Jetrader - May/June 2011 - 18

Conference Keynote

NextGen– Fueling the Future
FAA Administrator J. Randolph Babbitt
ISTAT was pleased to introduce U.S. Federal Aviation Administration (FAA) Administrator J. Randolph Babbitt to give the Keynote Address at the 2011 Annual Conference, 13-15 March at the Westin Kierland in Scottsdale, Arizona. Administrator Babbitt is a veteran pilot and an internationally-recognized expert in aviation and labor relations, and his address was one not to miss. Below is an excerpt from his speech. ISTAT was created about 30 years ago to bring more order and better practices into the business of valuing aircraft. Executives recognized the need for professional appraisers and the need for professional standards. They launched the highly respected association that meets here today. I’m heartened that the economy has begun to turn around and that there is good news for this industry. Airplane manufacturers in this room have back orders for thousands of aircraft. There’s a huge demand for single-aisle planes as well as new, wide-body aircraft in development. Air travel is projected to grow, with even stronger growth in Asia and developing countries. Last year, despite a challenging economic environment, 713 million passengers flew on U.S. airlines. We expect to see stronger growth this year. We’re projecting an increase of 3.5 percent. This is all good. But now is not the time to rest. Now is the right time to invest in safety and innovation. Delaying infrastructure investment means the long-term cost to our system—to our passengers and our environment alike—will far exceed the cost of a timely deployment of technology today.

The investment that you are making in these aircraft and in NextGen avionics is going to help transform our national airspace system. The United States and the rest of the world are changing the way we all handle air traffic. Satellite-based technologies are revolutionizing aviation. Aircraft will be safer, quieter, more efficient and they will burn less fuel and emit fewer greenhouse gases. There is a strong business case for NextGen that many companies have already embraced. They are seeing fuel savings, which is key. Southwest estimates it will save $60 million per year in fuel when it uses NextGen arrival procedures at airports across the country. Southwest started using the precision procedures at a dozen airports this year. In the Gulf of Mexico, helicopters are saving about 100 pounds of fuel per flight thanks to more direct routes because of GPS-based surveillance. They’re also shaving five to 10 minutes off flight time, and there’s a lot of them. Airlines flying over the Pacific are taking advantage of a combination of improved capabilities to save 200 to 300 gallons per flight. Over time, that’s a lot of fuel—and a lot of savings—especially at today’s prices. There are numerous other advantages to NextGen in addition to lower fuel burn. In Alaska, where mountains cut off large areas from radar coverage, we outfitted general aviation planes with state-of-the-art NextGen cockpit displays. This gave pilots better weather information and a clearer view of mountainous terrain. It cut the accident rate almost in half. Alaska Airlines has long been a pioneer in NextGen and is the only U.S. carrier to fully equip its entire fleet for high performance, GPS-based procedures. This allows aircraft to navigate precisely through mountainous terrain in low-visibility conditions. The company estimates it would have cancelled 729 flights last year into Juneau alone due to bad weather if it were not for the GPS-based approaches. Those were passengers who got in. No diversions. No ground holds. By not cancelling those flights, Alaska Airlines saved $7.5 million last year, and passengers got where they wanted to go.

18 The official publication of the International Society of Transport Aircraft Trading



Jetrader - May/June 2011

Table of Contents for the Digital Edition of Jetrader - May/June 2011

Jetrader - May/June 2011
A Message from the President
Contents
Calendar/News
Progress Through Innovation at ISTAT 28th Annual Conference
NextGen—Fueling the Future
Plant Promise
State of the Regions: Asia Pacific
Aircraft Appraisal
From the ISTAT Foundation
Advertiser.com/ Advertiser Index
Jetrader - May/June 2011 - Jetrader - May/June 2011
Jetrader - May/June 2011 - Cover2
Jetrader - May/June 2011 - A Message from the President
Jetrader - May/June 2011 - 4
Jetrader - May/June 2011 - Contents
Jetrader - May/June 2011 - 6
Jetrader - May/June 2011 - Calendar/News
Jetrader - May/June 2011 - Progress Through Innovation at ISTAT 28th Annual Conference
Jetrader - May/June 2011 - 9
Jetrader - May/June 2011 - 10
Jetrader - May/June 2011 - 11
Jetrader - May/June 2011 - 12
Jetrader - May/June 2011 - 13
Jetrader - May/June 2011 - 14
Jetrader - May/June 2011 - 15
Jetrader - May/June 2011 - 16
Jetrader - May/June 2011 - 17
Jetrader - May/June 2011 - NextGen—Fueling the Future
Jetrader - May/June 2011 - 19
Jetrader - May/June 2011 - Plant Promise
Jetrader - May/June 2011 - 21
Jetrader - May/June 2011 - 22
Jetrader - May/June 2011 - State of the Regions: Asia Pacific
Jetrader - May/June 2011 - 24
Jetrader - May/June 2011 - Aircraft Appraisal
Jetrader - May/June 2011 - 26
Jetrader - May/June 2011 - From the ISTAT Foundation
Jetrader - May/June 2011 - 28
Jetrader - May/June 2011 - 29
Jetrader - May/June 2011 - Advertiser.com/ Advertiser Index
Jetrader - May/June 2011 - Cover3
Jetrader - May/June 2011 - Cover4
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