Expertise

Chris spent almost 20 years as a leading sell side analyst in the City of London where he was the
top ranked Aerospace analyst before moving to focus on transport and particularly airlines,
airports and railways and where was rated as a leading analyst in this sector too. Before that he
was employed in a number of research and analytical roles.

Whilst an analyst in the City he also worked on a wide range of corporate finance and related
assignments around M&A and raising equity and debt as well as the provision of strategic
advice. In addition to the privatisations of Finnair and Lufthansa, he participated in numerous
other share issues in the aerospace and transport sectors, including airlines, airports,
manufacturers for both large and small companies which also involved acting for and a
refinancing of Eurotunnel.

In 2002 he established CTAIRA as a specialised aviation advisory and consulting business with an
exceptionally strong research basis. Its primary focus is on civil aviation with a particular and
proven expertise that is applied to a broad spectrum of business and economic issues. CTAIRA
has worked for companies across the sector and also advised governments and regulators.

CTAIRA operates at the highest levels (generally the Board) within companies where it provides
a number of distinct but clearly inter-related activities and particularly:
Research and analysis

• Pure and applied research for clients where this often involves detailed diagnostic
  studies to identify, evaluate and understand the issues

Consulting and Advisory

• Application of experience to research and analysis to provide options and
  solutions to clients
• Provision of advice in respect of issues faced by clients or in response to particular events
• Economic and related issues including regulation

Chris has an undergraduate degree in Economics and a postgraduate degree in Labour
Economics. He is a Fellow of the Royal Aeronautical Society and a Fellow of the Chartered
Institute of Logistics and Transport where he is chair of the Aviation Policy Group; He is also a
Liveryman of the Honourable Company of Air Pilots and a Council Member of the Air League.
Chris has written a monthly column for Airline Business since May 1999; he is also a regular
conference speaker and media commentator on issues associated with the economics and
business of civil aviation and in the past on other transport sectors. He also lectures at a number
of universities. He has been and is also currently on a number of advisory boards. Between 2002 and 2007 he was a
public member of Network Rail