Operational Lease

[erj145aviator]

If you take out an operational lease to buy new aircraft, do you own the aircraft at the end of the operational lease?

[d2031k]

The lease only covers the length of time you lease the aircraft for from the broker (or manufacturer if it's a new aircraft in your case).

Once the lease is up, then the lease is either extended for another year (auto setting) or it is returned to the leasing company/used market.  You can also buy out the lease if you wish as well.