Aviation Investment Banking Q4 2020 & Year-End Update OUR TEAM Aviation Investment Banking James S. Cassel Scott E. Salpeter Joseph “Joey” Smith Chairman President Director, Aviation
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[email protected] 305-438-7706 Relevant Experience: Relevant Experience: Relevant Experience: ▪ Investment banking for over 24 years ▪ Investment banking for over 24 years ▪ Investment banking for over 20 years Representative Assignments: Representative Assignments: Representative Assignments: Bankruptcy Airlines Valuation MRO Capital Raise Aviation Services §363 Sale Bankruptcy Airlines Valuation MRO Capital Raise MRO §363 Sale M&A Sale MRO Solvency Opinion Freight & Logistics Capital Raise Distribution Valuation MRO Philip Cassel Ira Leiderman Deborah Aghib Margery Fischbein Managing Director Managing Director Managing Director Managing Director Marcus Wai Chris Mansueto Laura Salpeter Julian Astrove Edward Kropf Tahz Rashid Vice President Vice President Vice President Associate Associate Analyst Includes projects by our professionals at prior firms. 1 Aviation Investment Banking I AEROSPACE & DEFENSE REVIEW II M&A & PRIVATE PLACEMENTS REVIEW III PUBLIC MARKETS REVIEW 2 FLY AWAY & GOOD RIDDANCE 2020 Aviation Investment Banking The aviation industry faced extraordinary challenges in 2020. As COVID- For this 4th Quarter and Year-End, we believe that the trends continue to 19 spread, the travel industry was among the hardest-hit as governments be worrisome, despite the positive Thanksgiving and Christmas/New Year closed borders and businesses went virtual. With 2020 in the rear-view holiday travel bumps. Although 2021 will offer a vast improvement, with mirror, we want to revisit our 2020 updates and theses along with some the aggressive rollout of the various COVID vaccines, we continue to of the aviation industry’s most notable events of the year: believe that the full recovery of the aviation ecosystem will be pushed out to 2022-2023.