| Aircraft, the most important asset, is the source to generate operation profit for the airline. The way to introduce aircraft and manage the fleet is the key issue for the success of the airline. Through the introduction of the concept, analysis the characteristics, advantages, disadvantages, the development of aircraft leasing in and outside of China, the impact to the finance from aircraft introduction and the risk of choosing one way of obtain the aircraft, this thesis intends to rationalize that A Airways should convert the current operating lease signed with international lessor to domestic lease, either finance lease or operating lease, depending on various factors that count for the decision. And in the last chapter, the5-year plan for the aircraft introduction for A Airways was laid out. Through concrete calculation, the conversion could save the company over10million RMB cash flow per aircraft, the calculation result that domestic operating lease is the best choice for the airline shall be persuasive because the policies in Dongjiang Free Tax Zone and aircraft maintenance cost, customs tax cost and other potential cost during the lease term were under careful evaluations and as much quantized as possible. The conclusion provides powerful evidence to improve the fleet management and financial condition by converting the structure of aircraft leasing. All the research were based on the up to date national policies and aircraft leasing market situation, I, therefore, believe that the thesis is meaningful for improving the aircraft introduction management of small sized airlines that are similar to A Airways with variety of aircraft types... |
