ABSTRACT
Leasing is clearly advantageous to manufacturers and lessors, since it increases opportunities for business. The documentation for leasing is usually simpler than debt or equity financing. The greatest disadvantage is the risk that insufficient care will be taken of the equipment. The number of airlines either leasing all or some of their fleet has risen
from 59% in 1986 to 85% in 1999, and those with an all leased fleet from 46 airlines (15%) in 1986 to 278 airlines (40%) in 1999 (Figure 9.1).
