Company Continues to Grow Presence in Africa, Availing Precision Air of Its Market-Leading Solution to Enhance the Maintenance Management of the Carrier’s Expanding Fleet

NEW YORK – July 15, 2019– Seabury Solutions, a subsidiary of New York-based Seabury Capital Group LLC and the market leader in the development of Information Technology solutions for the aviation industry, announced the addition of a new airline customer in Africa, Precision Air, for its market-leading solution to enhance the maintenance management of the carrier’s expanding fleet.

The Tanzania-based airline, operating scheduled flights out ofits main hub in Dar es Salaam, is the latest customer to join the ever-growing base of the company’s airline customers based on the African continent. Opting to deploy Seabury Solutions’ comprehensive maintenance solution, the carrier deemed Alkym as best suited to meet the requirements for managing the maintenance of its fleet.

“The quick implementation time along with the ability to customize Alkym as required by Precision Air were pivotal in the decision-making process, which led the African airline to select our solution,” said Seabury Solutions VP Sales & Marketing Carlos Bianchi. “As we continue to grow in Africa, we are delighted to welcome Precision Air as the latest customer, despite having faced some stiff competition from several other IT vendors.”

Precision Air opted for 17 out of 18 of the modules contained within Alkym, along with 20 concurrent users. The project is set to commence the second week of July, beginning with a two-week workshop to understand the entire requirements of the airline and map out the process.

“Currently, we are expanding into new markets, so we wanted to look for a solution that would help streamline our operational efficiencies, not increase costs when adding new aircraft, and could allow us to grow to become the most modern MRO provider in East Africa for regional aircraft maintenance. This ultimately led us to Seabury Solutions’ leading maintenance solution, Alkym,” commented Precision Air Maintenance & Engineering Manager Pablo Alves. “Seabury Solutions has proved that they truly understand the African market with their extensive list of African customers.”

Bijoy Mechery, Seabury Solutions Chief Executive Officer, concluded: “Having a global network of offices allows Seabury Solutions to respond to our customers in real time. Our development office in Nairobi, Kenya, is a hugely influential factor for African organizations when selecting an MRO IT provider. This enables our team to provide live support, when it’s required by the customer.”

ABOUT PRECISION AIR

Precision Air is a publicly listed Tanzanian airline, which is a leader in providing scheduled flight services to over 10 destinations within and outside Tanzania from its main hub Dar es Salaam. The company operates on the principle that quick, comfortable and reliable service is the best way to serve its customers. Through its customer-focused approach, many have become part of the Precision Air family. Reference Precision Air at www.precisionair.com

ABOUT SEABURY SOLUTIONS

Seabury Solutions is a subsidiary of Seabury Capital Group LLC and the market leader in providing Information Technology solutions for the aviation industry. With more than 15 years of experience and specialization in the development and implementation of world-class software solutions for aviation, Seabury Solutions has an unmatched reputation as a provider of cost-effective solutions in the industry. Three out of the four largest airlines in the world use the performance management systems built by Seabury Solutions. Reference Seabury Solutions at www.seaburysolutions.com

ABOUT SEABURY CAPITAL GROUP

Seabury Corporate Finance is a division of Seabury Capital Group LLC (“Seabury Capital”), which operates a number of specialty finance, investment and merchant banking, technology, and software companies with a core focus anchored in aviation, aerospace & defense, maritime, and financial services & technology.

Seabury Capital operates a number of specialty finance, investment banking, technology and software companies with a core focus anchored in aviation, aerospace & defense, maritime, and financial services & technology. Since its founding in 1995, Seabury Capital has taken ownership stakes in software and asset management businesses servicing the aviation and travel industries. Within the last few years, Seabury Capital has expanded its portfolio by investing in early stage startup companies within the financial technology industry and structured investment products. In addition, Seabury Capital owns and operates FINRA and FCA regulated investment banking services firms in the U.S. and U.K., respectively, serving external clients as well as assisting the companies in which Seabury Capital has invested. Seabury Capital has operations in New York, Amsterdam, Beijing, Berlin, Chicago, Cordoba, Dallas, Dublin, Durban, Edison (NJ), Hong Kong, Houston, Jersey City, London, Los Angeles, Manila, Minneapolis, Seoul, Shannon, Singapore, Summit (NJ), Stamford (CT), and Tokyo. Reference Seabury Capital at www.seaburycapital.com.