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Archives for February 2018

ColorComm lanza Día nacional de servicio comunitario en honor al Mes de la historia de la mujer 2018

February 28, 2018 by forimmediaterelease.net -

WASHINGTON, 28 de febrero de 2018 /PRNewswire-HISPANIC PR WIRE/ — ColorComm, Inc., la principal plataforma de mujeres del país que aborda la diversidad y la inclusión en las industrias de la comunicación, la mercadotecnia, los medios y la publicidad, celebrará su primer Día de servicio comunitario ColorComm el sábado 3 de marzo de 2018 en siete delegaciones de la red en todo el país.

El Día de servicio comunitario ColorComm tendrá lugar en cada ciudad que tiene una delegación de ColorComm con el objetivo de pasar el sábado ayudando a las comunidades locales y ofreciendo recursos a aquellos que los necesitan. Las ciudades que se sumarán a esta iniciativa son las siguientes: Nueva York, Washington, D.C., Chicago, Atlanta, Los Ángeles, San Francisco y Dallas.

Varias veces al año, cada delegación de ColorComm participa en una actividad de servicio comunitario. Sin embargo, este es el primer año que todas las delegaciones de ColorComm aunarán esfuerzos para brindar su tiempo y recursos en un mismo día.

“En honor al Mes de la historia de la mujer, quería que las mujeres de ColorComm se unieran para ayudar al prójimo el mismo día. La unión hace la fuerza y creemos que es muy importante aprovechar esta época y este mes para ayudar a quienes lo necesitan”, señaló Lauren Wesley Wilson, presidenta y directora ejecutiva de ColorComm, Inc.

“El Día de servicio comunitario ColorComm espera concientizar y tener un impacto en los diferentes refugios, asilos y servicios en nuestras comunidades locales a lo largo y ancho del país”, afirmó Wilson.

El Día de servicio comunitario ColorComm las miembros ayudarán a personas sin hogar, ofrecerán recursos a residentes de asilos, brindarán guía y apoyo a jóvenes que estudian ciencias, tecnología, ingeniería y matemáticas y ayudarán a familias necesitadas con hijos.

El Día de servicio comunitario ColorComm se celebrará en los siguientes lugares:

Use el hashtag #ColorCommServiceDay para seguir las actividades que tendrán lugar el sábado 3 de marzo de 2018.

Para más información visite:
Sitios web: www.colorcommconference.com; www.colorcommnetwork.com
Facebook: https://www.facebook.com/ColorComm
Twitter: https://twitter.com/colorcommntwk
Instagram: https://www.instagram.com/colorcomm

FUENTE ColorComm, Inc.

SOURCE ColorComm, Inc.

Related Links

http://www.colorcommconference.com

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W&T Offshore Announces Fourth Quarter 2017 Operational And Financial Results, Year-End 2017 Proved Reserves, 2018 Guidance and 2018 Capital Plan

February 28, 2018 by forimmediaterelease.net -

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Lou Ann Jones is recognized by Continental Who's Who

February 28, 2018 by forimmediaterelease.net -

GOLDSBORO, N.C., Feb. 28, 2018 /PRNewswire/ — Lou Ann Jones is recognized by Continental Who’s Who as a Pinnacle Professional in the field of Healthcare. Lou Ann is the Senior Vice President of Marketing and Development for 3HC Home Health and Hospice Care, Inc.
               

Established in 1981, 3HC-Home Health & Hospice Care is a private, nonprofit agency serving residents throughout a spectrum of medical services. Both Medicare and Medicaid certified, 3HC is home to seven clinical offices, the inpatient Kitty Askins Hospice Center and the inpatient Crystal Coast Hospice House.

In addition to her work, Lou Ann enjoys mentoring up and coming professionals and encourages her peers to attain as much education as possible to excel in the fast-changing healthcare industry. In the years to come, she would like to renovate the company for future expansion.

Contact: Katherine Green, 516-825-5634, [email protected]

SOURCE Continental Who’s Who

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Filed Under: Press Release

Fly Leasing to Acquire Major Aircraft Portfolio

February 28, 2018 by forimmediaterelease.net -

DUBLIN, Feb. 28, 2018 /PRNewswire/ — Fly Leasing Limited (“FLY”) (NYSE: FLY) today announced that it has entered into a definitive agreement with AirAsia Berhad (“AAB”) (KLSE: 5099) and its subsidiary, Asia Aviation Capital Limited (“AAC”), under which FLY will acquire 54 Airbus narrowbody aircraft and seven CFM engines on lease to AAB and its affiliates (the “AirAsia Group”), and one Airbus narrowbody aircraft on lease to a third-party airline.  In addition, FLY will acquire the option to purchase an additional 20 Airbus A320neo family aircraft, not subject to lease, which begin delivering from the manufacturer in 2019.

At the closing of the initial stage of the transaction, FLY will acquire 34 Airbus A320-200 aircraft and seven aircraft engines.  Of these aircraft, which have an average age of 6.6 years and a remaining lease term of 6.2 years, 33 are on lease to five different airlines within the AirAsia Group, and one aircraft is on lease to a third-party airline.

In addition to the aircraft acquired in the first stage of the transaction, FLY has agreed to acquire 21 A320neo family aircraft that will be subject to 12-year leases to AirAsia Group airlines.  These 21 aircraft are scheduled to deliver new from the manufacturer between 2019 and 2021. 

In the final stage of the transaction, FLY will acquire the option to purchase an additional 20 Airbus A320neo family aircraft, not subject to lease, which begin delivering from the manufacturer in 2019.

Under the terms of the agreement, AAB will receive approximately $1.0 billion in cash and 3,333,333 newly-issued FLY shares at $15.00 per share as part of the initial stage of the transaction.  The shares acquired by AAB will be subject to lock-up arrangements through 2021, and voting and standstill agreements, and will be entitled to registration rights. 

In addition, an affiliate of Onex Corporation (“Onex”) and the management team of BBAM Limited Partnership (“BBAM”) will each acquire 666,667 newly-issued FLY shares at $15.00 per share, for total consideration of $20 million.  When added to pre-existing shareholdings by Onex and the BBAM management team, these investors will hold a total of 5.5 million shares, or 17% of the company’s proforma outstanding shares.

The transaction is expected to close in the second and third quarters of 2018, subject to approval by AAB shareholders, receipt of necessary regulatory approvals and satisfaction of other customary closing conditions.

The transaction is part of a larger acquisition under which FLY, together with BBAM’s other capital partners, Nomura Babcock & Brown and Incline Aviation, will acquire a total of 132 aircraft from AAB and its subsidiary AAC, as well as options to acquire 50 A320neo family aircraft, to be delivered in the future. AAB will also make a $50 million investment in Incline Aviation as part of its consideration.

FLY’s CEO Colm Barrington commented: “We are thrilled to partner with one of Asia’s premier and fastest expanding airline groups.  These investments will grow FLY’s fleet with the most attractive and newest generation of narrowbody aircraft on known lease and financing terms.  This transaction is expected to drive high levels of stable, long-term profitability and cash flows at FLY for the benefit of our stakeholders.”

Tan Sri Tony Fernandes, AirAsia Group Chief Executive Officer, added: “The AirAsia Group is delighted to begin this new, long-term partnership with Steve and the rest of the team at BBAM. BBAM has a similar culture to AirAsia. Steve is a great entrepreneur with a strategic vision and he has built a strong team with great attention to detail that is incredibly passionate about what they do. I am confident that his management team will drive the value of our investment in both FLY and Incline.”  Mr. Fernandes commented further, “This is a perfect outcome to a strategy we started in 2004 and I’m thrilled at the execution of our long-term vision. We have now disposed most of our physical non-core assets and we are thrilled to be embarking on our new digital strategy, which will build a very valuable group of assets.”

Steve Zissis, Chief Executive Officer of BBAM, commented: “BBAM is providing FLY with unique access to a major investment opportunity that FLY would not have been able to pursue on its own.  We passionately believe BBAM’s unique structure enables us to offer unparalleled fleet planning solutions to our airline customers by enabling us to participate in large scale transactions that few of our peers can deliver.”  Mr. Zissis further commented, “Tony and his team have built an incredible business at AirAsia and we feel fortunate in having this opportunity to build a long-term partnership with an organization of this caliber.”

Advisors

Vedder Price and Jones Day acted as legal advisors to FLY.  BNP Paribas, Citi, Commonwealth Bank of Australia and Deutsche Bank have provided committed financing to FLY for the transaction.  EY and KPMG acted as tax advisors to FLY.

Conference Call and Webcast for Investors and Analysts

In connection with the press release, management will host a conference call and webcast with slide presentation to discuss the acquisition on Thursday, March 1 at 9:00 am Eastern Time. Participants should dial +1 253-237-1145 (International) or 800-535-7056 (North America) and enter confirmation code 6594009.  Please call at least five minutes early to allow for connection time.

A live webcast with slide presentation will be available on the Events & Presentations page in the Investor Relations section of FLY’s website at www.flyleasing.com. A webcast replay will be available on the company’s website for one year.

About FLY

FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM and its affiliates, a worldwide leader in aircraft lease management and financing. For more information visit www.flyleasing.com.    

About AirAsia Group

AirAsia, the world’s leading low-cost carrier group, services an extensive network of over 130 destinations across Asia Pacific.  Since starting operations in 2001, AirAsia has carried more than 400 million guests and grown its fleet from just two aircraft to over 200.  The airline is proud to be a truly Asean (Association of Southeast Asian Nations) airline with established operations based in Malaysia, Indonesia, Thailand and the Philippines as well as India and Japan, servicing a network stretching across Asia, Australia and New Zealand, the Middle East and the US. AirAsia has been named the World’s Best Low-Cost Airline at the annual Skytrax World Airline Awards nine times in a row from 2009 to 2017.  AirAsia was also awarded World’s Leading Low-Cost Airline for the fifth consecutive year at the 2017 World Travel Awards, where it became the inaugural recipient of the World’s Leading Low-Cost Airline Cabin Crew award.

About BBAM

BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than 400 aircraft under management and employs over 120 professionals at its headquarters in San Francisco and in additional offices in New York, London, Tokyo, Singapore, Zurich, Dublin, and Santiago. For more information about BBAM, please visit its website at www.bbam.com.

About Onex

Onex is one of the oldest and most successful private equity firms.  Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams.  At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $32 billion of assets under management, including $6.8 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.

Onex’ businesses have assets of $47 billion, generate annual revenues of $30 billion and employ approximately 162,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX.  For more information on Onex, visit its website at www.onex.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” or words of similar meaning and include, but are not limited to, statements regarding the outlook for FLY’s future business, operations and financial performance, including the expected benefits of the transaction; whether and when the transactions described herein (the “Transactions”) will be consummated; the amount of cash and stock consideration to be paid by FLY; the type, amount and terms of the acquisition financing to be obtained by FLY; and, the amount of any fees and expenses incurred in connection with the Transactions. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including risks relating to the satisfaction of conditions to the closing of the Transactions; risks relating to satisfaction of conditions to the financing of the Transactions; risks relating to FLY’s ability to obtain additional required financing for the Transactions on favorable terms, or at all; the risk that expected benefits of the Transactions may not be fully realized or may take longer to realize than expected; the risk that business disruption resulting from the Transactions may be greater than expected; and the risk that FLY may be unable to achieve its portfolio growth expectations, or to reap the benefits of such growth. Further information on the factors and risks that may affect FLY’s business is included in filings FLY makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Annual Report on Form 20-F and its Reports on Form 6-K. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.

Contact:

Matt Dallas
Fly Leasing Limited
+1 203-769-5916
[email protected]

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/fly-leasing-to-acquire-major-aircraft-portfolio-300606231.html

SOURCE Fly Leasing Limited

Related Links

http://www.flyleasing.com

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President Signs California Wildfire Area Tax Relief Legislation

February 28, 2018 by forimmediaterelease.net -

DALLAS, Feb. 28, 2018 /PRNewswire/ — Continuing the recent trend to provide federal income tax relief for certain wages paid during national disasters, businesses impacted by the California wildfires can receive a benefit similar to the tax credit in 2017 for businesses impacted by the hurricanes. Included within the recently signed H.R. 1892 – Bipartisan Budget Act of 2018 is the Employee Retention Tax Credit for Employers Affected by California Wildfires. This credit allows employers to claim a tax credit equal to 40% of the wages paid to an employee if the location of employment was in a core disaster area and that location was impacted by the wildfires. The credit is capped at $2,400 per employee. The credit applies to wages paid during the time that the business remained inoperable. The eight California counties the Federal Emergency Management Agency (FEMA) deemed disaster areas include Orange, Mendocino, Sonoma, Lake, Napa, Yuba, Butte, and Nevada.

Businesses that were or remain inoperable between October 8, 2017 and January 1, 2018 may qualify for this employee retention tax credit.

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients in more than 45 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. “Ryan” and “Firm” refer to the global organizational network, and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.

TECHNICAL INFORMATION CONTACTS:

Allea Newbold
Principal
Ryan
813.228.7100 
[email protected]

Matt Lowell
Manager
Ryan
321.251.2924 
[email protected]

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/president-signs-california-wildfire-area-tax-relief-legislation-300606260.html

SOURCE Ryan

Related Links

http://www.ryan.com

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