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AMENDMENT NO. 1 TO LEASE AGREEMENT

Lease Agreement

AMENDMENT NO. 1 TO LEASE AGREEMENT | Document Parties: HAWAIIAN HOLDINGS INC | AWAS Aviation Services, Inc | Hawaiian Airlines, Inc | Pegasus Aviation Finance Company You are currently viewing:
This Lease Agreement involves

HAWAIIAN HOLDINGS INC | AWAS Aviation Services, Inc | Hawaiian Airlines, Inc | Pegasus Aviation Finance Company

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Title: AMENDMENT NO. 1 TO LEASE AGREEMENT
Date: 2/26/2009
Industry: Airline     Sector: Transportation

AMENDMENT NO. 1 TO LEASE AGREEMENT, Parties: hawaiian holdings inc , awas aviation services  inc , hawaiian airlines  inc , pegasus aviation finance company
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Exhibit 10.49

 

*** CERTAIN CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND

FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE

COMMISSION PURSUANT TO RULE 24B-2 OF THE

SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

AMENDMENT NO. 1 TO LEASE AGREEMENT
(AIRCRAFT NO. 2)

 

This Amendment No. 1 to Lease Agreement (Aircraft No. 2) (“Amendment”), dated as of November 10, 2008, is entered into by and between Pegasus Aviation Finance Company, a Delaware corporation, having a mailing address at c/o AWAS Aviation Services, Inc., One West Street, Suite 100-5, New York, NY 10004 (herein called “Lessor”), and Hawaiian Airlines, Inc., a Delaware corporation, having its principal place of business at 3375 Koapaka Street, Suite G350, Honolulu, Hawaii 96819 (herein called “Lessee”).

 

RECITALS

 

A.                                    Lessor and Lessee have heretofore entered into a Lease Agreement (Aircraft No. 2) dated as of October 21, 2008 which is being filed simultaneously herewith (as the same may be supplemented, amended, novated or modified from time to time, the “Lease”), pursuant to which Lessor has agreed to lease to Lessee one factory new Airbus Model A330-200 aircraft, together with two Rolls Royce Trent 772B engines installed thereon, as more specifically described in the Lease Supplement attached to the Lease.

 

B.                                      The expected month for delivery of the Aircraft pursuant to the Lease is April, 2011.

 

C.                                      Lessor and Lessee wish to amend the terms of the Lease on the terms and conditions set forth herein.

 

D.                                     Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in the Lease and reference to “Articles” herein shall be construed to refer to Articles of the Lease.

 

TERMS AND CONDITIONS

 

Therefore, in consideration of the premises, and for good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto hereby agree as follows, with effect from the date hereof:

 

1.                                        The reference in Article 2.2.1(ii) of the Lease to “February 1, 2010” is replaced by “April 1, 2009”.

 


*** Material has been omitted pursuant to a request for confidential treatment and filed separately with the SEC

 



 

2.                                        The reference in Article 2.3.1 of the Lease to “April, 2011”, is replaced by “May, 2010”.

 

3.                                         ANNEX I to Schedule 1 of the Lease is amended and restated in its entirety as provided in Paragraph 1 of Schedule 1 hereto.

 

4.                                         Lessee represents and warrants to Lessor on the date this Amendment is signed by Lessor and Lessee, that:

 

(i)                                      Lessee is a corporation duly organized and existing in good standing under the laws of Delaware, has full power, authority and legal right to own its properties and to carry on its business as presently conducted and to perform its obligations under the Lease, as amended hereby, holds all licenses, certificates and permits from all governmental authorities necessary for the conduct of its business, and is duly qualified to do business as a corporation in good standing in each jurisdiction in which the failure to be so qualified would have a materially adverse effect on Lessee or on its ability to perform its obligations under the Lease, as amended hereby.

 

(ii)                                   This Amendment has been duly authorized by all necessary action on the part of Lessee, and neither the exec


 
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