asia pacific airfinance conference

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Asia Pacific Airfinance Conference

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  • 3rd & 4th November, 2011The Conrad Hotel, Hong Kong

    12th Annual

    Asia PacificAirfinance Conference

    Platinum sponsor

    Key speakers include:Dr. Piyasvasti Amranand, President, Thai Airways InternationalRoger Han, SVP, China AirlinesDavid Mackrell, Deputy Chief Financial Officer, Air New ZealandBrian Jeffery, SVP, Corporate Treasury, Emirates AirlineElisa Lumbantoruan , CFO, Garuda IndonesiaYasantha Dissanayake, Head of Finance, Sri Lankan AirlinesGreg Manning, Treasurer, Capital Markets, Qantas

    Riyaz Peermohamed, Chief Financial Officer, IndiGo AirlinesUdom Tantiprasongchai, Chairman of Advisory Board, Orient Thai AirlinesPatee Sarasin, CEO, Nok AirChen Ke, Chief Financial Officer, Spring AirlinesSujit Cherian, CFO, GoAirDavid Arendt, Executive VP & CFO, CargoluxHansley See, CFO, Cebu Air

    Bronze sponsors

    Lunch/Gold sponsor Cocktail/Gold sponsor

    Eco sponsor

    www.euromoneyseminars.com/APacAF11

    Silver sponsors

  • 12th Annual Asia Pacific Airfinance Conference3rd & 4th November 2011 Conrad, Hong Kong

    With record breaking aircraft orders from Asia in 2011, strong fundamentals in Asias emerging economies and continued demand for passenger travel, the region is edging closer to becoming the worlds largest aviation market.

    The 12th Annual Asia Pacific Airfinance Conference will once again bring the key leaders from Asia and across the globe to discuss the latest opportunities and challenges facing the regional markets.

    Over 450 senior aviation professionals registered for last years Asia-Pacific Airfinance Conference a record turn-out with increased participation from Europe and the Americas highlighting the truly global appeal of the event. On 3rd & 4th November 2011 we will return once again to the Conrad Hotel for the 12th edition of the event, bigger and better with more speakers, more themes and more networking opportunities than ever before.

    Key panel sessions over the two-day event include: The airlines what is their access to capital? Will legacy airlines

    expand into the LCC space? Will long haul low cost models work in Asia? And much more

    The lessors assessing the market environment for operating lessors; Sources of funding for lessors; Will order books get bigger in 2012? And much more

    The bankers what are the key trends in equity and debt capital market financing for Asian airlines? How much capacity is there from equity investors? How will Basel III affect aircraft bank financing? And much more

    The ECAs the effect of the new ASU on export credit financing in Asia; Evaluating the need for ECA financing in

    Asian countries; What is the size and volume of deals in the year ahead? Bank capacity in the ECA market; And much more

    The manufacturers trends in fleeting and re-fleeting; competition from other manufacturers; What are the regional needs for the Asian market? What are manufacturers doing to avoid delay in deliveries? And much more

    The engine manufacturers and lessors effect of new engine types on residual values of existing engines; What will be the new service packages offerings to new engines? Will overhaul shops be all OEM-controlled? And much more

    Alternative investors assessing equity investors appetite for tax enhanced credit products; Performance of aircraft funds; investors preferences for aircraft types; And much more

    We are looking forward to another record breaking event in Hong Kong this year, hosting the whos who of aviation finance from around the globe. We look forward to welcoming you amongst this number at the Conrad Hotel in November.

    2011 Aviation Financing and Operating Leasing School Asia Pacific31st October 2nd November, Conrad Hong KongPreceding the main conference, the 2011 Asia-Pacific Aircraft Finance School will provide attendees with thorough training in all areas of aircraft finance and leasing, from understanding the different financing, legal and tax structures to operating leases and asset management. On completion, delegates will be equipped with the tools required to immediately execute aircraft finance deals. Our experienced faculty includes finance and legal professionals, export credit agencies, institutional investors and tax specialists who will educate attendees using their transactional experiences, and encourage hands-on participation through practical training.

    For multi-booking discounts on School and Conference places, please contact [email protected]

    31st October 2nd November 2011Conrad, Hong Kong

    2011 Aviation Financing and Operating Leasing School Asia Pacifi c

    www.euromoneyseminars.com/HKSchool 2011

    Key topics include: Commerical lending and syndication for aircraft fi nancing Debt and equity market fi nancing Latest developments in ECA fi nancing Asset and liability management for airlines Key considerations in fi nancing used aircraft Selecting the right aircraft types for your business models Market environment for operating lessors

    Understanding diff erent tax based lease products Asset management in aircraft renewal and re-marketing Credit risk management for lessors Lease accounting under IFRS Taxation for aircraft leasing Fundamentals of aircraft valuation Managing dispute resolutions relating to aircraft fi nance Understanding engine leasing and engine cycles

    Our faculty includes: Bharat Bhise, CEO, Bravia Capital Jon Sharp, President and CEO, ELFC David Swan, COO, RBS Aviation Capital Anup Mysoor, Managing Director, Asia Head, Aviation Investment

    Banking, Citi Paul Ng, Global Head of Aviation, Stephenson Harwood Daryll Ng, Partner, Stephenson Harwood Isabelle Lei, Regional Head of Structured Solution, Asia Pacifi c, Citi Diarmuid Healy, Head of Technical Asset Management,

    RBS Aviation Capital

    Paul Jebely, Head of Aviation Finance, Clyde & Co LLP Shane Matthews, Head of Credit Risk, RBS Aviation Capital Bill Cumberlidge, Executive Director, KV Aviation Owen Geach, Commercial Director, IBA Group Stephen Barnes, Director, Asia, Guggenheim Aviation Partners Scott Miller, Associate, Aviation Investment Banking, Citi Khoon Ming HO, Partner in Charge, Tax, China & Hong Kong SAR,

    KPMG Advisory (China) Peter Hammond, Aviation Export & Agency Finance, Citi

    Course leaders:

    Register now at: www.euromoneyseminars.com/APacAF11

  • Day One: Thursday 3rd November 0830Registration and morning coffee

    0900Chairmans opening remarks and welcome speech Garry Burke, CEO, Pembroke Group, Head of Aviation Finance, Standard Chartered Bank

    0910Keynote address: Financing aircraft in 2012 and beyond

    Demand for aircraft over the next five years Where will airlines find finance? Long term positioning of airlines premium segments vs. bottom and

    middle segments How seriously are airlines looking at regional jets and new aircraft types?

    Dr. Piyasvasti Amranand, President, Thai Airways International

    0940Airlines panel discussion: Financing the aircraft in an inflation era

    Fleet renewal sale and lease back vs. finance lease Access to liquidity domestic bank markets vs. offshore financing Matching funding terms with the asset life Will airlines be more focused on narrowbody aircraft for fleet renewal in the

    next five years? Hedging the volatility in fuel , FX and rates Will legacy airlines expand into the LCC space? Are premium products dead? Will the US capital markets start to play a greater role in financing Asian fleets? With the rising cost of ECA financing, are there any alternative funding

    sources for aircraft financing? Aircraft secured bonds when will we see the first Asian EETC? How to maintain a healthy balance sheet Effect of inflation on cost of funding before the bullet Matching funding

    terms with the asset life Is alliance a must for Asian carriers? Will LCCs outperform legacy carrier?

    Roger Han, SVP, China AirlinesDavid Mackrell, Deputy Chief Financial Officer, Air New ZealandBrian Jeffery, SVP, Corporate Treasury, Emirates AirlineElisa Lumbantoruan , CFO, Garuda IndonesiaYasantha Dissanayake, Head of Finance, Sri Lankan AirlinesGreg Manning, Treasurer, Capital Markets, QantasModerator: Kieran Corr, Chief Commercial Officer, Pembroke Group, Aviation Finance, Standard Chartered Bank

    1040Networking coffee break

    1110LCCs panel discussion: Expansion in LCC sectors

    Reinventing the LCC business models what has been changed? Will LCCs expand alliance beyond regional boundary Funding sources for LCCs Operational efficiencies for the best margins Where do new start-up airlines see the growth in Asia? Market penetration rates in LCC sectors what gaps are there in the markets? Ancillary revenues is there still an upside? What is the right aircraft for regional routes? Will the long haul low cost model work in Asia? Configuration of widebody aircraft on long haul low cost models Roadshow experiences what are investors looking for?

    Riyaz Peermohamed, Chief Financial Officer, IndiGo AirlinesUdom Tantiprasongchai, Chairman of Advisory Board, Orient Thai Airlines Patee Sarasin, CEO, Nok AirChen Ke, Chief Financial Officer, Spring Airlines Sujit Cherian, CFO, GoAir Hansley See, CFO, Cebu AirModerator: Paul Ng, Global Head of Aviation, Stephenson Harwood

    1210The Asia Pacific forecast

    Erosion of fuel price on airlines profitability Premium vs. economy Capacity Asia vs. ROW Market penetration:

    LCCs vs. legacy carriers Short haul and long haul vs. medium haul

    Kapil Kaul, Chief Executive Officer, South Asia, Centre for Asia Pacific Aviation

    1240Lunch sponsored by

    1400Get the money while you can: Is there a sign of fatigue in Asias equity fund raising?

    LCCs vs. legacy airlines where is the issuance coming from? How much capacity is there from equity investors? Airlines equity performance Asia vs. ROW:

    Market capitalization Leverage ratio Liquidity position What factors will lead the performance in 2012?

    Anup Mysoor, Managing Director, Asia Head, Aviation Investment Banking, Citi

    1430Panel discussion: Capacity in debt capital market financing

    What is capacity of banks to finance aircraft into Asia? Pricing trends bonds vs. loans Demand for capital market financing Investment grade vs. high yield are spreads getting tighter? Appetites in EETCs Trends in ECA bonds Barriers for developing the debt capital markets in Asia Specific types of bonds for Asian airlines

    Gregory Lee, Managing Director, Structured Finance, Goldman Sachs Jendrik Kurzke, Executive Director, Investment Banking Department, UBS Investment Banking

    12th Annual Asia Pacific Airfinance Conference Agenda

  • 1510Panel discussion: Alternative source of investment in aircraft

    JOLs assessing equity investors appetite for tax enhanced credit products Where do private equity investors see the trends in aircraft investments? Performance of aircraft funds Investors preference for aircraft types Exit strategies for PE funds

    Robert Gates, Managing Director, RPK CapitalPaul Kent, Managing Director, Doric Asset FinanceModerator: WUI Jin Woon, Director, Corporate Finance, AWAS

    1540Networking coffee break

    1600Airbus & Boeing: Deliveries in 2012

    Trends in fleeting and refleeting: New vs. used Narrowbody vs. widebody

    Competition from other manufacturers Production rates, backlog orders and cancellations What are manufacturers doing to avoid delays in deliveries?

    Randy Tinseth, Vice President, Marketing, Boeing Commercial Airplanes Bob Lange, Vice President, Marketing, AirbusModerator: Sophie Segal, Editor, Airfinance Journal

    1650Lenders panel discussion: What will be the themes in underwriting in 2012?

    Basel III How available is regional finance? Liquidity management How do banks maintain profit margins without impairing the balance sheet? Does size matter for achieving cost efficiency? Is there enough USD financing available? Using other currencies to finance aircraft Will regional banks become more or less relevant in Asia? Is there enough bank capacity in the ECA market? Are there any asset lenders left in the market? Are there new lenders entering the space?

    Jos Abramovici, Global Head of Aviation Group & Rail Finance, Credit Agricole Corporate & Investment BankJun Palanca, Head of Aircraft Finance, Export & Agency Finance and Syndication Structured Finance Asia Pacific, Sumitomo Mitsui Banking CorporationSimon Perkins, Managing Director, Aviation Finance, Standard Chartered BankHUANG Haitao, Regional Head, Aviation Finance & Overseas Finance, ICBC Bank Christian Mc Cormick, Chief Executive Officer, Natixis Transport FinanceModerator: Brian Jeffery, SVP, Corporate Treasury, Emirates Airline

    17301730 Cocktail sponsored by

    Day Two: Friday 4th November 0830Registration and morning coffee

    0900Chairmans opening remarks and welcome speech

    0910Keynote: Global trends in aircraft leasing Macro overview - drivers of demand and growth Growth strategies of the Lessors Looking to the future opportunities vs. challengesBrian Harvey, Head of Airline Marketing, RBS

    0940Regional aircraft panel session: What are the regional needs for the Asian market?

    Are airlines considering new regional jets? Assessing the need for turboprops How is the fuel price going to change the supply and demand dynamics?

    Salvatore Di Bartolo, Vice President, Sales, Sukhoi Civil Aircraft CompanyDouglas Abbey, Marketing Director, Asia Pacific Commercial Aviation, EmbraerMario Formica, Vice-President Marketing, ATRSenior representative, Bombardier

    1030Networking coffee break

    12th Annual Asia Pacific Airfinance Conference Agenda

  • Euromoney Seminars and Airfinance Journal 2011. Euromoney Seminars and Airfinance Journal reserves the right to alter the venue and/or speakers. Euromoney Seminars and Airfinance Journal are divisions of Euromoney Trading Limited.

    1050Panel discussion: Key trends in the latest engine technologies benchmarking fuel burn savings

    Effect of the new types of engines on residual values of existing engines Key considerations in investing in the latest engine technologies Cost of capital in financing the engine What do worldwide overhaul shops cover? What will be the new service packages offering to new engines? Will overhaul shops be all OEM-controlled? Re-engining is it the way forward? Developing the next generation of engine technologies what is the next

    benchmark for fuel burn saving? Jon Sharp, President and CEO, ELFCBobby Jangan, Vice President Engine Leasing, Rolls-Royce & Partners Finance William Brown, GM, Marketing, CFM

    1135Panel discussion: Residual values of narrowbody aircraft in secondary markets

    Performance of popular narrowbodies in secondary markets Cost savings NEO vs. C Series Effect of re-engining on existing aircraft Should the 737 be re-engines or re-designed?

    Robert Agnew, CEO, mba Phil Seymour, President & Chief Operating Officer , IBA Group Christian Castang, Founder and Executive Director, Altar Bill Cumberlidge, Executive Director, KV Aviation

    1220Lunch

    1340Lessors panel discussion: Demand for lessors in Asia

    Has the sale and lease back market dried up? Market environment for operating lessors Assessing lease rates and aircraft types in operating leases which are the

    compelling assets? Funding sources for financing the capacity should lessors rush into fund

    raising before the cost of funding rises? Diversifying funding sources with different credits and regions How to differentiate your business models in Asia Is there sign of over ordering? Will order books get bigger in 2012?

    Ray Sisson, CEO, AWAS Aengus Kelly, CEO, AercapPeter Barrett, CEO, RBSKieran Corr, Chief Commercial Officer, Pembroke Group, Aviation Finance, Standard Chartered BankMark Jiang, Managing Director, Aviation Finance, ICBC Leasing James Meyler, Senior Vice President Head of Acquisitions and New Business, Orix AviationTony Diaz, Executive Vice President, Commercial Airlines, CIT AerospaceSenior Representative, Aviation Capital Group

    1500Closing panel: Effect of the new ASU on export credit financing in Asia

    Evaluating the needs for ECA financing in Asian countries What are the size and volume of deals in the year ahead? What are the pricing trends? Bank capacity in the ECA market Home market rules what has changed? Effect of the new ASU on the cost of capital Pros and cons of the new ASU Where do we go from here?

    Gordon Welsh, Head of Aerospace Finance, ECGD Kostya Zolotusky, Managing Director, Capital Markets, Boeing Capital CorporationBob Morin, Vice President , Transportation Division, Export-Import Bank of the United States Patrice Guindon, Strategic Account Executive, Transportation Group, Export Development CanadaStephan Cors, Head of Unit Aviation Risk, Federal Export Credit Guarantee Division, Euler Hermes Kreditversicherungs AGYves Germeaux, Director Corporate Finance, Cargolux Airlines International S.A.Senior Representative, Airbus

    1620Chairmans closing remarks and close of the conference

    12th Annual Asia Pacific Airfinance Conference Agenda

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    12th Annual Asia Pacific Airfinance Conference 3rd & 4th November Conrad, Hong Kong

    Registration Fees Standard Conference Fee US$2299

    12th Annual Asia Pacific Airfinance Conference and Asia Pacific School US$6198

    Please quote EAE224 on all correspondance Total US$

    Delegates

    The information you have provided will be safeguarded by Euromoney Seminars who will use it to keep you informed of relevant Seminars in the future. Please tick how you would prefer to receive future information Mail Fax Email and fax back this form to +44 (0)20 7779 8603. We may wish to make your details available to sponsors of this particular event, or to other reputable organisations who may wish to contact you. Please tick this box if you would prefer

    your details to remain confidential and fax back this form to +44 (0)20 7779 8603. Euromoney Seminars is part of the Euromoney Trading Limited, who may also use your data to keep you informed of relevant products and services both domestically and internationally. If you object to being contacted by telephone fax or email in respect of this, please tick the relevant box and fax back this form to +44 (0)20 7779 8603.

    Administrative Information and Terms & Conditions

    5 Easy Ways To RegisterOnline: www.euromoneyseminars.com/APacAF11

    Email: [email protected]

    Fax: (HK) +852 2111 1400 / (UK) +44 (0) 20 7779 8603

    Telephone: (HK) +852 2842 6995 / (UK) +44 (0) 20 7779 8999

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    Please complete and return this form together with a copy of your bank transfer or cheque, payable in US$ to Euromoney Seminars, and send by post or fax to: Euromoney Seminars, Euromoney Institutional Investor (Jersey) Limited , 27/F, 248 Queens Road East , Wanchai, Hong Kong Tel: HK +852 2842 6995, Fax: HK +852 2111 1400 Email: [email protected] www.euromoneyseminars.com/APacAF11

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    VenueConrad Hong KongPacific Place88 QueenswayHong KongTel: +852 2521 3838Fax: +852 2521 3888

    Travel & Accommodation Euromoney Seminars has negotiated a special group rate at the Conrad Hong Kong for conference attendees. Full details will be provided with the joining instructions sent on receipt of booking. If you have any questions in this regard, please contact the registrations team on on (HK) +852 2842 6955 or Email [email protected].

    Cancellation policyIf you cannot attend you must cancel your registration in writing by 14th October 2011 to receive a refund less a 10% administration charge. We cannot accept verbal cancellations. Cancellations received after 14th October 2011 are liable for the full conference fee. We suggest you send a substitute to attend in your place at no extra charge.

    Registration feeThe registration fee includes participation in the conference, lunch and documentation material, which will be distributed at the beginning of the event. All bookings are considered binding on receipt of the booking form.

    Cannot attend?Please pass this brochure on to a colleague or you can purchase the documentation for US$599 (includes courier despatch).

    For immediate information on this and related events, please call our hotlines:Telephone: (HK) +852 2842 6995or (UK) +44 (0) 20 7779 8999or USA toll free (free from within the USA) (USA) +1 800 437 9997or (USA) +1 212 224 3570or alternatively email: [email protected]

    For further information on sponsorship or exhibition opportunities please contact Graham Sherwood, Tel: (UK) +44 20 7779 8857, Email: [email protected] speaking opportunities please contact Fan Yeung, Tel: (HK) +852 2842 6905, Email: [email protected]