FW:

Please find this months report.  It is interesting that our analysis has found little if any effect on the executive aircraft market thus far as it relates to the credit and financial markets.  I will speaking at the NBAA later this month for UBS at two events to discuss this further. 

Best regards

Sean J. Lancaster

Bristol Associates Inc.

1-540-665-5135 direct

1-202-682-4000 ext 1130 Main Office

1-540-533-8183 Mobile

1-540-301-0050 FAX

slancaster@bristolassociates.com

www.bristolassociates.com