Allegiant Travel CO
EX-10.51
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<TYPE>EX-10.51
<SEQUENCE>34
<FILENAME>exhibit1051_20bboeingred.htm
<DESCRIPTION>EX-10.51
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<DIV><FONT size="1" style="font-size:1pt;color:white">    This copy of the document filed as an Exhibit excludes certain identified information because  such information is both (i) not material and (ii) would likely cause competitive harm if publicly  disclosed. Omissions are designated by the symbol [&#8230;***&#8230;].   The Boeing Company   P.O. Box 3707   Seattle, WA 98124 2207  Page 1  BOEING PROPRIETARY    WJE-PA-05130-LA-2101489      Allegiant Air, LLC  1201 N. Town Center Drive  Las Vegas, NV 89144    Subject: [&#8230;***&#8230;]    Reference: Purchase Agreement No. PA-05130 (Purchase Agreement) between The  Boeing Company (Boeing) and Allegiant Air, LLC (Customer) relating to  Model 737-7 aircraft (individually and collectively, Aircraft)    This letter agreement (Letter Agreement) amends and supplements the Purchase  Agreement. All terms used but not defined in this Letter Agreement will have the same  meaning as in the Purchase Agreement.  Customer has requested a program which will demonstrate the projected  maintenance costs for the Aircraft [&#8230;***&#8230;]. In response to Customer&#8217;s request, Boeing  [&#8230;***&#8230;] in the operation of the Aircraft [&#8230;***&#8230;] as defined in this Letter Agreement  [&#8230;***&#8230;].  1. Covered Aircraft.  The Program [&#8230;***&#8230;] in the Purchase Agreement at the time of the execution of  this Letter Agreement that is operated by Customer (Covered Aircraft).  2. [&#8230;***&#8230;].  [&#8230;***&#8230;].  3. [&#8230;***&#8230;].  The Program will [&#8230;***&#8230;].  4. [&#8230;***&#8230;]Maintenance.  The maintenance [&#8230;***&#8230;] subject to the conditions and limitations described in  this Letter Agreement.  5. [&#8230;***&#8230;].  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 2  BOEING PROPRIETARY  5.1 [&#8230;***&#8230;].  5.2 [&#8230;***&#8230;].  5.3 [&#8230;***&#8230;]:  (i) [&#8230;***&#8230;];  (ii) [&#8230;***&#8230;]:  (a) [&#8230;***&#8230;]  (b) [&#8230;***&#8230;].  (iii) [&#8230;***&#8230;]  (a) [&#8230;***&#8230;].  (iv) [&#8230;***&#8230;].  5.4 [&#8230;***&#8230;].  5.5 [&#8230;***&#8230;].  5.6 [&#8230;***&#8230;].  5.7 [&#8230;***&#8230;].  5.8 [&#8230;***&#8230;].  5.9 [&#8230;***&#8230;].  5.10 [&#8230;***&#8230;].  5.11 [&#8230;***&#8230;].    6. Calculation of [&#8230;***&#8230;].  6.1 No later than [&#8230;***&#8230;] prior to delivery of the first Covered Aircraft,  Customer will provide to Boeing all labor and material maintenance cost data and  operational assumptions for Customer&#8217;s [&#8230;***&#8230;] fleet covering the most recent [&#8230;***&#8230;]  of operation [&#8230;***&#8230;], in a format as described in Attachment C. Customer will report  costs in Customer's currency and define this currency where applicable in Attachment C.  6.2 Using the methodology set forth in Attachment B, Boeing will [&#8230;***&#8230;].  6.3 [&#8230;***&#8230;].  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 3  BOEING PROPRIETARY  6.4 Boeing may [&#8230;***&#8230;] if the number of Covered Aircraft, the delivery  schedule, or the operational assumptions described in Attachment A change. Such  adjustments shall be substantiated by Boeing to Customer&#8217;s reasonable satisfaction.  7. Reporting of Actual Maintenance Data.  7.1 Within [&#8230;***&#8230;] after the last day of each Reporting Period Customer will  provide to Boeing general information and the Reported Maintenance Cost using the  format defined in Attachment C. Customer will provide costs in Customer's currency and  define this currency where applicable in Attachment C.  7.2 Failure to provide the data specified in Article 7.1 to Boeing within the  specified ninety (90) day period will constitute Customer&#8217;s acknowledgment that the  performance of the Covered Aircraft complies with the Program Commitment. If Customer  does not provide the aforementioned data for [&#8230;***&#8230;] Reporting Periods after the  Program Implementation Date, then the Program automatically terminates and all  obligations described in this Letter Agreement will cease.  8. Calculation of [&#8230;***&#8230;].  8.1 Subject to the limitations described in Article 10, within [&#8230;***&#8230;] after  receiving Customer's report in accordance with Article 7 for each Reporting Period,  Boeing will use such Customer provided data and the methodology in Attachment B to  [&#8230;***&#8230;] for the Covered Aircraft as of the end of such Reporting Period and will provide  to Customer a report [&#8230;***&#8230;].  8.2 [&#8230;***&#8230;], Customer will, upon request, submit to Boeing sufficient  information to allow Boeing to verify:  8.2.1 the data reported by Customer pursuant to Article 7;  8.2.2 the data reflects the assumptions as described in Attachment A, that  were relied upon in developing the [&#8230;***&#8230;]; and  8.2.3 the data is consistent with all provisions of this Letter Agreement.  8.3 [&#8230;***&#8230;], Customer submits to Boeing such information necessary for  Boeing to:  8.3.1 [&#8230;***&#8230;]; and  8.3.2 [&#8230;***&#8230;].  8.4 At Customer&#8217;s request Boeing will provide Customer information to verify  the data described in Articles 8.1 and 8.3 and the calculations used to produce that data.  9. [&#8230;***&#8230;].  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 4  BOEING PROPRIETARY  9.1 [&#8230;***&#8230;]:  9.1.1 [&#8230;***&#8230;];  9.1.2 [&#8230;***&#8230;];  9.1.3 [&#8230;***&#8230;]  9.1.3.1 [&#8230;***&#8230;].  9.1.4 [&#8230;***&#8230;].   9.2 [&#8230;***&#8230;].  10. Conditions and Limitations.  10.1 If, [&#8230;***&#8230;], Boeing or any supplier issues service bulletins, service letters  or other written instructions [&#8230;***&#8230;], Customer and its subcontractors will comply with  such instructions [&#8230;***&#8230;] within a period of [&#8230;***&#8230;] after issuance of such instructions  [&#8230;***&#8230;] to Customer's facility, or such longer period as may be mutually agreed by the  parties (Response Period). If Customer or any of its subcontractors do not Comply within  the Response Period, then after expiration of such Response Period [&#8230;***&#8230;].  10.2 Customer will promptly notify Boeing in writing of any variations in its  [&#8230;***&#8230;] or procedures or [&#8230;***&#8230;] which would affect the proper reporting of [&#8230;***&#8230;].  Boeing will make [&#8230;***&#8230;] to reflect the effect of any such variations.  10.3 Upon reasonable notice to Customer, Boeing will have the right [&#8230;***&#8230;].  Customer will also make reasonable efforts to [&#8230;***&#8230;] to the Covered Aircraft. Boeing  will have the right to [&#8230;***&#8230;] in performing such maintenance. Boeing will provide  Customer written notification of its [&#8230;***&#8230;].  10.4 Upon reasonable notice to Customer, Boeing may [&#8230;***&#8230;].  10.5 [&#8230;***&#8230;]:  (i) [&#8230;***&#8230;].  (ii) [&#8230;***&#8230;].  (iii) [&#8230;***&#8230;].  (iv) [&#8230;***&#8230;].  (v) [&#8230;***&#8230;].  (vi) [&#8230;***&#8230;].  (vii) [&#8230;***&#8230;].  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 5  BOEING PROPRIETARY  (viii) [&#8230;***&#8230;].  (ix) [&#8230;***&#8230;].  (x) [&#8230;***&#8230;].   (xi) [&#8230;***&#8230;].  (xii) [&#8230;***&#8230;].  (xiii) [&#8230;***&#8230;].  (xiv) [&#8230;***&#8230;].  (xv) [&#8230;***&#8230;].  (xvi) [&#8230;***&#8230;].  (xvii) [&#8230;***&#8230;].  10.6 The Program will be suspended [&#8230;***&#8230;]. The Program will resume  [&#8230;***&#8230;] as of the end of any Reporting Period during the Program Term will exclude  [&#8230;***&#8230;] during any Reporting Period in which the Program was suspended [&#8230;***&#8230;]. The  Program will not be [&#8230;***&#8230;].  11. Notice.  11.1 All reports submitted to Boeing will be addressed to the attention of:  Director - BCA Warranty and Product Assurance  Boeing Commercial Airplanes  P.O. Box 3707 Mail Code 21-24  Email: BCAG.CorresMgnt@boeing.com  Fax: 425-237-1706  Seattle, Washington 98124-2207  11.2 All reports submitted to Customer will be addressed to the attention of:  Allegiant Air, LLC  1201 N. Town Center Drive  Las Vegas, NV 89144  [&#8230;***&#8230;]    12. Exclusive Remedy.  The remedies provided in Article 9 of this Letter Agreement are Customer&#8217;s  exclusive remedies with respect to the Program and are in lieu of all other damages,  claims and remedies of Customer arising at law or otherwise with respect to the Program.  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 6  BOEING PROPRIETARY  Customer hereby waives and renounces all other claims and remedies arising at law or  otherwise under the Program.  13. DISCLAIMER, RELEASE AND EXCLUSION.  THIS LETTER AGREEMENT AND THE RIGHTS AND REMEDIES OF  CUSTOMER AND OBLIGATIONS OF BOEING HEREIN ARE SUBJECT TO THE  DISCLAIMER AND RELEASE, AND EXCLUSION OF CONSEQUENTIAL AND OTHER  DAMAGES PROVISIONS OF EXHIBIT C, PRODUCT ASSURANCE DOCUMENT, OF  THE AGTA.  14. 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 becoming the operator of the Aircraft and cannot be assigned, in whole or in  part, without the prior written consent of Boeing.   15. Confidentiality.  The information contained herein represents confidential business information and  has value precisely because it is not available generally or to other parties. Customer will  limit the disclosure of its contents to (i) Customer and Customer affiliates&#8217; employees,  officers and directors and (ii) Customer and Customer affiliates&#8217; legal counsel,  professional advisors and auditors subject to a duty of confidence or a non-disclosure  undertaking, in each case with a need to know the contents for purposes of helping  Customer perform its obligations under the Purchase Agreement and who understand  they are not to disclose its contents to any other person or entity without the prior written  consent of Boeing unless disclosure is required by applicable law or court order, in which  case, Customer shall (i) notify Boeing in writing of such disclosure requirement or request  prior to making such disclosure, and will take steps to protect the information contained  herein, and (ii) use reasonable efforts to obtain redaction and confidential treatment for  the disclosed information or parts thereof.  In addition, with respect to disclosure of the  contents hereof to third parties who may be or are involved with financing (in any form,  including sale and lease-back) of Aircraft (and/or Advance Payments) under the Purchase  Agreement, Customer shall be entitled to disclose such information to such third party  financiers, after consultation with Boeing, as the parties shall mutually agree (each acting  reasonably and within industry and financing norms).  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 7  BOEING PROPRIETARY    ACCEPTED AND AGREED TO this          Date:           ALLEGIANT AIR, LLC   THE BOEING COMPANY       By:   By:        Name:   Name: [&#8230;***&#8230;]       Title:   Title: Attorney-In-Fact    </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 8  BOEING PROPRIETARY  ATTACHMENT A    MAINTENANCE COST ASSUMPTIONS    Reference: Letter Agreement No. WJE-PA-05130-LA-2101489 to Agreement No. PA- 05130 Purchase Agreement) [&#8230;***&#8230;]    Subject: Data reported pursuant to Article 5.1 of the referenced Letter Agreement.   All data in the tables below are for baseline purposes only.    General Assumptions   [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;]    Benchmark Aircraft Maintenance Assumptions   Planned  Interval  Check  Yield  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  On-Airplane  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  Off-Airplane  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]    Covered Aircraft Maintenance Assumptions   Planned  Interval  Check  Yield  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 9  BOEING PROPRIETARY  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]    </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 10  BOEING PROPRIETARY  ATTACHMENT B    ADJUSTMENTS    Boeing will adjust as described in this Attachment B the [&#8230;***&#8230;] submitted, the  [&#8230;***&#8230;] reported and [&#8230;***&#8230;] reported.  1. Currency Exchange Rate.  Boeing will [&#8230;***&#8230;] submitted in the Customer&#8217;s currency to U.S. Dollars by  multiplying such reported costs by the applicable exchange rate published in the U.S.  edition of the Wall Street Journal on the day (not including weekends or U.S. national  holidays) nearest to the midpoint of the applicable Reporting Period.  2. [&#8230;***&#8230;].  2.1 [&#8230;***&#8230;].  2.2 [&#8230;***&#8230;].  3. [&#8230;***&#8230;].  [&#8230;***&#8230;]:  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 11  BOEING PROPRIETARY  ATTACHMENT B    ADJUSTMENTS (CONTINUED)    3.1 [&#8230;***&#8230;].  3.2 [&#8230;***&#8230;].  3.3 [&#8230;***&#8230;]:  (i) [&#8230;***&#8230;];  (ii) [&#8230;***&#8230;];  (iii) [&#8230;***&#8230;]  (iv) [&#8230;***&#8230;].  3.4 Boeing will [&#8230;***&#8230;] by the Relative Difference to determine the [&#8230;***&#8230;] for  the Covered Aircraft.  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">  WJE-PA-05130-LA-2101489       Page 12  BOEING PROPRIETARY  ATTACHMENT B    ADJUSTMENTS (CONTINUED)    4. Reporting Period Adjustments.  4.1 The reported [&#8230;***&#8230;] for a Reporting Period and the reported [&#8230;***&#8230;] for  a Reporting Period will be revised to values expressed in the [&#8230;***&#8230;] published for the  [&#8230;***&#8230;] to the [&#8230;***&#8230;] published during [&#8230;***&#8230;] of the applicable Reporting Period.  4.2 The reported [&#8230;***&#8230;] for a Reporting Period and the reported [&#8230;***&#8230;] for  a Reporting Period will be revised by multiplying the reported (i) [&#8230;***&#8230;], and (ii) [&#8230;***&#8230;]  by the ratio of the [&#8230;***&#8230;] specified in the operational assumptions to the [&#8230;***&#8230;] as  reported.  4.3 Recalculation of [&#8230;***&#8230;].  4.3.1 Covered Aircraft. The [&#8230;***&#8230;]is based on the number of Covered  Aircraft. If the number of Covered Aircraft changes during any Reporting Period, the  [&#8230;***&#8230;] will be recalculated for that Reporting Period to address [&#8230;***&#8230;].  4.3.2 Delivery Schedule. The [&#8230;***&#8230;] is based on the delivery schedule  of Covered Aircraft as described in Table 1 of the Purchase Agreement. If the delivery  schedule for the Covered Aircraft changes during any Reporting Period, the [&#8230;***&#8230;] will  be recalculated for that Reporting Period and subsequent Reporting Periods to address  [&#8230;***&#8230;].  4.3.3 Furthermore, if Customer updates any operational assumptions,  Boeing may adjust the [&#8230;***&#8230;] as appropriate. For example, Boeing may adjust for  assumptions such as:  (i) [&#8230;***&#8230;];  (ii) [&#8230;***&#8230;];  (iii) [&#8230;***&#8230;];  (iv) [&#8230;***&#8230;]  (v) [&#8230;***&#8230;].  4.3.4 Boeing will provide Customer any recalculated [&#8230;***&#8230;] for the  applicable Reporting Period.  </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">    This copy of the document filed as an Exhibit excludes certain identified information because such information is both (i) not  material and (ii) would likely cause competitive harm if publicly disclosed. Omissions are designated by the symbol [&#8230;***&#8230;].   The Boeing Company   P.O. Box 3707   Seattle, WA 98124 2207  Page 13  BOEING PROPRIETARY    ATTACHMENT C    [&#8230;***&#8230;] BENCHMARK DATA / REPORTED [&#8230;***&#8230;]    Reference: Appendix C to Agreement No. PA-05130 (Purchase Agreement) and [&#8230;***&#8230;]      Subject: Data reported pursuant to Article 5.1 of the referenced Letter Agreement    General Information  Year  Average Number of Aircraft  Fleet Flight Hours   Aircraft Model  Average Aircraft Age (years)  Fleet Cycles     Maintenance Cost Information   Check Interval [&#8230;***&#8230;] [&#8230;***&#8230;]    Planned    Actual  #   Checks  [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;] [&#8230;***&#8230;]  On-Airplane           Line Maintenance   N/A        Minor or &#8220;A&#8221; Check           Major or &#8220;C&#8221; Check           Heavy or &#8220;D&#8221; Check           Off-Airplane           Brakes           Wheels, Tires           Landing Gear           APU           Other Components   N/A          </FONT></DIV>
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