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Old 07-14-2020, 09:15 AM
  #12  
tonsterboy5
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Joined APC: Aug 2016
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Originally Posted by BcULstDaBlodyWr View Post
Also something I noticed was AWAC bought up 9 more of their planes in March 2020 they now own that they were previously leasing, adding to expenses. This looks more like accounting wizardry than anything because it would make more sense to terminate leases in March with so many planes parked rather than outright buy them. I’m assuming they’re looking to incur greater depreciation this year to write off more taxes next. Also the leasers of the aircraft are a subsidiary of the same holding group so there’s no effective change to the bottom line.
This right here... they transfer planes from one company to another and restart the depreciation write offs. When they can’t write them off at the airline anymore they will go back to the leasing company and they will write them off all over again.
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