ISTAT Jetrader - Summer 2020 - 22

RIGHT: Adam Pilarski, Ph.D,
senior vice president of
consulting at AVITAS Inc. and
2020 ISTAT Award Winner,
gave the keynote address on
Day Two.

LEFT: The Freighter Panel
was comprised of moderator
Dan Pietrzak, Robert Convey,
Richard Greener, Brian
McCarthy, Stephen Rimmer
and Wolfgang Schmid.

RIGHT: The Airline Panel was
comprised of moderator Doug
Winter, Jude Bricker, Amos
Kazzaz and Gerry Laderman.

or negative for investors. Beekman
took a first stab, saying "As an investor,
my view on it was the history we had
on EETCs was a static pool we could
understand through the life of it. With
the substitution rights now in place,
it would need to be looked at from
an investor perspective as a dynamic
pool. You're relying on the appraisers
and rating agencies to assign value.
This changes the product and adds a
level of risk." Runte suggested that
EETC structures work well, but while
the intent of the substitution language
was good, the drafting of it needs to
be tightened.
22

* 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

The audience also asked if the
panel thinks there will be more or fewer
airline bankruptcies this year. Everyone
said more bankruptcies.
The Lessor CCO Panel rounded
out the first day, moderated by David
Swan, chief operating officer at SMBC
Aviation Capital, and including Eamonn
Forbes, chief commercial officer at
FPG Amentum; Declan Kelly, chief
commercial officer at GECAS; Paul
O'Dwyer, chief commercial officer at
ORIX Aviation; and Doug Winter, chief
commercial officer at Aircastle.
Swan started the panel by
acknowledging the complexity of

the current market and asking how
one navigates through it. Each
panelist discussed his company's
business position.

Day Two
ISTAT Americas Committee Member
Dean Gerber provided opening remarks
for Day Two and introduced ISTAT
Award Winner Adam Pilarski, Ph.D,
senior vice president of consulting at
AVITAS, who gave the keynote address.
In true Adam Pilarski fashion, he began
with a joke: "It's not easy to speak
today because yesterday all the other
subjects were covered." He focused his



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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