Exhibit 10.50
Execution Version
AMENDMENT NUMBER ONE TO
AIRCRAFT LEASE AGREEMENT
Dated as of November 10, 2008
AMONG
C.I.T. LEASING
CORPORATION
as
Lessor
AND
HAWAIIAN AIRLINES,
INC.
as
Lessee
Concerning:
One (1) Airbus A330-200 Aircraft
Two (2) Rolls-Royce Trent 772B Engines
AMENDMENT NUMBER ONE TO AIRCRAFT
LEASE AGREEMENT
This AMENDMENT NUMBER ONE TO
AIRCRAFT LEASE AGREEMENT (this “ Amendment ”) is
dated as of November 10, 2008 and is entered into between
C.I.T. LEASING CORPORATION, a company organized and existing under
the applicable laws of the State of Delaware (“ Lessor
”) and HAWAIIAN AIRLINES, INC., a company organized and
existing under the applicable laws of Delaware (“
Lessee ”).
RECITALS
WHEREAS, Lessor and Lessee have
previously entered into that certain Aircraft Lease Agreement dated
as of October 31, 2008 (as amended and supplemented to date,
the “ Lease ”);
WHEREAS, pursuant to the Lease,
Lessee has agreed to lease from Lessor one (1) Airbus model
A330-200aircraft, equipped with two (2) Rolls-Royce Trent 772B
engines (as more fully described and defined in the Lease, the
“ Aircraft ”);
WHEREAS, Lessor and Lessee entered
into a Side Letter Agreement dated October 31, 2008 (the
“ Side Letter ”), in which Lessee was given the
option to accelerate the Scheduled Delivery Date from
November 2010 to April 2010, and Lessee has elected to
exercise that option in accordance with the Side Letter;
and
WHEREAS, Lessee and Lessor desire to
amend the provisions of the Lease as set forth herein.
NOW, THEREFORE, for and in
consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, Lessor and Lessee hereby agree as follows:
AGREEMENT
1.
Definitions . Capitalized terms not otherwise
defined herein shall have the meanings given to them in the
Lease.
2.
Appendix 2A to Lease, Section 1 .
Section 1 of Appendix 2A to the Lease is amended by
deleting “November” and replacing it with
“April”.
3.
Effectiv
