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Economic hard times are having a profound
effect on both private and commercial aircraft owners with
growth stalling; fuel prices rising along with increasing
maintenance costs. Aircraft hull values have also diminished,
leaving owners and banks upside down on aircraft loans causing a
number of owners to default on making their loan payments and
turning the keys over to the bank. The lender in turn, must deal
with a host of issues ranging from properly insuring the
aircraft to maintenance and storage and selling the aircraft.
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