With thousands of aircraft still parked and lessors fielding requests for rent holidays, rental reductions and even repossession, the market is experiencing the most severe downturn since the dawn of the jet age, eclipsing the effects of the Yom Kippur War, the Iran-Iraq War, the First Gulf War, the Asian Crisis of the late 1990s, 2001, SARS and the financial crisis but there is an expectation that for the right asset, future values and rentals may recover and exceed previous expectations.
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