A "Firm order" is a legal commitment to purchase the plane. The manufacturer could sue the company if they did not follow through with the purchase. An incremental deposit is required the closer you get to delivery.
A "option" is the opportunity for the customer to purchase additional planes at a pre-determined price, regardless of future price increases.
Of course, Eclipse had hundreds of "firm orders"....from Day Jet.
A "option" is the opportunity for the customer to purchase additional planes at a pre-determined price, regardless of future price increases.
Of course, Eclipse had hundreds of "firm orders"....from Day Jet.
