CRJ Fleet Expansion Sample Clauses
The CRJ Fleet Expansion clause outlines the terms and conditions under which additional CRJ aircraft may be added to an existing fleet. Typically, this clause specifies the process for acquiring new aircraft, including timelines, approval requirements, and any financial or operational obligations of the parties involved. For example, it may detail how many aircraft can be added, the schedule for their delivery, and the responsibilities for maintenance or crew training. The core function of this clause is to provide a clear framework for expanding the fleet in an organized manner, thereby reducing uncertainty and ensuring both parties understand their roles and commitments during the expansion process.
CRJ Fleet Expansion. Pursuant to the Aircraft Contract, Mesa shall have the right to acquire an additional 83 CRJ Aircraft, 43 by virtue of firm orders (the “Firm Aircraft”) and 40 by virtue of options (the “Option Aircraft”), in the configuration, with the seating capacity and at the times set forth on Exhibit A, attached hereto. The Firm Aircraft and Option Aircraft will consist of CRJ Models 200s, 700s and 900s as set forth in Exhibit A. For purposes of this Agreement, the CRJ Model 200s shall be a “CRJ Subfleet” and the CRJ Model 700s and 900s shall be a “CRJ Subfleet”.
(a) Each of the Firm Aircraft shall be placed into Flight Services by Mesa in the calendar months set forth on Exhibit A (the “Delivery Schedule”). The Firm Aircraft to be delivered in each of the calendar months from and including October, 2003 to and including June, 2004 may be either CRJ Model 700s or 900s (the “Convertible Firm Aircraft”). AWA, by written notice to Mesa, given on or before the last day of the 18th calendar month prior to the delivery of each Convertible Firm Aircraft, shall advise Mesa as to which model is to be added to the Fleet (the “Firm Selection Notice”). For example, for the CRJ to be delivered in October, 2003, AWA must provide the Firm Selection Notice by April 31, 2002. If AWA does not provide the Firm Selection Notice timely, then AWA shall be deemed to have elected to have a CRJ Model 700 added to the Fleet. Mesa shall provide AWA with at least 90 days‘ prior written notice of the week each of the Firm Aircraft will be placed into Flight Service under this Agreement and at least 60 days’ prior written notice of the date on which each of the Firm Aircraft will be placed into Flight Service under this Agreement (each, a “Scheduled Delivery Date”).
(b) AWA shall have the options to expand the CRJ Fleet by up to 40 additional CRJs from the Option Aircraft. On or before each option “Exercise Date” (as set forth on Exhibit A), AWA, by written notice to Mesa (the “Option Notice”), shall have the option to require Mesa to increase the CRJ Subfleet by the addition of the applicable CRJ Aircraft in the applicable “In Service Months” (as set for on Exhibit A)(each, a “Fleet Expansion Option”). Each Option Notice shall specify whether AWA is selecting either a CRJ Model 700 or 900. If the Option Notice does not specify the CRJ Model, then AWA shall be deemed to have selected a CRJ Model 700. The Fleet Expansion. Options are separate and individual options and may be exercised or not exe...
CRJ Fleet Expansion. Pursuant to the Aircraft Contract, Mesa (or its Affiliated Service Providers) has the right to acquire additional CRJ Model 900 Aircraft, by virtue of firm orders (the “Firm Aircraft”), and additional CRJ Models 700 and 900 Aircraft, by virtue of options (the “Option Aircraft”), in the number and in the months set forth on Exhibit A, attached hereto. The Firm Aircraft consist of CRJ Model 900 Aircraft and the Option Aircraft consist of CRJ Models 700 and 900 Aircraft as set forth in Exhibit A. For purposes of this Agreement, the CRJ Model 200s shall be a “CRJ Subfleet” and the CRJ Model 700s and 900s shall be a “CRJ Subfleet”. The term “CRJ” is intended to refer to CRJ Models 200s, 700s or 900s, as applicable.