Current through October 31, 2024
Section 7.400 - Scope of subpartThis subpart-
(a) Implements section 555 of the FAA (Federal Aviation Administration) Reauthorization Act of 2018 (Pub. L. 115-254);(b) Provides guidance when acquiring equipment and more than one method of acquisition is available for use; and(c) Applies to both the initial acquisition of equipment and the renewal or extension of existing equipment leases or rental agreements. 86 FR 31072 , June 10, 2021