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



Jetrader - Autumn 2016

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
Jetrader - Autumn 2016 - cover4
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