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					                                                                   October 17th, 2005 / Vol.17                                        Page 1 of 7

      AviTrader Weekly Aviation Headlines is a free email circulation to the aviation industry by ARYX Business Solutions Inc., 203-38 Fell Avenue,
      North Vancouver, BC, Canada, V7P3S2 Contact information: Peter Jorssen, phone +1 (604) 448-0970, email: peter.jorssen@aryxsolutions.com

Aircraft & Engine

Air Deccan agreed with GE Commercial Aviation Services to lease two Airbus A320 narrow body aircraft. The
aircraft are scheduled for delivery to Air Deccan in January 2006. They are part of an early return agreement reached
with US Airways in May 2005.

Air Tahiti ordered one ATR 72-500 aircraft, plus one option.

Airbus A380, is to visit Frankfurt in Germany for airport compatibility verification tests at the end of this month, and
will fly to Singapore, Kuala Lumpur, Sydney, Melbourne and Brisbane in the first half of November. It will then be on
display at the Dubai airshow in the second half of November.

Atlantic Air Transport, UK purchased one ATR72 previously operated by Aero Airlines, Estonia. Transaction was
arranged by Skyways Aviation.

Binter Canarias of Spain has signed a contract for 1 new ATR 72-500 aircraft. This additional aircraft is a
continuation of the airline’s fleet renewal process that was started last year. On the medium term, there is further
potential for the company to acquire up to 5 more ATR 72-500s as the opportunities for growth are developing.

Caribbean Aircraft Leasing has signed a contract to acquire three new Bombardier Q300 50-seat turboprop aircraft
on behalf of its regional airline affiliates, Caribbean Star Airlines Limited and Caribbean Sun Airlines Inc. The firm
order is valued at approximately $49 million US. The three Q300 aircraft are scheduled to be delivered commencing
the second quarter of 2006.

Embraer expects to deliver 145 Airline, Business and Defense aircraft (including only aircraft for authority
transportation) in 2005 and maintains its forecast to deliver the same number of aircraft in 2006. During the third
quarter, three EMBRAER 170s were delivered to US Airways and financed by GECAS, and one EMBRAER 170 pre-
series aircraft was delivered to Paramount Airways, a start-up airline in India, and leased from ECC Leasing Company
Ltd. Furthermore, three Legacys configured for government authority transportation were delivered to the Indian
Government. All aircraft delivered to government authorities are accounted for as revenue for the defense segment.
As of September 30, 2005, Embraer’s firm order backlog, including the Airline, Business and Defense markets totaled
US$ 10.4 billion.

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Seminar / Workshop


1st – 2nd December 2005
Scottsdale, Arizona

         Learn about the commercial and
       financial aspects for cost effective
              engine maintenance.
  •What are the latest trends in the engine MRO industry
  •How does the aircraft lease agreement effects maintenance cost
  •How to determine the best maintenance model
  •How to develop effective RFQ and how to evaluate proposals
  •How to control budgets and individual events

  For program details and to register online, visit www.tammbresler.com.
  For questions contact Lisa Ogilvie:
  +1 (604) 980-7644 lisa.ogilvie@tammbresler.com
                                                        October 17th, 2005 / Vol.17                            Page 2 of 7

Eurofly has signed a Letter of Intent with Airbus for three A350-800 aircraft and is leasing two additional A330-200s,
to reinforce its long haul fleet and to open up new long haul destinations. Eurofly’s decision brings the number of
commitments for the new A350 to 143, from ten customers. The A350s will be delivered from 2013 and the delivery of
the additional A330-200s, powered by Pratt & Whitney PW4000 engines will start in late 2006.

Finnair is leasing a seventh Boeing MD-11 wide-body aircraft for delivery in December 2005. The aim is also to
acquire an eighth MD-11 aircraft during next year. The additional aircraft will support the Asian expansion strategy.

FL Group and a Kaupthing Bank subsidiary have signed a purchase agreement with Singapore Airlines Cargo for
a Boeing 747-400 cargo aircraft for 5 billion ISK. Singapore Airlines Cargo will lease back the aircraft for a ten year

IndiGo has chosen Hamilton Sundstrand to supply its APS 3200 Auxiliary Power Unit (APU) for IndiGo's new fleet
of Airbus A320 aircraft. Over the next decade, IndiGo will take delivery of 100 Airbus A320 family of aircraft, all
equipped with the Hamilton Sundstrand APS 3200 APU. Hamilton Sundstrand also will manage the support of these
APUs through a “turnkey” Maintenance Service Plan (MSP).

Jade Cargo International has selected GE's CF6-80C2 engines to power its six new Boeing 747-400ER freighters.
The engine order is valued at more than $250 million.

LAN Airlines has signed a contract with Airbus for the acquisition of 25 A320 Family aircraft plus 15 options. This
order confirms LAN's previous announcement of June 2005 and brings their total orders for Airbus aircraft to 59.
Deliveries of the newly ordered aircraft are scheduled to begin in 2006. A part of the additional new A318s and A319s
will gradually replace LAN's 737-200 fleet. With this contract LAN becomes the first customer for the A318 powered
by the new Pratt & Whitney's PW6000 engine. The PW 6000 engine is due for certification by the end of this year.
The additional A319s and A320s will be powered by the V2500-A5 engine from International Aero Engines.

Royal Jordanian Airlines will become the first Middle East operator of the Bombardier Q400 turboprop. The
introduction of the first of two previously owned, 74-passenger, 360-knot (667 km/h) Q400 aircraft by the end of this
month will mark the inauguration of a new Royal Jordanian Airlines brand, Royal Jordanian Express, and will upgrade
the regional service that has been provided by Royal Wings since 1996.

SkyWest, Utah has concluded a purchase agreement for 22 Bombardier CRJ700 regional jets for its Delta
Connection operation. The transaction includes conversion rights to other Bombardier CRJ aircraft. In addition, the 80
options for CRJ700 aircraft previously announced were reaffirmed as part of this agreement. The revised contract is
valued at approximately $798 million US.

The Public Investment Board (PIB) has recommended the acquisition of 50 new long range wide bodied state-of-
art-technology aircraft for Air India and 18 B737-800W aircraft for Air India Charters Ltd, on a not to exceed cost
basis to the Government (CCEA) for approval.

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                                                        October 17th, 2005 / Vol.17                            Page 3 of 7

Tiger Airways, Singapore has selected IAE International Aero Engine V2500 engines for its fleet expansion
comprising eight new Airbus A320 aircraft. The transaction is valued at US$136 million and the engines will be
covered by a long term Maintenance Support Agreement.

US FAA welcomed new Bombardier Global 5000 Jet to the United States Federal Aviation Administration's (FAA)
William J. Hughes Technical Center in Atlantic City, N.J., into their research and development program.

MRO & Production

Airfoil Services Sdn. Bhd. (ASSB), a MTU Aero Engines and Lufthansa Technik affiliate, is going to extend its
activities: novel advanced repair techniques and a wider product portfolio will grow the Kuala Lumpur operation's
sales, now standing at almost U.S. $5 million, to four times its present level, or $20 million, by 2010. ASSB
specializes in the repair of aero engine blades. ASSB will be repairing high-pressure compressor blades in addition
to the low-pressure turbine blades it is doing now, and add the CF34 to its present CF6, V2500 and CFM56 engine

ExelTech Aerospace Inc. signed a Memorandum of Understanding to be the provider of ATR-72 turboprop heavy
maintenance services for a major US regional airline. The three-year contract has an estimated value of $30 million
to $35 million and is subject to a definitive agreement, which is expected to be completed in the next 60 days.

Snecma and NPO Saturn, inaugurated on October 14, 2005 a jointly-owned company to produce aircraft engine
parts, called VolgAero.

Corporate News

Alaska Airlines and the Aircraft Mechanics Fraternal Association (AMFA) announced ratification of a new four-year
contract covering the airline's 700 aircraft technicians. The new contract includes pay increases, reflecting Alaska's
strategy to offer market-based wages for all work groups. It also includes a no-furlough clause, which protects jobs for
the duration of the contract.
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                                                        October 17th, 2005 / Vol.17                           Page 4 of 7

Atlas Air Worldwide Holdings, Inc. has begun distribution of 40,940 shares of AAWW’s new common stock to
holders of allowed general unsecured claims against AAWW and certain of its subsidiaries pursuant to the terms of a
Joint Plan of Reorganization under which AAWW and the subsidiaries emerged from Chapter 11 bankruptcy
protection on July 27, 2004. The current issuance of shares under the Plan represents the first distribution of new
common stock of AAWW to holders of allowed general unsecured claims since an initial pro rata distribution of
16,095,776 shares of new common stock on July 12, 2005.

Cathay Pacific Airways released traffic figures for September 2005. The airline carried 1,245,828 passengers in
September, a 13.8 percent increase year-on-year, just ahead of a corresponding 12.7 percent increase in passenger
capacity, measured in terms of Available Passenger Kilometres, or ASKs. The passenger load factor increased to
76.4 percent, up 1.2 percentage points from the same month last year.

Continental Airlines has contributed additional $84 million cash to its defined benefit pension plans. These
contributions bring Continental's year-to-date pension contributions to $304 million and meet its minimum required
contribution for 2005.

debis AirFinance has changed its name to AerCap. The name change follows the acquisition of debis AirFinance
B.V. by affiliates of Cerberus Capital Management, L.P. in June 2005. AerCap currently has a total owned and
managed fleet of 238 modern jets and turboprops leased to 85 airlines in 46 countries. Headquartered at
Amsterdam's Schiphol Airport, AerCap has offices in Shannon, Ireland and Fort Lauderdale, Florida/United States.

Delta Air Lines announced that it has been advised by the New York Stock Exchange (NYSE) that its common stock
– ticker symbol DAL – and its 8 1/8% Notes due July 1, 2039 – ticker symbol DNT – will be suspended from trading
on the NYSE on October 13, 2005, and that the NYSE will submit an application to the Securities and Exchange
Commission to de-list these securities. The average closing price of Delta’s common stock fell below the NYSE’s
continued listing minimum share price standard of $1.00 over a consecutive 30-trading-day period as of October 3,

Delta Air Lines’ regional airline subsidiary Comair (Delta Airline’s regional airline) announced plans to reduce costs
by up to $70 million annually as the company makes changes to its business in support of Delta’s ongoing
transformation. The plan combines savings to be achieved through the Chapter 11 process with changes to Comair’s
fleet, network and employment costs to align the company’s cost structure with the reduced revenues that will be
realized in a restructured environment. Delta’s efforts to achieve an additional $3 billion in annual financial benefits by
2007 include amending Comair’s Delta Connection agreement to reduce the amount of compensation provided for
regional airline feed. Comair will use benefits available through the Chapter 11 process to eliminate non-competitive
aircraft leases and mortgages to reduce ownership costs and allow the airline to have a more competitive platform. As
part of this, Delta plans to remove up to 30 aircraft from Comair’s schedule, with 11 aircraft leaving the schedule by

Eaton Corporation has reached agreement with PerkinElmer, Inc. to purchase its aerospace division for $333
million. The transaction is expected to close later this year. Based in Beltsville, Maryland, the aerospace division of
PerkinElmer, Inc. had sales of $150 million and EBITDA of $35 million for the 12 months ended June 30, 2005. It
employs 950 people in five locations – three in the United States, one in France and one in Indonesia.

Federal Express requested the assistance of the National Mediation Board (NMB) in completing its ongoing pilot
negotiations. The company and its pilots, represented by the Air Line Pilots Association, have been engaged in active
contract talks since March 2004.

Finnair scheduled traffic increased by 9.4% compared to September last year. Number of passengers increased by
6.4% up to 638,800 passengers. Capacity was added only by 3.2%. The passenger load factor was 69.4%, up 3.9
percentage points. The passenger load factor in European traffic was up by 6.2%. Half of Finnair's revenues in
scheduled traffic are derived from European traffic. Finnair's total traffic increased by 8.4%. Capacity was up by 3.8%,
resulting in a passenger load factor of 72.6%, which is 3.1 points higher than last year.
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                                                        October 17th, 2005 / Vol.17                            Page 5 of 7

Frontier Airlines announced preliminary traffic results for September 2005. Revenue passenger miles increased 20.9
percent to 553,748,000 for September 2005 from the same period last year. Available seat miles increased 9.6
percent to 779,445,000 for September 2005 from the same period last year. This resulted in a record September load
factor for September 2005 of 71.0 percent, an increase of 6.6 points from September 2004, when the airline reported
a load factor of 64.4 percent. The airline carried 586,103 passengers during September 2005, a 25.2 percent increase
from September 2004.

Hawaiian Airlines announced the appointment of Matt Bernier to the position of senior director – labor relations.

Hawaiian Airlines served 470,409 passengers in September, while recording Revenue Passengers Miles (RPMs) of
571,652,000, Available Seat Miles (ASMs) of 641,821,000, and Load Factor of 89.1 percent.

Independence Air has appointed David Asai to the position of Chief Financial Officer.

Lufthansa announced in the first 9 month of 2005 38.8 million passengers chose to fly Lufthansa – an increase of 0.5
per cent year-on-year. Sales rose by 4.7 per cent, outpacing the moderate increase in capacity. The passenger load
factor consequently rose by 1.5 percentage points to 75.8 per cent, the highest nine-month level ever recorded by the

Mesa Air Group, Inc. announced it had met with officials from the State of Hawaii's Department of Transportation to
provide them with Mesa's Proposal to Provide Airline Service in the State of Hawaii. This is one of the required steps
Mesa is undertaking in order to begin service early next year.

Mesaba Aviation has filed for Chapter 11 restructuring. Mesaba has $30m unsecured claims in the Northwest
chapter 11 claim. Northwest indents to terminate the sublease of all 35 Avros. Northwest advised Mesaba also that
they should count on only 2 of the 15 commited new CRJ aircrafts.

Northwest Airlines is seeking $2.5 billion in overall savings in order to return the company to profitability on a
sustained basis. To achieve these savings, Northwest is committed to realizing competitive labor and non-labor costs,
restructuring its balance sheet, achieving market rates for its aircraft and optimizing business practices.
Northwest filed a court motion outlining Northwest’s new targets for its labor groups. These targets have been

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                                                        October 17th, 2005 / Vol.17                            Page 6 of 7

communicated to union leaders. The total labor cost savings requirement includes the $285 million in annual savings
the airline realized from its pilots and salaried and management employees starting in December 2004, as well as the
approximate $200 million in annual savings achieved from restructuring Northwest’s maintenance organization after
the strike by Aircraft Mechanics Fraternal Association (AMFA) -represented employees in August. Northwest said that
its salaried and management employees will take a second round of pay and benefits reductions in the near future.
Overall Northwest is seeking $1.4m in annual labour cost savings.

Ryanair appointed Ms. Jo Wiseman as UK Sales and Marketing Manager.

SAS Group load factor for September was 71,2% up 5,9 p.u. vs 2004. Total passenger traffic increased by 9,7% in
September 2005 vs 2004. The SAS Group transported 3,4 million passengers in September 2005, an increase of
13,0% , load factor in September was up 7,9 p.u. to a record 74,0%.

Spirit Airlines appointed John Prestifilippo as Senior Vice President, Technical Operations and Tony Lefebvre as
Senior Vice President, Customer Service.

The Northrop Grumman Corporation and The Boeing Company Crew Exploration Vehicle, team has named
Leonard Nicholson, a former International Space Station executive for Boeing, as its new deputy program manager.

UAL Corporation, announced today Douglas Leo will serve as vice president of Revenue Management and Kenneth
I. Feldman has been named vice president-Loyalty and e-commerce.

US Airways Group appointed Hal Heule as senior vice president, technical operations with responsibility for the
combined airline's maintenance and engineering operations.

Virgin Express, announced that Ursula Silling will be joining Virgin Express on October 17th as Commercial Director
taking over all responsibilities currently held by Paul Sies, who took up a senior executive position with Center Parcs


Air Canada announced that effective October 30, 2005, it is expanding service to India with the launch of daily
codeshare flights to Mumbai. Flights will be operated by the carrier's future Star Alliance partner SWISS via Zurich.
Air Canada will also introduce its own daily flights from Toronto to Delhi via Zurich, on which SWISS will sell seats on
a codeshare basis.

ATA announced that to create an even more efficient and cost-competitive operating, as part of an ongoing effort to
create a strategic business plan that best positions the Company for bankruptcy emergence, it will be ending its
service from Chicago-Midway to Boston on Oct. 28, 2005, Newark, N.J. on Oct. 29, 2005 and Minneapolis/St. Paul
on Dec. 1, 2005, respectively. ATA will also suspend its launch of new service between Chicago-Midway and Miami
and Sarasota, Fla. Service to these markets was scheduled to begin on Oct. 29, 2005.

dba is flying four times daily between Hamburg and Duesseldorf starting November 7th. 2005.

easyJet, announced it would expand its services in Italy and introduce a new base at Milan's Malpensa Airport.
Malpensa will be the airline's 16th base in Europe and first in Italy.

Germanwings, is expanding its network by adding six new destinations from Cologne/Bonn to its summer 2006
schedule. From March 6th passengers will be able to fly direct to Alicante, Jerez, Antalya, Heraklion, Göteborg and
Danzig. In addition Germanwings will also be flying three times per week from Stuttgart to Antalya and once a week
from Berlin-Schönefeld to Ibiza.
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Repair beats replacement –
Your advantage, our goal.
The MTU Maintenance Group is renowned for excellent-value engine maintenance. For a quarter of a century, the company has
been a reliable partner of many airlines, offering a compelling choice of customized service packages. We aim to repair rather
than replace, using the very latest inspection, maintenance and repair technologies. Forget about expensive replacement parts
and keep costs down. Expect us to provide outstanding repairs and short off-wing times – worldwide and at affordable prices.

                                                                                              An MTU Aero Engines Company

                                                                                              MTU Maintenance Hannover GmbH
                                                                                              Muenchner Strasse 31
                                                                                              30855 Langenhagen • Germany
                                                                                              Tel. +49 511 7806-0
                                                                                              Fax +49 511 7806-200
                                                                                              www.mtu.de • www.mtu-portal.com
                                                        October 17th, 2005 / Vol.17                            Page 7 of 7

jetBlue Airways announced a major expansion of service from its home base at New York's JFK International
Airport, including new daily flights between New York and Boston; new daily flights to Austin, Texas; new daily flights
to Richmond, Va.; and increased frequencies to Buffalo, N.Y. and Burlington, Vt. The airline also announced a major
expansion of service from Boston's Logan International Airport to five new cities, including new flights to New York's
JFK International Airport; and additional new daily service to Austin, Texas; Nassau, The Bahamas; Richmond, Va.;
and West Palm Beach, Fla.

Lufthansa is extending its route network to the Gulf region: as of 10th January 2006 it will be offering three weekly
flights from Frankfurt to Doha, the capital of Qatar.

Qantas announced it would add a fifth non-stop service from Brisbane to Los Angeles from 28th January 2006.

WestJet will offer four non-stop return flights per week between Toronto and Fort Myers.

Other News

BAE Systems has been awarded a $2 million contract to provide a Continuous Wave (CW) Doppler radar to the
United Kingdom Aberporth Test and Evaluation Range, operated by QinetiQ on behalf of the U.K. Ministry of Defence.

GE Transportation-Aircraft Engines has selected Hamilton Sundstrand to supply the fuel system pumps for the
GE Rolls-Royce Fighter Engine Team F136 engine to power Lockheed Martin's F-35 Joint Strike Fighter (JSF)
aircraft. Hamilton Sundstrand said the contract could be worth more than $400 million over the life of the aircraft

IAE International Aero Engines V2500 in service with US Airways has set a new reliability record for the engine of
25,000 hours – and has been given a clean “health check” to keep on flying. The engine underwent its first revenue
flight on December 12, 1998, and has remained on the wing of an Airbus A319 operating at a 24K rating ever since.
During this time, the engine has accrued nearly 10,000 cycles on stage lengths averaging around 2.5 hours.

King County, WA rejected proposed development of Boeing Field.

Pratt & Whitney, a United Technologies Corp. company, has reached agreement with MAN TURBO AG of Germany,
a leading FT8 packager, to supply four FT8 gas turbine engines.

Rolls-Royce Turbomeca RTM322 turboshaft engine has been qualified to the specific stringent military requirements
of the NH Industries (NHI) NH90 twin-engine multi-role helicopter.

Pratt & Whitney reached agreement with Amber Investment and Management Company Ltd., in Shanghai, China, to
purchase one Pratt & Whitney Power Systems FT8® SWIFTPAC™ unit.

SAS and Worldspan agreed that SAS will distribute its full content to Worldspan's Global Distribution System (GDS).
The agreement is a result of several months' negotiations and allows SAS to obtain lower distribution costs.

SR Technics Switzerland has concluded a Technical Training Agreement with Airbus which sees SR Technics help
alleviate any training capacity shortages at Airbus by providing the corresponding training at its Zurich maintenance

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                          with AviTrader. Phone: +1 (604) 448-0970 Email: pjorssen@avitrader.com
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Training Seminar

18-19 October, 2005
Determine best practices in the world of Aircraft Asset Management

Holiday Inn, Kensington, London

 What are other companies doing with regard to asset management.What are the best
 practices in other companies? How does your company measure up against others? What
 are the lessors doing and what does the future hold? Experienced aviation professionals
 look at recent models and case studies and discuss best practice and ways you can measure
 your company. Build on your knowledge base; improve your efficiency, working methods and
 practices. Also, learn about managing transaction risk and what the best practice is in the
 industry today.

                                                                                                rates o r
                                                                                               3 or mfor

                                                                                               delegates e

 Benefits of Attending:
 q   Learn about the best practices in Aircraft Asset                         Official Publications

 q   What are the experiences of the major players

 q   What should you be doing
 q   How should you benchmark your company
 q   Find out about Managing Transaction Risk

                                           Caroll Everest, everest events ltd
                             20 Overton Shaw, East Grinstead,West Sussex RH19 2HN, UK
                     Tel: 44 (0) 1342 324 353 Fax: 44 (0) 1342 324 594 Mobile: 0794 1969 401
                                          email: everest@everestevents.co.uk

                                                                                                                            October 17, 2005

Aergo Capital
   737-200     JT8D-15       22640    1982     Dec-05      Sale, Lease   Anthony O'Connor   anthony@aergocapital.com            (353) 1-676-1077
   737-200     JT8D-15       22058    1980     Dec-05      Sale, Lease

BCI Aircraft Leasing
  737-200A     JT8D-9A       23155    1985 immediately     Sale, Lease   Brad Vineyard      bvineyard@bciaircraft.com           (1) 630-862-8989
  737-200A     JT8D-15A      23516    1986 immediately     Sale, Lease
  737-200A     JT8D-15A      23517    1986 immediately     Sale, Lease
  737-200A     JT8D-15A      23518    1986 immediately     Sale, Lease
   737-300     CFM56-3B-1    23360    1985 immediately     Sale, Lease   Richard Horn       richard@bciaircraft.com             (1) 310-923-4300
   737-300     CFM56-3B-1    23363    1985 immediately     Sale, Lease
   737-300     CFM56-3B-1    23366    1985 immediately     Sale, Lease
  MD80-87      JT8D-217C     49888    1990 immediately        Sale       Chris Olds         colds@bciaircraft.com               (1) 312-329-1237

BCI Jet Sales & Leasing
 Learjet 35A   TFE           181CA           immediately      Sale       Victoria Ricks     vricks@bciaircraft.com              (1) 630-466-1700

Bristol Associates, Inc.
   737-300     CFM56-3B-2    23931    1988 immediately     Sale, Lease   Pete Seidlitz      bristol@bristolassociates.com       (1) 202 682-4000
   737-300     CFM56-3B-2    23932    1988 immediately     Sale, Lease   Ed McNair          bristol@bristolassociates.com       (1) 202 682-4000
   747-400     PW4056        24363    1989 immediately     Sale, Lease
   747-400     PW4056        25395    1992 immediately     Sale, Lease
   747-400     PW4056        26474    1993 immediately     Sale, Lease
   747-400     PW4056        26879    1993 immediately     Sale, Lease
   747-400     PW4056        26881    1993 immediately     Sale, Lease
   747-400     PW4056        24383    1990 immediately     Sale, Lease
   777-200     PW4077        26917    1994 immediately     Sale, Lease

CIT Aerospace
   737-300     CFM56-3B-2    23970    1987     Dec-05        Lease       Nicole Johnson     nicole.johnson@cit.com              (353) 1 656 1012
   737-300     CFM56-3B-1    24011    1988     Dec-05        Lease
   757-200     RB211-535E4   23895    1987     Oct-05        Lease
  MD80-87      JT8D-219      49779    1989 immediately        Sale
  DHC8-102     PW120A         205     1990 immediately     Sale, Lease
  DHC8-102     PW120A         211     1990 immediately        Sale
  DHC8-102     PW120A         322     1992 immediately        Sale
  DHC8-102     PW120A         324     1992 immediately        Sale
   328-100     PW119C         3084    1997 immediately        Sale
   328-100     PW119C         3087    1997 immediately        Sale

Compass Capital Corporation
Embraer 120ER PW118          120190   1990 immediately     Sale, Lease   Ken De Jaeger      kdejaeger@compasscapitalcorp.com    (353) 1 656 1012
Embraer 120ER PW118          120195   1990 immediately     Sale, Lease
Embraer 120ER PW118          120197   1990 immediately     Sale, Lease
Embraer 120ER PW118          120199   1990 immediately     Sale, Lease

GAS Turbines International
    A310       JT9D-7R4E1     410     1986 immediately     Sale, Lease   Jason Rayman       jray@gti-power.com                  (1) 561-572-3333

  737-300QC    CFM56-3B-2    23766    1987     Jan-06        Lease       Stefan Kageman     skageman@jetscape.aero              (1) 954-763-4737
Magellan Air
 ATR42-300   PW120           142   1988 immediately        Sale, Lease        Ray Tighe      ray.tighe@magellanair.com   (353) 61 709709
 ATR42-300   PW120           216   1990 immediately        Sale, Lease
 ATR42-300   PW120           235   1990 immediately        Sale, Lease
 ATR42-300   PW120           261   1990 immediately        Sale, Lease

                       AIRCRAFT ENGINE MARKETPLACE
    1        CF6-80A                    immediately   Sale, Lease, Exchange   Bob Nichols    bnichols@aeroturbine.com    (1) 305 590-2600
    1        CF6-80A2                   immediately   Sale, Lease, Exchange   Chris Grey     cgrey@aeroturbine.com       (44) 1665 606767
    1        CFM56-3B-2                 immediately   Sale, Lease, Exchange
    1        CFM56-3B-1                 immediately   Sale, Lease, Exchange
    5        CFM56-3C-1                 immediately   Sale, Lease, Exchange
    1        JT8D-219/217C              immediately   Sale, Lease, Exchange
    2        V2500-A1                   immediately   Sale, Lease, Exchange

GAS Turbines International
    1        JT8D-9A                    Sale, Lease        immediately        Jason Rayman   jray@gti-power.com          (1) 561-572-3333
    4        JT9D-7R4E1                 Sale, Lease        immediately

    1        JT3D-3B                    immediately           Sale            Mario Duenas   mario@med-air.com           (1) 305 777-2036
    1        JT3D-7                     immediately           Sale
    1        JT8D-17R                   immediately           Sale
    1        JT8D-7B                    immediately           Sale
    1        JT8D-9A                    immediately           Sale

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                        in the advanced online database of

Aviation Finance
 Understanding the legal and documentation issues

                                                Course Director Kenneth Gray

         A practical and interactive four-day training course
         ➔ Common financing tools
         ➔ Ownership rights
         ➔ Insurances
         ➔ Residual value guarantees
         ➔ Aircraft mortgages
         ➔ Sub-leasing
         ➔ Default
         Plus workshops
         ➔ Rights of owners and mortgages on airline’s default
         ➔ Structuring a tax lease
         ➔ Matching the requirements of a residual value
           guarantor with those of a lender
         ➔ Taking security over a purchase agreement

  06 - 09 December 2005, Central London, UK
    call Andrew Powell +44 (0)20 7779 7205 or fax on +44 (0)20 7779 8599
                      email: apowell@euromoneyplc.com