Can’t help but wonder if the college student (and student pilot) realizes how much that ‘unencumbered equity’ in aircraft and spares has lost in value?
With airlines in bankruptcy and aircraft parked all over the world the used market in aircraft and aviation support equipment has taken a far bigger hit than the stock market has. I doubt if those aircraft that are being retired by American, United, and Delta could bring even a fraction of what he is assuming they could.