An aviation services company facing receivership flies to new heights
Fly-Port, an aviation services company in business for 8 years was failing and moving towards receivership. Scaling abruptly, and grappling with operational controls cash-flow had fallen to untenable levels. Remedial measures were needed to ensure survival while evaluating operations and any future strategy. Fly-Port were referred to Lavan by their corporate attorney. A business assessment with recommendations rapidly emerged to a dual plan of attack. A short-term plan was created including: a capital solution structured to lock in liquidity, executing highest priority quickest wins, closure of unprofitable stations, equipment redeployment to core ports, outsourcing administrative tasks, PEO engagement for improved benefits, cost reductions and various red flag risk mitigating projects carried out - All with an eye towards more extensive, progressive strategic plans.
An experienced consultant helped Fly-Port view, and work on the business with a renewed clarity, and remain myopically focused on essential tasks for the highest impact. With support a more cohesive leadership team evolved, collectively accountable and unified. As focused work was carried out, control was systematically gained back, and a disciplined progress drove net margins to increase above the Industry mean within 2 years. A framework and way of operating through ROSE, was instilled improving organizational health for a more predictable future.