Jetrader - Fall 2014 - (Page 7)

® 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 Tel: +1.312.321.5169 Fax: +1.312.673.6579 Email: ISTAT BOARD OF DIRECTORS OFFICERS Jep Thornton Joe Ozimek Marc Allinson Daniel J. Pietrzak Douglas W. Runte, CFA President Immediate Past President Vice President Secretary Treasurer DIRECTORS Ron Baur Gerry Butler Anthony Diaz Dick Forsberg Todd Freeman (ex-officio) Dean Gerber Jay Hancock Mary Prettyman David Sutton David Swan Steven Townend John W. Vitale Phil Seymour (ex-officio) (Chairman, ISTAT International Appraisers Program Board of Governors) ISTAT INTERNATIONAL APPRAISERS' PROGRAM BOARD OF GOVERNORS Phil Seymour Chairman/Senior Appraiser Douglas Kelly John Beekman* Mark Streeter* Abdol Moabery* Betsy R. Snyder* Jeff Straebler* Richard Young A Jack Feir ( ppraiser Fellow, Administrative Director, ISTAT International Appraisers' Program) *These individuals are not certified appraisers. ISTAT FOUNDATION BOARD OF TRUSTEES Todd Freeman Chairman Warren Willits Vice Chairman Jep Thornton ISTAT President Joe Ozimek Immediate Past ISTAT President Douglas W. Runte, CFA Vice President/Treasurer TRUSTEES Julian Balaam Damon J D'Agostino Sigthor Einarsson Mary Ellen S. Jones Michael Platt Rod J. Sheridan Mark Dunnachie Peter Huijbers Dana J. Lockhart Murrae Ross-Eskell from the president Jep Thornton, President International Society of Transport Aircraft Trading Dear ISTAT Members, I hope that this issue of Jetrader arrives to you at the end of a good summer. While many of us are taking our holidays, a good number of members were able to attend the ISTAT events at the Farnborough International Airshow in London during the week of 14 July. The ISTAT Reception at the Grosvenor House, A JW Marriot Hotel, on the Monday of the airshow was a great event, and it was very exciting to see so many members attend. Out at the airshow grounds, we were happy to offer the facilities of the third annual ISTAT Chalet. We are happy to report that a record number of members were able to take advantage of this valuable ISTAT benefit. The chalet committee, led by chairman Doug Runte, has been fine-tuning the features of the chalet each year. This year we were able to add the ISTAT golf cart to provide transportation for members between the main gate and the chalet, which I personally enjoyed driving from time to time! I spoke to a number of members who said that the chalet was a very valuable member benefit and a useful venue to conduct business. In fact, ISTAT board member David Sutton of Federal Express closed the sale of one of their last Boeing B727F aircraft to a nonprofit aviation school in the U.K. at the chalet on Monday. ISTAT was privileged to open the chalet to a local charity, Shooting Star CHASE, which provides hospice care for terminally ill children. The day was an unbelievably touching day with visits from the British Air Force Red Arrows team and other special guests, as you will see from the photos in this issue of Jetrader. A number of ISTAT board members and ISTAT staff were able to attend. This also provided us with a possible recipient of grant funding from the ISTAT Foundation. Now that the success of the airshow is past us, we are looking forward to ISTAT Europe in Istanbul, Turkey, on 21-23 September. Registration is running well ahead of last year, so we are looking forward to a good crowd in Istanbul. The city and venue promise to be interesting and stimulating; a great experience awaits all who will attend. Enjoy the rest of your summer, and make sure and take some time to recharge your batteries! All the best, Jep INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING Ron Pietrzak Executive Director Ben Barclay Operations Manager Cynthia Cortis Conference Director Marketing Manager Crystal Ligda Jetrader  *  Fall 2014 7

Table of Contents for the Digital Edition of Jetrader - Fall 2014

A Message from the President
Reach for the Stars
Beauty Contest
Boeing’s Current Market Outlook for 2014
Aircraft Recyclers Debate the Coming ‘Tsunami’ of Retired Aircraft
Engine Support Plans Shift Market
The Second Life of Aircraft: Does It Still Exist?
Restructuring Aircraft Leases in Bankruptcy
Aviation History
Aircraft Appraisals
ISTAT Foundation
Advertiser Index

Jetrader - Fall 2014