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Old 23rd Jun 2010, 13:33
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cldrvr
 
Join Date: Jan 2008
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Phil, correct but if you give a reason here that you are replacing the old fleet with a new one, where one would have to buy dollars when Sterling is at its weakest it does affect your bookvalue tremendously. Why exchange a perfectly fine aircraft for a new one right when Sterling has fallen so sharply. Replacing a fleet that has barely flown 600-1000 hours in 2-3 years is not a very shrewd business move.
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