True we don’t own anything but currently the value is the rights to our assets. I remember when we owned airplanes and it was played up as an asset “a piggy bank we can tap into” (was the actual quote.) So what happened when the world tanked in 2008 and airplanes were dime a dozen? Our piggy bank disappeared. Franke is smart to lease everything…incredible leverage for another 2008 event (or Covid)…“want your airplanes back? Sure! Here they are! Oh, you don’t want them because everyone is returning airplanes? Ok, let’s negotiate!”