12th Annual Asia Pacifc Airfinance Conference Platinum sponsor Key speakers include: Dr. Piyasvasti Amranand, President, Tai Airways International Roger Han, SVP, China Airlines David Mackrell, Deputy Chief Financial Ofcer, Air New Zealand Brian Jefery, SVP, Corporate Treasury, Emirates Airline Elisa Lumbantoruan , CFO, Garuda Indonesia Yasantha Dissanayake, Head of Finance, Sri Lankan Airlines Greg Manning, Treasurer, Capital Markets, Qantas
Riyaz Peermohamed, Chief Financial Ofcer, IndiGo Airlines Udom Tantiprasongchai, Chairman of Advisory Board, Orient Tai Airlines Patee Sarasin, CEO, Nok Air Chen Ke, Chief Financial Ofcer, Spring Airlines Sujit Cherian, CFO, GoAir David Arendt, Executive VP & CFO, Cargolux Hansley See, CFO, Cebu Air Bronze sponsors Lunch/Gold sponsor Cocktail/Gold sponsor Eco sponsor www.euromoneyseminars.com/APacAF11 Silver sponsors 12th Annual Asia Pacifc Airfnance Conference 3rd & 4th November 2011 Conrad, Hong Kong With record breaking aircraf orders from Asia in 2011, strong fundamentals in Asias emerging economies and continued demand for passenger travel, the region is edging closer to becoming the worlds largest aviation market. Te 12th Annual Asia Pacifc Airfnance Conference will once again bring the key leaders from Asia and across the globe to discuss the latest opportunities and challenges facing the regional markets. Over 450 senior aviation professionals registered for last years Asia- Pacifc Airfnance Conference a record turn-out with increased participation from Europe and the Americas highlighting the truly global appeal of the event. On 3rd & 4th November 2011 we will return once again to the Conrad Hotel for the 12th edition of the event, bigger and better with more speakers, more themes and more networking opportunities than ever before. Key panel sessions over the two-day event include: Te airlines what is their access to capital? Will legacy airlines expand into the LCC space? Will long haul low cost models work in Asia? And much more Te lessors assessing the market environment for operating lessors; Sources of funding for lessors; Will order books get bigger in 2012? And much more Te bankers what are the key trends in equity and debt capital market fnancing for Asian airlines? How much capacity is there from equity investors? How will Basel III afect aircraf bank fnancing? And much more Te ECAs the efect of the new ASU on export credit fnancing in Asia; Evaluating the need for ECA fnancing in Asian countries; What is the size and volume of deals in the year ahead? Bank capacity in the ECA market; And much more Te manufacturers trends in feeting and re-feeting; competition from other manufacturers; What are the regional needs for the Asian market? What are manufacturers doing to avoid delay in deliveries? And much more Te engine manufacturers and lessors efect of new engine types on residual values of existing engines; What will be the new service packages oferings to new engines? Will overhaul shops be all OEM-controlled? And much more Alternative investors assessing equity investors appetite for tax enhanced credit products; Performance of aircraf funds; investors preferences for aircraf types; And much more We are looking forward to another record breaking event in Hong Kong this year, hosting the whos who of aviation fnance from around the globe. We look forward to welcoming you amongst this number at the Conrad Hotel in November. 2011 Aviation Financing and Operating Leasing School Asia Pacifc 31st October 2nd November, Conrad Hong Kong Preceding the main conference, the 2011 Asia-Pacifc Aircraf Finance School will provide attendees with thorough training in all areas of aircraf fnance and leasing, from understanding the diferent fnancing, legal and tax structures to operating leases and asset management. On completion, delegates will be equipped with the tools required to immediately execute aircraf fnance deals. Our experienced faculty includes fnance and legal professionals, export credit agencies, institutional investors and tax specialists who will educate attendees using their transactional experiences, and encourage hands-on participation through practical training. For multi-booking discounts on School and Conference places, please contact jason.coles@euromoneyasia.com 31st October 2nd November 2011 Conrad, Hong Kong 2011 Aviation Financing and Operating Leasing School Asia Pacifc www.euromoneyseminars.com/HKSchool 2011 Key topics include: Commerical lending and syndication for aircraf fnancing Debt and equity market fnancing Latest developments in ECA fnancing Asset and liability management for airlines Key considerations in fnancing used aircraf Selecting the right aircraf types for your business models Market environment for operating lessors Understanding diferent tax based lease products Asset management in aircraf renewal and re-marketing Credit risk management for lessors Lease accounting under IFRS Taxation for aircraf leasing Fundamentals of aircraf valuation Managing dispute resolutions relating to aircraf fnance Understanding engine leasing and engine cycles Our faculty includes: Bharat Bhise, CEO, Bravia Capital Jon Sharp, President and CEO, ELFC David Swan, COO, RBS Aviation Capital Anup Mysoor, Managing Director, Asia Head, Aviation Investment Banking, Citi Paul Ng, Global Head of Aviation, Stephenson Harwood Daryll Ng, Partner, Stephenson Harwood Isabelle Lei, Regional Head of Structured Solution, Asia Pacifc, Citi Diarmuid Healy, Head of Technical Asset Management, RBS Aviation Capital Paul Jebely, Head of Aviation Finance, Clyde & Co LLP Shane Matthews, Head of Credit Risk, RBS Aviation Capital Bill Cumberlidge, Executive Director, KV Aviation Owen Geach, Commercial Director, IBAGroup Stephen Barnes, Director, Asia, GuggenheimAviation Partners Scott Miller, Associate, Aviation Investment Banking, Citi Khoon Ming HO, Partner in Charge, Tax, China &Hong Kong SAR, KPMG Advisory (China) Peter Hammond, Aviation Export &Agency Finance, Citi Course leaders: Register now at: www.euromoneyseminars.com/APacAF11 Day One: Thursday 3rd November 0830 Registration and morning coffee 0900 Chairmans opening remarks and welcome speech Garry Burke, CEO, Pembroke Group, Head of Aviation Finance, Standard Chartered Bank 0910 Keynote address: Financing aircraft in 2012 and beyond Demand for aircraft over the next five years Where will airlines find finance? Long term positioning of airlines premium segments vs. bottom and middle segments How seriously are airlines looking at regional jets and new aircraft types? Dr. Piyasvasti Amranand, President, Thai Airways International 0940 Airlines panel discussion: Financing the aircraft in an inflation era Fleet renewal sale and lease back vs. finance lease Access to liquidity domestic bank markets vs. offshore financing Matching funding terms with the asset life Will airlines be more focused on narrowbody aircraft for fleet renewal in the next five years? Hedging the volatility in fuel , FX and rates Will legacy airlines expand into the LCC space? Are premium products dead? Will the US capital markets start to play a greater role in financing Asian fleets? With the rising cost of ECA financing, are there any alternative funding sources for aircraft financing? Aircraft secured bonds when will we see the first Asian EETC? How to maintain a healthy balance sheet Effect of inflation on cost of funding before the bullet Matching funding terms with the asset life Is alliance a must for Asian carriers? Will LCCs outperform legacy carrier? Roger Han, SVP, China Airlines David Mackrell, Deputy Chief Financial Officer, Air New Zealand Brian Jeffery, SVP, Corporate Treasury, Emirates Airline Elisa Lumbantoruan , CFO, Garuda Indonesia Yasantha Dissanayake, Head of Finance, Sri Lankan Airlines Greg Manning, Treasurer, Capital Markets, Qantas Moderator: Kieran Corr, Chief Commercial Officer, Pembroke Group, Aviation Finance, Standard Chartered Bank 1040 Networking coffee break 1110 LCCs panel discussion: Expansion in LCC sectors Reinventing the LCC business models what has been changed? Will LCCs expand alliance beyond regional boundary Funding sources for LCCs Operational efficiencies for the best margins Where do new start-up airlines see the growth in Asia? Market penetration rates in LCC sectors what gaps are there in the markets? Ancillary revenues is there still an upside? What is the right aircraft for regional routes? Will the long haul low cost model work in Asia? Configuration of widebody aircraft on long haul low cost models Roadshow experiences what are investors looking for? Riyaz Peermohamed, Chief Financial Officer, IndiGo Airlines Udom Tantiprasongchai, Chairman of Advisory Board, Orient Thai Airlines Patee Sarasin, CEO, Nok Air Chen Ke, Chief Financial Officer, Spring Airlines Sujit Cherian, CFO, GoAir Hansley See, CFO, Cebu Air Moderator: Paul Ng, Global Head of Aviation, Stephenson Harwood 1210 The Asia Pacific forecast Erosion of fuel price on airlines profitability Premium vs. economy Capacity Asia vs. ROW Market penetration: LCCs vs. legacy carriers Short haul and long haul vs. medium haul Kapil Kaul, Chief Executive Officer, South Asia, Centre for Asia Pacific Aviation 1240 Lunch sponsored by
1400 Get the money while you can: Is there a sign of fatigue in Asias equity fund raising? LCCs vs. legacy airlines where is the issuance coming from? How much capacity is there from equity investors? Airlines equity performance Asia vs. ROW: Market capitalization Leverage ratio Liquidity position What factors will lead the performance in 2012? Anup Mysoor, Managing Director, Asia Head, Aviation Investment Banking, Citi 1430 Panel discussion: Capacity in debt capital market financing What is capacity of banks to finance aircraft into Asia? Pricing trends bonds vs. loans Demand for capital market financing Investment grade vs. high yield are spreads getting tighter? Appetites in EETCs Trends in ECA bonds Barriers for developing the debt capital markets in Asia Specific types of bonds for Asian airlines Gregory Lee, Managing Director, Structured Finance, Goldman Sachs Jendrik Kurzke, Executive Director, Investment Banking Department, UBS Investment Banking 12th Annual Asia Pacifc Airfnance Conference Agenda 1510 Panel discussion: Alternative source of investment in aircraft JOLs assessing equity investors appetite for tax enhanced credit products Where do private equity investors see the trends in aircraft investments? Performance of aircraft funds Investors preference for aircraft types Exit strategies for PE funds Robert Gates, Managing Director, RPK Capital Paul Kent, Managing Director, Doric Asset Finance Moderator: WUI Jin Woon, Director, Corporate Finance, AWAS 1540 Networking coffee break 1600 Airbus & Boeing: Deliveries in 2012 Trends in fleeting and refleeting: New vs. used Narrowbody vs. widebody Competition from other manufacturers Production rates, backlog orders and cancellations What are manufacturers doing to avoid delays in deliveries? Randy Tinseth, Vice President, Marketing, Boeing Commercial Airplanes Bob Lange, Vice President, Marketing, Airbus Moderator: Sophie Segal, Editor, Airfinance Journal 1650 Lenders panel discussion: What will be the themes in underwriting in 2012? Basel III How available is regional finance? Liquidity management How do banks maintain profit margins without impairing the balance sheet? Does size matter for achieving cost efficiency? Is there enough USD financing available? Using other currencies to finance aircraft Will regional banks become more or less relevant in Asia? Is there enough bank capacity in the ECA market? Are there any asset lenders left in the market? Are there new lenders entering the space? Jos Abramovici, Global Head of Aviation Group & Rail Finance, Credit Agricole Corporate & Investment Bank Jun Palanca, Head of Aircraft Finance, Export & Agency Finance and Syndication Structured Finance Asia Pacific, Sumitomo Mitsui Banking Corporation Simon Perkins, Managing Director, Aviation Finance, Standard Chartered Bank HUANG Haitao, Regional Head, Aviation Finance & Overseas Finance, ICBC Bank Christian Mc Cormick, Chief Executive Officer, Natixis Transport Finance Moderator: Brian Jeffery, SVP, Corporate Treasury, Emirates Airline 1730 1730 Cocktail sponsored by
Day Two: Friday 4th November 0830 Registration and morning coffee 0900 Chairmans opening remarks and welcome speech 0910 Keynote: Global trends in aircraft leasing Macro overview - drivers of demand and growth Growth strategies of the Lessors Looking to the future opportunities vs. challenges Brian Harvey, Head of Airline Marketing, RBS 0940 Regional aircraft panel session: What are the regional needs for the Asian market? Are airlines considering new regional jets? Assessing the need for turboprops How is the fuel price going to change the supply and demand dynamics? Salvatore Di Bartolo, Vice President, Sales, Sukhoi Civil Aircraft Company Douglas Abbey, Marketing Director, Asia Pacific Commercial Aviation, Embraer Mario Formica, Vice-President Marketing, ATR Senior representative, Bombardier 1030 Networking coffee break 12th Annual Asia Pacifc Airfnance Conference Agenda Euromoney Seminars and Airfnance Journal 2011. Euromoney Seminars and Airfnance Journal reserves the right to alter the venue and/or speakers. Euromoney Seminars and Airfnance Journal are divisions of Euromoney Trading Limited. 1050 Panel discussion: Key trends in the latest engine technologies benchmarking fuel burn savings Effect of the new types of engines on residual values of existing engines Key considerations in investing in the latest engine technologies Cost of capital in financing the engine What do worldwide overhaul shops cover? What will be the new service packages offering to new engines? Will overhaul shops be all OEM-controlled? Re-engining is it the way forward? Developing the next generation of engine technologies what is the next benchmark for fuel burn saving? Jon Sharp, President and CEO, ELFC Bobby Jangan, Vice President Engine Leasing, Rolls-Royce & Partners Finance William Brown, GM, Marketing, CFM 1135 Panel discussion: Residual values of narrowbody aircraft in secondary markets Performance of popular narrowbodies in secondary markets Cost savings NEO vs. C Series Effect of re-engining on existing aircraft Should the 737 be re-engines or re-designed? Robert Agnew, CEO, mba Phil Seymour, President & Chief Operating Officer , IBA Group Christian Castang, Founder and Executive Director, Altar Bill Cumberlidge, Executive Director, KV Aviation 1220 Lunch 1340 Lessors panel discussion: Demand for lessors in Asia Has the sale and lease back market dried up? Market environment for operating lessors Assessing lease rates and aircraft types in operating leases which are the compelling assets? Funding sources for financing the capacity should lessors rush into fund raising before the cost of funding rises? Diversifying funding sources with different credits and regions How to differentiate your business models in Asia Is there sign of over ordering? Will order books get bigger in 2012? Ray Sisson, CEO, AWAS Aengus Kelly, CEO, Aercap Peter Barrett, CEO, RBS Kieran Corr, Chief Commercial Officer, Pembroke Group, Aviation Finance, Standard Chartered Bank Mark Jiang, Managing Director, Aviation Finance, ICBC Leasing James Meyler, Senior Vice President Head of Acquisitions and New Business, Orix Aviation Tony Diaz, Executive Vice President, Commercial Airlines, CIT Aerospace Senior Representative, Aviation Capital Group 1500 Closing panel: Effect of the new ASU on export credit financing in Asia Evaluating the needs for ECA financing in Asian countries What are the size and volume of deals in the year ahead? What are the pricing trends? Bank capacity in the ECA market Home market rules what has changed? Effect of the new ASU on the cost of capital Pros and cons of the new ASU Where do we go from here? Gordon Welsh, Head of Aerospace Finance, ECGD Kostya Zolotusky, Managing Director, Capital Markets, Boeing Capital Corporation Bob Morin, Vice President , Transportation Division, Export-Import Bank of the United States Patrice Guindon, Strategic Account Executive, Transportation Group, Export Development Canada Stephan Cors, Head of Unit Aviation Risk, Federal Export Credit Guarantee Division, Euler Hermes Kreditversicherungs AG Yves Germeaux, Director Corporate Finance, Cargolux Airlines International S.A. Senior Representative, Airbus 1620 Chairmans closing remarks and close of the conference 12th Annual Asia Pacifc Airfnance Conference Agenda Delegate 1 (please print) Title (Mr/Mrs/Miss/Dr/Other):
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First name: Last name: Position: Company: Address: Postcode: Country: Tel: Fax: Email: 12th Annual Asia Pacifc Airfnance Conference 3rd & 4th November Conrad, Hong Kong Registration Fees Standard Conference Fee US$2299 12th Annual Asia Pacific Airfinance Conference and Asia Pacific School US$6198 Please quote EAE224 on all correspondance Total US$ Delegates The information you have provided will be safeguarded by Euromoney Seminars who will use it to keep you informed of relevant Seminars in the future. Please tick how you would prefer to receive future information Mail Fax Email and fax back this form to +44 (0)20 7779 8603. We may wish to make your details available to sponsors of this particular event, or to other reputable organisations who may wish to contact you. Please tick this box if you would prefer your details to remain confidential and fax back this form to +44 (0)20 7779 8603. Euromoney Seminars is part of the Euromoney Trading Limited, who may also use your data to keep you informed of relevant products and services both domestically and internationally. If you object to being contacted by telephone fax or email in respect of this, please tick the relevant box and fax back this form to +44 (0)20 7779 8603. Administrative Information and Terms & Conditions 5 Easy Ways To Register Online: www.euromoneyseminars.com/APacAF11 Email: registrations@euromoneyasia.com Fax: (HK) +852 2111 1400 / (UK) +44 (0) 20 7779 8603 Telephone: (HK) +852 2842 6995 / (UK) +44 (0) 20 7779 8999 Post: Jason Coles Euromoney Seminars Euromoney Institutional Investor (Jersey) Limited 27/F, 248 Queens Road East Wanchai, Hong Kong Payment Payment can be made in one of four easy ways please tick the appropriate box. Credit card To make a payment by credit card, please call HK +852 2842 6955 / UK+44 (0) 20 7779 8557 or visit www.euromoneyseminars.com to book and pay online. Cheques should be made payable to Euromoney Seminars. A receipted invoice will be sent to all delegates. Payment by Bank Transfer Bank transfer quoting EAE224 Beneficiary: Euromoney Seminars Account No: 808-172159-001 (HKD), 808-172159-201 (USD), 808-172159-276 (GBP) Swift Code: HSBCHKHHHKH HSBC Limited, HSBC Main Building, No. 1 Queens Road, Central, Hong Kong Invoice me (Option not available after 14th October 2011. Instead please visit www.euromoneyseminars.com/APacAF11 to book and pay online.) Please complete and return this form together with a copy of your bank transfer or cheque, payable in US$ to Euromoney Seminars, and send by post or fax to: Euromoney Seminars, Euromoney Institutional Investor (Jersey) Limited , 27/F, 248 Queens Road East , Wanchai, Hong Kong Tel: HK +852 2842 6995, Fax: HK +852 2111 1400 Email: registrations@euromoneyasia.com www.euromoneyseminars.com/APacAF11 Please note that in completing this booking form you undertake to adhere to the cancellation and payment terms listed below. Signature: Date: Approving Manager: Position: Venue Conrad Hong Kong Pacific Place 88 Queensway Hong Kong Tel: +852 2521 3838 Fax: +852 2521 3888 Travel & Accommodation Euromoney Seminars has negotiated a special group rate at the Conrad Hong Kong for conference attendees. Full details will be provided with the joining instructions sent on receipt of booking. If you have any questions in this regard, please contact the registrations team on on (HK) +852 2842 6955 or Email registrations@euromoneyasia.com. Cancellation policy If you cannot attend you must cancel your registration in writing by 14th October 2011 to receive a refund less a 10% administration charge. We cannot accept verbal cancellations. Cancellations received after 14th October 2011 are liable for the full conference fee. We suggest you send a substitute to attend in your place at no extra charge. Registration fee The registration fee includes participation in the conference, lunch and documentation material, which will be distributed at the beginning of the event. All bookings are considered binding on receipt of the booking form. Cannot attend? Please pass this brochure on to a colleague or you can purchase the documentation for US$599 (includes courier despatch). For immediate information on this and related events, please call our hotlines: Telephone: (HK) +852 2842 6995 or (UK) +44 (0) 20 7779 8999 or USA toll free (free from within the USA) (USA) +1 800 437 9997 or (USA) +1 212 224 3570 or alternatively email: hotline@euromoneyplc.com For further information on sponsorship or exhibition opportunities please contact Graham Sherwood, Tel: (UK) +44 20 7779 8857, Email: gsherwood@euromoneyplc.com For speaking opportunities please contact Fan Yeung, Tel: (HK) +852 2842 6905, Email: fan.yeung@euromoneyasia.com