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Arik Air
Arik Air is a Nigerian airline operating mainly from two hubs at Murtala Muhammed International Airport in Lagos and Nnamdi Azikiwe International Airport in Abuja. Arik Air's head office is the ''Arik Air Aviation Center'' on the grounds of Murtala Muhammed International Airport in Ikeja. Arik Air serves a network of regional and mid-haul destinations within Africa. History Early years The company was created in 2004 by Joseph Arumemi-Ikhide from the ashes of Nigeria Airways, which was liquidated in 2002. In August 2006, the Federal Ministry of Aviation granted Arik Air authorisation to fly to Trinidad and Tobago and Amsterdam, London and Madrid in Europe. Furthermore, the airline then planned to fly to Atlanta, Miami, and Houston in the United States and Birmingham in the United Kingdom. On 4 April 2008, Arik Air was given permission to fly to the United States by the US Department of Transportation. Arik Air started international operations to London-Heathrow on 15 Dec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management Corporation Of Nigeria
Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria in July 2010 with an intended 10 years lifespan. The concept is in consonance with the operation of the National Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta. The body acted as the buyer of banks for the Nigerian Government by acquiring the non-performing loans (NPL). The original book value of the acquired NPLs was ₦4.02trillion at a price of ₦1.76trillion with a commensurate issue of Zero Bond for the NPL acquired. Background As a result of global financial crisis and domestic events, the federal government of Nigeria through the operation of Central Bank of Nigeria conceptualized the idea for the establishment of a body that will prevent the looming financial crisis in the country. At the time of the establishment of this corporation, the body identified 10 banks with crisis in system asset and responded by the inj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Department Of Transportation
The United States Department of Transportation (USDOT or DOT) is one of the executive departments of the U.S. federal government. It is headed by the secretary of transportation, who reports directly to the President of the United States and is a member of the president's Cabinet. The department's mission is "to develop and coordinate policies that will provide an efficient and economical national transportation system, with due regard for need, the environment, and the national defense." History Prior to the creation of the Department of Transportation, its functions were administered by the under secretary of commerce for transportation. In 1965, Najeeb Halaby, administrator of the Federal Aviation Agency (predecessor to the Federal Aviation Administration, FAA), suggested to President Lyndon B. Johnson that transportation be elevated to a cabinet-level post, and that the FAA be folded into the DOT. It was established by Congress in the Department of Transportation A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AMCON Distributing
AMCON Distributing Company is one of the largest wholesaling, wholesale distributors in the United States serving approximately 4,000 retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops. AMCON currently distributes over 17,000 different consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and chilled products and institutional foodservice products. Convenience stores represent the largest customer category. In November 2018, Convenience Store News ranked AMCON as the eighth (8th) largest convenience store distributor in the United States based on annual sales. Background AMCON Distributing Company was established in 1986 in Omaha, Nebraska. Annual sales were $1,322,306,658 for the fiscal year ending on September 30, 2018. AMCON has corporate headquarters in Omaha, NE and operates six wholesale distribution ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a network of firms in 145 countries, with over 265,000 employees and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. Over the past decade various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. History Early years and mergers In 1818, John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moxham & Co. and renamed it James Grace & Son in 1857. In 1861, Henry Grace joined James Jr. and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Too Big To Fail
"Too big to fail" (TBTF) and "too big to jail" is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by governments when they face potential failure. The colloquial term "too big to fail" was popularized by U.S. Congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois. The term had previously been used occasionally in the press, and similar thinking had motivated earlier bank bailouts. The term emerged as prominent in public discourse following the global financial crisis of 2007–2008. Critics see the policy as counterproductive and that large banks or other institutions should be left to fail if their risk management is not effective. Some critics, such as economist Ala ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 787 Dreamliner
The Boeing 787 Dreamliner is an American wide-body jet airliner developed and manufactured by Boeing Commercial Airplanes. After dropping its unconventional Sonic Cruiser project, Boeing announced the conventional 7E7 on January 29, 2003, which focused largely on efficiency. The program was launched on April 26, 2004, with an order for 50 aircraft from All Nippon Airways (ANA), targeting a 2008 introduction. On July 8, 2007, a prototype 787 was rolled out without major operating systems, and then the aircraft experienced multiple delays until its maiden flight on December 15, 2009. Type certification was received in August 2011 and the first 787-8 was delivered in September 2011 before entering commercial service on October 26, 2011, with ANA. At launch, Boeing targeted the 787 with 20% less fuel burn than replaced aircraft like the Boeing 767, carrying 200 to 300 passengers on point-to-point routes up to , a shift from hub-and-spoke travel. The twinjet is powered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 747-8
The Boeing 747-8 is a wide-body airliner formerly developed by Boeing Commercial Airplanes, and the largest variant of the 747. After introducing the 747-400, Boeing considered larger 747 versions as alternatives to the proposed double-deck Airbus A3XX, later developed as the A380. The stretched 747 Advanced was launched as the on November 14, 2005, for a market forecast of 300 aircraft. The first 747-8F Freighter performed its maiden flight on February 8, 2010, and the passenger 747-8I Intercontinental followed suit on March 20, 2011. The cargo version was first delivered in October 2011 and the airliner began commercial service in June 2012. Its fuselage is stretched by to , making it the longest airliner until the 777X, which first flew in 2020. While keeping its basic structure and sweep, the wing is thicker and deeper, holding more fuel, and wider with raked wingtips. Powered more efficiently than preceding 747s by a smaller version of the General Electric GEnx ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 777
The Boeing 777, commonly referred to as the Triple Seven, is an American long-range wide-body airliner developed and manufactured by Boeing Commercial Airplanes. It is the world's largest twinjet. The 777 was designed to bridge the gap between Boeing's other wide body airplanes, the twin-engined 767 and quad-engined 747, and to replace older DC-10s and L-1011 trijets. Developed in consultation with eight major airlines, with a first meeting in January 1990, the program was launched in October, with an order from United Airlines. The prototype was rolled out in April 1994, and first flew in June. The 777 entered service with the launch customer, United Airlines, in June 1995. Longer range variants were launched in 2000, and were first delivered in 2004. It can accommodate a ten–abreast seating layout and has a typical 3-class capacity of 301 to 368 passengers, with a range of . It is recognizable for its large-diameter turbofan engines, six wheels on each main landin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arik Niger
Arik Niger was the Nigerien subsidiary of Arik Air based in Niamey, Niger. The airline suspended operations in February 2010. Destinations Arik Niger served the following destinations from Niamey before ceasing operations: *Benin **Cotonou - Cadjehoun Airport *Niger ** Agadez - Mano Dayak International Airport ** Maradi - Maradi Airport ** Niamey - Diori Hamani International Airport Base ** Tahoua - Tahoua Airport **Zinder - Zinder Airport *Nigeria **Abuja - Nnamdi Azikiwe International Airport ** Kano - Mallam Aminu Kano International Airport Fleet Arik Niger operated the following aircraft: *2 - Fokker 50 (Leased from Denim Air Denim Air ACMI B.V. was a Dutch charter airline based in Mijdrecht. It provided ACMI wet lease services to other airlines. Its main base was Amsterdam Airport Schiphol. It was wholly owned by Sky Greenland and had 50 employees in January 2016. D ...) References External linksArik Niger [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of the Middle East and North Africa. D Long, B Reich. p.157 Established in the 18th century as a small fishing village, the city grew rapidly in the early 21st century with a focus on tourism and luxury, having the second most five-star hotels in the world, and the tallest building in the world, the Burj Khalifa, which is tall. In the eastern Arabian Peninsula on the coast of the Persian Gulf, it is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. A centre for regional and international trade since the early 20th century, Dubai's economy relies on revenues from trade, tourism, aviation, real estate, and financial services.< ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York JFK
John F. Kennedy International Airport (colloquially referred to as JFK Airport, Kennedy Airport, New York-JFK, or simply JFK) is the main international airport serving New York City. The airport is the busiest of the seven airports in the New York airport system, the 13th-busiest airport in the United States, and the busiest international air passenger gateway into North America. Over 90 airlines operate from the airport, with nonstop or direct flights to destinations in all six inhabited continents. JFK is located in the Jamaica neighborhood of Queens, southeast of Midtown Manhattan. The airport features six passenger terminals and four runways. It is primarily accessible via car, bus, shuttle, or other vehicle transit via the JFK Expressway or Interstate 678 (Van Wyck Expressway), or via train. JFK is a hub for both American Airlines and Delta Air Lines, as well as the primary operating base for JetBlue. JFK is also a former hub for Braniff, Eastern, National, Northwest, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
