97% of the leases customers are fixed-rate leases. Not sure how much but a good amount of the debt funding operations is floating rate and tied to LIBOR. Also, much of the floating rate debt resets every 3 months or so where the customer leases have terms of 10 years+. Not an exact analysis but that is one of the risks that is probably causing some to pull out of AER now with the Fed raising rates in 2016. Can't remember how much of variable rate loans are hedged - should look at the 20-F.