JUL
21

Where Old Planes Go to Die, Or Just Rest

"If you are an accountant, you say, 'OK, on my books it says this plane is worth $10 million, but if I sell it for scrap for half a million, then I have a $9.5 million loss,' " said Adam Pilarski, an airline expert at Avitas Inc., an aviation consulting firm in Virginia. "But if I keep it in the desert for $20,000 per year or something, I may have an expense, but I get to keep the asset on my books and I get to keep my job."

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