Jetrader - March/April 2013 - 5

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
330 North Wabash Avenue, Suite 2000
Chicago, Illinois 60611 USA
Tel: +1.312.321.5169
Fax: +1.312.673.6579
www.ISTAT.org
Email: istat@istat.org

ISTAT BOARD OF DIRECTORS
OFFICERS
Joe Ozimek
President
John W. Vitale
Immediate Past President
Daniel J. Pietrzak
Vice President
Marc Allinson
Vice President/Treasurer
Gregory A. May
Vice President/Secretary
DIRECTORS
Ron Baur
Anthony Diaz
Jay Hancock
Dick Forsberg
Mark Pearman-Wright Douglas W. Runte
Mike Skinner
David P. Sutton
David Swan
Jep Thornton
Steven Townend
Warren Willits
Phil Seymour (Chairman, ISTAT International Appraisers
Program Board of Governors)
ISTAT INTERNATIONAL APPRAISERS’ PROGRAM
BOARD OF GOVERNORS
Phil Seymour
Chairman/Senior Appraiser
Olga Razzhivina
Senior Appraiser
Oliver Stuart-Menteth Senior Appraiser
John Beekman*
Richard Kruse*
Bert van Leeuwen*
Bruce Nicoletti*
Betsy R. Snyder*
Jack Feir (Appraiser Fellow, Administrative Director,
ISTAT International Appraisers’ Program)
*These individuals are not certified appraisers.
ISTAT FOUNDATION BOARD OF TRUSTEES
Warren Willits
Chairman
David P. Sutton
Vice Chairman
Joe Ozimek
ISTAT President
John W. Vitale
Immediate Past ISTAT President
Marc S. Allinson
Vice President/Treasurer
TRUSTEES
Julian Balaam
Robert Convey
Todd Freeman
Thomas W. Heimsoth
Dana J. Lockhart
Ron Pye

Robert Brown
Damon D’Agastino
Dean Gerber
Vito La Forgia
Ken Perich
Marco Sterk

INTERNATIONAL SOCIETY OF
TRANSPORT AIRCRAFT TRADING
Ron Pietrzak
Executive Director
Ben Barclay
Project Coordinator
Cynthia Cortis
Conference Director
Katie Walsh
Conference Senior Coordinator
Rebecca Holloway
Senior Associate
Marcia Daudelin
Senior Marketing Manager

from the
president

Joe Ozimek, President
International Society of Transport Aircraft Trading

Dear Fellow ISTAT Members,
It’s hard to believe it’s been two years since I took up the gavel as president of
ISTAT. However, knowing that we’re heading to yet another great annual meeting,
this year in Orlando, reminds me that my time as president will end.
Looking back, it’s been a fun two years. I’ve had the pleasure of helping lead
us toward an even more valuable ISTAT in terms of member value and participation.
Our membership has continued to grow (more than 2,800 as of year-end 2013),
and we’re realizing our goal of more airline involvement (now nearing 400 from
that sector). At the same time, as we expand ISTAT’s presence around the world,
our events continue to draw high marks (and attendance) from our members. And
financially, we’ve built healthy reserves (now nearly $10 million for ISTAT and the
Foundation combined) to ensure we can follow through on our strategic plans and
member-focused mission. And, here is a quiz…when was the last time ISTAT raised
dues? I’ll answer that at the conference.
Two years ago, we were focused on Asia as our next big expansion of membership. The conferences there have been a great success. We are now looking at the
Latin American market and are convinced that a footprint there would be in our
members’ interest.
As I’ve found in my work in Boeing, a whole lot gets done if you’re lucky enough
to be surrounded by a great team of co-workers. That certainly describes my experience as ISTAT president.
My fellow board members deserve many thanks for their enduring dedication
to making us a success. You, the members, elect the best and the brightest quite
consistently. They give freely of their time and manage their assignments in ISTAT
with great zeal (as many would describe to you if you were to ask them about any
of the board meeting proceedings).
I’d also like to acknowledge Boeing for allowing me the time to serve and for
contributing various resources to ISTAT’s success.
Last, but not least, is each of you fellow members. Without your investment of
time, effort and resources, we wouldn’t have the great organization we do. Many
thanks from your appreciative and soon-to-be past president!
As ISTAT’s leadership transitions over to Jep Thornton, you should know that he
shares the passion for keeping the society vibrant and relevant for our members and
that he and the incoming team are more than capable of ensuring our continued
success (read that, do an even better job than yours truly!).
It’s been a great honor to serve as ISTAT’s senior leader, and I look forward to
continuing to work with Jep (two more years on the board as past president), and
with each of you, as we continue to build an even bigger and better ISTAT!

Jetrader 5


http://www.ISTAT.org http://naylornetwork.com/ist-nxt/

Jetrader - March/April 2013

Table of Contents for the Digital Edition of Jetrader - March/April 2013

A Message from the President
Calendar/News
ISTAT Honors Renowned Airline Executive
State of the Regions: North America
Q&A: Paul A. Jacobson
Investment Thesis: Why Airplanes are Great Assets?
Remarket or Dismantle: That is the Question
What's Going On?
Aircraft Appraisals
Letter of Intent: Crafting Road Maps for Success
ISTAT Members on the Move
Advertiser.com/Advertiser Index
Jetrader - March/April 2013 - Cover1
Jetrader - March/April 2013 - Cover2
Jetrader - March/April 2013 - 3
Jetrader - March/April 2013 - 4
Jetrader - March/April 2013 - A Message from the President
Jetrader - March/April 2013 - 6
Jetrader - March/April 2013 - 7
Jetrader - March/April 2013 - Calendar/News
Jetrader - March/April 2013 - 9
Jetrader - March/April 2013 - ISTAT Honors Renowned Airline Executive
Jetrader - March/April 2013 - 11
Jetrader - March/April 2013 - 12
Jetrader - March/April 2013 - 13
Jetrader - March/April 2013 - 14
Jetrader - March/April 2013 - 15
Jetrader - March/April 2013 - State of the Regions: North America
Jetrader - March/April 2013 - 17
Jetrader - March/April 2013 - 18
Jetrader - March/April 2013 - Q&A: Paul A. Jacobson
Jetrader - March/April 2013 - 20
Jetrader - March/April 2013 - 21
Jetrader - March/April 2013 - 22
Jetrader - March/April 2013 - 23
Jetrader - March/April 2013 - Investment Thesis: Why Airplanes are Great Assets?
Jetrader - March/April 2013 - 25
Jetrader - March/April 2013 - 26
Jetrader - March/April 2013 - 27
Jetrader - March/April 2013 - 28
Jetrader - March/April 2013 - Remarket or Dismantle: That is the Question
Jetrader - March/April 2013 - 30
Jetrader - March/April 2013 - 31
Jetrader - March/April 2013 - 32
Jetrader - March/April 2013 - What's Going On?
Jetrader - March/April 2013 - 34
Jetrader - March/April 2013 - Aircraft Appraisals
Jetrader - March/April 2013 - 36
Jetrader - March/April 2013 - 37
Jetrader - March/April 2013 - Letter of Intent: Crafting Road Maps for Success
Jetrader - March/April 2013 - 39
Jetrader - March/April 2013 - ISTAT Members on the Move
Jetrader - March/April 2013 - 41
Jetrader - March/April 2013 - Advertiser.com/Advertiser Index
Jetrader - March/April 2013 - Cover3
Jetrader - March/April 2013 - Cover4
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