ISTAT Jetrader - Spring 2021 - 26

offerings have flourished, and we
continue to shuffle our schedule so as
to be ready when the world returns to
normal. I am perhaps most proud of
the ISTAT Board's decision last year
to grant an additional US$500,000

Dean N. Gerber
General Counsel at Orix Aviation
Incoming ISTAT President
*Aired on 9 December 2020

On the Foundation Board and
the ISTAT Board:
My ISTAT involvement first started with
ISTAT Foundation work, having initially
been involved on the fundraising
committee and thereafter joining the
Foundation Board about 10 years
ago. Back in those days, Warren
Willits was the chair, and he was
one of the visionaries behind many
of the programs we see today. I had
friends on the board, and serving with
them was tremendously rewarding.
Eventually, I rolled off that board
and, given my prior involvement, a
couple years later I was fortunate
enough to be appointed to the ISTAT
board to fill a vacancy. I served under
board presidents Jep Thornton, Marc
Allinson, Doug Runte and, most
recently, Gerry Butler. The growth
and development of ISTAT during this
period was incredible due in large
part to not only their leadership, but
the sense of mission and camaraderie
demonstrated by the entire board,
which made my service even more
enjoyable. Feeling as inspired as I
did, they never got rid of me. I have
since been elected secretary, then
treasurer and, most recently, incoming
president, succeeding Gerry. Through
it all, I have thoroughly enjoyed my
ISTAT association both as a member
and in leadership. At its core, ISTAT
is a networking organization, and the
recent pandemic has certainly created
challenges to our normal operations,
but ISTAT has persevered. Our online
26

* T H E O F F I C I A L P U B L I C AT I O N O F I S TAT

M&A type activities - all of which will
highlight the winners and the losers
coming out of the pandemic. It's cliché,
I know, but the past is prologue. So, it's
important that we hold on to the lessons
learned and gain some perspective

ISTAT is a nonprofit. A huge amount goes toward
enhancing education, humanitarian, scholarships, and
trying to make other people's lives better.
to the Foundation in support of
COVID-19 relief, focused principally
on aviation-related charities. What
a terrific way for our organization to
respond to a global crisis. Looking
forward, ISTAT will continue its
mission of providing industry leading
networking events and extraordinary
educational opportunities, overseeing
its world-class appraisers program
and investing the in future through the
ISTAT Foundation.
On his advice for younger people
in the industry:
Try to soak in everything you're seeing
and hearing right now. I had been
practicing law for a little over 15 years
when the 9/11 events transpired, and
those events have been impactful to me
and my perspective on our industry in
the context of my practice ever since.
Indeed, I learned more about the law
and the business of leasing in those
few years following 9/11 than I did in
the preceding 15. This pandemic has
taken all of that several steps further.
Look at the sheer number of airline
failures over the last eight months,
including some airlines who just a few
months back were some of the darlings
of the industry. Look at the volatility
in aircraft values and swift demise of
certain aircraft types. And look at what
we are likely going to see soon in terms
of reorganizations, consolidations,

from all that is happing as it will help
guide us in making better decisions
down the road. As I'm fond of saying,
" never say never. " This is a tough time
for our industry, but it remains resilient
and will most certainly bounce back to
pre-pandemic levels. It's not an " if, "
but a " when. " So soak it in, because
it really is a remarkable time, and the
perspective and knowledge you take
from this will inform you for the rest of
your careers.

Celine Fornaro
Managing Director and Head of
European Industrial Research,
UBS London
*Aired on 17 December 2020

On green aviation, both from an
industry and consumer perspective:
Green aviation is probably the most
exciting topic for the industry over
the next 10 years. Everyone that
looks at the COVID downturn should
think that the industry is on the cusp
of embracing new technologies,



ISTAT Jetrader - Spring 2021

Table of Contents for the Digital Edition of ISTAT Jetrader - Spring 2021

ISTAT Jetrader - Spring 2021
From the President
News & Events
Perspectives: Q&A With Abdol Moabery
Voices of Aviation
On the Rise
ISTAT Foundation
Appraisal: Boeing 737-900ER and Airbus A321-200
At a Glance: Joel Wagner
From the Vault: Favorite Moments from the Past Five Years
Advertiser Index
ISTAT Jetrader - Spring 2021 - Intro
ISTAT Jetrader - Spring 2021 - ISTAT Jetrader - Spring 2021
ISTAT Jetrader - Spring 2021 - Cover2
ISTAT Jetrader - Spring 2021 - 1
ISTAT Jetrader - Spring 2021 - From the President
ISTAT Jetrader - Spring 2021 - 3
ISTAT Jetrader - Spring 2021 - 4
ISTAT Jetrader - Spring 2021 - 5
ISTAT Jetrader - Spring 2021 - 6
ISTAT Jetrader - Spring 2021 - 7
ISTAT Jetrader - Spring 2021 - News & Events
ISTAT Jetrader - Spring 2021 - 9
ISTAT Jetrader - Spring 2021 - Perspectives: Q&A With Abdol Moabery
ISTAT Jetrader - Spring 2021 - 11
ISTAT Jetrader - Spring 2021 - 12
ISTAT Jetrader - Spring 2021 - 13
ISTAT Jetrader - Spring 2021 - 14
ISTAT Jetrader - Spring 2021 - 15
ISTAT Jetrader - Spring 2021 - Voices of Aviation
ISTAT Jetrader - Spring 2021 - 17
ISTAT Jetrader - Spring 2021 - 18
ISTAT Jetrader - Spring 2021 - 19
ISTAT Jetrader - Spring 2021 - 20
ISTAT Jetrader - Spring 2021 - 21
ISTAT Jetrader - Spring 2021 - 22
ISTAT Jetrader - Spring 2021 - 23
ISTAT Jetrader - Spring 2021 - 24
ISTAT Jetrader - Spring 2021 - 25
ISTAT Jetrader - Spring 2021 - 26
ISTAT Jetrader - Spring 2021 - 27
ISTAT Jetrader - Spring 2021 - On the Rise
ISTAT Jetrader - Spring 2021 - 29
ISTAT Jetrader - Spring 2021 - 30
ISTAT Jetrader - Spring 2021 - 31
ISTAT Jetrader - Spring 2021 - 32
ISTAT Jetrader - Spring 2021 - 33
ISTAT Jetrader - Spring 2021 - ISTAT Foundation
ISTAT Jetrader - Spring 2021 - 35
ISTAT Jetrader - Spring 2021 - Appraisal: Boeing 737-900ER and Airbus A321-200
ISTAT Jetrader - Spring 2021 - 37
ISTAT Jetrader - Spring 2021 - 38
ISTAT Jetrader - Spring 2021 - 39
ISTAT Jetrader - Spring 2021 - At a Glance: Joel Wagner
ISTAT Jetrader - Spring 2021 - 41
ISTAT Jetrader - Spring 2021 - From the Vault: Favorite Moments from the Past Five Years
ISTAT Jetrader - Spring 2021 - 43
ISTAT Jetrader - Spring 2021 - Advertiser Index
ISTAT Jetrader - Spring 2021 - Cover3
ISTAT Jetrader - Spring 2021 - Cover4
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