Jetrader - November/December 2011 - 5
from the president
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 www.ISTAT.org E-mail: istat@istat.org
Joe Ozimek, President International Society of Transport Aircraft Trading
Dear ISTAT fellow members, Still recovering from jetlag from our very successful ISTAT Europe 2011 conference as I write this, I’m reminded of the great global steps ISTAT has taken this year to make us more relevant and valuable to our ever-growing membership. The Barcelona event was outstanding in every regard. We ended up with 770 registrants, nearly 200 more than our successful Munich event of last year. From what I heard, everyone loved Barcelona—the city, its weather and cultural attractions, and, to the credit of the ISTAT team, our two days of conference meetings. We had some really interesting topics on the agenda, helped along by current concerns over Europe’s debt situation. It found us at the center of some significant debate over where the industry is heading in 2012 and beyond and garnered us attention from several key industry media on hand. Outside the sessions a lot of folks were conducting business, a real plus that goes with ISTAT events, and we offered some great networking opportunities— from cocktail parties to the spectacular gala dinner overlooking the city and featuring amazing fl amenco dancing. Our goal was to raise the quality of this year’s conference, and it looks like we succeeded. I think we may have even topped Monte Carlo as the “gold standard” for our European events. Special thanks go to our event committee of Mark Pearman-Wright, Doug Runte, David Swan, Sigthor Einarsson, Marc Allinson and Mike Skinner, as well as our support team of Cynthia Cortis, Katie Walsh and Ron Pietrzak. Barcelona joins with our earlier events—at Paris, our first Beijing conference, and our annual meeting in Scottsdale—to round out a successful series of world events aimed at demonstrating our member value. And we’re not done yet, with our decision to hold year-end receptions in New York, London and Singapore. Stand by to hear even more in the new year about how we plan to continue our global presence, including the hope of having our first ISTAT member chalet at Farnborough, to complement our conference events in Rome, Singapore and Scottsdale. This was a spectacular year for the society and one that gave me, as president, great pleasure from the association with our dedicated and talented team of organization volunteers. Thanks for your support, and best wishes to you, family and friends for a prosperous 2012.
ISTAT BOARD OF DIRECTORS OFFICERS Joseph W. 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 Anthony Diaz Jay Hancock Will Hudson Mark Pearman-Wright Douglas W. Runte Mike Skinner David Swan Jep Thornton Steven Townend Warren Willits Fred Klein Chairman, ISTAT International Appraisers Program Board of Governors ISTAT INTERNATIONAL APPRAISERS’ PROGRAM BOARD OF GOVERNORS Fred J. Klein Chairman/Senior Appraiser Philip Seymour Chairman-Elect/Senior Appraiser John Beekman* Richard Kruse* Bert van Leeuwen* Bruce Nicoletti* Olga Razzhivina Betsy R. Snyder* John Trevett Bill Bath 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 Joseph W. Ozimek ISTAT President John W. Vitale Immediate Past ISTAT President Marc S. Allinson Vice President/Treasurer TRUSTEES Julian Balaam Jon Batchelor Wolfgang Driese Todd Freeman Dean Gerber Thomas W. Heimsoth Vito La Forgia Dana J. Lockhart Ken Perich Marco Sterk Sonny Stern David Treitel INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING Ron Pietrzak Executive Director Ben Barclay Project Coordinator Cynthia Cortis Conference Manager Katie Walsh Conference Senior Coordinator Rebecca Holloway Senior Associate Marcia Daudelin Senior Marketing Manager
Jetrader 5
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Jetrader - November/December 2011
Table of Contents for the Digital Edition of Jetrader - November/December 2011
A Message from the President
Calendar/News
Q&A: Ulrich Schulte-Strathaus
Best of Barcelona
Thank You Sponsors
State of the Regions: Middle East
Second Life for Aging Aircraft
Predictive Maintenance in Aging Aircraft Systems
FAA & Eurocontrol Policy Updates
Aircraft Appraisals
From the ISTAT Foundation
Aviation History
In Memory
Advertiser.com/ Advertiser Index
Jetrader - November/December 2011 - cover1
Jetrader - November/December 2011 - cover2
Jetrader - November/December 2011 - 3
Jetrader - November/December 2011 - 4
Jetrader - November/December 2011 - A Message from the President
Jetrader - November/December 2011 - 6
Jetrader - November/December 2011 - 7
Jetrader - November/December 2011 - 8
Jetrader - November/December 2011 - Calendar/News
Jetrader - November/December 2011 - Q&A: Ulrich Schulte-Strathaus
Jetrader - November/December 2011 - 11
Jetrader - November/December 2011 - Best of Barcelona
Jetrader - November/December 2011 - 13
Jetrader - November/December 2011 - 14
Jetrader - November/December 2011 - 15
Jetrader - November/December 2011 - 16
Jetrader - November/December 2011 - Thank You Sponsors
Jetrader - November/December 2011 - State of the Regions: Middle East
Jetrader - November/December 2011 - 19
Jetrader - November/December 2011 - 20
Jetrader - November/December 2011 - 21
Jetrader - November/December 2011 - Second Life for Aging Aircraft
Jetrader - November/December 2011 - 23
Jetrader - November/December 2011 - 24
Jetrader - November/December 2011 - 25
Jetrader - November/December 2011 - Predictive Maintenance in Aging Aircraft Systems
Jetrader - November/December 2011 - 27
Jetrader - November/December 2011 - 28
Jetrader - November/December 2011 - FAA & Eurocontrol Policy Updates
Jetrader - November/December 2011 - 30
Jetrader - November/December 2011 - Aircraft Appraisals
Jetrader - November/December 2011 - 32
Jetrader - November/December 2011 - 33
Jetrader - November/December 2011 - From the ISTAT Foundation
Jetrader - November/December 2011 - Aviation History
Jetrader - November/December 2011 - 36
Jetrader - November/December 2011 - In Memory
Jetrader - November/December 2011 - Advertiser.com/ Advertiser Index
Jetrader - November/December 2011 - cover3
Jetrader - November/December 2011 - cover4
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