FOR CURRENT &
FUTURE AIRCRAFT VALUES
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Assumptions

April 13, 2009

The listing of current and future market values is based on the year of build. The essential assumption, following ISTAT Market Value guidelines, is that the aircraft is being sold as a single unit and between a willing seller and willing buyer for cash. The high and low figures for December 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.

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