Seabury Announces New Maritime Finance Executive

NEW YORK, April 21, 2009 – 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.

During his career, Mr. Kanter has worked extensively with companies in all areas of marine transportation, including tankers, bulk carriers, cruise lines, and containers. Mr. Kanter most recently was Managing Director, Leveraged Finance for RBS Global Banking & Markets after it acquired ABN AMRO Incorporated. He had been Managing Director and Head of Leveraged Finance and High Yield, North America for ABN AMRO, where he worked with clients worldwide on cross-border leveraged acquisition financings and rebuilt the firm’s high-yield bond issuance business. Prior to joining ABN AMRO, he held various positions with Lazard Frères & Co. LLC and helped build Lazard’s shipping practice, executing debt and equity financings for companies throughout the marine transportation sector.

“David’s wealth of capital markets and maritime banking experience, including his restructuring expertise, will be invaluable to companies in the shipping industry as they explore options for dealing with the current economic crisis,” said John E. Luth, Chairman, President and CEO of Seabury. “We expect that David will also be instrumental in helping to promote our access to private equity capital.”

Mr. Kanter graduated magna cum laude with an A.B. in Economics from Harvard College. He is a FINRA
Registered Representative and is Series 7, 24 and 63 qualified.

About Seabury

Seabury Maritime Investment Banking Group, a part of Seabury Group, is a global merchant banking and advisory firm providing expert investment banking, M&A, recapitalization/restructuring and strategic advisory services. An affiliated fund of Seabury has access to USD 300 million of leveragable private equity capital.   The fund’s focus is on investing in maritime companies with a minimum stake of 30%, as is customary in private equity investments.

Seabury Group LLC is the largest investment banking and advisory practice serving aviation, aerospace, cargo and maritime. Through its 175 professionals based in 10 offices on four continents, Seabury provides advisory services spanning investment banking, restructuring/corporate recovery, management consulting, IT development, and advisory services covering human capital. Seabury has advised over 250 clients spanning Africa, Australia, Asia, Europe, the Middle East, and the Americas.

Seabury was awarded Airfinance Journal’s “North American Deal of the Year” for the $750 million equity offering structured and placed for Northwest Airlines in 2007. In October 2008, Seabury raised $1.1 billion for US Airways Group, Inc. In 2005, Seabury arranged $2.2 billion of financing for the merger of US Airways and America West Airlines, and served as M&A advisor for US Airways. In 2004 Seabury raised $1.6 billion of 
equity and debt exit financing for Air Canada’s successful reorganization under CCAA. In total, Seabury has raised over $30 billion of capital financing for airlines, including over $3.5 billion of equity financing.

Seabury is the leading global restructuring advisor in the aviation industry, having successfully managed 7 of the 10 largest airline restructurings or corporate recoveries in the world. Those successful assignments include Air Canada (2004), America West (2001), Avianca (2005), Continental Airlines (1995), Northwest Airlines (2007), and US Airways (2005). Avianca is the only non-US airline to have reorganized under US
Chapter 11 laws. Seabury currently is advisor to Frontier Airlines and Midwest Airlines (both US carriers) in their reorganization efforts.

Seabury Group also provides similar services covering the financial services industries, and through its SeaCap Securities broker-dealer, serves as investment banker for structured investment products offered on a global basis.

For more information, please visit: http://www.seaburygroup.com

Contact: Karen C. Cook
Director of Communications
kcook@seaburygroup.com
+1 212 475 8132