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Author Topic: Help please  (Read 854 times)

Alien360

  • Former member
Help please
« on: January 02, 2011, 08:36:11 PM »
Whi is it that the lease for my airplane say's it cost me 74 760 USD / month but on the income statement i am being charged -367 440 USD per week? Thanks for any help you can give me

Offline Sanabas

  • Members
  • Posts: 2161
Re: Help please
« Reply #1 on: January 02, 2011, 08:57:30 PM »
Because you paid a few months' lease upfront, so all that money is on this week's income statement. Next week's income statement you won't be paying anything in leases.
« Last Edit: January 02, 2011, 09:12:55 PM by Sanabas »

Alien360

  • Former member
Re: Help please
« Reply #2 on: January 02, 2011, 09:02:04 PM »
O.K. but why is it like this every week
Aircraft leases  -367 440 USD  -299 040 USD  0 USD  0 USD 

this is my second week

Offline Sanabas

  • Members
  • Posts: 2161
Re: Help please
« Reply #3 on: January 02, 2011, 09:05:32 PM »
Probably because you leased more planes in week 2, which meant paying a few months upfront for that, too.

Offline ACDennison

  • Members
  • Posts: 317
Re: Help please
« Reply #4 on: January 08, 2011, 01:07:09 PM »
Every time you lease a used aircraft you pay the first 4 months in a block, hence a 75k/week aircraft costs 300k that week, then nothing for about the next 17 weeks.  So your weekly aircraft leasing cost is the total of any pyaments for new leases, plus the weekly cost for any aircraft you have leased for over 4 months.

For the record, on a new lease aircraft you pay 5 months up front, one of which is a delivery fee, and the other four of which are lease payment in advance.
 

 

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