An Official Website Of The United States Government

7.400 Scope of subpart.

My Favorites

Definitions Tool

7.400 Scope of subpart.

7.400 Scope of subpart.

This subpart—

      (a)Implements section 555 of the FAA (Federal Aviation Administration) Reauthorization Act of 2018 (Pub. L. 115-254);

      (b)Provides guidance when acquiring equipment and more than one method of acquisition is available for use; and

      (c)Applies to both the initial acquisition of equipment and the renewal or extension of existing equipment leases or rental agreements.