We continue to see a slide in prices and a slight stabilization of availability.

The GIV inventory has come down to fifteen percent of fleet availability, but this is a result of "opportunity buying" as opposed to any prolonged demand uptick. Prices for most of these GIV’s is now down around or below $10MM USD in order to make a sale happen.

GIVSP’ have gone the other way, we now have more SP’s available than GIV’s and prices are still sliding into the mid-teens for a good GIVSP. Obviously the SP’s are putting pressure on the GIV’s.

GV’s are also under pressure from the G550’s and therefore no surprise that a GV should not cost over $25MM USD at present with circa ten for sale.

G450’s and G550’s are now back down to what we would term "bargain" prices....mid-high $20MM’s and high-$30MM-low $40MM’s respectively. These are the best segments to buy into to preserve any real re-sale value. GAC is also now beginning to discount some of the ’position’ sales that are bloating its inventory.