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Monday, October 18, 2004

Even Scrap Values Provide Little Solace

The sale of 20 B737-200ADVs, a number of spare engines and associated spares by Ryanair [RYAAY] for $10 million highlights the continued deterioration in Chapter 2 values. The line between airworthiness and the scrap yard is increasingly fine. For the B737-200ADV, in particular, the aircraft is subject to a...

 
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