Supplemental Agreement No. 46 to Purchase Agreement No. 1951

EXHIBIT 10.5

Supplemental Agreement No. 46

to

Purchase Agreement No. 1951

Between

The Boeing Company

and

Continental Airlines, Inc.

Relating to Boeing Model 737 Aircraft

THIS SUPPLEMENTAL AGREEMENT, entered into as of

June 25, 2008 by and between THE BOEING COMPANY (Boeing) and Continental Airlines, Inc. (Buyer);

WHEREAS, Buyer wishes to exercise [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree to amend the Agreement as follows:

1. Table of Contents, Articles, Tables and Exhibits, and Letter Agreements :

1. 1. 1. Remove and replace, in its entirety, the "Table of Contents", with the Table of Contents attached hereto, to reflect the changes made by this Supplemental Agreement No. 46.
      2. Remove and replace, in their entirety, pages T-6-1 and T-6-2 of Table 1 entitled the "Aircraft Deliveries and Descriptions, Model 737-900ER Aircraft", with the revised pages T-6-1 and T-6-2 of Table 1 attached hereto.
      3. Remove and replace, in their entirety, page T-2-2, T-2-3 and T-2-4 of Table 1 entitled the "Aircraft Deliveries and Descriptions, Model 737-700 Aircraft", with the revised page T-2-2 and T-2-3 of Table 1 attached hereto.
      4. Incorporate Letter Agreement 6-1162-SEE-133, Model 737-924ER Performance Guarantees - Settlement.

1.5 Remove and replace, I n its entirety, Letter Agreement 6-1162-MMF-311R5 entitled [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] , with the revised Letter Agreement 6-1162-MMF-311R6 attached hereto.

1.6 Remove and replace, in its entirety, Letter Agreement 6-1162-GOC-131R9 entitled "Special Matters", with the revised Letter Agreement 6-1162-GOC-131R10 attached hereto reflecting agreement to use the appropriate factor contained in Boeing's 4 ^th Qtr 2007 escalation forecast package for [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

1.7 Remove and replace, in its entirety, the cover page to Exhibit A-1.1 entitled "Aircraft Configuration - Model 737-724 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

" with the revised cover page reflecting revision documented in SA-41 to revise title to "Aircraft Configuration - Model 737-724 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] .

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

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

THE BOEING COMPANY Continental Airlines, Inc.

By: /s/ Susan Englander By: /s/ Gerald Laderman

Its: Attorney-In-Fact   Its: Senior Vice President -

• • • • • • • • • • • Finance and Treasurer

TABLE OF CONTENTS

• • • Page SA

      Number Number

      ARTICLES

      1. Subject Matter of Sale 1-1 SA 39

      2. Delivery, Title and Risk
      of Loss 2-1

      3. Price of Aircraft 3-1 SA 39

      4. Taxes 4-1

      5. Payment 5-1

      6. Excusable Delay 6-1

      7. Changes to the Detail Specification 7-1 SA 39

      8. Federal Aviation Requirements and
      Certificates and Export License 8-1 SA 39

      9. Representatives, Inspection, Flights and Test Data 9-1

      10. Assignment, Resale or Lease 10-1

      11. Termination for Certain Events 11-1

      12. Product Assurance; Disclaimer and Release; Exclusion of Liabilities;
      Customer Support; Indemnification and Insurance 12-1

      13. Buyer Furnished Equipment and Spare Parts 13-1

      14. Contractual Notices and Requests 14-1 SA 39

      15. Miscellaneous 15-1

       

      TABLE OF CONTENTS

       

      Page SA

      Number Number

      TABLES

      1. Aircraft Deliveries and
      Descriptions - 737-500 T-1 SA 3

      Aircraft Deliveries and
      Descriptions - 737-700 T-2 SA 46

      Aircraft Deliveries and
      Descriptions - 737-800 T-3 SA 45

      Aircraft Deliveries and
      Descriptions - 737-600 T-4 SA 4

      Aircraft Deliveries and
      Descriptions - 737-900 T-5 SA 39

      Aircraft Deliveries and
      Descriptions - 737-900ER T-6 SA 46

      • • • EXHIBITS

            A-1 Aircraft Configuration - Model 737-724

      (Aircraft delivering through July 2004) SA 26

      A-1.1 Aircraft Configuration - Model 737-724

      (Aircraft delivering on or after August 2004) SA 46

      A-2 Aircraft Configuration - Model 737-824

      (Aircraft delivering through July 2004) SA 26

      A-2.1 Aircraft Configuration - Model 737-824

      (Aircraft delivering August 2004

      through December 2007) SA 41

      A-2.2 Aircraft Configuration - Model 737-824

      (Aircraft delivering January 2008 through July 2008 SA 45

      A-2.3 Aircraft Configuration - Model 737-824

      (Aircraft delivering after July 2008)........ SA 45

      A-3 Aircraft Configuration - Model 737-624 SA 1

      TABLE OF CONTENTS

      SA

      Number

      • • • EXHIBITS (continued)

      A-4 Aircraft Configuration - Model 737-524 SA 3

      A-5 Aircraft Configuration - Model 737-924

      [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

      SA 26

      A-6 Aircraft Configuration - Model 737-924ER SA 45

      [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

A-6.1 Aircraft Configuration - Model 737-924ER

• • • [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

       

      B Product Assurance Document SA 1

      C Customer Support Document - Code Two -
      Major Model Differences SA 1

      C1 Customer Support Document - Code Three -
      Minor Model Differences SA 39

      D Aircraft Price Adjustments - New
      Generation Aircraft (1995 Base Price -

      [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

      SA 1

      D1 Airframe and Engine Price Adjustments -

      Current Generation Aircraft SA 1
      

      SA

      Number

      • • • EXHIBITS (continued)

      D2 Aircraft Price Adjustments - New
      Generation Aircraft (1997 Base Price -

      [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

      SA 5

      D3 Aircraft Price Adjustments - New
      Generation Aircraft (July 2003 Base Price -

      [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

      SA 41

      D4 Escalation Adjustment - Airframe and

      Optional Features [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

      SA 41

      E Buyer Furnished Equipment
      Provisions Document SA 39

      F Defined Terms Document SA 5

       

      • • • TABLE OF CONTENTS

      SA

      Number

LETTER AGREEMENTS

• • • • • • 1951-1 Not Used

            1951-2R4 Seller Purchased Equipment SA 39

            1951-3R22 Option Aircraft-Model 737-824 Aircraft SA 38

            1951-4R1 Waiver of Aircraft Demonstration SA 1

            1951-5R3 Promotional Support - New Generation

            Aircraft SA 39

            1951-6 Configuration Matters

            1951-7R1 Spares Initial Provisioning SA 1

            1951-8R2 Escalation Sharing - New Generation
            Aircraft SA 4

            1951-9R20 Option Aircraft-Model 737-724 Aircraft SA 45

            1951-11R1 Escalation Sharing-Current Generation
            Aircraft SA 4

            1951-12R7 Option Aircraft - Model 737-924 Aircraft SA 32

            1951-13 Configuration Matters - Model 737-924 SA 5

14. 14. Installation of Cabin Systems Equipment

• • • • • • 737-924 SA 22

            1951-15 Configuration Matters - Model 737-924ER SA 39

             

             

             

             

TABLE OF CONTENTS

SA

Number

RESTRICTED LETTER AGREEMENTS

• • • • • • 6-1162-MMF-295 Performance Guarantees - Model

            737-724 Aircraft

            6-1162-MMF-296 Performance Guarantees - Model

            737-824 Aircraft

            6-1162-MMF-308R4 Disclosure of Confidential

            Information SA 39

6-1162-MMF-309R1 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH TH