EX-4.26 28 d128959dex426.htm EX-4.26

EXHIBIT 4.26

CONFIDENTIAL TREATMENT

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL

Supplemental Agreement No. 23

to

Purchase Agreement No. 2191

between

The Boeing Company

and

COPA Holdings, S.A.

Relating to Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT No. 23 (“Supplemental Agreement 23”) is entered into as of October , 2010 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A. (Customer);

WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998, (as amended and supplemented and together with all exhibits, schedules and letter agreements pertaining thereto, the “Purchase Agreement”) relating to Boeing Model 737-7V3 and 737-8V3 aircraft (collectively, the “Aircraft” and each an “Aircraft”);

[***];

WHEREAS, Customer and Boeing have mutually agreed to amend the Agreement to incorporate the effect of these and certain other changes;

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:

1. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.

2. The “Table of Contents” of the Purchase Agreement is revised to reflect the changes made by this Supplemental Agreement 23 and a copy of such revised Table of Contents is attached hereto.

3. [***].

3. Tables 1-10A(2) and 1-10B, “Aircraft Delivery, Description, Price and Advance Payments”, attached hereto, [***].

6. Attachment A of Letter Agreement 6-1162-KSW-6419R1 [***].

The Purchase Agreement will be deemed to be supplemented and revised to the extent herein provided as of the date hereof and as so supplemented and revised will continue in full force and effect.

Boeing and Customer have each caused this Supplemental Agreement to be duly executed as of the day and year first written above.

PA No. 2191 |  | Page 1 |  | SA No. 22 September 2010

CONFIDENTIAL TREATMENT

THE BOEING COMPANY |  |  |  | COPA HOLDINGS, S.A.
By: |  |  |  |  |  | By: |  |
|  | Its: Attorney-In-Fact |  |  |  |  |  | Its: Chief Executive Officer

PA No. 2191 |  | Page 2 |  | SA No. 22 September 2010

CONFIDENTIAL TREATMENT

TABLE OF CONTENTS

ARTICLES |  | SA NUMBER |
1. Quantity, Model and Description |  |  | SA 3 |
2. Delivery Schedule |  |  |  |
3. Price |  |  |  |
4. Payment |  |  | SA 3 |
5. Miscellaneous |  |  |  |
TABLE |  |  |  |
1-1 Aircraft Information Table for Model 737-7V3 Aircraft |  |  | SA 4 |
1-2 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 5 |
1-3 Aircraft Information Table for Model 737-7V3 Aircraft |  |  | SA 7 |
1-4 Aircraft Information Table for Model 737-7V3 Aircraft |  |  | SA 13 |
1-5 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 13 |
1-6 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-7 Aircraft Information Table for Model 737-8V3 Aircraft Option Aircraft |  |  | SA 13 |
1-8 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-9 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-10 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-10A(1) Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-10A(2) Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-10B Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-11 Aircraft Information Table for Model 737-8V3 Option Aircraft |  |  | SA 22 |
1-12 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 21 |
1-13 Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 22 |
1-14 Aircraft Information Table for Model 737-8V3 Option Aircraft |  |  | SA 22 |
EXHIBIT |  |  |  |
A-1 Aircraft Configuration for Model 737-7V3 Aircraft |  |  | SA 3 |
A-2 Aircraft Configuration for Model 737-8V3 Aircraft |  |  | SA 3 |
A-3 Aircraft Configuration for Model 737-8V3 Aircraft |  |  | SA 18 |
A-4 Aircraft Configuration for Model 737-8V3 Aircraft |  |  | SA 22 |
[***] |  |  |  |
B. Aircraft Delivery Requirements and Responsibilities |  |  | SA 3 |

PA No. 2191 |  | i |  | SA No. 22 September 2010

CONFIDENTIAL TREATMENT

SUPPLEMENTAL EXHIBITS |  |  |  |
AE1. Escalation Adjustment Airframe and Optional Features |  |  | SA 10 |
BFE1. BFE Variables |  |  | SA 22 |
CS1. Customer Support Variables |  |  | SA 3 |
EE1. Engine Escalation/Engine Warranty and Patent Indemnity |  |  |  |
SLP1. Service Life Policy Components |  |  |  |
LETTER AGREEMENTS |
2191-01 |  | Demonstration Flight Waiver |  |  |  |
2191-02 |  | Escalation Sharing |  |  |  |
2191-03 |  | Seller Purchased Equipment |  |  |  |
2191-03R1 |  | Seller Purchased Equipment |  |  | SA-20 |
RESTRICTED LETTER AGREEMENTS |
6-1162-DAN -01 |  | Performance Guarantees |  |  |  |
6-1162-DAN -0124 |  | Special Matters |  |  |  |
6-1162-DAN -0155 |  | Airframe Escalation Revision |  |  |  |
6-1162-DAN -0156 |  | Year 2000 Ready Software, Hardware and Firmware |  |  |  |
6-1162-DAN -0157 |  | Miscellaneous Matters |  |  |  |
6-1162-MJB-0017 |  | Special Matters |  |  |  |
6-1162-MJB-0030 |  | Special Matters |  |  |  |
6-1162-LAJ-874R |  | Special Matters |  |  | SA 5 |
6-1162-LAJ-874R1 |  | Special Matters |  |  | SA 6 |
6-1162-LAJ-874R2 |  | Special Matters |  |  | SA 7 |
6-1162-LAJ-982 |  | Special Matters |  |  | SA 8 |
6-1162-LAJ-982R3 |  | Special Matters |  |  | SA 11 |
6-1162-RLL-3852 |  | 737-800 Performance Guarantees |  |  | SA 9 |
6-1162-LAJ-982R4 |  | Special Matters |  |  | SA 13 |
6-1162-RLL-3958 |  | 737-8V3 Option Aircraft |  |  | SA 13 |
6-1162-RLL-3958R1 |  | 737-8V3 Option Aircraft |  |  | SA 18 |
6-1162-RLL-3958R2 |  | 737-8V3 Option Aircraft |  |  | SA 21 |
6-1162-RLL-3958R3 |  | 737-8V3 Option Aircraft |  |  | SA 22 |
6-1162-LAJ-982R5 |  | Special Matters |  |  | SA 16 |
6-1162-LAJ-982R6 |  | Special Matters |  |  | SA 17 |
6-1162-LAJ-982R7 |  | Special Matters |  |  | SA 18 |
6-1162-LAJ-982R8 |  | Special Matters |  |  | SA 22 |
6-1162-RLL-4092 |  | Advance Payment Matters for Aircraft |  |  | SA 17 |
|  | Listed in Table 1-9 |  |  |  |
6-1162-KSW-6417 |  | [***] |  |  | SA 18 |
6-1162-KSW-6419 |  | [***] |  |  | SA 20 |
6-1162-KSW-6419R1 |  | [***] |  |  | SA 22 |
6-1162-KSW-6471 |  | [***] |  |  | SA 22 |
LA-1000842 |  | Installation of Cabin Systems Equipment |  |  | SA 21 |
LA-10001606 |  | [***] |  |  | SA 22 |

PA No. 2191 |  | ii |  | SA No. 22 September 2010

CONFIDENTIAL TREATMENT

SUPPLEMENTAL AGREEMENTS |  | DATED AS OF: |
Supplemental Agreement No. 1 |  |  | June 29, 2001 |
Supplemental Agreement No. 2 |  |  | December 21, 2001 |
Supplemental Agreement No. 3 |  |  | June 14, 2002 |
Supplemental Agreement No. 4 |  |  | December 20, 2002 |
Supplemental Agreement No. 5 |  |  | October 31, 2003 |
Supplemental Agreement No. 6 |  |  | September 9, 2004 |
Supplemental Agreement No. 7 |  |  | December 9, 2004 |
Supplemental Agreement No. 8 |  |  | April 15, 2005 |
Supplemental Agreement No. 9 |  |  | March 16, 2006 |
Supplemental Agreement No. 10 |  |  | May 8, 2006 |
Supplemental Agreement No. 11 |  |  | August 30, 2006 |
Supplemental Agreement No. 12 |  |  | February 26, 2007 |
Supplemental Agreement No. 13 |  |  | April , 2007 |
Supplemental Agreement No. 14 |  |  | August 31, 2007 |
Supplemental Agreement No. 15 |  |  | February 21, 2008 |
Supplemental Agreement No. 16 |  |  | June 30, 2008 |
Supplemental Agreement No. 17 |  |  | December 15, 2008 |
Supplemental Agreement No. 18 |  |  | July 15, 2009 |
Supplemental Agreement No. 19 |  |  | August 31, 2009 |
Supplemental Agreement No. 20 |  |  | November 19, 2009 |
Supplemental Agreement No. 21 |  |  | May 28, 2010 |

PA No. 2191 |  | iii |  | SA No. 22 September 2010

CONFIDENTIAL TREATMENT

Table 1-10A(2)

Aircraft Delivery, Description, Price and Advance Payments (BSI/Winglets)

Airframe Model/MTOW: 737-800 |  |  | [***] |  |  | Detail Specification: |  |  | [***] |  |  |  |  |  |  |  |  |  |  |  |  |
Engine Model/Thrust: CFM56-7B26 |  |  | [***] |  |  | Airframe Price Base Year/Escalation Formula: |  |  |  |  |  |  | [***] |  |  |  |  |  |  |  | [***] |
Airframe Price: |  |  | [***] |  |  | Engine Price Base Year/Escalation Formula: |  |  |  |  |  |  | [***] |  |  |  |  |  |  |  | [***] |
Optional Features: |  |  | [***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sub-Total of Airframe and Features: |  |  | [***] |  |  | Airframe Escalation Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engine Price (Per Aircraft): |  |  | $ 0 |  |  | Base Year Index (ECI): |  |  |  |  |  |  |  |  |  |  | [***] |  |  |  |  |
Aircraft Basic Price (Excluding BFE/SPE): |  |  | [***] |  |  | Base Year Index (CPI): |  |  |  |  |  |  |  |  |  |  | [***] |  |  |  |  |
Buyer Furnished Equipment (BFE) Estimate: |  |  | $ 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Seller Purchased Equipment (SPE) Estimate: |  |  | [***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Refundable Deposit/Aircraft at Proposal Accept: |  |  | [***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Delivery Date |  | Number of Aircraft |  |  | Escalation Factor (Airframe) |  |  | Serial Number |  |  | Fixed Escalation |  |  | Escalation Estimate Adv Payment Base Price Per A/P |  |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
| [***] |  |  | [***] |  |  | [***] |  |  | [***] |
| [***] |  |  | [***] |  |  | [***] |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
Total: |  |  | 10 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP-54019-1F.TXT PA No. 2191 SA-23 |  | Boeing Proprietary |  | Oct. 2010 Page 1

CONFIDENTIAL TREATMENT

Table 1-10B

Aircraft Delivery, Description, Price and Advance Payments

(BSI Interior)

Airframe Model/MTOW: 737-800 |  |  | [***] |  |  | Detail Specification: |  |  | [***] |  |  |  |  |  |  |  |  |
Engine Model/Thrust: CFM56-7B26 |  |  | [***] |  |  | Airframe Price Base Year/Escalation Formula: |  |  | [***] |  |  |  |  |  |  |  | [***] |
Airframe Price: |  |  | [***] |  |  | Engine Price Base Year/Escalation Formula: |  |  | [***] |  |  |  |  |  |  |  | [***] |
Optional Features: |  |  | [***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sub-Total of Airframe and Features: |  |  | [***] |  |  | Airframe Escalation Data: |  |  |  |  |  |  |  |  |  |  |  |
Engine Price (Per Aircraft): |  |  | $ 0 |  |  | Base Year Index (ECI): |  |  |  |  |  |  | [***] |  |  |  |  |
Aircraft Basic Price (Excluding BFE/SPE): |  |  | [***] |  |  | Base Year Index (CPI): |  |  |  |  |  |  | [***] |  |  |  |  |
Buyer Furnished Equipment (BFE) Estimate: |  |  | $ 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Seller Purchased Equipment (SPE) Estimate: |  |  | [***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Option Deposit Paid |  |  | [***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Delivery Date |  | Number of Aircraft |  |  | Escalation Factor (Airframe) |  |  | Serial Number |  |  | Escalation* |  |  | Escalation Estimate Adv Payment Base Price Per A/P |  |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |
| [***] |  |  | [***] |  |  | [***] |  |  | [***] |
| [***] |  |  | [***] |  |  | [***] |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
[***] |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |  |  |  | [***] |
Total: |  |  | 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[***] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP-54022-1F.TXT PA No. 2191 SA-23 |  | Boeing Proprietary |  | 10/10 Page 1

CONFIDENTIAL

Attachment A to Letter Agreement 6-1162-KSW-6419R1

[***]

Airframe Model |  | 737-800
Engine Model: |  | CFM56-7B26
Airframe Price Base Year |  | [***]
Engine Price Base Year |  | [***]

Delivery Month and Year |  | Subject Aircraft Serial Number |  |  | Applicable Combined Airframe/Engine Escalation Provisions |  |  | Election Period |
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]
[***] |  |  | [ | ***] |  |  | [ | ***] |  |  | [ | ***]

PA No. 2191 SA23 |  |  |  | 10/10