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  2. And I always find it interesting how people can simply ignore the reality that maybe (perhaps) other factors may be in play, and that things might, just maybe, be more complicated than they think. Let me propose the notion that airline tickets are expensive because greedy airline Captains are padding their gold plated pensions. Bet I can find a few people who agree with that sentiment too. Sure I’ve been retired for a few years but I’ll bet the people making that assertion have overlooked a few additional considerations. Maybe things like the systemic inertia in meeting a sudden surge in demand, the expense of bringing crews back on line, the fact sim time might be scarce, that sim techs need to be hired back, or parts may be tied up in supply lines, or that you fired 3 of your top TRI/TRE pilots because of mandates and 3 more just retired out of sympathy. So you tell your CSAs to con me into thinking that all of those hundreds of cancellations are due to weather. Maybe you want me to believe that the weather only affected your airline. Well, my point is I don't believe it. You need a better story. In short, I’m pointing out that with a few key strokes I still have the ability to find out the weather for myself and I don't like being lied to. I'll even suggest that government and media lies have reached a point where average people are looking around and noticing that none of it lines up with what they see with their own eyes. I think the general public is starting to feel like young soldiers in foreign desserts when they read about what the media says they're doing.
  3. Today
  4. GÖTEBORG, Sweden, Dec. 6, 2021 /PRNewswire/ -- SKF has reached a significant milestone, with a total of EUR 300 million now allocated to investments in accordance with SKF's Green Finance Framework. The funding comes from the Group's 10-year Green Bond and is an important part of SKF's... View the full article
  5. PARDUBICE, Česká republika, 6. decembra 2021 /PRNewswire/ -- Spoločnosť EcoFlow, ktorá sa zaoberá riešeniami prenosného napájania a obnoviteľných zdrojov energie, predstavila 6. decembra svoj vianočný výpredaj, v rámci ktorého ponúka zákazníkom zľavy na celý rad vybraných produktov. Či už... View the full article
  6. PARDUBICE, República Checa, 6 de diciembre de 2021 /PRNewswire/ -- EcoFlow, una empresa de energía portátil y soluciones de energía renovable, dio a conocer su oferta de Navidad el 6 de diciembre, ofreciendo a los clientes descuentos en una variedad de selecciones de productos. Ya sean... View the full article
  7. ПАРДУБИЦЕ (Чехия), 6 декабря 2021 г. /PRNewswire/ -- Компания EcoFlow, ведущий производитель портативного оборудования для энергоснабжения, в том числе возобновляемой энергии, объявила о начале новогодней и рождественской распродажи 6 декабря. Представители семейства портативных... View the full article
  8. PARDUBICE, Republika Czeska, 6 grudnia 2021 r. /PRNewswire/ -- EcoFlow, spółka oferująca przenośne systemy zasilania i rozwiązania oparte na energii ze źródeł odnawialnych, ujawniła szczegóły przedświątecznej, zaplanowanej na dzień 6 grudnia wyprzedaży, w ramach której zaoferuje klientom... View the full article
  9. RedHill accélère ses deux programmes cliniques avancés de comprimés destinés à traiter le COVID-19 à la lumière de leur efficacité potentielle contre le variant Omicron Agissant indépendamment de la mutation de la protéine transitoire, les mécanismes d'action uniques de ciblage de l'hôte... View the full article
  10. RedHill beschleunigt die Entwicklung seiner beiden fortgeschrittenen klinischen COVID-19-Programme im Hinblick auf ihr Potenzial als Tablette gegen Omicron Opaganib und RHB-107 wirken aufgrund ihrer einzigartigen, auf den Wirt ausgerichteten Wirkmechanismen, unabhängig von einer Mutation... View the full article
  11. PARDUBICE, République tchèque, 6 décembre 2021 /PRNewswire/ -- EcoFlow, une entreprise de solutions d'alimentation portable et d'énergie renouvelable, a dévoilé sa vente de Noël le 6 décembre, offrant aux clients des réductions sur une gamme de sélections de produits. Qu'il s'agisse de... View the full article
  12. PARDUBICE, Česká republika, 6. prosince 2021 /PRNewswire/ -- Společnost EcoFlow, která se zabývá přenosnými zdroji energie a obnovitelnou energií, zahájí 6. prosince vánoční výprodej a nabídne zákazníkům slevy na řadu vybraných produktů. Slevy na produkty z přenosné řady RIVER i výkonné... View the full article
  13. NEW YORK, Dec. 6, 2021 /PRNewswire/ -- The "Natural Gas Refueling Stations Market by Technology (CNG and LNG), Type (fast-fill stations and time-fill stations), and Geography (APAC, North America, Europe, MEA, and South America) - Forecast and Analysis 2021-2025" report has been added to... View the full article
  14. I always find it interesting when people call others brainwashed while ignoring that they might also be so described for their POVs. I guess it all depends upon the brand of soap used for the washing.
  15. The brainwashed are a force to be reckoned with alright. I think that's because reality cares little for imagined, invented or theoretical ideas. It may be hard to believe, but firing a bunch of people (all at once) during the course of an ongoing labour shortage might actually aggravate the situation. This lesson in reality will continue until the goddess of reality is satisfied that we collectively accept her right to exist. If you don't believe that stay the course, she's just getting warmed up... https://torontosun.com/business/money-news/canadian-employers-facing-labour-shortage-accommodate-the-unvaccinated
  16. BEIJING and SHANGHAI and BOSTON, Dec. 5, 2021 /PRNewswire/ -- Jacobio Pharma (1167.HK) has received the Investigational New Drug (the "IND") approval of the combination therapy of KRAS G12C inhibitor JAB-21822 and Cetuximab injection from the Center for Drug Evaluation of China (the... View the full article
  17. but has he grown beyond that time?
  18. Flair Airlines is expanding rapidly, but internal discord and regulatory scrutiny raise questions about its ambitious growth – Canadian Aviation News (wordpress.com) Flair Airlines is expanding rapidly, but internal discord and regulatory scrutiny raise questions about its ambitious growth 5 December 2021Canadian Aviation News From The Globe and Mail – link to source story ERIC ATKINS, TRANSPORTATION REPORTER, THE GLOBE AND MAIL | 4 DECEMBER 2021 Flair has announced plans to lease and fly 13 Boeing 737 Max passenger jets.HO/THE CANADIAN PRESS 30 COMMENTSSHAREBOOKMARKLISTEN TO ARTICLE It’s early 2021, and almost a year into the pandemic the skies around Canada’s airports are mostly quiet. Porter and Sunwing are grounded, Air Canada, WestJet Airlines and Air Transat are operating a small number of daily flights, cancelling orders for new planes and losing millions of dollars every day as air travel in much of the world is halted. It’s a different picture at Flair Airlines, the tiny discount carrier based in Edmonton. On Jan. 27, Flair announced plans to lease and fly 13 Boeing 737 Max passenger jets. The bigger fleet would fly new routes to eight Canadian cities – 18 by the summer. “With this order, Flair is well on the way to achieving its ‘F50′ ambition of growing to 50 planes within five years,” said Flair, which at the time had just three 737s, two of which were essentially grounded by the pandemic. The new planes would be leased from 777 Partners, the Miami-based private equity company that owns 25 per cent of Flair and is a major creditor to the airline, which bills itself as a low-cost alternative to its large rivals. It was a bold move, coming as the global airline industry was in crisis and largely grounded. Canadian airlines were seeking billions in aid from Ottawa to cover rent and other costs as thousands of aviation workers were at home or working on wages topped up by government subsidies. Flair unveiled another step in its expansion last month, with the planned addition of Mexico and other vacation destinations, and added Hollywood Burbank to its growing list of U.S. destinations. But as Flair plotted its rapid expansion, one finance official warned the airline’s top executive that the plan was too risky. Jocelyn Harris, Flair’s vice-president of finance until the end of 2020, said she advised chief executive officer Stephen Jones that the airline could not afford the expansion, given that it was almost completely shut down and could not pay its bills. “I couldn’t comprehend it,” Ms. Harris said of the plan to lease planes from 777 Partners. “In the fall we were completely insolvent, and they were going to go and sign on these contracts for these planes.” Ms. Harris, who has filed a wrongful dismissal and harassment lawsuit against Flair, alleged in a court filing and interview that 777 Partners was calling the shots at Flair. She said she warned executives that the control exerted by the U.S.-based company was a possible violation of Canadian laws. A foreign investor cannot hold more than 25 per cent of a Canadian airline’s shares, nor is it allowed to take charge of company decision-making, known by the regulator as “control in fact.” Ms. Harris’s allegations come amid a tumultuous time for the airline industry, which is facing new travel restrictions due to the Omicron variant. Flair is also facing a lawsuit from its largest Canadian investor, Prescott Strategic Investments, which is partly owned by Jim Scott, Flair’s former CEO. The Globe and Mail has learned that the Canadian Transportation Agency, the airline industry regulator, is investigating Flair’s financial arrangement with 777 Partners, which was founded in 2015 by Steven Pasko and Joshua Craig Wander. “Flair is required to comply with the Canada Transportation Act’s Canadian ownership and control requirement to hold its licences,” the CTA said in a statement to The Globe. “In assessing the control in fact requirement, the CTA considers a number of factors, including any implications that may arise from the leasing of assets from non-Canadians. There is, however, no specific restriction precluding the leasing of assets from non-Canadians. “CTA staff are aware of the arrangement between Flair and its U.S. investor, and is currently looking into the situation,” said the regulator, a quasi-judicial body that has the power to levy fines, sanctions or suspend operating licences. The CTA said the Flair investigation has not yet been referred to a panel. Mr. Jones, Flair’s CEO, said in a statement that his airline is “58-per-cent owned and controlled by Canadians, well above the minimum standard established under federal regulation.” Flair lawyer Mike Wagner declined to comment on the lawsuit filed by Prescott, citing a publication ban and sealing order on the file sought by Flair. Justice Ward Branch of the B.C. Supreme Court on July 12 issued a publication ban on the lawsuit and sealed the file. In an e-mail, Mr. Wagner said the publication ban prevented him from saying why he sought the publication ban. Mr. Scott and Prescott lawyer Steve Warnett declined to comment. Prescott also named 777 Partners in the suit. The investor declined to comment. Ms. Harris, who left the airline on Dec. 31, 2020, alleges she was fired in retaliation for her complaint about harassment by Juan Arciniegas, a 777 Partners executive who was working at the Edmonton office. She also alleges she was let go for “raising concerns with respect to the increasing control of 777 Partners, contrary to the Canada Transportation Act,” according to her statement of claim, which has not been proven in court. “Flair is vigorously opposing these unsubstantiated allegations through all proper legal channels,” Mr. Jones said. Michael Robinson, a spokesman for 777 Partners, said Ms. Harris’s claims of “verbal harassment and bullying” are “without merit and will be vigorously defended should an attempt be made to involve the company.” Mr. Robinson said the CTA inquiry is a routine part of the regulator’s “routine ownership stake review,” adding that “777 Partners has, and will continue to, assist Flair in any dialogue the CTA wishes to have with the airline.” In 2019, 777 Partners bought a 25-per-cent stake in Flair for an undisclosed amount. Flair, in a statement announcing the investment, said 777 Partners’ “financial strength” would help it grow and compete with Canada’s two dominant airlines. The private equity investor does not disclose financial data. It made headlines in the sporting world in September with the purchase of Italy’s oldest professional soccer team, Genoa Cricket and Football Club, for a reported US$175-million. Its other investments include Synchrono Group Inc., a North Carolina-based insurance underwriter. Its aviation stakes include Air Black Box, a technology platform that allows a handful of Asian airlines to cross-sell seats; World Ticket seat-sales software; and Bonza Aviation, an Australian low-cost airline slated to launch in 2022 with two or three Boeing 737s. The investor has also bought the rights to use the name World Airways Inc., the U.S. carrier that stopped flying in 2014. “Our senior management team is composed of industry veterans with backgrounds in private equity, venture capital, investment banking, financial technology, insurance, actuarial science, asset management, structured-credit, risk analytics, complex commercial litigation and computer science,” the company’s website says. “We partner directly with our management teams and portfolio companies to build long term value for all stakeholders.” In 2004, 777 Partners co-founder Mr. Wander was convicted of cocaine trafficking in a Florida court, pleading no contest to the charges. He received 16 years’ probation, according to Florida court records. According to a news report on his trafficking case, the then-22-year-old admitted that a package containing 31 grams of cocaine was for him and a friend. He reportedly avoided a jail term of as long as 26 years with his plea. Flair and 777 Partners representatives did not address questions about Mr. Wander’s criminal record nor grant an interview with him. “The company will not comment on any legacy issues regarding Mr. Wander’s distant past,” Mr. Robinson said. Jamina Kotak, Flair’s chief of staff, said in an e-mail that the airline is “pleased to be associated with Mr. Wander and 777 Partners. We could not imagine a more supportive director, shareholder and lender.” The 737s that 777 Partners will lease to Flair are among the 24 aircraft the private equity company is buying from Boeing. The deal includes an option to buy another 60 of the aircraft. Flair this month is flying nine 737 Max aircraft, five of which are leased from 777 Partners and four from an unrelated company, Ms. Kotak said. Ms. Harris said Flair owed about $129-million to 777 Partners at the end of 2020. The loan came with 18-per-cent interest. The airline’s executives and Mr. Wander held talks with government lenders Export Development Canada and the Business Development Bank of Canada for emergency financing but were turned down, Ms. Harris said. Flair declined to answer questions about its financial picture. “As a private company, Flair generally does not publicly disclose or discuss its confidential financial information, which includes among other things debt, financing, lending and aircraft leasing details,” Ms. Kotak said. “Flair has benefited from a tremendous amount of support from its vendors throughout the COVID pandemic. Several vendors agreed to defer payments.” To be granted an air operating licence to fly from point to point in Canada, an airline must be majority-owned by Canadians. Foreign ownership is capped at 49 per cent, or 25 per cent for a single individual or entity. In addition, the airline must be controlled in fact by Canadians. According to the CTA’s website, “control in law is generally shown by owning enough shares to carry the right to a majority of votes. Control in fact goes beyond control in law as it includes the ability to exert control by any direct or indirect influence. “Although the term is not defined in the [Transportation] Act, the agency considers control in fact to be: the power, whether exercised or not, to control the strategic decision-making activities of an enterprise and to manage and run its day-to-day operations,” the CTA says. “Those who may have the power to influence a company’s decisions can include minority owners, designated representatives, financial institutions, employees and others.” Ms. Harris said 777 Partners stayed out of the aircraft operations and maintenance component of the airline. “But on the commercial [side] – the schedule, what planes we were going to fly, how are we going to advertise and market, and the vendors we engaged with – it felt everything had to be almost run through them,” she said. David Gillen, a transportation professor at the University of British Columbia, said the leases do not appear to violate Canada’s foreign ownership laws. “The lessor might wield a lot of weight in decision-making but they are not an owner, any more than the bank holding one’s mortgage is an owner – unless of course, you cannot make a payment, at which time they might become an unintentional owner,” Prof. Gillen said. The rules are intended to ensure Canadians make the decisions that affect domestic airlines, said John Gradek, who teaches aviation leadership at McGill University. “If Flair is trying to disrupt the Canadian marketplace without really having to follow the same rules and the same practices as other Canadian carriers, it gives them an unfair competitive advantage,” he said. Other domestic carriers would welcome the chance to have greater access to foreign funding, he added. Flair drew the attention of the regulator due to the nature of its financial arrangements with 777 Partners, Mr. Gradek said, leasing planes from the same part-owner and lender. “I think it was the fact that 777 Partners … was the entity that really wanted to deploy airplanes into Canada,” he said. The Flair investigation appears to be at the initial stage of fact gathering to support a recommendation of action or dismissal. “And then it’s handed up to the [CTA] panel for them to do the adjudication and the formal issuance of CTA order, if one is required,” Mr. Gradek said. “If it’s a serious enough breach of regulations and practices they can look at … monetary penalties or they can make a recommendation to Transport Canada for a regulatory remedy, including suspension of the airline operating licence.” Related
  19. SINGAPORE, Dec. 5, 2021 /PRNewswire/ -- Xen Capital announces it has raised US$7.5 million in a Series A round led by Headline Asia (formerly known as Infinity Ventures) to scale its B2B2C alternative investment platform. Xen Capital has created an open architecture client management... View the full article
  20. HONG KONG, 6 de diciembre de 2021 /PRNewswire/ -- La Fundación del Premio Yidan, la fundación filantrópica mundial detrás del galardón educativo más alto del mundo, organizó ayer la Cumbre del Premio Yidan 2021 y la Ceremonia de Presentación de Premios. El evento híbrido global reunió a... View the full article
  21. HONG KONG, 6 grudnia 2021 r. /PRNewswire/ -- Fundacja Nagrody Yidana (Yidan Prize Foundation), międzynarodowa fundacja filantropijna odpowiedzialna za przyznawanie najwyższych światowych wyróżnień w dziedzinie edukacji, była gospodarzem Szczytu Nagród Yidana 2021 (Yidan Prize Summit) i... View the full article
  22. HONGKONG, 6. decembra 2021 /PRNewswire/ -- Nadácia Yidan Prize Foundation, globálna filantropická nadácia, ktorá stojí za najvyšším svetovým ocenením v oblasti vzdelávania, včera usporiadala summit Yidanovej ceny a slávnostné odovzdávanie cien za rok 2021. Na hybridnom celosvetovom... View the full article
  23. HONGKONG, 6. Dezember 2021 /PRNewswire/ -- Die Yidan Prize Foundation, die globale philanthropische Stiftung, die hinter der weltweit höchsten Bildungsauszeichnung steht, veranstaltete gestern den Yidan Prize Summit 2021 und die Zeremonie zur Preisverleihung. Auf der globalen... View the full article
  24. HONG KONG, 6 décembre 2021 /PRNewswire/ -- La Fondation du Prix Yidan, la fondation philanthropique mondiale à l'origine de la plus haute distinction dans le domaine de l'éducation au monde, a accueilli hier le Sommet du Prix Yidan 2021 et la cérémonie de remise des prix. L'événement... View the full article
  25. HONG KONG, Dec. 5, 2021 /PRNewswire/ -- The Yidan Prize Foundation, the global philanthropic foundation behind the world's highest education accolade, hosted the 2021 Yidan Prize Summit and Awards Presentation Ceremony yesterday. The global hybrid event gathered policymakers and education... View the full article
  26. Yesterday
  27. As the political heat builds up on the overdue replacement of Canadas front line fighter aircraft, how long will it be before it is pointed out that our woke, feminist, virtue signalling prime minister was 11 YEARS OLD when the deliveries started on the F 18!!!
  28. AUSTIN, Texas, Dec. 5, 2021 /PRNewswire/ -- Aeglea BioTherapeutics, Inc. (NASDAQ: AGLE), a clinical-stage biotechnology company developing a new generation of human enzyme therapeutics as innovative solutions for rare metabolic diseases, today announced that it will host an investor... View the full article
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