Option

November 30, 2010 - 10:17am

CRS Jet Spares reports a 25-percent decrease in customer additional billings (billbacks) over the past 18 months as a result of its Option 2 pricing program.  
When an operator needs a part, an exchange transaction is the common method of handling the purchase. The problem with that type of transaction is there’s the chance of a billback to the operator at a later date based upon the actual condition of the core.

August 24, 2009 - 11:34am

Canadian airline WestJet has placed an order for 14 additional Boeing 737-700NGs, the manufacturer and airline each announced today. The Calgary-based, low-fare airline also announced plans to reschedule delivery of 16 of the single-aisle airplanes already on order, to “provide for a smoother aircraft delivery schedule and a more flexible fleet plan.” WestJet flies an all-Boeing fleet of 81 Next-Generation 737s.

April 30, 2007 - 11:27am

Houston-based Bristow has exercised options to acquire four more Sikorsky S-92s. As part of the agreement, an earlier order for nine S-76s has been converted to options on the smaller rotorcraft. In addition, Bristow has taken options on 10 more S-92s, bringing the total number of options for this model to 14. –Thierry Dubois

 
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