Seabury Group - Investment Banking & Advisory Services

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Seabury Group Completes Financial Role in US Airways Restructuring/Merger with America West Airlines - $805 million of common equity raised

NEW YORK, September 29, 2005 – 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.

Serving as sole financial, restructuring and mergers and acquisitions advisor, as well as principal advisor for arranging private equity capital to US Airways, Seabury Group:

Arranged $641 million of new private equity provided by six separate investor groups:

ACE Aviation Holdings Inc., ($75million) a Canadian holding company that owns Air Canada ;
PAR Investment Partners, L.P., ($140million) a Boston-based investment firm;
Peninsula Investment Partners, L.P., ($57 million) a Virginia-based investment firm;
Eastshore Holdings, LLC, ($125 million), which is owned by Air Wisconsin Airlines Corporation and its shareholders;
Wellington Management Company, ($170 million) a Boston-based investment firm; and
Tudor Investment Corp., ($74 million) a Greenwich, CT-based asset management firm

Advised on a public equity offering of $164 million
Advised on a convertible notes offering of $125 million
Advised on supplier financing facilities, providing $705 million in cash

Seabury was recently engaged as financial advisor to Northwest Airlines in its restructuring under Chapter 11.

In 2003-2004, Seabury served as Air Canada ’s financial advisor under the Companies’ Creditors Arrangement Act (CCAA) and as financial advisor to Avianca, a Colombian airline, in its restructuring under Chapter 11.

Additionally, Seabury successfully handled corporate restructuring assignments for Continental Airlines, Inc. in 1995 and Kitty Hawk in 2002.

Founded in 1995, Seabury Group provides investment banking, financial advisory, restructuring and consulting services primarily for transportation companies and those in related industries. With approximately 100 professionals in the United States , Europe and Australasia , Seabury has one of the largest investment banking, restructuring, and management consulting practices in the world dedicated to the transportation sector.

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