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䙉N䅎䍅 ☠䱅䅓IN䜠䝕I䑅 2018
ISSUE SEVEN 2018
䙉N䅎䍅 ☠䱅䅓IN䜠䝕I䑅 2018
Nordic Aviation Capital
VedderPrice
Arena Aviation Capital
CMS
_
LawTax
_CMYK_10-18.eps
Dr. Peters
GROUP
www.aviationnews-online.com
Your Global Partners for Financing
and Management of Aircraft
Japan | Ireland | Netherlands | UAE | Singapore
WWW.FPG.JP | WWW.FPG-AIM.COM | WWW.FPG-AMENTUM.AERO
CONTENTS
2 Letter from the Editor 82
The year ahead 86
4 News
88
48 In it for the long haul
CEO Toby Bright and his team 92
say patience and a focus on sale-
leaseback deals have positioned 96
䙉N䅎䍅 ☠䱅䅓IN䜠䝕I䑅 2018 ISSUE SEVEN
Your Global Partners for Financing and Management
CONTENTS 2 Letter from the Editor
EDITOR’S LETTER THE YEAR AHEAD ISSUE SEVEN
BOSTON | SHANNON | LONDON | SINGAPORE SUPP
NEWS Three ABS deals enter the market Three
It's about you. Only one MR
Bombardier, C Series are trademarks of Bombardier
radical innovator C Series Radical
NEWS UK court rules in favour of Monarch; IAG p
OUR EXPERIENCE DRIVES YOUR EXCELLENCE.
NEWS US upholds Bombardier anti-dumping duties
www.rolls-royce.com/servicescatalogue In t
NEWS Ramki Sundaram launches Airborne Capital R
Asset Management Aset Management • • • Remark
Matheson Aviation Finance The Aviation Finance G
MEET THE TEAM: Rory McPhillips PARTNER Asset Fin
NEWS Airbus and Bombardier announce C series pa
NEWS Guy Hands over AWAS to DAE Dubai Aerospace
NEWS Avolon completes CIT acquisition
NEWS CDPQ & GECAS launch new aircraft financing
Above & Beyond With 50 years' experience in avia
NEWS SKY Leasing closes debut ABS Sky Aviation
When it matters most: AOG +49 171 4314333 Thrust
NEWS Stellwagen Capital closes first loan inves
…Constructed. Financed. Exported. The moment of
NEWS Korean investor aviation interest buoyed b
AIRCRAFT. FINANCING. INVESTMENT.
NEWS American secures stake in China Southern A
© 2016 Citigroup Inc. Citi and Citi with Arc Desi
NEWS Goshawk completes private placement Go
New name, same first class service With almost 30
NEWS AFIC supports Boeing purchases Marsh has o
NEWS Qatar Airways’ American manoeuvres
Global Transportation Finance Global clients. G
NEWS Market jitters emerge over HNA probe
Aviation advice that moves you forward Working
NEWS New tax regime for Hong Kong After its thi
Global Leader in Aviation
NEWS The demise of an icon The 1960s icon Mo
Congratulations to fellow avi
NEWS Standard Chartered establishes aviation le
Aircraft Finance & Credit Solutions
JACKSON SQUARE AVIATION In it for the long ha
industry right now is that airlines have lots of
JACKSON SQUARE AVIATION JSA’s roots extend
JACKSON SQUARE AVIATION JSA estimates that ro
JACKSON SQUARE AVIATION Airbus aircraft, with a
today, Bright says. Emerging Asia – p
The allure of investing in aviation By Richard Ha
out, our message to you is don’t worry about a th
INVESTING IN AVIATION and growing urban, “mi
have also been drawn to this industry by relative
RISK RETENTION Aircraft ABS and Risk Retention
(a) the “originator” (a credit institution or inv
RISK RETENTION the onerous capital requireme
of any responsibility for the effects of the rule
RISK RETENTION POST-EFFE
Helping You Reach Your Goals in Aviation Finance
IBA: CREDIT RISK Credit risk or business intellig
1 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1
on the back of the competiveness of the sector dr
Min 1.0 0.3 -0.3 Max 2
IBA: CREDIT RISK unfortunate examples of some l
Sponsors of the Airline Economics Growth Frontier
CHINA CROSSBORDER INVESTMENT
CHINA CROSSBORDER INVESTMENT
CHINA CROSSBORDER INVESTMENT
CHINA CROSSBORDER INVESTMENT
AIRCRAFT LEASING
remains relatively fragmented. The sector has and
AIRCRAFT LEASING Boeing forecasts deliverie
VI. THE GROWTH OF LOW-COST CARRIERS (“L
AVIATION & BREXIT Finding the right path Emma Gid
gives effect to the EU Treaties in the UK, upon
AVIATION & BREXIT At first sight the requireme
There are obviously alternatives to secure market
You only live twice MTU Maintenance Lease Service
development lair, MTU Maintenance Lease Servic
MTU MAINTENANCE LEASE SERVICES
MTU MAINTENANCE LEASE SERVICES
BLOCKCHAIN Blockchains and Distributed Ledgers
could not only support this automation for partic
Reducing the risk of an aircraft redelivery dispu
confirms that the primary reason for late redelive
REDELIVERY DISPUTES l
in approximately $44 million of lost consideratio
GECAS
GECAS GECAS at 50 The oldest aircraft leasing c
GECAS an investor and partner
companies offering more value-added services such
AWAS SALE TO DAE Guy Hands over AWAS to DAE DA
commenting that the investment may not have bee
AWAS SALE TO DAE “The deal that our current shar
AVIATION CAPITAL GROUP
for the insurance company’s fixed income investmen
AVIATION CAPITAL GROUP “ACG’s future has never b
First Meeting to Marriage in Months In September
AVIATION CAPITAL GROUP AND TOKYO CORPORATION S
AVIATION CAPITAL GROUP AND TOKYO CORPORATION go
GROWTH FRONTIERS KOREA 2018 19th-21st March 2018
GA TELESIS Providing total solutions GA Telesi
Koichi Nakajima, deputy president, director and
GA TELESIS approximately around 25 percent, whi
GA Telesis Businesses $ $ Aircraft
VELING Veling’s evolution Founded in 2
do that. We also knew from the outset that this t
VELING the demands of an
2015. The team spent many months in Japan speakin
VELING The Veling story continues Veling is
we know the market extremely well and the value p
VELING through our close contacts and airlines
VELING was founded in 2002 with a mission to offe
FORTY 40 UNDER 40 UNDER 40 40 under 40 2017 Air
40 UNDER 40 FORTY 40 UNDER Airline Economics
DYNAMIC INNOVATIVE DECISIVE Ae
40 UNDER 40 FORTY 40 UNDER MathewAdamo-SVP,C
FORTY 40 UNDER 40 UNDER 40 Airline Economics F
40 UNDER 40 Ankush Chowdhury - Senior Manager, T
40 UNDER 40 Eimear Gilmartin - Vice President, C
partner of choice 1000 airlines say so.
40 UNDER 40 Mark Hanley - Vice President, Airlin
CanyonCTS is a leading provider of Aviation Finan
40 UNDER 40 Marie-Louise Kelly - Chief Financial
FORTY 40 UNDER Ryan McKenna - Vice President
40 UNDER 40 FORTY 40 UNDER Kieran O’Brien -
FORTY 40 UNDER Beth Omar - Director of Financ
40 UNDER 40 Daniel Perez - Executive Vice Presid
FORTY 40 UNDER Fiona Scott - Senior Consultan
40 UNDER 40 Ronan Stewart - Chief Executive - Co
FORTY 40 UNDER Steven C. Udvar-Hazy - Vice Pr
SAEL SAEL looks to the future Airline Economic
Aviation Asset Management Our global network, co
SAEL Sumisho te
Your trusted partner in aviation finance services
AERFIN AerFin’s Evolutio
component and tooling support under innovative
AERFIN heavy overhaul. In
company moved into the RB211 product line, which
AERFIN company targets sub
THUNDERBOLT ABS A bolt from
ALC’s practice of feeding those airline relations
OLT 2017 nt AircraTfHt UABNSDPErRicBinOgLT ABS
No matter which direction the aviation industry i
NON-PERFORMING INSURANCE Supported finance evo
NON-PERFORMING INSURANCE
NOVATIONS Planes, pains and portfolio dea
the success of highly (re)marketable narrowbo
NOVATIONS into the deal
in advance of the scheduled closing date and requ
NOVATIONS may likewise
be guided by three principles when negotiati
PARTS Parting is Such Swee
the last stop on the way to the scrap heap. The p
PARTS the parts and are proficient, with recent
fragmented than today. Even though the total fleet
PARTS • Gross Sales Forecast: $20.0mm -
it to the same sophisticated organization we desc
LEASE TRANSITIONS Smooth Lease Transitions by Eli
“There are a multitude of details that need to be
END-OF-LIFE Making the most of ass
does not make sense to build in new parts or LLPs
LEASE TRANSITIONS Reducing t
AVOIDING UNNECESSARY COSTS According to a 2015
LEASE TRANSITIONS
Horizon Executive Search Horizon Executive Sear
GDPR Preparing for the new EU Gene
certain documents; (ii) carry out Privacy I
Thailand adopts MC99 The Montreal Convention 1999
Thailand are comparably low by global standards a
THAILAND CARGO The Act introd
SAFE TRAVELS Blockchain and cloud to reinforce
when dealing with scheduled and unschedul
COLLATERAL VERIFICATIONS
COLLATERAL VERIFICATIONS 29 583 29 583
COLLATERAL VERIFICATIONS the
COLLATERAL VERIFICATIONS BOEING 737-800 (AS OF M
COLLATERAL VERIFICATIONS
COLLATERAL VERIFICATIONS 17 17 17 2056
COLLATERAL VERIFICATIONS a
COLLATERAL VERIFICATIONS BOEING 737 MAX 8 (AS OF
COLLATERAL VERIFICATIONS
COLLATERAL VERIFICATIONS 15 15 15 232232 232In
COLLATERAL VERIFICATIONS be generated for an ai
COLLATERAL VERIFICATIONS AIRBUS A321‐200 (AS OF
COLLATERAL VERIFICATIONS
COLLATERAL VERIFICATIONS 5 5 5 In Servi
COLLATERAL VERIFICATIONS
COLLATERAL VERIFICATIONS BOMBARDIER CS300 (AS OF
COLLATERAL VERIFICATIONS
1.888.800.0030 1.888.800.0030 AIRCRAFT DATA
COLLATERAL VERIFICATIONS
COLLATERAL VERIFICATIONS AIRBUS A330-300 ‐ IN US
MONARCH AIRCRAFT ENGINEERING
MONARCH AIRCRAFT ENGINEERING of further opportu
MONARCH AIRLINES ADMINISTRATION Monarch Airl
MONARCH AIRLINES ADMINISTRATION “A simple declar
MONARCH AIRLINES ADMINISTRATION CONSIDERATIONS
MONARCH AIRLINES ADMINISTRATION
MONARCH AIRLINES ADMINISTRATION but prior t
MONARCH AIRLINES ADMINISTRATION An approp
DATA 2017 VALUES & LEASE RATES - 2ND QUARTER 2
DATA 2017 ENGINE VALUES - 2ND QUARTER 2017
DATA 2017 VALUES & LEASE RATES - 3RD QUARTER 2
DATA 2017 ENGINE VALUES - 3RD QUARTER 2017
DATA 2017 VALUES & LEASE RATES - 4TH QUARTER 2
DATA 2018 ENGINE VALUES - 1ST QUARTER 2018
DUBLIN AVIATION SUMMIT EUROPE’S FASTEST GROWING A
Navigating Global Aviation reed
Global Leaders in Aviation Finance KPMG in Irelan