Frontier Airlines 2010 Annual Report Download - page 151

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EXHIBIT 10.45(d)
CONFIDENTIAL TREATMENT
REQUESTED PURSUANT TO RULE 24b-2
Certain portions of this exhibit, as indicated by “[*]”, have been omitted, pursuant to a request for confidential treatment under Rule 24b-2 of the
Securities Exchange Act of 1934. The omitted materials have been filed separately with the Securities and Exchange Commission.
AMENDMENT NUMBER THREE to
DELTA CONNECTION
AGREEMENT
This Amendment Number Three (this "Amendment"), dated as of the 31st day of January, 2011
(“Amendment Number Three Effective Date”), to the Delta Connection Agreement dated and effective January 13,
2005 (as amended from time to time, the “Agreement”), is among Delta Air Lines, Inc., 1030 Delta Boulevard,
Atlanta, Georgia 30320 ("Delta"), Shuttle America Corp. (as assignee of Republic Airline, Inc.) (“Shuttle America” or
“Operator”), 8909 Purdue Road, Indianapolis, Indiana 46268 and Republic Airways Holdings, Inc. (“Republic”),
8909 Purdue Road, Indianapolis, Indiana 46268.
WHEREAS, Delta, Shuttle America and Republic are parties to the Agreement; and
WHEREAS, the parties desire to establish the annual Base Rate Costs for certain periods, add
additional aircraft within the scope of the Agreement and amend certain provisions of the Agreement, each pursuant
to the terms of the Agreement; and
NOW, THEREFORE, for and in consideration of the mutual undertakings set forth herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Delta, Operator and
Republic, intending to be legally bound, hereby agree as follows:
1.
Defined Terms. All terms capitalized used, but not defined, herein shall have the meaning ascribed to such
terms in the Agreement.
2.
Compensation Matters
A.2011 Through 2016 Base Rate Costs; 2009 and 2010 Payments. Notwithstanding the terms and conditions set forth in Section 3(G) of
the Agreement, the parties agree as follows:
(i) 2011 Base Rate Costs. Subject to the potential adjustments of the Base Rates Costs with respect to Airframe
Maintenance, Engine Consumables and Depreciation (parts and engines) as contemplated by Section 2(B) below, the
Base Rate Costs for calendar year 2011 shall be as set forth in Exhibit A attached to this Amendment and
incorporated herein.
(ii) 2012, 2013, 2014 and 2015 Base Rate Costs. With respect to the Bases Rate Costs for each of calendar years
2012, 2013, 2014 and 2015, subject to the potential adjustments of the Base Rates Costs with respect to Airframe
Maintenance, Engine Consumables and Depreciation (parts and engines) as contemplated by Section 2(B) below,
each such calendar year's applicable Base Rate Costs shall be determined by multiplying the Base Rate Costs in effect
for the immediately preceding calendar year (e.g calendar year 2013 for establishing the Base Rate Costs for calendar
year 2014) by a percentage equal to the sum of [*] plus the applicable “CPI Change” (as calculated pursuant to
sub-clause (v) below) plus [*].