Airfinance Journal Dublin 2020

KPMG is globally recognised as the centre of excellence for the aircraft leasing industry. Almost every aviation finance industry player of any significance can be found on our client list. We have been identified as one of the 30 most influential companies operating in the global aviation sector. We have advised on aviation transactions in over 150 countries worldwide.

GE Capital Aviation Services (GECAS) is a world-leading aviation lessor and financier. For over five decades, we have solved our customers’ challenges and helped their businesses to thrive. Whether your need is for narrow- or widebody aircraft, regional jets, turboprops, freighters, engines, helicopters, financing or materials, our name has become synonymous with trusted relationships, domain expertise and delivering on our promises.  GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, secured debt financing, asset sales and servicing, and airframe parts management. GECAS owns, services or has on order more than 1,850 (~1,500 fixed wing/ ~350 rotary wing), plus provides loans collateralized on an additional ~320 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 21 offices around the world. www.gecas.com

Milbank LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York over 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.

For more than a century, Wilmington Trust has been a leader in trustee, agent, and corporate trust services, serving on some of the largest and highest profile transactions.  We have capabilities in many of the world’s most attractive jurisdictions.  Specifically in Ireland, we have acted as the leading Irish Owner Trustee service provider for nearly a decade and have vast experience specializing in the role of successor trustee.  This is a testament to our commitment developing customized solutions, pairing technology and disciplined, tenured staff.  Our experience means you will have a better one when working with Wilmington Trust.  Please contact Caroline Magee to learn more at 353 1 7920711 or carolinemagee@wilmingtontrust.com.

Air Lease Corporation is a leading aircraft leasing company principally engaged in purchasing commercial aircraft and leasing them to its valued airline customers worldwide.

Bank of Communications Financial Leasing Co., Ltd (“Bocomm Leasing”) is a wholly owned subsidiary of Bank of Communications, the 11th largest bank in the world. It was established in 2007 with a registered capital of USD 1.3B. By the end of 2018, with its total assets of more than USD 33B, Bocomm Leasing is the largest leasing company headquartered in Shanghai and one of the aviation leasing leaders in China. Furthermore, Bocomm Leasing is the first Chinese leasing company which establish professional leasing subsidiary in Chinese free trade zones. Its fleet consists of about 220 aircrafts in service and about 160 aircrafts in backlog. With over USD 11B aircraft assets, it has more than 50 domestic and international well-known aviation customers.
 
Bocomm Leasing can offer both finance and operating lease products. With competitive multi-currency (such as USD, JPY, EURO, RMB) financing tools, we could meet specific customers’requirements via SPVs set up both on-shore and off-shore. Powered by professional and innovative management, Bocomm Leasing is endeavored to provide aviation customers with value-added and tailor-made leasing services.
 
Innovation:

• First lease transaction through SPV established in Shanghai Free Trade Zone (SFTZ);
• First finance lease transaction denominated in JPY by Chinese Leasing company through an offshore SPV;
• First spare engine lease transaction through SPV established in SFTZ;
• First operating lease transaction for Airbus Tianjin assembled A320 through SPV established in Tianjin Free Trade Zone;
• First Chinese leasing company to establish subsidiary.

Company website: https://www.bocommleasing.com/en/index.mvc
 

CMB Financial Leasing Co., Ltd. (abbreviated to the “CMBFL”), approved by the State Council, is one of the first batch of five financial leasing companies affiliated with banks in China. With the approval from China Banking Regulatory Commission, CMBFL was founded in March, 2008. CMBFL is a wholly-owned subsidiary of China Merchants Bank (abbreviated to the “CMB”) with the registered capital of RMB 6 billion. CMBFL opened on April 23, 2008. Since the establishment of CMBFL, it has been actively researching and developing all kinds of financial leasing products in accordance with the need of the physical economy. CMBFL launched financial solutions for clients from various fields of industry including aviation, shipping, energy, equipment manufacturing, energy saving and environmental protection, health industry, public utility and culture industry, financial leasing companies. The clients of CMBFL come from a variety of large, medium and small companies. CMBFL permanently persists in the core values of “Service, Innovation and Moderate” and the corporate objective of “High-Base, High-Standard and High-Level”. The balance of the leasing assets of CMBFL exceeded RMB100 billion in Sept. 2014 which made CMBFL among the ranks of “100 billion” financial leasing companies. On the new development stage, CMBFL has formally established the strategy of “internationalize, professionalize and differentiate” so as to build sustainable competitive edge to become the expert in financial solutions with excellent professional service abilities, and be committed to becoming the best financial leasing company in China. The balance of the leasing assets of CMBFL exceeded USD25 billion in Dec. 2018. 

ICBC Aviation Leasing Company Limited, a wholly owned subsidiary of ICBC Leasing, was established in Hong Kong in March 2018 with a registered capital of USD 1.2 billion. ICBC Leasing, established in 2007 with a registered capital of CNY 18 billion, is wholly owned by ICBC Bank. ICBC Leasing is one of the leading players in China’s leasing industry with a local and overseas asset portfolio worth more than CNY 300 billion.
By the end of September 2019, ICBC Aviation Leasing has delivered a grand total of 482 commercial aircraft and the total number of commercial aircraft owned and managed has reached 730. ICBC Aviation Leasing provides innovative fleet leasing solutions for 83 domestic and global airline clients across 38 countries and regions. The fleet value in operation reaches around US$ 19 billion and ranks No. 6 worldwide and No. 1 in China.
ICBC Aviation Leasing has won many important awards from multiple Chinese and international authorities. Its growing business has spurred the company’s social responsibility and it has launched various CSR projects and encouraged employees to give back to society with love and responsibility.
Through the integration of domestic and international participants, ICBC Aviation Leasing aims for high standards of professionalism and efficiency. By leveraging the advantageous financial, legal and tax environment domestically and abroad, ICBC Aviation Leasing has developed into a globally competitive aircraft leasing company.
 

The Registry of Aruba was established in 1995; and is known as the first privately managed CAT-1 aircraft registry. Focused on providing outstanding customer service it has become a center for excellence for the registration of private, corporate, and commercial aircrafts, with the highest regulatory standards in compliance with ICAO Standards. Helping you fly since 1995!

 

CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A1), S&P Global (A), and Fitch (A ). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.
CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange 
(HKEX STOCK CODE: 1606). www.CDBAviation.aero
 

CFM International (CFM) was formed in 1974 as a 50/50 joint company between GE and Safran Aircraft Engines. Today, CFM is the world’s leading supplier of commercial transport aircraft engines and the best example of a successful international joint venture. Since the first engine was delivered in 1982, CFM has received orders for more than 48,500 CFM56 and LEAP engines from 550 operators worldwide, of which more than 33,000 engines have been delivered. In addition to the highly successful CFM56 product line, CFM introduced the advanced LEAP-1A engine into commercial service on the Airbus A320neo in August 2016. Through March 2018, 16 other airlines taken delivery of a total of more than 160 LEAP-1A-powered aircraft. The engines have performed exceptionally well in commercial service, with many airlines operating up to 11 flights per day and executing 25-minute turn times. To date, the fleet has logged more than 700,000 highly reliable flight hours. In May 2017, the first LEAP-1B-powered Boeing 737 MAX airplane entered commercial service with Malindo Air in Malaysia. A total of 94 aircraft had been delivered to 24 customers by the end of March 2018. A third model, the LEAP-1C, has been undergoing flight tests on the COMAC C919. Two flight-test aircraft have logged more than 60 hours. Overall, CFM has garnered orders and commitments for more than 15,000 LEAP engines. The engine is delivering a 15 percent improvement in fuel efficiency along with significant reductions in noise and emissions signatures. All of this while maintaining CFM’s industryleading reliability and overall cost of ownership. In 2008, with the launch of the LEAP engine, CFM announced that all services offerings for this new product would come from directly from CFM. The organize could also provide support for CFM56 engines, as well. This was done to support customer requests for seamless product sales and support. Since then, the primary focus of CFM Services has been to provide world-class aftermarket products and programs, working with customers to meet their unique, evolving needs from entry-into-service to mid-life through maturity and retirement.

Novus is an independent, privately-held aircraft leasing platform, focused on investing, leasing and financing of commercial aircraft assets. Established over 25 years ago, the Novus team operates globally out of six offices in Europe, Asia and the Middle East. The company has an aircraft portfolio under management worth about USD 4 billion.

Company website: www.novus.aero

Avation PLC is a commercial passenger aircraft leasing company managing a fleet of aircraft which it leases to airlines across the world.

Our customers include Flybe, Virgin Australia, Thomas Cook, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, Garuda Indonesia, Galistair, airBaltic and Danish Air Transport.

We are an Ireland-based global aircraft leasing company with assets approximately $2.2 Billion.
 
Our strategy is to continue growing Voyager as a leading lessor of mostly new and young passenger aircraft.
 
We are managed by Amedeo (www.amedeo.aero), an industry-leading asset manager and aircraft investor. Our team, working together with Amedeo, will actively pursue growth in all three acquisition channels – new orders directly with the aircraft manufacturers, sale and leaseback transactions with airlines, and portfolio acquisitions from other lessors. Our aim is to generate stable and highly visible revenues, earnings and cash flows.
 
The current portfolio is on lease to 7 airlines in 6 countries. Our customers are mainly flag carriers and other strongly-positioned airlines which typically deploy our aircraft on key international routes. We have grown rapidly over the past four years and our focus has been on markets with the greatest growth in demand for air travel, especially in the Asia-Pacific region.
 
While our heritage is based on primarily acquiring wide-body aircraft, over time we intend to broaden both our asset base and our global footprint. We designed our business model from a strong capital base provided by our shareholders, Amedeo Capital Limited and two large New York based private equity firms.

Amedeo is a leading aircraft asset manager and principal investor in leasing transactions to our customer airlines globally. Amedeo is the asset manager for LSE-listed investment companies and Voyager Aviation Holdings (Voyager), originating and managing aircraft leasing transactions on behalf of these entities.

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 40 offices worldwide and 3,000 employees, Apex delivers a broad range of solutions to asset managers, allocators and financial institutions. The Group has continually improved and evolved its service suite to offer the broadest range of solutions in the industry, covering three key pillars: fund solutions, financial solutions and corporate solutions. Within Corporate Solutions Apex has a specialist Aviation service team, based in Ireland, who have been delivering first class corporate services to aircraft lessors, airlines, asset managers and investors for over 30 years.
 

Willis Lease has earned an industry-wide reputation for service, innovation, technical support and in-depth knowledge of commercial aviation. Our core business is leasing commercial aircraft engines to airlines, OEMs and MROs – worldwide. Along with short- and long-term leasing, we have developed and implemented strategic engine pooling programs, which provide pool members with attractive benefits. We provide innovative leasing solutions to our customers. These leasing activities are integrated with engine and aircraft trading, engine lease pools supported by cutting-edge technology, as well as technical and asset management, and various end-of-life-solutions for aircraft, engines and aviation materials provided through our subsidiaries Willis Asset Management and Willis Aeronautical Services. With one of the largest and most diverse portfolios of engines in the aviation industry, we can meet a wide range of customer technical and operating requirements. Quick responses to AOG emergencies illustrate how our worldwide team of dedicated professionals responds 24/7. Our experience, knowledge and leadership in engine leasing gives our customers a competitive advantage with Power to Spare – Worldwide®.

GTLK Europe is an Ireland-based international company, engaged in leasing and trading of a wide range of air and sea vehicles. The company’s main activity includes leasing, trading, remarketing, asset management as well as consulting on commercial aircraft and ship transactions.

White & Case LLP is a leading global law firm with more than 2,000 lawyers in 41 offices in 29 countries. We support aviation industry participants wherever their needs arise. We represent a broad range of clients including airlines, financial institutions, lessors, manufacturers, credit support providers, funds and industry advisors. Our global platform, cross-disciplinary approach and substantial industry knowledge combine to put us in a unique position to advise on a broad range of transactions involving commercial aviation, private jet and helicopter financing, including asset-based and structured financing transactions. We also provide tax, litigation, restructuring, bankruptcy, regulatory, securities and general corporate advice. Clients turn to us for innovative products and structures as well as commercial solutions to give them a competitive edge in the evolving legal, regulatory and operating environments.

A&L Goodbody is a leading Irish law firm offering legal services to the Corporate sector across the island of Ireland. The firm provides a full range of business legal services through corporate, banking and financial services, tax, litigation and commercial property. In addition to the main office in Dublin, the firm also has offices in Belfast, London, New York, San Francisco and Palo Alto. With an international outlook and expertise, A&L Goodbody advise many international companies on successful investments and activities in Ireland. For further information visit www.algoodbody.com.

Shannon Engine Support Limited (SES), a wholly-owned subsidiary of CFM International, specialises in providing spare engine lease solutions to CFM56 and LEAP operators around the globe.
Headquartered in Shannon, Ireland, with marketing offices in Beijing and Budapest, SES has a portfolio of more than 250 CFM56 and LEAP spare engines, including CFM56-5B, CFM56-7B, LEAP-1A and LEAP-1B engines.
SES’ 13 strategic pool locations gives SES both the capacity and the reach to support airlines operating CFM56 and LEAP powered aircraft worldwide.
 

TMF Group is a Global Business Operator present in every country our clients’ aspirations demand. We are renowned for helping clients operate and invest seamlessly, in and beyond their home markets, by providing Global Business Services that allow them to focus on their core competencies. We have extensive experience in providing services to companies and special purpose vehicles (SPVs) used for owning and leasing aircraft. Our clients include aircraft lessors, banks, airlines, private equity and hedge funds. We have staff in every major global jurisdiction used for aviation services, which allows us to move swiftly and provide efficient, effective services anywhere in the world. We specialize in providing services to operating lease platforms including holding companies and aircraft owning companies (AOCs), aircraft financing structures, lease in, lease out (LILO) special purpose vehicles and aircraft and engine securitization vehicles. We manage hundreds of aircraft leases in SPVs around the world, nine out of the ten top global aircraft lessors are our client; we service half of the top 50 aircraft lessors globally.

Jackson Square Aviation (JSA) is a full-service commercial aircraft lessor. We provide a variety of fleet and financial solutions to airlines such as sale and leaseback financing, PDP financing, new aircraft placements and leasing solutions from our existing fleet. Our experienced, international and professional staff in San Francisco, Dublin, Toulouse, Singapore, Beijing and Lima is committed to meeting airlines’ evolving needs worldwide. Leveraging our extended relationships with aircraft manufacturers, financiers and other aviation businesses, we offer fleet and capital flexibility vital to airlines’ fleet replacement and expansion.
Since the founding of JSA in 2010, our portfolio has steadily expanded with young and efficient Airbus and Boeing fleet. Today our owned, committed and managed fleet exceeds 225 aircraft with 49 leading airlines in 28 countries.
We are a member of the Mitsubishi UFJ Lease & Finance Company Limited (MUL) group of companies. MUL is a prominent global leasing company based in Japan and publicly listed on the Tokyo and Nagoya Stock Exchanges. With the support of MUL and our strong relationships with other global financiers, we are committed to providing competitive pricing and flexible financing alternatives to our customers.
MUL, incorporated in April 1971, has responded to increasingly diverse customer needs by expanding into a variety of business domains, as well as its core lease and financing business. MUL’s principal shareholders are Mitsubishi Corporation and Mitsubishi UFJ Financial Group Inc.

One of the world’s leading aviation service providers, ACC Aviation Group provides market-leading expertise across aircraft leasing, asset management, strategic consultancy, aftermarket aircraft interiors programmes and air charter.
Through our international office network spanning the UK, mainland Europe, North America, the Middle East and Asia, we serve a diverse, global client base who trust our experts to deliver a comprehensive range of bespoke aviation solutions.
www.accaviation.com
 

volofin is a specialist finance company focused solely on the commercial aviation market, with a long term approach and a differentiated strategy.  We serve airlines; lessors and aviation investment firms who have complex, time sensitive needs and require a customised, hassle free solution from a reliable partner.  With significant financing capital at our disposal, we provide our clients a full range of structured recourse and non-recourse loans, on a direct basis through our very experienced team

The role of the Civil Aviation Authority of the Cayman Islands (CAACI) is to act as the regulatory organisation responsible for safety oversight and economic regulation of the aviation industry throughout the territory. In addition to ensure that the Cayman Islands aviation industry conforms to the standards and recommended practices of the International Civil Aviation Organisation. The guiding legislation to ensure compliance with the ICAO standards and recommended practices is the Air Navigation (Overseas Territory) Order. Our Values:     Safety first: We never forget our organization’s primary reason for being. People at the centre: We develop our people to the highest standards and level of expertise in technical/non-technical areas. Leadership: We build and promote a shared commitment to regulatory and aviation excellence regionally and globally. Regulatory objectivity: We conduct our regulatory responsibility with impartiality. Integrity: We ensure that the highest moral and ethical standards are maintained in the discharge of our responsibilities. Active collaboration: We work with others to engage their knowledge and expertise and to generate effective solutions where we are jointly accountable for the end results. Accountability: We account for our actions, accept individual and team responsibilities and transparently disclose results.
 

Seabury Consulting, now part of Accenture, offers a unique range of expertise specific to the aviation industry that complements Accenture’s global capabilities, solutions and services to help propel airlines into the future. Earlier this year, Accenture completed its acquisition of the corporate advisory and aviation consulting businesses of Seabury Group, strengthening Accenture’s ability to help the world’s leading airlines achieve transformational change.

Accenture (NYSE: ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives.

 

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world.  As of June 30, 2019, Aircastle owned and managed on behalf of its joint ventures 283 aircraft leased to 89 customers located in 48 countries.  Our aircraft are managed by an experienced team based in the United States, Ireland and Singapore and we are a public Company listed on the New York Stock Exchange under the ticker symbol “AYR”.  For more information on Aircastle, please visit www.aircastle.com.

CCB Financial Leasing Corporation Limited (CCB Financial Leasing) was established on December 26, 2007, which was among the first batch of financial leasing companies approved by China Banking Regulatory Commission (CBRC). The company is a wholly-owned subsidiary of CCB, which incorporated in Beijing with a 8 billion RMB registered capital. 

As an important platform for CCB’s comprehensive operation, CCB Financial Leasing complies with shareholder’s strategy, supports substantial economy and fulfills social responsibilities actively by focusing on clients and markets. Relying on the network and the market reputation of CCB, CCB Financial Leasing promotes professional, market-driven and international development while provides variety of financial leasing services with constant improvement of product creativity, market share, value creation, assets management and internal control. 

CCB Financial Leasing has established a sound corporate governance structure and internal management system by leveraging the management concept and corporate culture of CCB. By the end of 2017, its assets under management reached over 160 billion RMB, covering various industries. The clients are throughout in nearly 30 provinces, municipalities of China and more than 10 countries and regions of the world.CCB Financial Leasing leads the industry with acquiring ideal 
international credit rating from rating agencies, namely A from S&P and Fitch, A1 from Moody’s, which result in significant development potential for the company. 

 

Avinomics calculates leading indicators that gauge the counter-party risk of airlines.  The Frankfurt-based consultancy uses advanced algorithms to scrutinize patterns of confidence or distress in airlines’ commercial and operational planning for the next twelve months. Avinomics' monthly indicators are forward-looking - they do not contain any financial data - and have consistently proven their accuracy by signaling trouble well before crises hit. The consultancy also publishes a monthly assessment of airline overcapacity across the globe and in key market segments. Avinomics is an essential partner for aircraft financiers and manufacturers, for credit card companies and other entities that do business with airlines.
 

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.
We strive to be the leading global business law firm by delivering quality and value to our clients.
We achieve this through practical and innovative legal solutions that help our clients succeed. We deliver consistent services across our platform of practices and sectors in all matters we undertake.