December 2016

ED Wegel Now At AVI8:

AVi8 Air Capital was formed by Ray Sisson and Ed Wegel to become the next
major aircraft leasing platform. They determined that there is a consolidation trend among the major leasing companies, and therefore the need and the opportunity for a new leasing company that can take advantage of the current aircraft finance/airline order position environment, as well as the ability to provide good solid risk adjusted current returns to investors.

AVi8 will invest strategically in a commodity of narrow body and wide body
aircraft, with good geographic and credit diversity. AVi8 will be a partner for
manufacturers by identifying and supporting new airline customers' fleet growth, and airlines by financially supporting their aircraft acquisitions and dispositions to optimize fleet efficiency, as well as other lessors by acquiring portfolios of on lease aircraft thereby enabling them to manage exposure, portfolio age, and geographic/credit/asset exposures.

The Founders are recruiting a very highly experienced team to manage the
company, initially outsourcing many of the back office functions required by
leasing companies until scale is reached. Their Team: Raymond C. Sisson, Executive Chairman, Ed Wegel, CEO and Steven Tingey, Chief Investment Officer

Ray Sisson is a Co-Founder and Executive Chairman at AVi8 Air Capital. He is
also a member of the Board of Advisors for the transport investments of Hudson Structured Capital Management. Mr. Sisson was formerly President and Chief Executive Officer of AWAS from 2010-2016. At the time of Mr. Sisson’s
departure, AWAS was a leading, global aviation leasing company with a fleet of
over 300 aircraft worth over $12.5 billion, serving over 110 airlines in 49

Mr. Sisson served in several leadership positions at GE Capital Aviation
Services (GECAS) from 1995-2008 including SVP and General Manager for the
Middle East, Africa and Russia region. He also has served as President & CEO of Titan Aviation Leasing and as Chief Commercial Officer of SR Technics. Mr.
Sisson started his career in New York as a corporate lawyer specializing in aircraft finance. Mr. Sisson holds an MBA from the University of Chicago, a law degree from Georgetown University Law Center, and a BA in Economics from Bucknell University.

Ed Wegel is a Co-Founder and the CEO of AVi8 Air Capital and has over 30
years of experience in the airline industry, investment banking and aviation
finance. He has been the architect of several major aircraft purchase orders with Boeing, Embraer and Mitsubishi Aircraft. Mr. Wegel joined AVi8 Air Capital
from Eastern Air Lines Group where he was founder and served as its President and CEO.

Under his direction Eastern grew to a fleet of six modern 737-800 aircraft within
months. He also led negotiations leading to the orders for 10 new Boeing 737
MAX aircraft and 20 new Mitsubishi MRJ-90 aircraft. Prior to Eastern, Mr. Wegel
was President, CEO and a Director of Chautauqua Airlines/U.S. Airways Express. While at Chautauqua, he originated an order, and structured and raised the equity, for the acquisition of 80 Embraer aircraft.

Mr. Wegel also served as President,
COO and a Director of BWIA International Airways and was a co-founder and member of the board of directors of Atlantic Coast Airlines (United Express). Mr. Wegel began his career in investment banking and was a Vice President in the investment banking/restructuring division of Lehman Brothers where he worked on several major airline restructurings and ran Lehman's portfolio of 75 commercial jet aircraft. Mr. Wegel graduated from the United States Military Academy, West Point and received his MBA in Finance from the University of Northern Colorado.

Steven Tingey’s career has focused on the transportation and energy generation distribution sectors, with an emphasis on large ticket and cross-border leasing. Prior to joining AVi8, he served as Chief Investment Officer for SKY Leasing, focused on the capital raise with the Public Sector Pension Investment Board (PSP) and establishment of the headquarters office in Dublin, Ireland. Prior to SKY he worked in the portfolio management and trading areas of AWAS in Dublin, an aircraft leasing company backed by the private equity firm Terra Firma and the Canada Pension Plan Investment Board (CPPIB).

Steven was also a managing
director at Bank of America Leasing Ireland and acted as portfolio manager for the bank’s international aviation portfolio of over 700 aircraft. His responsibilities included serving as a marketing officer in the bank’s U.S. operations, covering origination, trading and restructuring activities for the transportation and energy leasing segments, which compromised a significant part of the overall $38 billion international lease portfolio. Steven holds a B.S. from University of Oregon and is a CFA charter holder.

June 2016 - NEWSLETTER
America by Air – Eastern Falcon Airplane

Exhibition at the Smithsonian Museum

by Dorothy C. Gagnon,

Host EAL Radio Show

Flying was new and daring in the early years of the 20th century. Traveling by airplane was rare. Airlines, airliners, airports, air routes—none of these existed. But by century's end, you could travel to almost anywhere in America by air in a matter of hours. How did this revolutionary change happen?

America by Air explores the history of air transportation in the United States and shows how the federal government has shaped the airline industry, how improvements in technology have revolutionized air travel, and how the flying experience has changed. Highlights include a Ford 5-AT Tri-Motor, Boeing 247, and DC-3 airliners; a cockpit simulation of an Airbus A320; and a nose from a Boeing 747 jumbo jet that you can enter.



Pitcairn PA-5 Mailwing

The Pitcairn PA-5 Mailwing was designed to carry air mail along the routes of the eastern United States. Efficient and economical, it helped build the route structure for what would ultimately become Eastern Air Lines.

The Mailwing NC-2895, on exhibit in this gallery, was built in 1927 and was the prototype for a series of Pitcairn mail planes. It combined a square-steel-tube fuselage with wooden wings, both covered by fabric. After it became obsolete as a mail plane, this airplane served several private owners, survived a crash, and saw use as a crop-duster.

More information: Pitcairn PA-5 Mailwing or: Ford 5-AT Tri-Motor



A new group has made the trek up Mt. Illimani to search for Flight 980.  Go to this URL address "" and click the "Waliki, Waliki, mas alto"

Make you Reservations NOW for the 2nd Annual Eastern Airlines Pioneers Reunion at the Embassy Suites Ft Lauderdale - September 23rd and 24th.

April  2016 - NEWSLETTER

Article by Dorothy Gagnon   The Boeing Company is celebrating the Centennial year in 2016.  A special honor is given to them by the Museum of Flight who has an unrivaled collection of artifacts, images and documents to present their dramatic story.  During 2016, the year of its centennial which actually began January 23, the Museum of Flight is recognizing this celebration and enhancing their Exhibit with public lectures, films and other presentations that focus on Seattle and popular culture during the past century.

Obviously, the Boeing aircraft and artifacts will be highlighted throughout the Museum campus, and most galleries will offer a fun new exhibit focusing on the Company. Some displays were photos from their original office. A unique Antique Model car was sitting in front of the office giving the felling of being back in the early days

A Boeing P-26 Peashooter

The Museum's Boeing Centennial Exhibit featured in March 2016, the Boeing P-26 Peashooter which was a unique on-loan visiting artifact from the San Diego Air and Space Museum. The Speaker was Museum Docent, Bill Koch and he gave a tip-to-tail tour of this iconic 1930's fighter plane.


Famous Fighter Family

Boeing developed the first in a family of fighters in 1928 that would be one of their most successful designs between wars. The Model 83 was a biplane fighter that flew at nearly 170 mph (272 km/h) - considered a hot-rod performance for its day. Refined and improved versions became the Army P-12, the Navy F4B, and the Model 100 series. Nearly 600 examples of Boeing's "Fighter Family" were built. Movie stunt pilot Frank Tallman, who flew the Museum's plane, wrote that the Boeing fighters were, "nearly indestructible in flight and offered outstanding performance to execute maneuvers unknown to earlier generations of pilots."



"Pioneer Pullman of the Air"

Until the mid-1920s, American commercial airplanes were built for mail, not people. Boeing's Model 80, along with the Ford and Fokker tri-Motors, were a new breed of passenger aircraft. The 80 first flew in August 1928 and was working along Boeing Air Transport's route two weeks later. The 12-passenger Model 80 and the more-powerful 18-passenger 80A (re-designated 80A-1s when the tail surfaces were modified in 1930) stayed in service until 1933, when replaced by the all-metal Boeing Model 247. These are a few of the displays to give you an idea of what is shown, but there are many, many more to see.


Centennial Weekends

Winters at The Museum of Flight is literally sensational with lively weekend celebrations of the culture that shaped great moments in The Boeing Company. Anyone in that area is recommended to go to the Museum and go back in time traveling with live music, film, dance, performance, and tastings from each era.  The Museum schedules many lectures, airplane fly-ins, and new exhibits for the aviation enthusiasts but check on the schedule so you won’t be disappointed.  New events will be added all 2016!

George Jehn"s best seller FINAL DESTINATION: DISASTER What Really Happened to Eastern Airlines now to be a movie.  We got the good news on the radio show Monday night that a Hollywood movie producer has contracted with George to produce a movie based on his factual non-fiction book FINAL DESTINATION: DISASTER What Really Happened to Eastern Airlines.   

George, Congratulations!  The Eastern family wishes you great success and hopefully they will do another movie based on your great aviation thriller Flying To Close To The Sun.


March 2016 - NEWSLETTER

For those living in Southeast Florida join in a discussion and reading of George Jehn"s best seller FINAL DESTINATION: DISASTER What Really Happened to Eastern Airlines,

Our Book Club will be discussing George Jehn’s book. The date is April 8, 2016 from 9:30AM to about 11:15AM. The book club originally started as parents of current and former students of Ransom Everglades School in Coconut Grove, in Miami. We now include friends and acquaintances. It will be held at the Upper School on Main Highway. If you would like to attend, please contact Carlisle Talbot for further information and reservations. Last minute reservations may be OK. We just need a head count (or “souls on board” count) so we know which venue to use, and also to get permission from the school in case there is a larger crowd. Please leave a voice mail, or text, at Carlisle’s cellphone 305-772-0624. Or email [email protected]

Remember the Stinson SM-6000b Airliner Tri-motor
March 1, 2016 Article by Dorothy Gagnon
Remember the Stinson SM-6000b Airliner Tri-motor (click hyperlink to our photo on the
Eastern Aircraft page.) of 1931, and that it was airworthy at the Fantasy of Flight in Polk City,
Florida in April 2007. Well there’s an opportunity to take a flight ride if you are in anyone of the areas where the Ford Tri-Motor flights, America’s first mass produced airliner, takes off. Use the link below to check the schedule for your area; unfortunately, I don’t see Florida on their schedule as yet.

You may already be aware of this company, Experimental Aircraft Association (EAA) which is headquartered in Oshkosh, Wisconsin, and hosts the EAA AirVenture Oshkosh Fly-In & Convention every July. If not, sounds like a great thrill and an unforgettable and rare experience to fly aboard one of the few remaining airworthy Ford Tri-Motors in the world, the “Tin Goose” when it visits an airport near you! Don sure would like to take a flight!

The cost is not very expensive considering you are flying in a historic aircraft. The Ford Tri-Motor flights are $70 per adult in advance; walk-up price is $75, and $50 per child 17 and under for approximately 30 minutes, of which about 15 minutes will be in the air. See their website for more details if interested:

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