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 Corporate Advisory, Investment Banking Division.

Corporate Advisory

Ginger Hughes and Michael Mason have been named Executive Directors and Co-Heads of the firm’s Airline Corporate Advisory unit. Ms. Ginger Hughes joined Seabury in 2002 and has over 16 years of global airline experience covering a wide range of matters including several successful airline restructurings, crisis cash management, due diligence, strategic sourcing negotiations, cost reduction programs and mergers and acquisitions advisory. She has a senior role in assisting our airline clients in liquidity management, vendor negotiation and other restructuring issues. Ms. Hughes received her B.B.A. in Accounting from the University of Texas and is a Certified Public Accountant. Ms. Hughes is a FINRA Representative and is registered with the Series 7, 79 and 63. Mr. Michael Mason joined Seabury as a Vice President in 2000. He has more than 25 years of airline and aviation-related experience. At Seabury, Mr. Mason has advised numerous airline clients on a variety of projects, including, cash management, working capital management, cash forecasting balance sheet restructuring and served as interim CFO for various airline clients around the world. Mr. Mason received his M.B.A. in Finance and his B.S. in Business Management from Oklahoma State University in Stillwater, Oklahoma.

Ross McKenzie has been promoted to Executive Director. Mr. McKenzie rejoined the Seabury Capital in 2006, having previously worked at Seabury as an analyst and associate at the start of his career. Ross had over 10 years of experience in airline business and financial planning, aircraft acquisition analysis, and financial restructurings. At Seabury, Ross has assisted airline clients or led the financial analysis modeling for a variety of assignments around the world, including corporate advisory projects, financial restructurings, business plan development and fleet analysis. Mr. McKenzie received a B. A., Computer Science and Economics from Duke University, where he graduated summa cum laude. He is a licensed pilot. Mr. McKenzie is also an FINRA Registered Representative, and is series 7, 79 and 63 qualified.

Alan Sbarra has been promoted to Senior Vice President. Mr. Sbarra joined Seabury in 2008. Alan has more than 15 years of aviation and aviation-related experience in the areas of strategy development, business and financial planning, economic analysis, and cost analysis. Alan has developed cost-analysis tools and methodologies that allow airlines to benchmark their cost competiveness and productivity to identify areas for improvement. Mr. Sbarra holds an S.B. from the Massachusetts Institute of Technology and a MBA from the University of Michigan.

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