ISTAT Jetrader - Winter 2021 - 22

Which geographic area do you
expect will exhibit the largest
demand for regional aircraft
over the next five years?
* North America - 25%
* South America - 0%
* Europe - 25%
* Indian
subcontinent - 0%
* Africa - 19%
* Asia - 31%
43%
of the audience thought
it highly unlikely that
turboprops will be able to
reestablish their presence
in the United States over
the next five to 10 years;
38% believed it to be likely.
polls on expectations of when shorthaul
and long-haul demand will recover
to 2019 levels. For short haul, 72% of
the audience thought by 2023; for long
haul, 74% believed 2024 and beyond.
The panelists, however, thought the
audience was being a bit pessimistic.
They thought 2022 for short haul and
2023 for long haul.
Following the poll, each panelist
discussed how government policy
has impacted their company's road
to recovery. Pittkin said it's been
challenging and frustrating but also that
lessors have been there for easyJet.
Mateu agreed about her relationship
with lessors during the pandemic,
saying, " Our relationship with the
lessors is even stronger than it was. "
2 2 * THE OF F I C I AL PUBL I CAT I ON OF ISTAT
Popp said the Lufthansa Group was
grateful for the German government's
support but understands it's a loan
to be paid back and not a gift. " Our
business is based on long-term
relationships rather than short-term
deals. This turned out to be a valuable
asset during the crisis; that's why we're
confident we come out of the crisis even
stronger than before, " he said.
The next panel, Impact of the
Pandemic on the African and Middle
Eastern Region, was moderated by
Nick Fadugba, chief executive officer
of African Aviation Services Ltd.,
with panelists Joseph Ward, sales
and marketing for EMEA at Goshawk;
Mamoun Kuzbari, chief commercial
officer at Novus Aviation Capital;
RIGHT: The
Future Direction
of Leasing Panel
was moderated
by Declan Kelly
(far right) with
panelists, from
left, Jan Melgaard,
Diarmuid Healy
and MarieLouise
Kelly.
LEFT: The
Regional Aircraft
Panel was
moderated by Chris
Beer (far right) with
panelists, from left,
Mark Dunnachie,
Kathleen Steven
and Michal Nowak.
Erlendur Svavarsson, senior vice
president of sales and marketing
at Loftleidir Icelandic; Sibert van
Leeuwen, sales director at TrueNoord;
and Jennifer Moulton, global head of
sales at DAE Capital.
Ward began by explaining that
the economic impact of the pandemic
in Africa is huge, with tourism a
significant part of many African
countries' GDP, so the expectation is
airlines will recover when COVID-19
lifts. Kuzbari talked about the strength
of the Middle Eastern market due to
government support but, for the African
market, the jurisdiction risk is high.
The Finance Panel followed,
moderated by James Kelly, tax partner
at KPMG, with panelists Mark Streeter,
ISTAT Jetrader - Winter 2021

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