SOUTHWEST AIRLINES CO - FORM 10-Q - EX-10.3 - EX-10.3 BOEING SUPPLEMENTAL AGREEMENT NO. 15 - July 27, 2021

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-10.2 - EX-10.2 BOEING SUPPLEMENTAL AGREEMENT NO. 14 - SOUTHWEST AIRLINES COexhibit102supplementalagre.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. 15
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. 15 (SA-15), entered into as of June 14, 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 SA15 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, Customer requests and Boeing agrees to the acceleration of ten (10) Original Option Aircraft positions from 2023 into 2022, and revise the scheduled delivery stream as applicable;
WHEREAS, Customer requests and Boeing agrees to the slide of six (6) 737-7 MAX Aircraft from June 2022 into July, September, November and December 2022, and revise the scheduled delivery stream as applicable;
WHEREAS, Customer requests and Boeing agrees to the acceleration of one (1) 737-7 MAX Aircraft from August 2023 to July 2023, and revise the scheduled delivery stream 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 SA-15.

NOW, THEREFORE, the parties agree that the Purchase Agreement is amended as set forth below and otherwise agree as follows:
[***] = 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-15
BOEING PROPRIETARY



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 SA15 and is identified by “SA15”. Such revised Table of Contents is incorporated into the Purchase Agreement by this reference.

2.TABLES.

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-15") attached hereto and incorporated into the Purchase Agreement by this reference.

3.LETTER AGREEMENTS.

3.1.Letter Agreement SWA-PA-03729-LA-1106474R5, Option Aircraft, and its Attachment 1 are deleted in their entirety and are replaced with the attached revised Letter Agreement SWA-PA-03729-LA-1106474R6 and its Attachment 1.

3.2.Letter Agreement SWA-PA-03729-LA-2100814, [***], and its Attachments A, B-1, and B-2 are deleted in their entirety and are replaced with the attached revised Letter Agreement SWA-PA-03729-LA-2100814R1 and its Attachments A, B-1, and B-2.

4.SA-15 ADVANCE PAYMENT IMPACT.

4.1.Due to the acceleration of ten (10) Original Option Aircraft Positions contemplated hereunder, Customer [***]




4.2.Due to the deferral of six (6) 737-7 MAX Aircraft contemplated hereunder, Customer [***]




4.3.Due to the acceleration of one (1) 737-7 MAX Aircraft contemplated hereunder, Customer [***]
SWA-PA-03729
2
SA-15
BOEING PROPRIETARY





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-15
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-15
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
SWA-PA-03729SA-15
Page 1
BOEING PROPRIETARY




SLP1*Service Life Policy Components

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-1106474R6Option AircraftSA-15
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-15
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-2100700737-8 Open Configuration Matters –SA-12
Remarket Production Aircraft
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-2100814R1[***]SA-15
SWA-PA-03729-LA-2100819[***]SA-12
SWA-PA-03729-LA-2100825[***]SA-12
SWA-PA-03729-LA-2100841[***]SA-12
SWA-PA-03729SA-15
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-15
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-15
Page 5
BOEING PROPRIETARY

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:
D019A008SWA17P-1

Jul-11


ECI-MFG/CPI
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
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[***][***][***][***][***][***][***]
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[***][***][***][***][***][***][***]
SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
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

[***]
Jul-2022
Oct-2024
1
[***]42638[***][***][***][***][***][***][***]
Jul-2022
Nov-2024
1
[***]42642[***][***][***][***][***][***][***]
Jul-2022
Jan-2023
1
[***]42591[***][***][***][***][***][***][***]
Jul-2022
Feb-2023
1
[***]42592[***][***][***][***][***][***][***]
Jul-2022
Mar-2023
1
[***]42595[***][***][***][***][***][***][***]
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
Apr-2023
1
[***]42598[***][***][***][***][***][***][***]
Sep-2022
May-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Jun-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Jun-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Jul-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
Oct-2022
Jul-2028
1
[***][***][***]
(*) 737-8 Sub
[***][***][***][***][***]
SA-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
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
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
[***][***][***][***][***]
Nov-2022
May-2023
1
[***]42600[***][***][***][***][***][***][***]
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
[***][***][***][***][***]
Dec-2022
Aug-2024
1
[***]42632[***][***][***][***][***][***][***]
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-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
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
[***][***][***][***][***]
Jul-2023
Jan-23
1
[***]42565[***][***]
***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-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
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-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
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-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
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-15
SWA-PA-03729 107953-1F 116795-1F 116953-1F
Boeing Proprietary
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[***][***][***][***][***][***][***]