Jetrader - July/August 2012 - (Page 5)

Jetrader is a bi-monthly publication of the International Society of Transport Aircraft Trading (ISTAT). ISTAT was founded in 1983 to act as a forum and to promote improved communications among those involved in aviation and supporting industries, who operate, manufacture, maintain, sell, purchase, finance, lease, appraise, insure or otherwise engage in activities related to transport category aircraft. Jetrader is published for: International Society of Transport Aircraft Trading 401 N. Michigan Ave., Suite 2400 Chicago, IL 60611 USA Tel: 312.321.5169 Fax: 312.673.6579 E-mail: from the president Joe Ozimek, President International Society of Transport Aircraft Trading Dear fellow ISTAT member, ISTAT BOARD OF DIRECTORS OFFICERS Joe Ozimek President John W. Vitale Immediate Past President Daniel J. Pietrzak Vice President Marc Allinson Vice President/Treasurer Gregory A. May Vice President/Secretary DIRECTORS Ron Baur Dick Forsberg Mark Pearman-Wright Mike Skinner David Swan Steven Townend Phil Seymour Anthony Diaz Jay Hancock Douglas W. Runte David P. Sutton Jep Thornton Warren Willits Chairman, ISTAT International Appraisers Program Board of Governors ISTAT INTERNATIONAL APPRAISERS’ PROGRAM BOARD OF GOVERNORS Phil Seymour Chairman/Senior Appraiser Olga Razzhivina Senior Appraiser Oliver Stuart-Menteth Senior Appraiser John Beekman* Richard Kruse* Bert van Leeuwen* Bruce Nicoletti* Betsy R. Snyder* Jack Feir Appraiser Fellow, Administrative Director, ISTAT International Appraisers’ Program *These individuals are not certified appraisers. ISTAT FOUNDATION BOARD OF TRUSTEES Warren Willits Chairman David P. Sutton Vice Chairman Joe Ozimek ISTAT President John W. Vitale Immediate Past ISTAT President Marc S. Allinson Vice President/Treasurer TRUSTEES Julian Balaam Robert Conveny Dean Gerber Vito La Forgia Ken Perich Marco Sterk Jon Batchelor Todd Freeman Thomas W. Heimsoth Dana J. Lockhart Ron Pye Sonny Stern Lately I’ve been majoring in time-zone changes while on my own “dream tour” of customers to discuss our new 737 MAX (see story on page 9). Dateline for this missive is Seoul, Korea, home to two great customers, Korean and Asiana. Speaking of Asia, our Singapore event in early May was excellent and very well attended. Once again, ISTAT succeeded in bringing members together in that region, certainly a key market for many of us. Many thanks to co-chairs Steven Townend and Peter Huijbers for their leadership, and to the ISTAT staff for making it happen! Despite my heavy travels, I won’t miss the Farnborough Airshow this year. I’m looking forward to our downtown reception on the evening of 9 July, where I expect we’ll see well over a thousand members and friends. And while at Farnborough, we’ll also have the opportunity to draw on the hospitality at ISTAT’s Private Business Chalet, a first for us this year! See details on page 8. Industry wide, things are pretty good heading into air show time. Airlines are doing reasonably well, deliveries are fl owing and production rates going up, product financing is steady, and there’s demand for our products and services. At this writing, Europe’s economic recovery remains a work in progress given Greece’s uncertainty. In the States, meanwhile, our industry saw good news with the reauthorization of the Ex-Im Bank, a key resource to U.S. exporters and our overseas customers. ISTAT also continues to do well. Plans are progressing for ISTAT Europe, the year-end receptions and next year’s ISTAT Americas in Orlando. Looking beyond, we had a team check out San Diego for our 2014 venue when ISTAT Americas returns to the West Coast. It’s looking good for our experiment on whether members prefer being all together under one roof in a resort-type setting, or in a city experience. We’ll be very interested in your member feedback as we go through the experience. Lastly, I wanted to acknowledge the passage of Bill Bath, one of the founding members of ISTAT and a friend to many of us. While he’ll be missed, his contributions to the Society and enthusiasm for what we’re about will endure. Here’s hoping we can raise a glass together in his memory very soon! INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING Ron Pietrzak Executive Director Ben Barclay Project Coordinator Cynthia Cortis Conference Director Katie Walsh Conference Senior Coordinator Rebecca Holloway Senior Associate Marcia Daudelin Senior Marketing Manager Jetrader 5

Table of Contents for the Digital Edition of Jetrader - July/August 2012

A Message from the President
Q&A: Joe Ozimek Boeing 737 MAX lead marketer and current ISTAT president provides update on Boeing's new-engine variant
Asia: The Growth is Structural Looking ahead at the aviation market in Asia
Advancements in Engines Technological improvements push engines into new era
State of the Regions: Russia & CIS - As passengers increase, fleets are evolving and success of low-cost carries remain in question
Is It Worthy? Defining 'airworthy' plus ICAO vs. the Volcano
Aircraft Appraisals Index

Jetrader - July/August 2012