Exchange
This is an option wherein the operator purchases an aircraft component in exchange to an unserviceable part that has been removed from their aircraft.
There are three types of exchanges, namely:
Flat Rate Exchange
For Flat Rate Exchange, the customer pays a single fixed fee upfront for the replacement of the component. The repair or overhaul cost in included in the quoted flat exchange price, whereby the buyer will pay a single inclusive price upfront with no additional bills later.
Standard Exchange
With a Standard Exchange, the customer ships the unserviceable core unit to the vendor first. Once the vendor completes the inspection of the unit, they ship the replacement of working part to the customer. This is one of the best exchange programs, wherein time and cost will be under control.
Exchange Plus Cost
In an exchange plus cost program, the customer pays an initial exchange fee to acquire the serviceable component. After the inspection and repair or overhaul of the core unit, the customer will be billed with the actual cost of material and labour to complete the work on that specific core unit.
