The US dollar is up; oil prices are buoyant and likely to go up as demand outstrips output, which will be the case in 2022 unless OPEC moves to increase output from current levels. Airline debt is at record levels and revenues at the same remain depressed by COVID. As such the very first thought that comes to mind is that 2022 should be a very strong year for the sale and leaseback market. However, lease rate factors below .5 for a MAX aircraft are normal in this market for a good quality “survivor” airline. The demand for sale-leaseback (SLB)
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