and how that's been supportive just to the overall investment thesis.

Sure.

So we've seen a lot of pickup in not only lease rates because the aircraft are scarce.

And so airlines that ordered airplanes that were supposed to deliver last year, this year, next year, they're not delivering for four or five years later.

So they have to not only lease more planes from leasing companies, but they also have to extend the airplanes that were coming off lease that they originally planned to return.

So as an investor, you're seeing a little pickup in not only lease rate today, but you're also seeing a pickup in renewal rates.

So in a normal market, give or take a few, about 60% of aircraft extend their first leases.

As well as maybe some parts of the market where you look at it and say, it might be great to fly on that particular model of aircraft, but I'm not sure I actually want to be an owner of that because... no one else would actually potentially take that on should I ever have to take the key.