Airis has developed an Acquisition/Leaseback (“ALP”) program that the aviation community has found very attractive. The Program converts capital tied up in fixed assets into substantial investment capital to be utilized for core business elements where higher returns can be achieved. Most of the financial structures that relate to new facility development also apply to the Airis ALP.

ABILITY TO RECAPTURE CAPITAL

With the Airis ALP, properties as well as capital-intensive equipment contained within the properties (e.g. flight simulators, cargo handling systems, and IT/IS platforms) are purchased by Airis and leased back to the airline under operating leases.

FLEXIBLE LEASE TERMS AND OFF-BALANCE SHEET

These leases can be structured over shorter-than-traditional terms in order to give the carrier additional flexibility in meeting changing demands over time. In this way, and depending on the accounting standard employed by the airline, obligations relating to these properties are removed from the company’s balance sheet and, in turn, receive favorable, "off-balance sheet" accounting treatment.

ACQUIRE AND RE-LEASE FACILITIES WITH AIRPORT APPROVAL

Through carefully drafted ground leases (with Airport Authorities in the case of on-airport properties) or purchase agreements, a special purpose Airis entity(s) would be formed to subsequently sublease existing facility(s) back to the carrier. This method could be successfully employed for facilities that are now owned by the airline and presently burden its balance sheet.