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Monday, 17 September 2012

Recession brings small business rivals closer together





Small and medium-sized firms are increasingly looking to work with their competitors to expand during the recession.
A third of smaller companies believe that working with rivals will help their firm grow most in the next 12 months.
This compares with 21 per cent that say resolving the eurozone crisis would be the greatest help.
The survey of more than 1,000 small firms by food delivery company Just Eat found that many were already working with other businesses from their industry or area, with just 14 per cent saying they never worked with competitors.
However, nearly a quarter said they were less likely to co-operate with a rival if the economy improved suggesting that the recession has been bringing firms together.



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Families enjoy thrill of Aviation Festival at Max Westheimer Airport




NORMAN — Saturday marked the 6th Annual Aviation Festival at OU’s Max Westheimer Airport.

The event featured a variety of airplanes and helicopters as well as youth activities, radio controlled airplanes, tours of the control tower and several participating agencies.

Adults and children of all ages looked inside of planes, toured an Army helicopter and tested the sirens in police vehicles. Law enforcement, the fire department, the Sooner Aviation Club and others all had displays available for visitors to check out.

“We’ve lived here over seven years and this is only the second time we’ve been here,” said Norman resident Liz Robertson.

Robertson the kids really enjoy it, like playing the games and they even won a T-shirt.

“I like everything about today,” said Robertson’s son Porter.

First time attendee of the festival, Hal Folmar of Norman said he was looking forward to touring the Army helicopter and seeing the airplanes.

“Everybody loves airplanes,” Folmar said.

Pilots were also enjoying the day visiting with the crowd.

“I enjoy the people,” said Norman pilot Craig Parker.

Parker has been a pilot for 34 years and has been attending the Aviation Festival for the past four years. He flew in his Cirrus SR-22 airplane which he has owned for four years and has put just over 500 hours on.

“I come every year to help support the airport and to support general aviation,”


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Aviation Stakeholders Caution Fani Kayode
AllAfrica.com
The former Minister of Aviation, Chief Femi Fani-Kayode has been cautioned against making statements that tend to connote insensitivity and promotes fear and apprehension. This was contained in a statement by the Aviation Stakeholders Squaretable in ...
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Mark to Market | A sigh of relief for airlines
Livemint
The much-needed reform in Indian aviation has finally come through. Stocks of three listed airlines—Kingfisher Airlines Ltd, Jet Airways (India) Ltd and SpiceJet Ltd moved up on Friday in the range of 2-8%, perhaps in anticipation of the announcement.
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Livemint
Aviation, retail & cable stocks likely to zoom on FDI move
Moneycontrol.com
Aviation, retail & cable stocks likely to zoom on FDI move. Stocks of aviation, retail and cable companies are likely to be on buyers' radar when the share market opens on Monday - the first day of trade after the government decided to open these ...
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India to allow foreign investment in retail, aviation
NBCNews.com (blog)
India to allow foreign investment in retail, aviation. Divyakant Solanki / EPA. An Indian vendor takes a nap at the wholesale and retail market in Mumbai, India, Sept. 15. India decided on Sept. 14 to open its retail sector to foreign supermarkets, in ...
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What's deterring foreign airlines holding stakes in Indian carriers?
New York Daily News
Several overseas carriers contacted by IANS and aviation watchers cited high jet fuel cost, an extremely price-sensitive market, huge debt of the carriers and contracting domestic passenger traffic as the reasons. The government Friday allowed foreign ...
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Families enjoy thrill of Aviation Festival at Max Westheimer Airport
Norman Transcript
Law enforcement, the fire department, the Sooner Aviation Club and others all had displays available for visitors to check out. “We've lived here over seven years and this is only the second time we've been here,” said Norman resident Liz Robertson.
See all stories on this topic »
Bahrain's contributions in the aviation sector showcased at the aviation ...
AME Info
As part of the Ministry of Transportation Civil Aviation Affairs active involvement with the International Civil Aviation Organisation (ICAO), His Excellency Kamal bin Ahmed Mohammed, Minister of Transportation, had a meeting with the ICAO's Chairman, Mr.
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AME Info
Egypt's commercial aviation authorities choose air traffic control information ...
Avionics Intelligence
Egypt's commercial aviation authorities choose air traffic control information technology from COMSOFT GmbH. September 16, 2012. Posted by John Keller. CAIRO, 16 Sept. 2012. Officials of the National Air Navigation Services Co. (NANSC) in Cairo needed ...
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Saturday, 15 September 2012

Arizona Board Dismissed Flight School Regulation Claim




Part 61 flight schools are not subject to the regulations and fees intended for “private vocational programs,” the Arizona State Board for Private Postsecondary Education decided at a meeting Aug. 26.

The board considered reinterpreting current Arizona law in a way that would classify Part 61 flight schools as vocational schools, making them subject to regulatory requirements and fees similar to those in a controversial new California law. It decided that Part 61 schools do not generally meet the definition of a vocational program, and voted unanimously to take no additional formal action on the issue.

AOPA Western Regional Representative Stacy Howard testified about the potential effects of adopting a new interpretation of the law and argued that there is no clear applicability of state law to Part 61 flight training. Part 141 schools are explicitly exempted from the regulations in question, and Part 61 schools have always been considered exempt as well.

“The misapplication of this law could have done more harm than good and would have had a negative effect on the availability and affordability of flight training in Arizona,” said AOPA Vice President of Airports and State Advocacy Greg Pecoraro. “We appreciate careful deliberation of the board and its thoughtful decision on this matter.”

As with the California law, the Arizona proposal was intended to protect the financial wellbeing of students. But AOPA explained that it could result in the same unintended consequences: saddling upstanding flight schools with a financial burden that may be insurmountable for some.




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Carlyle Group To Buy Landmark Aviation: Reports




(RTTNews) - Private equity firm Carlyle Group LP (CG:Quote) will buy Landmark Aviation from GTCR Golder Rauner and Platform Partners for $625 million, according to reports. Landmark Aviation operates one of the largest fixed based operation networks in the world, with 51 locations throughout the United States, Canada and France.

The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2012. Terms of the transaction were not disclosed.

Equity capital for the transaction will come from Carlyle Partners V, a buyout fund, Carlyle Group said in a statement. Morgan Stanley, RBC Capital Markets and Barclays have agreed to provide debt financing for the deal.

For Carlyle, this will mark the second time it has owned Landmark. The Washington D.C.-based formed the company in 2004 when it combined three businesses: Garrett Aviation Services, Piedmont Hawthorne and Associated Air Center. The firm sold Landmark in 2007 to aircraft leasing and maintenance company Dubai Aerospace Enterprise in a deal valued at $766 million.

GTCR and co-investor Platform Partners LLC acquired the company for $435 million from Dubai Aerospace Enterprise, with GTCR investing out of its ninth fund, a $2.75 billion vehicle raised in 2006.




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Daily News & Analysis
with a multiple FDI move, opening up multi-brand retail, aviation, broadcasting and power-trading exchanges. It was an unexpected move given the fact that the scam-tainted government had been believed to be down and out but the prime minister told his ...
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Civil aviation ministry seeks transparency in ATF pricing
Zee News
Kolkata: The civil aviation ministry has written to the petroleum and natural gas ministry for transparency in pricing of aviation turbine fuel (ATF) to bring down prices of air tickets and improve connectivity. "We have written to petroleum ministry ...
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Zee News
After diesel, jet fuel price raised by 2 per cent
India Today
Days after diesel rates were hiked by a steep Rs 5.63 per litre, Jet Fuel price was on Saturday raised by about 2 per cent to Rs 73,711 per kilolitre in India. Saturday's increase in aviation turbine fuel (ATF), or jet fuel, price comes on the back of ...
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Corporate America, media hail India's 'big bang' reforms
Times of India
New Delhi's "courageous resolve to move on these complex reforms" opening the door to foreign investment in retail, aviation, broadcast and power exchanges "serves as an assurance to investors that its economic liberalisation agenda is back on track ...
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Carlyle Group To Buy Landmark Aviation: Reports
RTT News
(RTTNews) - Private equity firm Carlyle Group LP (CG:Quote) will buy Landmark Aviation from GTCR Golder Rauner and Platform Partners for $625 million, according to reports. Landmark Aviationoperates one of the largest fixed based operation networks in ...
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Policy change will elevate mood of the sector: Ajit Singh, Minister, Civil ...
Economic Times
As the government takes the crucial decision of allowing foreign airlines to buy up to 49% stake in Indian airlines, civil aviation minister Ajit Singh has stolen the limelight for pushing this policy initiative within a few months of taking charge of ...
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