FOR CURRENT &
FUTURE AIRCRAFT VALUES
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Assumptions

January 5, 2009

The listing of current and future values are based on the year of build. The essential assumption is that the aircraft are being sold as a single unit and between a willing seller and willing buyer for cash. The high and low figures for October 31st 2008 current values represent adjustments for offer and sale prices, financing arrangements, specification differences, maintenance status and condition. These are not absolutes and distressed sales as well as sale and leaseback transactions may fall outside the figures indicated. Some transactions involving distressed sales on fully run out aircraft are considered exceptional and can fall outside the value ranges. Scrap values are also likely to fall outside the indicated range of values. Quantity discounts, particularly for the larger equipment, will attract sizeable discounts.

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