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December 2007 December 2007 ISTAT JetraderInternational Society of Transport Aircraft Trading Interview Joe Sutter Q+A Stefan Vilner JetBird Dubai Airshow Technology Ii A n :FBSTPG$POOFDUJOH"WJBUJPO-FBEFST 3FHJTUFS5PEBZ #PPLOPXBOESFTFSWFZPVSSPPNBUXXX*45"5PSH ISTAT 25th Annual Conference 9-11 March 2008 Omni Orlando Resort at ChampionsGate Orlando, Florida Join the International Society of Transport Aircraft Trading for our 25th Annual Conference, where you’ll discover cutting-edge concepts in modern aviation during the industry’s ultimate networking forum! For complete event details, visit us at www.ISTAT.org or call +1.312.321.5169. International Society of Transport Aircraft Trading ISTAT President Michael Platt >>>this issue aving just returned from a visit to the 5 Interview with Joe Sutter Dubai Airshow and a visit to China, it is clear that the office tower construc- The Birth of the 747 ...and Beyond tion business is the place to be! Too bad most construction equipment is not Htransported by air. By Michael Platt I want to thank Bob Genise and the team at Dubai Aerospace Enterprise for sponsoring a spec- 8 Q + A Stefan Vilner | JetBird tacular ISTAT reception at the Dubai Creek Golf Club during the Air Show. A few hundred ISTAT members and their guests enjoyed a great evening under the desert sky. The mood in Dubai was certainly upbeat 10 as orders flowed as freely as the champagne. Emir- Thrust Reverse Systems ates and DAE together order over $60 Billion of air- craft. We even saw a Saudi “Royal” order a private By James E. Neumann A380. Airbus announced that they intend to deliver over 500 aircraft in 2008! 12 Dubai Airshow What does all of this exuberance mean for ISTAT members? Clearly we will all be very busy. All of these aircraft (with the exception By Bert van Leeuwen of the private A380) will have to be financed. Many will require ap- praisals. Many will have to be marketed and will replace aircraft that 16 Focus on our ISTAT have to be remarketed. Technical inspections, returns, reconfigurations, sleepless nights, … I don’t think too many of us will be surprised to see these record high orders deliver at a time when overcapacity leads to Scholars By Roland Moore airline difficulties and perhaps failures resulting in even more work for all of us. But work is good. It is how money is made an opportunities arise. It keeps the jet fuel pumping through our veins. If this doesn’t inspire you to log onto the ISTAT website and 17-18 Aircraft Appraisals register for the 25th annual ISTAT Conference in Orlando, Florida in March, then perhaps just thinking about all the opportunities to meet 1 | Boeing 747-400 Ascend leading industry participants, listen to insightful presentations and have 2 | Airbus 340-300 Avitas a great time while signing up deals in the hallway will motivate you. We have grown both in membership and in importance. Last year we had 1,000 attendees and this year we anticipate more. There are not 19 enough rooms in the hotel to accommodate everybody, so I suggest you ISTAT Foundation register and book your room now. In the past we have heard a few negative comments about 20 Airline Investment Analysis how big the conferences have become. We are not in the business of excluding people and as the conferences get better, more people, in- By Douglas Castle cluding more CEOs want to come. We will send out a list of registered attendees well in advance of the conference so that you can make prior 21 Test Pilot By Bill Becker arrangements to meet with people and make the best use of your time in Orlando. The committee is working on firming up a great panel of 22 Peter Huijbers speakers, with some very exciting special presentations we are trying to BIG MOVES | pull off. Our former college fraternity social chairmen (and I dare say we have a few of them among our Board and membership) are putting the finishing touches on some spectacular receptions and our staff is working hard to make this a great experience for everyone. I look forward to seeing you all in Orlando. cover :: Bert van Leeuwen, DVB Bank right :: Dubai Airshow from above Jetrader is a bi-monthly publication of ISTAT, the International Society of Transport Aircraft Trading. ISTAT was founded in 1983 to act as a forum and to promote improved commu- nications among those involved in aviation and supporting ISTAT Calendar industries, who operate, manufacture, maintain, sell, pur- chase, finance, lease, appraise, insure or otherwise engage in activities related to transport category aircraft. 9 - 11 March 2008 Officers 25th Annual Conference Michael Platt President Omni Orlando Resort at ChampionsGate Thomas W Heimsoth Immediate Past President 14 July 2008 John W Vitale Vice President ISTAT Farnborough Airshow Reception Gregory A May Vice President |Treasurer 5 - 7 October 2008 Connie Laudenschlager Vice President |Secretary ISTAT 15th European Conference Board of Directors Fred Klein Hilton Prague Fred E Bearden Mark Pearman-Wright Prague, Czech Republic Anthony Diaz Joseph W Ozimek Sigthor Einarsson Marc Allinson Jay W Hancock Daniel Pietrzak Peter Huijbers Stephen Rimmer ISTAT International Appraisers Board of Governors Steve Boecker Fred E Bearden Doug Emerson Appraiser Fellow Jay Hancock Chairman Siggi Kristinsson Al Nigro NOTICE William Bath Fred Klein Appraiser Fellow Senior Appraiser Open BOARD POSITIONS Administrative Director Neil G Whitehouse ISTAT Board of Directors ISTAT Appraisers Program Senior Appraiser Two positions for the ISTAT Board of Directors will ISTAT Foundation Trustees be opening in Spring 2008. Stephen T Rimmer John Batchelor Chairman Klaus Heinemann Robert Brown Wayne Lippman Consider taking an active role in the direction and . Vice Chairman James Morris growth of ISTAT Michael Platt Roland H Moore ISTAT President Chris Partridge Please contact any current Board member and/or the Thomas W Heimsoth Nick Popovich association office for further information. Applications ISTAT Immediate David P Sutton will be available shortly. Past President David Treitel Gregory A May Warren Willits Secretary | Treasurer Roland Moore . ISTAT Historian International Society of Transport Aircraft Trading Ron Pietrzak, Executive Director, [email protected] Ben Barclay, Project Coordinator, [email protected] Dana Henninger, Member Services, [email protected] 401 N Michigan Avenue, Chicago, Illinois 60611 USA T +1 312-321-5169 F +1 312-673-6579 E [email protected] W www.ISTAT.org A/E art /editorial content / advertising sales Barbara Rogers Iverson . Stephen Iverson publishers Ajax News . 1006 E First Street . Long Beach CA 90802 USA [email protected] [email protected] T +1 213 784 0219 All articles submitted are the sole property and responsibility of the authors and the JETRADER disclaims all liability for any data, information, or opinions contained herein and makes no representation or war- ranties as to their accuracy. The article’s authors bear sole responsibility for accuracy. The authors retain responsibility for obtaining permission when incorporating copyrighted materials into their articles, includ- ing photographs and charts and any other display items. Any comments related to the content of individual authors should be directed to the author of the articles. Jetrader | 4 ©Ajax News 2007 2008 ISTAT Award The Birth of the 747…and Beyond An Interview with Joe Sutter By Micheal Platt, ISTAT President MP: Is global JS: When you look at the modern way of production of air- communicating electronically, you lose craft more difficult something. If all the engineering and pro- to get right? duction teams are in the same building, that is easier. Trying to go global via the internet is tougher because the nuances aren’t there. For example, if a sup- plier is having trouble, and you ask him by email if he is going to be able to recover in 30 days, you get an email reply. But if you sat down across the table from the guy, you could size him up to see what he is really talking about. It is not all gravy when you rely on computers and lose that important human contact. MP: When the 747 JS: Those big leaps are not going to happen came out it rep- anymore. If you look at the 747, in 1970 its resented a huge cruise speed was .85 Mach, and today it is leap in productiv- still the fastest airplane out there. There has ity and technology. been no increase in speed. There have been Will we see big increases in range and improvements in ef- leaps like this in ficiency, but those gains are coming harder the future? Will we and harder. The gain of the 747-800 is about MP: In your book, JS: I think the delays on the 787 were not see all composite, 10 percent, and I think they are quoting 15 to 747: Creating the really delays. The guys tried to develop a very large aircraft? 20 percent for the 787. Those are the last big World’s First Jum- whole new concept of aircraft—all compos- steps for quite a while, until you get the next bo Jet and Other ite, all electric. In combination with farm- big step in engines. Building an all composite large aircraft like the Adventures from ing out major sections all over the world 747 or A380 is not in the cards at all because the 787 technique for a Life in Aviation and changing the way the aircraft was be- building the fuselage can’t be applied to a fuselage that is 50 percent (Collins, 2007), ing built, the designers simply needed more larger. The tools to apply the tape aren’t there, and the autoclaves you wrote that time to complete, which they are taking now.
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