SOUTHWEST AIRLINES CO - FORM 10-Q - EX-10.2 - EX-10.2 BOEING SUPPLEMENTAL AGREEMENT NO. 14

Attached files

file	filename
EX-32.1 - EX-32.1 CERTIFICATION OF CEO AND CFO - SOUTHWEST AIRLINES CO	luv-6302021xex321.htm
EX-31.2 - EX-31.2 CERTIFICATION OF CHIEF FINANCIAL OFFICER - SOUTHWEST AIRLINES CO	luv-6302021xex312.htm
EX-31.1 - EX-31.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - SOUTHWEST AIRLINES CO	luv-6302021xex311.htm
EX-10.3 - EX-10.3 BOEING SUPPLEMENTAL AGREEMENT NO. 15 - SOUTHWEST AIRLINES CO	exhibit103supplementalagre.htm
EX-10.1 - EX-10.1 BOEING SUPPLEMENTAL AGREEMENT NO. 13 - SOUTHWEST AIRLINES CO	exhibit101supplementalagre.htm
10-Q - 2ND QUARTER 2021 FORM 10-Q - SOUTHWEST AIRLINES CO	luv-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 COMPANY			SOUTHWEST 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

ARTICLES

TITLES

Article 1

Quantity, Model and Description

SA-2

Article 2

Delivery Schedule

Article 3

Price

Article 4

Payment

SA-2

Article 5

Additional Terms

TABLE

TITLE

737-8 Aircraft Information Table

SA-14

737-7 Aircraft Information Table

SA-14

EXHIBIT

737-8 Aircraft Configuration

SA-11

737-7 Aircraft Configuration

SA-8

A-3

737-8 Remarket Aircraft Configuration

SA-12

Aircraft Delivery Requirements and Responsibilities

B-1

Remarket Aircraft Technical

SA-12

Acceptance and Delivery Requirements and Responsibilities

SUPPLEMENTAL EXHIBITS

TITLES

AE1*

Escalation Adjustment/Airframe and Optional Features

BFE1

BFE Variables for 737-8

SA-7

BFE2

BFE Variables for 737-7

SA-8

CS1

Customer Support Variables

CS1-7MAX

Customer Support Variables

SA-2

EE1*

Engine Escalation/Engine Warranty and Patent Indemnity

SLP1*

Service Life Policy Components


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

LETTER AGREEMENTS

TITLES

SWA-PA-03729-LA-1106463R3

Open Matters

SA-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-1106471R2

Substitute Aircraft

SA-12

SWA-PA-03729-LA-1106473R2

[***]

SA-12

SWA-PA-03729-LA-1106474R5

Option Aircraft

SA-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-03729		SA-14
		Page 2
	BOEING PROPRIETARY

LETTER AGREEMENTS

TITLES

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-1503792

Service Ready Operational Validation

SA-6

SWA-PA-03729-LA-1500831

[***]

SA-7

SWA-PA-03729-LA-1602486R1

[***]

SA-12

SWA-PA-03729-LA-2100594

737-8 Remarket Production Aircraft

SA-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-03729		SA-14
		Page 3
	BOEING PROPRIETARY



LETTER AGREEMENTS	TITLES
SWA-PA-03729-LA-2100984	[***]	SA-12

* Denotes revision to Page 1 or Page 2 only to reference 737-7 (SA-2)


SWA-PA-03729		SA-14
		Page 4
	BOEING PROPRIETARY

INACTIVE / DELETED TABLES, EXHIBITS, AND LETTER AGREEMENTS

RESTRICTED LETTER AGREEMENTS


Letter Agreement	Title	Last Updated under SA	Current Status
SWA-PA-03729-LA-1106472R1	[***]	SA-2	Deleted under SA-4
SWA-PA-01810/03729-LA-1301169	[***]	SA-2	Deleted under SA-4


SWA-PA-03729		SA-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

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

[***]

36929†

[***]

Note 1

[***]

Jul-2017

[***]

42558†, 42559†

[***]

Note 1

[***]

Aug-2017

[***]

36979, 36930, 36984

[***]

Note 1

[***]

Aug-2017

[***]

42567

[***]

Note 1

[***]

Aug-2017

[***]

42563, 42566†

[***]

Note 1

[***]

Sep-2017

[***]

36934

[***]

Note 1

[***]

Oct-2017

[***]

42544

[***]

Oct-2017

[***]

42570

[***]

Nov-2017

[***]

36988†

[***]

Dec-2017

[***]

42554†

[***]

Mar-2018

[***]

36989†

[***]

Mar-2018

[***]

42571

[***]

Apr-2018

[***]

42546

[***]

Jun-2018

[***]

42572

[***]

Jun-2018

[***]

42547

[***]

Aug-2018

[***]

42548, 37019, 42549

[***]

Aug-2018

[***]

42574

[***]

Aug-2018

[***]

42575

[***]

Sep-2018

[***]

42573, 42576

[***]

Dec-2018

[***]

42577

[***]

Dec-2018

[***]

37042, 42550, 42551, 37043

[***]

Feb-2021

Jul-2019

[***]

42633

[***]

Feb-2021

Jul-2019

[***]

65437, 65436

[***]

E OPEX

[***]

Feb-2021

Aug-2019

[***]

42634

[***]

Feb-2021

Dec-2019

[***]

36722

[***]

Feb-2021

Dec-2019

[***]

42537

[***]

Mar-2021

Aug-2019

[***]

42641

[***]

Mar-2021

Sep-2019

[***]

65471

[***]

E OPEX

[***]


		SA-14
SWA-PA-03729 107813 / 108732 /117027	Boeing 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

[***]

42536

[***]

Mar-2021

Aug-2019

[***]

42637

[***]

Mar-2021

Sep-2019

[***]

65438

[***]

E OPEX

[***]

Apr-2021

Oct-2019

[***]

42646, 42662

[***]

Mar-2021

Oct-2019

[***]

42647, 42661

[***]

Mar-2021

Oct-2019

[***]

65439

[***]

OPEX

[***]

Mar-2021

Oct-2019

[***]

65440

[***]

OPEX

[***]

Apr-2021

Nov-2019

[***]

42664

[***]

Apr-2021

Nov-2019

[***]

65473

[***]

D OPEX

[***]

Jan-2026

Dec-2019

[***]

42666

[***]

Feb-2026

Feb-2020

[***]

36727

[***]

Feb-2026

Mar-2020

[***]

42580

[***]

Mar-2026

Mar-2020

[***]

42579

[***]

Apr-2026

Apr-2020

[***]

42539

[***]

Apr-2026

Apr-2020

[***]

65441

[***]

OPEX

[***]

Jun-2026

May-2020

[***]

42669

[***]

Jul-2026

May-2020

[***]

42553

[***]

May-2026

May-2020

[***]

35970

[***]

Aug-2026

Jun-2020

[***]

42607

[***]

Sep-2026

Jun-2020

[***]

65442

[***]

OPEX

[***]

Nov-2026

Jul-2020

[***]

42665

[***]

Oct-2026

Jul-2020

[***]

42540

[***]

Nov-2026

Jul-2020

[***]

65443

[***]

OPEX

[***]

Dec-2026

Jul-2020

[***]

65444

[***]

OPEX

[***]

Feb-2027

Aug-2020

[***]

42672

[***]

Feb-2027

Aug-2020

[***]

42673

[***]

Jan-2027

Aug-2020

[***]

42541

[***]

Mar-2027

Aug-2020

[***]

65445

[***]

OPEX

[***]

Apr-2027

Aug-2020

[***]

65446

[***]

OPEX

[***]

May-2027

Sep-2020

[***]

42674

[***]

Jun-2027

Sep-2020

[***]

42691

[***]

Jul-2027

Sep-2020

[***]

42694

[***]

Apr-2027

Sep-2020

[***]

33941

[***]

Aug-2027

Sep-2020

[***]

65472

[***]

OPEX

[***]

Sep-2027

Sep-2020

[***]

65447

[***]

OPEX

[***]

Oct-2027

Sep-2020

[***]

65448

[***]

OPEX

[***]

Nov-2027

Oct-2020

[***]

42615

[***]

Nov-2027

Oct-2020

[***]

42543

[***]

Dec-2027

Oct-2020

[***]

65474

[***]

OPEX

[***]


		SA-14
SWA-PA-03729 107813 / 108732 /117027	Boeing 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

[***]

42697

[***]

Feb-2028

Nov-2020

[***]

42699

[***]

Jan-2028

Nov-2020

[***]

36733

[***]

Mar-2028

Nov-2020

[***]

65475

[***]

D OPEX

[***]

Apr-2028

Dec-2020

[***]

42703

[***]

Apr-2028

Dec-2020

[***]

33940

[***]

May-2028

Jan-2021

[***]

35974

[***]

Jun-2028

Jan-2021

[***]

65450

[***]

D OPEX

[***]

Jul-2028

Jan-2021

[***]

65449

[***]

OPEX

[***]

Sep-2028

Feb-2021

[***]

65451

[***]

D OPEX

[***]

Aug-2028

Feb-2021

[***]

65835

[***]

OPEX

Note 3

[***]

Oct-2028

Mar-2021

[***]

42648

[***]

Nov-2028

Mar-2021

[***]

65452

[***]

OPEX

[***]

Nov-2028

Apr-2021

[***]

42650

[***]

Dec-2028

Apr-2021

[***]

42651

[***]

Jan-2029

Apr-2021

[***]

42649

[***]

Jan-2029

Apr-2021

[***]

65454

[***]

D OPEX

[***]

Feb-2029

Apr-2021

[***]

65453

[***]

OPEX

[***]

Feb-2029

May-2021

[***]

42652

[***]

Feb-2029

May-2021

[***]

42653

[***]

Mar-2029

May-2021

[***]

42654

[***]

Mar-2029

May-2021

[***]

65455

[***]

D OPEX

[***]

Mar-2029

May-2021

[***]

65456

[***]

OPEX

[***]

Apr-2029

Jun-2021

[***]

42655

[***]

Apr-2029

Jun-2021

[***]

42656

[***]

Apr-2029

Jun-2021

[***]

42670

[***]

May-2029

Jun-2021

[***]

65457

[***]

D OPEX

[***]

May-2029

Jul-2021

[***]

42658

[***]

Jun-2029

Jul-2021

[***]

65460

[***]

D OPEX

[***]

Jul-2029

Jul-2021

[***]

65459

[***]

OPEX

[***]

Jun-2029

Jul-2021

[***]

65458

[***]

OPEX

[***]

May-2029

Jul-2021

[***]

65834

[***]

OPEX

Note 3

[***]

Sep-2029

Aug-2021

[***]

65461

[***]

D OPEX

[***]

Jul-2029

Aug-2021

[***]

65836

[***]

OPEX

Note 3

[***]

Aug-2029

Aug-2021

[***]

65837

[***]

OPEX

Note 3

[***]

Aug-2029

Aug-2021

[***]

65838

[***]

OPEX

Note 3

[***]

Aug-2029

Aug-2021

[***]

65839

[***]

OPEX

Note 3

[***]

Sep-2029

Aug-2021

[***]

66974

[***]

Note 4

[***]

Nov-2029

Sep-2021

[***]

65462

[***]

OPEX

[***]


		SA-14
SWA-PA-03729 107813 / 108732 /117027	Boeing 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

[***]

65463

[***]

OPEX

[***]

Oct-2029

Sep-2021

[***]

65840

[***]

OPEX

Note 3

[***]

Oct-2029

Sep-2021

[***]

65841

[***]

OPEX

Note 3

[***]

Nov-2029

Oct-2021

[***]

65466

[***]

D OPEX

[***]

Dec-2029

Oct-2021

[***]

65465

[***]

OPEX

[***]

Dec-2029

Oct-2021

[***]

65464

[***]

OPEX

[***]

Jan-2030

Nov-2021

[***]

65467

[***]

D OPEX

[***]

Jan-2030

Dec-2021

[***]

65468

[***]

OPEX

[***]

Jan-2030

Dec-2021

[***]

65842

[***]

OPEX

Note 3

[***]

Jan-2030

Dec-2021

[***]

65843

[***]

OPEX

Note 3

[***]

Feb-2030

Jan-2022

[***]

65469

[***]

D OPEX

[***]

Feb-2030

Jan-2022

[***]

65470

[***]

OPEX

[***]

Feb-2030

Apr-2022

[***]

65844

[***]

OPEX

Note 3

[***]

Mar-2030

Jul-2022

[***]

65855

[***]

OPEX

Note 3

[***]

Mar-2030

Jul-2022

[***]

65853

[***]

OPEX

Note 3

[***]

Mar-2030

Jul-2022

[***]

65851

[***]

OPEX

Note 3

[***]

Mar-2030

Aug-2022

[***]

65845

[***]

OPEX

Note 3

[***]

Apr-2030

Aug-2022

[***]

65847

[***]

OPEX

Note 3

[***]

Apr-2030

Aug-2022

[***]

65849

[***]

OPEX

Note 3

[***]

Apr-2030

Oct-2022

[***]

65857

[***]

OPEX

Note 3

[***]

Apr-2030

Oct-2022

[***]

65859

[***]

OPEX

Note 3

[***]

May-2030

Dec-2022

[***]

65861

[***]

OPEX

Note 3

[***]

May-2030

Mar-2023

[***]

36732

[***]

May-2030

Apr-2023

[***]

38806

[***]

May-2030

Jun-2023

[***]

37034

[***]

Jun-2030

Aug-2023

[***]

42552

[***]

Jun-2030

Oct-2023

[***]

42538

[***]

Jun-2030

Nov-2023

[***]

38815

[***]

Jul-2030

Mar-2024

[***]

38817

[***]

Jul-2030

Mar-2024

[***]

35968

[***]

Jul-2030

Mar-2024

[***]

35972

[***]

Jul-2030

Apr-2024

[***]

36736

[***]

Aug-2030

Jun-2024

[***]

42542

[***]

Aug-2030

Jul-2024

[***]

35963

[***]

Aug-2030

Jul-2024

[***]

35967

[***]

Aug-2030

Sep-2024

[***]

36730

[***]

Sep-2030

Nov-2024

[***]

35971

[***]

Sep-2030

Dec-2024

[***]

35975

[***]

Sep-2030

Jan-2025

[***]

38804

[***]


		SA-14
SWA-PA-03729 107813 / 108732 /117027	Boeing 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

[***]

38805

[***]

Oct-2030

Jan-2025

[***]

65863

[***]

OPEX

Note 3

[***]

Oct-2030

Jan-2025

[***]

65865

[***]

OPEX

Note 3

[***]

Oct-2030

Feb-2025

[***]

36729

[***]

Nov-2030

Feb-2025

[***]

65868

[***]

OPEX

Note 3

[***]

Nov-2030

Feb-2025

[***]

65869

[***]

OPEX

Note 3

[***]

Nov-2030

Mar-2025

[***]

65870

[***]

OPEX

Note 3

[***]

Nov-2030

Mar-2025

[***]

65871

[***]

OPEX

Note 3

[***]

Dec-2030

Apr-2025

[***]

65872

[***]

OPEX

Note 3

[***]

Dec-2030

Apr-2025

[***]

65873

[***]

OPEX

Note 3

[***]

Dec-2030

May-2025

[***]

65846

[***]

OPEX

Note 3

[***]

Dec-2030

May-2025

[***]

65848

[***]

OPEX

Note 3

[***]

Jan-2031

Jun-2025

[***]

65852

[***]

OPEX

Note 3

[***]

Feb-2031

Jun-2025

[***]

65850

[***]

OPEX

Note 3

[***]

Mar-2031

Jul-2025

[***]

65854

[***]

OPEX

Note 3

[***]

Apr-2031

Jul-2025

[***]

65856

[***]

OPEX

Note 3

[***]

May-2031

Aug-2025

[***]

65860

[***]

OPEX

Note 3

[***]

Jun-2031

Aug-2025

[***]

65858

[***]

OPEX

Note 3

[***]

Jul-2031

Sep-2025

[***]

65862

[***]

OPEX

Note 3

[***]

Aug-2031

Oct-2025

[***]

65864

[***]

OPEX

Note 3

[***]

Sep-2031

Nov-2025

[***]

65866

[***]

OPEX

Note 3

[***]

Oct-2031

Dec-2025

[***]

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 /117027	Boeing 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/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

[***]

42586

[***]

Jan-2022

Apr-2019

[***]

42587

[***]

Jan-2022

Apr-2019

[***]

42588

[***]

Jan-2022

May-2019

[***]

42589

[***]

Feb-2022

May-2019

[***]

42590

[***]

Feb-2022

Aug-2019

[***]

42561

[***]

Feb-2022

Aug-2019

[***]

42569

[***]

May-2022

Oct-2023

[***]

42614

[***]

May-2022

Feb-2024

[***]

42620

[***]

May-2022

Mar-2024

[***]

42621

[***]

May-2022

Apr-2024

[***]

42623

[***]

May-2022

May-2024

[***]

42627

[***]

May-2022

Jun-2024

[***]

42629

[***]

May-2022

Jul-2024

[***]

42631

[***]

Jun-2022

Jan-2023

[***]

42591

[***]

Jun-2022

Feb-2023

[***]

42592

[***]

Jun-2022

Mar-2023

[***]

42595

[***]

Jun-2022

Apr-2023

[***]

42598

[***]

Jun-2022

May-2023

[***]

42600

[***]


		SA-14
SWA-PA-03729 107953-1F 116795-1F	Boeing 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

[***]

42632

[***]

Jul-2022

Jun-2023

[***]

42602

[***]

Jul-2022

Jul-2023

[***]

42603

[***]

Jul-2022

Aug-2023

SOUTHWEST AIRLINES CO - FORM 10-Q - EX-10.2 - EX-10.2 BOEING SUPPLEMENTAL AGREEMENT NO. 14 - July 27, 2021

Attached files