The cost of renting the newest aircraft has surpassed pre-pandemic levels as airlines struggle to balance demand for travel with persistent shortages and manufacturing delays.
More than half of the world’s commercial aircraft are owned by leasing companies, which have been able to increase their rates significantly for the most in-demand Airbus and Boeing single-aisle aircraft that are used for short and medium-haul flights.
Monthly lease rates for the Airbus A321neo have risen from lows of around $340,000 at the height of the pandemic in 2020 to as much as $420,000, marginally higher than before Covid-19 brought the industry to a standstill, according to aviation data group Ishka.