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What is a letter of intent in aircraft leasing?

An LOI is a pre-contract document signed by both parties that is not legally binding*. It can be one page, or twenty. It can be a simple application, or it can be super-detailed. To make the final contract almost fly on autopilot.

What is the meaning of Ldnd in aviation?

When we speak about LDND at an end of lease (EOL) review we are referencing a list of all maintenance tasks applicable to the aircraft being returned and we are outlining when any given task has been last performed and when it is next due.

What is LOI aviation?

The FAA can issue a Letter of Intent (LOI) for certain airport development projects when available funding will not meet the airport sponsors timing for a particular project. Under this provision, the sponsor of a primary or reliever airport may ask the FAA to consider issuing an LOI.

What are typical aircraft lease terms?

Aircraft leasing is a great option for those who want to own an airplane without the high cost of ownership. A typical aircraft lease will last between 5 and 10 years, and then youll return it to the lessor or purchase it outright.

What is LOI aviation?

The FAA can issue a Letter of Intent (LOI) for certain airport development projects when available funding will not meet the airport sponsors timing for a particular project. Under this provision, the sponsor of a primary or reliever airport may ask the FAA to consider issuing an LOI.

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