IBA says some aircraft prices and lease rates to rise

New narrow-body aircraft base values climbed “beyond the long-term trend into 2023”, according to analysis by IBA, an aviation market intelligence company, with lease rates set to climb during the year, IBA analysts said the base value of a new Airbus A220-300 was $38.25 million in 2019 but will climb to $39.227 million in 2023, witb he Boeing 737-MAX 8 u from  $52.306 million to $53.125 million over the period. Lease rates for a new A220-300 were $266,000 per month in January 2020  but were expected to grow to US$278,000 by July 2023, IBA said, with the 737 MAX 8