12th Annual Middle East and Africa Airfinance Conference

Day One: Tuesday 14th October 2014

08.00 Registration and morning refreshments

09.00 Chairperson’s opening remarks and market overview

1. Polis Polycarpou, Senior Vice President – Head of Airline Market Research, Aviation Finance, DVB Bank SE

09.30 South African Airways moving forward with new strategic plan

• New routes and expansion plans for SAA
• What is the airline’s plan for low-cost subsidiary Mango?
• Financing strategy and fleet plans

1. Wolf Meyer, Chief Financial Officer, South African Airways

10.00 How far could Emirates’ dream performance stretch?

• Emirates continue to return a profit most airlines would dream of, yet is it time for caution and could this success slow down?
• From bonds to sukuks, what other creative financing strategies does the innovative airline have in store?
• Will Emirates follow the example of Ryanair and get a rating?
• Fleet plans for 2015

1. Nirmal Govinda Das, Senior Vice-President, Corporate Treasury, Emirates Airlines

10.30 Morning refreshments and networking

11.15 flydubai accumulating successes in the LCC market

• Details of flydubai’s recent successes
• How are low-cost carriers’ business models evolving in the Middle East?
• Why is the LCC market still holding a surprisingly low share of the Middle East aviation market despite such success?

1. Ghaith Al Ghaith, Chief Executive Officer, flydubai

11.45 Air Arabia in the run for LCC supremacy

• How does Air Arabia manage to operate profitably despite fierce competition in the Middle Eastern LCC market?
• Positive growth outlook for 2014-15
• Financing strategies and fleet plans
• New markets and opportunities in the Gulf and Middle East

1. Adel Ali, Group Chief Executive Officer, Air Arabia

12.15 Giving Africa wings

• Importance of Africa as a major player in the global aviation industry
• How are banks and AFREXIM working together to support African aviation?
• African airlines’ successful capital-raising projects
• Fleet renewal and expansion in Africa

1. Wolf Meyer, Chief Financial Officer, South African Airways
2. Makoena Mabusela, Principal: Aircraft Finance, Nedbank Capital
3. Irfan Dhankot, Chief Financial Officer, Aerovista
4. Moderator: Polis Polycarpou, Senior Vice President – Head of Airline Market Research, Aviation Finance, DVB Bank SE

13.00 Lunch

14.30 New role for commercial banks

• How are banks diversifying their funding structures?
• What impact, if any, does Basel 3 have on banks’ pricing decisions?
• Will the PDP market become an area of growth and opportunities in the years to come?
• Measuring the commercial loans market in Africa and the Middle East
• What capacity will commercial banks have for the region in 2015?

1. Frank Wulf, Managing Director, Regional Head of Aviation EMEA, DVB Bank SE
2. Munawar Noorani, Managing Director, Citigroup Global Markets
3. Johan Visser, Executive Director, JP Morgan
4. Franck Genet, Managing Director - Aviation Group, Credit Agricole Corporate & Investment Bank
5. Moderator: James Meyler, Chief Commercial Officer, ORIX Aviation

15.15 Engines meeting operational and financial needs

• How can new developments drive maintenance costs down for operators?
• Controlling ownership cost and protecting asset value through engines
• What is the investment attractiveness of engines?

1. Bruno Palacios, Marketing Director, CFM

15.45 Afternoon refreshments and networking

16.15 Will a self-originated debt finance model see the end of commercial lending?

• Has the industry’s financing mode fundamentally shifted away from commercial lending to a “self-originated” debt finance mode?
• What are the new platform and funding structures in the capital markets?
• Do leasing companies plan to increase their access to the public markets in 2015?
• Is the unsecured market open to investment grade and non-investment grade airlines alike?
• Will Middle East and African airlines take advantage of the unsecured market in 2015?
• Will regional airlines explore floating rate unsecured transactions?

1. Mark Lapidus, Chief Executive Officer, Amedeo
2. Vinodh Srinvasan, Director, Head of Corporate Solutions, BNP Paribas
3. Christian McCormick, Chief Executive Officer, Natixis
4. Moderator: Juila Chen, Vice President, Commercial Aviation, Minsheng Financial Leasing Co

17.00 Chairperson’s closing remarks followed by drinks reception

Day two: Wednesday 15th October 2014

08.30 Morning refreshments and networking

09.25 Chairperson’s opening remarks

1. Jon Skirrow, Managing Director and Head of Aviation Asset Management, DVB Bank SE

09.30 How much debt do lessors expect to get from the Capital Markets in the next 5 years?

• Lessors’ financing ambitions in the next 5 years
• How much debt will be raised via the bond market?
• Are traditional sources of financing still important to leasing companies?
• Lessor view and appetite for the Middle East and African markets
• How many aircraft do leasing companies expect to lease in Africa in the next 2-5 years?

1. Mark Lapidus, Chief Executive Officer, Amedeo
2. Kieran Corr, Chief Executive Officer, Pembroke Group Limited
3. Stewart Cordner, Director, Sales and Leasing, IFC - Ilyushin Finance Co.
4. Michael O’Mahony, Senior Vice President, Marketing, MEA, GECAS
5. Hani Kuzbari, CFA, Executive Vice President, Novus Aviation Capital
6. Moderator: David Power, Chief Executive Officer, ORIX Aviation

10.15 How is the aircraft market faring in Africa and the Middle East?

• Aircraft trends and requirements in Africa
• Will Middle East aircraft demand stall?
• What evidence supports recent aircraft market forecasts in both Africa and the Middle East
• Biofuel research update

1. Milco Rappuoli, Sales Director, Middle East, ATR
2. John Kassis, Regional Vice President of Sales for Middle East and Africa, Bombardier Commercial Aircraft
3. Ana Carolina Lago, Marketing Director, EMEA, EMBRAER
4. Kostya Zolotusky, Managing Director, Capital Markets Development, Boeing
5. Paul Moultrie, Head of Marketing, Middle East, Airbus
6. Moderator: Jon Skirrow, Managing Director and Head of Aviation Asset Management, DVB Bank SE

11.00 Morning refreshments and networking

11.30 ECAs still out for business

• Is there a future for export credit?
• As banks respond to Basel 3 will ECAs become more competitive?
• How much capacity do ECAs have in the Middle East and Africa?
• What is happening regarding re-authorization?
• Why aren’t there any more ECA bonds? Are the Capital Markets still viable?
• Can ECAs simplify the export credit bond structure to make it more affordable?

1. Gareth Waterhouse, Underwritting Manager, UK Export Finance
2. Eric Agote, Deputy Vice President, Transportation Division, Coface
3. David Fiore, Deputy Vice President, Transportation Division, Export-Import Bank of the United States
4. Moderator: John Meakin, Managing Director, Export Finance EMEA, Treasury Services, JPMorgan

12.15 Will the sukuk market play at full strength in 2015?

• Will recent remarkable sukuk issuances become a trendsetter for bond markets in the region?
• Understanding amortizing sukuk
• How do sukuks compare to other financing structures?

1. Raju Subramanian, Manager, Aircraft Financing, Emirates Airlines
2. Amir Riad, Head of Investment Banking, ADIB
3. Ahsan Ali, Global Head of Islamic Origination, Standard Chartered Bank
4. Moderator: Paul Jarvis, Partner, Denton

13.00 Positive outlook in the African LCC market

• How is the LCC market evolving in Africa?
• What role are Chinese investors playing in Africa?
• Mango Airlines’ business model, fleet planning and financing strategies

1. Nico Bezuidenhout, Chief Executive Officer, Mango Airlines

13.30 Chairperson’s closing remarks followed by lunch and end of conference