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

Tamara Vrooman appointed as new Chairperson of Canada Infrastructure Bank

first_imgTamara Vrooman appointed as new Chairperson of Canada Infrastructure Bank From: Infrastructure CanadaToday, the Honourable Catherine McKenna, Minister of Infrastructure and Communities, is very pleased to announce the appointment of Tamara Vrooman as Chairperson of the Canada Infrastructure Bank, effective January 27, 2021.Since early 2020, the CIB has quickly evolved, in both leadership and mandate such that it is well-placed to leverage private investment and get more critical public infrastructure built – from clean energy, to public transit, to broadband, to trade corridors.Today, the Honourable Catherine McKenna, Minister of Infrastructure and Communities, is very pleased to announce the appointment of Tamara Vrooman as Chairperson of the Canada Infrastructure Bank, effective January 27, 2021.“Tamara is an excellent choice for Chair of the Canada Infrastructure Bank. She brings a strong financial and infrastructure background, and important leadership skills to the role. Tamara is the CEO of the Vancouver International Airport, led Canada’s largest community credit union through the 2008 financial crisis, and served as B.C.’s Deputy Minister of Finance where she steered the Ministry’s $36 billion fiscal plan, resulting in three AAA credit rating upgrades. She has the right background and experience, and she knows how to get things done,” said Catherine McKenna, Minister of Infrastructure and Communities.“I’ve had the privilege of working directly with Tamara when she was co-Chair of the 2018 Panel on Climate, advising myself and the Finance Minister. Tamara clearly understands the critical role of infrastructure in building our country, growing our economy, creating jobs and attracting investment and tackling climate change,” added Minister McKenna.Ms. Vrooman is one of Canada’s most respected executives. She brings to the CIB a wealth of experience in forming partnerships with domestic and global institutional investors on revenue-generating projects and engaging with public sector stakeholders.“I’m honoured to be asked by Minister McKenna to serve as Chair of the Canada Infrastructure Bank. We have a vitally important job to do in fostering economic growth in Canada, at an especially critical time, through attracting and leveraging private investment for critical infrastructure projects. I’m also delighted to work with Ehren Cory and the Board of Directors to ensure the CIB fulfills its mandate,” said Ms. Vrooman. “Because of my background in both the public and private sectors, I believe I can be useful in bridging between the two to help the CIB develop and finance public interest projects of national importance.”The Board of Directors is responsible for governance and oversight of the Canada Infrastructure Bank. Ms. Vrooman will work with Ehren Corey, the Bank’s dynamic CEO, who was appointed in October 2020, as the CIB continues to deliver on the three-year, $10-billion Growth Plan. The Growth Plan is focused on investing in projects in five key sectors, including transit, green infrastructure, clean power, broadband and trade and transportation. Ms. Vrooman replaces former CIB Chairperson Michael Sabia, who was appointed Deputy Minister of Finance by the Prime Minister in December 2020.“The Canada Infrastructure Bank has the key elements in place to deliver jobs and growth and nation-building infrastructure for Canadians, at a time when it is critically needed,” said Minister McKenna.“On behalf of the Board of Directors, we welcome the appointment of Tamara as Chair. We look forward to adding her leadership, skills, and impressive track record to our team as we continue making impactful infrastructure investments across the country,” said Stephen Smith, Governance Committee Chair, CIB Board of Directors.Quick factsThe Canada Infrastructure Bank was designed to invest, and seek to attract private and institutional investment in infrastructure projects that will generate revenue and that will be in the public interest. To this end, the CIB engages with private sector partners early in the project planning and design process, advances revenue-based business models, and explores new and innovative approaches to project finance delivery. As part of the Government of Canada’s historic $180-billion Investing in Canada plan, the CIB is helping build high-value, transformative infrastructure for Canadians by attracting investment from private sector and institutional investors. As a Crown corporation, the CIB is governed by an independent Board of Directors. The Board is responsible for making financing decisions, as well as the governance and oversight that will enable the CIB to successfully deliver on its mandate. The CIB is accountable to Parliament through the Minister of Infrastructure and Communities.Over the next three years, the CIB’s $10-billion Growth Plan will help Canadians get back to work and is expected to create approximately 60,000 jobs across the country. The plan will connect more households and small businesses to high-speed Internet, strengthen Canada’s agriculture sector, and help build a low-carbon economy. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AAA, Agriculture, broadband, Canada, clean energy, climate change, community, financial crisis, Government, infrastructure, Investment, leadership, parliament, Prime Minister, public interest, Small Businesslast_img read more

Half of Mozilla’s board quits over CEO appointment – report

first_img Tags Related Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more Home Half of Mozilla’s board quits over CEO appointment – report Apps FirefoxMozillaPeople Richard Handford AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 31 MAR 2014 center_img Previous ArticleDropbox CEO claims service reduces operator churnNext ArticleTelekom Austria state shareholder confirms America Movil talks Microsoft builds ad blocker into Edge browser Mozilla invests in browser Cliqz Author Three directors have resigned from the board of Mozilla over the recent appointment of Brendan Eich (pictured), its CTO and co-founder, as the new CEO, according to The Wall Street Journal.According to sources, the three directors wanted a CEO from outside Mozilla with greater experience of the mobile industry who could drive take-up of Firefox, its mobile OS.The three board members are: Gary Kovacs, the most recent Mozilla CEO who now runs online security firm AVG Technologies; John Lilly, another former CEO who is now a partner at VC firm Greylock Partners; and Ellen Siminoff, CEO of online education firm Shmoop.The departures represent half of Mozilla’s board. The remaining directors are co-founder and chairwoman Mitchell Baker; Reid Hoffman, co-founder of LinkedIn; and Katharina Borchert, chief executive of German news site Spiegel Online.Eich was appointed last week. Even before the three directors resigned, his elevation was controversial with some Mozilla employees for political reasons.In 2008, Eich donated $1,000 to Prop 8, a Californian ballot proposition that wanted to ban gay marriage in California. His action was discovered in 2012. In the public listing, Eich had used Mozilla’s name next to his own.Eich has blogged since his appointment on “Inclusiveness at Mozilla”, in which he wrote:“I am committed to ensuring that Mozilla is, and will remain, a place that includes and supports everyone, regardless of sexual orientation, gender identity, age, race, ethnicity, economic status, or religion”.However, the blog failed to impress some employees including Chris McAvoy who blogged that it “would be impossible for Brendan to discriminate within Mozilla; he wouldn’t be allowed to exercise his personal views of same-sex marriage in a way that discriminates against employees”.Instead he wrote that the “very public debate about Brendan’s appointment points to a divide in Mozilla’s identity, which I’d characterize as Mozilla as tech company versus Mozilla as activist organisation, which is the fundamental reason why I believe the Brendan Eich that contributed to Prop 8 isn’t the CEO that Mozilla needs.” Mozilla chair sceptical of zero-rating approachlast_img read more

Parents of slain college student speak out on ride-sharing safety

first_imgABC News(NEW YORK) — The parents of a University of South Carolina student who mistook her alleged killer’s car for an Uber spoke out Monday to recommend changes in the ride-sharing industry so no one else will have to endure the grief they are experiencing. “We’ve heard from strangers all over the country and so many people have told us it could have been our daughter, our son, ourselves,” Marci Josephson, whose daughter, Samantha, was killed last month, told ABC News’ George Stephanopoulos on Good Morning America.“I think it’s just become such a natural or new phenomenon using Uber. We trust people and you can’t. You have to change the way that the laws are to make it safer because that’s our nature. We automatically assume that we’re safe,” she continued.Samantha’s father, Seymour, added, “We grow up teaching our kids not to get into cars with strangers. And what do we do? We get into cars with strangers.” Samantha Josephson, a senior political science major, was out with friends in the Five Points neighborhood of Columbia, South Carolina when she ordered an Uber to take her home in the early hours of March 29. Security video showed her getting into a car around 2 a.m., which police believe she thought was her Uber.Police said after she got into the car, her alleged killer activated the child safety door locks, preventing her from escaping.Samantha’s body was found in a wooded area near where suspected killer, Nathaniel Rowland, recently lived, police said, and the student’s cellphone and blood were found in Rowland’s car. Rowland was arrested and charged with murder and kidnapping. He is awaiting a bail hearing on April 22. “We just want you to know that she is a fabulous young woman,” Marci Josephson said of her daughter. “Kind, a best friend to everyone, really determined, hard worker and a fun young woman.” Seymour Josephson said he called her “sweet pea.”“I called both of my children sweet pea. They are just, both of my kids, are phenomenal. They’re our best friends,” he said. During a vigil for Samantha earlier this month, Seymour Josephson launched a quest to make sure other students are made aware of the potential dangers of ride-sharing.South Carolina lawmakers introduced the “Samantha L. Josephson Ridesharing Safety Act,” which would require ride-sharing vehicles to have an illuminated, company-provided sign with the company’s “trademark or logo that is patently visible so as to be seen in darkness.”While Seymour Josephson said the proposed law is a “great start,” he wants to see more, including requiring ride-sharing operators to have license plates on the front of their cars. South Carolina is one of 19 states that don’t require license plates on the front of cars.“When the car is pulling up, you can’t see the front license plate,” the father said. He also wants ride-sharing companies to place bar codes on the passenger and driver’s side of vehicles. “You put your phone up to it and if turns green, that’s my ride. If it’s not your ride, it turns red,” he said. “The technology is already out there. It’s a very easy way to implement safety for the consumer as well as the driver.”Marci Seymour said everyone who takes a ride-sharing vehicle should get into the habit of asking the driver if they know the name of the person they are picking up before getting into the car. “It has to be automatic, like putting on a seat-belt,” she said. “You have to ask, ‘What’s my name?’ because it can be anyone.”Samantha Josephson was expected to graduate from the University of South Carolina this spring and was planning to go to law school at Drexel University in Philadelphia. Her parents plan to be at their daughter’s graduation, where her diploma will be presented posthumously. “It will be the hardest thing for us to go, but we want to go,” the mother said. “She wanted us to be there.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more