Used jets rents surge 44% as airlines pay up to buoy fleets
The values and lease rates for out-of-production Airbus and Boeing jet series have surged due to the high demand from airlines. Used Boeing 737NG and Airbus A320ceo models are now valued at around $20 million or more. This unexpected popularity is driven by a shortage of planes caused by supply chain issues and engine problems. Carriers like Lufthansa and Ryanair are holding onto older aircraft, further tightening supplies. Lease rates for older Boeing 737-800s have increased by 44% compared to pre-pandemic levels. T
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