Bombardier

current market drivers

14

Bombardier Business Aircraft | Market Forecast 2011-2030

Business Jet Market Drivers Business Jet Utilization Historically, business jet utilization is an indication of the overall health of the industry. The Federal Aviation Administration (FAA) and Eurocontrol record the number of take-offs and landings at American and European airports respectively.

Both in the U.S. and in Europe, although utilization levels are not yet back to pre- recession levels, business jet movements continued to improve during 2011, relative to the same period in 2010. In Q1-2011, business jet utilization was up 5% year- over-year in the U.S. and 3% in Europe.

US Business Jet Utilization All business jets, Thousand departures and landings, 2009-2011

European Business Jet Utilization All business jets, Thousand departures and landings, 2009-2011

16% 15%

10% 8% 5%

0%

9%

6% 7% 5% 3%

0%

-12%

-13%

-24%

1,019

-22% -20%

-30%

1,018

1,006

1,001

960

945

927

874

826

133

124

120

113

108

103

100

97

89

Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11

Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11

Departures and Landings ('000)

Departures and Landings Growth YoY (%)

Departures and Landings ('000)

Departures and Landings Growth YoY (%)

Source: FAA.

Source: Eurocontrol.