2018 is a promising year for the aviation industry in Japan – traffic is expected to soar to a record high, and a series of policy initiatives including airport privatization are set to expand the infrastructure capacity for the upcoming Tokyo Olympics in 2020. In the finance and investment market, the robust commercial liquidity in syndication and the increasing participation of regional banks have helped to stimulate the debt and equity side of JOL and JOLCO transactions. More Japanese lessors and investors are tapping into operating leasing through JVs to diversify their business portfolio. Yet challenges remain: negative interest rates continue to squeeze debt margins. Innovative structures need to be created to make JOLCOs more accessible to airlines. High asset prices and low lease rates persist.
Conference topics include:
- What do international carriers’ financing mixes look like in 2018?
- Bringing Japanese regional banks into the global business?
- Japanese leasing companies teaming up with overseas lessors
- How to cope with the growing volume and demand of JOLCO transactions
- Appetite and challenges for JOL transactions
Don’t miss ICF Principal Angus Mackay on the Appraiser’s Perspective: Residual Value Outlook panel. The session will include discussions of residual value trends for narrowbodies, NEOs and MAXs value forecast, and the best used aircraft to invest in.