Rotable Spare Parts definition

Rotable Spare Parts means a Spare Part that wears over time and can be repeatedly restored to a serviceable condition over a period approximating the life of the flight equipment to which it relates.
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Rotable Spare Parts means parts that wear over time and can be economically restored to a serviceable condition and, in the normal course of operations, can be repeatedly reconditioned to a fully serviceable condition over a period approximating the life of the flight equipment to which they are related. Examples include avionics units, landing gears, auxiliary power units and major engine accessories.
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Rotable Spare Parts means those Spare Parts which can be (i) economically restored to a serviceable condition, (ii) in the normal course of operations, can be repeatedly rehabilitated to a fully serviceable condition, and (iii) are either serialized or have the capability to be serialized.
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Examples of Rotable Spare Parts in a sentence

  • The report indicates the investment recommendation made to the Customer and its correspondence to the Customers knowledge, experience, financial capacity and investment objectives.

  • Current and Quotable: Requiring Inventory Accounting for Rotable Spare Parts, Letters to IRS Office of Associate Chief Counsel, June 13, 2003, 99 TAX NOTES1711 (2003) http://www.utexas.edu/law/faculty/calvinjohnson/current.pdf .

Related to Rotable Spare Parts

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