Document:

Exhibit 10.33(c)

Exhibit 10.33(c)

AMENDMENT NO. 2

to the A320 Family Aircraft Purchase Agreement

Dated as of October 19, 2011

Between

AIRBUS S.A.S.

And

JETBLUE AIRWAYS CORPORATION

This Amendment No. 2 (hereinafter referred to as the “Amendment”) is entered into as of November 19, 2014 between Airbus S.A.S. a société par actions simplifiée, created and existing under French law, having its registered office at 1 Rond-Point Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”) and JetBlue Airways Corporation, a corporation organized under the laws of Delaware having its principal corporate offices at 27-01 Queens Plaza North, Long Island City, New York 11101 (formerly 118-29 Queens Boulevard, Forest Hills, New York 11375), United States of America (the “Buyer”).

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

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

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

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

Exhibit 10.33(c)

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

1    RESCHEDULING AND CONVERSIONS

1.1    The Buyer and the Seller hereby agree to irrevocably:

(i)convert each of the three (3) A320 Backlog Aircraft identified with CACiDs 159 952, 159 953, 159 934 scheduled for delivery in 2016 to three (3) additional A321 Backlog Aircraft, and
(ii)convert and defer three (3) A321 Incremental Aircraft currently scheduled for delivery in 2016 to three (3) additional A321 NEO Aircraft scheduled for delivery in 2020 and allocate them CACiDs 10002756, 10002760 and 10002764, and 
(iii)convert and defer two (2) A321 Incremental Aircraft currently scheduled for delivery in 2016 to two (2) additional A321 NEO Aircraft scheduled for delivery in 2022 and allocate them CACiDs 10002765 and 10002766, and
(iv)convert and defer five (5) A321 Incremental Aircraft currently scheduled for delivery in 2017 to five (5) additional A321 NEO Aircraft scheduled for delivery in 2022 and allocate them CACiDs 10002773, 10002774, 10002767, 10002768 and 10002769, and
(v)convert and defer each of the five (5) A320 NEO Aircraft identified with CACiDs 402 127, 402 128, 402 129, 402 130 and 402 131 currently scheduled for delivery in 2018 to five (5) additional A321 NEO Aircraft scheduled for delivery in 2022, and
(vi)defer one (1) Incremental A321 NEO Aircraft currently scheduled for delivery in 2018 to be scheduled for delivery in 2022 and allocate to it CACiD 10002775, and
(vii)defer two (2) Incremental A321 NEO Aircraft currently scheduled for delivery in 2018 to be scheduled for delivery in 2023 and allocate to them CACiDs 10002776 and 10002777,
(viii)defer three (3) A320 NEO Aircraft identified with CACiDs 402 148, 402 149 and 402 150 currently scheduled for delivery in 2020 to be scheduled for delivery in 2022.

each as detailed in the following table:

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

Exhibit 10.33(c)

	
					
	CACiD
	Original Delivery Schedule
	Revised Delivery Schedule
	Initial Aircraft Type
	New Aircraft Type

	159 952
	2016
	2016
	A320 Backlog Aircraft
	A321 Backlog Aircraft

	159 953
	2016
	2016
	A320 Backlog Aircraft
	A321 Backlog Aircraft

	159 934
	2016
	2016
	A320 Backlog Aircraft
	A321 Backlog Aircraft

	10002756
	2016
	2020
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002760
	2016
	2020
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002764
	2016
	2020
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002765
	2016
	2022
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002766
	2016
	2022
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002773
	2017
	2022
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002774
	2017
	2022
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002767
	2017
	2022
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002768
	2017
	2022
	Incremental A321Aircraft
	A321 NEO Aircraft

	10002769
	2017
	2022
	Incremental A321Aircraft
	A321 NEO Aircraft

	402 127
	2018
	2022
	A320 NEO Aircraft
	A321 NEO Aircraft

	402 128
	2018
	2022
	A320 NEO Aircraft
	A321 NEO Aircraft

	402 129
	2018
	2022
	A320 NEO Aircraft
	A321 NEO Aircraft

	402 130
	2018
	2022
	A320 NEO Aircraft
	A321 NEO Aircraft

	402 131
	2018
	2022
	A320 NEO Aircraft
	A321 NEO Aircraft

	10002775
	2018
	2022
	Incremental A321 NEO Aircraft
	Incremental A321 NEO Aircraft

	10002776
	2018
	2023
	Incremental A321 NEO Aircraft
	Incremental A321 NEO Aircraft

	10002777
	2018
	2023
	Incremental A321 NEO Aircraft
	Incremental A321 NEO Aircraft

	402 148
	2020
	2022
	A320 NEO Aircraft
	A320 NEO Aircraft

	402 149
	2020
	2022
	A320 NEO Aircraft
	A320 NEO Aircraft

	402 150
	2020
	2022
	A320 NEO Aircraft
	A320 NEO Aircraft

Accordingly, Schedule 1 to the Agreement (Delivery Schedule) is deleted in its entirety and replaced by the Amended and Restated Schedule 1 (the “Amended and Restated Schedule 1”) attached hereto as Appendix 1.  For reference purposes only, CACiD numbers are added to the Amended and Restated Schedule 1 for all Aircraft that did not previously have CACiD numbers.

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

Exhibit 10.33(c)

1.2    The Buyer agrees that a minimum of six (6) A321 Aircraft in each of calendar years 2016 and 2017 will be delivered [***] as already delivered to the Buyer prior to such date (i.e. not a “head of version”), such six (6) deliveries in 2016 to include the first aircraft delivery from the Seller’s assembly line in Mobile, Alabama, currently scheduled for [***] 2016.  In scheduling the delivery of A321 Aircraft in 2016 and 2017 and subject to the Buyer’s aforementioned minimum delivery commitment of six [***] in such years, the Seller shall use reasonable efforts to deliver such [***] as required to meet the Buyer’s operational needs.

1.3    It shall be the Buyer’s sole responsibility to ensure, without any intervention necessary from the Seller, that all of the BFE Suppliers are notified of and accept the conversions set forth in Clauses 1.1 and 1.2 above without the Seller incurring any costs, losses, expenses, additional obligations, penalties, damages or liabilities of any kind by reason of such conversions, and the Buyer will indemnify and hold the Seller harmless against any and all of such costs, losses, expenses, additional obligations, penalties, damages or liabilities so incurred by the Seller.

1.4    Without prejudice to Clause 1.3, the Buyer shall enter into discussions directly with the A320 Propulsion Systems Manufacturer to amend the relevant propulsion systems agreement(s) in order to reflect the conversions in Clauses 1.1 and 1.2 above and will indemnify and hold the Seller harmless against any and all costs, losses, expenses, obligations, penalties, damages or liabilities so incurred by the Seller in the event that the Buyer fails to perform its obligations as set out under this Clause 1.4.

2    PREDELIVERY PAYMENTS

Any and all Predelivery Payments that the Buyer has paid to the Seller and which would no longer be due as a result of the amendments described herein will be [***].

3    OTHER AMENDMENTS

3.1    Clause 9.1.1 is deleted in its entirety and replaced by the following quoted text:

QUOTE

9.1.1    In respect of each Aircraft corresponding to a Scheduled Delivery Year as set forth in Schedule 1, the Seller will provide notification to the Buyer of the Scheduled Delivery Quarter no later than [***].

UNQUOTE

3.1    Letter Agreement No. 1 is terminated in its entirety and replaced by the Amended and Restated Letter Agreement No. 1 attached hereto.

3.2    Letter Agreement No. 3 is terminated in its entirety and replaced by the Amended and Restated Letter Agreement No. 3 attached hereto.

4    EFFECT OF THE AMENDMENT
The Agreement will be deemed amended to the extent herein provided, and, except as specifically amended hereby, will continue in full force and effect in accordance with its original terms. This Amendment contains the entire agreement between the Buyer and the Seller with respect to the subject matter hereof and 

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

Exhibit 10.33(c)

supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment.

Both parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement and be governed by its provisions, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.

This Amendment will become effective upon its execution. 

5    CONFIDENTIALITY

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

6    ASSIGNMENT

Notwithstanding any other provision of this Amendment or of the Agreement, this Amendment will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this Clause 6 will be void and of no force or effect. 

7    COUNTERPARTS

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

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

Exhibit 10.33(c)

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

JETBLUE AIRWAYS CORPORATION     AIRBUS S.A.S.

By: /s/ Mark D. Powers    By: /s/ Christophe Mourey
        
Its: Chief Financial Officer    Its: Senior Vice President 
      Contracts

Exhibit 10.33(c)

Appendix 1
to
Amendment No. 2

Amended and Restated
SCHEDULE 1

Exhibit 10.33(c)

	
						
	DELIVERY SCHEDULE

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

	No.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Exhibit 10.33(c)

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

	No.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Exhibit 10.33(c)

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

	No.

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

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

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

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

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

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

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

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

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

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

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

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

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

	53
	159 909
	174
	Converted A321 Backlog Aircraft
	[***]
	2017

	54
	10002770
	175
	Incremental A321 Aircraft
	[***]
	2017

	55
	10002771
	176
	Incremental A321 Aircraft
	[***]
	2017

	56
	10002772
	177
	Incremental A321 Aircraft
	[***]
	2017

	57
	159 910
	178
	Converted A321 Backlog Aircraft
	[***]
	2018

	58
	402 132
	179
	Converted A321 NEO Aircraft
	[***]
	2018

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

Exhibit 10.33(c)

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

	59
	402 133
	180
	Converted A321 NEO Aircraft
	[***]
	2018

	60
	402 134
	181
	Converted A321 NEO Aircraft
	[***]
	2018

	61
	402 135
	182
	Converted A321 NEO Aircraft
	[***]
	2018

	62
	402 136
	183
	Converted A321 NEO Aircraft
	[***]
	2018

	63
	10002778
	184
	Incremental A321 NEO Aircraft
	[***]
	2018

	64
	402 137
	185
	Converted A321 NEO Aircraft
	[***]
	2019

	65
	402 138
	186
	Converted A321 NEO Aircraft
	[***]
	2019

	66
	402 139
	187
	Converted A321 NEO Aircraft
	[***]
	2019

	67
	402 140
	188
	Converted A321 NEO Aircraft
	[***]
	2019

	68
	402 141
	189
	Converted A321 NEO Aircraft
	[***]
	2019

	69
	10002779
	190
	Incremental A321 NEO Aircraft
	[***]
	2019

	70
	10002780
	191
	Incremental A321 NEO Aircraft
	[***]
	2019

	71
	10002781
	192
	Incremental A321 NEO Aircraft
	[***]
	2019

	72
	10002782
	193
	Incremental A321 NEO Aircraft
	[***]
	2019

	73
	10002783
	194
	Incremental A321 NEO Aircraft
	[***]
	2019

	74
	10002784
	195
	Incremental A321 NEO Aircraft
	[***]
	2019

	75
	10002785
	196
	Incremental A321 NEO Aircraft
	[***]
	2019

	76
	10002786
	197
	Incremental A321 NEO Aircraft
	[***]
	2019

	77
	10002787
	198
	Incremental A321 NEO Aircraft
	[***]
	2019

	78
	10002788
	199
	Incremental A321 NEO Aircraft
	[***]
	2019

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

Exhibit 10.33(c)

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

	79
	10002756
	200
	A321 NEO Aircraft
	[***]
	2020

	80
	10002760
	201
	A321 NEO Aircraft
	[***]
	2020

	81
	10002764
	202
	A321 NEO Aircraft
	[***]
	2020

	82
	10002789
	203
	Incremental A321 NEO Aircraft
	[***]
	2020

	83
	10002790
	204
	Incremental A321 NEO Aircraft
	[***]
	2020

	84
	10002791
	205
	Incremental A321 NEO Aircraft
	[***]
	2020

	85
	10002792
	206
	Incremental A321 NEO Aircraft
	[***]
	2020

	86
	10009793
	207
	Incremental A321 NEO Aircraft
	[***]
	2020

	87
	10002794
	208
	Incremental A321 NEO Aircraft
	[***]
	2020

	88
	402 142
	209
	A320 NEO Aircraft
	[***]
	2020

	89
	402 143
	210
	A320 NEO Aircraft
	[***]
	2020

	90
	402 144
	211
	A320 NEO Aircraft
	[***]
	2020

	91
	402 145
	212
	A320 NEO Aircraft
	[***]
	2020

	92
	 402 146
	213
	A320 NEO Aircraft
	[***]
	2020

	93
	 402 147
	214
	A320 NEO Aircraft
	[***]
	2020

	94
	402 151
	215
	A320 NEO Aircraft
	[***]
	2021

	95
	402 152
	216
	A320 NEO Aircraft
	[***]
	2021

	96
	402 153
	217
	A320 NEO Aircraft
	[***]
	2021

	97
	402 154
	218
	A320 NEO Aircraft
	[***]
	2021

	98
	402 155
	219
	A320 NEO Aircraft
	[***]
	2021

	99
	402 156
	220
	A320 NEO Aircraft
	[***]
	2021

	100
	402 157
	221
	A320 NEO Aircraft
	[***]
	2021

	101
	402 158
	222
	A320 NEO Aircraft
	[***]
	2021

	102
	402 159
	223
	A320 NEO Aircraft
	[***]
	2021

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

Exhibit 10.33(c)

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

	No.

	103
	402 160
	224
	A320 NEO Aircraft
	[***]
	2021

	104
	402 161
	225
	A320 NEO Aircraft
	[***]
	2021

	105
	402 162
	226
	A320 NEO Aircraft
	[***]
	2021

	106
	402 163
	227
	A320 NEO Aircraft
	[***]
	2021

	107
	402 164
	228
	A320 NEO Aircraft
	[***]
	2021

	108
	402 165
	229
	A320 NEO Aircraft
	[***]
	2021

	109
	402 166
	230
	A320 NEO Aircraft
	[***]
	2021

	110
	402 148
	231
	A320 NEO Aircraft
	[***]
	2022

	111
	402 149
	232
	A320 NEO Aircraft
	[***]
	2022

	112
	402 150
	233
	A320 NEO Aircraft
	[***]
	2022

	113
	10002765
	234
	A321 NEO Aircraft
	[***]
	2022

	114
	10002766
	235
	A321 NEO Aircraft
	[***]
	2022

	115
	10002767
	236
	A321 NEO Aircraft
	[***]
	2022

	116
	10002768
	237
	A321 NEO Aircraft
	[***]
	2022

	117
	10002769
	238
	A321 NEO Aircraft
	[***]
	2022

	118
	10002773
	239
	A321 NEO Aircraft
	[***]
	2022

	119
	10002774
	240
	A321 NEO Aircraft
	[***]
	2022

	120
	402 127
	241
	A321 NEO Aircraft
	[***]
	2022

	121
	402 128
	242
	A321 NEO Aircraft
	[***]
	2022

	122
	402 129
	243
	A321 NEO Aircraft
	[***]
	2022

	123
	402 130
	244
	A321 NEO Aircraft
	[***]
	2022

	124
	402 131
	245
	A321 NEO Aircraft
	[***]
	2022

	125
	10002775
	246
	Incremental A321 NEO Aircraft
	[***]
	2022

	126
	10002776
	247
	Incremental A321 NEO Aircraft
	[***]
	2023

	127
	10002777
	248
	Incremental A321 NEO Aircraft
	[***]
	2023

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

Exhibit 10.33(c)

Attachment No. 1
to
Amendment No. 2

AMENDED AND RESTATED 
LETTER AGREEMENT NO. 1

Exhibit 10.33(c)

AMENDED AND RESTATED 
LETTER AGREEMENT NO. 1

As of November 19, 2014

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

Re: PURCHASE INCENTIVES

Dear Ladies and Gentlemen,

JetBlue Airways Corporation (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an A320 Family Aircraft Purchase Agreement dated as of October 19, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, including without limitation by Amendment No. 1 dated as of October 25, 2013 and Amendment No. 2 dated as of even date herewith (the “Agreement”), which covers, among other matters, the sale by the Seller and the purchase by the Buyer of certain Aircraft, under the terms and conditions set forth in said Agreement.  The Buyer and the Seller have agreed to set forth in this Amended and Restated Letter Agreement No. 1 (this “Letter Agreement”) certain additional terms and conditions regarding the sale of the Aircraft.  Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement.  The terms “herein,” “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

Both parties agree that this Letter Agreement will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement will govern.

WITNESSETH:

WHEREAS, the Buyer and the Seller have entered into Amended and Restated Letter Agreement No. 1 to the Agreement dated as of October 25, 2013, setting forth certain terms and conditions regarding the sale of the Aircraft (the “Original Letter Agreement”).

WHEREAS, the Buyer and the Seller wish to amend and restate the Original Letter Agreement to incorporate relevant amendments to such Original Letter Agreement into a single document.

NOW THEREFORE IT IS AGREED THAT THE ORIGINAL LETTER AGREEMENT IS HEREBY AMENDED AND RESTATED TO READ IN ITS ENTIRETY AS FOLLOWS:

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

Exhibit 10.33(c)

1    INTENTIONALLY LEFT BLANK

2    A320 BACKLOG AIRCRAFT (Excluding Group 1 A320 Aircraft)

		
	2.1
	In respect of each A320 Backlog Aircraft (excluding Group 1 A320 Aircraft) that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “A320 Backlog Aircraft Credit Memoranda”):

[***]

		
	2.2
	The A320 Backlog Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement.  

		
	2.3
	The A320 Backlog Aircraft Credit Memoranda will be [***] of each A320 Backlog Aircraft that is sold by the Seller and purchased by the Buyer.  The A320 Backlog Aircraft Credit Memoranda will be [***].  Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an A320 Backlog Aircraft, the A320 Backlog Aircraft Credit Memoranda will be [***] of the A320 Backlog Aircraft.

3    A321 BACKLOG AIRCRAFT and CONVERTED A321 BACKLOG AIRCRAFT

		
	3.1
	In respect of each A321 Backlog Aircraft and each Converted A321 Backlog Aircraft that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “A321 Backlog Aircraft Credit Memoranda”):

[***]

		
	3.2
	The A321 Backlog Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement.  

		
	3.3
	The A321 Backlog Aircraft Credit Memoranda will be [***] of each A321 Backlog Aircraft and each Converted A321 Backlog Aircraft that is sold by the Seller and purchased by the Buyer.  The A321 Backlog Aircraft Credit Memoranda will be [***].  Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an A321 Backlog Aircraft or Converted A321 Backlog Aircraft, the A321 Backlog Aircraft Credit Memoranda will be [***] of the A321 Backlog Aircraft or [***] of the Converted A321 Backlog Aircraft, as applicable.

4    A319 NEO AIRCRAFT

		
	4.1
	In respect of each A319 NEO Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “A319 NEO Aircraft Credit Memoranda”):

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

Exhibit 10.33(c)

[***]

		
	4.2
	The A319 NEO Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement.  

		
	4.3
	The A319 NEO Aircraft Credit Memoranda will be [***] of each A319 NEO Aircraft.  The A319 NEO Aircraft Credit Memoranda will be [***].  Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an A319 NEO Aircraft, the A319 NEO Aircraft Credit Memoranda will be [***] of the A319 NEO Aircraft.

5    A320 NEO AIRCRAFT

		
	5.1
	In respect of each A320 NEO Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “A320 NEO Aircraft Credit Memoranda”):

[***]

		
	5.2
	The A320 NEO Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement.  

		
	5.3
	The A320 NEO Aircraft Credit Memoranda will be [***] of each A320 NEO Aircraft.  The A320 NEO Aircraft Credit Memoranda will be [***].  Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an A320 NEO Aircraft, the A320 NEO Aircraft Credit Memoranda will be [***]of the A320 NEO Aircraft.

		
	6
	A321 NEO AIRCRAFT, CONVERTED A321 NEO AIRCRAFT AND INCREMENTAL A321 NEO AIRCRAFT

		
	6.1
	In respect of each A321 NEO Aircraft, Converted A321 NEO Aircraft and each Incremental A321 NEO Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “A321 NEO Aircraft Credit Memoranda”):

[***]

		
	6.2
	The A321 NEO Aircraft Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement.  

		
	6.3
	The A321 NEO Credit Memoranda will be [***] of each A321 NEO Aircraft, each Converted A321 NEO Aircraft, and each Incremental A321 NEO Aircraft.  The A321 NEO Credit Memoranda will be [***].  Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of the relevant Aircraft, the A321 NEO Aircraft Credit Memoranda will be [***] of such Aircraft.

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

Exhibit 10.33(c)

7    GROUP 1 A320 AIRCRAFT

		
	7.1
	In respect of each Group 1 A320 Aircraft, the Seller will provide to the Buyer the following credits (collectively, the “Group 1 Aircraft Credit Memoranda”):

[***]

		
	7.2 
	The Group 1 Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement.

		
	7.3
	The Group 1 Aircraft Credit Memoranda will be [***] of each Group 1 A320 Aircraft that is sold by the Seller and purchased by the Buyer.  The Group 1 Aircraft Credit Memoranda will be [***].  Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of a Group 1 A320 Aircraft, the Group 1 Aircraft Credit Memoranda will be [***] of the Group 1 A320 Aircraft.

8    INCREMENTAL A321 AIRCRAFT

		
	8.1
	In respect of each Incremental A321 Aircraft that is sold by the Seller and purchased by the Buyer, the Seller will provide to the Buyer the following credits (collectively, the “Incremental A321 Aircraft Credit Memoranda”):

[***]

		
	8.2
	The Incremental A321 Aircraft Credit Memoranda are quoted at delivery conditions prevailing in the A320 Family Base Period and will be adjusted in accordance with the Seller Price Revision Formula, [***] in accordance with Paragraph 9 of this Letter Agreement 

		
	8.3 
	The Incremental A321 Aircraft Credit Memoranda will be [***] of each Incremental A321 Aircraft that is sold by the Seller and purchased by the Buyer.  The Incremental A321 Aircraft Credit Memoranda will be [***].  Unless the Buyer gives the Seller notice to the contrary at least [***] before Delivery of an Incremental A321 Aircraft, the Incremental A321 Aircraft Credit Memoranda will be [***] of the Incremental A321 Aircraft.

9    [***]

10    [***]

11    [***]

12    [***]

13    [***]

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

Exhibit 10.33(c)

14    [***]

		
	15
	[***]

		
	16
	[***]

17    [***]

18    [***]

		
	19
	[***]

20    [***]

21    [***]

22    ADMINISTRATION OF CREDITS

[***]

The above amounts are stated at delivery conditions prevailing in [***] and will be adjusted to the date of the respective availability in accordance with the Seller Price Revision Formula, as amended by Paragraph 9 of this Letter Agreement.

23    ASSIGNMENT

Notwithstanding any other provision of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer hereunder will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this Paragraph 23 will be void and of no force or effect. 

24    CONFIDENTIALITY

This Letter Agreement is subject to the terms and conditions of Clause 22.10 of the Agreement.

25    COUNTERPARTS

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

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

Exhibit 10.33(c)

If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below and return a copy to the Seller.

Very truly yours,

AIRBUS S.A.S.

By:  /s/ Mark D. Powers            
Its: Chief Financial Officer

Accepted and Agreed

JETBLUE AIRWAYS CORPORATION

By:  /s/ Christophe Mourey        
Its: Senior Vice President Contracts 

Exhibit 10.33(c)

Attachment No. 2
to
Amendment No. 2

AMENDED AND RESTATED 
LETTER AGREEMENT NO. 3

Exhibit 10.33(c)

AMENDED AND RESTATED
LETTER AGREEMENT NO. 3

As of November 19, 2014

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

Re: [***]

Dear Ladies and Gentlemen,

JetBlue Airways Corporation (the “Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an A320 Family Aircraft Purchase Agreement dated as of October 19, 2011 (as supplemented and amended by the other letter agreements, and as otherwise supplemented, amended or modified from time to time, including without limitation by Amendment No. 1 dated as of October 25, 2013 and Amendment No. 2 dated as of even date herewith (the “Agreement”), which covers, among other matters, the sale by the Seller and the purchase by the Buyer of certain Aircraft, under the terms and conditions set forth in said Agreement.  The Buyer and the Seller have agreed to set forth in this Amended and Restated Letter Agreement No. 3 (this “Letter Agreement”) certain additional terms and conditions regarding the sale of the Aircraft.  Capitalized terms used herein and not otherwise defined in this Letter Agreement will have the meanings assigned thereto in the Agreement.  The terms “herein,” “hereof” and “hereunder” and words of similar import refer to this Letter Agreement.

Both parties agree that this Letter Agreement will constitute an integral, nonseverable part of said Agreement, that the provisions of said Agreement are hereby incorporated herein by reference, and that this Letter Agreement will be governed by the provisions of said Agreement, except that if the Agreement and this Letter Agreement have specific provisions which are inconsistent, the specific provisions contained in this Letter Agreement will govern.

WITNESSETH:

WHEREAS, the Buyer and the Seller have entered into Amended and Restated Letter Agreement No. 3 to the Agreement dated as of October 25, 2013, setting forth certain terms and conditions regarding the sale of the Aircraft (the “Original Letter Agreement”).

WHEREAS, the Buyer and the Seller wish to amend and restate the Original Letter Agreement to incorporate relevant amendments to such Original Letter Agreement into a single document.

NOW THEREFORE IT IS AGREED THAT THE ORIGINAL LETTER AGREEMENT IS HEREBY AMENDED AND RESTATED TO READ IN ITS ENTIRETY AS FOLLOWS:

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

Exhibit 10.33(c)

1    DEFINITIONS 

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

A319 Aircraft – an Airbus A319-100 model aircraft firmly ordered under this Agreement including the A319 Airframe, the A319 Propulsion System, and any part, component, furnishing or equipment installed on the A319 Aircraft on Delivery.

A319 Airframe – any A319 Aircraft, excluding A319 Propulsion System therefor.

A319 NEO Aircraft – any or all of the A319 Aircraft that have been [***] pursuant to this Agreement together with all components, equipment, parts and accessories installed in or on such aircraft and the A319 NEO Propulsion System installed thereon upon Delivery.  

A319 NEO Propulsion System – as defined in Clause 2.3.6, as set forth in Paragraph 3.2 of Letter Agreement No. 3.

A319 Propulsion System – as defined in Clause 2.3.5, as set forth in Paragraph 3.2 of Letter Agreement No. 3.

A319 Specification –  either (a) the A319 Standard Specification if no SCNs are applicable or (b) if SCNs are issued, the A319 Standard Specification as amended by all applicable SCNs. 

A319 Standard Specification – the A319 standard specification document number J.000.01000, Issue 7, dated June 20, 2011, which includes a maximum take-off weight (MTOW) of [***] metric tons, a maximum landing weight (MLW) of [***] metric tons and a maximum zero fuel weight (MZFW) of [***] metric tons, a copy of which is annexed as Appendix 1.  

A321 Backlog Aircraft – any or all of the remaining thirty (30), of the fifty-two (52) A320-200 model aircraft originally to be sold by the Seller and purchased by the Buyer pursuant to the Original Agreement, as of the date hereof to be sold by the Seller and purchased by the Buyer pursuant to this Agreement as A321-200 model aircraft, and [***] pursuant to this Agreement, together with all components, equipment, parts and accessories installed in or on such aircraft and the relevant A321 Propulsion System installed thereon.

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

Exhibit 10.33(c)

A321 NEO Aircraft – any or all of the A321 aircraft that have been [***] pursuant to this Agreement together with all components, equipment, parts and accessories installed in or on such aircraft and the A321 NEO Propulsion System installed thereon upon Delivery.  For the sake of clarity, A321 NEO Aircraft includes the Converted A321 NEO Aircraft and the Incremental A321 NEO Aircraft.

A321 NEO Propulsion System – as defined in Clause 2.3.4, as set forth in Paragraph 3.2 of Letter Agreement No. 3.

Aircraft – individually or collectively, the Group 1 A320 Aircraft, the A319 NEO Aircraft, the A320 Backlog Aircraft, the A320 NEO Aircraft, the A321 Backlog Aircraft, the A321 NEO Aircraft, the Converted A321 Backlog Aircraft, the Converted A321 NEO Aircraft, the Incremental A321 Aircraft and the Incremental A321 NEO Aircraft, as applicable.

Airframe – as applicable, the A319 Airframe, the A320 Airframe or the A321 Airframe. 

Backlog Aircraft – the A320 Backlog Aircraft and the A321 Backlog Aircraft.

Base Price of the Airframe – the Base Price of the A319 NEO Airframe, the Base Price of the A320 Backlog Airframe, the Base Price of A320 NEO Airframe, the Base Price of the A321 Backlog Airframe, the Base Price of the A321 NEO Airframe, the Base Price of the Group 1 A320 Airframe, the Base Price of the Incremental A321 Airframe, the Base Price of the Incremental A321 NEO Airframe, the Base Price of the Converted A321 Airframe or the Base Price of the Converted A321 NEO Airframe, as applicable.

Base Price of the A319 NEO Airframe – as defined in Paragraph 4 herein.

Base Price of the A321 NEO Airframe – as defined in Paragraph 4 herein.

Base Price of the Group 1 A320 Airframe – as defined in Paragraph 4 herein.

Base Price of the Converted A321 Backlog Airframe – as defined in Paragraph 4 herein.

Base Price of the Converted A321 NEO Airframe – as defined in Paragraph 4 herein.

Base Price of the Incremental A321 Airframe – as defined in Paragraph 4 herein.

Base Price of the Incremental A321 NEO Airframe – as defined in Paragraph 4 herein.

CFM LEAP X Propulsion System – the CFM LEAP X-1A24 Propulsion System, the CFM LEAP X-1A26 Propulsion Systems and the CFM LEAP X-1A32 Propulsion System, as applicable.

IAE Propulsion System – the IAE V2524-A5 Propulsion System, the IAE V2527-A5 Propulsion System and the IAE V2533-A5 Propulsion System, as applicable.

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

Exhibit 10.33(c)

Irrevocable SCNs – the list of SCNs respectively set forth in Appendix 2, Exhibit B4 to the Agreement and Appendix 3, which are irrevocably part of the A319 NEO Aircraft specification set forth in Appendix 2, the A320 NEO Aircraft specification and the A321 NEO Aircraft specification, as applicable.

NEO Aircraft – an A319 NEO Aircraft, an A320 NEO Aircraft and an A321 NEO Aircraft, as applicable.

NEO Propulsion System – the A319 NEO Propulsion System, the A320 NEO Propulsion System and the A321 NEO Propulsion System, as applicable.

Propulsion System – the CFM LEAP X-1A24 Propulsion System, the CFM LEAP X-1A27 Propulsion System, the CFM LEAP X-1A32 Propulsion System, the IAE V2527-A5 Propulsion System, the IAE V2533-A5 Propulsion System, the PW1124G Propulsion System, the PW1127G Propulsion System and the PW1133G Propulsion System, as applicable.

PW Propulsion System – the PW1124G Propulsion System, the PW1127G Propulsion System and the PW1133G Propulsion System, as applicable.
 
Standard Specification – the A319 Standard Specification, the A320 Standard Specification and the A321 Standard Specification, as applicable.

2TYPE FLEXIBILITY

2.1    INTENTIONALLY LEFT BLANK

2.2    [***] 

2.3    Aircraft Specification

		
	2.3.1
	The A319 Standard Specification, as set forth in Appendix 1 to this Letter Agreement, is hereby incorporated into the Agreement.

2.3.2    Intentionally Left Blank

		
	2.3.3
	The A319 NEO Aircraft SCN List, as set forth in Appendix 3 to this Letter Agreement, is hereby incorporated into the Agreement.

		
	2.3.4
	The A321 NEO Aircraft SCN List, as set forth in Appendix 4 to this Letter Agreement, is hereby incorporated into the Agreement and shall also apply to the Incremental A321 NEO Aircraft.   

    
		
	2.3.5
	Clauses 2.1.2.1 and 2.1.2.2 of the Agreement is deleted in its entirety and replaced with the following Clauses 2.1.2.1 and 2.1.2.2 to read as set forth in the following quoted text:

QUOTE

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

Exhibit 10.33(c)

		
	2.1.2.1
	The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”), applicable to the A319-100, A320-200 and A321-200 model aircraft (the “A320 Family Aircraft”). The specification of the A320 Family Aircraft with NEO will be derived from the relevant Standard Specification and will include (i) as applicable, the relevant NEO Propulsion System (ii) Sharklets, (iii) airframe structural adaptations and (iv) Aircraft systems and software adaptations required to operate such A320 Family Aircraft with the New Engine Option. The foregoing is currently reflected in the Irrevocable SCNs listed in Exhibit B4 to the Agreement, Appendix 3 and Appendix 4 to this Letter Agreement, the implementation of which is hereby irrevocably accepted by the Buyer.

		
	2.1.2.2
	The New Engine Option shall modify the design weights of the 

		
	(i)
	A319 Standard Specification as follows:  MTOW of [***] metric tons, MLW of [***] metric tons and MZFW of [***] metric tons,  

		
	(ii)
	A320 Standard     Specification as follows: MTOW of [***] metric tons, MLW of [***] metric tons and MZFW of [***] metric tons, and

		
	(iii)
	the A321 Standard Specification as follows:  MTOW of [***] metric tons, MLW of [***] metric tons and MZFW of [***] metric tons.  

It is agreed and understood that the above design weights may be updated upon final NEO specification freeze.

UNQUOTE

3    PROPULSION SYSTEMS

3.1    Clause 2.3.2 is deleted in its entirety and replaced with the following quoted texted:

QUOTE

		
	2.3.2
	The A320 NEO Airframe will be equipped with either a set of two (2) (i) CFMI Leap-X1A26 engines with an AET of 26,600 lbf or (ii) PW1127G engines with an AET of 26,800 lbf (each, the “A320 NEO Propulsion System”).

UNQUOTE

		
	3.2 
	New Clauses 2.3.4, 2.3.5 and 2.3.6 are inserted into the Agreement as set forth in the following quoted text:

QUOTE

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

Exhibit 10.33(c)

		
	2.3.4
	The A321 NEO Airframe will be equipped with either a set of two (2) (i) CFM LEAP X-1A32 engines with an AET of 32,100 lbf or (ii) PW1133G engines with an AET of 32,700 lbf (each, the “A321 NEO Propulsion System”).  

2.3.5    Intentionally Left Blank

		
	2.3.6
	The A319 NEO Airframe will be equipped with either a set of two (2) (i) CFM LEAP X-1A24 engines with an AET of 24,400 lbf or (ii) PW1124G engines with an AET of 24,500 lbf (each, the “A319 NEO Propulsion System”).

UNQUOTE

3.3    Clause 2.3.4 of the Agreement is renumbered to Clause 2.3.7.

		
	3.4
	CFM has informed the Seller of its intention to change the original development engine designation of all LEAP-X1A Propulsion Systems to LEAP-1A, and PW has informed the Seller of its intention to change the original development engine designation of all PW1100G Propulsion Systems to PW1100G-JM.

The Buyer hereby agrees and accepts that any reference to respectively LEAP-X1A Propulsion Systems or LEAP-1A Propulsion Systems shall be construed as references to the same engine types.

The Buyer hereby agrees and accepts that any reference to respectively PW1100G Propulsion Systems or PW1100G-JM Propulsion Systems shall be construed as references to the same engine types.

The Buyer hereby acknowledges that any and all claims, concerns or issues it may have in respect of the foregoing shall be addressed directly to CFM or PW as applicable, and the Seller hereby declines any and all responsibility with respect to any modifications to Propulsion System designations.

4    AIRFRAME BASE PRICES

		
	4.1
	New Clauses 3.1.9, 3.1.10, 3.1.11, 3.1.12, 3.1.13 and 3.1.14 are added to the Agreement to read as follows in the quoted text:

QUOTE

		
	3.1.9
	The “Base Price of the A319 NEO Airframe” is the sum of the following base prices:

		
	(i)
	the base price of the A319 NEO Airframe as defined in the A319 Standard Specification (excluding Buyer Furnished Equipment), including nacelles and thrust reversers which is:

USD $[***]

(US Dollars – [***]),

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

Exhibit 10.33(c)

		
	(ii)
	the sum of the base prices of the Irrevocable SCNs set forth in Appendix 3 to this Letter Agreement, which is the sum of:

		
	(a)
	the base price of the New Engine Option is:

USD $[***]

(US Dollars – [***]) and

		
	(b)
	the base price of the Sharklets is 

USD $[***]

(US Dollars – [***]), 

		
	(iii)
	the sum of the base prices of any and all additional SCNs (other than Irrevocable SCNs to the extent included in Clause 3.1.9(ii)) set forth in Appendix 3 to this Letter Agreement is:

USD $[***]

(US Dollars – [***]), and 

		
	(iv)
	the base price of the Master Charge Engine, which is applicable if a CFM LEAP X  Propulsion System is selected, which is:

USD $[***]    (US Dollars – [***]). 

		
	3.1.10
	The A319 NEO Airframe Base Price has been established in accordance with the average economic conditions prevailing in the A320 Family Base Period.

		
	3.1.11
	The “Base Price of the A321 NEO Airframe” is the sum of the following base prices:

		
	(i)
	the base price of the A321 NEO Airframe as defined in the A321 Standard Specification (excluding Buyer Furnished Equipment), including nacelles and thrust reversers which is:

USD $[***]

(US Dollars – [***]),

		
	(ii)
	the sum of the base prices of the Irrevocable SCNs set forth in Appendix 4 to this Letter Agreement, which is the sum of:

		
	(a)
	the base price of the New Engine Option is:

USD $[***]

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

Exhibit 10.33(c)

(US Dollars – [***]) and

		
	(b)
	the base price of the Sharklets is 

USD $[***]

(US Dollars – [***]), and

		
	(iii)
	the sum of the base prices of any and all additional SCNs (other than Irrevocable SCNs to the extent included in Clause 3.1.11(ii)) set forth in Appendix 4 to this Letter Agreement is:

USD $[***]

(US Dollars – [***]), and 

		
	(iv)
	the base price of the Master Charge Engine, which is applicable if a CFM LEAP X Propulsion System is selected, which is:

USD $[***]    (US Dollars – [***]). 

		
	3.1.12
	The A321 NEO Airframe Base Price has been established in accordance with the average economic conditions prevailing in the A320 Family Base Period.

UNQUOTE

4.2    New Clauses 3.2.5, 3.2.6 and 3.2.7 are added to the Agreement to read as follows in the quoted     text:

QUOTE

3.2.5    Intentionally Left Blank

		
	3.2.6
	(i)    the base price of a set of two (2) CFM LEAP X-1A24 engines (the “CFM LEAP X- 1A24 Propulsion System” is  

USD $[***]

(US Dollars – [***])

The Base Price of the CFM LEAP X-1A24 Propulsion System has been established in accordance with the delivery conditions prevailing in [***] and has been calculated from the applicable CFM Propulsion System Reference Price, as set forth in Part 2 of Exhibit C.

Notwithstanding the foregoing, the CFM Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.

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

Exhibit 10.33(c)

		
	(ii)
	the base price of a set of two (2) CFM LEAP X-1A32 engines (the “CFM LEAP X-1A32 Propulsion System”) is

USD $[***]

(US Dollars – [***])

The Base Price of the CFM LEAP X-1A32 Propulsion System has been established in accordance with the delivery conditions prevailing in [***] and has been calculated from the applicable CFM Propulsion System Reference Price, as set forth in Part 2 of Exhibit C.

Notwithstanding the foregoing, the CFM Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.
        
		
	3.2.7
	(i)    the base price of a set of two (2) PW1124G engines (the “PW1124G Propulsion System”) is  

USD $[***]

(US Dollars – [***])

The Base Price of the PW1124G Propulsion System has been established in accordance with the delivery conditions prevailing in [***] and has been calculated from the applicable PW Propulsion System Reference Price, as set forth in Part 4 of Exhibit C.

Notwithstanding the foregoing, the PW Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.

		
	(ii)
	the base price of a set of two (2) PW1133 engines (the “PW1133G Propulsion System”) is

USD $[***]

(US Dollars – [***])

The Base Price of the PW  Propulsion System has been established in accordance with the delivery conditions prevailing in [***] and has been calculated from the applicable PW Propulsion System Reference Price, as set forth in Part 4 of Exhibit C.

Notwithstanding the foregoing, the PW Propulsion System Reference Price corresponds to the thrust ratings defined for the respective Propulsion System in Clause 2.3 and may be revised to reflect thrust rating adjustments upon final NEO specification freeze.

UNQUOTE

5    OTHER COMMERCIAL TERMS

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

Exhibit 10.33(c)

		
	5.1
	The Predelivery Payments for Backlog Aircraft (excluding Converted A321 Backlog Aircraft), is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.1 and 2 of Letter Agreement No. 2 to the Agreement.

		
	5.2
	The Predelivery Payments for NEO Aircraft (excluding the Incremental A321 NEO Aircraft and the Converted A321 NEO Aircraft) is as set forth in Clause 5.3 of the Agreement as modified by Paragraphs 1.2 and 2 of Letter Agreement No. 2 to the Agreement.

5.3    The purchase incentives applicable to the A319 NEO Aircraft are set forth in Paragraphs 4.1     through 4.3 Letter Agreement No. 1 to the Agreement.

		
	5.4
	The purchase incentives applicable to the A321 NEO Aircraft are set forth in Paragraphs 6.1 through 6.3 of Letter Agreement No. 1 to the Agreement.

		
	5.5
	The [***] applicable to the A319 NEO Aircraft and the A321 NEO Aircraft is set forth in Paragraph 9 of Letter Agreement No. 1 to the Agreement.

6.    NEO AIRCRAFT AND [***]

		
	6.1
	Notwithstanding the Delivery Schedule set forth in Clause 9.1 of the Agreement, [***].

		
	6.2
	If the Seller exercises its right pursuant to Paragraph 6.1 above, [***].

		
	6.3
	Between [***] and [***], the [***].

		
	6.4
	Predelivery Payments received for any NEO Aircraft [***] pursuant to Paragraphs 6.1 or 6.3 above, [***].

		
	7
	[***]

		
	8
	    ASSIGNMENT

Notwithstanding any other provision of this Letter Agreement or of the Agreement, this Letter Agreement and the rights and obligations of the Buyer hereunder will not be assigned or transferred in any manner without the prior written consent of the Seller, and any attempted assignment or transfer in contravention of the provisions of this Paragraph 8 will be void and of no force or effect. 

9    CONFIDENTIALITY

This Letter Agreement is subject to the terms and conditions of Clause 22.10 of the Agreement.

10    COUNTERPARTS

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

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

Exhibit 10.33(c)

If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy hereof in the space provided below and return a copy to the Seller.

Very truly yours,

AIRBUS S.A.S.

By:  /s/ Christophe Mourey        
Its: Senior Vice President Contracts

Accepted and Agreed

JETBLUE AIRWAYS CORPORATION

By:  /s/ Mark D. Powers        
Its: Chief Financial OfficerExhibit 10.36(a)

exhibit 10.36(a)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     EXECUTION VERSION

FIRST AMENDMENT TO CREDIT AND GUARANTY AGREEMENT
FIRST AMENDMENT TO CREDIT AND GUARANTY AGREEMENT (this “First Amendment”), dated as of November 3, 2014 among JETBLUE AIRWAYS CORPORATION, a Delaware corporation (the “Borrower”), CITIBANK, N.A., as administrative agent for the Lenders (in such capacity, together with its successors and permitted assigns, the “Administrative Agent”) and as Issuing Lender, GOLDMAN SACHS BANK USA, APPLE BANK FOR SAVINGS and COLUMBIA STATE BANK, as new Revolving Lenders, the Terminating Lenders (as defined below) and the Consenting Lenders (as defined below). Unless otherwise indicated, all capitalized terms used herein and not otherwise defined shall have the respective meanings provided to such terms in the Credit Agreement referred to below (as amended by this First Amendment).
W I T N E S S E T H:
WHEREAS, the Borrower and certain of its subsidiaries from time to time, as guarantors, the Lenders and the Administrative Agent are parties to a Credit and Guaranty Agreement dated as of April 23, 2013 (as amended, modified and supplemented and in effect on the date hereof, the “Credit Agreement”) consisting of a $350,000,000 revolving credit facility;
WHEREAS, the Borrower has proposed to (i) extend the Revolving Facility Maturity Date to April 30, 2018 and (ii) upsize the existing Revolving Commitments by $50,000,000 to a Total Revolving Commitment of $400,000,000, in each case on the terms and conditions set forth herein;
WHEREAS, each of Banco Popular de Puerto Rico, New York Branch and Umpqua Bank (as successor by merger to Sterling Savings Bank) (collectively, the “Terminating Lenders”) desires to consent, solely for the purposes of Section 8 hereto, to this First Amendment in order to assign all of the Revolving Commitments held by it immediately prior to the effectiveness of this First Amendment; and
WHEREAS, each Revolving Lender (other than the Terminating Lenders) immediately prior to the effectiveness of this First Amendment (each, a “Consenting Lender”) desires to consent to the amendments set forth herein.
NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1 - Credit Agreement Amendments. Subject to the satisfaction of the conditions set forth in Section 2 hereof:
(a) New Definitions. Section 1.01 of the Credit Agreement shall be amended by adding in appropriate alphabetical order the following definitions:
“2014 Extended Revolving Commitment” means the amount set forth in the column “2014 Extended Revolving Commitment” in Section A of Annex A hereto held by the corresponding 

exhibit 10.36(a)

Revolving Lender as of the First Amendment Effective Date and any assignment thereof in whole or in part.
“2014 Revolving Commitment” shall have the meaning given to such term in the definition of “Revolving Commitment.”
“Anti-Corruption Laws” means all laws, rules and regulations of the United States applicable to Borrower or its Subsidiaries from time to time intended to prevent or restrict bribery or corruption.
“Existing Revolving Commitment” shall have the meaning given to such term in the definition of “Revolving Commitment.”
“First Amendment” means the First Amendment to Credit and Guaranty Agreement, dated as of November 3, 2014, among the Borrower, Citibank, N.A. (as Administrative Agent and Issuing Lender) and the Lenders party thereto.
“First Amendment Effective Date” shall mean the date on which the conditions precedent set forth in Section 2 of the First Amendment have been satisfied or waived in accordance with the terms thereof.
“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the United States government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State.
“Sanctioned Country” means, at any time, a country or territory which is itself the subject or target of any Sanctions, which as of the First Amendment Effective Date include Cuba, Iran, North Korea, Sudan and Syria.
“Sanctioned Person” means, at any time, (a) a Person which is subject or target of any Sanctions or (b) any Person owned or controlled by any such Person or Persons.
(b) Amended and Restated Definitions. Section 1.01 of the Credit Agreement shall be amended by amending and restating the following definitions in their entirety:
“Applicable Pricing Grid” shall mean the table set forth below:
	
				
	Level
	Moody’s/S&P  
Ratings
	Applicable Margin  
Eurodollar Loans
	Applicable Margin  
ABR Loans

	I
	B-/B3 or worse
	3.25%
	2.25%

	II
	B/B2
	3.00%
	2.00%

	III
	B+/B1 or better
	2.75%
	1.75%

For the purposes of the foregoing, (i) if the Ratings established by Moody’s and S&P shall fall within different Levels, the Applicable Margin shall be based on the higher of the two Ratings unless one of the two Ratings is two Levels lower than the other, in which case the Applicable Margin shall be determined by reference to the Level next below that of the higher of  the two Ratings, (ii) if the Ratings established by Moody’s and S&P shall be changed (other than as a result of a change in the rating 

exhibit 10.36(a)

system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency and (iii) if neither Moody’s nor S&P shall have in effect a Rating, the Applicable Margin shall be based on Level I. Each change in the Applicable Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If either (but not both) of Moody’s and S&P shall cease to have in effect a Rating (whether as a result of such agency ceasing to be in the business of rating corporate borrowers or otherwise), the Applicable Margin shall be determined by reference to the Rating of the other rating agency.
“Commitment Fee Rate” shall mean 0.50% per annum prior to the First
Amendment Effective Date and 0.40% per annum on and after the First Amendment Effective Date.
“Revolving Commitment” or “Commitment” shall mean the commitment of each Revolving Lender to make Revolving Loans and, if such Revolving Lender is an Issuing Lender, to issue Letters of Credit, hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving Commitment” opposite its name in Annex A hereto or in the Assignment and Acceptance pursuant to which such Revolving Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original aggregate amount of the Total Revolving Commitments as of the Closing Date was
$350,000,000 (the “Existing Revolving Commitment”) and the incremental aggregate Revolving Commitment amount as of the First Amendment Effective Date is $50,000,000 (the “2014  Revolving Commitment”), for a Total Revolving Commitment as of the First Amendment Effective Date of $400,000,000.
“Revolving Facility Maturity Date” shall mean (a) with respect to 2014 Extended Revolving Commitments and 2014 Revolving Commitments that have not been extended pursuant to Section 2.28, April 30, 2018, and (b) with respect to any Extended Revolving Commitments, the final maturity date therefor as specified in the applicable Extension Offer accepted by the respective Revolving Lender or Revolving Lenders.
(c)Section 2.19. Section 2.19 of the Credit Agreement is hereby amended by inserting at the end thereof the following: “The Borrower shall pay to the Administrative Agent the fees set forth in that certain Administrative Agent First Amendment Fee Letter dated as of October 31, 2014, between the Administrative Agent and the Borrower.
(d)Section 2.20. Section 2.20(b) of the Credit Agreement is hereby amended by inserting at the end thereof the following: “The Borrower shall pay on the First Amendment Effective Date to each Lender with a 2014 Extended Revolving Commitment or a 2014 Revolving Commitment an upfront fee in an amount as set forth in a separate fee letter entered into by the Borrower with such Lender on or prior to the First Amendment Effective Date.”
(f)Section 2.27. Section 2.27(a) of the Credit Agreement is hereby amended by amending and restating the first sentence thereof to read as follows: “The Borrower may by written notice to the Administrative Agent request, prior to any Revolving Facility Maturity Date with respect to the Revolving Commitments then in effect, an increase to the existing applicable Revolving Commitments by an amount not to exceed $150,000,000 in the aggregate.”
(g)Section 3.15. Section 3.15 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

exhibit 10.36(a)

“Section 3.15. Anti-Corruption Laws and Sanctions. Borrower has implemented and maintains in effect policies and procedures intended to ensure compliance by Borrower, its Subsidiaries and, when acting in such capacity, their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and Borrower and its Subsidiaries are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of Borrower, any of its Subsidiaries or to the knowledge of Borrower any of their respective directors or officers is a Sanctioned Person.”
(h)Section 5.05. Section 5.05 of the Credit Agreement is hereby amended by inserting at the end thereof the following: “Borrower will maintain in effect policies and procedures intended to ensure compliance by Borrower, its Subsidiaries and, when acting in such capacity, their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.”
(i)Section 6. Section 6 of the Credit Agreement is hereby amended by inserting the following as a new Section 6.11 immediately after Section 6.10:
“Section 6.11. Use of Proceeds. Borrower will not use, and will not permit any of its Subsidiaries to use, the proceeds of any Borrowing or any Letter of Credit (A) in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country (except to the extent permitted by applicable law), or (C) in any manner that would result in the violation of any Sanctions applicable to Borrower or any of its Subsidiaries.”
(j)Annex A. Annex A to the Credit Agreement is hereby deleted and replaced with Annex A hereto.
(k)Schedule 3.06. Schedule 3.06 to the Credit Agreement is hereby deleted and replaced with Schedule 3.06 hereto.
SECTION 2 - Conditions to Effectiveness. This First Amendment shall become effective on the date when each of the following conditions specified below shall have been satisfied (the “First Amendment Effective Date”):
(a)Executed Amendment. The Administrative Agent shall have received signed signature pages to this First Amendment from the Borrower, Citibank, N.A. (as Administrative Agent, Lender and Issuing Lender), Goldman Sachs Bank USA, Apple Bank for Savings, Columbia State Bank, the Terminating Lenders and the Consenting Lenders.
(b)Supporting Documents. The Administrative Agent shall have received in form and substance reasonably satisfactory to the Administrative Agent:
(i)from the Borrower, a certificate of the Secretary of State of the state of Delaware, dated as of a recent date, as to the good standing of that entity and as to the charter documents on file in the office of such Secretary of State;
(ii)from the Borrower, a certificate of the Secretary or an Assistant Secretary (or similar officer), of such entity dated the First Amendment Effective Date and certifying (A) that attached thereto is a true and complete copy of the certificate of incorporation and the by-laws of 

exhibit 10.36(a)

that entity as in effect on the date of such certification, (B) that attached thereto is a true and complete copy of resolutions adopted by the board of directors of that entity authorizing the execution, delivery and performance by it of this First Amendment, (C) that the certificate of incorporation of that entity has not been amended since the date of the last amendment thereto indicated on the certificate of the Secretary of State furnished pursuant to clause (i) above, and (D) as to the incumbency and specimen signature of each officer of that entity executing this First Amendment or any other document delivered by it in connection herewith (in each case to the extent such entity is a party to such document) (such certificate to contain a certification by another officer of that entity as to the incumbency and signature of the officer signing the certificate referred to in this clause (ii)); and
(iii)from the Borrower, an Officer’s Certificate certifying (A) as to the truth in all material respects of the representations and warranties set forth in Section 3 of this First Amendment as though made by it on the First Amendment Effective Date, except to the extent that any such representation or warranty relates to a specified date, in which case as of such date (provided that any representation or warranty that is qualified by materiality, “Material Adverse Change” or “Material Adverse Effect” shall be true and correct in all respects as of the applicable date, before and after giving effect to this First Amendment), (B) as to the absence of any event occurring and continuing, or resulting from the transactions contemplated hereby to occur on the First Amendment Effective Date, that constitutes a Default or an Event of Default and (C) that, after giving pro forma effect to the 2014 Revolving Commitments, the Borrower is in pro forma compliance with the covenant set forth in Section 6.09(a) of the Credit Agreement.
(c)    Opinions of Counsel. The Administrative Agent shall have received:
(i)a written opinion of James G. Hnat, General Counsel for the Borrower, dated the First Amendment Effective Date, in form and substance reasonably satisfactory to the Administrative Agent; and
(ii)a written opinion of Hughes Hubbard & Reed LLP, special New York counsel to the Borrower, dated the First Amendment Effective Date, in form and substance reasonably satisfactory to the Administrative Agent.
(d)    Payment of Expenses. The Borrower shall have paid all reasonable and
documented out-of-pocket expenses of the Administrative Agent (including reasonable attorneys’ fees of Milbank, Tweed, Hadley & McCloy LLP) for which invoices have been presented at least one Business Day prior to the First Amendment Effective Date.
(e)Representations and Warranties. All representations and warranties of the Borrower set forth in Section 3 of this First Amendment shall be true and correct in all material respects on and as of the First Amendment Effective Date, before and after giving effect to the transactions contemplated hereby to occur on the First Amendment Effective Date, as though made on and as of such date (except to the extent any such representation or warranty by its terms is made as of a different specified date, in which case as of such specified date); provided that any representation or warranty that is qualified by materiality, “Material Adverse Change” or “Material Adverse Effect” shall be true and correct in all respects, as though made on and as of the applicable date, before and after giving effect to the transactions contemplated hereby to occur on the First Amendment Effective Date.

exhibit 10.36(a)

(f)No Default or Event of Default. Before and after giving effect to the transactions contemplated hereby to occur on the First Amendment Effective Date, no Default or Event of Default shall have occurred and be continuing on the First Amendment Effective Date.
(g)Patriot Act. The Lenders shall have received at least five (5) days prior to the First Amendment Effective Date all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Patriot Act, that such Lenders shall have requested from the Borrower prior to such date.
(h)Adjustment of Revolving Loans. Each of the existing Revolving Lenders shall assign to each of the applicable New Lenders, and each of the New Lenders shall purchase from each of the existing Revolving Lenders, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans outstanding on the First Amendment Effective Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans will be held by the existing Revolving Lenders and New Lenders ratably in accordance with their Revolving Commitments after giving effect to the increased Revolving Commitments on the First Amendment Effective Date. If there is a new Borrowing of Revolving Loans on the First Amendment Effective Date, the Revolving Lenders after giving effect to the First Amendment Effective Date shall make such Revolving Loans in accordance with Section 2.01(a) of the Credit Agreement.
The Administrative Agent shall promptly notify the parties hereto and the other Lenders of the occurrence of the First Amendment Effective Date. On the First Amendment Effective Date and concurrently herewith, the Borrower shall pay to the Administrative Agent and the Lenders the then unpaid balance of all accrued and unpaid Fees due, owing and payable and pursuant to the Credit Agreement, as referred to in Sections 2.19 and 2.20 thereof.
SECTION 3 - Representations and Warranties. In order to induce the other parties hereto to enter into this First Amendment, the Borrower represents and warrants to each of such other parties that on and as of the date hereof after giving effect to this First Amendment:
(a)    no Event of Default has occurred and is continuing or would result from giving
effect to the First Amendment;
(b)the representations and warranties contained in the Credit Agreement and the other Loan Documents (other than the representations and warranties set forth in Sections 3.05(b), 3.06 and 3.09(a) of the Credit Agreement), are true and correct in all material respects on and as of the date hereof with the same effect as if made on and as of the date hereof except to the extent that such representations and warranties expressly relate to an earlier date and in such case as of such date; provided that any representation or warranty that is qualified by materiality, “Material Adverse Change” or “Material Adverse Effect” shall be true and correct in all respects, as though made on and as of the applicable date, before and after giving effect to the First Amendment;
(c)except as disclosed in Borrower’s Annual Report on Form 10-K for 2013 or any report filed after December 31, 2013, by Borrower on Form 10-Q or Form 8-K with the SEC, since December 31, 2013 there has been no Material Adverse Change;
(d)as of the First Amendment Effective Date, other than as set forth on Schedule 3.06, (a) each of the Persons listed on Schedule 3.06 is a wholly-owned, direct or indirect Subsidiary of 

exhibit 10.36(a)

Borrower, and (b) Borrower owns no other Subsidiaries (other than Immaterial Subsidiaries), whether directly or indirectly;
(e)except as disclosed in the Borrower’s Annual Report on Form 10-K for 2013 or any report filed after December 31, 2013, by the Borrower on Form 10-Q or Form 8-K with the SEC since December 31, 2013, there are no actions, suits, proceedings or investigations pending or, to the knowledge of the Borrower, threatened against the Borrower or any of its properties (including any properties or assets that constitute Collateral under the terms of the Loan Documents), before any court or governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that (i) are likely to have a Material Adverse Effect or (ii) could reasonably be expected to affect the legality, validity, binding effect or enforceability of the Loan Documents or, in any material respect, the rights and remedies of the Administrative Agent or the Lenders thereunder or in connection with the Transactions; and
(f)Borrower has implemented and maintains in effect policies and procedures intended to ensure compliance by Borrower, its Subsidiaries and, when acting in such capacity, their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and Borrower and its Subsidiaries are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of Borrower, any of its
Subsidiaries or to the knowledge of Borrower any of their respective directors or officers is a Sanctioned Person.
SECTION 4 - Reference to and Effect on the Credit Agreement; Ratification. At and after the effectiveness of this First Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this First Amendment. The Credit Agreement and each of the other Loan Documents, as specifically amended by this First Amendment, and the obligations of the Borrower hereunder and thereunder, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. The parties hereto confirm and agree that the term “Obligations” as used in the Credit Agreement shall include all obligations of the Borrower under the Credit Agreement, as amended by this First Amendment. This First Amendment shall be deemed to be a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. The execution, delivery and effectiveness of this First Amendment shall not, except as expressly provided herein, operate as an amendment or waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute an amendment or waiver of any provision of any of the Loan Documents.
SECTION 5 - Execution in Counterparts. This First Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single
contract. This First Amendment shall become effective as set forth in Section 2, and from and after the First Amendment Effective Date shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted transferees and permitted assigns. Delivery of an executed counterpart of a signature page of this First Amendment by facsimile or electronic .pdf copy shall be effective as delivery of a manually executed counterpart of this First Amendment.
SECTION 6 - Governing Law. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS FIRST AMENDMENT SHALL BE GOVERNED 

exhibit 10.36(a)

BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
SECTION 7 – New Lenders. Subject to the satisfaction of the conditions set forth in Section 2 and effective as of the First Amendment Effective Date, Goldman Sachs Bank USA, Apple Bank for Savings and Columbia State Bank each (i) shall be deemed to be a party to the Credit Agreement (as amended by this First Amendment), (ii) shall be bound by the terms and conditions, and subject to the rights and obligations, of a Lender under the Credit Agreement and the other Loan Documents and (iii) shall have its Revolving Commitment be in full force and effect as and from the First Amendment Effective Date.
SECTION 8 – Terminating Lenders. Effective as of the First Amendment Effective Date, each Terminating Lender hereby consents to the assignment of all of the Revolving Commitments held by it immediately prior to the effectiveness of this First Amendment to the New Lenders, in each case to be allocated in such amounts as shall be necessary in order that, after giving effect to all such assignments and any additional Revolving Commitment made by it, each New Lender will hold a Revolving Commitment as set forth on Annex A to this First Amendment.
SECTION 9 - Waiver of Notice. The Administrative Agent and each Consenting Lender waives the requirement for it to receive the notice specified in Sections 2.27(a) and 2.28(d) with respect to the transactions contemplated by this First Amendment.
[REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY]

exhibit 10.36(a)

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed and delivered as of the day and year above written.

CITIBANK, N.A.,
as Administrative Agent, Lender and Issuing Lender

By: /s/ J. Shanahan              
Name: J Shanahan
Title: Vice President

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed and delivered as of the day and year above written.
CITIBANK, N.A.,
as Administrative Agent, Lender and Issuing Lender
By:_________________
Name 
Title:
JETBLUE AIRWAYS CORPORATION
By: /s/ James F. Leddy   
Name: James F. Leddy 
Title: SVP, Treasurer

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

JPMorgan Chase Bank, NA., as Lender
By: /s/ Matthew H. Massie               
      Name: Matthew H. Massie
      Title: Managing Director

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

Morgan Stanley Senior Funding, Inc., as Lender

By: /s/ Michael King                   
Name: Michael King
Title: Vice President

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

Credit Agricole Corporate and Investment Bank, as Lender
By: /s/ Thomas Jean                      
Name: Thomas Jean
Title: Director

By: /s/ Charles Moran                    
Name: Charles Moran
Title: Director

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

BNP Paribas, as Lender
By: /s/ Stephanie Klein             
Name: Stephanie Klein
Title: Vice President

By: /s/ Robert Papas                 
Name: Robert Papas
Title: Director

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

Barclays Bank PLC, as Lender

By: /s/ Christopher R. Lee                  
Name: Christopher R. Lee
Title: Assistant Vice President

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

Bank of America N.A., as Lender

By: /s/ J Stephen Merrick             
Name: J Stephan Merrick
Title: Managing Director

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

Goldman Sachs Bank USA, as Lender

By: /s/ Rebecca Kratz              
Name: Rebecca Kratz
Title: Authorized Signatory

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

Apple Bank for Savings, as Lender

By: /s/ Steven  C. Bush                   
Name: Steven C. Bush
Title:  Executive Vice President & Chief Operating Officer

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

Columbia State Bank, as Lender

By: /s/ Colin Duffy                     
Name: Colin Duffy
Title: Senior Vice President

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

CONSENTED TO SOLELY FOR PURPOSES OF SECTION 8:

BANCO POPULAR DE PUERTO RICO, NEW YORK BRANCH, as Terminating Lender

By: /s/ Hector J. Gonzalez                 
 Name: Hector J. Gonzalez
 Title: Vice President

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

CONSENTED TO SOLELY FOR PURPOSES OF SECTION 8:
Umpqua Bank, as successor by merger to Sterling Savings Bank, as Terminating Lender
By: /s/ Kenneth L. Alterman              
Name: Kenneth L. Alterman
Title: SVP

First Amendment To Credit And Guaranty Agreement

exhibit 10.36(a)

ANNEX A

LENDERS AND COMMITMENTS
	
			
	A.    Existing Revolving Commitments
	 
	 

	Revolving Lender
	2014 Extended Revolving Commitment

	Citibank, N.A.
	 
	$65,000,000

	JPMorgan Chase Bank, N.A.
	 
	$25,000,000

	Morgan Stanley Senior Funding, Inc.
	 
	$50,000,000

	Credit Agricole Corporate and Investment Bank
	 
	$25,000,000

	BNP Paribas
	 
	$40,000,000

	Barclays Bank PLC
	 
	$75,000,000

	Bank of America N.A.
	 
	$35,000,000

	TOTAL:
	 
	$315,000,000

	 
	 
	 

	B.    2014 Revolving Commitments
	 
	 

	Revolving Lender
	 
	2014 Revolving Commitment

	Goldman Sachs Bank USA
	 
	$45,000,000

	Apple Bank for Savings
	 
	$30,000,000

	Columbia State Bank
	 
	$10,000,000

	TOTAL:
	 
	$85,000,000

	 
	 
	 

	C.    Total Revolving Commitments
	 
	 

	Revolving Lender
	 
	Revolving Commitment

	Citibank, N.A.
	 
	$65,000,000

	JPMorgan Chase Bank, N.A.
	 
	$25,000,000

	Morgan Stanley Senior Funding, Inc.
	 
	$50,000,000

	Credit Agricole Corporate and Investment Bank
	 
	$25,000,000

	BNP Paribas
	 
	$40,000,000

	Barclays Bank PLC
	 
	$75,000,000

	Bank of America N.A.
	 
	$35,000,000

	Goldman Sachs Bank USA
	 
	$45,000,000

	Apple Bank for Savings
	 
	$30,000,000

	Columbia State Bank
	 
	$10,000,000

	TOTAL:
	 
	$400,000,000

exhibit 10.36(a)

D.    Lender Notices
Citibank, N.A.
Citi Corporate and Investment Banking
388 Greenwich Street
New York, New York 10013
Facsimile: (646) 291-1498
Attention: Christopher Lewis
                 Meghan O’Connor

JPMorgan Chase Bank, N.A. 
383 Madison Avenue, Floor 24 
New York, New York 10179 
Facsimile: (212) 270-5432 
Attention: Matthew H. Massie

Morgan Stanley Senior Funding, Inc. 
c/o Morgan Stanley Loan Servicing 
1300 Thames Street Wharf, 4th Floor 
Baltimore, Maryland 21231
Facsimile: (443) 627-4355

Credit Agricole Corporate and Investment Bank Transportation Group
1301 Avenue of the Americas, 
New York, NY 10019 
Attention: Gene Levitin, Thomas Jean and Kinnary Armstrong 
Email: Yevgeniya.levitin@ca-cib.com
            Thomas.jean@ca-cib.com
            Kinnary.armstrong@ca-cib.com

BNP Paribas
787 Seventh Avenue
New York, New York 10019 
Facsimile: (212) 841-2748

exhibit 10.36(a)

Barclays Bank PLC
Bank Debt Management
745 Seventh Avenue, 27th Floor 
New York, New York 10019 
Facsimile: (212) 220-9646 
Attention: Christopher R. Lee

Bank of America, N.A.
c/o Bank of America Merrill Lynch 
315 Montgomery Street, 6th Floor 
San Francisco, California 94104 
Facsimile: (415) 228-7282

Goldman Sachs Bank USA 
c/o Goldman, Sachs & Co. 
30 Hudson Street, 5th Floor 
Jersey City, New Jersey 07302 
Attention: Michelle Latzoni

Apple Bank for Savings 
122 East 42nd Street
New York, New York 10168 
Facsimile: (212) 224-6596 
Attention: Jonathan Byron

Columbia State Bank
Commercial Banking
719 2nd Avenue, Suite 500 
Seattle, Washington 98104 
Facsimile: (206) 223-4540 
Attention: Colin Duffy

exhibit 10.36(a)

SCHEDULE 3.06
SUBSIDIARIES
OF
JETBLUE AIRWAYS CORPORATION
Jurisdiction of  Incorporation    Ownership (directly or
indirectly)
BlueBermuda Insurance, LTD    Bermuda    100%

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