It is hardly a new lesson, but theexperience of the past 24 months has confirmed that as a class, transport aircraft perform quite a bit differently than less mobile assets. Consider the US real estate sector, which remains in turmoil more than two years after the collapse of Lehman Brothers despite the fact that major banks are flush with cash and the stock market has returned to levels not seen since early 2008. Vast swaths of territory around cities like Las Vegas and Phoenix ...

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