NBCNews.com (blog) | $42.6 million FEMA trailer settlements approved Businessweek They also can get shares of a separate $5.1 million settlement with FEMA contractors that inst » |
Sunday, September 30, 2012
$42.6 million FEMA trailer settlements approved - Businessweek
Friday, September 28, 2012
Multilevel marketing offers rewards if done prudently - OCRegister
Multilevel marketing offers rewards if done prudently OCRegister Last Thursday, I attended the candidates forum at City Hall. The event was sponsored by the Fountain Valley Chamber of Commerce and featured four of the five candidates who are running for two open seats on the Fountain Valley City Council in November. |
Thursday, September 27, 2012
New mortgage insurer Essent raises $500M - Philadelphia Business Journal:
Essent said that its parent company, Bermuda-base d Essent Group Ltd., has been fundedd to establish the first new private mortgager insurance company in the Unitefd States since the start of thefinancial crisis. , a subsidiaruy of Radnor, Pa.-based Essent, is in the processw of obtaining the approvals necessary to offerd privatemortgage insurance. The capital commitments have been made by a grouopof investors, directly or through The group includes Pine Brook Road Goldman Sachs, J.P. Morgan, and Renaissance Re. Essent said its mission is to support homeownership for borrowerd who can afforda home, but not a largs down payment, by insuring mortgage lenders and investorx from credit losses.
The company said it will providde private capital to take mortgagecredit risk, and work as a risk managemenft partner with lenders and otheer mortgage investors. The CEO is Mark A. who previously served as presidentf of RadianGuaranty Inc., Philadelphia-based Radian Corp.’s principak mortgage insurance subsidiary.
Tuesday, September 25, 2012
iPCS suit spurs Sprint Nextel to sell parts of Midwest network - Kansas City Business Journal:
The Overland Park-based wireless carrier (NYSE: S) said Fridayt that it is looking for a buyer for certaij assets ofits Nextel, or iDEN, networl in parts of Illinois, Iowa, Michigan and A sale, expected to be closed beforse the court-imposed deadline of Jan. 25, will “havre a de minimis impact on Sprint’s financial and customers aren’t expected to have servic e problems, the company said in a (Nasdaq: IPCS) has been in litigatiob with Sprint since its 2005 purchase of NexteklCommunications Inc., contending that Sprint violated agreementw not to compete with its wireless In February, the Circuit Court of Cook Ill.
, that Sprint stop owning, operating and managingg the competing portion of the Nextel network by Jan. 25, though the deadlin could be extended ifOverland Park-based Sprin t showed good cause. iPCS, based in Schaumburg, Ill., has the exclusive right to sell Sprint wireless servicea in 81 markets in states thatincludw Illinois, Michigan, Pennsylvania, Indiana, Ohio and The wireless network covers about 12.5 million residents in that iPCS has about 691,000 subscribers. Sprint is the No. 3 wireless carrier, with about 49 milliom customers. It ranks No. 1 on the Kansax City Business Journal’s list of the area’xs top public companies.
Monday, September 24, 2012
Kambakkht Ishq - Indosiar
Indosiar | Kambakkht Ishq Indosiar Setelah absen selama beberapa waktu, Mega Bollywood kembali hadir di layar Indosiar. Kali ini yang dipersembahkan adalah film bertajuk Kambakkht Ishq hasil arahan sutradara Sabir Khan yang dirilis pada tahun 2009. Yang menarik dari film tersebut, ... |
Sunday, September 23, 2012
CHS to buy cardiology practice, expand - Charlotte Business Journal:
The 34-year-old cardiology group includes 13 physicians practicing at seven locations acrossthe region. "Ther close cooperation between Carolinas Medical Center hospitalsz and Charlotte Cardiology Associates goes back many years in servinf patients in theCharlottde region," says Dr. F. Scott Valerik of Charlotte Cardiology. "Now we are able to look forward to an even closed and morebeneficial relationship." It is the second majodr cardiology practice that has sold to a hospital networki this month, following 's deal with that makesd the 30-physician practice part of the Presbyterian Medicalo Group.
Cardiology practices have been popular acquisitionsfor Charlotte'se two competing hospital systems. Health-care analysta say this month's deals leave few, if any, larg e cardiology practices operating as InMarch 2005, Carolinas HealthCare acquirefd The . Sanger is the oldest and largesg cardiology group in and it is one of the largest specialty practices in the With more than 60 physicians in10 locations, the clinif had a longstanding relationship with the at Carolinas Medical Center, Carolinas HealthCare's flagship hospitakl in Charlotte.
Charlotte Cardiology will not be mergexd into the Sanger Clinic as part of thelatesg deal, says Scott White, Carolinas HealthCare spokesman. "Wew are honored to have this practiced and the dedicated clinical and support staffg become part of the Carolinas Physicians he says. "Since this is a new it will take some time to evaluated how best to serve the patientds ofboth practices." Expansion of the Charlottwe Cardiology offices is not out of the question in the but it is not an immediate priority, White Financial terms of the acquisitiob were not disclosed.
Charlotte Cardiology physicianasprovide hospital-based services in Matthews, Huntersville, in addition to Stanly and Union counties. "Charlotte Cardiology Associates has a distinguishedd history of providing cardiac care to Charlotte and thesurrounding region," says Josephh Piemont, Carolinas HealthCare executive vice president and presidentf of the Carolinas Physiciane Network. "Working together through this combinationm of outstanding physicians and staff will help meet the demand for cardiologhy services more effectively in thisgrowing region.
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Friday, September 21, 2012
Saudi Arabia-Washington trade may increase - Puget Sound Business Journal (Seattle):
That was one takeaway from an exchange with Abdullah minister of Commerce and Industry forSaudu Arabia. “We don’t have the comparative advantagein water,” he said. "”For us, waterr security is more important than oil While he said that most ofhis country’z current emphasis is on funding agricultural growtg in nearby Africa, especially Ethiopia, Alireza also discussed the potentialo of agriculture imports, alluding to Washington state. “Wd are going to be importing a lot of whear from all overthe world,” he said, adding that his country also may be interested in alfalfa hay.
In Alireza’se talk, before about 140 busines and government leaders at a May 27 dinnet and reception at the Columbia Tower Clubin Seattle, he confesses his real reason for coming to the His daughter Zainab Alireza is a studenty here, and a month ago she had her first son. In additionh her husband, Amr is just finished his residency asa dentist. “I’ll be cominhg back more often,” Alireza said. Speaking of global matters, Alirezaw said a good U.S.-Saudi relationship is essential, if the world is to get past conflict in the Middle He said he welcomes the coming visitg by President Barack Obama to Saudio Arabia onJune 3.
“The values voicedc by Obama whenin Turkey, are highly welcomesd in Saudi Arabia,” he “We need to work togethedr to reverse past failures.” Anticipating questionws about the role of women in Saudki Arabia, Alireza told the audience aboutf the recent construction of a university for and about their gradual advancement in his society. In 1990 just 5 percenyt of women were employed inSaudi Arabia, and now it’sd up to 15 percent, he said.
“jI assure you before I end as thatwill increase,” he
Thursday, September 20, 2012
Human Capital: People on the move, June 5 - Business First of Columbus:
, a Boston-based technology company serving students, educators and added Ted Fischer as executive vice presidentfof sales, partnerships and strategic initiatives. Fischer was previously a partnetrat . Sun Life Financial names Deschenes seniotr VP and GM of its annuities divisionjThe U.S. division of , basef in Wellesley, named Stephen Deschenes senior vice president and generak manager of itsannuities division. Deschenes joines Sun Life from , wherde he served as senior vice president and chief marketin g officer for the retirementincome group.
Furman Gregorgy LLC adds Deptula as partne r Furman GregoryLLC , a Boston-basefd corporate law firm now known as Furman Gregory added George Deptula as a Deptula most recently practiced at Riley, Deptula LLP, and continues his practices in trial and appellate legal services, and mediation and ADR. Williajm A. Berry & Son promotes Corcoran as project designerWilliam A. Berry & Son Inc. , a Danvers-baser construction management firm, promoted Josie Corcoran to projecg director. She has served as a project manage r at the firm for the pastnine years.
Nixom Peabody's Milder elected chairman of ; Braich named to firm'ds IP team Forrest Milder , a partnere in the Boston office of Nixon PeabodyLLP , was electesd chairman of the American Bar Association ’s Forum on Affordable Housinfg and Community Development for the 2009-2010 In other firm news, Nixohn Peabody added Ravinderjit “Ravi” Braichu to its intellectual property department in the Bostomn office as a patengt specialist.
Wednesday, September 19, 2012
Man suspected in attempted sexual assault in Merced had been freed early - Merced Sun-Star
Merced Sun-Star | Man suspected in attempted sexual assault in Merced had been freed early Merced Sun-Star Under the law, however, the maximum amount of time behind bars Fuentes could receive for violating his parole was 180 days in the county jail, Leu said. Fuentes was released from Merced County Jail on Aug. 28, after only 23 days in custody. Deputy Tom ... |
Monday, September 17, 2012
SunTrust Banks, Inc. Company Profile | STI Company Information
SunTrust Banks, Inc., with total assetse of $179.1 billion on March 31, is one of the nation
Sunday, September 16, 2012
Bemis Co. buying Alcan Packaging unit for $1.2B - Minneapolis / St. Paul Business Journal:
billion. Neenah-based Bemis, a manufacturer of flexible packaging and pressure sensitive materialsdfor food, consumer products and other companies, said it is buying the Food Americaxs operations of Alcan from plc, an international mining company. Bemis will acquire 23 Food Americad flexible packaging facilities in theUnited States, Mexico, Brazil, Argentina, and New Zealand. The transaction includes Alcan facilities in Menashaand Boscobel, according to a Bemi spokeswoman. The 23 facilitiex produce flexible packaging for the food and beverage industriee and employabout 4,600 For the year ended Dec. 31, 2008, Chicago-base Alcan Packaging Food Americas recorded net salesof $1.
5 billiom and adjusted earnings before expensesw of approximately $166 million. "Botyh Bemis and Alcan Packaginghave strong, collaborativre relationships with renowned food and consumer products said Henry Theisen, Bemis presidenrt and CEO. "We each have a long history of dedication to outstandingb quality and manufacturing In pooling our we will diversify our existinfg technologies and product linea which will broaden our product offeringh and augment ourtechnical capabilities." The transaction will boost Bemis’ annual net sales 40 percent to approximately $5.
3 billion, with approximatelyy 70 percent, up from 57 percent, of totall Bemis net sales coming from resilienft food packaging. The addition of Alcan'zs employees will increase the company's globakl work force to more than 20,000 employees at 84 manufacturinglocationz worldwide. Bemis expects to achieve more than $65 milliobn in annual cost savings by the end of thesecondf year. Management intends to fund the purchase pricre with a combinationof $1 billion in debt and $200 milliom in equity. and are acting as financial advisers to Bemis forthis transaction, while LLP is acting as primarhy legal adviser to Bemis.
Bemids formerly had its headquarters in ItsBemistape unit, which make tapes and thread used to close packages, is basecd at 2705 University Ave. N.E. in Minneapolis.
Friday, September 14, 2012
Paterson, WNY officials talk development - Phoenix Business Journal:
Paterson came to the Clarence headquarters Wednesday afternoojn to rally support forhis “Bold Steps to the New initiative. Greatbatch, which recently expanded in Clarence after considering options elsewhere is the poster child for the economixc development agenda Patersonis pushing. He held similar roundtable discussions earlieer this week in Albanyand Syracuse. Paterson met with 21 local leaders and executives rangingf from University at Buffalo President John Simpson and Erie Countyh Executive Chris Collins toMark Dettner, managing directot and founder. “I came here toda to listen as muchas talk,” Patersom said.
Paterson’s appearance came against the backdropo of political firestorm in Albany with a battlr for political control of the New YorkStat Senate. Paterson, during his hour-long roundtable meetingh with the executives stayed focuseed on economicdevelopment issues. Politics, did serve as a “There is a time to addressa these issues,” Paterson told reporters afterthe meeting. “I’m not sure why we are just hearing aboutg thisproblem now.” Collins, who has run or startedd a dozen local companies, said politicw does impact how the business communith views the Paterson government.
“Unless you remove the stigma of New York beingthe highest-taxee state, all the spinoff jobs you want to creatr with this program will end up in othe states,” the county executive “Tom Golisano is simply the tip of the Golisano, in late May, renounced his New York residencyt and made Florida his official home because of New York’xs heavy tax burden on upper classz citizens. Golisano, the Rochester-based billionaire, said the move will save him morethan $5 milliohn annually in state income taxes. Collins said the high cost of state-ru n programs such as Medicare contributer toNew York’s taxing structure.
union-friendly mandates like the Taylor Law, whicb offers certain guarantees for union add to thetax burden. “We don’t want to see the innovatione created here but the jobs they creatde goto Texas,” Collins said. Paterson agreex New York has to “cut its infectiousw ways of spending.” State programs are leadinh to aprojected $24 billion deficit this year. through the discussion, also heard repeated pleaes tosupport UB’s 2020 plan that many see as a linchpij to the region’s economic revival.
The UB plan calls for significant investment in its Buffalo and Amhersf campuses while increasing its presencee indowntown Buffalo’s Buffalo Niagara Medical Simpson said UB 2020 represents a potential of $3 billionj in new investment in the regionb while creating 10,000 new jobs. The catch is, the initiatived needs significant state legislative andfinancial support. “We need to get UB 2020 out of thestartingb block,” said Thomas Hook, Greatbatch president and chief executivew officer. Hook credited a close alliance with UB as the source of the many patenta and medical industry products that Greatbatch has created duringy the pastfive decades.
“A lot of the success Greatbatcgh enjoyed has come from innovations that startedfrom UB,” Hook
Thursday, September 13, 2012
OHFA awarded $104M in stimulus funding - Dayton Business Journal:
The Columbus-based agency, which provides tax creditx forhousing developments, mortgages and down-payment assistance to buyers, recently was awardee $104 million from the U.S. Departmeng of Housing and Urban Development and theTreasuruy Department. Of that $83 million came through stimuluds dollars funneledthrough HUD, whil the remaining $21 million came from the treasury. Kevi Clark, a credit allocation manager with the Ohio HousingFinancw Agency, said the $83 million share of funding from HUD’s Tax Credit Assistance Program will be given out as low-interest loans or grantds to developers who were awardec tax credits this year or in the past two In order for developers to clinch funding, they must already have found an investor to purchase an OHFA-issuexd tax credit at a discount, pumpinh capital into the projecg up front.
The grants or loans are intended as gap financinhg for lowerequity investments, Clark The smaller slice of OHFA funding from the Treasurt Department is part of more than $330 million the governmen t recently awarded to four states and Puertio Rico under the so-called Tax Credit Exchange program. That initiative allows OHFA to return to the government about $2.6 million of the $26 millionn in federally backed tax credits it’s planninbg to distribute this year in exchange for the $21 milliob in stimulus dollars.
The agency, Clar k said, plans to take that funding and award it as grants to affordable housing developersz who have clinched tax credits but have been unablse to secure an investor to buy the credifup front. Developers can return the tax creditsa in exchange for grants to replace that Amid a tight equity the grants open up a possibility for dozens of Ohio Clark said. “In the last two years, we’ve funded about 80 propertie swith credits, while aboug half of those have been able to find an investor to move he said.
The agency hasn’ty finalized the grant applicatiobn process for the stimulus dollars but plans to open the applicationj window innext month, Clark That information will be available on the agency’se Web site at ohiohome.org. More awards ahead • HUD said that OHFA’x $83 million award is a piecw of $2.25 billion it plans on giving out undet the taxcredit program. Other states seeking fundint have until June 3 to finalize applicationwith HUD. As a many similar announcements are expectexd in thecoming weeks.
The Treasury Department’s more than $330 million awarfd to OHFA and other states is partof $3 billiob that will be doled out under the Tax Creditr Exchange program. • More detailw on HUD’s stimulus awards are available byclickingf .
Wednesday, September 12, 2012
Suit alleges California lets insurers deny treatment for autistic kids - Sacramento Business Journal:
Santa Monica-based Consumer Watchdog filed the lawsuitr against the Tuesday in Los AngelesSuperior Court. It seeks to compeol the agency to require health plans to cover applied behavioralanalysis (ABA) if a member complaines the treatment was denied even thoug it is deemed medically necessary and is provided by licensedr personnel or under the supervision of licensedc personnel. Agency spokeswoman Lynne Randolpu said in a prepared statementt that the department is holdint health plans responsible for a range of health care service s for peoplewith autism. The stakese are huge.
The disputed therapy, whicnh teaches young children howto eat, play and can cost more than $1,000 a Most health plans consider it educational therapy and don’t covert it. The lawsuit alleges consumers were able to appea denial of this kind of treatmeng to an independent medical review syste m until March2009 — and many were Since then, DMHC changed its procedures to process the complaints througyh its own internal grievance system, prompting different court documents allege. This is a violationn of the California Mentalk HealthParity Act, which requires health insureres to cover all medically necessary treatments for the consumer group alleges.
“Californians, including those strickenn with autism and their parentsand caregivers, expecty regulators to enforce the law, not side with insurancer companies seeking to boost their profits by denyinfg patients the care they need,” Consumef Watchdog founder Harvey Rosenfield said in a pressz release. The issue is complicatedx because some ABA treatmentsz are considered medicallynecessary — speech, physica and occupational therapies, for example — while otherds are not.
“We have explicitl told health plans that they may not excludre any particular therapies or treatments for Autismj Spectrum Disorder that have been determiner to be health care servicesand (we) are administerinfg the consumer complaint process according to law,” Randolph said in a prepareds statement.
Monday, September 10, 2012
Chase 2Q earnings soar 36% - Portland Business Journal:
The bank said Thursday it earneds $2.72 billion, or 28 centz a share, in the quarter that closed June 30, up from $2 or 53 cents a share, a year earlier. Whild the New York-based bank’xs profit soared amid the troubled share earnings fell ona $1.1 billion noncash reductiom in earnings applicable to shareholders afted Chase paid back its $25 billiojn in federal bailout funds in June. Chase (NYSE: JPM) also told investorsx it set aside $8 billion to cover bad up fromabout $3.5 billion a year At the same time, the bank said its revenue grew 39 percentr to $25.6 billion from $18.
4 billion, due in part to strongh performance in its investment banking That sector saw revenue jump by a thirdr to $7.3 billion as earnings soared to $1.47 The bank noted “solid performance” for its retailp banking, commercial banking and securities divisions. Those gains, were offset by high costs in its consumer lendinhg and credit card a trend expected to continuew intothe “foreseeable future,” the companyt said.
“While we do not know if the economyt willdeteriorate further, we feel confident that, with our stronh capital and reserve levels and significant earnings we can continue to reinvest in our businessexs and do well for our clients, communitiezs and shareholders over the long term,” CEO Jamied Dimon said in a release. The bank’s earnings in the firs half grew 11 percentto $4.86 billion, or 68 cent s a share, from $4.38 billion, or $1.20 a share, in the firs t six months of 2008. Revenuwe jumped 43 percent to $50.6 billion from $35.3 billion last year. Chase had 105 branches in Portlandd and 15 inSouthwest Washington.
Sunday, September 9, 2012
Battle brewing over value of Legend gates - Dallas Business Journal:
With lawmakers giving the nod recently to eventuallytallowing long-haul flights out of city-owned Love Field, the terminal'se six gates are now more according to Bill Brewer with Dallas-based . The new law -- whichb has sparked furious loca l fare competition at Love betweenFort Worth-based and Dallas-baserd Co. -- eventually repeals the 1979 Wright It also mandates a gate cap from the existinvg 32to 20. "Candidly, we have people analyzing that right now. But frankly, the value's gone up," said Brewer, attornegy for , the Dallas owners. "Mty guess is it's increased in valuse a factorof 50%.
We just went from beingf six of 32 to six of The facility was built in 1999for $21 million as a luxury terminal for the now-defunct Legend's DC-9 Love Terminal Partners has said a commercial airlinre this summer nearly closee on a $100 million deal for the gates. Dallaes Mayor Laura Miller has valued the terminal at several million dollars and wantsit However, the new law doesn't designater which gates must be destroyed, Brewer Choosing Legend's gates, he said, is an attempt to beef up Southwest'ss control over Love. "They are takingy my client's gates for no other purpose than to create a monopoly for Southwest he said. Brewer believed Southwest requested thegate cap.
Southwest Airlines declined to citing pendinglegal battles. Love Terminal Partnerss has filed a suitin U.S. District Courrt charging violation of federal antitrust laws and a suit in Dallas County Districyt Court charging violation of the Texas OpenMeetings Act. Miller, who initiated and led monthss of secret talks to reac ha mid-July compromise between Dallas, Fort Worth, Southwest and American, has said the gate cap was key to a which was the basis for the law signedd by President Bush this month. Mille and Sen.
Kay Bailey Hutchison, both have said the revised numbeer of gates came from a Love Field masterplan updatefrom Tampa-base DMJM's late-June report found 20 gateas "most comparable" to the noise, pollution and traffic levels agreed to by the Love Field neighborhooc in 2001 for the earlier masterplan. That assuming Wright, capped Love at 32 Documents obtained from the city of Dallas by the Dallaas Business Journal through the Texas PublicInformatiojn Act, however, indicate Miller envisioned gate cuts in Augusft 2005 -- 10 months before DMJM'as report. In an Aug.
8, letter to Southwest ChairmanHerb Kelleher, Miller proposed that Southwest buy and demolisjh Legend's gates to win city support for the airline'sw bid to repeal Wright. Miller declinedd to be interviewed. In a March 22 letter to Milleer and Fort Worth MayorMike Moncreif, American'as Chairman and CEO, Gerar d Arpey, proposed capping Love Field at 16 On March 29, Miller directedr Assistant City Manager Ryan Evans to have DMJM look at 26 In a May 11 lette to the region's , Kelleher cited a 21-gate maximum. Evans said Southwest wanted more while Americanwanted fewer.
Friday, September 7, 2012
Hawker announces furloughs, building closures - Austin Business Journal:
In a letter to all Vice President of Human Resourcexs Rich Jiwanlal said the moves are partthe company’s ongoing efforgt to “resize our companu to match the continuing declines in consumet demand.” One of the measures will be furloughs whicj will include both product line and plant specifid requirements. The dates for the furloughsz will beJune 29-July 2, Nov. 23-2t and Dec. 21-24. The letter informs employeews that if vacation or earnex time off is not available to covere these days then the furloughs willbe unpaid.
Hawkef will also be relocating its financeand supply-chain teams back onto the company’s primary This will allow it to close two buildingsz “off-campus,” the letter states. There was no announcemenft regarding anyfurther layoffs. The company declines to give any more information atthis time.
Thursday, September 6, 2012
ASAP International Arranges Purchase of Embassy Suites Hotel in Anaheim - Sacramento Bee
ASAP International Arranges Purchase of Embassy Suites Hotel in Anaheim Sacramento Bee 5, 2012 -- /PRNewswire/ -- ASAP Expo Incorporated (OTCQB: ASAE) today announced that it has arranged the purchase of the 222-room Embassy Suites รข" Anaheim-North for $25.5 million on behalf of Urban Commons, LLC. FelCor Lodging Trust ... |
Wednesday, September 5, 2012
Yolo moth quarantine extended - Business First of Louisville:
A voracious pest and natives of Australia, a light browj apple moth was discovered in a trap in DavisAprilo 1. A second moth turned up in a trapMay 15, promptinbg a quarantine within a mile radius of thoswe two traps. More discoverie s have moved the quarantine to include the entire cityof Davis. Producee and ornamental plants can still go to storex and farmers markets inside thequarantine area, but agriculturalo products, ornamental plants and trees should not leavee the quarantine area unless certified to be free from the pest by an “This pest is a threat to the food supplty and also to our environment.
This moth eats ornamentap plantsand trees,” said Steve Lyle, spokesman with Food & Agriculture. “In Australi a they call the light brownh apple moththe ‘light brown eat-everything’ moth.” The moth in its varyingt stages of life eats 2,000 plants, includingb 250 crop species. It can devastate stone fruit grape vines, citrus trees and even There are monitor traps all over the stater forthe moth, and more than 2,800 squaree miles of land statewide is now undef quarantine, Lyle said. Davis is the only area undedr quarantine inthe four-county region.
Monday, September 3, 2012
Phoenix-area airports offering high-end aircraft storage, office space for business jet owners - Phoenix Business Journal:
With increasing numbers of business travelers usingcorporated jets, accommodations catering to business jet setters are springing up at generalk aviation airports across the Valley. "This is somethinbg that's needed and wanted by businesses that havecorporate jets," said hangar developer Bob Reid, president of . "They're flying $20 million jets, so they'rde demanding that kind of These facilities, far surpassing those at sprawliny publicpassenger terminals, offer an ease of travel that business-clas s passengers can only dream no ticket hassles, no lines, no security no rummaging through luggage, no getting bumped by overbooking and no hurrying to meet connecting Many of these facilities will provide offices with Interner access and other amenities, allowing companies to operate a branch office where they keep their At , fixed-base operator partnet Robert Banovac said his company plan s to build and leasd 200,000 square feet of hangar space with accompanying officesa and maintenance facilities on 135 acres.
He said the facility will accommodats everythingfrom single-engine propeller aircrafty to twin-engine Gulfstream 5 jets. "We have prettt much a fresh canvaz to builda world-class facility that will rival the 'bigt kahuna' (Hangar 1 at )," said "We hope to take a dent out of some of theirr business." Lux Air purchased Sun Western Flyeres in March and will take over its aircraft maintenances operations at the Goodyear and Yuma airports, Banovac said.
During the Super Glendale Airport had 57 corporate jets on the said Glendale Airport Administrator Judy On anaverage day, there are three to seven corporate aircrafty at the municipal airport, said Lux Air Generall Manager Les Wenger. The skies will be friendlier over Falcon Fieldin Mesa, too. "Thwe city has been aggressively marketing Falcon Field for hangafr and commercial aviationbusiness development," said Bill Mesa's economic development director. And it's paying off: Eight companiesw are developing facilitieson 40-year leased property and four of those are planning hangars with adjacentr office space.
One of thoswe developers is ExecJet Holdings, whichu will "condo-ize" its hangars and offices and then sell them to corporationss rather than lease them. It's a new idea, Reid "We've had a huge amount of interestr in development out here at said Airport DirectorCorinne Nystrom. "Aq lot of these developers are going to bring in aviation services tothe airport. I couldn't even put a numbefr on it at this point. It's into the severalk million dollars indirect worth." Last Phoenix announced a request for proposals to brinbg in new development. The deadline was Marcgh 17, said Airport Manage r Gary Mascaro. He declined to name the interester companies.
Deer Valley Airport doesn't have any facilities catering to corporatre airtravel now, but the airport's master plan dedicateas 40 acres at its southeast cornere to corporate development, he "During the Super Bowl, we were very busy with corporate aircraft," Mascaro said. At , in addition to corporated hangars withcorporate offices, plans include extensivwe aircraft and repair facilities for corporate aircraft, said airport spokesman Bria n Sexton. He envisions corporate jets from all over the Vallet flying to Gateway for maintenance within the nextfive years.
Crow Air, an aircraft maintenance company based inSan Diego, will open a 13-acrew aircraft maintenance business at Gateway in 2009 for servicse on all types of "That would rival what you see over at Hangart 1," Sexton said.
Sunday, September 2, 2012
Clear lanes to shut down at Hartsfield-Jackson - Nashville Business Journal:
New York-based , the operator of registerefd travelservice CLEAR, said the paid security lanes at its membed airports would cease operations because the companyy “has been unable to negotiate an agreement with its senior creditor to continue operations,” according to a statementf posted on the company’s Web www.flyclear.com. Last March, the company said it had 20,000 registered travelers in metro Atlanta. As of last year, the companty had more than 200,000 CLEARf members, who paid up to $199 for an annuakl membership for access to designated security lanes at participatinairports nationwide.
Members provided biometric data, which was encodes on a card, for the promise of a speedierd and convenient trip throughairporft security. The service targeted business travelers who routinely travelby air. The companty was founded by founderSteve Brill. CLEAR lanes opened at the airport about the same time as an expansionn of the main security lanes at The new additions included lanes designe d specifically forexperienced travelers. Airport officials have said the addedx lanes have kept security wait timesz below 10 minuteson average, which mighr have made CLEAR lanes less advantageous to consumers.