Review the schedule for the Business Aircraft Finance, Registration & Legal Conference.

Sunday, March 17, 2019

5:30 p.m. – 7:30 p.m. Registration & Opening Reception

Monday, March 18, 2019

8:00 a.m. – 5:00 p.m. Registration
8:00 a.m. – 8:45 a.m. Breakfast
9:00 a.m. – 9:30 a.m. Welcome & Opening Comments
Presented by: Eileen Gleimer, Crowell & Moring LLP; Frank Polk, McAfee & Taft; Ford von Weise, Citi Private Bank
9:30 a.m. – 10:30 a.m. In-Depth Global Market Update
Presented by: Ford von Weise, Citi Private Bank, Moderator; Paul Cardarelli, JetNet; Don Dwyer, Guardian Jet; Rollie Vincent, Rolland Vincent & Associates
The business aviation marketplace has changed dramatically in the past year. Inventories of quality, late model aircraft are lower and OEMs have launched exciting new models. Where, globally, is the action and what are the driving forces behind the changes we may see in the coming months? With the latest survey data on market sentiment and perspectives on the pre-owned aircraft market from a leading broker, this session will offer unique insights into current and future market conditions. What are the panelists’ predictions?
10:30 a.m. – 11:00 a.m. Morning Break
11:00 a.m. – 11:45 a.m. FINCEN Rule 104
Presented by: Andres Fernandez, Holland & Knight
New regulations governing the disclosure of beneficial interests in corporate/partnership entities go into effect this year.

  • What are the regulations?
  • Why the regulations?
  • What are the impacts for lenders, attorneys and other aviation professionals?
  • Do these regulations impact escrow agents? If not are there any indirect impacts?
  • Are there any best practices to comply?
  • How do these regulations differ from other KYC or Patriot regulations?
11:45 a.m. – 12:30 p.m. Asset-Backed Securities
Presented by: Ford von Weise, Citi Private Bank, Moderator; Vivek Kaushal, Global Jet Capital
Business aviation transactions have historically been financed through simple traditional bank debt. Commercial aviation, however, years ago added asset securitization to its arsenal of capital raising strategies, usually raising capital for operating lessors who provide additional credit and asset support. Business aviation has not normally employed this approach until recently in two transactions. This panel will explore the issues surrounding asset securitization as it relates to business aviation:

  • Why asset securitization?
  • What is asset securitization?
  • What roles does it have in business aviation?
  • How difficult is it to accomplish?
  • Will it become more popular?
  • What are the implications for business aviation
  • Is it a viable strategy for funding for banks or other financial intuitions?
  • Wat are the attributes that comprise a successful securitization?
12:30 p.m. – 1:45 p.m. Lunch
1:45 p.m. – 2:15 p.m. Supersonic Opportunities and Challenges
Presented by: Ted Ellett, Hogan Lovells
Since the early days of testing the effects of supersonic booms (in 1964 Oklahoma City), engineers knew the public would need faster air transportation to more quickly connect the world. OEMs are developing quieter, more environmentally sustainable supersonic business jets for modern transportation needs. This session will explore the market, who these market entrants are, and what legislative and regulatory hurdles they must overcome for supersonic business jets to take off.
12:30 p.m. – 1:45 p.m. Lunch
1:45 p.m. – 2:15 p.m. Supersonic Opportunities and Challenges
Presented by: Ted Ellett, Hogan Lovells
Since the early days of testing the effects of supersonic booms (in 1964 Oklahoma City), engineers knew the public would need faster air transportation to more quickly connect the world. OEMs are developing quieter, more environmentally sustainable supersonic business jets for modern transportation needs. This session will explore the market, who these market entrants are, and what legislative and regulatory hurdles they must overcome for supersonic business jets to take off.
2:15 p.m. – 3:15 p.m. FAA Registry Update
Presented by: Maria Gonzalez, McAfee & Taft; Jack Gilchrist, DeBee Gilchrist; A.L. Haizlip, Federal Aviation Administration, Aeronautic Center Counsel; Matthew Hampton, Department of Transportation, Office of the Inspector General
Congress has asked the Office of the Inspector General of the Department of Transportation (“OIG”) to audit the FAA Registry and issue a report including recommendations for changes and improvements. The report is scheduled to be released before the conference and will be discussed in detail among the panel. Will the OIG report recommend significant changes to the aircraft registration process? If so, how will they impact the industry and the registration process? Independent of the OIG, the FAA Registry has been conducting a modernization process, which will also be discussed. Recent and ongoing aircraft registration issues will also be addressed.

  • Presentation and discussion of the OIG Report and Recommendations
    • Response of the Aeronautical Center Counsel’s Office
    • Potential impact on the industry
  • Summary of FAA Registry Modernization project
  • Discussion of recent FAA Registry and aircraft registration issues
3:15 p.m. – 3:45 p.m. Afternoon Break
3:45 p.m. – 4:30 p.m. Practices & Pitfalls of Non-Citizen Trusts for Aircraft Registrations
Presented by: Frank Polk, McAfee & Taft; Jon Croasmun, Bank of Utah; A.L. Haizlip, Federal Aviation Administration, Aeronautic Center Counsel; Jeff Towers, TVPX
In 2013 the FAA issued its Policy Clarification for the Registration of Aircraft to U.S. Citizen Trustees with regard to the use of non-citizen trusts (NCTs) for aircraft registration. The use of NCTs has been under regular review and scrutiny since that time. Newspaper articles gave rise to additional inquiry and encouraged two members of Congress to request an examination of NCTs. Congress asked the OIG and the GAO to review the requirements and rules relating to aircraft registration, including the use of trusts and NCTs. What NCT issues are being studied? Are there current practices that should be re-examine or regulated to a higher degree? Did the Policy Clarification address these concerns or was the Policy Clarification not enough? Are NCTs being used to hide criminal ownership, and if so, how can we correct the system?
4:30 p.m. – 5:15 p.m. Personal Use and Shareholder Concerns
Presented by: Eileen Gleimer, Crowell & Moring LLP; Alan Goldstein, CPA
Personal use of company aircraft and/or company use of personal aircraft raise a host of FAA, IRS and, for publicly traded companies, SEC issues. But compliance with these rules is not the end of the inquiry. Shareholders may challenge the arrangements or the personal use. Using the Nordstrom derivative case as an example, this session will address issues that may be raised by shareholders of publicly traded companies and minority shareholders of privately-owned companies and will offer thoughts on how to avoid, mitigate or address these issues.
5:30 p.m. – 6:30 p.m. Evening Reception
7:00 p.m. – 9:00 p.m. Optional Attendee Dinner
Attendees are encouraged to continue their networking over dinner at the Courtside Steakhouse. The dinner is an additional registration fee will be provided in the months preceding the event.

Tuesday, March 19, 2019

8:00 a.m. – 3:15 p.m. Registration
8:00 a.m. – 8:45 a.m. Breakfast
9:00 a.m. – 9:15 a.m. Day 2 Welcome & Opening Comments
Presented by: Eileen Gleimer, Crowell & Moring LLP; Frank Polk, McAfee & Taft; Ford von Weise, Citi Private Bank
9:15 a.m. – 10:15 a.m. Tax Issues Arising in Aircraft Transactions
Presented by: Glenn Hediger, Aviation Financial Consulting, LLC; Ellen Urell, Head of Aviation Services, Geller & Company; Keith Swirsky, GKG Law
This session will explore practical application of tax issues that arise in the acquisition and disposition of business aircraft (e.g., addressing sales tax issues in a purchase agreement). The panelists also will address the Tax Cuts and Jobs Act of 2017: what impact, if any, has this had on deals and how have changes to rules influenced decisions?
10:15 a.m. – 10:45 a.m. Morning Break
10:45 a.m. – 11:30 a.m. Insurance
Presented by: Eileen Gleimer, Crowell & Moring LLP, Moderator; Christa Hinkley, LeClairRyan; Scott Carter, USAIG; Ellyn Slow, Ellyn Slow Consulting
All the planning in the world can never eliminate all risks. That’s why there is insurance. Having the proper type and amount of insurance is critical. But so is an understanding of the claims process. Using case studies and hypotheticals, this session will examine insurance coverage in context to provide a better understanding of what is covered and under which/who’s policy the coverage is found as well as identifying risks that are not or may not be covered.
11:30 a.m. – 12:15 p.m. Insurance
Presented by: Managing Disaster – Rational Responses to Foreign Accidents and Criminal Charges. A Case Study.
Robert Torricella, Torricella Law, PLLC

Using the experiences and lessons learned from the GOL Transportes – ExcelAire midair collision (Brazil, 2006), the presentation will cover topics including:

  • Accident history and immediate post-accident events
  • Seizure and arrest of crew; in-country detention
  • Seizure of crew passports and documents
  • Civil and criminal investigations
  • Addressing the political situation
  • Media and public relations response
  • Security, family and corporate considerations
12:15 p.m. – 1:30 p.m. Lunch
1:30 p.m. – 2:30 p.m. Avoiding Enforcement by Operating Lawfully
Presented by: Paul Lange, Law Offices of Paul A. Lange; Elizabeth Vasseur-Browne, Cooling & Herbers
Illegal charter is an area of intense scrutiny both for industry and FAA. Other areas of enforcement also are on the rise; sometimes because of unscrupulous operators (blatant disregard for regulations) and sometimes because of ignorance (e.g., improperly structured timesharing agreements; misunderstanding of pilot qualifications). This session, focusing on FAA and DOT regulations and interpretations, will explore recent enforcement actions and areas of risk exposure for 91 and 135 operators as well as air charter brokers and how advisors can help ensure compliance, keeping their clients out of the regulators’ crosshairs.
2:30 p.m. – 3:00 p.m. Afternoon Break
3:00 p.m. – 4:00 p.m. Blockchain and Cryptocurrency in Business Aviation
Presented by: Rob Cowan, Aviereto
Blockchain is a powerful technology based on a simple idea – a common data file (or ledger) for transaction history that cannot be changed or altered. This has potential significant applications for business aviation, ranging from payment systems to secure data storage (e.g., maintenance and pilot records). Learn about the benefits and opportunities blockchain offers through case studies of companies already applying this capability in business aviation. The presenters also will highlight cryptocurrencies, such as Bitcoin, and their role, if any, in our global industry.
4:00 p.m. Closing Comments

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