Credit and leasing integration for equipment renewal in air industries
Economics and management
Moscow Aviation Institute (National Research University), 4, Volokolamskoe shosse, Moscow, А-80, GSP-3, 125993, Russia
AbstractThis arcticle dicribes the problem of high level of equipment depreciation in Russian air industry. Renovation of funds could be promoted using leasing and credit instruments. The article offers an estimation method that was developed to compare both ways and to make a decision which of them should be used. It takes into account cost factors and non-cost factors and provides combined application of leasing and credit instruments.
Keywords:obsolescence, renewal of equipment, credit, leasing, integration.