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anbaly different Manns United Kingdom and the rest al Europa Except as ~vise specned harem this mesenat is communicated by UBS larme.; a subsdary of OBS AG. to persons sno ae elgtle caneerpartiee P ~tame tisnes and N Only eveialne 10 tutte Semons The ~Nam Glonat hanen bowl net apery tO. and ShOLIO mol b
ae ae Source: JETNET and UBS essmans Global Equity Research Americas Aerospace Sector Comment 10 June 2009 wew.ubs.cornfinvestrrentresearch David E. Strauss Ma st •7.212-7136181 Cristina Fernandez Ma)11 +1-212-713 3321 Darryl Genovesi Associate Analyst •1-212-713-4016 This report has been prepare
roker diedoeure tab-rent is available 01 request and free of charge by wilting to PO Boa 45, Auckland NZ Dubai: The smooth prepared and smuttier' by OBS AG Dubai Branch Intended !Or Professional Chants only and is ea for tiler darbuton «ein the United Ar* Emirates Korea: Lhatettuted in Korea by OSS Sau
Chart 2: Overall Business Conditions Score 100 ; 50 200 iu 1 11./IrnMr - nanglkIna tn :44 0 UBS Business Jet Market Index —' Rel Pte (RHS) 10 David E. Strauss Analyst Pane strausstguts can .1-212-713 6185 Darryl Genovesi Analyst Offs., genovesigute corn .1-212-713 4016 Ryan Thackston Associate Anal
ely ordeal results United Kingdom and the nest of Europe Except as 07ervele spewed herein. tin redone a communicated by UEI$ L anted a subsidiary of OBS AG. to persons an me algae counterpanes or prolostara clients a* is orgy available eo such persons Ile nionnation contained heron door not apply to. an
stabilizing, albeit at record witubs cccruinvestmentresearch high levels both in absolute terms and at IS% of the installed base. While still 55% David E. Strauss above prior year levels, available business jet inventories were roughly unchanged Aratyst sequentially in May including a 1% decline in young ava
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UBS AG
ORGANIZATIONDoug Band
PERSONDarryl Genovesi
PERSON
Review
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONCore Banding Exceptions
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATIONthe Valuation and Risk
ORGANIZATIONUBS Securities LLC
ORGANIZATIONUBS Business Jet
ORGANIZATIONEmbraer
ORGANIZATIONGlobal Equity Research
ORGANIZATIONTextron Inc.
ORGANIZATIONShort-Term Ratings
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Textron
ORGANIZATIONCessna
ORGANIZATIONEspana SV
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Cristina Fernandez
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New Zealand
LOCATIONDassault
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