Aircraft utilization definition
Examples of Aircraft utilization in a sentence
Lessee shall report monthly Aircraft utilization to Lessor on or before the tenth (10th) calendar day of each calendar month during the Lease Term for each Aircraft.
If for any reason orders are placed or subsequently rescheduled to specify delivery more than six (6) months after the date of first Aircraft delivery (as it was scheduled at the date of supply by IAE of Initial Provisioning Data), then the prices for such items shall be those prices in effect ninety (90) days prior to the scheduled time for delivery of such items against a schedule commensurate with Spirit fleet build up and Aircraft utilization.
If for any reason orders are placed or subsequently rescheduled to specify delivery more than six (6) months after the date of first Aircraft delivery (as it was scheduled at the date of supply by IAE of Initial Provisioning Data), then the prices for such items shall be those prices in effect ninety (90) days prior to the scheduled time for delivery of such items against a schedule commensurate with New Air fleet build up and Aircraft utilization.
Buyer's fleet-wide average annual Aircraft utilization shall be *** flight hours, plus or minus ***.
Should actual Aircraft utilization exceed such range allowances, both Parties shall mutually agree to any adjustments that may be required.
Annual average Aircraft utilization is not less than three thousand (3,000) flight hours per year.
At Lessee's option and with Lessor's agreement Lessee may provide at the Delivery Date and annually thereafter during the Lease Term, letters of credit issued by a bank acceptable to Lessor, in lieu of Supplemental Rent, in respect of Aircraft utilization in Flight Hours, Cycles or calendar months as appropriate to each maintenance event type.
Aircraft utilization will always be reimbursable fire assistance upon request from the U.S. Forest Service.
Utilization Reporting: Lessee shall report monthly Aircraft utilization to Lessor on or before the tenth (10th) calendar day of each calendar month during the Lease Term for each Aircraft.
Buyer's EMB-145 and EMB-135KL fleet-wide average annual Aircraft utilization shall be [*] flight hours, plus or minus [*] In the event that the Aircraft utilization is more than [*] different of the conditions described in this paragraph, [*] shall be adjusted in accordance with the "Aircraft [*] which has already been provided by Embraer to Buyer.