Executive Education in Aviation Finance and Leasing | 3 Day Programme Autumn Dates TBC

Executive Education in Aviation Finance and Leasing - 3 Day Programme

DATES:  Postponed - Autumn Dates TBC 

LOCATION:  Dublin

Funded COST: €1195 per participant | To book a place: email maeve@icbe.ie 

Programme Objectives

To acquaint participants with key aspects of aviation finance and leasing. In addition to core lecture modules, participants will ‘learn by doing’ through an aircraft lease negotiation exercise involving airline and aircraft leasing company teams with presentations of the negotiated deals being presented to the respective “company boards” (the trainers).  The anticipated learning outcomes are as follows:

A comprehensive understanding of aviation finance and leasing from commercial, legal, technical, financial and risk management perspectives.

An understanding of the considerations associated with acquiring an aircraft by way of manufacturer order, trade purchase or lease.

Target Audience

Participants in the aviation industry that require a broad understanding of aviation finance and leasing. This may include participants from aircraft leasing companies whose current role is specialised and who wish to put it in a broader business context or participants from other aviation companies (airlines, MROs, other service providers) that interact with aviation finance and leasing companies. Participants from professional services firms (legal, tax, accounting, IT, etc) that interact with aviation finance and leasing companies and who would benefit from a better understanding of the business.

Programme Content

• Aircraft Leasing Industry Introduction
• History and Development
•  Aircraft Selection

-        Airline’s Perspective

-        Lessor’s Perspective

-        Lessor Business Models

• Legal Issues
• Commercial Structure of an Operating Lease
• Risk Assessment
• Lease Pricing
• Lease Negotiation Exercise – introduction
• Aircraft/Engines

-          Life Cycles

-          Production Cycles

• Maintenance Programmes

MRO selection

• Financial Aspects of Maintenance
• Sources of Finance for Lessors
• Aircraft Variations and Modifications
• Technical Regulatory Compliance
• Aircraft Appraisals
• Lease Negotiation Exercise Breakout  *The exercise will involve work outside of the core programme hours of the course.
• Delivery/Re-delivery Conditions
• Physical and Financial Aspects
• Insurance
• Lease Negotiation Exercise – Breakout

Note: The programmes will run subject to minimum numbers

Facilitators:

John McMahon is a non-executive director, aviation consultant and Adjunct Professor at University of Limerick.

He led the initial public offering and New York Stock Exchange listing of Genesis Lease Limited, a global aircraft leasing company, where he served as Chairman and CEO from 2006 until its merger with AerCap in 2010.  Previously, he held senior management positions at Lloyds TSB Bank in the UK and debis AirFinance (now AerCap) in The Netherlands as well as executive roles at GE Capital Aviation Services, GPA Group and Aer Lingus.

His current non-executive directorships include aircraft lessor, Genesis Aircraft Services, aviation analytics company, Aerlytix, as well as several aviation leasing ABS structures/portfolio companies with more than 250 leased aircraft and engines. He served as senior independent director of Wizz Air from 2012 to 2018 and as chairman of BNP Paribas Ireland from 2010 to 2019.

He holds a Bachelor of Engineering degree from the University of Galway, post-graduate diplomas in Accounting and Finance (Association of Chartered Certified Accountants) and Computer Modelling & Simulation (Trinity College Dublin) and a Professional Certificate in Data Science and Big Data Analytics (Massachusetts Institute of Technology).  He completed the Advanced Management Program at Harvard Business School and is a Chartered Director of the Institute of Directors.

Brian Hayden

Brian Hayden is a professional board member with some 50 years of experience in the aviation industry. He led the GECAS technical organization from 1993 until 2008 and was chairman of GECAS Limited as well as GE national executive for the Republic of Ireland for a number of years. Prior to this, he was a senior executive with Guinness Peat Aviation and also spent many years with Aer Lingus. He currently holds board positions with Dublin Aerospace, and several other aviation portfolio companies.  Mr Hayden holds an MBA from University College Dublin, as well as a Diploma in Engineering and an MSc from Trinity College Dublin. He is a Fellow of Engineers Ireland and lectures at the University of Limerick.