Passenger flights and air freight movements are slowing, the market is trending downward but we can still freely argue that much of this comes following the huge 2010 bounce that rather short sightedly did not factor-in a Eurozone crisis on the scale seen to date. The current worry in the background is the US election on Tuesday. Whichever way it goes, it is a harbinger of the massive fiscal crunch that we all need the US electorate to power its way through. All the while Spain fights off pressure to seek a bailout and Greece continues to burn through money

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