Session timeout

Sorry, your session timed out after a long time of inactivity. Please click OK and Sign In again.


OK

Capital Markets Day

Specialist Day - Capital Markets Outlook: Monday 18th January 2016 
 

 

08.00am Registration and morning refreshments

08.55am Chairperson’s opening remarks

09.00am Is the game changing in the capital markets?

 

  • Review and outlook for the debt capital markets: Highlights from 2015 and forecast for 2016
  • New structures, new players
  • Are the rating agencies appropriately measuring risks across the different capital markets’ products?
  1. Mark Streeter, Managing Director, Airline/Aircraft Credit Research, JP Morgan Securities

09.30am New structures and players in the EETC market
 

  • Differences in the Latam, THY and Delta EETC transactions
  • What can other issuers take away from recent transactions?
  • How much supply and demand will we see in the EETC market in 2016?
  1. Andy Nelson, Managing Director and Assistant Treasurer, Delta
  2. Andres del Valle, Senior Vice President Corporate Finance, Latam Airlines Group

    Enis Feyzioglu, General Finance Manager, Turkish Airlines

  3. Helen Kotsovos, Director, Financing, Air Canada

  4. Dana A. Barta, Executive Director, Morgan Stanley
  5. Thomas BliemelManaging Director-Head Global Structured Transportation, Citi
  6. Moderated by: Hugh Robertson, Partner, Milbank

10.30 Morning refreshments and networking

11.20am Equity and return: How can deals be made more attractive to investors?

  • What are equity investors looking for in terms of returns?
  • What are the new sources of equity and opportunities?
  • What is the risk profile of an equity investor?
  1. Gerry Butler, Managing Director, Merx Aviation Finance
  2. Marjan Riggi, Managing Director, Financial Institutions Group, Kroll Bond Ratings
  3. Bob Peart, Portfolio Manager, Magnetar Capital
  4. Ricardo Toro, Managing Director, BNP Paribas
  5. Moderated by: Jim Pascale, Partner, Milbank

12.10pm Is the ABS market moving into different asset classes?

  • New asset classes’ outlook: Regional jets, turboprops and business jets
  • Has the ABS investor base expanded?
  • Are recent ABS transactions hedging instruments or portfolio sales?
  1. Greg Lee, Managing Director, Head of Aviation Investment, Goldman Sachs
  2. Scott Debano, Managing Director, Citigroup Global Markets
  3. Andrew Cameron, Director, Aldus Aviation
  4. Seamus O'Croinin, Partner, A&L Goodbody
  5. Evan Carruthers, Managing Partner and Portfolio Manager, Castlelake
  6. Moderated by: Drew Fine, Partner, Milbank

13.00pm Lunch

14.30pm Private placement market taking off

  • Are more insurance companies looking at private placement?
  • How many new deals are there or will there be in this space?
  • How does the private placement market compare to the EETC market?

Jeff Straebler, Managing Director - Transportation, Aerospace & Defense, Bonds & Corporate Finance Group, John Hancock

Andrew Kleeman, CFA, Managing Director, Private Placement, Babson Capital Management

Vijay Jethwa, Director, Mizuho Securities USA

Laurent Levy, Director, Fixed Income, BNP Paribas

 

 

 

Moderated by: Catherine Duffy, Partner, A&L Goodbody

 

 

 

15.15pm How do rating agencies look at the various asset types?

  • How are the various types of assets that come to market rated?
  • Rating national Carriers vs LCCs: Are the rating agencies being fair?
  • EETC ratings vs ABS ratings
  1. Craig Fraser, Managing Director, Fitch Ratings
  2. Philip Baggaley, CFA, Managing Director, Corporate & Government Ratings, Standard & Poor’s Ratings Services
  3. Jonathan Root, CFA, Vice President, Senior Credit Officer, Moody’s Investors Service
  4. Moderated by: Nick Swinburne, Partner, Milbank

16.05pm A consultative approach to Cape Town: Getting to the right conclusion

  • Best practices in Cape Town implementation
  • Practical study: Looking at the ratifications of the UK, Turkey, Brazil and Canada
  • Will we see more jurisdictions join the Cape Town convention in 2016 and what are the new bankruptcy and insolvency laws to be aware of?
  1. Helene Mizrahi-Walden, Head of Transportation, Securitisation, Fixed Income, BNP Paribas
  2. Johan Visser, Executive Director, Securitized Products Group, J.P.Morgan
  3. Jeffrey Wool, Secretary General, Aviation Working Group (AWG)
  4. Moderated by: Jim Cameron, Partner, Milbank

16.50 Chairperson’s closing remarks followed by drinks reception sponsored by ORIX Aviation