Airfinance Annual 2018/2019
Caroline Devlin, Partner and Co-head of our Tax Group, and Laura Cawley, Associate have contributed an article to the Airfinance Annual 2018/2019 titled: “Jolco rides the wave”.
After a dip in popularity during the economic downturn, the Japanese operating lease (Jol) and Japanese operating lease with call option (Jolco) structures continue their rise. It is perhaps obvious because they oer up to 100% financing to airlines, and produce an attractive internal rate of return to investors with interesting tax allowances, a level of finance which is beyond the appetite of banks.
Reproduced here with permission from the publisher, Euromoney plc.Download PDF