Explanations for leasing range and include weak credit ratings that generate up borrowing prices, and the desire, or require, to preserve hard cash, as opposed to shelling out to order new planes, which can operate in excess of $100 million apiece at record prices.
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"We are looking at a lot of lease extensions on planes that a year in the past we projected that we would have to remarket," explained Udvar-Hazy. Which means the corporate doesn't have to bother with changeover charges and it provides the lessor a gradual stream of revenue.
Hazy said desire premiums would need to climb better and continue being elevated to drastically dent journey need.
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