Business | Aircraft leasing
Buy or rent?
The steady rise of airlines with no passengers
THERE is a saying in the transport business that if it flies or floats, you should rent it (there are also much ruder versions of this epigram). Nevertheless, airlines have traditionally bought their planes, even if many purchases were arranged as “finance leases”, with the instalments dressed up as rent payments so as to make them tax-deductible.
This article appeared in the Business section of the print edition under the headline "Buy or rent?"
From the January 21st 2012 edition
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