National Air Cargo Holdings

National Air Cargo Holdings

Financial advisor to National Air Cargo Holdings, Inc. (d/b/a National Airlines) in connection with a potential sale of a minority shareholder interest to a China-based airline, Hainan Airlines Group. National Airlines is a Part 121 certified air carrier that provides air cargo, freight forwarding, chartered passenger service and scheduled passenger service to both domestic and international destinations. A valuation analysis was conducted and valuation opinion issued in connection with the fair value of the company’s common stock.