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Aviation Finance Finuas Network

We are pleased to be able to offer a limited number of free places for jobseekers on our network programmes

Please click on the following link to check if you meet Jobseekers eligibility criteria;

 

CLICK HERE TO BOOK NOW

DATES: 23rd & 24th May 2012

TIME: 9am - 5pm

COST: €475

LOCATION: Dublin Custom House Quay, Dublin 1.


Participants’ knowledge of aviation finance will be tested at the start of the course by means of a relatively short multiple choice questionnaire and again at the end of the course.

The anticipated learning outcomes are as follows:

  • Increased understanding of the different types of financing available in the marketplace
  • Increased understanding of the financial considerations associated with acquiring an aircraft by way of purchase or lease.
  • Increased understanding of the forms of legal agreements used in aviation finance
  • Increased understanding of risk management approaches used in loans and leases

Objectives

The objective of this course is to acquaint participants’ with key topics in aviation finance from the perspectives of the various principals; airlines, banks, leasing companies and investors.

Content

Introduction

Sources of Finance

Internal

– Free Cash Flow

External

– Equity

Government

Private

Public

– Debt

Banks

Capital Markets

Government Agencies (including ECAs)

– Leasing

Finance

Operating

Typical Financing Tools Used in Commercial Aviation

-          Unsecured/corporate loans

-          Secured loans

-          PDP finance

-          Operating leases (including sale/leasebacks)

-          Finance leases

-          Tax leases

-          Export credit guarantees

-          Residual value guarantees

-          Securitisation (EETCs and lease portfolios)

Legal Agreements

-          Purchase

-          Loan

-          Lease

-          Variations (hire purchase agreements, conditional sale agreements, instalment sale agreements)

-          Assignment of agreements

Risk Management

-          Mortgages

-          Security

-          Insurance

-          Covenants and Conditions Precedent

-          Representations and Warranties

-          Events of Default

-          Competing Liens

-          Cape Town Convention

-          Maintenance Reserves

-          Delivery/Re-delivery Conditions

-          Sub-Leasing

Trainer

John McMahon has 25 years of experience in commercial aviation and finance.

He is Managing Director of Equavia Limited, an aviation advisory firm. He also serves as Chairman of BNP Paribas Ireland, Chairman of Mindconnex Learning Limited, Director of Airspeed Limited and Adjunct Professor at the University of Limerick’s Kemmy Business School.

John began his aviation career in 1986 as an operations research analyst at Aer Lingus, where he subsequently became responsible for route planning and fleet planning. In 1990, he joined GPA Group, then the world's leading aircraft lessor, with a particular focus on developing the aircraft investment market in Japan. He transferred to GE Capital Aviation Services (GECAS) upon its formation when it assumed management responsibility for GPA's assets. In 1995, he was a founding member of the team that established debis AirFinance (now AerCap) in Amsterdam and, as managing director, was instrumental in growing the company from a start-up into a major global player with 225 aircraft leased to 90 airline customers. In 2003, he joined Lloyds TSB Bank in London as Deputy Managing Director of Structured Asset Finance before later founding AVIMCO, through which he acted as advisor on a number of large-scale aviation-related private equity projects, including Terra Firma Capital Partners’ acquisition of AWAS from Morgan Stanley. In 2006, he cooperated with GECAS to launch Genesis Lease by successfully raising $1.6 billion through an IPO/NYSE listing and a related debt offering. He served as Chairman and Chief Executive Officer until Genesis merged with AerCap Holdings N.V. (NYSE: AER) in 2010 to form the world’s leading independent aircraft leasing company.

He holds a Bachelor of Engineering degree from the National University of Ireland and completed post-graduate diplomas in accounting and finance (Association of Chartered Certified Accountants), management (University of Dublin, Trinity College) and computer modelling & simulation (University of Dublin, Trinity College). He also completed the Advanced Management Program at Harvard Business School and is a Chartered Director of the Institute of Directors.

E-Mail: john.mcmahon@mjmcmahon.com

Phone: 086 8092715

Skillnets

 

 

The Aviation Finance Finuas Network is funded by member companies and the Finuas Network Programme, an initiative of Skillnets Ltd. funded from the National Training Fund through the Department of Education and Skills.

Click here for Finuas Network website www.finuas.ie

Skillnets funded from the National Training Fund through the Department of Education and Skills

The Aviation Finance Finuas Network is funded by member companies and the Finuas Networks Programme, an initiative of Skillnets funded from the National Training Fund through the Department of Education and Skills.

Click here for Finuas Network website www.finuas.ie

 


 

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