Gloopy,

It is a long term commitment to pay a fee for use. We would pay a users fee. As I have researched it, it is in how it is written. It does not change a P/L statement it just changes the amount of asset debt DAL has, not commitments. (We pay landing fees for the use of an airport, but do not asses it as debt) As one of my fund buddies explained it to me it becomes a user fee and not a debt so it will change slightly on how it hits. (Granted we will not get to take the depreciation of said asset either)

On a side note DAL has stated it is done with financing jets. I sure hope our balance sheet is good enough to do that with hundreds of jets going forward.

I have been toying with idea for awhile. I have talked to some of the financial weenies that I know and they see the thought process and the balance sheet maneuvering it does.

Error check the heck out of it. It is just one of many ideas floating around in my gray matter. It does not mean it is fool proof, it just means it is a concept to thwart an argument.