Airfinance Journal Japan 2019

11-12 April 2019

The Peninsula Tokyo

Tokyo, Japan

  • Sponsors >

  • Development Bank of Japan
    Platinum Sponsor
  • FPG/FPG Amentum/FPG Aim
    Gold Sponsor
  • Mitsubishi UFJ Lease & Finance Company Limited
  • Bocomm Leasing
    Silver Sponsor
  • Mitsubishi Aircraft Corporation
  • Sumitomo Mitsui Trust Bank, Limited
  • Citi
    Bronze Sponsor
  • Nishimura & Asahi
  • Novus Aviation Capital
  • Ping An International Financial Leasing Co. Ltd.
  • Hong Kong Aircraft Leasing and Aviation Finance Association
    Supporting Organisation

Event Overview

Airfinance Journal Japan 2019 enters its eighth edition taking place on April 11 & 12 2019 in Tokyo, Japan. As every year, the Japan Airfinance event brings over 380 professionals from domestic and international airlines, aircraft operating leasing companies, financiers, investors and manufacturers to discuss market updates as well as the business opportunities and challenges in Japan’s aviation market. 

Early Bird Rate
$1999 USD per delegate


Save $300 USD | ends 22 February

 

 

 

 

 

       

Contact us

Sponsorship: Kenneth Yu, kenneth.yu@airfinancejournal.com
Speaking opportunity: Yvonne Kwok, yvonne.kwok@airfinancejournal.com
Registrations: Charis Kwok, charis.kwok@airfinancejournal.com
Logistics: Louisa Kung, louisa.kung@airfinancejournal.com

Agenda

08 00 AM Registration open
09 00 AM Chairman’s opening remarks
  • Rikan Miura, Head of Global Aviation Team, Development Bank of Japan
09 10 AM Macroeconomic brief: Preparing for the unexpected
  • What are the potential headwinds for the aviation industry in the next 12-18 months?
  • How can the industry prepare for Brexit and US-China trade disputes?
  • Japan aviation traffic forecast
  • How will the emerging risks affect the decisions of Japanese investors?
09 30 AM Keynote presentation: Navigating the aviation cycle
  • How are the lessor business models evolving for the current and future environments?
  • Is Japan serving as a growing capital provider for financing aviation assets?
  • Is Japan a more resilient market for industry cycles?
09 50 AM DBJ presentation: Another strong year for the Japanese aircraft financing market
  • The upward momentum of the Japanese economy as a strong driving force for the aviation sector
  • Performance of legacy carriers and LCCs in Japan and how they compare with their peers in Asia
  • Amount of capital from Japanese regional banks and institutional investors contributing to the aircraft financing market
  • The global strategy of Japanese financiers
10 10 AM Networking break
10 40 AM MRJ presentation: Preparing to enter service in 2020
  • The market demand of regional jets worldwide and in Asia
  • What are the competitive advantages of MRJ?
  • Process and schedule for deliveries
  • Jorge Abando, Vice President, Marketing, Sales & Marketing, Mitsubishi Aircraft Corporation
11 00 AM Panel: Airlines and lessors tapping into the increasing demand of Jolco equity
  • What are the key success factors in financing with JOLCO structure?
  • The financing mix for 2019 and the amount of funding from Asia
  • What are the key strengths and constraints of JOLCO compared to the various available financing products?
  • How oil price volatility, currency risks and interest rate hikes are affecting airlines’ business operations
  • What role is the Japanese market playing in meeting the financing requirements of airlines and lessors?
11 40 AM In conversation: Latest development on LCCs in Japan
  • Will LCCs in Asia expand their capacity to Japan?
  • Fleet financing and aircraft utilisation strategies
  • Decision to buy or lease
12 00 PM Panel discussion: Are we expecting a steady trajectory of lessor M&A deals moving forward?
  • What is the motivation for Japanese capitals to get involved in the latest round of lessor consolidation?
  • What benefits can M&As bring to lessors?
  • What underlying risks do lessors need to be aware of when financing deals?
  • Primary financing trends for lessors in the coming year
12 40 PM Lunch
14 00 PM Panel discussion: How is the capital market evolving to attract new investors?
  • What are the latest innovations in aircraft ABS structures?
  • How and why are equity investors becoming increasingly involved in aircraft securitisation?
  • Risk and return proposition for new investors motivated by more liquid e-notes
  • Opportunities for Japanese investors in the capital market
  • Should there be more aviation related listings on the Tokyo Pro-Bond market?
  • Fumihiro Honda, General Manager, Chief Analyst, Project & Asset Finance Department, Japan Credit Rating Agency
  • Richard Finlayson, Managing Director, Head Of Asset Finance Asia, Deutsche Bank
14 40 PM Panel discussion: What is lenders’ next move?
  • Mitigating currency risks
  • Lenders’ syndication strategy
  • Portfolio vs single aircraft loan arrangements
  • What are the strategies of Japanese mega-banks after 7-8 years in the market?
  • Are Japanese banks moving from credit to asset-based lending?
  • Akira Yashiro, Vice President, Development Bank of Japan
  • Nikolai Lvov, Director, Aviation Banking, Asia Pacific, Citi
  • Pierre Briens, Head of Aviation, Transportation Sector, Investment Banking Asia Pacific, BNP Paribas
  • Yoichi Hirotani, Managing Director and Head of Tokyo Branch, DVB
15 20 PM In conversation with Japanese regional banks
  • What continues to drive the interest of Japanese regional banks in the aviation sector?
  • Regional banks’ capacity for airline credit risks and aptness of asset type
15 40 PM Networking break
16 10 PM JOLCO panel: The further growth of equity investors’ appetite for JOLCO
  • What is driving JOLCO market growth?
  • Is JOLCO still competitive with lower cost financing options available in the market? How can JOLCO stay competitive?
  • Is the combination of JOLCO equity and capital market products a developing trend?
  • Are we seeing an increase in large-ticket investors? Will this increase the number of portfolio transactions?
16 50 PM JOL panel: Why is JOL of interest to Japanese investors?
  • What is the purpose and expected return of JOL investors?
  • How do aircraft compare with other asset classes?
  • Residual value risk management
  • Deal structure and duration management
  • Key considerations in choosing the right asset manager
17 30 PM Close of day one followed by cocktail reception
08 30 AM Registration open
09 00 AM Chairman’s opening remarks
09 10 AM The post OEM integration era: Airbus and Boeing
  • What are the opportunities and constrains of OEM integration for airline customers?
  • Production rate and response to engine issues
  • Solutions for ultra-long-haul routes
09 30 AM Panel discussion: Regional jet and turboprop update
  • Demand for regional jets in Japan and best suited models
  • The prospects of turboprop market with the potential sale of Q400
  • Adam Young, Marketing Director, Asia Pacific, Embraer
10 10 AM Presentation: Achieving tax efficiency for the aircraft leasing business
  • Latest update on the international tax environment for aircraft leasing
  • Comparing the attractiveness of tax regimes among leading jurisdictions
  • Development of the double tax treaty network
  • Understanding the impact of BEPS on the aviation leasing business
10 30 AM Networking break
11 00 AM Panel: The increasing participation of Japanese lessors in engine investment
  • What explains the increase of Japanese capital in engine investment?
  • Financing solutions for new technology engines
  • Residual value risks of widebody engines
  • What lessons can be learned from the issues with new engines?
  • Debra Erni, Partner, Pillsbury Winthrop Shaw Pittman LLP
11 40 AM In conversation: General aviation market in Japan
  • Size of the general aviation financing market in Japan and future developments
  • How general aviation is participating in the JOLCO and JOL transactions
  • Liquidity and residual value risk of assets
12 05 PM Close of day two

Speakers

Andre Bender

Director, Corporate Finance

Cargolux Airlines International S.A.

Markus Ott

Head of Corporate Capital Markets

Deutsche Lufthansa AG

Tewolde Gebremariam

Group Chief Executive Officer

Ethiopian Airlines

Thierry Pierson

Co-Owner, Managing Director

Asset Brok'Air Limited

Yoichi Hirotani

Managing Director and Head of Tokyo Branch

DVB

Pierre Briens

Head of Aviation, Transportation Sector, Investment Banking Asia Pacific

BNP Paribas

Richard Finlayson

Managing Director, Head Of Asset Finance Asia

Deutsche Bank

Tomoo Nakayama

Chairman & Director

ITC-AeroLeasing, Inc.

Rikan Miura

Head of Global Aviation Team

Development Bank of Japan

Akira Yashiro

Vice President

Development Bank of Japan

Nikolai Lvov

Director, Aviation Banking, Asia Pacific

Citi

Daisuke Tsubokura

Vice President

Development Bank of Japan

James Meyler

Chief Executive Officer

ORIX Aviation Group

Nirmal Govindadas

SVP-Corporate Treasury

Emirates Airline

Fumihiro Honda

General Manager, Chief Analyst, Project & Asset Finance Department

Japan Credit Rating Agency

Stuart Hatcher

Chief Operating Officer

IBA Group

Ali Ben Lmadani

Chief Executive Officer

ABL Aviation

Simon Collins

Partner

White & Case LLP

Joost Van Der Heijden

Head of Marketing, Asia and North America

Airbus

Jorge Abando

Vice President, Marketing, Sales & Marketing

Mitsubishi Aircraft Corporation

Hani Kuzbari

Managing Director

Novus Aviation Capital

Gary Fitzgerald

Chief Executive Officer

Stratos

Murat Seker Ph.D

Chief Financial Officer

Turkish Airlines

Takahiro Matsumoto

Executive Officer, General Manager, Structured Finance Department 1

FPG

Martin Bouzaima

Chief Executive Officer

FPG Amentum

Adam Young

Marketing Director, Asia Pacific

Embraer

Debra Erni

Partner

Pillsbury Winthrop Shaw Pittman LLP

Sponsors

Attracting thousands of participants annually from airlines, leasing companies, financial institutions, investment houses and government bodies, our events provide you with an unparalleled platform from which to promote your organisation’s brand, products and services.

Find out more about our sponsorship opportunities

Platinum Sponsor

Development Bank of Japan

Development Bank of Japan

For over 50 years, DBJ has been providing long term funding to major industries, playing an important role in Japan's economic growth. DBJ started aircraft financing business on a global scale in 2011 and is now one of the major aviation financiers in Asia, with an annual loan amount of around USD 1 billion. DBJ also acts as a pivotal bridge between our international clients and the Japanese financial market.


Gold Sponsor

FPG/FPG Amentum/FPG Aim

FPG/FPG Amentum/FPG Aim

The FPG group’s activities in the aviation industry are driven by FPG, FPG Amentum and FPG AIM. The group has the leading position in the Japanese operating lease market, providing JOLCO and JOL leasing structures to airlines and aircraft leasing companies worldwide. 

About Financial Products Group Co., Ltd. ("FPG"): Tokyo headquartered FPG was founded in 2001 and is listed on the First Section of the Tokyo Stock Exchange. FPG is an independent financial service provider and offers various financial products to profitable companies and wealthy individuals. With tax lease arrangement as its core business, FPG provides integrated services covering the origination, structuring, equity placement, and management of Japanese operating leases) for aircraft, vessels, and marine containers. Providing both JOLCO and JOL leasing structures, FPG is the leading Japanese operating lease equity arranger in the market. 
More information can be found on the company’s website at www.fpg.jp/en 

About FPG Amentum: Headquartered in Dublin, FPG Amentum is a dedicated third-party provider of aircraft investment management and advisory services to equity and debt investors in the aviation sector and offers a full range of aircraft leasing services to airlines worldwide through its full-service leasing platform. Amentum was founded in 2005. Today it is majority owned by FPG. FPG Amentum currently manages a US$ 2 billion portfolio of aircraft and provides services to several investor and banking customers, including sourcing and managing JOL transactions for FPG. More information can be found on the company’s website at www.fpg-amentum.aero

About FPG Asset and Investment Management BV ("FPG AIM"): Partly owned by FPG, with offices in the Netherlands, Singapore and the U.A.E. FPG AIM provides global sourcing, structuring, arranging and M&A advisory services to investors, banks and companies active in the aircraft, shipping and marine container industries, with a focus on arranging JOLCO transactions for FPG. With more than US$ 4 billion of JOLCOs closed since incorporation in 2012, FPG AIM is one of the leading JOLCO arrangers globally. More information can be found on the company’s website at www.fpg-aim.com

Mitsubishi UFJ Lease & Finance Company Limited

Mitsubishi UFJ Lease & Finance Company Limited

Mitsubishi UFJ Lease & Finance (MUL), a leading comprehensive finance company, provides a wide range of financial services beyond conventional leases such as asset management and support for overseas business expansion. MUL adopted “Value Integrator” as its corporate message. The phrase encapsulates its philosophy of creating new value from customer’s current value.
 


Silver Sponsor

Bocomm Leasing

Bocomm Leasing

Bank of Communications Financial Leasing Co., Ltd (“Bocomm Leasing”) is a wholly owned subsidiary of Bank of Communications, the 11th largest bank in the world. It was established in 2007 with a registered capital of USD 1.3B. By the end of 2018, with its total assets of more than USD 33B, Bocomm Leasing is the largest leasing company headquartered in Shanghai and one of the aviation leasing leaders in China. Furthermore, Bocomm Leasing is the first Chinese leasing company which establish professional leasing subsidiary in Chinese free trade zones. Its fleet consists of about 220 aircrafts in service and about 160 aircrafts in backlog. With over USD 11B aircraft assets, it has more than 50 domestic and international well-known aviation customers.
 
Bocomm Leasing can offer both finance and operating lease products. With competitive multi-currency (such as USD, JPY, EURO, RMB) financing tools, we could meet specific customers’requirements via SPVs set up both on-shore and off-shore. Powered by professional and innovative management, Bocomm Leasing is endeavored to provide aviation customers with value-added and tailor-made leasing services.
 
Innovation:
- First lease transaction through SPV established in Shanghai Free Trade Zone (SFTZ);
- First finance lease transaction denominated in JPY by Chinese Leasing company through an offshore SPV;
- First spare engine lease transaction through SPV established in SFTZ;
- First operating lease transaction for Airbus Tianjin assembled A320 through SPV established in Tianjin Free Trade Zone;
- First Chinese leasing company to establish subsidiary.
 

Mitsubishi Aircraft Corporation

Mitsubishi Aircraft Corporation

Mitsubishi Aircraft Corporation commenced operation on April 1, 2008 to conduct the design, type certification, sales & marketing and customer support of the Mitsubishi Regional Jet (MRJ). MRJ is a family of 70~90-seat next-generation aircraft featuring state-of-the-art aerodynamics and Pratt & Whitney's revolutionary PurePower® engine to drastically reduce fuel consumption, noise, and emissions, while offering top-class operational benefits, an outstanding cabin and large overhead bins designed for heightened passenger flying comfort. Mitsubishi Aircraft Corporation is capitalized at 100 billion yen, with financing furnished by, among others, Mitsubishi Heavy Industries, Ltd., Toyota Motor Corporation, Mitsubishi Corporation, Sumitomo Corporation and Mitsui & Co., Ltd.
The MRJ is a family of 70~90-seat next-generation aircraft featuring the Pratt & Whitney's revolutionary PurePower® engine and state-of-the-art aerodynamics to drastically reduce fuel consumption, noise, and emissions, while offering top-class operational benefits, an outstanding cabin designed for heightened passenger flying comfort with large overhead bins. The MRJ carried out the first flight on November 11, 2015 and is currently conducting flight and ground tests at facilities located both in Japan and U.S.

Sumitomo Mitsui Trust Bank, Limited

Sumitomo Mitsui Trust Bank, Limited


Bronze Sponsor

Citi

Citi

Citi is a market leader in providing a full range of corporate and investment banking advisory services and products to important aircraft manufacturers, full service airlines, low cost carriers, aircraft lessors, airports and other aviation related customers around the world. Our Services to the sector include M&A & privatization advice, public & private equity, public & private debt, bank financing, export credit financing, project financing, securitization, leasing, risk management and transaction banking. Leveraging its presence in over 100 countries, Citi is uniquely positioned to deliver solutions to the aviation industry – locally, regionally and globally.
 

Nishimura & Asahi

Nishimura & Asahi

Nishimura & Asahi is Japan’s largest law firm, covering all aspects of domestic and international business and corporate activity.  The firm has over 600 Japanese and foreign lawyers — employing over 700 support staff, including tax accountants, patent attorneys, senior Japanese and foreign business support professionals, and paralegals, and has 4 domestic and 11 overseas offices.  Each member of the firm possesses diverse specialized skills and can handle a broad range of legal areas.  Their abilities form the collective strength of Nishimura & Asahi.  Since 1980’s Nishimura & Asahi has continuously supported a large number of aircraft financing transactions for domestic and international airlines.
 

Novus Aviation Capital

Novus Aviation Capital

Novus is an independent, privately-held aircraft leasing platform, focused on investing, leasing and financing of commercial aircraft assets. Established over 24 years ago, the Novus team operates globally out of five offices in Europe, Asia and the Middle East. The company has an aircraft portfolio under management worth about USD 4 billion.
www.novus.aero

Ping An International Financial Leasing Co. Ltd.

Ping An International Financial Leasing Co. Ltd.

Ping An Leasing was established in Shanghai in January 2013 and is a wholly-owned subsidiary of the Ping An Insurance Group, specializing in leasing and corporate financing business. The company is headquartered in Shanghai and its business networks extend throughout the whole of China with footprints in Europe and Asia, growing rapidly as of the end of December 2017, has total assets of approx. US$28billion. Through its wholly owned subsidiary, Ping An Aircraft Leasing Company Limited in Dublin, Ireland, Ping An Leasing aims to be a long-term financial partner to the aviation industry, relying on the largest insurance group in China with long term committed funding to build a world-class aircraft leasing and asset management platform.


Supporting Organisation

Hong Kong Aircraft Leasing and Aviation Finance Association

Hong Kong Aircraft Leasing and Aviation Finance Association

The Hong Kong Aircraft Leasing and Aviation Finance Association (HKALA) was founded in June 2017 to promote the development of the aircraft leasing and finance industry.
HKALA's members include key international and domestic lessors, lessees, banks and other financial institutions, investors, law firms, accounting and tax advisory firms and other service providers involved in the aircraft leasing and finance industry.
The Association seeks to be a united force in the industry that strives to enhance Hong Kong's status as an international aviation and financial center.


Venue

The Peninsula Tokyo

1-8-1 Yurakucho, Chiyoda-ku,
Tokyo,
JP

The Peninsula Tokyo
The Peninsula Tokyo is a 3-minute walk from Ginza shopping district, and offers concierge services. Tokyo Station is just a 5-minute drive away.

Featuring designs with traditional Japanese influences, luxurious rooms boast a living area with sofas and a wide-screen TV, a bedroom with bed-side curtain controls and a marble bathroom with built-in flat-screen TV. They come with a dressing area, mood lighting and free WiFi.

Guests can relax with a massage or beauty treatment, or unwind in a sauna or an aromatherapy shower. Services include a personal trainer and a nutrition adviser, while airport transfer by Rolls-Royce limousine is provided at a charge. There is a 24-hour front desk and an ATM machine. Paid parking is available on site.

A variety of restaurants at The Tokyo Peninsula cater Japanese, Cantonese and Western cuisines. Authentic high tea can be enjoyed at cafe The Lobby, while on the 24th floor Peter: The Bar offers cocktails and cigars, creative cuisine and sweeping Tokyo views.

The Peninsula Tokyo is directly connected to Hibiya Subway Station. Ginza and Yurakucho stations are both within a 3-minute walk, offering easy access to Shinjuku, Shibuya and Roppongi. Tokyo Sky Tree and Asakusa are 40 minutes away by train. Airport buses take 40 minutes to Haneda Airport, and 90 minutes to Narita Airport. 

Airlines: Complimentary Registration

Airfinance Journal Events are the best places for airline networking

To all airlines, we are pleased to offer you complimentary passes to join the Airfinance Journal Japan 2019 on 11-12 April 2019 in Tokyo, Japan. Please click here to register for your complimentary pass*. If you have any questions, please contact registrationsasia@airfinancejournal.com

 

*Complimentary passes are for the use of airlines only & all passes must be approved by Airfinance Journal Events.

2018 Attendees Demographic Profile

Airfinance Journal Japan 2018: Attendees Demographic Profile

If you would like to know more details of the attendees demographic, please contact Charis Kwok at charis.kwok@airfinancejournal.com.

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