EASA Part 21 Design Organization Approval Expands Capabilities
NEW YORK, August 2, 2010 – Seabury Capital LLC, a global investment banking, management advisory and investment management firm, today announced that SGI Aviation Group B.V. (SGI), a Seabury Capital company, has been successful in securing European Aviation Safety Agency (EASA) Part 21 Design Organization approval.
“In September 2009, the SGI was already awarded EASA Continued Airworthiness Management Organization (CAMO) approval under Part M, subpart G & I. The addition of the Part 21 Design capability expands the portfolio of services provided to the airline and leasing community.
The Design Organization specializes in interior and avionic modifications including
- Cabin interior (LOPA) and equipment changes
- Avionics Installations including IFE, ELT, Mode S and SELCAL changes
- Emergency equipment layout and placard changes
- Livery, registration and lease plate installations
Mr. Liam Sisk, Head of SGI Aviation’s Design Organization, said: “I would like to thank the design team for their contribution to achieving a significant milestone for SGI Aviation. This is an important step in completing the range of support services SGI Aviation offers to the airline and leasing community. Provision of Part 21 design services complements our existing Part M CAMO, Technical and Engine Advisory services, and ensures that its customers can be confident of obtaining optimum solutions to their needs.”
About SGI Aviation Group
SGI Aviation Group B.V. is the leading global independent technical advisor to the aviation and aerospace industry, handling all aspects of technical services, asset management, aircraft quality, safety and regulatory reviews. SGI has approximately 45 employees across four continents with principal headquarters in Amsterdam and additional offices in Dublin, Fort Lauderdale, Dallas/Fort Worth and Singapore. The European Aviation Safety Agency promotes the highest common standards of safety and environmental protection in civil aviation in Europe and worldwide. It is the centerpiece of a new regulatory system which provides for a single European market in the aviation industry.
About Seabury Capital
The 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 providing advisory services to a broad range of industries including aerospace, automotive, aviation, cargo, consumer products, distribution, financial services, gaming, infrastructure (ports and airports), logistics and maritime and manufacturing. Seabury has advised more than 500 client relationships spanning 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., with additional offices in Fort Lauderdale, Fla., 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.
Recent assignments include advising a major Asian flag carrier on strategic network review and new widebody aircraft competition (2009-2010); providing a comprehensive profit improvement program for a premier Middle East carrier (2010); 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) and restructuring and raising of $750 million of equity for Northwest Airlines (September 2007), for which Seabury was awarded Airfinance Journal’s “North American Deal of the Year”.
For more information, please visit: www.seaburygroup.com