We expect to focus on identifying potential target companies in the aerospace and aviation services sectors with above-industry-average growth, substantial free cash flow generation, and a defensible market position with an enterprise value of $500 million to $1 billion where our management team’s operational, strategic or managerial expertise can assist in maximizing value.

David N. Siegel will serve as our chairman of our board of directors. Mr. Siegel has 30 years of experience in the aerospace and aviation industries. He currently serves as executive chairman of Sun Country Airlines, an ultra-low-cost carrier (“ULCC”), which he joined in April 2018, and as chairman of Volotea, a Spanish low-cost airline, which he joined in April 2018.  

Paul W. Hobby will serve as CEO and director. He is a founding partner at Genesis Park LP, a Houston-based private equity firm specializing in growth businesses, distressed situations and public company carveouts. Mr. Hobby maintains extensive relationships with industry-leading aviation executives, private equity firms, family offices and privately owned businesses across the aerospace and aviation sectors.

(Note:  The size of this SPAC IPO was trimmed to 15 million units at $10 each, down from 20 million units at $10 apiece, in an SEC filing dated Nov. 17, 2020.)