Common use of Maintenance Reserves Clause in Contracts

Maintenance Reserves. The company will has to pay monthly reserves for scheduled maintenance items in addition to the annual airframe (engines, disks, landing gear, etc) for the leased aircraft as “additional rent.” The budget amount for 2011/12 of $1,918K is driven by the schedule.

Appears in 1 contract

Sources: Ownership Agreements

Maintenance Reserves. The company will has to pay monthly reserves for scheduled maintenance items in addition to the annual airframe (engines, disks, landing gear, etc) for the leased aircraft as “additional rent.” The budget amount aircraft. Overhaul Reserves for 2011/12 the year ending June 30, 2009 is expected to be $828K, a slight decrease over the budgeted results for 2007/8 of $1,918K 1,026k. This is driven by the scheduleschedule and better negotiated monthly reserve rates.

Appears in 1 contract

Sources: Ownership Agreements

Maintenance Reserves. The company will has to pay monthly reserves for scheduled maintenance items in addition to the annual airframe (engines, disks, landing gear, etc) for the leased aircraft as “additional rent.” aircraft. The budget amount for 2011/12 2010/11 of $1,9181,853K is driven by the schedule.

Appears in 1 contract

Sources: Ownership Agreements