Alton Aviation Consultancy Recognized by Airfinance Journal for Commercial Aviation 2020 M&A Deal of the Year
NEW YORK (JULY 5, 2021) — Alton Aviation Consultancy, the global aviation advisory firm, is pleased to have contributed to Bain Capital’s successful acquisition of Virgin Australia, recognized as the ‘2020 M&A Deal of the Year’ by Airfinance Journal. The $A3.5bn deal (as reported in Australian media) was completed in an expedited timeframe, with the airline emerging from administration in just seven months.
Leah Ryan, managing director with Alton Aviation Consultancy noted: “Virgin Australia was one of the Asia-Pacific region’s first high-profile casualties following the emergence of the Covid-19 pandemic, and the corporate rescue of the airline was one of the most high-profile and complex deals of the last decade.”
Virgin Australia was the first major airline to restructure its financings and operating leases amidst the complex market conditions caused by Covid-19. The revised leasing and financing terms agreed were amongst the first significant set of permanent terms agreed globally between an airline and its leasing and financing counterparties post-pandemic.
John Mowry, managing director with Alton Aviation Consultancy, adds: “We’re pleased to have had the opportunity to support Bain Capital, and for Airfinance Journal to have recognized Bain Capital’s investment along with the work of Alton Aviation Consultancy, Herbert Smith Freehills, Korda Mentha and other professional advisors that contributed to the transaction.”
The Deal of the Year Awards are held annually by Airfinance Journal and celebrate the most innovative transactions, teams, and individuals in aviation finance. Alton Aviation Consultancy and Herbert Smith Freehills, in conjunction with other advisers, advised Bain Capital on all fleet related matters.
In addition to the M&A Deal of the Year award, Alton Aviation Consultancy provided advisory and/or transaction support services related to three deals of the year in other categories that were recognized at the ceremony.
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About Alton Aviation Consultancy
Alton Aviation Consultancy is a global advisory firm serving the aviation and aerospace industries. The firm was founded by veteran aviation industry executives, globally recognized for their thought leadership, quantitative analytics, and innovative solution development. The firm offers full value chain coverage with clients including airlines, manufacturers, MRO and aftermarket service providers, lessors and the broader financial and investment community.
With offices in New York, Dublin, Hong Kong, Beijing, Tokyo, and Singapore, Alton’s diverse team of professional advisors bring a global perspective with deep regional expertise across the entire aviation value chain to its client engagements. Typical client engagements include strategy and business plan development, operational performance improvement, restructuring, and transaction support.