The stronger-than-expected traffic recovery this year in conjunction with the emergence of a thriving low-fare sector in many parts of the globe has contributed to a healthy restoration of demand for new and used transport aircraft, leading to a reduction in the overall number of stored jets and driving up lease rates for the more popular types, experts say. The market is "significantly improved, the US notwithstanding," GE Capital Aviation Services President Henry Hubschman tells ATW, citing a strong market for aircraft throughout the Asia/Pacific, the Middle East and in Europe. "Things are certainly looking up and we see that as being the case in 2005 and certainly 2006, barring some external shock." "This is definitely the best we've seen for three years," agrees Singapore Aircraft Leasing Enterprise MD and CEO Robert Martin.
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