Professional Services
Professional Services Firm
Full Credential Description
The aviation service firm faced significant challenges due to the pandemic, which led to a drastic reduction in charter flight volumes and a halt in aircraft engine overhauls. The company, which aimed to be the first vertically integrated charter aviation firm, was struggling with severe liquidity issues, burning over $1 million per month in its maintenance, repair, and operations (MRO) business, which had not turned a profit since its acquisition. Additionally, the departure of key management personnel, including the CEO and COO, compounded the operational distress, leaving the firm in a precarious position with a credit facility in forbearance.
To address these issues, we was engaged to stabilize the company's liquidity and assess its business viability. They took on interim leadership roles, including that of CEO and VP of finance, and implemented a strategic plan that involved the divestiture of the MRO business. A Monte-Carlo simulation was developed to quantify the impact of various risks and opportunities, allowing the team to understand the likelihood of different profit and loss outcomes. This analytical approach enabled the firm to prepare projections for future earning potential following a successful turnaround, ultimately guiding the company through a critical phase of restructuring and operational assessment.