When it’s
all at stake.

FTI Consulting is the leading global expert firm for organizations facing crisis and transformation.

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When facing your greatest challenges and opportunities

In both transformation and crisis, we work with the world’s leading corporations, law firms and private equity firms.

With our unparalleled experience, our clients call on us when their most important issues are at stake.

The leading global expert firm for crisis and transformation

GLOBAL SUCCESS STORIES

In a complex, interconnected world, our industry-proven experts serve as a trusted advisor to our clients in moments of crisis and transformation.

Crisis and Transformation

Anticipating disruption and staying ahead of change

Managing Celsa’s Historic Restructuring

After 2009, the company’s cash generation profile changed dramatically, pushing Celsa into multiple restructuring agreements — first in 2013, and again in 2018. After 2018, most debt had been traded to special situations funds and other private credit investors. In September 2022, a change in restructuring law in Spain allowed Celsa’s creditors to present a restructuring plan unilaterally — the first of its kind in Spain — converting debt into equity and fully diluting the local family office. Celsa’s creditors engaged FTI Consulting to lead the company’s transition during the in-court restructuring plan’s implementation.

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Supporting Azul Through a Successful Financial Restructuring

Established in 2008 by JetBlue founder David Neeleman, Azul was Brazil’s largest airline by departures and cities served, operating approximately 800 flights daily to more than 130 destinations. The airline built its business by focusing on smaller, underserved cities throughout the country. In late 2024, Azul faced severe financial distress driven by pandemic-related debt, currency volatility, rising fuel costs and other operational challenges. Prior to the Chapter 11 process, Azul evaluated and executed multiple out-of-court liability management initiatives as part of its efforts to strengthen liquidity and optimize its capital structure. FTI Consulting was initially engaged to assess the airline’s business plan and help it secure bridge financing before subsequently being appointed Chief Restructuring Officer (“CRO”) and deploying a global, cross-segment team to lead a highly complex Chapter 11 process.

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Elevating Creditor Recoveries in Aeroméxico’s Restructuring

After the COVID-19 pandemic triggered unprecedented declines in passenger demand, Aeroméxico filed for Chapter 11 bankruptcy to stabilize its liquidity, restructure its fleet, optimize its cost structure and strengthen its financial position. The Official Committee of Unsecured Creditors for Aeroméxico engaged FTI Consulting as an investment banking, aviation and financial advisor to advise on Debtor-In-Possession (“DIP”) and exit financing, fleet and network restructuring, creditor recoveries and the company's plan of reorganization.

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Redesigning How a Health System Operates, Contracts and Delivers Care

Rising healthcare costs are creating an inflection point for regional health systems: payers are tightening contracts, employers are demanding alternatives, and patients are making cost-driven decisions about where and how they access care. A regional health system recognized that incremental improvement wouldn't be enough — and partnered with FTI Consulting to fundamentally redesign how they operate, contract and deliver care.FTI Consulting was engaged across simultaneous workstreams — transitioning the organization's Accountable Care Organization (“ACO”) to a higher-risk, higher-reward value-based contract, overhauling ambulatory operations system-wide, executing a rapid financial turnaround of the urgent care organization, and optimizing surgical and procedural service lines — each demanding a different kind of expertise, all requiring the same disciplined execution.

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Unlocking Value for Shareholders Through the Sale of Telkom SA’s Tower Subsidiary Swiftnet

With more than 4,000 sites, the sale represented one of the largest digital infrastructure deals ever executed in the country. Additionally, Telkom SA’s listed status meant the transaction was subject to strict regulation and governance requirements, and complex carve-out, macroeconomic and national energy infrastructure headwinds threatened to compromise the deal. Our experts served as the exclusive financial advisor to help navigate regulatory complexity, operational carve-out challenges and sensitive stakeholder dynamics.

Illustration for Unlocking Value for Shareholders Through the Sale of Telkom SA’s Tower Subsidiary Swiftnet
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