Other contractual entry strategies
• Turnkey contracting: Arrangement where a firm plans, finances, organizes, manages, and implements all phases of a project abroad, and hands it over to a foreign country after training local personnel. Typical in the construction and engineering services industries.
• Management contract, a contractor supplies managerial know-how to operate a hotel, resort, airport, hospital, or other facility, in exchange for compensation.
• International leasing,* the lesser rents out machinery or equipment to clients abroad, often for several years at a time. E.g., Airlines lease aircraft.