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bought its (very small) airplane outright for $17,500,000 in cash, whereas JetSky takes advantage of a competitive market for aircraft leasing, renting its aircraft for

bought its (very small) airplane outright for $17,500,000 in cash, whereas JetSky takes advantage of a competitive market for aircraft leasing, renting its aircraft for $1,750,000 a year. If AirHook were to go out of business, it would be able to lease its "jet" to any one of a large number of other small carriers on the open market. Which airline has the lower (economic) breakeven price? Explain

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