Seabury Partners with XOJET to Raise $363 Million in Aircraft Funding

NEW YORK, September 26, 2007 – Seabury today announced that it served as financial advisor to XOJET, the world's fastest-growing private aviation company, in securing $363 million in equity, debt and aircraft lease financing from TPG and Lehman Brothers Global Principal Strategies (GPS).

This investment will allow XOJET to meet expanding customer demand for its innovative private jet ownership, leasing and on-demand solutions. XOJET will leverage the additional capital to grow its operations and expand its fleet to serve its rapidly expanding customer base. XOJET funding raised to date now totals $542 million.

The experience of the team at Seabury was invaluable in this round of financing. We look forward to working together on our future fleet expansion to deliver the best service and economics to our customers,” said Paul Touw, president and CEO of XOJET.

XOJET is the first company to provide a complete range of private jet ownership, leasing and on-demand travel solutions built especially for the most frequent business jet fliers. The company's strategy is to combine the service, access and exclusivity of owning a jet with the efficiencies and operational rigor of successful commercial airlines. XOJET's customers include more than 500 executives, leading corporations and influential individuals for whom flying private is essential.

XOJET's business model is differentiated by key strategies including:

• Combining guaranteed availability and on-demand service to quadruple the industry averages for aircraft utilization, delivering dramatic cost efficiencies to customers;
• A modern pilot culture where every XOJET pilot is empowered to provide exceptional customer service and where career progression is based on accomplishment, skills, and safety.
• Investing in airline-grade scale and safety processes to significantly improve reliability, performance and customer service;
• Standardizing on a single, popular aircraft class, a practice common to several successful commercial airlines.

Seabury is the leading independent transportation-focused investment banking and advisory firm serving aviation, aerospace, cargo and maritime on a global basis, in three different areas: investment banking, corporate recovery/restructuring and a broad range of management consulting services. The company's professionals have advised over 100 clients worldwide in the airline, aerospace, cargo/logistics and maritime sectors, as well as private equity investors interested in those sectors. Seabury has led or been a significant participant in seven of the 10 largest airline financial or operational turnarounds around the globe in the last 15 years.

Contact: Karen C. Cook
Director of Communications
kcook@seaburygroup.com
+1 212 475 8132