EFTA Document EFTA01461872

12 {, 02 0 !Figure 3: Airline Enterprise Value to 2014E EBIT0AR g > 1:3 a SPAY Caonano Cash 44 Pr los Blass Mahal 0.41•rt ed IA Inoilty I. ong.T•rm Bsort•Torm Op*, ming II. kelabl• Situps is• Rata, Interest /gat SI Other 20146 WI Cann lleket 6125.2014 Ow. Wits Equity 111.1+41 Gobi 0•01 Leas*, Ibtateliles Value incom• nE . BSA Rintal• Rani. EBTOBR ®TOM a 0 O_z 11.1OC Y AMMO% Major NeltiorAs Masks AL10te 596.30 • 686 • 56556 • $0 • 50 • 5721 • $113