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Contact: Karen C. Cook |
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 Former Airline Industry Executive Joins Seabury Group NEW YORK, December 11, 2003 - 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. Mr. Davis served as vice president, Fleet Management, for Continental Airlines from 1995 to 2000. In that role, he was responsible for fleet planning and management and was the principal negotiator for Continental's purchase of $12 billion of new aircraft and engines. He also was instrumental in developing and implementing a flexible fleet renewal plan for the carrier. Mr. Davis also was involved with re-fleeting COPA, the Panamanian flag carrier and Continental affiliate, and served on its board of directors, representing Continental's interest. Before joining Continental, he was a sales executive with Boeing for more than 25 years, where his principal duties involved commercial aircraft sales to major airlines in the United States, Europe, Africa, South America, and the Middle East. Mr. Davis is a graduate of Washington State University. "The vast experience that Brian brings to Seabury in the areas of re-fleeting analyses, aircraft order negotiations, fleet dispositions, and negotiations with OEMs and overhaul facilities will be invaluable to our clients," said John Luth, chairman, president and CEO of Seabury Holdings LLC. 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 and recapitalization 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 L.P.; creditor assignments for such financial institutions as US Eximbank, Deutsche Bank and Lehman Brothers, and insurance advisory work for Liberty Mutual and Fortis. Today, Seabury has arguably the largest group of investment banking and restructuring professionals in the world dedicated to the transportation sector. Recent transactions include structuring and placement in Europe of $100 million of bonds backed by life insurance settlements and a private equity placement for US Airways Group. Seabury Group principals have structured over $75 billion in debt, equity, M&A transactions and strategic affiliations. Seabury employs some 75 professionals worldwide who 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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