John Priestman IAT Air Cargo Trust ACF.UN-T BUY Apr 02, 2003

A good trust, but Air Canada has created problem.

John Priestman

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DON'T BUY

Risky. Economy means air lines will be cutting back on their leasing spaces when contracts are renewed.

DON'T BUY

There is uncertainty as Air Canada is their biggest customer.

HOLD

There is a growth in cargo generally. 2/3 of their space is in the Vancouver area.

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John Priestman IAT Air Cargo Trust ACF.UN-T BUY Apr 02, 2003

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