Contract Issues in the Sale of Commercial Aircraft.

摘要

The sale of large commercial aircraft is a highly competitive business, conducted between multibillion dollar corporations. It is a highly visible industry and because of its economic size and the nature of the business, it is linked with economic growth. Aircraft sales the highly cyclical and influenced by a wide variety of factors. The contract for the sale of aircraft and associated services is the vehicle which specifies the various elements of the agreement between buyer and seller and is used by both parties to allocate risk. This thesis identifies and examines the commerical contract process and the articles or clauses in the typical industry contract, the relationship between the functional contract organization and other functional elements of the firm, and various factors of uncertainty and risk inherent in the commercial aircraft industry. This work provides insights into the contract process as well as an appreciation of the uncertainty and the magnitude of the risk in the U.S. aerospace manufacturer's commercial business activity. (Author)