The lease agreement for a commercial aircraft is a complex document that is usually drafted to balance the often conflicting requirements of the airline for operational flexibility with the lessor's need to protect its investment in the aircraft. Although the typical aircraft operating lease resolves many issues beyond just the rent and term, this article will briefly examine four such issues that recently have increased in significance.

To read the article, "Strategic Issues in Operating Leases," originally published by Euromoney Institutional Investor PLC, please click the link below.