New York, NY, September 24, 2010 --(PR.com
)-- Seabury Group LLC, a global investment banking, management advisory and investment management firm, today announced that Walter Skowronski has joined the Seabury’s Board of Advisors. Skowronski retired from Boeing Capital Corporation (BCC) where he has served as BCC’s chief executive and a Senior Vice President of The Boeing Corporation.
“Walt Skowronski brings a wealth of knowledge and business acumen to our advisory board, particularly with respect to financing issues facing airlines around the world,” said John E. Luth, Chairman, President, and CEO of Seabury Group. “We are honored to have him join us and look forward to working with him over the coming years.”
Seabury’s Board of Advisors provides the company with insights and counsel on industry developments and business strategy. Skowronski joins an influential board whose other members include; Bryan Moss, President Emeritus, Gulfstream Aerospace Corporation (who also was a senior executive with Bombardier Aerospace), Sir Ralph Robins, former Executive Chairman, Rolls-Royce plc, and Douglas M. Steenland, former Chief Executive Officer, Northwest Airlines.
The board provides Seabury with access to a diverse group of industry executives with exceptional experience in the global aviation and aerospace industries. Geoff Dixon, former Chief Executive Officer, Qantas Airways Limited has left the board because of other commitments including his recent appointment as Chairman of the Australian Tourism Board.
“I’m pleased to join Seabury’s advisory board and look forward to supporting a team that has distinguished itself over the years in becoming what is today the premier advisor in the global aviation and aerospace industries,” Skowronski stated.
Prior to serving as President of Boeing Capital Corporation, a wholly-owned subsidiary of The Boeing Company, Skowronski was Senior Vice President of Finance and Treasurer of Boeing. In addition to a distinguished career at Boeing, Skowronski served as a senior finance executive with Lockheed Martin Corporation, and was a Chief Executive Officer and Chairman of the National Investor Relations Institute (NIRI).
About Seabury Group
The Seabury Group 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, Toulouse, 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