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Heritage Aviation acquires Atlantic Aviation’s Burlington FBO

first_imgHeritage Aviation, Inc.,Heritage Aviation, Inc has acquired the Atlantic Aviation FBO (Fixed Based Operator) at Burlington International Airport (KBTV). Operations at the location will be managed under the Heritage Aviation brand.  Transient general aviation aircraft will be handled at Heritage Aviation’s existing South Ramp Facility. Heritage Aviation now offers nearly 100,000 square feet of heated hangar space. The acquisition is effective today. It will boost employment at Heritage by 20 to 120. Julia Atherton, Public Relations Manager at Heritage, said there was some reduction in employment at Atlantic, which should be more than made up as Heritage continues to grow. She said Heritage has added 65 people in the last five years.Atherton said the former Atlantic facilities will remain open and be used to serve the Burlington Airport-based tenant aircraft community. She said only the transient general aviation aircraft will be directed to the facilities off Williston Road, where the Heritage facilities are accessed.She said terms of the deal will not be released.Meanwhile, Atlantic owner, Macquarie Infrastructure Company (NYSE: MIC), said in a statement that it had divested its BTV and Hayward, California, operations, saying they were “sub-scale.” Atlantic, it said, is negotiating the acquisition of additional US-based FBOs. Proceeds from the sales of the Hayward and Burlington operations will be retained to fund a portion of these acquisitions, should negotiations result in a purchase agreement.‘Atlantic concluded that its operations at each of Hayward and Burlington were sub-scale relative to their markets. Selling the FBOs at these airports provides Atlantic with an opportunity to pursue expansion into regions they believe have stronger growth prospects,’ added Hooke.Following the announcement of the sales, MIC reaffirmed its full-year guidance for Atlantic of EBITDA (earnings before interest taxes depreciation and amortization) of between $125 and $130 million.Atlantic operates the largest network of fixed base operations in the U.S. and opened its newest facility at Will Rogers Airport in Oklahoma City on June 21st.About Heritage AviationHeritage Aviation is a Burlington, Vermont based diversified aviation services Company providing FBO, Maintenance and Avionics, Charter and Aircraft Management.  The FBO division provides 24/7 ground handling, fueling, deicing and related aviation support services and is ideally situated as an international technical stop with U.S. Customs on-site.  The Company’s Diamond Award winning FAA certified repair station has provided aircraft maintenance and avionics services continuously for twenty-five years.  The Company’s charter division, Heritage Flight, operates aircraft globally and domestically.  Heritage Aviation operates a LEED Gold certified general aviation facility, including on-site renewable energy, as part of a commitment to environmental sustainability.About Macquarie Infrastructure CompanyMacquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic, everyday services, to customers in the United States. Its ongoing businesses consist of three energy-related businesses including a gas production and distribution business (The Gas Company in Hawaii), a controlling interest in a district energy business (District Energy), and a 50% indirect interest in a bulk liquid storage terminal business (International-Matex Tank Terminals). MIC also owns and operates an aviation-related airport services business (Atlantic Aviation). The Company is managed by a wholly-owned subsidiary of the Macquarie Group. For additional information, please visit the Macquarie Infrastructure Company website at www.macquarie.com/mic(link is external).  July 1st, 2011 – Burlington, VT ‘Heritage Aviation, Inc . MIC.last_img read more

Trump mulls higher US stimulus offer as Mnuchin downplays deal

first_imgTrailing badly in national polls behind Democrat Joe Biden and as record numbers of voters are casting their ballots early, with signs the tally favors Trump’s challenger, the president has turned cheerleader for a rescue package.Despite abruptly shutting down the talks last week, and then quickly reversing course, Trump said he would support a bigger stimulus plan.”I would pay more, I would go higher,” he said in an interview with Fox Business Network.The Democratic leader told Mnuchin she welcomed the president’s willingness to “go big or go home,” Pelosi spokesman Drew Hammill said on Twitter late Thursday.The two officials spoke for nearly 90 minutes and “The Secretary stated he would accept Democrats’ language for a national strategic testing plan with ‘minor’ edits,” Hammill said.Pelosi said in an interview on MSNBC late Wednesday that a new bill must have a “clear plan to crush the virus” as well as funds for education and to protect worker safety.Republican revoltThe stimulus talks have dogged Wall Street in recent days as traders began realizing new economic government spending may not be approved any time soon, but the Dow regained some ground after Trump’s comments, closing flat Thursday.The CARES Act has been credited with boosting consumption and keeping small businesses afloat through a program of loans and grants, but those measures have lapsed.A separate program to stop airlines from laying off workers amid a collapse in travel during the pandemic expired at the start of October, and major carriers have since furloughed around 32,000 employees.Labor Department data released Thursday showed jobless benefit applications ticked up unexpectedly in the week ended October 10 to their highest level since mid-August.But Senate Republicans have balked at the high price tag for the stimulus plan, and called for smaller, narrowly targeted measures.Senate Majority Leader Mitch McConnell signaled opposition to spending anywhere near what Trump has proposed, replying “I don’t think so” when asked at a press conference if he would bring the measure up for a vote.Pelosi also dismissed the ruling party’s newfound concerns about the price tag, and Hammill said she urged Trump to “weigh in” with McConnell.”The GOP gave a $150 billion tax giveaway to the wealthiest in America, but now claim we cannot afford to provide expanded benefits for the unemployed,” the House leader tweeted referring to provisions in the CARES Act.The IMF’s chief economist told AFP this week another $2.2 trillion injection of stimulus would boost US GDP growth by two percentage points next year, over the 3.1 percent GDP rise currently forecast.On Thursday IMF Managing Director Kristalina Georgieva said she had faith that lawmakers would eventually get a spending package passed.”Let’s see how quickly it would be deployed, but I have no doubt it will be deployed, because it is necessary before the end of the year,” Georgieva said during a debate on the global economy.Topics : Key provisions of that package have expired, depriving small businesses of support and sparking mass layoffs by US airlines.But with the November 3 election drawing ever nearer and Democrats and Republicans still arguing over how much to spend and in what form, Mnuchin acknowledged the talks are facing tough odds.”A deal would be hard to get done before the election, but we’re going to keep trying,” he said in an interview on CNBC, adding that “there are significant issues.”The Democrat-controlled House of Representatives recently approved a $2.2 trillion bill to boost the virus-damaged economy, but the latest White House proposal was for $1.8 trillion, and Pelosi called it insufficient. Lawmakers and the White House are unlikely to finalize a new stimulus plan before the November election, United States Treasury Secretary Steven Mnuchin said Thursday, even as his boss President Donald Trump indicated he may raise his offer.But there were signs late in the day that the impasse might be easing, after Mnuchin said the administration would agree on a national testing plan Democrats have called for in the package to help ease the damage from the COVID-19 pandemic, according to an aide to House Speaker Nancy Pelosi.It was a small but potentially significant step after months of fruitless talks on a successor to the US$2.2 trillion CARES Act approved in March as the pandemic was taking hold. last_img read more

Palace sign Wickham

first_img The striker moves to Selhurst Park for an undisclosed fee after four years at the Stadium of Light. Wickham told the club’s official site: “I think I needed the fresh start, I had four years up north and it’s been a bit stop-start. Now I’ve come back home and I can settle down and see my family a bit more and hopefully let my football do the talking.” Crystal Palace have signed Connor Wickham from Sunderland on a five-year deal. Press Associationcenter_img “I spoke to the gaffer last week and he said all the right things about the club and I’ve got friends here who also told me some very good things,” he said. “I looked at the team before I arrived here and the signings that have been brought in, and the potential to score goals and the chances that could be created was a massive influence. Hopefully I can add to that talent and make the squad stronger.” Wickham scored 15 goals in 91 games for Sunderland and helped them avoid the drop in 2013-14 when he netted five in their last six games. The 22-year-old joined the Black Cats in 2011 from Ipswich, where he made his debut aged just 16 years and 11 days. But the England Under-21 international struggled to make a consistent impact at Sunderland after an £8million move and was loaned out to Leeds and Sheffield Wednesday during his time in the north-east. last_img read more

Hollywood And Its Celebrities May Be The Ticket For Promoting EVs

Above: Dinesh’s Tesla Model S played a starring role on the most recent season of HBO’s Silicon Valley (Image: HBO)BBC’s Mathieu adds, “By showing on screen that we understand the changes that are happening, we can show the audience that we get it, we are with them in this, we are relevant in this changing world and there is, indeed, hope that we can address and deal with these major problems.”===Source: The Globe and Mail*Editor’s Note: EVANNEX, which also sells aftermarket gear for Teslas, has kindly allowed us to share some of its content with our readers, free of charge. Our thanks go out to EVANNEX. Check out the site here. Above: A Tesla Model 3 shows up on The Simpsons (Image: IMCDB)Jeremy Mathieu, a sustainability adviser for the BBC, is reported to have “encouraged producers to depict electric-car charging points in the background of a street scene… [and] have characters working in the green industry and mentioning climate change or pollution as part of a conversation.” *This article comes to us courtesy of EVANNEX (which also makes aftermarket Tesla accessories). Authored by Matt Pressman. The opinions expressed in these articles are not necessarily our own at InsideEVs. Tesla Model 3 Sales Hit Epic Volume In August Author Liberty Access TechnologiesPosted on September 29, 2018Categories Electric Vehicle News Check Out These Celebrity Tesla Model S’ With Plenty Of Wow Factor Source: Electric Vehicle News Tesla Model S & X To Chauffeur Celebrities To Oscars With Help From Morgan Freeman Above: An all-electric Tesla Model S and BMW i3 appear throughout the most recent season of HBO’s Curb Your Enthusiasm (Image: IMCDB)Zena Harris, creative director of the Sustainable Production Forum at the Vancouver International Film Festival explains, “We don’t want to necessarily impact the creative element in terms of story line… But if [a character] is going to be driving a car somewhere, could that car be an electric vehicle? This is where we start to normalize behaviours onscreen, and substitute in products and behaviours that are more environmentally conscious.” HOLLYWOOD IS WORKING HARDER TO PROMOTE ELECTRIC CARS AND CLEAN ENERGYTesla’s cars have become popular with many of Hollywood’s biggest stars. But more recently, many of those who are behind-the-scenes on today’s television and movie sets are embracing the electric car and clean energy. Ian Bailey reports in The Globe and Mail that movies and television shows “with green content can [help] drive sustainability.” And that’s an important message that can be promoted from Hollywood to the masses.Check Out These Stories: Above: Tesla Model S in the Deadpool 2 movie (Image: IMCDB)Bailey says, “It’s a point the TV and film industries are trying to make with viewers, in the same way they turned against smoking and other uses of tobacco in previous decades.” Bailey interviewed Clara George, a producer on The Arrangement, a television series which included “a subtle nudge to viewers about the importance of sustainability.” For instance, “Another character on the show drove a Tesla.”.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Above: USA Network’s show, Suits, features a scene starring the original Tesla Roadster (Youtube: SuitsonUSA)“People are very worried they are going to have to change their lives dramatically to take any sustainable steps,” George says. “What we can show them is, ‘No, you don’t. They can just be in anything.’” She adds, “What drives me crazy is that people still think it’s a discussion. We need action now… I don’t think climate change is debatable.” read more