Common use of New Engine Option Clause in Contracts

New Engine Option. 2.1.2.1 The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”), applicable to the A319, A320 and A321 type aircraft. The specification of the A319, A320 and A321 NEO Aircraft shall be derived from the current A319, A320 and A321 respective Standard Specification(s) and based on the new Propulsion Systems, as set forth in Clause 2.3 below, and Sharklets, combined with the required airframe structural adaptations, as well as Aircraft systems and software adaptations required to operate such A320 NEO Family Aircraft. The foregoing is currently reflected in the Irrevocable SCNs listed in Appendix 1 to Exhibit A, the implementation of which is hereby irrevocably accepted by the Buyer. 2.1.2.2 The New Engine Option shall modify the design weights of the Standard Specification(s) as follows: ▇▇▇▇ [*] [*] [*] MLW [*](*) [*](*) [*](*) MZFW [*](*) [*](*) [*](*)

Appears in 2 contracts

Sources: Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.)