Letter of Intent: a written document stating that a customer agrees in principle to purchase aircraft from a manufacturer at a given price and for a given quantity, sometimes including an approximate delivery schedule. However a deposit has not been paid and the buyer has not fully committed to the purchase as they are still able to walk away from the deal. Thus the manufacturer cannot guarantee the delivery slots until the finer details of the purchase agreement are negotiated and agreed upon. Once the purchase agreement is signed and a deposit paid, the LoI is converted to a Firm Order.
Articles in this section
- How often is Fuel Burn and CO₂ Emissions data in Fleets Analyzer updated, what is the coverage and what are the sources?
- How often is tracked aircraft utilisation data in Fleets Analyzer updated, what is the coverage and what are the sources?
- What is the difference between Tracked vs. Reported Utilization?
- Why is the number of tracked aircraft in a period sometimes less than the number of in-service aircraft for that period?
- Why is the number of tracked aircraft in a period sometimes greater than the number of in-service aircraft for that period? (i.e. why are stored aircraft flying?)
- Trend: Hours and cycles reported and tracked utilisation definitions
- How do we identify an aircraft?
- Fleets Analyzer Base Location fields
- What are Old, New and Current Columns in Aircraft Events Module in Fleets Analyzer?
- Do you research In Flight Entertainment (IFE) content providers?