My holding owns and leases and aircraft to a subsidiary.
Is there a security deposit between the two? I can't remember what happened when the lease was enacted.
If I lease to a different player, do I owe them a security deposit upon cancellation or are the deposits held in an AS bank?
In both cases there is security deposit and it is held by AS. You as the lessor do not receive such deposit in either of the two mentioned cases, so there is no credit or debit line of such security deposit for your company as a lessor. All such transaction is strictly between the lessee and the AS bank.
Thanks. I couldn't remember what had happened, and as I cancelled the lease I had a brief moment of panic that I was about to bankrupt my shell holding company and subsequently kill my airline.