Jetrader - Spring 2017 - 7

®

20

23

Jetrader Editorial Board
John Vitale, Chair
President & CEO, Avitas, Inc.
Marc S. Allinson
ISTAT President, Executive Director,
Charlotte Parker
Bert van Leeuwen
Head of Aviation Research, DVB Bank SE
Thomas Heimsoth
President, Willow Aviation Services, LLC
Douglas W. Runte, CFA
Managing Director and Head of
Aviation Debt Research, Deutsche Bank
Marco Sterk
President, The Longbow Group, LLC
Jeff Straebler
Managing Director, John Hancock Life
Insurance Company
David Swan
Chief Operating Officer, SMBC Aviation Capital
Julie Wichlin
Executive Director, International Society
of Transport Aircraft Trading
The opinions expressed in this publication represent
those of the authors and may not necessarily reflect
the opinions, official policy or positions of ISTAT.

SPRING 2017

CONTENTS
FEATURES

10
14
20
23
32
35
36
39

Q&A: Klaus Heinemann, Partner, HH Kapital BV
Insights from the ISTAT Award winner

Forecast for the Global Economy and
Aviation in 2017: Turbulence Ahead
What will the Western move from globalization to isolationism do to the global
economy, and what will it mean for an industry that connects the globe?

Reaching the Peak: Asian Airline Analysis
In the aviation industry, all eyes are watching the growth of the
Asia-Pacific market

ISTAT Finishes the Year Strong
with Two Global Events
ISTAT organized two year-end events to cap off an eventful year

In the Beginning: The Birth of ISTAT
The beginning of ISTAT's history is finally told

2017 Finance Outlook:
Boeing Forecasts Diverse Sources & Players
Boeing says strength in the capital markets and innovative funding developments
will provide airlines and lessors efficient aircraft financing solutions in 2017

Defining Terms: Value, Definitions,
Unit Costs & More
This is the second article in the ISTAT appraisers' education project focused on the
concept of value, prices, economic inputs, unit costs, aircraft performance and the
impact of technological changes on value

Bright Future: An Interview with
ISTAT Scholar Ada Lo
An ISTAT Scholar highlights her goals in the industry
and the benefits of the Foundation.

IN EVERY ISSUE
5

A Message from
the President

8
40

Calendar/News

41
44
46
49
50

Aviation History

From the ISTAT
Photo Archives
Aircraft Appraisals
ISTAT Foundation
Advertiser Index

32

Advertiser.com

Jetrader wants YOU to be a part of the magazine.
Please send ideas for stories, 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 * Spring 2017 7



http://www.Advertiser.com

Jetrader - Spring 2017

Table of Contents for the Digital Edition of Jetrader - Spring 2017

A Message from the President
Calendar/News
Q&A: Klaus Heinemann, Partner, HH Kapital BV
Forecast for the Global Economy and Aviation in 2017: Turbulence Ahead
Reaching the Peak: Asian Airline Analysis
ISTAT Finishes the Year Strong with Two Global Events
In the Beginning: The Birth of ISTAT
2017 Finance Outlook: Boeing Forecasts Diverse Sources & Players
Defining Terms: Value, Definitions, Unit Costs & More
Bright Future: An Interview with ISTAT Scholar Ada Lo
From the ISTAT Photo Archives
Aviation History
Aircraft Appraisals
ISTAT Foundation
Advertiser Index
Advertiser.com
Jetrader - Spring 2017 - intro
Jetrader - Spring 2017 - cover1
Jetrader - Spring 2017 - cover2
Jetrader - Spring 2017 - 3
Jetrader - Spring 2017 - 4
Jetrader - Spring 2017 - A Message from the President
Jetrader - Spring 2017 - 6
Jetrader - Spring 2017 - 7
Jetrader - Spring 2017 - Calendar/News
Jetrader - Spring 2017 - 9
Jetrader - Spring 2017 - Q&A: Klaus Heinemann, Partner, HH Kapital BV
Jetrader - Spring 2017 - 11
Jetrader - Spring 2017 - 12
Jetrader - Spring 2017 - 13
Jetrader - Spring 2017 - Forecast for the Global Economy and Aviation in 2017: Turbulence Ahead
Jetrader - Spring 2017 - 15
Jetrader - Spring 2017 - 16
Jetrader - Spring 2017 - 17
Jetrader - Spring 2017 - 18
Jetrader - Spring 2017 - 19
Jetrader - Spring 2017 - Reaching the Peak: Asian Airline Analysis
Jetrader - Spring 2017 - 21
Jetrader - Spring 2017 - 22
Jetrader - Spring 2017 - ISTAT Finishes the Year Strong with Two Global Events
Jetrader - Spring 2017 - 24
Jetrader - Spring 2017 - 25
Jetrader - Spring 2017 - 26
Jetrader - Spring 2017 - 27
Jetrader - Spring 2017 - 28
Jetrader - Spring 2017 - 29
Jetrader - Spring 2017 - 30
Jetrader - Spring 2017 - 31
Jetrader - Spring 2017 - In the Beginning: The Birth of ISTAT
Jetrader - Spring 2017 - 33
Jetrader - Spring 2017 - 34
Jetrader - Spring 2017 - 2017 Finance Outlook: Boeing Forecasts Diverse Sources & Players
Jetrader - Spring 2017 - Defining Terms: Value, Definitions, Unit Costs & More
Jetrader - Spring 2017 - 37
Jetrader - Spring 2017 - 38
Jetrader - Spring 2017 - Bright Future: An Interview with ISTAT Scholar Ada Lo
Jetrader - Spring 2017 - From the ISTAT Photo Archives
Jetrader - Spring 2017 - Aviation History
Jetrader - Spring 2017 - 42
Jetrader - Spring 2017 - 43
Jetrader - Spring 2017 - Aircraft Appraisals
Jetrader - Spring 2017 - 45
Jetrader - Spring 2017 - ISTAT Foundation
Jetrader - Spring 2017 - 47
Jetrader - Spring 2017 - 48
Jetrader - Spring 2017 - Advertiser Index
Jetrader - Spring 2017 - Advertiser.com
Jetrader - Spring 2017 - cover3
Jetrader - Spring 2017 - cover4
Jetrader - Spring 2017 - outsert1
Jetrader - Spring 2017 - outsert2
Jetrader - Spring 2017 - outsert3
Jetrader - Spring 2017 - outsert4
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