A 45-year-old male patient with a history of COPD and CHF is being prepared for air transport after sustaining severe chest trauma. During the airway management, which of the following is the most appropriate initial step to ensure proper airway management for this patient?
Assess and stabilize the airway
Conduct rapid sequence induction (RSI) for intubation
Administer supplemental oxygen and continuously monitor oxygen levels
Perform immediate intubation