This report analyzes the worldwide markets for Aircraft, Engines, Parts & Equipment Industry in Units. The major product segments analyzed are Commercial Aircraft (Wide Body Aircraft & Narrow Body Aircraft), General Aviation (Single Engine Piston & Multi-Engine Piston, & Others (Incl. Turboprops, Jets and Civilian and Commercial Helicopters). Military Aircraft (Incl. Helicopters), and Engines and Parts (Military & Non-Military). The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Annual forecasts are provided for each region for the period of 2000 through 2015. The report profiles 240 companies including many key and niche players worldwide such as American Champion Aircraft Corporation, ATR, BAE Systems, Bell Helicopter Textron Inc., Bombardier Inc., CFM International, Inc., Cirrus Design Corporation, Diamond Aircraft Industries Inc., Embraer-Empresa Brasileira de Aeronáutica S.A., European Aeronautic Defense and Space Co., Airbus S.A.S., EADS Socata, Eurocopter SA, GE Aviation, Hawker Beechcraft Corporation, Ilyushin Aviation Complex JSC, International Aero Engines, IRKUT Corporation, Lancair International Inc., Lockheed Martin Corp., MD Helicopters Inc., NH Industries, Pilatus Aircraft Ltd., Piper Aircraft, Inc., Pratt & Whitney, Raytheon Co., Rolls-Royce plc, RUAG Aerospace, Snecma SA, Stork Aerospace Industries, Stork Fokker AESP, S.A.B.C.A., and The Boeing Company. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

Table of Contents

AIRCRAFT, ENGINES, PARTS & EQUIPMENT INDUSTRY        MCP-4102
A GLOBAL STRATEGIC BUSINESS REPORT


                                            CONTENTS


  I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       Scope                                                            I-3
        Regional Markets                                                I-4
        Product Segments                                                I-4
       Product Definitions                                              I-4
        Commercial Aircraft                                             I-4
         Narrow Body Aircraft                                           I-5
         Wide Body Aircraft                                             I-5
        General Aviation Aircraft                                       I-5
         Turboprops                                                     I-5
         Ultra Light Aviation                                           I-5
         Rotorcraft                                                     I-5
        Military Aircraft                                               I-5
        Engines and Parts                                               I-5


 II. EXECUTIVE SUMMARY

  1. Current & Future Analysis                                          II-1
      New Commercial Aircraft Deliveries by Region                      II-1
       Table 1: New Commercial Aircraft Market Worldwide
       (2000-2010): Geographic Regions (North America,  Europe,
       Asia-Pacific, Middle East, Africa, and  Latin America) Ranked
       by Growth (includes  corresponding Graph/Chart)                  II-1
      New Commercial Aircraft Deliveries by Product  Group/Segment      II-1
       Table 2: New Commercial Aircraft Market Worldwide
       (2000-2010): Product Groups/Segments - Passenger  Aircraft
       (70 & 85 Seaters, 100-175 Seaters, 210 & 250 Seaters, 300,
       350 & 400 Seaters, > 400 Seaters), and  Cargo Aircraft (<30
       Tons, 30-50 Tons, 50-80 Tons,  and >80 Tons)- Ranked by
       Growth (includes  corresponding Graph/Chart)                     II-2
      New Commercial Passenger Aircraft Deliveries by Region            II-2
       Table 3: New Commercial Passenger Aircraft Market Worldwide
       (2000-2010): Geographic Regions  (North America, Europe,
       Asia-Pacific, Middle East,  Africa, and Latin America) Ranked
       by Growth  (includes corresponding Graph/Chart)                  II-3
      Aircraft, Engines, Parts & Equipment Market                       II-3
       By Region                                                        II-3
        Table 4: Worldwide Aircraft, Engines, Parts &  Equipment
        Market (2000-2010): Geographic Regions (North America,
        Europe, Asia-Pacific, Middle East/Africa, and Latin America)
        Ranked by Growth (includes corresponding Graph/Chart)           II-3
       By Product Group/Segment                                         II-4
        Table 5: Worldwide Aircraft, Engines, Parts & Equipment
        Market (2000-2010): Product Groups/Segments - Commercial
        Aircraft (Wide Body Aircraft and Narrow  Body Aircraft),
        General Aviation (Single Engine Piston,  Multi-Engine
        Piston, and Others), Military Aircraft (Including
        Helicopters), Engines and Parts (Military  and
        Non-Military)- Ranked by Growth (includes  corresponding
        Graph/Chart)                                                    II-4

  2. Market Trends                                                      II-5
      General Aviation Market - Back with a Bang                        II-5
       Table 6: World General Aviation Market (2005-2007):
       Percentage Breakdown of Airplane Shipments by Type - Single-
       Engine Piston, Business Jets, Turboprops and Multi- Engine
       Piston (includes corresponding Graph/Chart)                      II-5
      Air Transport Industry Re-bounces                                 II-5
      Aircraft Industry Mirrors Trends in Air Travel                    II-6
      Low Cost Carriers on an Upsurge...                                II-6
      Increasing Fuel Cost Invigorating New Aircraft Deliveries         II-6
      Consolidation - A Prominent Trend                                 II-7
      Defense Spending on the Rise                                      II-7
      Fractional Ownership - An Emerging Business Option                II-7
      Business Flying Expanding Phenomenally                            II-8
      Asia-Pacific - Offering High Growth Potential                     II-8
      Passenger Fleet Revs up the Engine of Growth                      II-9
      Engine Market - Mirroring the Growth                              II-9
       Opportunities for Engine Manufacturers                           II-10
      Regional Tensions Flare up Military Aircraft Sales                II-10
       Military Transport Aircraft Production Expected to Rise          II-10
      Helicopters - Braving Winds of Turbulence                         II-11
      Aircraft Leasing: Mainstay for Emerging Asian  Aviation Industry  II-11
       Finance or Capital Lease                                         II-11
       Operating Lease                                                  II-12
      Environmental Issues - Increasing Focus                           II-12
      Prominent Trends - By Geographic Market                           II-12
       North America                                                    II-12
       Europe                                                           II-12
       Asia Pacific                                                     II-13
      Other Trends                                                      II-13
      Regulatory Trends in the Aircraft Industry                        II-13

  3. Competitive Analysis                                               II-14
      Global Demand Forces                                              II-14
      Factors affecting Commercial Aircraft Purchasing  Decision        II-15
      Commercial Aircraft                                               II-15
      30-60 Seater Jets                                                 II-15
      Business Jets                                                     II-15
       Classification based on MTOW                                     II-15
        Table 7: Business Jet Classification based on MTOW  ('000
        Lbs) & Typical Range (Nautical Miles) - Small (Entry, Light,
        & Light Medium), Medium, Large  (Long Range & Very Long
        Range)                                                          II-15
      Competitive Scenario                                              II-16
       Table 8: World Business Jet Aircraft Market (2005 & 2006):
       Market Share of Leading Players Based on Aircraft  Deliveries
       for Cessna, Bombardier, Raytheon,  Gulfstream, Dassault,
       Embraer, and Others  (includes corresponding Graph/Chart)        II-16
      General Aviation                                                  II-17
       Table 9: World General Aviation Market (2005-2007): Market
       Share of Leading Players Based on Unit Sales for Cessna,
       Cirrus Design, Diamond Aircraft, Hawker Beechcraft /
       Raytheon, Piper Aircraft, Bombardier, Columbia Aircraft,
       Gulfstream, Pilatus, Mooney Aircraft, and Others  (includes
       corresponding Graph/Chart)                                       II-17

       Table 10: World General Aviation Market (2005-2007): Market
       Share of Leading Players Based on Value Sales for Bombardier,
       Gulfstream, Cessna, Dassault Falcon Jet, Hawker Beechcraft /
       Raytheon, Embraer, Airbus, Pilatus, Cirrus Design
       Corporation, Boeing Business Jets,  and Others (includes
       corresponding Graph/Chart)                                       II-18
       Piston Airplanes                                                 II-19
        Table 11: World Piston Airplane Market (2005 & 2006):
        Percentage Breakdown of Shipments From Leading Manufacturers
        - Cessna, Cirrus Design, Diamond Aircraft, Piper Aircraft,
        Columbia Aircraft (formerly Lancair), Raytheon, Mooney,
        American Champion, and Others (includes corresponding
        Graph/Chart)                                                    II-19
       Turboprops                                                       II-20
        Table 12: World Turboprop Airplane Market (2005 & 2006):
        Percentage Breakdown of Shipments from  Leading
        Manufacturers - Cessna, Piaggio, Pilatus,  Piper Aircraft,
        Raytheon, and Socata EADS  (includes corresponding
        Graph/Chart)                                                    II-20
      Helicopter Market in the Recent Past                              II-21
       Civil Helicopters                                                II-21
        Table 13: Leading Manufacturers in the Global Civil
        Helicopter Market (2003 & 2005): Percentage  Breakdown of
        Player by Sales Volume - Eurocopter,  Bell, MD Helicopters,
        Euro/Kawasaki, Agusta,  Sikorsky, and Others (includes
        corresponding  Graph/Chart)                                     II-21
       Military Helicopters                                             II-22
        Table 14: Leading Manufacturers in the Global Military
        Helicopter Market (2003 & 2005): Percentage  Breakdown of
        Player by Sales Volume - Boeing,  Sikorsky, Eurocopter,
        Agusta, Bell, NH, and Others (includes corresponding
        Graph/Chart)                                                    II-22
      Military Aircraft Market in the Recent Past                       II-23
       Table 15: World Military Aircraft Market (2004 & 2005):
       Market Share of Leading Players Based on Value Sales  for
       Lockheed Martin, Eurofighter, Boeing, Sukhoi,  Dassault, SAAB
       and Others (includes  corresponding Graph/Chart)                 II-23
      Aircraft Engines Market in the Recent Past                        II-24
       Table 16: Leading Engine Suppliers to Large and  Regional
       Aircraft (2003-2005): Percentage Breakdown  of Value Sales by
       Company - Pratt & Whitney,  GE, Rolls Royce, and Others
       (includes  corresponding Graph/Chart)                            II-24
       By Category                                                      II-24
        Regional Aircraft                                               II-24
        Narrow Bodies                                                   II-24
        Wide Bodies                                                     II-24
       By Model Type                                                    II-25
        Airbus 330                                                      II-25
        Boeing 777                                                      II-25

  4. Airbus Vs Boeing - A Strategic Insight into the  Latest Dispute    II-26

  Airbus and Boeing- Battle of Skies Spills Over W.T.O                  II-26
      Implications of Case                                              II-26
      Dispute- At its Grassroot Level                                   II-26
      Can W.T.O Find a Way Out?                                         II-27
      Out of Court Settlement-A Possible Alternative?                   II-27

  5. Technological Trends                                               II-28
      Current Icing Potential-A Tool to Prevent In-Flight Icing         II-28
      NASA Develops a New Acoustic Control Technique                    II-28
      Diesel - A Substitute to Avgas                                    II-28

  6. Industry Overview                                                  II-30
      Aircraft Industry Structure and Organization                      II-30
       Quality Approvals                                                II-30
       Industry Work Force                                              II-30
      Aircraft Industry Evolution: A Historical Account                 II-30
      Boeing-Mc Donnell Douglas Merger                                  II-31
       Why McDonnell Douglas?                                           II-32
      Another Feather in Boeing's Cap                                   II-33
      Aerobatics and Aircraft Design: A Preview                         II-33
      Aeronautical Systems: An Insight into the Future                  II-34
       Advanced Subsonic Transports and Military Aircraft               II-34
       Supersonic Aircraft                                              II-34
       Hypersonic/Transatmospheric Vehicles                             II-34
      Price Dynamics Vis-À-Vis Discounts: Supply  Side Economics        II-35
      Research & Development in Aircraft Industry                       II-36
       R&D - A Necessity in Aircraft Industry                           II-36

  7. Global Aerospace Market: An Overview                               II-37
      US Rules the Global Aerospace Market                              II-37
      European Aerospace Industry                                       II-37

  8. Product Overview                                                   II-39
      Commercial Aircraft                                               II-39
       Narrow Body Aircraft                                             II-39
       Wide Body Aircraft                                               II-39
      General Aviation Aircraft                                         II-39
       Turboprops                                                       II-39
       Ultra Light Aviation                                             II-39
       Rotorcraft                                                       II-39
      Military Aircraft                                                 II-40
      Engines and Parts                                                 II-40

  9. Recent Industry Activity                                           II-41
      Airbus Delivers First A380 Aircraft                               II-41
      GKN Acquires TAMG Operations from Teleflex                        II-41
      Textron to Acquire United Industrial Corp                         II-41
      GlobeTel Signs LoI to Acquire 50% Stake in  TAO Technologies      II-41
      Saudi Arabia Signs Agreement with BAE Systems  to Acquire
       Eurofighter Jets                                                 II-42
      Sikorsky Aircraft Acquires PZL Mielec                             II-42
      GE Acquires Smiths Aerospace                                      II-42
      Terra Firma Acquires Pegasus Aviation                             II-43
      Viva International Takes Over River Hawk Aviation                 II-43
      Eaton Acquires Argo-Tech                                          II-43
      AMETEK Takes Over Advanced Industries                             II-43
      BBA Aviation Takes Over Commercial Aircraft  Products             II-44
      Meggitt Takes Over K&F Industries                                 II-44
      Garmin Takes Over Nautamatic Marine                               II-44
      Paradigm Precision Takes Over Palmer Manufacturing                II-44
      Donaldson Takes Over Aerospace Filtration Systems                 II-44
      Boeing to Take Over Sisu Services                                 II-45
      Gales Industries to Take Over Welding Metallurgy                  II-45
      BBA Aviation Acquires Commercial Aircraft Products                II-45
      Amtek Auto to Acquire UK Aircraft Parts Manufacturer              II-45
      TransDigm Takes Over Aviation Technologies                        II-45
      Global Aero Logistics Concludes Acquisition of World  Air
       Holdings                                                         II-46
      ABN AMRO Capital Acquires Dunlop Aircraft Tyres                   II-46
      Fokker Services Takes Over Aerotron AirPower                      II-46
      SAS Takes Over Spanair                                            II-46
      GE Aviation Bags US$70 Million Order from  Uzbekistan Airways     II-46
      Standard Aero and P&WC Enter into 5-year Agreement                II-46
      BOC Signs Purchase Agreement with IAE                             II-47
      Shaanxi Aircraft and Antonov Sign Agreement to  Form a Joint
       Venture                                                          II-47
      Pratt & Whitney Bags US$330 Million Order from  Tiger Airways     II-47
      CATIC and Chengdu Sign Subcontracting Agreement  with Vought      II-47
      L&T Enters into Partnership with EADS and Boeing                  II-47
      China Eastern Airlines Signs Purchase Agreement  with Airbus      II-48
      NAS to Purchase 98 Aircraft                                       II-48
      Etihad Signs Contract with Airbus                                 II-49
      Aeroflot and Airbus Sign MoU                                      II-49
      Jet Airways Signs Purchase Agreement with Boeing                  II-49
      Pratt & Whitney to Expand Operations in India                     II-49
      GE to Transform Walter into International Aircraft  Engine Center II-49
      Saturn and Salyut Receive Government Funding to  Develop
       Aircraft Engine                                                  II-50
      Shenyang Liming Enters into an Agreement with GE                  II-50
      AVIC I and Bombardier Sign MoU and R&D  Agreements                II-50
      Pratt & Whitney Obtain Engines Supply Order from  Flyington
       Freighters                                                       II-51
      Tiger Airways Orders V2500 Engines from IAE                       II-51
      Russian Air Force Places Orders for Aircraft Engines  with
       Motor Sich                                                       II-51
      Rolls-Royce Signs Supply Contract with ILFC                       II-52
      Thielert Obtains Centurion Engines Supply Order  from Cessna
       Aircraft                                                         II-52
      Klimov to Expand Aircraft Engines Assembly                        II-52
      Perm to Step Up PS-90 Engine Production                           II-52
      IAE Receives Aircraft Engines Supply Order from  Mandala Airlines II-53
      Rolls-Royce Bags Aircraft Engines Supply Order  from Kingfisher   II-53
      TAM Linhas Inks an Agreement with Pratt & Whitney                 II-53
      Avianca Signs an Agreement with Rolls-Royce                       II-53
      Aeroflot Enters into a Purchase Agreement with  Rolls-Royce       II-54
      Rolls-Royce Secures Orders from Qatar Airways                     II-54
      Perm Engine Signs a Contract with Ilyushin Finance                II-54
      Rolls-Royce Bags Freighter Engines Order from GAP                 II-54
      US Air Force Awards Contract to Pratt & Whitney                   II-54
      Safran-Group Collaborates with Saturn to Produce  Aircraft
       Engines                                                          II-54
      PBSVB Starts Manufacture of Jet Engines                           II-55
      Rosoboronexport Signs Agreement with HAL                          II-55
      Air China to Purchase Aircraft Engines from CFM                   II-55
      Pratt & Whitney Pens Agreement with Northrop for  Aircraft
       Engines                                                          II-55
      IAE International to Enhance V2500 Aircraft Engines               II-56
      Volvo Aero Teams with Swedish Government to  Devise Aircraft
       Engines                                                          II-56
      Aero Vodochody Signs €36 Million Contract with  Groupe Latecoere  II-56
      AeroVironment Bags Contract from USSOCOM                          II-56
      Boeing Supplies First Super Hornet EA-18G Aircraft  to US Navy    II-57
      Sukhoi to Expand into the Global Civil Aircraft Market            II-57
      DRDO to Enter into Joint Venture Agreement for  Developing UAVs   II-57
      OJSC Hydromash Signs Joint Venture Agreement  with Liebherr
       Aerospace                                                        II-57
      CGTM Bags Helicopter Equipment Supply Contract  from Maverick     II-57
      Goodrich Bags Helicopter Equipment Contract from  Sikorsky
       Aircraft                                                         II-58
      Lockheed Martin Bags Contract for Apache Helicopter  Support      II-58
      Rolls-Royce Bags Supply Order for 68 Turbomeca  RTM322 Engines    II-58
      Kamov Signs Contract to Supply Medium  Multipurpose Helicopter    II-58
      Rolls-Royce and MD Helicopters Enter into a MoU                   II-59
      DRS Technologies Bags Contract from Raytheon                      II-59
      Boeing to Sell Chinook Helicopters to India                       II-59
      Raytheon Sells Aircraft Subsidiary to Hawker Beechcraft           II-59
      Lockheed Martin Receives Approval for Advanced  Cargo Aircraft    II-60
      Airbus Signs MoU Agreement with Grupo Marsans                     II-60
      Mitsubishi Launches New Line of Regional Jets                     II-60
      Genesis Lease to Acquire Eight Aircraft from  GE Commercial       II-60
      Elbit Systems Secures a Contract from Spirit  AeroSystems         II-61
      Volga-Dnepr to Purchase Three Ilyushin Cargo Aircraft             II-61
      ACT Airlines to Buy Two Airbus Freighters                         II-61
      ASTAR Air Cargo to Acquire Two Aircraft                           II-61
      Japan Airlines to Add Four Boeing Cargo Planes                    II-62
      Israel Aerospace to Build Passenger Planes in India               II-62
      Japan Airlines to Acquire Small Passenger Jets  from Embraer
       of Brazil                                                        II-62
      M&M and NAL Enter into an Agreement                               II-62
      Cessna to Expand Presence in Georgia                              II-62
      Asian Composites Receives Order from FACC  of Austria             II-63
      Spectrum and L-3 Communications Ink a Five Year  Agreement        II-63
      Air France-KLM Group's Subsidiaries Order Jets  from Embraer      II-63
      Dunlop Aerospace Secures a Deal for the Supply of  Vital
       Components                                                       II-63
      Boeing Awards Contracts to Chinese Suppliers                      II-64
      Honda Aero to Set up New Plant in North Carolina                  II-64
      Bharat Forge to Establish Aircraft Parts Facility                 II-64
      ABX Air to Acquire Boeing 767 Aircraft from  Air China            II-65
      Ametek Acquires Advanced Industries and B&S Aircraft              II-65
      Onex to Divest Stake in Spirit Aero                               II-65
      Friuli and Winnstal to Enter into an Alliance                     II-65
      Goodrich Aerostructures Obtains a Contract from  the U.S. Air
       Force                                                            II-66
      China Aviation to Establish a New Aircraft Parts Unit             II-66
      Raytheon Obtains Contract from the U.S. Air Force                 II-66
      Airbus forms a Joint Venture in China                             II-66
      HAL forms a Joint Venture with Russian Aerospace Firm             II-66
      Eurofighter Extends Ties With Norway                              II-67
      Boeing Inks Co-Operative Agreement with  United Aircraft          II-67
      Pratt & Whitney Forms Partnership to Develop  Geared Turbofan
       (GTF) Engines                                                    II-67
      easyJet to Launch Advanced Eco-Friendly Jet                       II-67
      Boeing Receives US$1.5 Billion Order from the  US Army            II-67
      L-3 Communications Bags US$2 Billion Contract                     II-67
      FAX Awards US$2.62 Billion Order to Airbus                        II-67
      TUI Awards US$4.7 billion Order to Boeing                         II-68
      Qatar Airways Places a Mega Order with Airbus                     II-68
      ILFC Places Order with Boeing                                     II-68
      Airbus Wins Order from CIT Group                                  II-68
      Air France - KLM Group to Acquire Boeing Aircraft                 II-68
      Jet Airways To Acquire 13 ATR 72-500 Aircraft                     II-68
      Singapore Airlines Places Order for 20 Airbus Aircraft            II-68
      Colombian Air Force to Receive 15 Sikorsky  Black Hawk
       Helicopters                                                      II-68
      Aer Lingus to Buy 12 Airbus Aircraft                              II-69
      Pratt & Whitney Receives US$75 Million Order                      II-69
      Heli-One Secures Lease Contract from Swedish Firm                 II-69
      Airbus Bags TAM's US$5.4 Billion Contract                         II-69
      Airbus Receives Major Order from Tiger Airways                    II-69
      easyJet Places Order for 35 More A319s                            II-69
      Hong Kong Airlines to Invest US$ 5.6 Billion on  New Aircraft     II-69
      US Airways Places Order with Airbus                               II-70
      Airbus Receives Order from Aircastle                              II-70
      Afriqiyah Airways Orders 11 New Aircraft                          II-70
      Kingfisher Places Order for 50 Airbus Aircraft                    II-70
      Flybe Enters into Agreement with Bombardier                       II-70
      Philippine Airlines to Acquire Boeing 777s Aircraft               II-70
      ALAFCO Inks Purchase Agreement with Boeing                        II-70
      Bombardier Bags New Order                                         II-70
      NetJet to Acquire 32 Hawker Aircraft                              II-71
      Airbus and Chinese Consortium Sign a Joint Venture  Agreement     II-71
      Mandala Airlines Inks Contract with Airbus                        II-71
      CIT Enters into Contract with Airbus                              II-71
      Libyan Airlines Places Order for 15 Airbus Aircraft               II-71
      Intrepid Aviation Places Order for 20 A330-200Fs                  II-71
      GECAS to Expand Fleet of A320 Family Aircraft                     II-72
      Jazeera Airways to Purchase 30 A320 Aircraft                      II-72
      S7 Group to Acquire 25 Airbus A320 Aircraft                       II-72
      Avianca to Acquire 70 Airbus Aircraft                             II-72
      Spirit Places Order for 30 Airbus A319s                           II-72
      Delta Air Lines Orders 14 Bombardier CRJ900  Regional Jets        II-72
      Bombardier, TAG and Echo Ink a Contract for  Global Express
       XRS Jet                                                          II-73
      Lufthansa Orders for 15 CRJ900 Jets                               II-73
      Horizon Air to Expand its Fleet of Q400 Aircraft                  II-73
      Pinnacle Airlines to Acquire 15 Bombardier Q400  Aircraft         II-73
      Triumph Group Acquires Allied Aerospace Industries                II-73
      HEICO Acquires Majority Stake in Prime Air                        II-74
      Oak Hill Capital Partners Acquires Primus International           II-74
      HEICO Acquires Arger Enterprises                                  II-74
      L-3 Communications Acquires Crestview Aerospace                   II-74
      Boeing Acquires Aviall                                            II-74
      Triumph Acquires Excel Manufacturing                              II-75
      AerCap Completes AeroTurbine Acquisition                          II-75
      Firstmark Acquires Aircraft Belts                                 II-75
      RBC Bearings Takes Over All Power Manufacturing                   II-75
      International Energy Takes Over Beta Fluid Systems                II-75
      Ducommun Takes over CMP Display Systems                           II-76
      BE Aerospace Acquires Dräger Aerospace                            II-76
      Esterline Technologies Acquires FR Countermeasures                II-76
      GE Fanuc Acquires Technology Assets from Condor  Engineering      II-76
      Meggitt Acquires Keith Products                                   II-76
      Distribution Management to Take Over Military  Air Parts          II-77
      Terra Firma Takes Over AWAS                                       II-77
      K&F Industries Takes Over Nasco Aircraft Brake                    II-77
      Admiralty Partners Acquires Stake in Pankl Aerospace              II-77
      Sikorsky to Acquire PZLSp zoo                                     II-77
      PPG Acquires Sierracin                                            II-78
      Thielert Acquires Superior Air Parts                              II-78
      GECAS Acquires The Memphis Group                                  II-78
      Piaggio to Acquire Interest in P&WC Turbo Engines                 II-78
      Carlyle Acquires Majority Stake in Wesco                          II-78
      AAI Corp. Acquires Aerosonde                                      II-78
      Kollsman Acquires Minority Interest in Sandel Avionics            II-79
      Macquire Bank Acquires GATX Air                                   II-79
      EADS Acquires 100% Stake in Airbus                                II-79
      Velocity Aerospace Acquires Velocity Aircraft                     II-79
      Spirit AeroSystems Closes Acquisition of BAE  Aerostructures      II-79
      Dalavia Acquires Six Superjet-100 Airplanes                       II-80
      IAE Bags Order from Southern Airlines                             II-80
      Shanghai Airlines and GE Aviation Sign Agreement                  II-80
      AirUnion Enters into an Agreement with Sukhoi                     II-80
      Alenia Aeronautica to Supply C-27J Military Aircraft  to Romania  II-80
      Korean Air Signs a Contract with Boeing to  Purchase 25
       Aircraft Asia Pacific                                            II-80
      Nur-avia Signs Purchase Agreement with Bombardier  Aerospace      II-81
      Xi'an Phoenix to Supply General Aircraft to Argentina             II-81
      Airbus to Supply 170 Airbus Aircraft to China                     II-81
      Embraer to Supply Phenom Jets to US Magnum Jet                    II-81
      TAM Acquires 37 Aircraft from Airbus                              II-82
      Alenia and Finmeccanica to Supply Military Aircraft  to Lithuania II-82
      Aerosud Bags Contract from BAE                                    II-82
      Sokol to Supply MiG-29UB Aircraft                                 II-82
      Xi'an Aircraft Inks Supply Contracts                              II-83
      Tekhnospetsstal Engineering Inks a Supply Contract  with TAPOiCh  II-83
      Shandong Airlines to Acquire Boeing Aircraft                      II-83
      Sanyo Tekko to Invest in Aircraft Parts Facility                  II-83
      BAE Systems Secures a Contract to Re-engineer  Obsolete
       Aircraft Parts                                                   II-84
      CPI Aerostructures Bags New Contract                              II-84
      China Aviation Companies to Establish Joint Venture               II-84
      Volvo Aero and P&W Enter into a Partnership                       II-84
      AirAsia Signs Agreements with CFM and GE                          II-85
      Willis Lease to Acquire New Spare Aircraft Engines  from CFM
       International                                                    II-85
      Boeing Bags Contract to Build Helicopters for US  Air Force       II-86
      Eurocopter and Chinese Company to Jointly  Develop New Helicopter II-86
      Russia Signs Contract to Supply Engines for India's  Unmanned
       Aircraft                                                         II-86
      Turbomeca and Rolls-Royce Renew Agreement  for Helicopter Engine  II-86
      Eurocopter and HAL to Jointly Produce Helicopters                 II-87
      HAL and Israel Aircraft Industries to Establish  Joint Venture
       Company                                                          II-87
      Embraer Establishes Joint Venture with CAE                        II-87
      ST Engineering Inks a Partnership Deal with  Adam Aircraft        II-87
      Boeing Bags Order for AH-64D Apache Longbows                      II-88
      Airbus to Supply Aircraft to Skybus                               II-88
      Indian Air Force to Acquire Mi-17 Ivs                             II-88
      Boeing Wins Contract from Singapore Airlines                      II-88
      FedEx Express Turns to Boeing                                     II-88
      GoAir Places Order for 20 Airbus A320s Aircraft                   II-88
      Greece Places Order for Lockheed F-16s                            II-88
      Indian Airlines to Acquire 43 Airbus Aircraft                     II-89
      Raytheon Receives Largest Order from NetJets                      II-89
      Airbus Receives Order from Kingfisher                             II-89
      Airbus Bags TAP Portugal's Order                                  II-89
      Snecma Merges with Sagem                                          II-89
      Rockwell Collins Acquires TELDIX GmbH                             II-89
      Saab Avitronics Bags Aircraft Equipment Order from  Smiths
       Aerospace                                                        II-89
      AVION Acquires Four Boeing 777 Freighters                         II-89
      US Airways Sells Embraer Regional Jet Aircraft  and Slot Assets   II-90
      Japan and French Companies inks an Agreement for the
       Development of Supersonic Aircraft                               II-90
      EAB and Finmeccanica Inks an Agreement for  Aircraft Parts        II-90
      Astronics Bags Two FAA Development Contracts                      II-90
      Boeing's C-32A Aircraft Replaces VC-137 Aircraft                  II-90
      GE Transportation Acquires Aircraft Parts Corp.                   II-91
      GKN Aerospace Chem-tronics Inc. Bags US Contract  to Supply
       Assemblies                                                       II-91
      Commander Premier Aircraft Corporation Buys  Commander
       Aircraft Corp                                                    II-91
      Agusta Westland Bags Contract from Sea King  Helicopter           II-91
      Sukhoi Inks Agreement with HAL                                    II-91
      India and Russia Ink US$350-million Defense Contract              II-91
      Airbus Bags US$2.2billion Contract from Indian  Airlines          II-91
      Boeing Pockets US$2.6billion Contract from China                  II-92
      Boeing Bags Contract from Air-India                               II-92
      MD Helicopters (MDHI) Gets New Owner                              II-92
      AvCraft's German Subsidiary Files for Bankruptcy                  II-92

  10. Strategic Developments in the Recent Past                         II-93
      Finmeccanica Acquires Remaining Shares of  Agusta Westland        II-93
      AAR Cargo Systems Bags Contract for Cargo  Handling Systems       II-93
      Northrop Grumman Bags Contract from US Department  of Homeland
       Security                                                         II-93
      Volvo Aero Inks Contract with GE                                  II-93
      Boeing Divests Structural Components Factories                    II-93
      Boeing Phases Out 757 Commercial Aircraft                         II-94
      Honeywell Selects Quantum3D, Inc. for IData                      II-94
      Honeywell Bags Order from Boeing                                  II-94
      Hamilton Sundstrand Receives Order from Boeing                    II-94
      Schweizer Bags Contract for Training Helicopters from
       Helicopter Adventures                                            II-94
      Honda Partners with GE to Market Small Aircraft  Engines          II-94
      Airbus Bags Military Aircraft Contract from South  African
       Government                                                       II-94
      Snecma Moteurs Joint Ventures with NPO Saturn to  Form VolgAero   II-94
      Aeroflot Sells Few of its I1-76 Cargo Aircraft                    II-95
      Aviant Restarts Military Cargo Plane Project                      II-95
      Cathay Pacific Airlines Expands Freighter Fleet                   II-95
      GE Aircraft Engines Bags Maintenance Contract from  Shenzhen
       Airlines                                                         II-95
      Hindustan Aeronautics Ltd. Ties Up with Russian-Irkutsk
       Aviation Corporation                                             II-95
      Iran Air Tour Company Buys 22 Passenger Aircraft  from China      II-95
      Salyut Wins Contract to Supply Aircraft Engines  to China         II-95
      Turbomeca Africa Establishes Aircraft Components  Production
       and Maintenance Plant                                            II-96
      Roxboro Group Sells Weston Group to Esterline  Technologies       II-96
      Saab Aerospace Restructures its Business Operations               II-96
      Teijin Seiki Co. Ltd. and NABCO Ltd. Integrate to  Form
       Nabtesco Corp                                                    II-96
      Bankrupt Fairchild Divests Dornier Business Line                  II-96
      Cessna Aircraft Selects Pratt & Whitney Engine for its  New
       Business Jet                                                     II-96
      Italian and Indian Governments Venture to Construct  Maritime
       Aircraft                                                         II-97
      Praxair Surface Technologies Expands Agreement  with GE
       Aircraft Engines                                                 II-97
      U.S. Defense Department Inks an Agreement  with NASA              II-97
      MTU Aero Engines Enters into an Agreement  with GE Aircraft
       Engines                                                          II-97
      Turbomeca in an Agreement with HAL                                II-97
      Lockheed Bags Contract from U.S. Air Force  and Marine Corps      II-97
      Lockheed Martin Hives off its Stake in GAMECO  to Hutchison
       Whampoa                                                          II-97
      Sikorsky Unveils New Heavy-lift Rotorcraft Concept                II-98
      Intel Forms a Joint Venture with Boeing                           II-98
      Air Sahara Inks Agreement with Lufthansa for Fleet  Maintenance   II-98
      Qantas Opts Boeing to Supply 15 New Aircraft                      II-98
      Embraer Bags US$420 Million Contract                              II-98
      Varig Establishes its Subsidiary VEM                              II-98
      Boeing Establishes a New Unmanned System Unit                     II-98
      ACAC opts GE Engine to Power AR J21                               II-99
      Japan Aircraft Manufacturing Co. Changes its  Name as NIPPI Corp. II-99
      Rockwell Collins Acquires Airshow Inc.                            II-99
      GE Pockets Unison Industries                                      II-99
      Sikorsky Takes Over Derco                                         II-99
      Advanced Aerodynamics Purchases Mooney                            II-100
      GE Aircraft Forms a Joint Venture with Lockheed                   II-100
      Thales Ventures with Gulf Aircraft Maintenance Co                 II-100
      Raytheon Divests Aircraft Modification and  Integration Business  II-100
      Denel and Turbomeca Ink Agreement                                 II-100
      Microvision Signs an Agreement with Liberty  Aerospace            II-100
      Microvision Inks an Agreement with PCFlightsystems                II-101
      Woodward and GE Aircraft Engines Sign Long-Term  Agreement        II-101
      GE Aircraft Strikes a Deal worth US$15 Million                    II-101
      Mitsubishi Assigns Contract to Lockheed                           II-101
      Chengdu Bags Contract from Dassault Co                            II-101
      Israel Aircraft Industries in a Contract with Airborne
       Express and GE Capital                                           II-102
      Samsung Techwin Wins Contracts from Rolls Royce  and Honeywell    II-102
      Airbus Espana Awards Contract to Gamesa                           II-102
      Japan Airlines Awards US$72 million Order to  GE Aircraft Engines II-102
      GEAE Wins Orders from Jet Airways and All  Nippon Airways         II-102
      Boeing Bags US$5 Million Contract                                 II-102
      KLM Places Order with GEAE                                        II-102
      Tiny Aerosonic Receives Contract from Pentagon                    II-103
      GE and Pratt & Whitney Receive US$1.5 Billion  Contract from
       Emirates                                                         II-103
      Iberia Places Order with Airbus                                   II-103
      GEAE Collaborates with NASA's Space Launch  Initiative
       Propulsion Office                                                II-103
      Sikorsky Teams Up with Raytheon                                   II-103
      INCAT Collaborates with Fairchild                                 II-103
      EADS Joins Forces with IAPO                                       II-104
      GE Aircraft Engines Join Hands with US Navy                       II-104
      AvroTec Teams Up with Microvision                                 II-104
      Thales Avionics Teams Up with AVT                                 II-104
      GE Aircraft Engines Starts Construction of  New Aircraft
       Maintenance Hanger                                               II-105
      Boeing Divests its Spokane Facility to Triumph Group              II-105
      Textron Recalls Aircraft Engines                                  II-105
      Ukrainian and Russian Aircraft Manufacturers to  Enter
       Business Aircraft Market                                         II-105
      EADS and BAE Systems Form Airbus Company                          II-105
      General Dynamics Acquires Galaxy Aerospace                        II-105
      B/E Aerospace Takes Over M&M Aerospace  Hardware                  II-106
      Airbus Establishes a Japanese Unit                                II-106

  11. Product Introductions/Innovations                                 II-107
      Korean Air Develops UAV                                           II-107
      Aer Arann Launches ATR 72-500                                     II-107
      Boeing Unveils 787 Dreamliner                                     II-107
      Northrop Grumman Unveils E-2D Fighter Aircraft                    II-107
      Bombardier to Introduce CRJ Nextgen Family Jet                    II-107
      Bombardier Introduces CRJ1000 Regional Jet                        II-108
      Boeing Introduces Latest 737 Model                                II-108
      Northrop Grumman Unveils Latest Version of  Global Hawk           II-108
      Boeing Introduces New Model of Chinook Military  Helicopter       II-108
      Airbus Introduces Aircraft A380                                   II-108
      Boeing Debuts New Passenger Aircraft, 7E7                         II-109
      Laser Technology Development to Reduce Cost Savings  in
       Commercial Aircraft Parts                                        II-109
      GE and Pratt & Whitney Joint Venture to Make GP7200  Engine       II-109
      Bell 427i to Replace Bell 222 Helicopters                         II-109
      Athena Technologies Introduces SensorPac                          II-110
      Tupolev Introduces New Passenger Aircraft                         II-110
      AvCraft Restarts Production of Dornier 328 JETs                   II-110
      Military Transport Aircraft C-27j to Replace Antonov  An-26
       Airlifters in Bulgaria                                           II-110
      Ukrainian Aircraft Makers Debuts New Passenger  Aircraft          II-110
      Czech Air Craft Works Expands Product Line  of Aeroplanes         II-110
      Lockheed Martin Unveils New Military Aircraft  Model              II-110
      Embraer Unveils World's First Ethanol-Fueled  Commercial Aircraft II-111
      National Aeronautics Debuts Multipurpose Passenger  Aircraft      II-111
      Embraer Launches New Passenger Aircraft in India                  II-111
      TDG Aerospace Unveils New Fault Interruption  Device              II-111
      EADS Rolls Out A310 Tanker for German and  Canadian  Air Forces   II-111
      Changhe Aircraft Launches Z-11 Utility Helicopter                 II-111
      Cessna Rolls Out CJ3 and Mustang                                  II-112
      Beriev Resumes A-40 Albatros                                      II-112
      DRS Unveils CPI-406 Emergency Locator Transmitter                 II-112
      Magal Security Systems Introduces New Aircraft  Wheel Lock        II-112
      Vulcanair Enhances Product Portfolio with Single  Engine
       Turboprop                                                        II-112
      VIAM and TsIAM Introduce New Technology                           II-113
      Boeing Unveils No-Pilot X-45 Strike Aircraft                      II-113

  12. Focus on Select Players                                           II-114
      American Champion Aircraft Corporation (US)                       II-114
      ATR (France)                                                      II-114
      BAE Systems (UK)                                                  II-114
      Bell Helicopter Textron Inc. (US)                                 II-114
      Bombardier Inc. (Canada)                                          II-114
      CFM International, Inc. (US)                                      II-115
      Cirrus Design Corporation (US)                                    II-115
      Diamond Aircraft Industries Inc. (Canada)                         II-115
      Embraer-Empresa Brasileira de Aeronáutica S.A.  (Brazil)          II-116
      European Aeronautic Defense and Space Co. (France)                II-116
       Airbus S.A.S. (France)                                           II-116
       EADS Socata (France)                                             II-117
       Eurocopter SA (France)                                           II-117
      GE Aviation (US)                                                  II-117
      Hawker Beechcraft Corporation (US)                                II-118
      Ilyushin Aviation Complex JSC (Russia)                            II-118
      International Aero Engines (US)                                   II-118
      IRKUT Corporation (Russia)                                        II-118
      Lancair International Inc. (US)                                   II-119
      Lockheed Martin Corp. (US)                                        II-119
      MD Helicopters Inc. (US)                                          II-119
      NH Industries (France)                                            II-119
      Pilatus Aircraft Ltd. (Switzerland)                               II-120
      Piper Aircraft, Inc. (US)                                         II-120
      Pratt & Whitney (US)                                              II-120
      Raytheon Co. (US)                                                 II-120
      Rolls-Royce plc (UK)                                              II-121
      RUAG Aerospace (Switzerland)                                      II-121
      Snecma SA (France)                                                II-121
      Stork Aerospace Industries (The Netherlands)                      II-122
       Stork Fokker AESP (Netherlands)                                  II-122
       S.A.B.C.A. (Belgium)                                             II-122
      The Boeing Company (US)                                           II-123

  13. Global Market Perspective                                         II-124
      Table 17: World Recent Past, Current & Future Analysis  for
      New Commercial Aircraft by Geographic Region -  North America,
      Europe, Asia-Pacific, Latin America,  Middle East, and African
      Markets Independently  Analyzed with Annual New Aircraft
      Deliveries in Units  for the Years 2000 through 2010 (includes
      corresponding Graph/Chart)                                        II-124

      Table 18: World Long-term Projections for New Commercial
      Aircraft by Geographic Region - North America, Europe,
      Asia-Pacific, Latin America, Middle East, and African Markets
      Independently Analyzed with Annual New Aircraft Deliveries  in
      Units for the Years 2011 through 2015 (includes corresponding
      Graph/Chart)                                                      II-125

      Table 19: World Recent Past, Current & Future Analysis for New
      Commercial Aircraft by Product Group/Segment - Passenger
      Aircraft (70& 85 seaters, 100-175 seaters,  210 & 250 seaters,
      300, 350 & 400 seaters, and > 400 seaters), Cargo Aircraft (<
      30 Tons, 30-50 Tons, 50-80 Tons,  and > 80 Tons) Markets
      Independently Analyzed with  Annual New Aircraft Deliveries in
      Units for the  Years 2000 through 2010 (includes corresponding
      Graph/Chart)                                                      II-126

      Table 20: World Long-term Projections for New Commercial
      Aircraft by Product Group/Segment - Passenger Aircraft  (70&
      85 seaters, 100-175 seaters, 210 & 250 seaters,  300, 350 &
      400 seaters, and > 400 seaters), Cargo Aircraft  (< 30 Tons,
      30-50 Tons, 50-80 Tons, and > 80 Tons)  Markets Independently
      Analyzed with Annual New  Aircraft Deliveries in Units for the
      Years 2011 through  2015 (includes corresponding Graph/Chart)     II-127

      Table 21: World Recent Past, Current & Future Analysis for New
      Commercial Passenger Aircraft by Geographic Region - North
      America, Europe, Asia-Pacific, Latin America,  Middle East,
      and African Markets Independently Analyzed  with Annual New
      Aircraft Deliveries in Units for  the Years 2000 through 2010
      (includes  corresponding Graph/Chart)                             II-128

      Table 22: World Long-term Projections for New Commercial
      Passenger Aircraft by Geographic Region - North America,
      Europe, Asia-Pacific, Latin America, Middle East, and African
      Markets Independently Analyzed with Annual New Aircraft
      Deliveries in Units for the Years 2011 through 2015  (includes
      corresponding Graph/Chart)                                        II-129

      Table 23: World 10-Year Perspective for New Commercial
      Aircraft by Geographic Region - Percentage Breakdown of  Unit
      Deliveries for North America, Europe, Asia-Pacific,  Latin
      America, Middle East, and African Markets for the  Years 2000,
      2007, and 2010 (includes corresponding Graph/Chart)               II-130

      Table 24: World 10-Year Perspective for New Commercial
      Aircraft by Product Group/Segment - Percentage Breakdown  of
      Unit Deliveries for Passenger Aircraft (70& 85 seaters,
      100-175 seaters, 210 & 250 seaters, 300, 350 & 400 seaters,
      and > 400 seaters), Cargo Aircraft (< 30 Tons,  30-50 Tons,
      50-80 Tons, and > 80 Tons) Markets  for the Years 2000, 2007,
      and 2010 (includes  corresponding Graph/Chart)                    II-131

      Table 25: World 10-Year Perspective for New Commercial
      Passenger Aircraft by Geographic Region - Percentage Breakdown
      of Unit Deliveries for North America, Europe,  Asia-Pacific,
      Latin America, Middle East, and Africa  Markets for the Years
      2000, 2007, and 2010 (includes corresponding Graph/Chart)         II-132
      Aircraft, Engines, Parts & Equipment Market - Analysis by
       Product Group/Segment                                            II-133
      Table 26: World Recent Past, Current & Future Analysis for
      Aircraft, Engines, Parts & Equipment by Geographic Region -
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Middle East/Africa and Latin American Markets  Independently
      Analyzed with Annual Sales in US$ Million  for the Years 2000
      through 2010 (includes  corresponding Graph/Chart)                II-133

      Table 27: World Long-term Projections for Aircraft, Engines,
      Parts & Equipment by Geographic Region - US, Canada,  Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
      Latin American Markets Independently  Analyzed with Annual
      Sales in US$ Million for the  Years 2011 through 2015
      (includes corresponding  Graph/Chart)                             II-134

      Table 28: World 10-Year Perspective for Aircraft, Engines,
      Parts & Equipment by Geographic Region - Percentage Breakdown
      of Value Sales for US, Canada, Japan, Europe,  Asia-Pacific
      (excluding Japan), Middle East/Africa and  Latin American
      Markets for the Years 2000, 2007, and  2010 (includes
      corresponding Graph/Chart)                                        II-135
      Analysis by Product Group/Segment                                 II-136
      Table 29: World Recent Past, Current & Future Analysis for
      Commercial Aircraft by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East/ Africa
      and Latin American Markets Independently Analyzed  with Annual
      Sales in US$ Million for the Years 2000  through 2010
      (includes corresponding Graph/Chart)                              II-136

      Table 30: World Long-term Projections for Commercial  Aircraft
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East/Africa and Latin American
      Markets Independently Analyzed with Annual Sales  in US$
      Million for the Years 2011 through 2015  (includes
      corresponding Graph/Chart)                                        II-137

      Table 31: World Recent Past, Current & Future Analysis  for
      Commercial Aircraft by Product Group/Segment -  Wide Body
      Aircraft and Narrow Body Aircraft  Independently Analyzed with
      Annual Sales in US$  Million for the Years 2000 through 2010
      (includes corresponding Graph/Chart)                              II-138

      Table 32: World Long-term Projections for Commercial  Aircraft
      by Product Group/Segment - Wide Body Aircraft  and Narrow Body
      Aircraft Independently Analyzed with  Annual Sales in US$
      Million for the Years 2011 through  2015 (includes
      corresponding Graph/Chart)                                        II-138

      Table 33: World 10-Year Perspective for Commercial Aircraft by
      Geographic Region - Percentage Breakdown of Value Sales for
      US, Canada, Japan, Europe, Asia-Pacific (excluding  Japan),
      Middle East/Africa and Latin American Markets  for the Years
      2000, 2007, and 2010 (includes  corresponding Graph/Chart)        II-139

      Table 34: World 10-Year Perspective for Commercial  Aircraft
      by Product Group/Segment - Percentage  Breakdown of Value
      Sales for Wide Body Aircraft  and Narrow Body Aircraft for the
      Years 2000,  2007, and 2010                                       II-139

      Table 35: World Recent Past, Current & Future Analysis for
      Wide Body Commercial Aircraft by Geographic Region -  US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin American Markets Independently Analyzed
      with Annual Sales in US$ Million for the  Years 2000 through
      2010 (includes corresponding  Graph/Chart)                        II-140

      Table 36: World Long-term Projections for Wide Body Commercial
      Aircraft by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East/Africa and Latin
      American Markets Independently  Analyzed with Annual Sales in
      US$ Million for the  Years 2011 through 2015 (includes
      corresponding  Graph/Chart)                                       II-141

      Table 37: World 10-Year Perspective for Wide Body Commercial
      Aircraft by Geographic Region - Percentage Breakdown of Value
      Sales for US, Canada, Japan, Europe,  Asia-Pacific (excluding
      Japan), Middle East/Africa and  Latin American Markets for the
      Years 2000, 2007,  and 2010 (includes corresponding
      Graph/Chart)                                                      II-142

      Table 38: World Recent Past, Current & Future Analysis for
      Narrow Body Commercial Aircraft by Geographic Region -  US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin American Markets Independently Analyzed
      with Annual Sales in US$ Million for the  Years 2000 through
      2010 (includes corresponding  Graph/Chart)                        II-143

      Table 39: World Long-term Projections for Narrow Body
      Commercial Aircraft by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan),  Middle East/Africa
      and Latin American Markets  Independently Analyzed with Annual
      Sales in US$  Million for the Years 2011 through 2015
      (includes corresponding Graph/Chart)                              II-144

      Table 40: World 10-Year Perspective for Narrow Body Commercial
      Aircraft by Geographic Region - Percentage Breakdown of Value
      Sales for US, Canada, Japan, Europe,  Asia-Pacific (excluding
      Japan), Middle East/Africa and  Latin American Markets for the
      Years 2000, 2007, and  2010 (includes corresponding
      Graph/Chart)                                                      II-145

      Table 41: World Recent Past, Current & Future Analysis for
      General Aviation Aircraft by Geographic Region - US,  Canada,
      Japan, Europe, Asia-Pacific (excluding Japan),  Middle
      East/Africa and Latin American Markets  Independently Analyzed
      with Annual Sales in US$  Million for the Years 2000 through
      2010 (includes corresponding Graph/Chart)                         II-146

      Table 42: World Long-term Projections for General Aviation
      Aircraft by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East/Africa and Latin
      American Markets Independently Analyzed with Annual Sales  in
      US$ Million for the Years 2011 through 2015  (includes
      corresponding Graph/Chart)                                        II-147

      Table 43: World Recent Past, Current & Future Analysis for
      General Aviation Aircraft by Product Group/Segment - Single
      Engine Piston, Multi-Engine Piston and Other General Aviation
      Aircraft Independently Analyzed with Annual Sales in US$
      Million for the Years 2000 through 2010 (includes
      corresponding Graph/Chart)                                        II-148

      Table 44: World Long-term Projections for General Aviation
      Aircraft by Product Group/Segment - Single Engine Piston,
      Multi-Engine Piston and Other General Aviation Aircraft
      Independently Analyzed with Annual Sales in US$ Million  for
      the Years 2011 through 2015 (includes  corresponding
      Graph/Chart)                                                      II-148

      Table 45: World 10-Year Perspective for General Aviation
      Aircraft by Geographic Region - Percentage Breakdown of Value
      Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East/Africa and Latin American Markets for the
      Years 2000, 2007, and 2010  (includes corresponding
      Graph/Chart)                                                      II-149

      Table 46: World 10-Year Perspective for General Aviation
      Aircraft by Product Group/Segment - Percentage  Breakdown of
      Value Sales for Single Engine Piston,  Multi-Engine Piston and
      Other General Aviation  Aircraft for the Years 2000, 2007, and
      2010                                                              II-149

      Table 47: World Recent Past, Current & Future Analysis for
      Single Engine Piston General Aviation Aircraft by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific  (excluding
      Japan), Middle East/Africa and Latin American Markets
      Independently Analyzed with Annual Sales in US$ Million for
      the Years 2000 through 2010 (includes corresponding
      Graph/Chart)                                                      II-150

      Table 48: World Long-term Projections for Single Engine
      Piston General Aviation Aircraft by Geographic Region -  US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin American Markets  Independently Analyzed
      with Annual Sales in US$  Million for the Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-151

      Table 49: World 10-Year Perspective for Single Engine Piston
      General Aviation Aircraft by Geographic Region - Percentage
      Breakdown of Value Sales for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East/Africa and  Latin
      American Markets for the Years 2000, 2007, and  2010 (includes
      corresponding Graph/Chart)                                        II-152

      Table 50: World Recent Past, Current & Future Analysis for
      Multi-Engine Piston General Aviation Aircraft by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East/Africa and Latin American Markets
      Independently Analyzed with Annual Sales in  US$ Million for
      the Years 2000 through 2010  (includes corresponding
      Graph/Chart)                                                      II-153

      Table 51: World Long-term Projections for Multi-Engine  Piston
      General Aviation Aircraft by Geographic Region -  US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin American Markets  Independently Analyzed
      with Annual Sales in US$  Million for the Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-154

      Table 52: World 10-Year Perspective for Multi-Engine Piston
      General Aviation Aircraft by Geographic Region -  Percentage
      Breakdown of Value Sales for US, Canada,  Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East/Africa and Latin
      American Markets for the  Years 2000, 2007, and 2010 (includes
      corresponding Graph/Chart)                                        II-155

      Table 53: World Recent Past, Current & Future Analysis for
      Other General Aviation Aircraft (Inclusive of Turbo Props,
      Jets & Civilian and Commercial Helicopters) by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific  (excluding
      Japan), Middle East/Africa and Latin American Markets
      Independently Analyzed with Annual Sales in US$ Million for
      the Years 2000 through 2010 (includes corresponding
      Graph/Chart)                                                      II-156

      Table 54: World Long-term Projections for Other General
      Aviation Aircraft (Inclusive of Turbo Props, Jets & Civilian
      and Commercial Helicopters) by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle East/
      Africa and Latin American Markets Independently Analyzed  with
      Annual Sales in US$ Million for the Years 2011  through 2015
      (includes corresponding Graph/Chart)                              II-157

      Table 55: World 10-Year Perspective for Other General
      Aviation Aircraft (Inclusive of Turbo Props, Jets & Civilian
      and Commercial Helicopters) by Geographic Region - Percentage
      Breakdown of Value Sales for US, Canada,  Japan, Europe,
      Asia-Pacific (excluding Japan),  Middle East/Africa and Latin
      American Markets for  the Years 2000, 2007, and 2010 (includes
      corresponding Graph/Chart)                                        II-158

      Table 56: World Recent Past, Current & Future Analysis  for
      Military Aircraft (Inclusive of Helicopters) by  Geographic
      Region - US, Canada, Japan, Europe,  Asia-Pacific (excluding
      Japan), Middle East/Africa  and Latin American Markets
      Independently Analyzed  with Annual Sales in US$ Million for
      the  Years 2000 through 2010 (includes corresponding
      Graph/Chart)                                                      II-159

      Table 57: World Long-term Projections for Military Aircraft
      (Inclusive of Helicopters) by Geographic Region - US,  Canada,
      Japan, Europe, Asia-Pacific (excluding Japan),  Middle
      East/Africa and Latin American Markets  Independently Analyzed
      with Annual Sales in US$  Million for the Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-160

      Table 58: World 10-Year Perspective for Military Aircraft
      (Inclusive of Helicopters) by Geographic Region -  Percentage
      Breakdown of Value Sales for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan),  Middle East/Africa and Latin
      American Markets for  the Years 2000, 2007, and 2010 (includes
      corresponding Graph/Chart)                                        II-161

      Table 59: World Recent Past, Current & Future Analysis for
      Aircraft Engines and Parts Market by Geographic Region -  US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin American Markets  Independently Analyzed
      with Annual Sales in US$  Million for the Years 2000 through
      2010 (includes corresponding Graph/Chart)                         II-162

      Table 60: World Long-term Projections for Aircraft Engines
      and Parts Market by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East/Africa
      and Latin American Markets Independently Analyzed  with Annual
      Sales in US$ Million for the Years 2011  through 2015
      (includes corresponding Graph/Chart)                              II-163

      Table 61: World Recent Past, Current & Future Analysis  for
      Aircraft Engines and Parts Market by Product Group/ Segment -
      Military Aircraft Engines and Parts and  Non-Military Aircraft
      Engines and Parts Markets  Independently Analyzed with Annual
      Sales in US$  Million for the Years 2000 through 2010
      (includes corresponding Graph/Chart)                              II-164

      Table 62: World Long-term Projections for Aircraft Engines and
      Parts Market by Product Group/Segment - Military Aircraft
      Engines and Parts and Non-Military Aircraft Engines and  Parts
      Markets Independently Analyzed with Annual Sales  in US$
      Million for the Years 2011 through 2015  (includes
      corresponding Graph/Chart)                                        II-164

      Table 63: World 10-Year Perspective for Aircraft Engines  and
      Parts Market by Geographic Region - Percentage Breakdown of
      Value Sales for US, Canada, Japan,  Europe, Asia-Pacific
      (excluding Japan), Middle East/ Africa and Latin American
      Markets for the Years  2000, 2007, and 2010 (includes
      corresponding  Graph/Chart)                                       II-165

      Table 64: World 10-Year Perspective for Aircraft Engines  and
      Parts Market by Product Group/Segment - Percentage Breakdown
      of Value Sales for Military Aircraft Engines  and Parts and
      Non-Military Aircraft Engines and Parts  Markets for the Years
      2000, 2007, and 2010                                              II-165

      Table 65: World Recent Past, Current & Future Analysis for
      Military Aircraft Engines and Parts Market by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific  (excluding
      Japan), Middle East/Africa and Latin American Markets
      Independently Analyzed with Annual Sales in US$ Million for
      the Years 2000 through 2010 (includes corresponding
      Graph/Chart)                                                      II-166

      Table 66: World Long-term Projections for Military Aircraft
      Engines and Parts Market by Geographic Region - US,  Canada,
      Japan, Europe, Asia-Pacific (excluding Japan),  Middle
      East/Africa and Latin American Markets  Independently Analyzed
      with Annual Sales in US$  Million for the Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-167

      Table 67: World 10-Year Perspective for Military Aircraft
      Engines and Parts Market by Geographic Region -  Percentage
      Breakdown of Value Sales for US, Canada,  Japan, Europe,
      Asia-Pacific (excluding Japan),  Middle East/Africa and Latin
      American Markets  for the Years 2000, 2007, and 2010 (includes
      corresponding Graph/Chart)                                        II-168

      Table 68: World Recent Past, Current & Future Analysis  for
      Non-Military Aircraft Engines and Parts Market by Geographic
      Region - US, Canada, Japan, Europe,  Asia-Pacific (excluding
      Japan), Middle East/Africa  and Latin American Markets
      Independently Analyzed  with Annual Sales in US$ Million for
      the  Years 2000 through 2010 (includes  corresponding
      Graph/Chart)                                                      II-169

      Table 69: World Long-term Projections for Non-Military
      Aircraft Engines and Parts Market by Geographic Region -  US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin American Markets  Independently Analyzed
      with Annual Sales in US$  Million for the Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-170

      Table 70: World 10-Year Perspective for Non-Military  Aircraft
      Engines and Parts Market by Geographic Region - Percentage
      Breakdown of Value Sales for US, Canada,  Japan, Europe,
      Asia-Pacific (excluding Japan),  Middle East/Africa and Latin
      American Markets for  the Years 2000, 2007, and 2010 (includes
      corresponding Graph/Chart)                                        II-171


III. MARKET

  1. United States                                                      III-1
      A.Market Analysis                                                 III-1
        Current & Future Analysis                                       III-1
        Regional Airlines Soar to New Heights                           III-2
        Aerospace Industry - An Overview                                III-2
        General Aviation Market - An Overview                           III-3
         Shipments Post a Healthy Rise in 2006                          III-3
          Table 71: US General Aviation Market (2002-2006):
          Domestically Manufactured General Aviation  Airplane
          Shipments (includes corresponding Graph/Chart)                III-3
         Single-Engine Piston - Filing a Flight Plan  Towards Growth    III-3
          Table 72: US General Aviation Market (2005 & 2006):
          Percentage Breakdown of Domestically Manufactured General
          Aviation Airplane Shipments by Type-Single-Engine Piston,
          Turbojet/ Turbofan, Turboprops,  and Multi-Engine Piston
          (includes  corresponding Graph/Chart)                         III-3
         Pistons Dominate the Active General Aviation  Plane Base       III-4
          Table 73: Active General Aviation Aircraft in the United
          States (2005): Percentage Breakdown by  Type (Excluding
          Commuters) (includes  corresponding Graph/Chart)              III-4
         General Aviation Aircraft Fleet - Regional  Demographics       III-4
          Table 74: US General Aviation Market (2005): Percentage
          Breakdown of General Aviation Fleet  by Region -Southern,
          Great Lakes, Western-Pacific, Southwest, Eastern, N.W.
          Mountain, Central, New England and Alaskan (includes
          corresponding Graph/Chart)                                    III-4
        Trade Dynamics                                                  III-5
         Table 75: US Aircraft Market (2004-2006): Exports of
         Aircraft Engines by Country/Region (In US$ Million)
         (includes corresponding Graph/Chart)                           III-5

         Table 76: US Aircraft Market (2004-2006): Exports of
         Aircraft NES (Unladen Weight >15,000 Kg) by Country/Region
         (In US$ Million) (includes  corresponding Graph/Chart)         III-5

         Table 77: US Aircraft Market (2004-2006): Exports of
         Aircraft Seats by Country/Region (In US$ Million) (includes
         corresponding Graph/Chart)                                     III-6

         Table 78: US Aircraft Market (2004-2006): Exports  of
         Airplanes (Unladen Weight <2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-6

         Table 79: US Aircraft Market (2004-2006): Exports of
         Airplanes (Unladen Weight of 2001-15,000 Kg) by
         Country/Region (In US$ Million) (includes  corresponding
         Graph/Chart)                                                   III-7

         Table 80: US Aircraft Market (2004-2006): Exports of
         Aircraft Launching Gear, Arrestors, Flight Simulators, and
         Related Gear by Country/Region (In US$  Million) (includes
         corresponding Graph/Chart)                                     III-7

         Table 81: US Aircraft Market (2004-2006): Exports of
         Helicopters (Unladen Weight <2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-8

         Table 82: US Aircraft Market (2004-2006): Exports of
         Helicopters (Unladen Weight >2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-8

         Table 83: US Aircraft Market (2004-2006): Exports of
         Aircraft Engine Parts by Country/Region (In US$  Million)
         (includes corresponding Graph/Chart)                           III-9

         Table 84: US Aircraft Market (2004-2006): Exports  of
         Airplanes/ Helicopters NES Parts by Country/ Region (In US$
         Million) (includes corresponding Graph/Chart)                  III-9

         Table 85: US Aircraft Market (2004-2006): Exports  of
         Aircraft Pneumatic Rubber Tires (New) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-10

         Table 86: US Aircraft Market (2004-2006): Exports  of
         Aircraft Rotors, Propellers and Parts by Country/Region (In
         US$ Million) (includes corresponding Graph/Chart)              III-10

         Table 87: US Aircraft Market (2005 & 2006): Exports  of
         Retreaded Aircraft Tires by Country/Region  (In US$
         Thousand) (includes corresponding  Graph/Chart)                III-11

         Table 88: US Aircraft Market (2004-2006): Exports of
         Aircraft Under-Carriages and Parts by Country/ Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-11

         Table 89: US Aircraft Market (2004-2006): Imports  of
         Aircraft Engines by Country/Region (In US$  Million)
         (includes corresponding Graph/Chart)                           III-12

         Table 90: US Aircraft Market (2004-2006): Imports  of
         Aircraft NES (Unladen Weight >15,000 Kg) by Country/Region
         (In US$ Million) (includes  corresponding Graph/Chart)         III-12

         Table 91: US Aircraft Market (2004-2006): Imports  of
         Aircraft Seats by Country/Region  (In US$ Million)             III-13

         Table 92: US Aircraft Market (2004-2006): Imports  of
         Airplanes (Unladen Weight <2000 Kg) by Country/Region (In
         US$ Million)                                                   III-13

         Table 93: US Aircraft Market (2004-2006): Imports of
         Airplanes (Unladen Weight of 2001-15,000 Kg) by
         Country/Region (In US$ Million)                                III-14

         Table 94: US Aircraft Market (2004-2006): Imports  of
         Aircraft Launching Gear, Arrestors,  Flight Simulators, and
         Related Gear by  Country/Region                                III-14

         Table 95: US Aircraft Market (2004-2006): Imports  of
         Helicopters (Unladen Weight <2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-15

         Table 96: US Aircraft Market (2004-2006): Imports  of
         Helicopters (Unladen Weight >2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-15

         Table 97: US Aircraft Market (2004-2006): Imports  of
         Aircraft Engine Parts by Country/Region  (In US$ Million)
         (includes corresponding  Graph/Chart)                          III-16

         Table 98: US Aircraft Market (2004-2006): Imports of
         Airplanes/ Helicopters NES Parts by Country/Region  (In US$
         Million) (includes corresponding  Graph/Chart)                 III-16

         Table 99: US Aircraft Market (2004-2006): Imports  of
         Aircraft Pneumatic Rubber Tires (New) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-17

         Table 100: US Aircraft Market (2004-2006): Imports  of
         Aircraft Rotors, Propellers and Parts by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-17

         Table 101: US Aircraft Market (2006): Imports  of Retreaded
         Aircraft Tires by Country/Region  (In US$ Thousand)
         (includes corresponding  Graph/Chart)                          III-18

         Table 102: US Aircraft Market (2004-2006): Imports  of
         Aircraft Under-Carriages and Parts by  Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-18
         General Aviation Airplane Exports - Gaining  Altitude          III-19
          Table 103: US General Aviation Market (2002-2006): Exports
          of Domestically Manufactured General Aviation Airplanes
          (In Units) (includes  corresponding Graph/Chart)              III-19
         Single Engine Pistons Top Export Charts in  General Aviation   III-19
          Table 104: US General Aviation Market (2005 & 2006):
          Percentage Breakdown of Domestically Manufactured General
          Aviation Airplane Exports (Volume) by Type (includes
          corresponding Graph/Chart)                                    III-19
         Single Engine Planes Emerge Favorites in the  Import List      III-20
          Table 105: US Civil Airplane Market (2005): Percentage
          Breakdown of Imports of Civil Airplanes by Volume and
          Value for Multi-Engine (Turbojet/Turbofan 10,000-33,000
          lbs, 4,400-10,000 lbs, Under 4,400 lbs, Others (Including
          Turboshaft 10,000-33,000 lbs) and Single-Engine (includes
          corresponding Graph/Chart)                                    III-20
        Key Players in the US Aircraft, Engines and  Parts Market       III-20
         American Champion Aircraft Corporation                         III-20
         CFM International, Inc.                                        III-20
         Cirrus Design Corporation                                      III-21
         Esterline Technologies Corporation                             III-21
         GE Aviation                                                    III-21
         General Dynamics Corp.                                         III-21
         Gleason Corporation                                            III-22
         Goodrich Aerostructures Group                                  III-22
         Hawker Beechcraft Corporation                                  III-22
         HEICO Corporation                                              III-22
         Honeywell Aerospace                                            III-23
         International Aero Engines                                     III-23
         Kaman Aerospace Corporation.                                   III-23
         Lancair International Inc.                                     III-23
         Lockheed Martin Corp.                                          III-24
         Lycoming Engines                                               III-24
         MD Helicopters Inc.                                            III-24
         Northrop Grumman Corporation                                   III-24
         Piper Aircraft, Inc.                                           III-25
         Raytheon Co.                                                   III-25
         Textron Inc.                                                   III-25
          Bell Helicopter Textron Inc.                                  III-25
          Cessna Aircraft Company                                       III-26
         The Boeing Company                                             III-26
         United Technologies Corporation                                III-26
          Hamilton Sundstrand Corporation                               III-26
          Pratt & Whitney                                               III-27
          Sikorsky Aircraft Corp.                                       III-27
         Wyman-Gordon Company                                           III-27
        Recent Industry Activity                                        III-27
        Product Introductions/Innovations                               III-56
      B.Market Analytics                                                III-60
        Table 106: North American Recent Past, Current & Future
        Analysis for New Commercial Passenger Aircraft by Product
        Group/Segment- 70& 85 seaters, 100-175 seaters, 210 & 250
        seaters, 300, 350 & 400 seaters, and > 400 seater Markets
        Independently Analyzed with Annual Deliveries in Units for
        the Years 2000 through 2010 (includes corresponding
        Graph/Chart)                                                    III-60

        Table 107: North American Long-term Projections for  New
        Commercial Passenger Aircraft by Product Group/ Segment- 70&
        85 seaters, 100-175 seaters, 210 & 250 seaters, 300, 350 &
        400 seaters, and > 400 Seater Markets Independently Analyzed
        with Annual Deliveries in Units  for the Years 2011 through
        2015 (includes  corresponding Graph/Chart)                      III-60

        Table 108: US Recent Past, Current & Future Analysis for
        Aircraft, Engines, Parts & Equipment by Product Group
        /Segment- Commercial Aircraft (Wide Body Aircraft and Narrow
        Body Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military  Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for  the Years 2000 through 2010
        (includes  corresponding Graph/Chart)                           III-61

        Table 109: US Long-term Projections for Aircraft,  Engines,
        Parts & Equipment by Product Group/Segment- Commercial
        Aircraft (Wide Body Aircraft and Narrow  Body Aircraft),
        General Aviation (Single Engine Piston, Multi-Engine Piston,
        and Others), Military Aircraft (Including Helicopters),
        Engines and Parts (Military  and Non-Military) Markets
        Independently Analyzed  with Annual Sales in US$ Million for
        the  Years 2011 through 2015 (includes  corresponding
        Graph/Chart)                                                    III-62

        Table 110: North American 10-Year Perspective for New
        Commercial Passenger Aircraft by Product Group/ Segment -
        Percentage Breakdown of Unit Deliveries  for 70 & 85 Seater,
        100-175 Seater, 210 & 250 Seater,  300, 350 & 400 Seater,
        and > 400 Seaters Markets  for Years 2000, 2007, and 2010
        (includes  corresponding Graph/Chart)                           III-63

        Table 111: US 10-Year Perspective for Aircraft, Engines,
        Parts & Equipment by Product Group/Segment - Percentage
        Breakdown of Value Sales for Commercial Aircraft (Wide Body
        Aircraft and Narrow Body Aircraft), General Aviation (Single
        Engine Piston, Multi-Engine Piston, and Others), Military
        Aircraft (Including Helicopters), Engines and Parts
        (Military and  Non-Military) Markets for Years 2000, 2007,
        and  2010 (includes corresponding Graph/Chart)                  III-64

  2. Canada                                                             III-65
      A.Market Analysis                                                 III-65
        Current & Future Analysis                                       III-65
        Aerospace Industry - An Overview                                III-65
         A Historical Purview                                           III-65
        Business Opportunities                                          III-66
        Performance & Prospects of Canada's Aerospace  Industry         III-66
        Key Players                                                     III-66
        Players in the Aircraft Parts Industry                          III-68
        Trade Practices in the Canadian Market                          III-69
         Table 112: Canadian Aircraft Market (2005 & 2006): Exports
         of Aircraft Engines by Country/Region  (In US$ Million)
         (includes corresponding  Graph/Chart)                          III-69

         Table 113: Canadian Aircraft Market (2005 & 2006): Exports
         of Aircraft NES (Unladen Weight >15,000 Kg)  by
         Country/Region (In US$ Million) (includes corresponding
         Graph/Chart)                                                   III-69

         Table 114: Canadian Aircraft Market (2005 & 2006): Exports
         of Aircraft Seats by Country/Region  (In US$ Thousand)
         (includes corresponding  Graph/Chart)                          III-70

         Table 115: Canadian Aircraft Market (2005 & 2006): Exports
         of Airplanes (Unladen Weight <2000 Kg)  by Country/Region
         (In US$ Million) (includes corresponding Graph/Chart)          III-70

         Table 116: Canadian Aircraft Market (2006): Exports  of
         Airplanes (Unladen Weight of 2001-15,000 Kg)  by
         Country/Region (In US$ Million) (includes corresponding
         Graph/Chart)                                                   III-71

         Table 117: Canadian Aircraft Market (2004-2006): Exports of
         Aircraft Launching Gear, Arrestors,  Flight Simulators, and
         Related Gear by  Country/Region (In US$ Million) (includes
         corresponding Graph/Chart)                                     III-71

         Table 118: Canadian Aircraft Market (2005 & 2006): Exports
         of Helicopters (Unladen Weight <2000 Kg)  by Country/Region
         (In US$ Million) (includes corresponding Graph/Chart)          III-72

         Table 119: Canadian Aircraft Market (2006): Exports  of
         Helicopters (Unladen Weight >2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-72

         Table 120: Canadian Aircraft Market (2004-2006): Exports of
         Aircraft Engine Parts by Country/ Region (In US$ Thousand)     III-73

         Table 121: Canadian Aircraft Market (2004-2006): Exports of
         Airplanes/ Helicopters NES Parts by Country/Region (In US$
         Million) (includes  corresponding Graph/Chart)                 III-73

         Table 122: Canadian Aircraft Market (2005 & 2006): Exports
         of Aircraft Pneumatic Rubber Tires (New) by Country/Region
         (In US$ Thousand) (includes corresponding Graph/Chart)         III-74

         Table 123: Canadian Aircraft Market (2005 & 2006): Exports
         of Aircraft Rotors, Propellers and Parts by Country/Region
         (In US$ Thousand) (includes corresponding Graph/Chart)         III-74

         Table 124: Canadian Aircraft Market (2004-2006): Exports of
         Aircraft Under-Carriages and Parts by Country/Region (In
         US$ Million)                                                   III-75

         Table 125: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft Engines by Country/Region  (In US$ Thousand)          III-75

         Table 126: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft NES (Unladen Weight >15,000 Kg)  by Country/Region
         (In US$ Million) (includes corresponding Graph/Chart)          III-76

         Table 127: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft Seats by Country/Region  (In US$ Thousand)
         (includes corresponding  Graph/Chart)                          III-76

         Table 128: Canadian Aircraft Market (2005 & 2006): Imports
         of Airplanes (Unladen Weight <2000 Kg) by Country/Region
         (In US$ Thousand) (includes corresponding Graph/Chart)         III-77

         Table 129: Canadian Aircraft Market (2004-2006): Imports of
         Airplanes (Unladen Weight of 2001- 15,000 Kg) by
         Country/Region (In US$ Million)  (includes corresponding
         Graph/Chart)                                                   III-77

         Table 130: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft Launching Gear, Arrestors, Flight Simulators, and
         Related Gear by Country/Region (In US$ Million) (includes
         corresponding Graph/Chart)                                     III-78

         Table 131: Canadian Aircraft Market (2006): Imports  of
         Helicopters (Unladen Weight <2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-78

         Table 132: Canadian Aircraft Market (2006): Imports  of
         Helicopters (Unladen Weight >2000 Kg) by Country/Region (In
         US$ Million) (includes  corresponding Graph/Chart)             III-79

         Table 133: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft Engine Parts by Country/Region  (In US$ Thousand)
         (includes corresponding  Graph/Chart)                          III-79

         Table 134: Canadian Aircraft Market (2004-2006): Imports of
         Airplanes/ Helicopters NES Parts by Country/Region (In US$
         Million) (includes  corresponding Graph/Chart)                 III-80

         Table 135: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft Pneumatic Rubber Tires (New) by Country/Region (In
         US$ Thousand) (includes corresponding Graph/Chart)             III-80

         Table 136: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft Rotors, Propellers and Parts by Country/Region (In
         US$ Thousand) (includes corresponding Graph/Chart)             III-81

         Table 137: Canadian Aircraft Market (2004-2006): Imports of
         Aircraft Under-Carriages and Parts by Country/Region (In
         US$ Million)                                                   III-81
        Airport and Ground Support Equipment Sector -  An Overview      III-81
        Recent Industry Activity                                        III-82
        Product Introductions                                           III-83
      B.Market Analytics                                                III-84
        Table 138: Canadian Recent Past, Current & Future  Analysis
        for Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide  Body Aircraft and
        Narrow Body Aircraft), General  Aviation (Single Engine
        Piston, Multi-Engine Piston,  and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$  Million for the Years 2000 through 2010
        (includes  corresponding Graph/Chart)                           III-84

        Table 139: Canadian Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military  and
        Non-Military) Markets Independently Analyzed  with Annual
        Sales in US$ Million for the  Years 2011 through 2015
        (includes  corresponding Graph/Chart)                           III-85

        Table 140: Canadian 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and Non- Military) Markets for Years
        2000, 2007, and 2010  (includes corresponding Graph/Chart)      III-86

  3. Japan                                                              III-87
      A.Market Analysis                                                 III-87
        Current & Future Analysis                                       III-87
        Overview                                                        III-87
         Technology - The New Mantra                                    III-87
         Helicopters on a Quick Sortie                                  III-87
         Major End-Use Segments                                         III-88
          Agricultural Spraying                                         III-88
          Material Transport                                            III-88
          Electric Power Line Projects                                  III-88
          News Gathering                                                III-88
          Contract Operation                                            III-88
          Flight Training                                               III-88
          Commuter Flights                                              III-88
          Private Aviation                                              III-89
        Key Players in the Japanese Aircraft, Engines  and Parts Market III-89
         Fuji Heavy Industries, Ltd.                                    III-89
         Kawasaki Heavy Industries, Ltd.                                III-89
         Mitsubishi Heavy Industries, Ltd.                              III-89
         Nabtesco Corporation                                           III-90
         Nippi Corporation                                              III-90
         Sumitomo Precision Products Co., Ltd.                          III-90
        Recent Industry Activity                                        III-90
      B.Market Analytics                                                III-93
        Table 141: Japanese Recent Past, Current & Future Analysis
        for Aircraft, Engines, Parts & Equipment  by Product
        Group/Segment- Commercial Aircraft  (Wide Body Aircraft and
        Narrow Body Aircraft),  General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed  with Annual
        Sales in US$ Million for  the Years 2000 through 2010
        (includes corresponding Graph/Chart)                            III-93

        Table 142: Japanese Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and  Narrow Body
        Aircraft), General Aviation (Single  Engine Piston,
        Multi-Engine Piston, and Others),  Military Aircraft
        (Including Helicopters), Engines and  Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for  the Years 2011 through 2015
        (includes  corresponding Graph/Chart)                           III-94

        Table 143: Japanese 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and  Non-Military) Markets for Years
        2000, 2007, and  2010 (includes corresponding Graph/Chart)      III-95

  4. Europe                                                             III-96
      A.Market Analysis                                                 III-96
        Current & Future Analysis                                       III-96
         By Region                                                      III-96
         By Product Group/Segment                                       III-96
        European Aerospace Industry - An Overview                       III-97
         Strategic Vision                                               III-97
         The New Paradigm                                               III-97
        Key Players in the European Aircraft, Engines  and Parts Market III-98
         ATR (France)                                                   III-98
         Aircelle (France)                                              III-98
         BAE Systems (UK)                                               III-98
         Dassault Aviation SA (France)                                  III-99
         European Aeronautic Defense and  Space Co. (France)            III-99
          Airbus S.A.S. (France)                                        III-99
          EADS Socata (France)                                          III-100
          Eurocopter SA (France)                                        III-100
         Finmeccanica SpA (Italy)                                       III-100
          AgustaWestland (Italy)                                        III-100
         GKN Aerospace (UK)                                             III-101
         Groupe Latecoere (France)                                      III-101
         MTU Aero Engines GmbH (Germany)                                III-101
         NH Industries (France)                                         III-101
         Pilatus Aircraft Ltd. (Switzerland)                            III-102
         Rolls-Royce plc (UK)                                           III-102
         RUAG Aerospace (Switzerland)                                   III-102
         SAAB AB (Sweden)                                               III-103
         Snecma SA (France)                                             III-103
         Stork Aerospace Industries (The Netherlands)                   III-103
          S.A.B.C.A. (Belgium)                                          III-104
          Stork Fokker AESP                                             III-104
         Volvo AB (Sweden)                                              III-104
        Recent Industry Activity                                        III-105
        Product Introductions/Innovations                               III-121
      B.Market Analytics                                                III-124
        Table 144: European Recent Past, Current & Future  Analysis
        for New Commercial Passenger Aircraft by  Product
        Group/Segment- 70& 85 seaters, 100-175  seaters, 210 & 250
        seaters, 300, 350 & 400 seaters,  and > 400 Seaters Markets
        Independently Analyzed  with Annual Deliveries in Units for
        the Years  2000 through 2010 (includes corresponding
        Graph/Chart)                                                    III-124

        Table 145: European Long-term Projections for New Commercial
        Passenger Aircraft by Product Group/Segment- 70& 85 seaters,
        100-175 seaters,  210 & 250 seaters, 300, 350 & 400 seaters,
        and > 400 Seaters Markets Independently Analyzed with Annual
        Deliveries in Units for the Years 2011 through 2015
        (includes corresponding Graph/Chart)                            III-124

        Table 146: European Recent Past, Current & Future  Analysis
        for Aircraft, Engines, Parts & Equipment by Geographic
        Region - France, Germany, Italy, UK,  Spain, Russia, and
        Rest of Europe Markets Independently Analyzed with Annual
        Sales in US$ Million  for the Years 2000 through 2010
        (includes  corresponding Graph/Chart)                           III-125

        Table 147: European Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Geographic Region - France,
        Germany, Italy, UK, Spain, Russia, and  Rest of Europe
        Markets Independently Analyzed with  Annual Sales in US$
        Million for the Years 2011  through 2015 (includes
        corresponding  Graph/Chart)                                     III-126

        Table 148: European Recent Past, Current & Future  Analysis
        for Aircraft, Engines, Parts & Equipment by  Product Group
        /Segment- Commercial Aircraft (Wide  Body Aircraft and
        Narrow Body Aircraft), General  Aviation (Single Engine
        Piston, Multi-Engine Piston,  and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military)  Markets Independently Analyzed with Annual
        Sales  in US$ Million for the Years 2000 through 2010
        (includes corresponding Graph/Chart)                            III-127

        Table 149: European Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in  US$ Million for the Years 2011 through 2015
        (includes corresponding Graph/Chart)                            III-128

        Table 150: European 10-Year Perspective for New Commercial
        Passenger Aircraft by Product Group/ Segment - Percentage
        Breakdown of Unit Deliveries  for 70 & 85 Seater, 100-175
        Seater, 210 & 250  Seater, 300, 350 & 400 Seater, and > 400
        Seaters  Market for Years 2000, 2007, and 2010  (includes
        corresponding Graph/Chart)                                      III-129

        Table 151: European 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Geographic Region - Percentage
        Breakdown of Value Sales for France,  Germany, Italy, UK,
        Spain, Russia, and Rest of Europe Markets for the Years
        2000, 2007, and 2010  (includes corresponding Graph/Chart)      III-130

        Table 152: European 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body  Aircraft), General
        Aviation (Single Engine Piston,  Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts  (Military and Non-Military) Markets for  Years
        2000, 2007, and 2010 (includes  corresponding Graph/Chart)      III-131

  4a. France                                                            III-132
      A.Market Analysis                                                 III-132
        Current & Future Analysis                                       III-132
        French Aircraft Market: An Overview                             III-132
      B.Market Analytics                                                III-133
        Table 153: French Recent Past, Current & Future Analysis for
        Aircraft, Engines, Parts & Equipment by Product  Group/
        Segment- Commercial Aircraft (Wide Body  Aircraft and Narrow
        Body Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and  Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million  for the Years 2000 through 2010
        (includes  corresponding Graph/Chart)                           III-133

        Table 154: French Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for the Years 2011 through 2015
        (includes corresponding Graph/Chart)                            III-134

        Table 155: French 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and Non- Military) Markets for Years
        2000, 2007,and 2010  (includes corresponding Graph/Chart)       III-135

  4b. Germany                                                           III-136
      A.Market Analysis                                                 III-136
        Current & Future Analysis                                       III-136
        Aerospace Market in Germany: An Overview                        III-136
         The Fusion                                                     III-136
         The Vast Sky of Opportunities                                  III-136
         End User Profile                                               III-137
        Key Players                                                     III-137
         Aircraft Manufacturers, General Aviation                       III-137
         Gliders and Powered Gliders                                    III-138
         Aerospace Engine Manufacturers                                 III-138
         Piston Engines                                                 III-138
      B.Market Analytics                                                III-139
        Table 156: German Recent Past, Current & Future  Analysis
        for Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide  Body Aircraft and
        Narrow Body Aircraft), General  Aviation (Single Engine
        Piston, Multi-Engine Piston,  and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$  Million for the Years 2000 through 2010
        (includes corresponding Graph/Chart)                            III-139

        Table 157: German Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and  Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military  Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for  the Years 2011 through 2015
        (includes  corresponding Graph/Chart)                           III-140

        Table 158: German 10-Year Perspective for Aircraft, Engines,
        Parts & Equipment by Product Group/Segment - Percentage
        Breakdown of Value Sales for Commercial Aircraft (Wide Body
        Aircraft and Narrow Body Aircraft), General Aviation (Single
        Engine Piston, Multi-Engine Piston, and Others), Military
        Aircraft (Including Helicopters), Engines and Parts
        (Military and Non- Military) Markets for Years 2000, 2007,
        and 2010  (includes corresponding Graph/Chart)                  III-141

  4c. Italy                                                             III-142
      A.Market Analysis                                                 III-142
        Current & Future Analysis                                       III-142
        Aircraft and Parts Industry - An Overview                       III-142
         Opportunities                                                  III-142
         Domestic Production Scenario                                   III-142
         End-User Perspective                                           III-143
      B.Market Analytics                                                III-143
        Table 159: Italian Recent Past, Current & Future Analysis
        for Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide Body  Aircraft and
        Narrow Body Aircraft), General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines  and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$  Million for the Years 2000 through 2010
        (includes corresponding Graph/Chart)                            III-143

        Table 160: Italian Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and  Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military  Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for  the Years 2011 through 2015
        (includes  corresponding Graph/Chart)                           III-144

        Table 161: Italian 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/ Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow  Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts  (Military and Non-Military) Markets for Years
        2000, 2007, and 2010 (includes corresponding Graph/Chart)       III-145

  4d. United Kingdom                                                    III-146
      A.Market Analysis                                                 III-146
        Current & Future Analysis                                       III-146
        An Overview of British Aerospace Industry                       III-146
      B.Market Analytics                                                III-147
        Table 162: UK Recent Past, Current & Future Analysis  for
        Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide Body  Aircraft and
        Narrow Body Aircraft), General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines  and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in  US$ Million for the Years 2000 through 2010
        (includes corresponding Graph/Chart)                            III-147

        Table 163: UK Long-term Projections for Aircraft,  Engines,
        Parts & Equipment by Product Group/Segment- Commercial
        Aircraft (Wide Body Aircraft and  Narrow Body Aircraft),
        General Aviation (Single Engine Piston, Multi-Engine Piston,
        and Others), Military  Aircraft (Including Helicopters),
        Engines and Parts (Military and Non-Military) Markets
        Independently Analyzed with Annual Sales in US$ Million for
        the Years 2011 through 2015 (includes  corresponding
        Graph/Chart)                                                    III-148

        Table 164: UK 10-Year Perspective for Aircraft,  Engines,
        Parts & Equipment by Product Group/ Segment - Percentage
        Breakdown of Value Sales for Commercial Aircraft (Wide Body
        Aircraft and  Narrow Body Aircraft), General Aviation
        (Single  Engine Piston, Multi-Engine Piston, and Others),
        Military Aircraft (Including Helicopters), Engines  and
        Parts (Military and Non-Military) Markets  for Years 2000,
        2007, and 2010 (includes  corresponding Graph/Chart)            III-149

  4e. Spain                                                             III-150
      A.Market Analysis                                                 III-150
        Current & Future Analysis                                       III-150
        Spanish Aircraft Industry - An Overview                         III-150
        Competition                                                     III-150
         Vital Inputs to Competition                                    III-150
        End-User Market Perspective                                     III-150
        Import Regulations                                              III-151
        Distribution/Business Methods                                   III-151
      B.Market Analytics                                                III-151
        Table 165: Spanish Recent Past, Current & Future Analysis
        for Aircraft, Engines, Parts & Equipment by Product Group
        /Segment- Commercial Aircraft (Wide Body Aircraft and Narrow
        Body Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for the Years 2000 through  2010
        (includes corresponding Graph/Chart)                            III-151

        Table 166: Spanish Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for the Years 2011 through 2015
        (includes corresponding Graph/Chart)                            III-152

        Table 167: Spanish 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and Non- Military) Markets for Years
        2000, 2007, and 2010  (includes corresponding Graph/Chart)      III-153

  4f. Russia                                                            III-154
      A.Market Analysis                                                 III-154
        Current & Future Analysis                                       III-154
        Russian Aerospace Industry - An Overview                        III-154
        Market Basics                                                   III-154
         Breakup Affects Military Aircraft & Parts  Market              III-155
         Prime Segments of General Aviation Sub  sector                 III-155
        End-User Market Perspective                                     III-156
        Import Regulations                                              III-156
         Customs Duties and Taxes                                       III-157
        Potential Markets                                               III-157
        Competitive Dynamics                                            III-157
         Key Players in the Russian Aerospace Industry                  III-157
          Ilyushin Aviation Complex JSC                                 III-157
          IRKUT Corporation                                             III-157
          OSKBES MAI                                                    III-157
          Sukhoi Company                                                III-158
          Tupolev Design Bureau                                         III-158
      B.Market Analytics                                                III-159
        Table 168: Russian Recent Past, Current & Future Analysis
        for Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide Body Aircraft and
        Narrow Body Aircraft), General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for  the Years 2000 through 2010
        (includes  corresponding Graph/Chart)                           III-159

        Table 169: Russian Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales  in US$ Million for the Years 2011 through 2015
        (includes corresponding Graph/Chart)                            III-160

        Table 170: Russian 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and  Non-Military) Markets for Years
        2000, 2007,  and 2010 (includes corresponding  Graph/Chart)     III-161

  4g. Rest of Europe                                                    III-162
       Market Analysis                                                  III-162
        Table 171: Rest of Europe Recent Past, Current & Future
        Analysis for Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide Body Aircraft and
        Narrow Body Aircraft), General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines  and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$  Million for the Years 2000 through 2010
        (includes corresponding Graph/Chart)                            III-162

        Table 172: Rest of Europe Long-term Projections for
        Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide Body Aircraft and
        Narrow Body Aircraft), General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others),  Military Aircraft
        (Including Helicopters), Engines and  Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for  the Years 2011 through 2015
        (includes  corresponding Graph/Chart)                           III-163

        Table 173: Rest of Europe 10-Year Perspective for  Aircraft,
        Engines, Parts & Equipment by Product Group/ Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston,  Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and Non-Military) Markets for Years
        2000, 2007, and  2010 (includes corresponding Graph/Chart)      III-164

  5. Asia-Pacific                                                       III-165
      A.Market Analysis                                                 III-165
        Current & Future Analysis                                       III-165
        Liberalization Leads to High Growth of Airline  Industry        III-165
        Regional Aviation Industries - An Overview                      III-165
         China                                                          III-165
          Aerospace Industry - An Overview                              III-165
          Chinese Aviation Industry - An Introduction                   III-166
          Civil Aviation - A High Potential Segment                     III-166
           The Opportunity                                              III-166
          Imports Scenario                                              III-166
           Table 174: Chinese Import Market for Aircraft Parts in
           the Recent Past (2004): Percentage Breakdown of Leading
           Exporting Countries by Volume Sales for United States,
           Russia, France and Others  (includes corresponding
           Graph/Chart)                                                 III-167
          Production Scenario                                           III-167
         India                                                          III-167
         Indonesia                                                      III-168
         Malaysia                                                       III-168
         New Zealand                                                    III-168
          Helicopters - Major Non-Defense End  User Sectors             III-168
           Agriculture/Horticulture                                     III-168
           Corporate                                                    III-168
           Forestry                                                     III-169
           Medical & Rescue Sectors                                     III-169
           Tourism                                                      III-169
         Singapore                                                      III-169
         Taiwan                                                         III-170
          Major Players in the Parts & Components  Sector               III-170
        Recent Industry Activity                                        III-170
        Product Introductions/Launches                                  III-185
      B.Market Analytics                                                III-186
        Table 175: Asia-Pacific Recent Past, Current & Future
        Analysis for Aircraft, Engines, Parts & Equipment by Product
        Group/ Segment- Commercial Aircraft  (Wide Body Aircraft and
        Narrow Body Aircraft),  General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non- Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for the Years 2000 through  2010
        (includes corresponding Graph/Chart)                            III-186

        Table 176: Asia-Pacific Long-term Projections for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment-
        Commercial Aircraft (Wide Body Aircraft and Narrow Body
        Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales  in US$ Million for the Years 2011 through 2015
        (includes corresponding Graph/Chart)                            III-187

        Table 177: Asia-Pacific 10-Year Perspective for Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of Value Sales for Commercial Aircraft
        (Wide Body Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston, and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and Non- Military) Markets for Years
        2000, 2007, and 2010  (includes corresponding Graph/Chart)      III-188

  6. The Middle East/Africa                                             III-189
      A.Market Analysis                                                 III-189
        Tremendous Growth Opportunity                                   III-189
        Recent Industry Activity                                        III-189
      B.Market Analytics                                                III-192
        Table 178: Middle East & Africa Recent Past, Current &
        Future Analysis for Aircraft, Engines, Parts & Equipment by
        Product Group/Segment- Commercial Aircraft (Wide Body
        Aircraft and Narrow Body Aircraft), General Aviation (Single
        Engine Piston, Multi-Engine Piston, and Others), Military
        Aircraft (Including Helicopters), Engines  and Parts
        (Military and Non-Military) Markets Independently Analyzed
        with Annual Sales in  US$ Million for the Years 2000 through
        2010  (includes corresponding Graph/Chart)                      III-192

        Table 179: Middle East & Africa Long-term Projections for
        Aircraft, Engines, Parts & Equipment by Product Group/
        Segment- Commercial Aircraft (Wide Body Aircraft and Narrow
        Body Aircraft), General Aviation (Single Engine Piston,
        Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed with Annual
        Sales in US$ Million for the Years 2011 through  2015
        (includes corresponding Graph/Chart)                            III-193

        Table 180: Middle East & Africa 10-Year Perspective for
        Aircraft, Engines, Parts & Equipment by Product Group/
        Segment - Percentage Breakdown of Value Sales for Commercial
        Aircraft (Wide Body Aircraft and Narrow Body Aircraft),
        General Aviation (Single Engine Piston, Multi-Engine Piston,
        and Others), Military Aircraft (Including Helicopters),
        Engines and Parts (Military and Non- Military) Markets for
        Years 2000, 2007, and 2010  (includes corresponding
        Graph/Chart)                                                    III-194

  7. Latin America                                                      III-195
      A.Market Analysis                                                 III-195
        Current & Future Analysis                                       III-195
        Regional Aviation Industries - An Overview                      III-195
         Argentina                                                      III-195
         Brazil                                                         III-195
          Key Players                                                   III-196
           Aeroeletronica Industria de Componentes  Avionicos S.A       III-196
           Embraer-Empresa Brasileira de  Aeronáutica S.A.              III-196
           Helibras                                                     III-196
         Chile                                                          III-196
         Mexico                                                         III-196
         Venezuela                                                      III-197
        Recent Industry Activity                                        III-197
        Product Introductions                                           III-199
      B.Market Analytics                                                III-200
        Table 181: Latin American Recent Past, Current &  Future
        Analysis for Aircraft, Engines, Parts & Equipment  by
        Product Group/Segment- Commercial Aircraft  (Wide Body
        Aircraft and Narrow Body Aircraft),  General Aviation
        (Single Engine Piston, Multi-Engine Piston, and Others),
        Military Aircraft (Including Helicopters), Engines and Parts
        (Military and  Non-Military) Markets Independently Analyzed
        with Annual Sales in US$ Million for the  Years 2000 through
        2010 (includes  corresponding Graph/Chart)                      III-200

        Table 182: Latin American Long-term Projections for
        Aircraft, Engines, Parts & Equipment by Product
        Group/Segment- Commercial Aircraft (Wide  Body Aircraft and
        Narrow Body Aircraft),  General Aviation (Single Engine
        Piston, Multi-Engine Piston, and Others), Military Aircraft
        (Including Helicopters), Engines and Parts (Military and
        Non-Military) Markets Independently Analyzed  with Annual
        Sales in US$ Million for the  Years 2011 through 2015
        (includes  corresponding Graph/Chart)                           III-201

        Table 183: Latin America 10-Year Perspective for  Aircraft,
        Engines, Parts & Equipment by Product Group/Segment -
        Percentage Breakdown of  Value Sales for Commercial Aircraft
        (Wide Body  Aircraft and Narrow Body Aircraft), General
        Aviation (Single Engine Piston, Multi-Engine Piston,  and
        Others), Military Aircraft (Including Helicopters), Engines
        and Parts (Military and Non-Military)  Markets for Years
        2000, 2007, and 2010  (includes corresponding Graph/Chart)      III-202


 IV. COMPETITIVE LANDSCAPE