Jetrader - September/October 2010 - 40

Hafthor Hafsteinsson in 2006.

Hafthor Hafsteinsson in the cockpit of Iceland’s first jet, a Boeing 727-108C. The picture was taken in Roswell, New Mexico, just prior to the aircraft being scrapped in 2008. Hafthor was instrumental in saving the aircraft’s nose section for preservation in the Icelandic Aviation Museum.

Boeing 747 designer Joe Sutter with Hafthor Hafsteinsson at the Icelandic Aviation Museum in 2007.

to become the world’s leading ACMI airline with close to 60 aircraft. His vision and drive were instrumental in this growth where he remained very much involved in daily operations and kept very close and personal contact with all of Atlanta’s customers all over of the world. In 2005 Air Atlanta – Icelandic, along with other aviation-related businesses such as Avia Technical Services, became part of Avion Group. Hafthor become the joint CEO of the new logistic and transport company heading the aviation division and served on the board of a number of the subsidiaries. Avion Aircraft Trading was formed in

late 2005 to serve as the fleet acquisition and management tool for the joint fleet of airlines within the group. In 2006 Hafthor left Avion Group to become the Executive Chairman of AAT, which he later purchased in a MBO with his closest associates. Hafthor kept that position until his untimely passing. During these short four years, AAT became a very active player in the aircraft-trading scene with more than 40 aircraft transactions—most of which were widebody freighters or passenger to freighter conversions. In his early years in aviation, Hafthor was very active in sport flying and helped

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organize several competitions and other events for private pilots. He never lost his enthusiasm for grassroots aviation, and only a year before his tragic death Hafthor had renewed his private pilot’s license and bought a share in a flying club. Hafthor was also very much aware of need to preserve aviation history and was a strong supporter of the Icelandic Aviation Museum in Akureyri, Iceland. He also took an active role in the development of aviation training in Iceland, serving on the board of the Icelandic Flight Academy for several years. Hafthor was a long-standing ISTAT member who actively attended conferences as speaker, delegate and sponsor. He will be remembered as one of the most likeable characters in the industry whose generosity and light spirits left no one untouched. His relationship to and respect for ISTAT was such that some of his closest colleagues and friends within the community decided to establish a scholarship fund in his memory. The fundraising was exceptionally successful with more than $147,700 raised, reflecting on the tremendous respect and goodwill that Hafthor enjoyed. The fund is raised and managed under the umbrella of ISTAT Foundation. A special thanks to Steve Rimmer of Guggenheim Aviation Partners for being the driving force behind this effort. Those who missed the opportunity to donate in the memory of Hafthor can still do so by contacting the Foundation at 312.321.5169.


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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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