Corporate Jet & Helicopter Finance Asia 2012

Alasdair Whyte
By Alasdair Whyte September 17, 2012 20:58
China legal panel

It is amazing how quickly business aviation in Asia is growing.

Any presentation in Asia quickly gets to numbers – like the 1.4 million millionaires in China; the IMF’s forecast of 7.5% GDP growth for emerging Asia and so on.

In the first presentation of the Corporate Jet & Helicopter Finance Asia 2012, Björn Näf, CEO of Metrojet, added some astonishing numbers of his own. If Asia takes delivery of the 1,000 new business jet aircraft that Bombardier forecasts will be delivered by 2021, Näf calculates that the region will need 3,400 new captains, a similar number of flight attendants and 5,100 mechanics. It is a big ask in a region where airlines are also very growing fast.

All of the 100 plus delegates and speakers at the conference are confident that the Asian market will grow but the mood at this year’s conference was more realistic than last year. In all, over 20 financial institutions attended – including leading international ones like Bank of America, Credit Suisse, Guggenheim and SG – as well as all of the region’s leading operators and aircraft managers.

Alireza Ittiedieh, CEO of Freestream Aircraft Bermuda, cautioned that some Chinese buyers are now selling aircraft. “There are now five brand new jets available. I never thought the market would get to this point so quickly,” he said. “Russia took 12 years.”

In a contrasting presentation, Jason Liao, CEO of Asian Business Aviation Group, was far more upbeat, predicting that in 10 years China will be the largest new business jet market by value.

The infrastructure may not be ready but financiers definitely are. Two years ago, no international lenders would consider mainland-registered aircraft. Today, several leading international lenders said they are now comfortable doing this.

Asia is also a big potential market for helicopters and Nigel Leishman, vice president, from Lease Corporation International, a commercial aircraft lessor that has ordered rotary aircraft, outlined their strategy. Sharon Desfor of HeliValue$ called out to other finaciers saying: “We love helicopters and we would love you to finance them.”

Download presentations here (attendees and members only)

Chair’s opening remarks / Opening slides / Conference photo album

Networking at Corporate Jet Investor Asia

Alasdair Whyte
By Alasdair Whyte September 17, 2012 20:58

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