Originally Posted by
RangerNS
I can't imagine anyone selling an option which is refundable (that would be a deposit). But also there is no reason to cancel a benefit it isn't a future cost, so I further assume these options were time limited, or had an annual renewal fee or something.
Just a guess but I feel like Boeing had given AC such bare bottom pricing to lure them over in 2013-14, prices that even in Covid era are low. So I'd assume as part of negotiating and allowing 10 more firm orders to be cancelled, that they said that AC loses the low priced options and rights.