FTI Consulting Enhances Aviation Capabilities with Two Senior Commercial and Fleet Strategy Experts

Rhea-AI Summary

FTI Consulting (NYSE: FCN) has expanded its global Aviation practice by appointing Stephen Strange as Senior Managing Director and David Walfisch as Managing Director. With over two decades of experience, Strange will focus on commercial strategy, fleet planning, and growth. Walfisch, with 16 years in the field, will emphasize business planning and sustainability. These appointments align with FTI’s commitment to enhance commercial strategy and sustainability within aviation. The company aims to equip clients with comprehensive solutions to navigate regulatory challenges, supply chain constraints, and workforce shortages.

Positive

• FTI Consulting has expanded its Aviation practice by appointing experienced professionals, enhancing its capabilities.
• Stephen Strange brings over two decades of expertise in commercial strategy and fleet planning.
• David Walfisch offers 16 years of experience, focusing on sustainability and broader strategic objectives.
• The appointments align with FTI Consulting’s mission to deliver comprehensive, sustainable growth solutions.

Negative

• The aviation industry faces a challenging regulatory environment and supply chain constraints.
• The sector is dealing with workforce shortages and sustainability objectives that add to operational complexity.

WASHINGTON, June 24, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the continued expansion of its global Aviation practice with the appointments of Stephen Strange as a Senior Managing Director and David Walfisch as a Managing Director.

“The aviation industry faces a challenging regulatory environment while confronting supply chain constraints, workforce shortages and sustainability objectives,” said Martin Kuehne, newly appointed leader of the Business Transformation offering within the global Aviation practice, which he co-leads with Marc Bilbao, and Co-Leader of the Human Capital practice at FTI Consulting. “Steve and David bring a level of expertise in strategy and business planning that complements our existing capabilities, allowing us to provide a full suite of services to our aviation clients through each step of their business cycle.”

Mr. Strange, who is based in San Francisco, has more than two decades of experience in the aviation industry, focusing on commercial strategy, fleet planning, aircraft acquisition, operations, turnarounds and transformation. In his role at FTI Consulting, Mr. Strange will help clients with commercial strategy and growth plans, while continuing to advise airlines on new aircraft acquisitions.

Commenting on his appointment, Mr. Strange said, “The aviation industry is continually facing new pressures. My goal has always been to help clients navigate these complex situations and make prudent decisions. I look forward to working alongside my colleagues at FTI Consulting as we provide airline leadership teams with strategic guidance related to their growth, fleet, supply and technology challenges, and help incorporate sustainability mindsets into their businesses.”

Mr. Strange joins FTI Consulting from Accenture, following that firm’s acquisition of Seabury Consulting, where he served as a Managing Director. Prior to that, he spent six years in supply chain and customer finance roles at Boeing.

Mr. Walfisch, who is based in New York, is a commercial and fleet strategy expert with more than 16 years of experience in the airline industry. At FTI Consulting, he will support clients through business planning, fleet acquisition campaigns and cost reduction efforts. Mr. Walfisch has extensive experience in aviation industry sustainability and will continue to help clients work toward sustainability goals while focusing on broader strategic objectives. Prior to joining FTI Consulting, Mr. Walfisch was a Principal Director at Accenture, joining the firm as part of the acquisition of Seabury Consulting.

The arrival of Mr. Strange and Mr. Walfisch boost FTI Consulting’s investment in its global Aviation practice, following the appointment of Senior Managing Director Frank Martin earlier this year. Experts within the practice provide clients with in-depth functional capabilities in human capital, commercial, network, ground operations, capital raise, airline-related business entities and aerospace.

“Over the last several years, FTI Consulting has made significant investments in aviation industry talent, building a robust holistic offering to transform and improve aviation performance,” said Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting. “As businesses navigate the evolving landscape and ever-changing demands, these appointments underscore the firm’s commitment to further enhancing our capabilities in commercial strategy, fleet planning and sustainability within aviation and align seamlessly with our mission of delivering comprehensive solutions that drive sustainable growth and operational excellence for our clients."

About FTI Consulting  
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,000 employees located in 33 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. More information can be found at www.fticonsulting.com.   

FTI Consulting, Inc.  
555 12^th Street NW  
Washington, DC 20004  
+1.202.312.9100 

Investor Contact:  
Mollie Hawkes 
+1.617.747.1791 
mollie.hawkes@fticonsulting.com 

Media Contact:  
Samantha Ford
+1.617.480.7402
samantha.ford@fticonsulting.com

FAQ

What recent appointments has FTI Consulting made in its Aviation practice?

FTI Consulting recently appointed Stephen Strange as Senior Managing Director and David Walfisch as Managing Director in its Aviation practice.

Who is Stephen Strange, and what is his role at FTI Consulting?

Stephen Strange is a Senior Managing Director at FTI Consulting, focusing on commercial strategy, fleet planning, and growth in the aviation sector.

What experience does David Walfisch bring to FTI Consulting?

David Walfisch has 16 years of experience in the airline industry, specializing in business planning, fleet acquisition, and sustainability.

How do the recent appointments align with FTI Consulting's strategic goals?

The appointments enhance FTI Consulting's capabilities in commercial strategy and sustainability, aligning with its mission to drive sustainable growth and operational excellence.

What challenges is the aviation industry facing according to FTI Consulting?

The aviation industry is facing regulatory challenges, supply chain constraints, workforce shortages, and sustainability objectives.