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Monday, February 9, 2004

Sale of B757s to VIM-Avia Provides Relief for Values, But Obstacles Remain

The disposal of 12 ex-Thomas Cook PW2000 powered B757s to VIM-Avia of Russia in a deal that reportedly involves approximately $126 million represents an important fillip to the market, though the issue of import taxes has not yet been fully resolved. If sold for some $10 million to $11 million each, the 10...

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