Publication

Restructuring in the aviation sector: what does the future hold?

In a new publication, we discuss the impact of COVID-19 on global aviation.

The aviation industry in the UK is both highly valuable and highly fragmented, and for civil aviation these are turbulent times. With border closures and travel restrictions forcing leading manufacturers to suspend operations, close production sites and cut thousands of jobs worldwide, many are predicting a further wave of restructurings throughout the industry.

In our latest publication, Restructuring Advisory Partners, Andrew Sheridan and Phil Armstrong, explore the challenges facing global aviation manufacturers and the supply chain companies, as well as smaller supply chain companies in the industry, and what the future may hold.

Drawing on their extensive sector insights, Andrew and Phil’s analysis includes the unprecedented impact on civil aviation brought about by the COVID-19 crisis, as well as expectations that it will be at least 2024 before the industry rebounds to pre-COVID levels. They also look at what implications the contraction in demand, coupled with the inevitable post-Brexit changes to the UK’s global trading relationships, will have for the sector.

Click the image below to read our aviation publication.


 

FRP have undertaken a number of assignments in the sector both pre and post-COVID helping clients assess options, and have lead successful negotiations with global customers such as Rolls-Royce and Safran. For businesses currently facing challenges, our team work closely with sector specialist interim and turnaround experts to ensure we deliver both operational and financial turnaround solutions. Options might include Company Voluntary Arrangements (CVAs) which can offer a route to rehabilitate companies while optimising value and outcomes for stakeholders. FRP have also advised businesses in the sector seeking acquisition opportunities.

Related team

Andrew Sheridan

Andrew Sheridan

  • Partner
  • Restructuring Advisory
  • Bristol

Phil Armstrong

Phil Armstrong

  • Partner
  • Restructuring Advisory
  • London