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<br /> ISSUE TWENTYNINE NOVEMBER/DECEMBER 2015<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> www.aviationnews-online.com<br /> The difference is monumental.<br /> We're beating our commitment on improved fuel burn efficiency, now<br /> exceeding 16%. Just the kind of ongoing improvement we told you to expect<br /> from our PurePower® Geared Turbofan™ engine architecture. Learn more at<br /> PurePowerEngines.com.<br /> PurePower Geared Turbofan Engines<br /> EDITOR’S LETTER<br /> CELEBRATING APAC EXCELLENCE<br /> This issue of Airline Economics celebrates the success of the second Airline<br /> Economics Growth Frontiers Asia Pacific 2015 conference held in Hong Kong in<br /> November as well as its inaugural Aviation 100 Asia Pacific Awards.<br /> Over 1200 delegates enjoyed keynote and panel presentations from luminaries<br /> from <a title="Issue 29 November/December page 1" href="http://viewer.zmags.com/publication/883d82bc?page=1"> ISSUE TWENTYNINE </a> <a title="Issue 29 November/December page 2" href="http://viewer.zmags.com/publication/883d82bc?page=2"> The difference is monumental. We're beating o</a> <a title="Issue 29 November/December page 3" href="http://viewer.zmags.com/publication/883d82bc?page=3"> EDITOR’S LETTER CELEBRATING APAC EXCELLENCE </a> <a title="Issue 29 November/December page 4" href="http://viewer.zmags.com/publication/883d82bc?page=4"> CONTENTS 1 Celebrating APAC 36 excel</a> <a title="Issue 29 November/December page 5" href="http://viewer.zmags.com/publication/883d82bc?page=5"> Global Aircraft Lessor Operating Leasing Sal</a> <a title="Issue 29 November/December page 6" href="http://viewer.zmags.com/publication/883d82bc?page=6"> providing financing solutions... </a> <a title="Issue 29 November/December page 7" href="http://viewer.zmags.com/publication/883d82bc?page=7"> ...for Air Transportation MAY 2015 </a> <a title="Issue 29 November/December page 8" href="http://viewer.zmags.com/publication/883d82bc?page=8"> NEWS Ex-Im Bank reopens OnDecember4,2015,Presid</a> <a title="Issue 29 November/December page 9" href="http://viewer.zmags.com/publication/883d82bc?page=9"> To mark our 30th year as a global lessor of comme</a> <a title="Issue 29 November/December page 10" href="http://viewer.zmags.com/publication/883d82bc?page=10"> NEWS EMP funds its first Emirates A380 Emirates</a> <a title="Issue 29 November/December page 11" href="http://viewer.zmags.com/publication/883d82bc?page=11"> IAG converts 15 A320neo options into firm orders </a> <a title="Issue 29 November/December page 12" href="http://viewer.zmags.com/publication/883d82bc?page=12"> NEWS New ACG CEO pursues IPO Aviation Capital G</a> <a title="Issue 29 November/December page 13" href="http://viewer.zmags.com/publication/883d82bc?page=13"> </a> <a title="Issue 29 November/December page 14" href="http://viewer.zmags.com/publication/883d82bc?page=14"> NEWS Mesa Airlines closes debut EETC Mesa Airli</a> <a title="Issue 29 November/December page 15" href="http://viewer.zmags.com/publication/883d82bc?page=15"> DYNAMIC INNOVATIVE DECISIVE Ae</a> <a title="Issue 29 November/December page 16" href="http://viewer.zmags.com/publication/883d82bc?page=16"> NEWS Southwest Airlines issues five year notes </a> <a title="Issue 29 November/December page 17" href="http://viewer.zmags.com/publication/883d82bc?page=17"> The sky is not the limit At AerFin we’re not co</a> <a title="Issue 29 November/December page 18" href="http://viewer.zmags.com/publication/883d82bc?page=18"> Bombardier, and the Evolution of Mobility, are tr</a> <a title="Issue 29 November/December page 19" href="http://viewer.zmags.com/publication/883d82bc?page=19"> C Series Q Series </a> <a title="Issue 29 November/December page 20" href="http://viewer.zmags.com/publication/883d82bc?page=20"> NEWS Rolls-Royce issues debut US bond Rolls-Roy</a> <a title="Issue 29 November/December page 21" href="http://viewer.zmags.com/publication/883d82bc?page=21"> Aset Management • • • • Remarketing Services </a> <a title="Issue 29 November/December page 22" href="http://viewer.zmags.com/publication/883d82bc?page=22"> NEWS CS100 wins Transport Canada Type Certifica</a> <a title="Issue 29 November/December page 23" href="http://viewer.zmags.com/publication/883d82bc?page=23"> Global Leaders in Aviation Finance KPMG i</a> <a title="Issue 29 November/December page 24" href="http://viewer.zmags.com/publication/883d82bc?page=24"> NEWS Virgin Atlantic secures senior notes on LHR</a> <a title="Issue 29 November/December page 25" href="http://viewer.zmags.com/publication/883d82bc?page=25"> MAINTAINING YOUR PEACE OF MIND BACKED BY OVER 200</a> <a title="Issue 29 November/December page 26" href="http://viewer.zmags.com/publication/883d82bc?page=26"> NEWS Delta’s snaps up 777 for $7.7m </a> <a title="Issue 29 November/December page 27" href="http://viewer.zmags.com/publication/883d82bc?page=27"> A full suite of turn-key solutions tailored to yo</a> <a title="Issue 29 November/December page 28" href="http://viewer.zmags.com/publication/883d82bc?page=28"> PARTS Buying old Demand for used p</a> <a title="Issue 29 November/December page 29" href="http://viewer.zmags.com/publication/883d82bc?page=29"> Reach us at mm@mtu-lease-services.com More asset</a> <a title="Issue 29 November/December page 30" href="http://viewer.zmags.com/publication/883d82bc?page=30"> The Air Silk Road China’s one belt, one road init</a> <a title="Issue 29 November/December page 31" href="http://viewer.zmags.com/publication/883d82bc?page=31"> OBOR is based on the old, fabled “Silk Road”, </a> <a title="Issue 29 November/December page 32" href="http://viewer.zmags.com/publication/883d82bc?page=32"> CHINA China, Southea</a> <a title="Issue 29 November/December page 33" href="http://viewer.zmags.com/publication/883d82bc?page=33"> “The OBOR initiative will lead to opening up of k</a> <a title="Issue 29 November/December page 34" href="http://viewer.zmags.com/publication/883d82bc?page=34"> COWEN AND COMPANY Looking ahead Helane R Beck</a> <a title="Issue 29 November/December page 35" href="http://viewer.zmags.com/publication/883d82bc?page=35"> As happened in the US earlier this year, thoug</a> <a title="Issue 29 November/December page 36" href="http://viewer.zmags.com/publication/883d82bc?page=36"> COWEN AND COMPANY the strong dollar to continue</a> <a title="Issue 29 November/December page 37" href="http://viewer.zmags.com/publication/883d82bc?page=37"> Canada is under pressure, but the rest of the cou</a> <a title="Issue 29 November/December page 38" href="http://viewer.zmags.com/publication/883d82bc?page=38"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 39" href="http://viewer.zmags.com/publication/883d82bc?page=39"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 40" href="http://viewer.zmags.com/publication/883d82bc?page=40"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 41" href="http://viewer.zmags.com/publication/883d82bc?page=41"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 42" href="http://viewer.zmags.com/publication/883d82bc?page=42"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 43" href="http://viewer.zmags.com/publication/883d82bc?page=43"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 44" href="http://viewer.zmags.com/publication/883d82bc?page=44"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 45" href="http://viewer.zmags.com/publication/883d82bc?page=45"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 46" href="http://viewer.zmags.com/publication/883d82bc?page=46"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 47" href="http://viewer.zmags.com/publication/883d82bc?page=47"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 48" href="http://viewer.zmags.com/publication/883d82bc?page=48"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 49" href="http://viewer.zmags.com/publication/883d82bc?page=49"> AIRLINE ECONOMICS GROWTH FRONTIERS ASIA PACIFIC 2</a> <a title="Issue 29 November/December page 50" href="http://viewer.zmags.com/publication/883d82bc?page=50"> New horizons Nordic Aviation Capital surprised th</a> <a title="Issue 29 November/December page 51" href="http://viewer.zmags.com/publication/883d82bc?page=51"> to face reality and see what the options were.” </a> <a title="Issue 29 November/December page 52" href="http://viewer.zmags.com/publication/883d82bc?page=52"> NORDIC AVIATION CAPITAL started; he had a speci</a> <a title="Issue 29 November/December page 53" href="http://viewer.zmags.com/publication/883d82bc?page=53"> technicians, involved in looking after the aircra</a> <a title="Issue 29 November/December page 54" href="http://viewer.zmags.com/publication/883d82bc?page=54"> Redeploying 777s Pascal Picano, senior vice presi</a> <a title="Issue 29 November/December page 55" href="http://viewer.zmags.com/publication/883d82bc?page=55"> www.airlineeconomics.co 777-FAMILY A pollo </a> <a title="Issue 29 November/December page 56" href="http://viewer.zmags.com/publication/883d82bc?page=56"> 777-FAMILY · the plane was acquired; · </a> <a title="Issue 29 November/December page 57" href="http://viewer.zmags.com/publication/883d82bc?page=57"> 777-FAMILY Age-based import restrictions constrai</a> <a title="Issue 29 November/December page 58" href="http://viewer.zmags.com/publication/883d82bc?page=58"> Chinese lessors expand their reach Debra Erni, Pa</a> <a title="Issue 29 November/December page 59" href="http://viewer.zmags.com/publication/883d82bc?page=59"> encouragement to grow and diversify international</a> <a title="Issue 29 November/December page 60" href="http://viewer.zmags.com/publication/883d82bc?page=60"> APAC LEASING have resor</a> <a title="Issue 29 November/December page 61" href="http://viewer.zmags.com/publication/883d82bc?page=61"> </a> <a title="Issue 29 November/December page 62" href="http://viewer.zmags.com/publication/883d82bc?page=62"> COLLATERAL VERIFICATIONS </a> <a title="Issue 29 November/December page 63" href="http://viewer.zmags.com/publication/883d82bc?page=63"> COLLATERAL VERIFICATIONS 8 8 58 60</a> <a title="Issue 29 November/December page 64" href="http://viewer.zmags.com/publication/883d82bc?page=64"> COLLATERAL VERIFICATIONS </a> <a title="Issue 29 November/December page 65" href="http://viewer.zmags.com/publication/883d82bc?page=65"> COLLATERAL VERIFICATIONS BOEING 747‐8F (AS OF SE</a> <a title="Issue 29 November/December page 66" 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