CAPA LCCs in North Asia Summit
Tuesday 25 June 2019
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9:00
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Chairman’s Welcome
CAPA – Centre for Aviation, Chairman Emeritus, Peter Harbison |
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9:05
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Start-Up Studio: An in-depth look at emerging LCCs
Rapid Fire Presentations from some of North Asia’s planned start-up airlines. Hear from some of the most promising new entrants set to take the industry by storm. Session Host: CAPA - Centre for Aviation, Chief Analyst, Brendan Sobie |
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9:45
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Aircraft Developments: Long haul narrowbodies set to drive change in North Asia New generation aircraft offer game-changing economics and range for LCCs. In the narrowbody space, several LCCs are now operating or have on order new generation narrowbody aircraft on long haul routes. The introduction of long haul narrowbodies (A321neoLRs) in Japan in 2020 by carriers such as Peach and Jetstar Japan will drive interesting changes to the region. • What examples of implementation of new aircraft types has been successful for LCCs around the world? Moderator: The Chinese University of Hong Kong, Assistant Professor, Jae Woon (June) Lee |
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10:30
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Coffee Break & Networking |
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11:10
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How to attract LCCs to your airport – the art of collaboration Airports increasing working in a highly collaborative fashion with LCCs to win and retain air services. How are LCCs different to say attracting a full service carrier or a carrier from a key growth market like China or India. • What lessons can be learned from airlines and airports who have succeeded in this? Moderator: ASM, Senior Vice President, Tony Griffins Panel: |
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11:55
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The LCC Air Finance Outlook As with the funding of any business, those providing any type of funding to LCCs will consider the business model/management, the quality of the corporate credit and any underlying assets to be financed. In each of these areas, financiers look at a wide range of factors. In many ways, LCCs are no different from full service airlines in this respect. The LCC business model is now well established throughout the world and low cost operators are among some of the biggest airlines globally. Nevertheless, it is still regarded to some extent as a newer model, and financiers will typically take a more rigorous approach when considering the provision of funds to start-up and younger airlines. Even where the model is not really very new, low cost operators often pursue higher growth rates, and this can also be a source of additional risk. Perhaps because many low cost airlines typically have shorter track records and are less well capitalised, the share of the world LCC fleet that is leased is higher than for the total fleet of all airlines. In particular, LCCs make significant use of sale and leasebacks. • Features need to be considered in funding new and established LCCs? Moderator: Korn Ferry, Senior Client Partner, Torbjorn Karlsson |
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12:40
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Chairman's Closing remarks |
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12:45-13:45
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Lunch and End of Summit |