As you requested in your letter of July 14, 2003, the Congressional Budget Office (CBO) has reviewed the Air Force's report on its plan to lease 100 Boeing KC-767A aerial refueling aircraft. In that report, submitted to the Congress on July 11, 2003, the Air Force concluded that its plan to acquire the aircraft using a leasing arrangement would cost about $150 million more (expressed in net-present-value terms) than an outright purchase. According to the report, the proposed leasing arrangement meets all requirements of the Department of Defense Appropriations Act, 2002, including criteria for an operating lease specified in the Office of Management and Budget's (OMBs) Circular A-11, Preparation, Submission, and Execution of the Budget and leasing is the preferred approach because of the "advantage it affords for quickly delivering needed tankers to our warfighters without requiring significant up-front funding."


    Access

    Access via TIB

    Check availability in my library


    Export, share and cite



    Title :

    Assessment of the Air Forces Plan to Acquire 100 Boeing Tanker Aircraft


    Contributors:

    Publication date :

    2003


    Size :

    25 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English