Seabury’s investment banking and corporate advisory team has corporate restructuring and insolvency experience representing companies on distressed M&A transactions, refinancing, recapitalizations, and debt renegotiations.
Seabury’s corporate advisory team has extensive industry experience in turning a distressed company around via a complete financial and operational restructuring. Our preferred methodology is to perform an all-encompassing assessment of the current situation, implement a stringent cash conservation program, develop a detailed plan of action including appropriate mile stones, and assist management in the implementation of the turnaround plan to ensure a successful restructuring and continued viability. All of us on the team have worked for an airline in some capacity and are fluent in:
- Restructuring aircraft debt and leases
- Aircraft acquisition and financing
- Crisis and cash management
- Interim management
- Maintenance programs and expense reduction
- MRO operations
- Airline operations
- General contract evaluation and renegotiations
- Overall cost management and reductions
- Revenue enhancement
- Commercial and distribution
- Staffing levels
- Fuel and currency hedging
- Financial analysis, accounting and reporting
- Treasury operations
Seabury has performed extensive due diligence on domestic and international airlines that were privately held, publicly held and government owned. Each situation is unique and requires extensive knowledge of airline operations, the aviation industry and owner and governmental constraints. Our due diligence efforts not only focus on the financial condition of the airline but also on the operational efficiency and commercial viability of the airline. On the sell side we prepare and work with the client to ensure any potential issues are addressed and a viable long-term business plan is developed and defensible. On the buy side we educate the client on the aviation industry, evaluate the operational and financial performance of the airline and evaluate the business in light of an extremely competitive environment and capital intensive industry.
