------------------   ----------------------------------------
Name:                                   Name:
      -------------------------------         ----------------------------------
Title:                                  Title:
       ------------------------------          ---------------------------------

<PAGE>

                        EXHIBIT A TO THE AMENDMENT NO 13

The seller have developed AIRMAN software dedicated to maintenance operation for
new aircraft equipped with on-board monitoring function. The three major
functions of AIRMAN are line maintenance, hangar maintenance and engineering.

With license reference GCS/062.0037/02-issue 3 * TAM aircraft are scheduled to
be connected in June / July 05 for a duration of * years.

                                       *<PAGE>
*    Confidential treatment has been requested for portions of this
     exhibit. The copy filed herewith omits the information subject to the
     confidentiality request. Omissions are designated as "*". A complete
     version of this exhibit has been filed separately with the Securities and
     Exchange Commission.

                                                                    Exhibit 10.2

                                      A350

                               PURCHASE AGREEMENT

                                     BETWEEN

                                  AIRBUS S.A.S.
                                   AS SELLER

                                       AND

                             TAM-LINHAS AEREAS S.A.
                                    AS BUYER

DATE: December 20th, 2005

REFERENCE: CCC 337.0042/05

                               Foreword - Page 1/4

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
CLAUSES   TITLES
-------   ------
<S>       <C>
    0     DEFINITIONS AND INTERPRETATION
    1     SALE AND PURCHASE
    2     SPECIFICATION
    3     PRICES
    4     PRICE REVISION
    5     PAYMENTS
    6     MANUFACTURE PROCEDURE - INSPECTION
    7     CERTIFICATION
    8     BUYER'S TECHNICAL ACCEPTANCE
    9     DELIVERY
   10     EXCUSABLE DELAY
   11     NON-EXCUSABLE DELAY
   12     WARRANTIES AND SERVICE LIFE POLICY
   13     PATENT AND COPYRIGHT INDEMNITY
   14     TECHNICAL DATA AND SOFTWARE SERVICES
   15     SELLER'S REPRESENTATIVES
   16     TRAINING AND TRAINING AIDS
   17     EQUIPMENT SUPPLIER PRODUCT SUPPORT
   18     BUYER FURNISHED EQUIPMENT
   19     INDEMNIFICATION AND INSURANCE
   20     TERMINATION
   21     ASSIGNMENTS AND TRANSFERS
   22     MISCELLANEOUS PROVISIONS
</TABLE>

                               Foreword - Page 2/4

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
EXHIBITS    TITLES
--------    ------
<S>         <C>
Exhibit A   SPECIFICATION
Exhibit B   FORM OF SPECIFICATION CHANGE NOTICE
Exhibit C   AIRCRAFT PRICE REVISION FORMULA
Exhibit D   FORM OF CERTIFICATE OF ACCEPTANCE
Exhibit E   FORM OF BILL OF SALE
Exhibit F   SERVICE LIFE POLICY - ITEMS OF PRIMARY STRUCTURE
Exhibit G   TECHNICAL DATA INDEX
Exhibit H   MATERIAL SUPPLY AND SERVICES
</TABLE>

<TABLE>
<CAPTION>
LETTERS AGREEMENTS        TITLES
------------------        ------
<S>                       <C>
Letter Agreement No 1:    *
Letter Agreement No 2:    *
Letter Agreement No 3:    OPTIONS
Letter Agreement No 4:    *
Letter Agreement No 5A:   A350-900 PERFORMANCE GUARANTEE (75,000 lbs Thrust)
Letter Agreement No 5B:   *
Letter Agreement No 5C:   *
Letter Agreement No 6A:   *
Letter Agreement No 6B:   *
Letter Agreement No 7:    *
Letter Agreement No 8:    *
Letter Agreement No 9:    *
Letter Agreement No 10:   MISCELLANEOUS
Letter Agreement No 11:   *
</TABLE>

                               Foreword - Page 3/4

<PAGE>

                          A 350-900 PURCHASE AGREEMENT

This A350-900 Purchase Agreement (the "AGREEMENT") is made as of the 20th day of
December 2005

BETWEEN:

AIRBUS S.A.S., a societe par actions simplifiee, legal successor of Airbus
S.N.C., formerly known as Airbus G.I.E. and Airbus Industrie G.I.E. created and
existing under French law having its registered office at 1 Rond-Point Maurice
Bellonte, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre
du Commerce under number RCS Toulouse 383 474 814 (the "SELLER"),

and

TAM - LINHAS AEREAS S.A. a company organised under the laws of Brazil having its
principal place of business at Avenida Jurandir, 856, 20 andar, Lote 4, CEP
04072 - 000, Jardim CECI, SAO PAULO - SP. BRAZIL (the "BUYER")

WHEREAS subject to the terms and conditions of this Agreement, the Seller
desires to sell the Aircraft to the Buyer and the Buyer desires to purchase the
Aircraft from the Seller.

NOW THEREFORE IT IS AGREED AS FOLLOWS:

                               Foreword - Page 4/4

<PAGE>

0    DEFINITIONS AND INTERPRETATION

0.1  IN addition to words and terms elsewhere defined in this Agreement, the
     initially capitalised words and terms used in this Agreement shall have the
     meaning set out below.

AFFILIATE                     means with respect to any person or entity, any
                              other person or entity directly or indirectly
                              controlling, controlled by or under common control
                              with such person or entity.

AGREEMENT                     means this Agreement including the Appendices and
                              Exhibits hereto and all Letter Agreements entered
                              into by the Buyer and the Seller in respect
                              hereof.

AIRCRAFT                      means an Airbus A350-900 aircraft including the
                              Airframe, the Engines, and any part, component,
                              furnishing or equipment installed on the Aircraft
                              on Delivery under the terms and conditions of this
                              Agreement

AIRCRAFT TRAINING SERVICES    means all training courses, flight training, line
                              training, flight assistance, line assistance,
                              maintenance support, maintenance training
                              (including practical training as defined in Clause
                              16.8.1) or training support performed on aircraft
                              and provided to the Buyer pursuant to this
                              Agreement.

AIRFRAME                      means the Aircraft excluding the Engines.

AIRCRAFT BASIC PRICE          has the meaning set out in Clause 3.1.

AIRCRAFT PRICE REVISION
FORMULA                       is set out in Exhibit C.

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

BALANCE OF FINAL PRICE        has the meaning set out in Clause 5.4.1.

BILL OF SALE                  has the meaning set out in Clause 9.2.2.

BUSINESS DAY                  means (i) a day, other than a Saturday or Sunday
                              on which business of the kind contemplated by this
                              Agreement is carried out in France and Brazil, or
                              (ii) where used in relation to a payment, which is
                              also a day on which banks are open for business in
                              France, New York or Brazil.

BUYER FURNISHED EQUIPMENT     has the meaning set out in Clause 18.1.1.

CERTIFICATE OF ACCEPTANCE     has the meaning set out in Clause 8.3.

DEFAULT RATE                  means the rate of Default Interests as defined in
                              Clause 5.7.

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

DELIVERY DATE                 means the date on which Delivery shall occur.

DELIVERY LOCATION             means the facilities of the Seller at the location
                              of final

                               Clause 0 - Page 1/3

<PAGE>

                              assembly of the Aircraft.

ENGINES                       has the meaning set out in Clause 2.2.

ENGINES MANUFACTURER          means the manufacturer of the Engines as set out
                              in Clause 2.2.

EXCUSABLE DELAY               has the meaning set out in Clause 10.1.

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

FINAL PRICE                   has the meaning set out in Clause 3.2

GROUND TRAINING SERVICES      means all training courses performed in classrooms
                              (classical or Airbus CBT courses), full flight
                              simulator sessions, fixed base simulator sessions,
                              field trips and any other services provided to the
                              Buyer on the ground pursuant to this Agreement and
                              which are not Aircraft Training Services.

MANUFACTURE FACILITIES        means the various manufacture facilities of the
                              Seller, its Affiliates or any sub-contractor,
                              where the Airframe or its parts are manufactured
                              or assembled.

MATERIAL                      has the meaning set out in Clause 1.2 of Exhibit
                              H.

NON-EXCUSABLE DELAY           has the meaning set out in Clause 11.1.

PREDELIVERY PAYMENT           means the payment(s) determined in accordance with
                              Clause 5.3.

READY FOR DELIVERY            means the time when (i) the Technical Acceptance
                              Process has been successfully completed and (ii)
                              the Export Airworthiness Certificate has been
                              issued.

SCHEDULED DELIVERY MONTH      has the meaning set out in Clause 9.1.1.

SELLER'S REPRESENTATIVES      means the representatives of the Seller referred
                              to in Clause 15.2.

SELLER REPRESENTATIVES        means the services provided by the Seller to
SERVICES                      the Buyer and from the Buyer to the Seller
                              pursuant to Clause 15.

SELLER SERVICE LIFE POLICY    has the meaning set out in Clause 12.2.

SPARE PARTS                   means the items of equipment and material which
                              may be provided pursuant to Exhibit H.

SPECIFICATION CHANGE
NOTICE OR SCN                 means an agreement in writing between the parties
                              to amend the Specification pursuant to Clause 2.

SPECIFICATION                 means either (a) the Standard Specification if no
                              SCNs are applicable or (b) if SCNs are issued, the
                              Standard Specification as amended by all
                              applicable SCNs.

STANDARD SPECIFICATION        means the A350-900 standard specification
                              document

                               Clause 0 - Page 2/3

<PAGE>

                              number G.000.09000, Issue B, dated June 30th,
                              2005, a copy of which has been annexed hereto in
                              form of a CD-Rom as Exhibit A.

SUPPLIER                      has the meaning set out in Clause 12.3.1.1.

SUPPLIER PART                 has the meaning set out in Clause 12.3.1.2.

SUPPLIER PRODUCT SUPPORT
AGREEMENT                     has the meaning set out in Clause 12.3.1.3.

TECHNICAL ACCEPTANCE
PROCESS                       has the meaning set out in Clause 8.1.1.

TECHNICAL DATA                has the meaning set out in Clause 14.1.

TOTAL LOSS                    has the meaning set out in Clause 10.4.

TYPE CERTIFICATE              has the meaning set out in Clause 7.1.

WARRANTED PART                has the meaning set out in Clause 12.1.1.

0.2            Clause headings and the Index are inserted for convenience of
               reference only and shall be ignored in the interpretation of this
               Agreement.

0.3            In this Agreement unless the context otherwise requires:

               (a)  references to Clauses, Appendices and Exhibits are to be
                    construed as references to the Clauses of, and Appendices,
                    and Exhibits to this Agreement and references to this
                    Agreement include its Schedules, Exhibits and Appendices;

               (b)  words importing the plural shall include the singular and
                    vice versa; and

               (c)  references to a person shall be construed as including,
                    without limitation, references to an individual, firm,
                    company, corporation, unincorporated body of persons and any
                    state or agency of a state.

                               Clause 0 - Page 3/3

<PAGE>

1              SALE AND PURCHASE

               The Seller shall sell and deliver and the Buyer shall buy and
               take delivery of ten (10) A350-900 Aircraft on the Delivery Date
               at the Delivery Location upon the terms and conditions contained
               in this Agreement.

                              Clause 1 - Page 1/1

<PAGE>

2              SPECIFICATION

2.1            AIRFRAME SPECIFICATION

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 listed in
               Appendix I or, as applicable. Appendix II to Exhibit A.

2.1.2          SPECIFICATION CHANGE NOTICE (SCN)

               The Specification may be amended by written agreement between the
               parties in a Specification Change Notice. Each Specification
               Change Notice shall be substantially in the form set out in
               Exhibit B and shall set out in detail the particular change to be
               made to the Specification and the effect, if any, of such change
               on design, performance, weight, time of Delivery of the Aircraft,
               and on the text of the Specification. Such SCN may result in an
               adjustment of the Aircraft Basic Price.

2.1.3          DEVELOPMENT CHANGES

               The Specification may also be revised by the Seller without the
               Buyer's consent in order to incorporate development changes if
               such changes do not adversely affect price, time of delivery,
               weight or performance of the Aircraft, * interchangeability or
               replaceability requirements under the Specification.

                                        *

               In any other case the Seller shall issue to the Buyer a
               Manufacturer Specification Change Notice. Development changes are
               changes deemed necessary by the Seller to improve the Aircraft,
               prevent delay or ensure compliance with this Agreement

2.1.4          SPECIFICATION CHANGE NOTICES FOR CERTIFICATION

               The provisions relating to Specification Change Notices for
               certification are set out in Clauses 7.2. and 7.3.

2.1.5          BUYER IMPORT REQUIREMENTS

               The provisions relating to Specification Change Notices for Buyer
               import requirements are set out in Clause 7.4.

2.1.6          INCONSISTENCY

               In the event of any inconsistency between the Specification and
               any other part of this Agreement, this Agreement shall prevail to
               the extent of such inconsistency.

2.2            ENGINES

               The Airframe shall be equipped with a set of two (2) General
               Electric GEnx-1A75 engines (Engine Thrust 75,000 Lbs) (the
               "ENGINES").

                               Clause 2 - Page 1/2

<PAGE>

2.3            CUSTOMISATION MILESTONES CHART

               Within a reasonable period following signature of the Agreement,
               the Seller shall provide the Buyer with a Customisation
               Milestones Chart setting out the minimum lead times prior to the
               Scheduled Delivery Month of the Aircraft, when a mutual agreement
               shall be reached (such agreement to be reflected in the execution
               of one or more SCNs) in order to integrate into the
               Specification, any items requested by the Buyer from the
               Specification Changes Catalogues made available by the Seller.

                               Clause 2 - Page 2/2

<PAGE>

3              PRICES

3.1            Aircraft Basic Price

3.1.1          The Aircraft Basic Price includes the basic price of the
               Airframe, nacelles, thrust reversers and Engines (General
               Electric Genx 1A75). The Aircraft Basic Price is the sum of:

               (i)  the basic price of the Aircraft as defined in the Standard
                    Specification (excluding Buyer Furnished Equipment), which
                    is:

                                       *

               (ii) the sum of the basic prices of all SCNs set forth in
                    Appendix II to the Exhibit A (the "Aircraft Modification
                    Package Price"), which is:

                                       *

3.1.2          The Aircraft Basic Price has been established in accordance with
               the average economic conditions prevailing in December 2002,
               January 2003, February 2003 and corresponding to a theoretical
               delivery in JANUARY 2004 - (the "Base Period").

3.2            Final Price

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

               (i)  the Aircraft Basic Price as revised as of the Delivery Date
                    in accordance with Clause 4; plus

               (ii) the aggregate of all increases or decreases to the Aircraft
                    Basic Price as agreed in any Specification Change Notice or
                    part thereof applicable to the Aircraft subsequent to the
                    date of this Agreement as revised as of the Delivery Date in
                    accordance with Clause 4; plus

               (iii) any other amount due by the Buyer to the Seller provided
                    for or resulting from the any other provision of this
                    Agreement and/or any other written agreement between the
                    Buyer and the Seller with respect to the Aircraft.

                               Clause 3 - Page 1/1

<PAGE>

4.             PRICE REVISION

               The Aircraft Basic Price is subject to revision in accordance
               with the Aircraft Price Revision Formula up to and including the
               Delivery Date (as set forth in Exhibit C).

                               Clause 4 - Page 1/1

<PAGE>

5              PAYMENTS

5.1            SELLER'S ACCOUNT

               The Buyer shall pay the Predelivery Payments, the Balance of
               Final Price and/or any other amount due by the Buyer to the
               Seller, to the Seller's account:

               Beneficiary Name: AIRBUS

               account identification: 0121 635 000 100

               with:

               CALYON
               SWIFT: CRLYUS33
               ABA: 026008073
               1301 avenue of the Americas
               New York, NY 10019
               USA

               or to such other account as may be designated in writing by the
               Seller.

5.2            COMMITMENT FEE

               An amount equal to the initial commitment fee of US Dollars * per
               Aircraft already paid by the Buyer to the Seller prior to the
               date of this Agreement shall be deducted from the first
               Predelivery Payment due under this Agreement.

5.3            PREDELIVERY PAYMENTS

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", as defined herebelow). The
               Predelivery Payment Reference Price is determined by the
               following formula:

               A = Pb (1 + 0.03N)

               Where

               A  : The Predelivery Payment Reference Price for Aircraft to be
                    delivered in year T;

               T  : the year of Delivery of the relevant Aircraft

               Pb : the Aircraft Basic Price;

               N  : (T- *

                               Clause 5 - Page 1/5

<PAGE>

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

               DUE DATE OF PAYMENTS   PERCENTAGE OF
                                      PREDELIVERY PAYMENT
                                      REFERENCE PRICE

                                        *

               In the event that at signature of the Agreement any of the above
               payments due at * months prior to Delivery have already fallen
               due as the respective Deliveries are scheduled at less than *  '
               months after signature, such payments shall be made together with
               the payment of * due upon signature of the Agreement.

5.3.3          Any Predelivery Payment received by the Seller shall constitute
               an instalment ("acompte") in respect of the Final Price of the
               Aircraft. The Seller shall be entitled to hold and use any
               Predelivery Payment as absolute owner thereof, subject only to
               (i) the obligation to deduct any such Predelivery Payment from
               the Final Price when calculating the Balance of Final Price or
               (ii) the obligation to repay to the Buyer an amount equal to the
               Predelivery Payments pursuant to any other provision of this
               Agreement.

5.3.4          If any Predelivery Payment is not received on the relevant due
               date specified in Clause 5.3.2 then, and in addition to any other
               rights and remedies available to Seller, the Seller shall have
               the right to set back the Scheduled Delivery Month by a period of
               * for each * days such payment is delayed.

               Furthermore, if such delay is greater than * the Seller shall
               have no obligation to deliver the Aircraft within the Scheduled
               Delivery Month as modified pursuant to the preceding paragraph.
               Upon receipt of the full amount of all delayed Predelivery
               Payments, together with Default Interest pursuant to Clause 5.7,
               the Seller shall inform the Buyer of a new Scheduled Delivery
               Month consistent with the Seller's other commitments and
               production capabilities.

                               Clause 5 - Page 2/5

<PAGE>

5.3.5          Specification Change Notice Predelivery Payments

               The Seller shall be entitled to request Predelivery Payments for
               each SCN executed after signature of this Agreement if such SCN
               does not originate from the Seller's system or catalogue
               configuration guides. Such Predelivery Payments shall correspond
               to.

                                        *

5.4            BALANCE OF FINAL PRICE

5.4.1          The Balance of the Final Price payable by the Buyer to the Seller
               on the Delivery Date shall be the Final Price less the amount of
               all Predelivery Payments received by the Seller for the relevant
               Aircraft on or before the Delivery Date.

5.4.2          Upon receipt of the Seller's invoice, immediately prior *
               Delivery, the Buyer shall pay to the Seller the Balance of the
               Final Price.

5.5            OTHER CHARGES

               Unless expressly stipulated otherwise, any other charges due
               under this Agreement other than those set out in Clauses 5.2, 5.3
               and 5.4 shall be paid by the Buyer at the same time as payment of
               the Balance of Final Price or, if invoiced after the Delivery
               Date, within * after the invoice date.

5.6            METHOD OF PAYMENT

5.6.1          All payments provided for in this Agreement shall be made in the
               United States Dollars (USD) in immediately available funds.

5.6.2          All payments due to the Seller hereunder shall be made in full,
               without set-off, counterclaim, deduction or withholding of any
               kind. Consequently, the Buyer shall procure that the sums
               received by the Seller under this Agreement shall be equal to the
               full amounts expressed to be due to the Seller hereunder, without
               deduction or withholding on account of and free from any and all
               taxes, levies, imposts, dues or charges of whatever nature. In
               the event that the tax laws of Brazil change in a manner that
               would require the Buyer to make any such deduction or withholding
               the Buyer shall pay such additional amounts as may be necessary
               in order that the net amount received by the Seller after such
               deduction or withholding shall be equal to the amounts which
               would have been received in the absence of such deduction or
               withholding and pay to the relevant taxation or other authorities
               within the period for payment permitted by applicable law, the
               full amount of the deduction or withholding.

5.7            DEFAULT INTEREST

               If any payment due to the Seller under this Agreement including
               but not limited to any Predelivery Payment, option fees for the
               Aircraft as well as any payment due to the Seller for any spare
               parts, data, documents, training and services, is not received on
               the due date, without prejudice to the Seller's other rights
               under this Agreement and at law, the Seller shall be entitled to
               interest for late payment calculated on the amount due from and
               including the due date of payment up to and including the date
               when the payment is received by the Seller at a rate equal to the
               London Interbank Offered Rate (LIBOR) for * deposits in US
               Dollars (as published in the Financial Times on the due date)
               plus *

                               Clause 5 - Page 3/5

<PAGE>

               per year (part year to be prorated).

               All such interest shall be compounded monthly and calculated on
               the basis of the actual number of days elapsed in the month
               assuming a thirty (30) day month and a three hundred and sixty
               (360) day year.

5.8            TAXES

5.8.1          The amounts stated in this Agreement to be payable by the Buyer
               are exclusive of value added tax ("VAT") chargeable under the
               laws of the Delivery Location.

5.8.2          Subject to Buyer exporting the Aircraft after Delivery and
               providing the Seller with all necessary documents attesting to
               this exportation, the Seller shall pay all taxes, duties or
               similar charges of any nature whatsoever levied, assessed,
               charged or collected for or in connection with the manufacture,
               assembly, sale and delivery under this Agreement of any of the
               Aircraft, services, instructions and data delivered or furnished
               hereunder provided such charges have been promulgated and are
               enforceable under the laws of the Delivery Location, or if
               different, FRANCE, the FEDERAL REPUBLIC OF GERMANY, GREAT BRITAIN
               or SPAIN.

5.8.3          The Buyer shall bear the costs of and pay any and all taxes,
               duties or similar charges of any nature whatsoever not assumed by
               the Seller under Clause 5.8.2 including but not limited to any
               duties or taxes due upon or in relation to the importation or
               registration of the Aircraft in the Buyer's country and/or any
               withholdings or deductions levied or required in the Buyer's
               country in respect of the payment to the Seller of any amount due
               by the Buyer hereunder.

5.8.4                                   *

5.9            PROPRIETARY INTEREST

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

5.10           SET-OFF

               The Seller may set-off any matured obligation owed by the Buyer
               to the Seller and/or its Affiliates * agreement between the Buyer
               and the Seller against any obligation owed by the Seller to the
               Buyer *. regardless of the place of payment or currency (it
               being understood that if this obligation is unascertainable it
               may be estimated and the set-off made in respect of such
               estimate).

                               Clause 5 - Page 4/5

<PAGE>

5.11           CROSS-COLLATERALISATION

5.11.1         The Buyer hereby agrees that, notwithstanding any provision to
               the contrary in this Agreement, in the event that the Buyer
               should fail to make any material payment owing under this
               Agreement or under any other under any * agreement between the
               Buyer and the Seller and/or any of their respective Affiliates
               (the "Other Agreement") * the Seller may:

               (i)  withhold payment to the Buyer or its Affiliates of any sums
                    that may be due to or claimed by the Buyer or its Affiliates
                    from the Seller or its Affiliates pursuant to this Agreement
                    or any Other Agreement, including Predelivery Payments,
                    unless or until the default under this Agreement or the
                    Other Agreement is cured or remedied; and

               (ii) apply any amount of any Predelivery Payment it then holds
                    under this Agreement in respect of any of the Aircraft as
                    well as any other monies held pursuant to any Other
                    Agreement (collectively the "Relevant Amounts") in such
                    order as the Seller deems appropriate in satisfaction of any
                    amounts due and unpaid by the Buyer or its Affiliates.

                                       *

                    The rights granted to the Seller in the preceding paragraphs
                    (i) and (ii) are without prejudice and are in addition to
                    and shall not be deemed a waiver of any other rights and
                    remedies the Seller or its Affiliates may have at law or
                    under this Agreement or any Other Agreement, including the
                    right of set-off.

5.11.2         In the event that the Seller, in accordance with the provisions
               hereof, applies any amount of any Predelivery Payment it then
               holds under this Agreement in respect of any of the Aircraft in
               satisfaction of the amount due and unpaid by the Buyer or its
               Affiliates or to compensate for losses and/or damages to the
               Seller or its Affiliates as a result of the Buyer's or its
               Affiliates' failure to make payment in a timely manner under the
               Agreement or any Other Agreement, then the Seller shall notify
               the Buyer to that effect. Within * Business Days of issuance of
               such notification, the Buyer shall pay by wire transfer of funds
               immediately available to the Seller the amount of the Predelivery
               Payment that has been applied by the Seller as set forth above.

               Failure of the Buyer to pay such amount in full, shall entitle
               the Seller to (i) collect interest on such unpaid amount in
               accordance with Clause 5.7 hereof from the * Business Day
               following the Seller's written request to the Buyer for such
               payment and (ii) treat such failure as an additional termination
               event for which the Seller shall be entitled to the remedies
               available under Clause 20.2 of the Agreement.

                               Clause 5 - Page 5/5

<PAGE>

6              MANUFACTURE PROCEDURE - INSPECTION

6.1.           MANUFACTURE PROCEDURE

               Each Airframe shall be manufactured in accordance with the
               relevant requirements of the laws of the jurisdiction of
               incorporation of the Seller or of its relevant Affiliates as
               enforced by the Aviation Authority of such jurisdictions.

6.2            INSPECTION

6.2.1          Subject to providing the Seller with certificates evidencing
               compliance with the insurance requirements set forth in Clause
               19, the Buyer or its duly authorised representatives (the
               "BUYER'S INSPECTOR(S)") shall be entitled to inspect the
               manufacture of the Airframe and all materials and parts obtained
               by the Seller for the manufacture of the Airframe on the
               following terms and conditions;

               (i)  any inspection shall be made according to a procedure to be
                    agreed upon with the Buyer but shall be conducted pursuant
                    to the Seller's own system of inspection as developed under
                    the supervision of the relevant Aviation Authority;

               (ii) the Buyer's Inspector(s) shall have access to such relevant
                    technical data as is reasonably necessary for the purpose of
                    the inspection;

               (iii) any inspection and any related discussions with the Seller
                    and other relevant personnel by the Buyer's Inspector(s)
                    shall be at reasonable times during business hours and shall
                    take place in the presence of relevant inspection department
                    personnel of the Seller;

               (iv) the inspections shall be performed in a manner not to unduly
                    delay or hinder the manufacture or assembly of the Aircraft
                    or the performance of this Agreement by the Seller or any
                    other work in progress at the Manufacture Facilities.

6.2.2          LOCATION OF INSPECTIONS

               The Buyer's Inspector(s) shall be entitled to conduct any such
               inspection at the relevant Manufacture Facility of the Seller or
               its Affiliates and where possible at the Manufacture Facilities
               of the sub-contractors provided that if access to any part of the
               Manufacture Facilities where the Airframe manufacture is in
               progress or materials or parts are stored are restricted for
               security or confidentiality reasons, the Seller shall be allowed
               reasonable time to make the relevant items available elsewhere.

6.3            SELLER'S SERVICE FOR BUYER'S INSPECTOR(S)

               For the purpose of the inspections, and commencing with the date
               of this Agreement until the Delivery Date, the Seller shall
               furnish without additional charge suitable space and office
               equipment in or conveniently located with respect to the Delivery
               Location for the use of a reasonable number of Buyer's
               Inspector(s).

                               Clause 6 - Page 1/1

<PAGE>

7              CERTIFICATION

7.1            TYPE CERTIFICATION

               The Aircraft shall have been type certificated under European
               Aviation Safety Agency (EASA) procedures for joint certification
               in the transport category. The Seller shall have obtained the
               relevant type certificate (the "TYPE CERTIFICATE") to allow the
               issuance of the Export Airworthiness Certificate.

7.2            EXPORT AIRWORTHINESS CERTIFICATE

7.2.1          The Aircraft shall be delivered to the Buyer with an Export
               Airworthiness Certificate valid for export of the Aircraft to
               Brazil.

7.2.2          If, any time before the date on which the Aircraft is Ready for
               Delivery, any law or regulation is enacted, promulgated, becomes
               effective and/or an interpretation of any law or regulation is
               issued which requires any change to the Specification for the
               purposes of obtaining the Export Airworthiness Certificate (a
               "CHANGE IN LAW"), the Seller shall make the required variation or
               modification and the parties hereto shall sign a Specification
               Change Notice which specifies the effects, if any, upon the
               guaranteed performances, weights, interchangeability, time of
               Delivery, price of the Aircraft and text of the Specification.

7.2.3          The Seller shall as far as practicable (but at its sole
               discretion and without prejudice to Clause 7.3.1 (ii)) take into
               account the information available to it concerning any proposed
               law, regulation or interpretation which could become a Change in
               Law in order to minimise the costs of changes to the
               Specification as a result of such proposed law, regulation or
               interpretation becoming effective prior to the Aircraft being
               Ready for Delivery.

7.3            COSTS OF SCNS FOR CERTIFICATION

7.3.1          The costs of implementing the variation or modification referred
               to in Clause 7.2.2 above shall be

                                       *

7.3.2.         Notwithstanding the provisions of sub-Clauses 7.3.1 (i) and (ii),
               if the Change in Law relates to the Engines, the costs shall be
               borne in accordance with such arrangements as may be made
               separately between the Buyer and the Engines Manufacturer.

                               Clause 7 - Page 1/2

<PAGE>

7.4            VALIDATION OF THE EXPORT AIRWORTHINESS CERTIFICATE

7.4.1          The Seller shall endeavour to obtain the validation of the Export
               Airworthiness Certificate by the Buyer's Aviation Authority.

7.4.2          Where the Buyer's Aviation Authority requires a modification to
               comply with additional import aviation requirements and/or supply
               of additional data prior to the issuance of the Export
               Airworthiness Certificate, the Seller shall incorporate such
               modification and/or provide such data at costs to be borne by the
               Buyer. The parties shall sign a Specification Change Notice which
               specifies the effects, if any, upon the guaranteed performances,
               weights, interchangeability, time of Delivery and price of the
               Aircraft.

                               Clause 7 - Page 2/2

<PAGE>

8              BUYER'S TECHNICAL ACCEPTANCE

8.1            TECHNICAL ACCEPTANCE PROCESS

8.1.1          Prior to Delivery the Aircraft shall undergo * technical
               acceptance process (the "TECHNICAL ACCEPTANCE PROCESS").
               Completion of the Technical Acceptance Process shall demonstrate
               the satisfactory functioning of the Aircraft and shall be deemed
               to demonstrate compliance with the Specification. Should it be
               established that the Aircraft does not comply with the Technical
               Acceptance Process requirements, the Seller shall without
               hindrance from the Buyer be entitled to carry out any necessary
               changes and, as soon as practicable thereafter, resubmit the
               Aircraft to such further Technical Acceptance Process as is
               necessary to demonstrate the elimination of the non-compliance.

8.1.2          The Technical Acceptance Process shall:

               (i)  commence *

               (ii) take place at the Delivery Location;

               (iii) be carried out by the personnel of the Seller, *

               (iv) include a technical acceptance flight which shall not exceed
                    a period of three (3) hours.

8.2            BUYER'S ATTENDANCE

8.2.1          The Buyer shall be entitled to elect to attend the Technical
               Acceptance Process.

8.2.2          If the Buyer elects to attend the Technical Acceptance Process,
               the Buyer;

               (i)  shall co-operate in complying with the reasonable
                    requirements of the Seller with the intention of completing
                    the Technical Acceptance Process within * Business Days
                    after its commencement;

               (ii) may have a maximum of * of the Buyer's representatives
                    (with no more than * such representatives having access to
                    the cockpit at any one time) accompany the Seller's
                    representatives on a technical acceptance flight and during
                    such flight the Buyer's representatives shall comply with
                    the instructions of the Seller's representatives.

8.2.3          If the Buyer, * does not attend and/or fails to co-operate in the
               Technical Acceptance Process, the Seller shall be entitled to
               complete the Technical Acceptance Process and the Buyer shall be
               deemed to have accepted the Technical Acceptance Process as
               satisfactory in all respects.

                               Clause 8 - Page 1/2

<PAGE>

8.3            CERTIFICATE OF ACCEPTANCE

               Upon successful completion of the Technical Acceptance Process,
               the Buyer shall, on or before the Delivery Date, sign and deliver
               to the Seller a certificate of acceptance in respect of the
               Aircraft in the form of Exhibit D (the "CERTIFICATE OF
               ACCEPTANCE").

8.4            AIRCRAFT UTILISATION

               The Seller shall, without payment or other liability to the
               Buyer, be entitled to use the Aircraft prior to Delivery as may
               be necessary to obtain the certificates required under Clause
               7.2, and such use shall not prejudice the Buyer's obligation to
               accept Delivery of the Aircraft hereunder.

               However the Seller shall not be authorised to use the Aircraft
               during more than * hours for any other purpose without the
               specific agreement of the Buyer.

                                       *

                               Clause 8 - Page 2/2

<PAGE>

9              DELIVERY

9.1            DELIVERY SCHEDULE

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

               -    Aircraft No 1....

               -    Aircraft No 2....

               -    Aircraft No 3....

               -    Aircraft No 4....

               -    Aircraft No 5....
                                        *
               -    Aircraft No 6....

               -    Aircraft No 7....

               -    Aircraft No 8....

               -    Aircraft No 9....

               -    Aircraft No 10...

               At a time closer to the above mentioned quarters, at the latest *
               months prior to the beginning of the relevant quarter, the Seller
               shall precise to the Buyer the delivery month for the relevant
               Aircraft within such quarter, subject to the Seller's then
               prevailing industrial and commercial constraints. Each of such
               months shall be, with respect to the corresponding Aircraft, the
               "SCHEDULED DELIVERY MONTH".

9.1.2          The Seller shall give the Buyer at least * days prior written
               notice of the anticipated week in which the Aircraft is scheduled
               to be Ready for Delivery.

               Thereafter, the Seller shall give the Buyer at least * days prior
               written notice of the anticipated date upon which the Aircraft
               shall be Ready for Delivery, such notification including the
               schedule of the Technical Acceptance Process as set forth in
               Clause 8.1.

               Thereafter the Seller shall without undue delay notify the Buyer
               in writing of any change in such date necessitated by the
               conditions of manufacture or flight.

9.2            DELIVERY

9.2.1          The Buyer shall send its representatives to the Delivery Location
               to take Delivery of, and collect, the Aircraft within * days
               after the date on which the Aircraft is Ready for Delivery and
               shall pay the Balance of the Final Price on or before the
               Delivery Date.

9.2.2          The Seller shall deliver and transfer title to the Aircraft free
               and clear of all encumbrances to the Buyer provided that the
               Balance of the Final Price has been paid by the Buyer pursuant to
               Clause 5.4 and that the Certificate of Acceptance has been signed
               and delivered to the Seller pursuant to Clause 8.3. The Seller
               shall provide the Buyer with a bill of sale in the form of
               Exhibit E (the "BILL OF SALE") and/or such other documentation
               confirming transfer of title and receipt of the Final Price as
               may reasonably be requested by the Buyer. Title to, property in
               and risk of loss of or damage to the Aircraft shall be
               transferred to the Buyer on Delivery.

9.2.3          Should the Buyer fail to

               (i)  deliver the signed Certificate of Acceptance to the Seller *
                    within the delivery period as defined in Clause 9.2.1; or

                               Clause 9 - Page 1/2

<PAGE>

               (ii) pay the Balance of the Final Price for the Aircraft to the
                    Seller within the above defined period

                    then the Buyer shall be deemed to have rejected delivery of
                    the Aircraft without warrant when duly tendered to it
                    hereunder. In addition to Clause 5.7 and the Seller's other
                    rights under this Agreement, the Seller shall retain title
                    to the Aircraft but the Buyer shall thereafter indemnify and
                    hold the Seller harmless against any and all costs
                    (including but not limited to any parking, storage, and
                    insurance costs, * and consequences resulting from such
                    failure, it being understood that the Seller shall be under
                    no duty to store, park, insure, or otherwise protect the
                    Aircraft.

9.3            FLY AWAY

9.3.1          The Buyer and the Seller shall co-operate to obtain any licenses
               which may be required by the Aviation Authority of the Delivery
               Location for the purpose of exporting the Aircraft.

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

                               Clause 9 - Page 2/2

<PAGE>

10             EXCUSABLE DELAY

10.1           The Buyer acknowledges that each of the Aircraft is to be
               manufactured by Seller in performance of this Agreement and that
               the Scheduled Delivery Month is based on the assumption that
               there shall be no delay due to causes beyond the control of the
               Seller. Accordingly, Seller shall not be responsible for any
               delay in the Delivery of the Aircraft or delay or interruption in
               the performance of the other obligations of the Seller hereunder
               due to causes beyond its control, and not occasioned by its fault
               or negligence including (but without limitation) acts of God or
               the public enemy, war, civil war, warlike operations, terrorism,
               insurrections or riots, fires, explosions, natural disasters,
               compliance with any applicable foreign or domestic governmental
               regulation or order, labour disputes * causing cessation,
               slowdown or interruption of work, inability after due and timely
               diligence to procure materials, equipment or parts, general
               hindrance in transportation or failure of a sub-contractor or
               supplier to furnish materials, equipment or parts. Any delay or
               interruption resulting from any of the foregoing causes is
               referred to as an "EXCUSABLE DELAY". For the sake of clarity,
               delays in the launch of the A350 programme or certification do
               not constitute an Excusable Delay and the provisions of Clause 11
               shall apply to such delays, except if such delays are due to
               causes as listed hereabove.

10.2           If an Excusable Delay occurs:

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

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

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

               (iv) the Seller shall use all reasonable endeavors to minimize or
                    overcome any Excusable Delay to the extent it is reasonably
                    able to do so;

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

                                        *

10.3           TERMINATION ON EXCUSABLE DELAY

10.3.1         If the Delivery of any Aircraft is delayed as a result of an
               Excusable Delay for a period of more than * months after the last
               day of the Scheduled Delivery Month then either party may
               terminate this Agreement with respect to the Aircraft so affected
               by giving written notice to the other party within thirty (30)
               days after the expiry of such * period provided that the Buyer
               shall not be entitled to terminate this Agreement pursuant to
               this Clause if the Excusable Delay results from a cause within
               its control.

10.3.2         If the Seller concludes that the Delivery of any Aircraft shall
               be delayed for more than * after the last day of the Scheduled
               Delivery Month due to an Excusable Delay and as a result thereof
               reschedules Delivery of such Aircraft to a date or month
               reflecting such delay then the Seller shall promptly notify the
               Buyer

                              Clause 10 - Page 1/3

<PAGE>

               in writing to this effect and shall include in such notification
               the new Scheduled Delivery Month. Either party may thereupon
               terminate this Agreement with respect to such Aircraft by giving
               written notice to the other party within thirty (30) days after
               receipt by the Buyer of the notice of anticipated delay.

10.3.3         If this Agreement shall not have been terminated with respect to
               the delayed Aircraft during the thirty (30) day period referred
               to in either Clause 10.3.1 or 10.3.2 above, then the Seller shall
               be entitled to reschedule Delivery and the new Scheduled Delivery
               Month shall be notified to the Buyer and shall be binding on the
               parties.

10.3.4                                  *

10.4           TOTAL LOSS, DESTRUCTION OR DAMAGE

               If prior to Delivery, any Aircraft is lost, destroyed or in the
               reasonable opinion of the Seller is damaged beyond repair ("TOTAL
               LOSS"), the Seller shall notify the Buyer to this effect within *
               days of such occurrence, or in the case of loss or destruction
               within * The Seller shall include in said notification (or as
               soon after the issue of the notice as such information becomes
               available to the Seller) the earliest date consistent with the
               Seller's other commitments and production capabilities that an
               aircraft to replace the Aircraft may be delivered to the Buyer
               and the Scheduled Delivery Month shall be extended as specified
               in the Seller's notice to accommodate the delivery of the
               replacement aircraft; provided, however, that in the event the
               specified extension of the Scheduled Delivery Month to a month is
               exceeding * months after the last day of the original
               Scheduled Delivery Month then this Agreement shall terminate with
               respect to said Aircraft unless:

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

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

               provided, however, that nothing herein shall require the Seller
               to manufacture and deliver a replacement aircraft if such
               manufacture would require the reactivation of its production line
               for the model or series of aircraft which includes the Aircraft
               purchased hereunder.

                                        *

                              Clause 10 - Page 2/3

<PAGE>

10.5           TERMINATION RIGHTS EXCLUSIVE

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

                              Clause 10 - Page 3/3

<PAGE>

11             NON-EXCUSABLE DELAY

11.1           LIQUIDATED DAMAGES

               Should any of the Aircraft not be Ready for Delivery to the Buyer
               within * days after the last day of the Scheduled Delivery Month
               (as varied by virtue of Clauses 2, 7 and 10) (the "DELIVERY
               PERIOD") and such delay is not as a result of an Excusable Delay
               or Total Loss (a "NON-EXCUSABLE DELAY"), then the Buyer shall
               have the right to claim, and the Seller shall pay by way of
               liquidated damages to the Buyer for each day of delay in the
               Delivery commencing on the date falling * days after the last day
               of the Scheduled Delivery Month, the amounts:

                                        *

               The amount of such liquidated damages shall in no event exceed
               the total of US Dollars: * in respect of any one Aircraft.

                                        *

               The Buyer shall submit a claim in respect of such liquidated
               damages in writing to the Seller.

11.2                                    *

11.3           RE-NEGOTIATION

               If, as a result of Non-Excusable Delay, Delivery does not occur
               in the period falling * months after the Delivery Period, the
               Buyer shall have the right exercisable written notice to the
               Seller given not less than fifteen (15) days nor more than one
               (1) month after the expiration of the * months falling after the
               Delivery Period to require from the Seller a re-negotiation of
               the Scheduled Delivery Month for the affected Aircraft. Unless
               otherwise agreed between the Seller and the Buyer during such
               re-negotiation, the said re-negotiation shall not prejudice the
               Buyer's right to receive liquidated damages in accordance with
               Clause 11.1 during the period of Non-Excusable Delay.

                              Clause 11 - Page 1/2

<PAGE>

11.4           TERMINATION

               If, as a result of Non-Excusable Delay, Delivery does not occur
               in the period falling * months after the Delivery Period and the
               parties have not renegotiated the Delivery Date pursuant to
               Clause 11.2, the Buyer shall have the right exercisable by
               written notice to the other party, given not less than one (1)
               month nor more than two (2) months after expiration of such *
               months to terminate this Agreement in respect of the affected
               Aircraft * In the event of such termination neither party shall
               have any claim against the other in respect of such nondelivery
               except that the Seller shall pay to the Buyer an amount equal to
               the Predelivery Payments received from the Buyer hereunder * in
               respect of such affected Aircraft, calculated from the date of
               payment of such Predelivery Payment until the date of
               reimbursement hereunder, and shall pay to the Buyer any amounts
               due pursuant to Clause 11.1.

11.5           LIMITATION OF DAMAGES

               The Buyer and the Seller agree that payment by the Seller of the
               amounts due pursuant to Clause 11.1 shall be considered to be a
               liquidated damages provision (Clause penale) within the meaning
               of Articles 1152 and 1226 of the French Civil Code and has been
               calculated to compensate the Buyer for its entire damages for all
               losses of any kind due to Non-Excusable Delay. The Seller shall
               not in any circumstances have any liability whatsoever for
               Non-Excusable Delay other than as set forth in this Clause 11.

                              Clause 11 - Page 2/2

<PAGE>

12             WARRANTIES AND SERVICE LIFE POLICY

               This Clause covers the terms and conditions of the warranty and
               service life policy.

12.1           STANDARD WARRANTY

12.1.1         NATURE OF WARRANTY

               Subject to the conditions and limitations as hereinafter provided
               for and except as provided for in Clause 12.1.2, the Seller
               warrants to the Buyer that each Aircraft and all Warranted Parts
               as defined hereinafter shall at Delivery to the Buyer:

               (i)  be free from defects in material;

               (ii) be free from defects in workmanship, including without
                    limitation processes of manufacture;

               (iii) be free from defects in design (including without
                    limitation the selection of materials) having regard to the
                    state of the art at the date of such design

                                        *

               (iv) be free from defects arising from failure to conform to the
                    Specification, except to those portions of the Specification
                    relating to performance or where it is expressly stated that
                    they are estimates, approximations or design aims.

               For the purpose of this Agreement the term "WARRANTED PART" shall
               mean any Seller proprietary component, equipment, accessory or
               part as installed on an Aircraft at Delivery of such Aircraft and

               (a)  which is manufactured to the detailed design of the Seller
                    or a subcontractor of the Seller and

               (b)  which bears a part number of the Seller at the time of such
                    delivery.

12.1.2         EXCLUSIONS

               The warranties set forth in Clause 12.1.1 shall not apply to
               Buyer Furnished Equipment, nor to the Engines, nor to any
               component, equipment, accessory or part purchased by the Seller
               that is not a Warranted Part except that:

               (i)  any defect in the Seller's workmanship incorporated in the
                    installation of such items in the Aircraft, including any
                    failure by the Seller to conform to the installation
                    instructions of the manufacturer of such item that
                    invalidates any applicable warranty from such manufacturer,
                    shall constitute a defect in workmanship for the purpose of
                    this Clause and be covered by the warranty set forth in
                    sub-Clause 12.1.1 (ii); and

               (ii) any defect inherent in the Seller's design of the
                    installation, in view of the state of the art at the date of
                    such design *

                                Clause 12 - 1/16

<PAGE>

                    *, which impair the use of such item shall constitute a
                    defect in design for the purpose of this Clause and be
                    covered by the warranty set forth in sub-Clause 12.1.1
                    (iii).

12.1.3         WARRANTY PERIOD

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

12.1.4         BUYER'S REMEDY AND SELLER'S OBLIGATION

12.1.4.1       The Buyer's remedy and the Seller's obligation and liability
               under Clauses 12.1.1 and 12.1.2 are limited to the removal,
               repair, replacement or correction of any Warranted Part which is
               defective and the reinstallation thereof on the Aircraft or to
               the supply of modification kits rectifying the defect, at the
               Seller's expense and option.

                                       *

               The Seller may equally at its option furnish a credit to the
               Buyer equal to the price at which the Buyer is entitled to
               purchase a replacement for the defective Warranted Part

                                        *

12.1.4.2       In the event of A defect covered by sub-Clauses 12.1.1 (iii),
               12.1.1 (iv) and 12.1.2 (ii) becoming apparent within the Warranty
               Period and the Seller being obliged to correct such defect, the
               Seller shall also, if so requested by the Buyer, make such
               correction in any Aircraft which has not yet been delivered to
               the Buyer; provided, however,

               (i)  that the Seller shall not be responsible nor deemed to be in
                    default on account of any delay in delivery of any Aircraft
                    or otherwise, in respect of the performance of this
                    Agreement due to the Seller's undertaking to make such
                    correction and provided further

               (ii) that, rather than accept a delay in the Delivery of any such
                    Aircraft, the Buyer may accept Delivery of such Aircraft
                    with subsequent correction of the defect by the Buyer at the
                    Seller's expense, or the Buyer may elect to accept Delivery
                    and thereafter file a warranty claim as though the defect
                    had become apparent immediately after Delivery of such
                    Aircraft.

                                        *

12.1.4.3       In addition to the remedies set forth in Clauses 12.1.4.1 and
               12.1.4.2, the Seller shall reimburse the direct labor costs spent
               by the Buyer in performing inspections of the Aircraft to
               determine whether or not a defect exists in any Warranted Part
               within the Warranty Period or until the corrective technical
               solution removing the need for the inspection is provided by the
               Seller.

                                Clause 12 - 2/16

<PAGE>

               The above commitment is subject to the following conditions:

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

               (ii) the reimbursement shall not apply for any inspections
                    performed as an alternative to accomplishing corrective
                    action when such corrective action has been made available
                    to the Buyer and such corrective action could have
                    reasonably been accomplished by the Buyer at the time such
                    inspections are performed or earlier,

               (iii) the labor rate to be used for the reimbursement shall be
                    labor rate defined in Clause 12.1.7, and

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

12.1.5         WARRANTY CLAIM REQUIREMENTS

               Each Buyer's warranty claim ("WARRANTY CLAIM") shall be
               considered by the Seller only if the following conditions are
               first fulfilled:

               (i)  the defect having become apparent within the Warranty
                    Period;

               (ii) the Buyer having submitted to the Seller proof reasonably
                    satisfactory to the Seller that the claimed defect is due to
                    a matter embraced within this Clause 12.1, and that such
                    defect has not resulted from any act or omission of the
                    Buyer, including but not limited to, any failure to operate
                    and maintain the affected Aircraft or part thereof in
                    accordance with the standards set forth or any matter
                    covered in Clause 12.1.10;

               (iii) the Buyer having returned as soon as practicable the
                    Warranted Part claimed to be defective to the repair
                    facilities as may be designated by the Seller, except when
                    the Buyer elects to repair a defective Warranted Part in
                    accordance with the provisions of Clause 12.1.7;

               (iv) the Seller having received a Warranty Claim as set forth in
                    Clause 12.1.6.

12.1.6         WARRANTY ADMINISTRATION

               The warranties set forth in Clause 12.1 shall be administered as
               hereinafter provided for:

               (i)  CLAIM DETERMINATION

                    Warranty Claim determination by the Seller shall be
                    reasonably based upon the claim details, reports from the
                    Seller's local representative, historical data logs,
                    inspection, tests, findings during repair, defect analysis
                    and other suitable documents.

               (ii) TRANSPORTATION COSTS

                    Transportation costs for sending a defective Warranted Part
                    to the

                                 Clause 12 - 3/16

<PAGE>

                    facilities designated by the Seller and for the return
                    therefrom of a repaired or replaced Warranted Part shall be
                    borne by'

                                        *

               (iii) RETURN OF AN AIRCRAFT

                    In the event of the Buyer desiring to return an Aircraft to
                    the Seller for consideration of a Warranty Claim, the Buyer
                    shall notify the Seller of its intention to do so and the
                    Seller shall, prior to such return, have the right to
                    inspect such Aircraft and thereafter, without prejudice to
                    its rights hereunder, to repair such Aircraft, at its sole
                    option, either at the Buyer's facilities or at another place
                    acceptable to the Seller.

                                        *

               (iv) ON-AIRCRAFT WORK BY THE SELLER

                    In the event that a defect subject to this Clause 12.1 may
                    justify the dispatch by the Seller of a working team to
                    repair or correct such defect through the embodiment of one
                    or several Seller's Service Bulletins at the Buyer's
                    facilities, or in the event of the Seller accepting the
                    return of an Aircraft to perform or have performed such
                    repair or correction, then the labor costs for such
                    on-Aircraft work are to be borne by the Seller.

                    The conditions which have to be fulfilled for on-Aircraft
                    work by the Seller are the following:

               (i)  in the opinion of the Seller, the work necessitates the
                    technical expertise of the Seller as manufacturer of the
                    Aircraft.

                                        *

                                Clause 12 - 4/16

<PAGE>

                    If * of the above conditions are fulfilled and if the Seller
                    is requested to perform the work, the Seller and the Buyer
                    shall agree on a schedule and place for the work to be
                    performed.

               (v)  WARRANTY CLAIM SUBSTANTIATION

                    In connection with each claim by the Buyer made under this
                    Clause 12.1, the Buyer shall file a Warranty Claim on the
                    Buyer's form within sixty (60) days after a defect became
                    apparent. Such form must contain at least the following
                    data:

                    a)   description of defect and action taken, if any,

                    b)   date of incident and/or removal date,

                    c)   description of the defective part,

                    d)   part number,

                    e)   serial number (if applicable),

                    f)   position on Aircraft,

                    g)   total flying hours or calendar time, as applicable at
                         the date of defect appearance,

                    h)   time since last shop visit at the date of defect
                         appearance (if applicable),

                    i)   manufacturer serial number ("MANUFACTURER'S SERIAL
                         NUMBER") of the Aircraft and/or its registration,

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

                    k)   Warranty Claim number,

                    l)   date of Warranty Claim,

                    m)   delivery date of Aircraft or part to the Buyer,

                    Warranty Claims are to be addressed as follows:

                    AIRBUS
                    CUSTOMER SERVICES DIRECTORATE
                    WARRANTY ADMINISTRATION
                    Rond-Point Maurice Bellonte
                    B.P. 33
                    F-31707 BLAGNAC CEDEX
                    FRANCE

               (vi) REPLACEMENTS

                    Components, equipment, accessories or parts, which the
                    Seller has replaced pursuant to this Clause, shall become
                    the Seller's property. The replacement components,
                    equipment, accessories or parts provided by the Seller to
                    the Buyer pursuant to this Clause shall become the Buyer's
                    property.

               (vii) SELLER'S REJECTION

                    The Seller shall provide reasonable written substantiation
                    In case of rejection of a Warranty Claim. In such event the
                    Buyer shall refund to the

                                 Clause 12 - 5/16

<PAGE>

                    Seller reasonable inspection and test charges incurred in
                    connection therewith.

               (viii) SELLER'S INSPECTION

                    The Seller shall have the right to inspect the affected
                    Aircraft and documents and other records relating thereto in
                    the event of any Warranty Claim under this Clause 12.1.

12.1.7         INHOUSE WARRANTY

               (i)  SELLER'S AUTHORIZATION

                    The Seller hereby authorizes the Buyer to perform the repair
                    of Warranted Parts (INHOUSE WARRANTY") subject to the terms
                    of this Clause 12.1.7.

               (ii) CONDITIONS FOR SELLER'S AUTHORIZATION

                    The Buyer shall be entitled to repair such Warranted Parts
                    only:

                    -    if the Buyer notifies the Seller's Representative of
                         its intention to perform Inhouse Warranty repairs
                         before any such repairs are started. The Buyer's
                         notification shall include sufficient detail regarding
                         the defect, estimated labor hours and material to allow
                         the Seller to ascertain the reasonableness of the
                         estimate. The Seller agrees to use all reasonable
                         efforts to ensure a prompt response and shall not
                         unreasonably withhold authorization;

                    -    if adequate facilities and qualified personnel are
                         available to the Buyer;

                    -    in accordance with the Seller's written instructions
                         set forth in the applicable Seller's technical
                         documentation;

                    -    to the extent specified by the Seller, or, in the
                         absence of such specification, to the extent reasonably
                         necessary to correct the defect, in accordance with the
                         standards set forth in Clause 12.1.10.

               (iii) SELLER'S RIGHTS

                    The Seller shall further have, * the right to have any
                    Warranted Part, or any part removed therefrom, claimed to be
                    defective, returned to the Seller, as set forth in
                    sub-Clause 12.1.6 (ii) if, in the judgement of the Seller,
                    the nature of the defect requires technical investigation.
                    The Seller shall further have the right, * to have a
                    representative present during the disassembly, inspection
                    and testing of any Warranted Part claimed to be defective,
                    subject to its presence being practical and not unduly
                    delaying the repair.

               (iv) INHOUSE WARRANTY CLAIM SUBSTANTIATION

                    Claims for Inhouse Warranty credit shall contain the same
                    information as that required for Warranty Claims under
                    sub-Clause 12.1.6 (v) and in

                                Clause 12 - 6/16

<PAGE>

                    addition shall include:

                    a)   a report of technical findings with respect to the
                         defect,

                    b)   for parts required to remedy the defect:

                         -    part numbers,

                         -    serial numbers (if applicable),

                         -    parts description,

                         -    quantity of parts,

                         -    unit price of parts,

                         -    related Seller's or third party's invoices (if
                              applicable),

                         -    total price of parts,

                    c)   detailed number of labor hours,

                    d)   Inhouse Warranty Labor Rate,

                    e)   total claim value.

               (v)  CREDIT

                    The Buyer's account shall be credited with an amount equal
                    to the mutually agreed direct labor costs expended in
                    performing the repair of a Warranted Part and to the direct
                    costs of materials incorporated in said repair.

                    -    For the determination of direct labor costs only
                         manhours spent on removal from the Aircraft,
                         disassembly, inspection, repair, reassembly, and final
                         inspection and test of the Warranted Part and
                         reinstallation thereof on the Aircraft are permissible.
                         Any manhours required for maintenance work concurrently
                         being carried out on the Aircraft or Warranted Part are
                         not included.

                    -    The manhours permissible above shall be multiplied by
                         an agreed labor rate of US Dollars *, ("INHOUSE
                         WARRANTY LABOUR RATE") and representing the Buyer's
                         composite labor rate meaning the average hourly rate
                         (excluding all fringe benefits, premium time
                         allowances, social charges, business taxes and the
                         like) paid to the Buyer's employees whose jobs are
                         directly related to the performance of the repair.

                    -    Direct material costs are determined by the prices at
                         which the Buyer acquired such material, excluding any
                         parts and materials used for overhaul and as may be
                         furnished by the Seller at no charge.

               (vi) LIMITATION

                    The Buyer shall in no event be credited for repair costs
                    (including labor and material) in excess of * of the current
                    catalogue price for a replacement of the defective Warranted
                    Part, unless previously approved by the Seller in accordance
                    with sub-Clause 12.1.7 (ii).

                                 Clause 12 - 7/16

<PAGE>

               (vii) SCRAPPED MATERIAL

                    The Buyer shall retain any defective Warranted Part beyond
                    economic repair and any defective part removed from a
                    Warranted Part during repair for a period of either * days
                    after the date of completion of repair or * days after
                    submission of a claim for Inhouse Warranty credit relating
                    thereto, whichever is longer. Such parts shall be returned
                    to the Seller within thirty (30) days of receipt of the
                    Seller's request to that effect.

                    Notwithstanding the foregoing, the Buyer may scrap any such
                    defective parts which are beyond economic repair and not
                    required for technical evaluation locally with the agreement
                    of the Seller's local representative. Scrapped Warranted
                    Parts shall be evidenced by a record of scrapped material
                    certified by an authorized representative of the Buyer.

12.1.8         STANDARD WARRANTY TRANSFERABILITY

               The warranties provided for in this Clause 12.1 for any Warranted
               Part shall accrue to the benefit of any airline in revenue
               service, other than the Buyer, if the Warranted Part enters into
               the possession of any such airline as a result of a pooling or
               leasing agreement between such airlines and the Buyer, in
               accordance with the terms and subject to the limitations and
               exclusions of the foregoing warranties, and to the extent
               permitted by any applicable law or regulations.

12.1.9         WARRANTY FOR CORRECTED, REPLACED OR REPAIRED WARRANTED PARTS

               Whenever any Warranted Part which contains a defect for which the
               Seller is liable under Clause 12.1 has been corrected, replaced
               or repaired pursuant to the terms of this Clause 12.1, the period
               of the Seller's warranty with respect to such corrected, replaced
               or repaired Warranted Part whichever may be the case, shall be *
               or the remaining portion of the original warranty.

12.1.10        ACCEPTED INDUSTRY STANDARD PRACTICES - NORMAL WEAR AND TEAR

               The Buyer's rights under this Clause 12.1 are subject to the
               Aircraft and each component, equipment, accessory and part
               thereof being maintained, overhauled, repaired, and operated in
               accordance with accepted industry standard practices, all
               technical documentation and any other instructions issued by the
               Seller and the Suppliers and the Engine Manufacturer and all
               applicable rules, regulations and directives of relevant Aviation
               Authorities.

12.1.10.1      The Seller's liability under this Clause 12.1 shall not extend to
               normal wear and tear nor to:

               (i)  any Aircraft or component, equipment, accessory or part
                    thereof which has been repaired, altered or modified after
                    Delivery except by the Seller or in a manner approved by the
                    Seller or the relevant Supplier;

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

                                 Clause 12 - 8/16

<PAGE>

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

                                        *

                                Clause 12 - 9/16

<PAGE>

12.2           SELLER SERVICE LIFE POLICY

12.2.1         In addition to the warranties set forth in Clause 12.1, the
               Seller further agrees that should any item listed in Exhibit "F"
               ("ITEM") sustain any breakage or defect which can reasonably be
               expected to occur on a fleetwide basis, and which materially
               impairs the utility of the Item. ("FAILURE"), and subject to the
               general conditions and limitations set forth in Clause 12.2.4,
               then the provisions of this Clause 12.2 ("SELLER SERVICE LIFE
               POLICY") shall apply.

12.2.2         PERIODS AND SELLER'S UNDERTAKINGS

               The Seller agrees that if a Failure occurs in an Item before the
               Aircraft in which such Item has been originally installed has
               completed * years after the Delivery of said Aircraft to the
               Buyer,, the Seller shall at its own discretion and as promptly as
               practicable and with the Seller's financial participation as
               hereinafter provided either:

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

12.2.2.2       replace such Item.

12.2.3         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:

               P = *

               where:

               P: financial participation of the Seller,

               C: Seller's then current sales prices for the required Item or
                  Seller designed parts,

               T: total time in months since Delivery of the Aircraft in which
                  the Item subject to a Failure has been originally installed,
                  and,

               N: *

                                Clause 12 - 10/16

<PAGE>

12.2.4         GENERAL CONDITIONS AND LIMITATIONS

12.2.4.1       The undertakings given in this Clause 12.2 shall be valid after
               the period of the Seller's warranty applicable to an item under
               Clause 12.1.

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

               (i)  the Buyer shall maintain log books and other historical
                    records in accordance with the applicable Aviation Authority
                    requirements with respect to each item adequate to enable
                    determination of whether the alleged Failure is covered by
                    this Service Life Policy and if so to define the costs to be
                    borne by the Seller in accordance with Clause 12.2.3;

               (ii) the Buyer shall keep the Seller informed of any significant
                    incidents relating to an Aircraft howsoever occurring or
                    recorded ;

               (iii) the Buyer shall comply with the conditions of Clause
                    12.1.10;

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

               (v)  in the case of any breakage or defect, the Buyer must have
                    reported the same in writing to the Seller within * days
                    after any breakage or defect in an item becomes apparent
                    whether or not said breakage or defect can reasonably be
                    expected to occur in any other aircraft, and the Buyer shall
                    have informed the Seller of the breakage or defect in
                    sufficient detail to enable the Seller to determine whether
                    said breakage or defect is subject to this Service Life
                    Policy.

12.2.4.3       Except as otherwise provided for in this Clause 12.2, any claim
               under this Service Life Policy shall be administered as provided
               for in and shall be subject to the terms and conditions of Clause
               12.1.6.

12.2.4.4       In the event that the Seller shall have issued a modification
               applicable to an Aircraft, the purpose of which is to avoid a
               Failure, the Seller may elect to supply the necessary
               modification kit free of charge or under a pro rata formula. If
               such a kit is so offered to the Buyer, then, to the extent of
               such Failure and any Failures that could ensue therefrom, the
               validity of the Seller's commitment under this Clause 12.2 shall
               be subject to the Buyer's incorporating such modification in the
               relevant Aircraft, as promulgated by the Seller and in accordance
               with the Seller's instructions, within a reasonable time.

12.2.4.5       This Service Life Policy is neither a warranty, performance
               guarantee, nor an agreement to modify any Aircraft or airframe
               components to conform to new developments occurring in the state
               of airframe design and manufacturing art.

               The Seller's obligation herein is to furnish only those
               corrections to the items or provide replacement therefor as
               provided for in Clause 12.2.3.

                                Clause 12 - 11/16

<PAGE>

               The Buyer's sole remedy and relief for the non-performance of any
               obligation or liability of the Seller arising under or by virtue
               of this Service Life Policy shall be in monetary damages, limited
               to the amount the Buyer reasonably expends in procuring a
               correction or replacement for any Item which is the subject of a
               Failure covered by this Service Life Policy and to which such
               non-performance is related.

               The Buyer hereby waives, releases and renounces all claims to any
               further damages, direct, incidental or consequential, including
               loss of profits and all other rights, claims and remedies,
               arising under or by virtue of this Service Life Policy.

12.2.5         TRANSFERABILITY

               The Buyer's rights under this Clause 12.2 shall not be assigned,
               sold, leased, transferred or otherwise alienated by operation of
               law or otherwise, without the Seller's prior consent thereto,
               which shall not be unreasonably withheld and shall be given in
               writing.

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

                                Clause 12 - 12/16

<PAGE>

12.3           SUPPLIER PRODUCT SUPPORT AGREEMENTS

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

                                       *

12.3.1         DEFINITIONS

12.3.1.1       "SUPPLIER" means any supplier of Supplier Parts.

12.3.1.2       "SUPPLIER PART" means any component, equipment, accessory or part
               installed in an Aircraft at the time of Delivery thereof as to
               which there exists a Supplier Product Support Agreement. However,
               the Engines and Buyer Furnished Equipment and other equipment
               selected by the Buyer to be supplied by Suppliers with whom the
               Seller has no existing enforceable warranty agreements are not
               Supplier Parts.

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

12.3.2         SUPPLIER'S DEFAULT

12.3.2.1       In the event of any Supplier, under any standard warranty
               obtained by the Seller pursuant to Clause 12.3.1, defaulting in
               the performance of any material obligation with respect thereto
               and the Buyer submitting in reasonable time to the Seller
               reasonable proof that such default has occurred, then Clause 12.1
               shall apply to the extent the same would have been applicable had
               such Supplier Part been a Warranted Part, except that the
               Supplier's warranty period as indicated in the Supplier Product
               Support Agreement shall apply.

12.3.2.2       In the event of any Supplier, under any Supplier Service Life
               Policy obtained by the Seller pursuant to Clause 12.3.1,
               defaulting in the performance of any material obligation with
               respect thereto and the Buyer submitting in reasonable time to
               the Seller reasonable proof that such default has occurred, then
               Clause 12.2 shall apply to the extent the same would have been
               applicable had such Supplier Item been listed in Exhibit F,
               Seller Service Life Policy, except that the Supplier's Service
               Life Policy period as indicated in the Supplier Product Support
               Agreement shall apply.

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

                                 Clause 12 - 13/16

<PAGE>

12.4           INTERFACE COMMITMENT

12.4.1         INTERFACE PROBLEM

               If the Buyer experiences any technical problem in the operation
               of an Aircraft or its systems due to a malfunction, the cause of
               which, after due and reasonable investigation, is not readily
               identifiable by the Buyer, but which the Buyer reasonably
               believes to be attributable to the design characteristics of one
               or more components of the Aircraft ("INTERFACE PROBLEM"), the
               Seller shall, if so requested by the Buyer, and without
               additional charge to the Buyer except for transportation of the
               Seller's personnel to the Buyer's facilities *, promptly conduct
               or have conducted an investigation and analysis of such problem
               to determine, if possible, the cause or causes of the problem and
               to recommend such corrective action as may be feasible. The Buyer
               shall furnish to the Seller all data and information in the
               Buyer's possession relevant to the Interface Problem, and shall
               cooperate with the Seller in the conduct of the Seller's
               investigations and such tests as may be required.

               At the conclusion of such investigation the Seller shall promptly
               advise the Buyer in writing of the Seller's opinion as to the
               cause or causes of the Interface Problem and the Seller's
               recommendations as to corrective action.

12.4.2         SELLER'S RESPONSIBILITY

               If the Seller determines that the Interface Problem is primarily
               attributable to the design of a Warranted Part, the Seller shall,
               if so requested by the Buyer and pursuant to the terms and
               conditions of Clause 12.1, correct the design of such Warranted
               Part to the extent of the Seller's obligation as defined in
               Clause 12.1.

12.4.3         SUPPLIER'S RESPONSIBILITY

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

12.4.4         JOINT RESPONSIBILITY

               If the Seller determines that the Interface Problem is
               attributable partially to the design of a Warranted Part and
               partially to the design of any Supplier Part, the Seller shall,
               if so requested by the Buyer, seek a solution to the Interface
               Problem through cooperative efforts of the Seller and any
               Supplier involved.

               The Seller shall promptly advise the Buyer of such corrective
               action as may be proposed by the Seller and any such Supplier.
               Such proposal shall be consistent with any then existing
               obligations of the Seller hereunder and of any such Supplier to
               the Buyer. Such corrective action when accepted by the Buyer
               shall constitute full satisfaction of any claim the Buyer may
               have against either the Seller or any such Supplier with respect
               to such Interface Problem.

                                Clause 12 - 14/16

<PAGE>

12.4.5         GENERAL

12.4.5.1       All requests under this Clause 12.4 shall be directed to both the
               Seller and the Supplier.

12.4.5.2       Except as specifically set forth in this Clause 12.4, this Clause
               shall not be deemed to impose on the Seller any obligations not
               expressly set forth elsewhere in this Clause 12.

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

12.5           WAIVER, RELEASE AND RENUNCIATION

               THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND/OR
               ITS SUPPLIERS AND REMEDIES OF THE BUYER SET FORTH IN THIS CLAUSE
               12 ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE BUYER HEREBY
               WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS
               AND LIABILITIES OF THE SELLER AND/OR ITS SUPPLIERS AND RIGHTS,
               CLAIMS AND REMEDIES OF THE BUYER AGAINST THE SELLER, ITS
               SUPPLIERS AND/OR THEIR INSURERS, EXPRESS OR IMPLIED, ARISING BY
               LAW OR OTHERWISE WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN
               ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR
               DATA DELIVERED UNDER THIS AGREEMENT INCLUDING BUT NOT LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS (GARANTIE DES VICES
                    CACHES);

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

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

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

               (E)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS
                    OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT, ACCESSORY,
                    PART, SOFTWARE OR DATA DELIVERED UNDER THIS AGREEMENT.

               THE SELLER AND/OR ITS SUPPLIERS SHALL HAVE NO OBLIGATION OR
               LIABILITY. HOWSOEVER ARISING, FOR LOSS OF USE, REVENUE OR PROFIT
               OR FOR ANY OTHER DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES
               WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY AIRCRAFT,
               COMPONENT, EQUIPMENT, ACCESSORY, PART, SOFTWARE OR DATA DELIVERED
               UNDER THIS AGREEMENT.

               FOR THE PURPOSES OF THIS CLAUSE 12.5, "THE SELLER" SHALL INCLUDE
               THE SELLER, ITS AFFILIATES AND ANY OF THEIR RESPECTIVE INSURERS.

                                Clause 12 - 15/16

<PAGE>

12.6           DUPLICATE REMEDIES

               The Seller shall not be obliged to provide any remedy which
               duplicates any other remedy already provided to the Buyer in
               respect of the same defect under any part of this Clause 12 as
               such Clause may be amended, complemented or supplemented by other
               contractual agreements or by other Clauses of this Agreement.

 12.7          NEGOTIATED AGREEMENT

               The Buyer specifically recognises that:

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

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

               (iii) the price of the Aircraft and the other mutual agreements
                    of the Buyer set forth in this Agreement were arrived at in
                    consideration of, inter alia, the provisions of this Clause
                    12, specifically including the waiver, release and
                    renunciation by the Buyer set forth in Clause 12.5.

                                Clause 12 - 16/16

<PAGE>

13             PATENT AND COPYRIGHT INDEMNITY

13.1           INDEMNITY

13.1.1         Subject to the provisions of Clause 13.2.3, the Seller shall
               indemnify the Buyer from and against any damages, costs or
               expenses including legal costs (excluding damages, costs,
               expenses, loss of profits and other liabilities in respect of or
               resulting from loss of use of the Aircraft) resulting from any
               infringement or claim of infringement by the Airframe (or any
               part or software installed therein at Delivery) of:

               (i)  any British, French, German, Spanish or U.S. patent; and

               (ii) any patent issued under the laws of any other country in
                    which the Buyer may lawfully operate the Aircraft, provided
                    that:

                    (1)  from the time of design of such Airframe, accessory,
                         equipment or part and until infringement claims are
                         resolved, such country and the flag country of the
                         Aircraft are each a party to the Chicago Convention on
                         International Civil Aviation of December 7, 1944, and
                         are each fully entitled to all benefits of Article 27
                         thereof,

                    or in the alternative,

                    (2)  from such time of design and until infringement claims
                         are resolved, such country and the flag country of the
                         Aircraft are each a party to the International
                         Convention for the Protection of Industrial Property of
                         March 20,1883 ("Paris Convention");

               and

               (iii) in respect of computer software installed on the Aircraft,
                    any copyright, provided that the Seller's obligation to
                    indemnify shall be limited to infringements in countries
                    which, at the time of infringement are members of The Berne
                    Union and recognise computer software as a "work" under the
                    Berne Convention.

13.1.2         Clause 13.1.1 shall not apply to

               (i)  Buyer Furnished Equipment or Engines; or

               (ii) parts not supplied pursuant to a Supplier Product Support
                    Agreement; or

               (iii) software not created by the Seller.

                              Clause 13 - Page 1/2

<PAGE>

13.1.3         In the event that the Buyer is prevented from using the Aircraft
               (whether by a valid judgement of a court of competent
               jurisdiction or by a settlement arrived at between claimant,
               Seller and Buyer), the Seller shall at its expense either:

               (i)  procure for the Buyer the right to use the same free of
                    charge to the Buyer; or

               (ii) replace the infringing part of the Aircraft as soon as
                    possible with a non-infringing substitute complying in all
                    other respects with the requirements of this Agreement.

13.2           ADMINISTRATION OF PATENT AND COPYRIGHT INDEMNITY CLAIMS

13.2.1         If the Buyer receives a written claim or a suit is threatened or
               commenced against the Buyer for infringement of a patent or
               copyright referred to in Clause 13.1, the Buyer shall:

               (i)  forthwith notify the Seller giving particulars thereof;

               (ii) furnish to the Seller all data, papers and records within
                    the Buyer's control or possession relating to such patent or
                    claim;

               (iii) refrain from admitting any liability or making any payment
                    or assuming any expenses, damages, costs or royalties or
                    otherwise acting in a manner prejudicial to the defense or
                    denial of such suit or claim provided always that nothing in
                    this sub-Clause (iii) shall prevent the Buyer from paying
                    such sums as may be required in order to obtain the release
                    of the Aircraft, provided such payment is accompanied by a
                    denial of liability and is made without prejudice;

               (iv) fully co-operate with, and render all such assistance to,
                    the Seller as may be pertinent to the defense or denial of
                    the suit or claim ;

               (v)  act in such a way as to mitigate damages and / or to reduce
                    the amount of royalties which may be payable as well as to
                    minimise costs and expenses.

13.2.2         The Seller shall be entitled either in its own name or on behalf
               of the Buyer to conduct negotiations with the party or parties
               alleging infringement and may assume and conduct the defense or
               settlement of any suit or claim in the manner which, in the
               Seller's opinion, it deems proper.

13.2.3         The Seller's liability hereunder shall be conditional upon the
               strict and timely compliance by the Buyer with the terms of this
               Clause and is in lieu of any other liability to the Buyer express
               or implied which the Seller might incur at law as a result of any
               infringement or claim of infringement of any patent or copyright.

                              Clause 13 - Page 2/2

<PAGE>

14             TECHNICAL DATA AND SOFTWARE SERVICES

               This Clause covers the terms and conditions for the supply of
               technical data and software services (hereinafter "TECHNICAL
               DATA") to support the Aircraft operation.

14.1           SCOPE

               The Technical Data shall be supplied in the English language
               using the aeronautical terminology in common use.

               Range, form, type, format, quantity and delivery schedule of Air
               Transport Association ("ATA") and Non ATA Technical Data to be
               provided under this Agreement are outlined in Exhibit G.

               Not used or only partially used Technical Data provided pursuant
               to this Clause shall not be compensated or credited to the Buyer.

14.2           AIRCRAFT IDENTIFICATION FOR TECHNICAL DATA

14.2.1         For the customized Technical Data the Buyer agrees to the
               allocation of fleet serial numbers ("FLEET SERIAL NUMBERS") in
               the form of block of numbers selected in the range from 001 to
               999.

14.2.2         The sequence shall not be interrupted except if two (2) different
               Engines or two (2) different Aircraft models are selected.

14.2.3         The Buyer shall indicate to the Seller the Fleet Serial Number
               allocated to each Aircraft corresponding to the Aircraft rank in
               the Delivery schedule set forth in Clause 9.1.1 hereof within
               forty-five (45) days after execution of this Agreement. The
               subsequent allocation of Fleet Serial Numbers to Manufacturer's
               Serial Numbers for the purpose of producing customized Technical
               Data shall not constitute any property, insurable or other
               interest of the Buyer whatsoever in any Aircraft prior to the
               Delivery of such Aircraft as provided for in this Agreement.

               The affected customized Technical Data are:

               -    Aircraft Maintenance Manual,

               -    Illustrated Parts Catalog,

               -    Trouble Shooting Manual,

               -    Aircraft Wiring Manual,

               -    Aircraft Schematics Manual,

               -    Aircraft Wiring Lists.

                                 Clause 14 - 1/20

<PAGE>

14.3           INTEGRATION OF EQUIPMENT DATA

14.3.1         SUPPLIER EQUIPMENT

               Information relating to Supplier equipment which is installed on
               the Aircraft by the Seller shall be introduced into the
               customized Technical Data to the extent necessary for the
               comprehension of the systems concerned, at no additional charge
               to the Buyer for the Technical Data basic issue.

14.3.2         BUYER FURNISHED EQUIPMENT

14.3.2.1       The Seller shall introduce Buyer Furnished Equipment data, for
               equipment which is installed on the Aircraft by the Seller, into
               the customized Technical Data at no additional charge to the
               Buyer for the Technical Data basic issue, provided such data is
               provided in accordance with the conditions set forth in Clauses
               14.3.2.2 through 14.3.2.5 hereunder.

14.3.2.2       The Buyer shall supply the data related to Buyer Furnished
               Equipment to the Seller at least six (6) months before the
               scheduled delivery of the customized Technical Data. The Buyer
               Furnished Equipment data supplied to the Buyer by the Seller
               shall be in English Language.

14.3.2.3       The supplied Buyer Furnished Equipment data shall be established
               in compliance with ATA 2200 standard Specification in the
               applicable Revision.

               Subsequent revisions of the ATA Specification shall be considered
               as applicable.

14.3.2.4       The Buyer and the Seller shall agree on the requirements for the
               provision to the Seller of BFE data for "on-aircraft
               maintenance", such as but not limited to timeframe, media and
               format, for integration of such data into Technical Data, with
               the aim of managing the BFE data integration process in an
               efficient, expedite and economic manner.

14.3.2.4       The Buyer Furnished Equipment data shall be delivered in digital
               format (SGML) and/or in Portable Document Format (PDF), as shall
               have been set forth in the Data Supply/Exchange Agreement.

14.3.2.6       All costs related to the delivery to the Seller of the applicable
               Buyer Furnished Equipment data shall be borne by the Buyer.

14.3.2.7       In the event of the Seller providing directly certain items which
               are considered as Buyer Furnished Equipment according to the
               Specification pursuant to and in accordance with Clause 18.1.4,
               this Clause 14.3.2 shall remain fully applicable to the data
               related to such Buyer Furnished Equipment.

                                Clause 14 - 2/20

<PAGE>

14.4           DELIVERY

14.4.1         Technical Data are delivered on-line and/or off-lline, as set
               forth in Exhibit G hereto.

14.4.2         In the event of the Technical Data and corresponding revisions
               being delivered in a format other than on-line, the Technical
               Data and corresponding revisions to be supplied by the Seller
               shall be sent to one address only as advised by the Buyer.

14.4.3         In such case, the shipment shall be Free Carrier (FCA) TOULOUSE,
               FRANCE and/or Free Carrier (FCA) HAMBURG, FEDERAL REPUBLIC OF
               GERMANY, as the term Free Carrier (FCA) is defined by publication
               no 560 of the International Chamber of Commerce, published in
               January 2000.

14.4.4         The delivery schedule of the Technical Data shall be phased as
               mutually agreed to correspond with Aircraft Deliveries. The Buyer
               agrees to provide forty (40) days notice when requesting a change
               to the delivery schedule.

14.4.5         It shall be the responsibility of the Buyer to coordinate and
               satisfy local Aviation Authorities' needs for Technical Data.

14.5           REVISION SERVICE

               Unless otherwise specifically stated, revision service shall be
               provided on a free of charge basis for a period of * years after
               Delivery of the last firmly ordered Aircraft covered under this
               Agreement.

               Thereafter revision service shall be provided at the standard
               conditions set forth in the then current Seller's Customer
               Services Catalog.

                                       *

14.6           SERVICE BULLETINS (SB) INCORPORATION

               During the period of revision service and upon the Buyer's
               request for incorporation, which shall be made within two years
               after issuance of a Service Bulletin, Seller's Service Bulletin
               information shall be incorporated into the Technical Data for the
               Buyer's Aircraft after formal notification by the Buyer of its
               intention to accomplish a Service Bulletin. The split effectivity
               for the corresponding Service Bulletin shall remain in the
               Technical Data until notification from the Buyer that embodiment
               has been completed on all the Buyer's Aircraft. The above is
               applicable for Technical Data relating to maintenance. For the
               operational Data only the pre or post Service Bulletin status
               shall be shown.

14.7           FUTURE DEVELOPMENTS

               The Seller shall continuously monitor technological developments
               and apply them to data production and methods of transmission
               where beneficial and economical. The Buyer accepts to consider
               any new development proposed by the Seller for possible
               implementation.

                                Clause 14 - 3/20

<PAGE>

14.8           TECHNICAL DATA FAMILIARIZATION

               Upon request by the Buyer, the Seller is ready to provide a one
               (1) week Technical Data familiarization training, *, at the
               Seller's or at the Buyer's facilities. If such familiarization is
               conducted at the Buyer's facilities, the Buyer shall reimburse
               the Seller for all air travel (business class) and living
               expenses of the representatives of the Seller conducting such
               familiarization.

14.9           CUSTOMER ORIGINATED CHANGES (COC)

14.9.1         Buyer originated data may be introduced as COC into the following
               customized Technical Data:

               -    Aircraft Maintenance Manual,

               -    Illustrated Parts Catalog,

               -    Trouble Shooting Manual,

               -    Aircraft Wiring Manual,

               -    Aircraft Schematics Manual,

               -    Aircraft Wiring Lists,

               -    Flight Crew Operating Manual,

               -    Quick Reference "Handbook".

14.9.2         COC data shall be established by the Buyer according to the
               Customer Guide for Customer Originated Changes, as issued by the
               Seller. The Buyer shall ensure that any such data is in
               compliance with the requirements of its local Aviation
               Authorities.

               COC data shall be incorporated by the Seller into all affected
               customized Technical Data unless the Buyer specifies in writing
               the documents of its choice into which the COC data shall be
               incorporated.

14.9.3.1       The Buyer hereby acknowledges and accepts that the incorporation
               of any COC into the Technical Data issued by the Seller shall be
               entirely at the Buyer's risk and that the Seller shall not be
               required to check any COC data submitted for incorporation.

               Further, the Buyer acknowledges full liability for the effects,
               including all related costs, which any COC may have on any
               subsequent Service Bulletins and/or modifications.

14.9.3.2       THE SELLER HEREBY EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES OR
               LIABILITIES, EXPRESSED OR IMPLIED, ORAL OR WRITTEN, ARISING BY
               LAW, COURSE OF DEALING OR OTHERWISE, AND WITHOUT LIMITATION ALL
               WARRANTIES AS TO QUALITY, OPERATION, MERCHANTABILITY, FITNESS FOR
               ANY INTENDED PURPOSE, AND ALL OTHER CHARACTERISTICS WHATSOEVER,
               INCLUDING ANY OMISSIONS OR INACCURACIES THEREIN, OF ANY CUSTOMER
               ORIGINATED CHANGES (COC) INCORPORATED INTO THE TECHNICAL DATA
               ISSUED BY THE SELLER.

               THE FOREGOING DISCLAIMER SHALL ALSO APPLY TO ANY OTHER PORTION OF
               THE SELLER'S TECHNICAL DATA WHICH MAY BE AFFECTED BY ANY SUCH
               CUSTOMER ORIGINATED CHANGES (COC).

                                Clause 14 - 4/20

<PAGE>

14.9.3.3       In the event of the Seller being required under any court order
               or settlement to indemnify any third party for injury, loss or
               damage incurred directly or indirectly as a result of
               Incorporation of any COC into the Technical Data issued by the
               Seller, the Seller shall promptly notify the Buyer and shall
               inform the Buyer with respect to the conduct and/or settlement of
               any such claim. The Buyer agrees to reimburse the Seller for all
               payments or settlements made in respect of such injury, loss or
               damage including any expenses incurred by the Seller in defending
               such claims.

14.9.3.4       In the event of the Buyer selling, leasing or otherwise
               transferring the Aircraft to which the COC data apply, the Buyer
               hereby agrees that, unless the COC data are removed from the
               Technical Data at the Buyer's request and expense prior to such
               transfer:

               (i)  the Buyer shall remain fully liable for the COC data and any
                    and all effects of their incorporation, as set forth in this
                    Clause 14.9;

               (ii) the Seller may disclose the COC data to the subsequent
                    owner(s) or operator(s) of the transferred Aircraft;

               (iii) it shall be the sole responsibility of the Buyer to notify,
                    or cause to be notified, the subsequent owner(s) or
                    operator(s) of the existence of the such COC data in the
                    Technical Data applicable to the corresponding Aircraft.

               The Seller hereby disclaims any and all liabilities whatsoever
               for the COC data in the event of transfer, sale or lease as set
               forth hereabove.

14.9.4         The incorporation of any COC as aforesaid shall be performed
               under the conditions specified in the Seller's then current
               Customer Services Catalog.

14.10          SOFTWARE SERVICES

14.10.1        PERFORMANCE ENGINEER'S PROGRAMS

14.10.1.1      The Seller shall provide to the Buyer software components and
               databases composing the Performance Engineer's Programs (PEP) for
               the Aircraft type covered under this Agreement under licence
               conditions as defined in Appendix A to this Clause.

14.10.1.2      Use of the PEP shall be limited to three (3) copies to be used on
               three (3) computers. The PEP is intended for use on ground only
               and shall not be embarked on board of the Aircraft.

14.10.1.3      The licence to use the PEP shall be granted free of charge for as
               long as the revisions of the PEP are free of charge in accordance
               with Clause 14.5. At the end of such period, the yearly revision
               service for the PEP shall be provided to the Buyer at the
               standard commercial conditions set forth in the then current
               Seller's Customer Services Catalog.

                                Clause 14 - 5/20

<PAGE>

14.10.2        AIRN@V FAMILY

               Certain Technical Data are provided on DVD and/or on line under
               licence conditions as defined in Appendix A to this Clause.

               The AirN@v Family covers several Technical Data domains, with the
               following AirN@v Family products:

               -    AirN@v Maintenance,

               -    AirN@v Engineering,

               -    AirN@v Planning,

               -    AirN@v Repair,

               -    AirN@v Shop.

               Details of the documents included in such products are set forth
               in Exhibit G.

               The licence to use AirN@v Family products shall be granted free
               of charge for the Aircraft for as long as the revisions of such
               Technical Data are free of charge in accordance with Clause 14.5.
               At the end of such period, the yearly revision service for AirN@v
               Family products shall be provided to the Buyer at the standard
               commercial conditions set forth in the then current Seller's
               Customer Services Catalog.

14.10.3        AIRBUS|WORLD CUSTOMER PORTAL

14.10.3.1      The Buyer shall be entitled to obtain access to a wide range of
               information and services, including Technical Data, available in
               the secure zone of Airbus' Customer Portal Airbus|Wor1d
               ("AIRBUS|WORLD").

               Access to the secure zone of Airbus|World, which is reserved to
               Airbus owners and operators (the "SECURE ZONE"), shall be subject
               to the prior signature by the Buyer of the "General Terms and
               Conditions of Access to and Use of Airbus Secure Area of Customer
               Portal" (hereinafter the "GTC").

               A description of the Basic Services, which are available to the
               Buyer in the Secure Zone and are provided to the Buyer free of
               charge after signature of the GTC, for as long as the Buyer
               operates the Aircraft, is set forth in Appendix B to this Clause
               14.

               Furthermore, although part of the data available on Airbus|World
               is neither sensitive nor confidential and is also available to
               the general internet public in the public zone of the portal (the
               "PUBLIC ZONE"), it is however recommended that for simplicity of
               access the Buyer find this information in the Secure Zone.

14.10.3.2      On-Line Technical Data

14.10.3.2.1    The Technical Data defined in Exhibit "G" as being provided
               on-line shall be made available to the Buyer through the Secure
               Zone.

               Such provision shall be at no cost as long as revision service
               for such Technical Data is free of charge in accordance with
               Clause 14.5.

14.10.3.2.2    The list of the Technical Data available on-line may be extended
               from time to time.

                                Clause 14 - 6/20

<PAGE>

               For any Technical Data which is or becomes available on-line, the
               Seller reserves the right to suppress other formats for the
               concerned Technical Data.

14.10.3.3      Access to the Secure Zone shall be granted free of charge for a
               maximum of * of the Buyer's users (including one Buyer
               Administrator) for the Technical Data related to the Aircraft
               which shall be operated by the Buyer.

14.10.3.4      For the sake of clarification, it is hereby specified that
               Technical Data accessed through the Secure Zone - which access
               shall be covered by terms and conditions set forth in the GTC -
               shall remain subject to the conditions of this Clause 14.

               In addition, should the Secure Zone provide access to Technical
               Data in software format, the use of such software shall be
               further subject to the conditions of Appendix A hereto.

14.11          WARRANTIES

14.11.1        The Seller warrants that the Technical Data are prepared in
               accordance with the state of art at the date of their conception.
               Should any Technical Data prepared by the Seller contain error,
               omission, non-conformity or defect, the sole and exclusive
               liability of the Seller shall be to take all reasonable and
               proper steps to, at its option, correct or replace such Technical
               Data. Notwithstanding the above, no warranties of any kind are
               given for the Customer Originated Changes, as set forth in Clause
               14.9.

14.11.2        THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND/OR
               ITS SUPPLIERS AND REMEDIES OF THE BUYER SET FORTH IN THIS CLAUSE
               14 ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE BUYER HEREBY
               WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES, OBLIGATIONS
               AND LIABILITIES OF THE SELLER AND/OR ITS SUPPLIERS AND RIGHTS,
               CLAIMS AND REMEDIES OF THE BUYER AGAINST THE SELLER, ITS
               SUPPLIERS AND/OR THEIR INSURERS, EXPRESS OR IMPLIED, ARISING BY
               LAW OR OTHERWISE, WITH RESPECT TO ANY NON CONFORMITY OR DEFECT IN
               ANY TECHNICAL DATA DELIVERED UNDER THIS AGREEMENT, INCLUDING BUT
               NOT LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS (GARANTIE DES VICES
                    CACHES);

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

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

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

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

               THE SELLER AND/OR ITS SUPPLIERS SHALL HAVE NO OBLIGATION OR
               LIABILITY, HOWSOEVER ARISING, FOR LOSS OF USE. REVENUE OR PROFIT
               OR FOR ANY OTHER DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES WITH
               RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY

                                Clause 14 - 7/20

<PAGE>

               TECHNICAL DATA DELIVERED UNDER THIS AGREEMENT.

               FOR THE PURPOSES OF THIS CLAUSE 14.11.2, "THE SELLER" SHALL
               INCLUDE THE SELLER, ITS AFFILIATES AND ANY OF THEIR RESPECTIVE
               INSURERS.

14.12          PROPRIETARY RIGHTS

14.12.1        All proprietary rights, including but not limited to patent,
               design and copyrights, relating to Technical Data shall remain
               with the Seller and/or its Affiliates as the case may be.

               These proprietary rights shall also apply to any translation into
               a language or languages or media that may have been performed or
               caused to be performed by the Buyer.

14.12.2        Whenever this Agreement provides for manufacturing by the Buyer,
               the consent given by the Seller shall not be construed as express
               or implicit approval howsoever neither of the Buyer nor of the
               manufactured products. The supply of the Technical Data shall not
               be construed as any further right for the Buyer to design or
               manufacture any Aircraft or part thereof or spare part.

14.13          CONFIDENTIALITY

14.13.1        The Technical Data and their content are designated as
               confidential. All such Technical Data are supplied to the Buyer
               for the sole use of the Buyer who undertakes not to disclose the
               contents thereof to any third party without the prior written
               consent of the Seller, * save as permitted therein or otherwise
               pursuant to any government or legal requirement imposed upon the
               Buyer, *

14.13.2        in the case of the Seller having authorized the disclosure to
               third parties either under this Agreement or by an express prior
               written authorization, the Buyer shall undertake that such third
               party agree to be bound by the same conditions and restrictions
               as the Buyer with respect to the disclosed Technical Data.

                                Clause 14 - 8/20

<PAGE>

                                                         APPENDIX A TO CLAUSE 14

                             APPENDIX A TO CLAUSE 14

                                 LICENCE FOR USE

                                       OF

                                    SOFTWARE

                                Clause 14 - 9/20

<PAGE>

                                                         APPENDIX A TO CLAUSE 14

                           LICENCE FOR USE OF SOFTWARE

1.             DEFINITIONS

               For the purposes of this licence the following definitions shall
               apply:

               "LICENSOR" means the Seller.

               "LICENSEE" means the Buyer.

               "SOFTWARE" means the set of programs, configurations, processes,
               rules and, if applicable, documentation related to the operation
               of the data processing.

               "FREEWARE" means the Software furnished free of charge to the
               Licensee.

               "COMPOSITE WORK" means the work composed of various elements,
               such as database, software or data, and which necessitates the
               use of the Software

               "USER GUIDE" means the documentation, which may be in electronic
               format, designed to assist the Licensee to use the Software,
               Freeware or Composite Work, as applicable.

               Capitalized terms used herein and not otherwise defined in this
               Software Licence shall have the meaning assigned thereto in the
               Agreement.

2.             GRANT

               The Licensor grants the Licensee the right to use the Software
               under the conditions set forth below ("the SOFTWARE LICENCE").
               The Software Licence shall also apply to any Freeware and/or
               Composite Work delivered by the Licensor.

3.             PERSONAL LICENCE

               The sole right granted to the Licensee under this Software
               Licence is the right to use the Software. The Software Licence is
               personal to the Licensee, for its own internal use, and is
               non-transferable and non-exclusive.

4.             COPIES

               Use of the Software is limited to the number of copies delivered
               by the Licensor to the Licensee and to the medium on which the
               Software is delivered. No reproduction shall be made without the
               written consent of the Licensor. It is however agreed that the
               Licensee is authorized to copy the Software for back-up and
               archiving purposes. Any copy authorized by the Licensor to be
               made by the Licensee shall be performed under the sole
               responsibility of the Licensee. The Licensee agrees to reproduce
               the copyright and other notices as they appear on or within the
               original media on any copies that the Licensee makes of the
               Software.

                                Clause 14 - 10/20

<PAGE>

                                                         APPENDIX A TO CLAUSE 14

5.             TERM

               Subject to the Licensee having complied with the terms of this
               Software Licence, the rights under the Software Licence shall be
               granted from the date of first delivery of the Software to
               December 31st of the year of delivery. For the following years,
               the rights under this Software Licence shall be automatically
               granted to the Licensee from January 1st to December 31st,
               subject to compliance by the Licensee with its obligations.

               The Licensee may terminate the Software Licence by notifying in
               writing to the Licensor its desire not to renew the service for
               the following year. Such notification shall be received by the
               Licensor not later than November 30th of the current year.

               For clarification purposes, it is hereby expressly stated that
               the Software may be offered for a limited period. In the event
               that the Licensor should offer a replacement product, the
               conditions for using such product shall be subject to a separate
               agreement.

6.             CONDITIONS OF USE

               Under the present Software Licence, the Licensee shall:

               -    * to maintain the Software and the relating documentation in
                    good working condition, in order to ensure the correct
                    operation thereof;

               -    use the Software in accordance with such documentation and
                    the User Guide, and ensure that the staff using the Software
                    have received the appropriate training;

               -    use the Software exclusively in the technical environment
                    defined in the applicable User Guide, except as otherwise
                    agreed in writing between the parties (subject to said
                    agreement, decompilation may be exceptionally agreed to by
                    the Licensor in order for the Licensee to obtain the
                    necessary information to enable the Software to function in
                    another technical environment);

               -    use the Software for its own internal needs and on its
                    network only (except if Seller has consented to other
                    usages), when technically possible, and exclusively on the
                    machine referenced and the site declared;

               -    not alter, reverse engineer, modify or adapt the Software,
                    nor integrate all or part of the Software in any manner
                    whatsoever into another software product;

               -    when the source code is provided to the Licensee, the
                    Licensee shall have the right to study and test the
                    Software, under conditions to be expressly specified by the
                    Licensor, but in no event shall the Licensee have the right
                    to correct, modify or translate the Software;

               -    not correct the Software, except that such correction right
                    may exceptionally be granted to the Licensee by the Licensor
                    in writing;

               -    not translate, disassemble or decompile the Software, nor
                    create a software product derived from the Software;

               -    not attempt to or authorize a third party to discover or
                    re-write the Software source codes in any manner whatsoever;

                                Clause 14 - 11/20

<PAGE>

                                                         APPENDIX A TO CLAUSE 14

               -    not delete any identification or declaration relative to the
                    intellectual property rights, trademarks or any other
                    information related to ownership or intellectual property
                    rights provided in the Software by the Licensor;

               -    not pledge, sell, distribute, grant, sub-licence, lease,
                    lend, whether on a free-of-charge basis or against payment,
                    or permit access on a time-sharing basis or any other
                    utilization of the Software, whether in whole or in part,
                    for the benefit of a third party;

               -    not permit any third-party to use the Software in any
                    manner, including but not limited to, any outsourcing, loan,
                    commercialization of the Software or commercialization by
                    merging the Software into another software or adapting the
                    Software, without prior written consent from the Licensor.

               The Licensor, *, shall be entitled, subject to providing
               reasonable prior written notice thereof to the Licensee and
               provided the same will not interfere with the Licensee's
               commercial operation, to come and verify in the Licensee's
               facilities whether the conditions specified in the present
               Software Licence are respected. This shall not however engage the
               responsibility of the Licensor in any way whatsoever.

7.             TRAINING

               In addition to the User Guide provided with the Software,
               training and other assistance shall be provided upon the
               Licensee's request on a chargeable basis (unless otherwise
               provided for in this Agreement).

8.             PROPRIETARY RIGHTS

               The Software is proprietary to the Licensor or the Licensor has
               acquired the intellectual property rights necessary to grant this
               Software Licence. The copyright and all other proprietary rights
               in the Software are and shall remain the property of the
               Licensor.

               The Licensor reserves the right to modify any Software at its
               sole discretion without prior notice to the Licensee.

9.             COPYRIGHT INDEMNITY

               The Licensor shall defend and indemnify the Licensee against any
               claim that the normal use of the Software infringes the
               intellectual property rights of any third party, provided that
               the Licensee:

               -    promptly notifies the Licensor of any such claim;

               -    Makes no decision or settlement of any claim;

               -    Allows the Licensor to have sole control over all
                    negotiations for its settlement;

               -    Gives the Licensor all reasonable assistance in connection
                    therewith.

                                Clause 14 - 12/20

<PAGE>

                                                         APPENDIX A TO CLAUSE 14

               Should the Licensee be prevented from using the Software by any
               enforceable court decision, the Licensor shall at its own costs
               and at its choice either modify the Software to avoid
               infringement or obtain for the Licensee the right to use the
               Software.

10.            CONFIDENTIALITY

               The Software and its contents are designated as confidential. The
               Licensee undertakes not to disclose the Software or parts thereof
               to any third party without the prior written consent of the
               Licensor. In so far as it is necessary to disclose aspects of the
               Software to the employees, such disclosure is permitted solely
               for the purpose for which the Software is supplied and only to
               those employees who need to know the same.

               The obligations of the Licensee to maintain confidentiality shall
               survive the termination of the Software Licence grant for a
               period of ten (10) years.

11.            WARRANTY

               The Licensor warrants that the Software is prepared in accordance
               with the state of art at the date of its conception and shall
               perform substantially in accordance with its functional and
               technical specification at the time of delivery. Should the
               Software be found to contain any nonconformity or defect, the
               Licensee shall notify the Licensor promptly thereof and the sole
               and exclusive liability of the Licensor under this Software
               Licence shall be to correct the same.

               THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE LICENSOR
               AND/OR ITS SUPPLIERS AND REMEDIES OF THE LICENSEE ARE EXCLUSIVE
               AND IN SUBSTITUTION FOR, AND THE LICENSEE HEREBY WAIVES, RELEASE
               AND RENOUNCES, ALL OTHER WARRANTIES, OBLIGATIONS AND LIABILITIES
               OF THE LICENSOR AND/OR ITS SUPPLIERS AND RIGHTS, CLAIMS AND
               REMEDIES OF THE LICENSEE AGAINST THE LICENSOR, ITS SUPPLIERS
               AND/OR THEIR INSURERS, EXPRESS OR IMPLIED, ARISING BY LAW OR
               OTHERWISE WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY
               SOFTWARE DELIVERED UNDER THIS SOFTWARE LICENCE INCLUDING BUT NOT
               LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS (GARANTIE DES VICES
                    CACHES):

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

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

               (D)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER
                    CONTRACTUAL OR DELICTUAL AND WHETHER OR NOT ARISING FROM THE
                    LICENSOR'S AND/OR ITS SUPPLIERS' NEGLIGENCE, ACTUAL OR
                    IMPUTED; AND

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

               THE LICENSOR AND/OR ITS SUPPLIERS SHALL HAVE NO OBLIGATION OR
               LIABILITY, HOWSOEVER ARISING, FOR LOSS OF USE, REVENUE OR PROFIT
               OR FOR ANY OTHER DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES
               WITH RESPECT TO ANY NONCONFORMITY OR DEFECT IN ANY SOFTWARE
               DELIVERED UNDER THIS SOFTWARE LICENCE.

               FOR THE PURPOSES OF THIS CLAUSE 11, "THE LICENSOR" SHALL INCLUDE
               THE

                                Clause 14 - 13/20

<PAGE>

                                                         APPENDIX A TO CLAUSE 14

               LICENSOR, ITS AFFILIATES AND ANY OF THEIR RESPECTIVE INSURERS.

               The Licensor shall have no liability for data that is entered
               into the Software by the Licensee and/or used for computation
               purposes.

12.            LIABILITY AND INDEMNITY

               The Software is supplied under the express condition that the
               Licensor shall have no liability in contract or in tort arising
               from or in connection with the use or possession by the Licensee
               of the Software and that the Licensee shall indemnify and hold
               the Licensor harmless from and against any liabilities and claims
               resulting from such use or possession.

13.            EXCUSABLE DELAYS

13.1           The Licensor shall not be responsible nor be deemed to be in
               default on account of delays in delivery or otherwise in the
               performance of this Software Licence or any part thereof due to
               causes reasonably beyond Licensor's or its subcontractors'
               control including but not limited to: natural disasters, fires,
               floods, explosions or earthquakes, epidemics or quarantine
               restrictions, serious accidents, total or constructive total
               loss, any act of the government of the country of the Licensee or
               the governments of the countries of Licensor or its
               subcontractors, war, insurrections or riots, failure of
               transportation, communications or services, strikes or labor
               troubles causing cessation, slow down or interruption of
               services, inability after due and timely diligence to procure
               materials, accessories, equipment or parts, failure of a
               subcontractor or vendor to furnish materials, accessories,
               equipment or parts due to causes reasonably beyond such
               subcontractor's or vendor's control or failure of the Licensee to
               comply with its obligations arising out of the present Software
               Licence.

13.2           The Licensor shall, as soon as practicable after becoming aware
               of any delay falling within the provisions of this Clause, notify
               the Licensee of such delay and of the probable extent thereof and
               shall, subject to the conditions as hereinafter provided and as
               soon as practicable after the removal of the cause or causes for
               delay, resume performance under the Software Licence.

13.3           Should an event of force majeure last for a period extending
               beyond three (3) months, the Software Licence shall be
               automatically terminated, as a matter of right, unless otherwise
               agreed in writing, without compensation for either the Licensor
               or the Licensee.

14.            TERMINATION

               In the event of breach of an obligation set forth in this
               Software Licence by either the Licensor or the Licensee, which is
               not cured within 30 days from the date of receipt of a written
               notice notifying the breach, the non-breaching party shall be
               entitled to terminate this Software Licence.

               In the event of termination for any cause, the Licensee shall no
               longer have any right to use the Software and shall return to the
               Licensor all copies of the Software and any relating
               documentation together with an affidavit to that effect. In case
               of breach by the Licensee, the Licensor shall be entitled to
               retain any amount paid for the ongoing year.

                                Clause 14 - 14/20

<PAGE>

                                                         APPENDIX A TO CLAUSE 14

15.            GENERAL PROVISIONS

15.1           This Software Licence or part thereof shall not be assigned to a
               third party without the prior written consent of the other party
               except that the Licensor may assign this Licence to any of the
               Licensor's Members or Affiliates.

15.2           This Software Licence shall be governed by the laws of France.
               All disputes arising in connection with this Software Licence
               shall be submitted to the competent courts of Toulouse, France.

15.3           In the event that any provision of this Software Licence should
               for any reason be held ineffective, the remainder of this
               Software Licence shall remain in full force and effect. The
               invalid provision shall be replaced by such valid one as the
               parties would have chosen had they been aware of such invalidity.

15.4           All notices and requests required or authorized hereunder shall
               be given in writing either by registered mail (return receipt
               requested) or by telefax. In the case of any such notice or
               request being given by registered mail, the date upon which the
               answerback is recorded by the addressee or, in case of a telefax,
               the date upon which the answerback is recorded by the sender's
               telefax machine, shall be deemed to be the effective date of such
               notice or request

                                Clause 14 - 15/20

<PAGE>

                                                         APPENDIX B TO CLAUSE 14

                             APPENDIX B TO CLAUSE 14

                          AIRBUS|WORLD CUSTOMER PORTAL

                                   SECURE ZONE

                                 BASIC SERVICES

                                Clause 14 - 16/20

<PAGE>

                                                         APPENDIX B TO CLAUSE 14

1.             GENERAL SERVICES

1.1            GCS GENERAL INFORMATION

               Providing general information such as:

               -    Airbus Abbreviations Dictionary (AAD)

               -    Airbus Monitored Retrofit Campaign

               -    Engineering and Technical Services (Contact List)

               -    Events & Symposium

               -    On-line Services General Information

               -    Training Catalogues

               -    Monthly Service Report

               -    Tutorials

               -    Spares Information

               -    Fast Magazine

               -    Upgrade Services

1.2            FTP SITE

               This service provides access on an ad-hoc basis to specific
               documents or data that first need to be downloaded onto the
               user's local workstation for display and use, after prior
               arrangement with the corresponding Airbus technical counterpart.

1.3            "WHAT IS NEW" FACILITY AND E-MAIL NOTIFICATION

               The "What is New function" allows a user to be informed of new
               information put On-Line within a specific date range (default
               value is between user's last login and "now")

               This facility is applicable to following services:

               -    AIDA (Drawings)

               -    AOG RG

               -    CAWA

               -    ETDS

               -    General Information

               -    SPSA

               -    TPPO

               -    VIM

               As a complementary service to the "What is New facility", a
               subscription to e-mail notification is available for some mainly
               used documents.

               This function provides information of new data on-line, with
               direct access links, via e-mail, according to the user's
               subscription.

                                 Clause 14 - 17/20

<PAGE>

                                                         APPENDIX B TO CLAUSE 14

2.             TECHNICAL DATA

2.1            ETDS (ENGINEERING TECHNICAL DOCUMENTATION) SERVICE

               The service provides access via a document index to the contents
               of:

               -    Service Bulletins - all SB in PDF, but SB issued after July
                    1997 in PDF and SGML

               -    Technical Follow-Up (TFU) - all

               -    Modification Information Document (MID) - all

               -    All Operators Telex (AOT) - all

               -    Operators Information Telex (OIT) - all

               -    Flight Operations Telex (FOT) - all

               -    Service Information Letter (SIL) - all

               -    Consignes de Navigabilite (CN) - all

               -    Advisory Directives (AD) - all

               In addition, links between such documents are available through
               the service.

               Documents can be printed or downloaded, depending of their
               electronic format.

               SBs available in SGML format can be downloaded in SGML.

               Printing will be based on PDF format.

2.2            STDO (SUPPLIER TECHNICAL MANUALS) SERVICE

               The Supplier Technical Manuals service provides an on-line
               consultation of Suppliers' component maintenance manuals (CMMv)
               available in PDF.

               It allows access to Suppliers' CMMs that are effective for the
               Buyer's fleet.

               Through the application interface, users are able to:

               -    Search documents by Aircraft type, ATA references, document
                    type, Supplier code and Part number;

               -    Access, print and download via the PDF reader plug in
                    (Acrobat Reader) the available release of the Suppliers'
                    technical documentation.

                                Clause 14 - 18/20

<PAGE>

                                                         APPENDIX B TO CLAUSE 14

3.             SPARE PARTS AND REPAIR

3.1            ARG (AOG AND REPAIR GUIDE) SERVICE

               Access to vendor and repairs stations by P/N.

3.2            ASDS (AIRBUS SUPPORT DATA FOR SUPPLIER) SERVICE

               This service offers for all Airbus aircraft:

               -    Part number information such as price, lead-time,
                    manufacturer code, stock status and location

               -    Part number interchangeability

               -    Single purchase order status

               -    Useful information such as contact details, help function
                    and e-mail

               -    Internet parts ordering

               -    Information link to selected in-house forwarders

               -    Support guide and excess inventory list

3.3            VIM (VENDOR INFORMATION MANUAL) SERVICE

               The service offers:

               -    List of Airbus vendors with location, fax, phones, addresses
                    and contacts

               -    List of repairs stations

               -    List of equipment manufactured by the vendors

3.4            SPSA (SUPPLIER PRODUCT SUPPORT AGREEMENTS) SERVICE

               Information relative to agreements negotiated between Airbus and
               Aircraft Equipment Suppliers. DMC and MTBUR are available for the
               main Suppliers

3.5            SPARES SERVICES

               This service is already available in an autonomous mode through
               the Spares Portal (http://spares.airbus.com).

               The service offers for all AIRBUS aircraft:

               -    Part number information such as price, lead-time,
                    manufacturer code, stock status and location

               -    Part number interchangeability

               -    Single purchase order status

               -    Useful information such as contact details, help function
                    and e-mail

               -    Internet parts ordering

               -    Information link to selected in-house forwarders

               -    Support guide and excess inventory list

                                Clause 14 - 19/20

<PAGE>

                                                         APPENDIX B TO CLAUSE 14

4.             WARRANTY

4.1            CAWA (CONTRACTS AND WARRANTY ADMINISTRATION) SERVICE

               The Warranty Claim Service proposes four main functions:

               -    Warranty claims booking

               -    Consultation of the warranty claims status

               -    Consultation of statistics on response time regarding
                    closed/open files

               -    Consultation of warranty guide

5.             CUSTOMIZE & DELIVER

5.1            ACCL (A/C COMPARISON LIST) service

               Aircraft configuration comparison list, 6 months and 1 month
               before Delivery

5.2            CDIS (CUSTOMIZATION AND DELIVERY INFORMATION) SERVICES

               The following service provides access to:

               -    RFC (Request For Change)

               -    AIR (Aircraft Inspection Report)

               -    SCN (Specification change Notices)

               -    CCR (Customer Change Register)

               -    Concessions

                               Clause 14 - 20/20

<PAGE>

15             SELLER REPRESENTATIVES

15.1           CUSTOMER SUPPORT DIRECTOR

               The Seller shall assign one (1) customer support manager based at
               the Seller's main office to coordinate customer support matters
               between the Seller's main office and the Buyer after signature of
               this Agreement for as long as one (1) Aircraft is operated by the
               Buyer.

15.2           CUSTOMER SERVICES REPRESENTATIVES

15.2.1         The Seller shall provide free of charge the services of Seller
               customer services representatives ("SELLER'S REPRESENTATIVES")
               acting in an advisory capacity as defined in Appendix A of this
               Clause 15.

15.2.2         In the event of a need for non-routine technical assistance, the
               Buyer shall have non-exclusive access to the Seller's
               Representatives closest to the Buyer's main base after the end of
               the assignment of the Seller's Representatives referred to in
               Appendix A of this Clause 15. A list of the contacts for the
               Seller's Representatives closest to the Buyer's main base shall
               be provided to the Buyer.

15.2.3         The Seller shall cause similar services to be provided by
               competent representatives of the Engines Manufacturer and by
               Supplier representatives when reasonably necessary and
               applicable.

15.2.4         The Seller shall provide to the Buyer an annual written
               accounting of the consumed man-months and any remaining man-month
               balance. Such accounting shall be deemed as final and acceptable
               to the Buyer unless the Seller receives written objection from
               the Buyer within thirty (30) days of receipt of such accounting.

15.2.5         If requested by the Buyer, Seller Representative services
               exceeding the allocation specified in Appendix A of this Clause
               15 may be provided by the Seller subject to terms and conditions
               to be mutually agreed.

15.3           BUYER'S SERVICE

15.3.1         From the date of arrival of the first of the Seller's
               Representatives and for the duration of the assignment, the Buyer
               shall provide free of charge a suitable lockable office,
               conveniently located with respect to the Buyer's maintenance
               facilities, with complete office furniture and equipment
               including telephone and facsimile connections for the sole use of
               the Seller's Representatives.

               Should the Buyer already provide such facilities through another
               Purchase Agreement with the Seller, the above Buyer's service may
               not be provided if they do not appear necessary.

15.3.2         The Buyer shall reimburse the Seller the costs for the initial
               and termination assignment travel of the Seller's Representatives
               of one (1) confirmed ticket, Business Class, to and from their
               place of assignment and TOULOUSE, FRANCE.

15.3.3         The Buyer shall also provide at no charge to the Seller air
               transportation, confirmed reservations for the annual vacation of
               the persons mentioned in sub- Clause 15.2.1 above to and from
               their place of assignment and the airport on the

                                 Clause 15 - 1/3

<PAGE>

               Buyer's network nearest to TOULOUSE, FRANCE.

15.3.4         Should the Buyer request any of the Seller's Representatives
               referred to in Clause 15.2 above, to travel on business to a city
               other than his usual place of assignment, the Buyer shall be
               responsible for all related transportation costs and expenses.

15.3.5         The Buyer shall assist the Seller to obtain from the civil
               authorities of the Buyer's country those documents which are
               necessary to permit the Seller's Representatives to live and work
               in the Buyer's country. Failure of the Seller to obtain the
               necessary documents shall relieve the Seller of any obligation to
               the Buyer under the provisions of Clause 15.2.

15.4           WITHDRAWAL OF THE SELLER'S REPRESENTATIVES

               The Seller shall have the right to withdraw its assigned Seller
               Representatives as it sees fit if conditions arise which are in
               the Seller's opinion dangerous to their safety or health or
               prevent them from fulfilling their contractual tasks.

15.5           SELLER'S REPRESENTATIVES' STATUS

               In providing the above technical services, the Seller's
               Representatives and other employees are deemed to be acting in an
               advisory capacity only and at no time shall they be deemed to act
               as Buyer's employees or agents, either directly or indirectly.

15.6           INDEMNITIES

               INDEMNIFICATION PROVISIONS APPLICABLE TO THIS CLAUSE 15 ARE SET
               FORTH IN CLAUSE 19.

                                 Clause 15 - 2/3

<PAGE>

                                                         APPENDIX A TO CLAUSE 15

                        SELLER REPRESENTATIVE ALLOCATION

     The Seller Representative allocation that is provided to the Buyer pursuant
     to Clause 15.2 is defined hereunder.

1    The Buyer shall be provided a total of * man-months of Seller
     Representative services at the Buyer's main base or at other locations to
     be mutually agreed.

2    For clarification, such Seller Representatives' services shall include
     initial Aircraft Entry Into Service (EIS) assistance and sustaining support
     services.

3    The number of the Seller's Representatives assigned to the Buyer at any one
     time shall be mutually agreed, but at no time shall it exceed * men.

4    Absence of an assigned Seller's Representative during normal statutory
     vacation periods are covered by the Seller's Representatives as defined in
     Clause 15.2.2 and as such are accounted against the total allocation
     provided in item 1 above.

                                  Clause 15 - 3/3

<PAGE>

16             TRAINING AND TRAINING AIDS

16.1           GENERAL

               This Clause 16 covers the terms and conditions for the supply of
               training and training aids for the Buyer's personnel to support
               the Aircraft operation.

16.2           SCOPE

16.2.1         The range and quantity of training and training aids to be
               provided free of charge under this Agreement are covered in
               Appendix A to this Clause 16.

16.2.2.1       With respect to Maintenance Training, training courses shall be
               provided up to one (1) year after Delivery of the last firm
               Aircraft ordered under this Agreement.

16.2.2.2       With respect to Flight Operations Training, the quantity of
               training allocated to each Aircraft shall be provided up to one
               (1) year after Delivery of each corresponding Aircraft.

16.2.3         In the event that the Buyer should use none or only part of the
               training or training aids to be provided pursuant to this Clause
               16, no compensation or credit of any sort shall be provided.

16.3           TRAINING ORGANISATION / LOCATION

16.3.1         The Seller shall provide training at its training center in
               Blagnac, France, or in Hamburg, Germany (each the "SELLER'S
               TRAINING CENTER") or one of its affiliated training centers in
               Miami, U.S.A., or any other future Seller's training center in
               Europe or the Americas (the "AFFILIATED TRAINING CENTERS").

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

16.3.3.1       Upon the Buyer's request, the Seller may also provide certain
               training at a location other than the Seller's Training Centers
               or Affiliated Training Centers, including one of the Buyer's
               bases, if and when practicable for the Seller, under terms and
               conditions to be mutually agreed upon. In this event, all
               additional charges listed in Clause 16.6.2 shall be borne by the
               Buyer.

16.3.3.2       If the training as set forth in Clause 16.3.3.1 above is either
               an Airbus EASA - Part 147 (for maintenance training) or a Type
               Rating Training Organisation (TRTO) (for flight operation
               training) approved course, the Buyer shall provide access to its
               training facilities to the Seller's and the relevant Aviation
               Authorities' representatives for the necessary approval of such
               facilities for the training.

                                 Clause 16 - 1/21

<PAGE>

16.4           TRAINING COURSES

16.4.1         Training courses, as well as the minimum and maximum numbers of
               trainees per course provided for the Buyer's personnel, are
               defined in the applicable brochure describing the various
               Seller's training courses (the "SELLER'S TRAINING COURSE
               CATALOG") and shall be scheduled as mutually agreed upon during a
               training conference ("the TRAINING CONFERENCE") to be held
               between nine (9) and twelve (12) months prior to Delivery of the
               first Aircraft.

16.4.2         When training is performed by the Seller:

               (i)  Training courses shall be the Seller's standard courses as
                    described in the applicable Seller's Training Course Catalog
                    valid at the time of the execution of the course. The Seller
                    shall be responsible for all training course syllabi,
                    training aids and training equipment necessary for the
                    organisation of the training courses; however, for the
                    purpose of performing training, training equipment does not
                    include aircraft;

               (ii) The equipment used for training of flight and maintenance
                    personnel shall not be fully customised, however such
                    equipment and the training curricula used for training of
                    flight and/or maintenance personnel shall be configured in
                    order to obtain the relevant Aviation Authorities' approval
                    and to support the Seller's training programs. Training data
                    and documentation shall not be revised;

               (iii) Training data and documentation for trainees receiving the
                    training at the Seller's Training Centers or Affiliated
                    Training Centers shall be free-of-charge. Training data and
                    documentation shall be marked "FOR TRAINING ONLY" and as
                    such are supplied for the sole and express purpose of
                    training;

               (iv) Upon the Buyer's request, the Seller shall collect and pack
                    for consolidated shipment to the Buyer's facility, all
                    training data and documentation of the Buyer's trainees
                    attending training at the Seller's Training Centers or
                    Affiliated Training Centers at no charge to the Buyer;

                    The above shipment shall be delivered Free Carrier ("FCA")
                    to the airport closest to the location at which the training
                    actually takes place, as the term Free Carrier ("FCA") is
                    defined by publication No 560 of the International
                    Chamber of Commerce published in January 2000. Title to and
                    risk of loss of said shipment shall pass to the Buyer upon
                    delivery.

16.4.3         When the Seller's training courses are provided by the Seller's
               instructors, the Seller shall deliver a Certificate of
               Recognition, a Certificate of Course Completion or an
               Attestation, as applicable, at the end of any such training
               course. Any such certificate shall not represent authority or
               qualification by any Aviation Authorities but may be presented to
               such Aviation Authorities in order to obtain relevant formal
               qualification.

               In the event of the training courses being provided by a training
               provider selected by the Seller, the Seller shall cause such
               training provider to deliver a Certificate of Recognition, a
               Certificate of Course Completion or an Attestation, as
               applicable, at the end of any such training course. Any such
               certificate shall not represent

                                Clause 16 - 2/21

<PAGE>

               authority or qualification by any Aviation Authorities but may be
               presented to such Aviation Authorities in order to obtain
               relevant formal qualification.

16.4.4         In the event of the Buyer deciding to cancel or re-schedule a
               training course, if the cancellation is notified * days prior
               to the training, a cancellation charge of * of Airbus Customer
               Services Catalogue price shall be applied.

16.5           PREREQUISITES AND CONDITIONS

16.5.1         Training shall be conducted in English and all training aids are
               written in English using common aeronautical terminology.
               Trainees shall have the prerequisite knowledge and experience
               defined in Appendix "B" to this Clause 16.

               The Buyer hereby acknowledges that the Seller's training courses
               are "Standard Transition Training Courses" and not "Ab Initio
               Training Courses".

               The Buyer shall be responsible for the selection of the trainees
               and for any liability with respect to the entry knowledge level
               of the trainees.

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

16.5.2.2       The Buyer shall further return to the Seller the "Airbus
               Pre-Training Survey" or the "Maintenance Training Survey", as
               applicable, detailing the trainees' associated background at the
               latest two (2) months before the start of the training course.

16.5.2.3       In the event of the Buyer having to make a change to the trainees
               attendance list within * the Buyer shall immediately inform the
               Seller thereof and send to the Seller an updated Airbus
               Pre-Training Survey or Maintenance Training Survey reflecting
               such change.

16.5.3         Upon the Buyer's request, the Seller may be consulted to direct
               the above mentioned trainee(s) through a relevant entry level
               training program, which shall be at the Buyer's charge, and, if
               necessary, to coordinate with competent outside organisations for
               this purpose. Such consultation shall be held during the Training
               Conference.

               In the event of the Seller determining that a trainee lacks the
               required entry level, following consultation with the Buyer, such
               trainee shall be withdrawn from the program.

                                 Clause 16 - 3/21

<PAGE>

16.6           LOGISTICS

16.6.1         TRAINEES

16.6.1.1       The Seller shall provide *: for local transportation to the
               Seller's Training Centers or Affiliated Training Centers.

16.6.1.2       The Seller shall provide * for local transportation to the
               Seller's Training Centers or Affiliated Training Centers.

16.6.1.2       Living and travel expenses for the Buyer's trainees shall be
               borne by the Buyer.

16.6.2         TRAINING AT EXTERNAL LOCATION - SELLER'S INSTRUCTORS

               In the event of training being provided at an external location
               specifically at the Seller's request, the conditions relative to
               expenses shall be the same as those which would have been
               applicable if the training had been provided at the Seller's
               Training Centers or Affiliated Training Centers.

               In the event of training being provided by the Seller's
               instructors at any location other than the Seller's Training
               Centers or Affiliated Training Centers at the Buyer's request or
               as otherwise detailed in this Clause 16, the Buyer shall
               reimburse the Seller for all the expenses directly related to the
               assignment of such instructors and their performance of the
               duties as aforesaid.

16.6.2.1       LIVING EXPENSES

               Such expenses, covering the entire period from day of departure
               from to day of return to the Seller's base, shall include but
               shall not be limited to lodging, food and local transportation to
               and from the place of lodging and the training course location.
               The Buyer shall reimburse the Seller for such expenses at the per
               diem rate currently used by the Seller for its personnel.

16.6.2.2       AIR TRAVEL

               The Buyer shall * reimburse the Seller the costs for the Seller's
               instructors in confirmed business class to and from the Buyer's
               designated training site and the Seller's Training Centers or
               Affiliated Training Center, as applicable.

16.6.2.3       TRAINING MATERIAL

               The Buyer shall reimburse the Seller the cost of shipment for the
               training material needed to conduct such courses.

16.6.2.4       TRANSPORTATION

               The Buyer shall be solely liable for any and all delay in the
               performance of the training outside of the Seller's or the
               Seller's Affiliated Training Centers associated with any
               transportation described in this Clause 16.6.

                                Clause 16 - 4/21

<PAGE>

16.6.3         TRAINING EQUIPMENT AVAILABILITY - TRAINING AT EXTERNAL LOCATION.

               Training equipment necessary for course performance at any course
               location other than the Seller's Training Centers or Affiliated
               Training Centers or the facilities of the training provider
               selected by the Seller shall be provided by the Buyer in
               accordance with the Seller's specifications.

16.7           FLIGHT OPERATIONS TRAINING

16.7.1         FLIGHT CREW TRAINING COURSE

16.7.1.1       The Seller shall perform a flight crew training course program
               (standard transition course or a cross crew qualification program
               as applicable) for the Buyer's flight crews, each of which shall
               consist of * captain and * first officer, as defined in Appendix
               A to this Clause 16. The training manual used shall be the
               Seller's Flight Crew Operating Manual (FCOM), except for base
               Flight training, for which the Buyer's customized FCOM shall be
               used.

16.7.1.2       Base Flight Training

16.7.1.2.1     The Buyer shall use its delivered Aircraft, or any other aircraft
               operated by the Buyer, for any base flight training, which shall
               not exceed * session of * minutes per pilot, according to the
               related Airbus training course definition.

16.7.1.2.2     In the event of it being necessary to ferry the Buyer's delivered
               Aircraft to the location where the base flight training shall
               take place, the additional flight time required for the ferry
               flight to and/or from the base training field shall not be
               deducted from the base flight training allowance.

               However, if the base flight training is performed outside of the
               zone where the Seller usually performs such training, the ferry
               flight to the location where the base flight training shall take
               place shall be performed by a crew composed of the Seller's
               and/or the Buyer's qualified pilots, in accordance with the
               Aviation Authorities' regulations related to the place of
               performance of the base flight training.

16.7.2         FLIGHT CREW LINE INITIAL OPERATING EXPERIENCE

16.7.2.1       To assist the Buyer with initial operating experience after
               Delivery of the first Aircraft, the Seller shall provide to the
               Buyer pilot instructor(s) as defined in Appendix A to this Clause
               16.

16.7.2.2       The Buyer shall reimburse the expenses for each such instructor
               in accordance with Clause 16.6.2. Additional pilot instructors
               can be provided at the Buyer's expense and upon conditions to be
               mutually agreed upon.

16.7.3         INSTRUCTOR CABIN ATTENDANTS' FAMILIARIZATION COURSE

               The Seller shall provide instructor cabin attendants' course(s)
               to the Buyer's cabin attendants, as defined in Appendix A to this
               Clause 16, at one of the locations defined in Clause 16.3.1.

               The instructor cabin attendants' course, when incorporating the
               features of the

                                Clause 16 - 5/21

<PAGE>

               Buyer's Aircraft, can be given at the earliest * before the
               Delivery date of the Buyer's first Aircraft.

16.7.4         PERFORMANCE/OPERATIONS COURSE

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

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

16.7.5         TRANSITION TYPE RATING INSTRUCTOR (TRI) COURSE

               The Seller shall provide transition type rating instructor (TRI)
               training for the Buyer's flight crew instructors as defined in
               Appendix A to this Clause 16.

               This course provides the Buyer's instructors with the training in
               flight instruction and synthetic instruction required to instruct
               on Airbus aircraft.

16.7.6         During any and all flights performed in accordance with this
               Clause 16.7, the Buyer shall bear full responsibility for the
               aircraft upon which the flight is performed, including but not
               limited to any required maintenance, all expenses such as fuel,
               oil or landing fees and the provision of insurance in line with
               Clause 16.12.

16.8           MAINTENANCE TRAINING

               The Seller shall provide maintenance training for the Buyer's
               ground personnel as defined in Appendix A to this Clause 16.

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

               The Buyer shall provide the Seller with an attendance list of
               trainees at the latest one (1) month before the start of the
               training course.

               The practical training provided in the frame of maintenance
               training is performed exclusively on the training devices in use
               in the Seller's Training Centers or Affiliated Training Centers.

               In the event of practical training on aircraft being requested by
               the Buyer, such practical training can be organized with the
               assistance of the Seller, in accordance with Clause 16.8.1
               hereunder.

16.8.1         PRACTICAL TRAINING ON AIRCRAFT

               IF the practical training does not need to be covered by an EASA
               - Part 147 (or equivalent) certificate, the Seller may assist the
               Buyer in organizing such practical training on aircraft, at the
               Buyer's expense.

               In the event of the Buyer requiring a full EASA - Part 147
               certificate from the Seller, the practical training on aircraft
               shall be conducted by the Seller, at the Buyer's expense, in a
               EASA - Part 145 facility approved and selected by the Seller.

               In the event of the Buyer requiring such practical training to be
               conducted at the Buyer's EASA - Part 145 (or equivalent) approved
               facilities, such training shall be subject to prior approval by
               the Seller of the facilities at which the training is to be

                                Clause 16 - 6/21

<PAGE>

               conducted.

               The provision of an instructor by the Seller for the practical
               training shall be deducted from the trainee days allowance
               defined in Appendix A to this Clause 16, subject to the
               conditions detailed in Paragraph 3.2 thereof.

               The Buyer shall reimburse the expenses for said instructor(s) in
               accordance with Clause 16.6.2.

16.8.2         LINE MAINTENANCE INITIAL OPERATING EXPERIENCE TRAINING

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

16.8.2.1       This line maintenance training shall cover training in handling
               and servicing of Aircraft, flight crew / maintenance
               coordination, use of Technical Data and any other activities that
               may be deemed necessary after Delivery of the first Aircraft.

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

16.9           SUPPLIER AND PROPULSION SYSTEM MANUFACTURER TRAINING

                                        *

               Upon the Buyer's request, the Seller shall provide to the Buyer
               the list of the maintenance and overhaul training courses (the
               "Supplier Training Catalog") provided by major Suppliers and the
               applicable Engines Manufacturer on their products.

16.10          TRAINING AIDS FOR THE BUYER'S TRAINING ORGANISATION

16.10.1        The Seller shall provide to the Buyer training aids, including
               the AIRBUS COMPUTER BASED TRAINING (AIRBUS CBT), as used in the
               Seller's Training Centers, and the VIRTUAL AIRCRAFT (WALK AROUND
               AND COMPONENT LOCATION), free of charge as defined in Appendix A
               to this Clause 16.

               The Airbus CBT and training aids supplied to the Buyer shall be
               similar to those used in the Seller's Training Centers for the
               training provided for the Buyer. The Airbus CBT and Virtual
               Aircraft in use at the Seller's Training Centers are revised on a
               regular basis and such revision shall be provided to the Buyer
               during the period when training courses provided under Appendix A
               of this Clause 16 are performed for the Buyer or up to * after
               delivery of the Airbus CBT or the Virtual Aircraft to the Buyer
               under this Agreement, whichever first occurs.

16.10.2        DELIVERY

16.10.2.1      The Seller shall deliver to the Buyer the Airbus CBT and training
               aids, as defined in Appendix A to this Clause 16, at a date to be
               mutually agreed during the Training

                                Clause 16 - 7/21

<PAGE>

               Conference.

16.10.2.2      The items supplied to the Buyer pursuant to Clause 16.10.1 shall
               be delivered FCA Toulouse, Blagnac Airport. Title to and risk of
               loss of said items shall pass to the Buyer upon delivery.

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

16.10.3        INSTALLATION OF THE AIRBUS CBT

16.10.3.1.1    Before the initial delivery of the Airbus CBT, as defined in
               Appendix A hereto, the Seller shall provide to up to * trainees
               of the Buyer, at the Buyer's facilities, the Airbus CBT
               Administrator Course, as defined in Appendix C hereto.

               To conduct the course, the workstations and/or "Servers", as
               applicable, shall be ready for use and shall comply with the
               latest "Airbus CBT Workstation Technical Specification" or
               "Airbus CBT Server Technical Specification", as applicable
               (collectively "the Airbus CBT Technical Specification").

16.10.3.1.2    The Airbus CBT shall be installed by the Buyer's personnel, who
               shall have followed the Airbus CBT Administrator Course. The
               Seller shall be held harmless from any injury to person and/or
               damage to property caused by or in any way connected with the
               handling and/or installation of the Airbus CBT by the Buyer's
               personnel.

16.10.3.2      Upon the Buyer's request and subject to conditions to be quoted
               by the Seller, the Seller may assist the Buyer with the initial
               installation of the Airbus CBT at the Buyer's facilities. Such
               assistance shall follow notification in writing that the various
               components, which shall be in accordance with the specifications
               defined in the Airbus CBT Technical Specification, are ready for
               installation and available at the Buyer's facilities.

16.10.3.3      The Buyer shall reimburse the expenses in accordance with Clause
               16.6.2, for the Seller's personnel required at the Buyer's
               facilities to conduct the Airbus CBT Administrator Course and/or
               provide installation assistance.

16.10.4        LICENCES

16.10.4.1      AIRBUS CBT LICENSE

16.10.4.1.1    The Seller shall grant the Buyer a Licence to use the Airbus CBT,
               under conditions defined in Appendix C to this Clause 16.

16.10.4.1.2    Supply of sets of CBT Courseware, as defined in Appendix C, and
               additional to those indicated in Appendix A, as well as any
               extension to the Licence of such CBT Courseware, shall be subject
               to terms and conditions to be mutually agreed.

16.10.4.2      VIRTUAL AIRCRAFT LICENSE

16.10.4.2.1    The Seller shall grant the Buyer a Licence to use the Virtual
               Aircraft, under conditions defined in Appendix C to this Clause
               16. For the purpose of such Licence, the term "Airbus CBT" as
               used in such License shall mean the "Virtual

                                 Clause 16 - 8/21

<PAGE>

               Aircraft".

16.10.4.2.2    Supply of sets of Virtual Aircraft Software, as defined in
               Appendix C, and additional to those indicated in Appendix A, as
               well as any extension to the Licence of such Virtual Aircraft
               Software, shall be subject to terms arid conditions to be
               mutually agreed.

16.10.5        The Seller shall not be responsible for and hereby disclaims any
               and all liabilities resulting from or in connection with the use
               by the Buyer of the Airbus CBT, the Virtual Aircraft and any
               other training aids provided under this Clause 16.10.

16.11          PROPRIETARY RIGHTS

               The Seller's training data and documentation, Airbus CBT, Virtual
               Aircraft and training aids are proprietary to the Seller and/or
               its Affiliates and/or its suppliers and the Buyer agrees not to
               disclose the content of the courseware or any information or
               documentation provided by the Seller in relation to training, in
               whole or in part, to any third party without the prior written
               consent of the Seller.

16.12          INDEMNITIES AND INSURANCE

               INDEMNIFICATION PROVISIONS AND INSURANCE REQUIREMENTS APPLICABLE
               TO THIS CLAUSE 16 ARE AS SET FORTH IN CLAUSE 19.

               THE BUYER WILL PROVIDE THE SELLER WITH AN ADEQUATE INSURANCE
               CERTIFICATE PRIOR TO ANY TRAINING ON AIRCRAFT.

                                Clause 16 - 9/21

<PAGE>

                                                         APPENDIX A TO CLAUSE 16

                            APPENDIX "A" TO CLAUSE 16

                               TRAINING ALLOWANCE

For the avoidance of doubt, all quantities indicated below are the total
quantities granted for the whole of the Buyer's fleet of ten (10) Aircraft,
unless otherwise specified.

1.             FLIGHT OPERATIONS TRAINING

1.1            FLIGHT CREW TRAINING (STANDARD TRANSITION COURSE OR CROSS CREW
               QUALIFICATION (CCQ) AS APPLICABLE)

               The Seller shall provide flight crew training (standard
               transition course or CCQ as applicable) free of charge for * of
               the Buyer's flight crews per firmly ordered Aircraft,

                                        *

1.2            FLIGHT CREW LINE INITIAL OPERATING EXPERIENCE

               The Seller shall provide to the Buyer pilot instructor(s) free of
               charge for a period of * pilot instructor months.

1.2.1          The maximum number of pilot instructors present at any one time
               shall be limited to * pilot instructors.

1.3            INSTRUCTOR CABIN ATTENDANTS' FAMILIARIZATION COURSE

               The Seller shall provide to the Buyer instructor cabin
               attendants' training free of charge for * of the Buyer's
               instructor cabin attendants.

1.4            PERFORMANCE / OPERATIONS COURSE(S)

1.4.1          The Seller shall provide to the Buyer * trainee days of
               performance / operations training free of charge for the Buyer's
               personnel.

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

1.5            TRANSITION TYPE RATING INSTRUCTOR (TRI) COURSE

               The Seller shall provide to the Buyer transition type rating
               instructor training (transition or CCQ, as applicable) free of
               charge for * of the Buyer's flight instructors.

                                 Clause 16 - 10/21

<PAGE>

                                                         APPENDIX A TO CLAUSE 16

2              MAINTENANCE TRAINING

2.1            MAINTENANCE TRAINING COURSES

2.1.1          The Seller shall provide to the Buyer * trainee days of
               maintenance training free of charge for the Buyer's personnel.

2.1.2          The above trainee days shall be used solely for the Maintenance
               training courses as defined in the Seller's applicable Training
               Courses Catalog.

2.1.3          Within the trainee days allowance in Paragraph 2.1.1 above, the
               number of Engine Run-up courses shall be limited to one (1)
               course for * trainees per firmly ordered Aircraft and to a
               maximum of * courses in total.

2.2            LINE MAINTENANCE INITIAL OPERATING EXPERIENCE TRAINING

               The Seller shall provide to the Buyer * maintenance instructor(s)
               at the Buyer's base free of charge for * period(s) of * week(s)
               each, up to the "A" check.

3              TRAINEE DAYS ACCOUNTING

               Trainee days are counted as follows:

3.1            For instruction at the Seller's Training Centers or Affiliated
               Training Centers: one (1) day of instruction for one (1) trainee
               equals one (1) trainee day. The number of trainees originally
               registered at the beginning of the course shall be counted as the
               number of trainees to have taken the course.

3.2            For instruction outside of the Seller's Training Centers or
               Affiliated Training Centers: one (1) day of instruction by one
               (1) Seller instructor equals the actual number of trainees
               attending the course or a minimum of twelve (12) trainee days.

3.3            For practical training, one (1) day of instruction by one (1)
               Seller instructor equals the actual number of trainees attending
               the course or a minimum of six (6) trainee days.

3.4            In the event of training being provided outside of the Seller's
               Training Centers or Affiliated Training Centers specifically at
               the Seller's request, Paragraph 3.1 hereabove shall be applicable
               to the trainee days accounting for such training.

                                 Clause 16 - 11/21

<PAGE>

                                                         APPENDIX A TO CLAUSE 16

4              TRAINING AIDS FOR BUYER'S TRAINING ORGANISATION

               The Seller shall provide to the Buyer free of charge:

               -    * Airbus CBT (flight and/or maintenance) related to the
                    Aircraft type(s) as covered by this Agreement (including *
                    of CBT Courseware and * of CBT Software for flight and * of
                    CBT Courseware and * of CBT Software for maintenance, as
                    applicable). The detailed description of the Airbus CBT
                    shall be provided to the Buyer at the Training Conference;

               -    * Virtual Aircraft (Walk around and Component Location)
                    related to the aircraft type (s) as covered in this
                    Agreement.

               -    * of training documentation on CD-ROM;

               -    * CD-ROM of cockpit panels for training.

                                Clause 16 - 12/21

<PAGE>

                                                         APPENDIX B TO CLAUSE 16

                            APPENDIX "B" TO CLAUSE 16

                        MINIMUM RECOMMENDED QUALIFICATION

                      IN RELATION TO TRAINING REQUIREMENTS

The prerequisites listed below are the minimum recommended requirements
specified for Airbus training. If the appropriate Aviation Authorities or the
specific airline policy of the trainee demand greater or additional
requirements, they shall apply as prerequisites.

FLIGHT CREW STANDARD TRANSITION COURSES

     CAPTAIN PREREQUISITES:

     -    Previously qualified on JAR/FAR/CS 25 aircraft and commercial
          operations

     -    Valid and Current Airline Transport Pilot License (ATPLY)

     -    Previous command experience

     -    Fluency in English (able to write, read and communicate at an
          adequately understandable level in English language)

     -    Jet experience

     -    Flight time:

          -    1,500 hours as pilot

          -    1,000 hours on JAR/FAR/CS 25 aircraft

          -    200 hours experience as airline, corporate or military transport
               pilot

     FIRST OFFICER PREREQUISITES:

     -    Previously qualified on JAR/FAR/CS 25 aircraft and commercial
          operations

     -    Aircraft and commercial operations valid and current CPL (Commercial
          pilot license) with Instrument rating,

     -    Fluency in English (able to write, read and communicate at an
          adequately understandable level in English language)

     -    Jet experience

     -    Flight time:

          -    500 hours as pilot

          -    300 hours on JAR/FAR/CS 25 aircraft

          -    200 hours experience as airline, corporate or military transport
               pilot

If the Trainee does not speak English or is not fluent enough to follow the
Standard Transition course, he shall follow the Adapted language transition and
provide a translator as indicated by the Seller.

If no Jet experience, both CAPTAIN and/or FIRST OFFICER must follow before
entering the transition course, a dedicated "Jet Familiarization entry level
course". Such course(s), if required, shall be at the Buyer's expense.

                                Clause 16 - 13/21

<PAGE>

                                                         APPENDIX B TO CLAUSE 16

FIRST TYPE RATING COURSE

This course is designed for Ab initio pilots who do not hold an aircraft type
rating on their pilot license

     PILOT PREREQUISITES

     -    Valid and current CPL (commercial pilot license)

     -    Valid and current Instrument Rating on multi engine aircraft

     -    APTLY written examination

     -    Fluency in English (able to write, read and communicate at an
          adequately understandable level in English language)

     -    Flight experience:

          -    220 hours as pilot

          -    100 hours as pilot in command (PIC)

          -    25 hours on multi engine aircraft (up to 10 hours can be
               completed in a simulator)

In addition to the above conditions and in accordance to the JAR Flight Crew
Licensing (FCL) and the Airbus Training Policy, a pilot applying for a first
type rating must have followed either an approved JAR Multi Crew Cooperation
(MCC) program or regulatory equivalent or the "Airbus Entry Level Training (ELT)
program" (combined MCC and Jet familiarization course). Such course, if
required, shall be at the Buyer's expense.

CCQ ADDITIONAL PREREQUISITES

In addition to the prerequisites set forth for the Flight Crew Standard
Transition Course, both CAPTAIN and FIRST OFFICER must:

     -    be qualified and current on the base aircraft type

     -    have 150 hours minimum and 3 months minimum of operations on the base
          aircraft type.

TRI COURSE ADDITIONAL PREREQUISITES

In addition to the prerequisites set forth for the Right Crew Standard
Transition Course, it is the responsibility of the Buyer to:

     -    select instructor candidate(s) with airmanship and behaviour
          corresponding to the role and responsibility of an airline instructor

     -    designate instructor candidate(s) with the Airbus prerequisite, which
          corresponds to the JAR requirements (ref JAR - FCL 1 - Requirements/
          Subparts H - Instructor rating (Aeroplane)

                                Clause 16 - 14/21

<PAGE>

                                                         APPENDIX B TO CLAUSE 16

PERFORMANCE AND OPERATIONS PERSONNEL PREREQUISITES

The Buyer's performance and operations personnel shall be fluent in English
(able to write, read and communicate at an adequately understandable level in
English language).

All further detailed prerequisites shall be provided by the Seller to the Buyer
during the Training Conference, depending on the type of training course(s)
selected by the Buyer.

MAINTENANCE PERSONNEL PREREQUISITES

-    Fluency in English (understanding of English (able to write, read and
     communicate at an adequately understandable level in English language)
     adequate to be able to follow the training (If this is not the case, the
     Buyer shall assign a minimum of one (1) translator for eight (8) trainees).

-    Technical experience in the line or/and base maintenance activity of
     commercial jet aircraft

Additional prerequisites for Aircraft Rigging Course

Qualification as line or line and base mechanic on one type of Airbus aircraft
family

Additional prerequisites for Maintenance Initial Operating Experience

Qualification as line or line and base mechanic on the concerned Airbus aircraft
type (for Course)

MAINTENANCE TRAINING DIFFERENCE COURSES ADDITIONAL PREREQUISITES

In addition to the prerequisites set forth for Maintenance Personnel, the
personnel shall be current and operating on the base aircraft

                                Clause 16 - 15/21

<PAGE>

                             APPENDIX C TO CLAUSE 16

                LICENCE FOR USE OF AIRBUS COMPUTER BASED TRAINING

                                CLAUSE 16 - 16/21

<PAGE>

                                                         APPENDIX C TO CLAUSE 16

         LICENCE FOR USE OF AIRBUS COMPUTER BASED TRAINTNG (AIRBUS CBT)

1              DEFINITIONS

1.1            For the purpose of this Appendix C to Clause 16, the following
               definitions shall apply:

1.1.1          "AIRBUS CBT means the combination of the Airbus CBT Software and
               the Airbus CBT Courseware.

1.1.2          "AIRBUS CBT COURSEWARE" means the programmed instructions that
               provide flight crew and maintenance training.

1.1.3          "AIRBUS CBT SOFTWARE" means the system software that permits the
               use of the Airbus CBT Courseware.

1.1.4          "STUDENT / INSTRUCTOR MODE" means the mode that allows the Buyer
               to run the Airbus CBT Courseware.

1.1.5          "AIRBUS CBT ADMINISTRATOR COURSE" means the training enabling the
               Buyer to load and use the Airbus CBT either on stand-alone
               workstations or in a Server mode.

1.1.6          "NETWORK" means the group of the Buyer's computers connected to
               each other through cables and allowing the transmission of data
               and instructions, which can be used by all of the Buyer's
               computers so linked.

1.1.7          "SERVER" means the computer dedicated to the administration of a
               Network and on which the Airbus CBT is installed and can be
               reached through the Network.

1.1.8          "TECHNICAL SPECIFICATION" means either the "Airbus CBT
               Workstation Technical Specification" or the "Airbus CBT Server
               Technical Specification", as applicable.

1.1.9          "INTRANET" means the Buyer's private and local Network using the
               same technical protocols as internet but which is not open to
               public connection.

1.1.10         "EXTRANET" means the network constituted of an external Intranet,
               allowing communication between the Buyer and certain defined
               external entities.

1.1.11         "USER GUIDE" means the documentation, which may be in electronic
               format, designed to assist the Buyer to use the Airbus CBT.

1.2            Capitalised terms used herein and not otherwise defined in this
               Airbus CBT Licence shall have the meaning assigned thereto in the
               Agreement.

1.3            Any and all hardware required for the operation of the Airbus CBT
               is not part of the Airbus CBT and shall be procured under the
               sole responsibility of the Buyer. The Seller shall not be
               responsible for any incompatibility of such hardware with the
               Airbus CBT.

2              GRANT

                                Clause 16 - 17/21

<PAGE>

                                                         APPENDIX C TO CLAUSE 16

               The Seller grants the Buyer the right, pursuant to the terms and
               conditions herein, to use the Airbus CBT for the Term of this
               licence ("AIRBUS CBT LICENCE").

3              COPIES

               Use of the Airbus CBT is limited to the number of copies
               delivered by the Seller to the Buyer and to the medium on which
               the Airbus CBT is delivered. No reproduction shall be made
               without the prior written consent of the Seller. Notwithstanding
               the above, specific rights as detailed hereafter shall be granted
               for respectively the Airbus CBT Software and the Airbus CBT
               Courseware.

3.1            AIRBUS CBT SOFTWARE

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

3.2            AIRBUS CBT COURSEWARE

               The Buyer shall be permitted to copy the Airbus CBT Courseware
               for the sole purpose of internal training of the Buyer's
               personnel, explicitly such copies shall be used by the Buyer's
               employees only on their laptops for training purposes.

               In such cases, the Buyer shall advise the Seller in writing of
               the number of copies made and shall cause its employees to
               strictly comply with the conditions of use and the
               confidentiality provisions of this Airbus CBT Licence. In
               particular, the Buyer's employees shall agree to use such copy
               for training purposes only and to make no additional copy. The
               Buyer shall further ensure that any copy provided to an employee
               is returned to the Buyer either upon request by the Buyer or upon
               termination of the employment of the employee. Any other copy for
               any other purpose is strictly prohibited.

3.3            Any copy made by the Buyer shall be performed under the sole
               responsibility of the Buyer The Buyer agrees to reproduce the
               copyright and other notices as they appear on or within the
               original media on any copies that the Buyer makes of the Airbus
               CBT Software or the Airbus CBT Courseware. The Seller shall not
               provide revision service for any copies made.

4              TERM

               The rights under this Airbus CBT Licence shall be granted to the
               Buyer for as long as the Buyer operates the Seller's Aircraft
               model to which the Airbus CBT Software and the Airbus CBT
               Courseware apply ("the Term"). At the end of the Term, the Buyer
               shall return the Airbus CBT and any copies thereof to the Seller,
               accompanied by a note certifying that the Buyer has returned all
               existing copies.

                                Clause 16 - 18/21

<PAGE>

                                                         APPENDIX C TO CLAUSE 16

5              PERSONAL ON-SITE LICENCE

               The sole right granted to the Buyer under this Airbus CBT Licence
               is the right to use the Airbus CBT. The Airbus CBT Licence is
               personal to the Buyer, for its own internal use, and is
               non-transferable and non-exclusive.

6              CONDITIONS OF USE

6.1            The Buyer shall:

               -    * maintain the Airbus CBT and the relating documentation in
                    good working condition, in order to ensure the correct
                    operation thereof;

               -    use the Airbus CBT in accordance with such documentation and
                    the User Guide, and ensure that the staff using the Airbus
                    CBT have received the appropriate training;

               -    use the Airbus CBT exclusively in the technical environment
                    defined in the Technical Specification, except as otherwise
                    agreed in writing between the parties;

               -    use the Airbus CBT for its own internal needs and on its
                    Network (except if the Seller has consented to other
                    usages), when technically possible, only and exclusively on
                    the machine referenced and the site declared;

               -    not transmit the Airbus CBT electronically by any means, nor
                    use the Airbus CBT on either the internet. Intranet or
                    Extranet;

               -    not alter, reverse engineer, modify or adapt the Airbus CBT,
                    or integrate all or part of the Airbus CBT in any manner
                    whatsoever into another software product;

               -    not correct the Airbus CBT, except that such correction
                    right may exceptionally be granted to the Buyer by the
                    Seller in writing;

               -    not translate, disassemble or decompile the Airbus CBT
                    Software or create a software product derived from the
                    Airbus CBT Software;

               -    not attempt to or authorise a third party to discover or
                    re-write the Airbus CBT source codes in any manner
                    whatsoever;

               -    not delete any identification or declaration relative to the
                    intellectual property rights, trademarks or any other
                    information related to ownership or intellectual property
                    rights provided in the Airbus CBT by the Seller;

               -    not pledge, sell, distribute, grant, sub-license, lease,
                    lend, whether on a free-of-charge basis or against payment,
                    or permit access on a time-sharing basis or any other
                    utilisation of the Airbus CBT, whether in whole or in part,
                    for the benefit of a third party;

               -    not permit any third party to use the Airbus CBT in any
                    manner, including but not limited to, any outsourcing, loan,
                    commercialisation of the Airbus CBT or commercialisation by
                    merging the Airbus CBT into another software or adapting the
                    Airbus CBT, without prior written consent from the Seller.

               The Seller shall be entitled, *, subject to providing reasonable
               prior written notice thereof to the Buyer and provided the same
               will not interfere with the Buyer's commercial operations, to
               come and verify in the Buyer's facilities whether the conditions
               specified in this Airbus CBT License are respected. This shall
               not however commit the responsibility of the Seller in any way
               whatsoever.

                                Clause 16 - 19/21

<PAGE>

                                                         APPENDIX C TO CLAUSE 16

6.2            USE OF THE AIRBUS CBT SOFTWARE

               Notwithstanding Clause 6.1 above, the Buyer shall use the Airbus
               CBT Software for the exclusive purpose of, for the student
               delivery mode:

               (i)  rostering students for one or several courses syllabi in
                    order to follow students' progression,

               (ii) rearranging courses syllabi or creating new ones using
                    available courseware modules.

               However, the Seller disclaims any responsibility regarding any
               course(s) that may be modified or rearranged by the Buyer.

6.3            USE OF THE AIRBUS CBT COURSEWARE

               Notwithstanding Clause 5 above, the Buyer shall use the Airbus
               CBT Courseware for the exclusive purpose of performing training
               of its personnel, or of third party personnel contracted to
               perform maintenance work on the Buyer's Aircraft on behalf of the
               Buyer. Such training shall be performed exclusively at the
               Buyer's facility.

7              PROPRIETARY RIGHTS AND NON DISCLOSURE

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

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

8              WARRANTY

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

                                Clause 16 - 20/21

<PAGE>

                                                         APPENDIX C TO CLAUSE 16

8.2            THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND/OR
               ITS SUPPLIERS AND REMEDIES OF THE BUYER SET FORTH IN THE AIRBUS
               CBT LICENCE ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE BUYER
               HEREBY WAIVES, RELEASES AND RENOUNCES ALL OTHER WARRANTIES,
               OBLIGATIONS AND LIABILITIES OF THE SELLER AND/OR ITS SUPPLIERS
               AND RIGHTS, CLAIMS AND REMEDIES OF THE BUYER AGAINST THE SELLER,
               ITS SUPPLIERS AND/OR THEIR INSURERS, EXPRESS OR IMPLIED, ARISING
               BY LAW OR OTHERWISE WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT
               IN THE AIRBUS CBT DELIVERED UNDER THIS AGREEMENT INCLUDING BUT
               NOT LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS (GARANTIE DES VICES
                    CACHES);

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

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

               (D)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER
                    CONTRACTUAL OR DELICTUAL AND WHETHER OR NOT ARISING FROM THE
                    SELLER'S AND/OR ITS SUPPLIERS" NEGLIGENCE, ACTUAL OR
                    IMPUTED; AND

               (E)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS
                    OF OR DAMAGE TO ANY AIRCRAFT, COMPONENT, EQUIPMENT,
                    ACCESSORY OR PART THEREOF OR THE AIRBUS CBT DELIVERED
                    HEREUNDER.

               THE SELLER AND/OR ITS SUPPLIERS SHALL HAVE NO OBLIGATION OR
               LIABILITY, HOWSOEVER ARISING, FOR LOSS OF USE, REVENUE OR PROFIT
               OR FOR ANY OTHER DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES
               WITH RESPECT TO ANY NONCONFORMITY OR DEFECT IN THE AIRBUS CBT
               DELIVERED UNDER THIS AGREEMENT.

               FOR THE PURPOSES OF THIS CLAUSE 8.2, "THE SELLER" SHALL INCLUDE
               THE SELLER, ITS AFFILIATES AND ANY OF THEIR RESPECTIVE INSURERS.

                                Clause 16 - 21/21

<PAGE>

17             EQUIPMENT SUPPLIER PRODUCT SUPPORT

17.1           EQUIPMENT SUPPLIER PRODUCT SUPPORT AGREEMENTS

17.1.1         The Seller has obtained enforceable and transferable product
               support agreements from Suppliers of Seller Furnished Equipment
               listed in the Specification.

17.1.2         These agreements are based on the "World Airlines Suppliers
               Guide" and include Supplier commitments as contained in the
               "SUPPLIER PRODUCT SUPPORT AGREEMENTS" which include the following
               provisions:

17.1.2.1       Technical data and manuals required to operate, maintain, service
               and overhaul the Supplier Parts. Such technical data and manuals
               shall be prepared in accordance with the applicable provisions of
               ATA Specification including revision service and be published in
               the English language. The Seller shall recommend that software
               data, where applicable, be supplied in the form of an appendix to
               the Component Maintenance Manual, such data shall be provided h
               compliance with the applicable ATA Specification.

17.1.2.2       Warranties and guarantees including standard warranties. In
               addition, landing gear Suppliers shall provide service life
               policies for selected structural landing gear elements.

17.1.2.3       Training to ensure efficient operation, maintenance and overhaul
               of the Supplier Parts for the Buyer's instructors, shop and line
               service personnel.

17.1.2.4       Spares data in compliance with ATA 200/2000 Specification,
               initial provisioning recommendations, spare parts and logistic
               service including routine and expedited deliveries.

17.1.2.5       Technical service to assist the Buyer with maintenance, overhaul,
               repair, operation and inspection of Supplier Parts as well as
               required tooling and spares provisioning.

17.2           SUPPLIER COMPLIANCE

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

                                 Clause 17 - 1/1

<PAGE>

18             BUYER FURNISHED EQUIPMENT

18.1           ADMINISTRATION

18.1.1         Without additional charge, the Seller shall provide for the
               installation of those items of equipment which are identified in
               the Specification as being furnished by the Buyer ("BUYER
               FURNISHED EQUIPMENT" or "BFE"), provided that they are referred
               to in the Airbus BFE Catalog of Approved Suppliers by Products
               valid at time of ordering of the concerned BFE.

               The Seller shall advise the Buyer of the dates by which, in the
               planned release of engineering for the Aircraft, the Seller
               requires a written detailed engineering definition including the
               description of the dimensions and weight of BFE, the information
               related to its certification and information necessary for the
               installation and operation thereof. The Buyer shall furnish such
               detailed description and information by the dates so specified.
               Such information, dimensions and weights shall not thereafter be
               revised unless authorised by a Specification Change Notice.

               The Seller shall also furnish in due time to the Buyer a schedule
               of dates and indication of shipping addresses for delivery of BFE
               and, where requested by the Seller, additional spare BFE to
               permit installation in the Aircraft and delivery of the Aircraft
               in accordance with the delivery schedule. The Buyer shall provide
               such equipment by such dates in a serviceable condition, in order
               to allow performance of any assembly, test, or acceptance process
               in accordance with the industrial schedule.

               The Buyer shall also provide, when requested by the Seller, at
               AIRBUS FRANCE S.A.S. works in TOULOUSE (FRANCE) and/or at AIRBUS
               DEUTSCHLAND GmbH, Division Hamburger Flugzeugbau Works in HAMBURG
               (FEDERAL REPUBLIC OF GERMANY) adequate field service including
               support from BFE suppliers to act in a technical advisory
               capacity to the Seller in the installation, calibration and
               possible repair of any BFE.

18.1.2         The Seller shall be entitled to refuse any item of BFE which it
               considers incompatible with the Specification, the above
               mentioned engineering definition or the certification
               requirements, and shall promptly notify the Buyer of such
               refusal.

18.1.3         The BFE shall be imported into FRANCE or into the FEDERAL
               REPUBLIC OF GERMANY by the Buyer under a suspensive customs
               system ("Regime de I'entrepot industriel pour fabrication
               coordonnee" or "Zollverschluss") without application of any
               French or German tax or customs duty, and shall be Delivered Duty
               Unpaid (DDU) according to the Incoterms definition.

               Shipping Addresses:

               AIRBUS FRANCE S.A.S.
               316 Route de Bayonne
               31300 TOULOUSE
               FRANCE

               or

                               Clause 18 - Page 1/3

<PAGE>

               AIRBUS DEUTSCHLAND GmbH
               Division Hamburger Flugzeugbau
               Kreetslag 10
               21129 HAMBURG
               FEDERAL REPUBLIC OF GERMANY

               as provided in Clause 18.1.

18.1.4         If the Buyer requests the Seller to supply directly certain items
               which are considered as BFE according to the Specification and if
               such request is notified to the Seller in due time in order not
               to affect the Scheduled Delivery Month of the Aircraft, the
               Seller may agree to order such items subject to the execution of
               a Specification Change Notice reflecting the effect on price,
               escalation adjustment, and any other conditions of the Agreement.
               In such a case the Seller shall be entitled to the payment of a
               reasonable handling charge, * and shall bear no liability in
               respect of delay and product support commitments for such items
               which shall be the subject of separate arrangements between the
               Buyer and the relevant supplier.

18.2           AVIATION AUTHORITIES' REQUIREMENTS

               The Buyer is responsible for, at its expense, and warrants that
               BFE shall be manufactured by a qualified supplier, shall meet the
               requirements of the applicable Specification, shall comply with
               applicable requirements incorporated by reference to the Type
               Certificate and listed in the Type Certificate Data Sheet, shall
               be approved by the Aviation Authorities delivering the Export
               Certificate of Airworthiness and by the Buyer's Aviation
               Authority for installation and use on the Aircraft at the time of
               Delivery of such Aircraft.

18.3           BUYER'S OBLIGATION AND SELLER'S REMEDIES

18.3.1         Any delay or failure in complying with the foregoing warranty or
               in providing the descriptive information or service
               representatives mentioned in Clause 18.1 or in furnishing the BFE
               in serviceable condition at the requested delivery date or in
               obtaining any required approval for such equipment under the
               above mentioned Aviation Authorities regulations may delay the
               performance of any act to be performed by the Seller, and cause
               the Final Price of the Aircraft to be adjusted in accordance with
               the updated delivery schedule and to include in particular the
               amount of the Seller's * additional costs, directly attributable
               to such delay or failure such as storage, taxes, insurance and
               costs of out-of sequence installation. *

18.3.2         Further, in any such event, the Seller may:

               (i)  select, purchase and install an equipment similar to the
                    involved one, in which event the Final Price of the affected
                    Aircraft shall also be increased by the purchase price of
                    such equipment plus reasonable costs and expenses incurred
                    by the Seller for handling charges, transportation,
                    insurance, packaging and if so required and not already
                    provided for in the price of the Aircraft for adjustment and
                    calibration; or

               (ii) if the BFE shall be so delayed by more than * days, or
                    unapproved within * days deliver the Aircraft without the
                    installation of such equipment, notwithstanding the terms of
                    Clause 7 insofar as it may otherwise have applied, and the
                    Seller shall thereupon be relieved of all obligations to

                              Clause 18 - Page 2/3

<PAGE>

                    install such equipment. The Buyer may also elect to have the
                    Aircraft so delivered, provided it is in the condition
                    otherwise required by this Agreement.

18.4           TITLE AND RISK OF LOSS

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

                              Clause 18 - Page 3/3

<PAGE>

19             INDEMNIFICATION AND INSURANCE

19.1           INDEMNITIES RELATING TO INSPECTION, TECHNICAL ACCEPTANCE PROCESS
               AND GROUND TRAINING

19.1.1         The Seller shall, except in case of gross negligence or wilful
               misconduct of the Buyer, its Affiliates, their respective
               directors, officers, agents or employees, be solely liable for
               and shall indemnify and hold harmless the Buyer, its directors,
               officers, agents and employees, its Affiliates and their
               respective insurers from and against all liabilities, claims,
               damages, costs and expenses (including legal expenses and
               attorney fees) in respect of loss of or damage to the Seller's
               property and/or injury to or death of the directors, officers,
               agents or employees of the Seller and/or from and against all
               liabilities, claims, damages, costs and expenses (including legal
               expenses and attorney fees) for any damage caused by the Seller
               to third parties arising out of or in any way connected with any
               ground check, check or controls under Clause 6 or Clause 8 of
               this Agreement and/or Ground Training Services and for any damage
               caused by the Buyer and/or the Seller to third parties arising
               out of or in any way connected with technical acceptance flights
               under Clause 8 of this Agreement.

19.1.2         The Buyer shall, except in case of gross negligence or wilful
               misconduct of the Seller, its Affiliates, Suppliers, their
               respective directors, officers, agents or employees, be solely
               liable for and shall indemnify and hold harmless the Seller, its
               Affiliates, its Suppliers and their respective insurers from and
               against all liabilities, claims, damages, costs and expenses
               (including legal expenses and attorney fees) in respect of loss
               of or damage to the Buyer's property and/or injury to or death of
               the directors, officers, agents or employees of the Buyer and/or
               from and against all liabilities, claims, damages, costs and
               expenses (including legal expenses and attorney fees) for any
               damage caused by the Buyer to third parties, arising out of or in
               any way connected with any ground check, check or controls under
               Clause 6 or Clause 8 of this Agreement and/or Ground Training
               Services.

19.2           INDEMNITIES RELATING TO TRAINING ON AIRCRAFT AFTER DELIVERY

19.2.1         The Buyer shall, except in the case of gross negligence or wilful
               misconduct of the Seller, its Affiliates, Suppliers, their
               respective directors, officers, agents and employees, be solely
               liable for and shall indemnify and hold harmless the Seller, its
               Affiliates, its Suppliers and their respective insurers from and
               against all liabilities, claims, damages, costs and expenses
               (including legal expenses and attorney fees) incident thereto or
               incident to successfully establishing the right to
               indemnification, for injury to or death of any person (including
               any of the Buyer's directors, officers, agents and employees
               utilising such training services, but not directors, officers,
               agents and employees of the Seller) and/or for loss of or damage
               to any property and/or for loss of use thereof arising (including
               the aircraft on which the training services are performed),
               arising out of or in any way connected to the performance of any
               Aircraft Training Services.

19.2.2         The foregoing indemnity shall not apply with respect to the
               Seller's legal liability towards any person other than the Buyer,
               its directors, officers, agents or employees arising out of an
               accident caused solely by a product defect in the Aircraft
               delivered to and accepted by the Buyer hereunder.

                              Clause 19 - Page 1/3

<PAGE>

19.3           INDEMNITIES RELATING TO SELLER REPRESENTATIVES SERVICES

19.3.1         The Buyer shall, except in case of gross negligence or wilful
               misconduct of the Seller, its Affiliates, subcontractors,
               Suppliers, their respective directors, officers, agents or
               employees, be solely liable for and shall indemnify and hold
               harmless the Seller, its Affiliates, its Suppliers and their
               respective insurers from and against all liabilities, claims,
               damages, costs and expenses (including legal expenses and
               attorney fees) for all injuries to or death of persons (excepting
               injuries to or death of the Seller's Representatives) and for
               loss of or damage to property and/or loss of use thereof
               howsoever arising out of or in connection with the Seller's
               Representatives' Services.

19.3.2         The Seller shall, except in case of gross negligence or wilful
               misconduct of the Buyer, its Affiliates, their respective
               directors, officers, agents or employees, be solely liable for
               and shall indemnify and hold harmless the Buyer, its directors,
               officers, agents and employees, its Affiliates and their
               respective insurers from and against all liabilities, claims,
               damages, costs and expenses (including legal expenses and
               attorney fees) for all injuries to or death of the Seller's
               Representatives in connection with the Seller's Representatives'
               Services.

19.4           INSURANCES

               For all training periods on aircraft, the Buyer shall cause the
               Seller, as defined in Clause 19.5 hereof, its Affiliates, its
               Suppliers and their respective insurers to be named as additional
               insureds under the Buyer's Comprehensive Aviation Legal Liability
               insurance policies, including War Risks and Allied Perils, to the
               extent of the Buyer's undertaking set forth in Clause 19.2.1.
               With respect to the Buyer's Hull All Risks and Hull War Risks
               insurances and Allied Perils, the Buyer shall cause the insurers
               of the Buyer's hull insurance policies to waive ail rights of
               subrogation against the Seller, as defined in Clause 19.5 hereof,
               its Affiliates, its Suppliers and their respective insurers to
               the extent of the Buyer's undertaking set forth in Clause 19.2.1.

               Any applicable deductible shall be borne by the Buyer. With
               respect to the above policies, the Buyer shall furnish to the
               Seller, not less than seven (7) working days prior to the start
               of any such training period, certificates of insurance, in
               English, evidencing the limit of liability cover and period of
               insurance in a form acceptable to the Seller from the Buyer's
               insurance broker(s) certifying that such policies have been
               endorsed as follows:

               (i)  under the Comprehensive Aviation Legal Liability Insurances,
                    the Buyer's policies are primary and non-contributory to any
                    insurance maintained by the Seller;

               (ii) such insurance can only be cancelled or materially altered
                    by the giving of not less than thirty (30) days (but seven
                    (7) days or such lesser period as may be customarily
                    available in respect of War Risks and Allied Perils) prior
                    written notice thereof to the Seller; and

               (iii) under any such cover, all rights of subrogation against the
                    Seller, its Affiliates, its Suppliers and their respective
                    insurers, have been waived to the extent of the Buyer's
                    undertaking and specifically referring to Clause 19.2.1 and
                    to this Clause 19.4.

                              Clause 19 - Page 2/3

<PAGE>

19.5           SELLER AND AFFILIATES

               For the purposes of this Clause 19, "the Seller and its
               Affiliates" include the Seller, its subsidiaries, Airbus North
               America Customer Services, Hua-Ou Airbus - CASC Aviation Training
               Center, its shareholders, each of the sub-contractors, the
               assignees of each of the foregoing, and their respective
               directors, officers, agents and employees.

19.6           NOTICE OF CLAIMS

               If any claim is made or suit is brought against either party (or
               its respective directors, officers, agents or employees) for
               damages for which liability has been assumed by the other party
               in accordance with the provisions of this Agreement, the party
               against which a claim is so made or suit is so brought shall
               promptly give notice to the other party, and the latter shall
               (unless otherwise requested by the former party against which a
               claim is so made or suit is so brought, in which case the other
               party nevertheless shall have the right to) assume and conduct
               the defence thereof, or effect any settlement which it, in its
               opinion, deems proper.

                              Clause 19 - Page 3/3

<PAGE>

20             TERMINATION

20.1           TERMINATION FOR INSOLVENCY

               In the event that either the Seller or the Buyer

               (a)  makes a general assignment for the benefit of creditors or
                    becomes insolvent;

               (b)  files a voluntary petition in bankruptcy;

               (c)  petitions for or acquiesces in the appointment of any
                    receiver, trustee or similar officer to liquidate or
                    conserve its business or any substantial part of its assets;

               (d)  commences under the laws of any competent jurisdiction any
                    proceeding involving its insolvency, bankruptcy,
                    readjustment of debt, liquidation or any other similar
                    proceeding for the relief of financially distressed debtors;

               (e)  becomes the object of any proceeding or action of the type
                    described in (c) or (d) above and such proceeding or action
                    remains undismissed or unstayed for a period of at least
                    sixty (60) days; or

               (f)  is divested of a substantial part of its assets for a period
                    of at least sixty (60) consecutive days,

               then the other party may, to the full extent permitted by law, by
               written notice, terminate all or part of this Agreement.

20.2           TERMINATION FOR NON-PAYMENT OF PREDELIVERY PAYMENTS

               If for any Aircraft the Buyer fails to make any Predelivery
               Payments at the time, in the manner and in the amount specified
               in Clause 5.3, * the Seller may, by written notice, terminate all
               or part of this Agreement with respect to undelivered Aircraft.

                                       *

20.3           TERMINATION FOR FAILURE TO TAKE DELIVERY

               If the Buyer fails to comply with its obligations as set forth
               under Clause 8 and/or Clause 9, or fails to pay the Final Price
               of the Aircraft, the Seller shall have the right to put the Buyer
               on notice to do so within a period of * after the date of such
               notification.

               If the Buyer has not cured such default within such period, the
               Seller may, by written notice, terminate all or part of this
               Agreement with respect to undelivered Aircraft.

               All costs referred to in Clause 9.2.3 and relating to the period
               between the notified date of delivery (as referred to in Clause
               9.2.3) and the date of termination of all or part of this
               Agreement shall be borne by the Buyer.

                              Clause 20 - Page 1/2

<PAGE>

20.4           TERMINATION FOR DEFAULT UNDER OTHER AGREEMENTS

               If the Buyer or any of its Affiliates fails to perform or comply
               with any material obligation expressed to be assumed by it under
               any * agreement between the Buyer or any of its Affiliates and
               the Seller or any of its Affiliates (the "Other Agreement"): *
               then the Seller may, by written notice, terminate all or part of
               this Agreement.

20.5           GENERAL

20.5.1         To the full extent permitted by law, the termination of all or
               part of this Agreement pursuant to Clauses 20.1, 20.2, 20.3 and
               20.4 shall become effective immediately upon receipt by the
               relevant party of the notice of termination sent by the other
               party without it being necessary for either party to take any
               further action or to seek any consent from the other party or any
               court having jurisdiction.

20.5.2         The right for either party under Clause 20.1 and for the Seller
               under Clauses 20.2, 20.3, and 20.4 to terminate all or part of
               this Agreement shall be without prejudice to any other rights and
               remedies available to such party to seek termination of all or
               part of this Agreement before any court having jurisdiction
               pursuant to any failure by the other party to perform its
               obligations under this Agreement.

20.5.3         If the party taking the initiative of terminating this Agreement
               decides to terminate part of it only, the notice sent to the
               other party shall specify those provisions of this Agreement
               which shall be terminated.

20.5.4         In the event of termination of this Agreement following a default
               from the Buyer, including but not limited to a default under
               Clauses 20.1, 20.2, 20.3 and 20.4, the Seller without prejudice
               to any other rights and remedies available under this Agreement
               or by law, shall retain all predelivery payments, commitment
               fees, option fees and any other monies paid by the Buyer to the
               Seller under this Agreement and corresponding to the Aircraft,
               services, data and other items covered by such termination.

                              Clause 20 - Page 2/2

<PAGE>

21             ASSIGNMENTS AND TRANSFERS

21.1           ASSIGNMENTS BY BUYER

               Except as hereinafter provided, the Buyer may not sell, assign,
               novate or transfer its rights and obligations under this
               Agreement to any person without the prior written consent of the
               Seller, which shall not unreasonably be withheld.

21.1.1         ASSIGNMENTS FOR PREDELIVERY FINANCING

               The Buyer shall be entitled to assign its rights under this
               Agreement at any time in order to provide security for the
               financing of any Predelivery Payments subject to such assignment
               being in form and substance reasonably acceptable to the Seller,
               taking into account then applicable market practice.

21.1.2         ASSIGNMENTS FOR DELIVERY FINANCING

               The Buyer shall be entitled to assign its rights under this
               Agreement at any time in connection with the financing of its
               obligation to pay the Final Price subject to such assignment
               being in form and substance reasonably acceptable to the Seller,
               taking into account the then applicable market practice.

21.2           ASSIGNMENTS BY SELLER

               The Seller may at any time, with the prior written consent of the
               Buyer, which shall not be unreasonably withheld, sell, assign,
               novate or transfer its rights and obligations under this
               Agreement to any person, provided such sale, assignment or
               transfer be notified to Buyer and shall not have a material
               adverse effect on any of Buyer's rights and obligations under
               this Agreement.

21.2.1         TRANSFER OF RIGHTS AND OBLIGATIONS UPON RESTRUCTURING

               In the event that the Seller is subject to a corporate
               restructuring having as its object the transfer of, or succession
               by operation of law in, all or a substantial part of its assets
               and liabilities, rights and obligations, including those existing
               under this Agreement, to a person ("the SUCCESSOR") under the
               control of the ultimate controlling shareholders of the Seller at
               the time of that restructuring, for the purpose of the Successor
               carrying on the business carried on by the Seller at the time of
               the restructuring, such restructuring shall be completed without
               consent of the Buyer following notification by the Seller to the;
               Buyer in writing. The Buyer recognises that succession of the
               Successor to the Agreement by operation of law, which is valid
               under the law pursuant to which that succession occurs, shall be
               binding upon the Buyer.

                              Clause 21 - Page 1/1

<PAGE>

22             MISCELLANEOUS PROVISIONS

22.1           DATA RETRIEVAL

               The Buyer shall provide the Seller, as the Seller may reasonably
               request, with all the necessary data as customarily compiled by
               the Buyer and pertaining to the operation of the Aircraft to
               assist the Seller in making efficient and coordinated survey of
               all reliability, maintainability, operational and cost data with
               a view to improving the safety, availability and operational
               costs of the Aircraft.

22.2           NOTICES

               All notices and requests required or authorized hereunder shall
               be given in writing either by personal delivery to an authorized
               representative of the party to whom the same is given or by
               registered mail (return receipt requested), express mail
               (tracking receipt requested) or by facsimile, to be confirmed by
               subsequent registered mail, and the date upon which any such
               notice or request is so personally delivered or if such notice or
               request is given by registered mail, the date upon which it is
               received by the addressee or, if given by facsimile, the date
               upon which it is sent with a correct confirmation printout,
               provided that if such date of receipt is not a business day
               notice shall be deemed to have been received on the first
               following business day, shall be deemed to be the effective date
               of such notice or request.

               Seller's address for notices is:

               AIRBUS
               Attn. To V. P. Contracts
               1 Rond-Point Maurice Bellonte
               31707 Blagnac Cedex
               France

               Buyer's address for notices is:

               TAM - LINHAS AEREAS S.A.
               Attn. Contracts Director
               Avenida Jurandir, 856, 40 andar, Lote 4,
               CEP 04072 - 000, Jardim CECI,
               SAO PAULO-SP.
               BRAZIL

               or such other address or such other person as the party receiving
               the notice or request may reasonably designate from time to time.

22.3           WAIVER

               The failure of either party to enforce at any time any of the
               provisions of this Agreement, or to exercise any right herein
               provided, or to require at any time performance by the other
               party of any of the provisions hereof, shall in no way be
               construed to be a present or future waiver of such provisions nor
               in any way to affect the validity of this Agreement or any part
               thereof or the right of the other party thereafter to enforce
               each and every such provision. The express waiver (whether made
               one (1) or several times) by either party of any provision,
               condition or requirement of this Agreement shall not constitute a
               waiver of any future obligation to comply with such provision,
               condition or requirement.

                              Clause 22 - Page 1/4

<PAGE>

22.4           LAW AND JURISDICTION

22.4.1         This Agreement shall be governed by and construed in accordance
               with the laws of France.

22.4.2         Any dispute arising out of or in connection with this Agreement
               shall be within the exclusive jurisdiction of the Tribunal de
               Commerce of Paris.

22.5           INTERNATIONAL SUPPLY CONTRACT

               The Buyer and the Seller recognise that this Agreement is an
               international supply contract which has been the subject of
               discussion and negotiation, that all its terms and conditions are
               fully understood by the parties, and that the Specification and
               price of the Aircraft and the other mutual agreements of the
               parties set forth herein were arrived at in consideration of,
               inter alia, all the provisions hereof specifically including all
               waivers, releases and renunciations by the Buyer set out herein.

               The Buyer and the Seller hereby also agree that the United
               Nations Convention on Contracts for the International Sale of
               Goods will not apply to this transaction.

22.6           SEVERABILITY

               In the event that any provision of this Agreement should for any
               reason be held ineffective, the remainder of this Agreement shall
               remain in full force and effect. To the extent permitted by
               applicable law, each party hereto hereby waives any provision of
               law which renders any provision of this Agreement prohibited or
               unenforceable in any respect.

22.7           ALTERATIONS TO CONTRACT

               This Agreement contains the entire agreement between the parties
               with respect to the subject matter hereof and supersedes any
               previous understandings, commitments or representations
               whatsoever oral or written in respect thereto. This Agreement
               shall not be varied except by an instrument in writing of date
               even herewith or subsequent hereto executed by both parties or by
               their duly authorised representatives.

22.8           LANGUAGE

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

                              Clause 22 - Page 2/4

<PAGE>

22.9           COUNTERPARTS

               This Agreement has been executed in two (2) original copies.

               Notwithstanding the above, this Agreement may be executed by the
               parties in separate counterparts, each of which when so executed
               and delivered shall be an original, but all such counterparts
               shall together constitute one and the same Agreement.

22.10          CONFIDENTIALITY

               This Agreement including any Exhibits, other documents or data
               exchanged between the Buyer and the Seller for the fulfilment of
               their respective obligations under the Agreement shall be treated
               by both parties as confidential and shall not be released in
               whole or in part to any third party except as may be required by
               law, or to professional advisors for the purpose of
               implementation hereof.

               In particular, both parties agree:

               -    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 written consent of
                    the other party hereto.

               -    that any and all terms and conditions of the transaction
                    contemplated in this Agreement are strictly personal and
                    exclusive to the Buyer, including in particular, but not
                    limited to, the Aircraft pricing (the "Personal
                    Information"). The Buyer therefore agrees to notify the
                    Seller reasonably in advance of any required disclosure of
                    Personal Information to financial institutions, including
                    operating lessors, investment banks and their agents or
                    other relevant institutions for aircraft sale and leaseback
                    or any other Aircraft or Predelivery Payment financing
                    purposes (the "Receiving Party"), and if requested by the
                    Seller, to consult with the Seller for a reasonable period
                    of time in relation thereto.

               Without prejudice to the foregoing, any disclosure of Personal
               Information to a Receiving Party shall be subject to written
               agreement between the Buyer and the Seller, including in
               particular, but not limited to:

               (i)  the contact details of the Receiving Party,

               (ii) the extent of the Personal Information subject to
                    disclosure,

               (iii) the Aircraft pricing to be provided to the Receiving Party.

               Furthermore, the Buyer and the Seller shall use their best
               reasonable efforts to limit the disclosure of the contents of
               this Agreement to the extent legally permissible in any filing
               required to be made by the Buyer and the Seller with any
               governmental or regulatory agency. The Buyer and the Seller agree
               that prior to any such disclosure or filing, the Seller and the
               Buyer shall jointly review and agree on the terms and conditions
               of the document to be filed or disclosed.

               The provisions of this Clause 22.10 shall survive any termination
               of this Agreement for a period of five (5) years.

                              Clause 22 - Page 3/4

<PAGE>

IN WITNESS WHEREOF this Agreement was entered into the day and year first above
written.

For and on behalf of                    For and on behalf of

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

                              Clause 22 - Page 4/4

<PAGE>

                                                                       EXHIBIT A

                                    EXHIBIT A

                                  SPECIFICATION

The A350-900 and A350-800 Standard Specifications are contained in a separate
CD-ROM.

                             - Exhibit A - Page 1/1

<PAGE>

                             APPENDIX I TO EXHIBIT A

                           TAM A35O-800 SCN DEFINITION

                                       *

                                       3

<PAGE>

                             APPENDIX I TO EXHIBIT A

                           TAM A350-800 SCN DEFINITION

                                       *
Option list Issue 1

                                       3

<PAGE>

                            APPENDIX II TO EXHIBIT A

                           TAM A350-900 SCN DEFINITION

                                       *

                                   Page l of 2

<PAGE>

                            APPENDIX II TO EXHIBIT A

                           TAM A350-900 SCN DEFINITION

                                       *
Option list Issue 1

                                  Page 2 of 2

<PAGE>

                                                                       EXHIBIT B

                                    EXHIBIT B

                                     FORM OF
                          SPECIFICATION CHANGE NOTICE

                             - Exhibit B - Page 1/1

<PAGE>

                  AIRBUS                TAM - LINHAS AERAS

(LOGO) SPECIFICATION CHANGE NOTICE

                  (SCN)                 SCN Number _____________________________

                                        Issue __________________________________

                                        Dated __________________________________

                                        Page ___________________________________

TITLE: _________________________________________________________________________

DESCRIPTION  ___________________________________________________________________

             ___________________________________________________________________

             ___________________________________________________________________

EFFECT ON WEIGHT

   Manufacturer's Weight Empty Change: _________________________________________

   Operational Weight Empty Change: ____________________________________________

   Allowable Payload Change: ___________________________________________________

REMARKS / REFERENCES

   RFC ... _____________________________________________________________________

SPECIFICATION CHANGED BY THIS SCN
   A350-900 Aircraft Standard Specification Reference No G 000 09000
   Issue B dated 30-June-2005

THIS SCN REQUIRES PRIOR OR CONCURRENT ACCEPTANCE OF THE FOLLOWING SCN (S):

________________________________________________________________________________

PRICE PER AIRCRAFT

US DOLLARS: ____________________________________________________________________

AT DELIVERY CONDITIONS: ________________________________________________________

This change will be effective on ________ AIRCRAFT No ________ and subsequent.
Provided approval is received by ________

BUYER APPROVAL                          SELLER APPROVAL

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

Date:                                   Date:
      -------------------------------         ----------------------------------

<PAGE>

                  AIRBUS                TAM - LINHAS AERAS

(LOGO) SPECIFICATION CHANGE NOTICE

                  (SCN)                 SCN Number _____________________________

                                        Issue __________________________________

                                        Dated __________________________________

                                        Page ___________________________________

SPECIFICATION REPERCUSSION:
   After contractual agreement with respect to weight, performance, delivery,
   etc, the indicated part of the specification wording will read as follows:

<PAGE>

                  AIRBUS                TAM - LINHAS AERAS

(LOGO) SPECIFICATION CHANGE NOTICE

                  (SCN)                 SCN Number _____________________________

                                        Issue __________________________________

                                        Dated __________________________________

                                        Page ___________________________________

SCOPE OF CHANGE (FOR INFORMATION ONLY)

<PAGE>

                                                                       EXHIBIT C

AIRCRAFT PRICE REVISION FORMULA

1    BASIC PRICE

     The Aircraft Basic Price quoted in Clause 3.1 of the Agreement 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    BASE PERIOD

     The Aircraft Basic Price has been established in accordance with the
     average economic conditions prevailing in December 2002, January 2003,
     February 2003 and corresponding to a theoretical delivery in January 2004
     as defined by "EClb" and "ICb" index values indicated hereafter.

     "EClb" and "ICb" index values indicated herein shall not be subject to any
     revision.

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 preceding
     months.

     Index code for access on the Web site of the US Bureau of Labor Statistics:
     ECU28102L

     Material Index: "Industrial commodities" (hereinafter referred to as "IC")
     as published in "Producer Price Indexes" (Table 6. Producer price indexes
     and percent changes for commodity groupings and individual items). (Base
     Year 1982 = 100).

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

                             - Exhibit C - Page 1/3

<PAGE>

                                                                       EXHIBIT C

AIRCRAFT PRICE REVISION FORMULA

4    REVISION FORMULA

     Pn      = (Pb + F) x [(0.75 x ECIn / ECIb) + (0.25 x lCn/ICb)]

     Where   :

     Pn      : Aircraft Basic Price as revised as of the Delivery Date of the
               Aircraft

     Pb      : Aircraft Basic Price at economic conditions December 2002,
               January 2003, February 2003 averaged (January 2004 delivery
               conditions)

     F       : (0.005 x N x Pb)

               where N = the calendar year of delivery of the Aircraft minus
               2004

     ECln    : the arithmetic average of the latest published values of the ECl
               SIC 3721W-lndex available at the Delivery Date of the Aircraft
               for the 11th, 12*(1) and 13th month prior to the month of
               Aircraft Delivery

     EClb    : ECl SIC 3721 W-lndex for December 2002, January 2003, February
               2003 averaged (=165.0)

     ICn     : the arithmetic average of the latest published values of the
               IC-Index available at the Delivery Date of the Aircraft for the
               11th, 12th and 13th month prior to the month of Aircraft Delivery

     ICb     : IC-Index for December 2002, January 2003, February 2003, averaged
               (= 136.8)

                             - Exhibit C - Page 2/3

<PAGE>

                                                                       EXHIBIT C

AIRCRAFT PRICE REVISION FORMULA

5    GENERAL PROVISIONS

5.1  Roundings

     The Labor Index average and the Material Index average shall be computed to
     the first decimal. If the next succeeding place is five (5) or more, the
     preceding decimal place shall be raised to the next higher figure.

     Each quotient (ECln/ECIb) and (ICn/ICb) shall be rounded to the
     nearest ten-thousandth (4 decimals). If the next succeeding place is five
     (5) or more, the preceding decimal place shall be raised to the next higher
     figure.

     The final factor shall be rounded to the nearest ten-thousandth (4
     decimals).

     The final price shall be rounded to the nearest whole number (0.5 or more
     rounded to 1).

5.2  Substitution of Indexes for Aircraft Price Revision Formula

     If;

     (i)  the United States Department of Labor substantially revises the
          methodology of calculation of the Labor Index or the Material Index as
          used in the Aircraft Price Revision Formula, or

     (ii) the United States Department of Labor discontinues, either temporarily
          or permanently, such Labor Index or such Material Index, or

     (iii) the data samples used to calculate such Labor Index or such Material
          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 material costs used in the
     calculation of the original Labor Index or Material Index as the case may
     be.

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

5.3  Final Index Values

     The Index values as defined in Clause 4 above 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.

                             - Exhibit C - Page 3/3

<PAGE>

                                                                       EXHIBIT D

                            CERTIFICATE OF ACCEPTANCE

In accordance with the terms of the A350-900 purchase agreement dated __th ____
2005 and made between TAM - LINHAS AEREAS S.A. and AIRBUS S.A.S., as amended
(the "PURCHASE AGREEMENT"), the acceptance tests relating to the A350-900
aircraft, Manufacturer's Serial Number: [______], Registration Marks: [______]
(the "AIRCRAFT"), have taken place at [______] or [______] on the [_____] day of
[____________].

In view of said tests having been carried out with satisfactory results, TAM
Linhas Aereas S.A. hereby approves the Aircraft as being in conformity with the
provisions of the Purchase Agreement.

Said acceptance does not impair the rights that may be derived from the
warranties relating to the Aircraft set forth in the Purchase Agreement.

Any right at law or otherwise to revoke this acceptance of the Aircraft is
hereby waived.

The [______] day of [____________]

TAM - LINHAS AEREAS S.A.

By:
    ---------------------------------
Its:
     --------------------------------

                                    Page 1/1

<PAGE>

                                                                       EXHIBIT E

                                  BILL OF SALE

Know all men by these presents that Airbus S.A.S. (the "SELLER"), "societe par
actions simplifiee" existing under French law and whose address is 1 rond-point
Maurice Bellonte, 31707 Blagnac Cedex, FRANCE, is, this [________], the owner of
the title to the following airframe (the "AIRFRAME"), the engines as specified
(the "ENGINES") and all appliances, components, parts, instruments, accessories,
furnishings, modules and other equipment of any nature, excluding Buyer
Furnished Equipment ("BFE"), incorporated therein, installed thereon or attached
thereto on the date hereof (the "PARTS"):

AIRFRAME:                         ENGINES:

AIRBUS Model A350-900             General Electric Model Genex 72 A

MANUFACTURER'S                    ENGINE SERIAL NUMBERS:

SERIAL NUMBER: [_________]        LH: [_________]

                                  RH: [_________]

REGISTRATION MARKS: [_________]

[and has such title to the BFE as was acquired by it from TAM Linhas Aereas S.A.
by a Bill of Sale dated [____________] (the "BFE Bill of Sale").]

The Airframe, Engines and Parts are hereafter together referred to as the
Aircraft (the "AIRCRAFT").

The Seller does hereby on this [______] day of [____________] sell, transfer and
deliver all of its above described rights, title and interest to the Aircraft to
the following company and to its successors and assigns forever, said Aircraft
[and the BFE] to be the property thereof:

                          TAM - LINHAS AEREAS S.A.
                                 (the "BUYER")

The Seller hereby warrants to the Buyer, its successors and assigns that it has
good and lawful right to sell, deliver and transfer title to the Aircraft to the
Buyer and that there is hereby conveyed to the Buyer good, legal and valid title
to the Aircraft, free and clear of all liens, claims, charges, encumbrances and
rights of others and that the Seller will warrant and defend such title forever
against all claims and demands whatsoever [and such title to the BFE as the
Seller has acquired pursuant to the BFE Bill of Sale.]

This Bill of Sale shall be governed by and construed in accordance with the laws
of France.

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

AIRBUS S.A.S.

By:
    ---------------------------------
Title:
       ------------------------------

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

                             - Exhibit E - Page 1/1

<PAGE>

                                                                       EXHIBIT F

                                    EXHIBIT F

                               SERVICE LIFE POLICY

                           ITEMS OF PRIMARY STRUCTURE

                                 Exhibit F - 1/4

<PAGE>

                                                                       EXHIBIT F

                           SELLER SERVICE LIFE POLICY

1         The Items covered by the Service Life Policy pursuant to Clause 12.2
          are those Seller Items of primary and auxiliary structure described
          hereunder.

2         WINGS - CENTER AND OUTER WING BOX (LEFT AND RIGHT)

2.1       WING STRUCTURE

2.1.1     Spars

2.1.2     Ribs and stringers inside the wing box

2.1.3     Upper and lower wing skin panels of the wing box

2.2       FITTINGS

2.2.1     Support structure and attachment fittings for the flap structure

2.2.2     Support structure and attachment fitting for the engine pylons

2.2.3     Support structure and attachment fitting for the main landing gear

2.2.4     Support structure and attachment fitting for the center wing box

2.3       AUXILIARY SUPPORT STRUCTURE

2.3.1     For the slats:

2.3.1.1   Ribs supporting the track rollers on wing box structure

2.3.1.2   Ribs supporting the actuators on wing box structure

2.3.2     For the ailerons:

2.3.2.1   Hinge brackets and ribs on wing box rear spar or shroud box

2.3.2.2   Actuator fittings on wing box rear spar or shroud box

2.3.3     For airbrakes, spoilers, lift dumpers:

2.3.3.1   Hinge brackets and ribs on wing box rear spar or shroud box

2.3.3.2   Actuator fittings on wing box rear spar or shroud box

                                 Exhibit F - 2/4

<PAGE>

                                                                       EXHIBIT F

2.4       PYLON

2.4.1     For the Pylon Main Structural Box

2.4.1.1   Spars

2.4.1.2   Ribs

2.4.1.3   Skin, doublers and stiffeners

2.4.1.4   Support structure and attachment fitting for engine supports

3         FUSELAGE

3.1       FUSELAGE STRUCTURE

3.1.1     Fore and aft bulkheads

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

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

3.1.4     Window and windscreen attachment structure but excluding
          transparencies

3.1.5     Passenger and cargo doors internal structure

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

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

3.1.8     Keel beam structure

3.2       FITTINGS

3.2.1     Landing gear support structure and attachment fitting

3.2.2     Support structure and attachment fittings for the vertical and
          horizontal stabilizers

3.2.3     Support structure and attachment fitting for the APU

                                 Exhibit F - 3/4

<PAGE>

                                                                       EXHIBIT F

4         STABILIZERS

4.1       HORIZONTAL STABILIZER MAIN STRUCTURAL BOX

4.1.1     Spars

4.1.2     Ribs

4.1.3     Upper and lower skins and stringers

4.1.4     Support structure and attachment fitting to fuselage and trim screw
          actuator

4.1.5     Elevator support structure

4.1.5.1   Hinge bracket

4.1.5.2   Servocontrol attachment brackets

4.2       VERTICAL STABILIZER MAIN STRUCTURAL BOX

4.2.1     Spars

4.2.2     Ribs

4.2.3     Skins and stringers

4.2.4     Support structure and attachment fitting to fuselage

4.2.5     Rudder support structure

4.2.5.1   Hinge brackets

4.2.5.2   Servocontrol attachment brackets

5         EXCLUSIONS

          Bearing and roller assemblies, bearing surfaces, bushings, fittings
          other than those listed above, access and inspection doors, including
          manhole doors, latching mechanisms, all system components, commercial
          interior parts, insulation and related installation and connecting
          devices are excluded from this Seller Service Life Policy.

                                 Exhibit F - 4/4

<PAGE>

                                                                       EXHIBIT G

                                    EXHIBIT G

                              TECHNICAL DATA INDEX

                                 Exhibit G - 1/16

<PAGE>

                                                                       EXHIBIT G

                              TECHNICAL DATA INDEX

Where applicable, data will be established in general compliance with ATA
Specification 2200 (iSpec2200), Information Standards for Aviation Maintenance
(Revision 2003).

The following index identifies the Technical Data provided in support of the
Aircraft.

The explanation of the table is as follows:

NOMENCLATURE                            Self-explanatory.

ABBREVIATED DESIGNATION (Abbr)          Self-explanatory.

AVAILABILITY (Avail)

Technical Data can be available:

-    ON-LINE (ON) through the relevant Service on Airbus Customer Portal

     and / or

-    OFF-LINE (OFF) through the most suitable means applicable to the size of
     the concerned document (e.g CD or DVD).

FORMAT (Form)

Following formats can be used:

-    SGML - Standard Generalized Mark-up Language, which allows further data
     processing by the Buyer.

-    XML - Evolution of the SGML format to cope with WEB technology
     requirements.

-    PDF (PDF) - Portable Document Format allowing data consultation.

-    Advanced Consultation Tool, which comes with the relevant consultation and
     navigation system.

-    Advanced Customization Tool - FOSP (Flight Operations Standard Package) is
     the advanced customization tool to be used by the Buyer to browse a manual,
     customize a manual in accordance with its own operational or regulatory
     requirements and/or publish a manual in OIS format.

                                Exhibit G - 2/16

<PAGE>

                                                                       EXHIBIT G

TYPE   C   CUSTOMIZED. Refers to manuals that are applicable to an individual
           Airbus customer/operator fleet or aircraft.

       G   GENERIC. Refers to manuals that are applicable for all Airbus
           aircraft types/models/series.

       E   ENVELOPE. Refers to manuals that are applicable to a whole group of
           Airbus customers for a specific aircraft type/model/series.

QUANTITY (Qty)     Self-explanatory for physical media.

DELIVERY (Deliv)   Delivery refers to scheduled delivery dates and is expressed
                   in either the number of corresponding days prior to first
                   Aircraft Delivery, or nil (0) corresponding to the first
                   Delivery day.

                   The number of days indicated shall be rounded up to the next
                   regular revision release date.

                                Exhibit G - 3/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
         NOMENCLATURE            ABBR   AVAIL       FORM      TYPE     DELIV                   COMMENTS
         ------------            ----   -----       ----      ----     -----                   --------
<S>                             <C>     <C>    <C>            <C>      <C>    <C>
OPERATIONAL MANUALS AND DATA

Flight Crew Operating Manual /  FCOM     OFF      Advanced      C        90
Quick Reference Leaflet (QRL)                  Customization
                                                    Tool
                                FCOM      ON      Advanced      C        90
                                               Customization
                                                    Tool
                                FCOM      ON        XML         C        90
                                FCOM     OFF        XML         C        90
                                FCOM     OFF      PAPER(**)     C        90   (**) NOTE: This Manual will be provided
                                                                                   only if it's still produced in this
                                                                                   format by the Seller, at the time of
                                                                                   the delivery date.
                                QRL      OFF        Paper       C        90   *    Two per Aircraft at Delivery + 20
                                                                                   copies per Aircraft
                                QRL       ON         XML        C   *    90
                                QRL      OFF         XML        C        90

Flight Crew Training Manual     FCTM      ON      Advanced      C        90
                                               Customization
                                                    Tool
                                FCTM     OFF      Advanced      C        90
                                               Customization
                                                    Tool
                                FCTM      ON        XML         C        90
                                FCTM     OFF        XML         C        90

Cabin Crew Operating Manual     CCOM     OFF     Advanced       C        90
                                               Customization
                                                    Tool
                                CCOM      ON      Advanced      C        90
                                               Customization
                                                    Tool
                                CCOM      ON        XML         C        90
                                CCOM     OFF        XML         C        90
</TABLE>

                                Exhibit G - 4/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<S>                             <C>      <C>   <C>              <C>       <C> <C>
Flight Manual / Configuration   FM/CDL   OFF       (PDF*)       C         0   (*)  plus one copy per Aircraft at
Deviation List                                                                     Delivery under PDF or securised
                                                                                   format, as agreed with the
                                                                                   Airworthiness Authorities
                                FM/CDL    ON      Advanced      C         0
                                               Customization
                                                    Tool
                                FM/CDL    ON        XML         C   *     0
                                FM/CDL   OFF        XML         C         0
                                FM/CDL   OFF     PAPER (**)     C             (**) NOTE: This Manual will be provided
                                                                                   only, If it's still produced in this
                                                                                   format by the Seller, at the time of
                                                                                   the delivery date.
</TABLE>

                                Exhibit G - 5/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
         NOMENCLATURE            ABBR  AVAIL       FORM      TYPE     DELIV                    COMMENTS
         ------------            ----  -----       ----      ----     -----                    --------
<S>                              <C>   <C>    <C>            <C>      <C>    <C>
OPERATIONAL MANUALS AND DATA (CONT'D)

Master Minimum Equipment List    MMEL   OFF      (PDF *)       C         0   (*)  plus one copy per Aircraft at Delivery
                                                                                  under PDF or securised format, as
                                                                                  agreed with the Airworthiness
                                                                                  Authorities
                                 MMEL   OFF      Advanced      C       180
                                              Customization
                                                   Tool
                                 MMEL    ON      Advanced      C       180
                                              Customization
                                                   Tool
                                 MMEL    ON        XML         C       180
                                 MMEL   OFF        XML         C       180
                                 MMEL   OFF     PAPER (**)     C       180   (**) NOTE: This Manual will be provided,
                                                                                  only if it's still produced in this
                                                                                  format by the Seller, at the time of
                                                                                  the delivery date.

Trim Sheet                       TS     OFF      WordDoc       C         0   Office Automation format (.doc) for further
                                 TS      ON      WordDoc       C   *     0   processing by the Buyer

Weight and Balance Manual        WBM    OFF      (PDF *)       C         0   (*)  plus one copy per Aircraft at Delivery
                                                                                  under PDF or securised format, as
                                                                                  agreed with the Airworthiness
                                                                                  Authorities
                                 WBM    OFF      Advanced      C        90
                                              Customization
                                                   Tool
                                 WBM     ON      Advanced      C        90
                                              Customization
                                                   Tool
                                 WBM     ON        XML         C        90
                                 WBM    OFF        XML         C        90
                                 WBM    OFF     PAPER (**)     C        90   (**) NOTE: This Manual will be provided,
                                                                                  only if it's still produced in this
                                                                                  format by the Seller, at the time of
                                                                                  the delivery date.
</TABLE>

                                Exhibit G - 6/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
         NOMENCLATURE            ABBR  AVAIL       FORM      TYPE     DELIV                    COMMENTS
         ------------            ----  -----       ----      ----     -----                    --------
<S>                              <C>   <C>    <C>            <C>      <C>    <C>
OPERATIONAL MANUALS AND DATA (CONT'D)

Performance Engineer's Programs  PEP    OFF      Advanced      C        90
                                               Consultation
                                                   Tool
                                 PEP     ON      Advanced      C        90
                                               Consultation
                                                   Tool            *

Performance Programs Manual      PPM    OFF      Advanced      C        90
                                               Consultation
                                                   Tool
                                 PPM     ON      Advanced      C        90
                                               Consultation
                                                   Tool
</TABLE>

                                Exhibit G - 7/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
             NOMENCLATURE                   ABBR     AVAIL      FORM      TYPE     DELIV                COMMENTS
             ------------                   ----     -----      ----      ----     -----                --------
<S>                                     <C>          <C>    <C>           <C>      <C>    <C>
MAINTENANCE AND ASSOCIATED MANUALS

Air N@v / MAINTENANCE, including:       AirN@v         ON     Advanced      C        90
Aircraft Maintenance Manual             Maintenance         Consultation
Illustrated Parts Catalog (Airframe)                            Tool
Illustrated Parts Catalog (Powerplant)  AirN@v        OFF     Advanced      C        90   Recommended basic delivery quantity
Trouble Shooting Manual                 Maintenance         Consultation
Aircraft Schematics Manual                                   Tool on DVD
Aircraft Wiring Lists
Aircraft Wiring Manual
Electrical Standard Practices Manual

AirN@v / Associated Data
Consumable Material List
Standards Manual

                                                                                *

Aircraft Maintenance Manual             AMM            ON       SGML        C        90
                                        AMM           OFF       SGML        C        90   If selected by the Buyer, SGML
                                                                                          format will not be automatically
                                                                                          supplied. Effective delivery will
                                                                                          only take place upon explicit
                                                                                          request from the Buyer

                                        AMM           OFF    CD PDF (**)    C        90   (**) NOTE: This Manual will be
                                                                                               provided, only if it's still
                                                                                               produced in this format by the
                                                                                               Seller, at the time of the
                                                                                               delivery date.

Aircraft Schematics Manual              ASM            ON       SGML        C        90
                                        ASM           OFF       SGML        C        90   See comments under AMM SGML
                                        ASM           OFF    CD PDF (**)    C        90   (**) NOTE: This Manual will be
                                                                                               provided, only if it's still
                                                                                               produced in this format by the
                                                                                               Seller, at the time of the
                                                                                               delivery date.
Aircraft Wiring Lists                   AWL            ON       SGML        C        90
                                        AWL           OFF       SGML        C        90   See comments under AMM SGML
                                        AWL           OFF    CD PDF (**)    C        90   (**) NOTE: This Manual will be
                                                                                               provided, only if it's still
                                                                                               produced in this format by the
                                                                                               Seller, at the time of the
                                                                                               delivery date.

Aircraft Wiring Manual                  AWM            ON       SGML        C        90
</TABLE>

                                Exhibit G - 8/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<S>                                     <C>           <C>       <C>         <C>     <C>   <C>
                                        AWM           OFF       SGML        C        90   See comments under AMM SGML

Consumable Material List                CML            ON       SGML        G   *   180
                                        CML           OFF       SGML        G       180   See comments under AMM SGML
</TABLE>

                                Exhibit G - 9/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
            NOMENCLATURE                  ABBR     AVAIL      FORM      TYPE     DELIV                 COMMENTS
            ------------                  ----     -----      ----      ----     -----                 --------
<S>                                   <C>          <C>    <C>           <C>      <C>    <C>
MAINTENANCE AND ASSOCIATED MANUALS (CONT'D)

AirN@v/ENGINEERING, including         Engineering    ON     Advanced      C        90
Airworthiness Directives / AD         Technical           Consultation
Consignes de Navigabilite/CN          Data                    Tool
(French DGAC)                         Service
All Operator Telex / AOT
Operator Information Telex / OIT      AirN@v        OFF     Advanced      C        90   AirN@v Engineering is an "Engineering
Flight Operator Telex / FOT                               Consultation                  Documentation Combined Index"
Modification / MOD                                            Tool                      providing an access to some
Modification Proposal / MP                                                              Engineering document indexes and
Service Bulletin / SB                                                                   contents and providing
Service Information Letter / SIL                                                        cross-references between such
Technical Follow-Up / TFU                                                               documents through advanced search
Vendor Service Bulletin / VSB                                                           functions.

Electrical Load Analysis              ELA           OFF     PDF/RTF/      C       +30   One ELA supplied for each Aircraft,
                                                               XLS                      delivered one month after Aircraft
                                                                                        Delivery
                                                                              *         PDF File + Office automation format
                                                                                        RTF & Excel file delivered on one
                                                                                        single CD for ELA updating by the
                                                                                        Buyer

Electrical Standard Practices Manual  ESPM           ON       SGML        G        90
                                      ESPM          OFF       SGML        G        90   See comments under AMM SGML
                                      ESPM           ON        PDF        G        90
                                      ESPM          OFF       CD-P        G        90

Electrical Standard Practices         ESP           OFF        P2*        G        90   *    Refers to a two-side printed
booklet                                                                                      document

Illustrated Parts Catalog (Airframe)  IPC            ON       SGML        C        90
                                      IPC           OFF       SGML        C        90   See comments under AMM SGML
                                      IPC           OFF    CD PDF (**)    C        90   (**) NOTE: This Manual will be
                                                                                             provided, only if it's still
                                                                                             produced in this format by the
                                                                                             Seller, at the time of the
                                                                                             delivery date.

Illustrated Parts Catalog             PIPC           ON       SGML        C        90
(Powerplant)                          PIPC          OFF       SGML        C        90   See comments under AMM SGML
</TABLE>

                                Exhibit G - 10/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
            NOMENCLATURE                  ABBR     AVAIL      FORM      TYPE     DELIV                 COMMENTS
            ------------                  ----     -----      ----      ----     -----                 --------
<S>                                   <C>          <C>    <C>           <C>      <C>    <C>
MAINTENANCE AND ASSOCIATED MANUALS (CONT'D)

AirN@v / PLANNING, including:         AirN@v         ON     Advanced      E        90*  With first AMM issue
Maintenance Planning Document         Planning            Consultation
                                                              Tool
                                      AirN@v        OFF      Advanced     E        90*  Upon Customer's request, the MPD may
                                      Planning            Consultation                  also be supplied in PDF / Refer
                                                           Tool on DVD                  below.

Maintenance Planning Document         MPD            ON       SGML        E        90
                                      MPD           OFF       SGML        E        90   See comments under AMM SGML
                                      MPD           OFF        PDF        E       360   *   Supplied upon Buyer's request
                                                                                            only
                                                                                        Contains PDF, Excel File and TSDF /
                                                                                        Task Structured Data File for further
                                                                                        processing

Maintenance Review Board Report       MRBR           ON        PDF        E       360   MRB Report ocument includes the
                                      MRBR          OFF       CD-P        E   *   360   Certification Maintenance
                                                                                        Requirements (CMR) and Airworthiness
                                                                                        Limitation Items (ALI) documents.

Support Equipment Summary             SES            ON        PDF        G       360
                                      SES           OFF*      CD-P        G       360   *   Contained on one single CD with
                                                                                            TEI/TEM

Tool and Equipment Drawings           TED            ON     Advanced      E       360   On-line Consultation from Engineering
                                                          Consultation                  Drawings Service
                                                              Tool

Tool and Equipment index              TEI            ON        PDF        E       360
                                      TEI           OFF*      CD-P        E       360   *   Contained on one single CD with
                                                                                            TEM & SES

Illustrated Tool and Equipment        TEM            ON        PDF        E       360
Manual
                                      TEM           OFF*      CD-P        E       360   *   Contained on one single CD with
                                                                                            TEI & SES

Trouble Shooting Manual               TSM            ON       SGML        C        90
                                      TSM           OFF       SGML        C        90   See comments under AMM SGML
</TABLE>

                                Exhibit G - 11/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
            NOMENCLATURE               ABBR   AVAIL      FORM      TYPE     DELIV                 COMMENTS
            ------------               ----   -----      ----      ----     -----                 --------
<S>                                   <C>     <C>    <C>           <C>      <C>    <C>
STRUCTURAL MANUALS

AirN@v / REPAIR, Including:           AirN@v    ON      Advance      E       90.
Structural Repair Manual              Repair         Consultation
                                                         Tool

Nacelle Structural Repair Manual      AirN@v   OFF      Advance      E       90.
(Integrated in Airbus SRM)            Repair         Consultation
Non Destructive Testing Manual +                      Tool On DVD
AirN@v / Associated Data >                                                         * Recommended basic delivery quantity
Consumable Material List
Standards Manual

                                                                         *
Structural Repair Manual              SRM       ON       SGML        E       90
                                      SRM      OFF       SGML        E       90    If selected by the Buyer, SGML format
                                                                                   will not be automatically supplied.
                                                                                   Effective delivery will only take place
                                                                                   upon explicit request from the Buyer

Nacelle Structural Repair Manual      NSRM      ON       SGML        E       90
(integrated in  Airbus SRM)           NSRM     OFF       SGML        E       90    See comments under SRM SGML

Nondestructive Testing Manual         NTM       ON       SGML        E       90
                                      NTM      OFF       SGML        E       90    If selected by the Buyer, SGML format
                                                                                   will not be automatically supplied.
                                                                                   Effective delivery will only take place
                                                                                   upon explicit request from the Buyer
</TABLE>

                               Exhibit G - 12/16

<PAGE>

                                                                       EXHIBIT G
<TABLE>
<CAPTION>
            NOMENCLATURE                ABBR    AVAIL      FORM      TYPE     DELIV                 COMMENTS
            ------------                ----    -----      ----      ----     -----                 --------
<S>                                   <C>       <C>    <C>           <C>      <C>    <C>
OVERHAUL DATA

AirN@v / WORKSHOP. including:         AirN@v      ON      Advance      E       180
Component Maintenance Manual -        Workshop         Consultation
Manufacturer Duct & Fuel Pipe Repair                       Tool
Manual + AirNOv / Associated Data >   AirN@v     OFF      Advance      E
Consumable Material List              Workshop         Consultation
Standards Manual                                        Tool On DVD

Component Maintenance Manual -        CMMM        ON        PDF        E       180
Manufacturer                          CMMM       OFF       CD-P        E       180   Supplied upon Buyer's request

Component Maintenance Manual -        CMMM        ON       SGML        E       180
Manufacturer                          CMMM       OFF       SGML        E       180   If selected by the Buyer, SGML format
                                                                                     will not be automatically supplied.
                                                                                     Effective delivery will on]y take place
                                                                                     upon, explicit request from the Buyer

Duct & Fuel Pipe Repair Manual        DFPRM       ON        PDF        E   *   180
                                      DFPRM      OFF       CD-P        E       180   Supplied upon Buyer's request

Duct & Fuel Pipe Repair Manual        DFPRM       ON       SGML        E       180
                                      DFPRM      OFF       SGML        E       180   If selected by the Buyer, SGML format
                                                                                     will not be automatically supplied.
                                                                                     Effective delivery will only take place
                                                                                     upon explicit request from the Buyer

Component Maintenance Manual -        CMMV        ON        PDF        E       180   Consultation from the Supplier Technical
Vendor                                                                               Data On-Line Service on Airbus Customer
                                                                                     Portal
                                      CMMV       OFF       CD-P        E       180   Supplied by Vendors

Component Documentation Status        CDS         ON     Advanced      C       180   Revised until 180 days after Aircraft
                                                       Consultation                  Delivery
                                                           Tool
                                      CDS        OFF     Advanced      C       180
                                                       Consultation
                                                           Tool

Component Evolution List              CEL         ON        PDF        G        --   Delivered as follow-up to CDS
                                      CEL        OFF       CD-P        G        --
</TABLE>

                                Exhibit G - 13/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
            NOMENCLATURE              ABBR  AVAIL      FORM      TYPE     DELIV                 COMMENTS
            ------------              ----  -----      ----      ----     -----                 --------
<S>                                   <C>   <C>    <C>           <C>      <C>    <C>
ENGINEERING DOCUMENTS

Mechanical Drawings                   MD      ON     Advanced      C         0   On-line Consultation from Engineering
                                                   Consultation                  Drawings Service
                                                       Tool

Parts Usage (Effectivity)             PU      ON     Advanced      C         0   On-line Consultation from Engineering
                                                   Consultation                  Drawings Service
                                                       Tool

Parts List                            PL      ON     Advanced      C   *     0   On-line Consultation from Engineering
                                                   Consultation                  Drawings Service
                                                       Tool

Standards Manual                      SM      ON       SGML        E        90
                                      SM     OFF       SGML        E        90   If selected by the Buyer, SGML format
                                                                                 will not be automatically supplied.
                                                                                 Effective delivery will only take place
                                                                                 upon explicit request from the Buyer

Process and Material Specification    PMS     ON        PDF        G         0
                                      PMS    OFF       CD-P        G         0
</TABLE>

                                Exhibit G - 14/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
              NOMENCLATURE                  ABBR   AVAIL      FORM      TYPE     DELIV                 COMMENTS
              ------------                  ----   -----      ----      ----     -----                 --------
<S>                                       <C>      <C>    <C>           <C>      <C>    <C>
MISCELLANEOUS PUBLICATIONS

Aircraft Characteristics for Airport      AC/MFP     ON        PDF        E       360
and Maintenance Facility Planning

ATA 100 Breakdown Index                   ATAB       ON        PDF        E       360   6 Digits ATA 100 Breakdown Index

C@DETS (Technical Data Training Tool)     C@DETS    OFF     Advanced      G       360   Training Tool applicable to major
                                                          Consultation                  technical Data (AMM/TSM/ IPC/ WDM/
                                                           Tool on CD                   SRM / NTM) and to associated Data.
                                          C@DETS     ON        PDF        G       360

Aircraft Recovery Manual                  ARM        ON        PDF        E        90
                                          ARM       OFF       CD-P        E        90

Aircraft Rescue & Firefighting Chart      ARFC       ON        PDF        E       180
                                          ARFC      OFF        P1*        E       180   *    Refers to a one-side printed
                                                                                             document

List of Effective Technical Data          LETD       ON        PDF        C        90

List of Radioactive and Hazardous         LRE        ON        PDF        G   *    90
Elements
                                          LRE       OFF       CD-P        G        90

Live Animal Transportation Calculation    LATC       ON     Advanced      E        90
Tool                                                      Consultation
                                                              Tool
                                          LATC      OFF     Advanced      E        90
                                                          Consultation
                                                               Tool

Service Bulletins                         SB         ON     Advanced      C         0
                                                          Consultation
                                                              Tool
                                          SB         ON       SGML        C         0
                                          SB        OFF       SGML        C         0
                                          SB         ON     PDF (**)      C         0   (**) NOTE: This Manual will be
                                                                                             provided, only if it's still
                                                                                             produced in this format by the
                                                                                             Seller, at the time of the
                                                                                             delivery date.
                                          SB        OFF       CD-P        C         0
</TABLE>

                                Exhibit G - 15/16

<PAGE>

                                                                       EXHIBIT G

<TABLE>
<CAPTION>
              NOMENCLATURE                  ABBR   AVAIL      FORM      TYPE     DELIV                 COMMENTS
              ------------                  ----   -----      ----      ----     -----                 --------
<S>                                       <C>      <C>    <C>           <C>      <C>    <C>
Supplier Product Support Agreements 2000  SPSA       ON        PDF        G       360   Based on General Conditions of
                                                                                        Purchase (GCP) 2000 Issue 5
                                          SPSA      OFF       CD-P        G       360

Transportability Manual                   TM         ON        PDF        E       180
                                          TM        OFF       CD-P        E       180

Vendor Information Manual                 VIM        ON     Advanced      G   *   360
                                                          Consultation
                                                              Tool
                                          VIM       OFF     Advanced      G       360
                                                          Consultation
                                                              Tool
                                          VIM/GSE    ON     Advanced      G       360
                                                          Consultation
                                                              Tool
</TABLE>

                                Exhibit G - 16/16

<PAGE>

                                                                     EXHIBIT "H"

                                   EXHIBIT "H"

                                    MATERIAL

                               SUPPLY AND SERVICES

                                Exhibit H - 1/24

<PAGE>

                                                                     EXHIBIT "H"

1              GENERAL

1.1            This Exhibit defines the terms and conditions for the material
               support services offered by the Seller to the Buyer in the
               following areas:

               -    Initial provisioning of data and material

               -    Replenishment of material

               -    Lease of certain Seller Parts

1.1.1          Capitalized terms used herein and not otherwise defined in this
               Exhibit "H" shall have the same meanings assigned thereto in the
               Agreement.

1.1.2          References made to Clauses or sub-Clauses shall refer to Clauses
               or sub-Clauses of this Exhibit "H" unless otherwise specified.

1.2            SCOPE OF MATERIAL SUPPORT

               Material is classified into the following categories (hereinafter
               referred to as "MATERIAL"):

               (i)  Seller Parts (Seller's proprietary Material bearing an
                    official part number of the Seller or Material for which the
                    Seller has the exclusive sales rights);

               (ii) Supplier Parts classified as Repairable Line Maintenance
                    Parts in accordance with SPEC 2000;

               (iii) Supplier Parts classified as Expendable Line Maintenance
                    Parts in accordance with SPEC 2000;

               (iv) Ground Support Equipment and Specific (To Type) Tools.

1.2.1          Certain Seller Parts listed in Appendix A of Clause 6 of Exhibit
               H are available for lease by the Seller to the Buyer.

1.2.2          The Material support to be provided hereunder by the Seller
               covers items classified as Material in sub-Clauses 1.2 (i) thru
               (iv) both for initial provisioning as described in Clause 2
               ("INITIAL PROVISIONING") and for replenishment as described in
               Clause 3.

               Repairable Line Maintenance Parts as specified in sub-Clauses 1.2
               (i) and 1.2 (ii) above having less than fifty (50) flight-hours
               are considered as new.

1.2.3          Engines, quick engine change kit accessories and parts, including
               associated parts, are not covered under this Exhibit "H" and
               shall be subject to direct agreements between the Buyer and the
               relevant Engines Manufacturer. The Seller shall use its
               reasonable efforts to assist the Buyer in case of any
               difficulties with availability of Engines and associated spare
               parts.

1.2.4          During a period commencing on the date hereof and continuing for
               as long as at least five (5) aircraft of (each of) the model(s)
               covered under this Agreement are operated in commercial air
               transport service (the "TERM"), the Seller shall maintain or have
               maintained such stock of Seller Parts as is deemed reasonable by
               the Seller and shall

                                Exhibit H - 2/24

<PAGE>

                                                                     EXHIBIT "H"

               furnish at reasonable prices Seller Parts adequate to meet the
               Buyer's needs for maintenance of the Aircraft.

               The Seller shall use its reasonable efforts to obtain a similar
               service from all Suppliers of parts which are originally
               installed on the Aircraft and not manufactured by the Seller.

1.3            AIRBUS SPARES SUPPORT AND SERVICES HEADQUARTER

1.3.1          The Seller has established its Airbus Spares Support Centre in
               HAMBURG, FEDERAL REPUBLIC OF GERMANY ("AIRBUS SPARES SUPPORT
               CENTRE") and shall maintain or cause to be maintained during the
               Term a central store of Seller Parts.

1.3.2          The Airbus Spares Support Centre is operated twenty-four (24)
               hours/day and seven (7) days/week.

1.3.3          The Seller reserves the right to effect deliveries from
               distribution centres other than Airbus Spares Support Centre or
               from any designated production or Suppliers' facilities.

               For efficient and convenient deliveries, the Seller and its
               Affiliate companies operate regional satellite stores.

1.4            AGREEMENTS OF THE BUYER

1.4.1          The Buyer agrees to purchase from the Seller or its licensee(s)
               ("the Licensees") the Seller Parts required for the Buyer's own
               needs during the Term, provided that the provisions of this
               Clause 1.4 shall not in any way prevent the Buyer from resorting
               to the Seller Parts stocks of other operators using the same
               Aircraft or from purchasing Seller Parts from said operators or
               from distributors, provided said Seller Parts have been designed
               by the Seller and manufactured by the Seller or its Licensee(s).

1.4.2          The Buyer may manufacture or have manufactured for its own use
               without paying any license fee to the Seller parts equivalent to
               Seller Parts:

1.4.2.1        after expiration of the Term if at such time the Seller Parts are
               out of stock,

1.4.2.2        at any time, to the extent Seller Parts are needed to effect
               aircraft on ground ("AOG") repairs upon any Aircraft delivered
               under the Agreement and are not available from the Seller or its
               Licensees within a lead time shorter than or equal to the time in
               which the Buyer can procure such Seller Parts, and provided the
               Buyer shall not sell such Seller Parts,

1.4.2.3        in the event that the Seller fails to fulfil its obligations with
               respect to any Seller Parts pursuant to Clause 1.2 within a
               reasonable time after written notice thereof from the Buyer,

1.4.2.4        in those instances where a Seller Part is identified as "Local
               Manufacture" in the Illustrated Parts Catalog (IPC).

                                Exhibit H - 3/24

<PAGE>

                                                                     EXHIBIT "H"

1.4.3.         The rights granted to the Buyer in Clause 1.4.2 shall not in any
               way be construed as a license, nor shall they in any way obligate
               the Buyer to the payment of any license fee or royalty, nor shall
               they in any way be construed to affect the rights of third
               parties.

1.4.4          Furthermore, in the event of the Buyer manufacturing or having
               manufactured any parts, subject to the conditions of Clause
               1.4.2, such manufacturing and any use made of the manufactured
               part shall be under the sole liability of the Buyer and the
               consent given by the Seller shall not be construed as express or
               implicit approval howsoever either of the Buyer or of the
               manufactured parts.

               It shall further be the Buyer's responsibility to ensure that
               such manufacturing is performed in accordance with the relevant
               procedures and Aviation Authority requirements.

1.4.5          The Buyer shall allocate or cause to be allocated its own
               partnumber to any part manufactured or caused to be manufactured
               subject to Clause 1.4.2 above. The Buyer shall not be allowed to
               use or cause to be used the Airbus Partnumber of the Seller Part
               to which such manufactured part is equivalent.

1.4.6          Notwithstanding any right provided to the Buyer under Clause
               1.4.2, the Buyer shall not be entitled under any circumstances to
               sell any part manufactured or caused to be manufactured under
               Clause 1.4.2 to any third party.

                                Exhibit H - 4/24

<PAGE>

                                                                     EXHIBIT "H"

2              INITIAL PROVISIONING

2.1            INITIAL PROVISIONING PERIOD

               The INITIAL PROVISIONING PERIOD is defined as the period up to
               and expiring on the ninetieth (90th) day after Delivery of the
               last Aircraft subject to firm order under the Agreement.

2.2            PRE-PROVISIONING MEETING

2.2.1          The Seller shall organize a pre-provisioning meeting
               ("PRE-PROVISIONING MEETING") at its Airbus Spares Support Centre
               for the purpose of formulating an acceptable schedule and working
               procedure to accomplish the initial provisioning of Material.

2.2.2          The date of the meeting shall be mutually agreed upon by the
               Buyer and the Seller, allowing a minimum preparation time of
               eight (8) weeks for the Initial Provisioning Conference referred
               to in Clause 2.4 below.

2.3            INITIAL PROVISIONING TRAINING

               Upon the request of the Buyer, the Seller shall provide Initial
               Provisioning training for the Buyer's provisioning and purchasing
               personnel: *

               The following areas shall be covered:

               (i)  The Seller during the Pre-Provisioning Meeting shall
                    familiarize the Buyer with the provisioning documents.

               (ii) The technical function as well as the necessary technical
                    and commercial Initial Provisioning Data shall be explained
                    during or prior to the Initial Provisioning Conference.

               (iii) A familiarization with the Seller's purchase order
                    administration system shall be conducted during the Initial
                    Provisioning Conference.

2.4            INITIAL PROVISIONING CONFERENCE

               The Seller shall organize an Initial Provisioning conference
               ("INITIAL PROVISIONING CONFERENCE") at the Airbus Spares Support
               Centre, including participation of major Suppliers, which Initial
               Provisioning Conference shall take place on the date mutually
               agreed upon during the Pre-Provisioning Meeting.

               Such conference shall not take place earlier than eight (8) weeks
               after Manufacturer Serial Number allocation, Buyer Furnished
               Equipment selection or Contractual Definition Freeze of the first
               Aircraft, whichever is the latest.

                                       *

                                Exhibit H - 5/24

<PAGE>

                                                                     EXHIBIT "H"

2.5            SELLER-SUPPLIED DATA

               The Seller shall prepare and supply to the Buyer the data set
               forth hereunder.

2.5.1          INITIAL PROVISIONING DATA

               Initial Provisioning data elements generally in accordance with
               SPEC 2000, Chapter 1, ("INITIAL PROVISIONING DATA") shall be
               supplied by the Seller to the Buyer in a form, format and a
               time-scale to be mutually agreed upon during the Pre-Provisioning
               Meeting.

2.5.1.1        Revision service shall be provided every ninety (90) days, up to
               the end of the Initial Provisioning Period.

2.5.1.2        In any event, the Seller shall ensure that Initial Provisioning
               Data is released to the Buyer in due time to give the Buyer
               sufficient time to perform any necessary evaluation and allow the
               on-time delivery of any ordered Material.

2.5.2          SUPPLEMENTARY DATA

               The Seller shall provide the Buyer with supplementary data to the
               Initial Provisioning Data, including Local Manufacture Tables
               (X-File) and Ground Support Equipment and Specific (To-Type)
               Tools (W-File) in accordance with SPEC 2000, Chapter 1.

2.5.3          DATA FOR STANDARD HARDWARE

               The Initial Provisioning Data provided to the Buyer shall include
               data for hardware and standard material.

2.6            SUPPLIER-SUPPLIED DATA

2.6.1          GENERAL

               The Seller shall obtain from Suppliers agreements to prepare and
               issue for their own products as per Clause 1.2 (ii)
               repair/overhaul Initial Provisioning Data in the English
               language, for those components for which the Buyer has elected to
               receive data.

               Said data (initial issue and revisions) shall be transmitted to
               the Buyer through the Suppliers and/or the Seller. The Seller
               shall not be responsible for the substance of such data.

               In any event, the Seller shall exert its reasonable efforts to
               supply such Data to the Buyer in due time to give the Buyer
               sufficient time to perform any necessary evaluation and allow
               on-time deliveries.

                                Exhibit H - 6/24

<PAGE>

                                                                     EXHIBIT "H"

2.6.2          INITIAL PROVISIONING DATA

               Initial Provisioning Data elements for Supplier Parts as per
               sub-Clause 1.2 (ii) generally in accordance with SPEC 2000,
               Chapter 1, shall be furnished as mutually agreed upon during a
               Pre-Provisioning Meeting with revision service assured up to the
               end of the Initial Provisioning period.

2.7            INITIAL PROVISIONING DATA COMPLIANCE

2.7.1          Initial Provisioning Data generated by the Seller and supplied to
               the Buyer shall comply with the latest configuration of the
               Aircraft to which such data relate as known three (3) months
               before the date of issue. Said data shall enable the Buyer to
               order Material conforming to its Aircraft as required for
               maintenance and overhaul.

               This provision shall not cover:

               -    Buyer modifications not known to the Seller,

               -    modifications not agreed to by the Seller.

2.8            COMMERCIAL OFFER

2.8.1          At the end of the Initial Provisioning Conference, the Seller
               shall, at the Buyer's request, submit a commercial offer for all
               Material as defined in Clauses 1.2 (i) thru 1.2 (iv) mutually
               agreed as being Initial Provisioning based on the Seller's sales
               prices valid at the time of finalization of the Initial
               Provisioning Conference. This commercial offer shall be valid for
               a period to be mutually agreed upon, irrespective of any price
               changes for Seller Parts during this period, except for
               significant error and/or price alterations due to part number
               changes and/or Supplier price changes.

2.8.2          During the Initial Provisioning Period the Seller shall supply
               Material, as defined in Clause 1.2 and ordered from the Seller,
               which shall be in conformity with the configuration standard of
               the concerned Aircraft and with the Initial Provisioning Data
               transmitted by the Seller.

2.8.3          The Seller shall in addition use its reasonable efforts to cause
               Suppliers to provide a similar service for their items.

2.9            DELIVERY OF INITIAL PROVISIONING MATERIAL

2.9.1          To cover the requirements in Material for entry into service of
               the Aircraft, the Seller shall use its reasonable efforts to
               deliver Material ordered during the Initial Provisioning Period
               against the Buyer's orders and according to a mutually agreed
               schedule. Such deliveries shall cover the Material requirements
               in line with the Aircraft fleet build up, only up to that portion
               of the ordered quantity that is recommended for the number of
               Aircraft operated during the Initial Provisioning Period.

               The Seller shall in addition use its reasonable efforts to cause
               Suppliers to provide to the Buyer a similar service for their
               items.

                                Exhibit H - 7/24

<PAGE>

                                                                     EXHIBIT "H"

2.9.2          The Buyer may, subject to the Seller's agreement, cancel or
               modify Initial Provisioning orders placed with the Seller, with
               no cancellation charge, not later than the quoted lead-time
               before scheduled delivery of said Material.

2.9.3          In the event of the Buyer cancelling or modifying (without any
               liability of the Seller for the cancellation or modification) any
               orders for Material outside the time limits defined in Clause
               2.9.2, the Buyer shall reimburse the Seller for any costs
               incurred in connection therewith.

2.9.4          All transportation costs for the return of Material under this
               Clause 2, including any insurance, customs and duties applicable
               or other related expenditures, shall be borne by the Buyer.

2.10           INITIAL PROVISIONING DATA FOR EXERCISED OPTIONS

2.10.1         All Aircraft for which the Buyer exercises its option shall be
               included into the revision of the provisioning data that is
               issued after execution of the relevant amendment to the Agreement
               if such revision is not scheduled to be issued within four (4)
               weeks from the date of execution. If the execution date does not
               allow four (4) weeks preparation time for the Seller, the
               concerned Aircraft shall be included in the subsequent revision
               as may be mutually agreed upon.

2.10.2         The Seller shall, from the date of execution of the relevant
               amendment to the Agreement until three (3) months after Delivery
               of each Aircraft, submit to the Buyer details of particular
               Supplier components being installed on each Aircraft, with
               recommendations regarding order quantity. A list of such
               components shall be supplied at the time of the provisioning data
               revision as specified above.

2.10.3         The data concerning Material shall at the time of each Aircraft
               Delivery at least cover such Aircraft's technical configuration
               as it existed six (6) months prior to Aircraft Delivery and shall
               be updated to reflect the final status of the concerned Aircraft
               once manufactured. Such update shall be included in the data
               revisions issued three (3) months after Delivery of such
               Aircraft.

                                Exhibit H - 8/24

<PAGE>

                                                                     EXHIBIT "H"

3              REPLENISHMENT AND DELIVERY

3.1            GENERAL

               Buyer's purchase orders are administered in accordance with SPEC
               2000, Chapter 3.

               For the purpose of clarification it is expressly stated that the
               provisions of Clause 3.2 do not apply to Initial Provisioning
               Data and Material as described in Clause 2.

3.2            LEAD TIMES

               In general, lead times are in accordance with the provisions of
               the "World Airlines and Suppliers' Guide" (Latest Edition).

3.2.1          Seller Parts as per sub-Clause 1.2 (i) listed in the Seller's
               Spare Parts Price Catalog can be dispatched within the lead times
               defined in the Spare Parts Price Catalog.

               Lead times for Seller Parts, which are not published in the
               Seller's Spare Parts Price Catalog, are quoted upon request.

3.2.2          Material of sub-Clauses 1.2 (ii) thru 1.2 (iv) can be dispatched
               within the Supplier's lead-time augmented by the Seller's own
               order and delivery processing time.

3.2.3          EXPEDITE SERVICE

               The Seller shall provide a twenty-four (24) hours-a-day, seven
               (7) days-a-week expedite service to provide for the supply of the
               relevant Seller Parts available in the Seller's stock, workshops
               and assembly line including long lead time spare parts, to the
               international airport nearest to the location of such part
               ("EXPEDITE SERVICE").

3.2.3.1        The Expedite Service is operated in accordance with the "World
               Airlines and Suppliers' Guide", and the Seller shall notify the
               Buyer of the action taken to satisfy the expedite within:

               -    four (4) hours after receipt of an AOG Order,

               -    twenty-four (24) hours after receipt of a Critical Order
                    (imminent AOG or work stoppage).

               -    seven (7) days after receipt of an Expedite Order from the
                    Buyer.

3.2.3.2        The Seller shall deliver Seller Parts requested on an Expedite
               basis against normal orders placed by the Buyer, or upon
               telephone or telex requests by the Buyer's representatives. Such
               telephone or telex requests shall be confirmed by subsequent
               Buyer's orders for such Seller Parts within a reasonable time.

                                Exhibit H - 9/24

<PAGE>

                                                                     EXHIBIT "H"

3.3            DELIVERY STATUS

               The Seller shall make available to the Buyer on the Airbus Spares
               Portal the status of supplies against orders.

3.4            EXCUSABLE DELAY

               Clause 10.1 of the Agreement shall apply to the Material support.

3.5            SHORTAGES, OVERSHIPMENTS, NON-CONFORMITY IN ORDERS

3.5.1          The Buyer shall immediately and not later than thirty (30) days
               after receipt of Material delivered pursuant to a purchase order
               advise the Seller.

               a)   of any alleged shortages or overshipments with respect to
                    such order,

               b)   of all non-conformities to specification of parts in such
                    order subjected to inspections by the Buyer.

               In the event of the Buyer not having advised the Seller of any
               such alleged shortages, overshipments or non-conformity within
               the above defined period, the Buyer shall be deemed to have
               accepted the deliveries.

3.5.2          In the event of the Buyer reporting overshipments or
               non-conformity to the specifications within the period defined in
               Clause 3.5.1 the Seller shall, if the Seller accepts such
               overshipment or non-conformity, either replace the concerned
               Material or credit the Buyer for the returned Material. In such
               case, transportation costs shall be borne by the Seller.

               The Buyer shall endeavour to minimize such costs, particularly
               through the use of its own airfreight system for transportation
               at no charge to the Seller.

3.6            PACKAGING

               All Material shall be packaged in accordance with ATA 300
               Specification, Category III for consumable/expendable material
               and Category II for rotables. Category I containers shall be used
               if requested by the Buyer and the difference between Category I
               and Category II packaging costs shall be paid by the Buyer
               together with payment for the respective Material.

3.7            CESSATION OF DELIVERIES

               The Seller reserves the right to restrict, stop or otherwise
               suspend deliveries if the Buyer fails to meet its obligations
               defined in Clauses 4.2 thru 4.4.

                                Exhibit H - 10/24

<PAGE>

                                                                     EXHIBIT "H"

4              COMMERCIAL CONDITIONS

4.1            PRICE

4.1.1          The Material prices shall be:

               -    Free Carrier (FCA) the Airbus Spares Support Centre for
                    deliveries from the Airbus Spares Support Centre.

               -    Free Carrier (FCA) place specified by the Seller for
                    deliveries from other Seller or Supplier facilities as the
                    term Free Carrier (FCA) is defined by the publication
                    No 560 of the International Chamber of Commerce published
                    in January 2000.

4.1.2          Prices shall be the Seller's sales prices in effect on the date
               of receipt of the order (subject to reasonable quantities and
               delivery time) and shall be expressed in US-Dollars.

4.1.3          Prices of Seller Parts shall be in accordance with the current
               Seller's Spare Parts Price Catalog. Prices shall be firm for each
               calendar year. The Seller, however, reserves the right to revise
               the prices of said parts during the course of the calendar year
               in the following cases:

               -    significant revision in manufacturing costs,

               -    significant revision in manufacturer's purchase price of
                    parts or materials (including significant variation of
                    exchange rates),

               -    significant error in estimation or expression of any price.

4.1.4          Prices of Material as defined in sub-Clauses 1.2 (ii) thru 1.2
               (iv) shall be the valid list prices of the Supplier augmented by
               the Seller's handling charge. The percentage of the handling
               charge shall vary with the Material's value and shall be
               determined item by item.

4.2            PAYMENT PROCEDURES AND CONDITIONS

4.2.1          Payment shall be made in immediately available funds in the
               quoted currency. In case of payment in any other free convertible
               currency, the exchange rate valid on the day of actual money
               transfer shall be applied for conversion.

4.2.2          Payment shall be made by the Buyer to the Seller within thirty
               (30) days from date of the invoice to the effect that the value
               date of the credit to the Seller's account of the payment falls
               within this thirty (30) day period.

                                Exhibit H - 11/24

<PAGE>

                                                                     EXHIB1T "H"

4.2.3          The Buyer shall make all payments hereunder to the Seller's
               account with:

               VEREINS & WESTBANK AG-20457 Hamburg-Germany

               Account: 910 057 777

               Swift Address: VUWB DE HH,

               using international IBAN Code: DE61 200 300 000 910 057 777

               or as otherwise directed by the Seller.

4.2.4          All payments due to the Seller hereunder shall be made in full
               without set-off, counterclaim, deduction or withholding of any
               kind. Consequently, the Buyer shall procure that the sums
               received by the Seller under this Exhibit "H" shall be equal to
               the full amounts expressed to be due to the Seller hereunder,
               without deduction or withholding on account of and free from any
               and all taxes, levies, imposts, dues or charges of whatever
               nature except that if the Buyer is compelled by law to make any
               such deduction or withholding the Buyer shall pay such additional
               amounts as may be necessary in order that the net amount received
               by the Seller after such deduction or withholding shall equal the
               amounts which would have been received in the absence of such
               deduction or withholding.

4.2.5          If any payment due to the Seller is not received in accordance
               with the timescale provided in Clause 4.2.2, without prejudice to
               the Seller's other rights under this Exhibit "H", the Seller
               shall be entitled to interest for late payment calculated on the
               amount due from and including the due date of payment up to and
               including the date when the payment is received by the Seller at
               a rate equal to the London Interbank Offered Rate (LIBOR) for *
               months deposits in US Dollars (as published in the Financial
               Times on the due date) plus * per year (part year to be
               prorated).

4.3            *

4.4            TITLE

               Title to any Material purchased under this Exhibit "H" remains
               with the Seller until full payment of the invoices and any
               interest thereon has been received by the Seller.

               The Buyer shall undertake that Material, title to which has not
               passed to the Buyer, shall be kept free from any debenture or
               mortgage or any similar charge or claim in favour of any third
               party.

4.5            BUY-BACK

4.5.1          BUY-BACK OF OBSOLETE MATERIAL

               The Seller agrees to buy back unused Seller Parts which may
               become obsolete up to * months after Delivery of the first
               Aircraft to the Buyer as a result of mandatory modifications
               required by the Buyer's or the Seller's Aviation Authorities,

                                Exhibit H - 12/24

<PAGE>

                                                                     EXHIBIT "H"

               subject to the following:

4.5.1.1        The Seller Parts involved shall be those, which the Buyer is
               directed by the Seller to scrap or dispose of and which cannot be
               reworked or repaired to satisfy the revised standard.

4.5.1.2        The Seller shall credit to the Buyer the purchase price paid by
               the Buyer for any such obsolete parts, provided that the Seller's
               liability in this respect does not extend to quantities in
               excess of the Seller's Initial Provisioning recommendation.

4.5.1.3        The Seller shall use its reasonable efforts to obtain for the
               Buyer the same protection from Suppliers.

4.5.2          BUY-BACK OF INITIAL PROVISIONING SURPLUS MATERIAL

4.5.2.1        The Seller agrees that at any time after * and within * after
               Delivery of the first Aircraft to the Buyer, the Buyer shall have
               the right to return to the Seller, at a credit of * of the
               original purchase price paid by the Buyer, unused and undamaged
               Material as per sub-Clause 1.2 (i) and at a credit of * of the
               original Supplier list price, unused and undamaged Material as
               per sub-clause 1.2 (ii) originally purchased from the Seller
               under the terms hereof, provided that the selected protection
               level does not exceed * with a transit time of * and said
               Material was recommended for the Buyer's purchase in the Seller's
               Initial Provisioning recommendations to the Buyer and does not
               exceed the provisioning quantities recommended by the Seller, and
               is not shelflife limited, or does not contain any shelflife
               limited components with less than * shelflife remaining when
               returned to the Seller and provided that the Material is returned
               with the Seller's original documentation (tag, certificates).

4.5.2.2        In the event of the Buyer electing to procure Material in excess
               of the Seller's recommendation, the Buyer shall notify the Seller
               thereof in writing, with due reference to the present Clause. The
               Seller's agreement in writing is necessary before any Material in
               excess of the Seller's recommendation shall be considered for
               buy-back.

4.5.2.3        It is expressly understood and agreed that the rights granted to
               the Buyer under this Clause 4.5.2 shall not apply to Material
               which may become surplus to requirements due to obsolescence at
               any time or for any reason other than those set forth in Clause
               4.5.1 above.

4.5.2.4        Further, it is expressly understood and agreed that all credits
               described in this Clause 4.5.2 shall be provided by the Seller to
               the Buyer exclusively by means of credit notes to be entered into
               the Buyer's spares account with the Seller.

4.5.3          All transportation costs for the return of obsolete or surplus
               Material under this Clause 4, including any insurance and customs
               duties applicable or other related expenditures, shall be borne
               by the Buyer.

4.6            INVENTORY USAGE DATA

               The Buyer undertakes to provide periodically to the Seller a
               quantitative list of the

                                Exhibit H - 13/24

<PAGE>

                                                                     EXHIBIT "H"

               parts used for maintenance and overhaul of the Aircraft. The
               range and contents of this list shall be established according to
               SPEC 2000, Chapter 5, or as mutually agreed between the Seller
               and the Buyer.

                                Exhibit H - 14/24

<PAGE>

                                                                    EXHIBIT "H"

5.             WARRANTIES

5.1            SELLER PARTS

               Subject to the limitations and conditions as hereinafter
               provided, the Seller warrants to the Buyer that all Seller Parts
               in sub-Clause 1.2 (i) shall at delivery to the Buyer:

               (i)  be free from defects in material.

               (ii) be free from defects in workmanship, including without
                    limitation processes of manufacture,

               (iii) be free from defects arising from failure to conform to
                    the applicable specification for such part.

5.2            WARRANTY PERIOD

5.2.1          The standard warranty period for new Seller Parts is * months
               after delivery of such parts to the Buyer.

5.2.2          The standard warranty period for used Seller Parts delivered by
               and/or repaired, modified, overhauled or exchanged by the Seller
               is * after delivery of such parts to the Buyer.

5.3            BUYER'S REMEDY AND SELLER'S OBLIGATION

               The Buyer's remedy and Seller's obligation and liability under
               this Clause 5 are limited to the repair, replacement or
               correction, at the Seller's expenses and option, of any Seller
               Part which is defective.

               The Seller may equally at its option furnish a credit to the
               Buyer for the future purchase of Seller Parts equal to the price
               at which the Buyer is then entitled to acquire a replacement for
               the defective Seller Parts.

               The provisions of Clauses 12.1.5 thru 12.1.10 of the Agreement
               shall apply to this Clause 5 of this Exhibit "H".

                                Exhibit H - 15/24

<PAGE>

                                                                     EXHIBIT "H"

5.4            WAIVER, RELEASE AND RENUNCIATION

               THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE SELLER AND/OR
               ITS SUPPLIERS AND REMEDIES OF THE BUYER SET FORTH IN THIS CLAUSE
               5 ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE BUYER HEREBY
               WAIVES, RELEASES AND RENOUNCES, ALL OTHER WARRANTIES, OBLIGATIONS
               AND LIABILITIES OF THE SELLER AND/OR ITS SUPPLIERS AND RIGHTS,
               CLAIMS AND REMEDIES OF THE BUYER AGAINST THE SELLER, ITS
               SUPPLIERS AND/OR THEIR INSURERS EXPRESS OR IMPLIED, ARISING BY
               LAW OR OTHERWISE WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN
               ANY MATERIAL DELIVERED UNDER THIS AGREEMENT INCLUDING BUT NOT
               LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS (GARANTIE DES VICES
                    CACHES);

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

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

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

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

               THE SELLER AND/OR ITS SUPPLIERS SHALL HAVE NO OBLIGATION OR
               LIABILITY, HOWSOEVER ARISING, FOR LOSS OF USE, REVENUE OR PROFIT
               OR FOR ANY OTHER DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES
               WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY MATERIAL
               DELIVERED UNDER THIS AGREEMENT.

               FOR THE PURPOSES OF THIS CLAUSE 5.4, "THE SELLER" SHALL INCLUDE
               THE SELLER, ITS AFFILIATES AND ANY OF THEIR RESPECTIVE INSURERS.

                               Exhibit H - 16/24

<PAGE>

                                                                     EXHIBIT "H"
6              SELLER PARTS LEASING

6.1            GENERAL

               The terms and conditions of this Clause 6 shall apply for the
               leasing of Seller Parts listed in Appendix A to this Clause 6,
               hereinafter "LEASED PARTS" or a "LEASED PART", and shall form a
               part of each lease of Seller Parts by the Buyer from the Seller.

6.1.1          The terms and conditions of this Clause 6 shall prevail over all
               other terms and conditions appearing on any order form or other
               document pertaining to Leased Parts. The Seller's current
               proprietary parts Repair Guide shall be provided to the Buyer and
               shall be used, along with this Agreement, as the basis for Seller
               Parts lease transactions between the Buyer and the Seller. In
               case of discrepancy, this Agreement shall prevail.

6.1.2          For the purposes of this Clause 6, the term "LESSOR" refers to
               the Seller and the term "LESSEE" refers to the Buyer.

6.1.3          Parts not included in Appendix A to this Clause 6 shall be the
               subject of a separate lease agreement supplied by the Seller at
               the Buyer's request.

6.2            LEASING PROCEDURE

               Upon the Lessee's request by telephone (to be confirmed promptly
               in writing), facsimile, cable, SITA, letter or other written
               instrument, the Lessor shall lease such Leased Parts, which shall
               be made available in accordance with Clause 3.2.3 for the purpose
               of being substituted for a part removed from an Aircraft for
               repair or overhaul. * Each lease of Leased Parts shall be
               evidenced by a lease document (hereinafter "LEASE") issued by the
               Lessor to the Lessee not later than seven (7) days after delivery
               of the Leased Part.

6.3            LEASE PERIOD

6.3.1          The total term of the Lease (hereinafter "LEASE PERIOD") shall be
               counted from inclusively the day the Leased Part is delivered
               Free Carrier (FCA) up to inclusively the day of receipt of the
               Leased Part back at the Lessor or at any other address indicated
               by the Lessor.

6.3.2          If a Leased Part is not returned by the Lessee within * days, the
               Lease shall be converted into a sale. Should the Lessee not
               return the Leased Part to the Lessor within * days and if the
               Lessor so elects, by giving prompt written notice to the Lessee,
               such non return shall be deemed to be an election by the Lessee
               to purchase the Leased Part and, upon the happening of such
               event, the Lessee shall pay the Lessor all amounts due under
               Clauses 6.4 and 6.8 for the Leased Part for the Lease Period of *
               days plus the current sales price of the Leased Part at the
               moment of the conversion of the Lease.

                                Exhibit H - 17/24

<PAGE>

                                                                     EXHIBIT "H"

6.3.3          Notwithstanding the foregoing, the Lease Period shall end in the
               event of, and upon the date that, the Lessee acquiring title to a
               Leased Part as a result of exercise of the Lessee's option to
               purchase the Leased Part, as provided for herein.

6.3.4          The chargeable period to lease a part is a minimum of * days. If
               the shipment of the Leased Part has been arranged and the Lessee
               cancels the lease order, the minimum chargeable period of * shall
               apply.

6.4            LEASE CHARGES AND TAXES

               The Lessee shall pay the Lessor:

               (i)  a Lease fee per day of the Lease Period amounting to one
                    three hundred and sixty fifth (1/365th) of the part's sales
                    price as set forth in the Seller's Spare Parts Price Catalog
                    in effect on the date of the commencement of the Lease
                    Period;

               (ii) any reasonable additional costs which may be incurred by the
                    Lessor as a direct result of such Lease, such as
                    recertification, inspection, test, repair, overhaul, removal
                    of paint and/or repackaging costs as required to place the
                    Leased Part in a satisfactory condition for lease to a
                    subsequent customer;

               (iii) all transportation and insurance charges; and

               (iv) any taxes, charges or custom duties imposed upon the Lessor
                    or its property as a result of the Lease, sale, delivery,
                    storage or transfer of any Leased Part. All payments due
                    hereunder shall be made in accordance with Clause 4.

6.5            RISK OF LOSS, MAINTENANCE, STORING AND REPAIR OF THE LEASED PART

               (i)  The Lessee shall be liable for maintaining and storing the
                    Leased Part in accordance with all applicable rules of the
                    relevant aviation authorities and the technical
                    documentation and other instructions issued by the Lessor.

               (ii) Except for normal wear and tear, each Leased Part shall be
                    returned to the Lessor in the same condition as when
                    delivered to the Lessee.

               (iii) The Leased Part shall be repaired solely at repair stations
                    approved by the Lessor. If during the Lease Period any
                    inspection, maintenance, rework and/or repair is carried out
                    to maintain the Leased Part serviceable, in accordance with
                    the standards of the Lessor, the Lessee shall provide
                    details and documentation about the scope of the work
                    performed, including respective inspection, work and test
                    reports.

               (iv) All documentation shall include, but not be limited to,
                    evidence of incidents such as hard landings, abnormalities
                    of operation and corrective action taken by the Lessee as a
                    result of such incidents.

               (v)  The Leased Part must not be lent to a third party.

               (vi) Risk of loss or damage to each Leased Part shall remain with
                    the Lessee until

                                Exhibit H - 18/24

<PAGE>

                                                                     EXHIBIT "H"

               such Leased Part is redelivered to the Lessor at the return
               location specified in the applicable Lease. If a Leased Part is
               lost, damaged beyond economical repair or damaged unrepairable,
               the Lessee shall be deemed to have exercised its option to
               purchase said Leased Part in accordance with Clause 6.8 as of the
               date of such loss or damage.

6.6            TITLE

               Title to each Leased Part shall remain with the Lessor at all
               times unless the Lessee exercises its option to purchase in
               accordance with Clause 6.8, in which case title shall pass to the
               Lessee upon receipt by the Lessor of the payment for the
               purchased Leased Part.

6.7            RETURN OF LEASED PART

6.7.1          The Lessee shall return the Leased Part at the end of the Lease
               Period to the address indicated on the individual lease document
               provided by the Lessor at the start of each Lease transaction.

6.7.2          The return shipping document shall indicate the reference of the
               Lease document and the removal data, such as:

               (i)  aircraft manufacturer serial number

               (ii) removal date

               (iii) total flight hours and flight cycles for the period the
                    Leased Part was installed on the aircraft

               (iv) documentation in accordance with Clause 6.5.

               If the Lessee cannot provide the above mentioned data and
               documentation for the Leased Part to be returned from Lease,
               lease charges of: * of the Lessor's current sales price for a new
               part plus * of the accumulated Lease fees shall be invoiced.
               According to the Lessors quality standards, parts are not
               serviceable without the maintenance history data outlined above
               and have to be scrapped on site.

6.7.3          The unserviceable or serviceable tag issued by the Lessee and the
               original Lessor certification documents must be attached to the
               Leased Part.

6.7.4          Except for normal wear and tear, each Leased Part shall be
               returned to the Lessor in the same condition as when delivered to
               the Lessee. The Leased Part shall be returned with the same
               painting as when delivered (Airbus grey or primary paint). If the
               Lessee is not in a position to return the Leased Part in the same
               serviceable condition, the Lessee has to contact the Lessor for
               instructions.

6.7.5          The Leased Part is to be returned in the same shipping container
               as that delivered by the Lessor. The container must be in a
               serviceable condition, normal wear and tear excepted.

6.7.6          The return of an equivalent part different from the Leased Part
               delivered by the Lessor is not allowed without previous written
               agreement of the Lessor.

                                Exhibit H - 19/24

<PAGE>

                                                                     EXHIBIT "H"

6.8            OPTION TO PURCHASE

6.8.1          The Lessee may at its option, exercisable by written notice given
               to the Lessor during the Lease Period, elect to purchase the
               Leased Part, in which case the then current sales price for such
               Leased Part as set forth in the Seller's Spare Parts Price
               Catalog shall be paid by the Lessee to the Lessor. Should the
               Lessee exercise such option, * of the Lease rental charges due
               pursuant to sub-Clause 6.4 (i) shall be credited to the Lessee
               against said purchase price of the Leased Part.

6.8.2          In the event of purchase, the Leased Part shall be warranted in
               accordance with Clause 5 as though such Leased Part were a Seller
               Part, but the warranty period shall be deemed to have commenced
               on the date such part was first installed on any Aircraft;
               provided, however, that in no event shall such warranty period be
               less than six (6) months from the date of purchase of such Leased
               Part. A warranty granted under this Clause 6.8.2 shall be in
               substitution for the warranty granted under Clause 6.9 at the
               commencement of the Lease Period.

6.9            WARRANTIES

6.9.1          The Lessor warrants that each Leased Part shall at the time of
               delivery be free from defects in material and workmanship which
               could materially impair the utility of the Leased Part.

6.9.2          WARRANTY AND NOTICE PERIODS

               The Lessee's remedy and the Lessor's obligation and liability
               under this Clause 6.9, with respect to each defect, are
               conditioned upon:

               (i)  the defect having become apparent to the Lessee within the
                    Lease Period and

               (ii) the return by the Lessee as soon as practicable to the
                    return location specified in the applicable Lease, or such
                    other place as may be mutually agreed upon, of the Leased
                    Part claimed to be defective and

               (iii) the Lessor's warranty administrator having received written
                    notice of the defect from the Lessee within thirty (30) days
                    after the defect becomes apparent to the Lessee, with
                    reasonable proof that the claimed defect is due to a matter
                    embraced within the Lessor's warranty under this Clause 6.9
                    and that such defect did not result from any act or omission
                    of the Lessee, including but not limited to any failure to
                    operate or maintain the Leased Part claimed to be defective
                    or the Aircraft in which it was installed in accordance with
                    applicable governmental regulations and the Lessor's
                    applicable written instructions.

6.9.3          REMEDIES

               The Lessee's remedy and the Lessor's obligation and liability
               under this Clause 6.9 with respect to each defect are limited to
               the repair of such defect in the Leased Part in which the defect
               appears, or, as mutually agreed, to the replacement of such
               Leased Part with a similar part free from defect.

                                Exhibit H - 20/24

<PAGE>

                                                                     EXHIBIT "H"

               Any replacement part furnished under this Clause 6.9.3 shall be
               deemed to be the Leased Part so replaced.

6.9.4          SUSPENSION AND TRANSPORTATION COSTS

6.9.4.1        If a Leased Part is found to be defective and covered by this
               warranty, the Lease Period and the Lessee's obligation to pay
               rental charges as provided for in sub-Clause 6.4 (i) shall be
               suspended from the date on which the Lessee notifies the Lessor
               of such defect until the date upon which the Lessor has repaired,
               corrected or replaced the defective Leased Part, provided,
               however, that the Lessee has, promptly after giving such notice
               to the Lessor, withdrawn such defective Leased Part from use. If
               the defective Leased Part is replaced, such replaced part shall
               be deemed to no longer be a Leased Part under the Lease as of the
               date upon which such part was received by the Lessor at the
               return location specified in the applicable Lease.

               If a Leased Part is found to be defective upon first use by the
               Lessee and is covered by this warranty, no rental charges as
               provided in sub-Clause 6.4 (i) shall accrue and be payable by the
               Lessee until the date on which the Lessor has repaired, corrected
               or replaced the defective Leased Part.

6.9.4.2        All transportation and insurance costs of returning the defective
               Leased Part and returning the repaired, corrected or replacement
               part to the Lessee shall be borne by the Lessor.

6.9.5          WEAR AND TEAR

               Normal wear and tear and the need for regular maintenance and
               overhaul shall not constitute a defect or non-conformance under
               this Clause 6.9.

6.9.6          WAIVER, RELEASE AND RENUNCIATION

               THE WARRANTIES, OBLIGATIONS AND LIABILITIES OF THE LESSOR AND/OR
               ITS SUPPLIERS AND REMEDIES OF THE LESSEE SET FORTH IN THIS CLAUSE
               6 ARE EXCLUSIVE AND IN SUBSTITUTION FOR, AND THE LESSEE HEREBY
               WAIVES, RELEASES AND RENOUNCES, ALL OTHER WARRANTIES, OBLIGATIONS
               AND LIABILITIES OF THE LESSOR AND/OR ITS SUPPLIERS AND RIGHTS,
               CLAIMS AND REMEDIES OF THE LESSEE AGAINST THE LESSOR, ITS
               SUPPLIERS AND/OR THEIR INSURERS EXPRESS OR IMPLIED, ARISING BY
               LAW OR OTHERWISE WITH RESPECT TO ANY NONCONFORMITY OR DEFECT IN
               ANY LEASED PART DELIVERED UNDER THESE LEASING CONDITIONS
               INCLUDING BUT NOT LIMITED TO:

               (A)  ANY WARRANTY AGAINST HIDDEN DEFECTS (GARANTIE DES VICES
                    CACHES);

               (B)  ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS;

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

               (D)  ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY, WHETHER
                    CONTRACTUAL OR DELICTUAL AND WHETHER OR NOT ARISING FROM THE
                    LESSOR'S OR ITS SUPPLIERS' NEGLIGENCE, ACTUAL OR

                                Exhibit H - 21/24

<PAGE>

                                                                     EXHIBIT "H"

                    IMPUTED; AND

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

               THE LESSOR AND/OR ITS SUPPLIERS SHALL HAVE NO OBLIGATION OR
               LIABILITY, HOWSOEVER ARISING, FOR LOSS OF USE, REVENUE OR PROFIT
               OR FOR ANY OTHER DIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES
               WITH RESPECT TO ANY NON-CONFORMITY OR DEFECT IN ANY LEASED PART
               DELIVERED UNDER THESE LEASING CONDITIONS.

               FOR THE PURPOSES OF THIS CLAUSE 6.9.6, "THE LESSOR" SHALL INCLUDE
               THE LESSOR, ITS AFFILIATES AND ANY OF THEIR RESPECTIVE INSURERS.

                                Exhibit H - 22/24

<PAGE>

                                                                     EXHIBIT "H"

                     APPENDIX "A" TO CLAUSE 6 OF EXHIBIT "H"

                       SELLER PARTS AVAILABLE FOR LEASING

AILERONS

APU DOORS

CARGO DOORS

PASSENGER DOORS

ELEVATORS

FLAPS

LANDING GEAR DOORS

RUDDER

TAIL CONE

SLATS

SPOILERS

AIRBRAKES

WING TIPS

WINGLETS

                                Exhibit H - 23/24

<PAGE>

                                                                     EXHIBIT "H"

7              TERMINATION OF SPARES PROCUREMENT COMMITMENTS

7.1            In the event of the Agreement being terminated with respect to
               any Aircraft due to causes provided for in Clauses 10, 11 or 20
               of the Agreement, such termination may also affect the terms of
               this Exhibit "H" to the extent set forth in Clause 7.2 below.

7.2            Any termination under Clauses 10, 11 or 20 of the Agreement shall
               discharge all obligations and liabilities of the parties
               hereunder with respect to such undelivered spare parts, services,
               data or other items to be purchased hereunder which are
               applicable to those Aircraft for which the Agreement has been
               terminated. Unused spare parts in excess of the Buyer's
               requirements due to such Aircraft cancellation shall be
               repurchased by the Seller as provided for in Clause 4.5.2.

                                Exhibit H - 24/24

<PAGE>

LETTER AGREEMENTS - CONTENTS

                                    CONTENTS

<TABLE>
<CAPTION>
LETTERS AGREEMENTS
------------------
<S>                       <C>
Letter Agreement No 1:    *

Letter Agreement No 2:    *

Letter Agreement No 3:    OPTIONS

Letter Agreement No 4:    *

Letter Agreement No 5A:   A350-900 PERFORMANCE, GUARANTEE (75,000 lbs Thrust)
Letter Agreement No 5B:   *
Letter Agreement No 5C:   *

Letter Agreement No 6A:   *
Letter Agreement No 6B:   *

Letter Agreement No 7:    *

Letter Agreement No 8:    *

Letter Agreement No 9:    *

Letter Agreement No 10:   MISCELLANEOUS

Letter Agreement No 11:   *
</TABLE>

<PAGE>

LETTER AGREEMENT NO 1

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                       - Letter Agreement No 1 - Page 1/5

<PAGE>

                             [Three pages redacted]

                                       *
<PAGE>

LETTER AGREEMENT 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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 1 - Page 5/5

<PAGE>

LETTER AGREEMENT NO 2

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. (the "Buyer") and AIRBUS S.A.S. (the "Seller") have
entered into an A350-900 Purchase Agreement (the "Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                       - Letter Agreement No 2 - Page 1/6

<PAGE>

                               [4 pages redacted]

                                       *
<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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name:  Marco Antonio Bologna            Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director
Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 2 - Page 6/6

<PAGE>

LETTER AGREEMENT NO 3

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: OPTION RIGHTS

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement (The Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                       - Letter Agreement No 3 - Page 1/4

<PAGE>

LETTER AGREEMENT NO 3

1         GENERAL

          The Seller hereby grants to the Buyer the right to purchase up to 5
          additional A350-900 (or A350-800) Aircraft (hereinafter "the Option
          Aircraft").

          The Option Aircraft shall be manufactured in accordance with the
          Aicraft Specification set out in Clause 2 of the Agreement

          * and including any development changes which may be incorporated by
          the Seller prior to the delivery of the Option Aircraft.

                                        *

                                        *

                                        *

2         OPTION AIRCRAFT PRICE

                                        *

3         OPTION EXERCISE AND DELIVERY DATE

                                        *

                                        *

                                        *

                                        *

4         VALIDITY

                                        *

                       - Letter Agreement No 3 - Page 2/4

<PAGE>

LETTER AGREEMENT NO 3

                                        *

                                        *

                                        *

8         ASSIGNMENT

          The Option Aircraft are personal to the Buyer and cannot be assigned
          to any third party without the Seller's prior written consent.

                       - Letter Agreement No 3 - Page 3/4

<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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director
Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 3 - Page 4/4

<PAGE>

LETTER AGREEMENT NO 4

TAM - UNHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                       - Letter Agreement No 4 - Page 1/5

<PAGE>

                             [Three pages Redacted]

<PAGE>

LETTER AGREEMENT NO 4

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

Agreed and Accepted                     Agreed and Accepted
For and on behalf of                    For and on behalf of

TAM - LINHAS AEREAS S.A.                 AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial
Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director
Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 4 - Page 5/5

<PAGE>

LETTER AGREEMENT No 5A

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: A350-900 PERFORMANCES GUARANTEE *

TAM - LINHAS AEREAS S.A. ("the Buyer*) and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                      - Letter Agreement No 5A - Page 1/19

<PAGE>

LETTER AGREEMENT NO 5A

1.   AIRCRAFT CONFIGURATION.

     The guarantees, defined below ("the Guarantees") are applicable to the
     A350-900 Aircraft as described in the Standard Specification referenced G
     000 09000 Issue B dated 30 June 2005 amended by a Specification Change
     Notice ("SCN") for installation of General Electric GEnx-1A75 engines,
     hereinafter referred to as the Specification",

                                       *

                                       *

                                       *

                                       *

                                       *

                                       *

                                       *

                      - Letter Agreement No 5A - Page 2/19

<PAGE>

                              [15 pages redacted]

                                       *
<PAGE>

LETTER AGREEMENT NO 5A

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                      - Letter Agreement No 5A - Page 18/18

<PAGE>

                               [one page redacted]

                                       *
<PAGE>

LETTER AGREEMENT NO 5B

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO -SP,
BRAZIL

Subject: A 350-900 PERFORMANCES GUARANTEE *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                      - Letter Agreement No 5B - Page 1/20

<PAGE>

                              [17 pages redacted]

                                       *
<PAGE>

LETTER AGREEMENT NO 5B

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                      - Letter Agreement No 5B - Page 19/19

<PAGE>

                              [one page redacted]

                                       *
<PAGE>

LETTER AGREEMENT NO 5C

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO -SP,
BRAZIL

Subject

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-800 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-800 Aircraft as described in the Agreement.

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

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

                      - Letter Agreement No 5C - Page 1/19

<PAGE>

                              [16 pages redacted]

                                       *
<PAGE>

LETTER AGREEMENT No 5C

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director
Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                      - Letter Agreement No 5C - Page 18/18

<PAGE>

                              [One page redacted]

                                       *
<PAGE>

LETTER AGREEMENT NO 6A

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECl,
SAO PAULO - SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

Both parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, no severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

                       - Letter Agreement No 6A - Page 1/15

<PAGE>

Pages 2 to 14 redacted

                                       *

<PAGE>

LETTER AGREEMENT NO 6A

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

-------------------------------------
Name: Jose Zaidan Maluf
Title: Director
Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                      - Letter Agreement No 6A - Page 15/15

<PAGE>

LETTER AGREEMENT NO 6B

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-800 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-800 Aircraft as described in the Agreement.

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

Both parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, no severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

                      - Letter Agreement No 6B - Page 1/16

<PAGE>

Pages 2 to 15 redacted

                                       *

<PAGE>

LETTER AGREEMENT NO 6B

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date:  December 20th, 2005

                      - Letter Agreement No 6B - Page 16/16

<PAGE>

LETTER AGREEMENT NO 7

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                       - Letter Agreement No 7 - Page 1/3

<PAGE>

LETTER AGREEMENT NO 7

                                       *

                       - Letter Agreement No 7 - Page 2/3

<PAGE>

LETTER AGREEMENT NO 7

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 7 - Page 3/3

<PAGE>

LETTER AGREEMENT NO 8

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO - SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. (the "Buyer") and AIRBUS S.A.S. (the "Seller") have a
entered into an A350-900 Purchase Agreement (the "Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                       - Letter Agreement No 8 - Page 1/5

<PAGE>

Pages 2 to 4 redacted

                                       *

<PAGE>

LETTER AGREEMENT NO 8

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director
Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 8 - Page 5/5

<PAGE>

LETTER AGREEMENT NO 9

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856,20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO-SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement (the "Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

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

                       - Letter Agreement No 9 - Page 1/15

<PAGE>

Page 2 to 4 redacted

                                        *

<PAGE>

LETTER AGREEMENT NO 9

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                        Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director
Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 9 - Page 5/15

<PAGE>

Pages 6 to 15 redacted

                                        *

<PAGE>

LETTER AGREEMENT NO 10

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO -SP,
BRAZIL

Subject: MISCELLANEOUS

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

Both parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, no severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

                       - Letter Agreement No 10 - Page 1/4

<PAGE>

Pages 2 to 3 redacted

                                       *

<PAGE>

LETTER AGREEMENT NO 10

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 10 - Page 4/4

<PAGE>

LETTER AGREEMENT NO 11

TAM - LINHAS AEREAS S.A.
Avenida Jurandir, 856, 20 andar, Lote 4,
CEP 04072 - 000, Jardim CECI,
SAO PAULO-SP,
BRAZIL

Subject: *

TAM - LINHAS AEREAS S.A. ("the Buyer") and AIRBUS S.A.S. ("the Seller") have
entered into an A350-900 Purchase Agreement ("the Agreement") dated as of even
date herewith which covers the manufacture and the sale by the Seller and the
purchase by the Buyer of the A350-900 Aircraft as described in the Agreement.

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

Both parties agree that this Letter Agreement, upon execution thereof, shall
constitute an integral, no severable part of said Agreement and shall be
governed by all its provisions, as such provisions have been specifically
amended pursuant to this Letter Agreement.

                       - Letter Agreement No 11 - Page 1/3

<PAGE>

LETTER AGREEMENT NO 11

                                       *

                       - Letter Agreement No 11 - Page 2/3

<PAGE>

LETTER AGREEMENT NO 11

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

TAM - LINHAS AEREAS S.A.                AIRBUS S.A.S.

/s/ Marco Antonio Bologna               /s/ Christian Scherer
-------------------------------------   ----------------------------------------
Name: Marco Antonio Bologna             Name: Christian Scherer
Title: Chief Executive Officer          Title: Head of Transactions and Control
                                               Deputy Head of Commercial

Date: December 20th, 2005               Date: December 20th, 2005

/s/ Jose Zaidan Maluf
-------------------------------------
Name: Jose Zaidan Maluf
Title: Director

Date: December 20th, 2005

WITNESS                                 WITNESS

/s/ Vanessa Alvarenga                   /s/ Michel Clanet
-------------------------------------   ----------------------------------------
Name: Vanessa Alvarenga                 Name: Michel Clanet
Title: Legal Counsel                    Title: Regional Sales Director

Date: December 20th, 2005               Date: December 20th, 2005

                       - Letter Agreement No 11 - Page 3/3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}]]