“Michael not only understands the commercial aspects of VIP jet operations but has a precision focus on safety and maintenance.  This hands-on experience is invaluable as it instils instinctive trust,” said Robin Dunlop, founding partner, ALTEA. 

Remarking on his appointment, the consulting firm said that in addition to his vast network within the VIP aviation industry, Michael Hoby Andersen brings extensive technical and operational experience to ALTEA, particularly in aircraft acquisitions and sales.

“ALTEA has the ability to engage with customers from all angles” said Andersen while commenting on why he joined the firm. “We offer one of the strongest support structures across asset management, financial solutions, design, and completions to guide and inspire owners and operators across the worldwide bizjet market.  This is what sets us apart, and it is what attracted me to join the business.”

Andersen recently facilitated the off-market sale of a Global 6000 for ALTEA.

Dunlop said that despite opportunities in sustainability initiatives, digital transformation, and market growth, the firm’s strength lies in personalized services for specific client needs.

We can help our customers – private individuals, banks, corporations and governments – navigate careful and strategic investments in the sourcing, purchase and completion of all sizes of aircraft, added Dunlop.

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Dunlop told Corporate Jet Investor: “We think in such uncertain times there could be more activity to come in terms of alternative financing and private investors. The market place holds some distressed organisations, they need alternative sources of cash and restructure. We can support those that are looking in on business aviation with a view to long-term investment.”

Fellow founding partner Andrew Butler said the Ares-Bombardier refinance is just one of a number of asset restructuring projects that ALTEA is working on “behind the scenes”.

Dunlop revealed to Corporate Jet Investor ALTEA is currently aiding a start-up OEM develop a new aircraft: “We can’t reveal too much but yes, we are supporting the activity with a start-up OEM who are developing a regional aircraft. It will support the move towards hybridisation of alternative propulsion fuel.”

Back with the Bombardier loan, Dunlop pointed to some unique challenges in working out the project. “There were challenges, so – yes, in the sense that there was very little transaction activity going on. We therefore needed to investigate previous downturns in the industry and look at the effects on asset values. We made assumptions that enabled our customer to move forward with confidence.”

Meanwhile, ALTEA has appointed Angus von Schoenberg as a new partner. Recognised as a regional aviation expert, von Schoenberg will work with ALTEA clients as well as continuing as industry officer with regional aircraft lessor TrueNoord.

Jean Sémiramoth, ALTEA co-founder, said, “More than ever, COVID-19 is forcing the industry to focus on finance, so it is critical that you have the knowledge, but also experience to navigate increasingly complex challenges. Bringing Angus onboard simplifies and substantiates our offer to the market and enables ALTEA to expand its aviation finance credentials significantly.”

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