CORPORATE AIRCRAFT TRANSACTIONS

PROGRAM CO-CHAIRS

Eileen M. Gleimer
Partner, Crowell & Moring LLP

David Labrozzi
President, GE Capital — Corporate Aircraft Finance

SPONSORS

MEDIA PARTNER

ACCREDITED BY

Attending this 15th Annual Corporate Aircraft Transactions conference on June 21-22, 2010 provides a maximum of one point toward the CAM Program. In accordance with the approval of the CAM Governing Board, attendees are entitled to one point toward completing the application to take the CAM Exam. Attendees already designated as a CAM, one point is awarded toward recertification. Any questions or comments regarding this level of support should be directed to NBAA and Jay Evans at jevans@nbaa.org or 202-783-9353.

This program has been approved by the Oklahoma Insurance Commissioner for a total of 11 CE hours in the following course categories : Ethics, Legislative Updates and Title

• Those who own or operate corporate jets including:
  
• Individual Owners
• CEOs and CFOs
• In-house Counsel
• Risk Managers
• Flight Department Managers

• Those who finance corporate aircraft acquisitions including:
  
• Leasing Officer
• Commercial Bankers
• Investment Bankers
• Credit Analysts
• Inventory Finance Specialist
• Investment Fund Managers
• Finance Attorneys
• Aviation Brokers

• Those who participate in the corporate acquisition and operating process including:
  
• Charter Services
• Fleet Managers
• Importers and Exporters
• Insurance Companies & Brokers
• Corporate Attorneys
• Government Regulators
• Corporate Jet Manufacturers
• Accounting Firms
• Aviation Attorneys
• Tax Counsel
• M&A Attorneys

Dear Colleague:

It appears that the worst of the most recent market downturn is behind us. But there have been a number of changes in our industry. To explore what is changing as we hope for continued recovery, please join us on June 21 & 22 at the Marriott East Side Hotel in New York City for the 15th Annual CORPORATE AIRCRAFT TRANSACTIONS conference presented by Insight Information.

Now in its 15th year, we are looking forward to the 2010 conference as it details specific strategies for aircraft owners/operators, manufacturers, financiers and insurers in the current market, and tips of what to look for in the future. As you expect from this conference, we have attracted an excellent faculty that includes many of the industry’s most widely recognized and experienced legal professionals, lenders, operators, consultants and advisors. We once again offer an interactive format of panels that provide a substantive focus on many of today’s most critical business aviation matters.

As a special feature, Pete Bunce, President & CEO of the General Aviation Manufacturers Association will give an insightful presentation on “The State of the General Aviation Manufacturers Industry”. As well, representatives from corporate aviation departments will provide practical perspectives on various issues.

In addition, for the first time, we will be including a panel on ethical considerations in business aviation transactions which qualifies for one ethics CLE credit in New York, Pennsylvania and Illinois; and at your request, Insight Information will apply to be accredited in your State.

Over 85 senior aviation executives and advisors attended last year’s event! We are confident that you will find this year’s program and the networking opportunities it will afford to be an excellent investment of your time. We look forward to seeing you in New York in June.

Sincerely,

Eileen M. Gleimer
Partner
Crowell & Moring LLP

David Labrozzi
President
GE Capital — Corporate Aircraft Finance

Monday, June 21, 2010

8:00

Registration and Breakfast

8:30

Welcoming Remarks from Insight Information

8:35

Co-Chairs’ Opening Remarks

Eileen M. Gleimer
Partner
Crowell & Moring LLP

David Labrozzi
President
GE Capital — Corporate Aircraft Finance

8:50

The Recovering Business Jet Market: The View from Wall Street

Sean J. Lancaster
Vice President
Bristol Associates Inc.

David Strauss 
Managing Director
UBS Investment Research

The speakers will review the most recent business cycle, and share thoughts on what today’s market is really like, and what we can we expect in the future. How have buyers and sellers both fueled and reacted to these market forces?

9:30

Aircraft Ownership and Usage in Today’s Environment

Joanne Barbera
Partner
Barbera & Watkins, LLC

 Sean Fitzgibbons
Assistant General Counsel
Walmart

Alan Goldstein
Chief Financial Officer
Citigroup Executive Services

Acquiring and operating aircraft have become increasingly complex. Changes in tax and securities laws and other legal requirements play a significant role in the increased complexity. Balancing the competing requirements of the FAA, the IRS, the SEC and state requirements is, alone, a difficult challenge. Adding a company’s internal policies and its business concerns about liability, confidentiality, security and perception to the balancing act further increase the difficulty level required to attain an intended structure. The speakers will discuss different structures that can be used; the associated regulatory, tax, and internal policy issues they raise; and the degree to which they help address the business concerns.

10:30

Networking Coffee Break

11:00

Bridging the Valuation Gap Between Buyers’ and Sellers’ Expectations: Remedies for Tunnel Vision

Moderator & Legal: Erin M. Van Laanen
Shareholder
McAfee & Taft PC

Joseph Carfagna, Jr.
Executive Vice President — Transactions
Leading Edge Aviation Solutions, LLC

Tracey L. Cheek
Vice President
Aircraft Title Insurance Agency, Inc.

Michael Mikolay
Executive Vice President
Guardian Jet, LLC

Richard E. Thompson
Vice President, Technical Services Group
Aviation Management Systems, Inc.

We often hear about a “Buyer’s” market and a “Seller’s” market, but is there such a thing as a “normal” market? Where are we now? Not all types of aircraft are affected equally by changes in the market. And the current market has a different makeup of sellers and buyers than in recent past. How does this affect values and reasonable value propositions? Can you do the same deal buying an aircraft from a lender? Will brokers inventory aircraft? How can a buyer protect itself from unknown risks such as liens or threatened liens, or protect against liens by an insolvent seller? What does title insurance really cover? Is it a deal maker or breaker? Tips for buying an aircraft out of bankruptcy or from a “troubled” seller.

12:00

Networking Luncheon and Keynote Address

State of the General Aviation Manufacturing Industry

Pete Bunce
President & CEO
General Aviation Manufacturers Association

1:30

Aircraft Inspections: What Information Do You Really Need and How Do You Know You Are Getting It?

Mark Ringel 
Attorney
Crowell & Moring LLP

H. Lee Rohde, III
President
Aviation Management Systems, Inc.

Rudy Tenore 
Managing Director, Asset Sales
Banc of America Leasing — Global Corporate Aircraft Finance

Inspections are of critical importance to a wide variety of parties. Buyers want to maximize the inspection to make sure there are no problems with the aircraft and/or that the seller fixes whatever issues may exist. Sellers want to limit the inspection because something can always be found if an airplane is taken apart. Lessors and lenders want to inspect an aircraft to ensure it is properly maintained and that their asset and its value are not being diminished as well as to protect themselves when bringing an aircraft into inventory for subsequent sale.

• How do you determine what information you really need?
• How do you know if you are getting the answers?
• What type of technical representative do you need and what role does he/she play?
• What is the difference between the role of the inspection facility and your technical representative’s role?
• If there has been damage, how did it occur – during an accident; during the manufacturing process?
• What do you do when you represent a buyer – and discover that the used jet isn’t what it appeared to be?

2:15

Financing Terms in the Reset Market: A Paradigm Shift in Attitudes

Edward K. Gross 
Shareholder
Vedder Price P.C.

David Labrozzi 
President
GE Capital — Corporate Aircraft Finance

Marc Meloche
Senior Director, Structured Finance
Bombardier Aerospace

Mary T. Schwartz
Managing Director, Global Head of Aircraft Finance
Citi Private Bank

• What type of financing is available?
• New terms to expect
• Additional surveillance of aircraft operations by lenders
• Managing customers who demand non- or limited recourse deals?
• Necessity of attitude change
• Practicality of refinancing to capitalize on current lower interest rates
• Flexibility in workouts – how can lenders and borrowers work together in tough times?

3:15

Networking Refreshment Break

Hosted by:

3:40

Protecting the Asset: Insurance Planning for Those Difficult Situations You Hope Will Never Happen

Moderator & Legal: Eileen M. Gleimer
Partner
Crowell & Moring LLP

Insurer: Patrick Brafford 
Managing Director & Practice Leader, General Aviation
Marsh Aviation

Underwriter: William E. Lovett III
Managing Director, Aviation Market Management
Allianz Global Corporate & Specialty

Insurance is there to cover a wide range of losses – some are routine; others are not. No one ever expects to have its aircraft crushed by a hangar – but this past winter that is what happened to numerous aircraft raising a wide range of intertwining insurance issues:

• What happens when an airplane is damaged due to acts of God?
• What if access to the aircraft is denied for safety reasons so the aircraft condition can’t be evaluated?
• When does hangar-keeper’s insurance apply?
• What if your hangar lease is silent as to whose insurance covers what but the landlord’s hangar-keeper’s coverage is significantly less than the value of all the aircraft inside?
• What happens if the damaged airplane is managed by a management company? What role will your management company play during this period? How about your lender/lessor?
• How does an insurer decide whether to declare a total loss? How does the amount of hull coverage affect the decision? Can the insured help make a case for a determination of a constructive total loss?
• What is reasonable timing for an insurance decision and do you have to keep paying premiums, even renew, during recovery? Would subsequent damage relate back to the initial incident?
• What do you do with your plane after it’s repaired? How does diminution of value factor into an insurer’s analysis of whether an aircraft is a total loss?

4:30

Protecting the People: Proactive Crisis Management is a Must!

Moderator & Legal: David M. Hernandez
Shareholder
Vedder Price P.C.

Donald J. Chupp
President
Fireside Partners LLC

Mike Nutterfield 
Manager, Flight Operations Safety and Standards
PepsiCo Aviation

Ellyn Slow
Senior Vice President, Risk Management
NetJets, Inc.

Companies have sophisticated emergency and disaster response plans but do those plans involve the company’s aircraft? The speakers will summarize typical issues to be addressed in emergency response planning for a flight department (internal or external) as well as how the aviation department can be integral in emergency and security planning for the company as a whole.

5:30

Conference Adjourns for the Day

5:30 | 7:00

Cocktail Reception

Co-sponsored by:

Tuesday, June 22, 2010

8:00

Breakfast and Networking

8:30

Tough Business Issues Facing Aircraft Operators/Owners: Storage vs Selling vs Alternate Revenue-Producing Uses

Jeff Agur
Managing Director
The VanAllen Group

David Rimmer
Executive Vice President
ExcelAire LLC

Barbara A. Spoor 
Corporate Vice President
SAI Valuations

Many owners and operators are looking at alternatives for aircraft they don’t need but can’t sell or afford to take a loss on. This session will examine business cases for potential short-term and long-term solutions to include: storage, selling, and other revenue generating opportunities. But this is much more than a financial decision and the business cases presented will examine other important considerations including:

• For each choice, what is the impact on an asset’s value?
• If I store my aircraft, what type of maintenance oversight should I consider?
• How do buyers perceive aircraft in storage or in low utility?
• What should be addressed from the insurance, legal and tax arenas?
• What kind of demand is there for revenue opportunities?
• How soon does the market need to recover for me to justify this decision?

9:30

Charter and Charter Management in Today’s Economic Environment

Moderator/Commentator: Scott E. Ashton
Chief Commercial Officer
Gama Aviation Inc.

Daniel Darwish
President
Corporate America Aviation

Bill Foster 
Business Development
Solairus Aviation

Joseph J. Moeggenberg
President & CEO
ARGUS International, Inc. (ARGUS)

The landscape of charter has continued to evolve in the past year, at a time when many aircraft owners are looking to defray overhead costs by making their aircraft available for charter.

But the tough economy has been too much for many operators to bear. Why have some carriers failed? What should you expect from the surviving charter management companies? How much charter is really out there? Is demand created by fractional overflow increasing or diminishing? The charter broker’s role.

10:30

Networking Coffee Break

11:00

Aircraft Registration Issues Update: Re-Registration Rules; Proposed Changes to Ownership Through Trusts

Moderator: Will E. van Egmond
Director
Crowe & Dunlevy

Jon Croasmun
Vice President
Wells Fargo Bank Northwest, N.A.

Robert M. Peregrin
Shareholder
Daugherty, Fowler, Peregrin, Haught & Jenson PC

Amy Rhodes
Associate General Counsel
GE Capital — Corporate Aircraft Finance

The FAA is proposing new rules which will require owners to re-register their aircraft periodically. How would these new rules work and how should owners and their advisors manage the new rules? What has the industry accomplished in preparation for such new rules? In addition, the FAA is considering new rules to be more restrictive on ownership of aircraft through trusts. What is the target of these new rules, and what is the potential fall out? What are the trust companies doing in preparation? What should a lessor or lending company do if they find such targeted trusts in their current portfolios?

12:15

Networking Luncheon

1:30

Ethical Considerations on Handling Tough Business Issues

Edward Kammerer
Partner
Hinckley Allen & Snyder LLP

William J. Quinn Jr.
Managing Partner
Charleston Aviation Partners LLC

Attorneys have long been obligated to follow professional ethics rules, but are there any rules that govern other professionals in business aviation? What ethical standards apply or should apply to members of professional organizations including appraisers, brokers, charter operators, management companies and others? How do these standards affect back-to-back transactions, filing of liens (even if the lien is not recordable), disclosure obligations, “confidential” or “this deal only” provisions negotiated by a lawyer for one client, and referrals and payments between professionals.

2:30

International Considerations for US Operators

James E. Cooling
Partner
Cooling & Herbers, P.C.

Dan Dunn
Executive Director, Aviation Department
Verizon

Katherine H. Perfetti 
Standards Manager
International Business Aviation Council

Additional panelists to be advised

International operations expose US operators to a variety of new requirements. The panelists will discuss EU requirements re Emissions Trading and Taxation, recent changes pertaining to noise certifications data being extended by the FAA to comply with ICAO requirements, unique insurance requirements, and an update on the application of IS-BAO.

4:00

Register 3 delegates for the main conference at regular price at the same time and you’re entitled to register a fourth person from your organization at no charge. For other group discounts, please call 1-888-777-1707. All discounts must be redeemed when booking, discounts will not be valid or applied after this time.