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Media contact: Crystal Ligda
+1 312 673 5703 // cligda@istat.org
FOR IMMEDIATE RELEASE
28 June 2022
CHICAGO, IL - The International Society of Transport Aircraft Trading (ISTAT) Foundation announced that it has established a Diversity and Inclusion Fund to provide scholarships, internships and other school, networking, mentoring and career resources to aviation-focused students in Africa and female aviation-focused students in South America. In addition, universities in these regions developing STEM-related programs to support students toward an entry into aviation can benefit from this Fund.
Funded by Aviation Capital Group LLC (ACG) and managed by the ISTAT Foundation, the Fund aims to break down barriers that these diverse scholars would typically face, helping them enter the aviation industry and be successful in it.
"The ISTAT Foundation is very pleased and grateful to partner with ACG on this important initiative related to Diversity & Inclusion. After establishing a dedicated D&I Committee within the ISTAT Foundation looking after internal structures and external giving programming focused on D&I, this is a logical and first step in embedding D&I into our DNA," says ISTAT Foundation Chair Peter Huijbers.
"ACG is proud to support the ISTAT Foundation through the endowment of this Fund, which will invest in global aviation’s future leaders," says Tom Baker, CEO and president of ACG. "The Fund’s focus on diversity and inclusion helps ensure that our industry’s continued growth will be informed, enriched and supported by a broad spectrum of backgrounds, cultures and perspectives."
"The cooperation with ACG is a significant milestone in the ISTAT Foundation's journey toward implementing the principles of D&I into its giving programs," adds ISTAT Foundation Vice Chair and D&I Committee Chair Sigthor Einarsson. "We are excited by it and look at it as a foundation for further development into D&I-related giving, benefitting ISTAT and the industry as a whole."
Questions may be directed to foundation@istat.org.
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About the ISTAT Foundation
The ISTAT Foundation is the charitable arm of the International Society of Transport Aircraft Trading (ISTAT). Founded in 1994, the ISTAT Foundation invests in and fosters the future of aviation across the globe by supporting individuals and institutions that promote the advancement of commercial aviation and humanitarianism. Annual grants from ISTAT itself, and contributions from individuals and companies, support the ISTAT Foundation’s five programs — Scholarships, Grants, Internships, Education and Humanitarian Aid.
About Aviation Capital Group
ACG was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with over 450 owned, managed and committed aircraft as of March 31, 2022, which are leased to approximately 85 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.
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