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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 prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAG
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1./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 Analyst ryan Macaston@ubs corn .1412413 3321 4; fl $7 .' 7 a' ing
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te average asking prices for most young aircraft models have now fallen 30-40% froni peak levels, with pricing down another 3-4% in the past month. Darryl Genovesi While our survey of industry professionals suggests some incremental interest at Associate Analyst these levels, we think record high used availab
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UBS AG
ORGANIZATIONDoug Band
PERSONCore Banding Exceptions
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATIONthe Valuation and Risk
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Review
ORGANIZATIONDavid E. Strauss
PERSONUBS Securities LLC
ORGANIZATIONCessna
ORGANIZATIONTextron Inc.
ORGANIZATIONShort-Term Ratings
ORGANIZATIONEmbraer
ORGANIZATION
Textron
ORGANIZATIONGlobal Equity Research
ORGANIZATIONUBS Business Jet
ORGANIZATIONEspana SV
ORGANIZATION
Cristina Fernandez
PERSON
New Zealand
LOCATIONDassault
ORGANIZATION