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Indian aviation is booming. Demand is through the roof. The infrastructure is improving, Indian carriers are taking to international skies, and liberalisation means private players are welcomed. It’s a market everyone is watching.
But India is beginning to creak under its own demand. Airports, infrastructure and regulations are struggling with the sheer number of passengers. Airlines need to know the new options available to them in this changing environment. Financiers need to understand the strategies of different carriers. Do you have the information to judge who will be the winners and losers?
The 3rd Annual Indian Airfinance Conference provides a perfect opportunity for delegates to debate and discuss the key industry questions:
- How are finance options changing? What new finance options are available?
- How will international expansion and continuing consolidation of Indian carriers change the industry?
- What will be the impact of Cape Town and ASU?
- Will infrastructure keep up with demand? What are airports and training schools doing to get ready for the new orders coming in?
- What industries and markets are growing? Where are regulators intending to guide the market?
Over 200 delegates are expected at Airfinance Journal and Euromoney Seminars’ 2008 event. All the major airlines are expected to be there. We will be taking an in-depth look at recent deals, examining the current market environment, and presenting future business plans. If you want to maximise your presence in the Indian aviation industry, can you afford to miss out?
Register today and we will look forward to welcoming you to New Delhi in March.
Featuring the following key speakers:
- AKR Nedungadi, President and Chief Financial Officer, UB Group
- Jeh Wadia, Chief Executive Officer, Go Air
- M Thiagarajan, Chief Executive Officer, Paramount Airlines
- Saroj Datta, Executive Director, Jet Airways
- Riyaz Peermohamed, Chief Financial Officer, IndiGo
- Anand Ramachandran, Vice President Finance, Air Deccan
- Vipula Gunatilleka, Chief Financial Officer, SriLankan Airlines
- Vipin Vohra, Managing Director, Continental Carriers, former President, Air Cargo Agents Association of India
- S Bharath, Managing Director, Cochin International Airport
- Anna Roy, Director, Public-Private Partnerships, Ministry of Civil Aviation
- Robey Lal, Aviation Development Advisor, former Country Manager, IATA, former Member (Operations), AAI
- Kapil Kaul, Chief Executive Officer, India, Centre for Asia Pacific Aviation
AGENDA - Day one: Thursday, 13th March 2008
08:15 Morning coffee and registration
09:00 Opening remarks of the chairmen
Ajeeth Narayan, Structured Finance, Investec
Shardul Shroff, Managing Partner, Amarchand Mangaldas
09:10 Keynote address: Jet Airways - taking to international skies
- Explaining Jet’s amazing international growth
- How does Jet choose funding options?
- How was the acquisition of Air Sahara structured and how has the consolidation affected the market?
- Navigating Europe’s Emissions Trading Scheme in Brussels
Saroj Datta, Executive Director, Jet Airways
09:40 Forecasts for 2008 in light of the events of 2007
- Comparing perceptions of the Indian market with the rest of the world
- The results of the drive towards liberalisation
- Is there a short-term glut in capacity?
- What is the role of risk managers in this booming sector?
- How will the cargo industry grow?
- Outlook for consolidation - how many airlines does India need?
- Is environmentalism part of the equation in India?
Kapil Kaul, Chief Executive Officer, India, Centre for Asia Pacific Aviation
Robey Lal, Aviation Development Advisor, former Country Manager, IATA, former Member (Operations), AAI
10:10 Industry landscape 1: The large aircraft market - Boeing vs Airbus
- Comparing the industry landscape in India with the rest of the world
- What is the effect of the deliveries backlog on the Indian industry?
- Can the A380 do India to the US non-stop without payload restrictions?
- Large aircraft manufacturers’ market forecasts for India
Kiran Rao, Executive Vice President Marketing and Contracts, Airbus
Dinesh Keskar, Senior Vice President Sales, Boeing
10:50 Morning coffee and networking
11:30 Panel discussion: Reviewing the finance options available to carriers
- In what parts of the industry are new operating leases being taken out?
- The outlook for private equity and hedge funds as investors
- How does going to IPO benefit a carrier?
- How are local banks involved in syndications?
- The effects of the withdrawal of the withholding tax exemption
Riyaz Peermohamed, Chief Financial Officer, IndiGo
VK Suri, General Manager, Finance, NACIL
Anand Ramachandran, Vice President Finance, Air Deccan
Vipula Gunatilleka, Chief Financial Officer, SriLankan Airlines
12:30 Europe and ETS - the local Indian and global implications
- How will global owners, operators and financiers be affected?
- What are the preparations Indian carriers will have to start making now in time for 2010/12?
- What do Indian carriers flying to Europe today have to consider about Emissions Control?
Tom Budgett, Partner, Berwin Leighton Paisner
12:50 Lunch sponsored by Berwin Leighton Paisner
14:20 Panel discussion: What are the new opportunities for aircraft lessors?
- Market landscape from the lessors’ point of view
- What are the strategies that lessors use to navigate the confusing regulatory landscape?
- How can tax-based savings be passed on to carriers through operating leases?
- Security and repossession of aircraft in India
Moderator: Guy Liddle, Head, Aviation and Aerospace Group, Stephenson Harwood
Steven Townend, Deputy Managing Director, Commercial, BOC Aviation
Spiro Farougias, Marketing Director, Oasis Leasing
Cian Dooley, Chief Commercial Officer, Genesis Lease
14:50 Panel discussion: Reviewing finance options provided by local and international banks
- What are the financing structures available to carriers?
- The foreign banks’ appetite for the Indian market
- Hedging risk in an untested market - interest rate swaps, FX swaps and fuel derivatives
- Should Indian carriers access the public capital markets using EETCs?
- Which local banks are involved in financing the industry and how?
- What is the industry landscape and what are the expected challenges in the next year?
Moderator: Alok Wadhawan, Structured Finance, Investec
Peter Hammond, Director, Global Aviation, Citi
Patrick Käufer, Managing Director, Head of Aircraft Financing, Morgan Stanley
Bertrand d'Heucqueville, Director, Head of Aviation Finance EMEA, BNP Paribas
Olaf Sachau, Head of Aviation, HSH Nordbank
Sanjiv K Agarwal, Vice President, Project Advisory and Structured Finance, SBI Capital
15:40 Afternoon coffee and networking
16:10 Export credit as a source of finance for Indian carriers
- Who in the Indian aviation industry uses export credit as a source of finance?
- What will be the impact of Aircraft Sector Understanding on India?
- What effect will the ratification of the Cape Town Treaty in India have on aircraft financing?
Robert Morin, Head of Transport, Exim Bank of the US
Jan von Allwörden, Head of Underwriting, Executive Board, Euler Hermes Kreditversicherungs, Germany – AG, FECGD
Paul Walsh, Manager, Aerospace Underwriting, ECGD
16:50 Panel discussion: Regulating the regions - uneven development in India
- The development of the North East
- The effect of the new Regional Aviation Policy - mapping the US model
- Will the new regional licence category undermine present regional players?
- Legal and tax variation - stamp duty, fuel tax, withholding tax, security filing and insurance requirements
- Tips for taking and enforcing security interest in context recent experience?
Shardul Shroff, Managing Partner, Amarchand Mangaldas
Ravi Nath, Partner, Rajinder Narain and Co
Nimesh Vakil, Partner, Tyabji Dayabhai
17:30 Closing remarks of the chairmen followed by cocktail reception sponsored by GECAS
Day two: Friday, 14th March 2008
08:30 Morning coffee
09:00 Chairman’s Opening Remarks
Alasdair Whyte, Group Editor, Airfinance Journal
09:10 Keynote interview: Go Air - where does it aim to go?
- Business strategies and aims for the future
- How can airlines cut costs to ensure they survive?
- Cost cutters or cowboys? Safety considerations
- Funding selection options
- What Go Air feel the challenges in the market will be in the next year
Jeh Wadia, Chief Executive Officer, Go Air
09:40 Case study: Competing for the India - Gulf route
- How will the market landscape on the India - Gulf route change?
- What are the best strategies to use to increase market share?
- What does this mean for Indian carriers’ international expansion generally?
Abdulrahman Albusaidy, Group Executive Officer, Jet Airways
10:10 Morning coffee and networking
11:00 Panel discussion: Keeping up with demand - what are airports doing?
- What are the Ministry’s initiatives to improve airport infrastructure?
- How do they plan to execute the central government approach?
- What are airports doing to improve flow of air traffic and passengers?
- How are they working together with airlines and cargo carriers?
- Making air traffic control efficient through collaboration with the Indian Air Force
- Next bids: Navi Mumbai, Greater Noida, Kolkatta, Chennai, others?
Moderator: Anna Roy, Director, Public-Private Partnerships, Ministry of Civil Aviation
Saurabh Sood, Head of Airport Infrastructure India, GE Commercial Finance
11:40 Cargo - a growing industry
- How is India’s international cargo carrier industry improving?
- Why are some passenger carriers branching out into cargo?
- Are cargo carriers strengthening domestically?
- Which financial options are they choosing and why?
- What are the alternatives to converted freighters?
Vipin Vohra, Managing Director, Continental Carriers, former President, Air Cargo Agents Association of India
12:10 Lunch
13:40 Keynote address: Paramount - the plan
- The business plan and strategies
- Funding selection options
- What will be the challenges in the market next year?
M Thiagarajan, Chief Executive Officer, Paramount Airlines
14:10 Industry landscape 2: The regional market - Embraer, Bombardier and ATR
- How does India service the regions compared with the rest of the world?
- Is there a carrier that dominates the regional market?
- Regional manufacturers’ market forecasts for India
- What is the outlook for business jet’s in India?
Moderator: Andrew Wilcox, Partner, Debevoise & Plimpton LLP
Mario Formica, Vice President, Marketing, ATR
Ngo Trung, Vice President, Marketing and Communications, Bombardier India
Orlando Ferreira Neto, Managing Director, Embraer Asia Pacific
15:00 Afternoon coffee and networking
15:30 Where are the growth opportunities for engines in India?
- Which fuel efficient engines are becoming popular because of soaring fuel prices?
- How do lessors ensure that the residual value of engines is maintained?
- Will engine shops and PMA shops take hold in India?
- Engine selection techniques of carriers
Francois Xavier Hussenet, Marketing Director, CFM
16:00 Ground handling, personnel and MRO shops
- What are the benefits to Indian carriers of investing directly in ground operations?
- Foreign Direct Investment in ground handling and MRO shops
- The trend set by policies that have affected the pool of skilled workers in aviation
- What is the government doing to improve the personnel shortage?
Preeti Malik, Vice President, Avalon Aviation Academy
Ankur Bhatia, Executive Director, Bird Group
16:30 Chairman’s closing remarks followed by close of conference
For further information, please contact:
Sarah Rixom, srixom@euromoneyplc.com – for speaking opportunities
Andrew Leggatt, aleggatt@euromoneyplc.com – for sponsorship opportunities
Winnie Louie, winnie.louie@euromoneyasia.com – for registrations and marketing opportunities
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