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Contact: Karen C. Cook |
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Former Continental Executive Joins Seabury Group NEW YORK, September 16, 2003 - 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. "I'm very pleased that one of my former Continental colleagues will be working with our international airline customers," said John Luth, chairman, president and CEO of Seabury Holdings LLC. "I'm confident that Seabury's clients will benefit from Barry's 30-plus years of senior executive experience with Continental and other major air carrier operations, particularly his extensive experience with global passenger and cargo operations, legal and governmental affairs, and financial and business operational restructurings." In addition to his career at Continental, Mr. Simon served as senior vice president, general counsel and secretary for Eastern Air Lines and vice president of corporate development for Texas Air Corp. He also was vice president and general counsel of Teleprompter Corporation, where his accomplishments include developing cable television copyright legislation. He held leadership roles in three major airline bankruptcies, including Continental's 1983 bankruptcy. He has testified before committees of the U.S. House of Representatives and of the British Parliament and before the European Commission. He also was a member of the Board of Directors of Amadeus and its U.S. subsidiary, System One. Mr. Simon graduated magna cum laude and Phi Beta Kappa from Princeton University and earned a J.D. degree from Yale University Law School. Founded in 1995, the Seabury Group provides investment banking, financial advisory, restructuring and consulting services for business services, insurance, real estate, transportation, travel, and technology industries. Seabury currently serves as principal restructuring advisor to Air Canada in its restructuring under the Companies' Creditors Arrangement Act (CCAA), which is similar to Chapter 11 of the U.S. bankruptcy code. Previous engagements include successful corporate restructuring assignments for US Airways Group, America West Airlines, Inc., Continental Airlines, Inc., and Kitty Hawk Air Cargo; M&A and financial advisory work for such investment funds as Texas Pacific Group LP and Blackstone Capital; and insurance advisory work for Liberty Mutual, Fortis, and Kemper Insurance. Today, Seabury has arguably the largest group of investment banking and restructuring professionals in the world dedicated to the transportation sector. Seabury Group principals have structured over $75 billion in debt, equity, M&A transactions and strategic affiliations. Seabury's 75 professionals have a wide variety of senior executive expertise in structured lease and debt financing structures for transportation and real estate concerns, enterprise risk assessments, insurance, technology, airline fleet and network planning, airport advisory services and IT management information systems. For more information, http://www.seaburygroup.com/. |
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