Model Airplanes

Question-and-Answer Session

Operator

[Operator Instructions]

Your first question comes from the line of Trevor Johnson with National Bank. Your line is open.

Trevor Johnson

Hey, good morning, guys. Just wondered if you can touch upon for — I know it’s only been a month and half but what weather that we’ve seen in Atlantic Canada might have on Q1 results for PAL?

Mike Pyle

We that — significant number of flights cancellation about double, normal little more than doubled we normally experience. But because they are diversified and because some of the stuff with aerospace, frankly more importantly some of the stuff that relates to our six base operations, they are kind of counter to the bad weather end up with more dissing work and all those things, I would suggest that as the PAL’s operations are largely unaffected by — on a net basis by the weather they’ve experienced.

Trevor Johnson

Okay, great. And just any general commentary Mike on the first month and half, what maybe any surprises positive, negatives, how the integrations going thus far?

Mike Pyle

Yes, from an operating point of view I’d say Trevor it’s really, nothing dramatic it’s doing what it’s supposed to do, I would tell you though from a forward looking point of view, we are super excited about the ability of using Provincial’s overhaul capabilities in the rest of our business. Overhaul is huge — you’ve seen our maintenance CapEx it was a significant portion of our cash flow they make up. And Provincial has the

Article source: http://seekingalpha.com/article/2936686-exchange-income-corporations-eifzf-ceo-mike-pyle-on-q4-2014-results-earnings-call-transcript

interview

By Chinedu Eze

Chairman of Airline Operators of Nigeria and CEO of Jed Air, Captain Nogie Meggison, in this interview, posits that the dominance of expatriates in aviation industry and overseas maintenance of Nigeria’s airplanes due to lack of in-country capacity, have resulted in huge capital flight. Excerpts:

There seems to be an increase in passenger traffic in both domestic and international flights. What do you think is responsible for the increase?

Nigerian passenger traffic is climbing up now, it dipped in 2013 after the Dana accident but it has picked up again and it has gone up to about 20 per cent and it is growing steadily. We are looking at a figure close to between 14 and 16 million passengers on domestic service. International passenger traffic is about six or seven million.

Aviation as they say is a barometer to check the economy of any country. One of the ways to check the economy of any nation is to know its GDP and one of the ways of knowing is to check the passenger traffic. A very clear case is in Europe and in the United States. When their economy went into recession all the airlines were affected; so Nigeria does not stand alone in this case. Nigerian aviation is 90 per cent dollar based. So, with our economy and GDP going up for the first time and we becoming number one investment haven and highest GDP per capita in Africa, it will obviously reflect in our aviation that things

Article source: http://allafrica.com/stories/201502201439.html

Article
From:

2/19/2015
Modern Machine Shop,

Mark
Albert

,
Editor-in-Chief

Click Image to Enlarge

Article source: http://www.mmsonline.com/articles/wire-edm-for-jet-engine-fir-trees

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Article source: http://www.smithsonianmag.com/history/duplication-nation-3D-printing-rise-180954332/