Specialist Aviation Services Limited (“SAS”) provided essential air ambulance support to charities across Southern England, including pilot training, ground operations, engineering services, and helicopter maintenance. Despite the critical nature of its operations, the business had been loss-making for several years. With no further funding available from the owner, SAS faced the risk of closure - threatening the continuation of life-saving services. FRP was engaged to lead an accelerated sale process within just eight weeks, ahead of the business running out of funds. Preserving a critical emergency air ambulance service
Overcoming operational challenges under pressure
Securing a successful sale and continued mission
FRP launched a targeted sale process while simultaneously consulting with key stakeholders, including the Civil Aviation Authority (CAA), to ensure regulatory and operational continuity. Coordinating an orderly transition of such a vital service under extreme time pressure was without precedent. As the process unfolded, it became clear that more time was required for the necessary due diligence, stakeholder engagement, and contractual negotiations. To protect operations during this period, FRP supported management in securing short-term funding from two charity customers, ensuring the business could continue trading.
With interim funding in place, FRP led the business through a complex and collaborative sale process that ultimately secured a suitable buyer. The transaction ensured the uninterrupted delivery of emergency air services and safeguarded over 180 jobs. This outcome not only preserved a vital public service but also provided a platform for long- term operational stability. In recognition of the work undertaken to achieve a successful outcome under extreme time constraints, FRP’s role in the case was awarded by The IFT in October 2024.
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