The estimated useful lives, estimated residual valuesanddepreciationmethodof thefixedassets are reviewed, and adjusted if appropriate, at each balance sheet date.
The reselling of pre-owned jets is big business right now, with depreciationvalues reaching as much as 30% on year of use, particularly in Brazil, where the private aviation market surged by 76% between 2008 and 2010 (according to the National Civil Aviation Agency (ANAC), the Brazilian civil aviation authority), totalling 652 private jets and helicopters legally registered within the agency.