Investing in Aviation Finance: New York

Connect and collaborate with new and existing investors

Oct 17 - Oct 18, 2017
PARK LANE HOTEL: NEW YORK, United States

“Hands down the most interactive and intellectually meaningful content of any conference I have ever spoken at.”  Managing Partner , Pillsbury Winthrop Shaw Pittman (HK) LLP



Ishka’s “Investing in Aviation Finance” series connects institutional investors to the aviation finance market and provides an innovative forum for education and collaboration with the wider aviation finance community. 

Building on the success of our inaugural conference in London, which saw over 60 different institutional investors and 200 thought leaders gather to explore the European capital markets for aviation finance, Ishka brings the next instalment to New York, October, 17th & 18th, 2017. 

With the US capital markets already set to eclipse the volume of transactions seen in 2016, now is the time to build momentum and connect new and existing investors with the rest of the value chain to collaborate, innovate, and drive the market forward.

We appreciate that time out of the office is precious, which is why we invest heavily to deliver content driven, focussed and creative events, to maximise your learning and networking experience



Unrivalled access to institutional investors - meet and network with our confirmed investors to date

Alterna Capital Partners LLC Allianz Global Investors
Bateleur Capital Blackrock
Capitalsource Davidson Kempner
Fidelity Golden Tree Asset Management
Greenbriar Equity Group Hudson Capital Management
Legal & General New York Life
PIMCO Waterfall Asset Management

 

For more information, please contact:
Tom Preselo
[email protected]

With special thanks to our Founding Partners

                                    

  Debt Equity
09:00

The Ishka video

Plenary

09:15

The Ishka "Gameshow"

Analysis of headwinds and pressure points on the aviation finance market

 

Back by popular demand, the Ishka gameshow embeds key themes and issues in interactive and creative formats.

 

  • Anticipating the impact of rate rises: timing and potential scenarios
  • What will the Trump administration mean for the North American aviation market?
  • How will lease rates trend?
  • Is there excess capacity in the market?

 

Justine Fisher, Managing Director, Goldman Sachs

Mark Streeter, Managing Director, JP Morgan

Ray Sisson, Chairman & CEO, Avi8

Plenary

10:00

Deal or no deal: unpackaging investor psychologies

We take a diverse range of investors, and present a series of hypothetical deals for our panel to unpack and analyse

  • Do investors use (or value) CMV versus Lease Encumbered Values? 
  • A look at preferences on investment term, calls options, fixed or floating
  • Are investors able to take balloon risk?  And if they can, what guidelines do they require regarding residual value exposure?

 

Josepth Thorstenson, Portfolio Manager, Marathon Asset Management

Plenary

10:45

Networking break and coffee

Plenary

11:15

Where will asset prices trend in future and are valuations too high?

  • Which aircraft types are under pressure and which are more resilient?
  • Appraising new technology and next generation engines
  • How reflective are appraisals of where aircraft actually trade?

Les Weil, Oriel

Plenary

11:45

Scenario planning: with a number of transactions on negative watch, how would a downturn affect legacy transactions and cashflows?

This unique session will model hypothetical shocks

  • What impact will Alitalia have on the ABS market?
  • Which transactions are being monitored?
  • Are the assumptions underpinning deals robust?

Plenary

12:15

Lunch

Plenary

13:30

As investors face concentration limits, what new assets and structures are comin...

The rise of the passive and active equity investor

  • What to co...

    Plenary

14:00

What is driving the private market and bilateral deals? Is this sucking liquidit...

Rethinking equity valuations

14:30

How vulnerable is the market to volatility and is there secondary market for rec...

  • Why has de...

    Plenary

Unpackaging equity psychologies: is now the right time to invest?

  • Plenary

15:00

Networking break

Plenary

15:30

Industry "all play"

This interactive session sees delegates split into small pre-defined groups where they will collaborate to identify and solve key market issue to drive the market forward.

 

  • Building a re-financeable deal: are current structures too aggressive?
  • Resolving the alignment of interest in ABS transactions
  • Disintermediation: which alternative avenues can investors explore to generate alpha and attractive carry?
  • ABS deals - loan format vs bond format: what are the pros and cons?

Plenary

16:15

Keynote issuer's panel

  • Will we see more programmatic aviation issuers in 2018 and new names enter the US capital markets?

 

  • Will the EETC market continue to be sluggish and what can be done to bring more liquidity facility providers into the game?

 

Matt Hoesley, Head of Funding, ALTAVAIR

Plenary

17:00

The industry duel

“This house believes the market should work towards a commoditised aviation product”

 

Vinodh Srinivasan, Managing Director, Co-Head Structured Credit Group, Mizuho Securities USA LLC

Plenary

17:30

Close of conference followed by cocktails

Plenary

19:00
  Plenary New investors Established investors Equity investors
09:15

Snap shot of the US capital markets

  • Volumes and types of transactions seen in 2017
  • How have transactions priced?
  • Activity and volatility seen in the secondary market
  • Historical return on equity and debt in different jurisdictions

Plenary

09:45

The investment thesis for aviation relative to other

-How should investors think about aircraft asset cash flow...

Plenary

Given yield compression, and irrational new entrants, where is today’s “sweet” s...

Plenary

Entrance strategies

-Strategic JVs, E-note certificates?

Plenary

10:15

Accessing the market, deal structuring and evaluating opportunities

-Operating and finance leases

-Secured products, alternative and equity...

Plenary

Yield risk categories and ranges through the capital structure and relative comp...

Plenary

Structuring considerations

-How do you structure an investment in multi jurisdictions?

-Se...

Plenary

10:45

Networking and coffee

Plenary

11:00

Understanding residual values and calculating aircraft values

-Valuation scenarios and definitions

-The economic life of an aircraft<...

Plenary

How should investors think about new assets and structures coming to the market?...

-How would a technical default play out?

-Repossessing aircraft registe...

Plenary

Managing your investment

Plenary

11:30

Technical analysis of cashflows and maintenance reserves

-How should investors think about aircraft asset cash flow...

Plenary

Understanding changes to rating methodologies

Plenary

Exit strategies and equity repossession

Plenary

12:00

Mitigating the risks and pitfalls of investing in aviation

-Dealing with negative carry

Are the legal structures in place to protect downside?

-Where are lease rates going?

-The impact of new technology in a low fuel environment

-Repossessions and remarketing

-Things to look out for- return conditions, leverage

Plenary

12:30

Investing in Aviation Finance: New York
17th-18th October. 2017

Why attend? 

1. Get connected - unrivalled access to new and existing institutional investors
2. Learn something new with exceptional, focussed content exploring issues surrounding the US capital markets for aviation finance
3. Innovative, fun and interactive session formats create a valuable and rewarding conference experience
4. Specialist workshops and practical sessions provide a highly effective learning environment to maximise your time out of the office
5. Wealth of informal networking opportunities before, during and after the main conference


“Great opportunity to interact with professionals from the investment community and develop new and valuable contacts."
CEO, Arena Aviation Capital

Meet and network with our confirmed investors to date

Alterna Capital Partners LLC Allianz Global Investors
Bateleur Capital Blackrock
Capitalsource Davidson Kempner
Fidelity Golden Tree Asset Management
Greenbriar Equity Group Hudson Capital Management
Legal & General New York Life
PIMCO Waterfall Asset Management


“Great event! I would recommend it to anyone interested in aviation, whether experienced or new to the industry.”
Partner, Floreat Capital Markets

I was particularly impressed with the emphasis placed on delegate interaction, evident both in the structured sessions and the wealth of informal networking opportunities. I will definitely look to attend other events run by Ishka in the future”.
Investment Analyst, Aberdeen Asset Management PLC


INVESTING IN AVIATION FINANCE
APRIL 2017 ATTENDEES

                            
   


 

   

  

 

Sylvain GLOUX
In just over a year, Ishka has risen to become one of the industry’s favourite forum for discussions, developing a very innovative, creative and unique format of events that invites to more interactive debates between participants about the way ahead, in a very cosy and friendly atmosphere. The events are delivered by a very professional and friendly team and are therefore a must for all creative-minded and forward-thinking industry players.
Sylvain GLOUX
Senior Fleet Planning Analyst, Flybe
"Useful experience with a mix of innovation and interactivity among delegates."
Jose Abramovici
Global Head Asset Finance, Crédit Agricole Corporate and Investment Bank
Jose  Abramovici
“It was my first Ishka Conference. I have been attending the ISTAT, Airfinance and MRO conferences around the world for more than 5 years and I must say that it was one the best conferences I have attended.”
Laurent Biousse
Aeronautics Fund
Laurent  Biousse
Edward  O'Byrne
“A very refreshing approach and format. Candid and quality discussions about the latest industry topics.”
Edward O'Byrne
Chief Investment Officer , Aercap
Aengus  Whelan
“Great event! Really exceeded my expectations. I was impressed with the quality of the sessions, the speakers who shared their knowledge and the ISHKA team who got the audience engaged. The ISHKA Aviation Finance Innovation Festival has a flavour of its own. Dare I say this is an aviation finance event that will be on my annual shortlist. “
Aengus Whelan
Head of Trading , Alafco
"The best aviation conference I’ve attended in at least a decade. Well done.” Michael Rodyniuk, President & Chief Executive Officer, WASAYA GROUP Inc
Michael Rodyniuk
President & Chief Executive Officer, Wasaya Group Inc.
Michael Rodyniuk
“A refreshing format with great information and insight”
Steve Mason
Head of Aircraft Evaluation and Asset Strategy, Cit
Steve Mason
“Superb event with exceptional networking opportunities”
Arnaud Fiscel
Managing Director, Aeroportance
Arnaud  Fiscel
“Well attended and well organized event, with solid attendance from the buy-side. A nice tutorial for investors who are considering allocating capital to the sector.”
Frank Constantinople
SVP Investor Relations, Aircastle
Frank Constantinople
Ali Lmadani
Ali Lmadani
Partner
ABL Aviation
Olaf Sachau
Olaf Sachau
CEO
Intrepid Aviation Group
Edward  O'Byrne
Edward O'Byrne
Chief Investment Officer
Aercap
Robert Korn
Robert Korn
President
Apollo Aviation Group
Khanh  Tran
Khanh Tran
CEO
Aviation Capital Group
Dana Barta
Dana Barta
Managing Director
Morgan Stanley
Justine Fisher
Justine Fisher
Managing Director
Goldman Sachs
Radha  Tilton
Radha Tilton
Managing Director
Goldman Sachs
Mark Streeter
Mark Streeter
Managing Director
JP Morgan
Ray  sisson
Ray sisson
Executive Chairman
AVi8 Air Capital
Ryan  McKenna
Ryan McKenna
Vice President
Air Lease Corporation
Joseph Thorstenson
Joseph Thorstenson
vp
Marathon Asset Management
Keith Allman
Keith Allman
VP
Loomis Sayles
Leo Burrell
Leo Burrell
MD
Crédit Agricole Corporate and Investment Bank
Vinodh Srinivasan
Vinodh Srinivasan
Managing Director - Co-Head Structured Credit Group - Fixed Income Division
Mizuho
Michael Lungariello
Michael Lungariello
Chief Financial Officer
Intrepid Aviation Group
Hari  Raghavan
Hari Raghavan
SP Finance, Transportation,
Credit Suisse
Matt Hoesley
Matt Hoesley
Head of Finance
Altavair
Patrick  Clancy
Patrick Clancy
Associate
KKR
William  Eustis
William Eustis
Managing Director
Wells Fargo Securities, LLC
Les Weal
Les Weal
Director
Oriel
Mark  Cho
Mark Cho
Chief Investment Officer
Ga Telesis llc

PARK LANE HOTEL: NEW YORK

36 Central Park S

New York , United States

Event enquiries


 

 

 

Ishka Advisory

Successfully navigating the aviation cycle
Advising leaders of the world's top aviation financial and leasing companies, airlines and manufacturers.

Ishka Insight reports

Expert opinion and commentary.
Register for FREE TRIAL
 

 

socialise