Capital financing costs 5,000,000

Additional financing cost

(c) finance costs;

Additional financing cost 71 23

Verification and analysis - financing cost

Conclusions and recommendations - financing cost

(a) Aircraft replacement financing costs

Verification and analysis - financing cost 72 - 75 24 Conclusions and recommendations - financing cost 76 24

The implications for trade financing costs are considerable.

Financing costs had not been included in the calculations.