ISTAT Jetrader - Spring 2022 - 19

RIGHT: Adam Pilarski,
Ph.D, senior vice
president of consulting
at AVITAS Inc., giving
the keynote address..
63%
of the audience felt
airlines will not have the
capacity and personnel
to handle the demand of
LEFT: The Airline Panel
featured, from left, moderator
Helane Becker, Greg Anderson,
Jude Bricker, Gerry Laderman
and Trent Porter.
business returning to 80%
of pre-pandemic levels.
When asked what their
biggest concern is, the
audience responded:
RIGHT:
The Freighter
Panel featured,
from left,
moderator Gary
Weissel, Dave
Andrew, Tim
Komberec and
Betsy Seaton.
lease rates have normalized to pre-pandemic levels and, across the board, you're
seeing a lot of interest in our metal. "
The final panel of the day was titled " The Commercial Opportunity: A Flight
to Safety or Double Down. " It was moderated by David Swan, chief operating
officer at SMBC Aviation Capital, and featured Anthony Diaz, chairman of Zephyrus
Aviation Capital; Steve Hannahs, managing director and chief executive officer of
Wings Capital Partners; Patrick Kaufer, head of aviation and investment banking at
Deutsche Bank; and Liam Kavanagh, executive vice president and chief commercial
officer at Macquarie AirFinance. The panel mostly discussed takeaways from the
pandemic and how it might affect the way they assess risk in the future. Kaufer was
surprised how little distressed selling he has seen during the pandemic. " Those who
held onto their assets were proven right, " he said. Kavanagh noted that unsecured
risk related to maintenance is being monitored more closely than before, and Diaz
said his company hasn't changed how they assess risk, but it did reinforce what's
been done in the past.
Day Two
In his keynote address that kicked off day two of the conference, Adam Pilarski, Ph.D,
senior vice president of consulting at AVITAS Inc., encouraged more risk-taking to
handle the uncertainty the industry is currently facing. " There will be more chances
* Higher labor cost - 35%
* Higher fuel cost - 4%
* Demand recovery - 26%
* Ability to recover higher
costs through higher
fares - 35%
57%
of the audience thought
widebody belly capacity
will return to pre-pandemic
levels in three to four years.
to bet on the future and possibly win
big, " he said. He cited United buying
Boom Supersonic airplanes, Avolon
considering leasing air taxis and
Hertz buying Teslas as examples of
bold moves.
The Airline Panel followed, which
was moderated by Helane Becker,
managing director at Cowen, and
featured Greg Anderson, executive vice
president and chief financial officer of
Allegiant Travel Group; Jude Bricker,
chief executive officer of Sun Country;
Jetrader * SPR I NG 2022 * 19
ISTAT Jetrader - Spring 2022

Table of Contents for the Digital Edition of ISTAT Jetrader - Spring 2022
