Internship Program

Assisting in the development of aviation-focused university students to become part of the aircraft trading industry and generating qualified employment candidates for ISTAT member companies.

The aim of the ISTAT Foundation Internship Program is to assist in the development and education of aviation-focused college students desiring to become productive members in the aviation leasing, OEM, MRO, financing and trading industries. Through this program, the ISTAT Foundation promotes internship and graduate program opportunities at ISTAT member companies to bachelor's and graduate-level students at universities around the globe who specialize in aviation studies.

What is the difference between an internship and a graduate program?

Internships are short-term work experiences offered by companies for current university students to gain entry-level exposure to a particular industry or field. Traditionally, these start in May or June and end in August or September each year.

Graduate programs are designed for recent university graduates as a fast-tracked career pathway into a larger organization or industry. These positions typically last for 1-3 years, and may give more exposure to a range of different job functions within the chosen field.

Internship and Graduate Program Opportunities

The ISTAT Career Center is open for (1) ISTAT members to post internship positions and graduate programs and (2) students and recent university graduates to apply for internship positions and graduate programs at ISTAT member companies.

VISIT ISTAT CAREER CENTER

Intern benefits include:

• Real-world, practical experience working for industry-leading companies in the aviation finance, leasing, trading, manufacturing and repair sector 
• Career development 
• The ability for the student to build a network of industry professionals 
• Application of classroom knowledge in a work setting 
• Interns placed through the ISTAT Career Center are eligible to apply for a stipend to cover or partially cover reasonable expenses for relocation travel and lodging, subject to certain maximums based on location (see below for details)

Employer benefits include:

• Gain access to quality candidates from aviation-focused universities across the globe 
• Evaluate the intern for potential full-time employment 
• Interns contribute new energy and ideas to the workplace 
• Interns can provide temporary support to help with projects that cannot be covered by employees 
• Develop the next generation of industry experts 
• Flexible scheduling to meet the employer's needs 

Internship Stipend

The ISTAT Foundation offers stipend support to interns placed through the ISTAT Career Center to fund qualified relocation travel and housing expenses incurred during the internship. The stipend application must be submitted no later than Monday, 30 September 2024, regardless of the internship's end date. The stipend applications will be reviewed after the deadline, and if approved, the stipend will be granted before Friday, 13 December 2024.

Please carefully read the stipend eligibility:

Reimbursable Expenses:

• Travel expenses for air, train and bus transportation are reimbursed when the internship position is based in a location that is not considered the intern's permanent residence and is required to seek alternative housing accommodations. Only arrival and departure trips at the beginning and end of the internship will be reimbursed.
• Housing expenses are reimbursed when the intern is required to relocate due to the location of the internship position. If the intern is not required to relocate, housing expenses are not reimbursed. It is highly encouraged to consider affordable, cost-conscious housing options (i.e. room sharing, subletting, etc.). Please reach out to your employer for affordable recommendations prior to securing accommodations. Please note, stipend will only cover a maximum of three months regardless of the internship duration. 

Non-Reimbursable Expenses:

• Additional housing expenses such as utilities: gas, electric, water, internet, cable, parking, etc.
• Daily travel expenses such as train, bus fare and parking fees
• First class/business fare tickets
• Food, clothing and personal care items
• Spouse/dependent/family member expenses
• Renter's insurance
• Any other costs incurred during internship

Required Documentation:

In order to meet the stipend qualifications, please submit the following documents in addition to the completed application. Review the above guidelines to ensure the expenses meet qualifications. No exceptions will be considered.

• Travel expenses: Official receipt(s) of travel with payment confirmation, itinerary and dates of travel
• Housing expenses: Signed lease or official housing receipt (tenant must be intern's name) with payment confirmation and dates of stay. The stipend is intended to fund the intern's portion of the housing cost in the circumstance of shared housing.

STIPEND APPLICATION

For more information on and assistance with the ISTAT Foundation Internship Program, please contact ISTAT Foundation Headquarters.

Email: internships@istat.org