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A Yakovlev Yak-42D, the first aircraft of Lion Air, landing in Singapore A Lion Air McDonnell Douglas MD-82 at Sultan Hasanuddin International Airport. The airline was established in October 1999 by Rusdi and Kusnan Kirana and started operations on 30 June 2000, when it began scheduled passenger services from Jakarta to Denpasar and Pontianak using a leased Boeing 737-200.
A major railroad may lease a connecting line from another company, usually the latter company's full system. A typical lease results in the former railroad (the lessee) paying the latter company (the lessor) a certain yearly rate, based on maintenance, profit, or overhead, in order to have full control of the lessor's lines, including operation.
Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term affermage), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public ...
Penn State sold its two hotels under a long-term ground lease, and the new owner — a PSU alum — has lofty plans for the inn and the Penn Stater. ‘A 5-star experience’: New owner talks big ...
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