Attached files

file filename
EX-32.1 - EX-32.1 CERTIFICATION OF CEO AND CFO - SOUTHWEST AIRLINES COluv-6302021xex321.htm
EX-31.2 - EX-31.2 CERTIFICATION OF CHIEF FINANCIAL OFFICER - SOUTHWEST AIRLINES COluv-6302021xex312.htm
EX-31.1 - EX-31.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - SOUTHWEST AIRLINES COluv-6302021xex311.htm
EX-10.3 - EX-10.3 BOEING SUPPLEMENTAL AGREEMENT NO. 15 - SOUTHWEST AIRLINES COexhibit103supplementalagre.htm
EX-10.1 - EX-10.1 BOEING SUPPLEMENTAL AGREEMENT NO. 13 - SOUTHWEST AIRLINES COexhibit101supplementalagre.htm
10-Q - 2ND QUARTER 2021 FORM 10-Q - SOUTHWEST AIRLINES COluv-20210630.htm

SUPPLEMENTAL AGREEMENT NO. 14
to
Purchase Agreement No. 03729
between
THE BOEING COMPANY
and
SOUTHWEST AIRLINES CO.
Relating to Boeing Model 737-8 and 737-7 Aircraft
THIS SUPPLEMENTAL AGREEMENT No. 14 (SA-14), entered into as of May 28, 2021, is made between THE BOEING COMPANY, a Delaware corporation (Boeing), and SOUTHWEST AIRLINES CO., a Texas corporation (Customer)
RECITALS:
WHEREAS, Customer and Boeing entered into Purchase Agreement Number PA-03729 dated December 13, 2011, as amended and supplemented, (Purchase Agreement) relating to the purchase and sale of Boeing Model 737-8 (737-8 Aircraft) and Model 737-7 aircraft (737-7 Aircraft); collectively the “Aircraft”. This SA14 is an amendment to and is incorporated into the Purchase Agreement. Capitalized terms used herein but not otherwise defined will have the meaning set forth in the Purchase Agreement;
WHEREAS, Boeing and Customer agree to the acceleration of thirty-two (32) Option Aircraft positions into 2022, thirty-two (32) Option Aircraft positions into 2023, and thirty-two (32) Option Aircraft positions into 2024-2025, and revise the scheduled delivery stream as applicable;
    WHEREAS, Customer requests and Boeing agrees to the exercise of thirty-four (34) Option Aircraft, thirty-two (32) of which were accelerated above, for delivery in 2022 and the substitution of those thirty-four (34) Option Aircraft from 737-8 Aircraft into 737-7 Aircraft;

    WHEREAS, Customer requests and Boeing agrees to provide thirty-two (32) additional Option Aircraft positions in 2026-2027;

    WHEREAS, Boeing and Customer agree to include revisions to forecasted Aircraft escalation factors on all Tables and Attachments as applicable;

    WHEREAS, Boeing and Customer agree to amend the Purchase Agreement to make certain changes to the Letter Agreements as a result of the respective changes in this Supplemental Agreement.

[***] = Certain identified information has been excluded from the exhibit because it is both not material and is of the type that the registrant treats as private or confidential.

SWA-PA-03729
1
SA-14
BOEING PROPRIETARY





NOW, THEREFORE, the parties agree that the Purchase Agreement is amended as set forth below and otherwise agree as follows:

1.TABLE OF CONTENTS.

The Table of Contents of the Purchase Agreement is deleted in its entirety and replaced with a new Table of Contents (attached), which lists the Tables, Exhibits, and Letter Agreements revised by this SA14 and is identified by “SA14”. Such revised Table of Contents is incorporated into the Purchase Agreement by this reference.

2.TABLES.

Table 1A, Aircraft Delivery, Description, Price and Advance Payments – 737-8 Aircraft, is deleted in its entirety and replaced by a new Table 1A (identified by "SA-14") attached hereto and incorporated into the Purchase Agreement by this reference.

Table 1B, Aircraft Delivery, Description, Price and Advance Payments – 737-7 Aircraft, is deleted in its entirety and replaced by a new Table 1B (identified by "SA-14") attached hereto and incorporated into the Purchase Agreement by this reference.

3.LETTER AGREEMENTS.

3.1. Letter Agreement SWA-PA-03729-LA-1106474R4, Option Aircraft Letter Agreement, and its Attachment 1 are deleted in their entirety and are replaced with the attached revised Letter Agreement SWA-PA-03729-LA-1106474R5 and its Attachment 1.

3.2. Letter Agreement SWA-PA-03729-LA-1106475R4, [***] is deleted in its entirety and is replaced with the attached revised Letter Agreement SWA-PA-03729-LA-1106475R5.

4.SA-14 PAYMENT.

4.1. Due to the exercising of thirty-four (34) Option Aircraft, and subsequent substitution of such thirty-four (34) Option Aircraft from 737-8 Aircraft to 737-7 Aircraft, Customer [***]

4.2. Due to the request for (32) additional Option Aircraft positions, Customer [***]

4.3. Due to the revision of escalation forecast factors [***]



SWA-PA-03729
2
SA-14
BOEING PROPRIETARY







4.4. Due to the revision to escalation forecast factors [***]



4.5. Due to the revision to escalation forecast factors [***]





4.6. [***]



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


EXECUTED IN DUPLICATE as of the day and year first above written.

THE BOEING COMPANYSOUTHWEST AIRLINES CO.
By:     /s/ Carson J May    
By: /s/ Chris Monroe    
Name: Carson J. May    
Name: Chris Monroe    
Its:     Attorney-In-Fact    
Its:    SVP Finance and Treasurer

SWA-PA-03729
3
SA-14
BOEING PROPRIETARY





TABLE OF CONTENTS

ARTICLESTITLES
Article 1Quantity, Model and DescriptionSA-2
Article 2Delivery Schedule
Article 3Price
Article 4PaymentSA-2
Article 5Additional Terms
TABLETITLE
1A737-8 Aircraft Information TableSA-14
1B737-7 Aircraft Information TableSA-14
EXHIBIT
A1737-8 Aircraft ConfigurationSA-11
A2737-7 Aircraft ConfigurationSA-8
A-3737-8 Remarket Aircraft ConfigurationSA-12
B*Aircraft Delivery Requirements and Responsibilities
B-1Remarket Aircraft TechnicalSA-12
Acceptance and Delivery Requirements and Responsibilities
SUPPLEMENTAL EXHIBITSTITLES
AE1*Escalation Adjustment/Airframe and Optional Features
BFE1BFE Variables for 737-8SA-7
BFE2BFE Variables for 737-7SA-8
CS1Customer Support Variables
CS1-7MAXCustomer Support VariablesSA-2
EE1*Engine Escalation/Engine Warranty and Patent Indemnity
SLP1*Service Life Policy Components















SWA-PA-03729SA-14
 Page 1
BOEING PROPRIETARY





LETTER AGREEMENTSTITLES
SWA-PA-03729-LA-1106463R3Open MattersSA-8
SWA-PA-03729-LA-1106464*[***]
SWA-PA-03729-LA-1106465*[***]
SWA-PA-03729-LA-1106466[***]
SWA-PA-03729-LA-1106467R2[***]SA-8
SWA-PA-03729-LA-1106468*[***]
SWA-PA-03729-LA-1106469R1[***]SA-2
SWA-PA-03729-LA-1106470R1[***]SA-2
SWA-PA-03729-LA-1106471R2Substitute AircraftSA-12
SWA-PA-03729-LA-1106473R2[***]SA-12
SWA-PA-03729-LA-1106474R5Option AircraftSA-14
SWA-PA-03729-LA-1106475R5[***]SA-14
SWA-PA-03729-LA-1106476R2[***]SA-8
SWA-PA-03729-LA-1106477*[***]
SWA-PA-03729-LA-1106478[***]
SWA-PA-03729-LA-1106479R1[***]SA-2
SWA-PA-03729-LA-1106480R1[***]SA-2
SWA-PA-03729-LA-1106481R2[***]SA-2
SWA-PA-03729-LA-1106482*[***]
SWA-PA-03729-LA-1106483*[***]
SWA-PA-03729-LA-1106484R2[***]SA-12
SWA-PA-03729-LA-1106485*[***]
SWA-PA-03729SA-14
 Page 2
BOEING PROPRIETARY





LETTER AGREEMENTSTITLES
SWA-PA-03729-LA-1209080[***]SA-1
SWA-PA-03729-LA-1210419[***]SA-1
SWA-PA-03729-LA-1300943[***]SA-2
SWA-PA-03729-LA-1301168R3[***]SA-6
SWA-PA-03729-LA-1301170R3[***]SA-12
SWA-PA-03729-LA-1400371[***]SA-7
SWA-PA-03729-LA-1503792Service Ready Operational ValidationSA-6
SWA-PA-03729-LA-1500831[***]SA-7
SWA-PA-03729-LA-1602486R1[***]SA-12
SWA-PA-03729-LA-2100594737-8 Remarket Production AircraftSA-12
SWA-PA-03729-LA-2100700
737-8 Open Configuration Matters –
Remarket Production Aircraft
SA-12
SWA-PA-03729-LA-2100811[***]SA-12
SWA-PA-03729-LA-2100812[***]SA-12
SWA-PA-03729-LA-2100813[***]SA-12
SWA-PA-03729-LA-2100814[***]SA-12
SWA-PA-03729-LA-2100819[***]SA-12
SWA-PA-03729-LA-2100825[***]SA-12
SWA-PA-03729-LA-2100841[***]SA-12
SWA-PA-03729SA-14
 Page 3
BOEING PROPRIETARY





LETTER AGREEMENTSTITLES
SWA-PA-03729-LA-2100984[***]SA-12
* Denotes revision to Page 1 or Page 2 only to reference 737-7 (SA-2)
SWA-PA-03729SA-14
 Page 4
BOEING PROPRIETARY






INACTIVE / DELETED TABLES, EXHIBITS, AND LETTER AGREEMENTS

RESTRICTED LETTER AGREEMENTS

Letter AgreementTitleLast Updated under SACurrent Status
SWA-PA-03729-LA-1106472R1[***]SA-2Deleted under SA-4
SWA-PA-01810/03729-LA-1301169[***]SA-2Deleted under SA-4
SWA-PA-03729SA-14
 Page 5
BOEING PROPRIETARY


Table 1A To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-8 Aircraft


Airframe Model/MTOW:     737-8
Engine Model/Thrust: CFMLEAP-1B28(2)
181,200 pounds
28,800 pounds
Detail Specification:
Airframe Price Base Year/Escalation Formula:
D019A008-P (5/1/2017) Jul-11

Non-Standard
Airframe Price:
[***]
Engine Price Base Year/Escalation Formula:
N/A
N/A
Optional Features:
    [***]
Sub-Total of Airframe and Features:
[***]
Airframe Escalation Data:
Engine Price (Per Aircraft):
[***]
Base Year Index (ECI):
[***]
Aircraft Basic Price (Excluding BFE/SPE):
[***]
Base Year Index (CPI):
[***]
Buyer Furnished Equipment (BFE) Estimate:
[***]
Seller Purchased Equipment (SPE) Estimate:
[***]



Delivery
Date*
Original
Delivery
Date*

Number of
Aircraft
Escalation
Factor
(Airframe)
Manufacturer
Serial
Number**

Escalation
Factor

[***]

Aircraft
Block



Notes
Escalation Estimate
Adv Payment Base
Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Jul-2017
Jul-2017
1
[***]
36929†
[***]
A
Note 1
[***][***][***][***][***]
Jul-2017
Jul-2017
2
[***]
42558†, 42559†
[***]
C
Note 1
[***][***][***][***][***]
Aug-2017
Aug-2017
3
[***]
36979, 36930, 36984
[***]
A
Note 1
[***][***][***][***][***]
Aug-2017
Aug-2017
1
[***]
42567
[***]
C
Note 1
[***][***][***][***][***]
Aug-2017
Aug-2017
2
[***]
42563, 42566†
[***]
C
Note 1
[***][***][***][***][***]
Sep-2017
Sep-2017
1
[***]
36934
[***]
A
Note 1
[***][***][***][***][***]
Oct-2017
Oct-2017
1
[***]
42544
[***]
A
[***][***][***][***][***]
Oct-2017
Oct-2017
1
[***]
42570
[***]
C
[***][***][***][***][***]
Nov-2017
Nov-2017
1
[***]
36988†
[***]
A
[***][***][***][***][***]
Dec-2017
Dec-2017
1
[***]
42554†
[***]
C
[***][***][***][***][***]
Mar-2018
Mar-2018
1
[***]
36989†
[***]
A
[***][***][***][***][***]
Mar-2018
Mar-2018
1
[***]
42571
[***]
C
[***][***][***][***][***]
Apr-2018
Apr-2018
1
[***]
42546
[***]
A
[***][***][***][***][***]
Jun-2018
Jun-2018
1
[***]
42572
[***]
C
[***][***][***][***][***]
Jun-2018
Jun-2018
1
[***]
42547
[***]
A
[***][***][***][***][***]
Aug-2018
Aug-2018
3
[***]
42548, 37019, 42549
[***]
A
[***][***][***][***][***]
Aug-2018
Aug-2018
1
[***]
42574
[***][***][***][***][***][***]
Aug-2018
Aug-2018
1
[***]
42575
[***][***][***][***][***][***]
Sep-2018
Sep-2018
2
[***]
42573, 42576
[***][***][***][***][***][***]
Dec-2018
Dec-2018
1
[***]
42577
[***][***][***][***][***][***]
Dec-2018
Dec-2018
4
[***]
37042, 42550, 42551, 37043
[***]
A
[***][***][***][***][***]
Feb-2021
Jul-2019
1
[***]
42633
[***][***][***][***][***][***][***]
Feb-2021
Jul-2019
2
[***]
65437, 65436
[***][***]
E OPEX
[***][***][***][***][***]
Feb-2021
Aug-2019
1
[***]
42634
[***][***][***][***][***][***][***]
Feb-2021
Dec-2019
1
[***]
36722
[***][***]
B
[***][***][***][***][***]
Feb-2021
Dec-2019
1
[***]
42537
[***][***]
A
[***][***][***][***][***]
Mar-2021
Aug-2019
1
[***]
42641
[***][***][***][***][***][***][***]
Mar-2021
Sep-2019
1
[***]
65471
[***][***]
E OPEX
[***][***][***][***][***]
SA-14
SWA-PA-03729 107813 / 108732 /117027Boeing Proprietary
Page 1


Table 1A To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-8 Aircraft



Delivery
Date*
Original
Delivery
Date*

Number of
Aircraft
Escalation
Factor
(Airframe)
Manufacturer
Serial
Number**

Escalation
Factor

[***]

Aircraft
Block



Notes
Escalation Estimate
Adv Payment Base
Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Apr-2021
Nov-2019
1
[***]
42536
[***][***]
A
[***][***][***][***][***]
Mar-2021
Aug-2019
1
[***]
42637
[***][***][***][***][***][***][***]
Mar-2021
Sep-2019
1
[***]
65438
[***][***]
E OPEX
[***][***][***][***][***]
Apr-2021
Oct-2019
2
[***]
42646, 42662
[***][***][***][***][***][***][***]
Mar-2021
Oct-2019
2
[***]
42647, 42661
[***][***][***][***][***][***][***]
Mar-2021
Oct-2019
1
[***]
65439
[***][***]
OPEX
[***][***][***][***][***]
Mar-2021
Oct-2019
1
[***]
65440
[***][***]
OPEX
[***][***][***][***][***]
Apr-2021
Nov-2019
1
[***]
42664
[***][***][***][***][***][***][***]
Apr-2021
Nov-2019
1
[***]
65473
[***][***]
D OPEX
[***][***][***][***][***]
Jan-2026
Dec-2019
1
[***]
42666
[***][***][***][***][***][***][***]
Feb-2026
Feb-2020
1
[***]
36727
[***][***]
B
[***][***][***][***][***]
Feb-2026
Mar-2020
1
[***]
42580
[***][***][***][***][***][***][***]
Mar-2026
Mar-2020
1
[***]
42579
[***][***][***][***][***][***][***]
Apr-2026
Apr-2020
1
[***]
42539
[***][***]
A
[***][***][***][***][***]
Apr-2026
Apr-2020
1
[***]
65441
[***][***]
OPEX
[***][***][***][***][***]
Jun-2026
May-2020
1
[***]
42669
[***][***][***][***][***][***][***]
Jul-2026
May-2020
1
[***]
42553
[***][***]
A
[***][***][***][***][***]
May-2026
May-2020
1
[***]
35970
[***][***]
B
[***][***][***][***][***]
Aug-2026
Jun-2020
1
[***]
42607
[***][***][***][***][***][***][***]
Sep-2026
Jun-2020
1
[***]
65442
[***][***]
OPEX
[***][***][***][***][***]
Nov-2026
Jul-2020
1
[***]
42665
[***][***][***][***][***][***][***]
Oct-2026
Jul-2020
1
[***]
42540
[***][***]
A
[***][***][***][***][***]
Nov-2026
Jul-2020
1
[***]
65443
[***][***]
OPEX
[***][***][***][***][***]
Dec-2026
Jul-2020
1
[***]
65444
[***][***]
OPEX
[***][***][***][***][***]
Feb-2027
Aug-2020
1
[***]
42672
[***][***][***][***][***][***][***]
Feb-2027
Aug-2020
1
[***]
42673
[***][***][***][***][***][***][***]
Jan-2027
Aug-2020
1
[***]
42541
[***][***]
A
[***][***][***][***][***]
Mar-2027
Aug-2020
1
[***]
65445
[***][***]
OPEX
[***][***][***][***][***]
Apr-2027
Aug-2020
1
[***]
65446
[***][***]
OPEX
[***][***][***][***][***]
May-2027
Sep-2020
1
[***]
42674
[***][***][***][***][***][***][***]
Jun-2027
Sep-2020
1
[***]
42691
[***][***][***][***][***][***][***]
Jul-2027
Sep-2020
1
[***]
42694
[***][***][***][***][***][***][***]
Apr-2027
Sep-2020
1
[***]
33941
[***][***]
B
[***][***][***][***][***]
Aug-2027
Sep-2020
1
[***]
65472
[***][***]
OPEX
[***][***][***][***][***]
Sep-2027
Sep-2020
1
[***]
65447
[***][***]
OPEX
[***][***][***][***][***]
Oct-2027
Sep-2020
1
[***]
65448
[***][***]
OPEX
[***][***][***][***][***]
Nov-2027
Oct-2020
1
[***]
42615
[***][***][***][***][***][***][***]
Nov-2027
Oct-2020
1
[***]
42543
[***][***]
A
[***][***][***][***][***]
Dec-2027
Oct-2020
1
[***]
65474
[***][***]
OPEX
[***][***][***][***][***]
SA-14
SWA-PA-03729 107813 / 108732 /117027Boeing Proprietary
Page 2


Table 1A To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-8 Aircraft



Delivery
Date*
Original
Delivery
Date*

Number of
Aircraft
Escalation
Factor
(Airframe)
Manufacturer
Serial
Number**

Escalation
Factor

[***]

Aircraft
Block



Notes
Escalation Estimate
Adv Payment Base
Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Feb-2028
Nov-2020
1
[***]
42697
[***][***][***][***][***][***][***]
Feb-2028
Nov-2020
1
[***]
42699
[***][***][***][***][***][***][***]
Jan-2028
Nov-2020
1
[***]
36733
[***][***]
B
[***][***][***][***][***]
Mar-2028
Nov-2020
1
[***]
65475
[***][***]
D OPEX
[***][***][***][***][***]
Apr-2028
Dec-2020
1
[***]
42703
[***][***][***][***][***][***][***]
Apr-2028
Dec-2020
1
[***]
33940
[***][***]
B
[***][***][***][***][***]
May-2028
Jan-2021
1
[***]
35974
[***][***]
B
[***][***][***][***][***]
Jun-2028
Jan-2021
1
[***]
65450
[***][***]
D OPEX
[***][***][***][***][***]
Jul-2028
Jan-2021
1
[***]
65449
[***][***]
OPEX
[***][***][***][***][***]
Sep-2028
Feb-2021
1
[***]
65451
[***][***]
D OPEX
[***][***][***][***][***]
Aug-2028
Feb-2021
1
[***]
65835
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Oct-2028
Mar-2021
1
[***]
42648
[***][***][***][***][***][***][***]
Nov-2028
Mar-2021
1
[***]
65452
[***][***]
OPEX
[***][***][***][***][***]
Nov-2028
Apr-2021
1
[***]
42650
[***][***][***][***][***][***][***]
Dec-2028
Apr-2021
1
[***]
42651
[***][***][***][***][***][***][***]
Jan-2029
Apr-2021
1
[***]
42649
[***][***][***][***][***][***][***]
Jan-2029
Apr-2021
1
[***]
65454
[***][***]
D OPEX
[***][***][***][***][***]
Feb-2029
Apr-2021
1
[***]
65453
[***][***]
OPEX
[***][***][***][***][***]
Feb-2029
May-2021
1
[***]
42652
[***][***][***][***][***][***][***]
Feb-2029
May-2021
1
[***]
42653
[***][***][***][***][***][***][***]
Mar-2029
May-2021
1
[***]
42654
[***][***][***][***][***][***][***]
Mar-2029
May-2021
1
[***]
65455
[***][***]
D OPEX
[***][***][***][***][***]
Mar-2029
May-2021
1
[***]
65456
[***][***]
OPEX
[***][***][***][***][***]
Apr-2029
Jun-2021
1
[***]
42655
[***][***][***][***][***][***][***]
Apr-2029
Jun-2021
1
[***]
42656
[***][***][***][***][***][***][***]
Apr-2029
Jun-2021
1
[***]
42670
[***][***][***][***][***][***][***]
May-2029
Jun-2021
1
[***]
65457
[***][***]
D OPEX
[***][***][***][***][***]
May-2029
Jul-2021
1
[***]
42658
[***][***][***][***][***][***][***]
Jun-2029
Jul-2021
1
[***]
65460
[***][***]
D OPEX
[***][***][***][***][***]
Jul-2029
Jul-2021
1
[***]
65459
[***][***]
OPEX
[***][***][***][***][***]
Jun-2029
Jul-2021
1
[***]
65458
[***][***]
OPEX
[***][***][***][***][***]
May-2029
Jul-2021
1
[***]
65834
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Sep-2029
Aug-2021
1
[***]
65461
[***][***]
D OPEX
[***][***][***][***][***]
Jul-2029
Aug-2021
1
[***]
65836
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Aug-2029
Aug-2021
1
[***]
65837
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Aug-2029
Aug-2021
1
[***]
65838
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Aug-2029
Aug-2021
1
[***]
65839
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Sep-2029
Aug-2021
1
[***]
66974
[***][***]
Note 4
[***][***][***][***][***]
Nov-2029
Sep-2021
1
[***]
65462
[***][***]
OPEX
[***][***][***][***][***]
SA-14
SWA-PA-03729 107813 / 108732 /117027Boeing Proprietary
Page 3


Table 1A To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-8 Aircraft



Delivery
Date*
Original
Delivery
Date*

Number of
Aircraft
Escalation
Factor
(Airframe)
Manufacturer
Serial
Number**

Escalation
Factor

[***]

Aircraft
Block



Notes
Escalation Estimate
Adv Payment Base
Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Oct-2029
Sep-2021
1
[***]
65463
[***][***]
OPEX
[***][***][***][***][***]
Oct-2029
Sep-2021
1
[***]
65840
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Oct-2029
Sep-2021
1
[***]
65841
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Nov-2029
Oct-2021
1
[***]
65466
[***][***]
D OPEX
[***][***][***][***][***]
Dec-2029
Oct-2021
1
[***]
65465
[***][***]
OPEX
[***][***][***][***][***]
Dec-2029
Oct-2021
1
[***]
65464
[***][***]
OPEX
[***][***][***][***][***]
Jan-2030
Nov-2021
1
[***]
65467
[***][***]
D OPEX
[***][***][***][***][***]
Jan-2030
Dec-2021
1
[***]
65468
[***][***]
OPEX
[***][***][***][***][***]
Jan-2030
Dec-2021
1
[***]
65842
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Jan-2030
Dec-2021
1
[***]
65843
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Feb-2030
Jan-2022
1
[***]
65469
[***][***]
D OPEX
[***][***][***][***][***]
Feb-2030
Jan-2022
1
[***]
65470
[***][***]
OPEX
[***][***][***][***][***]
Feb-2030
Apr-2022
1
[***]
65844
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Mar-2030
Jul-2022
1
[***]
65855
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Mar-2030
Jul-2022
1
[***]
65853
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Mar-2030
Jul-2022
1
[***]
65851
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Mar-2030
Aug-2022
1
[***]
65845
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Apr-2030
Aug-2022
1
[***]
65847
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Apr-2030
Aug-2022
1
[***]
65849
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Apr-2030
Oct-2022
1
[***]
65857
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Apr-2030
Oct-2022
1
[***]
65859
[***][***]
OPEX
Note 3
[***][***][***][***][***]
May-2030
Dec-2022
1
[***]
65861
[***][***]
OPEX
Note 3
[***][***][***][***][***]
May-2030
Mar-2023
1
[***]
36732
[***][***]
B
[***][***][***][***][***]
May-2030
Apr-2023
1
[***]
38806
[***][***]
B
[***][***][***][***][***]
May-2030
Jun-2023
1
[***]
37034
[***][***]
A
[***][***][***][***][***]
Jun-2030
Aug-2023
1
[***]
42552
[***][***]
A
[***][***][***][***][***]
Jun-2030
Oct-2023
1
[***]
42538
[***][***]
A
[***][***][***][***][***]
Jun-2030
Nov-2023
1
[***]
38815
[***][***]
B
[***][***][***][***][***]
Jul-2030
Mar-2024
1
[***]
38817
[***][***]
B
[***][***][***][***][***]
Jul-2030
Mar-2024
1
[***]
35968
[***][***]
B
[***][***][***][***][***]
Jul-2030
Mar-2024
1
[***]
35972
[***][***]
B
[***][***][***][***][***]
Jul-2030
Apr-2024
1
[***]
36736
[***][***]
B
[***][***][***][***][***]
Aug-2030
Jun-2024
1
[***]
42542
[***][***]
A
[***][***][***][***][***]
Aug-2030
Jul-2024
1
[***]
35963
[***][***]
B
[***][***][***][***][***]
Aug-2030
Jul-2024
1
[***]
35967
[***][***]
B
[***][***][***][***][***]
Aug-2030
Sep-2024
1
[***]
36730
[***][***]
B
[***][***][***][***][***]
Sep-2030
Nov-2024
1
[***]
35971
[***][***]
B
[***][***][***][***][***]
Sep-2030
Dec-2024
1
[***]
35975
[***][***]
B
[***][***][***][***][***]
Sep-2030
Jan-2025
1
[***]
38804
[***][***]
B
[***][***][***][***][***]
SA-14
SWA-PA-03729 107813 / 108732 /117027Boeing Proprietary
Page 4


Table 1A To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-8 Aircraft



Delivery
Date*
Original
Delivery
Date*

Number of
Aircraft
Escalation
Factor
(Airframe)
Manufacturer
Serial
Number**

Escalation
Factor

[***]

Aircraft
Block



Notes
Escalation Estimate
Adv Payment Base
Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Sep-2030
Jan-2025
1
[***]
38805
[***][***]
B
[***][***][***][***][***]
Oct-2030
Jan-2025
1
[***]
65863
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Oct-2030
Jan-2025
1
[***]
65865
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Oct-2030
Feb-2025
1
[***]
36729
[***][***]
B
[***][***][***][***][***]
Nov-2030
Feb-2025
1
[***]
65868
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Nov-2030
Feb-2025
1
[***]
65869
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Nov-2030
Mar-2025
1
[***]
65870
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Nov-2030
Mar-2025
1
[***]
65871
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Dec-2030
Apr-2025
1
[***]
65872
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Dec-2030
Apr-2025
1
[***]
65873
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Dec-2030
May-2025
1
[***]
65846
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Dec-2030
May-2025
1
[***]
65848
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Jan-2031
Jun-2025
1
[***]
65852
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Feb-2031
Jun-2025
1
[***]
65850
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Mar-2031
Jul-2025
1
[***]
65854
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Apr-2031
Jul-2025
1
[***]
65856
[***][***]
OPEX
Note 3
[***][***][***][***][***]
May-2031
Aug-2025
1
[***]
65860
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Jun-2031
Aug-2025
1
[***]
65858
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Jul-2031
Sep-2025
1
[***]
65862
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Aug-2031
Oct-2025
1
[***]
65864
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Sep-2031
Nov-2025
1
[***]
65866
[***][***]
OPEX
Note 3
[***][***][***][***][***]
Oct-2031
Dec-2025
1
[***]
65867
[***][***]
OPEX
Note 3
[***][***][***][***][***]

Total:
180

* [***]
** Manufacturer Serial Numbers (MSN) are for reference only and are subject to change.
[***]
Notes:
(1) [***]
(2) [***]
(3) [***]
(4) [***]
SA-14
SWA-PA-03729 107813 / 108732 /117027Boeing Proprietary
Page 5


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft


Airframe Model/MTOW:

Engine Model/Thrust:
737-7     77,000 pounds
CFMLEAP-1B27C(1) 26,400 pounds
Detail Specification:

Airframe Price Base Year/Escalation Formula:
D019A008SWA

Jul-11
17P-1

ECI-MFG/CPI
Airframe Price:
[***]
Engine Price Base Year/Escalation Formula:
N/AN/A
Optional Features:
    [***]
Sub-Total of Airframe and Features:
[***]
Airframe Escalation Data:
Engine Price (Per Aircraft):
[***]
Base Year Index (ECI):
[***]
Aircraft Basic Price (Excluding BFE/SPE):
[***]
Base Year Index (CPI):
[***]
Buyer Furnished Equipment (BFE) Estimate:
[***]
Seller Purchased Equipment (SPE) Estimate:
[***]


Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
Jan-2022
Apr-2019
1
[***]42586[***][***][***][***][***][***][***]
Jan-2022
Apr-2019
1
[***]42587[***][***][***][***][***][***][***]
Jan-2022
Apr-2019
1
[***]42588[***][***][***][***][***][***][***]
Jan-2022
May-2019
1
[***]42589[***][***][***][***][***][***][***]
Feb-2022
May-2019
1
[***]42590[***][***][***][***][***][***][***]
Feb-2022
Aug-2019
1
[***]42561[***][***][***][***][***][***][***]
Feb-2022
Aug-2019
1
[***]42569[***][***][***][***][***][***][***]
May-2022
Oct-2023
1
[***]42614[***][***][***][***][***][***][***]
May-2022
Feb-2024
1
[***]42620[***][***][***][***][***][***][***]
May-2022
Mar-2024
1
[***]42621[***][***][***][***][***][***][***]
May-2022
Apr-2024
1
[***]42623[***][***][***][***][***][***][***]
May-2022
May-2024
1
[***]42627[***][***][***][***][***][***][***]
May-2022
Jun-2024
1
[***]42629[***][***][***][***][***][***][***]
May-2022
Jul-2024
1
[***]42631[***][***][***][***][***][***][***]
Jun-2022
Jan-2023
1
[***]42591[***][***][***][***][***][***][***]
Jun-2022
Feb-2023
1
[***]42592[***][***][***][***][***][***][***]
Jun-2022
Mar-2023
1
[***]42595[***][***][***][***][***][***][***]
Jun-2022
Apr-2023
1
[***]42598[***][***][***][***][***][***][***]
Jun-2022
May-2023
1
[***]42600[***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 1


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
Jun-2022
Aug-2024
1
[***]42632[***][***][***][***][***][***][***]
Jul-2022
Jun-2023
1
[***]42602[***][***][***][***][***][***][***]
Jul-2022
Jul-2023
1
[***]42603[***][***][***][***][***][***][***]
Jul-2022
Aug-2023
1
[***]42604[***][***][***][***][***][***][***]
Jul-2022
Sep-2023
1
[***]42609[***][***][***][***][***][***][***]
Jul-2022
Sep-2024
1
[***]42635[***][***][***][***][***][***][***]
Jul-2022
Oct-2024
1
[***]42638[***][***][***][***][***][***][***]
Jul-2022
Nov-2024
1
[***]42642[***][***][***][***][***][***][***]
Aug-2022
Nov-2023
1
[***]42613[***][***][***][***][***][***][***]
Aug-2022
Dec-2023
1
[***]42616[***][***][***][***][***][***][***]
Aug-2022
Jan-2024
1
[***]42618[***][***][***][***][***][***][***]
Aug-2022
Jan-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Aug-2022
Jan-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Aug-2022
Jan-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Aug-2022
Feb-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Aug-2022
Feb-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Aug-2022
Feb-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Aug-2022
Mar-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
Mar-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
Mar-2024
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
Sep-2022
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
Sep-2022
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
Apr-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
Apr-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
May-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
May-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Sep-2022
May-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Jun-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Jun-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 2


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
Oct-2022
Jul-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Jul-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Aug-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Aug-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Sep-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Nov-2022
Sep-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Nov-2022
Sep-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Nov-2022
Oct-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Nov-2022
Oct-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Nov-2022
Oct-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Nov-2022
Nov-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Dec-2022
Nov-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Dec-2022
Nov-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Dec-2022
Dec-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Dec-2022
Dec-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Dec-2022
Jan-2029
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Jan-2023
Jul-21
1
[***]42657[***][***]
***737-8 Sub
[***][***][***][***][***]
Jan-2023
Jul-21
1
[***]42671[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2023
Mar-22
1
[***]42679[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2023
Mar-22
1
[***]42678[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2023
Apr-22
1
[***]42688[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2023
Apr-22
1
[***]42681[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2023
Apr-22
1
[***]42680[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2023
May-22
1
[***]42684[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2023
May-22
1
[***]42683[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2023
May-22
1
[***]42682[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2023
Jun-22
1
[***]42687[***][***]
***737-8 Sub
[***][***][***][***][***]
May-2023
Jun-22
1
[***]42686[***][***]
***737-8 Sub
[***][***][***][***][***]
May-2023
Jun-22
1
[***]42685[***][***]
***737-8 Sub
[***][***][***][***][***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 3


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
May-2023
Jul-22
1
[***]42690[***][***]
***737-8 Sub
[***][***][***][***][***]
Jun-2023
Jul-22
1
[***]42689[***][***]
***737-8 Sub
[***][***][***][***][***]
Jun-2023
Aug-22
1
[***]42693[***][***]
***737-8 Sub
[***][***][***][***][***]
Jul-2023
Aug-22
1
[***]42695[***][***]
***737-8 Sub
[***][***][***][***][***]
Jul-2023
Jan-23
1
[***]42565[***][***]
***737-8 Sub
[***][***][***][***][***]
Aug-2023
Jan-23
1
[***]42560[***][***]
***737-8 Sub
[***][***][***][***][***]
Aug-2023
Feb-23
1
[***]42562[***][***]
***737-8 Sub
[***][***][***][***][***]
Aug-2023
Feb-23
1
[***]42564[***][***]
***737-8 Sub
[***][***][***][***][***]
Sep-2023
Mar-23
1
[***]42557[***][***]
***737-8 Sub
[***][***][***][***][***]
Sep-2023
Apr-23
1
[***]42555[***][***]
***737-8 Sub
[***][***][***][***][***]
Oct-2023
May-23
1
[***]42594[***][***]
***737-8 Sub
[***][***][***][***][***]
Oct-2023
May-23
1
[***]42568[***][***]
***737-8 Sub
[***][***][***][***][***]
Oct-2023
Jun-23
1
[***]42581[***][***]
***737-8 Sub
[***][***][***][***][***]
Nov-2023
Jul-23
1
[***]42582[***][***]
***737-8 Sub
[***][***][***][***][***]
Nov-2023
Jul-23
1
[***]42597[***][***]
***737-8 Sub
[***][***][***][***][***]
Dec-2023
Aug-23
1
[***]42593[***][***]
***737-8 Sub
[***][***][***][***][***]
Dec-2023
Sep-23
1
[***]42578[***][***]
***737-8 Sub
[***][***][***][***][***]
Jan-2024
Sep-23
1
[***]42601[***][***]
***737-8 Sub
[***][***][***][***][***]
Jan-2024
Oct-23
1
[***]42605[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2024
Dec-23
1
[***]42583[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2024
Jan-24
1
[***]42584[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2024
Jan-24
1
[***]42585[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2024
Jan-24
1
[***]42611[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2024
Feb-24
1
[***]42596[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2024
Feb-24
1
[***]42599[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2024
Feb-24
1
[***]42612[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2024
Apr-24
1
[***]42606[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2024
Apr-24
1
[***]42617[***][***]
***737-8 Sub
[***][***][***][***][***]
May-2024
May-24
1
[***]42608[***][***]
***737-8 Sub
[***][***][***][***][***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 4


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
May-2024
May-24
1
[***]42619[***][***]
***737-8 Sub
[***][***][***][***][***]
May-2024
May-24
1
[***]42622[***][***]
***737-8 Sub
[***][***][***][***][***]
Jun-2024
Jun-24
1
[***]42610[***][***]
***737-8 Sub
[***][***][***][***][***]
Jun-2024
Aug-24
1
[***]42626[***][***]
***737-8 Sub
[***][***][***][***][***]
Jul-2024
Aug-24
1
[***]42624[***][***]
***737-8 Sub
[***][***][***][***][***]
Jul-2024
Sep-24
1
[***]42630[***][***]
***737-8 Sub
[***][***][***][***][***]
Aug-2024
Oct-24
1
[***]42625[***][***]
***737-8 Sub
[***][***][***][***][***]
Aug-2024
Oct-24
1
[***]42636[***][***]
***737-8 Sub
[***][***][***][***][***]
Aug-2024
Nov-24
1
[***]42639[***][***]
***737-8 Sub
[***][***][***][***][***]
Sep-2024
Dec-24
1
[***]42640[***][***]
***737-8 Sub
[***][***][***][***][***]
Sep-2024
Dec-24
1
[***]42628[***][***]
***737-8 Sub
[***][***][***][***][***]
Oct-2024
Feb-25
1
[***]42643[***][***]
***737-8 Sub
[***][***][***][***][***]
Oct-2024
Mar-25
1
[***]42645[***][***]
***737-8 Sub
[***][***][***][***][***]
Oct-2024
Mar-25
1
[***]42644[***][***]
***737-8 Sub
[***][***][***][***][***]
Nov-2024
Apr-25
1
[***]42659[***][***]
***737-8 Sub
[***][***][***][***][***]
Nov-2024
Apr-25
1
[***]42660[***][***]
***737-8 Sub
[***][***][***][***][***]
Dec-2024
May-25
1
[***]42663[***][***]
***737-8 Sub
[***][***][***][***][***]
Dec-2024
Jun-25
1
[***]42667[***][***]
***737-8 Sub
[***][***][***][***][***]
Jan-2025
Jul-25
1
[***]42668[***][***]
***737-8 Sub
[***][***][***][***][***]
Jan-2025
Aug-25
1
[***]42675[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2025
Sep-25
1
[***]42677[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2025
Sep-25
1
[***]42676[***][***]
***737-8 Sub
[***][***][***][***][***]
Feb-2025
Oct-25
1
[***]42692[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2025
Oct-25
1
[***]42696[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2025
Nov-25
1
[***]42698[***][***]
***737-8 Sub
[***][***][***][***][***]
Mar-2025
Nov-25
1
[***]42700[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2025
Dec-25
1
[***]42702[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2025
Dec-25
1
[***]42701[***][***]
***737-8 Sub
[***][***][***][***][***]
Apr-2025
1
[***]67319[***][***][***][***][***][***]
[***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 5


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
May-2025
1
[***]67321[***][***][***][***][***][***][***]
May-2025
1
[***]67320[***][***][***][***][***][***][***]
May-2025
1
[***]67322[***][***][***][***][***][***][***]
Jun-2025
1
[***]67323[***][***][***][***][***][***][***]
Jun-2025
1
[***]67324[***][***][***][***][***][***][***]
Jul-2025
1
[***]67325[***][***][***][***][***][***][***]
Jul-2025
1
[***]67326[***][***][***][***][***][***][***]
Aug-2025
1
[***]67328[***][***][***][***][***][***][***]
Aug-2025
1
[***]67327[***][***][***][***][***][***][***]
Sep-2025
1
[***]67330[***][***][***][***][***][***][***]
Sep-2025
1
[***]67329[***][***][***][***][***][***][***]
Oct-2025
1
[***]67333[***][***][***][***][***][***][***]
Oct-2025
1
[***]67332[***][***][***][***][***][***][***]
Oct-2025
1
[***]67331[***][***][***][***][***][***][***]
Nov-2025
1
[***]67335[***][***][***][***][***][***][***]
Nov-2025
1
[***]67334[***][***][***][***][***][***][***]
Dec-2025
1
[***]67338[***][***][***][***][***][***][***]
Dec-2025
1
[***]67337[***][***][***][***][***][***][***]
Dec-2025
1
[***]67336[***][***][***][***][***][***][***]
Jan-2026
1
[***]67339[***][***][***][***][***][***][***]
Feb-2026
1
[***]67340[***][***][***][***][***][***][***]
Mar-2026
1
[***]67342[***][***][***][***][***][***][***]
Mar-2026
1
[***]67341[***][***][***][***][***][***][***]
Apr-2026
1
[***]67343[***][***][***][***][***][***][***]
May-2026
1
[***]67345[***][***][***][***][***][***][***]
May-2026
1
[***]67344[***][***][***][***][***][***][***]
Jun-2026
1
[***]67346[***][***][***][***][***][***][***]
Jul-2026
1
[***]67347[***][***][***][***][***][***][***]
Aug-2026
1
[***]67348[***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 6


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
Sep-2026
1
[***]67349[***][***][***][***][***][***][***]
Oct-2026
1
[***]67351[***][***][***][***][***][***][***]
Oct-2026
1
[***]67350[***][***][***][***][***][***][***]
Nov-2026
1
[***]67352[***][***][***][***][***][***][***]
Dec-2026
1
[***]67353[***][***][***][***][***][***][***]
Jan-2027
1
[***]67354[***][***][***][***][***][***][***]
Feb-2027
1
[***]67355[***][***][***][***][***][***][***]
Mar-2027
1
[***]67357[***][***][***][***][***][***][***]
Mar-2027
1
[***]67356[***][***][***][***][***][***][***]
Apr-2027
1
[***]67358[***][***][***][***][***][***][***]
May-2027
1
[***]67360[***][***][***][***][***][***][***]
May-2027
1
[***]67359[***][***][***][***][***][***][***]
Jun-2027
1
[***]67361[***][***][***][***][***][***][***]
Jul-2027
1
[***]67362[***][***][***][***][***][***][***]
Aug-2027
1
[***]67363[***][***][***][***][***][***][***]
Sep-2027
1
[***]67364[***][***][***][***][***][***][***]
Oct-2027
1
[***]67366[***][***][***][***][***][***][***]
Oct-2027
1
[***]67365[***][***][***][***][***][***][***]
Nov-2027
1
[***]67367[***][***][***][***][***][***][***]
Dec-2027
1
[***]67368[***][***][***][***][***][***][***]
Jan-2028
1
[***]67369[***][***][***][***][***][***][***]
Feb-2028
1
[***]67370[***][***][***][***][***][***][***]
Mar-2028
1
[***]67372[***][***][***][***][***][***][***]
Mar-2028
1
[***]67371[***][***][***][***][***][***][***]
Apr-2028
1
[***]67373[***][***][***][***][***][***][***]
May-2028
1
[***]67375[***][***][***][***][***][***][***]
May-2028
1
[***]67374[***][***][***][***][***][***][***]
Jun-2028
1
[***]67376[***][***][***][***][***][***][***]
Jul-2028
1
[***]67377[***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 7


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
Aug-2028
1
[***]67378[***][***][***][***][***][***][***]
Sep-2028
1
[***]67379[***][***][***][***][***][***][***]
Oct-2028
1
[***]67381[***][***][***][***][***][***][***]
Oct-2028
1
[***]67380[***][***][***][***][***][***][***]
Nov-2028
1
[***]67382[***][***][***][***][***][***][***]
Dec-2028
1
[***]67383[***][***][***][***][***][***][***]
Jan-2029
1
[***]67385[***][***][***][***][***][***][***]
Jan-2029
1
[***]67384[***][***][***][***][***][***][***]
Feb-2029
1
[***]67386[***][***][***][***][***][***][***]
Mar-2029
1
[***]67388[***][***][***][***][***][***][***]
Mar-2029
1
[***]67387[***][***][***][***][***][***][***]
Apr-2029
1
[***]67389[***][***][***][***][***][***][***]
May-2029
1
[***]67391[***][***][***][***][***][***][***]
May-2029
1
[***]67390[***][***][***][***][***][***][***]
Jun-2029
1
[***]67393[***][***][***][***][***][***][***]
Jun-2029
1
[***]67392[***][***][***][***][***][***][***]
Jul-2029
1
[***]67395[***][***][***][***][***][***][***]
Jul-2029
1
[***]67394[***][***][***][***][***][***][***]
Aug-2029
1
[***]67397[***][***][***][***][***][***][***]
Aug-2029
1
[***]67396[***][***][***][***][***][***][***]
Sep-2029
1
[***]67399[***][***][***][***][***][***][***]
Sep-2029
1
[***]67398[***][***][***][***][***][***][***]
Oct-2029
1
[***]67400[***][***][***][***][***][***][***]
Nov-2029
1
[***]67401[***][***][***][***][***][***][***]
Dec-2029
1
[***]67403[***][***][***][***][***][***][***]
Dec-2029
1
[***]67402[***][***][***][***][***][***][***]
Jan-2030
1
[***]67404[***][***][***][***][***][***][***]
Feb-2030
1
[***]67405[***][***][***][***][***][***][***]
Mar-2030
1
[***]67407[***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 8


Table 1B To
Purchase Agreement No. PA-03729
Aircraft Delivery, Description, Price and Advance Payments
737-7 Aircraft



Delivery

Date*
Original Delivery Date*


Number of

Aircraft
Escalation Factor (Airframe)
Manufacturer
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

Serial

Number**

Escalation

Factor

[***]1


Note
At Signing

[***]
24 Mos.

[***]
21/18/12/9/6 Mos.

[***]
Total

[***]
Mar-2030
1
[***]67406[***][***][***][***][***][***][***]
Apr-2030
1
[***]67408[***][***][***][***][***][***][***]
May-2030
1
[***]67409[***][***][***][***][***][***][***]
May-2030
1
[***]67410[***][***][***][***][***][***][***]
Jun-2030
1
[***]67411[***][***][***][***][***][***][***]
Jul-2030
1
[***]67412[***][***][***][***][***][***][***]
Aug-2030
1
[***]67413[***][***][***][***][***][***][***]
Sep-2030
1
[***]67414[***][***][***][***][***][***][***]
Oct-2030
1
[***]67416[***][***][***][***][***][***][***]
Oct-2030
1
[***]67415[***][***][***][***][***][***][***]
Nov-2030
1
[***]67417[***][***][***][***][***][***][***]
Dec-2030
1
[***]67418[***][***][***][***][***][***][***]

Total:
234





* [***]
** Manufacturer Serial Numbers (MSN) are for reference only and are subject to change.
*** [***]
Notes:
(1) [***]



SA-14
SWA-PA-03729 107953-1F 116795-1FBoeing Confidential
Page 9



image_41.jpg




The Boeing Company
P.O. Box 3707
Seattle, WA 981242207

SWA-PA-03729-LA-1106474R5
Southwest Airlines Co.
2702 Love Field Drive
P.O. Box 36611
Dallas, Texas 75235-1611
Subject:    Option Aircraft
Reference:    Purchase Agreement No. PA-03729 (Purchase Agreement) between The Boeing Company (Boeing) and Southwest Airlines Co. (Customer) relating to Model 737-8 aircraft and Model 737-7 aircraft
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
1.Right to Purchase Option Aircraft.
Subject to the terms and conditions contained in this Letter Agreement, in addition to the Aircraft described in Table 1 to the Purchase Agreement as of the date of execution of this Letter Agreement, Customer will have the option to purchase additional Boeing Model 7378 aircraft as option aircraft (Option Aircraft).
2.Delivery.
The number of Option Aircraft and delivery dates are listed in the Attachment 1-A, 1-B, and 1-C (collectively Attachment 1) to this Letter Agreement. The Attachment 1-A Aircraft are the Original Option Aircraft (Original Option Aircraft), the Attachment 1-B Aircraft are the 2020 Option Aircraft (2020 Option Aircraft) and the Attachment 1-C Aircraft are the 2021 Option Aircraft (2021 Option Aircraft).
3.Configuration.
3.1 Subject to the provisions of Article 3.2, below, the configuration for the Option Aircraft will be the Detail Specification for Boeing Model 7378 aircraft at the revision level in effect at the time of Definitive Agreement (as defined in Article 8). Such Detail Specification will be revised to include (i) changes applicable to the Detail Specification that are developed by Boeing between the Option Exercise Date (as defined below) and the signing of the Definitive Agreement, (ii) changes required to obtain required regulatory certificates, and (iii) other changes as mutually agreed.
SWA-PA-03729-LA-1106474R5
SA-14
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Page 1
BOEING PROPRIETARY



image_41.jpg





3.2 Boeing reserves the right to configure the Option Aircraft starting from a different configuration specification, provided that it can achieve the same configuration which would result pursuant to the provisions of Article 3.1.
4.     [***]







5.     [***]



SWA-PA-03729-LA-1106474R5
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Page 2
BOEING PROPRIETARY



image_41.jpg





6. [***]






7. [***]


8. [***]






9. Assignment.
Notwithstanding any other provisions of the Purchase Agreement, the rights and obligations described in this Letter Agreement are provided to Customer in consideration of Customer’s becoming the operator of the Option Aircraft and cannot be assigned in whole or in part.
SWA-PA-03729-LA-1106474R5
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Page 3
BOEING PROPRIETARY



image_41.jpg






10. Confidentiality
Customer understands that certain commercial and financial information contained in this Letter Agreement is considered by Boeing as confidential and has value precisely because it is not available generally to other parties. Customer agrees to limit the disclosure of the contents of this Letter Agreement to (a) its directors and officers, (b) employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this Article) without the prior written consent of Boeing and (c) any auditors and attorneys of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this Article, or are otherwise bound by a confidentiality obligation. Disclosure to other parties is not permitted without Boeing’s consent except as may be required by applicable law or governmental regulations. Customer shall be fully responsible to Boeing for compliance with such obligations.

SWA-PA-03729-LA-1106474R5
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Page 4
BOEING PROPRIETARY


image_41.jpg











Very truly yours,

THE BOEING COMPANY
By/s/ Carson J May
NameCarson J. May
ItsAttorney-In-Fact
ACCEPTED AND AGREED TO this
Date:May 28, 2021
SOUTHWEST AIRLINES CO.
By

/s/ Chris Monroe
Name

Chris Monroe
ItsSVP Finance and Treasurer

SWA-PA-03729-LA-1106474R5
SA-14
Option Aircraft
Page 5
BOEING PROPRIETARY


Attachment 1-A to
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:    737-8
Engine Model/Thrust:    CFMLEAP-1B28(1)
181,200 pounds
28,800 pounds
Detail Specification:
Airframe Price Base Year/Escalation Formula:
D019A008-S (5/1/2017) Jul-11


ECI-MFG/CPI
Airframe Price:
[***]
Engine Price Base Year/Escalation Formula:
N/AN/A
Optional Features:
     [***]
Sub-Total of Airframe and Features:
[***]
Airframe Escalation Data:
Engine Price (Per Aircraft):
[***]
Base Year Index (ECI):
[***]
Aircraft Basic Price (Excluding BFE/SPE):
[***]
Base Year Index (CPI):
[***]
Buyer Furnished Equipment (BFE) Estimate:
[***]
Seller Purchased Equipment (SPE) Estimate:
[***]

Non-Refundable Deposit/Aircraft at Def Agreement:

[***]

Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline

[***]



Note



MSN
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Mar-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67206
[***][***][***][***][***]
Mar-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67205
[***][***][***][***][***]
Mar-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67207
[***][***][***][***][***]
Mar-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67208
[***][***][***][***][***]
Mar-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67209
[***][***][***][***][***]
Apr-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67210
[***][***][***][***][***]
Apr-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67211
[***][***][***][***][***]
Apr-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67212
[***][***][***][***][***]
Apr-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67213
[***][***][***][***][***]
Apr-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67214
[***][***][***][***][***]
Apr-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67216
[***][***][***][***][***]
Apr-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67215
[***][***][***][***][***]
May-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
May-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67218
[***][***][***][***][***]
May-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
67217
[***][***][***][***][***]
Jun-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jun-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jun-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jul-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jul-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jul-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Aug-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Aug-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Aug-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Sep-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Oct-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
SA-14
SWA-PA-03729-LA-1106474 107813 116801-1F.txtBoeing Proprietary
Page 1


Attachment 1-A to
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments


Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline

[***]



Note



MSN
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Oct-2022
1
[***][***][***][***][***][***][***][***]
Oct-2022
1
[***][***][***][***][***][***][***][***]
Oct-2022
1
[***][***][***][***][***][***][***][***]
Nov-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Nov-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Nov-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Nov-2022
1
[***][***][***][***][***][***][***][***]
Nov-2022
1
[***][***][***][***][***][***][***][***]
Nov-2022
1
[***][***][***][***][***][***][***][***]
Dec-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Dec-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Dec-2022
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Dec-2022
1
[***][***][***][***][***][***][***][***]
Dec-2022
1
[***][***][***][***][***][***][***][***]
Jan-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jan-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jan-2023
1
[***][***][***][***][***][***][***][***]
Feb-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Feb-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Feb-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Mar-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Mar-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Mar-2023
1
[***][***][***][***][***][***][***][***]
Apr-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Apr-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
May-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
May-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
May-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jun-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jun-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jul-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jul-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jul-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Jul-2023
1
[***][***][***][***][***][***][***][***]
Jul-2023
1
[***][***][***][***][***][***][***][***]
Aug-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Aug-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Sep-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
SA-14
SWA-PA-03729-LA-1106474 107813 116801-1F.txtBoeing Proprietary
Page 2


Attachment 1-A to
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments


Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline

[***]



Note



MSN
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Sep-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Sep-2023
1
[***][***][***][***][***][***][***][***]
Sep-2023
1
[***][***][***][***][***][***][***][***]
Oct-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Oct-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Oct-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Nov-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Nov-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Nov-2023
1
[***][***][***][***][***][***][***][***]
Nov-2023
1
[***][***][***][***][***][***][***][***]
Dec-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Dec-2023
1
[***][***][***]
[***]1
Remarket Aircraft**
[***][***][***][***][***]
Dec-2023
1
[***][***][***][***][***][***][***][***]
Dec-2023
1
[***][***][***][***][***][***][***][***]
Mar-2024
1
[***][***][***][***][***][***][***][***][***]
Apr-2024
1
[***][***][***][***][***][***][***][***][***]
Apr-2024
1
[***][***][***][***][***][***][***][***][***]
Apr-2024
1
[***][***][***][***][***][***][***][***][***]
Apr-2024
1
[***][***][***][***][***][***][***][***][***]
May-2024
1
[***][***][***][***][***][***][***][***][***]
May-2024
1
[***][***][***][***][***][***][***][***][***]
May-2024
1
[***][***][***][***][***][***][***][***][***]
Jun-2024
1
[***][***][***][***][***][***][***][***][***]
Jun-2024
1
[***][***][***][***][***][***][***][***][***]
Jun-2024
1
[***][***][***][***][***][***][***][***][***]
Jan-2025
1
[***][***][***][***][***][***][***][***][***]
Jan-2025
1
[***][***][***][***][***][***][***][***][***]
Jan-2025
1
[***][***][***][***][***][***][***][***][***]
Feb-2025
1
[***][***][***][***][***][***][***][***][***]
Feb-2025
1
[***][***][***][***][***][***][***][***][***]
Feb-2025
1
[***][***][***][***][***][***][***][***][***]
Mar-2025
1
[***][***][***][***][***][***][***][***][***]
Mar-2025
1
[***][***][***][***][***][***][***][***][***]
Mar-2025
1
[***][***][***][***][***][***][***][***][***]
Mar-2025
1
[***][***][***][***][***][***][***][***][***]
Apr-2025
1
[***][***][***][***][***][***][***][***][***]
Apr-2025
1
[***][***][***][***][***][***][***][***][***]
Apr-2025
1
[***][***][***][***][***][***][***][***][***]
SA-14
SWA-PA-03729-LA-1106474 107813 116801-1F.txtBoeing Proprietary
Page 3


Attachment 1-A to
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments




Delivery
Date

Number of
Aircraft
Escalation Factor (Airframe)



Escalation Factor
Option Exercise Date Deadline

[***]



Note



MSN
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
At Signing
[***]
24 Mos.
[***]
21/18/12/9/6 Mos.
[***]
Total
[***]
Apr-2025
1
[***][***][***][***][***][***][***][***][***]
May-2025
1
[***][***][***][***][***][***][***][***][***]
May-2025
1
[***][***][***][***]
Previously Earned
***[***][***][***][***][***]
May-2025
1
[***][***][***][***]
Previously Earned
***[***][***][***][***][***]
May-2025
1
[***][***][***][***]
Previously Earned
***[***][***][***][***][***]
Jun-2025
1
[***][***][***][***]
Previously Earned
***[***][***][***][***][***]
Jun-2025
1
[***][***][***][***]
Previously Earned
***[***][***][***][***][***]

Total:
109


* [***]
** [***]
*** [***]
Note:

(1) [***]
SA-14
SWA-PA-03729-LA-1106474 107813 116801-1F.txtBoeing Proprietary
Page 4


Attachment 1-B To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments

Airframe Model/MTOW:     737-8
Engine Model/Thrust:     CFMLEAP-1B28(1)
181,200 pounds

28,800 pounds
Detail Specification:

Airframe Price Base Year/Escalation Formula:
D019A008-S (5/1/2017) Jul-11


Non-Standard
Airframe Price:
[***]
Engine Price Base Year/Escalation Formula:
Jul-11
Non-Standard
Optional Features:
     [***]
Sub-Total of Airframe and Features:
[***]
Airframe Escalation Data:
Engine Price (Per Aircraft):
[***]
Base Year Index (ECI):
[***]
Aircraft Basic Price (Excluding BFE/SPE):
     [***]
Base Year Index (CPI):
[***]
Buyer Furnished Equipment (BFE) Estimate:
[***]
Seller Purchased Equipment (SPE) Estimate:
[***]

Deposit per Aircraft:

[***]


Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total

[***]

Deadline

Factor

Jan-2023

1
[***][***][***][***][***][***][***][***]

Jan-2023

1
[***][***][***][***][***][***][***][***]

Jan-2023

1
[***][***][***][***][***][***][***][***]

Jan-2023

1
[***][***][***][***][***][***][***][***]

Jan-2023

1
[***][***][***][***][***][***][***][***]

Jan-2023

1
[***][***][***][***][***][***][***][***]

Jan-2023

1
[***][***][***][***][***][***][***][***]

Feb-2023

1
[***][***][***][***][***][***][***][***]

Feb-2023

1
[***][***][***][***][***][***][***][***]

Feb-2023

1
[***][***][***][***][***][***][***][***]

Feb-2023

1
[***][***][***][***][***][***][***][***]

Feb-2023

1
[***][***][***][***][***][***][***][***]

Feb-2023

1
[***][***][***][***][***][***][***][***]

Feb-2023

1
[***][***][***][***][***][***][***][***]

Mar-2023

1
[***][***][***][***][***][***][***][***]

Mar-2023

1
[***][***][***][***][***][***][***][***]

Mar-2023

1
[***][***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 1


Attachment 1-B To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments



Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total

[***]

Deadline

Factor

Mar-2023

1
[***][***][***][***][***][***][***][***]

Mar-2023

1
[***][***][***][***][***][***][***][***]

Mar-2023

1
[***][***][***][***][***][***][***][***]

Apr-2023

1
[***][***][***][***][***][***][***][***]

Apr-2023

1
[***][***][***][***][***][***][***][***]

Apr-2023

1
[***][***][***][***][***][***][***][***]

Apr-2023

1
[***][***][***][***][***][***][***][***]

Apr-2023

1
[***][***][***][***][***][***][***][***]

Apr-2023

1
[***][***][***][***][***][***][***][***]

Apr-2023

1
[***][***][***][***][***][***][***][***]

May-2023

1
[***][***][***][***][***][***][***][***]

May-2023

1
[***][***][***][***][***][***][***][***]

May-2023

1
[***][***][***][***][***][***][***][***]

May-2023

1
[***][***][***][***][***][***][***][***]

May-2023

1
[***][***][***][***][***][***][***][***]

Jan-2024

1
[***][***][***][***][***][***][***][***]

Jan-2024

1
[***][***][***][***][***][***][***][***]

Jan-2024

1
[***][***][***][***][***][***][***][***]

Feb-2024

1
[***][***][***][***][***][***][***][***]

Feb-2024

1
[***][***][***][***][***][***][***][***]

Feb-2024

1
[***][***][***][***][***][***][***][***]

Mar-2024

1
[***][***][***][***][***][***][***][***]

Mar-2024

1
[***][***][***][***][***][***][***][***]

Mar-2024

1
[***][***][***][***][***][***][***][***]

Mar-2024

1
[***][***][***][***][***][***][***][***]

Apr-2024

1
[***][***][***][***][***][***][***][***]

May-2024

1
[***][***][***][***][***][***][***][***]

May-2024

1
[***][***][***][***][***][***][***][***]

Jun-2024

1
[***][***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 2


Attachment 1-B To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments



Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total

[***]

Deadline

Factor

Jun-2024

1
[***][***][***][***][***][***][***][***]

Jul-2024

1
[***][***][***][***][***][***][***][***]

Jul-2024

1
[***][***][***][***][***][***][***][***]

Jul-2024

1
[***][***][***][***][***][***][***][***]

Jul-2024

1
[***][***][***][***][***][***][***][***]

Jul-2024

1
[***][***][***][***][***][***][***][***]

Aug-2024

1
[***][***][***][***][***][***][***][***]

Aug-2024

1
[***][***][***][***][***][***][***][***]

Aug-2024

1
[***][***][***][***][***][***][***][***]

Aug-2024

1
[***][***][***][***][***][***][***][***]

Aug-2024

1
[***][***][***][***][***][***][***][***]

Sep-2024

1
[***][***][***][***][***][***][***][***]

Sep-2024

1
[***][***][***][***][***][***][***][***]

Sep-2024

1
[***][***][***][***][***][***][***][***]

Sep-2024

1
[***][***][***][***][***][***][***][***]

Oct-2024

1
[***][***][***]

[***]
[***][***][***][***][***]

Oct-2024

1
[***][***][***][***][***][***][***][***][***]

Oct-2024

1
[***][***][***][***][***][***][***][***][***]

Oct-2024

1
[***][***][***][***][***][***][***][***][***]

Oct-2024

1
[***][***][***][***][***][***][***][***][***]

Oct-2024

1
[***][***][***][***][***][***][***][***][***]

Nov-2024

1
[***][***][***][***][***][***][***][***][***]

Nov-2024

1
[***][***][***][***][***][***][***][***][***]

Nov-2024

1
[***][***][***][***][***][***][***][***][***]

Nov-2024

1
[***][***][***][***][***][***][***][***][***]

Nov-2024

1
[***][***][***][***][***][***][***][***][***]

Dec-2024

1
[***][***][***][***][***][***][***][***][***]

Dec-2024

1
[***][***][***][***][***][***][***][***][***]

Dec-2024

1
[***][***][***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 3


Attachment 1-B To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments



Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total

[***]

Deadline

Factor

Dec-2024

1
[***][***][***][***][***][***][***][***][***]

Dec-2024

1
[***][***][***][***][***][***][***][***][***]

Mar-2025

1
[***][***][***][***][***][***][***][***]

Apr-2025

1
[***][***][***][***][***][***][***][***]

May-2025

1
[***][***][***][***][***][***][***][***]

Jun-2025

1
[***][***][***][***][***][***][***][***]

Jun-2025

1
[***][***][***][***][***][***][***][***]

Jun-2025

1
[***][***][***][***][***][***][***][***]

Jul-2025

1
[***][***][***][***][***][***][***][***]

Jul-2025

1
[***][***][***][***][***][***][***][***]

Jul-2025

1
[***][***][***][***][***][***][***][***]

Jul-2025

1
[***][***][***][***][***][***][***][***]

Jul-2025

1
[***][***][***][***][***][***][***][***]

Aug-2025

1
[***][***][***][***][***][***][***][***]

Aug-2025

1
[***][***][***][***][***][***][***][***]

Aug-2025

1
[***][***][***][***][***][***][***][***]

Aug-2025

1
[***][***][***][***][***][***][***][***]

Aug-2025

1
[***][***][***][***][***][***][***][***]

Sep-2025

1
[***][***][***][***][***][***][***][***]

Sep-2025

1
[***][***][***][***][***][***][***][***]

Sep-2025

1
[***][***][***][***][***][***][***][***]

Sep-2025

1
[***][***][***][***][***][***][***][***]

Oct-2025

1
[***][***][***][***][***][***][***][***][***]

Oct-2025

1
[***][***][***][***][***][***][***][***][***]

Oct-2025

1
[***][***][***][***][***][***][***][***][***]

Oct-2025

1
[***][***][***][***][***][***][***][***][***]

Oct-2025

1
[***][***][***][***][***][***][***][***][***]

Oct-2025

1
[***][***][***][***][***][***][***][***][***]

Nov-2025

1
[***][***][***][***][***][***][***][***][***]
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 4


Attachment 1-B To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments



Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total

[***]

Deadline

Factor

Nov-2025

1
[***][***][***][***][***][***][***][***][***]

Nov-2025

1
[***][***][***][***][***][***][***][***][***]

Nov-2025

1
[***][***][***][***][***][***][***][***][***]

Nov-2025

1
[***][***][***][***][***][***][***][***][***]

Dec-2025

1
[***][***][***][***][***][***][***][***][***]

Dec-2025

1
[***][***][***][***][***][***][***][***][***]

Dec-2025

1
[***][***][***][***][***][***][***][***][***]

Dec-2025

1
[***][***][***][***][***][***][***][***][***]

Dec-2025

1
[***][***][***][***][***][***][***][***][***]

Jan-2026

1
[***][***][***][***][***][***][***][***]

Jan-2026

1
[***][***][***][***][***][***][***][***]

Jan-2026

1
[***][***][***][***][***][***][***][***]

Feb-2026

1
[***][***][***][***][***][***][***][***]

Feb-2026

1
[***][***][***][***][***][***][***][***]

Feb-2026

1
[***][***][***][***][***][***][***][***]

Mar-2026

1
[***][***][***][***][***][***][***][***]

Mar-2026

1
[***][***][***][***][***][***][***][***]

Mar-2026

1
[***][***][***][***][***][***][***][***]

Mar-2026

1
[***][***][***][***][***][***][***][***]

Apr-2026

1
[***][***][***][***][***][***][***][***]

Apr-2026

1
[***][***][***][***][***][***][***][***]

Apr-2026

1
[***][***][***][***][***][***][***][***]

Apr-2026

1
[***][***][***][***][***][***][***][***]

Total:
127


* [***]

Note:
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 5


Attachment 1-B To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments





Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total
[***]

Deadline

Factor
(1) [***]
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 6


Attachment 1-C To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments


Airframe Model/MTOW:     737-8
Engine Model/Thrust:     CFMLEAP-1B28(1)
181,200 pounds

28,800 pounds
Detail Specification:

Airframe Price Base Year/Escalation Formula:
D019A008-S (5/1/2017) Jul-11


Non-Standard
Airframe Price:
[***]
Engine Price Base Year/Escalation Formula:
Jul-11
Non-Standard
Optional Features:
     [***]
Sub-Total of Airframe and Features:
[***]
Airframe Escalation Data:
Engine Price (Per Aircraft):
[***]
Base Year Index (ECI):
[***]
Aircraft Basic Price (Excluding BFE/SPE):
     [***]
Base Year Index (CPI):
[***]
Buyer Furnished Equipment (BFE) Estimate:
[***]
Seller Purchased Equipment (SPE) Estimate:
[***]

Deposit per Aircraft:

[***]


Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total

[***]

Deadline

Factor

May-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

May-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

May-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jun-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jun-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jun-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jul-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jul-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jul-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Aug-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Aug-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Aug-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Sep-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Sep-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Sep-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Sep-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Oct-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 1


Attachment 1-C To
Letter Agreement No. 1106474
Aircraft Delivery, Description, Price and Advance Payments





Delivery

Date*


Number of

Aircraft
Escalation Factor (Airframe)
Option

Exercise Date


Escalation
Escalation Estimate Adv Payment Base Price Per A/P
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):

At Signing

[***]

24 Mos.

[***]

21/18/12/9/6 Mos.

[***]

Total

[***]

Deadline

Factor

Oct-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Oct-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Oct-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Nov-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Nov-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Nov-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Dec-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Dec-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Dec-2026

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jan-2027

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Jan-2027

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Feb-2027

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Feb-2027

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Mar-2027

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Mar-2027

1
[***][***][***]

New Options SA-14
[***][***][***][***][***]

Total:
32


* [***]

Note:
(1) [***]
SA-14
SWA-PA-03729 116800-1F.txtBoeing Proprietary
Page 2



image_41.jpg
The Boeing Company
P.O. Box 3707
Seattle, WA 981242207


SWAPA03729LA1106475R5
Southwest Airlines Co.
2702 Love Field Drive
P.O. Box 36611
Dallas, Texas 75235-1611
Subject:    [***]
References:    1)    Purchase Agreement No. PA03729 (Purchase Agreement) between The Boeing Company (Boeing) and Southwest Airlines Co. (Customer) relating to Model 7378 and Model 737-7 aircraft
2)     Letter Agreement SWAPA03729LA-1106474R5 entitled “Option Aircraft” (Option Aircraft Letter Agreement)
This letter agreement (Letter Agreement) amends and supplements the Purchase Agreement. All terms used but not defined in this Letter Agreement shall have the same meaning as in the Purchase Agreement.
1.[***]



image_41.jpg





SWA-PA-03729-LA-1106475R5
SA-14
[***]
Page 2
BOEING PROPRIETARY



image_41.jpg


SWA-PA-03729-LA-1106475R5
SA-14
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Page 3
BOEING PROPRIETARY



image_41.jpg





2.     [***]









3.     Assignment.
Unless otherwise noted herein, [***] described in this Letter Agreement are provided [***] to Customer and in consideration of Customer’s taking title to the Option Aircraft at time of delivery and becoming the operator of the Option Aircraft. This Letter Agreement cannot be assigned, in whole or in part, without the prior written consent of Boeing.









SWA-PA-03729-LA-1106475R5
SA-14
[***]
Page 4
BOEING PROPRIETARY


image_51.jpg
4.     Confidentiality
Customer understands that certain commercial and financial information contained in this Letter Agreement is considered by Boeing as confidential and has value precisely because it is not available generally to other parties.  Customer agrees to limit the disclosure of the contents of this Letter Agreement to (a) its directors and officers, (b) employees of Customer with a need to know the contents for performing its obligations (including, without limitation, those employees performing accounting, finance, administration and other functions necessary to finance and purchase, deliver or lease the Aircraft) and who understand they are not to disclose its contents to any other person or entity (other than those to whom disclosure is permitted by this Article) without the prior written consent of Boeing and (c) any auditors and attorneys of Customer who have a need to know such information and have signed a confidentiality agreement in the same form and substance similar to this Article, or are otherwise bound by a confidentiality obligation. Disclosure to other parties is not permitted without Boeing’s consent except as may be required by applicable law or governmental regulations. Customer shall be fully responsible to Boeing for compliance with such obligations.











SWA-PA-03729-LA-1106475R5
SA-14
[***]
Page 5
BOEING PROPRIETARY


image_51.jpg












Very truly yours,

THE BOEING COMPANY
By
/s/ Carson J May
Name
Carson J. May
ItsAttorney-In-Fact
ACCEPTED AND AGREED TO this
Date:May 28, 2021
SOUTHWEST AIRLINES CO.
By
/s/ Chris Monroe
Name
Chris Monroe
ItsSVP Finance and Treasurer


SWA-PA-03729-LA-1106475R5
SA-14
[***]
Page 6
BOEING PROPRIETARY