News / AV Cargo unveils new ‘separate, neutral’ entity to serve third MD11F

first_img AV Cargo, the Zimbabwean-registered all-cargo airline, has revealed that the latest company set up by its two directors is designed to house a new business model for its late-arriving third MD11F.Global Associated Aviation Ltd was formed on 5 June. According to AV Cargo’s chief executive Simon Clarke, it will provide an entity for a PEFCO-leased MD11F to do ACMI work.The MD11F was due to join AV’s fleet in April after heavy maintenance checks in Jakarta. Since then however, the aircraft seems to have been stored at Jakarta Airport. But according to Mr Clarke, maintenance has not yet been completed.“The third aircraft is due to complete maintenance checks mid August and then planned to enter service early September. Whilst it was originally planned to introduce the aircraft in March there were some unforeseen delays in its initial preparation to re-enter service,” he told The Loadstar. By Alex Lennane 24/07/2014 The idea is to put the aircraft into ACMI work, said Mr Clarke. “With the third aircraft entering service, we plan to further expand our business model through the development of ACMI work but centring on short-term low-utilisation contracts.“It has been decided to build this specific business via a new entity to enable it to be neutral and separated from our existing commercial activities.”One ACMI specialist questioned the demand for an MD-11F. “There is no ACMI work for an MD11, only a few charters perhaps. And as the MD11 is expensive to operate I doubt it could be competitive in the charter market today.”He also raised doubts over the plan to aim for short-term contracts. “Why would you have a marketing plan based on short term, unless there is no market at all longer term? Charters would be more credible.”Several sources indicated that the airline has not yet overcome its previously shaky financial foundations. The Loadstar has not been able to confirm or repudiate this. But the airline, in its various previous guises, has some form on ‘separating’ its commercial activities.Carrier Avient Aviation, not a registered UK company, appointed global sales and marketing agent Avient Ltd, which entered financial difficulty. AV Cargo Ltd, which was set up in 2009 by Mr Clarke, was appointed by the administrators of Avient Ltd to undertake its commercial interests. This culminated in AV Cargo acquiring Avient Ltd’s interests and some assets last November.Avient Aviation did not enter administration nor was it liquidated. Meanwhile AV Cargo Ltd itself was dissolved in January 2013. Three days later AV Cargo Airlines Ltd was formed by Mr Clarke and Neil Glover, who also had a directorship in Avient Ltd.Mr Glover, according to Companies House records, has been involved with eight companies which dissolved under his directorship. Three had negative net worth at closure, totaling about £266,000.last_img read more

Ministry seeks to boost agricultural productivity Through GIS

first_imgRelatedMinistry seeks to boost agricultural productivity Through GIS RelatedMinistry seeks to boost agricultural productivity Through GIS Ministry seeks to boost agricultural productivity Through GIS AgricultureAugust 22, 2012 RelatedMinistry seeks to boost agricultural productivity Through GIScenter_img FacebookTwitterWhatsAppEmail The Ministry of Agriculture and Fisheries is seeking to better utilise the data gathered through the Geographical Information System (GIS) method, as a key strategy to further boost agricultural productivity. To this end, a workshop was held at the Ministry’s Hope Gardens offices in Kingston on August 21, where GIS stakeholders discussed the way forward. The GIS is a computable structure, designed to capture, store, manipulate, analyse, manage and display all types of geographically referenced information. Addressing the workshop, Principal Director for Policy Co-ordination and Administration in the Ministry, Dwight Uylett, said the meeting was held to see how best to utilise the data on hand to inform policies and programmes. “We have a lot of intellectual material as far as GIS is concerned and we also have a lot of intellectual capacity, and what we want to do, is to have a meaningful discussion on the best way forward,” he said. Mr. Uylett said the Ministry is seeking to take greater advantage of GIS material as it is committed to strengthening its agricultural supply chain, noting that one of the key components of this, is primary production. “We are looking for efficiency, economy and effectiveness in the outputs that we get from this area of the supply chain,” he pointed out. He further noted that the Ministry’s Rural Physical Planning Division is a critical area in this endeavour. “In this regard, we have been doing a lot of work with the division and its leadership to strengthen the capacity to perform and strengthen its ability to deliver on key service imperatives,” he added. The core functions of the division include: conducting soils and land cover/land use surveys; rural land evaluation assessments and make recommendations on the use of agricultural lands; and land capability assessments. The division also assesses soil fertility and makes recommendations for soil and land management; designs and prepares maps; GIS data processing, manipulation, analysis and output; and captures spatial data through aerial photo-interpretation, satellite imagery and global positioning systems. The workshop also sought to determine stakeholder needs and strengthen the capacity of the Rural Physical Planning Division to: respond and forge partnerships; utilise GIS as a decision support tool in expanding the food health and traceability infrastructure; pursue a deliberate export strategy; and to mainstream climate change adaptation to programmes, policies and production processes. Advertisementslast_img read more

Welcome to the golf clubs where real estate execs are doing deals

first_img(Illustration by Christiane Engel)Anyone who’s tried to do business with a serious golfer on a summer Friday — or Monday, for that matter — may be on a fool’s errand.With an abundance of storied golf clubs in the metropolitan area, the same is true of real estate’s biggest players.Built on hundreds of acres of rolling hills in Westchester, New Jersey and the Hamptons, golf in the tri-state area is unquestionably a real estate story — sharing a clubby nature with an industry known for being less than hospitable to outsiders. Though New York’s older clubs are steeped in history, a slew of new courses built over the past two decades have attracted the industry’s biggest names and the imprimatur of golf starchitects who have pushed clubhouse aesthetics into the modern age. At the Bridge — a 17-year-old club in Bridgehampton whose members include HFZ Capital’s Ziel Feldman and Marty Burger of Silverstein Properties — architect Roger Ferris designed a modern, glassy clubhouse that houses art by painter and photographer Richard Prince and contemporary artist Tom Sachs (both members).ADVERTISEMENTAnd at East Hampton Golf Club, which opened in 2000, the clubhouse was designed by Pembrooke & Ives, the interior design firm behind the luxury condos at 212 Fifth Avenue and the Astor at 235 West 75th Street, among others. (That club also counts high-profile real estate attorney Jon Mechanic, chair of law firm Fried Frank’s real estate department, and Cushman & Wakefield’s Doug Harmon as members.)In fact, New York real estate players help populate several of the toniest clubs in the Hamptons, where membership can be as steep as $1 million plus annual dues.And playing with clients and colleagues is, well, par for the course.“There’s a lot of quid pro quo going on in golf,” said Robin Schneiderman, head of business development for Halstead and Brown Harris Stevens Development Marketing, who plays at Gardiner’s Bay Country Club on Shelter Island. “I’ll take you to my place if you take me to yours.” What’s your handicap?The East End is dotted with exclusive clubs whose membership goes back generations.Shinnecock Hills Golf Club, Maidstone Club and National Golf Links of America are generally uttered in the same breath — often followed by the words “discerning,” “private” or “snooty.”Among the top three, Maidstone has been called the “most blueblood.” The East Hampton club, founded in 1891, is said to have a seven-year waiting list.Famous members have included George Plimpton, co-founder of the Paris Review. Arthur Zeckendorf is also a member.Atlantic Golf Club, which opened in 1992 in Bridgehampton, has an equally prestigious (and deep-pocketed) member base. But early on, it had the reputation of attracting Jewish members who had been turned away from other clubs. Some of those early members included the Blackstone Group’s Stephen Schwarzman and Jonathan Tisch, chair and CEO of Loews Hotels, according to published reports. Harry Macklowe is also said to be a member, sources said. And Corcoran Group CEO Pam Liebman plays there as well.Liebman said she’s “cemented many a deal over golf,” and plays not just for the chance to spend several hours outside in a beautiful environment, but also to connect with clients and potential clients (often with cocktails on the last hole). It “doesn’t hurt,” she said in a text message, “to often be the only woman playing in small or large groups.”The strength of a golfer’s game may depend on the day, but there are some real estate players with strong handicaps.John Leslie, senior managing director at ABS Altman Warwick, the capital markets arm of ABS Real Estate Partners, has a 3.4 handicap — meaning that on average he scores 3.4 above par on 18 holes. Steve Witkoff’s handicap is 4.4, according to the Golf Handicap and Information Network, which is maintained by the U.S. Golf Association. Two Trees Development’s Jed Walentas has a handicap of 4.8.CBRE’s Paul Amrich went to college on a golf scholarship and almost went on a PGA development tour. “In hindsight, I’m really glad that I didn’t,” he told the Commercial Observer this year. “Those guys lived out of the trunk of their cars, and they’re not playing professional golf.”Not unlike co-op boards, golf clubs have strict admissions policies requiring sponsorship by a current member and hefty financial outlays. Even then, some decisions are shrouded in secrecy. Membership at the most elite clubs are often passed down from family members.ABS’ Leslie said they probably take 10 new members a year. “There’s a lot of people vying for those eight to 10 spots,” he said.Too many clubsThe fact is, there’s a surplus of golf courses thanks to a building boom in the 1980s. But over the past decade, the number of golfers has dropped off.An estimated 24.2 million Americans played golf in 2018, down from a peak of 30 million in 2001, according to the National Golf Foundation. That steep decline, partly a result of the sport failing to attract millennials, has taken a toll on golf clubs.“The number of closures has outpaced openings for a 10-year period now,” said Jeff Davis, founder of Dallas-based Fairway Advisors, a golf course brokerage and advisory firm. Nationwide, there are around 16,700 courses — with around 12 courses opening and 198 courses closing in 2018 alone. Courses that were built purely as amenities for residential projects are particularly vulnerable. Great Rock Golf Course, an 18-hole course in Wading River on Long Island, was designed in the 1990s with 140 homes. By the early aughts, the club ran into financial trouble after trading lawsuits with the town and defaulted on its taxes, according to local news reports. In 2014, it was sold out of bankruptcy. The course is still private, but it’s unclear who the new owner is. But even if a club isn’t financially underwater, the land itself can be more valuable as a development site.In 2017, Elmwood Country Club, a member-owned club in Westchester, was sold to New Jersey-based Ridgewood Real Estate Partners for $13 million. The developer is now planning 175 townhouses on the 106-acre property.Toll Brothers, meanwhile, is building residential projects on two former courses in New Jersey. The firm is developing a 78-house project at the former site of Apple Ridge Country Club in Upper Saddle River, where it closed on the purchase in 2015. And, it’s building 275 homes on the former High Mountain Golf Club, a semi-private club in Franklin Lakes that closed in 2014. The East End’s most elite clubs have been largely immune to the golf course contraction trend, bolstered by status-driven golfers willing (and able) to cough up the dues. “If there’s an opening to get into Atlantic, there are enough guys out there with the money to do it,” said Fairway Advisors’ Davis. “Same with Maidstone, National and Shinnecock.”Young bloodThough many of New York’s old real estate families belong to the East End’s blueblood clubs, real estate execs have flocked to a slew of clubs that have opened since 2000. Sebonack Golf Club in Southampton — which opened in 2006 and costs $1 million to join — counts Witkoff, the Related Companies’ Stephen Ross and Starwood Capital’s Barry Sternlicht as members.Silverstein’s Burger is said to have joined the Bridge — which opened in 2002 with sky-high initiation fees but lax rules such as no dress code — this year. In addition to Burger and Feldman, other members of that club include Michael May, who runs Silverstein’s debt fund, and Douglas Elliman’s Howard Lorber. It’s not uncommon to belong to multiple clubs, each with its own reputation, history and course design. Feldman, for example, is also a member at East Hampton Golf Club. Michael Rudin started playing as a kid with his dad, Bill, and grandfather Lewis, who belonged to Deepdale Golf Club in Manhasset on Long Island. “It has the family connection,” the younger Rudin said of Deepdale, where he still plays, along with Friar’s Head in Riverhead and Atlantic.Rudin said his grandfather’s legacy there extends beyond club membership: Lewis Rudin founded First Tee, a youth development organization that offers scholarships to students who get into New York University.Mixing business and golf is either de rigueur or an absolute faux pas, depending who you ask.Several years ago, ABS’ Leslie met his now-boss Brian Warwick at Winged Foot in Mamaroneck in Westchester, where they are both members. (President Trump is also a member.)“I actually had heard of Brian years ago through Peter D’Arcy [head of New York for M&T Bank], who is also a member,” said Leslie. Warwick said he “definitely” uses the club to cultivate relationships and show clients a good time.“They love to come and play at these places because they’re pretty nice places to belong to,” said Warwick, who is also a member at National Golf Links of America, which  opened in 1911 and counts billionaire and ex-Mayor Michael Bloomberg as a member.Kal Dolgin, co-president of Kalmon Dolgin Affiliates, said for years he and his brother, Neil, played at Engineers Country Club on Long Island, where their father belonged.Israel Dolgin forged strong relationships with a generation of members, who like him were largely self-made children of immigrants. They discussed family and business on the course, which “became an extension to the proverbial boardroom,” Dolgin said.In 2017, the Dolgins joined other clubs after Engineers was sold for $20 million to Scott Rechler’s RXR Realty Investments. (RXR has since poured millions of dollars into the facilities, located in Roslyn near two of its residential developments.)Almost everyone in real estate has a “golf story.”Robert Ivanhoe, chair of Greenberg Traurig’s real estate practice, said he was in his 20s when his then-boss called late one night saying he needed a fourth for a game the next morning. “I had to scramble like crazy,” recalled Ivanhoe, who had to retrieve his golf clubs at 11 p.m. but  proceeded to shoot a 72 — giving him street cred with a previously cantankerous boss. (Incidentally, that boss was George Ross, who ended up working for Trump, whose four golf outings at Mar-a-Lago in 2017 cost taxpayers $13.6 million, according to a report from the Government Accountability Office.)For his part, Rudin said he’s never played with someone to get a deal done, but conceded that “at some point it’s inevitable whether you’re doing business with someone — or not — to talk about business” while playing. He and his dad still make a point of taking their longtime bankers out for a day of golf at least once a year. “We usually have it be me and my dad versus the two bankers,” he said. “It takes the hierarchy of client versus lender out of the equation, and we’re just playing as four people on the golf course. It’s the great equalizer, to some extent.” This content is for subscribers only.Subscribe Nowlast_img read more

Baby Wakes From Coma as Doctors Were Ready To Turn Off Life Support (Video)

first_imgThe 1-year-old toddler was hospitalized in September after coming down with a dangerous neurological virus.Medical experts had advised her parents to disconnect the child’s life support system after aggressive therapy was used just to keep her alive. Additionally, they were skeptical she would ever walk or speak again.WATCH: Baby Ejected From Car Found in Distant Storm Drain With Only a Scratch Ten days after the doctors made the decision to suspend the life support – and after Marwa’s parents submitted a petition with 70,000 signatures asking them to delay the end of life – Marwa woke up.(WATCH the video below)Click To Share This ‘Just In Time’ Story…AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMore AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreSome might call it luck, others might call it a miracle – either way, Marwa suddenly woke up just when doctors were going to disconnect her life support.last_img read more

Ronald Koeman spotted at Barcelona airport and set to replace Quique Setien as manager after ‘advanced talks’ with club

first_img Real or Fake? Shark Attacks Helicopter Top 5 Best Budget Hotels In Dubai under AED 400 a night. What’s This “Trick” Called? Comment Down Below!! Rebekah Vardy scores an impressive penalty in six-inch heels Travel Diary // Vietnam 2017 People Slammed By Massive Waves 4center_img 8 MOST DANGEROUS RAINS of All Time | TOP 10 INTERESTING 10 INCREDIBLE Space Launch Failures! HOLLAND boss Ronald Koeman has been snapped at Barcelona Airport as he edges closer to taking charge at the Nou Camp.The 57-year-old has emerged as the frontrunner to replace Quique Setien with the Spaniard’s sacking set to be confirmed imminently.Ronald Koeman, 57, is the favourite to take charge at the Nou CampHis fate was sealed after the club crashed out of the Champions League in the quarter-final stage after being thrashed 8-2 by Bayern Munich.Barca legend Xavi had been the bookies favourite to succeed Setien, with Maurico Pochettino and Thiery Henry also in the running.But Koeman appears to be at the head of the queue, with Marca obtaining footage of him at the City’s airport on Sunday.They claim that Koeman will now have a meeting with club directors on Monday as both parties look to thrash out a deal.Meanwhile Mundo Deportivo state that Koeman has agreed a two-year deal to take charge in Catalonia. It has been reported how Barca are in talks with his agent Rob Jansen at how Koeman can be released from his contract with the Dutch Federation.The former Everton gaffer earned legendary status during his six-year spell at Barcelona between 1989-1995.Koeman spent six successful seasons playing at Barcelona between 1989-1995Credit: Getty – ContributorA host of names have been linked with the Barcelona jobIn 264 games, he chipped in with 88 goals – including the winner in the 1992 European Cup final against Sampdoria.Barcelona have been rocked by the news that Lionel Messi wants to leave the club this summer.The Argentinian ace is said to have voiced his anger over the humiliating Bayern defeat, and does not intend to stay for the remaining year on his contract.Bayern Munich DESTROY Barcelona in masterful Champions League quarter-final in Lisbon Source: Soccer – read more