|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the AYR 10-K filed Mar 2, 2009. Security
Deposits
Most of our operating leases require the lessee to pay Aircastle
a security deposit or provide a letter of credit. At
December 31, 2007 and 2008, security deposits represent
cash received from the lessee that is held on deposit until
lease expiration. Aircastle’s operating leases also
obligate the lessees to maintain flight equipment and comply
with all governmental requirements applicable to the flight
equipment, including, without limitation, operational,
maintenance, registration requirements and airworthiness
directives.
Security Deposits Most of our operating leases require the lessee to pay Aircastle a security deposit or provide a letter of credit. At December 31, 2007 and 2008, security deposits represent cash received from the lessee that is held on deposit until lease expiration. Aircastle’s operating leases also obligate the lessees to maintain flight equipment and comply with all governmental requirements applicable to the flight equipment, including, without limitation, operational, maintenance, registration requirements and airworthiness directives. This excerpt taken from the AYR 8-K filed Sep 26, 2007. Security Deposits Most of our operating leases require the lessee to pay Aircastle a security deposit or provide a letter of credit. At December 31, 2005 and 2006, security deposits represent cash received from the lessee that are held on deposit until lease expiry. Aircastle’s operating leases also obligate the lessees to maintain flight equipment and comply with all governmental requirements applicable to the flight equipment, including, without limitation, operational, maintenance, registration requirements and airworthiness directives. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for AYR: |
| |||||||
