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Bombardier Signs PrivatAir for Up to 10 CSeries Aircraft

Bombardier Aerospace announced today that Geneva-based PrivatAir has placed a firm order for five CS100 airliners and has taken options on an additional five CS100 aircraft. Based on the list price for the CS100 aircraft, the firm order contract is valued at approximately $309 million US, and could increase to $636 million US if the five options are exercised. PrivatAir was founded more than 30 years ago and operates a large fleet of commercial and business aircraft to provide private charter and private airline services. Its specialized services include exclusively business class flights on behalf of several major network airlines. As a superb example of the versatility of the world's only all-new aircraft in its segment, the CSeries aircraft acquired by PrivatAir will be delivered in an all-business class configuration. "The CSeries aircraft represent cutting-edge technology and are true 21st century jetliners," said Greg Thomas, President and Chief
Executive Officer, PrivatAir. "The CS100 jetliner is very well suited for our route expansion plans and we look forward to introducing this very modern aircraft into our fleet." "The CSeries aircraft program keeps growing and we have now announced our 11th customer," said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. "The CSeries family of aircraft is designed for operational flexibility and many airlines around the world, like PrivatAir, are very much aware of how the aircraft can meet their future plans. Our global push, as well as the superior performance benefits of the CSeries aircraft, will ensure that Bombardier will capture a significant portion of the 100- to 149-seat market segment over the next twenty years." "Included among the 11 customers that have selected the CSeries aircraft are major network carriers, national carriers, premium airlines serving city centre airports, a low-cost airline, leasing companies and now, wi
th the
order from PrivatAir announced today, a full service provider to airline partners," said Philippe Poutissou, Vice President, Marketing, Bombardier Commercial Aircraft. "This diversity of customers speaks volumes about the flexibility of the CSeries aircraft family to meet air transport requirements worldwide." Designed for the growing 100- to 149-seat market, the 100 per cent new CSeries family of aircraft combines advanced materials, leading-edge technology and proven methods to meet commercial airline requirements in 2013 and beyond. Powered by Pratt & Whitney PurePower PW1500G engines, the CSeries aircraft family will offer a 15(i) per cent cash operating cost advantage and a 20(i) per cent fuel burn advantage. The CSeries family of aircraft's clean-sheet design will enable the aircraft to achieve greatly reduced noise and emissions, as well as superior operational flexibility, exceptional airfield performance and a range of 2,950 nm (5,463 km). The CSeries a
ircraft
will be up to 12,000 lbs (5,443 kg) lighter than other aircraft in the same seat category and will provide passengers with a best-in-class, widebody cabin environment in a single-aisle aircraft. Including the order from PrivatAir announced today, Bombardier has booked firm orders for 138 CSeries airliners. Other customers include Republic Airways (40 CS300 aircraft), Deutsche Lufthansa AG (30 CS100 aircraft), Lease Corporation International Group (17 CS300 and three CS100 aircraft), Korean Air (10 CS300 aircraft), Braathens Aviation (five CS100 and five CS300 aircraft), an unidentified major network carrier (10 CS100 aircraft), an unidentified European customer (10 CS100 aircraft) and a well-established, unidentified airline (three CS100 aircraft). The CSeries aircraft program has also booked options for 124 aircraft and purchase rights for 10 aircraft from these customers, as well as Letters of Intent for up to 30 CSeries aircraft from Ilyushin Finance Co, and
for up
to 15 CS300 aircraft from Atlasjet.Notes to EditorAbout Bombardier A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended January 31, 2011, were $17.9 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com or follow us on Twitter @Bombardier. Notes Images of PrivatAir CSeries aircraft are available in the press releases section at: www.bombardier.com . For additional images, video and product information on CSeries aircraft, pleas
e
visit: www.cseries.com . Visit Bombardier Commercial Aircraft's "one-stop" news centre for news releases, product fact sheet, backgrounders, videos, photos and links to our social media channels at http://Press.CommercialAircraft.Bombardier.com Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace. (i) The CSeries aircraft program is in the design phase. All data and specifications are estimates, subject to change in family strategy, branding, capacity and performance during the design, manufacture and certification process. Performance has been estimated based on a 500-nm North American operating environment. Bombardier, CSeries, CS100 and CS300 are trademarks of Bombardier Inc. or its subsidiaries.Read more on
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Berkh Uul JSC (MSE: BEU) Completes 1,700 Meter Drilling Program

Berkh Uul JSC (MSE: BEU) is pleased to announce the successful completion of its 1,700 meter drilling program at the Delgerkhaan fluorspar deposit. The goal of the drilling program was to verify prior drilling data, enabling the registration of reserves with Mongolian authorities at MRAM. The drilling data will also be used to prepare a NI 43-101 compliant resource report. The drilling has intersected the previous veins established by the historic data, which was based on drilling by Russians in the 1960s. MRAM compliant resource report will be prepared by a local consulting company, while an Australian-based mining consultant, Micromine, has been engaged to prepare the NI 43-101 report. Management anticipates that the report will produce a resource estimate in line with the historical drilling.Notes to EditorBerkh Uul JSC (MSE: BEU) is a diversified Mongolian mining and exploration company listed on the Mongolian Stock Exchange and is one of the compa
nies
used to calculate the MSE Top 20 Index. Berkh Uul JSC's primary asset is the Delgerkhaan fluorspar deposit. Berkh Uul JSC is controlled by funds managed by affiliates of Firebird Management LLC, a New York-based private equity and hedge fund management company.Read more on IndiaPRwire.com

Dreamtech Press Launched Computer Course Kit in Bengali

India's leading IT, Engineering, and Management books publisher launched Comdex Computer Course Kit - Windows XP and Microsoft Office in Bengali language. The book was launched at the corporate office of Dreamtech Press, New Delhi, by Ms. Arti Pandey, CEO, Dreamtech Press. "The aim is to break the language barrier and encourage the computer education among prospective learners in easy-to-understand style with lots of examples to support the concepts by using a practical approach in presentation", says Ms. Arti Pandey Authored by internationally renowned author and publisher, Mr. Vikas Gupta, this book deals with Computer Basics, Windows XP, and Microsoft Office applications such as Microsoft Word, Microsoft Excel, and Microsoft PowerPoint. This book also familiarizes to reader with the working of the Internet and Outlook Express in detail. This book makes learning more interesting by its 3-stage self-learning system, in whic
h an
interactive CD will guide to the learner at every step.Notes to EditorDreamtech Press is India's leading IT, Management, and Engineering book publisher, devoted to students and professionals, novices and experts, instructors and teachers. We at Dreamtech Press have ardently analyzed and comprehended the needs of our readers. Moreover, the meticulous care taken in creating and publishing the books focusing on generic and specific educational requirements and demands of our readers make us the best choice among readers. Efficient process management and enduring quality processes have been hallmarks of our success. Investing in long term relationships is the core of our business, and has been the cornerstone of our success. No wonder, respected global corporations such as Microsoft Press, Apress/Springer, Manning Publication (USA), Source Books Inc., Career Press and W-Business have trusted our capability to deliver value in India. We have an exclusive sales
and
distribution tie-up with Wiley India Pvt. Ltd. wherein all the books printed by Dreamtech Press are distributed by Wiley India Pvt. Ltd.Read more on IndiaPRwire.com

Reliance Industries gears up for its biggest ever share buyout

Mukesh Ambani led Reliance Industries Limited (RIL) is all set to announce one of its biggest every share buyout programs, which could possibly become one of the biggest such programs in the Indian corporate history. This move to buy back shares comes at a time when RIL is looking to boost its share price which has walked on a receding graph over the last year. However, even in the anticipation of the event, RIL saw an immediate 5% shoot in its share price on Wednesday, increasing shareholder wealth between Rs. 11,950 crore to Rs. 2.54 lakh crore. A buyback involves repurchase of outstanding shares by a company, either through a tender offer or an open market purchase, usually to off set the decline in value of shares available with the company by reducing the number of outstanding shares. While RIL has not yet specified the quantum of shares it is planning to buy back or a timeline, it has filed a notice with the exchange for its upcoming plans. Many industry analy
sts
speculate that this buyout may just rescue RIL out is diminishing profit graph. According to Securities and Exchange Board of India (SEBI), a company is allowed to repurchase its shares worth up to 10% of its paid-up capital without shareholder approval and 25% with shareholder resolution. RIL's proposed buy back corpus is estimated to be around Rs. 15,000 crore (without shareholder approval) or Rs.25, 000 crore (with shareholder approval).It is speculated that Reliance will make use of its $12 billion cash and cash equivalent assets to sponsor this buyout program. The last time Reliance Industries pulled off a major buy back plan was back in December 2004 when it repurchased and extinguished 28.69 lakh shares worth Rs. 150 crore. If this program is to materialize in its absolute terms, it will not only boost RIL's share price, it will also signal strong growth prospects to investors and promoters of the company, even if it chooses not to spend the entire corpus it has
set
aside for repurchase.Reliance has been trying to ramp-up the declining output from its prolific KG-D6 gas field, and because the process will take time to show favorable implications on RIL's tock valuation, within that time, a buyout is being considered as good prospect. Also, if the estimated premium of 10-15% is being considered over current stock prices, the value of RIL shares could trail north in the range of Rs. 850-900 per share.Notes to EditorReliance has been trying to ramp-up the declining output from its prolific KG-D6 gas field, and because the process will take time to show favorable implications on RIL's tock valuationRead more on IndiaPRwire.com

Delhi Duty Free & Chivas Regal Announce 'The Art of Hosting' promotion for travelers

Adding an extra punch to the New Year, Delhi Duty Free Services Pvt. Ltd (DDFS), India's largest duty free retailer at T3, IGI Airport in Delhi, in association with Chivas Regal has announced an exciting promotion for international travelers. Titled 'The Art of Hosting', the promotion signifies hosting with entertainment and style. Travelers traveling between January 01-February 29, 2012 could win an all-inclusive trip to any one of the five European destinations - Paris / Milan / Amsterdam / Prague / Barcelona for 4 nights and 5 days, on purchase of Chivas Regal from Delhi Duty Free. The 5 lucky couples will also get a chance to visit the top 10 party destinations of these five European cities during the trip. To participate in this mega promotion, travelers have to buy either of the Chivas Regal 12Yo, 18Yo or 25Yo from Delhi Duty Free and complete the lucky draw coupons they would receive with the same. Travelers would also be entitled to discounts on purchase of
Chivas
Regal 12Yo and 18Yo other than getting the lucky draw coupons. Fully completed coupons should be dropped in the drop box kept at the duty free shops. The offer includes - Get $8 off and two lucky draw coupons on purchase of two bottles of Chivas Regal 12Yo Get $6 off or a strolley bag free and two lucky draw coupons on purchase of one bottle of Chivas Regal 18Yo Get four lucky draw coupons on purchase of one bottle of Chivas Regal 25Yo Said Mr. Arun Barathi, COO, Delhi Duty Free, "We want this New Year 2012 to be a very lucky one for 5 couples shopping at DDFS. In partnership with Pernod Ricard & Chivas Regal we bring this fantastic 5 star-5 destination opportunity for our travelers. DDFS has always looked to engage with customers in multiple ways and this great offer will carry forward the tradition".Notes to EditorAbout DDFS Delhi Duty Free Services Pvt. Ltd. (DDFS) is
a
joint venture company between DIAL (Delhi International Airport Limited), IDFS (Indian Duty Free Services) and ARI (Aer Rianta International). The company was awarded the concession to manage and operate the Duty Free Shops at Terminal 3, Indira Gandhi International Airport in Delhi. DDFS will be single largest duty free retail operator in India operating out of T3, the 6th largest single terminal building in terms of floor area. As India's progressive economy continues to grow, DDFS sees an exciting opportunity within the airport retailing business ensuring Delhi Duty Free is established as one of the world's prominent travel retail shopping experiences and destination.Read more on IndiaPRwire.com

India Hosts Global Forum to Discuss Key Matters Impacting Internal Audit Profession

More than 120 representatives from over 50 countries will convene at the Lalit Hotel in New Delhi, India February 5-8, 2012 for The IIA's annual Global Council. Coordinated by IIA Global Headquarters and hosted by the IIA's Indian institute (IIA-India), Global Council brings together top leaders of The IIA from around the world to discuss key matters impacting the global profession of internal auditing. For The IIA, as the internal audit profession's global guiding body and standard-setter, each year this event helps frame a number of important global initiatives for the profession. "We are proud to receive our fellow internal audit leaders here in India where the internal audit profession and The IIA are continuously advancing," said IIA-India spokesperson Naren Aneja. "In India, it is a top priority that our companies and government understand the full scope of internal auditing, as well as the valuable role The IIA plays around the world supporting internal audit
ors as
they conduct their governance, risk management and controls assessment work professionally." Established in 1941, with headquarters in Altamonte Springs, Fla., USA, The IIA comprises more than 170,000 members in 165 countries. IIA leaders represent members working in a variety of professional capacities such as internal auditing, risk management, governance, internal control, information technology audit, education, and security. The IIA has been establishing chapters to serve its members in India since 1963. Due to its strategic importance in the accomplishment of the global institute's mission, IIA India was chosen as the host for the 2012 Global Council to set the stage for discussions regarding globalization of the internal audit profession and the importance of advocacy in emerging countries. "We must ensure that our profession's global standards are embraced worldwide, and that we advocate to all our stakeholders with one united voice," said IIA Chairman o
f the
Board Denny Beran, CIA, CCSA, CRMA. "By leveraging this unique opportunity to join together in India from all parts of the globe, we can share with one another how to continue to advance in important areas such as adoption of global Standards and certification programs. This event embodies The IIA's long-standing motto: Progress through Sharing!"Notes to EditorAbout The IIA The Institute of Internal Auditors (IIA) is internationally recognized as a trustworthy guidance-setting body. Serving members in 165 countries, The IIA is the internal audit profession's global voice, chief advocate, recognized authority, acknowledged leader, and principal educator. About IIA-India IIA-India serves the internal audit profession in India through its chapters in Mumbai, Delhi, Calcutta, Chennai, Bengaluru and Hyderabad.Read more
on
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SG Biofuels Completes $17 Million Series B Financing

HFTP Created Global Access to Hospitality Technology Certification Program in the Past Year

In the past year, Hospitality Financial and Technology Professionals (HFTP®) has expanded its exam resources for the Certified Hospitality Technology Professional (CHTP). Online webinars and practice exams now make studying for the certification exam easy, no matter the geographical location. The CHTP exam is also available online, allowing hospitality professionals the option of studying and taking the exam from anywhere in the world. "HFTP's CHTP is more global than ever before," said Frank Wolfe, CAE, CEO of HFTP. "Thanks to the Internet, hospitality professionals now have the same resources for preparing and taking the exam from anywhere in the world." HFTP completed a four-part online CHTP review course that is available on the HFTP web site. Each part of the online review is presented with content building from the previous session and focuses on a specific topic -- like "managing technology." HFTP also launched an online practice exam for the C
HTP.
The CHTP Practice Exam is an actual sampling of questions taken from the CHTP Examination that have been rewritten for examination preparation. The practice exam includes select questions from each section of the exam, for a total of 25 questions, and a results page showing a percentage passed in each section. "The CHTP is different from any other certifications because it is the only one that shows specific knowledge of hospitality technology," said Raman P. Rama, CHA, CHTP, CHAE, vice president and CTO/CIO of JHM Hotels and HFTP Global vice president. "By having this designation, and an accounting degree from university in India, I have confidence in my knowledge of hospitality industry technology and accounting." Developed jointly by HFTP and the Educational Institute (EI) of the American Hotel & Lodging Association (AH&LA), the CHTP designation is the ultimate achievement in hospitality information technology by showing a dedication to both the hospitality a
nd
technology industries. Since its inception in 1994, more than 340 professionals have earned the CHTP designation around the world. HFTP also administers the examination and awards the Certified Hospitality Accountant Executive (CHAE).Notes to EditorHFTP, founded in 1952, is the global professional association for financial and technology personnel working in hotels, clubs and other hospitality-related businesses. With an extensive global hospitality network, HFTP offers extraordinary networking opportunities, industry-leading certification programs and events, and essential recourses for professional growth.Read more on IndiaPRwire.com

Alex Pinchev Joins Acronis as President & Chief Executive Officer

"Convergence is a challenge and opportunity to people" - Padma Vibhushan Dr. M.S. Valiathan, National Research Professor

The two days event "Convergence 2012 - the 4th Annual International Conference" kick started on 11th Jan 2012 with the Inaugural function solemnized at Hotel Crowne Plaza in Electronic city, Bangalore in the benign presence of World fame Academicians, Industry experts and Corporate Leaders. The event started with lighting of lamp by the Chief guest Padma Vibhushan Dr. M.S. Valiathan, National Research Professor followed by a welcome address by Dr. B.P. Pethiya, Director IFIM Business School. ( place the group photo attached on mail) "Convergence is a challenge and opportunity to people. In recent years there is a increase in public health in India which has achieved success in health care sector. Three important key aspects in district level committee is recognition, decentralization, integration. Under public private partnership scaling has been started. National medical insurance is less in India. There s a lack of innova
tive
management and management community is ignored. CONVERGENCE would help the people to bring out their thought and also create opportunity for every sector of management", the Chief Guest said. "One of the Fastest Growing Economy .India will triple its Infrastructure spend to US$ 1.2 Trillion BY 2015.India will add 250 Million people to her cities by 2020.Aggressive Mechanization of Farm sector (target +4% YOY growth in o/p).GDP growth will attract large investments in Skill based manufacturing" replied the Guest speaker Mr.Manohar ,Director,Demand Chain,SKF India Ltd. when asked Why India Market is attractive? Guest Speaker Dr. Rafiq Dossani, Professor, Stanford University spoke on CIO's Challenges, SM(social media) for new & more reliable information ,SMPs that are widely used, especially ESMPs, Cases in which data supported hypothesis, Cases not supporting the hypothesis, CIOs still face significant challenge
s,
therefore, in SMP planning and adoption etc. The conference was designed to discuss and deliberate on the service sectors which are fast expanding and gaining centre-stage in Indian Economy such as Retail, Health and Medical Tourism Financial Services, Education. The Panel discussion on 11th Jan, started off with eminent personalities from the Indian retail industry discussing about the advantages and the disadvantages of allowing unrestrained FDI in the retail sector and come up with a feasible model for the execution of the decision and thus attaining higher economic growth on theme "FDI in Retail: Impact on Indian Economy". Mr. Bijou Kurien, President, Reliance Retail played a wonderful role being the moderator for the panel consisting of experts from the retail Industry like Mr. Jonathan Yach, CEO, Mantri Square, Bangalore, Mr. Satish Puranam, VP, Max Retail Store, Mr. Shriram Sanjeevi, SBU Head - Li
festyle
and Food, Indiaplaza.com and others. The Healthcare panel discussion, chaired by Dr. Nanda Rajaneesh, Consultant in Gastrointestinal Oncosurgery, VP Medical Services, Nova Medical Center on theme "Healthcare beyond borders- Emergence of Medical Tourism" had debate on Opportunities like India as a favorite medical tourism destination & Concerns of this particular sector which included Ethics and legal issues from country to country, corruption, lack of transparency among the facilitators, lack of health insurance coverage and Standardized policy. Creating "Dualism" - Gap between the rich and the poor, Care and Cure and infection, Over the counter drug sales and, Holistic sync between the political, social and economic plan. Healthcare going beyond borders is a culmination of science, technology, activism and altruism. Health care is no longer about treatment it is also about prevention and care. Disease is not l
imited
to rich developed countries alone; in fact poor developing countries suffer from larger number of health care issues due to various socio economic factors, said Dr. Nanda Rajaneesh. The second day 12th Jan 2012 started with much awaited discussion on Indian Education Sector - "Challenges and Opportunities ahead" chaired by Prof. R S Nirjar, Executive Chairman, IFIM Business School Bangalore. Panel Discussion Experts included Prof. Joe Phillip, President, XIME, Bangalore, Prof. S Sriram, Executive Director, Great Lakes Institute of Management, Chennai, Prof Chandra Bhushan Sharma, Professor of Education, School of Education, School of Education, IGNOU, New Delhi, and Dr. M Chandrashekar, Dean, M S Ramaiah Institute of Management. The Paper presentation in the education sector included Opportunities and Challenges in Education sector, New educational practices at IT-BPO services, FDI in Education, Role of foreign entrants in education secto
r,
Impact of various training models at various sector, E-learning Management ,Educational issues in rural development, Innovative teaching methodology etc. " Management Strategies in the Financial Services- A critical review" was the theme of Financial services panel which was chaired Mr. Sunil Damania - Editor of Dalal Street Investment Journal This Panel Discussion had eminent people like Prof. Prasanna Chandra. Director, CFM, Bangalore, Mr. Natarajan, Managing Director and CFO, Helion Venture Partners Pvt. Ltd, Mr. Deven Choksey, CEO K R Choksey Securities, Mr. Ambareesh Baliga, COO, Way2Wealth, Mr Anil Saxena - Group CFO Religare Enterprises, Mr. Muthu Kumar, M.D, Standard chartered and critically evaluated the relative resilience shown by the Indian economy and also aspects like management strategies adopted by the BFSI sector, role of foreign players and regulators, current approach to identify investment opportunities such
as
Financial depth from industry , Need for a single master regulator, Potential for financial product innovation which lead assurance of minimum returns to retail investors. On the other hand an interesting debate on the concerns such as Lack of financial Literacy - investor, Equity market to be made less risky, the corporate investors being very conservative. Last but not the least was the valedictory function and thanks speech by Dr. Kavita Mathad, and Dr. M R Gopalan, Director Research. Convergence 2012 was an event of its own covered by highly reputed print and electronic media houses, a remarkable event and was a great success as commented by most of the delegates present during these 02 days.Read more on IndiaPRwire.com