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AIRCRAFT LEASING UNDER THE BRITOMAS SIDLAUSKAS, CEO, AVIAAM FINANCIAL LEASING CHINA
COMMERCIALAIRCRAFTLEASINGANDTRADING
2 Source:Boeing
• $ 746 BILLION turnover of whole aviation industry• 36.000 AIRCRAFT will be added to the global fleet during next 20 years• 5% YEARLY GROWTH of air travel is currently foreseeable future• ASIA & PACIFIC is the main growth region with 14.000 aircraft demand
SHAREOFFLEET DELIVERYUNITS2014-2034YEARNEWAIRCRAFT
DEMANDFORECAST
AVIATIONMARKETTOGETDOUBLEIN15YEARS
ABOUTUS
Establishmentofjointventurein2016betweenHenanCivilAviationInvestmentandDevelopmentCO,LTDandAviaAM Leasing,AB
PortfoliofocusonAirbus and Boeingfamilyaircraft
Specializesinnewnarrow-bodyaircraftleasing,tradingandmanagement,lookingforopportunitiesinusedaircraft
Current registeredcapitalofUSD130.5Million
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OWNERSANDMANAGEMENTBOARD
SHAREHOLDERSTRUCTURE
TADASGOBERISChairmanoftheBoardatJointVenture
XIALIUDeputyChairmanatJointVentureChairmanatAviaAM Leasing
TOMASSIDLAUSKASCEOatJointVentureBoardMemberatAviaAMLeasing
WENJIEYANGDeputyCEOandBoardMemberatJointVenture
28.72% 29.90% 29.89% 11.49%
HenanCivilAviation&DevelopmentCo.,LTD(CN)
ABAviaAMLeasing(EU)
HenanCivilAviationIndustryFundManagementCo.,LTD(CN)
PingAnSecuritiesCo.,LTD(CN)
IRAIDAZOGAITEChiefLegalCounselandBoardMemberatJointVenture
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SUCCESSFULLAIRCRAFTDELIVERIESTOAEROFLOT:2017.09 – 5xAirbusA320and3xAirbusA3212018.04 – 5xAirbusA3202018.05 – firstwidebodyBoeingB777
FURTHERBUSINESSDEVELOPMENT:2018.07– attractedstrategicinvestorPingAnBank,
whichprovidedequityinvestmentof300MillionRMB2018.09 – deliveryofBoeing737aircrafttoChineseLessee– OkayAirways,
exploringoperatingleasewithinChina2018.12 – Scheduleddeliveryof2nd Boeing737aircrafttoOkayAirways
FIRSTSTEPSOFBUSINESS:2016.01 – MOUforjoint-venturesignedbyHNCAandAviaAMLeasing
witnessedbyHenanViceGovernorMr.Jiancai Zhao2016.15 – HNCAandAviaAM LeasingsignedtheJoint-venturecontract.2016.06 – HenanViceGovernorMr.Jiancai ZhaoofficialvisittoLithuania2016.12 – OpeningceremonyofsigningLOIwithAeroflotforSLBTransactions
MILESTONESANDACHIEVEMENTS
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CURRENTFLEET
3xAirbusA321-211
Currentfleetvalue:$825Million
1xBoeing737-800
1xBoeing777-300ER
10xAirbusA320-214
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NETWORK:CLIENTSANDPARTNERS
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COMMERCIALAIRCRAFTLEASINGANDTRADING
STRATEGICPARTNERSIPACROSSBELTANDROAD
• Aviationinfrastructureexistsin10countries
• Clientsin68countries
• Involvedmore than60%ofworldpopulation
• 60%ofworldsGRP
• 35%ofworldtrade
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OPPORTUNITIESINTHEMARKET
MostoftheInitiative‘scountriesarenotfinanciallyinterestingtotheWesternworld
Challengesinfindingfinancingduetothelowcreditrating
CISsovereigns,RussiaandUkrainecarrypositiveoutlooks
Highrisksleadtoexpensivefinancingoptions
• ChinaisworkinghardtoestablishthemselvesintheMarkets,investingalotoffinancetoaviationindustry
• BusinesseshasstrongbackingfromGovernment,allowingstateandprivatefirmstoinvest
• Mostofbusinessventuresarebasedonpoliticalwill,butnoteconomicfactors,thusGovernmenthasagreatcontrol
• Economyisinconstantgrowthforpast10years• Nofinancialcrisisinthemarketforatleast10years
• MostofTheBeltandRoadInitiative’scountriesaregrowing
• Russiahasagreatscope,hasmorethanonebigairline,thus– greatneedforfleetexpansion
• RussiahasagreatimpactonthewholeeconomyofCIS
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INVESTMENTCOVENANTSANDTRANSACTIONSAviaAM China intends to raise capital to be utilized for acquisition and lease of aircraft.
ITEM DESCRIPTIONTargetaircrafttypes Narrow-body andWide-BodyYears ofmanufacture 2013– to brandnewTargetregion EastAsia,Middle East,Asia-Pacific, EuropeLessees Profitableorstateownedairlineswithafleetofnolessthan15aircraftTargetleaseterm 60-144monthsinaverageLeaseratefactor Notlessthan0,8Aircraftresidualvalue Preservedthrough strictredeliveryconditionsandmaintenancemonitoringMaintenanceevents Nomajor eventsin5yearsorpre-agreedtermswhichwillcovershortfallsMaintenanceproviders Approved inadvanceMonitoring Aircrafttechnicalconditionmonitoring, annual airlinefinancialaudits
Use of Proceeds
AIRLINECOUNTRY AIRCRAFTTYPE NUMER OFAIRCRAFT
YEAROFMANUFACTORY
LEASEPERIODINYEARS
LEASERATEFACTOR
AZERBAIJAN B737,B747 10 2017-2019 12 0,8– 0,95QATAR B777 1 2012 6 0,82VIETNAM A321 5 2017 12 0,81VARIOUS AIRLINES A321 13 2007-2012 6-8 0,8– 0,9
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UPCOMINGPROJECTS
PILOTTRAININGSIMULATORLEASINGINCHINA:Thejoint-venturepilottrainingprojectbetweenBAATrainingandHNCA
• Building pilot and crew personnel training facility• Equipment of 6 Full Flight Simulators by 2021• To provide up to 29.994 flight hours training
RAILWAGONLEASINGTOEUROPE:Thejoint-venturewagonleasingprojectAviaSolutionsGroupandHNCA
• Investment into 10,000 units wagons• Financed by China Policy Banks• For operations in Europe and CIS
CARGOAIRCRAFTLEASINGINCHINA:SupportedbytheHNCAprojectonjoint-venturecargoairline
• Acquiring 3 cargo aircraft by 2020• Operations from Zhengzhou Airport• Suitable for worldwide operations
LOGISTICS AND GROUND HANDLING SERVICE HUB• Fueling• Catering• De-icing
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Long-termasset-backedloans(upto80%ofunderlyingassetvalue)repayablethroughouttheleaseterm.
AviaAM Leasing China offers to build a long-term partnership in the fields of aviation financingand aircraft asset management. Combining AviaAM Leasing market expertise together with HNCAknow-how with finance industry, joining financial investor could create a unique mutually-beneficial value.
COOPERATIONPOTENCIAL
FinancingAircraftLeasing
WEARESEEKING
WEAREOFFERING
FinancingofaircrafttradesEquityFinancingShorttomedium-termbridgeloanstofinancetheacquisitionofaircrafttargetedforsubsequentre-sale.
Medium-termfinancierstofinancetheacquisitionofaircraftordailycashflowsupplementthroughpreferredsharesscheme
Sustainablebusinessmodelwithasset-backedinvestmentMatchingtherentalincomewiththeongoinginvestorscashflow
Accesstothemarket Assetmanagement PersonalsupervisionFullportfolioofassetmanagementservices–leasestructuring,contractmanagement,maintenancesupervision,re-marketingetc.
• Positionatboardofdirectors• Aircraftsale“upside“• Pledgeoffreecash-flow
Equityinvestorsinlongtermleasesforproposedaircraftportfolios.
Strategicinvestors
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AviaAMFinancialLeasingChinaNo.8BusinessOuteringRdZhenghzhou,HenanChina
[email protected].+37069831877
www.aviaam.cn.com
THANKYOU,FORYOURKINDATTENTION!
