January 22, 2007 - Leonidas

0122Final1421 technical, financial and technical services practice22 is divided in two parts, one is just strictly the23851 technical side, the tangible asset management,2 tangible asset valuations, maintenance, process3 efficiencies.4 On the other side is myself, on the5 financial support side, and we, my group does a lot6 of due diligence activities for investors, for7 equity firms or hedge funds.8 We do restructuring plans for distressed,9 if you will, and/or bankrupt carriers. We do10 intangible asset valuations, which have been doing11 quite a bit of recently for the distressed carriers.12 Beyond that I the get involved in strategic and13 tactical planning assignments on more or less a14 global basis.15 Q Who are some of the clients you have done16 this work for?17 A Well, most recently, I suppose, there has18 been a number of investment banks, J.P. Morgan,19 Citicorp, GE Commercial Finance. We have done them20 for small private equity firms that have made21 investments in the airline industry outside the U.S.22 In the U.S., we have done it for investment firms,23861 foreign based investment firms that have made2 investments in MROs and start-up airlines overseas.3 Q Have you testified in legal proceedings4 before?5 A I have testified in several, the last ofPage 44