Boieng

Key assumptions for the

Financial Model

A380

* Full Capacity: We expect Airbus to be able to produce 4 A380 planes every month as maximum capacity per month. Starting 2006, the company will be able to produce 25% for a total capacity of 12 planes, and then it will increase capacity to 50% (24 planes) the following year. In 2008 we expect the company to go to full production capacity of 48 planes to match expected demand.

* Sales Projection: The sales forecast is made based on a collective estimated data surveyed by Airbus; Boeing and industry analysts for the next 20 years for the very large aircraft market. The forecast for the new A380 can be an outlined as the following:

|Type |Airbus |Boeing |Industry |

|Passengers |1,235 |330 |- |

|Cargo |315 |270 |- |

|Total |1,550 |600 |735 |

|A380’s share |775 |600 |735 |

* Sale’s Price: The average realized price of $ 225 million would be fixed for the 20 years forecast. We believe such fixed price should offset any drop in demand; Boeing unexpected price cut in competing 747’s model; economic detritions from one end, and any inflationary cost pressure, exchange rate fluctuating from the other end during the projection years.

* Airbus was able to capture 50% of the total new planes orders in 1999; we assume with the launching of A380 the company will be able to grow its overall market share giants Boeing.

* Boeing estimates total demand of 1010 new planes seating 400 passengers or more 40% of which (410 planes) would be...