Kvarken Flyg Ab (KF) is a Finnish airline company. It was founded in February 2022 by a group of pilots that want to own and operate their own airline business on a long- term basis. KF has no assets so far. The company wants to obtain eight new ATR 72-600 planes that cost $20 million each. The question is how.

Discuss KF's reasonable funding options and how it can structure the most likely funding transaction.