leasing payments

[pyair]

Hello everybody,

If when you lease a new aircraft you are required to pay 4 months of leases in advance, you pay the "costs upon order", why do I get weekly leasing costs already in the those first 4 months? I see "aircraft leases" in the operating expenses in the Income Statement and "weekly leasing costs" in the AC financial estimate. Can somebody explain this better to me?

Thank you very much

[hmellouli]

Check the cash flows statement, you will see that the lease during the 4 months being credited back.