gets a royal welcome as thousands cheer her

VicNicSor

Banned
Russian
A commentator's saying:
Paramount News brings you a special coverage of Princess Ann's visit to London, the first stop on her much publicised goodwill tour of European capitals. She gets a royal welcome from the British as thousands cheer the gracious young member of one of Europe's oldest ruling families.
('Roman Holiday', movie)

As here means "while; during the time that" (while she's getting the royal welcome the British cheer her), am I right?
Thanks.
 
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