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  EXAMPLE LEASE SPECIFICATION 

The lease specification for the Ross amphibian is based on the concept of 'pay by the hour'. 

Lease specification.gif (3872 bytes)

  • The example illustrated is based on a 5000 hrs airframe lease agreed at a utilisation rate of 1000 hrs per year. 
  • The Lycoming TBO's are used as the basis for the powerplant lease. 
  • The engine replacement fund is a sinking fund designed to provide the downpayment for the first and second engine changes over the life of the airframe lease, and forms the third element of the hourly rate. 
  • Please note that changes to annual utilisation, finance charges, downpayment and guaranteed residual rates will materially alter the hourly charge.
  kenn heeley 
1 Sept 98