Develop a comprehensive understanding of the fundamentals of project finance

Your Family Office Workshop

This 3-day workshop is designed for professionals who are required to develop a comprehensive understanding of the fundamentals of project finance related to areas like financial sponsors, corporate finance and commercial banking.

We offer a highly practical workshop for Aviation Risk Management in London on 30 Nov -1 Dec 2017. Our instructors and presenters have hands-on professional experience in the field of Aviation Risk Management, while we offer learning and networking opportunities through relationship building within the vetted family office investment community. All family office workshops take place in London's most prestigious hotel establishments.




Central London Location
Knightsbridge, London

Our Offering

Workshop Objectives

The objectives of this workshop is to provide the participants with the analytical tools and theoretical framework of evaluating airport value drivers and associated risks. Specifically, by attending the Fundamentals of Risk Management in the Aviation Industry, participants will achieve:

  • Understanding individual airport value drivers and associated risks
  • Establishing a risk management framework for analysing demand-driven aviation risks
  • Analysis of risks for airport management, cash flow and profitability
  • Analysis of airport revenue streams (aviation, retail, real estate, external operations)
  • Operational efficiency improvement (increasing commercial yields and expanding route networks)
  • Analysing oil pricing trends by using quantitative methods (monte carlo simulation and principal components analysis)
  • Workshop Methodology

    The course materials are based on case studies and practical examples, which are designed to assist the participants to gain a working knowledge of the topics taught.

Day 1


Airport Value Drivers and Associated Risks

  • The risk-return profile of an airport asset
  • Understanding individual airport value drivers and associated risks
  • Airport maturity
  • Yield improvement
  • Regulatory environment
  • Catchment area penetration
  • Capacity constraints
  • Airport traffic mix
  • Airline customer dependence
  • Analysis of risks for airport management, cash flow and profitability
  • Analysis of airport revenue streams (aviation, retail, real estate, external operations)
  • Operational efficiency improvement (increasing commercial yields and expanding route networks)
  • What are the key antitrust considerations for airport management?
  • Industry consolidation of airport operators


Case Studies: Airport Valuation

  • London Luton Airport (AENA and Ardian)
  • Mactan-Cebu International Airport


Case Studies: Airport M&A

  • Divestment of Edinburgh Airport by BAA. What is for Global Infrastructure Partners?
  • An analysis of Airport Transaction Multiples


Case Studies: Airport Antitrust

  • BAA and the divestment of London Stansted


Airport Project Finance: The New Paradigm and Risk Analysis

  • • The new paradigm post the 2008 financial crisis
  • • New financing players, the role of governments, trade buyers and operators
  • • Risks and risk mitigants of airport project finance
  • • How to generate profits for investors and operators?
  • Case Studies of Aviation Infrastructure Projects
  • Case Study: Madinah Airport PPP: TIBAH Consortium
  • Case Study: Pulkovo Airport St Petersburg PPP

Day 2


Demand-driven Aviation Risks

  • Air travel fluctuations and patterns
  • What are the drivers of global air travel?
  • What influences the propensity to fly?
  • Economic health
  • Demographic changes
  • Market maturity
  • Crises
  • Geographical idiosyncrasies
  • Competition
  • Airport hub status
  • Immigration habits
  • Establishing a risk management framework for analysing demand-driven aviation risks


Case Study: An analysis of IATA global traffic data

  • Which regions are experiencing growth and why?
  • What are the new travel patterns emerging?
  • Which airports and airlines are capturing growth opportunities?
  • How do airports capture the new travel patterns?
  • How do airports and airline reposition to take advantage of new growth opportunities?


Case Study: Assessment of passenger traffic growth forecasts

  • Developing a framework for analysing traffic growth forecasts
  • How useful are traffic growth forecasts in implementing a risk management framework for airports?
  • Repositioning airport risk management in line with traffic forecasts
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Case Study: An Analysis of Resident Trips for 2010 v. 2040

  • Potential investment airport hubs
  • How do airports and airlines reposition to take advantage of resident trips?
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The Case of Macroeconomic Risk Management: Cyclicality in the Aviation Industry

  • Volatility in GDP and aviation trends
  • Economic and financial shocks (e.g. global crisis after 9/11, Asian crisis of the late 1990s)
  • An analysis of the UK Airport terminal passenger traffic and GDP Growth (1970-2013)
  • Repositioning airport risk management in line with macroeconomic cyclical adjustments


Airlines Development, Growth and Associated Risks

  • Challenges in the airlines industry
  • Shrinking operational margins
  • Difficult yield environment
  • Privatisation and consolidation
  • Increases in taxes, airport and flight charges
  • Consolidation in the carriers industry
  • The emergence of “truly” multinational carriers
  • Airline alliances: instability and threats to the air traffic system
  • Requirements of airport operational improvements
  • Airports as self-contained businesses
  • Economic benefits of airport hubs
  • Traditional airlines v. low-cost budget airlines v. charter/leisure sectors
  • Impact of airline bankruptcies on airports
  • Commodity Prices and Risk Hedging for Airliners
  • Adjusting into an era of high and volatile energy and commodity prices
  • Fundamentals of commodities hedging
  • Analysing oil pricing trends by using quantitative methods (monte carlo simulation and

Further Case Studies

  • An analysis of global commercial airline profitability
  • The failure of Eos and Silverjet. Lessons learnt?
  • Heathrow Airport Capacity and Associated Risks for Airliners
  • Etihad’s acquisition of 29% stake in Air Berlin and 3% share in Aer Lingus
  • Qatar’s acquisition of a 35% stake in Cargolux. What is the strategic rationale?
  • A story of successful oil hedging by US-based Airliners in late 2000s

The Family Office Institute is a leader in providing advanced workshops for family offices and their advisors. We conduct forums in collaboration with investment professionals, as well as, highly focused courses and forums for family offices, private investment offices, investment management boutiques, specialised wealth management firms and private banks. Our guest speakers are leading professionals in their respective field of expertise globally with decades of experience.

We apply a strict qualification process, to ensure that participation to our workshops remains exclusively to family offices and industry professionals. In this respect, we reserve the right to accept applications which only meet our criteria. Besides, we place a limit on the number of delegates per workshop. For most of our workshops, participants are required to fall into one of the following categories to attend:

  • Single Family Offices
  • Multi-Family Offices
  • Private Investment Offices
  • Sophisticated private investors
  • Professional advisors
  • Wealth managers
  • Trust & estate practitioners
  • Legal professionals

Our Workshops deliver:

  • Confidential - relationship building within a community of family office professionals.
  • Intimate gatherings - practical sessions, roundtables, cocktail receptions and more.
  • Exclusivity - unencumbered and transparent, free of competitor encroachment.
  • Exposure - network of family office and sophisticated private investors.
  • Highest quality - content that is trusted for its substance, accuracy and timeliness.

Participation Fees: Our workshop fee is currently at £2,500 + VAT (pound sterling) per attendee.

A reduced fee may be provided if an institution intends to be represented by more than 3 delegates in a specific workshop. The workshop may also be run in-house, exclusively to the requirements of a family office or a specific industry institution. For further options please contact us directly to discuss your exact specifications in confidence.

Refund policy: The Family Office Institute operates a no refund policy with respect to workshop cancellations. However, subscriptions may be transferred to alternative workshops, or alternative client institutions upon request.

Request call back

To attend our Aviation Risk Management Workshop in London and to discuss your requirements in confidence, contact us today at office@gcprive.com
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