Investing in AirportsCreating the conditions tomeet future demand

In cooperat ion with

MEDIAPARTNERS

“Aviation—and speci�cally airports’ role within the sector—is continually evolving. Airports can no longer be viewed simply as pieces of infrastructure where planes land and take off; they have increasingly become complex businesses in their own right that in many cases compete with each other to be the gateway to cities, regions and even entire continents. More than anything, the Investing in Airports conference, jointly organized by ACI, ICAO and the International Transport Forum at the OECD, is about fostering the right environment for investment in airports and ensuring that regulation evolves in step with the industry for a sustainable future with the ability to accommodate growth in the demand for air service.”

Angela GittensDirector General, ACI World

Tuesday, 6 December 201612:00-17:00 Registration

Pre-conference workshops:Cinema Paradiso, Planet Hollywood Beach Resort

Fertile grounds: policy frameworks for sustainedcapital investments

14:00-16:00 The importance of air connectivity for achieving regional andnational socio-economic growth

Moderator: Jagoda Egeland, Economist, International Transport Forum, OECD

Aviation connectivity: De�nitions and measurement. What are the challenges, and how are they addressed by practitioners?

The impacts of air connectivity on the local and national economy: What are the impacts of connectivity on trade, investment, productivity, and economic growth? How can aviation help ful�ll strategic government objectives? Linking liberalization, connectivity, and airport development.

The future of aviation connectivity: How can the governments tailor the policies of today to achieve better economic outcomes tomorrow?

Hubs connectivity vs. Regional airport connectivity

Dan Elliott, Founder and Director, Frontier Economics

Dimitrios Dimitriou, BoD Athens International Airport, Assistant Professor, Democritus University of Thrace

Sainarayan Ananthanarayan, Chief Aviation Data & Analysis (ADA) Economic Development, Air Transport Bureau, ICAO

17:30-19:30Welcome Reception

Planet Hollywood Beach Resort

Wednesday, 7 December 2016Cinema Paradiso, Planet Hollywood Beach Resort

The investment horizon: Where are we now and where are we going?09:00- 10:00 Opening and welcome remarks

Lighting of Lamps Ceremony

Angela Gittens, Director General, ACI World 

Arun Mishra, Regional Director, Asia Paci�c, ICAO 

Stephen Perkins, Head of Research, ITF at the OECD

10:00-10:20 Keynote speaker

Roberto Kobeh Gonzalez, General Director, Mexican Airspace Navigation Services (SENEAM) and Lifetime Goodwill Ambassador of ICAO

10:20-10:45 Coffee Break

10:45-12:00

India: A snapshot of the current process of privatizationDoes Indian economic regulation foster the sustained �nance of infrastructure and capital investments? To what extent does the regulatory framework guaran-tee a market where risk is matched to rewards?

Moderator: Amber Dubey, Partner & Head Aerospace and Defense, KPMG India

P.S. Nair, CEO-Corporate, Airports Sector, GMR Group

Rajeev Jain, CEO, GVK

S. Machendranathan, Chairman, Airports Economic Regulatory Authority of India (AERA)

12:00-12:30The state of the airport industry

Stefano Baronci, Director of Economics, ACI World

12:30-13:30 Lunch

13:30-14:30

Information session- Evidence based decision makingThis information session takes a data driven approach to understanding some key economics characteristics of the airport industry:

What are the current trends in air transport demand? Where have we been?

Where are we and where are we going?

What is the global performance of non-aeronautical vs.aeronautical revenues?

The bottom line: After factoring in airport costs, is the industry pro�table?

The economics of airport networks. What does the latest data reveal?

Ilia Lioutov, Senior Data Analyst, Airport Economics, ACI World

Patrick Lucas, Senior Manager, Economics and Statistics, ACI World

14:30-15:00 Coffee Break

15:00-16:00

The Asian capacity crunch Are the national regulators providing the right regulatory environment to foster capacity development? Focus on airport operators with major capacity challenges.

Moderator: Girish Shirodkar, Partner, Strategy&

Ms. Rajani Khetan, Regional Transport Analyst from CLSA

Tan Sri Bashir Ahmad ABDUL MAJID, Advisor, Malaysia Airports Holdings Berhad

16:00-16:30Setting the scene for the last day: Review of policies andpractices on airport user charges

Julian De la Camara, Former Infrastructure Manager, ICAO and ICAO/ACI Instructor

18:30 - 21:00 Cocktails and Dinner

Planet Hollywood Beach Resort

Thursday, 8 December 2016Cinema Paradiso, Planet Hollywood Beach Resort

Sowing the seeds:Ingredients to set it right09:00-09:30

“To be or not to be [regulated]”: Market power and competitionKeynote Speaker:

Dr. Harry Bush, fIndependent Advisor and Former Group Director Economic Regulation, UK Civil Aviation Authority

9:30-10:30

New trends in airport regulatory frameworks: The regulator’s perspective on market power and competition

Moderator: Arun Mishra, Regional Director Asia Paci�c, ICAO

Sanjiv Kapoor, Chief Strategy and Commercial Of�cer, Vistara

10:30-11:00 Coffee Break

11:00-12:00

A focus on transparency and consultation

Do ICAO’s policies of transparency, and user consultation, with respect to airport charges, contribute to the �nancial sustainability of airports?

ICAO: is there a future for a reliable and accurate data-base on airport charges at worldwide level?

Are airports in various markets converging towards a regulatory model that enables allocative ef�ciency and �nancial sustainability?

What models of economic oversight sti�e investment and disrupt the air transport value chain?

Moderator: Amber Dubey, Partner & Head Aerospace and Defense, KPMG India

Cesar Raffo, Head of Airport Charges, IATA

Sainarayan Ananthanarayan, Chief Aviation Data & Analysis (ADA) Economic Development, Air Transport Bureau, ICAO

Sidharath Kapur, President (Finance and Business Development), Airport Sector, GMR Group

Stefano Baronci, Director of Economics, ACI World

12:00-13:30 Lunch

13:30-14:30

The Q factor - From infrastructure provider to enterprise: Customer focused approaches to the oversight function

Perspectives on Airport Service Quality: “Win-win” for operatorand regulator

Regulatory models that incorporate service quality

Moderator: Dr. Harry Bush, Independent Advisor and Former Group Director Economic Regulation, UK Civil Aviation Authority

Antoine Rostworowski, Director, Airport Customer Experience and Technology, ACI World

Bhaskar Bodapati, Senior Director - Finance & Support Services, Bangalore International Airport Limited

14:30-15:30

The regulated business: Lessons from other industries

What are the economic tools and incentive schemes that foster sustainable development in other infrastructure intensive industries? What can we learn from both the successes and failures in the oversight function as applied to other industries?

Moderator: Dan Elliott, Founder and Director, Frontier Economics

Anthony Keating, Director of Aviation - Advisory, Investment & Transactions, Mott MacDonald

Garima Nirula, Consultant, Frontier Economics

Manish Agarwal, Leader, Capital Projects & Infrastructure, PWC India

15:30-16:00

Closing Remarks

Stefano Baronci, Director of Economics, ACI World

16:00-16:30

Networking Coffee Break