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ARTICLE · 08 APRIL 2015

Finance Leasing Rules Relating To Aircrafts

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Within the finance lease, the lessee shall assume substantially all the risks and rewards normally associated with the ownership of the asset, other than the legal title which remain vested with the lessor.

MaltaFinance and Banking
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A finance lease is one which is constituted by the lease of an asset on or after 1st January 2005 which lease involves the payment by the lessee to the lessor over a number of years of the full, or nearly the full cost of the asset, together with a return on the finance provided by the lessor and such other remuneration as may be reasonable in the circumstances of the case. 

Within the finance lease, the lessee shall assume substantially all the risks and rewards normally associated with the ownership of the asset, other than the legal title which remain vested with the lessor. 

A contract of lease shall qualify as a finance lease where: 

(i)The lessor is a finance leasing company; and 

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