When ordering an aircraft, I have to pay 50% of the cost of the airplane when placing the order, and the other 50% when I get the aircraft. what happens if I lack the funds to pay the 50% at delivery? Does the delivery simply get deferred or do I get the plane & a negative bank balance?
Posted 10 February 2021 - 08:30 PM
Posted 10 February 2021 - 09:06 PM
Posted 11 February 2021 - 07:30 PM
It will keep getting delayed on a loop until you can make a payment. If you're not going to be able to afford it, you can cancel the order and you'll forfeit the 50% initial downpayment as compensation to the aircraft manufacturer
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