ISTAT Jetrader - Winter 2020 - 23

Michael Steen (far right), chief commercial officer at Atlas Air Worldwide
and CEO of Titan Aviation Leasing, at ISTAT Americas 2018.

Fortunately, there has been productive dialogue through
industry bodies such as IATA and various disease control
institutions around the world to make sure that we continue
operating and delivering the goods the world needs most.
Airfreight is an essential component of the global supply
chain. If you go back to the very start of the pandemic, the
goods carried by airfreight helped save lives. At Atlas, we
teamed up with various hospitals in the United States, and
we had direct dialogue with the U.S. government and various
state governments, as well. The world was scrambling to
get personal protective equipment, ventilators and other
equipment to the hospitals, so this was a very challenging
time for the entire supply chain.
Our teams are working extremely hard to play our
important role in the global fight against COVID-19. So, that
was something that was unique. I think that we will see a
similar kind of action and collaboration throughout the global
supply chain once the vaccine is available. Providing vaccines
to nearly 7.8 billion people will be a massive undertaking and
probably one of the biggest global transportation exercises
since WWII.
VR: From an investor and financing point of view, this
pandemic has underscored the resiliency of airfreight and
how air cargo operators are different from passenger airlines.
The airfreight industry tends to be looked at through the

Providing vaccines to nearly
7.8 billion people will be a massive
undertaking and probably one of the biggest
global transportation exercises since WWII.
same lens as the passenger airline industry. Throughout this
pandemic, you can see that freighter-based aircraft-backed
securitizations are continuing to perform relatively well
compared with passenger aircraft-based financing structures,
which have been hit hard by lease payment deferrals and
airline restructurings. This demonstrates that freighter aircraft
based business models should be evaluated on their own
merit, taking into account the underlying business drivers that
are unique to this industry.
MS: The other thing to mention is that no matter what
line of business you're in, all of our employees who are able
to work remotely have been told to do so. As a result, we are
running three airlines and a leasing company virtually, more
or less, except for on-site critical operating departments, and
obviously our crewmembers. Those are circumstances that
none of us have ever been tested in before. Fortunately, our
Jetrader

* WINTER 2020 * 2 3



ISTAT Jetrader - Winter 2020

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

ISTAT Jetrader - Winter 2020
From the President
News & Events
Perspectives: Q&A With Rich Wiley of SKY Leasing
Winds of Change
10 Years of Air Shows
ISTAT Foundation
Appraisal: Airbus A330-300 and Boeing 767-300ER
At a Glance: Peter Hopkins
Advertiser Index
ISTAT Jetrader - Winter 2020 - Intro
ISTAT Jetrader - Winter 2020 - ISTAT Jetrader - Winter 2020
ISTAT Jetrader - Winter 2020 - Cover2
ISTAT Jetrader - Winter 2020 - 1
ISTAT Jetrader - Winter 2020 - From the President
ISTAT Jetrader - Winter 2020 - 3
ISTAT Jetrader - Winter 2020 - 4
ISTAT Jetrader - Winter 2020 - 5
ISTAT Jetrader - Winter 2020 - 6
ISTAT Jetrader - Winter 2020 - 7
ISTAT Jetrader - Winter 2020 - News & Events
ISTAT Jetrader - Winter 2020 - 9
ISTAT Jetrader - Winter 2020 - Perspectives: Q&A With Rich Wiley of SKY Leasing
ISTAT Jetrader - Winter 2020 - 11
ISTAT Jetrader - Winter 2020 - 12
ISTAT Jetrader - Winter 2020 - 13
ISTAT Jetrader - Winter 2020 - 14
ISTAT Jetrader - Winter 2020 - 15
ISTAT Jetrader - Winter 2020 - Winds of Change
ISTAT Jetrader - Winter 2020 - 17
ISTAT Jetrader - Winter 2020 - 18
ISTAT Jetrader - Winter 2020 - 19
ISTAT Jetrader - Winter 2020 - 20
ISTAT Jetrader - Winter 2020 - 21
ISTAT Jetrader - Winter 2020 - 22
ISTAT Jetrader - Winter 2020 - 23
ISTAT Jetrader - Winter 2020 - 24
ISTAT Jetrader - Winter 2020 - 25
ISTAT Jetrader - Winter 2020 - 10 Years of Air Shows
ISTAT Jetrader - Winter 2020 - 27
ISTAT Jetrader - Winter 2020 - 28
ISTAT Jetrader - Winter 2020 - 29
ISTAT Jetrader - Winter 2020 - 30
ISTAT Jetrader - Winter 2020 - 31
ISTAT Jetrader - Winter 2020 - 32
ISTAT Jetrader - Winter 2020 - 33
ISTAT Jetrader - Winter 2020 - 34
ISTAT Jetrader - Winter 2020 - 35
ISTAT Jetrader - Winter 2020 - 36
ISTAT Jetrader - Winter 2020 - 37
ISTAT Jetrader - Winter 2020 - ISTAT Foundation
ISTAT Jetrader - Winter 2020 - 39
ISTAT Jetrader - Winter 2020 - 40
ISTAT Jetrader - Winter 2020 - 41
ISTAT Jetrader - Winter 2020 - Appraisal: Airbus A330-300 and Boeing 767-300ER
ISTAT Jetrader - Winter 2020 - 43
ISTAT Jetrader - Winter 2020 - 44
ISTAT Jetrader - Winter 2020 - 45
ISTAT Jetrader - Winter 2020 - At a Glance: Peter Hopkins
ISTAT Jetrader - Winter 2020 - 47
ISTAT Jetrader - Winter 2020 - Advertiser Index
ISTAT Jetrader - Winter 2020 - Cover3
ISTAT Jetrader - Winter 2020 - Cover4
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