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I will say that I’ve seen plenty of “non-refundable” contracts in this industry (see Qatar’s ongoing tiff with Airbus over coating peeling issues) result in eit
by atdrummond 4y ago
I will say that I’ve seen plenty of “non-refundable” contracts in this industry (see Qatar’s ongoing tiff with Airbus over coating peeling issues) result in either side unilaterally cancelling delivery of airframes. It would really come down to what exactly went wrong whether or not AA could truly couldn’t claw that deposit back.
- hermitdev 4y agoI'm pretty sure it's nonrefundable from the stance of AA can't just change its mind and get its money back. If Overture fails to deliver on certain metrics, I'd be willing to bet AA has a refundable out.
- atdrummond 4y agoExactly - but my guess is that plenty of those metrics are assessed before delivery, such as type certification.