PwC provided a wide range of services to aviation companies including review of cash burn, sell-side advisory, and financial due diligence

Due to the covid-19 pandemic started in 2020, the aviation industry faced an unprecendented crisis. Accordingly, the government promoted to establish industry support plans, financial supports and aviation industry reorganization plans through industry stabilization funds and financial institution agreements to strengthen the aviation industry's basic competitiveness. 

PwC Korea provided a wide range of services to aviation industry focusing on airlines including a review of cash burn at Jeju air, pre-M&A review for Korean air and Asiana air, sell-side advisory for T'way Air, and financial due diligence of Eastar Jet based on extensive experience and expertise for successful transformation of the aviation industry. 

Airline industry is extremely sensitive to external factors including global economic conditions, equipment operation plans, exchange rates, oil prices. In addition, its fares and route schedules that derive revenue and profit are heavily influenced by route competition, travel propensity by country and government's policy. Since Covid-19, airlines face both risks and opportunities such as fluctuations (stabilized demand after unusual surge) in cargo traffic demand and passenger demand with re-opening of countries and airlines are required to respond timely to market changes. 

With its accumulated experience, know-how and resources, PwC Korea deal team is dedicated to addressing clients' needs by delivering tailored solutions for each client from LCC to large airlines with the optimal results. 

The PwC deal team was led by Chi-Hong Park and Ji-San Kim.