An engine lease is a negotiated transaction agreement that provides the asset for compensation.
Power by the hour leasing is an operating lease where the Lessor retains ownership of the engine and provides the engine to the Lessee on a fixed cost basis.
Similar to the many currency requirements for airman, the FAA requires a series of aircraft inspections.
In March 2016, Air Transport Services Group announced a series of agreements with Amazon Fulfillment Services.
The MEL is a document and method operators use to obtain relief from non-operational equipment installed on the aircraft at time of flight.
The life of an aircraft engine is measured in hours of operation since some major service was done to it.
The auxiliary power unit or APU as it is commonly known, is a small gas turbine engine, fitted to aircraft.