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
07:30 | Registration Open/Morning refreshments
08:00 | Opening of conference – Chairman Opening Remarks
Sally Browne, Executive Director, Aviation Finance, Standard Chartered
08:01 | 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.
Moderator: Paul Horsnell, Head of Commodities Research, Standard Chartered
Panel: Mike Corley, Mercatus Energy Advisors / Justine Fisher, Goldman Sachs Commodities Research
08:50 | Aviation Sector Overview
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, Ascend by CIRIUM
09:25 | Economic Sanctions Developments and Disruptions for the Airline Sector
The rapidly evolving U.S. economic sanctions regulations as they specifically target global aviation.
- Issues relating to bunkering of aircraft from an M&A and leasing perspective
- Potentially sanctioned Russian-managed airports
- Russia sanctions implications for lease agreements to Russian airlines flying into and out of the Crimea
- Implications for the airline industry flying into or out of Cuba as a result of
- (1) the relaxations on sanctions under the Obama Administration;
- (2) the tightening of sanctions under the current Administration; and
The advent of Helms Burton litigation specifically targeting airlines.
Cari Stinebower, Partner, Winston & Strawn / William Rich, Senior Vice President, Kharon
10:00 | Aviation Climate Change Risks for Aircraft Owners and Investors
Aircraft owner risks arising from the new ICAO ‘CORSIA’ scheme
Barry Moss, Managing Director, Avocet Risk Management Limited
10:35 | Keynote Address
Steven Udvar-Hazy, Executive Chairman, Air Lease Corporation
11:05 | Global Leasing Industry Leaders Survey
Killian Croke, Partner, KPMG
11:35 | LIBOR transition: Navigating uncertainty
Moderator: Mikal Sanne, KPMG
Panel: Christina Ochs, President, CIRM / Rick Sandilands, Senior Counsel, Europe, ISDA / Richard Sharman, Partner, Bird & Bird / Peter Sladic, Managing Director Capital Markets, Boeing Capital
12:05 | Leasing CEO Panel 1
Moderator: Duncan Batchelor, Partner, Norton Rose Fulbright
Panel: James Meyler, CEO, Orix Aviation / Greg Conlon, President & CEO, GECAS / Firoz Tarapore, CEO, DAE / John Plueger, CEO, Air Lease Corporation / Khanh T. Tran, CEO, Aviation Capital Group / Pat Hannigan, CEO, CDB Leasing
13:05 | Lunchtime Future Tech Briefing
Taking place in the main hall during the lunch break
How Muting the Sonic Boom will Usher in Profitable Supersonic Commercial Aviation
Norris Tie, Co-founder and CEO of Exosonic, Inc.
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 / 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
With Joe O’Mara, Head of Aviation Finance & Leasing, KPMG
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.
Moderator: Jahnavi Ramachandran, Partner, Aviation Finance practice, Herbert Smith Freehills
Panel: Meghan Montana, Managing Director & Assistant Treasurer, American Airlines / Christine Rovelli, Vice President – Group Treasurer & Head of M&A, Finnair / Ursula Hurley, Treasurer, JetBlue Airways / Renato Salomone, Treasurer, TAP Air Portugal / John Norton, Treasurer, Ryanair
16:05 | Airbus Launches Skytra
Elise Weber, Chief Sales and Marketing Officer, Skytra / Matthew Tringham, Chief Strategy and Product Officer, Skytra
16:40 | 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 / Paul O’Dwyer, Chief Commercial Officer, ORIX Aviation / Ted O’Byrne, Managing Director and Co-Head of Aviation, Carlyle Aviation Partners / Simon Finn, Director, Aviation Research, MUFG / Tony Whitty, Managing Director, Air Partner
17:30 | 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. / Tony Kondo, Vice President, Sales & Marketing, Head of Trading, SMBC Aero Engine Lease B.V. / / Tom Slattery, EVP, GECAS Engines
18:10 | End of day one – chairman’s closing remarks
Sally Browne, Executive Director, Aviation Finance, Standard Chartered
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
08:10 | Registration Open/Morning Refreshments
08:10 | Opening of conference day 2 – Chairman Opening Remarks
Fiona O’Grady, Director, Aviation Finance, Standard Chartered
08:10 | 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.
Moderator: John Meakin, J.P. Morgan Europe Limited, Managing Director – Export Finance, JP Morgan
Panel: Colleen Lalonde, Global Accounts Director – Transportation Group, Export Development Canada / Bob Roy, Managing Director, Aircraft Financing Solutions Group, Aviation Capital Group / Christin LODBERG, VP Customer Finance – Airbus / Jonathan Dufeu, Deputy Head – Credit Specialties – Political Risks, Structured Credit and Surety, Marsh JLT Specialty / Nicola Checcacci, Vice President Customer & Structured Finance – ATR / Berthold Reuter, Senior Adviser Transportation, Euler Hermes Aktiengesellschaft / Serge Catel, Manager, Bpifrance Assurance Export – Airbus Unconditional Guarantee Team
09:10 | 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.
Moderator: John Meakin, J.P. Morgan Europe Limited, Managing Director – Export Finance, JP Morgan
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 / Pat Cauthery, UK Export Finance / / Cristina Morelli, Managing Director, Head of Export Finance, SACE SpA / David R. Fiore, Vice President, Transportation Division, Export-Import Bank of the United States / Marcelo de Figueiredo Alves, Head of Export Credit Division, BNDES
09:50 | 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 / Christian Mailly, Managing Director, Dr Peters Group
10:30 | 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 / Arnaud Fiscel, Head of Transportation, Corporate Banking Department, Bank of China (UK) Limited / Toshi Matsuda Vice President, Development Bank of Japan / Eelco Vandestadt, Head of Global Origination and Credit Product – Global Aviation Finance, MUFG Bank, Ltd
11:10 | Keynote
Sean Doyle, CEO, Aer Lingus with Victoria Tozer-Pennington, Editor, Airline Economics
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 / Tim Myers, President, Boeing Capital Corporation
12:20 | Capital Markets Panel
Moderator: Rafael Kuhn, Director, Head of Aviation Capital Markets, Deutsche Bank
Panel: Matt Simonetti, Director, Citi / Mark Streeter, Managing Director, Head of Aviation Credit Research, JP Morgan / Leo J. Burrell, Managing Director Securitization, Credit Agricole Securities (USA) / Olivier Trauchessec, Managing Director, Aviation Finance, MUFG
13:00 | Lunch
Sponsored by:
14:00 | ABS Panel
Moderator: Stuart Rubin, Vice President, ICF
Panel: Shirley Lu, Head of Management Business, Air Lease Corp / David Evans, Managing Director, North America, Canyon CTS / Scott Debano, Citi Group / Carl Anderson, Managing Director, BofA Merrill Lynch / Keith Allman, Head of US Esoteric ABS, MUFG / Rich Barnett, Managing Director – business development and capital markets, Castlelake / Robert Sheldon, Managing Director, Global Head Aircraft ABS – Structured Credit, Deutsche Bank Securities Inc / Dan Stone, Executive Vice President, DAE Capital
14:55 | Greg Conlon, President & CEO, GECAS in conversation with Victoria Tozer-Pennington, Editor, Airline Economics
15:25 | 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.
Moderator: Betsy R Snyder, CFA, Director, S&P Global Ratings
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
16:05 | 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. / Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo / Jude Bricker, President & CEO, Sun Country Airlines / Mike Powell, Executive Chairman, Flybondi / Sonia Jerez Burdeus, Chief Financial Officer, Volaris
16:55 | Investing in, trading and leasing mid-life and late life Aircraft & Engines
Moderator: Robert Korn, President, 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 / Bill Cumberlidge, Managing Director, Centrus Aviation Capital Ltd
17:40 | 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 / Helene Spro Johansen, Associate Director Project Finance Ratings, Scope Ratings GmbH / Anne Correa, Director of Airline & Airport Services, Morten Beyer & Agnew – MBA / Jonathan Root, CFA, Senior Vice President, Airlines, Aerospace & Defense, Package Delivery, Moody’s Investors Service / Joseph Rohlena, Senior Director, Fitch Ratings
18:25 | Chairman’s closing remarks
Fiona O’Grady, Director, Aviation Finance, Standard Chartered
18:45 Until very late | Pre & Post Gala Dinner Drinks – The Engine Lease Finance Bar
19:45 | 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
08:45 | Opening of conference – Chairman Opening Remarks
Martin Sutton, General Manager, SDH Wings
08:45 | 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: Greg Willis, Executive Vice President & CFO, Air Lease Corporation / Marie-Louise Kelly, CFO, Orix Aviation / Mark Streeter, Managing Director, J P Morgan / Jennifer Creevey, CFO, DAE Capital / Roy Chandran, Executive Vice President – Finance & Strategy, Aircastle Ltd
09:30 | 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 / Scott Debano,
Managing Director, Citigroup Global Markets – Global Structured Debt / Keith Wilson, Partner, CMS / Peter Farthing, Managing Director, Macquarie Bank
10:15 | GATS: e-platform for aircraft trading going live in 2 months
Jeffrey Wool, Secretary General, Aviation Working Group
Alison Curtin, SVP Commercial Negotiation, SMBC / John Ludden, Executive Vice President and General Counsel,GECAS / Francois Collet, VP Structured Finance, Airbus / David Berkery, Partner, A&L Goodbody / Drew Fine, Partner, Milbank / Dominic Pearson, OF Counsel, WFW / Joe O’Mara, Head of Aviation Finance & Leasing, KPMG / Karl Aherne, Director of strategic development, Fexco / Seamus O Croinin, Partner, A&L Goodbody
11:35 | 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
12:15 | Aviation investment panel
Moderator: Michael Lee, FPG Amentum
Panel: Kliton Duri, Managing Director, Corporate Credit Research, PPM America / David Andrews, Hudson Structured Capital Management / Richard Hakes, Partner, Reed Smith / Mark Rogers, Managing Director-Aviation Capital, Floreat Aviation Capital / John S. Beekman CFA, Research Analyst, Fixed Income Division, Fidelity Investments
13:05 | Lunch
Sponsored by:
14:00 | Regional Aircraft Specialist Leasing, Trading & finance Panel
The growing footprint of regional aircraft leasing specialisation
Moderator: Richard Moody, Managing Director, Global Co-Head of Transportation, Infrastructure & Energy, Deutsche Bank AG
Panel: Søren M. Overgaard, CEO, Nordic Aviation Capital / Anne-Bart Tieleman, CEO, TrueNoord / Steven Ridolfi, President, Chorus Aviation Capital Corp. / Jean-Charles Burguière, Sales Director – Leasing Markets, ATR / Marcelo Santiago,
Managing Director Customer Finance, Embraer Commercial Aviation / Kathleen Steven, Director Structured Finance, De Havilland Canada
14:45 | Midlife Aircraft-Great Expectations!
Howard Millar, CEO Sirius Aviation Capital Holdings / Director – Ryanair, Viva Latinamerica & ASL Airlines
14:55 | 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 / Mark Dunnachie, Head of Commercial EMEA & Russia, ATR / Richard Goodhead, Rolls Royce / Steve Haro, Senior Vice President, Head of Marketing, Mitsubishi Aircraft Corporation / Rodrigo Silva e Souza, VP Marketing, Embraer Commercial Aviation / Bob Lange FRAeS, Senior Vice President, Head of Business Analysis and Market Forecast, Airbus
15:45 | Aircraft Appraisal & Valuations
Moderator: Bill Cumberlidge, Managing Director, Centrus Aviation Capital Ltd
Panel: Gueric Dechavanne, Vice President, Collateral Verifications / George Dimitroff Ascend by CIRIUM / Mike Yeomans, Head of Valuations, IBA Group / Lindsey Webster, VP of Valuations, MBA / Olga Razzhivina, Oriel / Mr Wang, Sales Director, CMB Financial Leasing Co
16:30 | Helicopter Panel
Moderator: Elizabeth Evans, Partner, K&L Gates
Panel: Owen Geach, Commercial Director, IBA Group / Michael Platt, Chief Executive Officer, Lease Corporation International / Giovanni Piccione MD & CEO, G&G Aviation / Russell Christopher, Thora Capital
17:25 | End of conference – chairman’s closing remarks and acknowledgements
Martin Sutton, General Manager, SDH Wings
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: Eamonn Smith, Associate Director, KPMG
09:15 | Economic outlook and the outlook for the aviation sector
Lindsey Webster, Morten Beyer & Agnew – MBA
10:00 | Customs issues impacting the aviation sector
Glenn Reynolds, Partner, KPMG
10:30 | Risks in Aircraft Financing and Leasing
Jasmine Ball, Partner, Debevoise & Plimpton LLP
11:10 | Break
11:25 | Discontinuation of LIBOR: is it the next Y2K?
Caroline Joyce, Senior Associate, Herbert Smith Freehills
12:10 | ABS structures and related tax issues
Eamonn Smith, Associate Director, KPMG
12:55 | Lunch
14:00 | What makes an investable aircraft and it’s characteristics and impacts
Tasos Michael, CEO, Inception Aviation Holdings Limited
14:40 | Capital Raise & Credit & Risk Management
Vahan Callan, Managing Director, DelMorgan & Co.
15:15 | Plane sale-ing: A guide to managing aircraft portfolio processes, so that you can (almost) do without the lawyers…
Ashleigh Standen, Partner, ReedSmith
15:50 | Aircraft Repossessions
Dominic Pearson, Counsel, Watson Farley & Williams LLP
16:30 | Closing Remarks
Eamonn Smith, Associate Director, KPMG
