ISTAT Jetrader - Winter 2024 - 21

LEFT:
The Appraisers
Panel.
aircraft availability. He stressed that
airlines are not prepared to accept
further lease rate increases and
mentioned that while new-generation
engines are improving, they aren't as
reliable as the older ceo engines yet.
Tamer Yuzuak, executive vice
RIGHT: The
Next Generation
Aviation Panel.
president of finance and fleet
management at Pegasus Airlines, a
launch customer for LEAP engines,
mentioned the tough decisions involved
in fleet and engine selection. While
they have stuck with LEAP engines,
they are open to considering GTF
engines for future orders if financially
viable. Yuzuak highlighted Pegasus'
sustainability efforts, with 85% of their
fleet being new-generation aircraft
and their commitment to IATA's 25 by
2025 target.
Aftermarket
David Archer explained that supply chain disruptions
are deeply rooted and take time to resolve. He suggested
that recovery would likely stretch into 2026 or 2027,
rather than the more optimistic projections for 2025.
their fleet between Boeing and Airbus.
He emphasized that the ongoing
negotiations with Boeing focus not
only on aircraft pricing but also on
securing competitive maintenance and
engine support, particularly for their
fleet of LEAP engines. On supply chain
issues, he acknowledged industrywide
engine challenges but remained
optimistic about long-term solutions.
He emphasized that trust in OEMs is
critical despite delivery delays.
Simone De Wit-Huijs, vice president
of fleet planning at Etihad, highlighted
the airline's ambitious goal to double
its fleet by 2030, adding 23 aircraft
next year and 21 the following year.
While the A350-1000 engine has had
performance issues, especially in the
Middle East, she expressed confidence
in working closely with Rolls-Royce
to address them. De Wit-Huijs also
spoke about Etihad's commitment
to sustainability, with over 30 ESG
initiatives in place.
Maciej Dziudzik, director of fleet
at LOT Polish Airlines, emphasized the
importance of regional jets in feeding
long-haul operations, noting that while
they're evaluating new-generation jets,
engine choices remain a challenge. He
praised Embraer for stepping in flexibly
when Boeing had issues.
Harris Manolopoulos, director of
fleet at SmartLynx, discussed the
decline in lease rates for the A320ceo
and noted the challenge lies more with
MRO and engine shop capacity than
Trading Panel
The Aftermarket Trading Panel,
moderated by Simon Goodson, CEO of
Aerfin, explored trends in LLP (LifeLimited
Parts) pricing, airframe values
and the role of private equity in the
aftermarket aviation industry.
David Chaimovitz, CEO of Setna
iO, emphasized the importance of
managing the supply chain at a granular
level, using AI and precise inventory
management to assess the market on
a part-by-part basis. He expressed
concern about supply chain recovery,
predicting it will take at least a decade
for OEMs to catch up, which will extend
the life of existing aircraft. On private
equity, he criticized its short-term
focus, suggesting it may cause issues
during market downturns.
Sharon Green, CEO of Unical, while
owned by private equity, acknowledged
both the benefits and challenges
of such ownership. She noted that
while private equity introduces smart
individuals, they often lack industryspecific
knowledge. The greatest
challenge for Unical has been managing
repairs and maintaining parts in optimal
condition. Green emphasized the need
* WIN TER 2024 * 21
ISTAT Jetrader - Winter 2024

Table of Contents for the Digital Edition of ISTAT Jetrader - Winter 2024
