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Agenda Overview

Day One: Thursday, April 19, 2018

9:00AM Chairman’s opening remarks
Rikan Miura, Chief Secretary to the President, Development Bank of Japan
9:10AM Keynote presentation: Japan's Aviation Industry
  • An overview and forecast of the aircraft manufacturing and supply chain in Japan
  • How can the launch of Nationwide Network of Aircraft Clusters make high-quality, lower cost products possible?
Hiroyuki Hatada, Director, Aerospace and Defense Industry Division, METI
9:30AM Is it the right time to buy or to sell?
  • Driving forces of lessor M&A
  • Are there too many orders from lessors?
Steven Udvar-Hazy, Executive Chairman, Air Lease Corporation
9:50AM DBJ’s insights on the aviation finance and investment market in Japan
  • Forecast of inbound and outbound traffic volume
  • Status of airport privatisation and how it will accelerate the growth of LCCs and new routes
  • How much capital has been flowing into the aviation finance and investment market in Japan?
  • What drives the increasing participation of regional banks in lending?
Shumpei Ikoma, Vice President, Global Aviation Team, Development Bank of Japan
10:10AM Panel: International carriers access to the JOLCO and financing market in Japan
  • How does the funding cost of JOLCOs compare to that of the debt capital market and commercial debts?
  • Widebodies vs narrowbodies – which is more suitable for JOLCO financing?
  • How to make JOLCO transactions more accessible to North American carriers?
  • What do international carriers’ financing mixes look like in 2018?
Moderator: Jon Sharp, Group President & CEO, Engine Lease Finance Corporation
Murat Seker, Chief Financial Officer, Turkish Airlines
Markus Ott, Head of Corporate Capital Markets, Deutsche Lufthansa AG
James Hall, Director of Corporate Finance & Treasury, American Airlines
Nirmal Govindadas, Senior Vice President Corporate Treasury, Emirates Airline
10:50AM Networking break
11:20AM MRJ presentation: Built in Japan is making good progress
  • Development schedule
  • Order book
  • Cape Town Convention’s benefits to the MRJ
Akio Ueda, Sales / Marketing Director, Asia & Pacific, Mitsubishi Aircraft Corporation
11:50AM Presentation: Case study on the Thunderbolt transaction
Vinodh Srinivasan, Managing Director and Co-Head of the Structured Credit Group, Mizuho Securities USA
Ryan McKenna, Vice President, Air Lease Corporation
12:20PM Lunch
1:40PM Engine panel: Reliability of new generation engines
  • How do OEMs and airlines see the technical uncertainty of new generation engines?
  • When is the peak of new engine demand?
  • How is the OEM’s control of aftermarket affecting engine parts trading? Are the prices being
    pushed even higher?
  • Are the LEAP and GTF good assets to invest in?
  • How to resolve the conflict of interest between airlines, lessors and OEMs on engine
    maintenance reserves?
Moderator: Joost Van Der Heijden, Head of Marketing, Asia and North America, Airbus
Jon Sharp, Group President & CEO, Engine Lease Finance Corporation
Paul Finklestein, Vice President Marketing, Pratt & Whitney
Craig W Welsh, SVP & COO Americas and Asia, Willis Lease Finance Corporation
Kensuke Nakamura, Senior Vice President, Sales & Marketing, Asia Pacific, Sumisho Aero Engine Lease B.V.
2:20PM Airbus & Boeing: Market demand for next generation of widebodies
  • Order book update and production rate
  • Demand for mid-size widebodies in Japan: A330-800/900neo, A350-900, and B787-8/-9
  • Next generation of widebodies and implication to airlines and lessors’ on fleet planning
Joost Van Der Heijden, Head of Marketing, Asia and North America, Airbus
Darren Hulst, Vice President Commercial Marketing, Boeing Commercial Airplanes
3:00PM Panel: Are JOLs taking off?
  • Key market trends in terms of aircraft types and lessees
  • How will the value fluctuation of used aircraft affect the JOL market
  • How to carefully manage the residual value risks and get the return conditions right
  • What are investors’ expected returns on JOL and how do they compare to other alternative asset classes?
Moderator: Gary Fitzgerald, CEO, Stratos
Richard Ragains, Representative Director, Aviation Management Services
Stuart Hatcher, Chief Operating Officer, IBA Group
Mikio Shiga, General Manager, Aircraft Marketing & Management Section, Aviation Business Department, Sumitomo Mitsui Finance and Leasing Co., Ltd.
Jan Melgaard, Executive Chairman, FPG Amentum
3:40PM Networking break
4:10PM Mega banks’ perspective
  • How can mega banks team up with regional banks to meet the demand from airlines?
  • How will the negative interest rate environment affect the domestic lenders?
  • Airline credit risks and preferred asset types
Moderator: Michael Allen, Asia Finance - Editor, Airfinance Journal
Shin Watanabe, Managing Executive Officer, Head of Transportation Business Unit, Sumitomo Mitsui Finance and Leasing
4:25PM International and Japanese banks’ perspective
  • JOLCO, JOL or syndication: what is the preference of regional banks?
  • Facing the challenges of squeezed margins, what will banks do next?
  • Given European banks’ willingness to lend to the Japanese market under the revised double tax treaty, will Japanese lenders’ appetite be affected if more liquidity comes in?
Moderator: Neil Campbell, Partner, K&L Gates
Pierre Briens, Managing Director, Head of Aviation, Transportation Sector, Investment Banking Asia Pacific, BNP Paribas
Jasper Tan, Head of Aviation Finance, Asia Pacific, NORD/LB
Takashi Danjo, Head of Asset Finance Team, Sumitomo Mitsui Trust Bank
5:00PM Panel: How to cope with the growing volume and demand of JOLCO transactions
  • What is the current market size of JOLCO?
  • How to come up with innovative JOLCO structures to attract lessors and airlines
  • Will JOLCO expand to the lessors and second-tier airlines? What might be the potential opportunities and risks for investors and lenders?
  • How will the participation of regional banks in the market stimulate both the debt and equity side of JOLCO transactions?
  • How to expand the NK investor base?
Moderator: Kenji Maeda, Managing Director, Asset Leasing Solutions, BNP Paribas
Takahiro Matsumoto, Executive Officer, General Manager, Structured Finance Department 1, FPG
Jin Matsushita, Department Head-Corporate Finance Solutions Department, Investment Banking Products Group, Mizuho Securities Co., Ltd.
Shiro Kambara, Director Global Finance, Natixis Japan Securities Co.
Tony Zhao, General Manager, CMB Financial Leasing Co
Simon Collins, Partner, White & Case LLP
5:40PM Close of day one followed by cocktail reception

Day Two: Friday, April 20, 2018

9:20AM Chairman’s opening remarks
Simon Collins, Partner, White & Case LLP
9:30AM Panel: Assessing aircraft trading of young fleet, mid-age and old aircraft
  • What makes investors hesitate to invest in portfolio of young aircraft? Is the current price too high or will the cycle turn soon? 
  • What are the popular mid-life widebodies in the market? A330-200/300 or 777-300ER?
  • Prospect of future narrowbody trading: 737 MAX 8 vs A320neo
  • What are the nonperforming old aircraft in the market?
Moderator: Yu Kimura, Senior Vice President, Global Aviation Team, Development Bank of Japan
Alexander Rasnavad, Chief Strategy Officer, DAE Capital
Hani Kuzbari, Managing Director, Novus Aviation Capital
Brian McArdle, SVP and Senior Director, Aircraft Trading, Asia Pacific, SMBC Aviation Capital
Mark Fabian, COO - Asset Transaction Group, GA Telesis LLC
10:10AM Panel: Gearing up the returns through JVs – Teaming up with overseas lessors to expand the operating lease platforms
  • What drives Japanese leasing companies to team up with overseas lessors?
  • Enhancing asset management capability via JVs
  • Opportunities for overseas lessors to tap into the Japanese investor base
  • Growing source of capital for mid-life aircraft
Moderator: George Ai, Executive Vice President, Novus Aviation Capital
Yoshihiko Fujita, General Manager, Aviation Business Dept, Mizuho Leasing Company, Limited
Shinichi Sayo, Deputy General Manager, Head of FI Marketing, Tokyo Century Corporation
Saburo Koyama, General Manager, Aviation Investment, Marubeni Corporation
Lewis Sutherland, Senior Vice President, Aviation Investment Management, DVB Bank SE
10:40AM Networking break
11:10AM Panel: AFIC – an update on the latest deals
  • How far can the insurance-backed financing market grow?
  • Opportunities for overseas and Japanese bank syndicate loans with the support of AFIC structure
  • Would AFIC expand the credit coverage to LCCs and second-tier airlines?
Bob Morin, Managing Director, Transaction and Business Development Leader, Aircraft Finance Insurance Consortium, Marsh USA, Inc.
Shin Watanabe, Managing Executive Officer, Head of Transportation Business Unit, Sumitomo Mitsui Finance and Leasing
11:50AM Appraisers’ perspective: Residual value outlook
  • What is the residual value trend of narrowbodies?
  • NEOs and MAXs value forecast
  • What is the best used aircraft to invest in?
Moderator: Angus MacKay, Principal, ICF International
Stuart Hatcher, Chief Operating Officer, IBA Group
Lindsey Webster, Director – Asset Valuations, Morten Beyer & Agnew
John Mowry, Managing Director, Alton Aviation Consultancy
12:30PM Panel: How can airlines get financing on turboprops and regional jets?
  • How will Airbus and Bombardier’s partnership affect the C-series?
  • Maintenance cost competitiveness of turboprops and regional jets
  • Japanese investors and regional banks as the potential financing sources
  • Challenges of trading turboprops and regional jets in the secondary market
Moderator: Minoru Kawahara, Deputy General Manager, Aviation Business Department, Mitsubishi Aircraft Corporation
Anders Solem, Managing Director & Head of Marketing, China and North Asia, Nordic Aviation Capital
Iain Cawte, Chief Financial Officer, Avation PLC
Sophie Andrasik-Pékar, Customer and Structured Finance Director, ATR
Jie Huang, Director, Structured Finance, Bombardier Commercial Aircraft
Greg Alberts, Senior Vice President, Mitsubishi Aircraft Corporation
1:10PM Chairman’s closing remark