7.400 Scope of 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.