REPORT AND RECOMMENDATION
GABRIEL W. GORENSTEIN, Magistrate Judge.
Plaintiff GATX Corporation ("GATX") brings this action against defendant Aero Jet Corporate ("Aero") to recover damages and costs stemming from Aero's breach of an agreement for the lease of an aircraft. A default has already been entered against Aero. The only remaining issue is the amount of damages GATX should be awarded.
I. BACKGROUND
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