Sky-high rents hit the aircraft market as Boeing jets top $300,000 a month
Publishing timestamp: 2022-08-25 11:00:01
Summary
Aircraft lessors are benefiting from airplane shortages as lease rates for in-demand planes have surpassed 2019 levels. The tight supply of aircraft is driving up prices for airlines to rent planes, leading to higher costs for passengers. Leasing firms like Air Lease, Avolon, and AerCap are reaping the benefits, with many customers extending leases due to the difficulty in finding new planes. Supply chain issues and labor constraints are also contributing to the shortage of aircraft.
Sentiment: NEUTRAL
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