ease rates factors have fallen to the 0.5 mark as an average for an eight-year lease on a 737MAX-9 with the vast majority of deals not having maintenance reserve conditions attached – all of this on an aircraft that should have a C check in year nine. All the while, as large lessors are being outbid on aircraft on a daily basis, airlines are starting to ask the fundamental question of smaller lessors – will the company be around for the entire lease term? As airlines force down lease rates they can see that the deals they are taking are

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