7.400 Scope of subpart.

This subpart—

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

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

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