planes worth almost 2billion market cap 500m, page-13

Capman

"the value vba's propert plant and equipment is less than their liabilities so in the context of the argument the $1.96 billion is NOT significant when compared to liabilities totalling $2.1 billion."

I agree with that part.

"i also disagree that in the present climate the market for used aircraft attracts a premium to those off the factory floor".

I never said they attract a premium to those off the factory floor. The market has added a premium to used aircraft based on the fact that the waiting list for new modern aircraft is significant. Those who dotn like waiting (Abramovic) pay a premium to the aircrafts real value.