Jetrader - Spring 2017 - 5
Jetrader is a quarterly publication of the International
Society of Transport Aircraft Trading (ISTAT). ISTAT
was founded in 1983 to act as a forum and to
promote improved communications among those
involved in aviation and supporting industries, who
operate, manufacture, maintain, sell, purchase,
finance, lease, appraise, insure or otherwise engage
in activities related to transport category aircraft.
Jetrader is published for:
International Society of Transport Aircraft Trading
330 North Wabash Avenue, Suite 2000
Chicago, Illinois 60611 USA
ISTAT BOARD OF DIRECTORS
Marc S. Allinson
Douglas W. Runte, CFA
Immediate Past President
Daniel J. Pietrzak
Phil Seymour (ex-officio)
Richard Owen Walker
Damon J. D'Agostino (ex-officio)
John W. Vitale
ISTAT INTERNATIONAL APPRAISERS' PROGRAM
BOARD OF GOVERNORS
Betsy R. Snyder*
Appraiser Fellow, Administrative
Director, ISTAT International
*These individuals are not certified appraisers.
ISTAT FOUNDATION BOARD OF TRUSTEES
Damon J. D'Agostino
Marc S. Allinson
Immediate Past ISTAT President
Douglas W. Runte, CFA Vice President/Treasurer
Mary Ellen S. Jones
Rod J. Sheridan
Andrew La Stella
INTERNATIONAL SOCIETY OF
TRANSPORT AIRCRAFT TRADING STAFF
Dear Fellow ISTAT members:
Welcome to the spring 2017 issue of Jetrader! Sadly, it's my
last Letter from the President, as the two years of my presidency have flown by in what seems like a nanosecond. Yet,
more great things are ahead for ISTAT under the leadership of
our President-Elect Douglas Runte.
It's hard to believe that 2016 passed by in such a blur, but
Marc S. Allinson,
our event schedule ended on an extremely high note, with more
than 1,500 members and guests attending our popular Holiday
Receptions. What a great year for ISTAT events, as attendance records were set
for nearly each one. I would like to extend a huge thank you to each member and
sponsor for your continued support.
I know many of you were caught up in the year-end rush to close various transactions, but I hope you had a chance to spend time with your families and recharge
your batteries. I would like to take this opportunity to wish all of you and yours
the best of health, happiness and prosperity in 2017.
At ISTAT, this year is shaping up to be a very busy one, indeed. As I write this,
ISTAT Americas is nearly upon us. Our conference committee has been extremely
busy through the holidays to put together another super program, culminating with
the presentation of the ISTAT Award to Klaus Heinemann. I cannot think of anyone
more deserving or with a more unique background as a senior banking executive,
a CEO of a major leasing company (which he took public on the NYSE) and now the
non-executive chairman of Finnair. Klaus joins a select group of executives who
have made extraordinary contributions to the industry! We offer him our heartiest
congratulations for this achievement.
I'd also be remiss if I did not thank the many members who volunteer their time
and money to the philanthropic activities of the ISTAT Foundation. Unlike for-profit
organizations, ISTAT grants the lion's share of any surplus to the Foundation, and
this year I am so proud that we will be able to grant more than $600,000 to support
the great work of its volunteers. That's truly what makes our ISTAT family special.
With my presidency in the rearview mirror, I have so many people to thank
for their support. With space limited, kudos to the two executive directors -
Ron Pietrzak and Julie Wichlin - who served me so diligently; my executive board
and Board of Trustees - a super group who only have the constant improvement
of your membership experience at heart and who find the time to give back to
the industry in between their day jobs, while getting paid only in sandwiches and
M&Ms; our events director, Cynthia Cortis, who consistently provides the finest
venues for our events and creates fresh ideas and activities around those events;
Damon D'Agostino and the Foundation Board of Trustees for their tireless philanthropic contribution and great partnership; and to those ISTAT presidents who
came before me for your meaningful and relevant advice. I stand on your shoulders
as the builders of this great organization. My legacy was not to f#$$%^k it up...
and I hope I succeeded in that.
My sincere thanks to all of you for giving me the privilege to lead this amazing
organization. It truly is one of the highlights of my career.
Please enjoy this issue of Jetrader. There is a lot to catch up on, including a look
back at several 2016 events, an interview with Klaus Heinemann, a farewell from
ISTAT Foundation Chairman Damon D'Agostino, a look at how ISTAT was started -
plus much, much more!
I look forward to seeing all of you in San Diego at ISTAT Americas!
Jetrader * Spring 2017 5