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<br /> ISSUE FORTYFOUR JUNE-JULY 2018<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> ORIX Aviation<br /> swoops on<br /> Avolon stake<br /> FORTY<br /> 40<br /> ORIX Aviation shows its metal<br /> by taking 30% of Avolon<br /> 40 under 40<br /> 2018<br /> UNDER<br /> This year’s top young aviation<br /> executives are celebrated in the<br /> Airline Economics 40 under 40<br /> FORTY<br /> 40<br /> UNDER<br /> www.aviationnews-online.com<br /> WINNER 2018<br /> Asset Management<br /> Aset Management<br /> •<br /> •<br /> •<br /> Remarketing Servic<a title="Issue 44 June/July page 1" href="http://viewer.zmags.com/publication/8014a52e?page=1"> ISSUE FORTYFOUR </a> <a title="Issue 44 June/July page 2" href="http://viewer.zmags.com/publication/8014a52e?page=2"> Asset Management Aset Management • • • Remark</a> <a title="Issue 44 June/July page 3" href="http://viewer.zmags.com/publication/8014a52e?page=3"> EDITOR’S LETTER A PASSION FOR SUCCESS </a> <a title="Issue 44 June/July page 4" href="http://viewer.zmags.com/publication/8014a52e?page=4"> CONTENTS FORTY 40 UNDER FORTY 40 UNDER WIN</a> <a title="Issue 44 June/July page 5" href="http://viewer.zmags.com/publication/8014a52e?page=5"> BOSTON | SHANNON | LONDON | SINGAPORE SUPP</a> <a title="Issue 44 June/July page 6" href="http://viewer.zmags.com/publication/8014a52e?page=6"> NEWS Orix Aviation acquires 30% stake in Avolon</a> <a title="Issue 44 June/July page 7" href="http://viewer.zmags.com/publication/8014a52e?page=7"> It's about you. Only one MR</a> <a title="Issue 44 June/July page 8" href="http://viewer.zmags.com/publication/8014a52e?page=8"> NEWS EL AL Israel Airlines funds one 787 with U</a> <a title="Issue 44 June/July page 9" href="http://viewer.zmags.com/publication/8014a52e?page=9"> Fly Safe We make our customers New Fly on Ti</a> <a title="Issue 44 June/July page 10" href="http://viewer.zmags.com/publication/8014a52e?page=10"> </a> <a title="Issue 44 June/July page 11" href="http://viewer.zmags.com/publication/8014a52e?page=11"> www.rolls-royce.com/servicescatalogue In t</a> <a title="Issue 44 June/July page 12" href="http://viewer.zmags.com/publication/8014a52e?page=12"> NEWS WEST IV ABS closes oversubscribed Willis L</a> <a title="Issue 44 June/July page 13" href="http://viewer.zmags.com/publication/8014a52e?page=13"> Global Leaders in Aviation Finance kpmg.ie/aviat</a> <a title="Issue 44 June/July page 14" href="http://viewer.zmags.com/publication/8014a52e?page=14"> NEWS Hawaiian Airlines funds two A321neos </a> <a title="Issue 44 June/July page 15" href="http://viewer.zmags.com/publication/8014a52e?page=15"> </a> <a title="Issue 44 June/July page 16" href="http://viewer.zmags.com/publication/8014a52e?page=16"> NEWS Lessor bond spree During this quarter, air</a> <a title="Issue 44 June/July page 17" href="http://viewer.zmags.com/publication/8014a52e?page=17"> Navigating Global Aviation reed</a> <a title="Issue 44 June/July page 18" href="http://viewer.zmags.com/publication/8014a52e?page=18"> NEWS Qatar Airways completes sale-leaseback of </a> <a title="Issue 44 June/July page 19" href="http://viewer.zmags.com/publication/8014a52e?page=19"> </a> <a title="Issue 44 June/July page 20" href="http://viewer.zmags.com/publication/8014a52e?page=20"> NEWS Eye on Indian aviation The International A</a> <a title="Issue 44 June/July page 21" href="http://viewer.zmags.com/publication/8014a52e?page=21"> Global Transportation Finance Global clients. G</a> <a title="Issue 44 June/July page 22" href="http://viewer.zmags.com/publication/8014a52e?page=22"> NEWS NAC and BeauTech partner E190s deal Nordic</a> <a title="Issue 44 June/July page 23" href="http://viewer.zmags.com/publication/8014a52e?page=23"> …Constructed. Financed. Exported. The moment of</a> <a title="Issue 44 June/July page 24" href="http://viewer.zmags.com/publication/8014a52e?page=24"> NEWS Xiamen Lease signs new deal with China Eas</a> <a title="Issue 44 June/July page 25" href="http://viewer.zmags.com/publication/8014a52e?page=25"> </a> <a title="Issue 44 June/July page 26" href="http://viewer.zmags.com/publication/8014a52e?page=26"> NEWS Lessors and MROs celebrate IATA/CFM agreem</a> <a title="Issue 44 June/July page 27" href="http://viewer.zmags.com/publication/8014a52e?page=27"> Think Small World-Class </a> <a title="Issue 44 June/July page 28" href="http://viewer.zmags.com/publication/8014a52e?page=28"> NEWS Farnborough International Airshow 2018 The</a> <a title="Issue 44 June/July page 29" href="http://viewer.zmags.com/publication/8014a52e?page=29"> Share Your Views Gender & Diversity in Aviation S</a> <a title="Issue 44 June/July page 30" href="http://viewer.zmags.com/publication/8014a52e?page=30"> FARNBOROUGH INTERNATIONAL AIRSHOW LESSOR ORDERS </a> <a title="Issue 44 June/July page 31" href="http://viewer.zmags.com/publication/8014a52e?page=31"> Your Global Partners for Financing and Management</a> <a title="Issue 44 June/July page 32" href="http://viewer.zmags.com/publication/8014a52e?page=32"> FARNBOROUGH INTERNATIONAL AIRSHOW LESSOR ORDERS </a> <a title="Issue 44 June/July page 33" href="http://viewer.zmags.com/publication/8014a52e?page=33"> R T N I D U C I N G O Investing | Leasing</a> <a title="Issue 44 June/July page 34" href="http://viewer.zmags.com/publication/8014a52e?page=34"> FARNBOROUGH INTERNATIONAL AIRSHOW LESSOR ORDERS </a> <a title="Issue 44 June/July page 35" href="http://viewer.zmags.com/publication/8014a52e?page=35"> Choose Winston. We Deliver. AIRFINAN</a> <a title="Issue 44 June/July page 36" href="http://viewer.zmags.com/publication/8014a52e?page=36"> FARNBOROUGH INTERNATIONAL AIRSHOW LESSOR ORDERS </a> <a title="Issue 44 June/July page 37" href="http://viewer.zmags.com/publication/8014a52e?page=37"> </a> <a title="Issue 44 June/July page 38" href="http://viewer.zmags.com/publication/8014a52e?page=38"> FARNBOROUGH INTERNATIONAL AIRSHOW AIRLINE ORDERS </a> <a title="Issue 44 June/July page 39" href="http://viewer.zmags.com/publication/8014a52e?page=39"> YOUR GO-TO BANK IN AVIATION We</a> <a title="Issue 44 June/July page 40" href="http://viewer.zmags.com/publication/8014a52e?page=40"> NEWS ELF President & CEO, Jon Sharp, to retire </a> <a title="Issue 44 June/July page 41" href="http://viewer.zmags.com/publication/8014a52e?page=41"> The sky is not the limit At AerFin we’re not con</a> <a title="Issue 44 June/July page 42" href="http://viewer.zmags.com/publication/8014a52e?page=42"> PEOPLE NEWS Smith wins Air France-KLM CEO role </a> <a title="Issue 44 June/July page 43" href="http://viewer.zmags.com/publication/8014a52e?page=43"> Thinking Differently DUBLIN HO</a> <a title="Issue 44 June/July page 44" href="http://viewer.zmags.com/publication/8014a52e?page=44"> </a> <a title="Issue 44 June/July page 45" href="http://viewer.zmags.com/publication/8014a52e?page=45"> ORIX AVIATION ORIX Aviation swoops on Avolon st</a> <a title="Issue 44 June/July page 46" href="http://viewer.zmags.com/publication/8014a52e?page=46"> ORIX AVIATION ORIX AV</a> <a title="Issue 44 June/July page 47" href="http://viewer.zmags.com/publication/8014a52e?page=47"> </a> <a title="Issue 44 June/July page 48" href="http://viewer.zmags.com/publication/8014a52e?page=48"> TBOLT II Lightning stri</a> <a title="Issue 44 June/July page 49" href="http://viewer.zmags.com/publication/8014a52e?page=49"> a major aircraft leasing company, ALC has a large</a> <a title="Issue 44 June/July page 50" href="http://viewer.zmags.com/publication/8014a52e?page=50"> TBOLT II allow us to sell assets programmatical</a> <a title="Issue 44 June/July page 51" href="http://viewer.zmags.com/publication/8014a52e?page=51"> “The process of raising equity capital for TBOLT </a> <a title="Issue 44 June/July page 52" href="http://viewer.zmags.com/publication/8014a52e?page=52"> TBOLT II ANCHOR EQUITY STRUCTURE The GAPS are 1</a> <a title="Issue 44 June/July page 53" href="http://viewer.zmags.com/publication/8014a52e?page=53"> “The model was a critical step in developing a br</a> <a title="Issue 44 June/July page 54" href="http://viewer.zmags.com/publication/8014a52e?page=54"> TBOLT II “It can be difficult for issuers to con</a> <a title="Issue 44 June/July page 55" href="http://viewer.zmags.com/publication/8014a52e?page=55"> Unlock Savings with GoDirect Flight Efficiency Go</a> <a title="Issue 44 June/July page 56" href="http://viewer.zmags.com/publication/8014a52e?page=56"> </a> <a title="Issue 44 June/July page 57" href="http://viewer.zmags.com/publication/8014a52e?page=57"> FORTY 40 UNDER 40 UNDER 40 40 under 40 </a> <a title="Issue 44 June/July page 58" href="http://viewer.zmags.com/publication/8014a52e?page=58"> 40 UNDER 40 FORTY 40 UNDER Airline Economics </a> <a title="Issue 44 June/July page 59" href="http://viewer.zmags.com/publication/8014a52e?page=59"> BUILDING THE GLOBAL LEADER IN AIRCRAFT LEAS</a> <a title="Issue 44 June/July page 60" href="http://viewer.zmags.com/publication/8014a52e?page=60"> 40 UNDER 40 AJ Abedin AVP Aircraft Marketing & C</a> <a title="Issue 44 June/July page 61" href="http://viewer.zmags.com/publication/8014a52e?page=61"> FORTY 40 UNDER Lucía Ávila Corporate Finance </a> <a title="Issue 44 June/July page 62" href="http://viewer.zmags.com/publication/8014a52e?page=62"> 40 UNDER 40 Mike Bianco President, AvAir Mike </a> <a title="Issue 44 June/July page 63" href="http://viewer.zmags.com/publication/8014a52e?page=63"> FORTY 40 UNDER Martin Browne Vice President C</a> <a title="Issue 44 June/July page 64" href="http://viewer.zmags.com/publication/8014a52e?page=64"> 40 UNDER 40 Tom Doxey Vice President, CFO - Oper</a> <a title="Issue 44 June/July page 65" href="http://viewer.zmags.com/publication/8014a52e?page=65"> </a> <a title="Issue 44 June/July page 66" href="http://viewer.zmags.com/publication/8014a52e?page=66"> 40 UNDER 40 Steven Graham Head of North America,</a> <a title="Issue 44 June/July page 67" href="http://viewer.zmags.com/publication/8014a52e?page=67"> FORTY 40 UNDER Ryan Jasinski Director in Avia</a> <a title="Issue 44 June/July page 68" href="http://viewer.zmags.com/publication/8014a52e?page=68"> 40 UNDER 40 Jesse Johnson Senior Manager – Corpo</a> <a title="Issue 44 June/July page 69" href="http://viewer.zmags.com/publication/8014a52e?page=69"> partner of choice 1000 airlines say so. </a> <a title="Issue 44 June/July page 70" href="http://viewer.zmags.com/publication/8014a52e?page=70"> 40 UNDER 40 Maha Kiani Director - Transport, Hud</a> <a title="Issue 44 June/July page 71" href="http://viewer.zmags.com/publication/8014a52e?page=71"> Your mission is our mission. When you depend on t</a> <a title="Issue 44 June/July page 72" href="http://viewer.zmags.com/publication/8014a52e?page=72"> 40 UNDER 40 Anyi Lee Vice President Global Struc</a> <a title="Issue 44 June/July page 73" href="http://viewer.zmags.com/publication/8014a52e?page=73"> FORTY 40 UNDER 40 UNDER 40 Airline Economics F</a> <a title="Issue 44 June/July page 74" href="http://viewer.zmags.com/publication/8014a52e?page=74"> 40 UNDER 40 Cian Mackey Chief Financial and Oper</a> <a title="Issue 44 June/July page 75" href="http://viewer.zmags.com/publication/8014a52e?page=75"> FORTY 40 UNDER Faraz Naqvi Senior Associate, </a> <a title="Issue 44 June/July page 76" href="http://viewer.zmags.com/publication/8014a52e?page=76"> 40 UNDER 40 Sidanth Rajagopal Equity Partner, K&</a> <a title="Issue 44 June/July page 77" href="http://viewer.zmags.com/publication/8014a52e?page=77"> FORTY 40 UNDER Karl M. Ryan Vice President Ma</a> <a title="Issue 44 June/July page 78" href="http://viewer.zmags.com/publication/8014a52e?page=78"> 40 UNDER 40 Matthew Simonetti Director, Citi As</a> <a title="Issue 44 June/July page 79" href="http://viewer.zmags.com/publication/8014a52e?page=79"> FORTY 40 UNDER Ronan Stewart Chief Executive </a> <a title="Issue 44 June/July page 80" href="http://viewer.zmags.com/publication/8014a52e?page=80"> 40 UNDER 40 Ethan Tan Senior Associate, Stephens</a> <a title="Issue 44 June/July page 81" href="http://viewer.zmags.com/publication/8014a52e?page=81"> FORTY 40 UNDER Steven C Udvar-Házy Senior Vic</a> <a title="Issue 44 June/July page 82" href="http://viewer.zmags.com/publication/8014a52e?page=82"> COLLATERAL VERIFICATIONS </a> <a title="Issue 44 June/July page 83" href="http://viewer.zmags.com/publication/8014a52e?page=83"> AIRCRAFT DATA COLLATERAL VERIFICATIO</a> <a title="Issue 44 June/July page 84" href="http://viewer.zmags.com/publication/8014a52e?page=84"> COLLATERAL VERIFICATIONS VALUE DEFINITIONS CUR</a> <a title="Issue 44 June/July page 85" href="http://viewer.zmags.com/publication/8014a52e?page=85"> COLLATERAL VERIFICATIONS BOEING 787‐9 (AS OF MAY</a> <a title="Issue 44 June/July page 86" href="http://viewer.zmags.com/publication/8014a52e?page=86"> DATA Finance Deals 2018 FINANCE DEALS 2018 Issu</a> <a title="Issue 44 June/July page 87" href="http://viewer.zmags.com/publication/8014a52e?page=87"> DATA Airline Economics Research provides data </a> <a title="Issue 44 June/July page 88" href="http://viewer.zmags.com/publication/8014a52e?page=88"> DATA FINANCE DEALS 2018 Issuer/Borrower </a> <a title="Issue 44 June/July page 89" href="http://viewer.zmags.com/publication/8014a52e?page=89"> DATA LTV Ratin</a> <a title="Issue 44 June/July page 90" href="http://viewer.zmags.com/publication/8014a52e?page=90"> DATA FINANCE DEALS 2018 Issuer/Borrower </a> <a title="Issue 44 June/July page 91" href="http://viewer.zmags.com/publication/8014a52e?page=91"> DATA LTV Ratin</a> <a title="Issue 44 June/July page 92" href="http://viewer.zmags.com/publication/8014a52e?page=92"> DATA FINANCE DEALS 2018 Issuer/Borrower </a> <a title="Issue 44 June/July page 93" href="http://viewer.zmags.com/publication/8014a52e?page=93"> DATA LTV Ratin</a> <a title="Issue 44 June/July page 94" href="http://viewer.zmags.com/publication/8014a52e?page=94"> DATA Leasing Deals 2018 LEASING DEALS 2018 Less</a> <a title="Issue 44 June/July page 95" href="http://viewer.zmags.com/publication/8014a52e?page=95"> DATA Airline Economics Research provides data </a> <a title="Issue 44 June/July page 96" href="http://viewer.zmags.com/publication/8014a52e?page=96"> DATA 2018 VALUES & LEASE RATES AUGUST 20</a> <a title="Issue 44 June/July page 97" href="http://viewer.zmags.com/publication/8014a52e?page=97"> www.iba.aero Make smarter decisions wi</a> <a title="Issue 44 June/July page 98" href="http://viewer.zmags.com/publication/8014a52e?page=98"> DATA 2018 VALUES & LEASE RATES OEM Engine </a> <a title="Issue 44 June/July page 99" href="http://viewer.zmags.com/publication/8014a52e?page=99"> COLLATERAL VERIFICATIONS ADVISORY SERVICES </a> <a title="Issue 44 June/July page 100" href="http://viewer.zmags.com/publication/8014a52e?page=100"> Above & Beyond With 50 years' experience in avia</a>