FEBRUARY 7, 2023 HYATT REGENCY DALLAS TX, USA #ELTFUSA February 8-9, 2023 Co-located with www.aeroenginesusa.com EVENT GUIDE Partner Sponsors Official Publication
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Lee Ann Shay
Executive Editor, Business Aviation & MRO
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2 | www.aeroenginesusa.com
of our business, visit: aviationweek.com/productsservices
Dear Colleague,
On behalf of the Aviation Week Network team, I’m very pleased to welcome you to Engine Leasing, Trading & Finance Americas 2023. Following the successful launch of this event last year in Miami, we’re pleased to be bringing the conference to Dallas and to continue the colocation with Aero-Engines Americas. Going into 2023, we face global economic headwinds, reaffirming some of the long-standing challenges to the engine leasing market, as well as presenting new ones. At this event, we’ve gathered a line-up of expert speakers to share their thoughts on the current industry landscape, and to assess how it may evolve through the next 12 months. All with the aim to better support the industry’s ability to plan the leasing, trading, financing, and maintenance of engines. We’re pleased to offer you access to these expert perspectives as well as extensive networking opportunities.
We encourage all attendees to engage with discussions, to ask questions and to take part in live polling. Across the event, we will be using the Slido platform, which can be accessed by visiting www.slido.com on any device and entering the code #ELTFUSA. You can also join by scanning the QR codes placed around the conference room.
Please also take the opportunity to fully utilize the Brella platform. This is where you can see the event attendee list and set up meetings to reconnect with friends and peers, as well as to build new connections. Don’t forget to respond to your pending meeting requests!
We would like to thank our partner sponsors for their generous support of this event. Thank you to Aero Capital Solutions, Engine Lease Finance Corporation and Magellan Aviation Group. Your backing helps us all gather here to network, collaborate, and share knowledge.
Thank you to our speakers for your support this week, for offering your time to provide thought leadership and expertise.
Finally, thank you to all our attendees for joining us here in Dallas, we’re excited to have you with us.
Tom Broughton Conference Producer Aviation Week Network
General Information
Mobile/Cell Phones
Please ensure all mobile/cell phones are turned off or put onto silent when in the conference area.
Photography & Filming
Please be aware that photos will be taken by the press, the organisers and delegates in attendance. Please note that by attending, you consent to your voice and likeness being used without compensation in programmes, films, tapes and print for exploitation in any and all media,
whether now known or hereafter devised. Furthermore, MRO Exhibitions Ltd, its successors, assigns and licenses are relieved from any liability, on account of such usage.
Security
The hotel has general security in place, however please note that personal possessions are left in the conference area at your own risk.
#ELTFUSA | 3 WELCOME
CONNECT WITH ME +44 (0) 7919 534218 tom.broughton@aviationweek.co.uk @AvWeekTom
Tuesday, February 7, 2023
8:00am Registration
8:00am Breakfast Networking Time
9:20am
Opening Remarks
Tom Broughton, Conference Producer, Aviation Week Network
9:30am
Macro-Economic Forecast
A detailed look at the economic direction of the Americas, considering key factors driving the engines market including GDP, air traffic demand, inflation, currency, oil prices and interest rates. Tied into an assessment of airline financials and performances, asset performance and valuation trends as we enter 2023.
John Mowry, Managing Director, Alton Aviation Consultancy
10:00am
OPENING PANEL: Market Trends & Opportunities
Following on immediately from the forecast session and the assessment of key economic drivers, what is the analysis from the panel on the day-to-day impact to the engine leasing market? How are these factors keeping specific aircraft and engines in the air for longer and bringing some out of retirement? Furthermore, what are views on the Chinese market, both in terms of traffic recovery and as a geopolitical influence?
Moderator: Ginger Hughes, Managing Director & Partner, Seabury Securities
Karin Burns, Head of Marketing, Commercial Engines & Services, GE Aerospace
George Ferguson, Senior Analyst Aerospace/Defense & Airlines, Bloomberg Intelligence
Thomas Frey, Senior Director, Fleet & Fuel, Sun Country Airlines
John White, VP Commercial Finance, AerFin
10:45am Morning Coffee & Networking Break
11:30am
PRESENTATION SESSION: Views on PMA
Ken Barone, Director, Fleet Asset Management, Southwest Airlines
11:55am
PANEL DISCUSSION: Engine Fleet Planning
A look into the factors behind engine fleet management. Get access to the decision-making process behind purchasing, leasing and lease type. This discussion will tie these factors into the outlook for narrowbody and widebody fleets, as well as key considerations around sustainability. Furthermore, the panel will consider how spare engine strategies are shifting
Moderator: Ivan Graydon, CTO, SES Ltd.
William Abbott, Senior Director Powerplant Programs, Southwest Airlines
Danilo Colombo, VP Technical, SGI Aviation Shakira Ramos, Associate Director, Product Marketing, Pratt & Whitney
12:40pm Networking Lunch
4 | www.aeroenginesusa.com AGENDA
2:00pm
PANEL DISCUSSION: Supply Chain Mitigations for Lessor Offerings & Expectations
Global supply chain challenges and increased turn-aroundtimes are impacting all parts of the market. How are engine lessors working with partners to maintain flexibly and restore availability of assets? What are the changes to business models, and market offerings that have arisen in the wake of the pandemic, and what is here to stay?
Moderator: Raman Ram, Partner - Americas A&D Leader, Ernst & Young
Wasim Akhtar, Director of Engines, AJW Group
Stratton Borchers, President, TrueAero
Chris Nye, Director Of Business Development, Americas, GA Telesis
Alun Roberts, Head of Engine Leasing Business, FTAI Aviation
2:50pm
PANEL
DISCUSSION: Appraisers View
How do appraisers see the changing market? What are the key factors influencing asset valuations? This panel will look at these questions in the context of a changeable leasing and inflationary environment.
Moderator: Bryson Monteleone, Senior Advisor, Aviation Finance Advisory Services, PwC
Rikard de Jounge, VP, Asset Valuation, AVITAS
Stuart Rubin, VP & Managing Director, ICF
Sam Sherratt, AVP, Investment Analytics, Willis Lease Finance Corporation
3:30pm Afternoon Coffee & Networking Break
4:15pm
Financer Executive Interview
Lee Ann Shay, Executive Editor, Business Aviation & MRO, Aviation Week Network
Al Wood, CEO, Aquila Air Capital
4:45pm
PANEL DISCUSSION: Views on eVTOL & New Propulsion
As the reality of commercially operating advanced air mobility vehicles draws closer, how are these assets viewed? Where and when do stakeholders see the ROI? What will lease agreements look like for vehicles and powerplants, how will this differ from existing contracts?
Moderator: Lee Ann Shay, Executive Editor, Business Aviation & MRO, Aviation Week Network
Sergio Cecutta, Founder & Partner, SMG Consulting
Edward Espiritu, Senior Manager, United Airlines Ventures and Corporate Development, United Airlines
Ken Newton, SCM Engine & Lease Management Director, Alaska Airlines
5:25pm
Closing Remarks
Tom Broughton, Conference Producer, Aviation Week Network
5:30pm Close of Conference
6:00pm - 8:00pm
Welcome Reception
#ELTFUSA | 5 AGENDA
#ELTFUSA | 7 SPEAKERS
William Abbott Senior Director Powerplant Programs Southwest Airlines
Wasim Akhtar Director of Engines AJW Group
Ken Barone Director, Fleet Asset Management Southwest Airlines
Stratton Borchers President TrueAero
Ivan Graydon CTO SES Ltd
Ginger Hughes Managing Director & Partner Seabury Securities
Bryson Monteleone Senior Advisor, Aviation Finance Advisory Service PwC
John Mowry Managing Director Alton Aviation Consultancy
Rikard de Jounge VP Asset Valuation AVITAS
Edward Espiritu Senior Manager, United Airlines Ventures and Corporate Development, United Airlines
George Ferguson Senior Analyst Aerospace/ Defense & Airlines Bloomberg Intelligence
Thomas Frey Senior Director, Fleet & Fuel Sun Country Airlines
Karin Burns Head of Marketing, Commercial Engines & Services GE Aerospace
Sergio Cecutta Founder & Partner SMG Consulting
Danilo Colombo VP Technical SGI Aviation
Dave Davis President & CFO Sun Country AIrlines
8 | www.aeroenginesusa.com SPEAKERS
Ken Newton SCM Engine & Lease Management Director Alaska Airlines
Chris Nye Director of Business Development, Americas GA Telesis
Raman Ram Partner - Americas Aerospace & Defense Leader Ernst & Young
Shakira Ramos Associate Director Product Marketing Pratt & Whitney
Alun Roberts Head of Engine Leasing Business FTAI Aviation
Stuart Rubin VP & Managing Director ICF
Al Wood CEO Aquila Air Capital
Lee Ann Shay Executive Editor, Business Aviation & MRO Aviation Week Network
Sam Sherratt AVP Investment Analytics Willis Lease Finance Corporation
AERO E NGINES 360° • Aero-Engines Events • Editorial Content • Engine Yearbook • Market Intelligence & Data Your one-stop shop for worldclass aero engine solutions FIND OUT MORE
John White VP Commercial Finance AerFin
Aero Capital Solutions
Aero Capital Solutions (ACS) is a leading mid-life lessor that maintains one of the largest dedicated engine portfolios in the industry.
Overall, ACS has built a portfolio of over 200 aircraft and engines, with lease customers in 20+ countries. Since 2020, ACS has executed nearly 300 unique aircraft and engine transactions.
Our engine team works with over 50 operators and lessors around the world, providing a comprehensive suite of flexible lease solutions crafted to meet to each partner’s unique needs, ultimately focused on one objective: minimizing engine operating and maintenance cost.
We specialize in V2500, CFM56-5B and -7B engines and our offerings range from AOG singleengine leases to programmatic engine leasing.
We are available to support all your leasing and operational needs.
For more information on the engine leasing solutions that ACS offers, please visit aerocapitalsolutions.com
#ELTFUSA | 9 PARTNER SPONSOR Tori Cerda Manager - Marketing & Events +1 737 717 0600 info@aerocapitalsolutions.com www.aerocapitalsolutions.com
elfc
elfc is the world’s leading engine financing and leasing company, specialising in the provision of flexible, short to long-term engine support packages for the commercial aviation industry.
elfc is a group company of Mitsubishi HC Capital Inc. based in Tokyo. This ownership structure provides elfc with the financing power and stability to satisfy the long-term financing needs of airlines, operators, OEMs, and MROs and to meet the commercial challenges presented by today’s dynamic world markets.
elfc’s portfolio includes engine types from CFM, IAE, GE Aviation, Pratt & Whitney, and Rolls-Royce and after over 30 successive years of profit and growth, the company now owns and/or manages over 350 engines worth approx. $2.7bn.
A majority shareholding in INAV LLC, the Chicagobased parts company known as Inventory Navigators, provides elfc with even greater flexibility for end-of-life solutions and in managing the engine portfolio from acquisition through to disassembly and part-out.
With a current customer base of more than 80 airlines, operators, OEM, and MRO organisations worldwide elfc has served more than 250 customers since inception and offers a comprehensive range of individually tailored leasing-based products and services including:
• Sale & Lease Back
• Short, Medium & Long- Term Leasing
• Short Term Engine SV Cover
• AOG Engine Support
• Portfolio Acquisitions & Dispositions
• Engine & Portfolio Management Services
In addition to its Shannon headquarters, elfc has Sales & Marketing representatives based in Boston, London, Beijing, Singapore, Hong Kong, Dublin, Madrid, and Sao Paulo.
Please visit www.elfc.com to learn more.
justin.phelan@elfc.com
www.elfc.com
10 | www.aeroenginesusa.com PARTNER SPONSOR
Justin Phelan VP Marketing
+353 61 363555
Whether you are in need of a short or long-term lease, our professional team is experienced in developing innovative, flexible options to meet your long-term goals. magellangroup.net
Magellan Aviation Group
As a leading global supplier, Magellan Aviation Group has a trusted and proven track record in the aviation aftermarket. Our comprehensive experience includes ownership and management of airframe, engine, and spare part portfolios.
We provide integrated support services including USM sales & support, engine & APU sales & leasing, as well as inventory management & consignment programs. Our offices are strategically located to support our global Airline, Lessor, and MRO customers with timely and economical solutions.
Magellan Aviation Group provides a full range of custom-tailored engine leasing solutions to meet your fleet requirements. Whether you are in need of a short or long-term lease, our professional team is experienced in developing innovative, flexible options to optimize your fleet management expenses and long-term goals.
Anthony Spaulding Executive Vice President
engines@magellangroup.net
www.magellangroup.net
12 | www.aeroenginesusa.com PARTNER SPONSOR
+1 704 504 9204
Shannon / Boston / London / Singapore C o n t a c t : + 3 5 3 6 1 3 6 3 5 5 5 w w w . e l f c . c o m S a l e & L e a s e B a c k S h o r t , M e d i u m & L o n g - T e r m L e a s i n g S h o r t T e r m E n g i n e S V C o v e r A O G E n g i n e S u p p o r t P o r t f o l i o A c q u i s i t i o n s & D i s p o s i t i o n s E n g i n e & P o r t f o l i o M a n a g e m e n t S e r v i c e s O u r c r e a t i v e a n d a d a p t i v e i d e a s a r e l i m i t l e s s Going Further Together i s t h e w o r l d ’ s l e a d i n g e n g i n e f i n a n c i n g a n d elfc leasing company. We specialise in providing innovative and flexible solutions that offer our customers the most cost-effective support focused on delivering long- term partnerships. Available Engines info@elfc.com Click here for
Predictive Intelligence to Drive Results
Make informed, strategic decisions with a 10-year outlook of the world’s fleets and MRO demand with Aviation Week Intelligence Network’s Commercial Fleet & MRO Forecast. Tailor your business strategies and anticipate upcoming market developments with this unique and valuable solution.
Engine Fleet Entries - By Manufacturer
34K
Narrowbody aircraft new build engine deliveries
50K + Engine Fleet Entries 2023-2032
Minimize risk and maximize revenue
For more information, visit aviationweek.com/forecasts
or call Melissa Crum at +1 (913) 284-2951
melissa.crum@aviationweek.com
View analysis covering engine deliveries and MRO demand within the 10-year forecast, including details by aircraft families, engine models and manufacturer, along with overhauls events, LLP events and MRO dollar demand forecasts.
CFM International 52% Pratt & Whitney 23% General Electric 11% Rolls-Royce 7% Pratt & Whitney Canada 4% Others 1% International Aero Engines 2%
Using the Brella App
Brella is a platform designed to enhance networking at events through its matchmaking algorithm. Easy to use via both desktop and mobile device, registered delegates can browse the attendees, sponsors and exhibitors prior to attending to get the most out of their time at the event.
Step 1
Log in/create an account
Access via mobile device – Go to the Apple App Store or Google Play Store and search for ‘Brella’. Download the Brella app and use join code AEUSA23 to activate your profile on the app.
Access via desktop – Go to next.brella.io/ join/AEUSA23 to access the app via desktop.
If you have used Brella before, you can login using your existing email address that you used to create your Brella account. If this is your first time using Brella, you need to create an account either using your social media login credentials or you can manually input an email address and password.
Step 3
Explore the app
Step 2
Build your profile
Once you’ve created an account and logged in, click ‘Start Networking’ and go through the steps to build your profile. You will be prompted to choose the industry and type of product/ service you are looking for and choose the geographical regions you are interested in.
Based on the information you give, Brella will ‘match’ you with other attendees that suit your requirements the most. The more information you provide, the more helpful the app will be in choosing the right attendees.
Once completed, your profile is set up and you are ready to start networking and request meetings!
Chatting and requesting meetings – if you find an attendee you would like to connect with, click ‘Chat/Suggest meeting’, then you can start a chat with and/or select a time to have a meeting. The other person can choose whether to accept or politely decline your meeting. If it is accepted, you can discuss a meeting place within the conference venue.
Conference agenda – The ‘Schedule’ section combines the conference agenda with any meetings you have confirmed. Click on each session to view more information. You can also use filters to only show the conference sessions, or just your meetings with other attendees.
Speakers – Click on the ‘Speakers’ tab to view the list. You can click on each one to see which session they are speaking on and at what time.
Sponsors and showcase exhibitors – In the ‘Sponsors/Exhibitors’ section, you can see a list of sponsors and showcase exhibitors taking part in the event. If you click on each company, you can view their website and find out more about them prior to meeting them!
Slido – You can also access Slido, our live Q&A and Polling platform, via the Brella app! Just go to the ‘More’ tab and click on the Slido link.
If you have any questions about the app, don’t hesitate to ask the Aviation Week Network staff onsite
We have a dedicated area in the Pegasus Ballroom for meetings to take place
Sponsored by
Attendees by Industry
Attendees by Job Function
16 | www.aeroenginesusa.com WHO WILL YOU C ONNECT WITH? Sales 23% Executive Management (Owner, Founder, Chairman, CEO, President) 19% Business Development 13% Engineering & Maintenance 12% Purchasing/Procurement 9% Leasing 6% Other 3% Supply Chain 3% Finance 2% Fleet Planning 2% Marketing 2% Broker/Dealer 1% Ground Operations 1% Legal 1% Logistics 1% Product Development 1% Quality Assurance/Safety 1%
MRO (maintenance, repair, overhaul) 24% Parts Distributor/Supplier 16% Airline Operator 15% Lessor 14% Components/Rotables 6% OEM/Manufacturer 6% Consulting Services 5% Supply Chain 3% Other 2% Finance/Bank 2% IT Systems/Software 2% Logistics/Freight Forwarding 2% Government/Military 1% Legal 1% Test Equipment/Calibration 1%
The Annual Publication for the Aero-Engine Professional
The Engine Yearbook is the reference book of choice for airlines, engine OEMs and engine aftermarket companies. All aspects of engine development, overhaul, leasing, and specialist repairs is examined by our expert team of journalists and analysts.
What’s inside the 2023 Engine Yearbook:
● Global engine MRO demand 2023-2032
● Airline engine strategies after Covid
● Global engine deliveries 2023-2027
● Future narrowbody engine options
● Advances in nacelle construction
● Breaking down the lease market
● Geared turbofan update
● Engine and APU overhaul directory
● Specialist engine repairs directory
Plus! A comprehensive directory listings of the world’s leading engine/APU overhaul shops and specialist engine repair companies.
Order your copy of the 2023 Engine Yearbook today!
Visit us at aviationweek.com/MROENGYB23 or scan the QR code to order your copy.
Acknowledgements
Aviation Week thanks all of our sponsors and partners for supporting this event. Your participation means more to us than ever and we look forward to growing the future of this event together.
Partner Sponsors
18 | www.aeroenginesusa.com
Pens Official Publication
Badges & Registration Lanyards Notebooks
Aero-Engines Event Series Spring 2024 Hong Kong mroasia.aviationweek.com/aero-engines 7-8 June 2023 Park Plaza Victoria, London, UK engineleasingandfinance-europe.com 28 February - 1 March 2024 JW Marriott Turnberry, Miami, FL, USA Co-located with aeroenginesusa.com ALL AMERICAS/CANADA Beth Eddy beth@aviationexhibits.com +1.561.279.4646 Mimi Smith mimismith@aviationexhibits.com +1.561.279.4646 Alyssa Bernkrant abernkrant@aviationexhibits.com +1.561.279.4646 REST OF THE WORLD Clive Richardson clive@accessgroup.aero +44 (0) 7501 185257 Alison Weller alison@accessgroup.aero +44 (0) 7501 185255 Defne Alpay defne@accessgroup.aero +44 (0) 7712 829859 • Market leading events dedicated to the aero engine industry • Senior engine delegates from airlines, OEMs, MROs, lessors and suppliers • Global footprint, with regional programmes for the Americas, Europe & Asia-Pacific Learn more at www.events.aviationweek.com To sponsor or exhibit, please contact your account representative: 13-14 September 2023 NH Collection Madrid Eurobuilding, Madrid aeroengineconference.com
To sponsor or exhibit at any of our events, please contact your account representative:
ALL AMERICAS / CANADA
Beth Eddy Director, Exhibit Sales +1 (561) 279 4646 beth@aviationexhibits.com
Mimi Smith Manager, Exhibit Sales +1 (561) 279 4646 mimismith@aviationexhibits.com
Alyssa Bernkrant Manager, Exhibit Sales +1 (561) 279 4646 abernkrant@aviationexhibits.com
REST OF THE WORLD
Mike Elmes Managing Director, Aerospace Media +44 (0) 1206 321639 mike.elmes@aerospacemedia.co.uk
Matt Elmes Sales Executive +44 (0) 1206 321639 matthew.elmes@aerospacemedia.co.uk
Clive Richardson Director, Exhibit Sales +44 (0) 7501 185257 clive@accessgroup.aero
Defne Alpay Manager, Exhibit Sales +44 (0) 7712 829859 defne@accessgroup.aero
20 | www.aeroenginesusa.com
Upcoming 2023 Events
n MRO Latin America
February 22-23 • Buenos Aires, Argentina
n MRO Middle East
March 1-2 • Dubai, UAE
n A&D Raw Materials & Manufacturing
April 17-18 • Atlanta, GA, USA
n MRO Americas
April 18-20 • Atlanta, GA, USA
Co-located with
n Military Aviation Logistics & Maintenance Symposium (MALMS)
April 19-20
n MRO Australasia
May 17-18 • Brisbane, Australia
n Engine Leasing, Trading & Finance Europe
June 7-8 • London, UK
n MRO BEER Baltics & Eastern European Region
June 14-15 • Warsaw, Poland
n Aero-Engines Europe
September 13-14 • Madrid, Spain
n A&D SupplyChain Europe
September 20-21 • London, UK
n MRO Asia-Pacific
September 26-28 • Singapore
n Digital Transformation Summit
October • Seattle, WA
n MRO Europe
October 17-19 • Amsterdam, The Netherlands
n A&D Programs
November 7-8 • Washington, DC
We look forward to seeing you at an upcoming event! Learn more at events.aviationweek.com