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Contact: Joel Antolini
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NEWS SEABURY APG ANNOUNCES STAFF ENHANCEMENTS Tysons Corner, VA, - February 28, 2008 – Seabury APG, an industry leader in aviation advisory services, today announced that it has added two vice presidents to its consulting practice. Damon Hylton joined the firm, and has both network planning and transportation-related marketing experience. Mr. Hylton built his network planning and revenue optimization experience from extensive tenures at both Hawaiian Airlines, where he was Senior Director of Market Planning and Sales Distribution, and Continental Airlines, where he was Manager of Planning Methodology. Mr. Hylton honed his marketing expertise in his most recent role as Director of Marketing for Hawaiian Superferry, where he spent two years overseeing its advertising, promotions, brand management, e-commerce, frequent traveler loyalty program and revenue optimization. Hawaiian Superferry is expected to generate $140M in revenue by 2009. Mr. Hylton has a B.A. and an MBA from the University of Texas at Austin. Additionally, Seabury APG has promoted James Garzia to Vice President. Mr. Garzia joined the firm in 2006 after a six-year tenure with US Airways, where as Senior Manager of Network Planning he was responsible for creating and implementing the carrier’s route development strategy. The analytical work performed by Mr. Garzia while at the carrier played an important role in it helping to improve its economic performance and facilitate its successful merger with America West. Mr. Garzia has a B.A. from LeMoyne College and an MBA from the University of New York at Binghamton. “We are very excited about these personnel moves, said Steve Still, Seabury APG Managing Director. “Damon is a perfect fit for us because is so well-rounded with his planning, pricing and marketing experience. And the decision to promote Jamie was an easy one because he has been so important to us since he arrived here. He has been leading important, complex airline projects almost since he walked in the door. We could not be happier with these two staffing moves.” Founded in 1997, Seabury APG is a highly acclaimed aviation-focused consultancy that advises many of the world’s most important airlines, airports, manufactures and investors on matters related to network planning and revenue optimization. Since its creation, Seabury APG has provided advice and planning software to over 70 airlines and 40 airports worldwide. Headquartered outside Washington, DC in Tysons Corner, VA, Seabury APG also has offices in Los Angeles, Atlanta, and Vienna, Austria. With its partner, New York City-based--Seabury Group, the firms have combined to become known as the most influential restructuring advisor in the airline industry by virtue of its advisory assignments for US Airways, including the merger with America West; its restructuring and recapitalization of Air Canada; and its restructuring of Northwest Airlines. Additionally, Seabury APG and Seabury Group have now emerged as the leading consultant and advisor to long-term debt and equity providers focused on the transportation sector, including, among others, the Blackstone Group, Cerberus Capital Management, Deutsche Bank, Goldman Sachs, Oaktree Capital and Texas Pacific Group. AUCKLAND AIRPORT AND SEABURY APG SIGN CONTRACT FOR ROUTE DEVELOPMENT STUDY Auckland, New Zealand - October 16, 2005 - Seabury APG and Auckland International Airport Limited (AIAL) signed a contract in July 2005 to provide AIAL with air service development support. The partnership's first project, determining the best candidates for new AIAL nonstop service, played an integral role in preparing AIAL for the Routes '05 conference held in Copenhagen in September 2005. "Not only did the analysis highlight potential new destinations form our airport, it also stressed the pros and cons of different carriers and the likelihood of particular carriers to start new services." - Mr. Tony Gollin - General Manager Corporate Planning and Strategy AIAl. The exercise was carried out using Seabury APG proprietary origin & destination demand data and QSI-based forecasting tools. In addition to AIAL, Seabury APG provides international and domestic traffic and fare data to carriers that make up nearly 30% of the airline industry's ASKs, including all members of the STAR Alliance. AIAL becomes the14th client for Seabury APG's Airport Services group. 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:
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. JORDAN KAYLOE JOINS SEABURY APG AS SENIOR ASSOCIATE - BRINGS INTERNATIONAL ROUTE DEVELOPMENT AND FORECASTING EXPERIENCE RESTON, VA - August 24, 2005 – Seabury APG announced that Jordan Kayloe has joined the firm as Senior Associate in the firm's airline and airport consulting divisions. Mr. Kayloe has over fifteen years of leadership and planning experience in the aerospace and aviation industries, including international network planning for a major U.S. carrier. Prior to joining Seabury APG, Mr. Kayloe was the Manager of International Route Planning at US Airways, where he led the team developing the carrier's route strategy for Europe, the Caribbean, and Latin America. He also served as the carrier's international slot coordinator and sat on the Network Advisory Board of the Star Alliance, the world's largest group of affiliated airlines. During US Airways' first bankruptcy reorganization in 2002, Mr. Kayloe worked in the carrier's Financial Analysis department, where he produced the company's pro forma financial statements. Before commencing his career in the commercial aviation industry, Mr. Kayloe served ten years as an officer in the United States Air Force. Captain Kayloe's varied experience includes defining the logistics flow for the Kosovo Campaign, running computer-assisted exercises for U.S., NATO, and former Soviet bloc troops in Europe, planning the modernization of the Global Positioning System (GPS), leading software development capability evaluations of the bidders for two large GPS contract awards, researching computer languages, and teaching computer programming as a mobile training instructor. Mr. Kayloe currently holds the rank of Major in the inactive ready reserve. Mr. Kayloe holds an MBA from Harvard Business School, a M.S. in Computer Science from the Air Force Institute of Technology, and a B.S. in Computer Science from Stanford University. SEABURY APG CLIENT AKRON/CANTON GETS NEW FRONTIER SERVICE Frontier Airlines Becomes the Only Carrier to Offer Non-Stop Service Between Denver and Akron-Canton, Ohio New Service Will Bring Low Fares to the Cleveland Area and Northeast Ohio DENVER, March 16, 2005 (PRNewswire) - Frontier Airlines will begin new service between its Denver International Airport (DEN) hub and Akron-Canton Airport (CAK) in Ohio, beginning June 15, 2005. The two daily non-stops between Denver and Akron-Canton will utilize Frontier's new Airbus aircraft, with 33 inches of legroom, 24 channels of LiveTV and pay-per-view movies. The new service will also connect the Cleveland area and Northeast Ohio to dozens of Frontier cities throughout the West and Mexico. Frontier separately announced today that it will begin service between Denver and San Antonio International Airport (SAT) on June 26, 2005 and that it will increase service to match growing demand in Seattle, Wash. and San Jose, Calif. "Akron-Canton is fast becoming the low fare hub for Northeastern Ohio, and we are proud to be an integral part of that growth," said Paul Tate, senior vice president and chief financial officer. "The strength of the Akron-Canton airport is in no small part due to their focus on attracting the very best service for travelers in the region, and we are confident that Frontier will exceed the expectations of those travelers who have forgotten what a great experience flying can be. We look forward to serving Northeast Ohio with LiveTV, pay-per-view movies, comfortable seats and the industry's finest service from the industry's best employees." "Frontier Airlines is a perfect match for our airport and Northeast Ohio," said Airport Director Fred Krum. "They are the undisputed leader in affordable west coast flying and we offer a great airport experience that customers prefer. Flying to Denver and beyond just got a lot better for travelers in our region." Akron Mayor and President of the U.S. Conference of Mayors, Donald Plusquellic remarked, "We are delighted Frontier Airlines has chosen Akron-Canton as its first Ohio community for non-stop service to Denver. We see this as a vital western link that will help us attract new business and tourists to our great city." "The residents of Canton, Ohio are pleased to welcome Frontier Airlines to our hometown airport and the home of the Pro Football Hall of Fame," said Mayor Janet Creighton. "Affordable flights to and from Denver and the West will be popular with sports fans and business travelers alike." SEABURY GROUP COMPLETES FINANCIAL RESTRUCTURING ASSIGNMENT FOR AIR CANADA: $1.1 BILLION OF NEW EQUITY CAPITAL FOR EXIT FROM CCAA RAISED NEW YORK, September 30, 2004 - Seabury Group today announced that it has completed its financial restructuring assignment for Air Canada under the Companies’ Creditors Arrangement Act (CCAA). Serving as its financial advisor, Seabury Group advised the Company on restructuring approximately $13 billion of debt and lease obligations and on raising $1.1 billion of new equity capital through a combination of underwritten rights offering ($850 million) and private equity ($250 million). This is one of the largest passenger air carrier equity raises in history. Seabury also advised Air Canada on the arrangement of $540 million of exit debt financing as well as on financing for a new regional jet order, and on restructuring its network, distribution system and fleet and on corporate-wide cost-reduction initiatives. All amounts are in Canadian dollars. Founded in 1995, Seabury provides investment banking, financial advisory, restructuring and consulting services primarily for transportation companies and those in related industries. With over 75 professionals in the United States and Europe, Seabury has one of the largest investment banking, restructuring, and management consulting practices in the world dedicated to the transportation sector. THREE NEW PARTNERS TAKE DELIVERY OF APGNet, SEABURY APG'S QSI-BASED NETWORK PLANNING TOOL RESTON, VA, August 18, 2004 - Three new partners have recently inked long-term deals with Seabury APG, the Reston, VA-based aviation consulting firm, for its QSI-based network planning tool, APGNet. APGNet allows users to perform detailed network analyses and forecasts without expensive main-frame requirements or complex calibrations. Like its more expensive competition, APGNet allows users to understand the impact of route additions or deletions on a network's revenue, and considers such industry-standard concepts such as spill and recapture, service and fare stimulation and the impact of code-share and alliances. APGNet's three new users bring the product's list of users to ten, many of which are large international carriers. NEW AIR SERVICE ADDED! FOUR AIRPORTS RECEIVE BENEFITS OF SEABURY APG CONSULTING WASHINGTON, D.C., March 8, 2004 - Seabury APG has assisted four of its airport partners in procuring new airline service in the first quarter of 2004. Three U.S. and one Canadian airport were the beneficiaries of these increased services:
SEABURY APG CLIENT, PHILADELPHIA INTERNATIONAL AIRPORT, IS AWARDED SOUTHWEST AIRLINES SERVICE PHILADELPHIA, October 27, 2003 - The airline known for its "LUV" is teaming up with Philadelphia, the City of Brotherly Love, to let Freedom ring in 2004 when Southwest Airlines lands at Philadelphia International Airport. The carrier, making the announcement in Philadelphia on October 27 with airport and local officials, will arrive in May 2004 and utilize four gates at the airport to bring Philadelphia area residents up to 14 daily flights initially to a variety of short and longhaul destinations. Southwest will begin service with five new aircraft deliveries from Boeing. Flights and fares will be announced later. "The Freedom to Fly is a fundamental mission of Southwest," said Herb Kelleher, Southwest's Chairman, making the announcement with Philadelphia Mayor Honorable John Street and City of Philadelphia Director of Aviation Charles J. Isdell during a news conference in Philadelphia. "Southwest is well known for stimulating travel demand with its low fares and outstanding Customer Service, and we look forward to introducing the Philadelphia Metropolitan Area to our warm hospitality." Southwest's breadth of service stretches from coast to coast and border to border with more than 2,800 daily departures serving 58 cities in 30 states. Philadelphia will become Southwest's 59th city and Pennsylvania its 31st state. "Southwest's brand of service will revolutionize air travel in the greater Philadelphia area," Street said. "It is an exciting day in Pennsylvania when we can announce that Southwest is coming to town." "We're pleased that our infrastructure and airport operating costs were attractive to Southwest," Isdell said. "Southwest's growth has been closely monitored for years, and we know Philadelphia area travelers will respond to the airline's breadth of service and low fares." Seabury APG is the sole provider of air service development strategies to Philadelphia International Airport, and has been working with the airport since July of 2002. SEABURY APG CLIENT, PHILADELPHIA INTERNATIONAL AIRPORT, TO RECEIVE ITS 12TH EUROPEAN DESTINATION, GLASGOW, IN MAY 2004 PHILADELPHIA, October 17, 2003 - US Airways filed an application with the U.S. Department of Transportation on October 17, 2003 for route authority to operate new nonstop roundtrip service to Glasgow, Scotland, from its Philadelphia hub. US Airways is seeking approval to begin seasonal summer service in May 2004. Subject to U.S. and U.K. government approvals, US Airways will operate daily flights through the end of October 2004. Service on the new route will be flown using Boeing 767-200 aircraft, offering seating for 199 passengers with 23 seats in Envoy Class and 176 seats in Coach Class. "Scotland will mark our third destination in the U.K., as well as our eleventh European route from our primary international gateway Philadelphia," said Douglas D. Leo, US Airways vice president-international. "We are excited to bring new service to Glasgow in time for the 2004 British Open at the nearby Royal Troon Golf Club." Customers traveling on this new service will have convenient connections from Philadelphia to over 45 destinations in the U.S., Canada and the Caribbean. US Airways is the nation’s seventh-largest airline, serving nearly 200 communities in the U.S., Canada, Europe, the Caribbean and Latin America. Most of its route network is concentrated in the eastern U.S., where it is the largest air carrier east of the Mississippi. US Airways’ European destinations are Amsterdam, Dublin, Frankfurt, London, Madrid, Manchester, Munich, Paris, Rome and Shannon. Seabury APG is the sole provider of air service development strategies to Philadelphia International Airport, and has been working with the airport since July of 2002. SEABURY GROUP ANNOUNCES DEAL WITH AIRLINE PLANNING GROUP NEW YORK, July 8, 2003 - 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. Dr. Stephen Still and David Bental, who founded APG in 1997, will be lead managers of the business unit called Seabury APG LLC. Joel Antolini will manage the firm's growing airport practice. "Seabury Group is very pleased that APG has joined the company," said John Luth, chairman, president and CEO of Seabury Holdings LLC. "The synergy created by Seabury and APG will enable us to offer the worldwide transportation market a complete set of investment banking, consulting services and technology services for transportation companies, OEM manufacturers, airports, investment funds, and lessors and lenders to compete in today's challenging environment." Seabury Group's transportation investment banking group, Seabury Transportation Advisors LLC and Seabury Securities LLC, collaborated with APG on work for US Airways in its restructuring and successful emergence from bankruptcy. Seabury currently serves as principal restructuring advisor and investment banking firm 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. Dr. Still said, "We are excited about the expanded range of services we can offer our clients. The combination of people, products, and expertise will ensure that we deliver innovative solutions to our present and future clients." Washington, D.C.-based Airline Planning Group LLC is a full-service consulting firm focusing on network planning, fleet planning and air service development. All of its consultants have held key positions in the planning departments of major airlines. Clients include airlines, airports and manufacturers worldwide. APG brings many IT solutions to Seabury including APGNet, the firm's network planning tool, APGAlliance, a suite of alliance and merger evaluation tools, and APGFam, the company's fleet optimization software. 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. 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, please see http://www.seaburygroup.com/ |
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