Jetrader - May/June 2012 - 24

thought, “I’m going to buy a new car and go on vacation.” Bill strongly objected and said that we must put all our extra profits into our pension plan. As a guy in my 40s with a seven-year-old son and another in college, I wasn’t thinking much about pension plans. But Bill insisted, year after year. Now that I’m in the age group that thinks about retirement, I look at my pension fund and thank Bill for his better judgment.

Jack Feir President, Jack B. Feir & Associates
I first came to know Bill through ISTAT when he was with BK Associates. He, John Keitz and I were among the initial group of 14 transport aircraft appraisers who were chosen by Jim Matthews in 1988 to form the beginnings of what became the ISTAT Appraiser Program. I later became its first elected chairman of the program, and as my term was coming to its end in 1994, I tried to persuade Bill to run as my replacement. He said, “Maybe some other time,” and I reassured him that there was

no better time and no better person. He was elected unopposed. By 1997, when Bill’s term as chairman was running out, the appraiser program needed more attention than a chairman could provide in his spare time. Mike Metcalf, the incoming chairman, suggested ISTAT create a part-time position of administrative director of the appraiser program. Bill was about to retire from BK Associates, and Mike proposed that Bill should fill the new ISTAT position. The deal was done. From time to time after that, I helped Bill screen new applicants and compose the appraiser exams, and I immensely enjoyed working together with him. An unspoken, handshake understanding gradually evolved, that if anything were to happen to Bill, I was his understudy who would pick up the pieces and carry on his duties until a new administrator could be appointed. About a year ago, a new revision to the appraiser program handbook began to be drafted, and among the changes being proposed was a formalization of that arrangement so that

the understudy was expected to be the successor to the administrator rather than just an interim caretaker. In January of this year, Bill and I were screening applicants and composing the exams as usual, but Bill seemed to be a little slow in replying to my e-mails, and it was only then that he mentioned to me that he was in the hospital and coping as best he could, using his laptop computer in-between treatments. By the end of the month, he advised us that he could no longer carry on and recommended that I take his place as administrator as anticipated in the unfinished draft of the handbook. Bill nevertheless continued working after he returned home, organizing all of the unfinished business and archive records for the appraiser program, which he shipped to me just a few days before he died. As I soon discovered, many of the items in the archives were among the files I had passed on to him back in 1994 when he succeeded me as chairman of the program, but now they were much more neatly arranged. Time goes on, but we will all miss him dearly.

Visit for registration details.

ISTAT Private Business Chalet at 2012 Farnborough International Airshow
9 – 13 July 2012

ISTAT Airshow Reception 2012
9 July 2012

24 The official publication of the International Society of Transport Aircraft Trading

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