2013 Aviation Finance and Operating Leasing School Asia Pacific

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1 4 th - 6 th November Conrad, Hong Kong Aviation Finance and Operating Leasing Schoo Asia Pacific Course Leaders: Schoo Directors: Adam Gimour, Managing Director, Head of Asia Pacific, Derivatives Saes & Structuring, Citi Richard Evans, Director and EMEA, Head of Transportation Export Finance, Citigroup Thomas Bieme, MD, Goba Structured Soutions, Citigroup Matthew Simonetti, Goba Structured Soutions, Citigroup Scott Mier, Associate, Aviation Peter Huijbers, Regiona Head of Commercia, Asia Pacific & Latin America, Hong Kong Aviation Capita Nick Hardge, Head of Transaction Management, Hong Kong Aviation Capita Oisin Murray, Head of Technica, Hong Kong Aviation Capita Pau Dwyer, Head of Risk, Hong Kong Aviation Capita Rick Macker, Head of Capita Markets, Hong Kong Aviation Capita Russe Hubbard, Regiona Head of Commercia, EMEA & North America, Hong Kong Aviation Capita Guest Lecturers: Andrew Cowen, Deputy CEO, Hong Kong Express Bi Cumberidge, Executive Director, KV Aviation Caron Hughes, Partner, KPMG China John Wikoff, Head of Transportation Finance, Godman Sachs Jin Matsushita, Department Head, Corporate Finance Soutions Department, IB products Group, Mizuho Securities Jon Sharp, President & CEO, ELFC John Timpany, Partner, KPMG China Mark Western, Partner, Mapes and Cader Matthew Bisey, Partner, Aen & Overy Nicoas Parrot, Head of Aviation Finance Group Asia Pacific, BNP Paribas Singapore Pau Ng, Goba Head of Aviation, Stephenson Harwood Pau Jebey, Head of Aviation, Asia and Africa, Cyde & Co Samson Lee, Managing Director, Head of Debt Capita Markets, BOC Internationa Dr. Stuart Hatcher, Head of Vauations and Risk, IBA Vicente Aava Pons, Managing Director, Aviation Finance, DVB Group Merchant Bank (Asia)

2013 Aviation Finance and Operating Day 1: Monday 4 th November 2013 0830 Registration and morning coffee 0850 Introduction by course eader 0900 Overview of the aircraft financing market Cycicaity of

2 2013 Aviation Finance and Operating Day 1: Monday 4 th November Registration and morning coffee 0850 Introduction by course eader 0900 Overview of the aircraft financing market Cycicaity of the aviation industry Lessors and airines funding costs Effect of impementation of Base III on commercia ending Deveopments in debt capita markets Effect of voatiity on equity financing Export credit back financing Loca currency ending Aternative investors in the aviation industry Scott Mier, Associate, Aviation 0940 Commercia ending and syndication Director oans Loan faciities LTV anaysis Pricing mechanisms PDP finance Lending considerations - airines vs. essors Credit risks airines vs. essors Scott Mier, Associate, Aviation 1010 Equity market financing IPOs Underwriting process Sources of equity Key considerations in secondary issuance common stock vs. preferred stock Convertibe bonds Scott Mier, Associate, Aviation 1040 Networking coffee break 1100 Debt capita markets financing Credit instruments and faciities EETCs Securitization ABS Isamic finance Scott Mier, Associate, Aviation 1140 Deveopment of oca currency and aircraft financing markets Accessibiity of oca currency issuance what does it mean to Asian airines? MTN programmes Is the CNH bond mainy a currency product? Benchmark yied curves and iabiity management Rated vs. unrated issuance Liquidity in the secondary market Institutiona base Samson Lee, Managing Director, Head of Debt Capita Markets, BOC Internationa 1210 ECA financing what has changed? ECA financing structures Effect of the new ASU on aircraft ending Fee structures and pricing trends Deveopments in ECA debt capita market products Appying Cape Town discounts in ECA financing Richard Evans, Director and EMEA, Head of Transportation Export Finance, Citigroup 1250 Lunch 1410 Deveopments in goba debt capita markets Investment grade vs. high yied RegS vs. 144A Credit and rating issues Liquidity and market makers Institutiona investors Recent EETC transactions Thomas Bieme, MD, Goba Structured Soutions, Citigroup Matthew Simonetti, Goba Structured Soutions, Citigroup 1500 Asset and iabiity management for airines - FX rates and fue hedging What is asset and iabiity management? What are the major risks for airines? Setting up a risk management framework Hedging instruments Adam Gimour, Managing Director, Head of Asia Pacific, Derivatives Saes & Structuring, Citi 1530 Networking coffee break 1550 Key considerations in financing an od aircraft What is the definition of vintage aircraft? Why finance an od aircraft? How to maximise the asset and return Residua vaue risk of used aircraft Aircraft seection Bi Cumberidge, Executive Director, KV Aviation 1630 Basic aircraft finance structures and documentation Types of debt covenants Requirements of information discosure Protection of covenants Operating ease, finance ease and tax ease Pau Ng, Goba Head of Aviation, Stephenson Harwood 1710 Lease portfoio saes and dispositions documentary issues How ease portfoios are transferred Due diigence invoved Documentation required Issues arising for airines, banks and essors Pau Ng, Goba Head of Aviation, Stephenson Harwood 1750 Cose of day one foowed by cocktai reception Euromoney Seminars Euromoney Seminars reserves the right to ater the venue and/or speakers. Euromoney Seminars is a division of Euromoney Institutiona Investor (Jersey) Limited

3 Leasing Schoo Asia Pacific 4 th 6 th Novem Day 2: Tuesday 5 th November Registration and morning coffee 0850 Introduction by course eader: Why easing instead of buying? Peter Huijbers, Regiona Head of Commercia, Asia Pacific & Latin America, Hong Kong Aviation Capita 0900 Fundamentas of the easing industry Industry dynamics - what has changed? Aircraft easing competitive andscape How to manage the cyce Strategic impications of the current market conditions Peter Huijbers, Regiona Head of Commercia, Asia Pacific & Latin America, Hong Kong Aviation Capita 0940 Operating patforms for essors Dea process Contros and approvas Technica specifications Negotiation and management skis IT systems and feet management Lease management Nick Hardge, Head of Transaction Management, Hong Kong Aviation Capita 1020 Credit risk management for essors Asset risk Credit risk Structura risk Jurisdictiona risk and repossession considerations Technica, maintenance and record issues Insurance Pau Dwyer, Head of Risk, Hong Kong Aviation Capita 1100 Networking coffee break 1120 Technica asset management of a feet Key considerations in estabishing safety standards in different jurisdictions Key chaenges for managing a mega feet MRO what is good maintenance panning and what is not? How to manage a diversified poo of maintenance reserves and costs Technica considerations in a ease agreement The importance of technica records for engineering Oisin Murray, Head of Technica, Hong Kong Aviation Capita 1200 Aircraft portfoio management Criteria for aircraft seection Key considerations in financing - od vs. new Managing the aircraft ife cyce Removing residua vaue risk in the existing feet Repossession and remarking Lease vs. se vs. part-out vs. convert how to decide? Russe Hubbard, Regiona Head of Commercia, EMEA & North America, Hong Kong Aviation Capita 1240 Lunch 1400 How do essors finance their feet? Why there is a constant source of funding for goba essors How to diversify funding cost does size matter? Lessor s credit vs. aircraft which one is more important to enders for assessing the risks How to utiize your capita structure to minimize funding costs Asset and iabiity management in financing the feet Rick Macker, Head of Capita Markets, Hong Kong Aviation Capita 1440 Fundamentas of aircraft vauations Suppy and demand for aircraft Mythoogies for vauations Factors affecting aircraft vaues Interpretation of market information Secondary markets Dr. Stuart Hatcher, Head of Vauations and Risk, IBA 1525 Networking coffee break 1540 Seecting the right aircraft types for your business modes Evoving airine business modes Deveopments of LCCs modes in Asia How do airines business modes affect the seection of aircraft? Lessor business modes and addressing airine requirements Assessing the impact of technoogy and production rate on aircraft vaues How do airines, enders and essors forecast and manager the RVs? Purchasing agreements things to ook out for Andrew Cowen, Deputy CEO, Hong Kong Express 1620 Understanding the engine as an asset cass Components of a engine Spare parts management Vaue propositions for engines how do essors assess the residua vaue of engines? Effect of PMA and DER - OEM counter-activity Effect of new types of engines on the residua vaue of existing engines Jon Sharp, President & CEO, ELFC 1705 Engine easing and engine cyces How does engine financing fit aongside aircraft financing? The added importance of maintenance, repair and overhau (MRO) for engines Managing the engine through its ifecyce to maximise returns Repossessing an engine and the Cape Town Convention Jon Sharp, President & CEO, ELFC 1750 Cose of day two Breakdown of ast year s attendees: Lessor 38% Airine 36% Financier 11% Lega and Consutancy firm 7% Investor 3% Manufacturer 2% Other 3%

mber 2013, Conrad, Hong Kong Day 3:Wednesday 6th November 2013 0830 Registration and morning coffee 0900 Introduction by course eader 0910 Effect of Base III on commercia ending Framework of Base III

asset cass What is EETC? Why do airines and essors issue EETCs?

4 mber 2013, Conrad, Hong Kong Day 3:Wednesday 6th November Registration and morning coffee 0900 Introduction by course eader 0910 Effect of Base III on commercia ending Framework of Base III Capita requirements Liquidity in commercia ending Impementation of Base III Impact on aviation ending Nicoas Parrot, Head of Aviation Finance Group Asia Pacific, BNP Paribas 0950 EETCs as a standaone asset cass What is EETC? Why do airines and essors issue EETCs? Issues on rating Jurisdiction risk - Cape Town and Chapter 11 Securities package Latest deveopments in EETCs John Wikoff, Head of Transportation Finance, Godman Sachs 1030 Networking coffee break 1100 Aternative sources of iquidity JOLs and JOLCOs Overview of Japanese easing industry Characteristic of Japanese essors JOLs and JOLCOs how do they differ from each other? Equity syndication and investor base JOLCOs - exercising the ca option for purchasing aircraft Residua vaue guarantee for aircraft 1500 Taxation for aircraft easing What is the internationa tax regime for easing? Latest deveopments in tax treaties Taxation in cross-border easing Taxation in buying and seing of aircraft Tax reief in different jurisdictions John Timpany, Partner, KPMG China 1540 Networking coffee break 1550 SPVs: The use of SPVs in aircraft finance and easing transactions What is an SPV? Why use an SPV? Where to incorporate the SPV? How to structure a dea using an SPV? Mark Western, Partner, Mapes and Cader 1630 Dispute resoutions What is a dispute? Documenting dispute resoution procedures Choice of governing aw Resoving disputes Enforcing securities Cape town treaties and repossession Matthew Bisey, Partner, Aen & Overy 1710 Course summary and cose of schoo Jin Matsushita, Department Head, Corporate Finance Soutions Department, IB products Group, Mizuho Securities 1140 Asset backed ender s perspectives on credit risk and asset risk Asset risks vs. credit risks LCCs vs. egacy carriers Risk exposures of essors how do they differ from ABS enders? How do ABS enders manage their risks? Key considerations to ending in the current environment Vicente Aava Pons, Managing Director, Aviation Finance, DVB Group Merchant Bank (Asia) 1220 The key components of easing documentation Lega and reguatory backdrop Reguatory risks and responsibiities Key components of a commercia aircraft ease Categories and structures of aircraft easing documents Lega considerations in structuring What can go wrong in documentation? Pau Jebey, Head of Aviation, Asia and Africa, Cyde & Co 1300 Lunch Foowing the Schoo, the 14th Annua Asia Pacific Airfinance Conference wi be hed on 7th & 8th November, aso at the Conrad Hong Kong. Asia Pacific Airfinance Conference 7th & 8th November Conrad, Hong Kong INCLUDING SEPARATELY BOOKABLE DAY 6th November 2013 Aircraft Trading Day 2013 Lead sponsor 1420 Lease accounting under IFRS Lease cassification under accounting standards Accounting treatments for eases Updates on new accounting standards and depreciation mythoogies Consoidation of subsidiaries and SPVs Caron Hughes, Partner, KPMG China A 60 N 0 A EX TT PEC EN TE DE D ES 14th Annua God sponsors Siver sponsors Bronze sponsors Eco sponsor For further information, pease emai ashey.i@euromoneyasia.com

4 th 6 th November 2013, Conrad, Hong Kong 2013 Aviation Finance and Operating Leasing Schoo Asia Pacific Airfinance Events 2013 Aviation Finance and Operating Leasing Schoo Asia Pacific wi once

5 4 th 6 th November 2013, Conrad, Hong Kong 2013 Aviation Finance and Operating Leasing Schoo Asia Pacific Airfinance Events 2013 Aviation Finance and Operating Leasing Schoo Asia Pacific wi once again bring together a first cass facuty of senior aviation finance professionas from a sectors of the market. Across the three-day training course, attendees wi receive indepth knowedge and thorough briefings on a aspects of aircraft finance and easing market, from understanding different finance and ease structures to tax impications and ega risk management. The three-day schoo wi cover: Comprehensive views on aircraft financing instruments EETC, oca currency and ECA backed debt capita market transactions. Aircraft easing and asset management Engine vauation and easing Taxation for aircraft easing and ease accounting under IFRS Lega considerations in aircraft financing and easing FX rates and fue hedging Who shoud attend the Schoo: Airine representatives Aircraft Manufacturers Consutants Lessors Financiers Lawyers Since 2000, over 600 aircraft finance professionas have been trained at this Schoo, many of whom are now eading their own teams around the word. Companies who have sent representatives to the Schoo in the past incude: Administrative Commission of Tianjin Dongjiang Free Trade Port Zone Aeronautics Fund Air Asia-X Air Astana Air China Airbus Asiana Airines Aviation Capita Group AWAS Bank Isam Brunei Darussaam Bank of America N.A BOC Aviation Bombardier Aerospace BOT Lease Co,. Ltd Canada Pension Pan Investment Board CALC Century Tokyo Leasing Corporation China Airines Chinatrust Commercia Bank China Construction Bank China Deveopment Bank China Merchants Bank Credit Industrie et Commercia Deveopment Bank of Japan DVB Bank Embraer Emirates Airines Garuda Indonesia GECAS Goden Myanmar Airways Guggenheim Aviation Partners Hong Kong Aviation Capita HSH Nordbank IAE IBJ Leasing Co., Ltd ILFC IRKUT Corporation Jade Cargo Internationa Co. Ltd. Japan Bank for Internationa Cooperation Jeju Air Kasikorn Factory and Equipment Co. Ltd. Kasik Kornbank Pubic Company Limited KBZ Bank Kenya Airways King & Wood Maesons KPMG Myanmar Airways Internationa Makarim & Taira S. NordLB PermataBank PK Airfinance Prokhas SDN BHD PT Askomindo Dinamika PT Sriwijaya Air Reed Smith LLP Regent Airways Singapore Airines Singapore Economic Deveopment Board Skywest Airines Somon Air SriLanka Airines Standard Chartered Bank SuperJet Internationa The Tokyo Star Bank Vietnam Aircraft Leasing Company Turkish Airines WestLB AG White & Case

6 2013 Aviation Finance and Operating Leasing Schoo Asia Pacific 4 th 6 th November 2013, Conrad, Hong Kong Registration Standard Schoo fee PACKAGE 14 th Annua Asia Pacific Airfinance Conference and Schoo Pease quote EAE 260 on a correspondance Tota US$ US$4,999 US$6,698 5 Easy Ways To Register Onine: Emai: registrations@euromoneyasia.com (HK) / (UK) Teephone: (HK) / (UK) Post: Ashey Li Euromoney Seminars Euromoney Institutiona Investor (Jersey) Limited 27/F, 248 Queen s Road East Wanchai, Hong Kong Deegates Deegate 1 (pease print) Tite (Mr/Mrs/Miss/Dr/Other): First name: Last name: Company: Address: Deegate 2 Tite (Mr/Mrs/Miss/Dr/Other): First name: Last name: Company: Address: Deegate 3 Tite (Mr/Mrs/Miss/Dr/Other): First name: Last name: Company: Address: Postcode: Postcode: Country: Country: Te: Te: Emai: Emai: The information you have provided wi be safeguarded by Euromoney Seminars who wi use it to keep you informed of reevant Seminars in the future. Pease tick how you woud prefer to receive future information Mai Fax Emai and fax back this form to +44 (0) We may wish to make your detais avaiabe to sponsors of this particuar event, or to other reputabe organisations who may wish to contact you. Pease tick this box if you woud prefer Postcode: Country: Te: Emai: your detais to remain confidentia and fax back this form to +44 (0) Euromoney Seminars is part of the Euromoney Institutiona Investor PLC Group, who may aso use your data to keep you informed of reevant products and services both domesticay and internationay. If you object to being contacted by teephone fax or emai in respect of this, pease tick the reevant box and fax back this form to +44 (0) Payment Payment can be made in one of four easy ways pease tick the appropriate box. Credit card To make a payment by credit card, pease ca HK / UK+44 (0) or visit to book and pay onine. Cheques shoud be made payabe to Euromoney Seminars. A receipted invoice wi be sent to a deegates. Payment by Bank Transfer Bank transfer quoting EAE 260 Beneficiary: Euromoney Seminars Account No: (HKD), (USD), (GBP) Swift Code: HSBCHKHHHKH HSBC Limited, HSBC Main Buiding, No. 1 Queen s Road, Centra, Hong Kong Invoice me (Option not avaiabe after 18th October Instead pease visit to book and pay onine.) Pease compete and return this form together with a copy of your bank transfer or cheque, payabe in US$ to Euromoney Seminars, and send by post or fax to: Euromoney Seminars, Euromoney Institutiona Investor (Jersey) Limited, 27/F, 248 Queen s Road East, Wanchai, Hong Kong Te: HK , HK Emai: registrations@euromoneyasia.com Pease note that in competing this booking form you undertake to adhere to the canceation and payment terms isted beow. Signature: Approving Manager: Date: Administrative Information and Terms & Conditions Venue Conrad Hong Kong Pacific Pace 88 Queensway Hong Kong Te: Canceation poicy If you cannot attend you must cance your registration in writing by 18th October 2013 to receive a refund ess a 10% administration charge. We cannot accept verba canceations. Canceations received after 18th October 2013 are iabe for the fu conference fee. We suggest you send a substitute to attend in your pace at no extra charge. For immediate information on this and reated events, pease ca our hotines: Teephone: (HK) or (UK) +44 (0) or aternativey emai: hotine@euromoneypc.com Trave & Accommodation Euromoney Seminars has negotiated a specia group rate at The Conrad Hong Kong for conference attendees. Fu detais wi be provided with the joining instructions sent on receipt of booking. If you have any questions in this regard, pease contact Ada Kwong, Logistics Manager on (HK) or emai ada.kwong@euromoneyasia.com. Registration fee The registration fee incudes participation in the conference, unch and documentation materia, which wi be distributed at the beginning of the event. The registration fee does not incude any withhoding tax. A bookings are considered binding on receipt of the booking form. For further information on sponsorship or exhibition opportunities pease contact Graham Sherwood, Te: (UK) , Emai: gsherwood@euromoneypc.com For speaking opportunities pease contact Fan Yeung, Te: (HK) , Emai: fan.yeung@euromoneyasia.com

ONTARIO S WATER CONFERENCE & TRADE SHOW. May 1 4, 2016 WINDSOR, ONTARIO HOSTED BY:

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