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ARTICLE · 21 FEBRUARY 2019

Financial Leasing As A Method Of Aircraft Financing

Herdem Attorneys at Law
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An aircraft financial leasing agreement simply consists of the lessor's debt of transferring all the substantial risks and rewards of ownership concerning the aircraft to the lessee while receiving rental in exchange.

TurkeyFinance and Banking
Kaan Erdoğan
Kaan Erdoğan
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An aircraft financial leasing agreement simply consists of the lessor's (financer) debt of transferring all the substantial risks and rewards of ownership concerning the aircraft to the lessee (customer) while receiving rental in exchange1. The risks and benefits of ownership belong to the lessee even though the lessee is not the legal owner of the aircraft during the course of the leasing agreement2.

Financial leasing offers many advantages such as increased financing flexibility/ability, tax benefits, allocation of the burden of risk between lessor and lessee3. Applying financial leasing as an aircraft finance method is widely used both in Turkey and all around the world. For instance, Turkish Airlines' financial leasing agreements constitute 90% of all leasing agreements4.

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