USA and Norway raise fighter jets to escort Russian Tu-142 :: Politics :: RBC

Seven Russian aircraft flew over the Barents and Norwegian Seas, as well as over the Pacific Ocean. At certain stages of the route, they were escorted by fighters of the US Air Force and Norway

TU-142 airplane and F-22 fighter

(Photo: NORAD / AP)

Russian long-range anti-submarine Tu-142 aircraft performed flights over the waters of the Barents and Norwegian Seas, as well as over the neutral waters of the North Pacific. This was reported to journalists in the press service of the Ministry of Defense, reports RIA Novosti

The flight took place on June 27, three Tu-142 flew over the Barents and Norwegian seas, and four over the Pacific Ocean. The department emphasized that the flight took place in accordance with international rules for the use of airspace. The borders of other states were not violated.

The military of the United States and Canada announced the interception of Russian IL-38 near Alaska

American fighter F-22

At certain stages of the route over the neutral waters of the Norwegian Sea, Russian planes escorted Norwegian F-16 fighters, and over the Pacific Ocean – US Air Force F-22 fighters.

The Joint Command of the Aerospace Defense of North America (NORAD), in turn, reported on Twitter that F-22 fighters, along with KC-135 Stratotanker refueling aircraft, intercepted four Russian Tu-142s that entered the Air Defense Identification Zone (Air Defense) Alaska

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The spirit of the crew in ” The freedom of the commandment “

The freedom of the command

Vice-Admiral Loïc Finaz

Editions of the Equators, 220 p., 19 €

At a time when companies are looking for reasons and try to reverse the march madness of a capitalism that is taken for its own end, it is comforting to listen to the voice of a marine, vice-admiral, moreover, tell us, in a language precise and poetic, his passion for these small miracles the human beings that are companies. Of course, his business to him were first buildings-schools, notices or frigates crossing in a rite of initiation and quasi-mystical to the goulet of the roadstead of Brest, one who” book to the first pitch, the Atlantic ocean and all the seas of the world “.

What it means to conduct

Years navigation, of days and nights” plow “the storm,” had to tack to windward of the reefs “to roam” the sea turquoise, indigo, gray, green, coppery, or black “to have also “ the relief of the coast friend found “, finished by forging to the vice-admiral Loïc Finaz few fundamentals of the command. ” Autonomy and solidarity “, “ requirement and benevolence “,” intelligence and courage “,” word and time “,” hierarchy and participation “,” functions and responsibility “,” energy and culture “seven pillars, of which the clarity and the simplicity have consistently become incarnate and experience over many examples, experiences, sometimes for life, on this sea” matrix “where a few millimeters of steel separate from the abyss.

Now the director of the School of war, at the crossroads of the worlds, civil and military, responding to students” selected “to become, in their turn, the leaders, the vice-admiral Finaz speculate on what that means, basically, order. Far from the ideologies, giving back to all companies, public, private, and military nobility of the enterprise, The freedom of the command reveals, what gives any human group, any crew : the search for meaning in what we do.

Offer freedom to the other

Go is not enough for me, ” said the chief, captain or contractor “. To give meaning to the common work, offer freedom to others, those to be served, such is the vocation of those who command. ” The leaders are the carriers of this white line (…) be it at dawn or with the candlestick in the twilight “. Whether it be for combat or just for the company,” let us never forget that leadership is about love “.

Beyond the treaty on the commandment, beyond the wonderful pages of the sea are legitimate reasons for its recognition as a Writer of marine, Loïc Finaz leads us into a meditation lucid about our place in the world. ” Learn not to leave traces in the world, traces that do are worth the penalty invites there. Our hands” do not build the beautiful and the useful “. And especially,” believe in this world “. The most beautiful of the precepts, a pledge of hope. Because” this is not in vain that we take the sea “writing the sailor Loïc Finaz in the last pages. The appointment of nautical miles traveled, “ there are a minimum of our reunion with ourselves “.

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Crowded parks and more traffic, the first weekend of phase 2 – Chronicle

Checks from North to South to verify compliance with anti-Covid measures on the first weekend of Phase 2 of the coronavirus emergency. Under the lens in particular the areas of the promenade and the parks, the destination of many runners and families who took advantage of the beautiful day to take a walk or a ‘ride’ in the open air. Even the nightlife areas are monitored, especially in Milan the Navigli, after the gatherings of recent days.

Law enforcement checks also on the exit roads from the cities to avoid any ‘escapes’ to the sea or to second homes.

Pescara Riviera as Navigli – Runners and people on bikes who do not respect distances, children playing together, boys talking in groups or embracing each other without the protection tools, many without a mask: from the beginning of ‘phase 2’ the Pescara seafront and the streets of the promenade are invaded daily by thousands of people, to the point that, after the controversy of Milan, the Riviera of the Adriatic capital is compared to the Navigli. Warning from the mayor Carlo Masci who talks about “risky attitudes” and invites citizens to “common sense”, asking them not to force him to “make rigid containment measures again”, which he is also ready to adopt if it should become necessary.

Crowded the pine forest of Ostia, 2 fined on the beach – Large influx in the main parks of the capital and in the pine forest of Castel Fusano today, the first Saturday of Phase 2. Checks are underway on the local police and law enforcement agencies in parks and historic villas to avoid gatherings. Checkpoints have also been set up in the city where cars in transit are stopped for checks on compliance with restrictions on the coronavirus. So far, six thousand checks have been carried out by the local police in Rome and fifteen sanctions have been carried out for failure to comply with anti – Covid. Between these two people fined for walking on the beach in Ostia on the shore. The other sanctions, according to what has been learned, mainly concerned movements without valid reason towards the sea.

In the first weekend of phase 2 in Turin and province special controls have been arranged to avoid gatherings. In addition to the fixed presence of the police in the Barriera di Milano and Aurora districts, decided by the Provincial Committee for public order and safety chaired by the prefect of Turin Claudio Palomba after the tensions of the past weeks, related checks are also scheduled on the day the restart of take-away and take-away services in bars and restaurants. Particular attention will also be paid in the evening hours, to prevent any queues in some areas of the city where restaurants and pizzerias are concentrated from turning into unauthorized gatherings, one of the reasons that led the Region to delay the OK for a few days. Turin take-away compared to the rest of Piedmont.

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NATO squadron leaves the Barents Sea :: Politics :: RBC

A NATO squadron consisting of the US PMS, Donald Cook and Roosevelt destroyers, the British frigate Kent and the American supply ship Sapplay left the Barents Sea. This was reported on the website of the Sixth Fleet of the United States.

Ships entered the sea on May 4 “to conduct exercises and operations in the difficult conditions of the Arctic region,” noted the Navy. They left the water area on May 8. The exercises were attended by 1.2 thousand sailors of the United States and Great Britain.

They were supported by a U.S. Navy P-8A Poseidon patrol reconnaissance aircraft and a US Air Force reconnaissance aircraft RC-135.

US Navy publishes photo of NATO squadron in the Barents Sea

“The Arctic is an important region, and our naval forces operate there, including the Barents Sea, to ensure trade security and demonstrate freedom of navigation in this difficult environment,” said Admiral James Foggo III, Commander of the US Navy in Europe and Africa .

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Reported serious employee run over in Tecámac store

TECÁMAC.

This Friday, a group of men broke into a van to a warehouse of a department store in this municipality to steal merchandise, facts in which a woman was injured, who was carrying out cleaning work on the site.

According to the first reports, around 04:30 hours, elements of the Municipal Police received an alarm activation alert from the store located on Ozumbilla Avenue in the Bosques section of the Los Héroes housing unit.

The uniformed upon arriving at the scene minutes later, cordoned off the area and began an operation to locate those responsible for the robbery, however, they were not successful.

In the surveillance cameras you can see the subjects who broke the curtain with a green Ford-type van.

Likewise, an employee who was cleaning near the curtain was run over, so she had to be transferred to a hospital in the area, and is reportedly in serious condition.

Meanwhile, the alleged thieves, of whom at least eight subjects are observed, loaded the rear of the truck with screens and white goods, and then fled the scene.

* In the following link you will find the latest news

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Loans: Get a Loan? Your business should be interesting to finance

By Rishi MehraDuring my interactions with bankers, one thing that is repeatedly mentioned is that even if a bank wants to lend, small businesses often make it very difficult for them to raise funds. In fact, my interactions with many small businesses show that a lot of work is needed to get a bank to lend. Many borrowers fail to recognize the fact that they need to make their business good and a confident banker is extending the money.

The process is not difficult and, if followed diligently, it can make the difference between approving or disapproving the loan.

Maintain adequate accounting: this is the basic requirement for securing a loan. Account books are a snapshot of a company’s health and the most important requirement when looking for a loan. From profit and loss accounts to your balance sheet, a bank would like to go through your accounts to understand the company’s financial health.

Check your accounts – simply keeping your accounts wouldn’t be enough. A bank must have confidence in your company’s business and this can only happen when an independent auditor detaches itself from your accounts. By law, regardless of size or turnover, each company is required to perform an audit, but for an individual company it is not mandatory. However, it makes sense to check your accounts if you are looking for a bank loan so that it becomes clear that it shows a true and fair view of the company’s financial transactions.

Cash flow: cash flow is a very important measure of the company as it shows the net amount of liquidity generated by a company to meet operating expenses and take care of its debt. A bank generally wants to see the cash flow statement, so if you are looking for a loan, you should prepare one. A positive cash flow would indicate the firm’s ability to meet its expenses, pay its debts on time and even cope with any contingency.

GST: With the introduction of the Goods and Services Tax (GST) in 2017, banks have found another way to get a view of a company’s financial transactions. Given that GST is so intrinsically linked to the functioning of companies, it is done electronically and reflects the current position of the company, there is a great authenticity of the numbers declared. Banks are increasingly looking to GST as a corporate measure and, in fact, government systems also use indirect tax to provide interest subsidies. It would be good for companies to have your GST files in order and show banks that the business is solid.

Show Profits: The proof of the pudding is in eating. Likewise, the value of a company at the end of the day is in its ability to make a profit. Before taking out a loan, make an effort to show three years of profits in annual returns. This validates your business model and is the best reflection of a company’s efficiency.

Good business plan – It is important to inform the bank about the intended use of the money. A good business plan is a very important part of the application which should indicate how the funds will be used. Banks would like to know where their money would be invested and what the potential economic advantage is. A good business plan should have all aspects of your existing business because you need the loan, the execution strategy and the financial details. You can find more information in this

article

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Leadership and team – Especially in the case of small businesses, many people lead the leadership team or the entrepreneur. It is very important to show the knowledge of the domain and the business sense of the entrepreneur. Much of a bank’s loan decision is as much a bet on the entrepreneur who makes it, than on the company itself.

Independence of the board / mentors – Banks find comfort even if there is a level of corporate governance. If you are a company, it is always important to follow the statutory rules established by law. Very often, small businesses have no structures in place, which in turn raises doubts about corporate governance for banks. Having a board of directors and in it some independent directors go a long way in showing the credibility and standard of the company. Having a name known as a mentor also brings a level of acceptability to a company and helps establish integrity.


(The writer is the CEO, Wishfin.com)

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On airlines, the coronavirus crunch unlike past travel interruptions

A person watches as a Southwest Airlines plane arrives at a gate of Pittsburgh International Airport (PIT) in Moon Township, Pennsylvania, the United States, Tuesday July 2, 2019.

Justin Meriman | Bloomberg | Getty Images

Airline stocks have been hammered even worse than most of the stock market in the past few weeks, dropping 30% due to fears that the new coronavirus will lead to mass defections by customers who break into their world. It got so bad that United Airlines canceled a 5-day investor day, saying that the COVID-19 problems meant that United would not receive any attention to the long-term plan it wanted to present.

But for a combination of reasons, American carriers may be more resilient than they appear, that is, if the global health crisis doesn’t last too long or spread too widely. In this case, the high fixed costs of the airlines will mean that profits will be hit hard even by medium-sized drops in revenue. And weaker couriers abroad will be hit hardest: British regional courier Flybe announced today that it is about to enter the British equivalent of the bankruptcy court, even though it had serious problems before the coronavirus epidemic.

The two main reasons for being cautiously optimistic are that US carriers entered into crisis in good shape and that during this time the airline fuel price crashed, cutting one of their biggest expenses. Energy consultant IHS Markit now predicts that world oil demand in the first quarter of 2020 will decline by the largest volume in history, even surpassing declines during the 2009 financial crisis. OPEC has agreed to a massive cut in supply, although Russia still disagrees, as Brent crude oil prices are trading around $ 50 and WTI crude oil below that.

Until last week, airlines thought that the drop in fuel alone would make up for the loss of business from Asia, but with the virus spreading to Europe and making its way into North America, fewer investors are willing to bet that costs can decrease faster than revenue.

Just today, Southwest Airlines announced that business has plummeted in the past week, enough to force the Dallas-based airline to cut its first quarter revenue guide from $ 200 million to $ 300 million, about a 5 percent drop. %. This follows yesterday’s move from Chicago-based United Airlines Holdings to cut 10% of its domestic flights and 20% of its international routes due to lower demand. But Southwest’s filing also claims that cheaper fuel will save him $ 1 billion this year, giving him a cushion against falling profits.

Sentiment has been strongly oriented towards airlines in the past three weeks and even the past few days.

Recently, on February 11, Moody’s Investor Service published a report stating that fuel prices alone were more than compensating for the impact of activities lost due to the cancellation of flights to Asia. But Thursday, the International Air Transport Association is sending out an alarm, claiming that coronavirus could plunge industry revenue worldwide from $ 63 billion to $ 113 billion this year. Two weeks ago, IATA thought the number would be $ 29 billion and the impact would be limited to airlines operating in the “associated markets of China”.

“There are many airlines that have relatively tight profit margins and a lot of debt, and a cash flow shock like this could definitely put you in a very difficult situation,” IATA economist Brian Pearce told reporters in Singapore Singapore. according to Reuters.

Moody’s analyst Jonathan Root says the latest news is threatening.

“All bets are turned off if this becomes a widely dispersed virus,” he said in an interview Wednesday night.

Meeting of airline CEOs with Trump

Airline executives met in the White House on Wednesday with President Donald Trump, letting both sides inform the other about preparations for coping with the virus. Vice President Mike Pence told the group that passengers on the remaining flights from Asia are screened before entering the United States, while the President blames his predecessor Barack Obama for imposing regulations. Trump’s statements made it more difficult to rapidly develop coronavirus test kits.

“This was a disagreement decision, I don’t think we would have made it, but for some reason it was made but we canceled that decision,” said the president.

After the meeting, CNBC’s Eamon Javers reported that CEOs privately warned White House officials not to speak in a way that discouraged people from flying. They urged White House chief of staff Mick Mulvaney to “talk about the facts, not about the fear,” Javers said, citing a person familiar with the conversation.

NYSE’s ARCA airline index has fallen more than 30% since February 12 due to widespread fear of coronavirus. Among the biggest drops: American 40% and 39% drop in Spirit Airlines. The southwest, which has no flights to Europe or Asia, is down 21%. Alaska Air fell 27% and Delta fell 23%, while United 28% and JetBlue Airways’ 26% decline are almost in the center.

How to financially analyze an airline

Airlines are simple enough to analyze financially, so the reasons for caution are not difficult to understand.

Airlines have such high fixed costs for planes and staff that even a small loss in business causes a much bigger gap in profitability, as carriers pay as much to run a half-full flight as one that is full at the same time. 84%, the industry average last year, said CFRA research analyst Colin Scarola. Until recently, US airline planes were much fuller than before. The average “load factor” of 84% in 2019, according to data from the United States Department of Transportation, increased by more than 10 percentage points compared to 15 years ago.

Preliminary January government data indicate that passenger traffic increased 5% over the previous year.

Apparently things started breaking in February, but nobody knows for sure, said Root. In the southwest, the crack has occurred in the past week, the company said in a SEC filing today.

“The Company reported good growth in passenger bookings and revenues for the first two months of 2020, with year-over-year increases in operating revenues per mile of available seat (RASM) that were in line with the Company’s expectations”, said the document. “However, in the past few days, the Company has experienced a significant drop in customer demand, as well as an increase in travel cancellations, which are assumed to be attributable to concerns related to the reported cases of COVID-19.”

The biggest thing that changes revenue is how complete the planes are and their higher costs are fuel and labor. Fuel accounts for 15% to 20% of the airline’s costs, according to data from the United States government. Fuel prices have fallen 33% since fall 2018, according to the U.S. Department of Energy, half of that since December.

While airlines and budgets and recent free cash flow trends may look great, things can change quickly.

Colin Scarola

CFRA research analyst

United is an example of how airlines have planned to cope. In a securities and exchange commission filed on February 28, the Chicago-based carrier said that the impact of the loss of international business in the first quarter would likely be offset by fuel costs and payments under a renewed credit card partnership with JPMorgan Chase. But United also withdrew its lead by 2020, stating that the range of potential outcomes was too broad to make any predictions possible. If COVID-19 were to run its course by May, United said, it would likely meet its previous profit forecast of between $ 11 and $ 13 per share. United shares are currently trading around $ 56.

“The company remains confident in its long-term outlook, including adjusted diluted earnings by 2022 share interval, [and its] 2022 and 2023 adequate free cash flow targets [announced on] February 24, “said United in the filing.

Of course, airlines have done very well recently, with big profits and even greater cash flow, as well as manageable debt loads.

Despite IATA’s assessment that many global carriers are wobbly, major U.S. airlines made $ 335 million (at Spirit) with last year’s $ 3 billion in net income. Furthermore, thanks to heavy non-cash expenses such as depreciation, which reflects the gradual devaluation of airplanes – mainly for accounting purposes – the operating cash flow is even better. This ranged from $ 1.44 billion at JetBlue down to $ 6.9 billion at United.

Most U.S. airlines have about $ 3 billion in cash in their balance sheets, with Spirit and JetBlue smaller with $ 1.1 and $ 1.3 billion respectively, as of December 31st.

Debt is not a problem for most major US carriers, particularly with low interest rates. The average airline has 15 times the cash flow needed to cover interest payments, said CFRA Research’s Scarola. Indeed, the American was able to sell $ 500 million in full-value debt until 20 February, but Scarola issued a cautionary note against the American, whose cash flow is only about four times. higher than his interest.

Nonetheless, Scarola recently cut its investment rating on United, American and Delta stocks to keep from solid buying or buying. For Scarola, the problem is that the high fixed costs of the airlines mean that any drop in business will almost immediately cause an oversized impact on profits.

To the American, where he expected the impact to be limited until recently because he has few flights to Asia, a drop in revenue from 10% to 15% could wipe out net profits, he calculates. Delta is vulnerable because over a quarter of its revenue comes from international flights, mainly to Europe. United is expected to hold up relatively well, but has cut its 2020 earnings forecast by $ 1.30 a share to $ 11.45.

“Although airlines, budgets and recent free cash flow trends may look great, things can change quickly if demand drops sharply,” Scarola said in an email.

For now, the math for large US carriers points to a lower drop in revenue than the double-digit drop that would wipe out profits for some airlines, with fuel savings that would nullify much of the damage. How long does this bet last?

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