Aircraft Rentals Skyrocket, While Supplies of Available Planes Remain Tight

The prices to lease aircraft since the pandemic have skyrocketed, as supplies of spare planes remain tight, reported CNBC.
Some in-demand aircraft lease rates are now surpassing the levels in 2019.
For example, according to aviation advisory firm IBA Group, the rent on a new Boeing 737 Max increased by more than 20 percent, to $316,000 per month, between April 2020 and July of this year.

The price of the rival Airbus A320neo hit $324,000 a month, rising more than 14 percent from the same period a year ago, while its larger cousin, the A321neo, was being rented for $375,000.
The steep rise in costs coincide with the airline industry’s latest struggle with high inflation, resulting in expenses that are normally passed down to passengers….