The Aviation Investival : New York

Oct 16 - Oct 17, 2018
Stewart Hotel, United States
founding partner
founding partner

There's only one week to go until Ishka's Aviation Investival takes over the city that never sleeps!

Keeping a strong focus on the capital markets, this lively event promises to connect an even wider network of investors with key stakeholders across the aviation industry. Join some of the best minds in the industry for two days of hot topic debates, analysis, interactive sessions and world-class content.

 

CONFIRMED INVESTORS INCLUDE:

 

NEW FOR 2018 

 An even wider network of institutional investors
 A larger audience of senior industry representatives
Dedicated streams for capital markets and wider industry themes, as well as debt and equity financing. 
More interactive and innovative session formats
The brand new Ishka App for enhanced networking opportunities

 

 

  

 

HERE'S A GLIMSPE AT THE COMPANIES ATTENDING:

A&L Goodbody 
AAG Capital Markets
Aberdeen Standard Investments
ABL Aviation
Acumen Aviation
Aergo Capital
Air Lease Corporation 
Airborne Capital Limited 
Airlease Corp
Allianz Transfer Risk
Amedeo
Apollo
Atalaya Capital Management LP 
Avation 
Avolon
Bank of America Merrill Lynch
Barings
Bateleur Capital, L.L.C.
BC Partners 
BOC Aviation
Brown Brothers Harriman 
Capital Source a Division of Pacific Western Bank
Castlelake
Citi
Citigroup
Clifford Chance US LLP
Collateral Guaranty LLC
Collateral Verifications 
Cross Ocean Partners 
DAE
DavidsonKempner Capital Management LP
Debevoise & Plimpton
Deutsche Bank Securities Inc. 
Dubai Aerospace Enterprise

DVB Bank 
Echelon Transportation LLC
ELFC
EnTrustPermal
Fidelity Investments 
GECAS
Global Atlantic Financial Group
Goldman Sachs
Guardian Life Insurance Company of America
Helaba
Hudson Structured Capital
IBA
ICF
International Airline Group
Invesco
Investec
InvestHK 
ITE Management
J P Morgan
JetBlue
John Hancock 
Khronos LLC
KKR
Kroll Bond Rating Agency
Langschiff Capital Partners
Legal & General Investment Management America
Loomis & Sayles
M&M Private Lending Group
Magi Aviation Capital
Magnetar
MAIS - Mozambique Air Services SA
Marathon Asset Management
Marsh USA Inc

Merx Aviation
Metlife
Mizuho
Morgan Stanley
Mutual of Omaha
Natixis
NexGen Aviation Capital
Nordic Aviation Capital
Novus Aviation Capital
NYC Finance
Old Hill Partners
Oz Management
Pratt & Whitney 
Pretium Partners
PwC
Raven Capital Management
Rolls-Royce 
Rolls-Royce and Partners Finance
SKY Airline
SMBC AC 
Standard & Poor's
Stratos
Sun Country Airlines
SunLife Investments
TrueNoord
UMB Bank
Universal Asset Management 
Vedder Price
Virgo Investment group
Voyager
Wasaya Group Inc.
Waterfall Asset Management
Wells Fargo Securities
Wilmington Trust 

 

Arnaud Fiscel
A fantastic gathering of aviation experts openly exchanging on the latest trends of the industry, in a friendly yet professional environment.
Arnaud Fiscel
Head of Transportation , Bank of China
Frank Constantinople
Well attended and well organized event, with solid attendance from the buy-side. A nice tutorial for investors who are considering allocating capital to the sector.
Frank Constantinople
SVP Investor Relations, Aircastle
Olivier Trauchessec
Olivier Trauchessec
MD - Head of Transportation Americas
Mitsubishi UFJ Financial Group (MUFG)
Kalash Pandey
Kalash Pandey
Vice President, IBD Structured Finance,
Goldman Sachs
Ross O'Connor
Ross O'Connor
Head of Investor Relations
Avolon
Robert Sheldon
Robert Sheldon
Managing Director and Head of Transportation ABS
Deutsche Bank
Joseph O'Brien
Joseph O'Brien
Chief Commercial Officer
Engine Lease Finance Corporation
Belinda Ghetti
Belinda Ghetti
Managing Director
Standard & Poor's
Stuart Hatcher
Stuart Hatcher
CCO
IBA Group
Bradley Sohl
Bradley Sohl
Director
Bank of America Merrill Lynch
Jose Ignacio Dougnac
Jose Ignacio Dougnac
CFO
Sky Airline
Caitlin Colvin
Caitlin Colvin
Senior Director
Kroll Bond Rating Agency
Steve Bridgland
Steve Bridgland
SVP
DVB Bank SE Representative Office New York
Joe Thorstenson
Joe Thorstenson
Portfolio Manager
Marathon Asset Management
Gary Fitzgerald
Gary Fitzgerald
CEO
Stratos
Scott Debano
Scott Debano
Director
Citigroup
Robert "Bob" Morin
Robert "Bob" Morin
Managing Director
Marsh USA Inc.
Scott Paige
Scott Paige
Portfolio Manager
AAG Capital Markets
Rafael Kuhn
Rafael Kuhn
Director - Aviation Capital Markets and Debt Private Placements
Deutsche Bank Securities
Andrew Hanson
Andrew Hanson
MD, Private Placements
Morgan Stanley
Robert Korn
Robert Korn
President
Carlyle Aviation Partners
Ardy Ghanbar
Ardy Ghanbar
Aviation CFO
Castlelake
Ronan Murphy
Ronan Murphy
Director
Merx Aviation Finance
Matthew Elwood
Matthew Elwood
Managing Director
Barings LLC
Dave Davis
Dave Davis
CFO
Sun Country Airlines
Bharat Chandrasekaran
Bharat Chandrasekaran
Head of ABS Bond Trading
Morgan Stanley
Will Eustis
Will Eustis
Managing Director
Wells Fargo Securities, LLC
Radha Tilton
Radha Tilton
MD
Goldman Sachs
Mark Harrison
Mark Harrison
Vice President
Rolls-Royce
Ursula Hurley
Ursula Hurley
Treasurer
JetBlue Airways
joerg schirrmacher
joerg schirrmacher
Director
Helaba (Landesbank Hessen-Thueringen)
Johan Visser
Johan Visser
Independent Adviser
Novus Aviation Capital
Bob Peart
Bob Peart
Portfolio Manager
Magnetar Capital LLC
Trevor Ricards
Trevor Ricards
Senior Vice President
GE Capital Aviation Services (GECAS)
Matt Simonetti
Matt Simonetti
Director
Citi
Firoz Tarapore
Firoz Tarapore
CEO
Dubai Aerospace Enterprise
Ali Ben Lmadani
Ali Ben Lmadani
CEO
ABL Aviation
Peter Vardigans
Peter Vardigans
Executive Chairman
Magi Aviation Capital
Paul Brusiloff
Paul Brusiloff
Partner
Debevoise & Plimpton LLP
Kevin MacLeod
Kevin MacLeod
Head of the New York Capital Markets
Vedder Price
Elizabeth Lapastora
Elizabeth Lapastora
Structured Products Analyst
Mutual of Omaha
Kumar Velayudham
Kumar Velayudham
Managing Director
Oz Management
Emily Wicker
Emily Wicker
Partner
Clifford Chance US LLP
Madalyn Miller
Madalyn Miller
Associate
Clifford Chance US LLP
Irena Badelska
Irena Badelska
Senior Vice President, Marketing
Amedeo
Thomas Light
Thomas Light
Aviation Finance
Investec
Paul Kent
Paul Kent
President and CCO
Amedeo
Bryson Monteleone
Bryson Monteleone
Senior Advisor | Aviation Finance Advisory Services
PwC
Vinodh Srinivasan
Vinodh Srinivasan
Managing Director
Mizuho Securities
Rod Sheridan
Rod Sheridan
Vice Chairman
Nordic Aviation Capital
Gueric Dechevanne
Gueric Dechevanne
Vice President
Collateral Verifications
Dick Forsberg
Dick Forsberg
Head of Strategy
Avolon
Patrick Clancy
Patrick Clancy
Associate
KKR
Ryan McKenna
Ryan McKenna
Chief Executive Officer
Air Lease Corporation
John  Beekman
John Beekman
Fidelity Investments
Bob Bengtson
Bob Bengtson
Vice President, Credit Products Group
Goldman Sachs
Keith Allman
Keith Allman
Vice President, Senior Commercial ABS Analyst
Loomis & Sayles
Mark Streeter
Mark Streeter
Managing Director, Airline/Aircraft Credit Research
J.P. Morgan
Ryan McKenna
Ryan McKenna
Chief Executive Officer
Air Lease Corporation
Kumar Velayudham
Kumar Velayudham
Managing Director
Oz Management
  Capital Markets Stream Wider Market Stream Debt Stream Equity Stream Brain Box

ICF Breakfast Briefing - Accuracy in maintenance cash flow forecasting in support of ABS transactions

Pre-registered attendance only

Room 2

Ishka Welcome Video

Main Stage

The Ishka Gameshow

Our panellists will be split in two teams & challenged with answering a series of fun industry focused questions. 

Main Stage

The Investor Think Tank

Aviation finance investors provide insights, advice & ideas on their personal appetite & challenges with industry fundamentals & market structures. Delegates will then have a chance to digest & reflect on what has been discussed in groups at the end of the session.

  • What do investors think of liquid e-notes?
  • Are ABS with asset managers included compensated correctly? Is the alignment of interest strengthened or weakened?
  • Do issuers have enough equity in deals?

Main Stage

Break

Main Stage

Keynote Airline Panel

Hear from key US airlines on the health of their businesses, how it’s changing & their financing / fleet plans moving forward.

  • What impact, if any, is oil & labour cost hikes having on airlines?
  • What financing structures are most attractive to airlines in the current environment? Bank debt, unsecured notes, JOLCOs, EETC etc
  • To what extent is attractive pricing in the bank debt market perturbing airlines from the capital markets?

Main Stage

The Crunch Before Lunch

Delegates are split in to small groups & tasked with participating in crunch talks on industry topics which need to tackled. Topics will include women in aviation, the art of negotiation, futureproofing at the height of the market, overly optimistic valuations & more.

Main Stage

Lunch

Main Stage

Capital Markets Stream Wider Market Stream

To what extend is the aviation ABS structure a market in itself?

What’s new in recent ABS deals and how do issuers & investors feel abo...

Main Stage

Is consolidation the best way for industry platforms to stay competitive?

What is more important to buyers to ensure it’s a good investment; the pla...

Room 2

How do JVs & sidecars compare to their parent lessors, & what should investors b...

Exploring the creation & challenges of lessors & their JVs & sidecar...

Main Stage

This house believes aviation is flirting with moral hazard.

Who’s responsibility is it to guard investors against risk e.g A380 deals,...

Room 2

Break

Main Stage

Debt Stream Equity Stream

DEBATE ROUND

“This house believes the ABS market is showing signs of stress & overh...

Main Stage

DEBATE ROUND

"This house believes the e-note offers the best return for equity investors&rdqu...

Room 2

Debt Stream Equity Stream Brain Box

Will a deeper secondary market help grow the aviation capital markets?

Breakdown of trading volumes in the secondary market.How do investors differenti...

Main Stage

What is the appetite in the US for JOLCO-debt hybrid structures?

Evaluating a JOLCO’s benefits & challenges in the current US environme...

Room 2

Brain Box

Are current valuations in the market realistic?Why are airline stocks trading be...

Room 3

Debt Stream Equity Stream

How are private placements evolving?

What is a debt private placement and how are they different from public capital ...

Main Stage

Why has private equity interest taken flight in the US aviation market?

Examining the features & benefits of private equity structures; E-notes, dir...

Room 2

  Investor Masterclass

Taking the “sweet with the sour”

With sellers dictating terms, and older aircraft/ more challenging credits being included in portfolio sales, how should investors think about these opportunities?

  • Extracting value in mid to end of life aircraft
  • Negotiation strategies
  • Credit analysis on portfolio sales 

Main Stage

Restructuring masterclass: dealing with default scenarios

  • Case study: lessons from recent airline bankruptcies impact on investor exposures 
  • Restructuring mechanics and pitfalls 
  • Monitoring investments: which portfolios are showing signs of distress? 

Main Stage

Finding value outside of commercial aviation: investing in alternative aviation asset classes

Extracting value in aircraft engines: 

  • Differences when analysing engines vs aircraft
  • Where to buy in the economic cycle? (new, used or tertiary?)
  • Engine selection considerations: maximising revenue and minimizing ongoing costs 
  • Owning or leasing? Aftercare, MRO support, RV etc

Freighters: is now the right time to invest in the cargo market?

  • Forecasting key economic indicators and impact on cargo traffic 
  • Converting narrow bodies into freighters

Business Jets: how to determine the strength of the lessee’s credit

  • Understanding confidentiality clauses around lessee identity / credit rating band
  • Unpicking servicer methodologies which determine the relative strength of the lease/loan
  • Structural differences in business jet securitisation transactions

Main Stage

Break

Main Stage

Understanding changes to the e-note format and ABS structures

Unpicking the 144A e-note format for ALC/THUNDERBOLT vs GECAS/START1 

  • Tradability
  • Tax structure
  • Transparency and amount of information provided and what this means for debt investors
  • Valuations

The rise of e-note managers and the implications for debt holders 

Additional structural protections for investors

Variance in pricing between deals

Issuer differentiation – assessing track records

Main Stage

Valuations: looking further than the numbers

  • New vs old technology values – premium on new technology
  • Future residual value assumptions
  • Engines / part out market values
  • Useful economic life of the assets
  • Distressed aircraft sale values
  • Understanding the variance between appraiser methodologies and their values

Main Stage

Transaction Economics

Transaction Economics – Aircraft Values and Trading Data

Get real pricing and deals data and dynamic, independent aircraft values from Ishka’s trusted team

Ishka Advisory – Airline Restructuring

We have provided high-level support in business restructuring as well as deep dive analysis on airlines since 1990.

Ishka Insights

Get beyond the headlines with data-driven analysis and the respected Ishka View with Ishka’s daily Insights service

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