FW:

 

 

 

·         Index lower again at 55: Our business jet index came in at 55, slightly below our September survey and our third consecutive lower score. However, while lower, our index does continue to indicate incremental improvement, albeit at a slower rate, with an index score greater than 50 representing incremental strengthening bizjet market conditions.

·         Current conditions strong, no impact from credit market difficulties . . .: Our respondents continue to cite a very strong market, with current business conditions just off their high. It appears credit market woes still not hitting bizjets, as 73% of respondents noted no adverse impact from broader credit market difficulties.

·         . . . but outlook drops to new all-time low: However, with the exception of our customer interest component, all the components we track declined this month. Our 12-month outlook component dropped to a new all-time low driven by a 16% decline in our domestic participants’ score, although international increased 10%. However, while less optimistic, over 50% of respondents still think market can hold current high levels over next 12-months.

·         GD/TXT top business jet plays: GD/TXT remain our preferred choices for business jet exposure. We also believe BEAV can benefit significantly from the business jet upcycle.

 

 

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