Chi-Stat 2017 Attendees As of May 24, 2017
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Aviation Industry Leaders Report 2021: Route to Recovery
The Aviation Industry Leaders Report 2021: Route to Recovery www.aviationnews-online.com www.kpmg.ie/aviation KPMG REPORT COVERS 2021.indd 1 20/01/2021 14:19 For what’s next in Aviation. Navigating Change. Together. Your Partner For What’s Next KPMG6840_Aviation_Industry_Leaders_Report REPORT COVERS 2021.indd 2021 2 Ads x 4_Jan_2021.indd 4 19/01/202120/01/2021 15:37:29 14:19 CONTENTS 2 List of 10 Regional Review 24 Airline Survivorship 36 Return of the MAX 54 Chapter Four: The Contributors and Post-Covid World Acknowledgements Chapter One Assessing which Boeing’s 737 MAX incorporates a regional airlines will survive the aircraft was cleared for The recovery from 4 Foreword from Joe review of the aviation immediate health crisis return to service after the devastation the O’Mara, Head of market. and the subsequent the US Federal Aviation coronavirus pandemic Aviation, KPMG recovery period has Administration officially has wrought on the 18 Government rescinded the grounding world is expected to be Ireland become an essential Lifelines skill for lessors, lenders order. Industry experts slow but how will the 6 Chapter One: and suppliers. discuss the prospects new world environment This section takes a for the aircraft type and impact demand for air Surviving the Crisis deep dive into the levels 28 Chapter Two: Fleet how it will be financed. travel. This chapter also of government support considers the impact This chapter considers Focus for the aviation industry 44 Chapter Three: The of climate change the macroeconomic and around the world and Airlines are likely to Credit Challenge concerns on the aviation geopolitical shock of the considers its impact emerge from the crisis coronavirus pandemic industry. -
Annual Report & Accounts
Annual Report & Accounts 2019 2 Contents ANNUAL REPORT AND ACCOUNTS REPORT ANNUAL 3 REPORT 2019 Highlights 5 Chairmanʼs Statement 6 Chief Executiveʼs Statement 8 Financial Review 12 Q&A: Aircraft Trading 16 DIRECTORSʼ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS 2019 Directors and Other Information 24 Contents Directorsʼ Report 25 Statement of Directorsʼ Responsibilities 28 Independent Auditorsʼ Report 29 Consolidated Statement of Profit or Loss and Other Comprehensive Income 31 Consolidated Statement of Financial Position 32 Company Statement of Financial Position 33 Consolidated Statement of Changes in Equity 34 Company Statement of Changes in Equity 35 Consolidated Statement of Cash Flows 36 Company Statement of Cash Flows 37 Notes to the Consolidated Financial Statements 38 Acronyms and Abbreviations 77 ANNUAL REPORT AND ACCOUNTS REPORT ANNUAL 4 Through active fleet management, we maintain one of the youngest fleets in the industry. 2019 Highlights ANNUAL REPORT AND ACCOUNTS REPORT ANNUAL 5 OUR RATING OUR FLEET OUR PEOPLE A-/A- 720+ 185+ Fitch and S&P ratings, Our fleet comprises professionals working the highest rated of 720+ owned / worldwide. dedicated aircraft managed / committed leasing company in aircraft. the industry. OUR FLEET OUR TRADING OUR CUSTOMERS 4.2 400+ 150+ Years weighted c. 400+ aircraft sold to customers in over 50 average age of our 100+ investors. countries worldwide. fleet. We adopt a multi-layered approach to risk management, understanding our customers and their markets. Our shareholding base sets us apart by giving us one of the broadest product offerings in this industry. Our consistent, disciplined strategy has served us very well, allowing us to deliver consistent returns to our business and shareholders. -
12:00Pm Conference Welcome 12:15Pm Introduction to Aviation
Day 1 12:00pm Conference Welcome 12:15pm Introduction to Aviation Debt Douglas Runte, Managing Director, Deutsche Bank 1:00pm Air Travel Outlook John Heimlich, Chief Economist, Airlines for America (A4A) Brian Pearce, Chief Economist, International Air Transport Association (IATA) 2:00pm Intro to Aircraft Appraisals and Case Studies Bryson Monteleone, Chairman, ISTAT Appraisers Program and Senior Advisor, PwC 2:45pm Rating Aircraft ABS Rajesh Subramanian, Associate Director, Standard & Poor’s Hylton Heard, Senior Director, Fitch Ratings 3:45pm Investing in Aviation Debt Suzanne Trepp, Senior High Yield Research Analyst, Western Asset Management Co. Dan Seymour, President, Cannae Advisors 4:30pm Workshop Concludes Day 2 8:00am Conference Welcome and Opening Remarks Deutsche Bank, Douglas W. Runte, CFA, Managing Director 8:05am Airbus Boeing Debate Boeing, Darren Hulst, Vice President Commercial Marketing Airbus, Mark Pearman-Wright, Head of Marketing, Aircraft Investors 9:15am BOC Aviation, Robert Martin, Chief Executive Officer 9:45am Dubai Aerospace Enterprise, Firoz Tarapore, Chief Executive Officer 10:15am Appraisers: Aircraft Values and Lease Rates Aircraft Valuation History Cirium, Michael Lapson, Senior Valuations Analyst, Senior ISTAT Appraiser Widebody Update Avitas, Doug Kelly, Senior Vice President Narrowbody Update MBA, David Tokoph, President & Chief Executive Officer 11:45am AerCap, Aengus Kelly, Chief Executive Officer 12:15pm Avolon, Domhnal Slattery, Chief Executive Officer 12:45pm SMBC Aviation Capital, Peter Barrett, Chief Executive Officer 1:15pm Break 1:45pm Aircastle, Mike Inglese, Chief Executive Officer 2:15pm GECAS, Greg Conlon, Chief Executive Officer 2:45pm Air Lease Corp, Gregory Willis, Chief Financial Officer 3:15pm Aviation Capital Group, Khanh Tran, Chief Executive Officer 3:45pm Castlelake, Evan Carruthers, Chief Investment Officer & Managing Partner 4:15pm Merx Aviation, Gary Rothschild, CEO, Merx Aviation and Head of Aviation Finance, Apollo 4:45pm Conference Concludes . -
Aircraft Financing (US): Overview
Resource ID: W-001-5042 Aircraft Financing (US): Overview PRACTICAL LAW FINANCE WITH RICHARD FUREY, HOLLAND & KNIGHT LLP, BASED ON AN ORIGINAL ARTICLE BY MARA ABOLS, DARCY BINDER, JAMES HAYDEN AND CHRISTIAN HANSEN OF WHITE & CASE LLP Search the Resource ID numbers in blue on Westlaw for more. An overview of aircraft financing and the The different national and sub-national laws and regulations and challenges posed by these transactions. international treaties and conventions that must be taken into account when structuring and documenting aircraft financing This Note also discusses the parties typically transactions. The interrelationship among these different laws, involved in aircraft financing transactions and regulations, and treaties create significant complexity that must be considered when negotiating these transactions. For more their roles, including manufacturers, owner information on these issues, see Practice Note, Aircraft Financing: trustees, lessees, export credit agencies, and US and International Laws, Regulations and Registration Requirements (W-001-6310). development banks. The potential liability for participants involved in aircraft financing transactions in case of an accident or other loss event. The illiquid nature of the aviation market. There are not many Aircraft or aviation financing is the financing of the purchase and potential buyers of the aircraft if there is a default under the loan operation of one or more aircraft and related assets, by an airline, agreement, indenture or lease, as applicable. Even if a buyer can aircraft lessor or other entity using one of a variety of financing be secured: structures. Depending on the needs of the participants, the financing zthe cost of transferring ownership to that buyer may be may be structured as a secured loan, a debt offering, or a lease significant; and (whether an operating lease or finance lease). -
SMBC Aviation Capital Annual Report & Accounts 2016
SMBC Aviation Capital Annual Report & Accounts 2016 Annual Report & Accounts 2016 Contents 03 2016 Highlights 04 Chairman’s Statement 06 Chief Executive’s Statement 10 Customer stories - A new beginning with Nesma 12 Our people and our teams - Michael Littleton 14 Customer stories - Delivering our first A320neo to GoAir 16 Our people and our teams - Danielle Keogh 18 Customer stories - Rolling out Air Europa’s new Dreamliner 20 Our people and our teams - Nick Hazeldine 22 Customer stories - Preparing Jeju’s expanded fleet 24 Directors’ Report and Consolidated Financial Statements 2016 26 Directors and other information 27 Directors’ report 29 Statement of directors’ responsibilities 30 Independent auditors’ report 32 Consolidated statement of comprehensive income 33 Consolidated statement of financial position 34 Company statement of financial position 35 Consolidated statement of changes in equity 36 Company statement of changes in equity 37 Consolidated statement of cash flows 38 Company statement of cash flows 39 Notes to the financial statements 76 Acronyms and abbreviations SMBC Aviation Capital Annual Report & Accounts 2016 2016 Highlights Our Fleet Our Rating Our Customers Our Trading 660+ BBB+ 150+ 300+ owned/managed/ Fitch & S&P rating, airline and investor aircraft sold to 65 committed one of the highest customers in over 50 third party investors rated lessors in the countries worldwide industry 4.7 Our People Our History Our Fleet Our Utilisation 160 15 4.7 99.7% professionals working year track record average weighted average fleet utilisation worldwide of growth and age of fleet since 2005 profitability SMBC Aviation Capital is a leading aircraft leasing company. -
SMBC Aviation Capital
Investors Presentation Sumitomo Mitsui Financial Group, Inc. January , 2013 Agenda I. 1H, FY3/2013 performance 1. 1H, FY3/2013 financial performance 2 2. Contribution of subsidiaries and affiliates 3 3. Loan balance and spread 4 4. Credit costs 7 5. Non-performing loan balance and ratio 8 6. Equity holdings 9 7. Earnings forecast for FY3/2013 10 II. Progress of the medium-term management plan and the strategic initiatives 1. Progress of the financial targets 11 2. Cross-selling 12 Per share information (SMFG consolidated) 3. International business 16 4. Consumer finance business 19 1H, FY3/2013 FY3/2013 results (Nov. forecast) III. Capital policy and return to shareholders 22 Net income per share JPY 244.50 JPY 398.84 ROE * 12.8% Appendix 23 Dividend per share JPY 50 JPY 100 * Annualized Sep. 30, 2012 Net Assets per share JPY 3,966.30 1 I. 1H, FY3/2013 performance 1.1H, FY3/2013 financial performance P/L Credit ratings (SMBC) 1H, Difference YOY FY3/2012 from May FY3/2013 change Moody’s Aa3 / P-1 R&I AA- / a-1+ (JPY bn) forecast Gross banking 1,532.5 786.7 +56.7 (32.8) profit S&P A+ / A-1 JCR AA / J-1+ of which Gains (losses) on bonds 152.5 117.3 (7.1) Expenses*1 (719.5) (358.0) +2.0 (3.4) Fitch A- / F1 <OHR> 46.9% 45.5% (3.8)% +2.2% Contribution of subsidiaries Banking profit*2 813.0 428.7 +58.7 (36.2) to SMFG’s net income SMBC Total credit cost (58.6) 24.4 +54.4 +27.3 <non-consolidated> Gains (losses) 1H, YOY (15.2) (133.6) (87.5) FY3/2013 change on stocks (JPY bn) *3 Ordinary profit 695.3 274.5 (35.5) (123.0) SMBC Consumer Finance 31 -
Weekly Aviation Headline News
ISSN 1718-7966 June 24, 2019/ VOL. 695 www.avitrader.com Weekly Aviation Headline News WORLD NEWS Lufthansa announces direct service between Newcastle and Munich Lufthansa has strengthened its com- mitment to the UK market with a new direct flight from Newcastle Interna- tional Airport (NCL) to Munich. Com- mencing operations from 3 February 2020, the Airbus A319 aircraft will fly six times weekly between the two cities and provide onward connections from Munich throughout Europe, Americas and Asia Pacific. This is the first New- castle route for Lufthansa, opening its seventh destination in the UK. IAG intends to take Air Astana wins for eight years 200 Max in a row planes. Air Astana, the flag carrier of Kazakh- Photo: stan, has been recognised for 4 Star Boeing service excellence, retaining the ac- colade of “Best Airline in Central Asia and India” in the Skytrax World Airline IAG looks to the Max Awards for the eighth consecutive Airbus to challenge ‘mysterious’ order year. The prestigious awards ceremo- ny took place at the 53rd edition of the Certainly, the surprise announce- LEVEL plus British Airways at Lon- craft will make a successful return Paris Air Show at Le Bourget on 18 ment at the just ended Paris Air don Gatwick airport. to service in the coming months June 2019. Over 21 million air travel- Show was the very unexpected having received approval from the lers were surveyed about their experi- order by the International Airline Willie Walsh, IAG chief executive, regulators”. ences with airlines on the ground and Group (IAG), which owns carriers said: “We’re very pleased to sign in the air over a 10-month period. -
Israel I. Sanchez Partner | Miami Israel I
Israel I. Sanchez Partner | Miami Israel I. Sanchez is a Partner in the Global Transport Practice of Smith, Gambrell & Russell, LLP. Mr. Sanchez’s primary areas of practice are aviation and aircraft finance, leasing, structured finance, and corporate law. Israel has experience in the structuring, drafting and negotiation of financing and leasing transactions (including tax-based leveraged and cross border leasing, synthetic and operating leases), workouts, restructuring and bankruptcy matters on behalf of banks, financial institutions, lessors, lessees, owner trustees, guarantors, manufacturers and purchasers and sellers of equipment (including commercial, regional, corporate and cargo aircraft, aircraft engines and spare parts). He also has particular experience in all aspects of financing and leasing of business Contact Information jet aircraft and fractional interest ownership programs. p: 786-522-2540 f: 786-522-2612 Representative Experience: e: [email protected] • Representation of Volaris in connection with the negotiation Areas of Practice of operating lease transactions with various aircraft and engine Global Transport lessors including AWAS, BOC Aviation, ILFC, SMBC Aviation Capital, Financing and Commercial Jackson Square Aviation, CIT, Avolon, Amentum, Macquarie, GE Transactions Capital Aviation, and ELFC. Mergers & Acquisitions • Representation of Volaris in connection with the negotiation of Structured Finance Airbus A320 aircraft family purchase agreements with Airbus Corporate Law S.A.S. • Representation of Copa Airlines -
特定機種の顧客別受注・納入状況 (2020年12月末現在) ・B747-8
YGR-9009-2012 認可 作成 2021/1/26 特定機種の顧客別受注・納入状況 (2020年12月末現在) ・B747-8 ・B767 ・B777 ・B787 ・A220 ・A330 ・A350 ・A380 (注)本表は、メーカー発表データを基に、新製機の受注・納入機数を初 度顧客別にJADCで集計したものです。納入後、退役や売却等が行わ れていますので、本表の納入機数は初度顧客の現在の運航機数とは 異なっています。 2021年1月26日発行 一般財団法人 日本航空機開発協会 747-8の受注納入状況 (1/12) 2020年12月末現在 顧客名 国名 機材 エンジン 確定 納入機数 備考 タイプ 受注機数 Air China China 8 GEnx 7 7 AirBridgeCargo Airlines Russian Federation 8F GEnx 7 7 Atlas Air, Inc. USA 8F GEnx 10 10 Business Jet / VIP Customer(s) USA 8 GEnx 8 8 Cargolux Airlines Internationa Luxembourg 8F GEnx 14 14 Cathay Pacific Airways Hong Kong 8F GEnx 14 14 Korean Air South Korea 8F GEnx 7 7 8 GEnx 10 10 Lufthansa Germany 8 GEnx 19 19 Nippon Cargo Airlines Japan 8F GEnx 8 8 Silk Way Airlines Azerbaijan 8F GEnx 5 5 Unidentified Customer(s) Unidentified 8F GEnx 4 4 8 GEnx 1 1 UPS USA 8F GEnx 28 20 USAF PAR Program USA 8 GEnx 2 2 Volga-Dnepr UK Ltd Russian Federation 8F GEnx 9 6 8 47 47 合計 8F 106 95 計 153 142 顧客名はメーカー発表の通り 767の受注納入状況(1/2) (2/12) 2020年12月末現在 機材 確定 顧客名 国名 エンジン 納入機数 備考 タイプ 受注機数 Aeromaritime France 200ER PW 2 2 300ER PW 1 1 Air Algerie Algeria 300 GE 3 3 Air Astana Kazakhstan 300ER PW 3 3 Air Canada Canada 200 PW 10 10 200ER PW 9 9 300ER PW 6 6 Air China China 300 PW 4 4 200ER PW 6 6 Air France France 300ER GE 3 3 Air Mauritius Mauritius 200ER GE 2 2 Air New Zealand New Zealand 200ER GE 3 3 300ER GE 5 5 Air Zimbabwe Zimbabwe 200ER PW 2 2 All Nippon Airways Co., Ltd. -
LABUAN LEASING (Updated As at 13 April 2020)
LABUAN LEASING (Updated as at 13 April 2020) CEASED OPERATIONS NO NAME DATE CEASED REMARKS 1 UTF Labuan Limited 3-Aug-01 - 2 Taubaatkompaniet Management Labuan 24-Sep-03 - 3 Stena Leasing Labuan Ltd 17-Feb-06 - 4 Tombo Aviation (L) Inc. 31-Mar-06 - 5 TM International Leasing Incorporated 6-Aug-06 - 6 Makro Malaysia Leasing Ltd 17-Aug-06 - 7 Forsayth Offshore Pte Ltd 28-Nov-06 - 8 SCG Asia Capital Pte. Ltd. 20-Jun-07 - 9 Nepline International Limited 30-Jan-08 - 10 Al Ghaith Shin Yang (L) Berhad 19-Nov-08 - 11 Marsol Shin Yang (L) Berhad 19-Nov-08 - 12 Crest Hidayat (L) Ltd 26-Nov-08 - 13 Inai Kiara (L) Ltd 26-Nov-08 - 14 AerCap Asia Limited 31-Dec-08 - 15 ALS Malaysia Leasing Limited 31-Dec-08 - 16 BR Offshore Services Limited 31-Dec-08 - 17 CIT Malaysia Two, Inc. 31-Dec-08 - 18 Flagship Marine (L) Inc 31-Dec-08 - 19 KST Gagie Labuan Ltd. 31-Dec-08 - 20 Intraline Offshore (Labuan) Ltd. 15-Jan-09 - 21 Diamond Airfinance (Labuan) Limited 18-Mar-09 - 22 GAIF Malaysia I, Ltd 25-Mar-09 - 23 GAIF Malaysia II, Ltd. 15-Jun-09 - 24 ACG Acquisition Labuan Ltd 17-Jun-09 - 25 M3nergy Labuan Ltd 17-Aug-09 - 26 GOAL Projekt Nr.3 (Labuan) Ltd. 10-Dec-09 - 27 Nabors Drilling (Labuan) Corporation 22-Jan-10 - 28 Ombak Marine International Limited 22-Jan-10 - 29 Sarawak Corporate Sukuk Inc. 25-Mar-10 - 30 Sarawak Venture Incorporated 25-Mar-10 - 31 NBY Ltd 30-Dec-10 - 32 Titan Leasing (L) Ltd 30-Dec-10 - 33 Perisai (L) Inc. -
The Aviation Industry Leaders Report 2019: Tackling Headwinds
The Aviation Industry Leaders Report 2019: Tackling headwinds www.aviationnews-online.com www.kpmg.ie/aviation GROWTH FRONTIERS NEW YORK 2019 16th-18th October 2019 Intercontinental New York Barclay, New York, USA Growth Frontiers Conference 40 under 40 & Aviation 100 Americas Awards Intercontinental New York Barclay, New York Intercontinental New York Barclay, New York 17th-18th October 2019 17th October 2019 For more information and bookings contact: [email protected] or call +44 (0) 1782 619 888 NEW-YORK-2019.indd 1 15/01/2019 10:07 NEW YORK CONTENTS 3 Foreword 4 Executive Summary 8 The State of the Aviation Industry 11 Regional optimism levels 28 Aviation Finance 46 Aircraft Market 54 Digital Transformation 56 Final Thoughts THE AVIATION INDUSTRY PRODUCTION AND ONLINE PUBLISHER LEADERS REPORT 2019 Dino D’Amore Aviation News Ltd [email protected] Registered in England & Wales: 7351543 EDITOR & AUTHOR CONFERENCES & EVENTS Registered address: Victoria Tozer-Pennington Louise Abbots Suite 1, First Floor, Parklands, 1 Lyme Drive, [email protected] [email protected] Trent Vale, Stoke-On-Trent, ST4 6NW CONTRIBUTORS Lauren Eldershaw VAT number: GB 102 4185 61 Tom Woods [email protected] Copyright 2019 Aviation News Ltd ADVERTISING & SPONSORSHIP ENQUIRIES SUBSCRIPTION ENQUIRIES Airline Economics (Print) ISSN 2045-7154 Philip Tozer-Pennington Annual subscription: Airline Economics (Online) ISSN 2045-7162 [email protected] £265 (+VAT where applicable) John Pennington All rights reserved. No part of this publication may be repro- Guy Helliker [email protected] duced by any means whatsoever without express permission of [email protected] the Publisher. -
Global Leaders in Aviation Finance Kpmg.Ie/Aviation Global Leaders in Aviation Finance
Global Leaders in Aviation Finance kpmg.ie/aviation Global Leaders in Aviation Finance Ireland has been at the heart of the aircraft leasing industry for over three decades and KPMG has advised on almost every major transaction over that period. KPMG – KPMG Ireland is the leading and The Aviation Leaders Report what we can do for you largest transaction advisory firm in Each year KPMG and Airline Economics the global aviation finance market produce an in-depth report, which The team at KPMG Ireland have u We are the only professional captures the views of over 40 industry been the leading advisers to the services firm identified in the leaders across the leasing, airline and international leasing industry for over “AirFinance Power 30” list of banking markets and includes the views 30 years. We are globally recognised companies that make an essential of ratings agencies covering the sector. as the Aviation Finance and Leasing contribution to aviation finance. To access the report, please visit Centre of Excellence with over 150 To qualify, all companies had to www.kpmg.ie/aviation senior professionals offering you an meet one test: if they went out incomparable scale and depth of of business would the market feel experience. a significant loss? We provide a range of audit, tax and u We have the biggest concentration advisory services and can assist across of aircraft leasing clients of any firm a range of issues. No matter what in the world, including the major stage your company is at, we have the deal-makers and deal-doers in the expertise to help you.