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These excerpts taken from the AYR 10-K filed Mar 2, 2009. Latin
American Concentration
Six lessees based in Latin America accounted for 7% of our lease
rental revenues for the year ended December 31, 2008. Air
travel in Latin America continues to grow strongly, fueled by
economic improvement and the introduction of low cost carriers
to the region. Brazil, Latin America’s largest aviation
market, has been plagued by two recent major accidents, both of
which raised questions as to the adequacy of its transportation
infrastructure to support future growth. Brazilian airlines have
large capacity additions planned, including the recent launch of
a new Brazilian low cost carrier, and any restrictions imposed
on airport or other infrastructure usage or further degradation
of the region’s aviation safety record, and high and
volatile fuel prices, could have a material adverse effect on
carriers’ financial performance and thus our ability to
collect lease payments.
Latin American Concentration Six lessees based in Latin America accounted for 7% of our lease rental revenues for the year ended December 31, 2008. Air travel in Latin America continues to grow strongly, fueled by economic improvement and the introduction of low cost carriers to the region. Brazil, Latin America’s largest aviation market, has been plagued by two recent major accidents, both of which raised questions as to the adequacy of its transportation infrastructure to support future growth. Brazilian airlines have large capacity additions planned, including the recent launch of a new Brazilian low cost carrier, and any restrictions imposed on airport or other infrastructure usage or further degradation of the region’s aviation safety record, and high and volatile fuel prices, could have a material adverse effect on carriers’ financial performance and thus our ability to collect lease payments. This excerpt taken from the AYR 10-Q filed Nov 17, 2008. Latin
American Concentration
Lease rental revenues from five lessees based in Latin America
accounted for 8% of our total revenues for the quarter ended
September 30, 2008. Air travel in Latin America continues
to grow strongly, fueled by economic improvement and the
introduction of low cost carriers to the region. Brazil, Latin
America’s largest aviation market, has been plagued by two
recent major accidents, both of which raised questions as to the
adequacy of its transportation infrastructure to support future
growth. Brazilian airlines have large capacity additions
planned, including the launch of a new Brazilian LCC, and any
restrictions imposed on airport or other infrastructure usage or
further degradation of the region’s aviation safety record,
and high and volatile fuel prices, could have a
Table of Contents
material adverse effect on carriers’ financial performance
and thus our ability to collect lease payments.
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