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You Want the Truth? FAA seeks more honest behavior, less leasing

The FAA is revising advisory circular AC 91-37A, Truth in Leasing, dated Jan. 16, 1978. Why? The regulation that the AC explains, FAR Part 91.23 has not changed.  Moreover, the FAA isn’t revising the basic premise behind the FAR and the AC. They simply want truth in aircraft leasing: “There

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