TETERBORO, N.J., May 3, 2019 /PRNewswire/ — Jet Aviation announced today that it has acquired a stake in Scottsdale Jet Center, with the intent to build and operate a new, state-of-the-art Jet Aviation branded fixed-base operator (FBO) and tenant hangar by late 2020. The new facility will complement existing tenant facilities at Scottsdale Airport, a top 15 US business aviation market.
With an expanding footprint in the US market, Scottsdale Jet Center allows Jet Aviation to continue its strategy of supporting customers in the locations they most frequent. The new facility will allow Jet Aviation to operate FBO’s in eight of the top 15 US business aviation markets.
“We are committed to growing Jet Aviation’s position as a leading FBO service provider,” said Dave Paddock, senior vice president and general manager, Jet Aviation Regional Operations USA. “Scottsdale is a highly attractive location to business jet owners and operators and is regularly ranked in the top 15 US airports. Having a presence in Scottsdale will enable our customers to have greater connectivity across the Jet network.”
Scottsdale Jet Center currently leases 45,000 square feet of office space, 24,000 square feet of T-hangar space, tie-down spaces and shades. Planning for the new FBO terminal and 30,000-square foot hangar is currently underway, with opening planned for late 2020. Thereafter, Jet Aviation plans additional phases of development to support growing customer demand.
Once opened, Scottsdale Jet Center FBO will bring Jet Aviation’s global FBO network up to 35 locations.
Lettering used in Eero Saarinen’s 1960s TWA Flight Center at John F Kennedy International Airport in New York provided the cues for the branding of the new hotel in the terminal building.
Graphic design firmPentagram was enlisted to create the new typeface for the TWA Hotel at JFK in Queens, New York City, which is slated to open 15 May following an extensive renovation of the old terminal.
Called Flight Center Gothic, the new typeface was based on the branding and way finding that Finnish-American architect Saarinen designed for the airport building when it opened in 1962.
One of the trends sweeping through the gaming industry over the past decade is selling real estate to real estate investment trusts (REITs). Sometimes companies control their REITs, like MGMResorts (NYSE: MGM) does with MGM Growth Properties (NYSE: MGP) and CaesarsEntertainment (NASDAQ: CZR) does with VIVI Properties(NYSE: VICI), and sometimes real estate is sold to third-party companies.
REITs free up cash for casino companies, often to the tune of billions of dollars. That money can help reduce debt or fund growth projects, which is attractive because it doesn’t fundamentally change a resort’s operations. But Wynn Resorts (NASDAQ: WYNN) has avoided the temptation to sell most of its real estate over the years. If it did, however, the company could free up billions of dollars in cash.
Wynn’s Encore Boston Harbor.
Image source: Wynn Resorts.
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* Aegean aims to raise up to 200 mln eur from sale
* Bond issue set for March 5-7
* Up to 147 mln euro to fund down payments for new planes
ATHENS, March 4 (Reuters) – Greece’s largest carrier Aegean Airlines will proceed with a sale of bonds on March 5-7 to raise up to 200 million euros ($226.86 million) for down payments on new Airbus aircraft and the construction of a new pilot training centre.
According to the public offering prospectus, about 30 percent of the issue will be allocated to retail investors, while 70 percent will go to “qualified investors”.
The seven-year bonds, each with a nominal value of 1,000 euros, will pay a semi-annual coupon. In Greece interest payments are taxed at 15 percent. Trading of the bonds on the Athens stock exchange will start on March 13.
Pricing will be determined via book building.
Aegean, a member of the Star Alliance airline group, will use 75 percent of the proceeds to partly finance down payments on new aircraft based on a deal with Airbus to renew its fleet of single-aisle planes and add capacity for future expansion.
Aegean picked Airbus in March last year for an order of up to 42 aircraft worth $5 billion in one of the biggest investments by a private Greek company since the country’s debt crisis erupted in 2010.
The down payments are due from the first quarter through to the last quarter of 2023 for new generation A320neo and A321 Airbus jets.
Deliveries of the new planes are expected to start in the first half of 2020 and conclude by the end of 2024.
Aegean has picked U.S. engine maker Pratt & Whitney to power the new A320neo aircraft and provide engine maintenance.
The carrier plans to use 14 percent of the proceeds or up to 27.5 million euros to build a new 12,000 square metre training centre with flight simulators for its flight crews at the Athens International Airport (AIA).
About 11 percent of the proceeds or up to 21.6 million will be used as working capital.
Piraeus Bank and Eurobank are the joint coordinators and bookrunners with Alpha Bank and Euroxx Securities the lead underwiters. Euroxx Securities was the issue adviser.
($1 = 0.8816 euros)
(Reporting by George Georgiopoulos; editing by Emelia Sithole-Matarise)
NASA and Boeing teams lifted critical Space Launch System (SLS) test hardware into place at Marshall Space Flight Center.
“I wish all of America could be here to see this. It’s history in the making, and we’re honored to be part of it,” said Paul Wright, Boeing Test & Evaluation Senior Manager for SLS.
A test version of the largest section of core stage hardware, the Boeing-built liquid hydrogen tank (LH2), will undergo months of structural testing to validate design and manufacture of this SLS core stage element.
The 150,000 pound liquid hydrogen tank test article is structurally identical to the flight version of the tank that will comprise two-thirds of the core stage and hold 537,000 gallons of liquid hydrogen cooled to minus 423 degrees Fahrenheit. Dozens of hydraulic cylinders in the 225-foot-tall test stand will push and pull the tank, subjecting it to the same stresses and loads it will endure during liftoff and flight.
The flight version of the LH2 tank is undergoing final fitting at New Orleans’ Michoud Assembly Facility. The fitting prepares the article for stacking with the engine section, called aft join. The top half of the core stage, called forward join, will then be mated with the aft join in final assembly. Engines are then attached and the core stage will be shipped to NASA’s Stennis Space Flight Center for smoke and fire testing in the refurbished B2 test stand, where Apollo’s Saturn V stages were tested.
In keeping with todays architecture theme, reporter India Block picks 10 of the year’s best skyscrapers for our review of 2018, from one sporting a 100-metre-high waterfall to the northernmost tower block in the world.
Towering 170 metres over Milan, the Generali Tower expresses Zaha Hadid Architects’ signature curves in a helical twist that runs through the tower.
No two floors are aligned inside the 44-storey skyscraper, hence the nickname “the twisted one”. Now the city’s third-tallest building, it stands together with Arata Isozaki’s 202-metre high Allianz Tower and the incomplete 175-metre tall PwC tower by Studio Libeskind on Milan’s former expo site.
CHICAGO (December 10, 2018) — Hyatt Hotels Corporation (NYSE: H) announced today the opening of Hyatt Regency Seattle, located in the heart of downtown at 808 Howell Street and near some of Seattle’s top attractions including the Space Needle, Chihuly Garden and Pike Place Market. With its sprawling, dynamic event space and number of guestrooms, Hyatt Regency Seattle is the largest hotel in the Pacific Northwest and new premier destination for meetings and events in the region. It joins two other Seattle-area Hyatt Regency hotels and offers a one-stop experience that puts everything guests need right at their fingertips.
The 45-story hotel features 1,260 guestrooms, all of which are furnished with floor-to-ceiling windows, sizeable modern bathrooms, 65-inch TVs and a collection of black-and-white photography, shot by six Seattle-based photographers, highlighting the natural beauty of the Pacific Northwest region. The hotel also offers guests a StayFit® Fitness Center, outfitted with Peloton bikes and other Technogym state-of-the-art cardio and strength equipment, and an expansive Hyatt Regency Club lounge with fire pits and wraparound patio that provides guests with stellar views of downtown Seattle.
Located just two short blocks from the Washington State Convention Center and adjacent to The Summit, the planned convention center expansion building slated to open Spring 2022, Hyatt Regency Seattle offers more than 103,000 square feet of dynamic meeting and event space for a variety of gatherings, ranging from intimate meetings to larger conferences and weddings.
“Progress is all around us,” says Hyatt Regency Seattle General Manager Tom Wolf. “No other addition to Seattle’s vastly updated cityscape is more important for Seattle tourism than the new, very visible contemporary building right in the middle of town: Hyatt Regency Seattle. With the opening of the largest hotel in the Pacific Northwest this year, Seattle will finally have the meeting space options it needs.”
Consistent with the Pacific Northwest theme throughout the property, meeting and event spaces are named after bodies of water located throughout Washington state:
The Columbia and Regency Ballrooms each offer 19,000+ square feet of space with 24- and 30-foot high ceilings, respectively.
Two junior ballrooms: Elwha Ballroom is 7,200 square feet, while Quinault Ballroom has 3,400 square feet of functional meeting space.
The high-end Deschutes Executive Boardroom, featuring a private balcony that can accommodate 24 people.
Eight pre-function spaces, each ranging from 4,292 to 7,022 square feet, which are flooded in natural light.
An additional 46 meeting rooms, ranging from 600 to 1,900 square feet, complete with floor-to-ceiling windows.
All meetings rooms are outfitted with audiovisual equipment, multiple electrical, microphone and phone outlets, as well as blackout blinds and T1 high-speed Internet with dedicated bandwidth capabilities.
The new Hyatt Regency Seattle also offers guests three on-site dining experiences:
Andare, a fast-casual Italian-style trattoria, which features a variety of homemade pasta dishes, salads and pizzas cooked in a wood-burning oven
Daniel’s Broiler, an upscale and locally renowned steakhouse owned by Schwartz Bros. Restaurants, which features USDA Prime steaks, seafood, an extensive wine list and a vast collection of whiskeys, as well as a piano bar
The Market, a 24-hour premium grab-and-go retail space with café seating, where guests can purchase freshly prepared hot and cold food and beverage items.
Built by local developer R.C. Hedreen Company, in collaboration with Seattle-based companies LMN Architects and Sellen Construction Group, the new hotel features elements that celebrate the Pacific Northwest region and can be seen throughout the property’s guestrooms and public spaces. Upon arriving, guests will notice the bright, open, and contemporary design, matched with floor-to-ceiling windows to let in as much natural light as possible, and purposefully selected, locally inspired art and photography.
R.C. Hedreen Company successfully builds and operates hotels in Seattle, and its portfolio includes Grand Hyatt Seattle and Hyatt Olive 8. To leave a lasting impact on the Pacific Northwest region with Hyatt Regency Seattle, local companies who understand Seattle real estate, LMN and Sellen, were brought in to collaborate, design and build the impressive sky-high hotel. LMN believes that architecture celebrates the inherent qualities of the region, community and site. Any new building functions in relationship to the fabric of its physical location and community of users, as well as its social, cultural and environmental context. Sellen is Seattle’s premiere builder – building communities, relationships and of course most of the significant buildings in town.
Additionally, Hyatt Regency Seattle is targeting LEED Gold Certification in 2019, which is the second highest green building rating in the world. As part of their efforts, Hyatt Regency Seattle has incorporated many sustainable elements into its guest amenities and overall design, including:
Premium large-format bath amenities in each guestroom bathroom, saving more than one million plastic bottles in waste.
Installing a light-colored roof to reduce the urban heat-island effect.
Incorporating a highly efficient laundry system that captures both heat and water after use to reduce the need for additional energy to preheat incoming water to the laundry system.
For more information about Hyatt Regency Seattle or to book your accommodations, please visit hyattregencyseattle.com.
— JetBlue Scores Big by Renewing its Partnership with the Brooklyn Nets and Barclays Center —
BROOKLYN, N.Y.–(BUSINESS WIRE)– JetBlue (NASDAQ:JBLU), New York’s Hometown Airline®, today revealed its latest special livery dedicated to the Brooklyn Nets. “BK Blue” joins JetBlue’s legion of New York-themed aircraft. JetBlue was named the Official Domestic Airline of Barclays Center and the Brooklyn Nets in 2013 and has renewed its partnership for another five-year term.
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