ANNUAL MEMBERSHIP
DELEGATE BOOKING
AIRLINE BOOKING
19th-22nd January 2020 | The Shelbourne Hotel, Dublin
Schedule
19th – 22nd January 2020 | Shelbourne Hotel, Dublin, Ireland
SUNDAY 19th JANUARY 2020
12:00 –
until
late | Engine Lease Finance welcome bar – The Horseshoe Bar, Shelbourne Hotel
Sponsored by:
7pm | Reception Event – The Shelbourne Hotel main ballroom
Sponsored by:
MONDAY 20th JANUARY 2020 – Main Stage Ground Floor
08:00 | Registration Open/Morning refreshments
08:50 | Opening of conference – Chairman Opening Remarks
08:55 | Macro-Economic & Political Dynamics
The commercial aviation industry is affected and guided by macro-economic and political fluctuations but what factors have and will affect aviation in 2020?
Rob Morris, Global Head of Consultancy, Flight Ascend Consultancy
09:35 | Winston & Strawn Panel
10:05 | Airline keynote
10:40 | Keynote Address
Steven Udvar-Hazy, Executive Chairman, Air Lease Corporation
11:15 | Global Leasing Industry Leaders Survey
Killian Croke, Partner, KPMG
11:30 | Interest Rate Volatility: Opportunities and Impacts for Lessors and Airlines
12:10 | Leasing CEO Panel 1
Moderator:
Duncan Batchelor, Partner, Norton Rose Fulbright
Panel:
James Meyler, CEO, Orix Aviation / Firoz Tarapore, CEO, DAE / John Plueger, CEO, Air Lease Corporation
13:00 | Lunch
Sponsored by:
14:00 | Cape Town Convention: Material Developments and Launch of Compliance Index
Moderator: Jeffrey Wool, Secretary General, Aviation Working Group (AWG)
Panel: Francois Collet, Airbus / Daniel C. da Silva, Vice President, Strategic Regulatory Policy, Boeing Capital Corporation / John Ludden, Executive Vice President and General Counsel, GECAS
14:40 | AerCap Q&A
Aengus Kelly, CEO & Executive Director, AerCap Holdings
15:10 | Airline CFO/Treasurer panel
Leading airline finance heads from across the globe take to the stage to give their verdicts on the past 12 months and the outlook for 2020, as well as setting out what financing strategies they will be looking for to fund deliveries in the year ahead and what is affecting their decision making process.
Panel: Ted North, Managing Director, Corporate Finance, United Airlines / Meghan Montana, Managing Director & Assistant Treasurer, American Airlines
15:50 | Fuel Prices and the Environment for Fuel Hedging
A big part of the reason why aviation is so susceptible to macro-economic and political fluctuation is the reliance and basic need for fuel. Following on from the opening presentation, this panel looks at the outlook for fuel prices and asks if hedging is a good idea right now.
Paul Horsnell, Head of Commodities Research, Standard Chartered / Mike Corley, Mercatus Energy Advisors
16:25 | New and Midlife (Overall) aircraft market dynamics
Technical issues in the market and what their downline value and industry effects are: New aircraft deliveries, from 787 through to A320Neo and 737Max are suffering from delays and AOG events due to problems with new technology – What is this in turn doing to mid-life aircraft values and lease extension prospects and what if oil prices rise? Can airlines withstand these problems, is this beneficial to lessors? Are airlines becoming upset when aircraft on lease change hands through sale / sale through ABS etc? Will Emirates and Etihad aircraft coming onto the market have a dramatic effect?
Moderator: Gary Fitzgerald, CEO, Stratos
Panel: David Tokoph, Morten Beyer & Agnew – MBA /Will McCallum, Managing Director, Aviation Finance, Standard Chartered Bank / Paul O’Dwyer, Chief Commercial Officer, ORIX Aviation / Ted O’Byrne, Managing Director and Co-Head of Aviation, Carlyle Aviation Partners
17:15 | Engine Investment, management and leasing
Moderator:
Joseph, O’Brien, Chief Commercial Officer & Deputy CEO, Engine Lease Finance
Panel: David Ellis, Senior Vice President and Head of Acquisitions – Asset Transaction Group, GA Telesis / Bobby Janagan, General Manager, Rolls-Royce & Partners Finance Limited / Dan Coulcher, SVP & Chief Commercial Officer, Willis Lease Finance Corporation / Andrea Luebke, Managing Director, MTU Maintenance Lease Services B.V. / Roger Welaratne, Senior Vice President & Manager, Engine Leasing Marketing, GE Capital Aviation Services / Tony (Toshinori) Kondo, Vice President, Sales & Marketing, SUMISHO AERO ENGINE LEASE B.V.
18:10 | End of day one – chairman’s closing remarks
18:10 | Pre-Awards drinks at the Engine Lease Finance Bar – Open Networking to all
Sponsored by:
19:00 | Aviation 100 Global Leaders Awards
Sponsored by:
After award drinks until (very) late: ELFC Bar, Shelbourne Hotel, Ground floor by conference hall entrance
Sponsored by:
TUESDAY 21st JANUARY 2020 – Main Stage Ground Floor
08:00 | Registration Open/Morning Refreshments
08:45 | Opening of conference day 2 – Chairman Opening Remarks
08:55 | Supported Finance Panel 1
ECAs, MFRs and the private sector – Is their support increasing across the globe? Where would some companies be without them, and what are the ECAs and private companies looking to support in 2020 and beyond.
Panel: Viren Joshi, CFA, Global Accounts Director – Transportation Group, Export Development Canada / Eric Agote, Head of Unit – Airbus Unconditional Guarantee, Export Insurance – Key Account, BPIFRANCE / Bob Roy, Managing Director, Aircraft Financing Solutions Group, Aviation Capital Group / Christin LODBERG, VP Customer Finance – Airbus oration
09:35 | Supported Finance Panel 2
ECAs, MFRs and the private sector – Is their support increasing across the globe? Where would some companies be without them, and what are the ECAs and private companies looking to support in 2020 and beyond.
Panel: Bob Morin, Managing Director, Transaction and Business Development Leader, Aircraft Finance Insurance Consortium, Marsh USA Inc / Daniel C Da Silva, Vice President, Strategic Regulatory Policy, Boeing Capital Corporation / Cristina Morelli, Managing Director, Head of Export Finance, SACE SpA
10:15 | Leasing & Asset Manager Panel
Moderator: Phil Seymour, CEO, IBA
Panel:
Mark Lapidus, CEO, Amedeo / Patrick den Elzen, Managing Director, Arena Aviation Capital / Steven T. Gaal, Managing Partner & Co-Founder, SkyWorks Holdings, LLC / Ali Lmadani, CEO, ABL Aviation / Martin Bouzaima, CEO, FPG Amentum
11:00 | Banking Panel
What are the challenges, opportunities and main risks for aviation banks in competition with private placement, institutional investors, ABS and EETCs
Moderator:
Jose Abramovici, Global Head of Asset Finance Group, Credit Agricole Corporate Investment Bank
Panel:
Winston Yin, Head – Aviation Finance EMEA, The Korea Development Bank / Joerg Schirrmacher, Head of Transportation Finance, Helaba Landesbank Hessen-Thüringen / Michael Fox, Managing Director, Goldman Sachs / Rikan MIURA, Head of Global Aviation Team, Deputy General Manager, Corporate Finance Department, Division Ⅳ Development Bank of Japan Inc / Arnaud Fiscel, Head of Transportation, Corporate Banking Department, Bank of China (UK) Limited
11:40 | Lessor CEO Panel 2
Moderator: Tom Woods, Partner, KPMG
Panel:
Mike Inglese, CEO, Aircastle Advisor LLC / Ruth Kelly, CEO, Goshawk / Stephen Hannahs, CEO, Wings Capital Partners / Hani Kuzbari, CFA, Managing Director, Novus Aviation Capital
12:20 | Capital Markets Panel
Moderator: Patrick Käufer, Managing Director, Deutsche Bank
Panel:
Matt Simonetti, Director, Citi / Mark Streeter, Managing Director, Head of Aviation Credit Research, JP Morgan
13:00 | Lunch
Sponsored by:
14:00 | ABS Panel
Moderator:
Stuart Rubin, Vice President, ICF
Panel:
Matthew Little, Castlelake / Ryan McKenna, Air Lease Corp / Daniel W. Stone, Executive Vice President, Dubai Aerospace Enterprise / Marc S. Iarchy, Director, World Star Aviation
14:45 | Lessor Rating Panel
Leading lessors are quizzed on their financing strategies and secured Vs unsecured capital markets and the effects that a rating can have.
Panel: Mark Wasden, Senior Analyst, Moody’s Investors Service / Johann Juan, Director, Fitch Ratings, Inc / Marjan Riggi, Managing Director, Kroll Bond Ratings / David Laterza, Senior Vice President, Head of US Non-Bank FIG – Global Financial Institutions Group, DBRS
15:25 | Low Cost Airline Panel
Leading ULCC and LCC airline finance heads from across the globe take to the stage to give their verdicts on the past 12 months and their outlook for 2020. They will also set out their financing strategies to fund deliveries in the year ahead and what is affecting their decision making process.
Moderator:
Helane Becker, Managing Director, Cowen
Panel: Scott Haralson, Chief Financial Officer, Spirit Airlines, Inc. / Chris Monroe, Senior Vice President Finance and Treasurer, Southwest Airlines / Jude Bricker, President & CEO, Sun Country Airlines
16:15 | Investing in, trading and leasing mid-life and late life Aircraft & Engines
Moderator: Robert Korn, CEO, Carlyle Aviation Partners
Panel:
Marc S. Iarchy, Director, World Star Aviation / Bradley Smith, Kahala Capital / Andrea Luebke, Managing Director, MTU Maintenance Lease Services B.V. / Bobby Janagan, General Manager, Rolls-Royce & Partners Finance Limited / Tom Barrett, CEO, Engine Lease Finance
17:10 | Airline Rating & Credit panel
Airline credit risk and the impact on lessors
Moderator: Philip Baggaley, Managing Director, S&P Global Ratings
Panel: Marjan Riggi, Managing Director, Kroll Bond Rating / Craig Fraser, Managing Director, Fitch Ratings / Jonathan Root, Senior Vice President, Moody’s Investor Service / Helene Spro Johansen, Associate Director Project Finance Ratings, Scope Ratings GmbH / Anne Correa, Director of Airline & Airport Services, Morten Beyer & Agnew – MBA
17:50 | Chairman’s closing remarks
17:30 | Connect Dublin drinks – The Horseshoe Bar, Shelbourne Hotel main foyer
18:45 Until very late | Pre & Post Gala Dinner Drinks – The Engine Lease Finance Bar
19:30 | The AirLink Charity Gala Dinner
The Shelbourne Hotel Ballroom
Supported and sponsored by:
WEDNESDAY 22nd JANUARY 2020 – Main Stage Ground Floor
08:00 | Registration Open/Morning refreshments
09:25 | Opening of conference – Chairman Opening Remarks
09:25 | Lessor Finance & Investment Panel
Capital markets products are increasingly being combined with various equity products – effectively taking over from the banks – Is this the future?
Moderator: John Wikoff, FPG-AIM
Panel: Mark Streeter, Managing Director, J P Morgan / David Walton, COO, BOC Aviation / Jennifer Creevey, CFO, DAE Capital
10:25 | Intangible Assets
Discussing the value in alternative assets in aviation such as slots, routes collateralization, spare parts and engines. Including the fundamentals of value and methodology.
Moderator: Anne Correa, Director of Airline & Airport Services, Morten Beyer & Agnew – MBA
Panel: Joseph W. O’Brien, Chief Commercial Officer, Engine Lease Finance / Ted North, Managing Director, Corporate Finance, United Airlines
11:05 | Freighter & Cargo Airline Panel
Financing, leasing and investing in freighter and cargo airlines and aircraft
Moderator: Yves Germeaux, Managing Director, ATOZ Aviation Finance
Panel: Ed McGarvey, Senior Vice President & Treasurer, Atlas Air Worldwide / Maxim Straus, Executive Vice-President & CFO, Cargolux Airlines International S.A. / Robert T. Convey, Senior Vice President – Sales & Marketing, Aeronautical Engineers, Inc. / Paul Nolan, Fleet Development Director, Volga-Dnepr Group / Sylvain Gloux, Group Fleet Development Executive, CargoLogicManagement (CLM)
11:40 | Regional Aircraft Specialist Leasing, Trading & finance Panel
The growing footprint of regional aircraft leasing specialisation
Panel: Søren M. Overgaard, CEO, Nordic Aviation Capital / Anne-Bart Tieleman, CEO, TrueNoord / Philippe Poutissou, Elix Head of Strategy and Marketing, Elix Aviation Capital / Ross Mitchell, Vice President, Commercial Operations, Bombardier Commercial Aircraft
12:20 | Aviation investment panel
Institutional investors are slowly entering on the equity side; yet they bring patient capital at competitive pricing.
Moderator: Michael Lee, FPG Amentum
Panel: Kliton Duri, Vice President, Corporate Credit Research, PPM America / David Andrews, Hudson Structured Capital Management / Richard Hakes, Partner, Reed Smith
13:00 | Lunch
Sponsored by:
14:00 | Manufacturer output debate
New aircraft deliveries and performance, escalation and production
Moderator: Howard Millar, CEO Sirius Aviation Capital Holdings / Director – Ryanair , Viva Latinamerica & ASL Airlines
Panel: Darren Hulst, Senior Managing Director, Boeing Commercial Marketing / Victor Vieira, Embraer Commercial Aviation / Mark Dunnachie, Head of Commercial EMEA & Russia, ATR / Ross Mitchell, Vice President – Business Acquisition, Bombardier Commercial Aircraft
14:50 | Aircraft Appraisal & Valuations
Moderator: Olga Razzhivina, Oriel
Panel: Gueric Dechavanne, Vice President, Collateral Verifications / George Dimitroff Ascend by CIRIUM / Mike Yeomans, Head of Valuations, IBA Group / Lindsey Webster, our VP of Valuations, MBA
15:35 | Helicopter Panel
Moderator: Owen Geach, Commercial Director, IBA Group
Panel: Michael Platt, Chief Executive Officer, Lease Corporation International / Giovanni Piccione Vice President Helicopters & Associate, Sparfell & Partners
16:20 | TBC
17:00 | TBC
18:00 | End of conference – chairman’s closing remarks and acknowledgements
Jonathan Oates, Marketing Director, Rolls Royce & Partners Finance
Until very late | Drinks at the Engine Lease Finance Bar – Open Networking to all
Sponsored by:
Wednesday 22nd January 2020
6th Annual Airline Economics Aviation Finance & Leasing School – Dublin
The Shelbourne Hotel, 1st Floor
Sponsored by:
Chairman: James Kelly, Partner, KPMG
08:55 – 09:35 | Macro economics outlook and the outlook for the aviation sector
Lindsey Webster, Morten Beyer & Agnew
09:35 – 10:15 | ABS Forecasting
Kathryn Peters, Morten Beyer & Agnew – MBA
10:15 – 10:55 | Factors influencing operating lease economics
John J. Mowry, Managing Director, Alton Aviation Consultancy
10:55 – 11:10 | Break
11:10 – 11:50 | Maintenance cash flow generation in ABS portfolios – A case study
Aurelien Kauffmann, Manager, ICF
11:50 -12:20 | Airline Fundamentals and Credit Issues
Jonathan Root, CFA, Vice President – Senior Credit Officer Airlines, Aerospace & Defense and Freight, Moody’s Investors Service
12:20 -13:00 | TBC
Caroline Joyce, Senior Associate, HSF
13:00 – 14:00 | Lunch
14:00 – 14:45 | Tax panel
Moderated by: James Kelly, Partner, KPMG
Panel: Martin McCoy – SVP Corporate Tax & Funding, SMBC / Aoife MacMahon – Head of Tax, AerCap / Kirk Malahy – SVP and Head of Legal, Minsheng Commercial Aviation
14:00 – 14:45 | Aircraft Leasing Deal Management and Lease Management Software
Dara Weston and Steve Hart, Sysco Leasing Software
14:45 – 15:30 | Term sheets and letters of intent for aircraft transactions – a masterclass on getting the key points right
Catriona Henderson, Partner, ReedSmith & Marie Grondin, Counsel, ReedSmith
16:30 – 17:00 | Transfer Pricing
Neil Casey, KPMG
17:00-17:15 | Recent customs developments impacting aviation and the potential impact of Brexit
Glenn Reynolds, Partner, KPMG
17:15 | TBC
18:00 | Closing Remarks
James Kelly, Partner, KPMG
