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REPORT BY COLIN BAKER IN LONDONThere are signs that the steep decline in aircraft values has bottomed out, but recovery still promises to be slowWhile it is certain-ly the case that, since the events of 11 September, aircraft prices have fallen steeply, this merely exaggerated a trend which was already on a downward curve. Rates for key benchmark models had been softening since the start of 2001 as the US economy spluttered, and they were already 10-20% down when the crisis struck. By year-end, this had become 20-30%.However, there are at least some more encouraging signs that values have now bottomed out - albeit at very much reduced levels. Latest figures from the
adidas campus 00s Airclaims consultancy suggest that values have indeed stabilised in the first quarter of this year
yeezy mexico . As much as anything, this reflects how little aircraft trading activity there is taking place in the marke
adidas samba t. With prices fallen so low, few are prepared to sell their assets if it can be avoided. It is a dead market, says Ed Greenslet, veteran US forecaster. Buyers are trying to fish at the bottom. They are looking for good stuff on the cheap - there is a disconnection between the underlying value and the market price. That gap will only close as traffic recovers. Greenslet adds that forecasts from his ESG Aviation Services consultancy had long projected a recession in the 2001-2003 time period, with consequent falling demand for aircraft old and new. While the drop may be steeper than anticipated, he points out Kfqj Awards whispers: Oscar, Bafta voters on which directors will get their vote
Lucia Recalde LangaricaFurther details about Media Invest, the European Commissions new equity fund, designed to help fund the pos
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owala cup e European Film Forum, held at the San Sebastian International Film Festival on Monday September 20 . We know that public money alone will not suffice to address the transformation of the industry, said Luc铆a Recalde, head of unit audiovisual industry and media support programmes at the European Commission. We have not only proposed, but we are on track to launch an innovative new investment equity platform by the end of the year named Media Invest. The principal is very simple, she continued. Wed like to use public funds to leverage private equity investment in audiovisual and reduce the risk associated in investment in film production and distribution. With an estimated budget of 鈧?00m over seven years, we hope to incentivise private investment in production and distribution companies that want to escalate their activities at European and global level. Stay tuned 鈥?there will be new developments around the end of this year on this. Recalde also urged the industry to think at a continental level in order to emerge stronger from the impact of the Covid-19 pandemic. We need to work together, capitalising on our strengths, notably the diversity of our languages, and taking advantage of the internal market, she said.Recalde pointed to several initiatives of the European Commiss
