The ISTAT Foundation present ISTAT U and the ISTAT Internship Program ADVANCE PROGRAM International Society of Transport Aircraft Trading
BOEING AVIATION CAPITAL GROUP BURNHAM STERLING GE CAPITAL CIT GLOBAL JET CAPITAL GA TELESIS AVOLON IBA CREDIT AGRICOLE JEFFER LCI TAILWIND CAPITAL JACKSON SQUARE AVIATION VEDDER PRICE AVIANCA GOLDMAN SACHS CAPITAL SOURCE BOEING AVIATION CAPITAL GROU BURNHAM STERLING GE CAPITAL CIT GLOBAL JET CAPITAL GA TELESIS AVOLON IBA CREDIT AGRICOLE JEFFERIES LCI TAILWIND CAPITAL JACKSO SQUARE AVIATION Vedder Price AVIANCA GOLDMAN SACHS CAPITAL SOURCE BOEING AVIATION CAPITAL GROUP BURNHAM STERLING GE CAPIT CIT GLOBAL JET CAPITAL GA TELESIS AVOLON IBA CREDIT AGRICOLE JEFFERIES LCI TAILWIND CAPITAL JACKSON SQUARE AVIATION VEDDER PRIC AVIANCA Goldman Sachs CAPITAL SOURCE BOEING AVIATION CAPITAL GROUP BURNHAM STERLING GE CAPITAL CIT GLOBAL JET CAPITAL GA TELESIS AVOLON IBA CREDIT AGRICOLE JEFFERIES LCI TAILWIND CAPITAL JACKSON SQUARE AVIATION VEDDER PRICE AVIANCA GOLDMAN SACHS Interested in an exciting career in aviation finance and trading, one of the world s fastest growing and most dynamic industries? ISTAT U is a specialized course designed for students wishing to become part of the aviation finance and trading community. For more information on ISTAT U, please visit us at www.istat.org/foundation or contact us at ISTATU@istat.org. A six credit hour course (two course equivalent) covering the principals of aircraft financing will help position you for a career in aviation finance and trading. 2
ISTAT U The International Society of Transport Aircraft Trading (ISTAT) Foundation was established in 1994 to create interest and opportunities in the global aviation community by providing grants, scholarships and internships to students and organizations worldwide. The ISTAT Foundation is committed to supporting the education and development of aviation-minded individuals who wish to pursue a career in the field of aviation finance and trading. As part of this commitment, the ISTAT Foundation is collaborating with Embry-Riddle Aeronautical University (ERAU), Daytona Beach, USA to develop a specially designed one-year (six credit hour/two course equivalent) aviation finance and leasing program, ISTAT U. Launched in 2015, ISTAT U provides an overview of the many facets of the aviation finance and leasing industry and exposes students to real world concepts and methodologies. The course materials have been developed by the ERAU faculty working in partnership with ISTAT industry practitioners. The ISTAT U curriculum has been specifically tailored to help prepare students for internship as well as long term career opportunities in the exciting field of aviation finance, leasing and trading. Starting in the fall of 2016, ISTAT U will be available to qualified students from around the world by way of a distance learning, web-based course offering. Students from Asia, to Europe, to Latin America and everywhere in between will have the ability to register for ISTAT U. 3
What Does the ISTAT U Program Offer Students? What a year with ISTAT offers U: Six credit hours (two course equivalent)* Ten in-depth modules covered over two semesters Aircraft Leasing Portfolio Management & Risk Management Aircraft Selection Legal and Regulatory Framework Credit Analysis Aircraft Funding Maintenance Reserves Modeling Aircraft Returns (Part 1 & 2) Lease Negotiations Designed by ERAU professors with ISTAT industry expert input Guest lectures from industry representatives Case studies depicting real-world scenarios Up to date industry practices ISTAT member company internship opportunities ISTAT Certified Scholar recognition Exposure to up to date industry practices *Confirm with your university the recognition of ERAU credit. Companies that have actively supported the curriculum development for ISTAT U: Avianca Airlines Aviation Capital Group Avolon Boeing Burnham Sterling Capital Source CIT Credit Agricole GA Telesis GE Capital Global Jet Capital Goldman Sachs IBA Jackson Square Aviation Jefferies LCI Tailwind Capital Vedder Price 4
I am a double major at Embry-Riddle Aeronautical University studying Aviation maintenance management with a concentration management and Business administration with a focus in accounting and finance. Aviation finance and the ISTAT U program is the perfect area for me to focus all my passion, skills and knowledge that I have accumulated from my maintenance background as a FAA certified technician, internship at Aero Turbine, subsidiary of ILFC and AerCap, and finance education at Embry-Riddle. ISTAT also provides me the opportunity to participate in the growing aircraft leasing trend, network with industry professionals primary in the securitization, financing and appraisals of aircraft assets based on various macroeconomic factors. Ben-Joel Ndjami, Cameroon, Undergraduate, Business Administration and Aircraft Maintenance 5
The ISTAT U Program Goes Hand in Hand with ISTAT Internship Opportunities The ISTAT Foundation Internship Program has been established to meet two objectives. 1. To assist aviation-focused university students desiring to become productive members of the aircraft finance, trading, appraisal, and maintenance, repair and overhaul industries. 2. To develop qualified employment candidates for ISTAT member companies. Summer Internship program Work directly for an ISTAT member organization Variety of positions within the industry Gain invaluable experience Connect and network with industry professionals Build your resume/cv Enhance future employment opportunities Living and travel expense stipends may be available Simple application process Only program with direct portal to intern at ISTAT member companies For more information on the ISTAT Foundation Internship Program, visit www.istat.org/internships or contact ISTATinternships@istat.org. ISTAT Foundation Scholarship Program The ISTAT Foundation provides scholarships to university-level students to complete their studies in the aviation field. To learn more about the ISTAT Foundation Scholarship Program, visit www.istat.org/scholarships or contact ISTATscholarships@istat.org. 6
Some of the valuable experience I obtained was analyzing the maintenance status and values of airframes, engines, landing gears and APU, assessing factors which influence values, such as aircraft utilization, storage data and market penetration, reviewing and analyzing aircraft lease documents, calling upon current and potential investors, and assisting with physical inspections of aircraft. Martin Walke, Residco Intern 2014 7
For over 30 years, the International Society of Transport Aircraft Trading (ISTAT) has been dedicated to fostering and promoting interest and educational opportunities in commercial aviation while providing a forum for those involved in the aviation and supporting industries. ISTAT currently represents more than 3,000 members worldwide who are involved in operating, manufacturing, maintaining, selling, purchasing, financing, leasing, appraising, insuring or other activities related to the commercial aviation sector. Today, ISTAT is the premier industry association providing forums for increased networking and educational opportunities within the aviation community. International Society of Transport Aircraft Trading 330 N. Wabash, Suite 2000, Chicago, IL 60611 Tel: +1.312.321.5169 Fax: +1.312.673.6579 istat@istat.org www.istat.org 8