The deposition altitude of nitrogen oxides and other exhaust species emitted by stratospheric aircraft is a crucial parameter in determining the impact of these emissions on stratospheric ozone. We have utilized a model for the wake of a High-Speed Civil Transport (HSCT) to estimate the enhancements in water and reductions in ozone in these wakes as a function of time. Radiative calculations indicate differential cooling rates as large as -5 K/day at the beginning of the far-wake regime, mostly due to the enhanced water abundance. These cooling rates would imply a net sinking of the wakes of about 1.2 km after three days in the limit of no mixing. Calculated mid-latitude column ozone reductions due to emissions from a Mach 2.4 HSCT would then change from about -1% to -0.6%. However, more realistic calculations adopting moderate mixing for the wake reduce the net sinking to less than 0.2 km, making the impact of radiative subsidence negligible. ¿ American Geophysical Union 1994