We understand that there are some things you cannot leave to chance and the annual get together in Dublin is one of those things. For this reason we have already made sure that the core of finance and leasing are in attendance and there are more airlines than have ever been seen in Dublin before. Our schedule will impress and inform.

What we offer:

Spend less and get more this January in Dublin – 50% Less expense, better location, more airlines, more lessors, more banks, global focus. Moreover and most importantly – No marketing personnel or sponsored speakers on stage. Our speakers do not spend their time talking on the conference circuit – they spend their time doing the deals that keep the aviation sector growing.

We have over 100 airlines in the room from the US/EU/Africa/Asia Pacific including eleven flag carriers. Delegate spaces are limited to 450 and we will be announcing additional delegate benefits including measures that will make it easier to contact people and easier to location airline staff. We are certain that we can guarantee additional value for you on your annual trip to Dublin. Indeed if you are usually put off of travelling to Dublin due to the cost of conference then we hope that we can change that for you with lower rates for ISTAT members and two for one on all full delegate rates that allow you to bring support staff at no extra cost.

Speakers from:
Jose Abramovici, CA-CIB / Eric Agote, Coface / Leo Burrell, Credit Agricole Corporate Investment Bank / Harald Brauns, NordLB / Karl Brown, AvCorp
Dr Elijah Chingosho, AFRAA / Henri Coupron, ILFC / Frederic Gagey, Air France
Tewolde Gebremariam, Ethiopian Airlines / Nicolas Govillot, DGTPE / Bertrand Grabowski, DVB Bank / Stephen Hannahs, Aviation Capital Group / Brian Jeffery, Emirates Airline / Carlos Jorge, Vueling / Patrick Kaufer, Deutsche Bank / Jeffery Knittel, CIT / Bobby Janagan, Rolls Royce & Partners Finance Ltd / Bjorn Kjos, Norwegian Air Shuttle / Mark Lapidus, Doric Asset Finance / John Leahy, Airbus
Gary Lebowitz, Wells Fargo / Gregory Lee, Goldman Sachs / Robert Martin, BOC Aviation / Masao Masuda, Development Bank of Japan Inc. / Simon McNamara, European Regional Airlines Association / Robert Morin, Ex-Im Bank / Munawar Noorani, Citi Bank / Scott Paige, Trilogy Capital / David Power, Orix Aviation / Jon Sharp, Engine Lease Finance Corp. / Mark Streeter, JP Morgan / Ron Wainshal, Aircastle / Girma Wake, Rwandair / Gordon Welsh, ECGD / Tom Woods, KPMG / Koystya Zolotusky, Boeing Capital Corporation

This conference is intended to put airlines, finance and leasing together so that business can be done without great cost. We have the very best hotel/location, the very best speakers and are already close to selling out.

We understand that you all have a choice in January 2013 and we understand that some of you need us to convince you that competition is good. Of all industries, we of all people should understand that it is. The website is now live at www.aedublin.com please do have a look.

It is mid-week and many of you will be getting air show fatigue by about now. For many getting to the show itself is very hard work indeed, it seems that unless you are flying, you are very lucky indeed to have a trouble free run of it seemingly from any direction. This is of course not a problem that is simply limited to Farnborough, Paris, Dubai and Singapore have all had their own air show nightmares. For Farnborough this year though it is the car parks that have failed, the issuance of car park passes has also failed and security is not all that great either. In one test this week members of our team were able to steam through three levels of security to end up in the diplomatic VIP holding area with access to any part of the ground – We have managed this at Paris too so again this is not limited to FIA. It seems that when it comes to air shows some of the people in charge could not run a “drinking session” in a brewery. Fortunately we can, and we are: At the Guinness Storehouse on the 20th January 2013.
We have been asked by a very large section of the leasing and finance community to put on a conference in Dublin at the end of January that is affordable, allows all delegates to get a seat in the conference hall and at lunch and has top class events included in the price of the standard delegate pass, whilst at the halving the delegate price and also halving the cost of a hotel room. We were also asked to provide corporate rates and benefits. This we have done. We will offer more airlines on the ground, bring in new faces. We listened, we are supported and everything has been booked for the past eight weeks:
On the 20th, 21st and 22nd January 2013, Airline Economics Growth Frontiers, Dublin will take place at the Shelbourne Hotel, with the reception at the Guinness Storehouse on the 20th and the Aviation 100 Awards Gala taking place at the Mansion House on the evening of the 21st with Michael McIntyre providing the entertainment along with a few other surprises and novelties thrown-in to the make the night one to remember.
We have the best hotel in Ireland at just €179.00 per night (while places last), the best events, meeting rooms, private dining, VIP lunch area for airlines and sponsors, all day bar, and private entrance from St Stephens Green with the best city centre location. We have also thrown-in a 35% discount for ISTAT members. No wonder that we are able to confirm C-level representatives from some 21 airlines booked to attend/speak already. In the conference hall our task is to tell you something that you do not know and get airlines, leasing and finance speaking freely to enhance growth opportunities.
The logic is sound: Provide an ultra-high quality conference and networking opportunity that is based upon airlines and what they are looking for with information that you can gain from at a price that will not break the bank.
Chances are that the provisional brochure is already in the post to you. For further details contact me at any time by email or telephone.

In its Willis Aerospace Aviation Products Market Review 2012, London based insurance broker Willis states that the airline and aviation insurance markets report a profit for the first time in five years as airline losses and passenger fatalities dropped to all-time lows.
The Review reveals total airline insurance premium in 2011 was $1.9bn, against claims of $1.1bn, giving rise to the first profitable year for the airline insurance sector in five years. Total reported 2011 premiums for aviation manufacturing insurance were $657.9m.
An analysis of insurance renewals across all aerospace sectors found a rate reduction of 1.8% compared with 2010.
This follows one of the safest years for the aviation industry in recent times. There were 30 total losses of western built aircraft in airline service in 2011, down from 46 in 2010 and the lowest number recorded. Passenger numbers increased 5% from 2010, yet overall passenger fatalities continued a steady ten year decline. There were 184 passenger fatalities last year, compared with 648 in 2010. The five-year average fatality rate per million passengers decreased to below 0.2.
The improvement in the industry’s safety record is attributed to the use of advanced safety avionics, plus improved pilot training standards.
“The aviation industry is returning to good health,” says Mark Wilford, chairman of Willis Aerospace. “New technologies continue to deliver improved long-term safety records and fleet/passenger numbers are growing. However, buyers recently confirmed to us that aviation insurers should be reminded it is the aerospace/manufacturers sector that, by and large, has historically subsidized the overall aviation-insurance market through more difficult times across other sectors,” says Wilford.
This year’s Review questions whether insurers are giving buyers of aviation products policies adequate rate reductions given the growing use of Self Insured Retentions, which have been generating cleaner claims records for aviation manufacturers’ policies and therefore better risk profiles for insurers.

Searching for new investors can be very hard work, especially explaining all the intricacies of the aviation industry before even starting your pitch. Let us do the hard work for you. We will bring the investors to you and educate them about all of the considerable benefits investing in the aviation business as well as pointing out ways to ensure they avoid any potential pitfalls.

In this age of austerity and ultra-low interest rate environment, tangible assets, with stable and predictable values, are eagerly sought after by institutional investors and now family office, pension funds and high net worth individuals.

All these investors and more will be attending the first Aerospace Investment Conference (www.aerospaceinvestmentconferences.com) in London on February 28. If you are looking for new sources of investment, you cannot afford to miss out. Contact us now to secure your place!

Discounts are available for buy-side investors, subscribers to Airline Economics magazine and multiple bookings.

An annual subscription to Airline Economics costs just £29 for EMEA/US/Canada and £42 for the rest of the world – a small price to pay for a quality magazine and a saving of £350 off the delegate price for each aerospace investment conference.

Subscribe to Airline Economics and register for any of the conferences here http://www.aviationnews-online.com/products-page/.

If you would like to enquire about subscriptions, conference discounts and/or speaking opportunities, please contact me at +44 (0) 56 0053 3620 or Victoria@aviationnews-online.com today.

Aerospace insurers saw 2011 claims falling to their lowest level for seven years and by $1bn from $2.2bn in 2010 to $1.2bn in 2011. It is expected that 2011 saw aerospace insurers collect $800m margin after claim payments. This news will most likely lead to further rate pressure over the next few months. Ironically though the last few years since the credit crunch still show aerospace insurance lines to be in the red to the tune of around $100m. That is more or less the same amount that the 2011 loss of an Asiana Airlines 747F cost insurers, which was the largest single loss of 2011.

The fatal accident rate in 2011 was one per 1.52m flights. There were 25 such accidents relating to jet and turboprop aircraft in 2011, compared with 23 in 2009 and 2006. 2010 saw 497 passengers and crew killed, compared with 434 in 2004.

Jardine Lloyd Thompson Group has combined its existing Italian broking business – Jardine Lloyd Thompson SpA – with the business of Marine & Aviation SpA. JLT has a 25% interest in the newly-formed joint venture, Marine & Aviation JLT. It has representation on the board with JLT senior employees forming part of the ongoing senior management team. As part of this transaction, JLT has also acquired a 25% interest in Marine Aviation & General (London) Ltd. The total consideration for the acquisition was JLT’s existing Italian business together with €5.4m, payable in cash on completion. In total Marine & Aviation’s operations generated net revenue of €9.5m in 2010 and produced a pre-tax profit of €1m.

Insurer Willis report, Airline Insight, has stated that favourable market conditions that have existed for buyers for airline insurance throughout this year will continue amidst an absence of major losses and persistence in excess capacity.
The report says that 2011 has been a standout year in terms of airline loss performance, with the level of losses at the end of November being the best for seven years. The airline industry safety performance has been exemplary over the past 30 months with no major catastrophe since the Air France loss in June 2009.
Commenting on the report, Steve Doyle, Business Development and Sales Director for Willis Aerospace, said: “There continues to be a differentiation in attitude between the lead insurers and much of the following market but competition remains. Leaders are looking to address the requirements of their ‘core’ accounts while the following markets look to improve their position while still maintaining their on-going participation. The key for brokers, therefore, is to manage the expectations of buyers when it comes to what can be achieved within the current market conditions and strive to achieve a result that is at the boundary of market tolerance.”

International Air Transport Association has reported that global airline safety rates, covering total crashes and passenger deaths, have improved by nearly 50% this year compared to the first 11 months of 2010. If this form continues, 2011 will proportionately be the safest year on record.
There were 22 fatal accidents up to November 30, with 486 lives lost. Last year’s totals were 23 and 786.

Global loss adjuster McLarens Young International (MYI) has announced a merger with Airclaims, a leading provider of claims, risk and asset management services to the aviation community. The merger further enhances its position as the leading player for the provision of loss adjusting services across the aviation industry.

Whilst both companies will continue to operate under their own well established brands, Airclaims will become a fully owned entity operating within the McLarens Young International group.

The partnership will allow for the provision of a far broader range of services to existing and prospective clients in the aviation and insurance sectors. Airclaims brings aviation claims adjusting to the table, while MYI brings Property, Business Interruption, Liability and Cargo adjusting expertise. Airclaims also provides a comprehensive and independent asset management capability that provides a broad range of services to aviation lessors, banks, financiers and operators.   The merger will enable opportunities for continued growth and investment in the risk and asset management division to be explored.

The merger – which includes the full purchase of shares from Private Equity firm LDC, the largest single shareholder in Airclaims since backing an MBO in 2005 – ensures MYI’s control of the quality of their brand and organisations delivering services under it.

To finance the deal MYI secured additional external funding from Altamont Capital Partners, a US Private Equity firm focused on partnering with management teams to build market leading businesses. The McLarens Young International group continues to be the only employee owned, global loss adjusting company.

Aviation losses for the first seven months of 2011 fell to a five-year low of $794 million despite three losses in July, according to a report released yesterday by Willis. Willis’s Airline Insurance Insight report this month said the losses in July totaling $236 million “represent a continuation of the trend for high-valued hull losses. While this type of loss is a direct drain on the cash reserves of underwriters, it also provides some certainty on liability.” The aviation insurance market remains “remarkably stable,” Willis said in a statement. “The lack of fatalities in the three major losses that did occur in July reflects excellent safety performance of the industry, which has delivered some good fortune for underwriters in the wake of an extremely volatile year for other industries.”

The July losses were from: an Asiana Airlines crash after departure in Seoul, South Korea, that amounted to $127 million; damage to an EgyptAir plane from a cockpit fire while on the ground in Cairo that caused a $60 million loss; and a Caribbean Airlines aircraft that overran a runway in Guyana and caused a $49 million loss when the fuselage broke into two pieces.

Aviation account renewals in July generally saw low single-digit premium increases, the report stated. This is telling as we know that airlines are reducing services at pace which should account renewal premiums fall.