EX-4.22 24 d128959dex422.htm EX-4.22

EXHIBIT 4.22

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. 19

to

Purchase Agreement No. 2191

between

The Boeing Company

and

COPA Holdings, S.A., Inc. Relating to

Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT entered into as of , 2009 by and between THE BOEING COMPANY, a Delaware corporation with its principal office in Seattle, Washington, (Boeing) and COPA HOLDINGS, S.A., INC. (Customer);

WHEREAS, the parties hereto entered into Purchase Agreement No. 2191 dated November 25, 1998 (the Agreement), as amended and supplemented, relating to Boeing Model 737-7V3 and 737-8V3 aircraft (the Aircraft); and

WHEREAS, Customer and Boeing have agreed to accelerate the delivery of Aircraft serial number 40664 from June 2010 to May 2010.

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 to amend the Agreement as follows:

1. | The “Table of Contents” is revised to reflect the changes made by this Supplemental Agreement.

2. | Table 1-9 entitled “Aircraft Information Table for Model 737-8V3 Aircraft”, is revised to **Material Redacted**. The revised Table 1-9 is attached hereto.

3. | **Material Redacted**

PA No. 2191 |  |  |  | SA No. 19
|  |  |  | Aug 2009

CONFIDENTIAL TREATMENT

The Purchase Agreement will be deemed to be supplemented to the extent herein provided as of the date hereof and as so supplemented 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.

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

PA No. 2191 |  |  |  | SA No. 19
|  |  |  | Aug 2009
|  | Page 2 |  |

CONFIDENTIAL TREATMENT

TABLE OF CONTENTS

|  |  |  | SA NUMBER |
ARTICLES |  |  |  |
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 13 |
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 16 |
1-9 |  | Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 19 |
1-10 |  | Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 18 |
1-11 |  | Aircraft Information Table for Model 737-8V3 Option Aircraft |  |  | SA 18 |
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 |
B. |  | Aircraft Delivery Requirements and Responsibilities |  |  | SA 3 |
SUPPLEMENTAL EXHIBITS |  |  |  |
AE1. |  | Escalation Adjustment Airframe and Optional Features |  |  | SA 10 |
BFE1. |  | BFE Variables |  |  | SA 18 |
CS1. |  | Customer Support Variables |  |  | SA 3 |
EE1. |  | Engine Escalation/Engine Warranty and Patent Indemnity |  |  |  |
SLP1. |  | Service Life Policy Components |  |  |  |

PA No. 2191 |  |  |  | SA No. 19
|  |  |  | Aug 2009
|  | i |  |

CONFIDENTIAL TREATMENT

|  |  |  | SA NUMBER |
LETTER AGREEMENTS |
2191-01 |  | Demonstration Flight Waiver |  |  |  |
2191-02 |  | Escalation Sharing |  |  |  |
2191-03 |  | Seller Purchased Equipment |  |  |  |
RESTRICTED LETTER AGREEMENTS |
6-1162-DAN -0123 |  | 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-LAJ-982R5 |  | Special Matters |  |  | SA 16 |
6-1162-LAJ-982R6 |  | Special Matters |  |  | SA 17 |
6-1162-LAJ-982R7 |  | Special Matters |  |  | SA 18 |
6-1162-RLL-4092 |  | Advance Payment Matters for Aircraft Listed in Table 1-9 |  |  | SA 17 |
6-1162-KSW-6417 |  | Boeing Offer Related to New Interior |  |  | SA 18 |
6-1162-KSW-6419 |  | **Material Redacted** |  |  | SA 18 |

PA No. 2191 |  |  |  | SA No. 19
|  |  |  | Aug 2009
|  | ii |  |

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, 1002 |
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 23, 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 2009 |

PA No. 2191 |  |  |  | SA No. 19
|  |  |  | Aug 2009
|  | iii |  |

CONFIDENTIAL TREATMENT

Table 1-9

Aircraft Information Table for Model 737-8V3 Aircraft

Delivery, Description and Advance Payments

Airframe Model/MTOW: 737-800 |  | 174200 pounds |  | Detail Specification: |  |  |  |  |  |
Engine Model/Thrust: CFM56-7B26 |  | 26400 pounds |  | Airframe Price Base Year/Escalation Formula: |  | Jul-08 |  |  |  | ECI-MFG/CPI
Airframe Price: |  | **Material Redacted** |  | Engine Price Base Year/Escalation Formula: |  | N/A |  |  |  | N/A
Optional Features: |  | **Material Redacted** |  |  |  |  |  |  |  |
Sub-Total of Airframe and Features: |  | **Material Redacted** |  | Airframe Escalation Data: |  |  |  |  |  |
Engine Price (Per Aircraft): |  | **Material Redacted** |  | Base Year Index (ECI): |  |  |  | 103.1 |  |
Aircraft Basic Price (Excluding BFE/SPE): |  | **Material Redacted** |  | Base Year Index (CPI): |  |  |  | 208.2 |  |
Buyer Furnished Equipment (BFE) Estimate: |  | **Material Redacted** |  |  |  |  |  |  |  |
Seller Purchased Equipment (SPE) Estimate: |  | **Material Redacted** |  |  |  |  |  |  |  |
Refundable Deposit/Aircraft at Proposal Accept: |  | **Material Redacted** |  |  |  |  |  |  |  |

|  |  |  |  |  |  |  |  |  | Escalation Estimate |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery): |  |  |  | 21/18/12/9/6 |  |
Delivery Date |  | Number of Aircraft |  | Escalation Factor (Airframe) |  | Serial Number |  | Escalation |  | Adv Payment Base Price Per A/P |  | At Signing **Material Redacted** |  | 24 Mos. **Material Redacted** |  | Mos. **Material Redacted** |  | Total **Material Redacted**
**Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted**
**Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted**
**Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted**
**Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted** |  | **Material Redacted**
Total: |  | **Material Redacted** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

PA No. 2191 |  |  |  | SA No. 19
|  |  |  | Aug 2009
|  | i |  |