Professionals from Capstone Partners’ Financial Advisory Services (FAS) group provided financial advisory and interim management advisory services to Arajet S.A., a start-up low-fare commercial airline based in the Dominican Republic.
Arajet, a portfolio company of Bain Capital, has leased five new Boeing 737 MAX aircraft with another three on the way and a direct order for 20 new Boeing 737 MAX beginning in 2024. Using its value-priced service model to build a strategic connecting hub, Arajet plans to capture a large portion of the Caribbean and Latin American commercial aviation market.
“It was a pleasure working with the Arajet team and being part of the exciting opportunity to create an airline opening new markets and expanding existing markets through establishing a ULCC servicing North, Central, South America, and the Caribbean,” said Frank Hundley, a Managing Director in Capstone’s Financial Advisory Services (FAS) group, who led the engagement.
About Capstone Partners’ Financial Advisory Services Group
Capstone’s FAS Group specializes in enterprise-wide solutions aimed at performance improvement and increased shareholder value, including Transaction Advisory, Business Advisory, Special Situations Investment Banking, Turnaround and Restructuring Advisory, and Insolvency services.
We concentrate on solutions that will build enterprise value and deliver superior results to our clients. Our professionals utilize a proven methodology that emphasizes close and quick examination of the organization’s strategy, financial functions, operational performance, and business plans. We provide an objective assessment of the causes of any under performance and develop improvement initiatives tailored to each unique situation.
About Arajet S.A.
Arajet is the first low-fare airline in the Caribbean region and started operations in September 2022 from its base at Las Americas Airport in Santo Domingo, under its airline operator certificate (AOC) from the Dominican Republic. Arajet will operate a new fleet of Boeing 737MAX-8 aircraft that provide safe and affordable travel to and from the Dominican Republic to several destinations in North, Central and South America, and the Caribbean region.