EX-4.16 18 d128959dex416.htm EX-4.16

EXHIBIT 4.16

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. 13

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 April 23, 2007 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 come to agreement on the **Material Redacted** and **Material Redacted** and

WHEREAS, Boeing and Buyer 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:

| 1.1. | Table of Contents, Tables and Letter Agreements:

| 1.2. | Remove and replace, in its entirety the “Table of Contents”, with the “Table of Contents” attached hereto and hereby made a part of the Agreement, to reflect the changes made by this Supplemental Agreement.

| 1.3. | Table 1-4 entitled “Aircraft Information Table for Model 737- 7V3 Aircraft ” is attached hereto to reflect the **Material Redacted** for the **Material Redacted** 737-7V3 Aircraft.

| 1.4. | Table 1-5 entitled “Aircraft Information Table for Model 737- 8V3 Aircraft ” is attached hereto to reflect the **Material Redacted** 737-8V3 Aircraft.

PA No. 2191 |  | Page 1 |  | SA No. 13

| 1.5. | Table 1-6 entitled “Aircraft Information Table for Model 737- 8V3 Aircraft ” is attached hereto to reflect the scheduled delivery months for the 737-8V3 Aircraft of **Material Redacted**

| 1.6. | Table 1-7 entitled “RLL- 3958 —Option Aircraft — Aircraft Information Table for Model 737- 8V3 Aircraft ” is attached hereto to reflect the scheduled delivery months for the 737-8V3 Option Aircraft of **Material Redacted**.

| 1.7. | Letter Agreement No. 6-1162-LAJ-982R4 entitled “Special Matters” to include a revision to Article 6 entitled **Material Redacted** and “Confidentiality”.

| 1.8. | Letter Agreement No. 6-1162-RLL-3958 entitled “Option Aircraft ” is attached hereto and hereby made a part of the Agreement.

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.
|  | **Material Redacted** |  |  |  |  |  |
By |  |  |  |  |  | By: |  |
Its: |  | Attorney-In-Fact |  |  |  | Its: |  | Chief Executive Officer

PA No. 2191 |  | Page 2 |  | SA No. 13

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 13 |
1-7 |  | Aircraft Information Table for Model 737-8V3 Aircraft |  |  | SA 13 |
|  | Option Aircraft |  |  |  |
EXHIBIT |  |  |  |
A-1 |  | Aircraft Configuration for Model 737-7V3 Aircraft |  |  | SA 3 |
A-2 |  | Aircraft Configuration for Model 737-8V3 Aircraft |  |  | SA 3 |
B. |  | Aircraft Delivery Requirements and Responsibilities |  |  | SA 3 |
SUPPLEMENTAL EXHIBITS |  |  |  |
AE1. |  | Escalation Adjustment Airframe and Optional Features |  |  | SA 10 |
BFE1. |  | BFE Variables |  |  | SA 3 |
CS1. |  | Customer Support Variables |  |  | SA 3 |
EE1. |  | Engine Escalation/Engine Warranty and Patent Indemnity |  |  |  |
SLP1. |  | Service Life Policy Components |  |  |  |

PA No. 2191 |  |  |  | SA No. 13

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 |
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 |  |  | , 2007 |

PA No. 2191 |  |  |  | SA No. 13

Table 1-4

Aircraft Information Table Model 737-7V3 Aircraft

Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: |  |  | 737-700 |  |  | 154,500
Engine Model: |  |  | CFM56 -7B22 |  |  |
Airframe Price: |  |  |  |  |  | **Material Redacted**
Optional Features: |  |  |  |  |  | **Material Redacted**
Sub-Total of Airframe and Features: |  |  | **Material Redacted**
Engine Price (Per Aircraft): |  |  | **Material Redacted**
Aircraft Basic Price (Excluding BFE/SPE): |  |  | **Material Redacted**
Buyer Furnished Equipment (BFE) Estimate: |  |  | **Material Redacted**
Seller Purchased Equipment (SPE) Estimate: |  |  | **Material Redacted**
Refundable Deposit/Aircraft at Proposal Accept: |  |  | **Material Redacted**

Detail Specification: |  | D6-38808-42-1 (4/30/2004)
Airframe Price Base Year/Escalation Formula: |  | Jul-04 |  | ECI-MFG/CPI
Engine Price Base Year/Escalation Formula: |  | N/A |  | N/A
Airframe Escalation Data: |  |  |  |
Base Year Index (ECI): |  | **Material Redacted**
Base Year Index (CPI): |  | **Material Redacted**

Delivery Date |  | Number of Aircraft |  | Escalation Factor (Airframe) |  | Manufacturer Serial Number |  | Escalation Estimate Adv Payment Base Price Per A/P |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
| At Signing 1% |  | 24 Mos. 4% |  | 21/18/12/9/6 Mos. 5% |  | Total 30%
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
Total: |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP — SA 13 |  |  |  |
44824 |  | Boeing Proprietary |  | Page 1

Table 1-5

Aircraft Information Table Model 737-8V3 Aircraft

Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: |  | 737-8V3 |  | 174,200 pounds |  | Detail Specification: |  | D6-38808-1 Rev C, dated 5-4-05
Engine Model/Thrust: |  | CFM56-7B26 |  | 26,400 pounds |  | Airframe Price Base Year/Escalation Formula: |  | Jul-04 |  | ECI-MFG/CPI N/A
Airframe Price: |  |  |  | **Material Redacted** |  | Engine Price Base Year/Escalation Formula: |  | N/A |  | N/A
Optional Features: |  |  |  | **Material Redacted** |  | Airframe Escalation Data: |  |  |  |
Sub-Total of Airframe and Features: |  |  |  | **Material Redacted** |  | Base Year Index (ECI): |  | **Material Redacted** |  |
Engine Price (Per Aircraft): |  |  |  | **Material Redacted** |  | Base Year Index (CPI): |  | **Material Redacted** |  |
Aircraft Basic Price (Excluding BFE/SPE): |  |  |  | **Material Redacted** |  |  |  |  |  |
Buyer Furnished Equipment (BFE) Estimate: |  |  |  | **Material Redacted** |  |  |  |  |  |
Seller Purchased Equipment (SPE) Estimate: |  |  |  | **Material Redacted** |  |  |  |  |  |
Refundable Deposit/Aircraft at Proposal Accept: |  |  |  | **Material Redacted** |  |  |  |  |  |

Delivery Date |  | Number of Aircraft |  | Escalation Factor (Airframe) |  | Manufacturer Serial Number |  | Escalation Estimate Adv Payment Base Price Per A/P |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
| At Signing 1% |  | 24 Mos. 4% |  | 21/18/12/9/6 Mos. 5% |  | Total 30%
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
Total: |  | 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP — SA 13 |  |  |  |
44824 |  | Boeing Proprietary |  | Page 1

Table 1-6

Aircraft Information Table for Model 737-8V3

Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: |  | 737-8V3 |  | 174,200 pounds |  | Detail Specification: |  | D6-38808-1 Rev C, dated 5-4-05
Engine Model/Thrust: |  | CFM56-7B26 |  | 26,400 pounds |  | Airframe Price Base Year/Escalation Formula: |  | Jul-06 |  | ECI-MFG/CPI
Airframe Price: |  |  |  | **Material Redacted** |  | Engine Price Base Year/Escalation Formula: |  | N/A |  | N/A
Optional Features: |  |  |  | **Material Redacted** |  | Airframe Escalation Data: |  |
Sub-Total of Airframe and Features: |  |  |  | **Material Redacted** |  | Base Year Index (ECI): |  | **Material Redacted** |  |
Engine Price (Per Aircraft): |  |  |  | **Material Redacted** |  | Base Year Index (CPI): |  | **Material Redacted** |  |
Aircraft Basic Price (Excluding BFE/SPE): |  |  |  | **Material Redacted** |  |  |  |
Buyer Furnished Equipment (BFE) Estimate: |  |  |  | **Material Redacted** |  |  |  |  |  |
Seller Purchased Equipment (SPE) Estimate: |  |  |  | **Material Redacted** |  |  |  |  |  |
Refundable Deposit/Aircraft at Proposal Accept: |  |  |  | **Material Redacted** |  |  |  |

Delivery Date |  | Number of Aircraft |  | Escalation Factor (Airframe) |  | Manufacturer Serial Number |  | Escalation Estimate Adv Payment Base Price Per A/P |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
| At Signing 1% |  | 24 Mos. 4% |  | 21/18/12/9/6 Mos. 5% |  | Total 30%
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
Total: |  | 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP — SA — 13 |  |  |  |
43715 |  | Boeing Proprietary |  | Page 1

The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

|  | 6-1162-LAJ-982R4 COPA HOLDINGS, S.A. Apartado 1572 Avenida Justo Arosemena y Calle 39 Panama 1, Panama Subject:    Special Matters Reference:   Purchase Agreement No. 2191 (the Purchase Agreement) between The Boeing Company (Boeing) and COPA HOLDINGS, S.A. (Customer) relating to Model 737 aircraft (the Aircraft) This Letter Agreement amends and supplements the Purchase Agreement. This Letter Agreement supersedes and replaces in its entirety Letter Agreement 6-1162-MJB-0017. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. In consideration of the Aircraft orders, Boeing provides the following to Customer. 1. **Material Redacted** 2. **Material Redacted** 3. **Material Redacted** 4. **Material Redacted** 5. **Material Redacted** 6. **Material Redacted** 7. **Material Redacted** 8. **Material Redacted** 9. **Material Redacted** 10. **Material Redacted** 11. **Material Redacted** 12. **Material Redacted**

PA 2191 |  |  |  | SA 13

|  | Page 2 13. **Material Redacted** 14. **Material Redacted** 15. **Material Redacted** 16. **Material Redacted** 17. **Material Redacted** 18. **Material Redacted** 19. **Material Redacted** 20. **Material Redacted**

PA 2191 |  |  |  | SA 13

|  | Page 3 ACCEPTED AND AGREED TO this
| Date: , 2007
|  | THE BOEING COMPANY
|  | **Material Redacted**
|  | By
|  | Its Attorney-In-Fact
|  | COPA HOLDINGS, S.A.
|  | By
|  | Its Chief Executive Officer

The Boeing Company

P.O. Box 3707

Seattle, WA 98124-2207

|  | 6-1162-RLL-3958 COPA HOLDINGS, S.A. Apartado 1572 Avenida Justo Arosemena y Calle 39 Panama 1, Panama Subject:    Option Aircrraft Reference:   Purchase Agreement No. 2191 (the Purchase Agreement) between The Boeing Company (Boeing) and COPA HOLDINGS, S.A. (Customer) relating to Model 737 aircraft (the Aircraft) This Letter Agreement amends the Purchase Agreement. All terms used but not defined in this Letter Agreement have the same meaning as in the Purchase Agreement. Boeing agrees to manufacture and sell to Customer additional Model 737 aircraft as Option Aircraft. The delivery months, number of aircraft, Advance Payment Base Price per aircraft and advance payment schedule are listed in Table 1-7 to this Letter Agreement. The Airframe Price shown includes the Engine Price. 1. Aircraft Description and Changes **Material Redacted** 2. Price **Material Redacted**

PA 2191 |  |  |  | SA 13

|  | Page 2 2.2 Price Adjustments. ** Material Redacted** 3. Payment. 3.1 Customer will pay a deposit to Boeing in the amount shown in Table 1-7 for each Option Aircraft (Deposit), on the date of this Letter Agreement. If Customer exercises an option, the Deposit will be credited against the first advance payment due. If Customer does not exercise an option, Boeing will retain the Deposit for that Option Aircraft. 3.2 Following option exercise, advance payments in the amounts and at the times listed in Table 1-7 will be payable for the Option Aircraft. The remainder of the Aircraft Price for the Option Aircraft will be paid at the time of delivery. 4. Option Exercise. **Material Redacted** 5. Contract Terms. Boeing and Customer will promptly confirm Customer’s exercise of its rights in respect to an Option Aircraft by entering into a definitive agreement for the purchase of an Option Aircraft, including the terms and conditions contained in this Letter Agreement, in the Purchase Agreement, and other terms and conditions as may be agreed upon. **Material Redacted** ACCEPTED AND AGREED TO this Date: , 2007

PA 2191 |  |  |  | SA 13

|  | Page 3 By **Material Redacted**
| Its Attorney-In-Fact
|  | COPA HOLDINGS, S.A.
|  | By
|  | Its Chief Executive Officer
|  | Attachment — Table 1-7

Table 1-7

RLL-3958 — Option Aircraft

Aircraft Information Table for Model 737-8V3

Delivery, Description, Price and Advance Payments

Airframe Model/MTOW: |  | 737-8V3 |  | 174,200 pounds |  | Detail Specification: |  | D6-38808-1 Rev C, dated 5-4-05
Engine Model/Thrust: |  | CFM56-7B26 |  | 26,400 pounds |  | Airframe Price Base Year/Escalation Formula: |  | Jul-06 |  | ECI-MFG/CPI
Airframe Price: |  |  |  | **Material Redacted** |  | Engine Price Base Year/Escalation Formula: |  | N/A |  | N/A
Optional Features: |  |  |  | **Material Redacted** |  | Airframe Escalation Data: |  |
Sub-Total of Airframe and Features: |  |  |  | **Material Redacted** |  | Base Year Index (ECI): |  | **Material Redacted** |  |
Engine Price (Per Aircraft): |  |  |  | **Material Redacted** |  | Base Year Index (CPI): |  | **Material Redacted** |  |
Aircraft Basic Price (Excluding BFE/SPE): |  |  |  | **Material Redacted** |  |  |  |
Buyer Furnished Equipment (BFE) Estimate: |  |  |  | **Material Redacted** |  |  |  |  |  |
Seller Purchased Equipment (SPE) Estimate: |  |  |  | **Material Redacted** |  |  |  |  |  |
Refundable Deposit/Aircraft at Proposal Accept: |  |  |  | **Material Redacted** |  |  |  |

Delivery Date |  | Number of Aircraft |  | Escalation Factor (Airframe) |  | Manufacturer Serial Number |  | Escalation Estimate Adv Payment Base Price Per A/P |  | Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
| At Signing 1% |  | 24 Mos. 4% |  | 21/18/12/9/6 Mos. 5% |  | Total 30%
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
**Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material |  | **Material
Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted** |  | Redacted**
Total: |  | 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |

COP — SA — 13 |  |  |  |
43715 |  | Boeing Proprietary |  | Page 1