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In 1980s and 1990s, Airlines welcomed the idea of leasing aircrafts instead of owning them...

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Accounting

In 1980s and 1990s, Airlines welcomed the idea of leasing aircrafts instead of owning them by incurring debt. Consider air carriers' cash flow streams. Can you think of any reasons why a leasing company might make better use of tax shields (depreciation and interest expense, for example) from owning jetliners than the airlines themselves?

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