Moderator – Michael Arnold Global Markets, ESA Airports /marnold@esassoc.com

Overview of Session

• Overview of Markets/Regions (Arnold)Complicating Factors (Stewart/Arnold)• Complicating Factors (Stewart/Arnold)

• Drill DownIndia (Connie Muller)– India (Connie Muller)

– Brazil (Aguero/Ubilla)

What is a Market?

• City Pair?Country?• Country?

• Region?AfricaAfricaAsia PacificEuropeLatin AmericaMiddle EastNorth America

R i Af iRegion – Africa

ACI 200 i t i 47 t i• ACI – 200 airports in 47 countries• Total Passengers – 156 million (6)

T t l C 1 7 illi t (6)• Total Cargo – 1.7 million tons (6)

Largest Economies Note: Northeast Africa is oftenLargest EconomiesSouth AfricaAlgeriaNigeriaE t

Note: Northeast Africa is often included in statistics for middle east

EgyptMorocco

R i A i P ifiRegion – Asia Pacific

ACI 480 i t i 46 t i• ACI – 480 airports in 46 countries• Total Passengers - 1.3 billion (3)

T t l C 32 illi t (1)• Total Cargo - 32 million tons (1)

Largest Economies Other NotablesLargest EconomiesChinaJapanIndiaA t li

Other NotablesMalaysiaThailandSingaporePhili iAustralia

South KoreaIndonesia

PhilippinesVietnam

R i ERegion – Europe

ACI 400+ i t i 46 t i• ACI – 400+ airports in 46 countries• Total Passengers – 1.47 billion (2)

T t l C 17 9 illi t (3)• Total Cargo – 17.9 million tons (3)

Largest Economies Other NotablesLargest EconomiesGermanyFranceUKIt l

Other NotablesNetherlandsTurkey *SwitzerlandP l dItaly

RussiaSpain

PolandBelgiumSweden

R i L ti A iRegion – Latin America

ACI 250+ i t i 37 t i• ACI – 250+ airports in 37 countries• Total Passengers – 404 million (4)

T t l C 4 7 illi t (5)• Total Cargo – 4.7 million tons (5)

Largest Economies Other NotablesLargest EconomiesBrazilMexicoArgentinaV l

Other NotablesPeruEcuadorDominican RepublicG t lVenezuela

ColombiaChile

GuatemalaCosta RicaPanama

R i Middl E tRegion – Middle East

ACI 52 i t i 10 t i• ACI – 52 airports in 10 countries• Total Passengers – 207 million (5)

T t l C 5 9 illi t (4)• Total Cargo – 5.9 million tons (4)

Largest Economies Other NotablesLargest EconomiesTurkeyIranSaudi ArabiaI l

Other NotablesQatarCyprusBahrainOIsrael

United Arab EmiratesKuwait

Oman

R i N th A iRegion – North America

ACI 360 i t i 2 t i• ACI – ~360 airports in 2 countries• Total Passengers – 1.51 billion (1)

T t l C 28 7 illi t (2)• Total Cargo – 28.7 million tons (2)

Top O&D Airports Greatest Total Pax VolumeTop O&D AirportsLos AngelesLas VegasOrlandoAtl t

Greatest Total Pax VolumeAtlantaChicago (ORD)Dallas Fort WorthDAtlanta

Chicago (ORD)Denver

DenverNew York (JFK)Las Vegas

Projected CAGR through 2030(sorted by GDP)

Market GDP RPKAsia Pacific 4.7% 6.7%Af i 4 4% 5 1%Africa 4.4% 5.1%Latin America 4.2% 6.9%Middle East 4.1% 6.6%CIS (Commonwealth of Independent States) 3.4% 4.3%North America 2.7% 2.9%Europe 2 0% 4 3%Europe 2.0% 4.3%World 3.3% 5.1%Source: Boeing Current Market Outlook – 2011-2030, 2011

Projected World Aircraft Fleet

Aircraft Type 2010 2030Large 770 1,140Twin Aisle 3,640 8,570Single Aisle 12,100 27,750Regional 2 900 2 070Regional 2,900 2,070

Total 19,410 39,530Source: Boeing Current Market Outlook – 2011-2030, 2011

Existing Aircraft will represent 15% of the fleet in 2030 Projected compound annual growth of fleet – 3.6%

Commercial Fleet DistributionCommercial Fleet Distribution206%

85%41%

195%161%

23% 78%

Source: Boeing Current Market Outlook – 2011-2030, 2011

Five Largest Domestic Markets gby 2014

Country

Domestic Passengers (millions)

United States 671China 379Japan 102Japan 102Brazil 90India 69

Source: IATA Press release February 14, 2011

Current Business Aircraft FleetCurrent Business Aircraft FleetJets Turbo Total Avg. Age

PropsNorth America 11,850 7,027 18,877 16 yearsEurope 2,905 1,001 3,906 11 years

+1.5%

+1.9%

South America 1,831 1,747 3,578 17 yearsPacific Rim 562 406 968 11 yearsAfrica 399 419 818 19 years

+8%

+6%

Africa 399 419 818 19 yearsMiddle East 389 85 474 11 yearsAsia 173 101 274 10 years

Source: Flight International 2011 Business Aircraft Census, ACAS

Major and Recent Projects

Market > $500 Million > $5 BillionAfrica 8 0Asia Pacific 41 4Europe 42 3Middle East 18 5Middle East 18 5North America 42 7South America 8 0Source: Momberger