Epstein Secrets

concerns over the shape of the recovery at Cessna, given significant oversupply, fractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL is our preferred play on business jets. Global Equity Research Americas Aerospace Sector Comment 24 March 2010

DealenBrdcer Financier 59% 17% Note: Other ndudes appraisers, fractional providers. management charter, FBO and MRO service providers. Source: UBS Business Jel Survey N44 The majority of our participants are located in North America (75%), although most transact a significant proportion of their business with for

through September 8, 2006 the percentage band criteria used in the rating system was 10%. Additional Prices: Bombardier Inc., C$4.72 (01 Feb 2012); Embraer, US$28.64 (01 Feb 2012); Source: UBS. All prices as of local market close. UBS 12 EFTA_R1_00225659 EFTA01840660 UBS Business Jet Survey 2 Febni

6: Business Jet Market Survey • Participant Location Lain America 2% Middle East & Africa 2% Europe 21% Asia a Pacific 1% MA Mina 74% Son: UBS Business Jel Survey jE,S 4 EFTA_R1_00225641 EFTA01840642 UN Business at Suntey 2 February2012 While the majority of ow survey participants arc located in the U.S.,

concerns over the shape of the recovery at Cessna, given significant oversupply, fractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL is our preferred play on business jets. Global Equity Research Americas Aerospace Sector Comment 24 March 2010

Dealenfiroker Financier 59% 17% Note: Other ndudes appraisers, fractional providers. management chartee, FBO and MRO service providers. Source: UBS Business Jel Survey N44 The majority of our participants are located in North America (75%), although most transact a significant proportion of their business with for