® JANUARY/FEBRUARY 2011 CONTENTS FEATURES 7 12 Q&A: Joe Ozimek Incoming ISTAT President and Managing Director Airplanes Programs and Valuations, Boeing Capital Corporation, shares his thoughts on the past, present and future of ISTAT 8 9 12 15 19 In Memory of Morten S. Beyer Remembering one of ISTAT’s founding members State of the Regions: Latin America Tomorrow’s market is here today Trends in Aircraft Values What to expect as signs point to recovery Fleet Renewal Activity: A Rising Influence in the Aircraft Market Understanding the common factors that drive an airline to implement a fleet renewal program 19 Fixin’ the System Lean/continual improvement in aircraft repair and maintenance at FedEx Express IN EVERY ISSUE 20 3 6 17 A Message from the President Calendar/News Aircraft Appraisals 20 22 Aviation History Advertiser.com/ Advertiser Index Jetrader wants YOU to be a part of the magazine. To contribute, send your ideas for editorial topics to Jennifer Kasowicz at jkasowicz@istat.org. Jetrader Editorial Board Thomas Heimsoth, Chair Bill Bath Sigthor Einarsson Douglas Runte Marco Sterk Bert van Leeuwen John Vitale Jetrader 5