Commercial Aviation's Upward Climb Lifts ISTAT Mission, Annual Meeting | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.21.25

Airborne-NextGen-04.22.25

AirborneUnlimited-04.23.25

Airborne-FltTraining-04.24.25

AirborneUnlimited-04.25.25

Wed, Mar 21, 2012

Commercial Aviation's Upward Climb Lifts ISTAT Mission, Annual Meeting

Conference Points To Soaring Aircraft Production Levels As Reason For Optimism

With 2012 global commercial-aircraft deliveries forecast to approach a record nearly $100 billion, the business of buying, selling and financing airplanes continues on an upward climb, powered by a healthy appetite for investment opportunities in what has been a very high-performing asset class. That enviable environment underpins ISTAT Americas 2012, the annual meeting of the International Society of Transport Aircraft Trading (ISTAT) that opened Monday in Scottsdale, AZ. Attendance on day one reached yet another record – more than 1,300 participants from 30 countries.

For nearly 30 years as not-for-profit industry society, ISTAT has been dedicated to fostering and promoting interest and educational opportunities in commercial aviation while providing a forum for those involved in the aviation and supporting industries. Nicholas Calio, president and CEO of the airline trade association, Airlines for America (A4A), is this year's keynote speaker on day one, which highlights airframe and engine manufacturing topics. Other presenters include senior-level executives from Airbus, Boeing, Bombardier and engine manufacturer CFM. Day two speakers representing financing and leasing interests include CEOs from aircraft leasing firms ALC and GE Capital Aviation Services (GECAS).

"The growth of ISTAT, and our annual meeting, reflects the continuing growth of the aviation industry," said Joseph Ozimek, ISTAT president and vice president for 737 MAX marketing at Boeing Commercial Airplanes. "Four years ago, industry deliveries were about $62 billion; today we're looking at $100 billion and beyond.  As investments, aircraft have done spectacularly well through the economic downturn. ISTAT has become an industry leader because people acknowledge that our non-profit nature lets us be unbiased," Ozimek said.

ISTAT has made inroads in attracting new members from the airline industry as it moves to include more customer-focused interactions by its members who have typically come from the aircraft sales and financing sectors. The Society's membership from air carriers has doubled in the last two years, and now represents more than 2,700 members worldwide who are involved in operating, manufacturing, maintaining, selling, purchasing, financing, leasing, appraising, insuring or other activities related to the commercial aviation sector.

"ISTAT events provide forums for interaction for industry participants from all sectors of commercial aviation," said Daniel Pietrzak, an ISTAT board member and managing director of aircraft transactions, Delta Air Lines. "Members and non-members from around the world come to share ideas, do business, and hear about the latest issues affecting our businesses."

Beyond its annual meeting in the U.S., ISTAT's reach has been extended to include events in Asia, Europe and at the Paris and Farnborough Air Shows. "Today's ISTAT works hard at fostering a global community and dialogue around aviation interests," said Doug Runte, an ISTAT board member and managing director at Deutsche Bank Securities. "Through our annual events, including our marquee annual conference and a greatly expanded presence this year at Farnborough, we bring together thousands involved in the industry. We may bring individual viewpoints, but we all look to lift the entire aviation industry, so that we can all benefit." 

Among ISTAT's interests is support for and development of standards for the global aircraft appraisal industry. The society sponsors the ISTAT Certified Appraiser program, of which there are nearly 50 members world worldwide.

FMI: www.istat.org

Advertisement

More News

FAA Rescinds Onerous Medical Denial Policy

Pivots To Educating Pilots On Facilitating Applications On April 23, the acting administrator of the FAA announced that the agency will not move ahead with its policy of issuing de>[...]

Aero-News: Quote of the Day (04.28.25)

“While legendary World War II aircraft such as the Corsair and P-51 Mustang still were widely flown at the start of the Korean War in 1950, a new age of jets rapidly came to >[...]

Klyde Morris (04.28.25)

Klyde Will Not Be Denied Access To His Sports... FMI: www.klydemorris.com>[...]

Boom Gears Up to Test Symphony Engine in Colorado

Supersonic Manufacturer Selects Colorado Air and Space Port for Testing Boom Supersonic, manufacturer of the XB-1 jet, recently announced that it would be using the Colorado Air an>[...]

Airmen Medical Applications Hit Record Numbers

Agency Seeks Public Advice as the Medical Process Grows Overwhelmed As airmen medical applications reach an all-time high, the FAA is turning to the public to review questions, com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC