You are an operator of a small regional airline flying 15 turboprop Dash-8 aircraft between regional hubs and looking to add three more aircraft to an already profitable system. Your long range plan includes adding longer-range routes and the intention of replacing some of the turboprops with regional jets.
Would you choose to lease or buy these aircraft? What would your strategic choice give to your company in terms of advantages? Are there any disadvantages your choice brings to the table?