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Agenda Overview

Day 1: Thursday, April 20, 2017

8:00AM Registration & networking

Registration & networking

9:00AM Chairman’s welcoming remarks


 

Masao Masuda, General Manager, Head of Global Aviation Team, Development Bank of Japan
9:10AM Opening presentation: Exploring the impact of airport restructuring on driving the growth in Japan’s aviation market
  • Update on the privatization process of Kansai and Sendai, and what this means for airlines •
  • How LCCs are utilizing existing airports to save costs
  • Shifting market dynamic from legacy carriers to LCCs

 

Yu Kimura, Head of EMEA, Asia Pacific and Investment, Global Aviation Team, Development Bank of Japan
9:30AM Presentation: The successful story of Lufthansa
  • Review the competitive landscape in the airline industry
  • Key success factors
  • Financing mix for order book
Markus Ott, Head of Corporate Finance, Deutsche Lufthansa AG
9:50AM Presentation: The outlook for Japanese LCCs
  • Driving forces of new LCCs in Japan
  • Why have some LCCs failed?
  • Key success factors
Jean-Pierre Stainnack, Senior Vice President Sales - Japan, Airbus
10:10AM Networking Coffee Break
10:40AM Airlines’ panel: Funding sources, liability management, Neo & Max and effect of IFRS 16 on airlines off-balance-sheet financing
  • Airline’s financing mix in 2018
  • When Neo and Max enter service, what will be the likely impact on airlines’ fleet planning?
  • Key considerations for liability management
  • Potential effect of IFRS 16 on airlines’ balance sheets

 

Moderator: Yu Kimura, Head of EMEA, Asia Pacific and Investment, Global Aviation Team, Development Bank of Japan
Amelia Anderson, Managing Director and Assistant Treasurer, American Airlines
Nirmal Govinda Das, Senior Vice President - Corporate Treasury, Emirates Airlines
Riyaz Peermohamed, Chief Aircraft Acquisition & Financing Officer, IndiGo
11:20AM MRJ session: Update on MRJ program and timeframes
Cian Dooley, Managing Director, Promenade Aviation Services Limited
Hideyuki Kamiya, Director, Strategic Marketing, Mitsubishi Aircraft Corporation
12:00PM Q & A: Airlines vs Lessors - where do mega banks see the opportunities in lending and underwriting?
  • Senior executives from the mega banks will discuss their latest strategies in lending and securities underwriting and also share their experience on how to manage the credit risks of airlines and lessors.
Shin Watanabe, Executive Officer and General Manager, Global Aviation and Maritime Finance Department, Sumitomo Mitsui Banking Corporation (SMBC)
12:20PM Key trends in the JOL market – what has changed?
  • Liquidity of commercial debt in the JOL market 
  • Size, deal flow and credit quality of airlines
  • Residual value risk for equity investors
Jan Melgaard, Executive Chairman, FPG Amentum
12:40PM Networking Lunch
2:00PM Lenders panel: Quantitative easing, rate hikes, Basel IV and pricing trends
  • Effect of quantitative easing on lending
  • With strong liquidity in the Japanese banking sector, what role will international banks play in the mix? 
  • Where do overseas lenders see the opportunities in Japan? Are LTVs increasing and margins decreasing for lenders?      
  • Potential effect of Basel IV on commercial liquidity

 

Moderator: Joe Ye Tian, Deputy Head of Aviation, Ping An International Financial Leasing Co., Ltd.
Rikan Miura, Head of Global Aviation Team, Development Bank of Japan
Wui Jin Woon, Head of Aviation, Asia Pacific, Natixis
Daizo Tokuda, Head of International Finance Department, Corporate Finance Division, The Tokyo Star Bank, Limited
Yoichi Hirotani, Managing Director & Head of Tokyo Branch, Aviation Finance, DVB Transport Finance Limited
Nikolai Lvov, Vice President, Global Aviation – Asia Pacific, Corporate & Investment Banking, Citi
2:45PM Panel: How to attract more Japanese insurance companies and pension funds into the aviation sector?
  • Driving forces for new funds entering the aviation market
  • Risk and return profile of new investors
  • How important is the rating for assessing credit risk?
  • How to change the risk perception of institutional investors?
  • JPY EETC Trust products - is the yield high enough for attracting YEN investors?
Moderator: Daisuke Kawasaki, Senior Vice President - Global Aviation Team, Development Bank of Japan
Fumihiro Honda, General Manager, Chief Analyst, Project & Asset Finance Department, Japan Credit Rating Agency
Weili Chen, Head of Capital Markets Aircraft Financing, Standard Chartered
Hajime Miwa, Head of Strategic Financial Product Department, Mizuho Securities Co., Ltd.
3:25PM Panel: New funds, new structures and new JVs in the Japanese aviation market
  • Demand for equity funds in aircraft financing - expected rate of equity return and investment horizon
  • Will Japanese equity investors be willing to take residual value risk?
  • Why are Japanese lessors increasingly looking for JV partners to set up operating lease platforms? Will this trend continue?

 

Moderator: Neil Campbell, Partner, K&L Gates
Mitsuru Koguchi, General Manager, Sumitomo Mitsui Trust Bank
Steven Bridgland, Senior Vice President Aviation Investment Management, DVB Capital Markets
George Ai, Executive Vice President, Novus Aviation Capital
Kenji Kawahara, Deputy General Manager / Aviation Business Dept., IBJ Leasing Co., Ltd.
4:05PM Networking Coffee Break
4:35PM Q&A with the latest JOLCO issuers – why finance through JOLCOs and why now?

The latest JOLCOs issuers will discuss their experience in dealing with arrangers and investors and share their insights of why they chose JOLCOs over other forms of financial instruments

Jan Melgaard, Executive Chairman, FPG Amentum
Christian McCormick, Managing Director – Finance, China Aircraft Leasing Group
5:05PM Day One Closing Panel: The continuity of JOLCOs as a viable financing tool for new names and new investors in 2017 and beyond
Moderator: Robert Melson, Partner and Global Head of Aircraft Finance and Leasing, Practice Group Coordinator: Banking & Finance, K&L Gates
Takahiro Matsumoto, Executive Officer, General Manager, Structured Finance Department 1, Financial Products Group
Takamasa Marito, Joint General Manager and Global Head of Marketing, Tokyo Century Corporation
Yasuhiro Nakauchi, Deputy Head of Strategic Solution Department, Mizuho Securities Co., Ltd.
5:45PM Close of day one followed by cocktail reception

Day 2: Friday, April 21, 2017

8:30AM Registration & networking
9:00AM Chairman’s welcoming remarks
Hani Kuzbari, Managing Director, Novus Aviation Capital
9:10AM Opening presentation: Fundamentals of the leasing industry
  • The competitive landscape of aircraft leasing
  • Where are we in the cycle and how to manage it?
  • Economic life of an aircraft, new gens and residual value risk
9:30AM Lessors equity performance in post IPOs
  • Investors preference – Asia vs US
  • Do equity investors place much value on residual value of aircraft?
  • Outlook for IPOs
Nicolas Parrot, Managing Director, Co-Head Transportation Sector, Investment Banking Asia Pacific, BNP Paribas Singapore
9:50AM OEMs session: Deliveries in 2018
  • Order book
  • User base – lessors vs airlines
  • Production rates and deliveries
Mark Dunnachie, Vice President Asia Pacific,, Embraer Commercial Aviation
10:35AM Networking Coffee Break
11:05AM Presentation: What will be the future for Boeing’s widebody aircraft?
  • Japan traffic forecast
  • B787s, B777-300 ER, B747-8
  • Production rates and cancellations
Darren Hulst, Managing Director – Northeast Asia Marketing, Boeing Commercial Aircraft
11:25AM Financial performance of Asia Pacific airlines

Michael will share insights into the financial performance of Asia-Pacific airlines including comparisons with their global peers. How are they faring on key financial metrics? Can they afford to buy the planes they have on order?

 

Michael Duff, Managing Director, The Airline Analyst
11:45AM Lessors panel: What are the new opportunities and threats for the leasing industry?
  • Assessing the potential impact of neo and max on residual values of narrowbodies
  • Is liquidity flowing into aircraft evenly or is it more focused on new aircraft? 
  • Opportunities in investing in mid-life & late-life assets
  • How has the influx of new lessors changed the leasing market?  Will consolidation continue?
  • What are the long–term growth strategies for lessors? If the cycle turns, how well-prepared lessors are for the downturn?
Moderator: Nicolas Parrot, Managing Director, Co-head Transpotation Sector , Investment Banking Asia Pacific, BNP Paribas
Haiyan Zheng, Director, Ping An International Financial Leasing Co., Ltd.
David Swan, Chief Operating Officer, SMBC Aviation Capital
Sibylle Pähler, Managing Director, Doric Asset Finance GmbH & Co. KG
James Meyler, Chief Executive Officer, ORIX Aviation Hong Kong
12:30PM Closing Panel: Where are residual values trending for widebody aircraft?
  • Have lease rates improved?
  • Key factors affecting the value of widebody aircraft
  • Residual value trends in A380s, B747-8, B777-300ER, A320-200
Moderator: Joseph O'Brien, Chief Commercial Officer, Engine Lease Finance Corporation
Stuart Hatcher, Chief Intelligence Officer, IBA Group
Paul Leighton, Managing Director, Aircraft Value Analysis
Angus Mackay, Principal, ICF International
1:00PM Chairman’s closing remark