Michael Wheet
Managing Director


Michael Wheet recently joined Frasca & Associates as a managing director. He possesses a wealth of airport financing experience, having worked as senior managing underwriter or financial advisor over the last 20 years on many of the largest airport capital development programs in the country. His banking experience includes stints with Lazard Freres and Co., Citigroup (now Citi) and, most recently, Merrill Lynch & Co., where he headed the airport finance group. His aggregate airport financing experience exceeds $15 billion. At his prior firms, he served as lead banker on transactions for the Miami-Dade International Airport, Greater Orlando Aviation Authority, San Francisco International Airport, Chicago O?Hare and Midway Airports, Dallas-Ft. Worth International Airport, Metropolitan Washington Airports Authority, Burlington International Airport, Detroit-Metro International Airport, Austin-Bergstrom International Airport, Raleigh-Durham International Airport, Denver International Airport, T.F. Green Airport, Augusta Regional Airport, Hartsfield-Jackson Atlanta International Airport, the Port of Oakland, (operator of Oakland International Airport) and San Diego International Airport and commercial paper programs/VRDO programs for MWAA, Miami-Dade International Airport, San Francisco International Airport and Chicago O'Hare Airport. He has been involved in a range of transactions of all types, including those secured by PFCs and CFCs, fixed and variable rate financings, special facility transactions, and transactions involving the use of swaps His experience provides him with a detailed knowledge of the legal and credit issues associated with first time market entrants, having worked on the inaugural bond sales for several airports, including MWAA, San Diego, Raleigh-Durham, Augusta, Burlington, Des Moines and Austin-Bergstrom airports.

In addition to his work as an underwriter of airport debt, he has extensive experience as a financial advisor to airports, having provided such services to MWAA at its inception, Denver International Airport, San Francisco International Airport, Chicago O'Hare International Airport, Miami-Dade International Airport, Pittsburgh International Airport and, most recently, as a member of the team of bankers providing financial advisory assistance to GOAA.

Mr. Wheet is a graduate of Harvard University (A.B. with honors) and the University of Pennsylvania School of Law (J.D.). A resident of Washington, D.C., he is a Mayoral appointee to the D.C. Housing Finance Agency, where he served as chairman for the last two years. He has been involved as a speaker and panelist at various conferences on airport finance sponsored by both the ACI-NA and the AAAE.

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