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<br /> ISSUE TWENTYFOUR JANUARY/FEBRUARY 2015<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> www.aviationnews-online.com<br /> So quiet you might wonder<br /> is this thing on?<br /> The PurePower® Geared Turbofan™ engine is by design the quietest in its class. We reduced the<br /> noise footprint by 75%, or as much as 20 decibels below today’s strictest standards. Where jets are concerned,<br /> that’s practically a whisper. But the message? Loud and clear: lower noise fees, access to more airports, happier<br /> airport neighbors, shorter flight tracks and extended curfew operation. Simply a better, quieter engine at its core.<br /> (But you didn’t hear that from us.) Learn more about the PurePower® PW1000G engine at PurePowerEngines.com.<br /> Power People Depend On.™<br /> EDITOR’S LETTER<br /> A BIG THANK YOU<a title="Issue 24 January/February page 1" href="http://viewer.zmags.com/publication/a0b49079?page=1"> ISSUE TWENTYFOUR </a> <a title="Issue 24 January/February page 2" href="http://viewer.zmags.com/publication/a0b49079?page=2"> So quiet you might wonder is t</a> <a title="Issue 24 January/February page 3" href="http://viewer.zmags.com/publication/a0b49079?page=3"> EDITOR’S LETTER A BIG THANK YOU VOLUME FIVE</a> <a title="Issue 24 January/February page 4" href="http://viewer.zmags.com/publication/a0b49079?page=4"> CONTENTS 1 A big thank you 28 </a> <a title="Issue 24 January/February page 5" href="http://viewer.zmags.com/publication/a0b49079?page=5"> OUR EXPERIENCE DRIVES YOUR EXCELLENCE. </a> <a title="Issue 24 January/February page 6" href="http://viewer.zmags.com/publication/a0b49079?page=6"> NEWS Macquarie Group buys AWAS portfolio for $4</a> <a title="Issue 24 January/February page 7" href="http://viewer.zmags.com/publication/a0b49079?page=7"> Reaching New Heights From the summit of Europe's </a> <a title="Issue 24 January/February page 8" href="http://viewer.zmags.com/publication/a0b49079?page=8"> NEWS Ryanair’s second Eurobond makes history Ry</a> <a title="Issue 24 January/February page 9" href="http://viewer.zmags.com/publication/a0b49079?page=9"> KEEP YOUR FLEET UP IN THE AIR. NOT YOUR</a> <a title="Issue 24 January/February page 10" href="http://viewer.zmags.com/publication/a0b49079?page=10"> NEWS SpiceJet troubles challenged Cape Town in </a> <a title="Issue 24 January/February page 11" href="http://viewer.zmags.com/publication/a0b49079?page=11"> NEWS UK closer to Cape Town ratification The UK</a> <a title="Issue 24 January/February page 12" href="http://viewer.zmags.com/publication/a0b49079?page=12"> GROWTH FRONTIERS ASIA-PACIFIC 2015 2nd-4th Novemb</a> <a title="Issue 24 January/February page 13" href="http://viewer.zmags.com/publication/a0b49079?page=13"> 03.11.2015 Save the date The 2nd Annual Aviation</a> <a title="Issue 24 January/February page 14" href="http://viewer.zmags.com/publication/a0b49079?page=14"> NEWS Deucalion ABS portfolio sale closed DVB’s </a> <a title="Issue 24 January/February page 15" href="http://viewer.zmags.com/publication/a0b49079?page=15"> Aviation Asset Management Charles Taylor Avi</a> <a title="Issue 24 January/February page 16" href="http://viewer.zmags.com/publication/a0b49079?page=16"> NEWS IAG takeover of Aer Lingus </a> <a title="Issue 24 January/February page 17" href="http://viewer.zmags.com/publication/a0b49079?page=17"> </a> <a title="Issue 24 January/February page 18" href="http://viewer.zmags.com/publication/a0b49079?page=18"> AIRCRAFT COMPARISON ECONOMICS Apples to apples</a> <a title="Issue 24 January/February page 19" href="http://viewer.zmags.com/publication/a0b49079?page=19"> AIRCRAFT COMPARISON ECONOMICS </a> <a title="Issue 24 January/February page 20" href="http://viewer.zmags.com/publication/a0b49079?page=20"> AIRCRAFT COMPARISON ECONOMICS To aid the read</a> <a title="Issue 24 January/February page 21" href="http://viewer.zmags.com/publication/a0b49079?page=21"> AIRCRAFT COMPARISON ECONOMICS can’t explain so </a> <a title="Issue 24 January/February page 22" href="http://viewer.zmags.com/publication/a0b49079?page=22"> A380 MAINTENANCE A380 Support Infrastructure Ma</a> <a title="Issue 24 January/February page 23" href="http://viewer.zmags.com/publication/a0b49079?page=23"> A380 MAINTENANCE </a> <a title="Issue 24 January/February page 24" href="http://viewer.zmags.com/publication/a0b49079?page=24"> A380 MAINTENANCE © Sonja Brüggemann / Lufthansa</a> <a title="Issue 24 January/February page 25" href="http://viewer.zmags.com/publication/a0b49079?page=25"> A380 MAINTENANCE © Gregor Schläger / Lufthansa </a> <a title="Issue 24 January/February page 26" href="http://viewer.zmags.com/publication/a0b49079?page=26"> TECHNOLOGY Screen scrapers bew</a> <a title="Issue 24 January/February page 27" href="http://viewer.zmags.com/publication/a0b49079?page=27"> of the database (Article 6(1) and a lawful user o</a> <a title="Issue 24 January/February page 28" href="http://viewer.zmags.com/publication/a0b49079?page=28"> 124 </a> <a title="Issue 24 January/February page 29" href="http://viewer.zmags.com/publication/a0b49079?page=29"> 5678 17 18 </a> <a title="Issue 24 January/February page 30" href="http://viewer.zmags.com/publication/a0b49079?page=30"> Reflecting on 2014; predictions for 2015 2014 was</a> <a title="Issue 24 January/February page 31" href="http://viewer.zmags.com/publication/a0b49079?page=31"> AVIATION 100 INTRODUCTION the effect on lessors</a> <a title="Issue 24 January/February page 32" href="http://viewer.zmags.com/publication/a0b49079?page=32"> AVIATION 100 INTRODUCTION </a> <a title="Issue 24 January/February page 33" href="http://viewer.zmags.com/publication/a0b49079?page=33"> AVIATION 100 INTRODUCTION </a> <a title="Issue 24 January/February page 34" href="http://viewer.zmags.com/publication/a0b49079?page=34"> AVIATION 100 RANKING TABLES Aviation 100 Rankin</a> <a title="Issue 24 January/February page 35" href="http://viewer.zmags.com/publication/a0b49079?page=35"> AVIATION 100 RANKING TABLES CEO/INDUSTRY LE</a> <a title="Issue 24 January/February page 36" href="http://viewer.zmags.com/publication/a0b49079?page=36"> KPMG PROFILE KP</a> <a title="Issue 24 January/February page 37" href="http://viewer.zmags.com/publication/a0b49079?page=37"> Experience KPMG is a leading provider of cros</a> <a title="Issue 24 January/February page 38" href="http://viewer.zmags.com/publication/a0b49079?page=38"> SAME DATES - SAME LOCATIONS - ADDITIONAL DAY - SA</a> <a title="Issue 24 January/February page 39" href="http://viewer.zmags.com/publication/a0b49079?page=39"> RS DUBLIN 2015 “You’re our best two events of the</a> <a title="Issue 24 January/February page 40" href="http://viewer.zmags.com/publication/a0b49079?page=40"> ORIX AVIATION PROFILE Based</a> <a title="Issue 24 January/February page 41" href="http://viewer.zmags.com/publication/a0b49079?page=41"> Aset Management • • • • Remarketing Services </a> <a title="Issue 24 January/February page 42" href="http://viewer.zmags.com/publication/a0b49079?page=42"> THE FACE OF AVIATION 2015 The Face of Aviation </a> <a title="Issue 24 January/February page 43" href="http://viewer.zmags.com/publication/a0b49079?page=43"> far as Dubai, Georgia and Azerbaijan, has succeed</a> <a title="Issue 24 January/February page 44" href="http://viewer.zmags.com/publication/a0b49079?page=44"> AIRLINK will have a think abou</a> <a title="Issue 24 January/February page 45" href="http://viewer.zmags.com/publication/a0b49079?page=45"> International has provided cargo on multiple </a> <a title="Issue 24 January/February page 46" href="http://viewer.zmags.com/publication/a0b49079?page=46"> OVERALL DEAL OF THE YEAR </a> <a title="Issue 24 January/February page 47" href="http://viewer.zmags.com/publication/a0b49079?page=47"> was a heightened concern for potential investors,</a> <a title="Issue 24 January/February page 48" href="http://viewer.zmags.com/publication/a0b49079?page=48"> KBRA is proud to have solely rated the 2014 Deal </a> <a title="Issue 24 January/February page 49" href="http://viewer.zmags.com/publication/a0b49079?page=49"> KBRA is also honored to have rated the following:</a> <a title="Issue 24 January/February page 50" href="http://viewer.zmags.com/publication/a0b49079?page=50"> AIRLINE OF THE YEAR Airline of the Year: Etiha</a> <a title="Issue 24 January/February page 51" href="http://viewer.zmags.com/publication/a0b49079?page=51"> AIRLINE OF THE YEAR </a> <a title="Issue 24 January/February page 52" href="http://viewer.zmags.com/publication/a0b49079?page=52"> LESSOR OF THE YEAR Lessor of the Year: AerCap </a> <a title="Issue 24 January/February page 53" href="http://viewer.zmags.com/publication/a0b49079?page=53"> aircraft from its order book. To date, AerC</a> <a title="Issue 24 January/February page 54" href="http://viewer.zmags.com/publication/a0b49079?page=54"> CFO OF THE YEAR AerCap 2014 financing highlights </a> <a title="Issue 24 January/February page 55" href="http://viewer.zmags.com/publication/a0b49079?page=55"> M&A Deal of the Year: AerCap’s acquisition of ILF</a> <a title="Issue 24 January/February page 56" href="http://viewer.zmags.com/publication/a0b49079?page=56"> BANK OF THE YEAR </a> <a title="Issue 24 January/February page 57" href="http://viewer.zmags.com/publication/a0b49079?page=57"> mandated lead arranger and agent for the senior a</a> <a title="Issue 24 January/February page 58" href="http://viewer.zmags.com/publication/a0b49079?page=58"> EDITOR’S AWARD Editor’s a</a> <a title="Issue 24 January/February page 59" href="http://viewer.zmags.com/publication/a0b49079?page=59"> Law firm of the year: Vedder Price </a> <a title="Issue 24 January/February page 60" href="http://viewer.zmags.com/publication/a0b49079?page=60"> DEBT DEAL OF THE YEAR Debt </a> <a title="Issue 24 January/February page 61" href="http://viewer.zmags.com/publication/a0b49079?page=61"> “This was the first all- Embraer portfolio to be </a> <a title="Issue 24 January/February page 62" href="http://viewer.zmags.com/publication/a0b49079?page=62"> AMERICAS DEAL OF THE YEAR Amer</a> <a title="Issue 24 January/February page 63" href="http://viewer.zmags.com/publication/a0b49079?page=63"> participant in the aviation part-out market </a> <a title="Issue 24 January/February page 64" href="http://viewer.zmags.com/publication/a0b49079?page=64"> APOLLO AVIATION The case for used aircraft By </a> <a title="Issue 24 January/February page 65" href="http://viewer.zmags.com/publication/a0b49079?page=65"> used aircraft are excellent sources of supplement</a> <a title="Issue 24 January/February page 66" href="http://viewer.zmags.com/publication/a0b49079?page=66"> production used aircraft models (Figure 1)</a> <a title="Issue 24 January/February page 67" href="http://viewer.zmags.com/publication/a0b49079?page=67"> APOLLO AVIATION TABLE 1: REPRESENTATIVE CURRENT </a> <a title="Issue 24 January/February page 68" href="http://viewer.zmags.com/publication/a0b49079?page=68"> EUROPEAN DEAL OF THE YEAR </a> <a title="Issue 24 January/February page 69" href="http://viewer.zmags.com/publication/a0b49079?page=69"> EUROPEAN DEAL OF THE YEAR </a> <a title="Issue 24 January/February page 70" href="http://viewer.zmags.com/publication/a0b49079?page=70"> ASIA PACIFIC DEAL OF THE YEAR Asia Pacific Deal</a> <a title="Issue 24 January/February page 71" href="http://viewer.zmags.com/publication/a0b49079?page=71"> ISTAT Asia is the aviation industry’s premier con</a> <a title="Issue 24 January/February page 72" href="http://viewer.zmags.com/publication/a0b49079?page=72"> MIDDLE EAST DEAL OF THE YEAR Middle East Deal o</a> <a title="Issue 24 January/February page 73" href="http://viewer.zmags.com/publication/a0b49079?page=73"> Islamic Deal of the Year: flydubai Sukuk Dub</a> <a title="Issue 24 January/February page 74" href="http://viewer.zmags.com/publication/a0b49079?page=74"> AFRICA DEAL OF THE YEAR Africa Deal of the Year</a> <a title="Issue 24 January/February page 75" href="http://viewer.zmags.com/publication/a0b49079?page=75"> Equity Deal of the Year: Virgin America IPO </a> <a title="Issue 24 January/February page 76" href="http://viewer.zmags.com/publication/a0b49079?page=76"> AIRCRAFT OF THE YEAR Aircraft of the Year: 737-</a> <a title="Issue 24 January/February page 77" href="http://viewer.zmags.com/publication/a0b49079?page=77"> lease rate is taken into account. This aircraft n</a> <a title="Issue 24 January/February page 78" href="http://viewer.zmags.com/publication/a0b49079?page=78"> APPRAISER OF THE YEAR Appraiser of the Year: A</a> <a title="Issue 24 January/February page 79" href="http://viewer.zmags.com/publication/a0b49079?page=79"> </a> <a title="Issue 24 January/February page 80" href="http://viewer.zmags.com/publication/a0b49079?page=80"> MRO OF THE YEAR MRO of the Year: Air France KLM</a> <a title="Issue 24 January/February page 81" href="http://viewer.zmags.com/publication/a0b49079?page=81"> PARTS SUPPLIER OF THE YEAR Parts Supplier of t</a> <a title="Issue 24 January/February page 82" href="http://viewer.zmags.com/publication/a0b49079?page=82"> DATA mba COMMERICAL AIRCRAFT LEASE RATES - MARCH </a> <a title="Issue 24 January/February page 83" href="http://viewer.zmags.com/publication/a0b49079?page=83"> mba americas | europe | asia a trusted a</a> <a title="Issue 24 January/February page 84" href="http://viewer.zmags.com/publication/a0b49079?page=84"> 'ůŽďĂůŝƌĐƌĂŌ>ĞƐƐŽƌ Operating Leasing Sale & </a>