Name: What are the most successful cash-burn and liquidity management strategies?
Start: 2021-01-19T10:55:00Z
End: 2021-01-19T10:55:41.000Z
Location: BrightTALK
Rating: 0

Airfinance Journal is a market leading financial publication of the global aircraft and aviation business. Published continually since 1979, it has been at the forefront of supporting and informing aviation professionals. The Journal includes the latest news, analysis and data relating to the financing of airlines, aircraft leasing companies and manufacturers.

All the winning deals from 2020, join the AFJ Awards 2020

Airfinance Journal Awards 2020

Ireland has long been the home of the global aviation finance industry since the days of Guinness Peat Aviation, hear Domhnal Slattery, the
CEO of Avolon and the Taoiseach, Micheál Martin discuss the future of aviation finance in Ireland.

Panelist: 

- Micheál Martin, Taoiseach, Republic of Ireland
- Domhnal Slattery, Chief Executive Officer, Avolon

In conversation with the Taoiseach

Previously airlines could have pointed to any number of factors to communicate their value to potential financiers or investors, whether it be their fleets or the product itself or ancillary options such as a loyalty scheme. Now however that question is more difficult to answer; hear some of the industry’s most prominent experts give their view.

Panelist:

- Mike Powell, Executive Chairman, Flybondi
- Neil Sorahan, Chief Financial Officer, Ryanair 
- Moderated by: Kieran O’Brien, Partner, Aviation Advisory, KPMG

Where is the value in an airline in 2021?

Topics covered:

- In what circumstances does it make sense for financiers to deploy capital in aviation now or in the future?
- What can prospective financiers or investors do to maximise the value of their capital deployments?
- In what form can we expect these deployments to be made?
- Geographical breakdown of opportunities in aircraft finance & M&A 
- What level of M&A activity should we be expecting, which players are best positioned to engage and where are the most promising opportunities to do so?
- Opportunities in alternative asset classes including mid-life aircraft?

Panelist: 

- Catherine Ennis, Chief Legal Officer, SMBC Aviation Capital
- Ted O’Byrne, Managing Director, Co-Head of Aviation, Carlyle Aviation Partners
- Michel Angelo Raimondi, Executive Director, Global Capital Markets, Morgan Stanley 
- Armin Rothauser, Partner, Castlelake
- Ray Sisson, Director, Credit Suisse
- Radha Tilton, Managing Director, Goldman Sachs
- Moderated by: Séamus Ó Cróinín, Partner, Finance, A&L Goodbody
- Moderated by: Henry Morriello, Partner, Arnold & Porter
- Additional Commentary: Dan Hartnett, Partner, Arnold & Porter

Capitalising on M&A & finance opportunities in the aviation market?

Topics covered:

- How has the banking sector’s view of airlines and the broader aviation industry’s credit-worthiness changed since the pandemic?
- What criteria are aviation financiers looking at when deciding whether or not to deploy capital in the sector?
- What can airline and lessor management teams be doing to to strengthen their case for bank finance in the next 6-12 months?

Panelist: 

- Richard Moody, Managing Director, Global Head – Transportation Finance, Deutsche Bank
- Joseph Shanahan, Managing Director, Global Aviation, Citi
- Vinodh Srinivasan, Managing Director & Co-Head of the Structured Credit Group, Mizuho Securities 
- Moderated by: Michael Duff, Managing Director, The Airline Analyst

What is the lending strategy for aviation banks?

Topics Include:
- Moving forward what will happen to the aviation industry? 
- Defer of payment for aircraft rentals? 
- How will the entrance or exit of investors change the industry competition structure? 

Moderator: 
+ Dominic Lalk, Asia Editor, Airfinance Journal 

Panelists: 
+ Stuart Hatcher, Chief Operating Officer - Managing Director Aviation, IBA
+ Peter Huijbers, Director, PH Aviation Asia Ltd.)
+ Shin Watanabe, Managing Executive Officer, Head of Transportation Business Unit, Sumitomo Mitsui Finance & Leasing

REPLAY - Aviation finance amid Covid-19 - an update from the Asia Pacific

• A number of lessor ABS pools have been downgraded or placed on negative outlook since the pandemic, how significant is this and what can lessors do to reassure investors?
• Which aircraft types are particularly vulnerable in the current environment?
• What long term impact do we expect the COVID-19 outbreak to have on the aircraft ABS market?

Speakers:

+ John Mowry, Managing Director, Alton Aviation Consultancy
+ Carla Schriver, Vice President, Goldman Sachs
+ Betsy Snyder, Director, Corporate Ratings, S&P Global Ratings
+ Drew Fine, Partner, Milbank LLP (Moderator)

Should lessors be concerned about ratings agencies’ view of ABS pools?

Speaker: 

+ Darren Hulst, Vice President, Commercial Marketing, Boeing Commercial Aircraft

The aviation market environment today – a Boeing analysis

This ground-breaking panel will shine a light on the experiences of Black and Brown men and women in our industry, and explore some much-needed pathways for driving greater equity for people of color in aviation finance going forward.

Speakers:

+ Kellianne Kelly, Vice President of Investment Banking, Evercore
+ Ripa Rashid, Head of Diversity & Inclusion, Cowen Inc.
+ Mahamane Toure, Senior Manager, Corporate Finance, United Airlines
+ Amelia Anderson, Co-Founder & President, AWAR (Moderator)

The Black Professional: Racial Equity and the Path Forward in Aviation Finance

Speaker: 

+ Adam Pilarski, Senior Vice President, AVITAS

Pilarski Says…

• What impact will oversupply have on asset values across the board?
• Who will be the likely takers of additional aircraft?
• Which aircraft type will be most vulnerable?

Speakers:

+ Simon Finn, Director – Aviation Research, MUFG
+ Doug Kelly, Senior Vice President, Asset Valuation, AVITAS
+ Olga Razzhivina, Senior ISTAT Appraiser, Oriel
+ Mike Yeomans, Head of Valuations, IBA Group Ltd
+ Olivier Bonnassies, Managing Editor, Airfinance Journal (Moderator)

Managing the glut, where will all the planes go and what will they be worth?

• US airlines have engaged in various financing strategies in order to raise liquidity, how has the market responded and what does this tell us about the appetite to support aviation moving forward?
• What to make of the remarkable market cap dive and recovery which has hit airlines across North America?
• What lessons can the world’s airlines takeaway from US airlines successful fundraising initiatives?

Speakers:

+ Philip Baggaley, CFA, Managing Director, Corporate Ratings, S&P Global Ratings
+ Helane Becker, Managing Director, Cowen Inc
+ Rafael Kuhn, Director, Head of Aviation Capital Markets, Deutsche Bank Securities
+ Marjan Riggi, Senior Managing Director, Head of Aviation and Transportation, KBRA 
+ Matthew Simonetti, Director, Global Structured Finance , Citi
+ Laura Mueller, Managing Director, Airfinance Journal (Moderator)

Measuring the market response to North American post-Covid-19 airline fundraisin

• Will Norwegian Air Shuttle’s debt-for-equity swap with their lessor creditors be replicated by other airlines?
• How much more capacity do lessors have to support their airline customers?
• What happens if certain lessors eventually turn off the rental relief tap for lessees?

Speakers:

+ Andy Mansell, Partner, Split Rock Aviation
+ Ryan McKenna, Chief Executive Officer, Griffin Global Asset Management
+ John Luth, Chairman, Accenture Aviation & Chairman, President & Chief Executive Officer, Seabury Capital Group Ltd

Lessor led solutions for airline customers

Airfinance Journal would like to thank everyone who registered for our "What are the Capital Markets trying to tell us?" webinar. We sincerely hope you enjoyed it and look forward to welcoming you to our next webinar. Please feel free to reach out to us at registrations@airfinancejournal.com with any feedback or questions.

Key Topics Include: 

- The disconnect between credit default swaps and stock prices
- Why are still highly rated EETCs trading so poorly? 
- Lessons learned from the LATAM bankruptcy for EETC investors
- How will the North American airlines raise incremental capital? 
- Aircraft vs. Routes/Slots/Gates vs. Loyalty: which collateral is safest? - 
- How do you value each in a pandemic?
- Will the independent lessors hold on to their investment grade ratings and have access to low cost unsecured funding?

Speakers:
 
- Andy Mansell, Partner, Split Rock Aviation
- Bryson P. Monteleone, Senior Advisor, Pwc
- Mark Streeter, MD, Head of Transportation & Real Estate Credit Research, J.P. Morgan
- Laura Mueller, Managing Director, Airﬁnance Journal (Moderator)

REPLAY - What are the Capital Markets trying to tell us? - Airfinance Journal

Airfinance Journal would like to thank all 770+ people who registered for our Cash Burn and Liquidity webinar. We sincerely hope you enjoyed it and look forward to welcoming you to our next webinar. Please feel free to reach out to us at registrations@airfinancejournal.com with any feedback or questions.  

Agenda: 
•Key numbers for the global airline industry
•Financing sources since 1 January 2020 
•How big is the cash burn for 2020? How big is the funding gap? 
•Government support 
•Unencumbered assets available for new debt and sale and leasebacks 
•Lessor funding sources 
•Who is going to fund the 2020 cash burn? 
•What shape will the industry balance sheet be in going into 2021? 
•Financing sources for 2021 deliveries  

Speakers: 
•Bertrand Grabowski, Independent Advisory
•Bryson P. Monteleone, Senior Advisor, PwC 
•Michael Duff, Managing Director, The Airline Analyst
•Laura Mueller, Managing Director, Airfinance Journal (Moderator)

REPLAY - Cash Burn & Liquidity Webinar - Airfinance Journal 2020

Topics covered:

- A look at the unsecured debt market and the importance of unencumbered assets 
- Which funding avenues have remained open to airlines further down the credit scale?
- How to best extract yield from your fleet?

Panelist: 

- Meghan Montana, Vice President, Treasurer, American Airlines
- Christine Rovelli, Senior Vice President, Finance & Fleet Management, Finnair
- Moderated by: Andy Mansell, Partner, Split Rock Aviation

What are the most successful cash-burn and liquidity management strategies?

aviation

cash burn

Finance

liquidity

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What are the most successful cash-burn and liquidity management strategies?

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