ONE YEAR AFTER THE NEAR-COLLAPSE OF THE WORLD FINANCIAL system, availability of aircraft finance remains constrained and asset values and lease rates are under pressure, say aircraft lessors and financiers. That should not be surprising given all that has occurred since the bankruptcy of Lehman Brothers in September 2008 ignited the long-simmering credit meltdown. What is surprising is that the aircraft market has continued to function as well as it has. At this time last year, there was ...

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