Analysis Of The New Leasing Criterion On The Financial Performance Of Airline G

With the development of economy,the scale of China’s leasing market is expanding,and the proportion and amount of internal leasing business of enterprises are increasing.The relevant investors and decision makers pay more and more attention to the disclosure of relevant financial information.China’s Ministry of Finance officially promulgated the new leasing standards(CAS 21)at the end of 2018,which has made significant changes to the leasing business of lessees,improving the shortage of "off balance sheet financing" and enhancing the accuracy of financial information.The revision and implementation of the new leasing standards is particularly important for the air transport industry,because most of its assets,especially aircraft and core engine parts,are acquired through leasing.In recent years,with the rapid development of China’s civil aviation industry,the market scale is expanding day by day.Airlines also need to expand their fleet size to obtain more market share.However,the aircraft and its core engine parts are high-value assets.If the self purchase method is adopted,there will be a very insurmountable funding gap.Airlines generally choose leasing to expand the size of aircraft.There are a large number of business leasing business in China’s large civil aviation enterprises,and the proportion of operating leasing is about 30%-60%.Aircraft leasing business is also one of the focuses of the development of China’s leasing industry.The new standard will be formally implemented in 2021.The analysis of its impact on the expected financial performance of air transport enterprises can reflect the relevant problems more objectively and explore solutions.This paper selects G airlines as a case to study the impact of the implementation of the new leasing standards on the financial performance of airlines.The main analysis process of this paper is as follows: the introduction part introduces the research significance,status quo,ideas and methods.The second chapter summarizes the relevant theoretical basis,focusing on the differences between the old and the new leasing standards in China.The third chapter explores the general impact of the implementation of the new leasing standards on the industry,which is mainly divided into core competitiveness,financing channel selection,enterprise’s own business strategy and current situation and expectation of air transport industry.The fourth chapter analyzes the operation and financial status of G airline,which accounts for a high proportion of operating leases.The fifth chapter analyzes the changes of financial performance from three aspects of debt repayment,profit and operation through restatement of financial statements and calculation of financial indicators.The sixth chapter puts forward the corresponding countermeasures and suggestions to improve the financial performance of G airlines.The seventh chapter draws the conclusion and prospects.