Subodh Karnik shares his extensive career journey in the aviation industry, detailing his experiences from being a management consultant to working with major airlines like Northwest, Continental, and Delta. He discusses the impact of antitrust immunity on airline partnerships, the challenges faced by Caribbean airlines like Air Jamaica, and the emergence of new players like Arojet. The conversation also touches on the effects of 9/11 on Delta Airlines and the evolving landscape of low-cost carriers like Spirit Airlines. In this conversation, Courtney Miller and Subodh Karnik delve into the evolving landscape of the airline industry post-COVID, discussing the dynamics of low-cost carriers, market disruptions, and the impact of geopolitical events. They explore the future of airline business models, the role of loyalty programs, and the economic challenges facing airlines today. The discussion highlights the need for innovation in airline operations and the potential for disruption in loyalty programs as the industry adapts to changing consumer behaviors and economic conditions.

In this episode, we sit down with Ryan Goepel, CEO of Global X (Global Crossing Airlines), to uncover the incredible story of building a successful charter airline from the ground up during a global pandemic.

Ryan shares his unconventional journey from the finance and oil & gas industries to the C-suite of an airline—a transition kick-started by simply being "the Canadian guy" they needed for an investment. Learn about Global X's "hedgehog strategy" of flying "forgettable flights" and how their unique business model allows them to thrive by de-risking operations and maximizing the value of mid-to-late life aircraft.

From harrowing rescue missions in Afghanistan during their first week of operation to a long-term bet on the A321 freighter market, this is a masterclass in scrappy, disciplined, and opportunistic growth in one of the world's toughest industries.

Richard discusses the evolving landscape of the aviation industry, focusing on the significant changes in the defense sector and their implications for commercial aviation. He emphasizes the importance of NATO alliances, the challenges posed by geopolitical tensions, and the need for new aircraft designs to meet market demands. The conversation also touches on engineering talent shortages, the role of AI, and the growing influence of China in global defense dynamics. Richard provides insights from the latest Air Show and highlights the mid-market aircraft opportunity as a key area for future growth.

Eric Tanner shares his lifelong passion for aviation, detailing his journey from a childhood obsession to a successful career in the airline industry. He discusses his educational background, the challenges he faced in network planning, and the unique dynamics of working at Flair Airlines amidst a competitive landscape. The conversation highlights the blend of art and science in aviation, emphasizing the importance of relationships and strategic thinking in network planning.

Eric discusses the challenges and strategies in the airline industry, particularly focusing on revenue management, the dynamics of the North American market, and the economics of aircraft operations. He emphasizes the importance of understanding market needs and competition, as well as the implications of being a low-cost carrier in a highly regulated environment. The discussion also touches on the concept of being the 'last man standing' in the aviation sector and the complexities of aircraft leasing and operational strategies.

We discuss the complexities of airport gate allocations, the strategic importance of airports as community assets, and the operational challenges faced by airlines. He emphasizes the need for a thoughtful approach to air service and highlights the role of loyalty programs in airline profitability. Tanner also reflects on the hubris associated with entering the airline industry and the necessity of operationalizing ideas in a geographically dispersed environment.

George Ferguson shares his journey from a childhood fascination with aviation to a successful career in aerospace analysis at Bloomberg. We cover various themes, including the dynamics of the civil and defense aerospace sectors, the impact of NATO spending on European defense, and the challenges posed by supply chain issues. Ferguson also addresses the future of commercial aircraft development, the rise of Chinese competitors, and the importance of technological advancements in the industry.

The conversation concludes with insights into the balance of risk in aerospace innovation and the ongoing evolution of the market. In this conversation, George Ferguson discusses the complexities of the aviation supply chain, particularly focusing on engine manufacturers and their reluctance to increase production capacity. He highlights the opaque nature of the industry and the challenges faced by manufacturers in balancing short-term profits with long-term sustainability. The discussion also touches on the role of AI in aviation analysis, the insights gained from the Paris Air Show, and the current state of business aviation, emphasizing the ongoing demand for private jets despite supply chain constraints.

Shannon discusses his newly launched book, 'Insights for Aviation Business Professionals,' which aims to bridge the knowledge gap in aircraft performance characteristics among finance professionals in the aviation industry.

He elaborates on the key specifications that influence aircraft selection, emphasizing the importance of engine reliability and durability, as well as the operational characteristics that impact performance.

The discussion also touches on the future of aircraft design, emphasizing the role of aerodynamics and the increasing value of maintenance in aircraft investment decisions.

Donna Ager is our guest for this podcast - a legal expert in aviation. We discuss various aspects of aviation law, including the challenges faced by women in the field, the impact of AI on the industry, and the importance of networking and building connections.

Phil Bolger shares his extensive journey in the aviation industry, detailing his early influences, the challenges he faced, and the evolution of aircraft leasing. He discusses the strategic growth of GPA, the dynamics of aircraft financing, and the innovations that have shaped the market. Phil also reflects on the role of leasing in airline operations and offers insights into the future of the industry. This conversation delves into the evolution of aircraft leasing, highlighting the significant changes in financing structures, the role of joint ventures, and the impact of sale-leasebacks on the industry. The discussion also covers the risks and challenges faced by lessors today, the importance of maintenance in leasing agreements, and the dynamics of access to capital in the aviation market. In this conversation, the speakers delve into the current state and future of the aviation leasing market, discussing the lack of innovation in financing, the role of leasing companies, and the importance of understanding residual values and engine management. They explore the dynamics of regional aircraft, the impact of M&A trends, and the strategies that lessors can adopt to navigate the evolving landscape. The discussion highlights the significance of technical knowledge in driving value and the challenges of accurately appraising aircraft and engines.