OPERATING LEASE OF AIRCRAFT: A DECISION MODEL FOR THE AIRLINES
This paper examines the lease/own decision from an airlines standpoint, recognizing explicitly the uncertain and pro-cyclical nature of air transport demand. Both the financial and operational aspects of the aircraft lease are considered to derive optimality conditions which related owned capacity, leased capacity, and expected traffic demand to operating lease premiums. The results obtained by applying the model to the worlds major airlines would range between 40 and 60 percent for their total fleet, for the reasonable range of operating lease premiums. For leasing companies, this indicates that there is still a large potential for growth of the demand for operating lease.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/0080435904
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Corporate Authors:
The Boulevard, Langford Lane
Kidlington, Oxford United Kingdom OX5 1GB -
Authors:
- Oum, T H
- Zhang, A
- Zhang, Y
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Conference:
- World Transport Research: Selected Proceedings of the 8th World Conference on Transport Research
- Location: Antwerp, Belgium
- Date: 1998-7-12 to 1998-7-17
- Publication Date: 1999
Language
- English
Media Info
- Features: References; Tables;
- Pagination: p. 293-305
Subject/Index Terms
- TRT Terms: Aircraft; Aircraft by ownership; Airlines; Demand; Financial analysis; Ownership, leasing and rental; Traffic volume
- Subject Areas: Aviation; Finance; Vehicles and Equipment;
Filing Info
- Accession Number: 00783940
- Record Type: Publication
- ISBN: 0080435904
- Report/Paper Numbers: Volume 1
- Files: TRIS
- Created Date: Feb 7 2000 12:00AM