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<br /> ISSUE ONE MARCH/APRIL 2011<br /> ONLY PEOPLE WHO TRULY KNOW THE INDUSTRY CAN TELL YOU SOMETHING YOU DON’T ALREADY KNOW AND POINT YOU IN THE RIGHT DIRECTION<br /> Sponsored by<br /> THE 2011 AVIATION 100<br /> EXPORT CREDIT EXPOSURE<br /> AIRBUS A320NEO - GOOD OR VERY BAD?<br /> PRINT / ONLINE / DIGITAL WWW.AIRLINEECONOMICS.CO<br /> <br /> EDITOR'S LETTER<br /> A BREATH OF FRESH AIR<br /> ISSUE ONE, VOLUME ONE<br /> March/April 2011<br /> EDITORIAL TEAM<br /> Victoria Tozer-Pennington<br /> Victoria@aviationnews-online.com<br /> Philip Tozer-Pennington<br /> Philipt@aviationnews-online.com<br /> Kaleyesus Bekele<br /> Kaleyesus@aviationnews-online.com<br /> SUBSCRIPTIONS<br /> Subscription enquiries – contact<br /> Philip or Victoria at:<br /> philipt@aviationnews-online.com<br /> Victoria@aviationnews-online.com<br /> ADV<a title="Issue 1 March/April 11 page 1" href="http://viewer.zmags.co.uk/publication/0777abed?page=1"> ISSUE ONE </a> <a title="Issue 1 March/April 11 page 2" href="http://viewer.zmags.co.uk/publication/0777abed?page=2"> </a> <a title="Issue 1 March/April 11 page 3" href="http://viewer.zmags.co.uk/publication/0777abed?page=3"> EDITOR'S LETTER A BREATH OF FRESH AIR ISSUE</a> <a title="Issue 1 March/April 11 page 4" href="http://viewer.zmags.co.uk/publication/0777abed?page=4"> CONTENTS 04 News </a> <a title="Issue 1 March/April 11 page 5" href="http://viewer.zmags.co.uk/publication/0777abed?page=5"> 42 AIRCRAFT OF THE YEAR 62 AVIATION LESSOR </a> <a title="Issue 1 March/April 11 page 6" href="http://viewer.zmags.co.uk/publication/0777abed?page=6"> NEWS ILFC orders 75 A320neo and becomes launch</a> <a title="Issue 1 March/April 11 page 7" href="http://viewer.zmags.co.uk/publication/0777abed?page=7"> ‡Celebrating 20 Years in business ‡Leading aircr</a> <a title="Issue 1 March/April 11 page 8" href="http://viewer.zmags.co.uk/publication/0777abed?page=8"> NEWS GoodbyeSirJohn Outgoing chief executive </a> <a title="Issue 1 March/April 11 page 9" href="http://viewer.zmags.co.uk/publication/0777abed?page=9"> NEWS Qantas prepares for routes war with Virgi</a> <a title="Issue 1 March/April 11 page 10" href="http://viewer.zmags.co.uk/publication/0777abed?page=10"> NEWS AIRBUS SECURES SKYMARK A380 ORDER Japane</a> <a title="Issue 1 March/April 11 page 11" href="http://viewer.zmags.co.uk/publication/0777abed?page=11"> NEWS TAM signs MOU for 32 A320s Brazil's TAM L</a> <a title="Issue 1 March/April 11 page 12" href="http://viewer.zmags.co.uk/publication/0777abed?page=12"> EXPORT CREDIT Green wit</a> <a title="Issue 1 March/April 11 page 13" href="http://viewer.zmags.co.uk/publication/0777abed?page=13"> “In 2010 the European ECAs supported around 170 A</a> <a title="Issue 1 March/April 11 page 14" href="http://viewer.zmags.co.uk/publication/0777abed?page=14"> EXPORT CREDIT t</a> <a title="Issue 1 March/April 11 page 15" href="http://viewer.zmags.co.uk/publication/0777abed?page=15"> In December, the ATA, pleaded with governmen</a> <a title="Issue 1 March/April 11 page 16" href="http://viewer.zmags.co.uk/publication/0777abed?page=16"> EXPORT CREDIT Irrespective of what the OECD pr</a> <a title="Issue 1 March/April 11 page 17" href="http://viewer.zmags.co.uk/publication/0777abed?page=17"> EXPORT CREDIT EXIM-BOND TABLE UPDATED WITH THE</a> <a title="Issue 1 March/April 11 page 18" href="http://viewer.zmags.co.uk/publication/0777abed?page=18"> A320NEO The A320neo: not new enough? Air</a> <a title="Issue 1 March/April 11 page 19" href="http://viewer.zmags.co.uk/publication/0777abed?page=19"> country that produces light sweet crude, the very</a> <a title="Issue 1 March/April 11 page 20" href="http://viewer.zmags.co.uk/publication/0777abed?page=20"> A320NEO in the </a> <a title="Issue 1 March/April 11 page 21" href="http://viewer.zmags.co.uk/publication/0777abed?page=21"> A320NEO The Airline Economics A320neo Survey </a> <a title="Issue 1 March/April 11 page 22" href="http://viewer.zmags.co.uk/publication/0777abed?page=22"> A320NEO Reliability, reliabi</a> <a title="Issue 1 March/April 11 page 23" href="http://viewer.zmags.co.uk/publication/0777abed?page=23"> A320NEO t</a> <a title="Issue 1 March/April 11 page 24" href="http://viewer.zmags.co.uk/publication/0777abed?page=24"> A320NEO The Airline Economics A320neo Engine S</a> <a title="Issue 1 March/April 11 page 25" href="http://viewer.zmags.co.uk/publication/0777abed?page=25"> While there has been concerns about the reliabili</a> <a title="Issue 1 March/April 11 page 26" href="http://viewer.zmags.co.uk/publication/0777abed?page=26"> A320NEO CFM: The company line Airline Economi</a> <a title="Issue 1 March/April 11 page 27" href="http://viewer.zmags.co.uk/publication/0777abed?page=27"> A320NEO P&W: The company line Airline Economi</a> <a title="Issue 1 March/April 11 page 28" href="http://viewer.zmags.co.uk/publication/0777abed?page=28"> KPMG is delighted to have been actively involved </a> <a title="Issue 1 March/April 11 page 29" href="http://viewer.zmags.co.uk/publication/0777abed?page=29"> STRAPLINE The Aviation 100 www.ai</a> <a title="Issue 1 March/April 11 page 30" href="http://viewer.zmags.co.uk/publication/0777abed?page=30"> AVIATION 100 Airline Economics Aviation 100 The</a> <a title="Issue 1 March/April 11 page 31" href="http://viewer.zmags.co.uk/publication/0777abed?page=31"> 2010 was strong for airlines as it had a good mix</a> <a title="Issue 1 March/April 11 page 32" href="http://viewer.zmags.co.uk/publication/0777abed?page=32"> AVIATION 100 In 2011 aviation is expected to g</a> <a title="Issue 1 March/April 11 page 33" href="http://viewer.zmags.co.uk/publication/0777abed?page=33"> subprime nightmareon its hands; China has very</a> <a title="Issue 1 March/April 11 page 34" href="http://viewer.zmags.co.uk/publication/0777abed?page=34"> CEO OF THE YEAR </a> <a title="Issue 1 March/April 11 page 35" href="http://viewer.zmags.co.uk/publication/0777abed?page=35"> 1 0,100 senior aerospace execu- </a> <a title="Issue 1 March/April 11 page 36" href="http://viewer.zmags.co.uk/publication/0777abed?page=36"> CEO OF THE YEAR Pullquote please Pullquote pleas</a> <a title="Issue 1 March/April 11 page 37" href="http://viewer.zmags.co.uk/publication/0777abed?page=37"> excess capacity. At other major airports there is</a> <a title="Issue 1 March/April 11 page 38" href="http://viewer.zmags.co.uk/publication/0777abed?page=38"> CEO OF THE YEAR </a> <a title="Issue 1 March/April 11 page 39" href="http://viewer.zmags.co.uk/publication/0777abed?page=39"> Based in Dublin, ORIX Aviation is a major aircraf</a> <a title="Issue 1 March/April 11 page 40" href="http://viewer.zmags.co.uk/publication/0777abed?page=40"> AIRLINE OF THE YEAR Airline of the Year – Sout</a> <a title="Issue 1 March/April 11 page 41" href="http://viewer.zmags.co.uk/publication/0777abed?page=41"> AIRLINE OF THE YEAR </a> <a title="Issue 1 March/April 11 page 42" href="http://viewer.zmags.co.uk/publication/0777abed?page=42"> AIRLINE OF THE YEAR </a> <a title="Issue 1 March/April 11 page 43" href="http://viewer.zmags.co.uk/publication/0777abed?page=43"> flights to more than 800 international destination</a> <a title="Issue 1 March/April 11 page 44" href="http://viewer.zmags.co.uk/publication/0777abed?page=44"> AIRCRAFT OF THE YEAR 2010 AIRCRAFT TOP TEN 1 </a> <a title="Issue 1 March/April 11 page 45" href="http://viewer.zmags.co.uk/publication/0777abed?page=45"> Middle East and Asia/Pacific (APAC) regions again</a> <a title="Issue 1 March/April 11 page 46" href="http://viewer.zmags.co.uk/publication/0777abed?page=46"> AIRCRAFT OF THE YEAR for many</a> <a title="Issue 1 March/April 11 page 47" href="http://viewer.zmags.co.uk/publication/0777abed?page=47"> AIRCRAFT OF THE YEAR 1 The Aviation 100 aircraft</a> <a title="Issue 1 March/April 11 page 48" href="http://viewer.zmags.co.uk/publication/0777abed?page=48"> AIRCRAFT OF THE YEAR 777-300ER 2 </a> <a title="Issue 1 March/April 11 page 49" href="http://viewer.zmags.co.uk/publication/0777abed?page=49"> AIRCRAFT OF THE YEAR 3 A320 </a> <a title="Issue 1 March/April 11 page 50" href="http://viewer.zmags.co.uk/publication/0777abed?page=50"> AIRCRAFT OF THE YEAR 4 747-400 </a> <a title="Issue 1 March/April 11 page 51" href="http://viewer.zmags.co.uk/publication/0777abed?page=51"> 5 Airbus A380 To say that th</a> <a title="Issue 1 March/April 11 page 52" href="http://viewer.zmags.co.uk/publication/0777abed?page=52"> AIRCRAFT OF THE YEAR 6 Airbus A330-200 </a> <a title="Issue 1 March/April 11 page 53" href="http://viewer.zmags.co.uk/publication/0777abed?page=53"> 7 Boeing 757-200 T</a> <a title="Issue 1 March/April 11 page 54" href="http://viewer.zmags.co.uk/publication/0777abed?page=54"> AIRCRAFT OF THE YEAR 8 Mitsubishi MRJ90 W</a> <a title="Issue 1 March/April 11 page 55" href="http://viewer.zmags.co.uk/publication/0777abed?page=55"> AIRCRAFT OF THE YEAR 9 Boeing 737-900ER </a> <a title="Issue 1 March/April 11 page 56" href="http://viewer.zmags.co.uk/publication/0777abed?page=56"> AIRCRAFT OF THE YEAR 10EmbraerE190 </a> <a title="Issue 1 March/April 11 page 57" href="http://viewer.zmags.co.uk/publication/0777abed?page=57"> AIRCRAFT OF THE YEAR FULL COMPARRISON CHART: I</a> <a title="Issue 1 March/April 11 page 58" href="http://viewer.zmags.co.uk/publication/0777abed?page=58"> BANK OF THE YEAR Aviation 100 bank of the yea</a> <a title="Issue 1 March/April 11 page 59" href="http://viewer.zmags.co.uk/publication/0777abed?page=59"> ket in dollar volume terms (see table 1). Ab</a> <a title="Issue 1 March/April 11 page 60" href="http://viewer.zmags.co.uk/publication/0777abed?page=60"> LAW FIRM OF THE YEAR Aviation 100 Law Firm of</a> <a title="Issue 1 March/April 11 page 61" href="http://viewer.zmags.co.uk/publication/0777abed?page=61"> Considering Capital Markets? Talk to us </a> <a title="Issue 1 March/April 11 page 62" href="http://viewer.zmags.co.uk/publication/0777abed?page=62"> CFO OF THE YEAR Continental CFO – Zane Rowe Con</a> <a title="Issue 1 March/April 11 page 63" href="http://viewer.zmags.co.uk/publication/0777abed?page=63"> it will cut 500 downtown Houston jobs from April </a> <a title="Issue 1 March/April 11 page 64" href="http://viewer.zmags.co.uk/publication/0777abed?page=64"> LESSOR OF THE YEAR Met</a> <a title="Issue 1 March/April 11 page 65" href="http://viewer.zmags.co.uk/publication/0777abed?page=65"> Already within many regions lessors are close</a> <a title="Issue 1 March/April 11 page 66" href="http://viewer.zmags.co.uk/publication/0777abed?page=66"> LESSOR OF THE YEAR ONES TO WATCH OUT FOR IN 20</a> <a title="Issue 1 March/April 11 page 67" href="http://viewer.zmags.co.uk/publication/0777abed?page=67"> LESSOR OF THE YEAR The return of the Pegasus A</a> <a title="Issue 1 March/April 11 page 68" href="http://viewer.zmags.co.uk/publication/0777abed?page=68"> LESSOR OF THE YEAR Lessor: regional variation</a> <a title="Issue 1 March/April 11 page 69" href="http://viewer.zmags.co.uk/publication/0777abed?page=69"> LESSOR OF THE YEAR Middle East The vote from t</a> <a title="Issue 1 March/April 11 page 70" href="http://viewer.zmags.co.uk/publication/0777abed?page=70"> LESSOR OF THE YEAR Aviation 100 Lessor of 201</a> <a title="Issue 1 March/April 11 page 71" href="http://viewer.zmags.co.uk/publication/0777abed?page=71"> 2. GECAS Operating leases For airlines interested</a> <a title="Issue 1 March/April 11 page 72" href="http://viewer.zmags.co.uk/publication/0777abed?page=72"> LESSOR OF THE YEAR 3. AerCap Operating Leases </a> <a title="Issue 1 March/April 11 page 73" href="http://viewer.zmags.co.uk/publication/0777abed?page=73"> LESSOR OF THE YEAR 4. BOC Aviation: Q&A: BOC A</a> <a title="Issue 1 March/April 11 page 74" href="http://viewer.zmags.co.uk/publication/0777abed?page=74"> LESSOR OF THE YEAR on BOC Aviation to provide </a> <a title="Issue 1 March/April 11 page 75" href="http://viewer.zmags.co.uk/publication/0777abed?page=75"> LESSOR OF THE YEAR cies, this will place enhan</a> <a title="Issue 1 March/April 11 page 76" href="http://viewer.zmags.co.uk/publication/0777abed?page=76"> LESSOR OF THE YEAR 7. Guggenheim Aviation Part</a> <a title="Issue 1 March/April 11 page 77" href="http://viewer.zmags.co.uk/publication/0777abed?page=77"> continued from previous page Expanding into the </a> <a title="Issue 1 March/April 11 page 78" href="http://viewer.zmags.co.uk/publication/0777abed?page=78"> APPRAISER OF THE YEAR Aviation 100 appraiser </a> <a title="Issue 1 March/April 11 page 79" href="http://viewer.zmags.co.uk/publication/0777abed?page=79"> required through the downcycle. One of the things</a> <a title="Issue 1 March/April 11 page 80" href="http://viewer.zmags.co.uk/publication/0777abed?page=80"> THE FACE OF AVIATION </a> <a title="Issue 1 March/April 11 page 81" href="http://viewer.zmags.co.uk/publication/0777abed?page=81"> one. Even in that one year the normal increase (t</a> <a title="Issue 1 March/April 11 page 82" href="http://viewer.zmags.co.uk/publication/0777abed?page=82"> THE FACE OF AVIATION Your management team has </a> <a title="Issue 1 March/April 11 page 83" href="http://viewer.zmags.co.uk/publication/0777abed?page=83"> THE FACE OF AVIATION </a> <a title="Issue 1 March/April 11 page 84" href="http://viewer.zmags.co.uk/publication/0777abed?page=84"> MRO OF THE YEAR Aviation 100 MRO </a> <a title="Issue 1 March/April 11 page 85" href="http://viewer.zmags.co.uk/publication/0777abed?page=85"> Walter Heerdt, senior vice president for marketin</a> <a title="Issue 1 March/April 11 page 86" href="http://viewer.zmags.co.uk/publication/0777abed?page=86"> MRO OF THE YEAR 1.LufthansaTechnik Lufthansa T</a> <a title="Issue 1 March/April 11 page 87" href="http://viewer.zmags.co.uk/publication/0777abed?page=87"> 2. Sabena Technics TAT Group and Boeing aircraft </a> <a title="Issue 1 March/April 11 page 88" href="http://viewer.zmags.co.uk/publication/0777abed?page=88"> MRO OF THE YEAR  Bg&lbmnZbk_hbe[e^g]bg`  Mhi</a> <a title="Issue 1 March/April 11 page 89" href="http://viewer.zmags.co.uk/publication/0777abed?page=89"> MRO OF THE YEAR AAR is the leading indepe</a> <a title="Issue 1 March/April 11 page 90" href="http://viewer.zmags.co.uk/publication/0777abed?page=90"> MRO OF THE YEAR 6. MTU Maintenance MTU Mainten</a> <a title="Issue 1 March/April 11 page 91" href="http://viewer.zmags.co.uk/publication/0777abed?page=91"> MRO OF THE YEAR African and Middle East custom</a> <a title="Issue 1 March/April 11 page 92" href="http://viewer.zmags.co.uk/publication/0777abed?page=92"> MRO OF THE YEAR 8. HAECO Hong Kong Aircraft En</a> <a title="Issue 1 March/April 11 page 93" href="http://viewer.zmags.co.uk/publication/0777abed?page=93"> 9. AMECO BEIJING Aircraft Maintenance and Enginee</a> <a title="Issue 1 March/April 11 page 94" href="http://viewer.zmags.co.uk/publication/0777abed?page=94"> PARTS SUPPLIER OF THE YEAR Aviation 100 parts</a> <a title="Issue 1 March/April 11 page 95" href="http://viewer.zmags.co.uk/publication/0777abed?page=95"> among the engine leasing companies. The key consi</a> <a title="Issue 1 March/April 11 page 96" href="http://viewer.zmags.co.uk/publication/0777abed?page=96"> MEDIA KIT 2011 ONLY PEOPLE WHO TRULY KNOW THE IND</a> <a title="Issue 1 March/April 11 page 97" href="http://viewer.zmags.co.uk/publication/0777abed?page=97"> WHO WE ARE We are Aviation News Ltd. We are a co</a> <a title="Issue 1 March/April 11 page 98" href="http://viewer.zmags.co.uk/publication/0777abed?page=98"> $LUOLQH (FRQRPLFV ÀOOV D PDUNHW YRLG ZLWK HGLWRUL</a> <a title="Issue 1 March/April 11 page 99" href="http://viewer.zmags.co.uk/publication/0777abed?page=99"> AIRLINE ECONOMICS 2011 EDITORIAL CALENDAR GLOBAL</a> <a title="Issue 1 March/April 11 page 100" href="http://viewer.zmags.co.uk/publication/0777abed?page=100"> GLOBAL NEWS LEADS X The lead stories selected a</a> <a title="Issue 1 March/April 11 page 101" href="http://viewer.zmags.co.uk/publication/0777abed?page=101"> AIRLINE ECONOMICS 2011 EDITORIAL CALENDAR OCTOBE</a> <a title="Issue 1 March/April 11 page 102" href="http://viewer.zmags.co.uk/publication/0777abed?page=102"> Aerospace Investment Journal – Incorporating the </a> <a title="Issue 1 March/April 11 page 103" href="http://viewer.zmags.co.uk/publication/0777abed?page=103"> MRO GLOBAL MRO Global will be the leading public</a> <a title="Issue 1 March/April 11 page 104" href="http://viewer.zmags.co.uk/publication/0777abed?page=104"> Preferred format: Adobe Acrobat PDFs PDFs must be</a> <a title="Issue 1 March/April 11 page 105" href="http://viewer.zmags.co.uk/publication/0777abed?page=105"> A320/A320NEO GUIDE AIRBUS A380 AND A320 GUIDES </a> <a title="Issue 1 March/April 11 page 106" href="http://viewer.zmags.co.uk/publication/0777abed?page=106"> MAJOR AIRCRAFT SALES 15TH JANUARY – 15TH FEBRUARY</a> <a title="Issue 1 March/April 11 page 107" href="http://viewer.zmags.co.uk/publication/0777abed?page=107"> MAJOR AIRCRAFT SALES 15TH JANUARY – 15TH FEBRUARY</a> <a title="Issue 1 March/April 11 page 108" href="http://viewer.zmags.co.uk/publication/0777abed?page=108"> MAJOR AIRCRAFT SALES 15TH JANUARY – 15TH FEBRUARY</a> <a title="Issue 1 March/April 11 page 109" href="http://viewer.zmags.co.uk/publication/0777abed?page=109"> MAJOR AIRCRAFT SALES 15TH JANUARY – 15TH FEBRUARY</a> <a title="Issue 1 March/April 11 page 110" href="http://viewer.zmags.co.uk/publication/0777abed?page=110"> DATA ENGINE VALUES AND MARKET LEASE RATES AS</a> <a title="Issue 1 March/April 11 page 111" href="http://viewer.zmags.co.uk/publication/0777abed?page=111"> DATA 18-Jan-11 15-Feb-11 18-Jan-11 </a> <a title="Issue 1 March/April 11 page 112" href="http://viewer.zmags.co.uk/publication/0777abed?page=112"> DATA STORAGE SUMMARY Mfr & Type Fleet Sto</a> <a title="Issue 1 March/April 11 page 113" href="http://viewer.zmags.co.uk/publication/0777abed?page=113"> DATA AIRCRAFT LIST PRICES, CMVS AND LEASE RAT</a> <a title="Issue 1 March/April 11 page 114" href="http://viewer.zmags.co.uk/publication/0777abed?page=114"> OFF THE RECORD Off the record Airline Economics </a> <a title="Issue 1 March/April 11 page 115" href="http://viewer.zmags.co.uk/publication/0777abed?page=115"> Take your business to the next level Ascend's re</a> <a title="Issue 1 March/April 11 page 116" href="http://viewer.zmags.co.uk/publication/0777abed?page=116"> Knowledge KPMG is a leading provider of cross</a>