Wilhelm Steinmark
Wilhelm Steinmark
Speaker
Head of Aviation, Europe

Deutsche Bank

Germany

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Main Stage

Structured for Success: Could E-Notes and New Structures Shape the Next Phase of Aviation ABS?

Greg Chianetta
Managing Director,
Kroll
Kevin MacLeod
Head of New York Capital Markets Group,
Vedder
Wilhelm Steinmark
Head of Aviation, Europe,
Deutsche Bank
Moderator
Robert Cassidy
Senior manager,
PAFS Ireland Ltd
  • If e-notes make a comeback, how could investors manage the downside of taking equity-style risk with limited control over underlying assets? 
  • How is the emergence of the Master Trust structure making the ABS market more appealing to investors?
  • As more aircraft are being securitised and taken out of the trading pool, how is this reshaping asset availability? 
  • Have factors such as geopolitical uncertainty and tariffs slowed ABS issuance, and do you see the pipeline picking up if conditions continue to stabilise? 
Forums

The Aviation ABS Playbook: How a Deal Comes Together

Cian Coakley
Chief Revenue Officer,
Orix
John Kelly
VP - Structured Credit,
Marathon Asset Management
Mick Moroney
Partner,
EY
Wilhelm Steinmark
Head of Aviation, Europe,
Deutsche Bank
Moderator
Niamh Tobin
Partner,
EY
  • What makes an ABS attractive for the various parties; first time issuers versus repeat issuers, asset managers versus platform lessors
  • What Makes a Portfolio suitable for an ABS transaction; Portfolio Construction – WB/NB split, airline credit, aircraft LOIs
  • What are the options when structuring the deal? – asset versus SPV, capital stack etc, E-note structured to sell
  • What is involved in the rating process and what do banks need from the issuer?
  • How does the rating process work?