19th-20th March 2019 | Grand Ballroom, Conrad Hotel, Seoul, South Korea

Schedule – 2018

Tuesday 20th March 2018

Commercial Aviation Legal & Technical day – DAY ONE


08:00 | Morning registration & refreshments


08:55 | Chairman’s opening remarks

Phil Seymour, CEO, IBA Group


09:00 | Aircraft Market Overview

Christopher Park, Boeing Capital Corporation


09:40 | Investing in Aircraft – a comparison of investment options.

  • M&A investments.
  • Portfolio Purchases.
  • Loan participation purchases.
  • Debt, equity and the return on investment.
  • Debt, equity and residual value.
  • What obligations does a debt investor assume compared to an equity investor?
  • Aircraft/debt trading considerations.

Geoff Kass, Shareholder, Vedder Price
Rich Barnett, Castlelake


10:20 | Servicing Agreements – an overview

  • When is a Servicing Agreement required?
  • What are the typical duties and liabilities of a Servicer?
  • What are the typical rights of a Servicer, and to what extent can it exercise its own discretion?
  • How are the Servicer’s fees funded?
  • Why might a Servicing Agreement terminate early, and what happens next?

Geoff Kass, Shareholder, Vedder Price


11:00 | Coffee break

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11:15 | Intercreditor Issues

  • An explanation of intercreditor issues.
  • Priority and subordination of claims – risk -v- return.
  • The Proceeds Waterfall.
  • Pre-enforcement – rights and discretions under the financing documents in the ordinary course.
  • Default – cure rights and the decision to take enforcement action.
  • Enforcement – deciding enforcement steps.
  • Remarketing – remarketing decisions and purchase offers.

Ji Kim, Shareholder, Vedder Price


11:55 | Air Lease Corporation. The Gold standard for aviation leasing investments

Key senior figures explain why this is. What makes the multi-award winning Air Lease ABS deals different and how can investors get involved in the future.

Ryan McKenna, Vice President, Air Lease Corporation
Vinodh Srinivasan, Managing Director Mizuho Securities


12:40 | An introduction to Crianza – Korea’s first Aircraft Lessor

Baldur H. Vander, Chief Executive Officer, Crianza Aviation


13:00 | Lunch

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14:00 | Updated policies on drivers of cross border / Chinese factors in Korean aviation

Professor David Yu, Senior Adviser Asia Pacific, IBA Group


14:30 | The Three R’s of Leasing: Repossession, Redelivery and Remarketing

Geoff Kass, Shareholder, Vedder Price
Neil McCrossan, Head of Aircraft & Engine Trading, Castlelake


15:10 | Aircraft Financings – a risk overview

  • Why do we have special purpose companies and what are limited recourse obligations?
  • What risks can arise and what happens if things go wrong?
  • Contractual chains and the impact on transaction documentation.

Bill Gibson, Partner, Vedder Price


15:50 | Coffee break

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16:00 | Jurisdictions, return conditions and repossessions

Paul P. Jebely, Managing Partner, Pillsbury Winthrop Shaw Pittman (HK) LLP


16:30 | High yield mid-age aircraft lease and technical risks

  • Introduction to mid-age aircraft market
  • Investors’ appetite. Available fund in the market, target returns, aircraft types
  • Investing in aircraft. Capital Growth and Projected Residual Values
  • Why invest in mid-age aircraft (Returns, Financing, Aircraft demand, Economics conditions, Strong performance by airlines in Europe and Asia-Pacific)
  • Technical risks (Aircraft acquisition, preparation, technical management, engine restauration, legal risks, etc.)
  • First-hand experience in investing in mid-age aircraft. Business case

Moderated by:
Ran Ackerman, SVP, MK Aviation

Panel:
Ben Hughes, Marketing & Business Development Director, Rolls-Royce & Partners Finance
Olga Razzhivina, Senior ISTAT Appraiser, Oriel
Rob Morris, Global Head of Consultancy, Flight Ascend Consultancy
Mike Yeomans, Head Analyst – commercial aircraft and leasing, IBA Group
John Leech, Senior Vice President – Used Aircraft Leasing, ARI
Pascal Picano, Senior Vice President, Apollo Aviation Grou


17:15 | Chairman’s closing remarks

Phil Seymour, CEO, IBA Group


17:15 | Drinks reception

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19:30 | 2nd Annual Korean Commercial Aviation Finance Gala Dinner

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Wednesday 21st March 2018

Commercial Aviation Investment day – DAY TWO


08:00 | Morning registration & refreshments


08:50 | Chairman’s opening remarks

Sean Cleghorn, Partner and co-Founder, Magi Aviation Capital Limited


08:51 | Opening keynote address

Mr. Suk Jong Choi, CEO, KTB Investment & Securities


09:05 | Global aviation sector overview, how Korean investors should view the airline sector in the current and mid-term, and the market for widebody aircraft.

Rob Morris, Global Head of Consultancy, Flight Ascend Consultancy


09:40 | The Key Elements behind Korean capital market/institutional investor participation in aviation

Moderator: 
Peter Vardigans, Co-Founder & Partner Magi Aviation Capital

Panel: 
Dewey Yee, Vice Chairman and Managing Director, Aergo Capital Asia Limited
Hyung Jin (Ryan) Ahn, Director Asia Pacific, Natixis Singapore Branch
Gui Hwan (Peter) YANG, Partner, Lee & Ko


10:10 | Aircraft Finance Insurance Consortium (AFIC) – What it means for aircraft investment

Moderator:
Gabriel Okolski, Vice President, Credit and Financial Analyst, Aircraft Finance Insurance Consortium (AFIC), Marsh USA Inc., a Marsh & McLennan Company

Panel:
Mark Esdaile, Deputy Head of Political & Financial Risk, Sompo International
Linas Ciapas, Executive Director, SMBC
Myrjam Tschoeke, EMEA Head of Origination, Greensill Capital
Gemma H. Bae, Managing Director and Head – Structured Export Finance Americas, ING Capital LLC


10:55 | Coffee break

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11:10 | Investing in Midlife aircraft – What you need to know and how these were rolled into a successful ABS – SPRITE – Why investors need to use this ABS as a benchmark

Marc S. Iarchy, Director, World Star Aviation
Vinodh Srinivasan, Managing Director Mizuho Securities


11:50 | Investing in Engines – A comparison with investing in Aircraft

Tony (Toshinori) Kondo, Vice President, Sales & Marketing, Sumisho Aero Engine Lease B.V


12:20 | The Aviation ABS

Ryan McKenna, Vice President, Air Lease Corporation
Marc S. Iarchy, Director, World Star Aviation
Beng Kiat Seah, SVP, GECAS
Daniel W Stone EVP, DAE Capital


13:00 | Lunch

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14:00 | Commercial Aviation Banking Panel

Moderator:
Matthew Leigh, Partner, Hogan Lovells Lee & Lee

Panel:
Laurent Delvart, Head of Asian Aviation Group, Credit Agricole-CIB
Marilyn Gan, Managing Director, Aviation Finance, DVB Bank SE

KJ Yang, Team Head, Korea Development Bank
Justin Sharp, Head of Structured Asset Finance, Asia for Commonwealth Bank of Australia


14:40 | Asset manager and Lessor panel

Moderator:
Martin Bouzaima, CEO, FPG Amentum

Panel:
Ms. Haiyan Zheng, SVP marketing, Ping An Leasing
Marc S. Iarchy, Director, World Star Aviation
Cliff Topham, Senior Vice President, Werner Aero Services
Manuel  E. Cordero, President & CEO, Cusco Aviation
Ali Lmadani, CEO, ABL Aviation
Irena Badelska, Amede
o


15:30 | The Hong Kong model

Dewey Yee, Head of the Aerospace Finance Focus Group & Member of the Working Group on Transportation, Hong Kong Economic Development Commission


15:50 | Coffee break

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16:05 | Asset Management: aircraft remarketing, appraised vs trading values, how to make 10%+ returns

Phil Seymour, CEO, IBA Group


16:35 | Financing, leasing and investing in the A380, 777-300ER and other leading widebody aircraft both New and Old. Including High yield mid-age aircraft lease and technical risks

Moderator: 
Sean Cleghorn, Partner and co-Founder, 
Magi Aviation Capital Limited

Panel: Nirmal Govinda Das, SVP – Corporate Treasury, Emirates Airline
Irena Badelska, Amedeo
Olga Razzhivina, Senior ISTAT Appraiser, Oriel
Thomas Kaplan, Flight Ascend Consultancy
Vincent H.M. Lam, SVP Asia Pacific, Air Partner


17:15 | Chairman’s closing remarks

Sean Cleghorn, Partner and co-Founder, Magi Aviation Capital Limited


17:00 | Closing Drinks reception

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17:30 | 6th floor – Conrad Hotel Seoul

FlightGlobal Ascend Market Briefing

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