And for the first time in history, more business jets were delivered outside North America than inside. North American deliveries lagged to 49 percent (down from 54 percent in 2008), while Europe notched 26 percent; Asia Pacific 9 percent; Middle East/Africa 7 percent and Latin America 9 percent. And the shift also covered billings, with 50.8 percent of total billings for U.S. companies coming from offshore. GAMA does see signs of optimism, in particular the used aircraft inventory, which is down to about 15 percent of the fleet from a high of 16.5 percent in the second quarter of last year. And flight hours are recovering from their low ebb, early in 2009. For more information, go to gama.aero.