ISTAT Jetrader - Winter 2020 - 40

ISTAT FOUNDATION

Norman C.T. Liu
Extends Commitment
for Greater China
Scholarships

I

n 2016, Norm Liu, then
chairman of GECAS, made
a personal commitment of
US$100,000 to the ISTAT
Foundation to form the
Norman C.T. Liu Greater China
Scholarship Fund. This was
a five-year commitment to award
US$20,000 annually to students
at the Civil Aviation University of
China (CAUC), Beijing University of
Aeronautics and Astronautics (Beihang),
and the Hong Kong Polytechnic
University (PolyU). Each year, eight
CAUC students and eight Beihang
students were each awarded US$1,000,
and one PolyU student was awarded
US$4,000. Amounts cover about half of
a student's annual tuition.
With his initial commitment set
to end in 2020, Norm has generously
committed an additional US$100,000
to the fund for the next five years,
2021-2025. Since its inception in 2016,
the fund has been able to support 85
students in the China region and will
double the amount by the end of 2025.
ISTAT Foundation Chair Peter
Huijbers shared, " We are extremely
grateful for Norm's additional and
continued scholarship support in this
important part of the world. Developing

40

* 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

human capital is crucial, and my
objective is to enhance the ISTAT
Foundation's reach in Asia, Africa and
Latin America on this. The generous
contribution from Norm, especially in
today's environment, is a great step
forward toward achieving this goal. "
Jetrader recently spoke with Norm
about the fund.

market. The size of its airlines,
airports and aircraft leasing industry
is immense and rapidly growing.
ISTAT naturally has been expanding
its membership and activities
there. Back in 2016, I noticed the
Foundation had no formal scholarship
program in China, so I jumped into the
void. Besides, I am ethnic Chinese!

What inspired you to initially set up
the scholarships and now extend
your commitment?
I spent several decades in aircraft
finance before retiring from GECAS
at the end of 2016. Scholarships
are a way to give back to this great
aviation industry and support the next
generation of leaders. The quality of
program recipients has been strong,
so it was a " no-brainer " to continue on
for another five years. I'm so grateful
to Peter and the ISTAT Foundation
for identifying three great Chinese
universities with top aviation programs
and for overseeing the student selection
process each year.

Any words of advice for students
and young professionals in general
for job opportunities in the current
troubled environment?
Aviation is in deep crisis with
the pandemic. Finding the right
opportunity will be a tough task.
You might have to be flexible in
finding a way in. Define where
there is a current need and tailor
your approach. Many firms have to
reinvent and transform themselves.
You should likewise continue to learn,
and networking is key. Thoughtfully
tap the ISTAT membership for
advice, and hopefully tools like the
ISTAT Learning Lab can help. But
persevere! Our industry is exciting,
it is global, it has cool technology, it
gets ESG and it still has a long-term
growth trajectory.

Why a program for students
in China?
China is, or will soon become, the
world's largest commercial aviation



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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