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A Yakovlev Yak-42D, the first aircraft of Lion Air, landing in Singapore A Lion Air McDonnell Douglas MD-82 at Sultan Hasanuddin International Airport. The airline was established in October 1999 by Rusdi and Kusnan Kirana and started operations on 30 June 2000, when it began scheduled passenger services from Jakarta to Denpasar and Pontianak using a leased Boeing 737-200.
An operating agreement is a key document used by limited liability companies (LLCs) to outline the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners, called "members".
A dry lease is a leasing arrangement whereby an aircraft financing entity (lessor), such as AerCap or Air Lease Corporation, provides an aircraft without crew, ground staff, etc. Dry lease is typically used by leasing companies and banks, requiring the lessee to put the aircraft on its own air operator's certificate (AOC) and provide aircraft ...
Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term affermage), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public ...
An owner-operator is free to either haul free-lance (non-committal to any one firm or product) or enter into a lease agreement to dedicate their equipment to one customer or product; The owner-operator typically has to pay higher rates on insurance due to smaller size than most larger companies, meaning they have to charge more to balance the cost
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The Lion Air Group are based in three different countries in Southeast Asia and have several operations, most of which are airlines. A Lion Air Boeing 737-900ER at Ngurah Rai International Airport in Bali, Indonesia A Wings Air ATR 72–500 A Batik Air Airbus A320 at Juanda International Airport in Surabaya, Indonesia Super Air Jet Airbus A320-200 at Soekarno–Hatta International Airport ...
Owners “never lost hope” of finding their missing dog — and their faith was rewarded with an emotional reunion 10 years later. Photos show Cleo getting showered with love as she finally ...