Benchmark Method for Determining Target Maintenance Costs Sample Clauses

Benchmark Method for Determining Target Maintenance Costs. 3.1 The Target Maintenance Costs will be determined for the Covered Aircraft as specified in subparagraphs 3.l (a) through 3.1 (g) of this Attachment B. (a) The Direct Material Costs reported in the maintenance Cost Benchmark Data will be revised to values expressed in base year 2006 (Base Year) by multiplying such costs by the ratio of the average of the values for the Material Index published during the twelve months of the Base Year to the average of the values for the Material Index published for the months in which such Direct Material Costs were incurred. (b) The Direct Labor Costs reported in the Maintenance Cost Benchmark Data will be revised to values expressed in the Base Year by multiplying such costs by the ratio of the average of the values for the Labor Index published during the twelve months of the Base Year to the average of the values for the Labor Index published for the months in which the Benchmark Direct Material Costs were incurred. (c) The methodology and the applicable factors will be used as set forth in paragraph 5.6 of this Attachment B to convert the Benchmark Maintenance Cost Data to a Mature Benchmark Fleet Value, which reflects a maturity factor equal to 1.00. (d) Next Boeing will decrease the Mature Benchmark Fleet Value by the percentage specified in Article 5.2 of the Letter Agreement to determine the Mature Equivalent Maintenance Cost for the Covered Aircraft. (e) From the Mature Equivalent Maintenance Cost Boeing will derive the Covered Aircraft Maintenance Cost Baseline Values for the elements described in Table 1 of this Attachment: TABLE 1: Covered Aircraft Maintenance Cost Baseline ------------------------------------------------------------------------ Labor Labor Material $ Material $ Hours per Hours per per FH per Cycle FH Cycle ------------------------------------------------------------------------ AA BB CC DD ------------------------------------------------------------------------------------------------------------------ Line A Check C or 1 C-3C Check D/SI or 4C/SI Check Brakes Wheels/Tires Landing Gear APU Other Components QEC Line ================================================================================================================== (f) The following formulas, the Covered Aircraft Maintenance Cost Baseline Values and the operational assumptions for the Covered Aircraft provided by Customer in Attachment A to the Letter Agreement will be used to generate the Target Mature Maintenance Cost for the ...
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Benchmark Method for Determining Target Maintenance Costs. The Target Maintenance Costs will be determined for the Covered Aircraft as specified in subparagraphs 3.1 through 3.8 of this Attachment B.
Benchmark Method for Determining Target Maintenance Costs. The Target Maintenance Costs will be determined for the Covered Aircraft by adjusting Customer’s Maintenance Cost Benchmark Data as follows: [**] Represents material which has been redacted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. 3.1 The Direct Material Costs reported in the Maintenance Cost Benchmark Data will be revised to values expressed in base year 2016 (Base Year) by multiplying such costs by the ratio of the average of the values for the Material Index published during the twelve months of the Base Year to the average of the values for the Material Index published for the months in which such Direct Material Costs were incurred. 3.2 The Direct Labor Costs reported in the Maintenance Cost Benchmark Data will be revised to values expressed in the Base Year by multiplying such costs by the ratio of the average of the values for the Labor Index published during the twelve (12) months of the Base Year to the average of the values for the Labor Index published [**]. 3.3 Furthermore, Boeing will use the operational assumptions provided by Customer to recalibrate the Maintenance Cost Benchmark Data to determine the Target Maintenance Cost. In determining the Target Maintenance Cost, Boeing may adjust the Maintenance Cost Benchmark Data for various operational assumptions reported to Boeing, including but not limited to: (i) flight time; (ii) annual utilization; (iii) labor assumptions; and (iv) aircraft age. 3.4 Boeing will then increase the Benchmark Fleet Value by the Relative Difference to determine the Equivalent Maintenance Cost for the Covered Aircraft. [**] Represents material which has been redacted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended.

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