04 September 2025
Main Stage

🥂 Icebreaker Drinks Reception🥂

📍 Conrad Marina Bay
📅 Wednesday, September 3rd, 2025
🕕 17:00 - 19:00

Join us for an evening of conversation, cocktails, and connections as we kick off our Singapore agenda in style. Set against the stunning backdrop of Marina Bay, the Icebreaker Drinks Reception offers the perfect opportunity to meet with fellow speakers, delegates and clients ahead of main event. 

Whether you're reconnecting with familiar faces or making new introductions, this reception sets the tone for a dynamic and collaborative experience in Singapore.

Dress Code: Business Casual

Main Stage

Opening Remarks - 'Navigating the New Norms' | Host Partner - Standard Chartered

Abhishek Pandey
Global Head of Transportation Finance,
Standard Chartered

Welcome to the inaugural Ishka Aviation Finance Festival: Asia here in Singapore. Throughout the day, we’ll explore the unique opportunities and challenges shaping aviation finance in the region, connecting industry leaders across airlines, lessors, investors, and lenders. A special thank you to our host sponsor, Standard Chartered, for making this event possible. Let’s collaborate to drive the future of aviation finance in Asia.

Main Stage

Leasing Leaders Panel: Pricing, Placement, and Pressure Points

Patrick den Elzen
CEO,
Arena Aviation Capital
Gerry Butler
Chief Commercial Advisor - Asia,
Aergo Capital
Eammon Forbes
Chief Commercial Officer,
Titan Aviation Leasing
John Cunningham
Head of APAC,
Genesis
Moderator
Ji Woon Kim
Shareholder,
Vedder Price

With limited new aircraft availability, rising interest rates, and growing geopolitical and ESG-related scrutiny, the pressure is on to optimise pricing, manage risk, and place assets strategically. This flagship panel brings together senior executives from leading lessors to explore the shifting balance between supply and demand, the cost of capital, and the emerging trends shaping aircraft leasing economics.

  • Quick Fire Hot or Not: Which assets are flying off the shelf and which just cannot get placed? How are delivery delays and lease extensions affecting this?
  • Are lessors adjusting risk models in response to rising airline credit concerns, especially in secondary markets and emerging regions? How are recent geopolitical flare-ups influencing placement decision?
  • What are the best funding options for lessors? Are the US capital markets still dominating? Is trading assets more appealing than debt? How buoyant is the secondary market?
  • What sustainability pressure are lessors feeling from lenders and investors? How are lessors balancing fleet age, emissions compliance, and growing ESG scrutiny—especially with limited access to new tech aircraft?
Ishka Forums

Investing in SAF Forum: Exploring the Commercial Viability of Asia’s Emerging SAF Market

Krishnan Narayanan
Partner,
Skies Fifty
Kelvin Lee
Head of Sustainability, APAC,
IATA
Moderator
Eduardo Mariz
Sustainability Lead,
Ishka

Sustainable Aviation Fuel (SAF) is no longer a future concept—it’s a regulatory imperative and a commercial challenge. While demand signals are growing globally, Asia's SAF market remains in the early stages of development, with limited supply, uncertain economics, and a fragmented policy landscape.

This focused forum brings together airlines, investors, fuel producers, and financiers to evaluate how SAF can scale across the region—and what still stands in the way. From capital formation and feedstock innovation to offtake agreements and policy support, we examine the building blocks of a viable SAF ecosystem in Asia.

Main Stage

Clause and Effect: Are Airlines Gaining Leverage Over Lessors?

Eoin Reddan
Managing Director, East Asia & Oceania,
Avolon
Beatrice Cassou
Director, Commercial (APAC),
Titan Aviation Leasing
Will van Zeventer
SVP Marketing & General Manager Singapore,
Falko

This session explores the evolving relationship between airlines and lessors as air travel rebounds to pre-pandemic levels. While lessors continue to hold significant sway in the market, traditional lease terms are facing renewed scrutiny. The growing adoption of Flight Hour Maintenance Program (FMP) contracts is beginning to reshape asset liquidity and challenge established norms. With the Asia-Pacific region on the cusp of remarkable fleet expansion, the central question becomes: will airlines find new opportunities to negotiate, or do lessors still firmly control the future of fleet planning?

  • "Hell or High Water": Sacred Clause or Outdated Relic? Airlines want flexibility in crisis; lessors defend the clause as essential to financing. Should systemic risk be shared, or are airlines rewriting the rules post-COVID?
  • Carve-Outs: Are lessors are conceding on once-untouchable term to accept carve-outs to win a key airline deal?
  • FMP Contracts: Are FMPs a fleet strategy evolution or a hidden liability?
Main Stage

☕ Morning Networking Break

Recharge with fresh coffee, light refreshments, and valuable conversation. This is your opportunity to connect with industry peers, catch up with clients, and build new relationships with decision-makers across aviation finance, leasing, and airline strategy. Take this time to exchange insights, explore collaboration opportunities, and set the tone for a productive day ahead.

Main Stage

Capital Structures Redefined: Strategic Trends & Outlook for Asia-Pacific Aviation

Dieu Anh Khuat
Capital Structure & Ratings Advisory Lead, ASEAN & South Asia,
Standard Chartered

A concise look at recent trends in aviation capital structures, with insights on funding strategies, ratings, and market resilience in ASEAN & South Asia.

Ishka Forums

Risk, Regulation & Repossession: Best Practice for Leasing in APAC

Heloise Di Menza
Vice President Risk Management,
Shannon Engine Support
Richard Williams
Partner,
Watson Farley & Williams

In an increasingly complex regulatory and geopolitical environment, lessors operating in the Asia-Pacific region must be prepared for distressed scenarios, including repossession and enforcement actions. This session brings together legal and leasing experts to explore best practices in managing risk, navigating regulatory frameworks, and executing repossessions effectively across diverse APAC jurisdictions. Drawing on recent case law and enforcement trends, our panel will provide practical insights into how lessors can protect their assets and respond decisively in challenging situations.

1. Risk Management in APAC Leasing

  • Identifying high-risk jurisdictions and lessee profiles -  beyond the typical risk metrics, what intangible factors should be examined in a lessee?
  • Structuring leases to mitigate enforcement and repossession challenges
  • Role of insurance and guarantees in distressed scenarios

2. Legal Frameworks and Enforcement Realities

  • Overview of key APAC jurisdictions: Singapore, India, Indonesia, Philippines, China
  • Recent legal developments, including:
    • India’s 2025 Aircraft Objects Bill supporting Cape Town Convention
    • DIFC Court rulings enabling interim relief for grounding aircraft in Dubai
  • Practical enforcement challenges: court delays, political interference, asset concealment

3. Repossession Best Practices

  • Pre-default monitoring and early warning signs
  • Legal steps and documentation required for repossession
  • Coordination with local counsel, regulators, and airport authorities
  • Case studies of successful and failed repossessions

4. Lessons from Recent Cases

  • Analysis of 2024–2025 case law trends
  • What lessors can learn from recent disputes and enforcement actions
  • How to future-proof lease agreements in light of evolving jurisprudence
Main Stage

Investor Perspective: Where Is the Smart Capital Deploying?

Chris Turner
Managing Director, Head of Capital Markets,
Bellinger Asset Management
Kheng Sin Chu
Regional Head, Transportation Finance,
Standard Chartered
Moderator
Hui Ling Teo
Team Lead: Corporate and Financial Practice,
Bethel Chambers

As volatility persists in interest rates, airline credit, and asset pricing, investors are recalibrating what constitutes a "smart" aviation deployment. While traditional leasing platforms remain attractive, capital is also flowing into emerging strategies—from part-outs to SAF infrastructure to engine leasing platforms and secondary market funds. This session brings together leading institutional and aviation-focused investors to discuss how capital is moving, where risk tolerance stands, and which parts of the aviation value chain are likely to outperform.

  • What does at’s the appetite for investing into mid-life or distressed assets versus newer, lower-risk placements? How are investors pricing geopolitical, credit, and interest rate risks?
  • Is there a growing investor appetite for hard assets? How is that appetite executed?  
  • What is appealing to investors beyond traditional aviation finance deals? MRO? Parts?
  • Capital raising: what makes for a successful fundraising for smaller, independent platforms? 
Main Stage

Airline Financing in Flux: Access, Innovation & Expectations

Yasantha Dissanayake
Chief Financial Officer,
SriLankan Airlines
Rohit Tomar
Director Finance & Supply Chain Operations,
VietJet Air
Moderator
Vicente Alava Pons
Managing Director,
GOAL Leasing

As airlines face rising financing costs, evolving ESG pressures, and varied access to global capital pools, the question is no longer just how to finance, but where and with whom. In this session, financiers and airline treasurers unpack the latest shifts in capital access across the JOLCO market, structured debt, export credit, and regional vehicles—from French Tax Leases to ANPI-backed deals. With sustainable finance still a strategic priority for some, the panel will also examine the real-world viability of green structures amid a higher-rate environment.

  • How are airlines balancing traditional bank debt, lessor support, and capital markets access in today’s environment? Are new entrants or alternative lenders playing a larger role?
  • In a tightening cycle, what do airlines need most from financiers?
  • How active are Asian capital markets in supporting aviation? Are ANPI-backed structures, French Tax Leases, or hybrid public–private platforms gaining traction?
  • Which types of airlines are successfully accessing the JOLCO and structured financing markets today—and who’s left out
  • Are ESG-linked products, SLBs, or SAF-tied facilities still viable in a world of elevated base rates? What does a credible “sustainable” aviation finance product now require?
Ishka Forums

🇮🇳 The India Forum 🇮🇳

Vasuki Prasad
Senior Marketing Director | Commercial Aviation,
Embraer
Pallavi Raje
Executive Director, Transportation Finance,
Standard Chartered

Strategic Roundtable | Open to All Delegates

India is now one of the fastest-growing aviation markets in the world—fuelled by surging domestic demand, record aircraft orders, and a renewed push for infrastructure investment. But with growth comes complexity. From lease structuring and regulatory reforms to local financing and OEM delivery timelines, India’s aviation ecosystem is entering a pivotal phase.

The India Forum convenes key stakeholders—airlines, lessors, financiers, legal experts, and OEMs—for a focused discussion on the risks, opportunities, and partnerships shaping this high-growth market.

Presentation: Intro – overview, market size, 5 year outlook, role of local and international finance, government support/position  

Discussion: Closing the financing gap – what is required, who has the appetite? 

Presentation: Legal update –  CTC latest, Government tax strategies, new beginnings 

Discussion: Finance models and structures – options and matching the right one for you 

Main Stage

Navigating Shifting Lender Strategies in APAC

Jasper Tan
Executive Director, Global Transportation,
OCBC
Amy Chow
Managing Director, Transportation Finance,
Standard Chartered
Kiel Garcia
SVP- Loan Origination APAC,
AV AirFinance
Moderator
Dickon Harris
Editor,
Ishka

How are lender priorities in aviation finance shifting across the globe? As Basel IV prompts European banks to rethink their strategies, are they narrowing their focus or simply changing the way they engage with the sector? Meanwhile, are banks and alternative lenders across APAC poised to fill any gaps and drive new growth, or are they facing their own constraints? This session will explore these questions, compare regional approaches, and consider what the evolving appetite of lenders means for the future of aviation finance.

  • Has Basel IV changed banks' risk appetite in aviation finance? Is this different for European and Asian lenders?
  • Has this changed the borrowers and asset lenders are targetting? Are the same credits still financeable as before? 
  • How are Asian banks trying to grow their business in the sector?
  • Is the competitive dynamic between Asian and European lenders evolving? How will this play out over the next 2-3 years?
Main Stage

🍽️ Networking Lunch

Fuel Your Afternoon – and Your Network

Join fellow delegates for a relaxed networking lunch, where industry insights continue over shared tables. This is your opportunity to connect with key players from across the aviation finance value chain—airlines, lessors, lenders, and investors—in an informal setting.

Enjoy a curated menu and continue the conversation sparked during the morning sessions. Whether renewing relationships or forging new ones, this lunch is designed to nourish both ideas and connections.

Main Stage

Getting Technical: Tackling Key Asset Management Challenges

Stephen McDonnell
Head of Technical Transactions, Asia-Pacific,
Avolon
Andrew Thie
Head of Technical,
Bellinger Aviation
Chris Gruener
Head of Technical,
BOC Aviation

Back by popular demand and modeled after our highly rated Dublin CTO panel, this session brings together top technical executives from leading leasing firms to share their insights on the most pressing asset management challenges in today’s aviation landscape. With a focus on real-world technical operations, the panel will dive into issues such as supply chain constraints, redelivery complexities, and the evolving role of digital tools in managing aircraft assets. This is a must-attend for anyone involved in the technical side of leasing, offering practical insights and candid perspectives from the people who keep the assets flying.

Ishka Forums

Private Investor Forum: Unlocking Aviation Finance in Asia

Vicente Alava Pons
Managing Director,
GOAL Leasing
Hui Ling Teo
Team Lead: Corporate and Financial Practice,
Bethel Chambers
Eddy Pieniazek
Head of Advisory,
Ishka

Join a closed-door session with seasoned aviation investors and industry leaders. Hear how they got comfortable with the asset class, compare risk/return profiles with other alternatives, and discover how aviation can fit into your investment strategy.

Exploring the different elements of aviation as an asset class: 

  • Diversification: Aviation assets move differently to traditional equities, real estate, or infrastructure—offering true portfolio diversification.
  • Yield Potential: With global demand for air travel soaring and fleet renewal accelerating, aviation finance can deliver competitive, stable returns.
  • Hard Assets, Real Value: Aircraft are tangible, globally mobile assets with strong collateral value and established secondary markets.
  • Low Correlation: Aviation investments have historically shown low correlation to mainstream financial markets, providing a hedge in volatile times.
  • Access to Growth: Asia-Pacific is set to lead global fleet expansion, making this region the next frontier for aviation investment

Aviation finance is open for business—be among the first to seize the opportunity.

Main Stage

Keeping the Fleet Flying: MRO Pressures and Practical Solutions

Mahesh Kumar
CEO,
Asia Digital Engineering
Remy Maitam
Managing Director | Asia Pacific,
Revima

As MRO demand surges across Asia-Pacific, lessors, operators, and MROs are grappling with capacity constraints, rising costs, and increasing technical complexity. This session brings together leaders from across the value chain—including airlines, lessors, and MROs—to explore how the industry is adapting. From redelivery bottlenecks and parts shortages to workforce challenges and digital integration, this panel will unpack the operational realities and strategic responses shaping the MRO landscape in the region.

1. Capacity Crunch: Managing the MRO Bottleneck

  • How MROs are scaling to meet post-COVID demand
  • Airline and lessor perspectives on redelivery and maintenance slot availability
  • Coordinating schedules across stakeholders to reduce downtime

2. Supply Chain & Parts Availability

  • Global parts shortages: impact on operators and lessors
  • Joint procurement strategies and inventory pooling
  • Airline views on PMA parts and DER repairs vs. OEM preferences

3. Workforce & Talent Pipeline

  • Addressing the skilled labor shortage across MROs and airline tech ops
  • Training and upskilling initiatives from both MROs and operators
  • Regional disparities in workforce readiness and regulatory alignment

4. Digital Tools & Predictive Maintenance

  • How airlines and MROs are leveraging predictive analytics and digital twins
  • Challenges in data sharing and integration across platforms
  • Lessors’ expectations for digital records and maintenance transparency
Main Stage

Engines at a Crossroads: USM, Part-Out Economics, and Protecting Residual Value

Jeff Lewis
CEO,
Hanwha Aviation
Florian Krauthoff
VP Sales, Asia Pacific,
Beautech
Moderator
Eddy Pieniazek
Head of Advisory,
Ishka

With engine values at historic highs and supply still constrained, the aviation industry is facing a complex balancing act. Airlines, lessors, and traders must navigate a market where teardown economics, USM availability, and MRO capacity are all in flux—while also safeguarding long-term residual values. This panel will explore how stakeholders are adapting their strategies to manage risk, optimize returns, and ensure asset longevity in a volatile environment.

  • What’s a realistic outlook for OEM delivery volumes through 2026?
  • Residual Value Risk: How are current market conditions—elevated pricing, limited green-time engines, and shop visit delays—impacting long-term residual value assumptions?
  • Teardown & Part-Out Strategy: What’s driving demand for teardown assets, and how are buyers modeling future value in a competitive market?
  • USM Market Trends: How are supply constraints and OEM pricing strategies reshaping the economics of used serviceable material?
  • New Tech vs. Old Tech: Are reliability issues with newer engines (e.g., GTF, LEAP) reinforcing the value of legacy platforms? How does this affect long-term fleet planning?
  • MRO Bottlenecks: How are shop visit delays and capacity shortages influencing engine lifecycle decisions and asset monetization timelines?
  • PMA, STCs & Value Impact: What role do alternative parts and modifications play in the value chain—and how are lessors and airlines managing the associated risks?
Main Stage

☕ Afternoon Networking Break

Take a well-earned pause to grab refreshments and reconnect with fellow delegates before the final sessions of the day. This is your chance to follow up on conversations, exchange insights from the morning panels, and make new introductions across the global aviation finance community.

Whether you're finalizing a deal, scouting a partnership, or simply recharging, this break is designed to keep the momentum going—right through to the close of day.

Main Stage

Tariffs, Trade Wars & Growth: Global Economic Forecast

Selena Ling
Chief Economist & Head, Global Markets Research & Strategy,
OCBC

As shifting geopolitical tensions continue to reshape trade flows and capital markets, global aviation is bracing for a new era of economic uncertainty. In this opening address, a leading economist will provide a data-driven outlook on global growth, inflation, interest rates, and the ripple effects of protectionist policies. How will macroeconomic headwinds shape investment appetite, airline profitability, and asset values in the months ahead? This session sets the tone for strategic discussions throughout the day.

Main Stage

Debating the Future of Airline Business Models

Vasuki Prasad
Senior Marketing Director | Commercial Aviation,
Embraer
Vissoth Nam
CEO,
AirAsia Cambodia
  • Are mega-airline groups the way forward? What are the pros and cons?  
  • Do their fundamentals still stand post-Covid? What could happen in the future?  
  • How could the wider market be impacted by large order books not going to the original airline customer?  
Main Stage

🍸 Evening Drinks Reception - Powered by Bellinger AM 🍸

Join us for an evening of relaxed conversation and premium hospitality as we wrap up the day’s discussions with a dedicated networking reception. Set against the backdrop of Singapore’s skyline, this is your chance to continue conversations in a more informal setting—whether you're reconnecting with old colleagues or forging new partnerships.

Enjoy curated drinks, canapés, and the company of senior leaders from across aviation finance, leasing, investment, and airline strategy - all thanks to the generous support of Bellinger AM!