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Chapter 11 Filings to Impact Values of Specific Aircraft

September 19, 2005

The bankruptcy filings of Delta Air Lines [DAL] and Northwest Airlines [NWAC] is expected to lead to the disposal of a number of aircraft, but in contrast to previous filings of US Airways [UAIRQ] and United Airlines [UALAQ], the impact on values will be type-specific rather than industry-wide.

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