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Old 17th Mar 2001, 18:33
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BIK_116.80
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There are a great many reasons why airlines choose to lease aircraft. Aircraft leasing is a growing industry.

To put it in perspective, near enough 50% of British Airways fleet is leased. So why would a self-proclaimed world-class former flag carrier choose to do this?

The reasons are many and complex but include : tax law, greater ability to fix costs, lower cost financing, lower gearing ratios, ability to show a greater return on capital invested, very favourable purchasing terms able to be achieved by the leasing companies etc etc.

It works, and it works very well.