The original suggestion was posted by Reperak, but the original suggestion was deleted by him. I decided to reopen this suggestion because I believe that it will befit the server. This is perfect time to consider this suggestion as we are upgrading to 1.17.
What is Airplane
Airplane is a server software like Paper, Airplane is a fork of Tuinity (which is a fork of Paper) that optimizes the performance of both of the said softwares. Because Airplane is a fork of a fork, it has the same API as Spigot, which means that (in theory) all of your plugins will work with Airplane.
DEAR
One of the most notable optimizations that Airplane has is DEAR (or Dynamic Entity Activation Range). When a mob does some task, like walking around, jumping, eating grass, etc. in order for mobs to do these tasks, they need to use their AI, which uses CPU. While I did list some very simple tasks, they really add up when a bunch of mobs perform these. Imagine 500 sheeps eating grass or 500 villagers walking around, that can really cause lag and reduce the server's TPS.
What Airplane does is that when a player is far away from these mobs, it limits the AI of these mobs to save valuable CPU power, the further away from a player the more limited the AI gets.
The image here shows DEAR in action, the numbers above the mobs are the AI power that mob has. (1/2 is half the AI power and 1/4 is a quarter and so on)
Other Optimizations
There other optimizations Airplane has to offer than just DEAR, though, they're not talked about as much, so I encourage you to test Airplane to see what other optimizations it has to offer.