News & Announcements
November 11, 2008
Former Cathy 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.
March 7, 2008
Regional Aviation Veteran Douglas Abbey Joins Seabury Group
Seabury Group today announced that Douglas E. Abbey, a 30-year airline industry consultant with particular expertise in regional aviation and North American route-development strategies, has joined the firm as a Senior Vice President. Mr. Abbey previously was Managing Partner of the Velocity Group, and before that, President of AvStat Associates Inc. Also joining Seabury as a Vice President is Alan Sbarra, who has more than 15 years of aviation and aviation-related experience...
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
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.
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.
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.
