Air Force KC-767 Lease Proposal: Key Issues For Congress [Updated September 2, 2003] [open pdf - 542KB]
"The Air Force wishes to replace its KC-135E aircraft by leasing 100 new Boeing KC-767 tankers. The Air Force indicates that leasing is preferred because it will result in faster deliveries than outright purchasing. Air Force leaders argue that a lease will allow them to husband scarce procurement dollars by making a small down payment. Although Congress authorized the proposed lease in the FY2002 DOD Appropriations Act, it stipulated that the defense oversight committees must approve the lease - only the Senate Armed Services Committee has yet to approve."
CRS Report for Congress, RL32056