At a congressional hearing in Washington last year, Sir David Tweedie, chairman of the International Accounting Standards Board, drew laughter when he said one of his ambitions was "actually flying in an aircraft that's on an airline's balance sheet before I die".
He has long been frustrated by the ability of airlines to run their fleets using certain types of leases whose costs do not have to be fully reflected in their financial statements - preventing investors from seeing the full extent of an airline's debt profile.
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