Profiles of Principals
- Keith McMullan – Partner
- Over 28 years experience in transport economics originally in the shipping industry then from 1988 in aviation. Managing Director of Avmark International from 1991 to 1996 and editor of The Aviation Economist for 10 years. Founded Aviation Economics in 1997.
- Expertise in aviation strategy, forecasting and financial projects, leader on major consultancies for airlines, financial institutions, manufacturers, the European Commission
- Record of successful business planning for start-up airlines.
- Graduated in Economics from the University of Sussex and holds further qualifications from the Université de Toulouse and the London School of Accountancy. Email: kgm@aviationeconomics.com
- Tim Coombs – Partner
- Over 25 years experience in the aviation industry - prior to Aviation Economics, at NatWest investment bank, initially in the top-ranked transport equity research team and then in the transportation investment banking team. Also held positions in the marketing department of British Aerospace and with consultancy firm Avmark.
- Expertise in financial and valuation analysis, privatisation, airline alliances, and financial restructuring.
- BSc in Transport Planning and Operation from the University of Aston in Birmingham and is a member of the Chartered Institute of Transport. He joined Aviation Economics in October 1998. Email: tdc@aviationeconomics.com
- James Halstead – Senior Associate
- Over 30 years experience in the aviation industry. Top ranked aviation equity research analyst at investment banks in London (including HSBC James Capel, Salomon Brothers, Swiss Bank Corporation, Credit Agricole).
- Global aviation coverage including involvement in the secondary marketing, primary IPOs/capital raising and advisory of and to (among others) British Airways, Cathay Pacific, Singapore Airlines, MAS, Lufthansa, Air France, KLM, Alitalia, Finnair, Air New Zealand, GPA, Qantas, Britair and Debonair (of which he was a main board Director), BAA, Copenhagen Airports, Amsterdam Schiphol.
- Expertise in financial modelling, valuation analysis, macro economic forecasting
- MA in Classics from the University of Cambridge Email: jch@aviationeconomics.com
- Larry Stanley – Senior Advisor
- Former Chief Executive of Aer Lingus, who led the airline’s survival/turnaround plan
- Headed up Aer Lingus’s highly successful Subsidiaries division and was also Chairman of Team Aer Lingus, Airmotive Ireland, Futura International Airways, Irish Helicopters and Parc Group.
- Also served as Chief Executive of Bahamasair in Nassau and as a Board member at Futura International Airways Email: ljs@aviationeconomics.com
- Robert Cullemore – Associate Consultant
- Over ten years’ experience in investment banking, equity research and aviation consultancy, particularly Mergers and Acquisitions and privatisation projects
- Led advisory team established to provide market information to the EU on matters relating to Open Skies and market evaluation for several transport mergers pre and post-announcement, including the Air France-KLM merger
- Specialist in strategic planning and financial modelling Email: rkc@aviationeconomics.com
- Nicholas Kourouvakalis – Associate
- Athens-based Associate responsible for Greek, Balkan and Near East projects
- Former Managing Director of Greek charter airline
- Graduated from Cornell University and achieved MBA from Embry Riddle Email: ndk@aviationeconomics.com
- Fazrul Adri Roslan – Senior Analyst
- Top ranked postgraduate at Cranfield University MSc in Airport Planning & Management
- BAEM in Aerospace Engineering and Mechanics, University of Minnesota, USA Email: far@aviationeconomics.com