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What is meant by &Exchange& price?

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What is meant by &Exchange& price?

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&Exchange& is a term used in the aviation and most other parts industries to indicate the exchange of a known defective or unserviceable unit for a known good, serviceable unit. In most cases, in simple terms, exchanges are sought after when quick replacement of a defective unit is needed. Southeast Aerospace exchange rates are based on a flat rate with no additional billing. This policy is based on the return of a repairable core of the same model and same part number. A definition of a repairable core is a unit that has experienced a normal equipment failure not related to an incident (i.e. fire or water damage) or improper and poor installation. Furthermore, units that have been heaviliy modified or extensively and unproductively worked on are not accepted as exchange cores. Please note that exchanges may also be conditional based on serial number of the exchange core since some older units may be no longer be supported by the manufacturer. In conclusion, most shops want to receive

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