Jetrader - September/October 2010 - 3

from the president
Jetrader is a bi-monthly 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 401 N. Michigan Ave., Suite 2400 Chicago, IL 60611 USA Tel: 312.321.5169 Fax: 312.673.6579 www.ISTAT.org E-mail: istat@istat.org ISTAT BOARD OF DIRECTORS OFFICERS John W. Vitale President Michael Platt Immediate Past President Gregory A. May Vice President Marc Allinson Vice President/Treasurer Peter Huijbers Vice President/Secretary DIRECTORS Fred Klein Sigthor Einarsson Will Hudson Daniel J. Pietrzak Jep Thornton Mike Skinner Anthony Diaz Jay W. Hancock Joseph W. Ozimek Mark Pearman-Wright David P. Sutton Douglas Runte

John W. Vitale, President International Society of Transport Aircraf t Trading

Dear fellow ISTAT members, As I sit here today, reflecting on the Farnborough Airshow and the excitement of the newest developments in the industry, I am proud to report that a record number of 1,005 attendees joined us in London for the ISTAT reception. I am in an optimistic mood. The industry is certainly showing signs of improvement on several fronts, but we are probably far from “recovered.” Many storm clouds and significant uncertainty remain, but activity levels are certainly improving. ISTAT’s mission continues to be as relevant and essential as it was at our founding in 1983: “…to act as a forum and to promote improved communication 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.” From time to time, members have asked the Board of Directors to consider advocating on various issues. For many reasons, we have thus far opted not to take public positions on industry issues. Primarily, we are not structured to be a lobbying organization. To do this effectively, we would need to expend significant resources to build this capability. Perhaps more significant is the fact that we have a very broad membership. If we were to take one side of an issue, we would inevitably be working against the interests of a significant portion of our membership. The Board has consistently decided that ISTAT is most effective in providing a forum for discussing the issues affecting our industry. To that end, I look forward to seeing you all in Munich for our ISTAT 17th European Conference.

ISTAT INTERNATIONAL APPRAISERS’ PROGRAM BOARD OF GOVERNORS Fred J. Klein Chairman | Senior Appraiser Robert F. Agnew Senior Appraiser Ken de Jaeger Senior Appraiser William Bath Appraiser Fellow/Administrative Director, ISTAT International Appraisers’ Program Steve Boecker Albert A. Nigro Tony Whitty ISTAT FOUNDATION David P. Sutton John W. Vitale Michael Platt Stephen T. Rimmer Marc Allinson TRUSTEES Julian Balaam Wolfgang Driese Thomas W. Heimsoth Roland H. Moore, Esq. Ken Perich David Treitel Douglas Emerson Jeffrey Tenen

Chairman ISTAT President ISTAT Past President Vice Chairman Vice President/Treasurer Jon Batchelor Dean Gerber Dana J. Lockhart Chris Partridge Marco Sterk Warren Willits

INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING Ron Pietrzak Executive Director Ben Barclay Project Coordinator Cynthia Cortis Conference Manager Michelle Towsey Conference Senior Coordinator Rebecca Holloway Senior Associate Jennifer Kasowicz Senior Marketing Communications Manager

Jetrader 3


http://www.ISTAT.org

Table of Contents for the Digital Edition of Jetrader - September/October 2010

Jetrader - September/October 2010
A Message from the President
Contents
Calendar/New
Q&A: Dr. Alan Epstein
Commercial Outlook is Up as Economies Rebound
Crisis, What Crisis?
The Big Question
Funding Fundamentals
Is That a Lawsuit in Your Luggage?
AFRA Sets Ambitious Challenge for Aircraft Recycling Sector
Road to Recovery
Remembering Hafthor Hafsteinsson
License to Fly
Aircraft Appraisals
From the ISTAT Foundation
Aviation History
Advertiser.com/Advertiser Index
Jetrader - September/October 2010 - Jetrader - September/October 2010
Jetrader - September/October 2010 - Cover2
Jetrader - September/October 2010 - A Message from the President
Jetrader - September/October 2010 - 4
Jetrader - September/October 2010 - Contents
Jetrader - September/October 2010 - 6
Jetrader - September/October 2010 - Calendar/New
Jetrader - September/October 2010 - 8
Jetrader - September/October 2010 - Q&A: Dr. Alan Epstein
Jetrader - September/October 2010 - 10
Jetrader - September/October 2010 - 11
Jetrader - September/October 2010 - Commercial Outlook is Up as Economies Rebound
Jetrader - September/October 2010 - 13
Jetrader - September/October 2010 - 14
Jetrader - September/October 2010 - 15
Jetrader - September/October 2010 - Crisis, What Crisis?
Jetrader - September/October 2010 - 17
Jetrader - September/October 2010 - 18
Jetrader - September/October 2010 - 19
Jetrader - September/October 2010 - 20
Jetrader - September/October 2010 - The Big Question
Jetrader - September/October 2010 - 22
Jetrader - September/October 2010 - 23
Jetrader - September/October 2010 - Funding Fundamentals
Jetrader - September/October 2010 - 25
Jetrader - September/October 2010 - 26
Jetrader - September/October 2010 - 27
Jetrader - September/October 2010 - 28
Jetrader - September/October 2010 - Is That a Lawsuit in Your Luggage?
Jetrader - September/October 2010 - 30
Jetrader - September/October 2010 - 31
Jetrader - September/October 2010 - AFRA Sets Ambitious Challenge for Aircraft Recycling Sector
Jetrader - September/October 2010 - 33
Jetrader - September/October 2010 - 34
Jetrader - September/October 2010 - 35
Jetrader - September/October 2010 - Road to Recovery
Jetrader - September/October 2010 - 37
Jetrader - September/October 2010 - 38
Jetrader - September/October 2010 - Remembering Hafthor Hafsteinsson
Jetrader - September/October 2010 - 40
Jetrader - September/October 2010 - 41
Jetrader - September/October 2010 - 42
Jetrader - September/October 2010 - License to Fly
Jetrader - September/October 2010 - 44
Jetrader - September/October 2010 - Aircraft Appraisals
Jetrader - September/October 2010 - 46
Jetrader - September/October 2010 - From the ISTAT Foundation
Jetrader - September/October 2010 - Aviation History
Jetrader - September/October 2010 - 49
Jetrader - September/October 2010 - Advertiser.com/Advertiser Index
Jetrader - September/October 2010 - Cover3
Jetrader - September/October 2010 - Cover4
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