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May 15, 2014 In This Issue
News From ISTAT
ISTAT Calendar
Member Updates
Foundation Happenings
Jetrader Magazine
Industry News
Professional Development
Naylor Association Solutions
News From ISTAT
As the first ISTAT Asia to take place in Hong Kong, the 2014 conference was a memorable event for the more than 360 attendees who were treated to presentations geared specifically to the challenges and opportunities of the Asian market. The event took place from 4-6 May at The Ritz-Carlton, Hong Kong. As in past years, there were many first-time attendees (about 40 percent), and a majority of the group said they would attend next year's ISTAT Asia in Singapore, based on an on-site survey. Airline attendance was also very strong with several airlines in attendance.

According to ISTAT Asia chairmen, David Swan, chief operating officer, SMBC Aviation Capital, and Steven Townend, deputy managing director and chief commercial officer (Europe, Americas, Africa), BOC Aviation, the committee's goal was to have a more Asia-focused agenda and speakers to differentiate the topics from those at other ISTAT events, such as the Japanese tax lease financing, the C919 Program by COMAC, financial market liquidity and the continued growth of Asian players. There were many new faces on stage, and each panel represented speakers from countries throughout the Asia Pacific region, including India, Japan, China and Australia.

Adrian Mowat, M.D. and chief emerging market and Asian equity strategist, JP Morgan, presented the keynote speech, followed by a session introducing the conference location: "Hong Kong, A Leading Global Financial Centre" by Simon Galpin, director general, HK Invest.

"Market sentiment from the stage and among the crowd was very positive," Swan said. "Demand for aircraft has definitely stepped up in the past year by both airlines and an increasing number of new entrant investors. There's a lot of funding liquidity, trading and financing of aircraft at the moment. Mid-life aircraft are also now more popular with investors." Consolidation in the leasing sector was another major topic of discussion at this conference.

Both the OEM panel and the appraisal panel featured edgy and active discussion, thanks to the excellent moderation and speakers supported by very active audience Q&A.

Look for more highlights and photos from the event in the upcoming Summer issue of Jetrader magazine.
The Farnborough International Airshow will be here soon. Make plans now to join fellow members at the ISTAT Reception on 14 July 2014 and at the ISTAT Chalet from 14-20 July 2014. Registration information and more details, including sponsors and attendees are available on the ISTAT website.
ISTAT hosts three international events each year, as well as an airshow reception and chalet, which assembles industry executives representing manufacturers, appraisers, financiers, lessors, airline personnel, fleet managers and remarketers.

Sponsors of each event reach a dedicated audience of industry professionals, providing you with the opportunity to showcase your company and reinforce your brand. A range of sponsorship levels are offered to make opportunities accessible to large companies and small.
In addition to the print version of our annual directory, Membership Connections is also available for ISTAT members in a digital format. The digital edition offers added features for our members:

- Perform a keyword search of the entire directory.
- Bookmark and insert notes.
- Navigate and turn pages with one click.
- Click on ads to go directly to the advertiser's website.

This annual list of members is arranged alphabetically and by category of membership. The directory also includes a listing of services offered by members. You may access past issues of Membership Connections and Jetrader in our digital archives.

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ISTAT Calendar
14 July 2014
Grosvenor House, A JW Marriott Hotel
London, England

14-20 July 2014
Farnborough, England

21-23 September 2014
Hilton Istanbul
Istanbul, Turkey
ISTAT Holiday Receptions
3 December 2014
New York, London, Dublin, Singapore and Tokyo

ISTAT Americas 2015
8-10 March 2015
JW Marriott Desert Ridge
Scottsdale, Arizona
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Member Updates
ISTAT is pleased to announce these new and returning members.
Congratulations to these ISTAT members on their new positions:

Mark Bregman
Boyle Ogata Bregman

Jonas Hallgrimsson
Director, Long Term ACMI
Air Via Bulgarian Airways
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TES Aviation Group
Foundation Happenings
By Todd Freeman
Chairman, ISTAT Foundation

Rounding out my first year as Foundation chair, I'm very pleased with our work in progress and proud of some early accomplishments. The Foundation remains strong financially. ISTAT Board support is up, and our fundraising over the last year hit new highs thanks to our many generous donors and the work of our Fundraising Committee under the leadership of Tom Heimsoth. Our three Diamond Plus Rountable contributors—Omni Air International, Diane Ballweg and The Batchelor Foundation—alone were responsible for $600,000 of Foundation financial support.

Scholarships remain as our most important area of giving. There were 30 deserving recipients this past year. Our global outreach continues—nearly half of the scholars were from outside the U.S. and our global university outreach continues to grow. After more than five years of leadership, Dana Lockhart is passing the Scholarship Committee chair position to Peter Huijbers. We thank Dana for all his contributions and welcome Peter to his new role.

Look a full report on the ISTAT Foundation in the Summer issue of Jetrader magazine.
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Jetrader Magazine
Important information for Fall, ISTAT Europe Bonus Distribution issue:

• Space Reservation Due: 30 June 2014
• Materials Due: 7 July 2014
• Bonus Distribution: ISTAT Europe, 21-23 September 2014, Hilton Istanbul, Istanbul, Turkey
• Editorial: State of the Regions: Europe, Farnborough International Airshow Review: Photos and review of the developments at the airshow; Aircraft dismantling and tear-down.
The Spring 2014 online issue of Jetrader is available online. In this issue, enjoy hearing from ISTAT Award winner Pete Seidlitz. Also included is expert insight on aircraft financing and leasing, as well as stories of early Polar aviation.

Here’s a look at some of the content featured in this issue of Jetrader:

Jetrader, ISTAT's official magazine, is circulated to ISTAT members on a quarterly basis. Each issue of Jetrader highlights industry news and case studies and contains feature articles and member spotlights. 

If you are interested in sharing your expertise and contributing to the content of Jetrader, please contact Nicole Lewis at
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Naylor, LLC
PW Power Systems, Inc.
Naylor, LLC
Industry News
WheelTug News
Ultra Electronics, the international defence, security, transport and energy company based in London and listed on the FTSE 250, has joined the WheelTug project through its recent acquisition of ICE Corporation, a WheelTug partner.
DVB Bank SE generated relatively stable results during the first three months of 2014, despite the prevailing difficult environment in individual subsegments of international shipping.
Airlink announces that seven new members have joined its Advisory Council and Board of Trustees. The three newest additions to the Advisory Council include: Bernard Gustin, CEO of Brussels Airlines; Norman Liu, President and CEO of GE Capital Aviation Services (GECAS); and Ian Rodgers, Director of Disaster Risk Reduction (DRR), Operational Preparedness and Surge Capacity at Save the Children US. The four members that have joined the Board of Trustees are: Peter Harbison, Executive Chairman of CAPA – Centre for Aviation; Todd Kallman, President, retired Pratt & Whitney CE; Ted Nozaki, Senior Vice President–Sales & Marketing at MC Aviation Partners Americas; and Mark Packard, Head-Transportation & Equipment Finance Risk of Americas Siemens.
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, announced it delivered a new leased Boeing 737-800 aircraft to Transavia France to expand the carrier’s fleet. The aircraft is the second of three aircraft GECAS is leasing to for delivery in 2014. The third aircraft is scheduled for delivery in May.
Aeronautical Engineers, Inc.
Aeronautical Engineers, Inc. (AEI), is pleased to announce that it has delivered the second of three B737-400SF 11 Pallet freighters to Yangtze River Express of Shanghai. The aircraft is a standard gross weight Boeing 737-400 (MSN 29914) built in 1998 and was converted at the Boeing Shanghai Aviation Services facility in Shanghai, which is one of five authorized AEI Conversion Centers worldwide. This is AEI’s 7th of the anticipated 30+ freighters to be delivered in 2014.
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Professional Development
In a global marketplace where problems are increasingly complex, no one person will ever have all the answers. That’s why Google’s SVP of People Operations, Lazlo Bock, says humility is one of the traits he’s looking for in new hires. A recent Catalyst study backs this up, showing that humility is one of four critical leadership factors for creating an environment where employees from different demographic backgrounds feel included.
Although in theory diverse teams benefit from differences in perspectives and approaches, in practice having a group of people who are different from each other can create conflict. To smooth out the working relationships, people in these teams may become more alike, at least in attitude and behavior. Simply working together in proximity is known to make people converge in how they do their work. Their differences become less pronounced.
Work/life balance is at best an elusive ideal and at worst a complete myth, today’s senior executives will tell you. But by making deliberate choices about which opportunities they’ll pursue and which they’ll decline, rather than simply reacting to emergencies, leaders can and do engage meaningfully with work, family and community.
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