The Aviation Investival New York

Oct 16 - Oct 17, 2019

The Stewart Hotel, United States

The 2019 Aviation Investival North America event brochure just landed!
Browse the full agenda and discover the first wave of industry experts joining our speaker line-up.

WHAT IS THE AVIATION INVESTIVAL NORTH AMERICA?
The only event dedicated to the North American capital market gathers the global aviation finance community of investors, airlines, lessors, asset managers and financiers in New York, October 16th – 17th to share their expertise and build new relationships.

THE AIM? To tackle the most pressing challenges facing the North American capital markets and uncover new innovations and opportunities.

FOCUSSED CONTENT

FIVE STREAMS: The Aviation Investival boasts five content tracks, including a dedicated stream for the North American Capital Market, Wider Markets, Debt stage, Equity Stage and an investor speed dating stream, giving you the freedom to curate a personalised agenda relevant to your needs.

DAY TWO: INVESTOR MASTERCLASS Taking place on Thursday 17th October, Ishka’s dedicated investor workshop is designed to challenge a lack of transparency in the sector head on, and is focused around the educational needs of the more sophisticated North American investors looking to understand the biggest risks impacting investments in the aviation space including; airline defaults, ABS maintenance modelling, which assets are maintenance payers and appraisal values holding up.

NEW IN 2019!

INVESTOR SPEED DATING: Looking to strike up new working relationships at the conference? Take part in our 10 minute speed dating rounds bringing issuers together with carefully selected investors.

INDUSTRY ALL-PLAY: THE ROULETTE RACE Go head-to-head in small groups, answering timely and topical questions on the technical, commercial and strategic, issues and opportunities facing the industry.

ADVANCED INVESTOR WORKSHOP Challenging the lack of transparency in the sector head on, this technical workshop is tailored to sophisticated North American investors looking to understand the biggest risks impacting investments in the aviation space.

AIRLINE KEYNOTE: A CONVERSATION WITH BOEING Hear from Tim Myers, President of Boeing Capital on where the aviation finance market is today, analysing the strength of the US airline market, recent innovations and the regulatory environment.

OVER 90 INSTITUTIONAL INVESTORS ATTENDED IN 2018 INCLUDING:

Book your place before 30th Aug 2019 and save up to $150 with our early bird rate! Click here to register.

	Plenary	Wider Market	Debt stream	Equity stream
09:05	Ishka Welcome Main room 09:05 Main room Ishka Welcome × Next session: A conversation with Boeing – The current state of play for the aviation financing market
09:15	More information A conversation with Boeing – The current state of play for the aviation financing market Tim Myers, President of Boeing Capital gives his view on where the aviation finance market is today, including weathering a downturn, the strength of the US airline market, recent innovations and the regulatory environment. Main room 09:15 Main room A conversation with Boeing – The current state of play for the aviation financing market × Tim Myers, President of Boeing Capital gives his view on where the aviation finance market is today, including weathering a downturn, the strength of the US airline market, recent innovations and the regulatory environment. Next session: The Ishka Gameshow
09:45	More information The Ishka Gameshow Industry heavyweights discuss this year’s hottest issues, stories and innovations in the US aviation finance market. Pride is the prize and the audience is the winner. Main room 09:45 Main room The Ishka Gameshow × Industry heavyweights discuss this year’s hottest issues, stories and innovations in the US aviation finance market. Pride is the prize and the audience is the winner. Steven Udvar-Hazy Chairman Air Lease Corporation Mark Streeter Managing Director, Airline/Aircraft Credit Research J.P. Morgan Donal Boylan Board Of Directors VietJet Air Fraser Chestney Senior Vice President Magi Aviation Capital Next session: Keynote investor panel: Ask me anything Previous session: A conversation with Boeing – The current state of play for the aviation financing market
10:30	Break Main room 10:30 Main room Break × Next session: Keynote investor panel: Ask me anything Previous session: A conversation with Boeing – The current state of play for the aviation financing market
11:15	More information Keynote investor panel: Ask me anything Do you have a question for our investor panel? After a short Q&A delegates will be leading the discussion by asking questions using Slido and roaming mics: How esoteric do US investors view aviation as versus comparative asset classes? Are investors concerned by thinning spreads in the deals? What asset types are the sweet spot for investors? Main room 11:15 Main room Keynote investor panel: Ask me anything × Do you have a question for our investor panel? After a short Q&A delegates will be leading the discussion by asking questions using Slido and roaming mics: How esoteric do US investors view aviation as versus comparative asset classes? Are investors concerned by thinning spreads in the deals? What asset types are the sweet spot for investors? John Beekman Fixed Income Analyst Fidelity Management & Research Andrew Kleeman Managing Director SunLife Investments Next session: Ishka’s Industry All-Play: The Roulette Race Previous session: A conversation with Boeing – The current state of play for the aviation financing market
12:00	More information Ishka’s Industry All-Play: The Roulette Race Delegates will be split into teams and compete against each other in a series of fun industry questions picked by Ishka’s famous roulette wheel. The team with the best response in the allotted times wins. Topics include: alternative aviation assets, lessee credit, quality of appraisals, non-US EETC repeat issuers. Main room 12:00 Main room Ishka’s Industry All-Play: The Roulette Race × Delegates will be split into teams and compete against each other in a series of fun industry questions picked by Ishka’s famous roulette wheel. The team with the best response in the allotted times wins. Topics include: alternative aviation assets, lessee credit, quality of appraisals, non-US EETC repeat issuers. Next session: Keynote airline panel: Encouraging more innovation in market structures Previous session: A conversation with Boeing – The current state of play for the aviation financing market
12:45	Lunch Main room 12:45 Main room Lunch × Next session: Keynote airline panel: Encouraging more innovation in market structures Previous session: A conversation with Boeing – The current state of play for the aviation financing market
14:00	More information Keynote airline panel: Encouraging more innovation in market structures What are potential innovations in the EETC market? Pre-payments, aircraft substitutions etc Evaluating airline appetite for transactions with Japanese investors Will the A220 be core to all US airlines’ fleet in the next ten years? Main room 14:00 Main room Keynote airline panel: Encouraging more innovation in market structures × What are potential innovations in the EETC market? Pre-payments, aircraft substitutions etc Evaluating airline appetite for transactions with Japanese investors Will the A220 be core to all US airlines’ fleet in the next ten years? Kevin Hawkins Director – Capital Markets Delta Air Lines Previous session: A conversation with Boeing – The current state of play for the aviation financing market
	Capital Markets		Wider Market
14:30	More information Investor opportunity constraints; where are the assets? Which assets hit the ‘sweet spot’ for investors looking for ... Main room 14:30 Main room Investor opportunity constraints; where are the assets? × Which assets hit the ‘sweet spot’ for investors looking for returns, and where have these assets gone? What other aviation asset types should investors be looking at? Assessing the availability of excess funds on returns David Andrews Managing Partner Hudson Structured Capital Management Damon D'Agostino Zephyrus Aviation Capital Next session: How real is the tradable e-note market?		More information Have Boeing’s aircraft issues reached their MAX? What if any impact will MAX grounding have on revenue and residual value... Room 2 14:30 Room 2 Have Boeing’s aircraft issues reached their MAX? × What if any impact will MAX grounding have on revenue and residual value in five years? What have airlines done to cover the lack of MAX’s in their fleet? Exploring the effect of Boeing’s NMA on the MAX’s lifespan Richard Hakes Partner, Head of London Aviation Reed Smith Next session: When it comes to NGs and ceos vs neos and MAXs; Is old the ‘new new’?
15:00	More information How real is the tradable e-note market? What is the depth of the market for e-note trades? Why are... Main room 15:00 Main room How real is the tradable e-note market? × What is the depth of the market for e-note trades? Why are lessors still hesitant to trust the market? Depth, requirement for certainty etc Exploring how to inject liquidity into the market; ‘trace’ fees, transparency, depth of secondary market Kumar Velayudham Managing Director Oz Management Joe O'Mara Tax Partner KPMG Previous session: Investor opportunity constraints; where are the assets?		More information When it comes to NGs and ceos vs neos and MAXs; Is old the ‘new new’? Will some issuers’ preference for current gen aircraft continue? Room 2 15:00 Room 2 When it comes to NGs and ceos vs neos and MAXs; Is old the ‘new new’? × Will some issuers’ preference for current gen aircraft continue? Are ESG bonds with new tech aircraft important for US investors? What are the expected returns for older aircraft? How do they compare to neos/MAX’s? Karl Griffin Chief Commercial & Investment Officer Genesis Aircraft Services Kathryn Peters Jackson Square Aviation Previous session: Have Boeing’s aircraft issues reached their MAX?
15:30	Break Main room 15:30 Main room Break × Previous session: A conversation with Boeing – The current state of play for the aviation financing market
	Debt stream	Equity stream		Investor speed dating
16:00	More information Will the ABS market be around in the same size in the next two years? Are the debt markets late cycle? What causes large varianc... Main room 16:00 Main room Will the ABS market be around in the same size in the next two years? × Are the debt markets late cycle? What causes large variances in ABS forecasts, particularly in midlife assets? Can investors trust ABS appraisers who have been hired by banks or lessors? Kevin MacLeod Shareholder, Head of the New York Capital Markets Group Vedder Price	More information How dynamic is the Japanese equity market? Exploring innovations in the JOL/JOLCO market, and how deep the market i... Room 2 16:00 Room 2 How dynamic is the Japanese equity market? × Exploring innovations in the JOL/JOLCO market, and how deep the market is; JOLCO + ABS, JOLCO + AFIC, JP Lease Succession planning: is Japan a demographically unique spot? Expanding JOL asset horizons; what assets are JOL investors looking at? Gary Fitzgerald CEO Stratos Ali Ben Lmadani CEO ABL Aviation Teiji Ishikawa CEO JP Lease Products and Services		More information Investor Speed Dating Looking to strike up working relationships on the day? Pre-book your sp... Room 3 16:00 Room 3 Investor Speed Dating × Looking to strike up working relationships on the day? Pre-book your spot and take part in 10-minute speed dating rounds with each of our carefully selected investors, moving from one to the next as the bell rings.
	Debt stream		Equity stream
16:30	The Ishka Debate: “This house believes thinning spreads will reduce investor dem... Main room 16:30 Main room The Ishka Debate: “This house believes thinning spreads will reduce investor demand for aviation and hinder the growth of lessors”. Do you agree? × Mark Streeter Managing Director, Airline/Aircraft Credit Research J.P. Morgan Previous session: Will the ABS market be around in the same size in the next two years?		The Ishka Debate: “This house believes public equity opportunities offer better ... Room 2 16:30 Room 2 The Ishka Debate: “This house believes public equity opportunities offer better relative value than private equity.” Do you agree? × Previous session: How dynamic is the Japanese equity market?
17:00	Ishka awards Best American Airline followed by short Q&A Main room 17:00 Main room Ishka awards Best American Airline followed by short Q&A × Previous session: A conversation with Boeing – The current state of play for the aviation financing market
17:10	Conference after-party and networking drinks Main room 17:10 Main room Conference after-party and networking drinks × Previous session: A conversation with Boeing – The current state of play for the aviation financing market

	Plenary
09:30	More information Airlines will default, but how were recent airline bankruptcies really dealt with? Case-study led session, exploring the fallout of recent airline bankruptcies (Avianca Brazil, Jet Airways): How well did the industry soak up the aircraft? Did lessor ratings hold true? What were the jurisdictional sensitivities? The impact on demand/supply balance; what will happen if we see an economic contraction? Exploring lessons learned Main room 09:30 Main room Airlines will default, but how were recent airline bankruptcies really dealt with? × Case-study led session, exploring the fallout of recent airline bankruptcies (Avianca Brazil, Jet Airways): How well did the industry soak up the aircraft? Did lessor ratings hold true? What were the jurisdictional sensitivities? The impact on demand/supply balance; what will happen if we see an economic contraction? Exploring lessons learned Next session: ABS maintenance modelling; Improving the accountability of forecast accuracy:
10:15	More information ABS maintenance modelling; Improving the accountability of forecast accuracy: Providing transparency on what causes variance in ABS forecasts, and what are the differences in risk between working with issuers vs working independently for investors Intex and DealVector: Who are they, how do their models differ and is one superior? Main room 10:15 Main room ABS maintenance modelling; Improving the accountability of forecast accuracy: × Providing transparency on what causes variance in ABS forecasts, and what are the differences in risk between working with issuers vs working independently for investors Intex and DealVector: Who are they, how do their models differ and is one superior? Next session: Priced to perfection: Have appraisals held up in the current sellers’ market? Previous session: Airlines will default, but how were recent airline bankruptcies really dealt with?
11:00	Break Main room 11:00 Main room Break × Next session: Priced to perfection: Have appraisals held up in the current sellers’ market? Previous session: Airlines will default, but how were recent airline bankruptcies really dealt with?
11:30	More information Priced to perfection: Have appraisals held up in the current sellers’ market? Analysis of how appraisals have stacked up relative to expectations in the past few years, focusing on: Residual values by age of aircraft; new, midlife, end of life/part out Whether aircraft sale values incorporate transition costs (re-leases) Level of understanding required for the trading of the assets Main room 11:30 Main room Priced to perfection: Have appraisals held up in the current sellers’ market? × Analysis of how appraisals have stacked up relative to expectations in the past few years, focusing on: Residual values by age of aircraft; new, midlife, end of life/part out Whether aircraft sale values incorporate transition costs (re-leases) Level of understanding required for the trading of the assets Next session: How to maintain long term value for used widebody market; looking at: Previous session: Airlines will default, but how were recent airline bankruptcies really dealt with?
12:00	More information How to maintain long term value for used widebody market; looking at: Volume increase of aircraft coming on market Lessor mix Simplifying transitions and trading Engine OEM actions – CareStore, LessorCare with LifeKey vs GE growing control of aftermarket Main room 12:00 Main room How to maintain long term value for used widebody market; looking at: × Volume increase of aircraft coming on market Lessor mix Simplifying transitions and trading Engine OEM actions – CareStore, LessorCare with LifeKey vs GE growing control of aftermarket Next session: Understanding which assets are maintenance payers and which are not Previous session: Airlines will default, but how were recent airline bankruptcies really dealt with?
12:30	More information Understanding which assets are maintenance payers and which are not Outlining which airlines/assets pay maintenance reserves The relevance of maintenance reserves for investors Evaluating what ‘full life’ means today; heavy maintenance check and new engines or economic top up? Main room 12:30 Main room Understanding which assets are maintenance payers and which are not × Outlining which airlines/assets pay maintenance reserves The relevance of maintenance reserves for investors Evaluating what ‘full life’ means today; heavy maintenance check and new engines or economic top up? Bryson Monteleone Senior Advisor \| Aviation Finance Advisory Services PricewaterhouseCoopers ( PwC ) Previous session: Airlines will default, but how were recent airline bankruptcies really dealt with?
13:15	End of Workshop Day Main room 13:15 Main room End of Workshop Day × Previous session: Airlines will default, but how were recent airline bankruptcies really dealt with?

James Meyler

CEO HK

Orix Aviation

Elena Serdyuk

Director

New York Life Investors

Eamonn Forbes

Chief Commerical Officer

FPG Amentum

Daniel Krup

Managing Director

Beach Point Capital

Lee Roulston

Finance Business Partner

Rolls-Royce

Stuart Rubin

ICF SH&E Limited

Doug Winter

Aircastle

Bob Bengtson

Vice President, Credit Products Group

Goldman Sachs

Will Eustis

Managing Director

Wells Fargo Securities, LLC

Timothy Myers

Boeing Capital Corporation

Kevin Hawkins

Director – Capital Markets

Delta Air Lines

Donal Boylan

Board Of Directors

VietJet Air

Nate Riggs

SVP Commerical

Aergo Capital

Fraser Chestney

Senior Vice President

Magi Aviation Capital

Kathryn Peters

Jackson Square Aviation

Damon D'Agostino

Zephyrus Aviation Capital

Richard Hakes

Partner, Head of London Aviation

Reed Smith

Kevin MacLeod

Shareholder, Head of the New York Capital Markets Group

Vedder Price

Teiji Ishikawa

CEO

JP Lease Products and Services

Mark Streeter

Managing Director, Airline/Aircraft Credit Research

J.P. Morgan

Andrew Kleeman

Managing Director

SunLife Investments

John Beekman

Fixed Income Analyst

Fidelity Management & Research

Steven Udvar-Hazy

Chairman

Air Lease Corporation

Joe O'Mara

Tax Partner

KPMG

Kumar Velayudham

Managing Director

Oz Management

Ronan Murphy

Director

Merx Aviation Finance

Bryson Monteleone

Senior Advisor | Aviation Finance Advisory Services

PricewaterhouseCoopers ( PwC )

David Andrews

Managing Partner

Hudson Structured Capital Management

Karl Griffin

Chief Commercial & Investment Officer

Genesis Aircraft Services

Ali Ben Lmadani

CEO

ABL Aviation

Gary Fitzgerald

CEO

Stratos

Investor/Airline Registration

Complimentary conference passes are available to airlines and instiutional investors (subject to approval by Ishka)

Any questions or for more information, please contact Harriet Coates
[email protected]
+44 (0)203 189 4597

The Stewart Hotel

371 7th Ave

New York, United States

Event enquiries

Phone: +44 (0)203 1894597

Email: [email protected]

The Aviation Investival New York

Ishka Welcome

A conversation with Boeing – The current state of play for the aviation financing market

The Ishka Gameshow

Break

Keynote investor panel: Ask me anything

Ishka’s Industry All-Play: The Roulette Race

Lunch

Keynote airline panel: Encouraging more innovation in market structures

Investor opportunity constraints; where are the assets?

Have Boeing’s aircraft issues reached their MAX?

How real is the tradable e-note market?

When it comes to NGs and ceos vs neos and MAXs; Is old the ‘new new’?

Break

Will the ABS market be around in the same size in the next two years?

How dynamic is the Japanese equity market?

Investor Speed Dating

The Ishka Debate: “This house believes thinning spreads will reduce investor dem...

The Ishka Debate: “This house believes public equity opportunities offer better ...

Ishka awards Best American Airline followed by short Q&A

Conference after-party and networking drinks

Airlines will default, but how were recent airline bankruptcies really dealt with?

ABS maintenance modelling; Improving the accountability of forecast accuracy:

Break

Priced to perfection: Have appraisals held up in the current sellers’ market?

How to maintain long term value for used widebody market; looking at:

Understanding which assets are maintenance payers and which are not

End of Workshop Day

The Stewart Hotel

Event enquiries

@IshkaTeam

Ishka Insight reports

The Aviation Investival New York

founding partner

Ishka Welcome

A conversation with Boeing – The current state of play for the aviation financing market

The Ishka Gameshow

Break

Keynote investor panel: Ask me anything

Ishka’s Industry All-Play: The Roulette Race

Lunch

Keynote airline panel: Encouraging more innovation in market structures

Investor opportunity constraints; where are the assets?

Have Boeing’s aircraft issues reached their MAX?

How real is the tradable e-note market?

When it comes to NGs and ceos vs neos and MAXs; Is old the ‘new new’?

Break

Will the ABS market be around in the same size in the next two years?

How dynamic is the Japanese equity market?

Investor Speed Dating

The Ishka Debate: “This house believes thinning spreads will reduce investor dem...

The Ishka Debate: “This house believes public equity opportunities offer better ...

Ishka awards Best American Airline followed by short Q&A

Conference after-party and networking drinks

Airlines will default, but how were recent airline bankruptcies really dealt with?

ABS maintenance modelling; Improving the accountability of forecast accuracy:

Break

Priced to perfection: Have appraisals held up in the current sellers’ market?

How to maintain long term value for used widebody market; looking at:

Understanding which assets are maintenance payers and which are not

End of Workshop Day

The Stewart Hotel

Event enquiries

Thank you for your interest in The Aviation Investival New York.

Thank you for your interest in .

@IshkaTeam

Ishka Insight reports