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These excerpts taken from the AYR 10-K filed Mar 2, 2009. Middle
East and African Concentration
Six lessees based in the Middle East and Africa accounted for
10% of our lease rental revenues for the year ended
December 31, 2008. Middle Eastern, and particularly Gulf
based carriers, have a large number of aircraft on order and
continue to capitalize on the region’s favorable geographic
position as an East-West transfer hub. However, ongoing
geopolitical tension, the sharp fall in fuel prices, distress in
the Dubai economy and any aviation related act of terrorism in
the region could adversely affect financial performance.
Middle East and African Concentration Six lessees based in the Middle East and Africa accounted for 10% of our lease rental revenues for the year ended December 31, 2008. Middle Eastern, and particularly Gulf based carriers, have a large number of aircraft on order and continue to capitalize on the region’s favorable geographic position as an East-West transfer hub. However, ongoing geopolitical tension, the sharp fall in fuel prices, distress in the Dubai economy and any aviation related act of terrorism in the region could adversely affect financial performance. This excerpt taken from the AYR 10-Q filed Nov 17, 2008. Middle
East and African Concentration
Lease rental revenues from six lessees based in the Middle East
and Africa accounted for 10% of our total revenues for the
quarter ended September 30, 2008. Middle Eastern, and
particularly Gulf based carriers, have a large number of
aircraft on order and continue to capitalize on the
region’s favorable geographic position as an East-West
transfer hub. However, ongoing geopolitical tension is a risk to
airlines and any aviation related act of terrorism in the region
could adversely affect financial performance.
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