Conf call review notes: Readers Digest version ...

Good stable lease agreements with healthy companies ...
"As of this morning, our accounts receivables more than 30 days outstanding totaled about $420,000. To put it in context, this compares to a monthly rental roll of around $43 million or so."

Additional lease revenue - maybe a few months worth next qrt ???
"we delivered to an affiliate of the Chinese post office the first two of four 737 400 aircraft which have been converted to freighters and put on 10 year leases. We expect to deliver the other two aircraft in the next month or so?

Early execution - this was a 2012 scheduled transaction and moved up - nice sign.... and its funded !!!
"On the new investment side, during the quarter we entered in to a commitment with Avianca to purchase and lease back a second A330-200 which is delivering from Airbus in December"

Statement says a lot ...
"we believe lease rentals may have bottomed out and started increasing. For older generation aircraft, demand continues to be soft. In short, I think we’re through the worst of it."

Next challenge since no debt is due until 2013 ...
"At present we have eight aircrafts coming off lease by the end of next year which we don’t yet have commitments or letters of intent. To put it in context, these aircraft represent about 4% of net book value of our whole fleet."

Page 6 of conf call transcript .....the only discouraging comment I saw reading the transcripts ....
"maintain our current dividend levels through 2010"

Still looking at investment opportunities - companies or assets ... blah, blah questions on the call..