Common use of LEASE ENGINE PROGRAM Clause in Contracts

LEASE ENGINE PROGRAM. An engine lease program will be made available to V2500 Airline Customers subject to IAE's standard terms and conditions of lease. Pool spares will be stationed at selected locations to assure emergency protection against aircraft-on-ground (AOG) situations or to provide supplemental support during "zero spares" conditions. Lease engines offered to New Air will be of a configuration and certification standard acceptable to New Air. Availability will be subject to prior demand; however, the program logistics will be continually reviewed to assure the most effective deployment of available pool engines.

LEASE ENGINE PROGRAM. An engine lease program will be made available to V2500 Airline Customers subject to IAE's standard terms and conditions of lease. Pool spares will be stationed at selected locations to assure emergency protection against aircraft-on-ground (AOG) situations or to provide supplemental support during "zero spares" conditions. Lease engines offered to New Air will be of a configuration and certification standard acceptable to New Air. Availability engine availability will be subject to prior demand; however, the program logistics will be continually reviewed to assure the most effective deployment of available pool engines.