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 email@example.com
08 00 AM Registration
09 00 AM Chairman’s opening remarks
- Laura Mueller, Managing Director, Airfinance Journal
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
- Seungchul Lee, Deputy General Manager, Korean Air
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?
- Shin Watanabe, Managing Executive Officer, Head of Transportation Business Unit, Sumitomo Mitsui Finance and Leasing
- Oliver Geldner, Head of Corporate Finance, Intrepid Aviation
- Bob Morin, Managing Director, Transaction and Business Development Leader, Aircraft Finance Insurance Consortium, Marsh USA, Inc.
- Young Joon Kim, Partner, Milbank
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
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?
- Jung Soo Lee, Executive Director - Head of IBD HK, NH Investment & Securities (H.K.)
- Min Suk Oh, Managing Director of Capital Market and Principal Investments, KB Securities Hong Kong Limited
- Se Won HUH, Deputy General Manager, Infrastructure Finance Department, Project Finance 2 Division, Korea Investment & Securities Co., Ltd.
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
17 25 PM Day one close and cocktail reception
08 30 AM Registration
09 00 AM Chairman’s welcome remarks
- Dick Forsberg, Head of Strategy, Avolon
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?
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?
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
- Jae Hoon Jo, Director, Structured Finance Team, Heungkuk Asset Management
- KJ Yang, Head of Project Finance Department III / Aviation Finance Team, Korea Development Bank
- Jaewon Choi, VP, Structured Products Team, Samsung Securities
- Justin Lee, Head of Aviation Finance Financial Advisory, Deloitte Korea
- Clarence Leung, Asset Finance and Leasing Services, Tax Partner, PwC
13 30 PM Chairman’s closing remarks and close of the conference
Executive Director - Head of IBD HK
NH Investment & Securities (H.K.)
Senior Manager, Int'l Finance Team, Investment Banking Department
KEB Hana Bank
Novus Aviation Capital
Chief Executive Officer
Bravia Capital Partners, Inc.
Director, Structured Finance Team
Heungkuk Asset Management
Chief Commercial Officer
CMB Financial Leasing
Head of Revenue
BOC Aviation Limited
Managing Director of Capital Market and Principal Investments
KB Securities Hong Kong Limited
Vice General Manager
Zhongyuan Aviation Leasing co.,Ltd
Managing Executive Officer, Head of Transportation Business Unit
Sumitomo Mitsui Finance and Leasing
Deputy General Manager
Tokyo Century Corporation
Head of Corporate Finance
Head of Project Finance Department III / Aviation Finance Team
Korea Development Bank
VP, Structured Products Team
Head of Aviation Finance Financial Advisory
Deputy General Manager, Infrastructure Finance Department, Project Finance 2 Division
Korea Investment & Securities Co., Ltd.
Senior Vice President, Marketing
Director of Product Forecasting
Boeing Commercial Airplanes
Regional Head of Marketing
Director of Sales, North Asia
Head of Commercial, Asia Pacific
Director Structured Finance
Mizuho Securities Asia Limited
President and CEO
Morten Beyer & Agnew
SVP and Senior Director, Aircraft Trading, Asia Pacific
SMBC Aviation Capital
Executive Vice President - Chief Financial Officer
Asset Finance and Leasing Services, Tax Partner
Vice President - Group Treasurer
Senior Executive Director
FPG Asset & Investment Management Asia
Head of Strategy
SVP Aircraft Trading
Director Transportation & Offshore Structured Asset Finance
Managing Director, Transaction and Business Development Leader, Aircraft Finance Insurance Consortium
Marsh USA, Inc.
President & Chief Executive Officer
Head Of Transport Finance
Vice President, Capital Market
Managing Director, Head Of Asset Finance Asia
VP & COO
CMIG AVIATION CAPITAL
Marketing Director, Asia Pacific
Deputy General Manager
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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.
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.
CMIG Aviation Leasing
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.
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.