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19 October 2017 In This Issue
News From ISTAT
ISTAT Calendar
Member Updates
Foundation Happenings
ISTAT Appraisers' Program
Jetrader Magazine
Industry News
News From ISTAT

This year marked several firsts for ISTAT's annual European visit; it was the first time the event took place in a city-centered conference center — rather than a hotel-based conference facility; it was the most highly attended European event to date with nearly 1,600 attendees; and it was the first event under the revised nomenclature "EMEA," to be more inclusive of the society's presence in the Middle Eastern and African markets.

As he greeted attendees on the first full day of activities, ISTAT President Doug Runte, head of aviation research, Deutsche Bank, noted the event's tremendous growth between ISTAT's prior trip to Scotland in 2004, which counted roughly 200 attendees — a total that pales in comparison to ISTAT EMEA's 2017 attendance.

The event featured numerous panel discussions, a spirited keynote presentation from Adam Pilarski, Ph.D., AVITAS, Inc., and updates on the ISTAT Foundation and Appraisers' Program, as well as numerous networking opportunities.

One of the overall themes to emerge from the event was the relatively positive state of the industry at present. "Right now, aviation is a basket of puppies," Pilarski noted with his typical wit. "It's all good, and we love it. Even though there is some worry in the short term, the future continues to be quite bright."

And while there is plenty to be happy about regarding the current state of the industry, there was no shortage of discussions centered around planning for an eventual industry downturn.

"Things are relatively stable now, yes, but we should intentionally prepare for downturn situations where the 'tourists' will pack up and leave," said Blair Wallace, managing director, Och-Ziff Capital Management, LLC, during the Investors Panel, and the sentiment was shared during other panels and presentations, as well.

Look for more ISTAT EMEA coverage in the winter edition of Jetrader.

Presentations and photos from ISTAT EMEA are now available via the ISTAT mobile app (for all event attendees) and the ISTAT website.

The 2017 ISTAT Holiday Receptions are coming up soon! On 6 December, ISTAT members will convene in one of six locations: Dublin, London, Los Angeles, Miami, New York and Tokyo. Members will meet at the PYG Restaurant at Powerscourt Townhouse in Dublin, The Royal Exchange in London, the Casa del Mar Hotel in Los Angeles, the Inside Park at St. Bart's in New York, and the Fish Bank Tokyo in Tokyo. The Miami venue will be announced soon. Please join us as we close out another successful year and look ahead to new opportunities.
The agenda for the upcoming ISTAT Latin America Forum features key players in the Latin American aviation industry, including representatives from legacy and low-cost carriers, lessors, financiers, and manufacturers. Click below to view the full schedule of events and for more information on keynote speakers, session topics and networking events. We hope to see you in Bogotá.
Although ISTAT's discounted block of reserved rooms are sold out, there are still rooms available at the event's host hotel, the Hilton Bogotá. There are also rooms available at nearby hotels. For more housing information and to register for the event, click here. To book a room, call +57 1 600 6100 or click here for online booking.
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Bombardier Aerospace
ISTAT Calendar
13 November 2017
Siddhartha Bar Grosvenor House Hotel Dubai
Register now

15-16 November
Hilton, Bogotá
Bogotá, Colombia
Register now
ISTAT Holiday Receptions
6 December 2017
Dublin, London, Los Angeles, Miami, New York, Tokyo
Register now


ISTAT Americas
4-6 March 2018
San Diego Marriott Marquis & Marina
San Diego, CA, USA

8-10 May 2018
The Ritz-Carlton Millenia, Singapore

ISTAT at the Farnborough International Airshow
Chalet: 16-22 July 2018
Reception: 16 July 2018
JW Marriott Grosvenor House
London, England

23-25 September 2018
Hilton Prague
Prague, Czech Republic

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Wilmington Trust, N.A.
Member Updates
ISTAT is pleased to announce these new and returning members. Learn more about each member and connect with them by accessing the ISTAT Member Directory.
Congratulations to these ISTAT members on their new positions.
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A leading independent aviation consultancy
IBA Group, Ltd.
  • Advising lessors, operators, OEMs, financiers & investors

  • Delivering a comprehensive mix of intelligence gathering, analysis, proprietary data, technical expertise & decades of aviation experience

  • Enhancing decision making across the aviation spectrum
Foundation Happenings
Check out this month’s #ISTATGivesBack with Yreka Flores, featuring ISTAT Foundation grant recipient, Women in Aviation International at
This year, the Foundation awarded $90,000 to nine charities in support of humanitarian efforts worldwide. In addition, the Foundation provided a $75,000 grant to Airlink in support of their mission. Learn more about the grant recipients at
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ISTAT Appraisers' Program
With over 35 people in attendance, the "Appraising 101" pre-conference session at ISTAT EMEA showed there is continued interest from those looking to participate in the Appraisers’ Program or those just interested in the practice. With a concise presentation provided by ISTAT Certified Senior Appraisers Olga Razzhivina (Oriel) and Stuart Rubin (ICF), topics included ISTAT definitions, types of reports and appraisal essentials.

The Appraising 101 Session will also be available at ISTAT Americas next year in San Diego.
The fourth installment in the ISTAT Appraisers’ Education Project, focuses on engine value, and aircraft and engine records. Engines are fundamentally different from the aircraft they power and have unique economic life and value profile that is ever-evolving and dynamic. You may find this article in the Autumn 2017 issue.
In the Autumn 2017 issue, ISTAT Certified Appraiser David Griffin of BK Associates provides readers with a market snapshot and current values of the Airbus A321-200. The Boeing 757-200 is also highlighted with market insight and values provided by ISTAT Certified Senior Appraiser Bob Cowgill and ISTAT Appraiser Candidate Wes Romaine of ACI Aviation Consulting.
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MTU Maintenance - Lifetime Excellence
MTU Maintenance Hannover Gmbh
As engine experts and world leader in independent engine services, we focus on maximizing your earnings and optimizing costs during the lifecycle of the engine and beyond. With decades of experience we offer tailored solutions emcompassing innovative MRO services, integrated leasing and best-of-breed asset management. There is always a better solution for your engines. MTU has it.
Jetrader Magazine
Aircraft leasing enjoys many positive attributes as an asset investment class. These are widely understood and include the (predominantly) duopolistic nature of commercial aircraft supply, bond-like characteristics, including long-term fixed rental streams, and mobile nature of aircraft. However, while aircraft leasing as an investment class can be positively differentiated, there are nuances to the asset class, which can result in leases of similar aircraft at similar counterparty credits that generate materially different investment return outcomes depending on the timing of the occurrence of a lease default and factors such as the operating characteristics of the aircraft.

Learn more...

Advertising space is now available in the spring 2018 issue of Jetrader magazine. This issue will feature an interview with the 2018 ISTAT Award Winner, in addition to a host of timely and useful content. For year-round access to ISTAT members, please reference the advertising opportunities available through ISTAT and Jetrader by clicking here, or by contacting: Erik Henson, Jetrader media director at +1 352-333-3443 or

ISTAT media allows you to enjoy direct and targeted access to more than 4,500 C-suite executives, vice presidents, chairmen, partners, principals, presidents, marketing/sales directors and managers within the global aviation community.

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.
We are now accepting article submissions for 2018. If you are interested in sharing your expertise and contributing to the content of Jetrader, please contact ISTAT at
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Spire Flight Solutions
Pratt & Whitney
Aeronautical Engineers Inc
Industry News
According to Airbus CEO Tom Enders, the newly announced deal for Airbus to take a majority stake in Bombardier's C Series is a victory for both parties, as it will expand Airbus' footprint while protecting Bombardier jobs in Northern Ireland.
In response to an effort by OEMs to bring more work in house, suppliers are saying that they are losing work to the big manufacturers and they expect the trend to continue, according to a survey by Canaccord Genuity.
According to recently released data from the International Air Transport Association, more than 3.8 billion passengers were transported on scheduled services in 2016, which shows a marked increased over 2015 traffic numbers, with the Asia-Pacific region accounting for the largest percentage of passenger traffic.
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