"Airlines may decide they are good at operating aircraft, but less good than financial institutions at managing aircraft as assets,' said the president of Citicorp Industrial Credit, John Dewey. Not only Latin American airlines, but domestic US supplemental carriers have a history of taking old equipment on short-term leases, from, for example, International Air Leases of Miami, which is only now making the transition from four-engined 707s to Boeing 727s.
January 01, 1986
