Expected Record Aircraft Deliveries in 2013 Make Financing Connections at
ISTAT Americas Essential
- Non-profit Society brings together airlines needing financing with those who
want to invest.
- Orlando event sets another attendance record - 1,400 - as aircraft financing
industry blooms to support more than $100 billion in global product
- Members find value in meeting debates that work to advance industry
interests as a whole.
ORLANDO, Fla., March 11, 2013
ORLANDO, Fla., March 11, 2013 /PRNewswire/ --With worldwide commercial
aircraft production expected to head beyond a record U.S. $100 billion-plus in
2013, the need to connect global airlines awaiting deliveries with investors
willing to finance them has never been stronger.
This significant opportunity for the global industry involved in buying,
selling and financing commercial aircraft serves as the backdrop for ISTAT
Americas 2013, the annual general meeting of the International Society of
Transport Aircraft Trading (ISTAT) that opened today here today.
As was the case with previous ISTAT annual meetings, year over year attendance
continues to grow as the non-profit industry association responds to the
opportunities being created for those involved in operating, manufacturing,
maintaining, selling, purchasing, financing, leasing, appraising, insuring or
other activities related to the commercial aviation sector.
Opening day registrations for ISTAT Americans 2013 reached 1,400, yet another
record for general meeting attendance for the Chicago-based society that
serves a current global membership of more than 2,600.
Production ramps ups by Boeing and Airbus expect to see them deliver the
lion's share of an estimated $104 billion in jetliners this year. Meanwhile
some in the industry are vocal that higher production rates are unjustified,
with the aviation market headed for a "bubble."
Supply and demand, and whether government-supported airliner export financing
is contributing to overproduction concerns, are expected to be hotly debated
topics at ISTAT's two days of panel discussions and presentations featuring
C-suite speakers from across the aircraft spectrum.
ISTAT's "Who's Who" list of presenters scheduled this year include John Leahy,
Chief Operating Officer-Customers, Airbus; Randy Tinseth, V.P., Marketing,
Boeing Commercial Airplanes, senior executives from regional jet builders,
Bombardier, and Embraer; Jean-Paul Ebanga, President and CEO of engine
builder CFM International; Robert Morin, V.P. Transportation Div., U.S.
Export-Import Bank, aircraft leasing CEOs Steven F. Udvar-Hazy of Air Lease
Corp. and Ray Sisson of AWAS, and V.P. Michael Kriedberg of GECAS; and Patrick
Kaufer, Managing Director of Deutsche Bank, a major aircraft financing bank
"ISTAT crosses so many levels of aviation – airlines, financiers,
manufacturers, lessors, investors, appraisers – and often at the highest
levels of those organizations," said Joseph Ozimek, ISTAT president and vice
president for 737 MAX marketing at Boeing Commercial Airplanes. "Our annual
meeting is the preeminent event of its type."
The annual Americas meeting – and other regional ISTAT sessions in Europe and
Asia – often see intense discussions play out in its public sessions and side
meetings as members debate over the range of current industry issues.
"The annual meeting is a prime example of ISTAT's member value. People look to
it as a neutral forum to get together to discuss industry issues as well as
business opportunities," said Doug Runte, managing director at Deutsche Bank
Securities and an ISTAT board member and conference co-chair. "We may have
our own agendas and goals, which sometimes compete with each others, but
everyone here has an interest in advancing commercial aviation, and we come
together to discuss broader opportunities and advance the industry."
ISTAT's annual meeting is also the occasion for presentation of the ISTAT
Award, the Society's highest honor for lifetime achievement in commercial
aviation and one of the industry's most prestigious peer recognitions. 2013's
winner is retired airline executive, Gordon Bethune, who as CEO at Continental
led the carrier's legendary "from worst to first" customer service comeback in
the mid 1990s. Bethune becomes the 12^th winner since the ISTAT Award was
established in 2001.
The Society, through its ISTAT Foundation, also extends its non-profit
outreach to benefit the next generation of aviation industry professionals
through its scholarship program. ISTAT member contributions from meeting
events and other activities have delivered nearly $200 thousand into the hands
of worthy students.
Contact: Marcia Daudelin, 1.312.714.3415, email@example.com
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