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Widebody Values Shrug Off Political Uncertainty

March 24, 2003

The current tense political predicament is inevitably clouding some views on the market but operators around the world are continuing to acquire and dispose of widebodies. A temporary fall in traffic is to be expected during the conflict but a subsequent change to the new agenda will serve to restore confidence and allow bookings to return quickly to pre-conflict levels. The demand for newer widebodies still remains weak though the acquisition of a number of B747-400s from United by Thai points to a market that is experiencing some expansion, albeit fragmented.

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