Jetrader - May/June 2012 - 21

The International Appraiser’s Program
I hope that this will be the first of many articles that will open up the International Appraiser’s Program (IAP) to ISTAT members and keep you informed of the progress and future developments of the program. I started my tenure as Chairman of the IAP immediately after ISTAT Americas 2012 and will run through until the end of the same conference in 2015. Fortunately, my predecessor Fred Klein handed over the IAP in good shape with a platform for change already underway by virtue of a recent information-gathering survey of the appraisers and around a further 70 non-appraiser members of ISTAT. Three focus groups took place at ISTAT Americas with 14 appraisers providing further guidance on ways to improve the program. Fred has served ISTAT well, not just the IAP but also via duties on the ISTAT Board of Directors for 14 years and supporting the planning of several ISTAT Americas conferences. Fred was awarded the status of Appraiser Fellow for his outstanding service to the program. I encourage an “open door” policy so that all members (yes that’s all of you, not just appraisers) embrace the IAP. My role is to chair the IBG and report to the main ISTAT board. I am supported by the Administrative Director, Jack Feir, who took over the role following the resignation of Bill Bath. Not long after his resignation, I received the sad news that Bill had passed away at his home on 25 March 2012. I think my first meeting with Bill was almost 20 year ago in Boca Raton. Or perhaps it was when Bill also chaired the first European meeting—just around 10 people at the Royal Aeronautical Society in London! Bill was a fantastic mentor and provided almost all current appraisers with encouragement and guidance. He managed to create a unique blend of integrity and style, I am told that even when advising candidates that they had failed the appraisal exams, they felt fulfilled! Bill was awarded the status of Emeritus Fellow at the recent conference. My aim is that the IBG non-appraiser directors will take a more active (dare I say pro-active?) role in the future. The current team is as follows: • Betsy Snyder (Standard and Poors) • John Beekman (Fidelity Investments) • Rich Kruze (GE Materials) • Bruce Nicoletti (Boeing) The non appraiser members serve alongside two appraiser members who are Olga Razzhivina, Bert van Leeuwen and Oliver Stuart Menteth. It is their task to mark the examination papers this year.

By Phil Seymour Chairman, Senior Appraiser ISTAT International Appraisers’ Program

This article is not meant to replace the full constitution and handbook, which can be found on the ISTAT website at ISTAT/ Appraisers/Handbook, but to provide a summary to kick-start my tenure and begin the engagement process Below is a schematic of the entry requirements and progression in the program. Key action areas in the next year include: • Reviewing the process outlined below. • Improving the handbook, training and examination process. • Improving the continuing education session and develop and ongoing program reminiscent of “CDP style” points for attending various meetings, such as manufacturer appraiser sessions. • Improving the credibility, quality process and communication both inside and outside of the program. I will provide more news and an update about the focus group activity in the next issue. If you have any questions about the program, feel free to contact me at




Meeting and Con-Ed


Continuing Education (Con-Ed)

Advancement to Senior

Minimum two years full time appraisal High-level education

A certified appraiser with five years of service

A chance to meet other appraisers – and vice versa! Before the exams

Four written exams covering: Ethics Finance Appraisal Technical

No more than two consecutive meetings may be missed Held at the U.S. meeting

Min of two years additional experience Additional exams covering GSE and simulators

Jetrader 21

Jetrader - May/June 2012

Table of Contents for the Digital Edition of Jetrader - May/June 2012

A Message from the President
Q&A: Nicholas E. Calio, Airlines for America
Forecast at ISTAT Americas 2012 Beckons Bright Year Ahead
Fans, Financiers Fancy the Dreamliner on its ‘Dream Tour’
What’s Ahead for the Freighter Conversion Market?
Aircraft Appraisals
The International Appraiser’s Program
Remembering Bill Bath Index
Jetrader - May/June 2012 - cover1
Jetrader - May/June 2012 - cover2
Jetrader - May/June 2012 - A Message from the President
Jetrader - May/June 2012 - 4
Jetrader - May/June 2012 - 5
Jetrader - May/June 2012 - Calendar/News
Jetrader - May/June 2012 - Q&A: Nicholas E. Calio, Airlines for America
Jetrader - May/June 2012 - 8
Jetrader - May/June 2012 - Forecast at ISTAT Americas 2012 Beckons Bright Year Ahead
Jetrader - May/June 2012 - 10
Jetrader - May/June 2012 - 11
Jetrader - May/June 2012 - 12
Jetrader - May/June 2012 - 13
Jetrader - May/June 2012 - Fans, Financiers Fancy the Dreamliner on its ‘Dream Tour’
Jetrader - May/June 2012 - 15
Jetrader - May/June 2012 - What’s Ahead for the Freighter Conversion Market?
Jetrader - May/June 2012 - 17
Jetrader - May/June 2012 - 18
Jetrader - May/June 2012 - Aircraft Appraisals
Jetrader - May/June 2012 - 20
Jetrader - May/June 2012 - The International Appraiser’s Program
Jetrader - May/June 2012 - Remembering Bill Bath
Jetrader - May/June 2012 - 23
Jetrader - May/June 2012 - 24
Jetrader - May/June 2012 - 25
Jetrader - May/June 2012 - Index
Jetrader - May/June 2012 - cover3
Jetrader - May/June 2012 - cover4