New York – September 5, 2025 – Seabury Aviation Partners (“Seabury”), a leading global aviation advisory firm, announced that the Turnaround Management Association (TMA) honored the firm with its 2025 Turnaround and Transaction of the Year Award in the ‘International Company Turnaround / Transaction’ category, recognizing Seabury’s advisory role in SAS’s $1.2 billion exit financing.
“We’re honored to be named among the winners of the Turnaround and Transaction of the Year Awards recognizing our role in executing SAS’s comprehensive business and financial transformation plan,” commented Michael B. Cox, Vice Chairman of Seabury Aviation Partners. “Seabury Aviation Partners and its aviation professionals proudly supported the SAS team as investment banker and restructuring advisor in carrying out their impressive efforts to transform SAS into a strong competitive airline connecting Scandinavia to the world.”
Since 1993, TMA has honored excellence through its annual awards program, which recognizes the most successful turnarounds and impactful transactions industrywide.
“This year’s award recipients showcase the ingenuity, perseverance, and collaborative spirit that drive success in the turnaround and restructuring profession. Their work exemplifies the highest standards of excellence in our industry, and TMA is proud to celebrate their contributions to these successful outcomes,” says TMA Global President Rachael Smiley, FBFK Law.
Read the award announcement at https://www.turnaround.org/news/tma-announces-the-2025-tma-turnaround-and-transaction-of-the-year-awards/.
About Seabury Aviation Partners
Seabury Aviation Partners is a leading aviation investment banking and advisory firm, focused on providing investment banking, aircraft acquisition and financing, restructuring, business planning and other services to airlines and other participants in the aviation industry. Seabury Aviation Partners is part of Seabury Capital Group, which operates a number of specialty finance, investment and merchant banking, technology, and software companies with a core focus in aviation, aerospace & defense and financial services & technology.
For Seabury media enquiries, please contact: pr@seaburycapital.com
New York and Nairobi – 3 September 2025 – Seabury Aviation Partners (“Seabury”), a leading global aviation advisory firm, has joined the Partnership Program of the African Airlines Association (“AFRAA”), the principal trade association for African airlines. The collaboration brings together Seabury’s global aviation advisory expertise with AFRAA’s strong regional presence to further develop the airline industry in Africa.
Layne Grindal, Managing Director & Partner at Seabury, commented, “We are pleased to partner with AFRAA to support the growing demand for aviation across the African continent. Seabury has served as a trusted advisor to airlines across the world for 30 years, including numerous critical assignments with African airlines. We look forward to collaborating with AFRAA to advance Africa’s aviation sector and delivering our industry-leading advisory capabilities to its member airlines.”
Speaking at the partnership announcement, AFRAA Secretary General, Abderahmane Berthé stated: “AFRAA welcomes Seabury Aviation Partners as a partner. This partnership marks a significant step in fortifying Africa’s aviation ecosystem. Seabury’s global advisory excellence and proven methodologies will directly empower AFRAA member airlines to optimize operations, accelerate commercial opportunities, and navigate complex market dynamics. Together, we’re building essential capabilities to unlock Africa’s aviation potential.”
This partnership aligns with AFRAA’s 2025 priorities: accelerating route development and intra-African connectivity, enhancing the economic sustainability of African carriers, promoting social and environmental responsibility, and elevating safety standards across the continent’s aviation sector.
About Seabury Aviation Partners
Seabury Aviation Partners is a leading aviation investment banking and advisory firm, focused on providing investment banking, aircraft acquisition and financing, restructuring, business planning and other services to airlines and other participants in the aviation industry. Seabury Aviation Partners is part of Seabury Capital Group, which operates a number of specialty finance, investment and merchant banking, technology, and software companies with a core focus in aviation, aerospace & defense and financial services & technology.
For Seabury media enquiries, please contact: pr@seaburycapital.com
About AFRAA
The African Airlines Association (AFRAA) is the leading trade association of African airlines. Founded in Accra, Ghana, in April 1968, and headquartered in Nairobi, Kenya, AFRAA’s mission is to promote, serve African Airlines and champion Africa’s aviation industry. The Association envisions a sustainable, interconnected and affordable Air Transport industry in Africa where African Airlines become key players and drivers to African economic development. AFRAA membership cuts across the entire continent and includes all the major intercontinental African operators. The Association members represent over 85% of total international traffic carried by African airlines. Facebook, LinkedIn, X and YouTube.
For more information, please contact: AFRAA: afraa@afraa.org
NEW YORK – May 19, 2025 – Seabury Securities LLC (Seabury”) announced today that the company served as an investment banker, lead placement agent, as well as a financial advisor and sole restructuring advisor, in securing a $ 1.9 billion 5-year senior secured debt financing for one of the leading airlines in Brazil, GOL Linhas Aéreas Inteligentes S.A. (“GOL”).
“We are very pleased to have supported the GOL team in successfully executing this exit financing, which will allow the airline to emerge from the Chapter 11 process,” commented John E. Luth, Chairman, President & CEO of Seabury Capital Group. “This financing is another major success in our 30-year history, and I would like to thank our Seabury team members for their dedication, hard work, and professionalism in bringing this to fruition.”
According to GOL, the exit financing will be used to repay the obligations under the debtor-in-possession financing entered into by the company and its subsidiaries in connection with entry into the Chapter 11 cases and to pay transaction costs. The financing will also enhance GOL’s liquidity position following its emergence from the Chapter 11 cases, providing working capital and other support for business operations moving forward.
View the airline’s official announcement at: https://www.prnewswire.com/news-releases/gol-secures-1-9-billion-of-5-year-exit-financing-302457695.html.
Strategic advisor to Confidential Airline on the purchase of widebody and narrowbody aircraft valued at $46 billion
Investment banker on GOL’s $1.0 billion Debtor-in-Possession Financing
NEW YORK – August 28, 2024 – SAS has successfully completed its restructuring proceedings and emerged from Chapter 11 in the U.S. and from Swedish company reorganization with US$ 1.2 billion of new capital investment, marking the start of a new era for the airline.
“By successfully concluding its comprehensive business and financial transformation plan, SAS today emerges as a financially robust and competitive airline,” commented John E. Luth, Chairman, President & CEO of Seabury Securities. “With a strengthened capital structure, an experienced management team, and an attractive new customer offering together with joining the SkyTeam global alliance, as well as a commitment to driving transformational change and sustainability in aviation, SAS will remain a leader in our industry for generations to come. Seabury Securities and its aviation professionals, Seabury Aviation Partners, proudly supported the SAS team as investment banker and restructuring advisor in carrying out their impressive efforts to transform SAS into a strong competitive airline connecting Scandinavia to the world.”
Read the official announcement at: https://www.sasgroup.net/newsroom/press-releases/2024/sas-enters-a-new-era-as-scandinavias-leading-airline-following-successful-emergence-from-restructuring-proceedings/
Pictured (left to right): Gary Holtzer, Weil Gotshal, lead restructuring attorney,; Anko van der Werff, President & CEO, SAS; John Luth, Chairman, President & CEO, Seabury Capital Group.
NEW YORK – March 20, 2024 – The Seabury Aviation Partners and Seabury Securities teams congratulate SAS on obtaining the approval of its plan of reorganization from the U.S. Bankruptcy Court for the Southern District of New York. Seabury served as co-lead investment banker and sole restructuring advisor.
Over the course of the chapter 11 process, SAS has successfully reconfigured its aircraft fleet and reached amended lease agreements with 15 lessors, representing 59 aircraft. Through the amended lease agreements, SAS expects to achieve the targeted annual cost savings of at least SEK 1.0 billion in reduced aircraft lease expenses and annual cash flow items relating to aircraft financing. The agreed exit financing transaction with Castlelake, L.P. includes a total investment in reorganized SAS corresponding to USD 1,200 million, which includes USD 475 million in new unlisted equity and USD 725 million in secured convertible debt.
“This is the first Chapter 11 case involving a European publicly traded company, and this case was exceptionally complicated, given the involvement of three sovereign European countries’ governments,” said John E. Luth, Chairman, President & CEO of Seabury Capital Group. “We are honored to have served in a lead role in this milestone case, and are pleased that SAS is now well positioned to compete as one of the world’s leading airlines.”
Read the official announcement at: https://www.sasgroup.net/newsroom/press-releases/2024/sas-receives-court-approval-of-chapter-11-plan/