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Another 4 Dash 8-400 were leased!
Budget airline Jambojet will be leasing four more aircraft this year as it seeks to boost its fleet in readiness for launch of new routes in at least four destinations.
The carrier’s chief executive officer, Allan Kilavuka, says they will be leasing Bombardier Dash 8 Q400 to add to its existing fleet, the youngest in the region.
The airline is building on its success in Uganda, where it launched a daily flight last year, to expand to other regional countries.
Jambojet will be leasing four more aircraft this year as it seeks to boost its fleet.
www.businessdailyafrica.com
lease
Written or
implied contract by which an
owner (the lessor) of a specific
asset (such as a parcel of
land,
building,
equipment, or machinery) grants a second
party (the lessee) the
right to its exclusive
possessionand use for a specific
period and under specified conditions, in
return for specified periodic rental or lease payments.
A long-term written lease (also called a deed) creates a
leasehold interest which in itself can be traded or mortgaged, and is shown as a
capital asset in a firm's
books.
Advantages of
leasing include (1) lack of restrictive covenants (common in
bank loans and bond indentures), (2)
conservation of
capital (because the
lessor provides 100
percent financing), (3) tax
savings (in most cases), (4)
avoidance of the
risk of
obsolescence, and (5) relative ease of obtaining a lease as opposed to a comparable bank
loan.
Definition of lease: Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its ...
www.businessdictionary.com