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The school is designed to provide delegates with an overview of the aviation finance market and a comprehensive understanding of how to structure aircraft finance transactions. The agenda is updated each year to ensure that the most recent developments affecting your business are covered. Over three days, attendees are provided with both theoretical overviews and practical case study work which, on completion, allows each participant to immediately walk away with the knowledge required to execute aviation finance deals.
Attending will allow you to:
- Understand the pros and cons of the different financing methods available and how to select the most appropriate for each transaction
- Hear industry specialists explain the fundamentals of operating leases, manufacturer finance, export credit, and the main sources of finance and how you can apply these in aircraft financing
- Benefit from the combined knowledge of the Faculty who have experience of working on hundreds of transactions in a variety of different jurisdictions
Work in groups with other aviation professionals from around the world and build new business relationships over three days
CASE STUDY
The case study exercise forms a key part of the learning process in the school. Attendees will be divided into teams and the latter part of Wednesday 2nd July and Thursday 3rd July will be devoted to the case study work. This will be analysed by the Faculty and prizes will be awarded to the winning team.
Spaces at the school are limited, ensuring that everyone on the course is able to put their specific questions to the Faculty and receive dedicated instruction. This is clearly welcomed by participants – each year our European, Hong Kong and New York Schools sell out weeks in advance. So register your place today to ensure you don’t miss out on the 2008 European Summer School of International Aviation Finance.
Wednesday, 2nd July, 2008
8.30 Registration
9.00 School and case study introduction
Justin Benson, Partner, White & Case
Mark Stakem, Senior Vice President, Aviation Finance, HSH Nordbank AG,London Branch
Marc Gregory, Head of Legal, HSH Nordbank AG, London Branch
Adrian Beasley, Partner, White & Case
9.30 Industry overview: A general review of the current and prospective state of the aerospace industry
Eddy Pieniazek, Director of Consultancy, Ascend Worldwide
10.15 Morning coffee
10:45 Introduction to aircraft finance
Sources of finance – an overview
- The state of the industry
- Case study
- General introduction
- Asset–backed securities
- ETCs / EETCs
- Securitisation
- Conduits
- Leases – finance and operating
- Structuring aircraft finance transactions
Mark Stakem, Senior Vice President, Aviation Finance, HSH Nordbank AG, London Branch
12:30 Lunch
13.45 Security type issues
- Loan vs lease – structural issues
- Security package
- Flexibility
- Registration
- Choice of law
Justin Benson, Partner, White & Case
14.40 Export credit
- Why do they exist?
- What do they do?
- Export credits and the aviation market
- Future trends
Gordon Welsh, Head of Aerospace Finance, ECGD
15.25 Coffee break
15.45 Technical aspects of managing an aircraft loan/lease
- How we maintain aircraft, check cycles, maintenance programmes etc
- Cost of aircraft maintenance, airframe, engines, landing gear, APU
- Aircraft maintenance status as a component of aircraft value, setting reserve rates and use of reserve
- Certification issues, FAA, JAA, EASA and moving aircraft between jurisdictions
Nick Brice, Technical Manager, Montrose Global Capital LLP
16.25 Operating leasing
Airline financing trends
- Drivers of leasing popularity
- Airline financing decision matrix
- Aircraft investment risk
- Conclusions
Martin Sutton, Vice-President – Commercial, Pembroke Group Limited
17.00 Introduction to case study
18.20 Drinks
19.00 Welcome dinner
Thursday, 3rd July, 2008
9.00 Morning coffee
9.10 Manufacturer support
- Why do we need customer finance?
- How do manufacturers support their products (including a review of the procedure for the sales process)?
- Why are aircraft a good investment?
Anthony Simpson, Managing Director - European Region, Boeing Capital
Corporation
Tom Dreckmann, Director Customer Finance, Airbus
10.00 Coffee break
10.20 The Cape Town Convention
- What is it?
- What is its purpose?
- What interests does Cape Town cover?
- Remedies
- How will Cape Town registrations be made?
Adrian Beasley, Partner, White & Case
11.00 Case study breakouts with faculty guidance
12.20 Lunch
13.50 Credit and risk issues
- Aircraft security – how protected are you?
- Key drivers of successful airline management
- Competitive environment & market positioning
- Financial analysis
- Jurisdiction risk
- Transaction structure
David Swan, Chief Operating Officer, RBS Aviation Capital
14.50 Debt workouts
- Re-scheduling
- Workouts
- Bankruptcy / administration
Dan Hamilton, Partner, White & Case
15.30 Coffee break
15.50 Financing: An airline’s view
- The importance of a strong business and asset
- Formulating a financing strategy
- Executing a financing strategy
Brian Jeffery, Senior Vice President – Corporate Treasury, Emirates
16.15 Case study breakout with Faculty guidance
17.45 Drinks
19.00 Dinner
Friday, 4th July, 2008
8.30 Morning coffee
8.45 Asset management and remarketing
- Assessment of exposure
- Selection of remarketing services provider
- Ongoing management of exposure
Bill Cumberlidge, Head of Aviation Asset Management, Allco Finance Group
9.30 Insurance considerations
- Insurance considerations for lender / borrower
- What risks should be covered and for how much?
- Breach of warranty
- Loss payee clauses
- Captive insurers
Tony McCarthy, Executive Director, Willis Aerospace
10.15 Coffee break
10.30 Case study preparation
11.00 Case study presentations
12.50 Closing remarks from the Faculty
13.00 Lunch and close of school
For further information, please contact:
Louisa Jones, ljones@euromoneyplc.com - for further details on the agenda
Georgia Thomas, gthomas@euromoneyplc.com - for registrations and marketing opportunities
Graham Sherwood, gsherwood@euromoneyplc.com - for sponsorship opportunities
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