Aviation Finance
Aviation Finance
Starting dates and places
Description
Course overview The aviation industry is greatly affected by the
continually changing economic climate. The often technical and
complex issues, as well as the myriad of liabilities surrounding
it, can make financing aircraft a potentially expensive minefield.
Despite the risks involved, aviation finance is a potentially
lucrative venture. With the correct financing and security
structures, in conjunction with effective tax planning, many of
these liabilities can be identified and accounted for. This course
will provide you with an understanding of the key issues involved
in aviation finance in order to identify and minimise the inherent
risks and liabilities. The course utilises a variety of…Frequently asked questions
There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.
Course overview The aviation industry is greatly affected by the
continually changing economic climate. The often technical and
complex issues, as well as the myriad of liabilities surrounding
it, can make financing aircraft a potentially expensive minefield.
Despite the risks involved, aviation finance is a potentially
lucrative venture. With the correct financing and security
structures, in conjunction with effective tax planning, many of
these liabilities can be identified and accounted for. This course
will provide you with an understanding of the key issues involved
in aviation finance in order to identify and minimise the inherent
risks and liabilities. The course utilises a variety of lectures
and workshops to analyse the key legal, regulatory and documentary
issues involved in aviation finance. Topics covered include: How
aircraft finance differs from other areas of finance The common
financing tools used, including secured loans, tax leases and
export credits Ownership, different types of leases and similar
instruments Sub-Leasing and why a lessee might want to sublease an
aircraft Insurances, including the rights of creditors Events of
default: where they are relevant and what to do when they are
triggered Aircraft mortgages: how to take security over the
aircraft, it’s engines and constituent parts The Cape Town
Convention Pre-Delivery Payment Facilities Plus workshops on Rights
of owners and mortgages on airline’s default Structuring a tax
lease The Cape Town Convention Pre-Delivery Payments Past attendees
of Aviation Finance include: DVB Group Merchant Bank (Asia) Ltd CMB
Financial Leasing Co. Ltd Dubai Air Wing Australia and New Zealand
Banking Group Ltd Kasikorn Factory and Equipment Co. Ltd BOC
Aviation Pte Ltd Development Bank of Japan Nok Airlines Public
Company Ltd Squire Sanders AWAS (Singapore) Pte Ltd Air China
Limited Bangkok Airways Co. Ltd PT. Bank Negara Indonesia (Persero)
Tbk China World Aviation Leasing Co. Ltd Hong Kong Airlines CIT
Aerospace Asia Pte Ltd ANZ Banking Group Ltd Portigon AG Credit
Industriel et Commercial Singapore Airlines Ltd Abu Dhabi
Commercial Bank PJSC Standard Chartered Bank Apex Flight Academy
Methodology As with all Euromoney Training courses, this programme
makes use of case-studies and exercises to ensure that you leave
the course ready to apply your new knowledge. Who should attend
this training course? The course will provide invaluable
information to all involved in aviation finance, especially:
Aviation finance executives Lenders to the aviation industry Risk
advisors Lawyers in banks Lawyers in the aviation industry Bankers
involved in aviation financing
Day 1 Introduction to Aircraft Finance What makes it so different? Who are the different players in the market? Financial institutions Operating lessors Scheduled and charter airlines Manufacturers Insurance companies Introduction to Common Financing Tools Secured Loan Operating and Finance Leases Residual Value Guarantees Securitisation Products Tax Leases Export Credits Overview of the Basic Legal Documentation Purchase Agreement Loan, Lease, Mortgage Assignment of Lease Assignment of Insurances Ownership, Different types of leases and similar instruments How do you decide what type of lease you want? Operating leases and finance leases Hire purchase agreements Sale and leasebacks Tax Leases Overview of the Contents of a Lease Why the different clauses are there and what they seek to achieve? Covenants and Conditions Precedent Examination of those that are specific to aircraft finance transaction Maintenance, Operations and Return Conditions Sub-Leasing Why might a lessee want to sub-lease an aircraft? What concerns might a bank have if a lessee requests the right to sub-lease an aircraft Exercise: How can these be reconciled? Day 2 Insurances: The Contractual Provisions Indemnities What is a contract of insurance? The rights of a creditor relating to a contract of insurance Insurances: The Policy A practical review of the actual contents of an insurance policy, its terms and their impact and consideration of how the policy and the insurance clauses have been affected by world events. Engine Rotation Security Mortgages and other types of security The impact of the Basel Accords Aircraft Mortgages A comparison of different jurisdiction and international conventions Taking security over the aircraft, its engines and constituent parts The Blue Sky case Other Liens Compared to rights of mortgagee Ownership rights Compared to rights of a mortgagee The Cape Town Convention Day 3 Export Credit Financing What are export credit agencies, what support do they give and what are their requirements in aircraft finance transactions? The New Aircraft Sector Understanding Tax Leases What is a tax lease? JOLCOs What are the concerns of the finance parties and how can they best be addressed? Residual Value Guarantees Capital Market Structures Secured and Unsecured Bonds Lease Portfolio Securitisations EETCs ECA Wraps Pre-Delivery Payment Facilities How to structure a PDP facility What security is available for Lenders to a PDP facility? Clawback risk
Day 1 Introduction to Aircraft Finance What makes it so different? Who are the different players in the market? Financial institutions Operating lessors Scheduled and charter airlines Manufacturers Insurance companies Introduction to Common Financing Tools Secured Loan Operating and Finance Leases Residual Value Guarantees Securitisation Products Tax Leases Export Credits Overview of the Basic Legal Documentation Purchase Agreement Loan, Lease, Mortgage Assignment of Lease Assignment of Insurances Ownership, Different types of leases and similar instruments How do you decide what type of lease you want? Operating leases and finance leases Hire purchase agreements Sale and leasebacks Tax Leases Overview of the Contents of a Lease Why the different clauses are there and what they seek to achieve? Covenants and Conditions Precedent Examination of those that are specific to aircraft finance transaction Maintenance, Operations and Return Conditions Sub-Leasing Why might a lessee want to sub-lease an aircraft? What concerns might a bank have if a lessee requests the right to sub-lease an aircraft Exercise: How can these be reconciled? Day 2 Insurances: The Contractual Provisions Indemnities What is a contract of insurance? The rights of a creditor relating to a contract of insurance Insurances: The Policy A practical review of the actual contents of an insurance policy, its terms and their impact and consideration of how the policy and the insurance clauses have been affected by world events. Engine Rotation Security Mortgages and other types of security The impact of the Basel Accords Aircraft Mortgages A comparison of different jurisdiction and international conventions Taking security over the aircraft, its engines and constituent parts The Blue Sky case Other Liens Compared to rights of mortgagee Ownership rights Compared to rights of a mortgagee The Cape Town Convention Day 3 Export Credit Financing What are export credit agencies, what support do they give and what are their requirements in aircraft finance transactions? The New Aircraft Sector Understanding Tax Leases What is a tax lease? JOLCOs What are the concerns of the finance parties and how can they best be addressed? Residual Value Guarantees Capital Market Structures Secured and Unsecured Bonds Lease Portfolio Securitisations EETCs ECA Wraps Pre-Delivery Payment Facilities How to structure a PDP facility What security is available for Lenders to a PDP facility? Clawback risk
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