Jetrader - Autumn 2016 - 9

® AUTUMN 2016 CONTENTS FEATURES 32 12 16 18 24 32 Q&A: Mike Williams, Jetaire Group Insights from an industry expert Wish Upon a Star Children and families of Shooting Star Chase attend ISTAT's Chalet at the Farnborough Airshow Sunshine, Rain and Mixed Feelings A recap of the 2016 Farnborough International Airshow ISTAT's 2016 Farnborough Airshow Chalet and Reception Continue to Achieve Record Attendance Photos from ISTAT's Farnborough events Legal Status of Aircraft Engines and Effects on Financing and Leasing Transactions The incredible cost of acquiring engines has left airline companies almost dependent on leasing, financing or borrowing to acquire those engines Jetrader Editorial Board 38 44 46 Julie Wichlin Executive Director, International Society of Transport Aircraft Trading IN EVERY ISSUE 54 Thomas Heimsoth, Chair President, Willow Aviation Services, LLC 7 Douglas W. Runte, CFA Managing Director and Head of Aviation Debt Research, Deutsche Bank 10 50 Marco Sterk President, The Longbow Group, LLC Jeff Straebler Managing Director, John Hancock Life Insurance Company David Swan Chief Operating Officer, SMBC Aviation Capital Bert van Leeuwen Head of Aviation Research, DVB Bank SE Marc S. Allinson ISTAT President, Executive Director, Charlotte Parker Associates The opinions expressed in this publication represent those of the authors and may not necessarily reflect the opinions, official policy or positions of ISTAT. 54 58 63 66 69 70 Survival of the Fittest A discussion with Azul Airlines' John Rodgerson on the state of Latin American Airlines Weathering Economic Gusts: Copa Airlines' Pedro Heilbron Advocates Flexibility and Smart Growth How Latin American airlines are using agility to adjust to down economies 5 Places to Visit While Attending the ISTAT Latin America Forum Jetrader's guide to Panama City A Message from the President Calendar/News From the ISTAT Photo Archives From the Jetrader Editorial Archives Aviation History Aircraft Appraisals ISTAT Foundation Advertiser Index Advertiser.com 16 Jetrader wants YOU to be a part of the magazine. Please send your ideas for editorial items, ISTAT News items when ISTAT members gather and job changes you wish to announce to the membership to Crystal Ligda at cligda@istat.org. Jetrader * Autumn 2016 9

Table of Contents for the Digital Edition of Jetrader - Autumn 2016

A Message from the President
Calendar/News
Q&A: Mike Williams, Jetaire Group
Wish Upon a Star
Sunshine, Rain and Mixed Feelings
ISTAT’s 2016 Farnborough Airshow Chalet and Reception Continue to Achieve Record Attendance
Legal Status of Aircraft Engines and Effects on Financing and Leasing Transactions
Survival of the Fittest
Weathering Economic Gusts: Copa Airlines’ Pedro Heilbron Advocates Flexibility and Smart Growth
5 Places to Visit While Attending the ISTAT Latin America Forum
From the ISTAT Photo Archives
From the Jetrader Editorial Archives
Aviation History
Aircraft Appraisals
ISTAT Foundation
Advertiser Index
Advertiser.com
Jetrader - Autumn 2016 - cover1
Jetrader - Autumn 2016 - cover2
Jetrader - Autumn 2016 - 3
Jetrader - Autumn 2016 - 4
Jetrader - Autumn 2016 - 5
Jetrader - Autumn 2016 - 6
Jetrader - Autumn 2016 - A Message from the President
Jetrader - Autumn 2016 - 8
Jetrader - Autumn 2016 - 9
Jetrader - Autumn 2016 - Calendar/News
Jetrader - Autumn 2016 - 11
Jetrader - Autumn 2016 - Q&A: Mike Williams, Jetaire Group
Jetrader - Autumn 2016 - 13
Jetrader - Autumn 2016 - 14
Jetrader - Autumn 2016 - 15
Jetrader - Autumn 2016 - Wish Upon a Star
Jetrader - Autumn 2016 - 17
Jetrader - Autumn 2016 - Sunshine, Rain and Mixed Feelings
Jetrader - Autumn 2016 - 19
Jetrader - Autumn 2016 - 20
Jetrader - Autumn 2016 - 21
Jetrader - Autumn 2016 - 22
Jetrader - Autumn 2016 - 23
Jetrader - Autumn 2016 - ISTAT’s 2016 Farnborough Airshow Chalet and Reception Continue to Achieve Record Attendance
Jetrader - Autumn 2016 - 25
Jetrader - Autumn 2016 - 26
Jetrader - Autumn 2016 - 27
Jetrader - Autumn 2016 - 28
Jetrader - Autumn 2016 - 29
Jetrader - Autumn 2016 - 30
Jetrader - Autumn 2016 - 31
Jetrader - Autumn 2016 - Legal Status of Aircraft Engines and Effects on Financing and Leasing Transactions
Jetrader - Autumn 2016 - 33
Jetrader - Autumn 2016 - 34
Jetrader - Autumn 2016 - 35
Jetrader - Autumn 2016 - 36
Jetrader - Autumn 2016 - 37
Jetrader - Autumn 2016 - Survival of the Fittest
Jetrader - Autumn 2016 - 39
Jetrader - Autumn 2016 - 40
Jetrader - Autumn 2016 - 41
Jetrader - Autumn 2016 - 42
Jetrader - Autumn 2016 - 43
Jetrader - Autumn 2016 - Weathering Economic Gusts: Copa Airlines’ Pedro Heilbron Advocates Flexibility and Smart Growth
Jetrader - Autumn 2016 - 45
Jetrader - Autumn 2016 - 5 Places to Visit While Attending the ISTAT Latin America Forum
Jetrader - Autumn 2016 - 47
Jetrader - Autumn 2016 - 48
Jetrader - Autumn 2016 - 49
Jetrader - Autumn 2016 - From the ISTAT Photo Archives
Jetrader - Autumn 2016 - 51
Jetrader - Autumn 2016 - 52
Jetrader - Autumn 2016 - 53
Jetrader - Autumn 2016 - From the Jetrader Editorial Archives
Jetrader - Autumn 2016 - 55
Jetrader - Autumn 2016 - 56
Jetrader - Autumn 2016 - 57
Jetrader - Autumn 2016 - Aviation History
Jetrader - Autumn 2016 - 59
Jetrader - Autumn 2016 - 60
Jetrader - Autumn 2016 - 61
Jetrader - Autumn 2016 - 62
Jetrader - Autumn 2016 - Aircraft Appraisals
Jetrader - Autumn 2016 - 64
Jetrader - Autumn 2016 - 65
Jetrader - Autumn 2016 - ISTAT Foundation
Jetrader - Autumn 2016 - 67
Jetrader - Autumn 2016 - 68
Jetrader - Autumn 2016 - Advertiser Index
Jetrader - Autumn 2016 - Advertiser.com
Jetrader - Autumn 2016 - cover3
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