Under an operating lease, you pay a smaller down payment (deposit) and monthly lease and maintenance reserve payments over the desired lease term to the lessor. Once the term expires, you return the aircraft and retain no ownership rights. This type of lease offers the operator the flexibility to grow and shrink their fleet size as required by the markets they serve, however the operator has no aircraft asset ownership.
Viking provides finance lease options on new aircraft through its sister company Longview Aviation Asset Management. Longview provides operating leases on used aircraft only.