News & Announcements
August 4, 2010
Seabury recognized for advisory contributions at ExpressJet
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 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.
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