Investing in Aviation Finance: Frankfurt

Nov 13 - Nov 14, 2018
AKA BANK , Germany
founding partner

Investing in Aviation finance: Frankfurt is an unmissable gathering for institutional investors and aviation finance professionals to uncover exciting opportunities in the German capital markets, benchmark their practices and shape the future of the market.

The only event dedicated to the German capital markets for aviation finance, the conference takes an in-depth look at evolving best practices, evaluating aviation as an asset class and analysing the latest trends and critical changes within the aviation finance  industry. 

Featuring an all-star speaker line-up, new sessions formats and unrivalled networking opportunities, the conference is brimming with inspiring concepts and practical solutions for market practitioners.

 



What's new for 2018?

 Even more investors 

 Unique and interactive session formats 

 Enriching content on the most current topics effecting the industry 

Investors already confirmed

Featured sessions include:


 

Who should attend?

  Institutional investors
Asset managers
Banks

Law firms
Airlines
Leasing companies

Plus other market practitioners who are looking to enhance their knowledge of aviation finance and contribute to the progression of the German capital markets

 

 

   

 

Holger Hebben
Holger Hebben
Deutsche Bank
Carlos Terre
Carlos Terre
Head of Project Finance
Scope Ratings GmbH
Matthew Taylor
Matthew Taylor
Legal and General
Les Weal
Les Weal
Director
Oriel
Bertrand Grabowski
Bertrand Grabowski
Senior Strategic Advisor
Dubai Aerospace Enterprise
Stefan Sax
Stefan Sax
Partner
Clifford Chance
Berthold Reuter
Berthold Reuter
Unit Head Aviation Risk
Euler Hermes Aktiengesellschaft
Nils  Hallerstrom
Nils Hallerstrom
President
PK AirFinance
Aymeric Angotti
Aymeric Angotti
Head of Aircraft Finance
Ostrum Asset Management
Matthias Winter
Matthias Winter
Bird & Bird
Tobias Schulten
Tobias Schulten
Clifford Chance
Maybel  Saleh
Maybel Saleh
Director, EMEA Aviation
Citi
Brian Lau
Brian Lau
Aviation Finance
Investec
Victoria Goodenough
Victoria Goodenough
Executive Director
Natixis
Sibylle Paehler
Sibylle Paehler
Managing Director
Doric
Mamoun Kuzbari
Mamoun Kuzbari
Managing Director
Novus Aviation Capital
Peter Walter
Peter Walter
Director of Asset Management
IBA Group
Sven Respondek
Sven Respondek
KGAL Capital
Julius Huennemeyer
Julius Huennemeyer
Private Debt
Prime Capital AG
Richard Moody
Richard Moody
Global Head, Transportation and Head of Transport, Infrastructure, and Energy, EMEA
Deutsche Bank
Fraser Chestney
Fraser Chestney
Magi Aviation Capital
Peter Vardigans
Peter Vardigans
Partner
Magi Aviation Capital
Catherine Bras
Catherine Bras
Head of A380 Business Development & Remarketing
Airbus
Thomas Light
Thomas Light
Aviation Finance
Investec
Paulo Mirpuri
Paulo Mirpuri
President
Hi Fly (5K)
Chandra  Gopinathan
Chandra Gopinathan
Senior Investment Consultant
Global Credit Research Partners
Thomas Kolberg
Thomas Kolberg
Head of Department Aircraft
Euler Hermes Aktiengesellschaft
Zaki Nuseibeh
Zaki Nuseibeh
Floreat Capital Markets
Christian Wolff
Christian Wolff
Director
Helaba
Martin Browne
Martin Browne
Senior Marketing Manager
Aergo Capital
Irena  Badelska
Irena Badelska
Head of Business Development & Investor Relations
Amedeo
Thomas Leidenberger
Thomas Leidenberger
Head of Alternative Investments
Hannover Leasing Investment GmbH
Christine Rovelli
Christine Rovelli
VP Group Treasurer
Finnair
Joerg Schirrmacher
Joerg Schirrmacher
Head of Transport Finance
Helaba
  Conference
08:15

Clifford Chance Breakfast briefing

Lessons learnt from Air Berlin

Main Room

09:00

Ishka Welcome

Main Room

09:05

Ishka award presentation followed by Q&A with Markus Ohlert, Lufthansa

Main Room

09:15

Expelling the myth that aviation is a risky and potentially unstable asset class to invest in

With aviation offering competitive yield to comparable asset classes and a healthy deal flow, investors remain cautious about the asset class. Why is this, and what can be done to reset investor psychologies?

  • Comparing aviation risk characteristics to shipping, real estate, infrastructure, and renewable energy
  • What are the benefits of credit/airline risk, and can investors get risk premium on blending credit and aircraft risk in deals?
  • How to evaluate asset risk; comparing single assets versus a portfolio

Main Room

09:45

Are debt funds becoming a more suitable debt platform to invest in?

 

  • Why do debt funds make sense for investors?
  • How do debt funds differ from banks?
  • What’s the risk appetite for senior and junior debt?
  • The future of the debt fund market. Are there enough deals to go round?

Main Room

10:15

Keynote investor panel: the investor pitch

Hear from German investors on their experience, ambition, concerns with the asset class, and their views on hypothetical deals pitched to them

  • What structures offer the best returns right now?
  • What is their allocation in the market currently?
  • How long do investors plan to hold their investments for?




Main Room

11:00

Networking break

Main Room

11:45

To what extent do high hedging costs for dollar denominated assets take out the relative value in deals?

With a limited supply of aviation debt funds denominated in non-dollar currencies, what is needed to make European investors more comfortable with dollar assets? 

  • Highlighting the advantages of investing in dollar denominated assets 
  • How expensive is currency hedging for investors, and how much relative value is left after hedging dollar denominated deals?
  • Will the market see euro ABS/portfolio deals?

Main Room

12:30

Is the dust starting to settle on the A380 crisis?

With experienced asset managers redeploying the aircraft, and airline demand for A380s picking up, should German investors still need to be worried by the failed deals?

  • Case Study: remarketing the existing A380s, redeploying, parting out, wet-leasing, and their impact on the A380 secondary market
  • How much money could investors stand to lose by parting-out vs re-leasing A380s?

Main Room

13:15

Lunch

Main Room

14:30

The importance of a good asset manager

15:00

DEBATE: Should more aviation deals be externally rated, and if so, by who?

Is there a disconnect with German investors’ acceptability of local rating agencies vs the big global agencies, and should it become the norm that arrangers include external ratings for all deals? 

  • How far do investors use global rating agencies over local ones? Why?
  • If German investors require more externally rated aviation deals, who should absorb the cost of the rating?
  • Should arrangers have more of an established process to offer investors a rating?

Main Room

15:30

Are German investors ready to adopt more asset risk and move down the credit curve?

Historically debt products have been a more popular starting point for German investors, but is this changing as returns tighten and investors become more sophisticated?

  • To what extend are tight margins in the debt market encouraging investors to look at riskier structures like equity?
  • Is the yield issuers are promising investors over 5/10 years sustainable, with interest and exchange rate levels changing?
  • Exploring the transferability of equity in the asset class

Main Room

16:00

Networking break

Main Room

16:30

Will aviation become an environmental, social and governance (ESG) rated investments?

  • What are ESG rated investments?
  • How can aviation become a better rated ESG investment? 
  • How genuine is ESG investment appetite? Could investors simply be using aviation to fill their sustainability portfolio instead of real estate?

Main Room

17:00

The role of the German export credit agency and what potential there is to issue bonds on its new product, Balthazar


  • Challenging the legal requirements around Euler-Hermes issuing bonds vs other European ECAs 
  • What’s the appetite and advantage of an insured aircraft product in the German capital markets?

Main Room

17:30
  Investor Masterclass
09:00

Investing in aircraft

  • Happy 40th Birthday PK AirFinance 
  • Why invest in aircraft?
  • Where is the cycle?
  • The next 40 years

Main Room

10:00

Break

Main Room

10:15

Comparing the merits of aviation debt funds to other private debt funds:

  • Security and risks 
  • Diversification 
  • Recovery notes
  • Achievable yield
  • Rating
  • Scalability 
  • Typical issuers

Main Room

11:00

Possibilities in crisis scenarios

Case study looking at potential crisis scenarios; 

A380 values in 10 years

Main Room

11:30

Break

Main Room

11:45

Understanding how arrangers and asset managers handle the Solvency II implications:

  • Capital rating
  • Reporting point of view
  • How levered and unlevered
  • Sensitivity of asset risk management and how this can effect economics and future cash flows

Main Room

12:30

AKA BANK

Große Gallusstraße 1-7

60311, Frankfurt am Main, Germany



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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