2nd Annual Korea Airfinance Conference

27-28 February 2018

Conrad Seoul

Seoul, South Korea

  • Sponsors >

  • Samsung Securities
    Platinum Sponsor
  • Novus Aviation Capital
    Gold Sponsor
  • CMIG Aviation Leasing
  • Korea Development Bank
    Silver Sponsor

Event Overview

Korea Airfinance

Airfinance Events' are proud to continue our success in bringing the most diverse audience of aviation professionals at the 2nd Annual Korea Airfinance Conference in February 2018. The conference is taking place on 27th & 28th February at the Conrad Seoul. 

This event will once again bring together institutional investors, airlines, banks, lessors, and underwriters from Korea and across the region to discuss Korea as an increasingly important destination for aircraft financing. The event will look at how to introduce variety on deal structures, and examine what needs to be done to secure the long-term growth of the Korean aircraft finance market.

    

The Korea Aviation Investors' Masterclass is a separately booking pre-conference workshop. Register for both conference and masterclass at the same time and save USD$300, please contact us for registration at registrationsasia@airfinancejournal.com

 

Contact us

Group Bookings/Sponsorship: Andrew Allen, andrew.allen@airfinancejournal.com
Registration: Charis Kwok, charis.kwok@airfinancejournal.com
Logistics: Fiona So, fiona.so@airfinancejournal.com

Agenda

08 00 AM Registration
09 00 AM Chairman’s opening remarks
09 10 AM Opening keynote: Sustaining Korean investors’ appetite for aircraft financing
  • Current deal flow and transaction volume in Korea – Where is the market heading?
  • How to channel more capital into aircraft investment?
  • What needs to be done to ensure the continued development of Korea’s aviation market?
09 30 AM Recent Trends in Commercial Lending and KDB Aviation Finance
09 50 AM Keynote: Fleeting and re-fleeting, trading opportunities for used aircraft
  • Growth in new routes – European and Southeast Asian markets
  • What is Korean Air's fleet planning strategy? Leased vs purchased aircraft
  • Where do airlines see the opportunities in trading used aircraft?
  • New source of capital and cost of financing for widebodies, B777-300ER, B787-9, A330-300, A350-900
10 10 AM Networking coffee break
10 40 AM Airlines’ panel: Tapping into Asia market for financing needs
  • Can international carriers tap into Asia's middle class tourist boom and continue the growth of passenger traffic from Asia?
  • New alliances, new financing opportunities with Asian lenders
  • Where do airlines see the opportunities to access capital from institutional investors and Asian lenders?
  • Is the Korean market big enough to accommodate the new LCCs? What are the challenges in obtaining the air operator's certificate?
11 20 AM Panel discussion: Insurance markets delivering new aircraft finance solutions
  • What explains the increased demand for insurance-backed products
  • Can AFIC structure serve as an alternative financing tool when ECA funding is reduced?
  • What does insurance-backed financing mean to Korean institutional investors?
  • Oliver Geldner, Head of Corporate Finance, Intrepid Aviation
  • Young Joon Kim, Partner, Milbank
  • Shin Watanabe, Managing Executive Officer, Head of Transportation Business Unit, Sumitomo Mitsui Finance and Leasing
  • Bob Morin, Managing Director, Transaction and Business Development Leader, Aircraft Finance Insurance Consortium, Marsh USA, Inc.
12 10 PM Lunch
13 35 PM Lessors’ panel: Widebody and narrowbody portfolio trading
  • Fixed or floating lease rate – which is more popular for airlines in the current market conditions?
  • Do lessors see a remarketing challenge for widebodies such as A380 and B777-300ER?
  • With mega funds setting up to acquire mid-age aircraft, what is the appetite of Korean institutional investors for investing in mid-age aircraft?
  • With the B737MAX and A321NEO coming out, how will these new generation aircraft affect the lease rates for used aircraft?
14 20 PM Airbus & Boeing presentations: Next generation of aircraft
  • Order book size
  • Production rate and strategy
  • Supply and demand
  • Wendy Sowers, Director Of Product Forecasting, Boeing Commercial Airplanes
  • Martin Woods, Regional Head of Marketing, Airbus
14 50 PM Presentations: The rise of regional jets and turboprops
  • What are the best regional jet models: Q400, CS100, CS300, ERJ 145, ERJ190/195, ATR72-600, ATR42-600
  • Where is the demand for regional jets in Asia? What does the future hold for the next generation of turboprops?   
  • Is the maintenance programme cost efficient?
  • Liquidity in the secondary market 
15 35 PM Networking coffee break
16 05 PM Underwriters’ panel: Rekindle investors’ interest in aircraft investment
  • What are the causes of slowing deal flow? Is it temporary or long-term? How to structure the deals to be more competitive?
  • How to compensate the yield of mezzanine debt investors given the risks they are taking?
  • How to minimize the residual value risk that the institutional investors are exposed to?
  • What is the aircraft type preference for 2018? Is there a shift from widebody to narrowbody aircraft?
  • Jaesuk Han, VP, Structured Products, Samsung Securities
  • Se Won HUH, Deputy General Manager, Infrastructure Finance Department, Project Finance 2 Division, Korea Investment & Securities Co., Ltd.
  • Min Suk Oh, Managing Director of Capital Market and Principal Investments, KB Securities Hong Kong Limited
  • Jung Soo Lee, Executive Director - Head of IBD HK, NH Investment & Securities (H.K.)
16 45 PM Lenders’ panel: Loan syndication, balloon risks, lessor portfolio financing
  • Opportunities and challenges of engaging in syndication with overseas banks
  • How do you effectively manage balloon risk?
  • Setting up a mezzanine blind fund – a potential solution for low yield?
  • Volume and deal flow in 2018
  • Korean lenders’ appetite for new asset types
  • Sabri Gmira, Director Transportation & Offshore Structured Asset Finance, ANZ
  • Matthew SH Kim, Senior Manager, Int'l Finance Team, Investment Banking Department, KEB Hana Bank
  • Joerg Schirrmacher, Head Of Transport Finance, Helaba
17 25 PM Day one close and cocktail reception
08 30 AM Registration
09 00 AM Chairman’s welcome remarks
09 10 AM Spotlight: Korean institutional investment criteria

This session will be a discussion of investment objectives including PE versus aircraft investment, the availability of mezzanine products and investing through the cycle.

  • Bharat Bhise, Chief Executive Officer, Bravia Capital Partners, Inc.
09 40 AM Panel discussion: How competitive are JOLCOs as financing tools?
  • How will Japan’s tax reform impact JOLCO transactions?
  • Are JOLCO transactions only accessible by top tier credits? What are the hurdles for Korean airlines to use JOLCOs for financing?
  • How much commercial debt liquidity is available for the JOLCO market?
  • Do investors prefer widebodies or narrowbodies? 
  • Fintan Smyth, Senior Executive Director, FPG Asset & Investment Management Asia
  • Morio Nishida, Director Structured Finance, Mizuho Securities Asia Limited
  • Saori Oshima, Deputy General Manager, Tokyo Century Corporation
10 20 AM Panel: Debt capital market transactions
  • Which DCM products fall into Korean investors' risk/return matrices?
  • Credit vs asset focus: With a stronger emphasis on asset quality, how do you structure a DCM product that taps into the institutional investor base?
  • Are public or private placements more cost efficient?
  • What deal size and asset type are investors looking for?
  • How important are ratings to DCM transactions?
11 00 AM Networking coffee break
11 30 AM Panel: Residual value outlook and lease rate trend
  • A330-300/B777-300ER – residual value outlook
  • A380 – opportunities and remarketing challenges: What are the implications for Korean investors?
  • What is the lease rate trend for widebodies and narrowbodies?
12 10 PM Chinese lessors’ panel: Aircraft trading opportunities in Korea
  • What is the potential of Korea as a new destination for aircraft trading?
  • Korean investors' distinct needs and preferences – how to tailor portfolio to their demands? 
  • Developing aircraft asset management capability of Chinese lessors
  • How do Chinese lessors see the Korean aviation market evolving in the next three to five years?
  • Zheng Huang, VP & COO, CMIG AVIATION CAPITAL
  • Ryan Guo, Mainaging Director, Aviation Department, Zhongyuan Aviation Leasing co.,Ltd
  • Bo Huang, Chief Commercial Officer, CMB Financial Leasing
12 50 PM Accelerate the long-term development of the Korean aviation financing market
  • Is Korea suitable for home-grown lessors or home-grown aircraft tax lease products?
  • Innovation on the deal structure – how to make deal structures more cost efficient?
  • Feasibility of establishing domestic aircraft asset management entities to serve the interests of Korean investors
  • Transform Korean financiers from credit focused to asset-based lending
  • Clarence Leung, Asset Finance and Leasing Services, Tax Partner, PwC
  • Kj Yang, Head of Project Finance Department I / Transportation Team 2 (Aviation Finance), Korea Development Bank
  • Jae Hoon Jo, Director, Structured Finance Team, Heungkuk Asset Management
  • Justin Lee, Head of Aviation Finance Financial Advisory, Deloitte Korea
13 30 PM Chairman’s closing remarks and close of the conference

Speakers

David Tokoph

Chief Operating Officer

Morten Beyer & Agnew

Jared Ailstock

Senior Vice President

Goldman Sachs

Maxim Straus

Executive Vice President - Chief Financial Officer

Cargolux Airlines

Oliver Geldner

Head of Corporate Finance

Intrepid Aviation

Clarence Leung

Asset Finance and Leasing Services, Tax Partner

PwC

Spencer Ho

Vice President, Capital Market

SKY Leasing

Richard Finlayson

Managing Director, Head Of Asset Finance Asia

Deutsche Bank

Christine Rovelli

Vice President - Group Treasurer

Finnair

Fintan Smyth

Senior Executive Director

FPG Asset & Investment Management Asia

Dick Forsberg

Head of Strategy

Avolon

Jaesuk Han

VP, Structured Products

Samsung Securities

Kj Yang

Head of Project Finance Department I / Transportation Team 2 (Aviation Finance)

Korea Development Bank

Hani Kuzbari

Managing Director

Novus Aviation Capital

Zheng Huang

VP & COO

CMIG AVIATION CAPITAL

Jae Hoon Jo

Director, Structured Finance Team

Heungkuk Asset Management

Young Joon Kim

Partner

Milbank

Justin Lee

Head of Aviation Finance Financial Advisory

Deloitte Korea

Se Won HUH

Deputy General Manager, Infrastructure Finance Department, Project Finance 2 Division

Korea Investment & Securities Co., Ltd.

Joseph Kim

Chief Consultant

SeoulAero

Laura Mueller

Managing Director

Airfinance Journal

Irena Badelska

Senior Vice President, Marketing

Amedeo

Wendy Sowers

Director Of Product Forecasting

Boeing Commercial Airplanes

Adam Young

Marketing Director, Asia Pacific

Embraer

Martin Woods

Regional Head of Marketing

Airbus

Seungchul Lee

Deputy General Manager

Korean Air

Marcel Grauer

Director Of Sales, North Asia

Bombardier

Jean-Daniel Kosowski

Sales Director

ATR

Graham Lees

Head of Revenue

BOC Aviation Limited

Min Suk Oh

Managing Director of Capital Market and Principal Investments

KB Securities Hong Kong Limited

Ryan Guo

Mainaging Director, Aviation Department

Zhongyuan Aviation Leasing co.,Ltd

Morio Nishida

Director Structured Finance

Mizuho Securities Asia Limited

Shin Watanabe

Managing Executive Officer, Head of Transportation Business Unit

Sumitomo Mitsui Finance and Leasing

Saori Oshima

Deputy General Manager

Tokyo Century Corporation

Brian McArdle

SVP and Senior Director, Aircraft Trading, Asia Pacific

SMBC Aviation Capital

John Cunningham

Head of Commercial, Asia Pacific

CDB Aviation

Bo Huang

Chief Commercial Officer

CMB Financial Leasing

Beng Kiat Seah

SVP Aircraft Trading

GECAS

Jung Soo Lee

Executive Director - Head of IBD HK

NH Investment & Securities (H.K.)

Sabri Gmira

Director Transportation & Offshore Structured Asset Finance

ANZ

Matthew SH Kim

Senior Manager, Int'l Finance Team, Investment Banking Department

KEB Hana Bank

Bharat Bhise

Chief Executive Officer

Bravia Capital Partners, Inc.

John Vitale

President & CEO

AVITAS

Joerg Schirrmacher

Head Of Transport Finance

Helaba

Bob Morin

Managing Director, Transaction and Business Development Leader, Aircraft Finance Insurance Consortium

Marsh USA, Inc.

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

Samsung Securities

Samsung Securities

Samsung Securities was founded in 1982 and is headquartered in Seoul, South Korea. As a leading investment bank in Korea, its business coverage offeres the broadest range of financial services in the market including wealth management services, retirement wealth management services, and investment products for institutional investors as well as high net worth individuals. With a competitive advantage in the market and expertise in the industry, the investment banking division provides a client base of major corporations with the most efficient financing solutions and serve top tier institutions with high quality investment instruments. Our offices in China, the United States, the United Kingdom, Japan, and Hong Kong connect a variety of investment opportunities throughout the global market to local institutions.


Gold Sponsor

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 23 years ago, the Novus team operates out of its five global offices in the Middle East, Europe and Asia. The company currently co-owns and manages aircraft-related projects worth about USD 3 billion.
www.novus.aero

CMIG Aviation Leasing

CMIG Aviation Leasing


Silver Sponsor

Korea Development Bank

Korea Development Bank

The Korea Development Bank (“KDB"), founded in 1954 is a government-owned policy bank. KDB offers its clients with a broad range of financial products and services with its expertise in corporate banking, investment banking, and corporate restructuring. Having been a long time partner of the two flag carriers of Korea from the early 1990s, we are also currently active in financing non-Korean airlines and leasing companies over the past decade. KDB aims not only to be the financial engine of Korea’s growth but also to expand its global presence continously.


Venue

Conrad Seoul

10 Gukjegeumyung-ro (Yeouido), Yeongdeungpo-gu,
Seoul,
South Korea

Conrad Seoul

Unveiled as one of the best new hotels in the world by Conde Nast Traveler, Conrad Seoul Hotel redefines a world of luxury, sophistication, and service in Korea. Strategically located, the hotel occupies one of the four towers of the renowned International Finance Center in the Yeouido Business District. The property is also the closest luxury hotel to both international airports. A landmark in more ways than one, Conrad Seoul Hotel offers 434 stunning and super spacious guestrooms with views to match. 

Conrad Seoul is a 5-minute walk from Yeouido Subway Station (Line 5). It is surrounded by government offices and Seoul's top finance companies, and is a 10-minute drive from International Lifestyle Mall. Seoul City Centre and shopping at Myeongdong are about 10 km away.

At the spa, guests can relax with a massage or lounge in the sauna. The hotel also provides a well-equipped business centre and meeting rooms. Airport transfers can be arranged at the 24-hour front desk.

;