FlyerTalk Forums - View Single Post - How do "options" to purchase aircraft work?
Old May 13, 2003 | 11:08 pm
  #10  
parnel
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Join Date: Jan 2002
Location: oakville Ontario canada;AC*SE
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Lee A Carney:
Anybody know approximately how long before actual production begins that an option must be exercised? I'd imagine it's a long time, as the manufacturer would need time to re-sell that airplane to another buyer is the owner of the option does not exercise it...</font>
The buyer actually picks a production opening and has to stick to that schedule with a certain time picked for him to cancel if necessary.
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