Slovenian Adria Airways in bankruptcy

first_imgAll this would be great if there was a concrete plan and vision of future development, so we don’t know how many times, the Government of the Republic of Croatia again gives a lot of money to patch bottomless holes, without a clear plan of stabilization, restructuring and a correct plan to survive and be profitable. “The state does not intend to enter into such an enterprise. Otherwise, the bis would take on a large debt created by the owner, and allow the owner to avoid responsibility for the situation. We believe that this would be irresponsible and that the only possible scenario is the bankruptcy of Adria Airways “Said the Slovenian Minister of Economy, Zdravko Počivalšek, reports Delo. As we wrote, the collapse of Thomas Cook, one of the oldest and most famous travel agencies in the world, opened Pandora’s box and led to problems throughout the European airspace as well as in other airlines that did not transform according to new trends and market circumstances. Adria Airways expected that the Slovenian government would provide financial assistance, but it did not happen, so Adria Airways, otherwise owned by the German fund 4K Invest, declared bankruptcy. On the other hand, it is interesting how Thomas Cook asked the UK Parliament for financial assistance, which was refused, as in the case of Adria Airways, and after the companies failed to financially close the rescue plan, they declared bankruptcy. On the other hand, the majority owner of Croatia Airlines is the Republic of Croatia, which will still “help” its airline with HRK 250 million to save itself from bankruptcy. Slovenian airline Adria Airways filed for bankruptcy on Monday, Slovenian Delo writes. Photo: Adria Airwayslast_img read more

Boeing hit with 43 737 MAX cancellations, no new orders in July

first_imgBoeing on Tuesday reported another 43 cancelled orders for the troubled 737 MAX in July and, with global aviation in a pandemic-imposed slump, the aerospace giant failed to secure new orders for any aircraft last month.According to a monthly report, the aircraft manufacturer this year has been hit with 398 cancellations for the 737 MAX, which has been grounded since March 2019 following two deadly crashes.Boeing delivered just four aircraft in July, two 787 Dreamliners to Air France-KLM and Turkish Airlines, as well as two cargo planes, compared to 19 in the same month of 2019. The delivery rate is key since that is when the manufacturer receives most of the price of the plane. Topics : The company resumed some assembly activity on the MAX in May after halting work for a few months, but has slowed plans to ramp-up production amid the continuing impact of COVID-19, while lowering the output plans for the 777 and the 787 jets.The manufacturer has been making strides towards getting the MAX certified to fly again, with test flights in late June, but authorities have not yet given the green light and Boeing is not expected to resume deliveries until the fourth quarter at the earliest.Boeing also warned last month that it will have to lay off even more workers than the 16,000 job cuts announced in April.last_img read more

Petro Caribe the ‘life blood of Caribbean’

first_img Sharing is caring! LocalNews Petro Caribe the ‘life blood of Caribbean’ by: – June 28, 2012 Share Share Tweetcenter_img 57 Views   no discussions Share Petro Caribe which has been supplying gasoline, diesel, liquid petroleum gas and asphalt to Dominica and other Caribbean countries, has been described as the “life blood” of the Caribbean by Prime Minister Roosevelt Skerrit.The Petrocaribe Energy Cooperation Agreement which was signed between President Hugo Chavez and Prime Minister Roosevelt Skerrit in Venezuela on June 29th, 2005 will mark its 7th year anniversary on Friday.At an anniversary celebration at the Old Mill Cultural Centre on Wednesday evening, the prime minister noted that he could “say without fear of contradiction” that Petro Caribe has been assisting many Caribbean countries to keep afloat financially.“I know of countries today, because of the global crisis, are using the funds from Petro Caribe to pay the salaries of public officers in these countries. I know of countries today that are using the resources to meet their debt payment that they are unable to meet on a monthly basis and if we were to remove the Petro Caribe agreement from the mix of financial considerations, I would say that the challenges which are confronting all of us in the Caribbean would have been fourfold”. Venezuelan Ambassador, Carmen Martinez de Grijalva who explained that the Petro Caribe agreement stands for “unity, solidarity, cooperation, energy security, social and economic development and environmental security,” said the agreement has been a very “fruitful” one. She highlighted the work which the Petro Caribe agreement has completed in Dominica during these seven years.These include, the establishment of a plant in Jimmit which provides employment to thirty-three (33) people, the Petro Cases project, removal of scrap metal from the bay in Portsmouth, the expansion and security work at the Melville Hall Airport, gas stations to fishermen across the island and free liquid petroleum gas to centenarians.PDV Caribe Dominica Ltd’s General Manager, Guillermo Lozza, also complimented Dominica for proving to be the most “effective means of integration between two countries”.He explained, through this agreement Dominica has received “financial and social benefits” and expressed confidence that the agreement “will continue to provide material benefits to the people of Dominica”.Meanwhile, Energy Minister Reginald Austrie told Dominica Vibes News that Petro Caribe has been a “blessing” and this relationship will not be severed anytime soon. “Petro Caribe has been there in every aspect of Dominican life and it is really a God sent and a blessing that we have Petro Caribe. So the issue of getting out of Petro Caribe is not an issue, it’s not on the board and it’s not up for debate or consideration”.There was also a cultural event in which several groups and artistes provided entertainment for the guests.Among them were; the IVCC Cuatro Group, the Cuban Dancers, the NIDRA Dance group, the Pointe Michel Dance group, River Song, Ophelia Marie and Gregory Rabess.Dominica Vibes Newslast_img read more

Man U, Man City won’t play in first weekend of Premier League

first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U EPL: Gunners gun for West Ham scalp Manchester United and Manchester City will not be required to compete in the opening weekend of the 2020-21 Premier League campaign following their European commitments this past season, the Times newspaper has said.Man City’s season came to an end on August 15 with a 3-1 defeat by Olympique Lyonnais in the Champions League quarter-finals, while Man United’s season concluded following their Europa League semi-final loss to Sevilla a day later. The Premier League season is set to begin on September 12 and with teams requiring at least a 30-day break before their first match, City and United will likely play their opening game the following week, the Times said.However, Wolverhampton Wanderers, who were knocked out of the Europa League by Sevilla on August 11 – 32 days before the start of the new season – will be required to play on the opening weekend.City ended the 2019-20 season in second place, 15 points ahead of third-placed United.Reuters/NAN.Tags: 30 Day Rest PeriodEnglish Premier LeagueEuropean CommitmentsFirst WeekendManchester CityManchester Unitedlast_img read more

Wenger shocked at Pulis departure

first_img Former Stoke boss Pulis had reportedly been left frustrated by the club failing to push through deals for various players he targeted to strengthen the Palace squad. Palace issued a brief statement on Friday morning, which indicated Pulis had left by “mutal consent”, with several candidates such as Malky Mackay, Neil Lennon and Tim Sherwood likely to be interested in the vacancy. Wenger revealed there had been no indications of any issues when he caught up with Pulis at a pre-season Premier League managers’ meeting at the start of the week. “It was a complete surprise to me and what kind of consequence that will have on Crystal Palace, I don’t know,” said Wenger, who is the longest-serving manager in the top flight. “The only thing I can say is that he’s done a remarkable job last season and he made a miracle. I don’t really know why he left, but it took me by surprise. “I have (never) seen that (manager leave so close to start of season) before, so you can always be surprised. “I was at a managers’ meeting on Monday with Tony Pulis and nothing indicated that he would not be here (on Saturday) afternoon.” Wenger added: “Maybe Tony Pulis was the manager of the season last year because he took the maximum out of his team during the period he was there – that is the real job of the manager.” Arsenal hope to have defender Laurent Koscielny fit following a minor Achilles problem, while caretaker Palace boss Keith Millen could hand debuts to Martin Kelly, Fraizer Campbell and Brede Hangeland. Palace’s plans for the new Barclays Premier League season, which starts at Arsenal in Saturday’s late kick-off, have been thrown into disarray after Pulis left the Selhurst Park club late on Thursday. Pulis was named manager of the season for 2013/2014, having guided the Eagles to safety following his appointment last November at a time when the south London club were rock bottom, but went on to finish comfortably in mid-table. Arsenal manager Arsene Wenger admitted he did not see Tony Pulis’ departure from Crystal Palace coming.center_img Press Associationlast_img read more

UEFA elects new president today

first_imgBy Brian HomewoodATHENS, Greece (Reuters) – UEFA elects a new president today whose main task will be to stop what European officials say is an inexorable slide towards a breakaway soccer Super League open only to wealthy clubs such as Real Madrid and Manchester City.Aleksander Ceferin, a lawyer from Slovenia, and Dutchman Michael van Praag, an experienced football administrator, are the only candidates for a job which will essentially involve keeping European football intact in its current form.The election, which will be held in Athens, has been called after former president Michel Platini was banned last October as FIFA’s ethics committee investigated allegations of unethical conduct.Platini, banned for four years, finally resigned in May after exhausting the appeal process and the power vacuum allowed the big clubs to negotiate changes to the flagship Champions League in their favour.Those were finalised last month when UEFA opened up more places to teams from Europe’s biggest four leagues — effectively Spain, England, Germany and Italy –- in the competition’s lucrative group stage and cut those allocated to the rest.Faced with the possibility of the big clubs forming their own Super League, UEFA said it had managed to “keep it in the family” but the move infuriated many clubs and leagues from outside the main countries.Both candidates criticised the way in which the Champions League changes were made.However, as so often happens in the secretive world of soccer politics where officials like to keep their options close to their chests, they were cagey on whether they would try to reverse the changes if elected.“There needs to be a far stronger balance between sporting merit and commercial pressures, otherwise we risk an inexorable slide towards an NFL-style closed-shop system,” said Neil Doncaster, CEO of the Scottish league.“UEFA has a duty to act on behalf of the entire game, not just a few select clubs and leagues and it must take that duty far more seriously if it is not to risk presiding over a harmful fragmentation of the game.”Dutch league director Jacco Swart even predicted a worldwide league in the next few years, driven by “TV markets, huge sponsors, branding and marketing”.The gap between the richest clubs and the rest has continued to grow over the last few years, fuelled by a revenue distribution system which dishes out larger sums to the bigger clubs and creates a snowball effect.During the last European transfer window, Manchester United spent more on midfielder Paul Pogba — 100 million euros — than the combined transfer expenditure of Portugal’s 16 first division clubs.Both candidates in the election, hailing from smaller nations, have experienced the differences first hand.Ceferin’s homeland has been represented in the Champions League group stage only twice since 1992 -– both times by Maribor. The 48-year-old appears to be the favourite, although he is little known outside Slovenia.Van Praag, now head of the Dutch FA, is a former chairman of Dutch club Ajax which used to be a major European power but can no longer compete with the financial might of clubs from bigger leagues.Like other once mighty clubs such as Benfica, Ajax has effectively become a feeder club for the big leagues, supplying young talents such as Zlatan Ibrahimovic and Luis Suarez, who both played there earlier in their careers.Insiders say that the new incumbent, who will be in the post until 2019, will need the courage to stand up to the big clubs if he wants to keep the traditional pyramid system, where teams can rise and fall according to their sporting results.Lars-Christer Olsson, head of the umbrella group representing 24 European leagues, said that ultimately sponsors were likely to shy away from a sport which was splintered.“The last thing they want is a split in the market,” he told Reuters. “I think UEFA was afraid for no real reason.”last_img read more

Injury-riddled Broncos lose rookie Justin Strnad for year

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditENGLEWOOD, Colo. (AP) — The Denver Broncos’ injury streak kept 11 players out of Monday’s practice and led coach Vic Fangio to suggest the NFL should have mixed in more off days to its training camp ramp-up period.“I think there was too many days where they were going and we should have adjusted,” Fangio said, “but we followed the schedule the league put out and you know we live and learn from it.”The most seriously injured of the 11 players who were sidelined was rookie linebacker Justin Strnad, who underwent wrist surgery and is out for the year after getting hurt during Sunday’s practice. Despite fewer practices than at this time last summer, the Broncos have had more injuries than they did during all of the 2019 training camp, said Fangio.“I think there were some flaws in the way we set up the acclimation period along with the other stuff, but it doesn’t do anybody any good to whine about it now,” Fangio said. “We’ve just got to adjust and improvise and react to it, which we did.”___Follow Arnie Melendrez Stapleton on Twitter: Injury-riddled Broncos lose rookie Justin Strnad for year August 24, 2020 Associated Press “It was a dislocation. That, in and of itself, wouldn’t put him out for the year, but there was other complications,” Fangio said.Strnad was a fifth-round pick from Wake Forest who was expected to be Denver’s nickel inside linebacker. With Strnad out, second-year hybrid linebacker Justin Hollins was moved inside to take his place.Fangio had to adjust practice with so many players out. The Broncos offensive and defensive starters worked on the Tennessee Titans, their season-opening opponent on Sept. 14.Nose tackle Mike Prucell was out with calf tightness and three others — wide receiver Tim Patrick, cornerback De’Vante Bausty and safety Alijah Holder — missed practice with what Fangio described only as “soft tissue injuries,” the kind being seen across the league as teams ramp up following the cornavirus-caused virtual offseason.Rookie cornerback Michael Ojemudia (thigh), receiver K.J. Hamler (hamstring) and linebacker Todd Davis (calf) also were among those sidelined with soft tissue injuries and outside linebacker Malik Carney was ill. More AP NFL: and read more

Take back the night

first_imgThe USC Women’s Student Assembly is hosting Take Back the Night this week, which discusses sexual violence. On Monday, the WSA set up an exhibit Alumni Park to increase sexual assault awarness.last_img

Adam Smith didn’t transfer to Georgia Tech because of basketball, but he’s thrived for GT

first_imgHe led Virginia Tech in scoring and shots per game. He started 21 games for the Hokies. He was next in line to become a captain.“Both Joey van Zegeren and I figured we were going to lead the team,” Adam Smith said.But Smith, then a junior, opted to transfer. His decision to reject that opportunity shocked Hokie fans. But it had nothing to do with basketball. It had everything to do with his long-term future.Smith, now pursuing a master’s degree in music technology at Georgia Tech, wanted a graduate program that allowed him to pursue a career path outside of the sport. And while he isn’t ruling a professional career out, he’s considering his realistic options.“Hopefully, I get a chance to play professional basketball,” Smith said. “But at some point, it’s going to end.”AdvertisementThis is placeholder textSmith is second on Georgia Tech in scoring, averaging 14.4 points per game for the Yellow Jackets (12-8, 2-5 Atlantic Coast) and is leading the team in three-point shooting. Smith scored 20 points in Wednesday’s win over North Carolina State, a key win for the Yellow Jackets after it lost three straight conference games. He’ll be at the forefront of GT’s effort to upset Syracuse (14-8, 4-5) in the Carrier Dome at noon on Saturday.This wasn’t Smith’s first transfer. He left UNC Wilmington for Virginia Tech following his freshman year and was forced to sit out the 2012-13 season due to NCAA transfer rules. Two years later, he started 21 games and lead the Hokies in scoring with 13 points per game.But after completing his degree in multimedia journalism at Virginia Tech, Smith wasn’t interested in any of the school’s dual degree or master’s degree programs. He met with his head coach, Buzz Williams, and two worked together to figure out his future at other schools.“He knew my educational goals and aspirations. It was nothing personal,” Smith said.Smith was contacted by 16 programs, including Kansas State and Memphis. But it came down to three schools for the Atlanta native: Georgia Southern, Georgia State and Georgia Tech.“Once those Georgia schools contacted me, it was a great opportunity to get back home,” Smith said. “It just kind of presented itself. I wouldn’t have even thought of going back home. It’s a win-win situation.”He visited Georgia Tech, where he recognized most of his future teammates from playing high school basketball in the greater Atlanta area. He knew the Yellow Jackets’ program well from ACC competition. He conducted his own research into the academic programs, specifically looking into the school’s audio engineering graduate degree.The school’s location, which was close to home and close to several media outlets, was the school’s biggest sell to him.“It’s perfect for Adam,” Greg Smith, Adam’s father, said. “TBS is right across the street from the basketball arena. ESPN, TNT, they’re all here.”While most graduate students don’t have to sit out for a season after transferring, Smith had to apply for an NCAA waiver due to his previous transfer. His request was granted.Smith has already gotten involved in media at Georgia Tech, working with the school’s athletic department on minor projects. He can’t wait to work with the department more once basketball season ends.“I’ll have more time to do that then,” Smith said. “We’ve been talking about it. I’m not sure how much basketball I’ll still be playing.”And while his numbers have risen compared to his final year at Virginia Tech, Smith may have missed an opportunity to lead a team to the NCAA Tournament. In his return to Blacksburg, Georgia Tech lost an 88-87 nailbiter to the Hokies. Smith scored five points on 2-13 shooting.“I knew they were going to be better this year,” Smith said. “They had some great players coming in. All of those guys were my friends … (My transfer) had less to do with basketball than anything.” Comments Published on January 30, 2016 at 9:00 am Contact Chris: Facebook Twitter Google+center_img Related Stories Syracuse basketball opponent preview: What to know about Georgia TechBeat writers predict Syracuse basketball to sting Georgia TechWhat we learned from Syracuse’s 81-66 win over No. 25 Notre Damelast_img read more