Investing in Aviation Finance

Apr 4 - Apr 5, 2017
Glaziers Hall, London


Meet key institutional investors from 35+ organisations and senior airline attendees from:

 

           

EXTRAORDINARY CONTENT AND NETWORKING OPPORTUNITIES
Delivering insight into the mindset of institutional investors

Ishka's strategic conference and investor workshop, April 4th-5th, 2017 in London, brings together financiers, 30+ institutional investors, airlines and lessors to explore the evolution of European equity and capital markets for aviation finance

Ishka observes growing demand amongst European airlines, lessors and banks for funding and refinancing opportunities in the European capital markets as euro and sterling revenue pools increase. We acknowledge the weakness of the euro and sterling and the cost of swap is too expensive.

Interestingly, European pension funds, insurance companies and equity investors are increasingly evaluating aviation assets and paper, yet a critical education gap remains.

The day will focus on critical initiatives and barriers within an interactive structure which encourages problem solving and debate

We deliver:

- Data sessions looking at historical performance of the asset class

- Streaming on the debt and equity side for focussed content

- Industry all play - an innovative structure designed for delegates to interact and problem solve


INSTITUTIONAL INVESTOR ATTENDEES INCLUDE:

The Abraaj Group   LHI 
Aberdeen Asset Management    M&G Investments 
Alder Investment Management   Magnetar Capital LLC
Allianz Global Investors GMBH   Merx 
Aon Hewitt   Metlife 
Aviva Investors   MW Eaglewood 
AXA Investment Managers   Nimrod Capital
Baillie Gifford & Co   Pamplona Capital Management
Barings    Prudential Capital
Cairn Capital   Prudential Portfolio Management Group 
Coller Capital   RM Capital 
CQS   Rogge Global Partners
Falcon Private Wealth Ltd.   Rothesay Life
Fidelity    Sequoia Investment Management 
Floreat    Scope Ratings 
JC & Partners    TCI Fund Management Limited
KGAL Capital   Wasaya Group Inc.
Lazilu Partners  We are Just
Legal and General  


Any questions?

Please don't hesitate to get in touch.
Tom Preselo
[email protected]

 


 

 

Christine Rovelli
Christine Rovelli
VP Group Treasurer
Finnair
Howard  Millar
Howard Millar
CEO
Stellwagen Finance
Alok Wadhawan
Alok Wadhawan
Co-Head Aviation Finance
Investec
Ricky  Thirion
Ricky Thirion
Group Treasurer
Etihad Airways
Christopher  Clarke
Christopher Clarke
Alternative Investment Strategist
Allianz Global Investors GMBH
Olli  Rouhiainen
Olli Rouhiainen
Senior Credit Analyst
Legal and General
Gareth  Halpin
Gareth Halpin
Treasurer and Head of Capital Markets
Avolon
Joerg Schirrmacher
Joerg Schirrmacher
Head of Transport Finance
Helaba
Peter Vardigans
Peter Vardigans
Partner
Magi Partners Limited
Michel  Dembinski
Michel Dembinski
Managing Director, Head of Aviation - Structured Finance Office
Bank of Tokyo-Mitsubishi UFJ (BTMU)
Oumar  Diallo
Oumar Diallo
Partner
Floreat Capital Markets
Ed Hansom
Ed Hansom
Chief Risk Officer
Seraph Aviation
Van den Brande Tim
Van den Brande Tim
Director
KGAL Capital
Darragh Culley
Darragh Culley
Structured Finance, Global Investment Solutions
Aviva Investors
Chandra  Gopinathan
Chandra Gopinathan
CAIA, Consultant
Rogge Global Partners
Matthew  O'Sullivan
Matthew O'Sullivan
Head of Commercial Securitisation
M&G Investments
Michael  Rodyniuk
Michael Rodyniuk
President & Chief Executive Officer
Wasaya Group Inc.
Richard Moody
Richard Moody
Global Head, Transportation and Head of Transport, Infrastructure, and Energy, EMEA
Deutsche Bank
Richard Wolanksi
Richard Wolanksi
Finance Director
Avation
Michael Howard
Michael Howard
CFO
Kahala Aviation
Bertrand  Grabowski
Bertrand Grabowski
Senior Strategic Advisor
Dubai Aerospace Enterprise
Patrick den Elzen
Patrick den Elzen
CEO
Arena Aviation Capital
Edward  O'Byrne
Edward O'Byrne
Chief Investment Officer
Aercap
Robert Korn
Robert Korn
President
Apollo Aviation Group
Ryan  McKenna
Ryan McKenna
Vice President
Air Lease Corporation
Ray  Sisson
Ray Sisson
Executive Chairman
AVi8 Air Capital
Fraser Chestney
Fraser Chestney
Managing Partner
Doric Partners LLP
Stephan  Rihm
Stephan Rihm
Vice President
Dr. Peters Group
Gerry Butler
Gerry Butler
Managing Director
Merx Aircraft Finance
Bob Peart
Bob Peart
Portfolio Manager
Magnetar Capital LLC
Prior Philipp
Prior Philipp
Managing Partner
emp structured assets
Maurice  Mason
Maurice Mason
AgFe
Ramki Sundaram
Ramki Sundaram
Global Head Aviation
Natixis
  ABS EETC Equity
09:15

Registration

Plenary

09:45

Theoretical masterlass

These theoretical sessions will lay the foundations for the practical case studies, focussing on understanding the industry, collateral and different investment products

Why invest? Understanding the asset and collateral 


• Language of the asset and different types of metal 
• Calculating and modelling residual values and depreciation 
• Appraisals and the economic life an aircraft 
• Understand key metrics for lessor and airline performance and key industry metrics

How to invest? Breaking down different products


• Overview of debt and equity instruments
• Unsecured and secured financing:  Differences between ABS and EETCs
• Alternative products -Private placements, Schuldschein and hybrid bonds
• What are the accounting, tax and book value benefits?
• Rating process

Pitfalls: Navigating the regulatory landscape 

• Impact of solvency II on pension funds
• Skin in the game requirements
• The regulatory landscape for KG funds
• Impact of AIFM, MIFID

Plenary

12:30

Lunch

Plenary

13:30

ABS Practical Case Study

Analytics and methodologies 
• Credit analysi...

Plenary

EETC Practical Case Study

Analytics and methodologies 

Plenary

Private and Public Equities

Analytics and methodologies 

Plenary

16:30

Close of workshop

Plenary

16:45
  Debt Stream Equity Stream
08:30

Registration

Plenary

09:00

The Ishka View

Plenary

09:30

Evaluating the historical performance of the asset class

• Comparison of alternative asset classes: Shipping, real estate infrastructure and aviation
• How has aviation performed relative to main market metrics and trackers?
• Equity and debt return and risk characteristics

Plenary

10:00

The investor pitch: Unlocking maximum returns and understanding investor psychologies

Our key panel of investors will be presented with hypothetical deals, and asked to talk through their investment strategy  

• As investors seek to optimise dollar based risk returns, where is the best relative value and what is driving their investment strategy? 
• What is holding back the European investor community? Capital charges, liquidity?
• Will institutional investors dedicate resources and infrastructure to set up aviation teams?  

Plenary

10:45

Audience Response

Plenary

11:00

Coffee and networking

Plenary

11:45

Drivers for ABS: What is driving lessors to the ABS market and should investors ...


• Unpackaging the “blackbox”: LTVs, aircraft type and ...

Plenary

IPOs and equity valuations

 Evaluating equity valuations and methodologies


• What is ...

Plenary

12:15

Distribution strategies for banks

As Basel III and IV loom over European banks, will they look to sell their loan ...

Plenary

Scrutinising the E-note

How was the E-Note performed on a whole life basis? Do the returns justify th...

Plenary

12:45

The rise of shadow banking

 How much of a threat are alternative financiers?

• How are...

Plenary

The importance of the asset manager: Protecting your downside

• Trading and selling aircraft with a lease attached
• What to lo...

Plenary

13:15

Lunch

Plenary

14:45

Industry all play

This interactive session sees delegates split into small, pre-defined groups where they will work together to identify solutions and tackle critical barriers to develop and drive the market forward.  The focus is on innovation, exchanging ideas and collaboration.

Structuring 
What are the desired features to build an optimal investor portfolio?

Solutions for structuring non-dollar currency tranches

Risk
Providing comfort for bankruptcy, restructurings and defaults: Going beyond the Cape Town treaty 
Mitigating execution risk and capturing favourable pricing windows

Innovation 
Developing a secondary market for aircraft paper
Portfolio securitizations and JVS: Blending non-aviation assets and portfolios of assets
Getting around risk retention structures



Plenary

16:00

Networking break

Plenary

16:30

Keynote panel: The future of the European Capital Markets

How critical is the development of the European Capital markets for the aviat...

Plenary

17:30

 

“I found the conference to be the best aviation conference I’ve attended in at least a decade.  Well done.”
Michael Rodyniuk, President & Chief Executive Officer, WASAYA GROUP Inc

“It was my first Ishka Conference. I have been attending the ISTAT, Airfinance and MRO conferences around the world for more than 5 years and I must say that it was one the best conferences I have attended.”
Laurent Biousse, Director, Aeronautics Fund

“Superb event with exceptional networking opportunities”
Arnaud Fiscel, Managing Director, Aeroportance

 

 

 




Meet senior airline attendees from:

      

  


INVESTING IN AVIATION FINANCE

Setting the course for future markets and paradigms
We deliver:

1. A carefully designed agenda and structure which encourages interactive and collaborative discussion through the "industry all play"

2. Capped attendance providing a more intimate environment for debate

3. A content-led, extensively researched programme focussed on innovation and critical issues covering both the equity and debt markets

4. Networking with key investors


DON'T JUST TAKE OUR WORD FOR IT!
HERE'S WHAT ATTENDEES FROM OUR INAUGURAL EVENT HAVE TO SAY..... 

 

Patrick den Elzen
“A very pleasant and insightful experience - what a change from the regular conferences!”
Patrick den Elzen
CEO, Arena Aviation Capital
“An innovative event that was well attended by respected aviation executives in an intimate setting that facilitated participation and the sharing of opinions and information. A great start by Ishka.”
Simon McLean
Independent consultant, .
Simon  McLean
“Enjoyable - more interactive than the average conference and therefore more expert opinion - great”
Tony Whitty
Managing Director, Cabot Aviation
Tony Whitty
“A thoroughly engaging day with insightful perspectives being shared by industry leaders”
Thomas Schmid
General Counsel, Intrepid Aviation Group
Thomas Schmid
“Very creative, original aviation finance conference”
Michael Helaby
Deutsche Bank
Michael  Helaby
“A refreshing format with great information and insight”
Steve Mason
Head of Aircraft Evaluation and Asset Strategy, Cit
Steve Mason
“Great networking opportunities - small enough that everyone has a voice but large enough to include all the main players”
Kate Crawford
Associate Director,
Kate Crawford
“A refreshing format with great information and insight”
Bruce Ansell
Head of Engine Leasing - Mitsubishi Corporation International (Europe) Plc , Mitsubishi UFJ Trust and Banking Corporation
Bruce  Ansell
“Great event with lively and open debate”
Frederic Surdon
Head of Asset Finance , Société Générale
Frederic Surdon
“Presenters did a fantastic job of preparing. Very informative”
Andrew Kleeman
Managing Director Private Placements , Barings Asset Management
Andrew  Kleeman
“A very well organised event attended by just the right mix and quantity of delegates. Hope to see more of these!”
Maximo Gainza
Manager, Market Analysis, Embraer
Maximo Gainza

Glaziers Hall, London

9 Montague Close

London Bridge , London ,

GLAZIERS HALL
LONDON
SE1 9DD

If you have any questions, please email us at [email protected]



The Aviation Investival: Korea

21th March, 2019

The only dedicated Korean aviation investor event returns to Seoul in March 2019 with some new twists and surprises.


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