Electronica Direct via Amazon offers Prime members the Logitech Folio Protective Case for iPad Air in Grey for $7.95 with free shipping. (Non-members can spend $35 or more to qualify for free shipping; otherwise, it adds $8.54.) That's the lowest total price we could find by $12. It features a multi-position stand and magnetic closure.

Order by December 19 at 11 pm ET to guarantee delivery in time for Christmas.

Update: The price has increased to $8.95.