Conway MacKenzie has provided service to the aerospace and aviation industries since its formation with a focus on providing restructuring services to middle market businesses. Conway MacKenzie has been engaged to represent airlines, aircraft suppliers, defense contractors, maintenance repair & overhaul (“MRO”) service providers, aircraft parts distributors, fixed based operators (“FBOs”), and cargo transportation companies. Our focus in these situations is to perform critical analysis of the company, its business model and its current circumstances, develop plans to improve the financial and operational performance of the company, and implement those plans through working with relevant stakeholders.
The aerospace and aviation industry has been facing major challenges for many years. Those hardships have only been exacerbated by the recent economic downturn. These challenges include declines in passenger travel, shrinking profits, fuel price volatility, environmental concerns and lack of capital investment. The commercial aviation supply chain is under pressure from vigorous airline cost-cutting and low traffic demand. Aggressive outsourcing bids have reduced MRO margins. Many FBOs have responded to the recession by consolidating operations. Even defense contractors are now very uncertain about the future.
Conway MacKenzie’s aerospace and aviation team brings the resources to help clients to navigate these difficult times. Conway MacKenzie’s supply chain experience in automotive, aerospace, aviation and other manufacturing industries is second to none. Our thorough understanding of the dynamics between suppliers and OEMs makes us the most effective service provider to aircraft and defense suppliers in the country.
Our team is experienced in restructuring companies through both operational and financial restructurings, executing in and out of court restructuring transactions (representing debtors, creditors, and other key stakeholders), developing and implementing performance improvements, and assisting corporate and private equity in all of their transaction needs, including financial and operational due diligence on buy and sell-side M&A transactions.