New York, March 23, 2011 – Seabury Capital LLC, a global investment banking, management advisory and investment management firm, today announced the promotion of several key members of its Aircraft Advisory Group, Investment Banking Division.

Corporate Advisory

David Fowkes has been appointed as Managing Director within a newly organized global aircraft advisory group. Mr. Fowkes has more than 15 years experience in aircraft and other asset finance in both bulge bracket and boutique banking roles. He has recently been working for a number of financial, advisory, airline and aircraft leasing clients raising capital, buying or selling aircraft and performing strategic or restructuring assignment in assignments in North America, Europe and Asia.

Prior to his consulting work, Mr. Fowkes was a senior member of Deutsche Bank’s Special Situations Group where he focused on financing for assets including aircraft such as bank loans, capital markets debt and securitization. He also was instrumental in DB Equipment Leasing’s effort to buy and sell used aircraft and other asset-backed debt for Deutsche Bank’s principal account.

Prior to Deutsche Bank, Mr. Fowkes held a senior position in the Seabury Capital’s Structured Finance Group, focusing on secured financing including lease and off-balance sheet transactions. He helped negotiate the purchase and financing of more than 250 aircraft worth more than $4.5 billion for companies including US Airways, Alaska Airlines, Republic, Air Canada, ILFC, and Northwest Airlines.

Prior to Seabury Capital, Mr. Fowkes held senior Investment Banking positions at Lehman Brothers and Citibank focusing on capital markets and structured finance transactions and M&A in the transportation and industrials sectors.

Mr. Fowkes earned a B.S. in Chemical Engineering from Rensselaer Polytechnic Institute and an M.B.A. from NYU’s Stern School of Business. He is a FINRA Representative, and is registered with the Series 7 and 63.

Greg Ethier has been promoted to Executive Director within the global aircraft advisory group. Mr. Ethier joined the Seabury Capital in 1999 and has participated in numerous M&A advisory assignments, financial restructuring assignments, aircraft related, and creditor assignments. He has a senior role in aircraft procurement, disposition, leasing and financing matters. Mr. Ethier has over 15 years of financial advisory and restructuring expertise, the majority of which involves airline and aviation related entities.

Mr. Ethier recently concluded advising on the fleet related matters at Frontier Airlines during their bankruptcy proceeding, which included several successful aircraft sale and leasing transactions and is currently advising on several airline transformation efforts around the world. Mr. Ethier received his B.B.A. in Finance from the University of Iowa. Mr. Ethier is a FINRA Representative, and is registered with the Series 7, 79 and 63.

About Seabury Capital

Seabury Capital is a global investment banking, advisory and investment management firm providing investment banking, restructuring/corporate recovery, management consulting, IT development, human capital and investment management advisory services. Seabury professionals have in-depth experience in a broad range of industries including aerospace, automotive, aviation, cargo, consumer products, distribution, financial services, gaming, infrastructure (ports and airports), logistics, maritime and manufacturing. Seabury has advised on more than 500 client engagements around the world. Seabury’s operations span Africa, Australasia, Asia, Europe, the Middle East, and the Americas with principal offices in New York, London, Amsterdam, Hong Kong, Los Angeles, Minneapolis, and Washington, D.C., and additional representative offices in Dublin, Dallas/Fort Worth, Houston, and Singapore.

Seabury is the leading global advisor to the aviation industry, having successfully managed seven of the 10 largest airline restructurings or corporate recoveries in the world, and raised over $30 billion of capital financing, including advising on over $3.5 billion of equity financings. Seabury’s investment banking and corporate advisory team has corporate restructuring and insolvency experience representing companies on distressed M&A transactions, refinancing, recapitalizations, and debt renegotiations. Seabury offers financial services through SeaCap Partners a strategic advisory and merchant bank focused exclusively on the global investment management industry.

Landmark assignments include advising Cathay Pacific Airways on strategic planning and a multi-billion new widebody aircraft order (2009-2010); providing comprehensive profit improvement programs for several major African and Middle East carriers (ongoing); completing a highly successful $525 million liquidity raise for US Airways (November 2009); advising United Air Lines on a multi-billion dollar order of new widebody aircraft (December 2009), and completing a Cdn$1.0 billion liquidity raise for Air Canada (September 2009), the restructuring, recapitalization and sale of Frontier Airlines (October 2009), and advising on the restructuring and sale of Midwest Airlines (July 2009). Additional landmark deals include: raising $1.1 billion for US Airways Group, Inc. (October 2008); restructuring and raising over $2 billion of new equity and debt capital for Northwest Airlines (September 2007), for which Seabury was awarded Airfinance Journal’s “North American Deal of the Year”, successfully completing a restructuring and comprehensive corporate turnaround program for South African Airways (2006-2007); and serving as both M&A advisor and raising over $2 billion of equity and debt financing for the merger of US Airways with America West Airlines (2005). For more information, please visit: www.seaburygroup.com