lease out a plane to a subsidiary

English Boards Community Support
1

Hi guys,

I'm trying to lease out a plane from my holding to my subsidiary using the asset management tool.

I chose the receving company and the leasing method but in the box on the right I have no available plane to choose.

My holding bought debt this plane and is still repaying the loan. Is this the problem?

2

In order to transfer planes (assets) betwen you companies it's necessary that you fully own the aircraft (i.e. you have repaid the full loan or you bought the aircraft with the full cash amount). also remember that you can't transfer airplanes if the company has gone IPO.

TobsW