Programme

Day 1
09 Apr 2018
Day 2
10 Apr 2018
Day 3
11 Apr 2018

ACI-World Bank Annual Aviation Symposium

"FOCUSING ON PPPs"

The ACI-World Bank Annual Aviation Symposium will be lead by Charles Schlumberger, Lead Air Transport Specialist, The World Bank who will create an interactive and exciting forum of discussion. He will be joined by senior representatives from airports, investment banks and financial institutions around the world.

INTRODUCTION

Charles Schlumberger, Lead Air Transport Specialist, The World Bank

SESSION ONE: PPP THEORY (including a briefing by the World Bank)

Chair: Charles Schlumberger, Lead Air Transport Specialist, The World Bank
Mark Barges, Solicitor, Linklaters LLP
Nicolas Painvin, Head of Criteria, Credit and Research, Global Public Finance and Infrastructure, Fitch Ratings
Ian Twinn, Head of Infrastructure Portfolio, IFC
Ramatou Magagi, Senior Investment Officer, Advisory Services, Public Private Partnerships, IFC
Elliott Black, Director, Office of Airport Planning and Programming (APP-1), Federal Aviation Administration
11:25 - 11:55

NETWORKING REFRESHMENT BREAK

SESSION TWO: Airport traffic forecasting – Reconciling uncertainty with business as usual

Airport traffic forecasts are crucial for airport planning and the determination of future capacity requirements. Because infrastructure projects are costly and often disruptive, a data-driven understanding of future demand—such as the expected number of aircraft movements, passenger traffic throughput and air cargo volumes—gives airport planners and investors the necessary information for effective decision-making. “Business as usual forecasts”, in particular, provide stakeholders a valuable simulation for understanding potential demand based on macroeconomic and demographic variables. At the same time, there are several impediments that pose risks to the continued rise in demand, potentially hampering growth prospects over the short- and medium-term. Protectionist policies that retreat from further economic integration and air transport liberalization could have an adverse affect on air transport demand. Amidst this environment of policy uncertainty across many jurisdictions, what are some of the measurement challenges that airport forecasters face in reconciling both the macroeconomic environment with the microeconomic factors facing each individual airport?
Chair: Thomas Thessen, Chief Traffic Forecaster, Copenhagen Airports
Aram Karagueuzian, Manager, Airport Traffic Statistics and Forecasts, ACI World
Ben Brewer, Head of Forecasting, Heathrow Airport
Katerina Zalavra, Head, Corporate Information & Market Intelligence 
Athens International Airport S.A.
13:00 - 14:00

NETWORKING LUNCH

SESSION THREE : PRACTICAL EXERCISE

This session will include some practical examples and will concentrate on two or three airport projects that are experiencing different kind of challenges (eg lack of support by regulator, or unions) and having them expose the issue. The attendees will then be split into groups to explore possible solutions.
Chair: Charles Schlumberger, Lead Air Transport Specialist, The World Bank
Yatich Kangugo, Managing Director, Kenya Airports Authority *
Carlos Velasquez Monge, Director General, Guatemala City
Selahattin Bilgen, Chief Financial Officer, IGA
Senior Representative, IATA

Symposium Conclusions

Charles Schlumberger, Lead Air Transport Specialist, The World Bank
18:30 - 20:00

ACI AIRPORT ECONOMICS & FINANCE CONFERENCE & EXHIBITION WELCOME RECEPTION

CONFERENCE

The conference will consist of numerous high-level sessions including cutting edge presentations and panel discussions from industry leaders, top level decision makers and other airport professionals.
08:00 - 09:00

REFRESHMENTS ON ARRIVAL IN THE EXHIBITION

WELCOME AND KEYNOTE ADDRESSES

Chair: Kata Cserep, Vice President Airports Practice, ICF
Angela Gittens, Director General, ACI World
Olivier Jankovec, Director General, ACI EUROPE
Patti Chau, Regional Director, ACI Asia-Pacific
Senior Representative, ICAO
10:30 - 11:00

NETWORKING REFRESHMENT BREAK IN THE EXHIBITION

SESSION ONE: PURE FINANCE AND ECONOMICS (PANEL DISCUSSION)

A panel of experts in the airport industry will discuss the following: The future growth of the airport industry means committing today to significant capital plans with long time-horizons. Investors will look for safe assets and stable income streams, but risk levels are increasing in many regions making financing a challenge. Furthermore, airports around the world face a more competitive business market and have to operate as commercial entities. At the same time, the underlying structure of airports’ business models is changing. Next to traditional PPP, the expanding role of global airport groups change how airports operate.

Chair: Charles Schlumberger, Lead Air Transport Specialist, The World Bank
Keith Mason, Professor & Head of Air Transport Management, Cranfield University
Dan Wong, Associate Professor and Deputy Head of Department – Transport Studies, Business and Economics Department, Modern College of Business and Science, Oman
Mathieu Blondel, Partner, Arthur D Little
Jonathan Sandbach, Consultant Economist, Alix Partners
Shyamali Rajivan, Director, Global Infrastructure and Project Finance, Fitch Ratings
12:30 - 13:30

NETWORKING LUNCH IN THE EXHIBITION

SESSION TWO: AIRPORT COMPETITION DYNAMICS

PART ONE – THEORY (PANEL DISCUSSION)
Airports need to attract both airlines and passengers. Traditional views of airport competition focused on local catchment areas. But today, in an aviation industry that is consolidating to a few airlines that can quickly re-deploy their aircraft to more profitable routes, airports have to compete for airline services on a pan-European basis. As a result, airports are constrained by the buyer power of their customers. Airports do not have thousands of individual customers, but only a dozen or so buyers with significant influence. Further, large hub airports are under pressure from the ‘super connector’ airlines’ hubs in the Gulf as well as hub-bypass. The need to maintain transfer passenger volume is strong driver of charges reductions.

Chair: Harry Bush, Director, H2B2 Ltd
Andrew Meaney, Partner, Oxera Consulting LLP
Martin Thelle, Partner, Managing Director, Copenhagen Economics
Nazzarena Franco,Vice-chair of the ACI EUROPE Economics Committee, Strategy Planning & IR Director, Bologna Airport
Warren Mundy, Chief Economist, Australian Airports Association
Henrich Morch, DG Competition – EC *
James Wiltshire, Head of Policy Analysis, IATA *

PART TWO - CASE STUDIES (PRESENTATIONS)
What have airports done to ‘win’ new routes? How do airports demonstrate their potential to airlines to gain new air services? What product does an airport need to focus on? How can development of surface connections help an airport compete more broadly? And how will self-connections change airport competition?

Chair: Lars Jønstrup Dollerup, Chief Financial Officer, Copenhagen Airport
Francesco Ciarmatori, Managing Partner, Aragon Partners
Raffaele Pasquini, Head of Marketing & Business Development, Aeroporti di Roma
Kim Stangeby, Chief Strategy Officer, Greater Toronto Airports Authority
Edward Shelswell-White, Principal, ICF *
15:30 - 16:00

NETWORKING REFRESHMENT BREAK IN THE EXHIBITION

SESSION THREE: THE ECONOMIC VALUE OF A SLOT

The Economist wrote in November that the battle for Monarch Airline’s slots after its bankruptcy “is a sign of how much the system for allocating them harms competition and consumers.” The newspaper concludes that despite the challenges “the case for change is nonetheless clear.” What is the way forward? How can the true value of slots be found, and how should the value that is created with a slot be allocated?

Chair: Andrew Charlton, Managing Director, Aviation Advocacy
Beryl Brown, Head of Competition and Markets, CAA
Gunter Heinrich, Head of Airport Slot Management, Fraport
Jagoda Egeland, Economist, Infrastructure Planning Lead, International Transport Forum at the OECD
John Hanlon, Head of International Government and Industry Relations, Norwegian
Diarmuid O'Conghaile, Head of Regulation, Ryanair
Dominic Maxwell, Expert, McKinsey’s Amsterdam *

BREXIT – 20 MINUTE UPDATE

Robin Springthorpe, Partner/Solicitor, Norton Rose Fulbright LLP

GALA DINNER

Royal Institute of British Architects, London - for more information click here
08:30 - 09:00

REFRESHMENTS ON ARRIVAL IN THE EXHIBITION

WELCOME ADDRESS

Chair: Kata Cserep, Vice President Airports Practice, ICF

SESSION FOUR: AIRPORT NETWORKS

Today, 69% of countries have some sort of airport networks and nearly half of the World’s airports belong to airport networks. Airport networks have also come to support equal opportunities in terms of accessibility, connectivity and economic development. By ensuring the sustainable funding of smaller non-economically viable airports, in compliance with ICAO’s guidelines, airport networks have become essential to safeguard and enhance connectivity for all regions concerned - ensuring that all areas remain interconnected without any community being neglected. But the network model is being challenged. What can future regulation do to address concerns and advance the network model?

Chair: Stefano Baronci, Director of Economics, ACI World
Jaime Garcia Legaz, Chief Executive Officer, Aena
Alexander Zinell, Chief Executive Officer, Fraport Greece Management Company
Seshadri Suresh, Member (Finance), Airports Authority of India
Zouhair Mohamed El Afouir, Chief Executive Officer, ONDA
Ezequiel Barrenechea, Director de Corporacion America Latam

LIVE INTERVIEW

Interviewer: John Strickland, Consultant, JLS Consulting
Martin Eurnekian, Chief Executive Officer, Aeropuertos Argentina 2000
11:15 - 11:45

NETWORKING REFRESHMENT BREAK IN THE EXHIBITION

SESSION FIVE: INVESTORS’ ROUND TABLE (PANEL DISCUSSION)

Reliance on private investors to provide financing for investment in capacity to meet the future demand will increase as governments step back. What do investors look for in the frameworks for regulation and operations? What do investors want in terms of transparency and consistency. What do investors seek during a privatisation to make it interesting? In sum, it is clear that investor appetite for airports is increasing, and this means that airports and regulatory systems must be considered in depth.

Chair: Cristian Nedelcu, Director Equity Research, USB Investment Bank
Alejandro Gaffner, Partner, Oliver Wyman
Michael McGhee, Partner, GIP
Nicolas Notebaert, Chief Executive Officer, VINCI Concessions & Chairman, VINCI Airports
Andrew Blease, Associate Managing Director, Infrastructure Finance, Moody’s Investors Service
Rafael Echevarne, Chief Executive Officer, MBJ Airport
Senior Representative, Ontario Teachers’ Pension Fund *
13:15 - 14:15

NETWORKING LUNCH IN THE EXHIBITION

SESSION SIX: REGULATION: A EUROPEAN PERSPECTIVE

A wide range of regulatory approaches have evolved to address the equally wide range of circumstances in which airports operate. For many years now airports have operated as commercial entities and not as public utilities, and the shift of the airline industry globally away from one of fragmented flag carriers to one of regional powerhouses and global alliances means that airports face fewer customers. Regulators have to be careful to not move too quickly but also adjust to the actual situation and its likely development. What are regulators doing around the world to adapt to the changing market and what does this mean for the range of regulatory approaches?

Chair: TBC
Filip Cornelis, Acting Director, European Commission DG MOVE *
Dan Elliott, Board Director and Head of Aviation Practice, Frontiers Economics Ltd
Andrea Camanzi, President, Italian Transport Regulation Authority
Kurt Daels, Chair of the ACI EUROPE Economics Committee & Head of Regulation, Contracts & Charges, Brussels Airport
Cathy Mannion, Commissioner, Irish Aviation Regulator *
Salvatore Sciacchitano, Executive Secretary, European Civil Aviation Conference