HARD TIMES.

The article focuses on the impact of the credit crisis on the aircraft industry in the U.S. According to Steven Udvar-Hazy, chief executive officer (CEO) of International Lease Finance Corp., the industry has never experienced this phenomenon where there is a recession on a global scale. It states that even if bankers regain their confidence in aircraft lending, they may be under political pressure to shore up housing, consumer credit and an array of broader industrial targets rather than aircraft.