... below end-market demand. One just has to read an AerCap transcript to see that the market is extremely tight for aircraft today.

...their fleets.  During its Q2 2023 earnings call, AerCap CEO Aengus Kelly noted these favorable dynamics and the positive impact they were having on AerCap\'s leasing business: …switching to the industry overall, I think it will be helpful to elaborate on how strong the demand environment is in comparison to the supply available in the market today…we are close to zero today, for what I would term, discretionary [aircraft] storage....ly to be resolved anytime soon.  During the same AerCap earnings call just referenced above, AerCap CEO Aengus Kelly commented that he believed the current supply-demand imbalance would persist for several years due to difficult to resolve production bottlenecks and continued passenger growth from the easing of COVID restrictions in Asia: …when we think about the persistence of the situation today and why we believe this supply demand imbalance will last for several years into the future…The engine bottlenecks in the OEMs and MROs will not be resolved for a number of years…I also don\'t believe a scenario in which passenger yields soften due to a mild European or US recession…as the positive momentum from Asia emerging out of COVID restrictions is getting underway.

.... Currently the lessors, including companies like Aercap, own nearly half the global fleet.

HINGHAM INSTN FOR SAVINGS HIFS

...rcumstances, in any price.  I adore Gus Kelly at Aercap (good writeup recently) but just had such a bad experience with owning it that (for totally different reasons than HIFS) it\'s also hard for me to take a position there - never mind how I feel about it.