The cooling of the global economy is in the air and the banks are reeling from softening commodity prices and equities being hit hard. But against that backdrop, most major airlines continue to report strong premium and economy traffic. Against this uncertain short term environment, one cannot help but think again about those aircraft lessors (and engine lessors) that have taken on stub leases at crazy rates – the buttons are already falling to the floor (on their shirts) that is for sure. In all this we do see some worrying trends, Latin American traffic and falling revenues on Transatlantic

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