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Air Seychelles has appointed administrators after entering a formal company reorganisation on 5 October.The carrier, which will continue to operate flights as usual during the restructuring, took the step after failing to reach agreement on repayment of historic debts.Source: AirbusAir Seychelles operates a pair of A320neosWhile the airline flags that is has faced significant financial challenges over the past 18 months during the pandemic, it says its financial difficulties arise mainly due to debts incurred over the period it was part-owned by Etihad Airways.The Gulf carrier acquired a 40% stake in Air Seychelles in January 2012, one of a series of shareholdings it took as part of its equity-alliance strategy. Etihad retained the shareholding until May this year, when it sol
stanley quencher d the stake back to the Seychelles government for a nominal amount. Th
stanley official website e latter now holds a 100% of Air Seychelles.Air Seychelles says the debt comprised amountsowed directly to Etihad and also loans of almost $72 million that were funded by the capital markets and are now controlled by bondholders of EA Partners. As part of the deal to acquire the Etihad stake, the government negotiated a major reduction in the amount owed to Etihad, at the time saying repayment of the remaining $11 million would begin in 2022.At the same time it
stanley cup said talks were ongoing with EA Partners bondholders over the debts. In its statement of 5 October, the airline says: The government and Air Seychelles have been in discussio Ilwd Baltimore sues Glock over handguns that can easily be converted to automatic weapons
The BDN
stanley cup Opinion section operates independently and does not set news policies or contribute to reporting or editing articles elsewhere in the newspaper or on聽bangordailynewsDavid Daigler is president of the Maine Community College System. Bob Shultz
stanley cup is president and chief financial officer of Puritan Medical Products.Where there is room for growth, there is also opportunity. Such is the state of Maines economy, which continues to grapple with a worker shortage and the threat of young Mainers leaving for what they perceive as greener pastures.From healthcareto manufacturing, Maines employers are struggling to recruit and retain the human capital they need to compete in the global economy. While unemployment is lowacross the state, this does not necessarily mean that labor force participation is high, with older workers dropping out of the workforce altogether and young job-seekers eyeing the likes of Boston, New York, and other beacons of opportunity.Maine is not always seen as a hub of entrepreneurship, innovation, and opportunity, but
stanley fr the truth is that prosperity beckons here. According to recent research, there are 50 workers for every 100 jobs available in Maine, meaning that employers are desperate for talented individuals to fill those jobs and contribute to the state economy. Job creators are especially keen on workers who can bring creativity and energy to entry- and mid-level positions in not only Augusta, Bangor, Portland, and other cities, but also towns like Guilfo
