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With a $289 billion market second only to the US and fleet growth at 7.2% pa, China cannot be ignored. There is great potential in the Chinese market; the huge number of deals means it can be very lucrative. Fledgling Chinese lessors and manufacturers extend China’s reach yet further.
When we talk of China’s economy, we often hear the word “booming,” but in aviation the story is complex. What will happen as the credit crunch ripples towards China? How will the cargo industry tip itself into profitability? And what are the prospects for China’s low cost carriers?
Many questions remain unanswered and the outlook uncertain. Financiers need to know how airlines intend to cope with the challenges up ahead. Airlines need to discover new ways to access capital. Regulators need to ensure they can support the industry in timely ways.
Airfinance Journal’s forthcoming 6th Annual China Airfinance Conference is an opportunity to speak to all the major players in the Chinese aviation industry. We will be exploring diverse topics including:
- Which financing structures are emerging in China as liquidity dries up world wide?
- The future of the Chinese Lessors in the international and domestic market
- How will the newer private airlines import the low cost carrier model and compete for market share?
- How will the cargo market use its strengths to push forward into profitability?
- Guide to airlines: taxes and charges as well as MRO and infrastructure issues
We expect all the major Chinese carriers to be present at this forum. We will be discussing recent deals, debating the current market environment, and examining future business plans. Almost 200 delegates attended last year; can you afford not to be amongst them this year?
We look forward to welcoming you to Shanghai in June.
Featuring the key speakers:
- Lan Shili, President, China East Star
- Xiu Zhi Zhang, Chief Executive Officer, Spring Airlines
- Chen Yajun, President, Qiantang Airways (raise), Qiantang Airways Industrial Group
- Wang Jialin, President, Shanghai Electric Leasing
- Robert Martin, Chief Executive Officer, BOC Aviation
- Yan Jun, Deputy Head of Banking, ICBC and Executive Vice President, ICBC Financial Leasing
Airlines that have already confirmed their attendance:
China East Star ● Spring Airways ● Juneyao Group ● Qiantang Airways ● Shandong Airlines ● Jade Cargo International ● Okay Airways Co Ltd ● HNA Group Co Ltd ● Air China Limited ● Air China Cargo |
Agenda
Day one: Thursday 26th June 2008
9:30 Chairman’s opening remarks
Garry Burke, Chief Executive Officer, Pembroke
9:40 Keynote address: The future for China’s private airlines
- How can they compete with cash-rich state carriers?
- Managing and modernising capital flows
- Keeping costs down in a planned economy
- What financing options are being explored?
Lan Shili, President, China East Star
10:10 Outlook for the Chinese aviation industry
- Global industry outlook and the implications for China
- Will there be an increase in foreign investment?
- Will there be further consolidation of airlines?
- Domestic and regional vs international growth
Eddy Pieniazek, Director and Head of Consultancy, Ascend
10:40 Morning coffee break and networking hosted by Intrepid
11:30 Airbus vs Boeing: The large aircraft market
- What is the demand for large aircraft in China?
- How will the embargo on licensing new airlines for two years affect business?
- What is the demand for 737 and A320 passenger aircraft?
- Freighter conversion – which aircraft are most sought after?
Moderator: Garry Burke, Chief Executive Officer, Pembroke
Randy Tinseth, Vice President, Marketing, Boeing
Richard Owen Walker, General Manager Customer Marketing, Airbus China
12:10 What is the role of Chinese banks in the market?
- China in a global market – recent changes from a local perspective
- Financing strategies available to the aviation industry
- Building an international network from within the domestic market
- Advice for borrowers – what do banks look for?
- What are their plans for their aircraft leasing business?
Yan Jun, Executive Vice President, ICBC Financial Leasing
12:40 Lunch hosted by GECAS
14:10 How can Qiantang Airlines win market share?
- Which financing options do they favour?
- Strategies for keeping costs down
- What challenges do new entrants face?
- Where have they found support when crafting solutions?
Chen Yajun, President, Qiantang Airways (raise), Qiantang Airways Industrial Group
14:40 What is the outlook for the operating lease market?
- Security and repossession of aircraft in China
- Selecting local representatives – what service level do financiers expect?
- Maintaining the residual value of an asset – building relationships with MRO providers
- How are engines treated differently to aircraft?
- What challenges do lessors face when managing maintenance records?
Moderator: Garry Burke, Chief Executive Officer, Pembroke
Robert Martin, Chief Executive Officer, BOC Aviation
Joseph O’Brien, Executive Vice President, Sales, ELFC
Steve Oldenburg, Executive Vice President, CT Aerospace
Li Liu, Senior Vice President, GECAS China
15:40 Afternoon tea break and networking hosted by Intrepid
16:10 How big could Chinese aircraft leasing companies get?
- How will Chinese lessors compete with foreign lessors?
- The future of the Chinese banks in the leasing market
- Looking abroad: Asia and the rest of the world
Wang Jialin, President, Shanghai Electric Leasing
16:40 What financing options are available for Chinese carriers?
- Structures that are emerging with liquidity drying up globally
- What will be the effect of the contraction of products available?
- What is the future of the French lease and the Japanese operating lease?
- What are the prospects for receivable ticketization?
- Aircraft securitization – is there still mileage in the idea?
- Aircraft Sector Understanding and its influence on export credit in China
Moderator: Garry Burke, Chief Executive Officer, Pembroke
Robert Morin, Head of Transport, Export Import Bank of the United States
Nicolas Parrot, Head of Aviation Finance Group, Asia-Pacific, BNP Paribas
Peter Hammond, Global Aviation, Asia Pacific, Citi
Paul Zaman, Global Head Aviation – Energy, Commodities & Transportation, Fortis
17:20 Chairman’s closing remarks
Day two: Friday 27th June 2008
9:30 Chairman’s opening remarks
Alasdair Whyte, Group Publisher, Airfinance Journal
9:40 Keynote panel: Importing the low cost carrier model to China
- How are these carriers attracting customers?
- Can start up and private carriers compete with legacy airlines?
- Foreign investor appetite for Chinese carriers
- How can they use the secondary airports?
- What cost cutting strategies can they use?
Moderator: Johnny Lau, Managing Director, Global Head - Aviation Finance, A Chinese Leasing Company
Xiu Zhi Zhang, Chief Executive Officer, Spring Airlines
Senior Representative, Juneyao Group
10:20 China’s Cinderella: Unlocking the potential in the cargo market
- When will cargo carriers become profitable?
- What is the outlook for China’s cargo market?
- Update on the freighter conversion market
- Managing the volume of cargo – impact of the A330
- How has the joint venture strategy been successful?
Ron Anderson, Chief Executive Officer, Intrepid Aviation
10:50 Morning coffee break and networking hosted by Intrepid
11:50 Rise of the regions: Outlook for regional aircraft
- Outlook for Chinese manufacturers
- Inland airfield expansion – is there room to grow here?
- Further consolidation of smaller airlines?
- Growth of domestic flight paths
Trung Ngo, Vice President of Marketing and Communications, Bombardier
Guan Dong Yuan, Chief Representative and Managing Director, China, Embraer
Franklin Tian, Sales Director, ATR China
12:30 What is the outlook for engine manufacturers in China?
- Where will the growth come from?
- Is there a place for PMA parts?
- Benefits of establishing a base in China
Stephane Garson, General Manager Product Marketing, Commercial Engines, CFM
13:00 Lunch
14:45 Guide for airlines: Legal and regulatory issues
- What legal and tax reforms would encourage the industry to grow?
- Managing the market – fuel and aircraft purchases
- Exit financing strategies
- How well tested is the present regime?
- Strategies for lobbying the government about withholding tax relief
- Will a direct tax on lease rental be introduced?
- Structuring the JOL – how will FIEL affect availability?
Bob Melson, Partner, Latham & Watkins
15:20 Supporting airlines: MRO shops, infrastructure and airports
- Global competition – how do Chinese MRO shops differentiate themselves?
- How do MRO companies get their hands on increasingly scarce resources?
- Attracting technical skills in a competitive market
- Winning business in a ten airport market
- Strategies for investing in airports
15:50 Chairman’s closing remarks and close of conference followed by afternoon tea hosted by Intrepid
For further information, please contact:
Sarah Rixom, sarah.rixom@euromoneyasia.com - for speaking opportunities
Graham Sherwood, gsherwood@euromoneyplc.com - for sponsorship opportunities
Olivia Wong, olivia.wong@euromoneyasia.com - for registrations and marketing opportunities
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