Sir David Tweedie could yet realise one of his great ambitions: to fly in an aircraft that is actually on an airline’s balance sheet. This would follow proposed changes to lease accounting rules.
The head of the International Accounting Standards Board has long waged war on what he considers a false divide between operating and capital leases. Soon, the IASB will publish a keenly awaited discussion paper on the topic as it moves towards a radical shift in the rules.
