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Agenda Overview

(中英文同聲傳譯/Simultaneous translation will be provided) 

Day 1: Tuesday 7 June

0820 Registration and morning coffee

0850 Chairwoman’s welcoming remarks

LI Ling, Managing Director, Aviation, Bocomm Leasing

0900 Government speech: Senior representative, China (Shanghai) Pilot Free-Trade Zone

0930 Curtain raiser: How do lessors view the future?

Part I: How prepared is the Chinese leasing industry to cope with fierce competition amidst rapid growth?

- Strategies to enhance returns through new leasing structures and innovation

- Analysis of the pro’s and con’s of RMB as a major funding source for airlines and lessors

LI Ling, Managing Director, Aviation, Bocomm Leasing

0950 Part II: What does double-digit passenger growth means to lessors?

- Performance of airlines vs lessors

- China’s leasing cycle – how are lessors responding to the changes?

WANG Fuhou, Vice President, Minsheng Financial Leasing

1010 Part III: Where are we in global leasing cycle?

- Size does matter - will mega acquisitions continue and why?

- How are Chinese lessors going to change the global leasing landscape?

MO Kai Xiang, Deputy CEO & Head of China, Avolon

1040 Refreshment break

1110 The Air Silk Road - what does it mean to commercial aviation ?

- Infrastrucutre opportunities emerging from the One Belt One Road (OBOR)

- Commercial traffic generated by the Air Silk Road

PAN Mingzhong, President, Everbright Financial Leasing

1140 Reviewing the latest VAT reforms in China and the impact on the aviation industry

HO Khoonming, Partner in Charge, Tax, China & Hong Kong SAR, KPMG

1210 The annual China forecast

- International vs domestic

- Equity performance of airlines

- New airlines and lessors

Vivian Tao, Head of Transport, Asia ex Japan, Investment Research & Analysis, Citi

1240 Aeroflot - strengthening Russian and Chinese aviation ties

- Outlook for global Russian passenger market

- Growth potential of traffic flows between Russia and China

- Financing opportunities for Chinese lessors and banks for new deliveries

Mikhail Minaev, Director, Fleet Planning and Aircraft Procurement Department, Aeroflot

1300 Lunch

1420 Airlines’ views on passenger flow, fuel price, RMB fluctuation, debt restructuring and new accounting rules

- Passenger forecasts, effect of fuel price on fleet planning and optimal financing mix

- Will RMB become a preferred choice in medium or long-term aircraft financing or will it remain USD?

- Growth prospect for Chinese cargo airlines

- Airlines’ leasing arms and the effect on buy side and sell side dynamics

- IFRS 16 – how are airlines responding to the new rules?

CHEN Ke, CFO & Secretary of Board, Spring Airlines

Kevin Yu, Senior Fleet Management Specialist, Air Macau

LIN Hansen, CFO, Tigerair Taiwan

LU Chao, Vice President – Finance & Cargo business, Okay Airways Company Ltd

Simon Gu, GM-Finance & Legal, HK Express
Moderator: CHEN Fei, Vice President - Aviation Leasing Division, Minsheng Financial Leasing

1515 Where are the new domestic airport hubs for regional aircraft?

- Traffic forecasts across China ectivity of domestic networks

- Regional aircraft penetration rate

Bertrand Pabon, Market Strategy, ATR

1535 Networking coffee break

1600 Lessors’ panel: Where are we now and where are we going to be in 2020?

Part I: With huge backlog orders of Chinese airlines, how are lessors going to digest its owned order book?

- What is the basic risk management frameworks for lessors? If bank can issue VAT invoice, what will be the impact on FTZ models?

- With concentration risk in NBs leasing, what will be the likely impact on lessors when NEOs and Max entering the market? How to resolve a dispute in redelivery; Building remarketing capability through 3rd party or JV?

- Pros and cons of writing a shorter lease term for new aircraft? How to develop market discipline to protect falling margins?

GAO Sixiang, Executive Director, Aviation, Bocomm Leasing

Jessie Zhao, Vice President – Marketing , CALC

James Lin, Managing Director and Head of Asia Pacific, Aviation Finance, ICBC Financial Leasing WEI Xi, Deputy General Manager – Aviation Department, CMB Financial Leasing

Moderator: HO Khoonming, Partner in Charge, Tax, China & Hong Kong SAR, KPMG

1645 Part II: How to build size, gain market share, diversify funding sources and enhance technical expertise in operating leasing

- What is the best strategy for building scale - portfolio acquisitions, JVs or organic growth?

- Appetite for mid-life asset in portfolio acquisition; with outsourcing asset management function to 3rd party, how are new lessor going to foster a relationship with lessees?

- Examples of how to build technical expertise and remarketing capabilities in operating leasing

- How are lessors going to diversify its funding sources?

HUANG Zhen, Head of Aviation, Ping An International Financial Leasing
YANG Zhaokun
, Deputy General Manager - Aviation, Everbright Financial Leasing
Moderator: Joseph Shanahan,Managing Director,Citi

1715 Part III: Risk management, asset exposure and defending market share

- Will extending lease term and reducing asset exposure be the trend going forward?

- How are lessors going to cope with the “China” price in SLBs? Is going onshore becomes the only way to defend the market share?

- How to efficiently manage down time in redeliveries

- Where are we in the cycle and what are the key risks ahead?

Andy Beer, Executive Director, Aviation Finance, Standard Chartered Bank
Chris Dailey
, Chief Marketing Officer, Jackson Square Aviation
Hani Kuzbari, Managing Director, Novus Aviation Capital
Robert Lamoureux, Senior Vice President, Head of Marketing, Asia Pacific,CIT Aerospace
Ruth Kelly, CEO, Goshawk
Moderator: Vicente Alava Pons, Managing Director-Aviation Finance, DVB Bank SE Singapore Branch

1800 Chairman’s closing remarks followed by cocktail reception

Day 2: Wednesday 8 June

0820 Registration and morning coffee

0850 Chairman’s welcoming remarks

YANG Zhaokun, Deputy General Manager - Aviation, Everbright Financial Leasing

0900 Fireside chat: Exploring crowd funding as an alternative source of aviation capital

- How can crowd funding being applied to the aviation industry?

- Cost of capital in retail PDP and delivery financing

- Lenders’ protections in default scenario

(The presentation will be 20 minutes following by 10 minutes Q and A)

Presenter: MIN Jiedong, Chairman, CALS Financial Leasing

Interviewer: Johnny Lau, CEO, Astro Aircraft Leasing

0930 Opportunities in the fast growing Chinese cargo and freighter leasing market

- Key cargo indicators and market analysis

- Impact of e-commerce on express cargo industry

- Case study: Why do some cargo airlines fail and what lessons can we learn?

Rick Wang, Technical Director, Bocomm Leasing

1000 The key changes in next generation of engines

- Battling with environmental challenges

- What will be the new service package offerings for new engines?

David Li, Marketing Director, CFM

Paul Finklestein, Vice President-Marketing, Pratt & Whitney

Troy Wang, Vice President - Customers, Greater China, Rolls-Royce plc

1045 Networking coffee break

1115 Airbus & Boeing: Made in China – latest freighter programs

- Freight rates and load factors

- Conversion vs. new build

- Aircraft types and feedstock providers

James Haas, Director, Product Marketing, Boeing Commercial Airplanes
Richard Owen Walker, Head of Leasing & Investor Marketing, Airbus

1155 Size and liquidity- is it feasible to dispose of WBs without suffering a lose in the current fuel environment?

- With shifting technology in WBs, what will be the impact on airlines and lessors’ business models?

- A380s - where is the potential for secondary market placements?

- B777-300ER - when does a freighter conversion make sense? How much to reconfigure?

- A330-300 - what is the long term residual value outlook? Will we see market availability increase or decrease? What are the placement opportunities?

David Yu, CFA, ISTAT Certified Appraiser, Executive Director- Asia Pacific, IBA Group
Steve Mason, Director, Head of Aircraft Evaluation and Asset Strategy, CIT Aerospace

1240 Lunch

1400 Chairwoman’s welcoming remarkets

Ruth Kelly, CEO, Goshawk

1405 JOLCOs for financing Chinese fleets in 2016

- Are JOLCOs transactions only accessible by top tier credits?

- Have the recent JOLCOs transactions picked up in light of uncertainty? Effect of fluctuation of YEN and negative interest rate on JOLCOs transactions and funding cost

- How do lenders and equity investors differentiate their risk appetites for lessors and airlines in JOLCOs?

- Investor preference for WBs aircraft

Jin Matsushita, Head of Corporate Finance Solutions Department, Products Business Division, Mizuho Securities

Norio Besshi, Vice President, BNP Paribas
SHI Lei, Senior Executive Director, FPG Asset & Investment Management
Moderator: Joe Ye TIAN, Deputy Head of Aviation, Ping An International Financial Leasing

1445 Recapitalizing Chinese carriers’ USD debt in the midst of RMB revaluation

- Anticipation of interest rate cycle and directions of USD vs RMB

- What is the effect of increasing volumes of liquidity in PDP and delivery financing by domestic banks?

- RMB and USD - where is price trending in onshore and offshore markets?

- Will IFRS 16 change the credit ratings of the airlines?

LI Yuan, Senior Director – Aviation, Transportation Finance Unit, Ping An Bank Company

MA Long, Manager- Transportation, Bank of China

Pierre Briens, Director, Investment Banking Asia, Transportation Sector – Aviation, BNP Paribas

Vicente Alava Pons, Managing Director-Aviation Finance, DVB Bank SE Singapore Branch

Moderator: Ruth Kelly, CEO, Goshawk

1530 Networking coffee break

1550 ABS, Non - US EETCs, MTNs, secured and unsecured debt financing for Chinese fleet in time of uncertainty which product is more viable?

- Investors’ appetites for secured and unsecured debt financing

- How to channeling new institutional investors from China, Koran and Japan to invest in aircraft?

- What are return expectations of new capital?

Cristina Chang, Managing Director, Asia Pacific Structured Finance, Asia Pacific, Citi

Carol Chen, Vice President, China Aviation Industrial Fund

Dewey Yee, Head- Aerospace Finance/Leasing Advisory, BaoQiao Partners Capital
HONG Vit, Assistant Manager / FICC Hybrid Team, Dongbu Securities
Samson Lee, Managing Director, Head of Debt Capital Markets, BOC International
Eamonn Cronin, Senior Consultant, TMF Group

1635 Is there still a role for ECA backed financing to support the Chinese fleet?

- Demand for funding – airlines vs lessors

- Prospect of RMB ECA backed financing to support the Chinese fleet

- Are cargo airlines eligible for ECA support? What will be the criteria for assessing the credit risk of cargo airlines?

Berthold Reuter, Unit Head Aviation Risk, Federal Export Credit Guarantees, Euler Hermes Aktiengesellschaft

Eric AGOTE, Head of Unit – Airbus Unconditional Guarantee, State Guarantees Directorate, COFACE

Paul Walsh, Aerospace Manager, UKEF

Robert F.X. Roy, Jr., Vice President–Transportation, Export-Import Bank of the United States

Viren Joshi, Global Accounts Director, Export Development Canada
Moderator: David K. O, Senior Vice President, ECA Finance, Credit Origination & Syndication Group, Global Financial Institutions, Wells Fargo International Group

1730 Chairman’s closing remarks