ISTAT Jetrader - Winter 2019 - 10
PERSPECTIVES
Gerry Laderman
Executive Vice President and Chief Financial
Officer, United Airlines
Jetrader spoke to Gerry Laderman, executive
vice president and chief financial officer of United
Airlines, about his career, changes he's seen over
the years, the regional aircraft segment and more.
Jetrader: Where did you begin your
career, and how did you get started
at United Airlines?
Gerry Laderman (GL): When I began
my career, I had absolutely no idea I
would end up in the airline business.
I went straight from college to law
school. Upon graduation from law
school in 1982, I became an associate
at Hughes, Hubbard & Reed, a large
New York law firm. One of the firm's
clients happened to be Texas Air
Corporation, which controlled several
airlines, including Continental, and New
York Air and, ultimately, Eastern Airlines
and People Express. I started working
on the Texas Air account and, over the
next several years, ended up spending
almost all my time working on aircraft
financing transactions for the Texas Air
family of airlines.
In 1988, the general council of
Texas Air invited me to join its legal
department. I accepted the invitation
and moved from New York down to
Houston. Just to hedge my bets, I took
a leave of absence from the law firm
because I didn't think I'd be staying in
Houston for an extended period of time.
My work for Texas Air was split between
Continental and Eastern. Eastern filed
for bankruptcy in 1989 and ultimately
went out of business, so all my work
shifted to Continental. Continental
had its own bankruptcy starting in
10
* 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
1990 but successfully emerged from
bankruptcy in 1993. As a member of
the legal department, I was part of the
team involved in the restructuring of
the airline.
Following Continental's emergence
from bankruptcy, I took the opportunity
to move out of the legal department.
My first non-legal role was as vice
president of aircraft programs, and my
team was responsible for implementing
the fleet plan. We managed the
airline's relationships with Boeing,
Airbus and the other OEMs, negotiated
the acquisition and sale of aircraft,
and worked with the treasury team
on financing the aircraft. In 1995,
when we had a leadership change at
Continental, Gordon Bethune became
CEO and brought in a new CFO, Larry
Kellner. Larry needed somebody to
focus on restructuring the balance
sheet and meeting the financing
requirements for the airline. As a result,
I moved to finance and, over the years,
took on additional responsibilities. By
the time of the merger with United
in 2010, I was senior vice president
of finance and treasurer, overseeing
treasury, corporate finance, fleet, risk
management, procurement, tax and
a few other areas. I continued in this
role at United until a few years ago.
After a couple of stints as acting CFO, I
become the permanent CFO in 2018.
ISTAT Jetrader - Winter 2019
Table of Contents for the Digital Edition of ISTAT Jetrader - Winter 2019
ISTAT Jetrader - Winter 2019
From the President
News & Event Calendar
News & Event Calendar
Perspectives: Q&A With Gerry Laderman
Bracing for Change
An Industry in Transition
The Bedrock of Tomorrow’s Leaders
The Future of Trading
Aviation History: Boeing Stratoliner
Aviation History: Boeing Stratoliner
Appraisal: CF34-8 and RB211-535
Appraisal: CF34-8 and RB211-535
ISTAT Foundation: Q&A With a Grant Recipient
ISTAT Foundation: Q&A With a Grant Recipient
At a Glance: Barbara FitzGerald
What’s Next: ISTAT Flies to Austin, Texas
Advertiser Index
ISTAT Jetrader - Winter 2019 - Intro
ISTAT Jetrader - Winter 2019 - ISTAT Jetrader - Winter 2019
ISTAT Jetrader - Winter 2019 - Cover2
ISTAT Jetrader - Winter 2019 - 1
ISTAT Jetrader - Winter 2019 - From the President
ISTAT Jetrader - Winter 2019 - 3
ISTAT Jetrader - Winter 2019 - 4
ISTAT Jetrader - Winter 2019 - 5
ISTAT Jetrader - Winter 2019 - 6
ISTAT Jetrader - Winter 2019 - 7
ISTAT Jetrader - Winter 2019 - News & Event Calendar
ISTAT Jetrader - Winter 2019 - 9
ISTAT Jetrader - Winter 2019 - Perspectives: Q&A With Gerry Laderman
ISTAT Jetrader - Winter 2019 - 11
ISTAT Jetrader - Winter 2019 - 12
ISTAT Jetrader - Winter 2019 - 13
ISTAT Jetrader - Winter 2019 - Bracing for Change
ISTAT Jetrader - Winter 2019 - 15
ISTAT Jetrader - Winter 2019 - 16
ISTAT Jetrader - Winter 2019 - 17
ISTAT Jetrader - Winter 2019 - 18
ISTAT Jetrader - Winter 2019 - 19
ISTAT Jetrader - Winter 2019 - 20
ISTAT Jetrader - Winter 2019 - 21
ISTAT Jetrader - Winter 2019 - 22
ISTAT Jetrader - Winter 2019 - 23
ISTAT Jetrader - Winter 2019 - 24
ISTAT Jetrader - Winter 2019 - 25
ISTAT Jetrader - Winter 2019 - An Industry in Transition
ISTAT Jetrader - Winter 2019 - 27
ISTAT Jetrader - Winter 2019 - 28
ISTAT Jetrader - Winter 2019 - 29
ISTAT Jetrader - Winter 2019 - The Bedrock of Tomorrow’s Leaders
ISTAT Jetrader - Winter 2019 - 31
ISTAT Jetrader - Winter 2019 - 32
ISTAT Jetrader - Winter 2019 - 33
ISTAT Jetrader - Winter 2019 - The Future of Trading
ISTAT Jetrader - Winter 2019 - 35
ISTAT Jetrader - Winter 2019 - 36
ISTAT Jetrader - Winter 2019 - 37
ISTAT Jetrader - Winter 2019 - Aviation History: Boeing Stratoliner
ISTAT Jetrader - Winter 2019 - 39
ISTAT Jetrader - Winter 2019 - 40
ISTAT Jetrader - Winter 2019 - 41
ISTAT Jetrader - Winter 2019 - 42
ISTAT Jetrader - Winter 2019 - 43
ISTAT Jetrader - Winter 2019 - Appraisal: CF34-8 and RB211-535
ISTAT Jetrader - Winter 2019 - 45
ISTAT Jetrader - Winter 2019 - 46
ISTAT Jetrader - Winter 2019 - 47
ISTAT Jetrader - Winter 2019 - ISTAT Foundation: Q&A With a Grant Recipient
ISTAT Jetrader - Winter 2019 - 49
ISTAT Jetrader - Winter 2019 - 50
ISTAT Jetrader - Winter 2019 - 51
ISTAT Jetrader - Winter 2019 - At a Glance: Barbara FitzGerald
ISTAT Jetrader - Winter 2019 - 53
ISTAT Jetrader - Winter 2019 - What’s Next: ISTAT Flies to Austin, Texas
ISTAT Jetrader - Winter 2019 - 55
ISTAT Jetrader - Winter 2019 - Advertiser Index
ISTAT Jetrader - Winter 2019 - Cover3
ISTAT Jetrader - Winter 2019 - Cover4
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