Corporate Jet Investor London 2015 Live Blog: Day Two
Corporate Jet Investor London 2015 concludes today, but we’re back for Helicopter Investor London 2015 on Wednesday and Thursday.
Today, we’ll hear from some of the top business aviation lawyers and financiers.
18.00 Here are the rest of the very worthy winners at the Corporate Jet Investor Awards 2015:
Best Private Bank for Business Jet Finance and Advisory EMEA 2015: Credit Suisse
Best Business Jet Financier EMEA 2015: CIT Business Aircraft Finance
Most Innovative Financier EMEA 2015: AirFinance
Best Business Jet Financier Western Europe 2015: Bank of America Merrill Lynch
Best Business Jet Financier Western Europe 2015: BNP Paribas
Best Business Jet Financier CEE and CIS 2015: UBS
Best Business Jet Financier Africa 2015: Investec
Best Business Jet Financier Middle East 2015: Deutsche Bank
New Financier EMEA 2015: Bank of London & The Middle East
Highly Commended EMEA 2015: Element Capital
Highly Commended EMEA 2015: Société Générale Equipment Finance
Aircraft of the Year: Embraer Legacy 500
17.25 The winner of Corporate Jet Investor’s aircraft of the year award is the Embraer Legacy 500.
17.15 There are currently two teams on stage playing a Corporate Jet Investor version of Family Fortunes.
16.55 Tony Kioussis, president of Asset Insight, says: “Maintenance is your biggest wild card- especially if you’re financing a used aircraft.”
16.50 Outside of the conference, Jetnet has just released data for business jet transactions in 2014:
16.40 Jorge Colindres Marinakis, chairman and CEO of The Registry of Aruba, says he gives every client his private number and encourages them to call him anytime they want. “My wife sometimes complains that the phone rings too much, but welcome to aviation.”
16.25 Some very interesting insights from Aoife O’Sullivan this afternoon:
— Emerald Media (@EmeraldMedia) February 10, 2015
15.20 After listening to Stephen Friedrich from Rolls-Royce, 93% of deletes say low utilisation aircraft have lower maintenance risk and costs associated with it (a slight increase from beforehand).
15.15 Throughout the week, IBA is distributing a comprehensive three-pager on aircraft values. Here’s a snapshot of the super mid-size/heavy jet segment:
15.00 68% of delegates say low utlisation aircraft have higher residual values.
12.55 More from Brockwell: “We all fly in excess of 50% of our flights empty.”
12.45 “Every year we’re one year closer to unmanned flights,” says Phil Brockwell from Bristol Flying Centre Group. Clearly not a fan of pilots then…
11.00 Outside of the conference, one of our delegates Vertis Aviation has completed its first round-the-world trip on a Boeing Business Jet. Interestingly, Vertis says around 80% of its business comes from leisure flights.
10.40 78% of delegates say the business jet market’s bifurcation has not yet stablised.
10.15 Healey: “We used to ride horses, now you have to fly. We’re not doing this to be fancy, we’re doing this because that’s what you need to do today. I’m not that rich, believe me.”
10.00 AIC Title Service’s Clay Healey has just made a rousing speech.”Everyone in this room has a passion for general aviation, if you don’t you’re wasting your time, find something else to do.”
His American over-exberance was perhaps a little too much for Holman Fenwick Willan solicitor (and panel moderator) Jonathan Russel who simply replied “hallelujah.”
09.45 Last night, Corporate Jet Investor held its historic pub crawl in Kensington. One of the biggest revelations of the night was a certain US business jet lawyer expressing that ‘The Wire’ was a better television series than ‘The Sopranos,’ which is still making me feel uneasy.
09.00 Today’s proceedings are opened by CIT’s Mike Kahmann, followed hot on the heels by Investec’s Melanie Humpreys and Clyde & Co’s Mark Bisset, his session was cut short yesterday due to a fire alarm.