The commercial air transportation is a big industry that
continues to grow rapidly. This growth can be explained by various
reasons such as globalization, population increase and booming in
tourism. However, the biggest handicap remains to be the financing
of aircraft due to high expenses. This problem is widely dealt with
leasing currently and this solution seems to be even more common in
the future.
Aircraft leases maximize efficiency and practicality which
provide an ability to reach even more destinations. An aircraft
leasing may take place as an operating lease or finance (capital)
lease. This article will focus on operating lease.
An operating lease may briefly be defined as any lease which is
not a financial lease1. The lessor's expectation to
receive the aircraft back while it still has a useful economic
life, remain of the aircraft as an asset for the lessor and not
appearing on lessee's book as a liability are main factors
regarding an operating lease2.
