17 June 2021
Stream

European Travel Forecast - Live Q&A

Jennifer Iduh
Head of Research,
European Travel Commission

Underpinned by industry-leading research, this presentation looks at Europe's prospects of a return to travel normality.

Underpinned by industry-leading research, this presentation looks at Europe's prospects of a return to travel normalecy.

Stream

Coffee Break

Grab a quick coffee break before the next session.

Stream

Risks and restructurings: Is “the worst behind us”? | LIVE Q&A

Mark Degnan
Partner,
Deloitte Ireland
Moderator
Richard Sharman
Partner,
Bird & Bird

How healthy are carriers now? Are more airlines restructurings likely? How can /should lessors prepare for the rest of 2021 and 2022? How aggressive have airlines been in cutting costs and reducing leases? Have restructurings been successful in creating more viable airlines?

  • How healthy are carriers now? Are more airlines restructurings likely?

  • How can /should lessors prepare for the rest of 2021 and 2020? 

  • How aggressive have airlines been in cutting costs and reducing leases?

  • Have restructurings been successful in creating more viable airlines?  

Stream

All in the detail: Understanding lessor pricing model platforms

Tim O'Connell
Partner,
Grant Thornton Ireland

1. Technical stipulations – A look at critical technical elements, including inter-relationships between qualifying events, MTBR adjustments and agility/flexibility around LLP stack replacement. 2. Contractual stipulations – Discussing structure to support nuances that exist within these contracts. 3. Commercial aspects – While the contract may place certain obligations on the Lessee, the model needs to cater for the commercial realities that often take place.

  • What are the changes in step pricing? What has changed in terms of standard practice?

  • Aircraft values, future maintenance events, cashflows, lease rates, what if scenarios

  • Maximising return & Limiting exposure

  • Deal Appraisal

Stream

Investor briefing: What’s the likely demand for new freighter conversions? | LIVE Q&A

Hiran Perera
Senior Vice President - Freighters,
Emirates
Marc Iarchy
Partner,
World Star Aviation
Moderator
Erik Goedhart
Senior Vice President, Aerospace,
Kuehne + Nagel

A forward look at the freighter market At what price point does it make sense to convert narrowbodies? What do returns look like? How long is the queue now for conversion slots? The outlook for cargo demand. Are too many lessors chasing freighter conversions?


  • At what price point does it make sense to convert narrowbodies?

  • What do returns look like?

  • How long is the queue now  for conversion slots?

  • The outlook for cargo demand. 

  • Are too many lessors chasing freighter conversions?

Stream
Stream

Ishka bitesize: Taxation of leasing platforms

Joe O'Mara
Tax Partner,
KPMG Ireland

What would a worldwide tax minimum hike mean for aviation hubs? Will that end the ‘race to the bottom’? What does the EU Anti-Tax Avoidance Directive mean for restrictions on tax deductibility of interest? An update on the latest ongoing consultations

  • What would a worldwide tax minimum hike mean for aviation hubs? Will that end the ‘race to the bottom’? 

  • What does the EU Anti-Tax Avoidance Directive mean for restrictions on tax deductibility of interest? 

  • An update on the latest ongoing consultations

Stream

Mid-life aircraft and the ESG challenge | LIVE Q&A

Michael Helaby
Principal,
Halaby Aero
Christine Rovelli
Senior Vice President - Finance & Fleet Management,
Finnair

Will banks demand a premium for financing older aircraft or seek to impose restrictions on warehouse facilities? Could environmental concerns alone erode residual values for older assets? Are mid-life assets likely to be “phased out” of investor portfolios? How will emissions calculators and new industry standards impact older aircraft values?

  • Will banks demand a premium for financing older aircraft or seek to impose restrictions on warehouse facilities? 

  • Could environmental concerns alone erode residual values for older assets?  

  • Are mid-life assets likely to be “phased out” of investor portfolios?

  • How will emissions calculators and new industry standards impact older aircraft values?

Stream

Coffee Break

Grab a tea or coffee before the final sessions.

Stream

Airline restructuring: Understanding the experience of different carriers | LIVE Q&A

Rene Armas Maes
Vice President Commercial and Associate,
MIDAS Aviation
Felix Antelo
President & CEO,
Viva Group
Esteban Lorda
Fleet Manager,
GOL Airlines
Moderator
Michael Cox
Senior Managing Director,
Seabury Securities

Given the cost advantages that Ultra Low Cost Carriers have over Full Service Carriers, what are investors expecting in terms of Cost of Available Seat-Kilometer reduction when exiting Chapter 11? What are airlines’ own expectations? From the initial cost cutting plan, what cost targets have been achieved and which have not? Why haven’t they been reached? What were the key takeaways from the negotiation process with lessors?

  • What are the top three results in terms of cost reduction from the current restructuring process? 

  • Given the cost advantages that Ultra Low Cost Carriers have over Full Service Carriers (usually between 40% to 50%), what are investors expecting in terms of Cost of Available Seat-Kilometer reduction when exiting Chapter 11? What are airlines’ own expectations? 

  • From the initial cost cutting plan, what cost targets have been achieved and which have not? Why have not been reached yet and what would you do differently if you have a second opportunity?

  • What were the key takeaways from the negotiation process with lessors? 

16 June 2021
Stream

The price is right: How are aircraft values heading into H2? | LIVE Q&A

Eddy Pieniazek
Principal Advisor,
Ishka
Olga Razzhivina
Director & Senior ISTAT Appraiser,
ORIEL
Moderator
Bill Cumberlidge
Managing Director,
Centrus Aviation Capital

Examining Ishka’s Q2 Pricing Benchmarking report What are key near-term trading prospects? Is there any update within the young narrowbody space? Which aircraft will remain in storage indefinitely? Are any asset type values recovering faster than expected?

  • Examining Ishka’s Q2 Pricing Benchmarking report

  • What are key near-term trading prospects?

  • Is there any update within the young narrowbody space? 

  • Which aircraft will remain in storage indefinitely? 

  • Are any asset type values recovering faster than expected?

Stream

Coffee Break

A quick break in the programme to grab a coffee

Stream

Investor gameshow: Take It or Leave It

Donal Boylan
Non-Executive Director,
VietJet Air
Edward Hansom
Chief Investment Officer,
Sirius Aviation Capital
Anne-Bart Tieleman
Chief Executive Officer,
TrueNoord
Moderator
Kieran O'Keefe
Chief Investment Officer,
ALAFCO Aviation Lease & Finance Company

An all star panel of aviation experts will be presented with a range of aircraft portfolios. They will then decide what to do with them. Will they Take It or Leave It?

An all star panel of Chief Investment Officers will be presented with a range of aircraft portfolios. They will then decide what to do with them. Who will get the biggest return?

Stream

Stretch break

Get up from the desk and have a stretch.....or alternatively you could head over to our sponsor pages and check out a variety of videos and other insightful material.

Stream

Engine shop capacity and appetite | LIVE Q&A

Bobby Janagan
CEO,
Rolls-Royce & Partners Finance
Julie Dickerson
CEO,
Shannon Engine Support, Ltd. (SES)
Joe Hussar
Executive Vice President – Head of Portfolio,
Engine Lease Finance Corporation
Anne Brachet
Executive Vice President - Engineering & Maintenance,
Air France-KLM
Dietmar Focke
Vice President Engine Services,
Lufthansa Technik
Frank Walschot
CEO,
HAECO
Roger Welaratne
CEO,
SMBC Aero Engine Lease
Moderator
Tom Slattery
Executive Vice President,
GECAS Engines

Can engine shops handle a surge in demand as airlines start flying again? Will this affect pricing? Where does the engine leasing business sit at the start of an up-turn? Are we seeing tighter bids for engines from with investors and MRO shops? If so, for which types? Which engine assets are not seeing any form of recovery yet?

  • Can engine shops handle a surge in demand as airlines start flying again? Will this affect pricing?

  • Where does the engine leasing business sit at the start of an up-turn? 

  • Are we seeing tighter bids for engines from with investors and MRO shops? If so, for which types? 

  • Which engine assets are not seeing any form of recovery yet? 

Stream

Take 5 Break

Take 5 to grab a tea or coffee before the next session.

Stream

Tear down: What does the part out market tell us about aircraft asset values | LIVE Q&A

Sharon Green
CEO,
GECAS Materials
Steve Williamson
Senior Vice President - Acquisitions & Trading,
Contrail Aviation Support, Inc.
Máximo Gainza
VP Market Strategy,
AerFin Limited
Moderator
Tony Whitty
EVP - Remarketing &ACMI,
AIR PARTNER

Where is the value for the part out market currently? Which aircraft types are being parted out? Are there any surprises? Is the age of teardown candidates noticeably younger than pre-pandemic? When should part out companies start stocking up for a rise in demand?

  • Where is the value for the part out market currently?

  • Which aircraft types are being parted out? Are there any surprises? 

  • Is the age of teardown candidates noticeably younger than pre-pandemic?

  • When should part out companies start stocking up for a rise in demand?

Stream

Tea Break

Take 5 to grab a tea or coffee before the next session.

Stream

Discussing the fleet of the future: What’s next for the OEMs? | LIVE Q&A

Riku Aho
Vice President, Fleet Management,
Finnair
Andrew Shankland
Executive Director,
Plane View Partners
Steve Mason
Head of OEM,
Avolon
Moderator
Bert van Leeuwen
Head of Aviation Research,
MUFG

Tackling the widebody conundrum: When will airline demand for twin-aisle pick up? Will narrowbodies like the Airbus A321 XLR be a suitable replacement for many longer distance routes? Is it better to diversify your fleet for different passenger loads or does the LCC single aircraft type model prove most advantageous? How does the industry view the competition between A321 and 737 MAX-10?

  • What will future production rates be? How will these affect market dynamics with the existing excess of aircraft? 

  • The widebody conundrum: When will airline demand for twin-aisle pick up? Will narrowbodies like the Airbus A321 XLR be a suitable replacement for many longer distance routes?  

  • Is it better to diversify your fleet for different passenger loads or does the LCC single aircraft type model prove most advantageous?

  • How does the industry view the competition between A321 and 737 MAX-10?

  • How will Boeing compete with the A321-XLR? What will their response or lack of response mean for the market and financiers?

15 June 2021
Stream

Ishka Introduction

Dean Forrester
Head of Production,
Ishka

Hear the opening remarks from the Ishka producer who created the summit.

Hear the opening remarks from the Ishka producer who created the summit.

Stream

Aviation industry update: Is there a data-driven case for optimism?

Brian Pearce
Chief Economist,
IATA

Understand what we can learn from lessor collection rates and RPK for the year so far. What is an optimistic and cautious timeline for the industry recovery as of June 2021?

  • What is an optimistic and cautious timeline for the industry recovery as of June 2021?

  • Do lessor collection rates indicate anything?

  • Will airlines have the liquidity to get through the cash burn and turn cash positive?

  • What is the story in RPK and travel data for the year so far? 

  • Are MRO shop bookings indicating a return to service for most airlines?

  • Can previous forecast revisions give us a more nuanced view of the months ahead?

Stream

Coffee Break

Grab a quick tea or coffee before settling in again for the next session.

Grab a quick tea or coffee before settling in again for the next session.

Stream

Lessor consolidation: How will mega lessors change the industry? | LIVE Q&A

Hal Calamvokis
Director, Aviation Finance,
Standard Chartered
Shane Matthews
Head of Strategic and Market Analysis,
SMBC Aviation Capital
Moderator
Declan Kelly
Independent Consultant,
Aircraft Leasing Ireland

Are more lessor consolidations on the horizon? What does the market look like for non-investment grade lessors? How does the size of the lessor affect their appeal to airlines? Could mega lessors hoover up all the business? Is there scope for fragmentation rather than consolidation with new players? Ultimately, will market shifts lead to more or less investors in the space? What is the impact of that?

  • Are more lessor consolidations on the horizon?

  • What does the market look like for non-investment grade lessors?

  • How does the size of the lessor affect their appeal to airlines? Could mega lessors hoover up all the business?

  • Is there scope for fragmentation rather than consolidation with new players? 

  • Ultimately, will market shifts lead to more or less investors in the space? What is the impact of that? 

Stream

Coffee Break

A great chance to grab a drink or take a look at our sponsor pages.

A great chance to grab a drink or take a look at our sponsor pages.

Stream

Follow the money: Who will finance the aviation recovery? | LIVE Q&A

Bob Morin
Managing Director,
AFIC
Ronan Kelleher
Chief Financial Officer,
AMCK Aviation
Benjamin Faires
Finance Director - Asia,
Boeing
Anyi Lee
Director - Global Structured Debt,
Citi
Moderator
Dickon Harris
Editor,
Ishka

What do delivery profiles look like over the next 3 to 4 years? How much money is needed and how much will it cost? Assessing the general availability of non-recourse bank debt and other financing options for leasing platforms Will there be a resurgence of OEM financing? How much will ECAs and private supported finance be involved? Do lessors expect to do any financing? What return do investors expect? Is there enough long term visibility to start lending further down the credit spectrum?

  • What do delivery profiles look like over the next 3 to 4 years? How much money is needed and how much will it cost? 

  • Assessing the general availability of non-recourse bank debt and other financing options for leasing platforms 

  • Will there be a resurgence of OEM financing? How much will ECAs and private supported finance be involved? 

  • Do lessors expect to do any financing?

  • What return do investors expect? 

  • Is there enough long term visibility to start lending further down the credit spectrum? 

Stream

Stretch Break

Have a quick stretch to keep the blood pumping. Or alternatively head over to the delegate list via the main menu and see who you might want to connect with.

Have a quick stretch to keep the blood pumping. Or alternatively head over to the delegate list via the main menu and see who you might want to connect with. 

Stream

Heating up: Is the SLB market now starting to normalise? | LIVE Q&A

Christian Schloemann
Managing Director,
KGAL
Pat Madigan
Head of Commercial,
Genesis Aircraft Services
Jeff Lewis
Senior Vice President,
Fortress Investment Group
Moderator
Dickon Harris
Editor,
Ishka

How are new SLB transactions pricing over the last 12 months? Has this changed much over the pandemic? Has there been an uplift in yield? What is the deal pipeline looking like? How comp etitive is the market and are all lessors competing? Have terms for new SLB deals changed at all?

  • How are new SLB transactions pricing over the last 12 months?     

  • Has this changed much over the pandemic? Has there been an uplift in yield?     

  • What is the deal pipeline looking like? 

  • How competitive is the market and are all lessors competing?     

  • Have terms for new SLB deals changed at all?

Stream

Aircraft trading: Are prices picking up? | LIVE Q&A

Sarah Conway
Senior Vice President Marketing,
Deucalion
John Leenane
Head of Trading,
CDB Aviation
Nathan Riggs
Chief Commercial Officer,
Aergo Capital
Moderator
Aisling McCarthy
Strategic Advisor,
Avionix Management Limited

What types of portfolios are being presented to investors? How deep is the list of potential buyers? Are sellers willing to discount book value and accept market price? Are we seeing the predicted surge of discounted assets hit the market?

  • What types of portfolios are being presented to investors?

  • How deep is the list of potential buyers? 

  • Are sellers willing to discount book value and accept market price? 

  • Are we seeing the predicted surge of discounted assets hit the market?

  • Has the content of portfolios changed to reflect a shift in investment focus from older technology assets to new?

Stream

Take 5 Break

Take a quick break, or if you missed an earlier session have a look at the agenda page where you can watch everything back on demand at your leisure.

Take a quick break, or if you missed an earlier session have a look at the agenda page where you can watch everything back on demand at your leisure.

Stream

Remarketing tips: Current challenges and opportunities | LIVE Q&A

Paul Briggs
Consultant,
Bird & Bird
Philipp Myckert
Head of Sales & Marketing,
GOAL Aircraft Leasing
Shoro Ryu
Senior Vice President - Business Development and Marketing,
Arena Aviation Capital
Moderator
Russell Hubbard
Managing Director,
RPK Capital

Ishka asks a selection of the industry’s best remarketers about the current market.

Ishka asks a selection of the industry’s best remarketers about the current market.

Stream

Take 5 Break

A quick break to recharge before the final sessions of the day.

A quick break to recharge before the final sessions of the day.

Stream

China's recovery: The leasing market view

Benjamin Wong
Head of Transportation, Infrastructure and Advanced Manufacturing,
Invest HK
Johnny Lau
Chief Consultant Aviation Business Services/CEO,
PwC

A fireside chat disucssing the outlook of lessors in China.

Stream

Trading: GATS Covid Update

Scott Rosevear
Senior Vice President - Legal Counsel,
UMB Bank
Dominic Pearson
Partner,
Watson Farley & Williams LLP
Moderator
Eric Morgan
SVP Business Development,
UMB Bank

Since launch has the platform been successful? Do airlines have enough incentive to participate? How are people getting comfortable with the platform? How much trading activity has there been to date and what has happened throughout the pandemic? Have there been unseen benefits/downfalls in the system? What is the strategy going forward?

Brief GATS overview and how it’s intended to work

  • Since launch has the platform been successful?
  • Do airlines have enough incentive to participate?
  • How are people getting comfortable with the platform?
  • How much trading activity has there been to date and what has happened throughout the pandemic? 
  • Have there been unseen benefits/downfalls in the system?
  • What is the strategy going forward?