Payment Terms


Payment terms refer to the agreed-upon conditions between a buyer and a seller regarding the payment of goods or services. In the aviation industry, payment terms are often negotiated between airlines and aircraft manufacturers, leasing companies, or maintenance providers. These terms may include the amount and timing of payments, as well as any penalties or incentives for early or late payments. Payment terms can also be influenced by factors such as the size of the transaction, the creditworthiness of the parties involved, and the length of the contract.


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  • Automatic Landing System: An Automatic landing system (ALS) is a system that enables an aircraft to land automatically, without any input from the pilot. The ALS uses a combination of radio signals, computer systems, and sensors to guide the aircraft to the runway a ... Read More >>
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  • Priority Boarding: Priority boarding is a service offered by airlines that allows certain passengers to board the aircraft before the general boarding process. This service is usually offered to passengers who have purchased a higher fare class, frequent flye ... Read More >>
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