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Bombardier Business Aircraft | Market Forecast 2011-2030

Stock markets have rebounded nicely since March 2009. The MSCI World Index grew by 60% from March 2009 to June 2010. Growth has been consistent during that 15-month period, with the exception of spring 2010, which was characterized by high market uncertainty due to sovereign debt problems in Europe. The MSCI World Index ended 2010 at levels last seen during the third quarter of 2008. Although the MSCI World Index has increased for more than two years, full recovery of business jet order intake has been lagging. A March 2011 report from Forbes estimated the number of world billionaires at 1,210, surpassing the prior peak of 1,123 reached in 2008. The March 2011 count of billionaires represents a 20% increase versus one year ago and 53% versus 2009. The most significant growth in the number of billionaires occurred in China with a very impressive increase of 66% year-over-year followed by Russia & CIS (61%) and Latin America (47%).

Number of Billionaires Unit & % Change 2010-2011

500

World 2010: 1,011 World 2011: 1,210

2010 2011

428

427

400

300

Number of Billionaires

192

200

182

178

116

107

95

86

100

72

72

62

56

53

49

36

6

4

0

Africa

North America

Europe

China

Russia & CIS

Asia ex. China

Middle East

India

Latin America

% Change 2011 vs 2010

66% 5% 0%

61%

32%

39%

14% 47%

50%

Sources: Forbes.com March 2010 and March 2011.

The number of billionaires increased 20% versus last year.