News & Announcements

November 7, 2011

Seabury Advisors Holdings LLC Executive Management Promotions & Reorganization

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced the promotion of several executives of its principal subsidiary, Seabury Advisors Holdings LLC, and the resultant reorganization of its management group.

November 7, 2011

Greg Durst joins Seabury Americas Consulting as Executive Director

Seabury Group LLC, global investment banking, management advisory and investment management firm, announced that Mr. Greg Durst has been appointed Executive Director of the Americas Consulting practice area.

September 30, 2011

Seabury Group Announces the Transfer of Shannon Attari, Investment Banking Division

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that our newly appointed Vice President, Shannon Attari will be transferring to our London Office.

May 9, 2011

John McCulloch, Former CEO oneworld alliance Named Senior Principal

Seabury Group LLC, global investment banking, management advisory and investment management firm, today announced that Mr. John McCulloch has been appointed Senior Principal.

March 23, 2011

Seabury Group Announces Promotions within its Corporate Advisory, Investment Banking Division

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced the promotion of several key members of its Corporate Advisory, Investment Banking Division.

March 23, 2011

Seabury Group Announces Promotions within its Aircraft Advisory Group, Investment Banking Division

March 23, 2011

Seabury Group Announces Promotions within its Investment Banking Division

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced the promotion of two key members of its Investment Banking Division.

March 21, 2011

James F. Bohlman Named Managing Director, Consulting – Americas

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that James F. Bohlman has joined its Consulting practice as Managing Director, Head of Americas Consulting and Expert Practices. Mr. Bohlman brings over 20 years of management consulting, investment banking and restructuring advisory experiences to Seabury.

February 21, 2011

Tim Hammond Named Managing Director, Investment Banking, London

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that Mr. Tim Hammond has joined its London office as Managing Director in Investment Banking covering aviation, infrastructure and other related areas of transportation. Mr. Hammond is a seasoned industry leader with more than 20 years experience in investment banking and corporate advisory roles within the aviation and infrastructure industries.

December 28, 2010

Lynn Brubaker Joins Seabury Group's Board of Advisors

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that Lynn Brubaker has joined Seabury's Board of Advisors. Ms. Brubaker, had previously served as a Senior Advisor at Seabury, is well known in the aerospace and aviation industries from executive positions with Honeywell International’s Commercial Aerospace and McDonnell Douglas Corporation.

December 22, 2010

Seabury Group Promotes Maile Topliff To Chief Administration Officer

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that Maile Topliff has been promoted to Chief Administration Officer for the company. Topliff will be responsible for the firm’s global administration group including Human Resources, Communications & Information Technology.

September 22, 2010

Seabury Group Names Walter Skowronski to Board of Advisors

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that Walter Skowronski has joined the Seabury’s Board of Advisors. Skowronski retired from Boeing Capital Corporation (BCC) where he has served as BCC’s chief executive and a Senior Vice President of The Boeing Corporation.

August 4, 2010

Seabury recognized for advisory contributions at ExpressJet

ExpressJet Holdings, Inc. (NYSE: XJT), parent company of regional and charter airline operator, ExpressJet Airlines, Inc., today announced that it signed a definitive merger agreement with SkyWest, Inc. (Nasdaq: SKYW) whereby SkyWest, Inc. will acquire all of the outstanding common shares of ExpressJet for $6.75 per share in cash subject to the conditions of the definitive merger agreement. SkyWest, Inc. advised that its intention is that ExpressJet Airlines will be merged with its wholly-owned subsidiary, Atlantic Southeast Airlines following the closing of the transaction and receipt of all required regulatory approvals.

August 4, 2010

Seabury recognized for advisory contributions at Cathay Pacific

Cathay Pacific Airways announced today that it has entered into a letter of intent with the Airbus Company to buy 30 Airbus A350-900 aircraft. The airline has also expressed its intention to exercise existing purchase rights in respect of six Boeing 777-300ER aircraft.

August 2, 2010

Seabury Group’s SGI Aviation Gains European Aviation Safety Agency Approval

Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that SGI Aviation Group B.V. (SGI), a Seabury Group company, has been successful in securing European Aviation Safety Agency (EASA) Part 21 Design Organization approval.

June 7, 2010

ExpressJet Announces Operation: Green Light Plan

ExpressJet Holdings, Inc., parent company of regional and charter airline operator, ExpressJet Airlines, Inc., today announced the details of the first step of its multi-phase Operation: Green Light. ExpressJet expects the initial step of this Plan to provide up to $40 million in run-rate cost savings.

March 15, 2010

SeaCap Partners ‘Solutions’ Making Gains with Registered Investment Advisors

Seabury Group today announced that its strategic advisory and merchant bank unit, SeaCap Partners has been selected to provide its human capital solutions services to the following Registered Investment Advisors (RIAs): Heritage Financial Services of Norwood, MA; Retirement Planning Group of Overland Park, KS; and Niemann Capital of Scotts Valley, CA. The services being provided to these RIAs and others across the country address a variety of business components including recruitment and retention as well as ownership structure and compensation models.

February 22, 2010

Seabury Adds Staff to Support Growth of Investment Banking & Financial Restructuring

Seabury Group LLC, a global advisory and investment management firm, today announced that Jonathan Montbach and Omar Mirza have joined the firm as Vice President, Investment Banking and Restructuring. They will contribute as part of Seabury’s growing Investment Banking and Restructuring practice with a focus outside of the firm’s traditional Aviation and Aerospace sectors.

January 20, 2010

Seabury Cargo Advisory Presents Launch Customers of Global Ocean Database

Seabury Cargo Advisory today announced a positive reception by customers for its new Global Ocean Database. This new analysis tool provides insight into global ocean trade volumes per commodity type, in weight and number of TEU. Seabury Cargo Advisory is a practice area of Seabury Group's Consulting Division which is part of the largest global investment banking and advisory practice serving aviation, aerospace, and cargo.

December 1, 2009

Seabury Group Completes Merger with Organizational Concepts International Adding Human Capital Expertise

Seabury Group, a global advisory and investment management firm, has completed its merger with Minneapolis-based, Organizational Concepts International LLC (OCI). This expands Seabury’s ability to address human capital issues for its clients by helping companies realize the full potential of their people at every level, including organizational development, talent management and labor productivity.

November 24, 2009

US Airways Completes Major Liquidity Improvement Program

US Airways (NYSE: LCC) announced today it has completed a series of transactions with key business partners designed to improve its near-term and future liquidity. The Company will significantly reduce capital expenditures over the next three years, eliminate the need to access aircraft finance markets in 2010 and extend certain debt maturities. These transactions improve projected year-end 2009 liquidity by approximately $150 million and generate, in aggregate, approximately $450 million of projected liquidity improvements by the end of 2010.

October 5, 2009

Seabury Adds Investment Banking and Corporate Restructuring Expert Lorie Beers

Seabury Group LLC, the leading independent transportation-focused investment banking and advisory firm, today announced the appointment of Lorie R. Beers as Managing Director, Investment Banking and Restructuring with responsibility for non-aviation and aerospace restructuring. The addition of Ms. Beers supports Seabury’s interest in building on its successes in non-aviation fields including apparel, consumer services, distribution, financial services, gaming and manufacturing concerns.

August 21, 2009

Frontier Airlines Plan of Reorganization Confirmed by Bankruptcy Court

Frontier Airlines Holdings, Inc. (OTCBB: FRNTQ) announced today that the Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization.

August 13, 2009

Frontier Announces Republic Airways Holdings as Winner of Auction

Frontier Airlines Holdings, Inc. (OTCBB: FRNTQ) today announced that Republic Airways Holdings, Inc. (NASDAQ: RJET) has been declared the winning bidder in the auction to acquire Frontier. The auction was conducted under procedures established in Frontier’s Chapter 11 bankruptcy cases.

July 29, 2009

Air Canada raises $1.02 billion

Air Canada today announced that it has entered into arrangements to raise a total of CAD $1.02 billion in additional liquidity through a series of financings and other transactions with certain lenders and key stakeholders. "By any measure, raising $1 billion in new liquidity is a tremendous achievement, particularly in view of current credit markets and the state of the airline industry," said Calin Rovinescu, President and Chief Executive Officer. "This positive outcome was the result of the determined efforts of our leadership team and support of our key stakeholders, including our employees, retirees, unions, major shareholder, key aircraft lessors and suppliers, loyalty partner and others.

June 23, 2009

AEA and Seabury Form Strategic Alliance

The Association of European Airlines, an association of Europe’s leading network airlines, announced today that it had signed a partnership agreement with Seabury Aviation & Aerospace LLC, the largest global investment banking and consultancy group serving aviation, aerospace and cargo.

June 10, 2009

Seabury Announces Board of Advisors for Aviation & Aerospace Practice

Seabury Aviation & Aerospace LLC today announced that it has formed a Board of Advisors to provide Seabury and its investment bankers, top-tier strategy consultants and technical experts with expertise on macro trends in the aviation and aerospace industries.

May 21, 2009

Southwest Implements Seabury’s Airline Performance Analysis System (APAS) for Flight Profitability Analysis

Seabury Solutions LLC and Southwest Airlines (NYSE: LUV) today announced that Southwest has implemented Seabury’s Airline Performance Analysis System (APAS), a decision-support tool that measures the operational and financial performance of individual flights.

May 12, 2009

Securitization of Senior Life Settlements

April 29, 2009

Aviation Finance Executive Heinrich Loechteken Joins Seabury

Seabury Aviation & Aerospace LLC today announced that Heinrich Loechteken, former Chief Investment Officer of AerCap, has joined the firm as Senior Advisor. Mr. Loechteken, whose background includes executive positions with DaimlerChrysler Capital Services and Deutsche Bank, will advise Seabury’s clients in the areas of aircraft financing and leasing.

April 21, 2009

Seabury Announces New Maritime Finance Executive

Seabury Group LLC today announced that David M. Kanter has joined the Seabury Maritime Investment Banking Group as a Managing Director. Mr. Kanter has more than 20 years of investment banking experience in debt and equity financing, M&A and restructuring advisory with ABN AMRO Incorporated and Lazard Frères & Co. LLC. He will report to Randee Day, Head of the Seabury Maritime Investment Banking Group.

April 15, 2009

Aerospace Industry Executive Lynn Brubaker Joins Seabury

Seabury Aviation & Aerospace LLC today announced that Lynn Brubaker, former Honeywell International and McDonnell Douglas Corporation executive, has joined the firm as Senior Advisor. Ms. Brubaker will work with Seabury aviation and aerospace clients, providing them with the benefit of her 30 years of industry experience.

November 11, 2008

Former Cathay Pacific Airways CEO David Turnbull Joins Seabury as Chairman of Seabury Asia

Seabury Group LLC (“Seabury”) today announced that it has formed a Hong Kong subsidiary, Seabury Aviation & Aerospace Asia (Hong Kong) Ltd. (“Seabury Asia”) with its principal office in Hong Kong, and that aviation and shipping executive David Turnbull has joined as Chairman of that entity.

October 29, 2008

Seabury Cargo Partners with Innovata to Offer First Cargo Capacity Database

Seabury Cargo Advisory today announced that it is the first company to offer customers a dedicated cargo capacity analysis tool. Seabury’s Capacity Database provides air cargo capacity per route and airline on a global basis. This aircraft-specific data on global capacity helps users make better decisions on network design and market positioning.

October 23, 2008

Seabury Serves as Financial Advisor to US Airways Group, Inc. In Completing $950 Million of Financings

Seabury Group LLC’s broker-dealer unit, Seabury Securities LLC, today announced that it served as financial advisor to US Airways Group, Inc. in securing $950 million of new financing through a series of transactions with several of the company’s strategic business partners. This follows the August 2008 successful $179 million common equity offering for which Seabury also advised US Airways.

August 20, 2008

Seabury Expands Consulting Division with 17 New Professionals

Seabury today announced that it has added 17 new professionals to its Consulting division and promoted seven more of its existing staff. This division focuses on strategy, operations and major operational turnarounds for the Aviation, Aerospace, MRO and related industries.

August 15, 2008

Seabury Serves as Financial Advisor to US Airways Group, Inc. for $179 Million Common Equity Offering

Seabury Group LLC’s broker-dealer unit, Seabury Securities LLC, served as financial advisor to US Airways Group, Inc. with respect to its public offering of 21,850,000 shares of common stock (inclusive of an over-allotment of 2,850,000 shares) at an offering price of $8.50 per share for net proceeds of $179 million, after the underwriting discount and estimated offering expenses.

August 4, 2008

Dr. Christopher Smith establishes airport advisory practice from Seabury's London office

Henri Courpron, Head of Seabury’s European aviation practice, today announced that Seabury has expanded its European presence and increased its scope of capabilities with the addition of Dr. Christopher J. Smith, Managing Director, to its Global Corporate Advisory Group.

May 30, 2008

Aerospace Industry Executive Claude-Henri Hereus Joins Seabury Group

Seabury Group today announced that Claude-Henri Hereus, an aerospace industry veteran, has joined its Aerospace Division as Vice President. He will help aerospace suppliers assess their competitive position, develop a strategy to optimize performance for their shareholders, and implement the necessary steps for growth.

April 14, 2008

Organizational Concepts International – Labor and Executive Compensation/ Search Firm – Joins Seabury Group

Seabury Group today announced that the human capital firm Organizational Concepts International (OCI) has become part of the Seabury Group. The addition of OCI will allow the Seabury Group to capitalize on OCI’s expertise in compensation consulting, workforce analytics and executive search practices for the benefit of Seabury clients, particularly in aviation and aerospace. Established in 1996, Minneapolis-based OCI is a 30-person professional organization with extensive client base in the industries of aviation, financial services, and manufacturing.

January 10, 2008

Seabury Adds 10 New Professionals to Consulting Practice

Seabury Group today announced that it has added 10 new professionals to its consulting practice and promoted five Senior Analysts to Associates. The consulting practice focuses on strategy, operational improvements and major operational turnarounds for the aviation, aerospace, cargo and other transportation industries.

October 17, 2007

Seabury Completes M&A Transaction for Futura Airways

Seabury today announced that it completed its role as financial advisor to Futura Airways, S.A., the Spanish charter airline, in an M&A transaction involving the sale of Futura to UK-based private equity firm Hutton Collins. Seabury teamed with Spanish investment bank Atlas Capital in the transaction.

September 26, 2007

Seabury Partners with XOJET to Raise $363 Million in Aircraft Funding

Seabury Group today announced that it served as financial advisor to XOJET, the world's fastest-growing private aviation company, in securing $363 million in equity, debt and aircraft lease financing from TPG and Lehman Brothers Global Principal Strategies (GPS).

August 14, 2007

Seabury Announces Promotions, Additions to Consulting Practice

Seabury today announced that it has promoted three executives and added 13 new professionals to its consulting practice, which focuses on strategy, operational improvements and major operational turnarounds for the aviation, aerospace, cargo and other transportation industries.

June 13, 2007

Henri Courpron to Head Seabury’s New Aerospace Division - Seabury Introduces Cargo Advisory and Aviation Services Businesses

Seabury today announced that aerospace executive Henri Courpron will join Seabury effective July 2007 as President of its newly formed Aerospace Division and as Regional Head for Europe, Middle East and Africa for Seabury’s broader transportation advisory practice.

May 31, 2007

Seabury Completes Financial Role in Northwest Airlines Restructuring

Seabury today announced that it has completed its role as financial advisor in the restructuring of Northwest Airlines Corporation, allowing the company to emerge from Chapter 11 bankruptcy protection. Northwest filed for Chapter 11 on September 14, 2005.

March 22, 2007

SAA Embarks on Deep and Fundamental Restructuring

South African Airways (SAA) comprehensive and fundamental restructuring process is well under way. SAA CEO Khaya Ngqula said at a press conference today that a process to "simplify, right size, re-skill and incentivize the business" with the aim of placing the company on the road to profitability, has been dramatically stepped up.

March 22, 2007

SAA Embarks on Deep and Fundamental Restructuring

South African Airways (SAA) comprehensive and fundamental restructuring process is well under way. SAA CEO Khaya Ngqula said at a press conference today that a process to "simplify, right size, re-skill and incentivize the business" with the aim of placing the company on the road to profitability, has been dramatically stepped up. "SAA has had several years of continued losses and needs a full scale restructuring to return to profitability. A profitable airline holds tremendous benefits for our customers, our staff and our country," Ngqula said.

March 22, 2007

Lorica Solutions Purchased by Hotel Technology Solutions - Industry Veterans and Equity Firms Attracted by Technology That Provides Relief to the Hospitality Industry

Hotel Technology Solutions (HTS), a company formed by Mark Holzberg and Seabury Capital, has acquired Lorica Solutions. Joining HTS as equity partners are New York based Enhanced Capital Partners and Stonehenge Capital Company. Lorica is the developer of the Lorica Room Center (LRC), a cutting edge, managed converged network specifically designed for the hospitality industry. Lorica has more than 150 hotel customers today, with brands including Marriott, Hilton, Mandarin Oriental, Choice, InterContinental and Radisson.

October 16, 2006

Seabury Strengthens Consulting Practice

Seabury today announced that its consulting practice, which focuses primarily on airline strategy development and major operational turnarounds, has expanded its capacity and capability with the addition of three professionals.

July 27, 2006

Seabury Expands Airline Investment Banking/Consulting Staff

Seabury today announced that, in order to better serve its current and growing transportation client base, it has promoted one of its European-based senior executives to the position of Executive Director and added four other executives with aviation industry experience to the firm.

February 1, 2006

Aircraft Leasing Company AerCap Completes Joint Venture with LoadAir of Kuwait for 70 New A320 Family Aircraft Firm Order Signed with Airbus

Aircraft Leasing Company AerCap Completes Joint Venture with LoadAir of Kuwait for 70 New A320 Family Aircraft Firm Order Signed with Airbus (Issued by AerCap)

January 20, 2006

Airline Finance veteran says "Labor cost savings and strengthened balance sheet are critical to fund Northwest's future Aircraft needs"

Airline Finance veteran says "Labor cost savings and strengthened balance sheet are critical to fund Northwest's future Aircraft needs" - (Issued by Northwest Airlines)

September 29, 2005

Seabury Completes Financial Role in US Airways Restructuring/Merger with America West Airlines

Seabury Group today announced that it has completed its role as financial advisor in the restructuring of US Airways Group, Inc., allowing the company to emerge from Chapter 11 bankruptcy protection and merge with America West Holdings Corporation. US Airways filed for Chapter 11 on September 12, 2004.

May 19, 2005

Seabury Serves as Financial Advisor on Proposed Merger of US Airways and America West

Seabury Group today announced that it served as financial advisor to US Airways Group, Inc. in its proposed merger with America West Holdings Corporation. As part of its advisory, Seabury arranged $350 million of equity. Seabury has been serving as restructuring advisor to US Airways in its Chapter 11 restructuring since 2004.

February 24, 2005

Former Amadeus North America Executive to Work with Seabury

Seabury Group today announced that Tony McKinnon, former president and CEO of Amadeus North America, will be assisting the firm in the role of senior advisor to facilitate Seabury’s continued expansion in the travel and travel technology areas.

February 18, 2005

Seabury Serves as Financial Advisor in MRO Industry Merger

Seabury Group today announced that it served as financial advisor to ExelTech, a Montreal, Canada-based aircraft maintenance, repair, and overhaul (MRO) provider in its merger with NordTech Aerospace Inc. of Quebec City. The combined company, ExelTech Aerospace Inc., becomes Canada’s largest publicly traded MRO company, with three aircraft maintenance facilities, 400 employees and annual revenues at a current rate of more than C$40 million.

December 10, 2004

Seabury Completes Financial Restructuring for Avianca

Seabury Group today announced that it has completed financial restructuring for Avianca, Colombia’s leading airline, allowing the company to emerge from Chapter 11 bankruptcy protection.

November 11, 2004

Former Airline Executive Joins Seabury Airline Planning Group, LLC

Seabury Airline Planning Group, LLC today announced that Michael Swiatek, former Air New Zealand executive, has joined the firm as a senior vice-president, with responsibility for advising airline and airport clients on strategic and network issues in the Asia Pacific region.

September 30, 2004

Seabury Completes Financial Restructuring Assignment for Air Canada

Seabury Group today announced that it has completed its financial restructuring assignment for Air Canada under the Companies’ Creditors Arrangement Act (CCAA).

June 14, 2004

Seabury Opens European Office To Serve Airline Clients

Seabury Group today announced that it is opening a European office in Amsterdam, The Netherlands, to better serve airline, other transportation and travel-related companies outside the United States. Senior executives with experience in airline management and consulting and investment banking will serve clients in Europe, the Middle East, The CIS, and North Africa from this base.

June 11, 2004

Seabury Broadens Transportation Practice with Addition of International Marine and Finance Executive

Seabury Group today announced that Randee E. Day, former president and CEO of Day & Partners, Inc. and head of J.P. Morgan and Company's Marine Transportation and Finance department, has joined the company as a managing director.

February 9, 2004

Seabury Announces Seven Promotions

Seabury Group today announced that it has promoted seven professionals in its investment banking/financial advisory practice.

January 29, 2004

Seabury Expands Airline Advisory Practice

Seabury Group today announced that it is expanding its advisory practice in response to growing demand in the airline industry for both hands-on airline company experience and advisory services focused on cost-reduction efforts. Four former Bain & Company consultants who have experience in both areas have joined the firm.

December 11, 2003

Former Airline Industry Executive Joins Seabury

Seabury Group today announced that Brian F. Davis, former Continental Airlines, Inc. and Boeing Company executive, has joined the firm as an associate partner, with responsibility for advising aviation and aerospace clients on aircraft acquisitions and related financial activities.

November 8, 2003

Air Canada Board of Directors Selects Victor T.K. Li For Investment of $650 Million as Equity Plan Sponsor

Air Canada's Board of Directors at a meeting today selected Trinity Time Investments, controlled by Victor T.K. Li, from the two equity plan sponsor finalists. The Agreement contemplates a $650 million equity investment, which will represent approximately 31% of the common equity in a restructured Air Canada.

October 15, 2003

Three Former Airline Executives Join Seabury

Seabury Group today announced that three former airline executives have joined the firm and will work with its airline industry clients in its consulting and technology solutions practice

September 26, 2003

Air Canada Selects Two Investment Groups for Final Phase of Equity Process

Air Canada announced today that it has selected two qualified investors to move to the final phase of the equity sponsorship solicitation process to assist in funding its emergence from court protection under the Companies' Creditors Arrangement Act (CCAA) and to provide the necessary liquidity to execute its business plan.

September 16, 2003

Former Continental Executive Joins Seabury Group

Seabury Group today announced that Barry P. Simon, former Continental Airlines senior vice president, international for the last eight years, has joined the company as a managing director in its global aviation practice. Prior to heading Continental's international operations, Mr. Simon was senior vice president, legal, and general counsel for Continental.

September 9, 2003

Travel Industry Expert Joins Seabury Group

Seabury Group today announced that 30-year travel industry veteran and former corporate travel management company president C. Thomas Nulty has joined the company as associate partner in its growing travel and transportation practice.

July 8, 2003

Seabury Announces Deal with Airline Planning Group

Seabury Group today announced that Airline Planning Group, LLC (APG), a full-service consulting firm focused on aviation, has joined the growing list of Seabury business units. The two entities bring together a wide range of expertise for the transportation industry, including investment banking, financial advisory, restructuring, airline and airport consulting services, and IT solutions.

April 2, 2003

Air Canada Retains Seabury

Seabury Group today announced that Air Canada has retained the investment bank/financial advisory firm to serve as principal restructuring advisor during its restructuring under the Companies' Creditors Arrangement Act (CCAA), which is similar to Chapter 11 of the U.S. bankruptcy code.

April 1, 2003

Seabury Group Completes Global Financial Restructuring for US Airways

Seabury Group today announced that it has completed financial restructuring for US Airways, allowing the company to emerge from Chapter 11 bankruptcy protection in less than eight months.