I never quite got the stuff about MOU.
Is it anything different than Paramount telling Airbus that:" Hey, we like your product and we might buy it, maybe, sometime, perhaps, possible hopefully in the future if we still like it.
Luke From United Kingdom, joined Apr 2005, 181 posts, RR: 0 Reply 2, posted (3 years 11 months 1 week 3 days 21 hours ago) and read 2228 times:
Quoting Chiad (Reply 1): I never quite got the stuff about MOU.
Is it anything different than Paramount telling Airbus that:" Hey, we like your product and we might buy it, maybe, sometime, perhaps, possible hopefully in the future if we still like it.
Good question, something I've been wondering also. From a bit of research on the net, it seems that an MOU is not legally binding, but is a way for the intentions of the airline to be communicated to the manufacturer in advance of the signing of a legal contract.
I'm not sure what the advantage is of doing this. Why do airlines not just wait until a formal order can be made? Does an MOU secure delivery slots in advance in case an order is made?
Nimish From India, joined Feb 2005, 3079 posts, RR: 9 Reply 3, posted (3 years 11 months 1 week 3 days 20 hours ago) and read 2114 times:
Quoting Luke (Reply 2): I'm not sure what the advantage is of doing this. Why do airlines not just wait until a formal order can be made? Does an MOU secure delivery slots in advance in case an order is made?
Probably locks the price/slots in for a certain period of time at a certain "consideration" during the MoU signing?
Starrion From United States of America, joined Jul 2003, 1081 posts, RR: 2 Reply 4, posted (3 years 11 months 1 week 3 days 13 hours ago) and read 1866 times:
Hey that's a really cool airplane you have on sale there.
I'll take ten of them, and the options to take ten more at x price with Delivery in Y(ear)
Deposit? Oh, right. Yeah, let me give you a call once I have the financing put together. Thanks!
Does anyone remember the airline that bought some 787's early on that everyone said was a paper order. Did they ever cancel that?
VirginFlyer From New Zealand, joined Sep 2000, 4502 posts, RR: 50 Reply 5, posted (3 years 11 months 1 week 3 days 3 hours ago) and read 1724 times:
Quoting Starrion (Reply 4): Does anyone remember the airline that bought some 787's early on that everyone said was a paper order. Did they ever cancel that?
Aviationbuff From India, joined Mar 2008, 1424 posts, RR: 3 Reply 6, posted (3 years 11 months 1 week 3 days 2 hours ago) and read 1704 times:
Good to see Paramount sign a MOU for 10+10 A321's.
Paramount was talking for a long regarding route expansion and acquisition of A350/B787. This announcement, if not for A350/B787 is for a bigger aircraft than their current fleet.
HAWK21M From India, joined Jan 2001, 31201 posts, RR: 58 Reply 7, posted (3 years 11 months 1 week 2 days 1 hour ago) and read 1471 times:
Somehow I find it tough to believe Paramount will get those A321s...seeing whats happening with the recruitment process of Pliots recently,things don't look so optimistic.
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