Blackstone rejects $2bn offer for Center Parcs as it mulls a flotation

first_img whatsapp Show Comments ▼ whatsapp Monday 24 November 2014 9:16 pm More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child Share Ollie Gordon Blackstone rejects $2bn offer for Center Parcs as it mulls a flotation Tags: IPOs London-based private equity firm BC Partners and the Canada Pension Fund (CPP) have had $2bn (£1.27bn) joint takeover offer for Center Parcs rejected by owner Blackstone Group.US investment conglomerate Blackstone is understood to have rejected the offer because it undervalued the British holiday park operator. A report on Sky News last night said it would proceed with its plans to either auction or float the group at some point next year.BC Partners and CPP are expected to come back with another offer for the leisure group. Blackstone hired investment bank Rothschild last month to draw up list of strategic options for Center Parcs. Among those options is a refinancing of the company that would provide shareholders with sizeable payday before a sale or flotation.Center Parcs is run by Martin Dalby, who has been its chief executive since 2000. Blackstone took over the company in 2006.BC Partners, CPP and Blackstone all declined to comment when contacted by City A.M..Center Parcs reported a rise in annual revenues to £314.6m for the year ending April 2014. Pre-tax profits for the holiday group fell, however, to £36.7m due to higher expenses. last_img read more

CBC Group sets up AffaMed, EverInsight merger, eyes IPO

first_img With Everest Medicines’ $451 million listing now in the rear-view mirror, health care-focused CBC Group is paving the way for another portfolio company to IPO. But, first, a merger.AffaMed Therapeutics announced last week that it is merging with EverInsight Therapeutics, another biopharmaceutical company. Both firms were founded by CBC, formerly known as C-Bridge Capital. CBC Group sets up AffaMed, EverInsight merger, eyes IPO Biotech About the Author Reprints GET STARTED Log In | Learn More By Jonathan Chan Oct. 20, 2020 Reprints What is it? @JChanPharma center_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Jonathan Chan STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What’s included? [email protected] Tags biotechnologyChinaSTAT+ Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTEDlast_img read more

TD Waterhouse accused of disclosure violations

first_img Share this article and your comments with peers on social media BFI investors plead for firm’s sale Keywords Enforcement,  Client relationship modelCompanies TD Waterhouse Canada Inc., Investment Industry Regulatory Organization of Canada The allegations have not been proven.According to  IIROC, the issue came to light after a TD Direct Investing client complained in April 2017, prompting an IIROC investigation, which concluded that the firm was not fully complying with position cost disclosure requirements.The self-regulatory organization alleges that the firm had the ability to comply with the requirements by December 31, 2015. But, IIROC states, “in the spring of 2015 the [firm] identified what it considered to be potential litigation risks and client experience issues that might result from its proposed manner of implementing compliance with the position cost requirements.”As a result, the firm decided to pursue an alternative technical solution, knowing that would leave certain client positions out of compliance with the requirements, with the plan to bring those positions into compliance by mid-2016.However, the regulator says, “The completion date for the proposed project was then delayed until 2017 and presently remains uncompleted.”The firm has since sought an exemption from IIROC to address the issue of the non-compliant positions. In the meantime, it will face a disciplinary hearing before the regulator. Mouth mechanic turned market manipulator PwC alleges deleted emails, unusual transactions in Bridging Finance case The Investment Industry Regulatory Organization of Canada (IIROC) is bringing disciplinary action against TD Waterhouse Canada Inc., alleging that the brokerage firm failed to provide clients with certain cost disclosure required under the second phase of the client relationship model.IIROC announced on Tuesday that it will hold a hearing on June 5 in Toronto to consider allegations that TD Waterhouse failed to provide clients with position cost information in their quarterly account statements for certain holdings. James Langton Gavel and legal books olegdudko/123RF Related news Facebook LinkedIn Twitterlast_img read more

Physics of particle dispersion may lend insight into reducing airborne spread of COVID-19 virus

first_imgPhysics of particle dispersion may lend insight into reducing airborne spread of COVID-19 virus LLNL physicist Matthias Frank measures the movement of DNATrax surrogate particles in a test chamber.Lawrence Livermore National Laboratory (LLNL) scientists are leveraging their extensive experience studying the movement of airborne hazards to better understand the movement of virus-like particles through the air and to identify effective countermeasures. DNATrax released in a conference room.While the burden of airborne diseases is known to be large, its true scope is underappreciated. LLNL researchers recently published a review in the journal Applied and Environmental Microbiology that highlights well-established cases of airborne viruses, bacteria and fungal pathogens causing disease in plants, animals and humans over distance scales ranging from a few meters to continental.According to LLNL atmospheric scientist Michael Dillon, who leads the team’s work: “By understanding the airborne disease transmission, we hope to offer science-based information that people can use to protect themselves and others.”The LLNL team is looking to study the physics of particle dispersion, analyzing how particles move around inside buildings and travel distances that may exceed six feet. They also are investigating key factors that may affect the movement of particles in a broad range of settings, including schools, offices, stores, restaurants and homes.Based on LLNL’s past airborne threat agent research – including studies of radiological and chemical hazards, wildfire smoke and biological threats – researchers anticipate that appropriate use of air filtration systems can reduce indoor exposure to COVID particles. “We are modeling how commercially available technology – such as heating and cooling systems, exhaust fans and portable air cleaners – can impact exposure patterns and help reduce disease spread,” Dillon said.Another key aspect of their research involves validating transmission models and protective measures through experimental work, by leveraging technology developed at LLNL that can be used to understand aerosol transport of biological threats. Known as DNA-tagged reagents for aerosol experiments, or DNATrax, this diagnostic tool consists of sugar particles that are tagged with a non-biological DNA bar code for unique detection. The DNATrax particles can be used as a harmless surrogate, mimicking the movement of pathogens in the air.In past experiments, scientists conducted large-scale field studies using DNATrax, releasing the sugar particles inside government buildings and subway systems. During these field tests, scientists measured how far the sugar particles were transported by air currents, and they pinpointed areas where particles pooled in enclosed spaces.Led by chemical engineer Elizabeth Wheeler and physicist Matthias Frank, LLNL’s team is collaborating with other Department of Energy (DOE) national labs to design and deploy experiments using DNATrax particles to further assess airborne movement of the sugar particles. LLNL scientists will use the Lab’s existing protocols to develop and produce the uniquely tagged sugar particles, and scientists from four national laboratories will measure the movement of the DNATrax in lab-based testing chambers, as well as in real-world environments such as classrooms and offices. LLNL researcher Staci Kane samples DNATrax deposited on a conference room wall.Unlike many other tracers, DNATrax allows scientists to study the movement of low concentrations of these sugar particles, which could shed light on the extent of spread of infectious disease. This advantage enables the team to study the re-suspension of DNATrax particles from surfaces, as a way to model indoor disease transmission. These types of experiments can be used to determine if the movement of individuals can stir up particles initially deposited within a room or if the particles can travel between rooms on people’s clothing.This multi-lab research regarding COVID airborne transmission is part of a broader effort coordinated by DOE’s National Virtual Biotechnology Laboratory, a consortium of DOE national laboratories focused on response to COVID-19, with funding provided by the Coronavirus CARES Act.Scientists from LLNL’s Biosciences and Biotechnology Division and the Laboratory’s Atmospheric, Earth and Energy Division are involved in this collaborative effort to expand the Lab’s toolkit of countermeasures. According to Acting Atmospheric, Earth and Energy Division Leader Rick Ryerson: “While the experimentally validated models developed through the team’s research can be immediately applied to the current pandemic, they also will serve as a resource for future disease outbreaks, multiplying their impact.” /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:biological, biotechnology, conference, coronavirus, detection, DNA, Earth, Government, infectious disease, Lawrence, Lawrence Livermore National Laboratory, microbiology, pathogens, Scientists, technology, Transportlast_img read more

Final Days to Participate in Second Wine Industry Financial Benchmarking Survey

first_img Previous articleWinesecrets Hires Luke Bohanan – Veteran and UC Davis Grad to Lead ProductionNext articleAll the ‘WOW’ with JMP at WineTech Press Release Linkedin TAGSAmerican AgCreditBenchmarkingFarm CreditMoss AdamsTurrentineWine Industry AdvertisementSurvey Enables Wineries to Measure their Businesses Against Industry LeadersSanta Rosa, Calif., July 18, 2013 — The survey closes July 22nd! There are only four days left to participate in the 2013 Wine Industry Financial Benchmarking Survey. The confidential results, available in October, will be a useful tool for wineries and vineyards to measure their businesses against industry leaders and develop strategies to improve their operating and financial results. All participants who complete the survey will receive a complimentary copy of the full report plus they’ll be entered to win a catered lunch to share with their colleagues (a $500 value). Moss Adams LLP, in partnership with Farm Credit Alliance Partners – American AgCredit, Farm Credit West, Northwest Farm Credit and CoBank – and Turrentine Brokerage encourage you to take part in the only industry wide survey to include both financial and operational data.Start your survey at Once registered, you will receive an email with your unique survey link and instructions. If you do not receive the email within 5 minutes, check your spam folder. Don’t have the time to complete the survey? Already started the survey and want to finish it? Our team can help you. Contact Rick Boland at [email protected] or (707) 535-4114 for assistance.For more information, please contact:Rick Boland, Senior Business Consultant | [email protected] | (707)535-4114Kelly Walsh, Wine Industry Marketing Manager | [email protected] | (949) 221-4000Moss Adams LLP is one of the largest accounting and consulting firms in the nation. Together with its affiliates, the firm provides insight and expertise to nearly 300 wine industry clients throughout the U.S.Farm Credit Alliance Partners Alliance sponsoring partners – American AgCredit, Farm Credit West, Northwest Farm Credit and CoBank – provide financing, leasing, insurance, and other financial services to agriculture and agribusinesses as part of the Farm Credit System. Combined, they serve more than 70,000 farmers, ranchers, cooperatives, and other rural borrowers in all 50 states.Turrentine Brokerage is a leading provider to growers, wineries and financiers in the brokering of winegrapes from all California regions and wines in bulk from California and around the world. A reputable source for exclusive and superior market information with over 40 years of service, and the industry’s most experienced team of brokers and analysts.Advertisement Email Twitter Pinterest Facebook Home Industry News Releases Final Days to Participate in Second Wine Industry Financial Benchmarking SurveyIndustry News ReleasesFinal Days to Participate in Second Wine Industry Financial Benchmarking SurveyBy Press Release – July 18, 2013 22 0 Share ReddItlast_img read more

400 Benefit From Youth Expo

first_img400 Benefit From Youth Expo CultureDecember 3, 2012 FacebookTwitterWhatsAppEmail Over 400 young people, who are involved in the private sector coalition-led, Youth Upliftment Through Employment (YUTE) initiative, participated in one day healthy lifestyle expo on Friday (Nov. 30), at the Breezy Castle Complex at Harbour Street, downtown Kingston. The event was aimed at, among other things, providing the participants with information on a range of essential services, provided by both private and public sector entities. It was staged under the theme: ‘Celebrate You; Celebrate YUTE; Celebrate Youth’, was held as part of activities marking November as Youth Month. Programme Manager for YUTE, Maureen Webber, told JIS News that the decision to stage the expo stemmed from the frequency of enquiries made by the participants on how and where certain essential services could be accessed. To this end, Ms. Webber said some 23 private and public sector entities, who were contacted, consented to participate in the expo, and mounted booths highlighting a wide range of displays and information. These, she informed, included: the Registrar General’s Department (RGD); Child Development Agency (CDA); Students Loan Bureau (SLB); Dispute Resolution Foundation (DRF); Citizen Security Justice programme (CSJP); Rural Agricultural Development Authority (RADA) First Heritage Cooperative Credit Union; and Access Financial Services Limited. The day also saw the young people participating in several competitions, including karaoke, cooking, deejaying, and singing. In expressing satisfaction with the day’s outcome, Ms. Webber, who is also Chairman of the National Youth Service (NYS), said the organizers would explore the possibility of staging similar activities in other parts of the island. This, she pointed, was based on requests that have been made. “What it tells you is how much information young people really need and want and we need to (find a way) to bring services to people,” she said. Youth and Culture Minister, Hon. Lisa Hanna, who spoke at the expo, said the event supported the general view that no matter what a person’s status may be, there are and will always be opportunities, particularly for young people, to advance themselves. Education Minister, Rev. the Hon. Ronald Thwaites, in his remarks, commended the YUTE initiative, describing it as a “good programme”. He also urged the participants to take steps, where necessary, to improve themselves academically in order to be more marketable, and take advantage of job opportunities in an increasingly competitive global environment.    Kingston’s Mayor, Senator Angela Brown Burke, commended the young people involved in YUTE, citing that it showed they are prepared to take charge of their destinies and determine what their future will be. President of the Private Sector organization of Jamaica (PSOJ), which heads the coalition implementing YUTE, Christopher Zacca, said the organization and government are committed to ensuring resources and other inputs are channeled in activities, which will develop the nation’s youth, thereby ensuring they can contribute meaningfully to national development.   YUTE is a holistic programme designed to empower young people in troubled communities by improving their employability through mentorship and skills upgrading; entrepreneurship opportunities; as well as opportunities for gainful employment. This is being pursued through a two-year programmatic approach, which also seeks to address the root causes of crime and violence in the over 30 inner-city communities, across Kingston and St. Andrew, from which the 2,200 participants are drawn. These communities include: Denham Town, Jones Town, Olympic Gardens, Trench Town, Mountain View and Tivoli Gardens. The YUTE programme is being implemented on a phased basis, with the initial period running between January 2011 and August 2013. Related400 Benefit From Youth Expo Advertisementscenter_img Related400 Benefit From Youth Expo Related400 Benefit From Youth Expolast_img read more

Jamaica Encouraged to Develop Health Tourism Industry

first_imgPhoto: JIS PhotographerExecutive Director of the Washington, D.C., Board of Medicine, Dr. Jacqueline Watson, addressing a forum at the 5th Biennial Jamaica Diaspora Conference, on June 17, at the Montego Bay Convention Centre, in St. James. FacebookTwitterWhatsAppEmail Executive Director of the Washington, D.C., Board of Medicine, Dr. Jacqueline Watson, says Jamaica can establish and operate a thriving health tourism industry, mainly in the area of health care.Making a presentation on June 17, at a forum exploring the diversity of Jamaica’s tourism product, at the 5th Biennial Diaspora Conference, being held at the Montego Bay Convention Centre, Dr. Watson pointed out that the services generally sought by Americans for health care include orthopaedic surgeries, hip replacement, and dental surgery.“Health and wellness integrated care, that is where Jamaica has a distinct advantage, and we have to start the medical tourism development from a health perspective,” she told her audience.She urged the country to prepare for the new US health care plan slated to come on stream during 2015, as Jamaica could attract many persons who will then have health insurance.“People travel, and the main reason they are travelling is for health reasons, and they choose an attractive destination. Depending on the services you are offering, it can certainly be a boom to the economy,” Dr. Watson said.Explaining the concept of health tourism, she described it as the movement of people from a “highly developed area of the world for medical health care, usually to find treatment at a lower cost.”Dr. Watson pointed out that over 50 countries have identified medical tourism as a national industry, adding that Jamaica would be an ideal destination, given the fact that medical training in Jamaica is in keeping with standards in the US and the United Kingdom.For his part, Vice President at JAMPRO, Claude Duncan, told the forum that many persons from abroad, including the Caribbean are currently utilizing health facilities in Jamaica.He said that insurance companies in those countries encourage persons to travel overseas for medical procedures, as it is less costly to them, while increasing earnings for the host country.Meanwhile, noted Jamaican Scientist, Professor Henry Lowe, said the investment opportunities in health are enormous, and persons should seize them.Contact: Garfield L. Angus RelatedStudents Receive Scholarships to Study Medicine in Cuba RelatedNBTS Gets Bus to Boost Blood Collection Jamaica Encouraged to Develop Health Tourism Industry Health & WellnessJune 20, 2013Written by: Garfield L. Anguscenter_img Jamaica Encouraged to Develop Health Tourism IndustryJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedECG Machines Donated to St. Ann’s Bay Hospital Advertisementslast_img read more

Following Columbia Falls Closures, Eight Mills Remain in Montana

first_img Email Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. SEELEY LAKE — Days before the final logs rolled through the Weyerhaeuser Company’s plywood plant and lumber mill in Columbia Falls, the pending closure cast a pall over the stacks of freshly cut pine and fir at Pyramid Mountain Lumber.Family owned and operated since 1949 with a staff of 150, the largest employer in Seeley Lake is now one of eight remaining mills in a state historically tied to the timber trade.“It’s like a death in the family when you lose another mill,” Loren Rose, chief operating officer at Pyramid Lumber, said.“When you think about the state and all the timber, and now to only have eight mills, that’s really not very many when you think about the landscape. For us it’s painful because they’re part of the team. We’ve all been fighting this fight together.”At 9 a.m. on Aug. 18, the last logs ran through the Columbia Falls plywood plant, followed a day later by the last products at the lumber mill, marking the end of an era for the former Plum Creek empire. Weyerhaeuser Co., which merged with Plum Creek earlier this year, cut 72 jobs while sending another 146 employees to the stud and plywood mills in Evergreen, where extra shifts are being added. Another 100 positions at Weyerhaeuser’s administrative office in Columbia Falls, known as the Cedar Palace, are also being phased out. The company’s medium density fiberboard plant is still operating in Columbia Falls.In 1977, Plum Creek employed over 1,000 people in Western Montana, including 632 in Columbia Falls. Following the recent cuts, Weyerhaeuser now employs roughly 550 people in the Flathead Valley.“It hit Columbia Falls and it hit us all when (Weyerhaeuser) said they were going to both consolidate some of their operations and actually close a couple plants,” Montana Gov. Steve Bullock said.Bullock was in Seeley Lake last week to announce a new initiative through the Western Governors’ Association that will focus on national forest and rangeland management and try to prevent further closures such as Weyerhaeuser’s.“People often talk about forestry issues and the timber industry and the number of acres, board feet and stream miles restored,” Bullock, chairman of the WGA, said on Aug. 16. “We cannot forget, though, that it’s people that do the work; people who know how to work in the woods; how to sustainability harvest trees; how to restore our watersheds. The work we do on these issues and the successes that we’ve had is because people with very differing ideologies have come together, project by project and dollar by dollar. Montana’s natural resources are vital and they should transcend party politics.”With the closure of the two facilities last week, Montana has now seen 30 mills close in the last 25 years.Montana’s Democratic governor said the WGA initiative would work on developing collaborative solutions in the American West for federal, state and private land management. Bullock said the initiative would examine existing forest management programs to determine their strengths and weaknesses; create a mechanism for states and land managers to share best practices, case studies and policy options; and perform an investigation of collaborative forest landscape restoration.Bullock’s Republican opponent in this year’s gubernatorial race, Greg Gianforte, responded to the initiative announcement by accusing the governor of dragging his feet while Montana’s timber industry suffered.“Unfortunately for the Montana timber industry, Governor Bullock has waited nearly four years to take meaningful action on this issue, and it’s ‘too little, too late’ for many Montana timber industry workers,” Gianforte’s campaign said in a statement. “The plans also do nothing to address the issue of frivolous lawsuits that consistently derail management projects.”Amid the constant debate that has raged for decades, Pyramid Lumber and a select few other mills are hanging on. In Seeley Lake, the company has cut back its operating hours from 50 to 40 hours a week in the last year. When Rose, the COO, started 30 years ago, it was humming at 80 hours a week.“We need to figure out how to make money on 40 hours. This might be the new normal,” he said.“We’re still here. We’re still fighting the fight.”last_img read more

Udaras CEO confident SLM workers will find new jobs

first_imgHomepage BannerNews Google+ Pinterest The CEO of Udaras na Gaeltachta says the priority for the authority is finding alternative employment for the 32 staff who lost their jobs with the shock closure of SLM in Gweedore just four days before Christmas.Speaking on the 9 til Noon show this morning, Michael Heaney said while over €800,000 was approved for the company, that figure was based on the company achieving an employment level of 125, and only €171,000 of that was drawn down.Mr Heaney acknowledged that the SLM closure is a setback, but says he is confident the growth of the park will continue, and the workers will fund alternative positions……..Audio Player Up/Down Arrow keys to increase or decrease volume. Google+ Important message for people attending LUH’s INR clinic Pinterest Arranmore progress and potential flagged as population grows By News Highland – January 2, 2018 Twitter WhatsApp WhatsAppcenter_img News, Sport and Obituaries on Monday May 24th Twitter Previous articleUncertainty surrounding Brexit resulting in drop in Donegal house pricesNext articleDecrease in number of road deaths in Donegal in 2017 News Highland Journey home will be easier – Paul Hegarty Harps come back to win in Waterford Udaras CEO confident SLM workers will find new jobs Facebook Facebook RELATED ARTICLESMORE FROM AUTHOR DL Debate – 24/05/21 last_img read more

News / Schiphol ‘local rule’ may debut in winter, with freighters landing cancelled slots

first_imgSchiphol Cargo By Alex Lennane 04/04/2019 One quarter of cancelled flight slots at Schiphol look set to be given to freighter airlines when the winter season begins. Despite recent industry doubts that the ‘local rule’ would ever be implemented, according to Dutch media the government is likely to green-light the rule shortly.  Nieuwsblad Transport reports that the Netherlands Slot Co-ordinator has ironed out the last of the issues with the co-ordination committee, and the infrastructure minister is expected to announce it in the Dutch parliament. Sources close to the issue confirmed the report to The Loadstar. The local rule will allow a proportion of any extra or unused slots to be allocated to freighters, expected to be about one-quarter of the flights. center_img While the move comes too late for the summer season, the winter season usually sees more flight cancellations and the news has been welcomed by stakeholders, including Evofenedex and Air Cargo Netherlands.  While the local rule is generally acknowledged to be something of a sticking plaster for cargo airlines, rather than a real addition to slot capacity, it is likely to ease some pressure and it looks set to benefit Kalitta Air and end a US-Dutch row over slots. US freighter operator Kalitta filed a complaint in January to the US Department of Transport (DoT), claiming that the Netherlands, Schiphol and others had  “wrongfully withheld” its slots. Several interested parties responded, but now the DoT has extended the ruling period until May 1, due to attempts to resolve the issue. The DoT said: “It is our understanding that discussions have been taking place between Kalitta, Airport Coordination Netherlands, and other Dutch authorities concerning the slot issues raised in Kalitta’s complaint. Furthermore, the department has been working with the Dutch government in an effort to resolve this matter. “Given these circumstances, we believe that the public interest is best served by extending for 30 days the deadline for action on Kalitta’s complaint to provide additional time to resolve this matter.”last_img read more