Investing in Aviation Finance & Infrastructure: Europe

Ishka London Digital webcast series

2020

ISHKA LONDON DIGITAL: Free webcast series

We want to stay connected during these turbulent times. So, we have six free Ishka London Digital webinars alongside some of our key speakers to view at your leisure until Ishka World Tour: Virtual Aviation Finance Networking Series (12th - 23rd October).

Due to the impact of Covid-19 and the welfare of our delegates and Ishka personnel and travel restrictions, we will not be hosting a face to face event this year. However, we are delighted to announce that Investing in Aviation Finance & Infrastructure: Europe is now an integral part of our exciting Ishka World Tour!

The Markets and Aviation: Today and The New World
A ‘work-from-home’ chat with Bill Blain (45 minutes)

WEBCAST 1

The first event in the series explores:

Are the global financial markets reacting, or over-reacting to Covid-19?
How will the different aviation counterparties be impacted by Covid-19? (OEMs, airlines, and investors)
What will the investor demand for aviation look like in the future?
How to do deals in light of airline bankruptcies and shifting aircraft values
Where can the industry find opportunity and optimism from this ‘black swan’ event?

REQUEST RECORDING >>

Bill Blain
Strategist & Head of Alternative Assets, Shard Capital

Chris Keene
Sales Manager
Ishka

Aircraft Values and Lease Rates - What happens next:
Pointers, Guidelines and Indicators as observed from Olga and Eddy’s ‘Flight Deck’

WEBCAST 2

Olga and Eddy discuss:

Values and lease rates: how appraisers are viewing the current market
What has been the impact of global grounding on airlines, aircraft, lessors/owners so far?
Is the industry seeing a transaction ‘vacuum’?
What deals are still trying to happen in the current climate?
The appraisers view: how to interpret ‘nothing happening’ when ‘everything is happening’
What aircraft types will bounce back first, and which will be slow to return, if ever?
What might March 2021 look like?

REQUEST RECORDING >>

Olga Razzhivina
Senior ISTAT Appraiser
Oriel

Eddy Pieniazek
Head of Advisory
Ishka

COVID-19 and the Changing Role of Aviation Institutions
The Experts' View

WEBCAST 3

Dick and Bill discuss:

How are lessors roles and relationships changing in the current Covid-19 environment?
What are the opportunities for large-scale institutional investors?
How are the OEMs expected to respond to excess capacity in the market?
Boeing MAX issue; what happens now?
What will the MRO capacity and response be in a post Covid-19 ‘new world’?

REQUEST RECORDING >>

Dick Forsberg
Senior External Advisor
PwC

Bill Cumberlidge
Managing Director
Centrus Aviation Capital

The Airline Game Plan for 2020
The Only Way Is Up

WEBCAST 4

Eddy and Sid discuss:

How are airlines managing their liquidity positions?
What fleet plans are already being made in response to Covid-19?
Airline Q1 results – what should the industry expect to see?
Flying in the Age of Corona – the shape of things to come?

REQUEST RECORDING >>

Eddy Pieniazek
Head of Advisory
Ishka

Siddharth Narkhede
Analyst
Ishka

Aviation Finance: Near-term Bumps and Understanding the Recovery
A review of the current financing climate

WEBCAST 5

Hal and Bert discuss:

Examining the best approach for forecasting a Covid-19 recovery
Are ECAs expected to play a bigger role now?
What pressures do the OEMs face?
How will lessors fund themselves post Covid-19?
Which aircraft assets will benefit first and most through recovery?

REQUEST RECORDING >>

Hal Calamvokis,
Director, Aviation Finance,
Standard Chartered Bank

Bert van Leeuwen
MD, Head of Aviation Research,
MUFG

Airline and Consumer Confidence
What are schedules and bookings telling us about 2020 and 2021?

BONUS: WEBCAST 6

John and George discuss:

Airline capacity: Have we hit the bottom yet?
Green shoots: When are airlines scheduling capacity?
Airline response - the signals: Is there a drive for yield or load factor?
Consumer confidence - the voice of the travel industry
- What does the data tell the market about travel in 2020/2021

REQUEST RECORDING >>

John Grant
Partner
Midas Aviation

George Hastings
Managing Director
Ocean Holidays

↵

INVESTOR SURVEY: Free download

The Ishka Aviation Institutional Investor Survey 2020

Produced in 2020, just before the COVID-19 crisis went global, Ishka's new, landmark Aviation Institutional Investor Survey addresses the paucity of knowledge about institutional investor views and their investment strategies.

75 investors actively involved in aviation completed the survey and findings are enriched with expert analysis from Ishka's trsuted advisory team. The report highlights market fundamentals and investor trends that could reappear when we emerge from our current deadlock.

To download your free copy, just fill in the 'INVESTOR SURVEY' form at the top of this page (overlaying the header image).

Adam Davidson

Executive Vice President, Business Development and Capital Markets

Aero Capital Solutions

Leslie Kurshan

Head of Product Development

Marsh UK

Lourens Geldenhuys

Corporate Finance Director

Stratos

Josien Piek

Head of EMEA

GRESB

Aymeric Angotti

Head of Aircraft Finance

Ostrum Asset Management

David Broderick

Head of Commercial Development

Cafico International

Mike Jones

SVP – Investor Relations

GE Capital Aviation Services (GECAS)

Christian Schulz

Economist, Director

Citi

Finnian O'Neill

Managing Director Pricing & Debt

ABL Aviation

Siddharth Narkhede

Analyst

Ishka

Michel Dembinski

Senior Finance Executive - Aviation and Asset Finance

some

Pierre Kahn

Head of Infrastructure & Energy, EMEA

Deutsche Bank

Nick Hendy

EMEA Aviation Corporate Banking

Citi

Simon Whistler

Senior Specialist

Principles for Responsible Investment

Kostya Zolotusky

Piiq Risk Partners

Christian Wolff

Director

Helaba (Landesbank Hessen-Thueringen)

Patrick den Elzen

Managing Director

Arena Aviation Capital

David Smilow

Managing Partner

ITE Management

Zaki M Nuseibeh

Executive Director

Aeon Investments

Richard Moody

Managing Director, Global Co-Head Transportation, Infrastructure & Energy

Deutsche Bank

Bertrand Grabowski

Senior Strategic Advisor

Fred Browne

CEO

Aergo Capital

Mark Rogers

Managing Director

Floreat Aviation Capital

Dick Forsberg

Commercial Aircraft Leasing and Strategy Professional

Bill Cumberlidge

Managing Director

Centrus Aviation Capital

Bryn Jones

Head of Fixed Income

Rathbone Brothers

Amit Tyagi

Chief Technical Officer

Acumen Aviation Consultants

Kevin MacLeod

Head of the New York Capital Markets

Vedder Price

Scott Holland

VP Regional Marketing

Rolls-Royce & Partners Finance

Bobby Janagan

Managing Director

Rolls-Royce & Partners Finance

Edward Connolly

SVP Capital Markets

Engine Lease Finance Corporation

Richard Barnett

Managing Director

Castlelake

Joseph McGinley

Head of Investor Relations

Aercap

Colin McGinlay

Director, Private Placements

MetLife, Inc

Karl Essig

Partner

AgFe

Matt Taylor

Senior Investment Manager - Corporate Private Credit

L&G IM

Bill Blain

Strategist & Head of Alternative Assets

Shard Capital

Eddy Pieniazek

Head of Advisory

Ishka

Michael Rodyniuk

Vice President - Specialty Assets

Willis Lease Finance Corp

Dr Tom Parkman

Head of Research Projects

Olga Razzhivina

Senior ISTAT Appraiser

ORIEL

Kieran O'Brien

Partner

KPMG

	Main
09:00	Registration Impressive suite 09:00 Impressive suite Registration × Next session: The big picture: Aviation finance and the leasing landscape
09:30	More information The big picture: Aviation finance and the leasing landscape How is capital flowing into the space and where can investors participate? Impressive suite 09:30 Impressive suite The big picture: Aviation finance and the leasing landscape × How is capital flowing into the space and where can investors participate? Next session: Precious metal: How to understand aircraft as an investment class
10:15	More information Precious metal: How to understand aircraft as an investment class A takeaway of the typical costs and returns for a leased aircraft equity investor Old vs new aircraft tech: Examining the current depreciation debate Aircraft transition costs and how that impacts IRRs Impressive suite 10:15 Impressive suite Precious metal: How to understand aircraft as an investment class × A takeaway of the typical costs and returns for a leased aircraft equity investor Old vs new aircraft tech: Examining the current depreciation debate Aircraft transition costs and how that impacts IRRs Next session: Extracting value in alternative aviation asset classes: Regional jets, turboprops, engines Previous session: The big picture: Aviation finance and the leasing landscape
10:45	Break Impressive suite 10:45 Impressive suite Break × Next session: Extracting value in alternative aviation asset classes: Regional jets, turboprops, engines Previous session: The big picture: Aviation finance and the leasing landscape
11:15	More information Extracting value in alternative aviation asset classes: Regional jets, turboprops, engines Exploring: Size of the market Levels of liquidity Risk return profile Different asset types available to investors Impressive suite 11:15 Impressive suite Extracting value in alternative aviation asset classes: Regional jets, turboprops, engines × Exploring: Size of the market Levels of liquidity Risk return profile Different asset types available to investors Michael Rodyniuk President & CEO West Wind Aviation Scott Holland VP Regional Marketing Rolls-Royce & Partners Finance Next session: Worst and best picks: Bankers and lessors reveal the highs and lows of investing in aviation Previous session: The big picture: Aviation finance and the leasing landscape
12:00	More information Worst and best picks: Bankers and lessors reveal the highs and lows of investing in aviation How to navigate common pitfalls of investing in aircraft Portfolio type, age, residual exposure, leverage, diversification Where is the market today? Impressive suite 12:00 Impressive suite Worst and best picks: Bankers and lessors reveal the highs and lows of investing in aviation × How to navigate common pitfalls of investing in aircraft Portfolio type, age, residual exposure, leverage, diversification Where is the market today? Bill Cumberlidge Managing Director Centrus Aviation Capital Patrick den Elzen Managing Director Arena Aviation Capital Michel Dembinski Senior Finance Executive - Aviation and Asset Finance Next session: The appraisers: What's it really worth? Previous session: The big picture: Aviation finance and the leasing landscape
12:30	Lunch Impressive suite 12:30 Impressive suite Lunch × Next session: The appraisers: What's it really worth? Previous session: The big picture: Aviation finance and the leasing landscape
13:30	More information The appraisers: What's it really worth? Appraisers discuss recent pricing trends and the current market. Impressive suite 13:30 Impressive suite The appraisers: What's it really worth? × Appraisers discuss recent pricing trends and the current market. Olga Razzhivina Senior ISTAT Appraiser ORIEL Eddy Pieniazek Head of Advisory Ishka Next session: The Ishka View of 2020 and beyond Previous session: The big picture: Aviation finance and the leasing landscape
14:00	More information The Ishka View of 2020 and beyond Understanding the current airline environment Which regions are showing the most growth? How should investors view airline bankruptcies and how avoidable are they? Impressive suite 14:00 Impressive suite The Ishka View of 2020 and beyond × Understanding the current airline environment Which regions are showing the most growth? How should investors view airline bankruptcies and how avoidable are they? Eddy Pieniazek Head of Advisory Ishka Siddharth Narkhede Analyst Ishka Next session: More than ECAs: The future of non-payment credit insurance aircraft financings Previous session: The big picture: Aviation finance and the leasing landscape
14:30	Break Impressive suite 14:30 Impressive suite Break × Next session: More than ECAs: The future of non-payment credit insurance aircraft financings Previous session: The big picture: Aviation finance and the leasing landscape
15:00	More information More than ECAs: The future of non-payment credit insurance aircraft financings AFIC and its competitors Will ECAs ever meaningfully come back? Aircraft financing guarantees and investor participation Impressive suite 15:00 Impressive suite More than ECAs: The future of non-payment credit insurance aircraft financings × AFIC and its competitors Will ECAs ever meaningfully come back? Aircraft financing guarantees and investor participation Kostya Zolotusky Piiq Risk Partners (BGC Insurance Group) Leslie Kurshan Head of Product Development Marsh UK Next session: The European ABS roadshow Previous session: The big picture: Aviation finance and the leasing landscape
15:40	More information The European ABS roadshow A panel of repeat and new ABS issuers answer investor questions. What will the aircraft ABS of 2020/2021 look like and why should I invest? How well have aircraft ABS withstood airline bankruptcies? What makes you different to other servicers? Taking note: How do European investors view Aircraft ABS E-notes? Impressive suite 15:40 Impressive suite The European ABS roadshow × A panel of repeat and new ABS issuers answer investor questions. What will the aircraft ABS of 2020/2021 look like and why should I invest? How well have aircraft ABS withstood airline bankruptcies? What makes you different to other servicers? Taking note: How do European investors view Aircraft ABS E-notes? Richard Barnett Managing Director Castlelake Mike Jones SVP GE Capital Aviation Services (GECAS) Lourens Geldenhuys Corporate Finance Director Stratos Next session: End of workshop Previous session: The big picture: Aviation finance and the leasing landscape
16:20	More information End of workshop Please join us at our icebreaker drinks reception at the Lamb & Trotter. Impressive suite 16:20 Impressive suite End of workshop × Please join us at our icebreaker drinks reception at the Lamb & Trotter. Previous session: The big picture: Aviation finance and the leasing landscape

	Aviation: The Asset	Aviation: The Newsroom	Aviation: Debt
08:00	Registration Premium suite 08:00 Premium suite Registration × Next session: The European market outlook
09:10	Ishka welcome Premium suite 09:10 Premium suite Ishka welcome × Next session: The European market outlook
09:15	More information The European market outlook Where are the European markets in the business cycle currently? What are the short and longer-term risks investors should be aware of? Post Brexit what is the scale of the market now, and in the future? Premium suite 09:15 Premium suite The European market outlook × Where are the European markets in the business cycle currently? What are the short and longer-term risks investors should be aware of? Post Brexit what is the scale of the market now, and in the future? Christian Schulz Economist, Director Citi Next session: Where to invest in 2021, the risks and opportunities
09:45	More information Where to invest in 2021, the risks and opportunities Our panel of issuers will spin the wheel of risk and answer quick-fire questions. Suggested topics include: Availability of finance structures, ESG compliance, which assets to invest in, interest rate environment, currency issues, green infra etc. Premium suite 09:45 Premium suite Where to invest in 2021, the risks and opportunities × Our panel of issuers will spin the wheel of risk and answer quick-fire questions. Suggested topics include: Availability of finance structures, ESG compliance, which assets to invest in, interest rate environment, currency issues, green infra etc. Edward Connolly SVP Capital Markets Engine Lease Finance Corporation Joseph McGinley Head of Investor Relations Aercap Next session: Keynote Investor Panel: Deal or No Deal Previous session: The European market outlook
10:30	Break Premium suite 10:30 Premium suite Break × Next session: Keynote Investor Panel: Deal or No Deal Previous session: The European market outlook
11:15	More information Keynote Investor Panel: Deal or No Deal We take a diverse range of investors and present a series of hypothetical deals for our panel to unpack and analyse. Deconstructing the investment strategies of investors with varying experience in aviation finance and infrastructure. Which product offers the best relative value in the current climate? Is the aviation and infrastructure market deep enough for European investors? What deal terms will get investors more comfortable with the asset classes? Premium suite 11:15 Premium suite Keynote Investor Panel: Deal or No Deal × We take a diverse range of investors and present a series of hypothetical deals for our panel to unpack and analyse. Deconstructing the investment strategies of investors with varying experience in aviation finance and infrastructure. Which product offers the best relative value in the current climate? Is the aviation and infrastructure market deep enough for European investors? What deal terms will get investors more comfortable with the asset classes? Colin McGinlay Director, Private Placements MetLife, Inc Matt Taylor Senior Investment Manager - Corporate Private Credit L&G IM Next session: The Great All-Play Debate Previous session: The European market outlook
12:00	Ishka presents the results of the Global Investor Market Survey Premium suite 12:00 Premium suite Ishka presents the results of the Global Investor Market Survey × Dr Tom Parkman Head of Research Projects TXF: Trade & Export Finance Next session: The Great All-Play Debate Previous session: The European market outlook
12:15	More information The Great All-Play Debate Delegates are split into investor groups and tasked with discussing a range of fundamental questions in the market for 2020. Premium suite 12:15 Premium suite The Great All-Play Debate × Delegates are split into investor groups and tasked with discussing a range of fundamental questions in the market for 2020. Next session: Technically speaking: How maintenance cycles impact aircraft investments Previous session: The European market outlook
13:00	Lunch Premium suite 13:00 Premium suite Lunch × Next session: Technically speaking: How maintenance cycles impact aircraft investments Previous session: The European market outlook
	Aviation: The Asset	Aviation: The Newsroom	Infrastructure: Proximo
14:15	More information Technically speaking: How maintenance cycles impact aircraft investments What are the components of an aircraft’s value?How do the relative contrib... Premium suite 14:15 Premium suite Technically speaking: How maintenance cycles impact aircraft investments × What are the components of an aircraft’s value? How do the relative contributions of maintenance state and intrinsic value change with time? How does the maintenance state fit in with deal structures? Does maintenance risk vary significantly across transactions? Karl Essig Partner AgFe Next session: Appraisers and asset values: Are we all on the same page? Previous session: The European market outlook	More information MAX Update: Will the MAX crisis cause an innovation slowdown among OEMs in futur... How will the reintroduction of the 737 MAX impact leased aircraft demand/supply?... Premium suite 14:15 Premium suite MAX Update: Will the MAX crisis cause an innovation slowdown among OEMs in future? × How will the reintroduction of the 737 MAX impact leased aircraft demand/supply? Exploring the MAX’s legacy on aircraft production programmes How aircraft recertification will never be the same after the MAX Bill Cumberlidge Managing Director Centrus Aviation Capital Dick Forsberg Commercial Aircraft Leasing and Strategy Professional Next session: Has the industry done enough to explain where ESG fits in to aviation for investors?	More information Direct and co-investment in infrastructure: How is institutional infrastructure ... Does an increasingly short-term investment climate suit the profile of LP invest... Premium suite 14:15 Premium suite Direct and co-investment in infrastructure: How is institutional infrastructure investor make-up changing in Europe? × Does an increasingly short-term investment climate suit the profile of LP investors? ‘Core +’: a concept of the past or a critical indicator for entering a project? Does the risk-return profile of brownfield projects suit financial and strategic sponsor partners equally? Which debt financing terms allow lenders and institutional equity players to sit comfortably together? Next session: ESG and sustainability in projects – Where does Europe’s infrastructure community fall short in the energy transition and where should it improve?
14:45	More information Appraisers and asset values: Are we all on the same page? Where are current market values and lease rates as of today? Is the MAX’s ... Premium suite 14:45 Premium suite Appraisers and asset values: Are we all on the same page? × Where are current market values and lease rates as of today? Is the MAX’s future value bright? How are appraisers addressing the widebody secondary market? Do investors need to do due diligence around appraisals due to the wide spread of values? Eddy Pieniazek Head of Advisory Ishka Amit Tyagi Chief Technical Officer Acumen Aviation Consultants Olga Razzhivina Senior ISTAT Appraiser ORIEL Bertrand Grabowski Independent Advisor, Non Executive Board Member for two airlines Next session: The aviation road map: Aviation leaders share their vision Previous session: The European market outlook	More information Has the industry done enough to explain where ESG fits in to aviation for invest... What do investors need from the industry in order to include aviation in their E... Premium suite 14:45 Premium suite Has the industry done enough to explain where ESG fits in to aviation for investors? × What do investors need from the industry in order to include aviation in their ESG buckets? How big an impact will ‘flight shaming’ have on passenger growth in the next 12 months? What initiatives are the OEMs taking to become more carbon efficient? Hybrid-electric engines, biofuels, new/electric aircraft Bill Blain Strategist Shard Capital Bryn Jones Head of Fixed Income Rathbone Brothers Nick Hendy EMEA Aviation Corporate Banking Citi Previous session: MAX Update: Will the MAX crisis cause an innovation slowdown among OEMs in future?	More information ESG and sustainability in projects – Where does Europe’s infrastructure communit... Which emerging energy and infrastructure assets are helping European jurisdictio... Premium suite 14:45 Premium suite ESG and sustainability in projects – Where does Europe’s infrastructure community fall short in the energy transition and where should it improve? × Which emerging energy and infrastructure assets are helping European jurisdictions meet the United Nations’ Sustainable Development Goals (SDGs)? EU 2050 goals of zero carbon technology: Will this lead to a new wave of bankable projects? Which jurisdictions are leading the way in supporting emerging sustainable infrastructure? Simon Whistler Senior Specialist Principles for Responsible Investment Josien Piek GRESB Next session: Are banks now fully disintermediated by direct lending and the bond market? Previous session: Direct and co-investment in infrastructure: How is institutional infrastructure investor make-up changing in Europe?
15:15	Break Main room 15:15 Main room Break × Next session: The aviation road map: Aviation leaders share their vision Previous session: The European market outlook
	Aviation: Debt	Aviation: Equity	Infrastructure: Proximo
15:45	More information ABS debt: Are airline failures an overstated concern for ABS portfolios? Facilitators will introduce topics and urge their audience to get involved in t... Premium suite 15:45 Premium suite ABS debt: Are airline failures an overstated concern for ABS portfolios? × Facilitators will introduce topics and urge their audience to get involved in the discussion, encouraging intimate and open conversation. After 25 minutes the topic in question will be closed, and next topic will be introduced. How are ABS deals dealing with airline bankruptcies? More investors but is there enough issuance? Are debt investors getting better at distinguishing between servicers? Richard Moody Managing Director, Global Co-Head Transportation, Infrastructure & Energy Deutsche Bank Lourens Geldenhuys Corporate Finance Director Stratos Next session: Are European investors moving away from funds towards direct lending, or outsourcing their funds to asset managers?	More information A wider universe of aircraft e-note buyers Facilitators will introduce topics and urge their audience to get involved in t... Premium suite 15:45 Premium suite A wider universe of aircraft e-note buyers × Facilitators will introduce topics and urge their audience to get involved in the discussion, encouraging intimate and open conversation. After 25 minutes the topic in question will be closed, and next topic will be introduced. How do hedge funds compare aircraft ABS e-notes to other fixed income asset classes? Are investors pricing aircraft ABS e-notes correctly? Are tradeable e-notes really that tradeable? Credit quality or assets: what are investors prioritising when examining aircraft portfolios? Kevin MacLeod Head of the New York Capital Markets Vedder Price Richard Barnett Managing Director Castlelake Mark Rogers Managing Director Floreat Aviation Capital David Smilow Managing Partner ITE Management Mike Jones SVP GE Capital Aviation Services (GECAS) Next session: The fallout of closed-end funds: Reversing investors’ negative perception of aircraft leasing	More information Are banks now fully disintermediated by direct lending and the bond market? Facilitators will introduce topics and urge their audience to get involved in t... Premium suite 15:45 Premium suite Are banks now fully disintermediated by direct lending and the bond market? × Facilitators will introduce topics and urge their audience to get involved in the discussion, encouraging intimate and open conversation. After 25 minutes the topic in question will be closed, and next topic will be introduced. Where does institutional client demand for project debt sit, compared with corporate credit? Are we seeing more Holdco financings, and how are debt providers pricing Holdco level debt differently? Which sub-sectors allow greater flexibility for funds pricing-wise? How will non-banks fare amidst a ratings downgrade? Pierre Kahn Head of Infrastructure & Energy, EMEA Deutsche Bank Next session: Subsidy free renewables assets with merchant exposure: Where are the opportunities for new infrastructure investors? Previous session: Direct and co-investment in infrastructure: How is institutional infrastructure investor make-up changing in Europe?
16:15	More information Are European investors moving away from funds towards direct lending, or outsour... How far are investors outsourcing their deals to asset managers?How are direct l... Premium suite 16:15 Premium suite Are European investors moving away from funds towards direct lending, or outsourcing their funds to asset managers? × How far are investors outsourcing their deals to asset managers? How are direct lending deals structured? Secured vs unsecured: which deals are investors targeting? Understanding which deals work best for the private placement market Aymeric Angotti Head of Aircraft Finance Ostrum Asset Management Christian Wolff Director Helaba (Landesbank Hessen-Thueringen) Previous session: ABS debt: Are airline failures an overstated concern for ABS portfolios?	More information The fallout of closed-end funds: Reversing investors’ negative perception of air... Understanding the legacy and lessons learnt from aircraft leasing closed end fun... Premium suite 16:15 Premium suite The fallout of closed-end funds: Reversing investors’ negative perception of aircraft leasing × Understanding the legacy and lessons learnt from aircraft leasing closed end funds How safe is it for new investors to invest in fund returns based on aircraft’s residual values? Case study: Evaluating Doric Nimrod closed-end funds Previous session: A wider universe of aircraft e-note buyers	More information Subsidy free renewables assets with merchant exposure: Where are the opportuniti... Zero-subsidy renewables in 2020 and the impact on the merchant marketDeveloping ... Premium suite 16:15 Premium suite Subsidy free renewables assets with merchant exposure: Where are the opportunities for new infrastructure investors? × Zero-subsidy renewables in 2020 and the impact on the merchant market Developing a PPA standard in Europe Is an increasingly commoditised asset class positive for investors and consumers? Will de-carbonisation efforts lead to more large-scale projects, and therefore greater liquidity in project debt? To what extent are feed-in tariffs still a necessity for a healthy renewables market across Europe? Previous session: Direct and co-investment in infrastructure: How is institutional infrastructure investor make-up changing in Europe?
16:45	More information The aviation road map: Aviation leaders share their vision Which changes will impact the aviation space for the year ahead? Will the industry evolve to adapt? How quickly will investments in current generation tech aircraft become obsolete? How far has the aviation industry so far explored opportunities to drive innovation through technology and data? Premium suite 16:45 Premium suite The aviation road map: Aviation leaders share their vision × Which changes will impact the aviation space for the year ahead? Will the industry evolve to adapt? How quickly will investments in current generation tech aircraft become obsolete? How far has the aviation industry so far explored opportunities to drive innovation through technology and data? Kieran O'Brien Partner KPMG Bobby Janagan Vice President & General Manager Rolls-Royce & Partners Finance Kostya Zolotusky Piiq Risk Partners (BGC Insurance Group) Finnian O'Neill Managing Director ABL Aviation Previous session: The European market outlook
17:15	Close of conference and networking drinks Premium suite 17:15 Premium suite Close of conference and networking drinks × Previous session: The European market outlook

Investing in Aviation Finance & Infrastructure: Europe

Ishka London Digital webcast series

founding partner

Registration

The big picture: Aviation finance and the leasing landscape

Precious metal: How to understand aircraft as an investment class

Break

Extracting value in alternative aviation asset classes: Regional jets, turboprops, engines

Worst and best picks: Bankers and lessors reveal the highs and lows of investing in aviation

Lunch

The appraisers: What's it really worth?

The Ishka View of 2020 and beyond

Break

More than ECAs: The future of non-payment credit insurance aircraft financings

The European ABS roadshow

End of workshop

Registration

Ishka welcome

The European market outlook

Where to invest in 2021, the risks and opportunities

Break

Keynote Investor Panel: Deal or No Deal

Ishka presents the results of the Global Investor Market Survey

The Great All-Play Debate

Lunch

Technically speaking: How maintenance cycles impact aircraft investments

MAX Update: Will the MAX crisis cause an innovation slowdown among OEMs in futur...

Direct and co-investment in infrastructure: How is institutional infrastructure ...

Appraisers and asset values: Are we all on the same page?

Has the industry done enough to explain where ESG fits in to aviation for invest...

ESG and sustainability in projects – Where does Europe’s infrastructure communit...

Break

ABS debt: Are airline failures an overstated concern for ABS portfolios?

A wider universe of aircraft e-note buyers

Are banks now fully disintermediated by direct lending and the bond market?

Are European investors moving away from funds towards direct lending, or outsour...

The fallout of closed-end funds: Reversing investors’ negative perception of air...

Subsidy free renewables assets with merchant exposure: Where are the opportuniti...

The aviation road map: Aviation leaders share their vision

Close of conference and networking drinks

Thank you for your interest in Investing in Aviation Finance & Infrastructure: Europe

Transaction Economics – Aircraft Values and Trading Data

Ishka Advisory – Airline Restructuring

Ishka Insights