1. EXECUTIVE ROUNDTABLE SERIES 1 Emerging Regulations on the Environment, Air Traffic Management, and Equipage June 3, 2010 KEY LEGAL CONSIDERATIONS GOVERNING THE NEXT GENERATION AIR TRANSPORT SYSTEM EXECUTIVE ROUNDTABLE SERIES

2. 2 Our Panelists J. Mark Hansen, Lead Counsel- Regulatory Affairs, Federal Express Olivier Longeville, General Aviation Market, CFM International Sophie Hagege, M&A, Climate Change, Jones Day Francoise Labrousse, Environmental, Health, & Safety, Jones Day Eric Morgan De River, Antitrust and Competition, Jones Day-- Moderator

3. EXECUTIVE ROUNDTABLE SERIES 3 The Next Generation Air Transport System-- The Broad Perspectives Airline Operators– Managing Change Manufacturers– Searching for Durable Standards The Regulators-- Striking Balances between Innovation, Improving Safety, and Environmental Performance

4. EXECUTIVE ROUNDTABLE SERIES 4 The Next Generation Air Transport System & The Environment Inclusion of aviation into ETS: practical issues SESAR and NextGen will reduce aircraft emissions- how should that be accounted for? Are there better alternatives to ETS? In addition to ETS, what other regulatory changes can the industry expect? REACH

5. EXECUTIVE ROUNDTABLE SERIES 5 The Next Generation Air Transport System & Performance-based navigation Approaches in Europe and the United States- Compare and Contrast What are the Regulatory Barriers in the US? EU? Is harmonization progressing effectively? What have regulators done well? What should they do better?