The term force majeure as an event generally excusing contract performance under Tandrin Aviation does not include cost increases of performance,loss of anticipated profits or a general economic downturn.

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The statement is true. Force majeure events refer to unforeseeable or uncontrollable events that prevent a party from fulfilling its contractual obligations. However, they typically do not include economic factors such as cost increases or market downturns.

The Term Force Majeure as an Event Generally Excusing Contract