London house prices: Homes in the capital lose value despite the UK’s resilient property market

first_img“When will the government start listening to the industry and stop ignoring these figures? London estate agents have been banging the drum for a stamp duty reform for years and today’s figures clearly show a suffering market,” he said.A breakdown of growth by borough shows the fall mainly impacts central London properties, with outer London boroughs such as Brent and Redbridge seeing a rise in house prices.North London estate agent Jeremy Leaf said: “Once again we are seeing prices softening but no dramatic change, underpinned by low mortgage rates and supply.“The price falls in London are masking a more resilient picture elsewhere in the country, underlining how misleading it can be to judge the market as a whole by what is happening in one region.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.cominvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comHero Wars This game will keep you up all night! Hero Wars whatsapp But homes in the capital did not decline as badly as they did in August, when prices fell by 0.6 per cent.The figures from the ONS and Land Registry show the disparity between the London property market, which has been in decline since March, and other parts of the UK. Growth was fastest in the West Midlands, where house prices increased 6.1 per cent.The decline in growth reflects uncertainty around Brexit, with London taking the brunt of lower buyer confidence, according to property experts.Richard Snook, senior economist at PwC, said: “London remains the biggest regional story as the price decline continues, albeit at a modest rate.“London is one of the most internationally dependent parts of the UK, due to economic integration with Europe and the high share of foreign citizens in the labour market.” “Therefore, the greatest impact of Brexit-related uncertainty was always going to be felt in the capital,” he added.In its November inflation report the Bank of England suggested the London market has been disproportionately affected by regulatory and tax changes and lower net migration from the EU.But the London market has also been impacted by rapidly rising house prices in the capital, which have left many potential buyers unable to afford a home.At £482,000, the average house price in London is more than double the average of the rest of the country. The most expensive area is Kensington and Chelsea, where the average house costs just under £1.5m.Head of residential property at Sotheby’s International Realty, Guy Bradshaw, blamed “punitive” stamp duty costs. Tags: Bank of England Brexit London house prices London house prices fell 0.3 per cent in the year to September, according to Office for National Statistics (ONS) data released today.Growth in the capital lagged far behind the UK-wide average, which was 3.5 per cent, a small increase from 3.1 per cent last month. The growth puts the average house price across the country at £232,554. whatsapp Wednesday 14 November 2018 1:53 pm London house prices: Homes in the capital lose value despite the UK’s resilient property market Share James Warrington last_img read more

Dutch Harbor remains nation’s top fishing port for volume

first_imgAleutians | Economy | Federal Government | Fisheries | Oceans | SouthwestDutch Harbor remains nation’s top fishing port for volumeMarch 5, 2020 by Hope McKenney, KUCB – Unalaska Share:Dutch Harbor and New Bedford, Massachusetts, continue to dominate the list of top fishing ports in the nation, in terms of volume and value. (Photo by Hope McKenney/KUCB)Dutch Harbor has been named the nation’s top fishing port in terms of volume for the 22nd consecutive year. But the port dropped from second to third place in terms of value.According to an annual National Oceanic and Atmospheric Administration report released last month, the Port of Dutch Harbor led the nation with 763 million pounds of seafood landed in 2018, worth $182 million. But the value of landings in Naknek, Alaska, rose to $195 million.(Graphic by NOAA Fisheries)Julie Speegle, a public affairs officer with NOAA Fisheries’ Alaska regional office, said Dutch Harbor slipped to the third spot not because of a decline in value of landings, but an increase in the value of landings in Naknek.“The key is primarily the different species composition at the port,” said Speegle. “For instance, landings at Naknek are primarily sockeye salmon, and at Dutch Harbor, it’s primarily pollock and crab.”In fact, Speegle said Dutch Harbor’s value for fish landings went up by $9 million between 2017 and 2018. But it went up by $41 million in Naknek.Although the port’s value ranking went down, she said Dutch Harbor and New Bedford, Massachusetts, continue to dominate the list of top ports in the nation.“The fact that Dutch Harbor has held that rank for 22 consecutive years is a testament to the health and stability of the fishing industry in Dutch Harbor,” said Speegle.The NOAA Fisheries report compiles key fisheries statistics from the previous year into an annual snapshot that’s provided to Congress, documenting fishing’s importance to the nation.U.S. fishers landed 9.4 billion pounds of seafood, valued at $5.6 billion, in 2018. Alaska took in 58% of the nation’s landings. Coronavirus outbreak in China still has geoduck fishery closed in AlaskaShare this story:last_img read more

Thomas Cook’s share price drops after confirming £25m earnings hit followingTunisia attacks and ongoing Grexit fears

first_imgThursday 30 July 2015 9:54 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday Newszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBall More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com whatsapp whatsapp Catherine Neilan center_img Thomas Cook’s share price fell this morning after confirming the terror attack in Tunisia and ongoing concerns around a possible Grexit could lower full year earnings by £25m. The figuresThe holiday group has reported its 12th consecutive quarter of improved profitability for the three months to 30 June, with operating profit up £53m, while net debt dropped by £111m to £392m.  Summer holiday bookings to most destinations were “in line with expectations”, the firm added.  The strong pound is also expected to hurt Thomas Cook’s earnings to the tune of around £39m.  The business acknowledged there would be considerable knock on effects from the tragic events at a tourist resort near Sousse, Tunisia on 26 June, in which 38 people were killed.  However Thomas Cook said it still expects full year growth.  Despite that investors were clearly unconvinced about the outlook: Thomas Cook’s share price was down 3.2 per cent in early trading. Why it’s interestingThomas Cook appears to have shrugged off the negative publicity around its handling of the deaths of two children at one of its approved hotels in Corfu nine years ago.  The group was heavily criticised in May for failing to apologise to parents Sharon Wood and Neil Shepherd, with former chief executive Harriet Green going on to donate £3m to a charity they had set up. This backfired, however, after it emerged the parents had not been consulted on the move once again.   But the holiday group has been much harder hit by the aftermath of the Tunisia attack, although it has been seen as handling the situation well, evacuating more than 15,000 guests and offering special assistance teams for those affected.  At the time Thomas Cook’s share price took a hit, and today’s announcement gives the first details of exactly how it has affected the company’s bottom line. What Thomas Cook said Chief executive Peter Fankhauser said: “Since the end of the third quarter, our business has been impacted by significant external shocks….   “Our people have shown exemplary commitment during these crises, distinguishing Thomas Cook by personally contacting tens of thousands of customers, and amending and rebooking their holidays in just a few days.  It is the dedication of our people that make us one of the most popular travel brands in Europe.  “While the impact of Tunisia and Greece will reduce our fourth quarter and full year profits, and in spite of foreign exchange headwinds, I have every confidence that our progress will continue, supported by the ongoing execution of our profitable growth strategy.” In short It was shaping up to be a strong year for Thomas Cook, despite its handling of the Corfu deaths. The events in Tunisia and Greece will take its toll on the business, but overall it is performing well.  Share Thomas Cook’s share price drops after confirming £25m earnings hit followingTunisia attacks and ongoing Grexit fears Show Comments ▼ Tags: Company Thomas Cook Grouplast_img read more

FINRA compliance report focuses on suitability

first_img SEC examines rules for inter-fund trading Share this article and your comments with peers on social media Related news Keywords ComplianceCompanies Financial Industry Regulatory Authority Suitability for retail customers, fixed income mark-up disclosure, reasonable diligence for private placements and abuse of authority are the top concern flagged in the 2018 Report on FINRA Examination Findings published Friday.The report from the U.S. Financial Industry Regulatory Authority (FINRA) details the results of its latest round of compliance exams. The report doesn’t include any quantitative data on the exams’ findings, but it does highlight the regulator’s observations of key compliance concerns based on their potential significance, frequency and impact on investors. Specifically, the exams uncovered situations where reps “did not adequately consider the customer’s financial situation and needs, investment experience, risk tolerance, time horizon, investment objectives, liquidity needs and other investment profile factors when making recommendations; in others, they failed to take into account the cumulative fees, sales charges or commissions,” FINRA says in the report.Additionally, FINRA found unsuitable recommendations that involved complex products, and over-concentration in illiquid securities and risky investment strategies; among other things. In addition, the industry self-regulatory organization “remains concerned about recommendations of unsuitable mutual fund share classes,” the report says.The report highlights inadequate due diligence on products as a “common contributor” to the suitability failings found in the exams..Alongside suitability, the exams found issues with disclosing fixed income mark-ups; due diligence for private placements; and industry reps abusing their authority in situations where they have discretionary trading authority, and where they act as trustees, executors, or hold powers of attorney for clients.The report also underscores good practices that FINRA observed at some firms to prevent and address possible compliance problems.“One of our core priorities is to provide firms with information that will help them more easily comply with rules and regulations, and this report aims to do just that,” says Robert Cook, CEO of FINRA, in a statement. “We hope the observations within the exam findings report enable firms to strengthen their own control environments and address potential deficiencies before their next exam.” Regulators aim to root out pandemic-driven liquidity issues Facebook LinkedIn Twitter business people standing in line under a magnifying glass aleutie/123RF James Langton Conflicts, crypto, cyber risk: the year ahead in compliancelast_img read more

May Day Basic School Handed Over to Community

first_imgMay Day Basic School Handed Over to Community UncategorizedSeptember 22, 2006 RelatedMay Day Basic School Handed Over to Community RelatedMay Day Basic School Handed Over to Community Advertisementscenter_img FacebookTwitterWhatsAppEmail The May Day Basic School in Mandeville, which was recently upgraded by the Jamaica Social Investment Fund (JSIF), was officially handed over to the community on Thursday (Sept. 21).Three-year old Justin Stewart had the privilege of unveiling the plaque at the handing-over ceremony, which was attended by students, teachers, parents and community members.The project, was concluded in February at cost of more than $6.2 million, and involved the construction of a classroom with a movable partition, as well as sanitary facilities and a play ground equipped with slides and swings for the students. Additionally, the kitchen was renovated and repairs done to the roof and ceiling.Of the total funding, some $5 million came from the International Bank for Reconstruction and Development, and the May Day Citizens Association provided approximately $1 million.Principal of the institution, Winsome Barnaby, told JIS News that “today is really another milestone in the life of May Day Basic School. I am excited and thrilled about the great work that JSIF has done in this community,” adding that, “I am sure that not only the children will benefit but the wider community will benefit”.Rev. Wayne Vernon, who was the guest speaker at the function, said “we as a community must recognize that our youth are depending on us, and if we recognize that, then we will try to put in place the kinds of things that will impact our young people”.He reasoned that, if May Day can take on a project to build a basic school, I believe that if the citizens stretch their imagination and challenge the process a little bit, we can do other things that will cause other countries in the world and other communities to model us”.JSIF Board Member, Carina Cockburn, said “I think . that we would all agree that if children are to learn to the best of their abilities they must be provided with the resources to do so, and if our nation is to survive it is very important that our children are properly educated.”Little Tameka Ranger, a student of the school said: “I love JSIF because they build a new school for me and they are doing well”.The May Day Basic School founded by Israel Pryce, began in the late 1950’s at the Canaan Church of God and was later moved to the community centre, its present location.The institution’s 45 students and two teachers will benefit from the rehabilitation and expansion works. RelatedMay Day Basic School Handed Over to Communitylast_img read more

Ministry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project

first_imgMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project JusticeFebruary 18, 2009 RelatedMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project Advertisements RelatedMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Projectcenter_img RelatedMinistry of Justice Spends $15 Million on Legal Aid Week-End Counsels Project FacebookTwitterWhatsAppEmail The Ministry of Justice will spend approximately $15 million this year, on pilot projects supporting the implementation of the Weekend Duty Counsel programme, as part of the Legal Aid system.Attorney General and Minister of Justice, Senator Dorothy Lightbourne, told the Senate on Friday that the Legal Aid Council has started to implement the programme, to strengthen access and increase use of the Legal Aid system.Five police stations in the Kingston Metropolitan Area (KMA) – Hunts Bay, City Centre, Half-Way-Tree, Constant Spring and Greater Portmore – are piloting the project.“The Ministry will spend approximately $15 million on these pilots,” Senator Lightbourne said, as she made her contribution to the State of the Nation Debate on February 13.“Our citizens must be afforded access to justice, if they can’t afford it for themselves. This Government believes in that and we will deliver,” she promised.Miss Lightbourne further noted that a policy will be developed to cover the means test that clients undergo.“Clients for legal aid are assessed on the basis of means or more simply, their ability to pay. The Executive Director of the Legal Aid Council makes monthly visits to the Courts to establish the level of consistency with which means tests for clients are being administered. The Council will use the information garnered to assist the formation of policy in this area,” she said.Miss Lightbourne also reaffirmed the Government’s commitment to provide citizens with access to justice.“This Government is committed to providing its citizens with access to justice when their rights have been violated. The Ministry of Justice therefore recognises that a functioning legal aid system is crucial to the protection of the rights of all Jamaican citizens”, she states.last_img read more

RGD to Employ Authorised Vendors

first_imgRelatedRGD to Employ Authorised Vendors RGD to Employ Authorised Vendors Health & WellnessApril 1, 2009 The Registrar General’s Department (RGD), which celebrates 10 years as an Executive Agency, on Wednesday (April 1), has spawned a business opportunity for 200 persons who wish to participate in the valuable work it is doing, to provide vital documentation for Jamaicans here and abroad. This comes in the form of authorised vendors, or cyber vendexors Advertisementscenter_img RelatedRGD to Employ Authorised Vendors RelatedRGD to Employ Authorised Vendorslast_img

Dine & Discover program extended

first_imgDine & Discover program extended Wentworth ShireService NSW is pleased to announce that the NSW Government’s Dine & Discover NSW scheme has been extended by one month until 31 July 2021.This is to give NSW residents aged 18 and over more time to use all their vouchers while dining out or trying a new activity this winter, including during the upcoming school holidays. Dine & Discover NSW has proven very popular and has played a valuable role in supporting businesses and reviving consumer confidence.It’s not too late for businesses to register and customers are encouraged to sign up and redeem their vouchers before they expire on 31 July.The vouchers can only be used at eligible businesses that have a COVID Safety Plan in place and are registered as COVID Safe. /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:Discovery, Government, local council, NSW, Safety, school, Wentworthlast_img read more

Ianiello connects on game winner; Penfield rallies to beat McQuaid

first_imgIaniello connects on game winner; Penfield rallies to beat McQuaid added by Paul Gotham on May 18, 2021View all posts by Paul Gotham →FacebookTwitter分享by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksSponsor ContentAirPhysioThis All-Natural “Lung Cleaning” Device Helps Anyone Breathe EasierAirPhysioTop Expat InsuranceExpat Living in Hong Kong without Health Insurance?Top Expat InsuranceBabbelWhy Millennials Are Using Their Phones To Learn A Language In 3 WeeksBabbelby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksMore from Pickin’ SplintersBaron keeps Bonaventure close to his heart – Pickin’ SplintersTah-Jae Hill, Zion Morrison and the Starting Five – Pickin’ Splinters”If you had a Mount Rushmore of MCC baseball, he’s on there.” Longtime assistant Jack Christensen passes away – Pickin’ Splinters By Paul Gotham on May 18, 2021No Comment Connect on Linked in Subscribe by Email Share on Facebook This site uses Akismet to reduce spam. Learn how your comment data is processed. Ianiello connects on game winner; Penfield rallies to beat McQuaid center_img Add to Google+ Print This Post Nick Ianiello delivered the game-winning RBI with a one-out single in the sixth inning as Penfield defeated McQuaid, 2-1.By PAUL GOTHAM PENFIELD, N.Y. — Nick Ianiello was (as his teammates said) “in his element.” Fifteen minutes or so after the final pitch had been thrown, Ianiello was going through the daily routine of pulling a steel mat drag over the infield of the Penfield High School diamond.A young man taking the time to prepare the field for the next day while collecting his thoughts of what had just taken place.Ianiello’s one-out RBI single capped a sixth-inning rally as Penfield defeated McQuaid Jesuit, 2-1 in non-league action.After Penfield had managed just one hit through five innings off McQuaid starter Daniel McAliney, Ianiello’s single was the third of three straight base hits.“I’m glad we pushed those runs across,” he said. “That was the time to do it. Definitely the time to do it.”Having flied out in the first and grounded out on a comebacker in the fourth, Ianiello’s one-out single to left proved to be the game-winner.“I was hunting fastball and he left one there,” he explained. “I was able to find a barrel.”Peyton Pace scored on the play. The Penfield shortstop had reached earlier on a one-out single and scored from second on Ianiello’s hit.“I got a good jump on it,” Pace said of his read on the ball. “I knew how deep the outfielders were playing because they all have strong arms. I knew it wasn’t getting to them.”Jack Josephson pitched two innings in relief to pick up the win. The right-hander retired all six of the batters he faced. He struck out the side in the seventh getting the first two batters looking at curveballs before ending the game with a fastball.“It’s what I do,” Josephson said of his breaking ball. “I throw it in 3-2. I throw it in any count. It’s huge. It’s hard like a fastball, but it’ll drop right off the table. It’s very difficult to pick up.”Matt Mady reached on an error to lead the bottom of the sixth.  Penfield starter, Gage Ziehl knotted the game with a one-out single that scored pinch runner Andrew Olson.“When I saw that ball come off my bat, it was a sigh of relief,” Ziehl said. “My last game was an exception, but the games before that I haven’t been hitting it great. My teammates stepped up and got us going in that inning.”The last time these two teams met was the 2019 Section V Class AA final. McQuaid won that game, 7-1. Tuesday’s game, though played in mid-May, had a post-season feel. With CDC guidelines allowing for larger outdoor gatherings, fans filled the sidelines along right and left field lines. MLB scouts, as they have for his previous two starts, were there to watch Ziehl.Ziehl, then a sophomore, was the starter when McQuaid beat Penfield at Frontier Field in the 2019 final. McQuaid also knocked off the Patriots in the 2018 semi-finals. Ziehl was a freshman on that team.“Finally,” the University of Miami commit said after Tuesday’s win. “Every time against McQuaid it’s a good rivalry game. We got the best of them this time, finally. It feels great. My boy, Matt Mady got us started. He hit that ball hard. He got us going.”For four innings, Ziehl and McAliney locked horns. Both limiting the opposing order to one hit and one walk without allowing a run.McQuaid struck first. Ed Hall connected on a one-out single to center in the top of the fifth. After a balk and wild pitch, CJ Phelps brought home the game’s first run with a two-out single to right center.“We know McQuaid is the standard,” Penfield head coach Nick Marcin said. “That’s why we wanted to play them this year and see how we measure up. It was good because we got a lot of seniors but there are still a lot of first-year varsity players. Facing (Rush-Henrietta starter Chris) Sleeper (last week) under the lights was a big game. But for most of the guys this was the biggest game they’ve played in other than the five guys that were in the championship game. It’s great experience for them against an outstanding team.”In that game against Sleeper, a West Virginia University commit, Ianiello finished 2-for-4 with a double, home run, two runs scored and two RBI in a 5-0 win.“He’s just a grinder,” Marcin said of Ianiello. “He’s one of those guys that is going to learn from every at-bat. You got a lot of confidence in him that second or third time through the order that he’s going to make adjustments. He’s finding a way to get big hits when we really need him.”The win was the second straight for Marcin’s squad which improved to 9-1 on the year.“I’ve never been more proud of a team,” said the seventh-year head coach who has been in the Penfield program for 16 years. “I felt that way even when we were losing one-nothing. I thought if this game ends one-nothing, I’m going to tell them it’s as proud as I’ve ever been of a team. The way they competed. It’s the cherry on top to get the come-from-behind win.”Penfield plays at Spencerport on Wednesday.McAliney fell to 3-1 on the season. The SUNY Binghamton commit struck out seven for the Jesuit Knights.McQuaid (9-2) travels to play Corning (IV) on Wednesday. Leave a Reply Cancel ReplyYour email address will not be published. Follow on Facebooklast_img read more

News / To fly again, Centurion Air Cargo must provide ‘evidence of fitness to operate’

first_img© Ivan Cholakov By Alex Lennane 10/01/2018 The US Department of Transport has called on Centurion Air Cargo to provide evidence of its ‘fitness to operate’ before it can resume service.Last month, Miami-based Centurion applied for a waiver of the revocation-for-dormancy provisions for an initial period of three months, until March 30, 2018.It said it intended to resume operations under the same ownership and in “substantially the same fashion” as before.It argued that although it was not able to “complete the necessary steps” before the December 31 2017 deadline, it held the relevant certificates to operate.It added that owner Alfonso Rey and his management team – which have continued to operate sister carrier Sky Lease Cargo – have, during the dormancy, “been considering the best operating structure to support their long-term customers. They have concluded that it is financially prudent, and will benefit customers, to bring Centurion’s manuals and procedures up-to-date and resume its own operations as a complement to those of Sky Lease”.It also continues to hold FAA authority to operate.However, the DoT responded by noting that Centurion had not provided “any of the fitness information required”.It said: “Generally, it is not our practice to grant requests for extensions from the provisions … unless the applicant has provided evidence that it still meets the department’s fitness criteria and that it completed nearly all the steps to recommence operations (ie, has the necessary personnel, financial resources, aircraft, and FAA operating authority).“Although Centurion states that it still has access to a management team and substantial funding, it did not provide evidence to demonstrate it still meets the department’s fitness criteria or that it is taking necessary steps to return its FAA-issued operation specifications to a level which would allow it to resume operations.”The DoT added that it was unable to issue a positive fitness finding.However, it gave the carrier three months to provide the evidence required, which would allow it to resume operations. If, however, the evidence is not received by March 30, the DoT intends to “proceed with the revocation of Centurion’s economic authority for reason of dormancy”.Sky Lease, which has two 747Fs and one MD-11F active on its books, appears to be operating just one of each, according to the latest flight data. It has also been using Centurion’s 747-400F. One of Centurion’s two MD-11Fs, meanwhile, flying on behalf of Sky Lease Cargo, suffered damage at the end of November after landing at Sacramento Mather, when a wing tip hit the runway in low visibility conditions.Centurion had a strong perishables business between Miami and Amsterdam, but Sky Lease appears to be focusing for now on the Latin American market. Its website is currently “under maintenance”.last_img read more