BNET Business Dictionary
Business Definition for: Operating Lease
- a lease that is regarded by accountants as rental rather than as a capital lease. The monthly lease payments are simply treated as rental expenses and recognized on the income statement as they are incurred. There is no recognition of a leased asset or liability.
Additional Resources
- Macquarie Electronics and Qimonda Complete US$289 Million Operating Lease Transaction in Richmond, Virginia
- Landmark semiconductor equipment operating lease completed in Virginia SAN DIEGO -- Macquarie Electronics today announced the completion of a US$289 million operating lease transaction with Qimonda AG, headquartered in Munich, Germany. The transaction involves a sale and leaseback agreement of leading-edge 200 millimeter mm semiconductor manufacturing equipment located in...
- Research articles 2007-12-05
- Sports & Recreation Inc. announces $70 million Senior Operating Lease Facility to fund future store locations
- TAMPA, Fla.--BUSINESS WIRE--May 10, 1995--Sports & Recreation Inc. (NYSE:WON) entered into a $70 million three year Senior Operating Lease Facility with a group of banks to finance future retail stores.The company has the option to increase the facility to $100 million within the next six months, subject to syndication.Commenting on...
- Research articles 1995-05-10
- Fitch Takes Rating Actions on 13 Aviation Operating Lease ABS Transactions
- NEW YORK -- Following a portfolio review of 13 transactions in its aviation operating lease portfolio, Fitch has taken various rating actions on the following transactions: --AerCo Limited; --Lease Investment Flight Trust More detailed information on these specific actions is available in separate press releases issued earlier,...
- Research articles 2007-07-02
- PanAmSat Reports Revenues of $170.3 Million for Third Quarter 1997; Operating Lease Revenues Increase by 23%, EBITDA Margin Was 71%
- GREENWICH, Conn.--BUSINESS WIRE--Oct. 13, 1997--PanAmSat Corporation (NASDAQ:SPOT) today announced that the company had revenues of $170.3 million for the quarter ended September 30, 1997, a decrease of $13.5 million, or 7 percent, as compared to pro formaa combined revenues of $183.8 million for the same period in 1996. Operating lease...
- Research articles 1997-10-13
- Port Authority of New York & New Jersey authorises purchase of operating lease at Stewart International Airport.
- M2 PRESSWIRE-29 January 2007-PORT AUTHORITY OF NEW YORK & NEW JERSEY: Port Authority of New York & New Jersey authorises purchase of operating lease at Stewart International AirportC1994-2007 M2 COMMUNICATIONS LTD RDATE:29012007 Agency Acts to Relieve Air Traffic Congestion at JFK,...
- Research articles 2007-01-29
- Identifying Capital and Operating Leases
- Payments for leased corporate assets must be accounted for in financial statements, to accurately reflectthe company's financial obligations. There are two accounting methods, one for each type of lease: "operating" or "capital."The FASB Financial Accounting Standards Board has developed objective criteria to help managers identify the type of lease based...
- Articles 2007-08-13
- Lease Financing: An Alternative to External Financing
- This presentation talks about the magnitude of lease financing. It provides the information on different types of leases such as operating lease and capital lease. Accounting treatments for the different leases process is briefly presented in the presentation. Discusses the difference between lease and buy, lease and bank financing etc....
- Presentations 2003-01-01
- Port Authority of N.Y./N.J. To Purchase Stewart Airport Lease.
- Staff The Port Authority of New York and New Jersey announced January 25 it intends to purchase the operating lease at Stewart International Airport in Newburgh, N.Y. from National Express Corporation for a total price of $78.5 million. The operating lease for...
- Research articles 2007-04-02
- Engine Lease Finance and Sumitomo Corporation co-invest in Engine portfolio.
- M2 PRESSWIRE-29 October 2004-Engine Lease Finance Corporation: Engine Lease Finance and Sumitomo Corporation co-invest in Engine portfolioC1994-2004 M2 COMMUNICATIONS LTD RDATE:10282004 Engine Lease Finance Corporation ELF has joined with Sumitomo Corporation of Japan to co-invest, on a 50-50 basis, in a...
- Research articles 2004-10-29
- Fitch: Aircraft Lease Rates To Fall Additional 15%-20%
- Business Editors NEW YORK--BUSINESS WIRE--April 4, 2003 Aircraft lease rates are already down between 10%-50% from pre-Sept. 11 levels, and Fitch Ratings anticipates that lease rates will fall an additional 15%-20% or more in 2003, according to a new report on aircraft operating lease asset-backed securitizations ABS published...
- Research articles 2003-04-04
- Burlington Coat Factory Announces Restatement of Financial Statements for Lease Accounting and Related Depreciation/Amortization
- BURLINGTON, N.J. -- Burlington Coat Factory Warehouse Corporation (NYSE:BCF) announced today that it has reviewed its lease accounting practices as a result of a letter issued by the Chief Accountant of the Securities and Exchange Commission SEC to the American Institute of Certified Public Accountants on February 7, 2005 regarding...
- Research articles 2005-04-05
- First Union Rail Corp - to acquire Northbrook Rail Corp. and increase size of lease fleet - Brief Article
- FIRST UNION RAIL CORP. will add 3,100 freight cars to its lease fleet with the planned acquisition of Northbrook Rail Corp. This will bring First Union Rail's operating lease fleet to more than 13,000 cars.
- Research articles 1996-03-01
- Gulfstream GATX Leasing Company Prepares to Accept First Gulfstream GIV-SP for New Gulfstream Lease Program
- ATLANTA--BUSINESS WIRE--Oct. 11, 1999-- Gulfstream V Green Delivery Into Program Scheduled for November Gulfstream GATX Leasing Corporation GGLC announces it will receive its first Gulfstream IV-SP from Gulfstream Aerospace Corporation in December of this year. The Gulfstream Lease program, a joint venture between GATX Capital and Gulfstream...
- Research articles 1999-10-11
- Pegasus Aviation Announces Lease of New Boeing 737-800 to WestJet; Delivery of Aircraft Marks First B737-800 in WestJet's Fleet
- SAN FRANCISCO -- Pegasus Aviation Finance Company and WestJet (TSX:WJA) announced the delivery and operating lease of WestJet's first Boeing Next-Generation 737-800 aircraft on April 8, 2005. This delivery marks the first of five 737-800 deliveries which Pegasus will finance for WestJet through June 2005. The 166-seat 737-800 complements WestJet's...
- Research articles 2005-04-18
- BCI Aircraft Leasing, Inc. Purchases Three Boeing 737-300QC Aircraft on Lease to Europe Airpost
- CHICAGO -- Chicago-based BCI Aircraft Leasing, Inc. ("BCI") today announced it has acquired the first of three Boeing 737-300QC aircraft that it had previously been leasing from a US lessor. The aircraft are on long term operating lease to Europe Airpost. The other two will be purchased in the coming...
- Research articles 2007-05-29
- Why Cit Is Buying 90 New Locomotives For Operating Lease - Brief Article
- Have you ever wondered why operating lessors have been able to justify investment in new railcars but not in new locomotives? Think about the similarities for a minute. Both equipment types are ruggedly designed and constructed for a service life as long as 50 years. Both types are regularly rented...
- Research articles 1999-10-01
- XIAMEN AIRLINES TO INTRODUCE 4 AIRCRAFTS
- AsiaInfo Services 01-18-2007 Xiamen Airlines to Introduce 4 Aircrafts XIAMEN, Jan 18, 2007 SinoCast via COMTEX -- Xiamen Airlines, founded on July 25, 1984, will introduce four Boeing 737-800 aircrafts by financing lease in 2007. The Boeing 737-800...
- Research articles 2007-01-18
- FedEx Express. (Regional Report: Triad).(Piedmont Triad International Airport enters into a lease)(Brief Article)
- FedEx Express has finally signed a 25-year lease with Piedmont Triad International Airport that commits it to building and operating its $300 million, 1,600-employee Mid-Atlantic Hub. The hub is ... FedEx Express has finally signed a 25-year lease with Piedmont Triad International Airport that commits it...
- Research articles 2003-01-01
- New Game in Electronic Arts' Lineup: "Financial Crisis?"
- Electronic Arts, home to some of the most popular PC games of all time, including the blockbuster Sims, Madden football, and Rock Band franchises, reported a loss of $1.08 billion for fiscal 2009 ended March, hurt by weaker-than-expected holiday sales and an admitted failure to score enough big sellers on...
- Blog posts 2009-06-08
- Lease Financing
- The slide show defines a lease as a tool that allows an individual or a firm to make economic use of an asset for a stated period of time without obtaining ownership interest in it. While talking of lease contract it defines Lessee who obtains use of an asset for...
- Presentations 2003-01-01
