G-SPOT,
I agree that a position is itself an asset, but stops being an asset upon delivery, at that point it becomes an encumbered loss to the balance sheet, as do all aircraft, but more so new aircraft.
I don't get the way the model works, but will happilly copy it if it does, and with the experience I have in my boardroom I think we'd do a pretty good job of playing with other peoples money.
Phil