DTWPurserBoy From United States of America, joined Feb 2010, 1030 posts, RR: 5 Posted (5 months 1 week 1 day 6 hours ago) and read 3763 times:
I have always been curious about the purchase process. After the Board of Directors approves a purchase, how much of a deposit is required to get the slots. Are there step payments with the big final payment on delivery? What is the cost of holding options?
I recall in a book written by my personal airline author favorite Robert Serling that NW captains that flew out to Boeing to take delivery of the 727's actually carried the check for the payment.
Qualified on Concorde/B707/B720/B727/B737/B747/B757/B767/B777/DC-8/DC-9/DC-10/A319/A320/MD-88-90
There are payments along with the order, pre delivery payments in several steps and so on. The final payment must be done prior to delivery. Without it, the aircraft would not be released from the manufacturer.