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Accounting & Finance Finance and Compliance

Executive Certificate in Aircraft Leasing and Financing
行政人員證書《飛機租賃及融資》

Course Code
EP166A
Application Code
2280-EP166A
Study mode
Part-time
Start Date
05 Apr 2025 (Sat)
Duration
1 month to 2 months
Language
English
Course Fee
HK$8000 per programme
Deadline on 20 Jan 2025 (Mon)
Enquiries
2867 8322
2861 0278
Apply Now

This course is on the list of  Maritime and Aviation Training Fund (MATF), under the Professional Training and Examination Refund Scheme . Eligible applicants are refunded with 80% of their fees, subject to a maximum of HK$30,000 (whichever is less) of the fees. 此課程已列入<海運及空運人才培訓基金>的<專業培訓課程及考試費用發還計劃>名單,「基金」最多可獲發還80%或上限30,000港元的費用 (以數額較小者為準)

Highlights

This programme offers the essential concepts and contemporary issue about aircraft leasing and financing. It provides a broad overview of main categories of different aircraft leasing transactions.

 

About The Hong Kong Aircraft Leasing and Aviation Finance Association
 

The Hong Kong Aircraft Leasing and Aviation Finance Association (HKALA) was founded in June 2017 to promote the development of the aircraft leasing and finance industry.
HKALA's members include key international and domestic lessors, lessees, banks and other financial institutions, investors, law firms, accounting and tax advisory firms and other service providers involved in the aircraft leasing and finance industry.
The Association seeks to be a united force in the industry that strives to enhance Hong Kong's status as an international aviation and financial centre.

 

Financial Assistance: 

Maritime and Aviation Training Fund 

The $100 million Maritime and Aviation Training Fund (MATF) approved by the Legislative Council in January 2014 came into operation on 1 April 2014. In May 2019, $200 million was approved to be injected into the MATF to sustain and enhance existing training schemes and scholarships, as well for launching new initiatives for the maritime and aviation sectors. The aim is to build up in due course a vibrant, diversified and competitive pool of professionals and technical personnel to support Hong Kong’s future development in the two sectors.

To incentivize those interested to join or re-join, as well as already working in, the aviation sector to attend course(s) and sit for examinations(s) that are being offered by various education institutions, professional or trade bodies to raise their professionalism and competency, the Government has launched the Professional Training and Examination Refund Scheme under MATF to support the manpower training of the maritime and aviation industries. With effect from 1 April 2021, each successful applicant will be refunded 80% of their fees, subject to a maximum of HK$30,000 (whichever is less)Note for the pre-approved course/examination.

Note: The subsidy ceiling of $30,000 would apply on an ad personam basis. Insofar as applications submitted before 1 April 2021 are concerned, MATF would process these reimbursement claim applications in accordance with the requirements stipulated before 1 April 2021 (i.e. 80% of the course/examination fees and subsidy ceiling of HK$18,000) 

(Link: https://www.tlb.gov.hk/eng/whatsnew/transport/2022/MATF%20ProTERS%20-%20Pre-approved%20Courses%20Examinations%20List(2022.07).pdf )

For details, please visit: https://www.tlb.gov.hk/eng/highlights/transport/20140401-09.html

For enquiries, please email to matf@tlb.gov.hk or call the MATF hotline at 35097261. 

 

News:

Global Aviation Leasing Market 2020 Various Manufacturing Industries: Hong Kong International Aviation Leasing Co. Ltd. , CALC , Intrepid Aviation , Avolon - Galus Australis

Asian aircraft leasing companies manage their way through Covid-19 crisis - The Asset

中銀航空租賃(02588)長期飛機租約不受疫情影響 另類收租股具競爭優勢 - 經濟一週

 

(由左至右: 何啟光先生, 香港飛機租賃和航空融資協會秘書; 許漢忠先生, 香港飛機租賃和航空融資協會會長; 梁嘉輝先生, 香港飛機租賃和航空融資協會司庫)

Programme Details

The total number of contact hours is 30 for the entire programme.   
 

Programme Objective

The programme aims to equip students with a solid foundation and knowledge of the latest developments in aircraft leasing and financing. It deals with different aspects of aircraft leasing and financing with a focus on the practical features pertinent to the Hong Kong aviation market.


Learning Outcomes

On completion of the programme, students should be able to:

  1. Apply fundamental concepts of leasing and financing transactions in the aircraft sector
  2. Evaluate how the regulatory framework and the demands of regulatory bodies affect aircraft leasing and financing in Hong Kong
  3. Explain the operation of aircraft leasing and financing transactions
  4. Discuss the best practice and challenges of aircraft leasing and financing in Hong Kong

 

Lecturer
 

Mr. William Ho

William specialises in aircraft finance and leasing.  He has considerable expertise across a broad range of aviation transactions including export credits, tax leases, operating leases and sale and purchase of aircraft portfolios.  His experience covers a variety of structures including Japanese operating leases, French tax leases, European ECA- and US Exim-backed aircraft financing, pre-delivery financing and Chinese domestic leases.  William’s work upon a number of innovative deals has been recognised in the Airfinance Journal’s Asia Pacific Deal of the Year for each of 1999, 2001, 2002, 2005, 2009, 2010, 2011, 2012, 2015, 2017 and 2018.

William was an advisor to the Aviation Task Force under the Hong Kong Economic Development Commission of the Hong Kong SAR Government from 2012 to 2017, contributing to the establishment of Hong Kong’s concessionary tax regime for aircraft leasing.  He is consistently ranked a Band 1 Aviation Finance lawyer in Chambers Asia Pacific. 

 

Mr. Clarence Leung

Clarence has more than 20 years in the asset finance & leasing industry including working in the asset finance and leasing department of an Investment Bank in the UK. He specialises in advising on asset finance and leasing related matters, involving a range of assets including telecommunication assets, transportation and plant and machinery.Clarence has more than 20 years in the asset finance & leasing industry including working in the asset finance and leasing department of an Investment Bank in the UK. He specialises in advising on asset finance and leasing related matters, involving a range of assets including telecommunication assets, transportation and plant and machinery.

In the last 7 years, Clarence has been working very closely with the Hong Kong SAR Government in formulating the tax policies for turning Hong Kong into an aviation leasing and financing hub.  The concessionary tax regime became law on 29 June 2017 with an effectively date from 1 April 2017.  Clarence worked on the first deal to utilise the Hong Kong leasing regime and has worked on a number of other notable deals using the regime in Hong Kong since.

Application Code 2280-EP166A Apply Online Now
Apply Online Now

Modules

The total number of contact hours is 30 for the entire programme.
 

Module    Title

     1                Principles of Aircraft Leasing and Financing

     2               Aircraft Leasing and Financing in Practice

 

Module 1 Principles of Aircraft Leasing and Financing

  • Introduction to the aviation industry and its growth projections
  • Fundamental concepts of leasing
  • Aircraft nationality and rights registration
  • Purchase and leasing of aircraft
  • Aircraft trading
  • Lease financing of aircraft
  • Commercial debt financing of aircraft
  • Export credit financing of aircraft
  • Tax lease financing of aircraft
  • Capital market structures in aircraft financing
  • Financial statement analysis for aviation
  • Financial modeling aircraft leasing and financing
  • Airline performance and credit risk
  • Overview of air services development and its regulatory framework
  • Double taxation treaty network
  • Concessionary tax regime
  • Legal aspects of aircraft leasing and financing
  • Analysis of key terms in aircraft leases
  • Technical aspects of aircraft leases
  • Aviation insurances and key clauses
  • Claims management in aviation insurances
     

Module 2 Aircraft Leasing and Financing in Practice

  • Aircraft leasing and financing business in practice
  • Case studies in aircraft leasing and financing
  • Managing an aircraft throughout its life cycle
  • Aircraft portfolio management
  • Opportunities and challenges for aircraft leasing and financing in Hong Kong

 

Assessment method:  One individual assignment

 

The Executive Certificate will be conferred to candidates who pass in continuous assessment as well as achieved at least 70% attendance of the programme.

Class Details

Tentative Schedule ( Apr 2025 Intake)

Module 1 –  Principles of Aircraft Leasing and Financing 

Module 2 –  Aircraft Leasing and Financing in Practice

Lecture 1  5 Apr 2025 (Sat)  09:30am - 1:00pm
2:00pm - 6:00pm
Lecture 2 12 Apr 2025 (Sat)  09:30am - 1:00pm
2:00pm - 6:00pm

 

Lecture 3

 

26 Apr 2025 (Sat) 09:30am - 1:00pm
2:00pm - 6:00pm

 

Lecture 4

 

3 May 2025 (Sat) 09:30am - 1:00pm
2:00pm - 6:00pm

 

*Tentative Venue: Causeway Bay (Location will be notified by email once enrollment is confirmed)

Fee

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$8000 per programme

Entry Requirements

Applicants shall hold:

i) a Bachelor's Degree awarded by a recognized Universirty or equivalent; or
ii) an Associate Degree or a Higher Diploma or equivalent, and have at least 2 years of relevant work experience.

Applicants with other qualifications and substantial senior work experience will be considered on individual merit.

Apply

Online Application Apply Now

Application Form Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and applicant’s name. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying “Course Application” on the envelope. HKU SPACE will not be responsible for any loss of personal information and payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, new and continuing students of award-bearing programmes with available online service, they may also pay their course fees by Online WeChat Pay, Online Alipay or Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolment Centres and avoid making cheque payment under this circumstance.

  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque, FPS or PPS by Internet will be reimbursed by a cheque, and fees paid by credit card will be reimbursed to the credit card account used for payment. 

  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to “HKU SPACE” to any of our enrolment centres.
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