ISTAT Jetrader - Summer 2020 - 12

PERSPECTIVES

Nils Hallerstrom
ISTAT PDP Program Director, Member of the Boards
of Novus Aviation Capital and Rockton Aviation

Jetrader spoke to Nils Hallerstrom, ISTAT PDP
program director and member of the boards of
Novus Aviation Capital and Rockton Aviation,
about his career, changes he's seen over the
years, COVID-19 and more.
Jetrader: Where did you begin your
career, and what do you spend most
of your time doing now?
Nils Hallerstrom (NH): I decided to
get into aviation when I was 4. My
neighbor was a flight attendant on the
Douglas DC-7C flying to New York and
Tokyo via Anchorage. She was like
a movie star in my mind. I built and
flew model airplanes and then went
on to study aeronautical engineering
in Stockholm at the Royal Institute of
Technology. After a stint at SAAB on
the SAAB 340 program, I attended the
London School of Economics to study
Finance. In 1984, I joined PK Finance in
Luxembourg, and in 1988, the aircraft
finance arm went with Credit Lyonnais
and became PK AirFinance. One of my
teammates was Jep Thornton; he tried
really hard to take me out of the "nerd
zone" - with mixed results. After a
few years in New York, I came back to
Luxembourg to run the company - in
1991 - in a terrible downturn. That
was an expensive education in aircraft
financing for all of us. We were sold to
GECAS in 2000, and with their clout
and footprint, the company grew and
prospered. I retired at the end of 2018
and began serving on the board of
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* 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

Novus Aviation Capital and Rockton AB.
In addition, I run the ISTAT Professional
DevelopmentĀ Program.
Jetrader: When did you first get
involved with ISTAT?
NH: I think I was at the very first
conference in either 1984 or '85. I
joined PK in '84. It was a really small
group then. One of my compatriots,
which is very unusual, because there
are few of us in Luxembourg, was
Johannes Einarsson, who was the chief
operating officer of Cargolux; he was
one of the founding core members
of ISTAT, and he later became its
president. I think it was his initiative to
start ISTAT's conferences in Europe. It
began as a small and cozy gathering.
There was a wave when things
started to pick up in the mid-'90s, and
certainly after 2009 and the financial
crisis, there's been tremendous growth.
Everybody started to get into aircraft
financing. In the beginning, it was
mainly a few appraisers and a few fleet
managers at the airlines who met to
discuss trading aircraft. The appraisers
were there to help with the valuations,
and then bankers, lessors, lawyers and
analysts joined the ranks.



ISTAT Jetrader - Summer 2020

Table of Contents for the Digital Edition of ISTAT Jetrader - Summer 2020

ISTAT Jetrader - Summer 2020
From the President
News & Events
Perspectives: Q&A With Nils Hallerstrom
Live from Austin
Fixing the Leaky Pipeline
ISTAT Certified Appraisers: Valuing Aircraft During Market Disruptions
Aviation History: The Avro Canada Arrow
A Tribute to Jack B. Feir
Appraisal: A330 Freighters and Boeing 777F
ISTAT Foundation: Thinking Globally
Advertiser Index
ISTAT Jetrader - Summer 2020 - Intro
ISTAT Jetrader - Summer 2020 - ISTAT Jetrader - Summer 2020
ISTAT Jetrader - Summer 2020 - Cover2
ISTAT Jetrader - Summer 2020 - 1
ISTAT Jetrader - Summer 2020 - From the President
ISTAT Jetrader - Summer 2020 - 3
ISTAT Jetrader - Summer 2020 - 4
ISTAT Jetrader - Summer 2020 - 5
ISTAT Jetrader - Summer 2020 - 6
ISTAT Jetrader - Summer 2020 - 7
ISTAT Jetrader - Summer 2020 - News & Events
ISTAT Jetrader - Summer 2020 - 9
ISTAT Jetrader - Summer 2020 - 10
ISTAT Jetrader - Summer 2020 - 11
ISTAT Jetrader - Summer 2020 - Perspectives: Q&A With Nils Hallerstrom
ISTAT Jetrader - Summer 2020 - 13
ISTAT Jetrader - Summer 2020 - 14
ISTAT Jetrader - Summer 2020 - 15
ISTAT Jetrader - Summer 2020 - Live from Austin
ISTAT Jetrader - Summer 2020 - 17
ISTAT Jetrader - Summer 2020 - 18
ISTAT Jetrader - Summer 2020 - 19
ISTAT Jetrader - Summer 2020 - 20
ISTAT Jetrader - Summer 2020 - 21
ISTAT Jetrader - Summer 2020 - 22
ISTAT Jetrader - Summer 2020 - 23
ISTAT Jetrader - Summer 2020 - 24
ISTAT Jetrader - Summer 2020 - 25
ISTAT Jetrader - Summer 2020 - 26
ISTAT Jetrader - Summer 2020 - 27
ISTAT Jetrader - Summer 2020 - 28
ISTAT Jetrader - Summer 2020 - 29
ISTAT Jetrader - Summer 2020 - Fixing the Leaky Pipeline
ISTAT Jetrader - Summer 2020 - 31
ISTAT Jetrader - Summer 2020 - 32
ISTAT Jetrader - Summer 2020 - 33
ISTAT Jetrader - Summer 2020 - 34
ISTAT Jetrader - Summer 2020 - 35
ISTAT Jetrader - Summer 2020 - ISTAT Certified Appraisers: Valuing Aircraft During Market Disruptions
ISTAT Jetrader - Summer 2020 - 37
ISTAT Jetrader - Summer 2020 - 38
ISTAT Jetrader - Summer 2020 - 39
ISTAT Jetrader - Summer 2020 - Aviation History: The Avro Canada Arrow
ISTAT Jetrader - Summer 2020 - 41
ISTAT Jetrader - Summer 2020 - 42
ISTAT Jetrader - Summer 2020 - 43
ISTAT Jetrader - Summer 2020 - 44
ISTAT Jetrader - Summer 2020 - 45
ISTAT Jetrader - Summer 2020 - A Tribute to Jack B. Feir
ISTAT Jetrader - Summer 2020 - 47
ISTAT Jetrader - Summer 2020 - Appraisal: A330 Freighters and Boeing 777F
ISTAT Jetrader - Summer 2020 - 49
ISTAT Jetrader - Summer 2020 - 50
ISTAT Jetrader - Summer 2020 - 51
ISTAT Jetrader - Summer 2020 - 52
ISTAT Jetrader - Summer 2020 - 53
ISTAT Jetrader - Summer 2020 - ISTAT Foundation: Thinking Globally
ISTAT Jetrader - Summer 2020 - 55
ISTAT Jetrader - Summer 2020 - Advertiser Index
ISTAT Jetrader - Summer 2020 - Cover3
ISTAT Jetrader - Summer 2020 - Cover4
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