ALTEA wins an International Yacht & Aviation Award and strengthens aviation financing expertise

posted on 16th September 2020 by Eddie Saunders
ALTEA wins an International Yacht & Aviation Award and strengthens aviation financing expertise

Following its success at winning the award for Interior Design/VIP Completions at The International Yacht & Aviation Awards 2020, ALTEA continues to thrive in the face of COVID-19. While many in the aviation industry struggle, ALTEA has successfully supported a major re-financing project for Bombardier and added an aviation finance expert to its eight-strong consultancy.

ALTEA consultancy services helped a group of US-based private financiers (HPS Investment Partners, Apollo Capital Management and Ares Management, close a three-year, $1billion secured-term loan facility for Bombardier. ALTEA founding partner Andrew Butler said, “The Ares-Bombardier refinance is just one of a number of high-profile asset restructuring projects that ALTEA has been working on behind the scenes.”

ALTEA has appointed Angus von Schoenberg as a new partner. Recognised as a leading regional aviation expert, von Schoenberg will work with ALTEA clients as well as continuing as Industry Officer with regional aircraft lessor TrueNoord.  This, along with over 25 years’ experience in industry, brings a wealth of understanding in the regional jet and turboprop sectors to ALTEA and its customers.

Jean Semiramoth, 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.”

The appointment of von Schoenberg underpins the extent of ALTEA’s capabilities. Butler said, “We can help owners, operators and financiers of business aircraft, regional aircraft and helicopters – faced with many difficult challenges – to protect their interests at all stages be that mission profiling, aircraft selection and purchase, interior and exterior design, finance procurement and then during the whole asset life until disposal.  ALTEA adapts the process and provide turnkey solutions, expertise and innovation to deliver success.”

Winning an International Yacht & Aviation Award for its work on a new Boeing BBJ aircraft for the State of the Netherlands, demonstrates ALTEA’s creativity in aircraft interior design. Headed up by Robin Dunlop (ALTEA co-founder and Design Director at ALTEA’s associate company, CTM Design), the ALTEA design team continues to deliver high-quality work, particularly in business aviation.