Article 30 a lessor and a lessee shall recognize a sale and leaseback transaction as a financing lease or an operating lease according to Chapter II of the present Standard.
Put forward to expand the national plane lease operation with the sale and leaseback as breakthrough.
In a sale and leaseback, the government would sell public buildings to an investor and enter into a long-term agreement to rent the space in the building.
Article 39 a lessee and a lessor shall disclose each sale and leaseback transaction as well as the significant items in the contract on the sale and leaseback transaction.
