第一天：6月25日（星期四）

08:30 来宾注册几茶点接待

09:00 大会主持致欢迎词

09:10 航空公司融资经理专题讨论：未来的飞机融资策略

09:55 飞机融资：中国在变化莫测的国际市场中的处境

10:30 购置新飞机还是购置旧飞机

11:00 茶歇

11:40 经济刺激计划对中国航空业的影响

12:10 透过证券市场看航空公司

12:40 午餐

14:00 案例研究：飞机组合收购应该寻找什么样的飞机和承租公司组合？

14:30 案例研究：对付飞机融资中的违约情景

15:00 燃油：油价玩起过山车

15:30 茶歇

16:00 专题讨论：现在是投资航空公司和飞机的恰当时机吗?

16:45 专题讨论：飞机融资的出租考量和出口信贷融资条款

17:30 大会主持致闭幕词及酒会

第二天：6月26日（星期五）

08:30 来宾注册几茶点接待

09:00 大会主持致欢迎词

09:10 专题讨论：中国境外航空公司的运营情况

09:55 中国下一代商用飞机是什么？

10:30 全球经济衰退对飞机估值的影响

11:00 茶歇

11:30 专题讨论：经济下滑对中国航空货运业的影响

12:00 飞机制造商融资：填补资金缺口

12:30 午餐

14:00 中国飞机租赁公司专题讨论：中国的航空租赁公司能否化危为机？

14:45 国际飞机租赁公司专题讨论：中国飞机租赁市场的商机评估

15:30 茶歇

16:00 区域飞机制造商专题讨论：中国在亚洲地区航空市场的前景展望

16:45 大会主持致闭幕词及大会结束

Thursday 25 June 2009

08:30 Registration and morning coffee

09:00 Chairman's opening remarks

Garry Burke, Chief Executive Officer, Pembroke Group

09:10 Airline finance managers' panel discussion: Future strategies for aircraft financing

• Managing the debt ratio in a deleveraging world
• Incorporating long term plan into lease and buy decisions
• Sale and lease back a strategy growing in popularity during the downturn
• Managing aircraft delivery schedules in the current market environment
• Domestic vs. cross border financing options
• Fuel price volatility will it return How will airlines react
• Export credit financing the attractiveness of the Cape Town Convention discount to Chinese Airlines

Xu Jing, Vice General Manager, Finance Department, Air China
Roger Han, Senior VP, China Airlines
Liu Dan, CFO, Hainan Airlines

09:55 Aircraft financing: China's place in an everchanging international marketplace

• Financing options in a deleveraging world
• Liquidity providers banks vs. lessors vs. export credit vs. non traditional investors
• Funding costs: RMB vs. USD
• Will Chinese banks play a great role as liquidity providers in international markets
• The growing trends of Chinese banks moving into the leasing arena what are the advantages

Cong Lin, CEO, ICBC Leasing

10:30 Benefits of buying a new aircraft vs. old aircraft

• Lessee quality
• Risk assessment
• Lease terms
• Predictability of cash flows

Soerern Ferré, CEO, AerCap Group Services

11:00 Networking coffee break

11:40 The impact of economic stimulus on China's aviation industry

• Contrasting the performance of different airlines around the world
• Challenges facing China's economy
• Can China sustain the growth
• How do changes in demand patterns effect flight trends

Peter Morris, Chief Economist, Ascend

12:10 Equity market perspective on airlines

• Equity valuations: Chinese airlines vs. international airlines
• Is public equity available as a financing source
• IPO of new LCCs

Anup Mysoor, Managing Director, Head of Industrials, Consumer & HealthCare, Global Corporate Bank, Asia Pacific, Citi

12:40 Lunch

14:00 Case study: Aircraft portfolio acquisitions what mix of aircraft and lessees to look for

• Managing the risk for financing acquisition individual lessee default and offlease aircraft
• Dealing with lessees as a new lessor under a novated lease
• Valuation of a portfolio of aircraft

John Leenane, Senior Vice President, Structured Finance, ORIX Aviation

14:30 Case study: Dealing with default scenario in aircraft financing The Cape Town Convention registration system in China

15:00 Fuel: Riding the roller coaster

• How to hedge in current market conditions
• Choosing the duration of contracts
• Challenges for dealing with liquidity and market fluctuation
• Handling the hedging losses
• How to differentiate hedging losses and speculative losses
• Predictions for the future of oil prices

Foo Chee Hong, Vice President, Commodities Derivatives, Société Générale Corporate & Investment Banking

15:30 Networking coffee break

16:00 Panel discussion: When will the time be right to invest in airlines and aircraft

• Where are the good opportunities
• What are investors looking for
• What are the potential risks and rewards in current market conditions
• Funding alternatives for aviation assets
• Interests of retail investors in assets and lessee credits
• Restructuring a troubled asset what will make it work

Lothar Ratei, Partner, GSI Fonds

Hani Kuzbari, Vice PresidentInvestments, Novus

16:45 Panel discussion: Lending considerations and export credit terms for aircraft financing

• Utililising balance sheet capacity to bridge the funding gap
• Liquidity and the cost of capital what can be allocated to aviation
• What is the risk weighting being applied to Chinese airlines
• Managing the lending portfolio lessors vs. airlines
• Asset backed lending vs. collateral management
• Who will fund the export credit backed deals
• Assessing the credit worthiness of airlines and lessors
• What role should China ExIm Bank plays to help the airlines in export finance transactions
• China's ExIm Bank's role in financing Chinese aircraft for nonChinese carriers

Wu Qi Jin, Deputy Director General, Department of Transportation and Communication, ExIm Bank of China

Zhao Xiongfei, Senior Manager, Corporate Banking Department, Bank of China

Peng Shuang, Deputy Head of Aviation, ICBC

Nicolas Parrot, Head of Aviation Finance Group, AsiaPacific, BNP Paribas

Alain Chrun, Managing Director, Head of Asia Aviation Group, Structured Finance Department, Calyon Credit Agricole

17:30 Chairman's closing remarks following by cocktail reception

Friday 26 June 2009

08:30 Registration and morning coffee

09:00 Chairman's opening remarks

09:10 Panel discussion: How carriers outside China are faring

• The view from Europe and the US fuel, demand and funding options
• Lending opportunities for Chinese banks
• How Chinese leasing companies can help foreign carriers

Sophie Bouvard, Financial Affairs Head of Corporate Finance, Air France

Markus Ott, Head of Corporate Finance, Deutsche Lufthansa AG

09:55 What will be the next generation of Chinese commercial aircraft

• Domestic demand for aircraft: COMAC 919 vs. ARJ 21
• Developing new engine technology
• Striving for fuel efficiency
• Maximising capacity levels
• Marketing the aircraft domestically and internationally

10:30 Impact of the global recession on aircraft valuation

• Value distortion for popular aircraft how far have values fallen
• What types of aircraft are performing well in the secondary market
• When will the value recover

11:00 Networking coffee break

11:30 Panel discussion: Impact of the economic slow down on China's air cargo industry

• Examining changing trends in freight volumes
• Challenges facing the cargo industry
• Cargo capacity and facilities
• Managing the supply chain
• Challenges for financing converted freighters

Kay Kratky, CEO, Jade Cargo International

Xie Xiaodong, CFO, Shanghai Airlines Cargo

Yang Jian, General Manager, Finance Department, China Air Cargo

12:00 Manufacturer finance: Bridging the funding gap

• In the absence of capital markets, where do manufacturers seek capital
• Who will provide the liquidity to the industry
• Flexibility of financing terms vs. cost of capital

Moderator: Alasdair Whyte, Group Editor and Publisher, Airfinance Journal

Kostya Zolotusky, Managing Director, Capital Markets Development, Boeing Commercial Aircraft

Christophe MillionRousseau, Senior Director Customer Finance, Airbus

12:30 Lunch

14:00 Chinese lessors' panel discussion: Can China aviation leasing companies turn the crisis into an opportunity

• Is it the right time for Chinese lessors to enter the international market
• Onshore market vs. offshore market where are the opportunities for lessors
• Opportunities for cross border leasing
• Challenges for dealing with non Chinese clients
• Constraints on aircraft acquisition
• Are lessors and banks still financing aircraft
• Managing different asset pools
• Satisfying different lessees flexibility of leasing terms

Johnny Lau, Managing Director, Global Head of Aviation Finance, ICBC Leasing

Frank Gao, General Manager, Changjiang Leasing

Wang Jialin, President, Shanghai Electric Leasing

14:45 International lessors panel discussion: Assessing opportunities in the Chinese leasing markets

• How are lessors affected by the economic downturn
• Assessing the implications of currency restrictions
• Legal and documentary risks
• Issues related to withholding tax
• What is the potential of the Chinese leasing market
• Developing a secondary market
• How can international leasing companies compete effectively in China

Moderator: Garry Burke, Chief Executive Officer, Pembroke Group

Soerern Ferré, CEO, AerCap Group Services

Robert Lamoureux, Vice President and Senior Regional Director, Asia Pacific, CIT Aerospace Asia

Steven Townend, Chief Commercial Officer and Deputy Managing Director, BOC Aviation

John H. McKean, SVP, Head of Airline Marketing, Aviation Capital Group

Chen Jie, Managing Director, Asia, ILFC

15:30 Networking coffee break

16:00 Regional manufacturers' panel discussion: Prospects of regional aviation in China

• Demand and supply for regional aircraft is there room for growth
• Benefits of establishing a joint venture with local manufacturers
• What will the next generation of Chinese aircraft look like
• Risk classifications for regional jets will smaller aircraft survive the crisis
• Pricing the aircraft in a challenging environment
• Export financing for regional aircraft
• How will smaller aircraft be financed

Tom Henning, Product Marketing Director, CFM

Yang Wenhan, General Manager, Finance Department, COMAC

Yugo Fukuhara, Director, Marketing, Mitsubishi Aircraft Corporation

Philippe Poutissou, Vice President of Marketing, Bombardier Commercial Aircraft

16:45 Chairman's closing remark and close of the conference