Ishka World Tour

Virtual Aviation Finance Networking Series

Oct 12 - Oct 23, 2020


Ishka World Tour: Virtual Aviation Finance Networking Series | 12th - 23rd October, 2020

150 SPEAKERS  |  70 SESSIONS  |  10 DAYS  |  4 HOURS PER DAY

 1800+ attendees from 65 countries  - Ishka World Tour is THE biggest virtual event in aviation finance!  

Ishka World Tour is now LIVE
Join us today and start creating new business relationships across the globe 
 


There has never been a more crucial time to engage and connect. No other event has the same investor focus and attendance, best-in-class content and a custom-built platform with networking at its core. Ishka World Tour is THE networking and ideas hub for the aviation finance industry - bringing the global community together. With our all-new, virtual format and innovative, custom-built platform, Ishka World Tour is our biggest event ever.

We're delivering:

  • 4 hours of meticulously researched, daily content for 10 days
  • All content and resources available for you to access on-demand for a total of 6 weeks
  • First-rate networking tools available for a total of 8 weeks

 

FREE REGISTRATION FOR AIRLINES & NON-BANKING INSTITUTIONAL INVESTORS
Complimentary passes are available (subject to approval by Ishka)
 

We’re excited to announce our global event extravaganza - transporting you around the world without having to leave your home! Come with us on a virtual world tour with headline industry heavyweights showcasing the hottest topics and connect with the aviation finance community from around the globe.

WHY ATTEND

  • First-rate speaker line-up from the best and brightest minds in aviation finance
  • Unrivalled access to the global investor community – 500+ institutional investors have attended Ishka Events to date
  • Unique, interactive agenda Ishka style including – The Game Show, Deal or No Deal, Investor Blind Date, Chat Roulette, Business Angels
  • Wealth of networking opportunities to create new business relationships across the world including 1:1 video calls, the Conference Lobby and Chat Rooms


HOW IT WORKS

  • Fully interactive sessions for deeper learning – engage in live chats, Q&As with our speakers
  • Instant access to content and resources across the platform
  • Create your own personalised agenda and find related sessions
  • Never miss a session – re-watch your highlights as all sessions are available on-demand
  • Once the event is over, you can continue to learn and connect – your access remains open until 20th November
  • Watch our brief introductory video to Ishka World Tour below

FREE RESOURCES

  • 10 daily event round-ups and post-event report
  • Complimentary Ishka Insight reports
  • Complimentary Ishka Airline Credit Profile reports
  • Ishka View Extra reports with additional insight and analysis
  • White papers and reports from our sponsors
  • After the event, all content will be available for you to access anytime on-demand for an extra four weeks

 

FREE REGISTRATION FOR AIRLINES & NON-BANKING INSTITUTIONAL INVESTORS
Complimentary passes are available (subject to approval by Ishka)
 

Paul Sheridan
Paul Sheridan
CEO
AMCK Aviation
Christian Wolff
Christian Wolff
Director
Helaba
Haiyan Zheng
Haiyan Zheng
Head of Acquisition and Trading
Clover Aviation Capital Company Limited
Mayank Bhatnagar
Mayank Bhatnagar
VP & Global HR Head
GECAS
Ji Hong
Ji Hong
Partner
White & Case
Richard Barnett
Richard Barnett
Managing Director
Castlelake
Abdul Wahab Teffaha
Abdul Wahab Teffaha
Secretary General
Arab Air Carriers Organization
Martin Bouzaima
Martin Bouzaima
CEO
FPG Amentum
Patrick den Elzen
Patrick den Elzen
Managing Director
Arena Aviation Capital
Robert "Bob" Morin
Robert "Bob" Morin
Managing Director
AFIC
George Dimitroff
George Dimitroff
Global Head of Valuations
Cirium
Joe O'Mara
Joe O'Mara
Head of Aviation Finance
KPMG Ireland
Takamasa Marito
Takamasa Marito
General Manager
Tokyo Century Corporation
David Berkery
David Berkery
Partner
A&L Goodbody
Joe Howard
Joe Howard
Recent Treasurer
-
H.E. Mr. Akbar Al Baker
H.E. Mr. Akbar Al Baker
Group CEO
Qatar Airways
Wrenelle Stander
Wrenelle Stander
CEO
Comair
Kevin MacLeod
Kevin MacLeod
Shareholder
Vedder Price
David  Lawton
David Lawton
Head of Fleet Procurement
easyJet
Donal Boylan
Donal Boylan
Board Of Directors
VietJet Air
Bertrand Grabowski
Bertrand Grabowski
Senior Strategic Advisor
CPPIB Canadian Pension Fund, Hudson Structured Capital Management
Dick Forsberg
Dick Forsberg
Commercial Aircraft Leasing and Strategy Professional
-
Robert Neal
Robert Neal
Treasurer, Vice President – Fleet & Corporate Finance
Allegiant Travel Company
Yves Germeaux
Yves Germeaux
Managing Director
ATOZ Aviation Finance
Dirk Jan Smit
Dirk Jan Smit
Chief Financial Officer
Arena Aviation Capital
John Grant
John Grant
Partner/OAG Chief Analyst
Midas Aviation
Stephan Sayre
Stephan Sayre
Managing Director
DVB Bank
Anca Mihalache
Anca Mihalache
APOC Aviation
Sarah Aoun
Sarah Aoun
Airbus Americas
Anton Onnik
Anton Onnik
Chief Commercial Officer
Xfly
Heidi  Larson
Heidi Larson
PhD, Professor of Anthropology, Risk and Decision Science. Director, The Vaccine Confidence Project
London School of Hygiene & Tropical Medicine, Dept. Infectious Disease Epidemiology
Mark Streeter
Mark Streeter
Managing Director, Airline/Aircraft Credit Research
J.P. Morgan
Dave Davis
Dave Davis
President & Chief Financial Officer, Board Member
Sun Country Airlines
Keith Allman
Keith Allman
Managing Director, Head of Esoteric ABS
MUFG
Bill Blain
Bill Blain
Strategist & Head of Alternative Assets
Shard Capital
Gehan Talwatte
Gehan Talwatte
Executive Chairman
Ishka
Aymeric Angotti
Aymeric Angotti
Head of Aircraft Finance
Natixis
Sanjeev Gadhia
Sanjeev Gadhia
CEO
Astral Aviation
Olga Razzhivina
Olga Razzhivina
Senior ISTAT Appraiser
ORIEL
Thierry Masson
Thierry Masson
Director, Alternative Credit
M&G Investments
Helene Spro Johanson
Helene Spro Johanson
Director
Scope Ratings AG
Kostya Zolotusky
Kostya Zolotusky
Piiq Risk Partners
Takaaki Nakanishi
Takaaki Nakanishi
Manager
Hyakugo Bank
Edward Connolly
Edward Connolly
SVP Capital Markets
Engine Lease Finance Corporation
Fumihiro Honda
Fumihiro Honda
General Manager, Strategic Marketing Department
Japan Credit Rating Agency
Eddy Pieniazek
Eddy Pieniazek
Head of Advisory
Ishka
Anne Correa
Anne Correa
Director - Business Development
Morten Beyer & Agnew
Betsy Snyder
Betsy Snyder
Director - Transportation
S&P Global Ratings
Lune Wang
Lune Wang
Deputy General Manager
Comsys Leasing
Elizabeth Lapastora
Elizabeth Lapastora
Structured Products Analyst
Mutual of Omaha
Francisco Lalinde
Francisco Lalinde
COO
Viva Air
Joseph McGinley
Joseph McGinley
Head of Investor Relations
Aercap
Clay Smith
Clay Smith
Partner
Split Rock Aviation
Siddharth Narkhede
Siddharth Narkhede
Analyst
Ishka
Giovanni Tramparulo
Giovanni Tramparulo
Chief Financial Officer
ATR
Andre Taveira Cruz
Andre Taveira Cruz
Export Credit Specialist
Brazilian Development Bank
Ken Nakayamada
Ken Nakayamada
Manager
Nippon Life Insurance Company
Kentaro Yamaguchi
Kentaro Yamaguchi
Senior Manager Head of Route Development & Marketing
Central Japan International Airport Co.Ltd
Declan Ryan
Declan Ryan
Executive Chairman - Viva Air Group/Managing Partner - Irelandia
Viva Air
Hiroshi Yamamoto
Hiroshi Yamamoto
Sales Manager
OAG
Timothy Myers
Timothy Myers
President
Boeing Capital Corporation
Noriko Nozaki
Noriko Nozaki
Head of Japan and South Korea
Ishka
Bob Bengtson
Bob Bengtson
Vice President, Credit Products Group
Goldman Sachs
Joseph O'Brien
Joseph O'Brien
Deputy CEO & Chief Commercial Officer
Engine Lease Finance Corporation
Philippe Lacamp
Philippe Lacamp
SVP Americas
Cathay Pacific
Maciej Wilk
Maciej Wilk
COO
LOT Polish Airlines
Hironobu Kitamura
Hironobu Kitamura
Senior Assistant Manager
Daiichi Life Insurance Company
Richard Moody
Richard Moody
Managing Director, Global Co-Head Transportation, Infrastructure & Energy
Deutsche Bank
Christian Schulz
Christian Schulz
Economist, Director
Citi
Firoz Tarapore
Firoz Tarapore
CEO
Dubai Aerospace Enterprise
Bert van Leeuwen
Bert van Leeuwen
Head of Aviation Research
MUFG
Stanley Hui
Stanley Hui
President
Hong Kong Leasing Association
Angus  Clarke
Angus Clarke
Executive Vice President - Strategy
Air France-KLM
Stephen Phillips
Stephen Phillips
Director General
Invest HK
Vipula Gunatilleka
Vipula Gunatilleka
CEO
SriLankan Airlines
Dickon Harris
Dickon Harris
Editor
Ishka
Ryan McKenna
Ryan McKenna
Chief Executive Officer
Griffin Global Asset Management
Ivan  Chemtob
Ivan Chemtob
Founder
Rosa Airlines
Olivier  Arrindell
Olivier Arrindell
CEO
AvA Airways
Pedro  Navarro Rette
Pedro Navarro Rette
CFO
Sky Airline Peru
Hugh  Flynn
Hugh Flynn
Director
ASL Aviation Holdings
Hiran Perera
Hiran Perera
Senior Vice President - Freighters
Emirates
Yusuke Honma
Yusuke Honma
Senior Vice President, Head of Japan
Clover Aviation Capital Company Limited
Burak Arkun
Burak Arkun
CFO
Tailwind Airlines
Amelia Anderson
Amelia Anderson
CO-FOUNDER AND PRESIDENT
AWAR Advancing Women in Aviation Roundtable
Marjan Riggi
Marjan Riggi
Senior managing director
Kroll Bond Rating Agency
Johnny Lau
Johnny Lau
Chief Consultant Aviation Business Services
PwC
Christine Davin
Christine Davin
VP Risk
AMCK Aviation
Joerg Schirrmacher
Joerg Schirrmacher
Head of Transport Finance & Senior Vice President
Helaba
Frank Segger
Frank Segger
Portfolio Manager
KGAL Capital
Selim Cherif
Selim Cherif
Senior Vice President, Aircraft Investment & Leasing
Arena Aviation Capital
Laura Thompson
Laura Thompson
Analyst
Ishka
Angela Fleming
Angela Fleming
Partner
BDO Ireland
Richard Goodhead
Richard Goodhead
Senior Marketing and Business Development Professional
-
Erik G. Dahmen
Erik G. Dahmen
Director of Marketing & Sales
Arena Aviation Capital
Richard Greener
Richard Greener
SVP & Manager GECAS Cargo
GECAS
Brian Lau
Brian Lau
Muzinich & Co. Ltd
Simon Collins
Simon Collins
Partner, Hong Kong SAR
White & Case LLP
Kumar Velayudham
Kumar Velayudham
Managing Director
Oz Management (now Sculptor Capital)
David Fiore
David Fiore
Vice President, Transportation Division
US EXIM BANK - Export-Import Bank of the United States
Tom  Slattery
Tom Slattery
Executive Vice President
GECAS
Jared Ailstock
Jared Ailstock
Director
Castlelake
Richard Owen Walker
Richard Owen Walker
Head of Leasing & Investor Markets
Airbus
Pippa Halley
Pippa Halley
Organisational Behaviourist and Researcher
DCU Centre of Excellence for Diversity and Inclusion
Megersa Abate
Megersa Abate
transport economist
World Bank Group
Bryan Bedford
Bryan Bedford
CEO
Republic Airlines
Michelangelo Raimondi
Michelangelo Raimondi
Head of Transportation - Securitized Products Capital Markets
Morgan Stanley
Jessica Lee
Jessica Lee
Organisational Psychologist
Jessica Lee Consulting
Sandra Healy
Sandra Healy
Director
Dublin City University
Joe Hussar
Joe Hussar
EVP & Head of Portfolio
Engine Lease Finance Corporation
Roman Lyadov
Roman Lyadov
CEO
GTLK Europe
Chris Keene
Chris Keene
Ishka
Dana Barta
Dana Barta
ED
Morgan Stanley
Joseph Ryan
Joseph Ryan
Managing Director
Goldman Sachs
Yezdan Badrakhan
Yezdan Badrakhan
Executive Director
Morgan Stanley
Clarence Leung
Clarence Leung
Board Member
Hong Kong Aircraft Leasing & Aviation Finance Association
Michael Leskinen
Michael Leskinen
Vice President of Corporate Development and Investor Relations
United Airlines
Helane Becker
Helane Becker
MD, Managing Director
Cowen & Company
Mamoun Kuzbari
Mamoun Kuzbari
Managing Director
Novus Aviation Capital
Leslie Kurshan
Leslie Kurshan
Managing Director, Global AFIC Credit Specialties Leader
AFIC
Eduardo Mariz
Eduardo Mariz
Analyst
Ishka
Killian Croke
Killian Croke
Partner
KPMG Ireland
Kieran O'Brien
Kieran O'Brien
Partner
KPMG Ireland
Daniel "Dan" Rosato
Daniel "Dan" Rosato
Investment Professional
Atalaya Capital Management LP
Motonari Komatsu
Motonari Komatsu
Director
Société Générale
Michael Dowling
Michael Dowling
Chief Risk Officer
Dubai Aerospace Enterprise
Masao Kasatsugo
Masao Kasatsugo
Counsel
Pillsbury Winthop Shaw Pittman LLP
Olivia Matsushita
Olivia Matsushita
Partner
Pillsbury Winthrop Shaw Pittman LLP
Hal Calamvokis
Hal Calamvokis
Director - Aviation Finance
Standard Chartered
Yoichi Hirotani
Yoichi Hirotani
Airborne Capital Limited
Richard Finlayson
Richard Finlayson
Director, Head of Asset Finance & Leasing, Asia Pacific & Japan
Deutsche Bank
Tetsuya Nozaki
Tetsuya Nozaki
Managing Director
Asahi Aviation
Kunihiko Arai
Kunihiko Arai
Head of Aviation Investment
Mercuria Investment
Wilhelm Steinmark
Wilhelm Steinmark
Director, Structured Credit
Deutsche Bank
Robert Sheldon
Robert Sheldon
Managing Director and Head of Transportation ABS
Deutsche Bank
Matthew O'Sullivan
Matthew O'Sullivan
Head of Commercial Securitisation
M&G Investments
Marie-Aude Gagnon Rousseau
Marie-Aude Gagnon Rousseau
Air Canada
Richard Munden
Richard Munden
Partner
Carey Olsen
Bobby Janagan
Bobby Janagan
Managing Director
Rolls-Royce & Partners Finance
Antony Snelleman
Antony Snelleman
Co. CCO and Head of Global Risk
Aergo Capital Asia Limited
Suren Ratwatte
Suren Ratwatte
Independent Consultant and Lecturer
-
Suren Ratwatte
Suren Ratwatte
Independent Consultant and Lecturer
-
Romain Chambard
Romain Chambard
Head of Marketing
Rolls-Royce
Takahiro Matsumoto
Takahiro Matsumoto
Managing Executive Officer
FPG
Paul Jenkins
Paul Jenkins
Head of Technical, Risk and Asset Management
McLarens Aviation
Duane Pfennigwerth
Duane Pfennigwerth
SMD
Evercore
Peter Chang
Peter Chang
Principal
Chang & Associates
Rupert Leggett
Rupert Leggett
VP Trading
FPG Amentum
Gerry Power
Gerry Power
Chief Commercial Officer
Power Aviation
Ed Hansom
Ed Hansom
Chief Investment Officer
Sirius Aviation Capital
Brian O'Callaghan
Brian O'Callaghan
Partner
Deloitte Ireland
Mark Degnan
Mark Degnan
Director (Restructuring Services)
Deloitte Ireland
Eamonn Forbes
Eamonn Forbes
Chief Commerical Officer
FPG Amentum
Ken  Fennel
Ken Fennel
Partner - Restructuring Services
Deloitte Ireland
Peter Huijbers
Peter Huijbers
Director
PH Aviation Asia
Philip Ziegler
Philip Ziegler
Risk Decision Maker, Risk
Citibank, N.A.
Richard Hammond
Richard Hammond
Global Head of Customer Finance
Boeing Capital
Kieran O'Keefe
Kieran O'Keefe
Managing Director, Head of Advisory
MUFG
Patrick Clancy
Patrick Clancy
Principal
KKR
Eddo Weijer
Eddo Weijer
VP, Head of Engine Transactions
GA Telesis, LLC
James Mellor
James Mellor
Executive Director, Aviation Sector
Natixis
Kwangmoon So
Kwangmoon So
Author and Alternative Investment Specialist / Deputy Director
Ministry of Economy and Finance

 

** To view the latest agenda (updated daily) with our stellar line-up of speakers, simply click on the 'DOWNLOAD AGENDA' tab above **
 


Pre-Tour Ishka Media Briefing  Monday 12th October, 12:30 BST.

Before Ishka embarks on its World Tour, we are holding a special media briefing with six of our key speakers on the state of commercial aviation and aircraft finance market with an open Q&A session for journalists. 

Please email: Fiona Benharoosh for details. [email protected]


DAY 1 • Monday 12th October

Opening Show | Market Update and Forecasting

 

Global Welcome Broadcast Video 14:00 GMT

 

What is the new normal? The global industry forecast 14:10 GMT (15 Minute Keynote)

  • When and how will leisure and business travel recover?
  • Exploring where demand for international travel will be in the next 12-18 months. When can the industry expect demand to bounce back to 2019 levels?
  • What is the economic outlook of the travel and freighter industry today and in the near future?

 

Inside the race for a Covid-19 vaccine (10 Minute Presentation)

  • What are the current viable prospects for an effective vaccine and how quickly could it be globally distributed?
  • Exploring where the virus has most effectively been contained.

 

Keynote airline panel: Fleets, new debt opportunities and the future (Panel Discussion)

  • What are the most important considerations for fleet restructuring and planning over the next six months?
  • What is the reality of working with lenders and lessors in the current market?
  • Can investors fill the current funding gap?

 

What to do with excess aircraft: Supply and demand scenario forecasting (Presentation)

  • How will the market address the level of surplus aircraft in circulation?
  • Discussing the Ishka forecast of order and retirement curves.

 

View from the C-Suite across aviation finance (Keynote Panel)

  • Surviving the crisis - how have lenders and lessors managed their existing portfolios?
  • What do investors need to know and what are their key questions.
  • How to balance existing portfolio requirements and new investment opportunities.
  • Surviving the crisis - uncovering the most impressive innovations and biggest surprises during the pandemic.
  • How do you think 2020 will compare to 2021?

 

Networking Think Tank: How will the industry have to evolve? (Networking Session)

  • Leveraging the data and discussion of the day, how can the industry best manoeuvre itself in the new normal?
  • What will leasing companies look like moving forward? What changes can the industry expect?

This session will split delegates into smaller groups to share their opinion and forge new ideas. Each group has a moderator who will present their group’s key takeaways in a quick panel recap.

 

VIP Keynote - TBA (Presentation)

 

 

DAY 2 • Tuesday 13th October

Updates from the Pacific: Hong Kong, China and Korea

 

Greenshoots or Red Herrings? Current outlook of Asian Aviation (Presentation)

  • Exploring the pattern of load factors in China throughout the crisis to date.
  • An overview of regional airline health and government support.
  • What is the economic growth forecast for Asia?

 

Opportunities for Korean investors today (Panel Discussion)

  • Exploring aviation opportunities for Korean investors in the market.
  • Which lenders/investors are still active in this space?

 

What deals will lenders support? (Panel Discussion)

  • What is the current credit and syndication appetite among banks?
  • Examining what it will take for the banks to return to the aviation market.
  • What are typical spreads and LTVs today?
  • How are lessors and airlines sourcing liquidity at this stage?

 

The next steps for Asia’s aviation hubs (Panel Discussion)

The debate over where Asia’s next hub for aviation finance is not a new one. Has the crisis catalysed change for Asia’s next aviation hub?

 

How different is the Chinese leasing market to the rest of the world? (Panel Discussion)

  • How are Chinese lessors shifting their strategic focus over a short period of time?
  • How have Chinese lessors adapted to a significant fall in residual values?
  • Exploring the impact that the ARJ21 will have on the domestic market.


Networking Session - TBD (Networking Session)

 

Leading the Crisis: Fireside Chat (Interview-style Discussion)

 

 

DAY 3 •  Wednesday 14th October

Live in Tokyo | JOLCO and Investor Appetites

 

Unpacking Japan’s current investor appetite, airline health and economic outlook (Presentation)

  • An overview of the region’s industry forecast.

 

How severe is the JOL and JOLCO market slowdown? (Panel Discussion)

  • How has the JOL and JOLCO market been tested and what is the investor appetite for both?
  • How have JOL and JOLCOs dealt with rent deferral requests?

 

Investing in infrastructure finance: Private airports (Panel Discussion - Japanese Language)

  • Exploring the opportunities in aircraft finance and infrastructure finance with airport privatisation.
  • Where do investors see opportunities?
  • How do airports approach full service vs low-cost carriers?

 

What is the risk appetite for regional banks and insurance providers to financial institutions? (Panel Discussion - Japanese Language)

  • Unpicking how banks and financial institutions view the recovery of the industry.
  • How do the regional banks read current values? Do they see opportunity in depressed values?
  • What is their appetite for JOL and JOLCO?

 

How are lessors and investors impacted by Chapter 11 airline bankruptcies? (Presentation - Japanese Language)

  • How do airline bankruptcies like LatAm impact JOLCOs?
  • What limitations should investors be aware of?
  • The benefits and limitations of the Cape Town Convention with regard to bankrutpcies.

 

TBD (Networking Session)

 

The future for Japanese investors (Keynote Presentation)

  • How has this crisis tempered investor risk appetites?
  • Where do they see the opportunities?
  • What is the future for equity investors?
  • Have any JOLCOs been successfully restructured?

 

 

DAY 4 • Thursday 15th October

Europe | The Metal and Money

 

The European outlook (Presentation)

  • Examining the credit health of Europe’s airlines.
  • What is the economic outlook for the region?
  • What is the credit and investment appetite for aviation in Europe?

 

Just wait and see? A European banker’s perspective (Panel Discussion)

  • What is the general credit appetite among banks?
  • Are banks willing and able to syndicate?
  • Exploring bank lending strategies post Covid and Basel IV.
  • How have terms changed and what can borrowers expect?

 

Precious metal: Understanding assets from an investor perspective (Panel Discussion)

  • Which aircraft types will bounce back and where will new opportunities be?
  • How is widebody performance expected to impact their long-term market value? Will they return to a growth trajectory?
  • Exploring whether the A220 is designed as a narrowbody or regional aircraft. Do lessors expect it to recover more quickly than A320s and 737s?

 

What impact has an influx in supply had on the part-out market? (Panel Discussion)

  • What effect will aircraft surplus have on repair facilities?
  • How will operators be impacted by increasing costs?
  • Where do premiums still exist in the part out market?

 

When will the market see a surge in demand for spare engines? (Panel Discussion)

  • When will airlines burn through green time and need spare engine capacity?
  • How are engine lessors and investors adapting their strategies to cope with the market shifts since Covid-19?
  • What are the risks and opportunities in the spare engine market?

 

The future of freighters: Which aircraft types will dominate the market? (Panel Discussion)

  • Forecasting the freighter market - understanding the rush to conversion.
  • How will factory freighters compete with converted freighters in the next few years? How does this affect residual values?
  • Uncovering opportunity at the lower end of the spectrum for investors: turboprops, widebodies, engines etc.

 

The fruits of our LIBOR (Presentation)

  • How are airlines able to prepare for new LIBOR terms?
  • What do lessors and airlines need to know to prepare for LIBOR transitions in 2021 and why is it so important?
  • Understanding the best way to derive a new term structure from the current structures circulating.
  • Examining the pros and cons of different LIBOR term structures for airlines.

 

Networking session/Networking cocktails

Share your thoughts on the discussions of the day and make your own cocktails with Ishka’s resident mixologist and chairman Gehan.

 

When will the deferral season end for OEMs? (Keynote Panel)

  • Exploring current production rates. What happens when production rates go into limbo?
  • Which aircraft types are in oversupply with a lack of demand as a result of the Covid-19 crisis? What effect will this have on the lessors with these aircraft types in their portfolio?
  • How are OEMs negotiating with airlines?
  • What are OEM strategies for building and selling aircraft throughout the next 12 months.

 

 

DAY 5 • Friday 16th October

On the Tarmac I Airlines

 

Winter wonderland or bleak mid-winter for airlines? (Panel Discussion)

  • Are airlines heading into winter from a position of strength or concern?
  • What innovations do airlines need to make now?
  • What strategies are airlines putting into place going forward? Exploring measures to reduce cash outflow and costs.
  • Can the industry expect further government support for airlines this winter?


Understanding the long term impact of government support on airlines (Presentation - 10 minutes)

  • Understanding the new airline debt load.
  • What happens when government support packages for airlines run out? When is state support expected to dry up?
  • How do state supported airlines compare to those who searched for alternative financing structures?

 

Incorporating ESG into new business models (Panel Discussion)

  • Does ESG still matter to investors after Covid-19?
  • How are European airlines fulfilling their obligations to the green initiatives from government bailouts?
  • Exploring new technology that can assist with fulfilling these green initiatives.

 

Slots, gates and loyalty programmes: Boosting liquidity (Panel Discussion)

  • Uncovering the innovative products airlines have utilised to inject cash into their businesses. How are these structures holding up?

 

Loyalty pays: A case study of United Airlines’ loyalty programme financing (Case Study)

A deep dive into United Airlines’ pioneering financing deal.

 

Slots, gates and loyalty programmes: How are Investors getting comfortable with new collateral? (Interview- style Discussion)

  • What type of yields are investors getting out of new types of collateral?
  • Exploring the legalities behind investing and owning new types of collateral.
  • Are these new types of collateral secure if an airline enters bankruptcy? What value do they have if an airline enters bankruptcy?
  • What can investors do to protect themselves in this market?

 

Lessons learned from airline restructurings (Panel Discussion)

  • Informal vs formal restructurings: best practices and things to watch out for.
  • What new debt and lease terms should lenders and lessors reasonably expect?
  • How can lenders and lessors work more closely with airlines throughout the restructuring process?
  • Exploring the options for Latin American airlines in the face of scarce government support.

 

Fleet planning in a crisis: What to keep and what to cut? (Panel Discussion)

  • What aircraft are core to current airline fleets?
  • Which aircraft are parked temporarily and permanently?
  • How does the fleet restructuring strategy of a typical LCC compare to a legacy carrier?
  • How have airlines adapted their maintenance needs while many aircraft are parked .

 

Networking Think Tank: Keeping happy and healthy remotely (Networking Session)

  • What has your experience of remote working been?
  • What should employers do to facilitate their staff’s well being?
  • Has your company done anything unusual you would recommend to others?

 

New airlines spotlight (Panel Discussion)

  • What will the airline market look like coming out of this crisis?
  • What permanent changes will become apparent?
  • Do increased airline bankruptcies create a gap in the market for new carriers?

 

 

DAY 6 • Monday 19th October

Dublin Aviation Finance Festival | Trading and Values

 

Aircraft trading: Finding premiums in the pandemic (Panel Discussion)

  • What activity is actually happening in terms of asset trading? Who is purchasing aircraft?
  • Where are sale and leasebacks happening?
  • How do aircraft values compare to this time last year?
  • Where is there oversupply in the market?
  • Are any aircraft trading profitably, or have we reached the ‘bottom’?
  • Exploring the pros and cons of extending leases on older assets versus buying new assets. (777X vs the 777-300ER)

 

Comparing the market: Post-crisis valuations (Panel Discussions)

The following questions will be discussed across four smaller sessions focusing on narrowbodies, widebodies, regionals and engines.

  • Why have some appraisers downgraded their values while others haven’t?
  • How have high appraisers altered their base values?
  • How do appraisers continue making valuations going forward? How will values will look in two months vs two years?
  • How has the MAX valuation changed since the outbreak of Covid-19?

 

Lessor portfolio strategies: Trading without an ABS market (Panel Discussion)

  • What are lessors trading strategies for 2020/2021?
  • How are aircraft being remarketed given residual value loss? Can lessors trade profitably?
  • The lessor view of fleet management and restructuring.
  • What needs to be considered when purchasing an aircraft in an unstable market?
  • Which aircraft types are coming back into service?
  • How can lessors/airlines mitigate risk against the aircraft types no longer in demand?

 

The Price is Right: Ishka valuation quiz (Networking)

Polling for Pricing Benchmark

 

How are airlines and lessors reporting and managing impairments? (Presentation)

  • Understanding new accounting standards.
  • How does this aid reporting?
  • When do impairments need to be crystalised?
  • How will this affect the sale of aircraft?

 

How will the industry cope with new debt waiver requests or potential lessor restructurings? (Panel/ Case Study)

  • How have banks managed demands to adapt debt terms or covenants so far?
  • How can banks and lessors work together to offer forbearance to airlines?
  • How far are banks and investors willing to go to restructure debt?

 

How to repossess aircraft in lockdown (Presentation)

  • Best practice for successful repossession.
  • How can an aircraft owner safeguard records?
  • Exploring how lessors can best prepare their repossessed assets in a saturated aircraft market.
  • What have lessors experienced so far with repossessions?
  • If a lot of aircraft are being returned, how do lessors model maintenance reserves?

 

 

DAY 7 • Tuesday 20th October

Dublin Aviation Finance Festival | Leasing into 2021

 

Middle Eastern airlines: How to best manage widebodies? (Keynote Panel)

  • What's the strategy today for Middle Eastern airlines?
  • How has recent levels of demand impacted route network analysis?
  • How have airlines managed to work with leasing partners to help address costs and plan for the recovery?

 

Restructured airlines: What is happening to the leased aircraft?

  • Uncovering the best case and worst-case scenarios.
  • What should lenders, investors and arrangers be aware of?
  • What should lenders, or lessors, concede or contest?

 

Lessor CEO panel: Forecasting with a murky crystal ball (20 min Panel Discussion + 10 min Q&A)

  • How have lessor businesses changed in the last 6 months?
  • How to balance relationships with airlines, investors and banks?
  • What are the lessons learned?
  • What is the plan when the asset value liquidity buffer dwindles?
  • Uncovering how the cost of grounded aircraft is being managed by lessors.

 

The future of Diversity & Inclusion in aviation finance (Panel Discussion)

  • Examining the current state of diversity and inclusion (D&I) in aviation finance.
  • What can the industry be doing to improve diversity and inclusivity?
  • What can be done to help the industry with D&I as they navigate redundancy and restructuring?
  • Discussing the policies that key industry players can adopt to create the right workplace culture during this crisis.
  • Exploring strategies to ensure that women and ethnic minorities don’t suffer the brunt of redundancies as the pandemic crisis develops.

 

Exploring airline bankruptcy scenarios in depth

  • What are the distressed strategies for investors?
  • Examining the arguments around a universal bankruptcy code.

 

How are engine lessors preparing for the boom? (Panel Discussion)

  • Why the Covid-19 crisis is very different for engine lessors compared to aircraft lessors.
  • How long will the “green-time lull” last before demand rises?
  • How have engine lessors evolved to meet the crisis?
  • What pitfalls or opportunities lie in the spare engine market?

 

‘Be The Difference’ networking game

Fun, interactive quiz about bias.

 

Keynote: The future of aircraft leasing (Presentation)

 

 

DAY 8 • Wednesday 21st October

Live at the Capital Markets: Investing in the new Aviation Finance

 

Planes, trains and special purpose vehicles: Comparing aviation to other asset classes

  • How has aviation fared vs other asset classes?
  • Why aviation and why now? Why is it a special situation investment? Intrinsic and relative value in aviation investments?
  • Should investors try to pick the bottom of the market?

 

Waiting in the sidelines: How do investors view the current aviation finance market?

  • How do investor attitudes differ between the US, Europe and Asia?
  • How will investors adjust their investment policies going forwards?
  • Exploring the changes in investor risk attitudes.

 

Risk appetite: Something for everyone (Panel Discussion)

  • Where has the industry seen the most activity happening in the market?
  • Where are the sweet spots in debt, equity, ABS and EETCs?
  • Uncovering asset and M&A opportunities for investors over the next 12 months.

 

The role of ECAs and supported finance in today’s COVID-19 world (Panel Discussion)

 

  • How key is support from AFIC, PIIQ, Balthazar and ACG’s AFS product in attracting banking and investor attention to new deals? What support can they offer to investors?
  • How are ECAs coping with claims on existing deals, whilst also supporting new deals?
  • What does the future hold for ECAs and Support Finance in aviation finance?

 

Investor break-out session (Networking)

Networking and ask the expert room

 

What rights do investors have in an EETC? (Presentation)

  • How did the LATAM aircraft rejection work administratively? What rights do investors have if an airline simply returns their aircraft?
  • Do investors have a deficiency claim in an EETC?
  • Exploring how investors should be looking to model EETCs going forward.

 

 

DAY 9 • Thursday 22nd October

New York | ABS

 

Wings over America: Regional market update (Keynote)

  • What challenges have been faced whilst implementing the US CARES act?
  • What is the outlook for airlines in the region?
  • Forecasting the regional outlook for the Americas.

 

Aviation industry health check (Presentation)

An investment bank overview of the industry, the ABS and EETCs markets.

 

ABS shutdown: How are aircraft ABS performing and trading? (Panel Discussion)

  • What is the latest in aircraft ABS performance?
  • Are we seeing trading pick up in A and B notes?
  • What are the stress points in current ABS portfolios?
  • How have investor’s views changed on portfolio composition, diversification and services?
  • If and when we see new deals, what will these look like?
  • Discussing the experience of investors who recently bought C/E notes.

 

Rating in uncertain times (Panel Discussion)

  • How do the rating agencies currently view the ABS market? Why have some deals been downgraded and others have not?
  • How are ratings agencies viewing airlines as credits and aircrafts as assets?
  • What potential is there for the recovery of e-notes?
  • Discussing the possibility of senior tranches going below investment grade.

 

Investor Deal or No Deal: Game Show (Panel Discussion)

  • Under what conditions will the aircraft ABS market re-open for new transactions?
  • How to structure new deals: what is the right level of leverage, portfolio composition and structural protections needed to attract investors?
  • New ABS deals vs a rise in private placements.

 

 

DAY 10 • Friday 23rd October

Last Show of the Tour | Innovations Ahead

 

Opportunities in the crisis: How can asset managers boost returns for investors? (Keynote Presentation)

  • Unpicking the myth or reality of distressed aircraft sales.
  • What and where are the engines of growth?
  • Discussing where the next growth opportunity markets are. India? Indonesia? Vietnam?
  • What was promising before Covid-19 and where should the industry look for returns now?
  • What are unlevered equity returns today?

 

European carriers: Which assets to buy, keep or cut? (Keynote Panel)

  • How are European operators rationalising or increasing fleets today?
  • How do carriers view their existing leases and lending agreements vs new opportunities in the market?
  • What is the plan for the year ahead?

 

Survivors and thrivers: Understanding the changing shape of airline risk

  • Government bailouts: are they enough?
  • What challenges do airline debt mountains pose?
  • What key indicators are now important to monitor?
  • How do your industry risk experts model scenarios?

 

Lenders’ Deal or No Deal: What does it take to say ‘yes’ today? (Panel Discussion)

  • Ishka’s innovative game show panel in which lenders reveal deals they will chase or decline.

 

 

Key Training Sessions and Workshops

Throughout Ishka World Tour

As well as engaging networking sessions and industry-leading panel discussions, Ishka’s World Tour will host a number of in-depth training and educational workshops. These include:

 

Workshop: Unpicking “wobbly” aircraft values for investors

How can lenders and investors reliably gauge asset values in volatile times?

 

Workshop: Understanding airlines credits

How should lessors, lenders and investors adapt their credit models to correctly model the stresses facing airlines in the current environment?

 

Workshop: Getting to grips with airline restructurings

A legal workshop to help lenders, lessors and investors understand the common intricacies, and pitfalls when firms begin either formal or informal insolvency proceedings.

 

Workshop: How to engage your team in lockdown

Key tips and best practices in boosting team morale and productivity when working remotely.

WHO ATTENDS

Institutional investors who have attended previous Ishka Events include:

 

Airlines who have attended previous Ishka Events include:

 

FREE REGISTRATION FOR AIRLINES & NON-BANKING INSTITUTIONAL INVESTORS
Complimentary passes are available (subject to approval by Ishka)

 

ISHKA 2020 DIGITAL WEBINAR SERIES:

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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