In early 2006, a working group of Hong Kong Dragon Airlines ("Dragonair") was formed to evaluate alternative ways to replace the spare engine. Possible options were either to buy the engine directly or lease the engine through direct lease or sale and leaseback arrangement. However, to evaluate and compare the attractiveness of each option, the team must first determine the appropriate discount rate to use. "Hide
Su Han Chan, Ko Wang, Andrew Lee Source: University of Hong Kong, 10 pages. Publication Date: January 15, 2010. Prod. #: HKU884-PDF-ENG
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