What does the term 'direct purchase' refer to in aviation?

The term 'direct purchase' in aviation specifically refers to an airline acquiring an aircraft directly from the manufacturer. This process involves the airline negotiating the purchase price, terms, and conditions with the manufacturer, leading to the ownership of the aircraft being transferred to the airline upon completion of the transaction.

This approach allows airlines to have more control over specifications and customization of the aircraft, ensuring that it meets their operational needs. Additionally, acquiring aircraft directly from manufacturers often includes considerations for warranty, maintenance services, and support, which can be advantageous for the airline's long-term operational efficiency.

In contrast, leasing arrangements or financial leases involve ongoing payments without transferring ownership, while resale pertains to transferring ownership from one airline to another, thus deviating from the concept of a direct purchase from the manufacturer.