E2. Look at AFs Note 32: Financial debt and Note 33: Lease commitment. Does AF obtain use of its aircraft more using operating leases or finance leases? Do lessees report operation and finance commitment the same way? Explain.

Here is the Air France (AF) report being referenced file:///Users/Aberunsmiles/Downloads/airfrance(111)%20(1).pdf

Note 32 Financial debt As of December 31 (in million) Non current financial debt Perpetual subordinated loan stock in Yen Perpetual subordinated loan stock in Swiss francs OCEANE (convertible bonds Bonds Capital lease obligations Other debt Total Current financial debt Bonds Capital lease obligations Other debt Accrued interest Total 2013 211 341 1,478 200 3.808 1,558 8,596 741 599 653 144 2,137 2012 256 347 988 950 3,919 2,105 9,565 588 734 112 1,434 Note 32 Financial debt As of December 31 (in million) Non current financial debt Perpetual subordinated loan stock in Yen Perpetual subordinated loan stock in Swiss francs OCEANE (convertible bonds Bonds Capital lease obligations Other debt Total Current financial debt Bonds Capital lease obligations Other debt Accrued interest Total 2013 211 341 1,478 200 3.808 1,558 8,596 741 599 653 144 2,137 2012 256 347 988 950 3,919 2,105 9,565 588 734 112 1,434