Adam Air hits severe financial problems; may be shut down in three weeks

Monday, March 17, 2008

This B737-400 is roughly comparable to the aircraft involved in all the accidents mentioned in this story.

Indonesian budget airline Adam Air has been given a three-week ultimatum by the authorities to prove its economic stability or its license will be revoked, said Transportation Minister Jusman Djamal. This is because major financial difficulties have become apparent today, with two major shareholders pulling out of the company.

PT Global Transport Service (GTS) and Bright Star Perkasa, who between them own a 50% stake in the company, have decided to sell back all their shares to their original owners, who control the other 50%. These are the family of founder Adam Suherman and Sandra Ang.

The companies invested in the airline last year, when the company was struggling after the New Year’s Day disappearance of Adam Air Flight 574 with 102 on board. The Boeing 737 (B737) was ultimately determined to have crashed into the sea near Sulawesi, and all on board are presumed dead. Shortly afterwards, Adam Air Flight 172, another B737, snapped in half during a hard landing, but held together preventing fatalities. These were not the first serious accidents for the company, as in February 2006 Flight 782 became lost for several hours after navigation systems failed and the plane entered a radar blackspot, forcing a subsequent emergency landing many miles from the intended route. The given reasons for the withdrawal are a lack of improvement in safety and financial irregularities.

The company has now also defaulted on debt payments to aircraft lease firms, resulting in 12 of their 22 planes being seized, and has cut the number of routes served from 52 to 12. The remaining ten planes are also in default and at risk of seizure. Adam Air owes leasing companies US$14 million compared to free capital of $4.8 million of free capital. They have agreed to buy back shares gradually for $11 million (100 billion rupiah), $6 million less than the investment firms paid for them. The cost difference will be borne by Harry Tanoesoedibyo’s family, the founder of PT Bhakti Investama, of which GTS is a wholly owned subsidiary. The companies have also lost 157 billion rupiah worth of investment in the company since the April 2007 deal. 9,325 Rupiah are currently worth US$1.

GTS director Gustiono Kustianto said that “Since we joined, our priority has been safety” but that Adam Air’s management had been unresponsive to pressure from the new investors to improve its poor record. Last weeek another company B737 shot off the runway during landing, damaging the plane and injuring five.

Lawyer Marx Andryan of Hotman Paris Hutapea, representing the investment firms, said they have documents proving the company has not adequatly seen to pilot recruitment, maintenance and insurance.

Suherman said “We have defaulted and the investors have done nothing about it. We’ll continue to operate as long as we have planes,” adding that there are no current plans to declare bankruptcy.

“Out of 22 planes, now we only have 10 because 12 of them have been declared in default. The other 10 have been declared in default as well, but I’m still trying to work out a way to restructure the payments,” he told Reuters. He went on to say that a cash injection is required, and that “There is a possibility starting on March 21 Adam Air will temporarily cease operations until there is a decision from the shareholders regarding the insurance premium.”

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2008 TaiSPO: Interview with Ideal Bike Corporation and Gary Silva

Friday, March 28, 2008

2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.

Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.

For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.

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Category:Food

This is the category for food.

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  • 14 April 2017: Google blocks home device from responding to Burger King commercial
  • 1 January 2017: William Salice, creator of Kinder Surprise eggs, dies at 83
  • 3 December 2016: Chinese chef Peng Chang-kuei’s death announced
  • 5 October 2016: World Wildlife Fund: 75% of seafood species consumed in Singapore not caught sustainably
  • 14 September 2016: Scientists claim decrease in hotness of Bhut Jolokia
  • 17 October 2015: Police shut down Edmonton pizza restaurant for illegally delivering alcohol
  • 16 September 2015: Subway sandwich empire co-founder Fred DeLuca dies
  • 30 August 2013: UK beer, soft drinks delivery drivers vote to strike
  • 7 August 2013: Russian government homosexuality position leads to NYC Russian vodka boycott
  • 12 May 2013: Fifth Expo Gastronomía finishes in Caracas
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Oral Roberts University accountant claims he was ordered to “cook the books”

Wednesday, November 21, 2007

A former accountant for Oral Roberts University (ORU) has filed a lawsuit against ORU and its Board of Regents claiming he was told by Richard Roberts and his wife Lindsay to “cook the books”, hiding financial wrongdoing from authorities and the public. Trent Huddleston, the accountant, has filed suit against the school and the Robertses claiming he “was improperly and unlawfully directed to perform functions and duties in violation of state and federal law in an effort by the defendants to ‘cook the books’ and hide from the appropriate authorities and the public the continued wrongdoing, improper and illegal conduct of the defendants, and in particular, of Richard and Lindsay Roberts.”

Huddleston said that nearly $123,000 in remodeling fees for their home was paid by Oral Roberts University and Oral Roberts Ministries. In addition the lawsuit alleges $4,000 was spent on a pool table for the Robertses. Previously the Roberts were accused of illegal political and financial wrongdoing, which forced the president to step down from his positison.

Last week at a meeting called by Oral Roberts, founder of the University and former faith healer, a majority of the faculty voted against allowing Richard to serve as president.

An ORU spokesman declined to comment on latest lawsuit and the faculty meeting.

In other news, Tulsa World released emails between Richard and his political adviser and sister-in-law, Stephanie Cantees. The emails given by an anonymous source, show the two plan to gain political influence using ORU students.

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Category:Abdelbaset al-Megrahi

This is the category for Abdelbaset al-Megrahi, a Libyan convicted for the Lockerbie bombing.

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  • 23 May 2012: Lockerbie convict Abdelbaset Ali al-Megrahi buried after dying at Libyan home
  • 21 October 2009: Scottish lawyer denies death of Lockerbie bomber Abdelbaset Ali al-Megrahi
  • 2 September 2009: UK denies pressuring Scotland into Lockerbie release
  • 20 August 2009: Lockerbie bomber Abdelbaset Ali al-Megrahi released on compassionate grounds
  • 18 August 2009: Lockerbie bombing appeal dropped
  • 15 August 2009: Abdelbaset Ali al-Megrahi moves to drop Lockerbie bombing appeal
  • 11 August 2009: Scotland denies bail to terminally ill man convicted of Lockerbie bombing
  • 11 August 2009: Lockerbie convict’s family among protesters for justice in Edinburgh
  • 21 December 2008: 20 years on: Lockerbie victims’ group head talks to Wikinews
  • 25 June 2007: Scottish Criminal Cases Review Commission to review Pan Am Flight 103 conviction

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Libya frees foreign HIV medics

Tuesday, July 24, 2007

Libya has freed six foreign medical personnel who were convicted of infecting hundreds of Libyan children with HIV and sentenced to death. In jail since 1999, the five Bulgarian nurses and one Palestinian doctor arrived in Sofia, Bulgaria, today. The president of Bulgaria, Georgi Parvanov, promptly pardoned them.

All six have maintained their innocence throughout. They have also claimed that they suffered torture to extract confessions. International HIV experts testified at the trials that the infections began before the six arrived at the Benghazi hospital. They said the infections were more likely the result of poor hygiene.

Last week, Libya lifted the death sentences following a US$460 million financial settlement, which works out to US$1 million to each HIV victim’s family. However, Libya insisted on further concessions on relations with the European Union and aid.

A deal between the E.U. and Libya, mediated by Qatar, ended the diplomatic standoff. The foreign minister of Libya, Abdel Rahman Shalgham, said the E.U. promised to provide “life-long treatment” to the infected children, as well as aid to “improve the Benghazi hospital” where the children were infected. Further, he claimed that deal will allow for “full cooperation and partnership between Libya and the European Union.”

“We hope to go on further [in] normalising our relations with Libya. Our relations with Libya were to a large extent blocked by the non-settlement of this medics issue,” said José Manuel Barroso, President of the European Commission.

The president of France, Nicolas Sarkozy, said that neither the E.U. nor France paid money to Libya. He also said he would visit Libya on Wednesday to help Tripoli’s reintegration. “I can quite simply confirm to you that neither Europe nor France have made the slightest financial contribution to Libya,” said Sarkozy to reporters in Paris. “I have had the opportunity to thank the Qatari authorities very warmly for their mediation and their humanitarian intervention.”

Benita Ferrero-Waldner, the European Commissioner for External Relations, said: “I share the joy of their families and friends and of the government and people of Bulgaria. For over eight years, we have never forgotten the suffering of the medical staff who have shown such dignity and fortitude during their long ordeal.”

“Now I still can’t believe that I am standing on Bulgarian soil. We were told the news at four o’clock in the morning and we left the jail at quarter to six to board the plane. Now I will try to get my previous life back,” said Kristiyana Vulcheva, 48, upon her release at the airport.

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Cadillac unveils Obama’s ‘Beast’, the 2009 Presidential State Car

Saturday, January 17, 2009

The US Secret Service has released the first photos Wednesday of the new presidential limousine that will transport Barack Obama down Pennsylvania Avenue next Tuesday as part of the 56th Presidential inaugural parade after he is sworn in at the Capitol. The First Limo – the 2009 Cadillac Presidential Limousine – will replace President Bush’s Cadillac DTS Presidential Limousine that rolled out in 2004.

Nicknamed “The Beast”, the hulking machine is a new model year 2009, modified limousine. According to General Motors, the new “2009 Cadillac Presidential Limousine” is the first not to carry a specific model name. The Obama Mobile was introduced on January 14 with noticeably different styling borrowed from the Cadillac Escalade and STS, while the suspension is most likely related to the Chevrolet Kodiak medium-duty truck.

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Mr. David Caldwell of General Motors has revealed that the sleek black car would include a hand-crafted interior and “state of the art electronics.” The car’s high-tech security features include five-inch-thick (12.7-centimeter-thick) bombproof glass, tough-as-nails tires, and a sealed interior that’s invulnerable to chemical attack. The armoured limousine has been heavily modified to withstand potential attacks by weapons or bombs. The San Francisco Chronicle puts it in a proper perspective noting, “a half-inch of transparent armor is enough to stop a .44 Magnum round at point-blank range; at a thickness of 1 1/4 to 1 1/2 inches, the same material can withstand higher-velocity bullets fired from military assault rifles.”

According to spy photographer, Brenda Priddy, and General Motors, the limousine, which has the intricate, dual-textured grille, is also equipped with standard Goodyear Regional RHS truck tires in a 285/70R19.5 size, on 19.5-inch wheels. The rims have a run-flat device (manufactured by Hutchinson Industries). Xenon headlights from the Escalade are installed in the front, while the rear has some STS part. The doors are at least 20 centimeters (8 inches) thick. It carries the US flag on the front fenders and an embroidered Seal of the President of the United States is affixed to several panels in the back.

According to the US Secret Service, the vehicle would be a “valuable asset” in providing the President with the highest level of protection. “Although many of the vehicle’s security enhancements cannot be discussed, it is safe to say that this car’s security and coded communications systems make it the most technologically advanced protection vehicle in the world,” Nicholas Trotta, Assistant Director for the Office of Protective Operations said in a statement. The new limousine is the responsibility of White House Transportation Agency.

One of the specifications is that we don’t talk about the specifications.

The Presidential State Car is the official state car used by the President of the United States. It is informally known as “Cadillac One”. The current Presidential State Car is a 2005 hand-crafted, armored, and stretched DTS (DeVille Touring Sedan) built on a GM four-wheel drive platform. It was first used on the second inauguration parade of George W. Bush in 2005. But the version to be used by President Obama uses a GMC Topkick chassis, while maintaining the Cadillac exterior.

The President of the United States travels in one of two armoured Cadillac limousines based upon the normal sedan, the Cadillac DTS, with heavy customisation. Lincoln cars have also been used in the past, most notably by President John F Kennedy. The current limousines were custom-built by O’Gara, Hess and Eisenhart, founded in Fairfield, Ohio in 1942. It specializes in armouring limousines for presidents and heads of state.

President William McKinley was the first US president to ride in an automobile. However, it was President Theodore Roosevelt who rode on the first government-owned car, a white Stanley Steamer. Roosevelt’s successor, William Howard Taft, was the first president to use a presidential state car that was permanently stored in the White House garage.

Meanwhile, Obama’s 2005 Chrysler 300C Hemi was auctioned on eBay with a starting bid of $100,000 and a buy-it-now price of $1,000,000. It has less than 21,000 miles on it and is in like-new condition. He leased the car in 2004 and traded it for a Ford Escape Hybrid in 2007. The car was sold to Tim O’Boyle.

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Ed Sheeran wins Song of Year Grammy for Thinking Out Loud

Tuesday, February 16, 2016

Yesterday, UK singer Ed Sheeran won the Grammy Award for Song of the Year for his song Thinking Out Loud from his album × ahead of Kendrick Lamar’s Alright; Wiz Khalifa’s, featuring Charlie Puth, See You Again; Little Big Town’s Girl Crush; and Taylor Swift’s Blank Space. Girl Crush won the Grammy Award for Best Country Song.

Welsh singer Amy Wadge co-wrote the song. Sheeran during the ceremony said they wrote the song on a couch in his house. In remarks to the Western Mail, Wadge said the album was already complete when they wrote the song.

Thinking out Loud remained #2 on Billboard Hot 100 for almost two months, and topped the UK rankings last year. Its video song has 969 Million YouTube views and has more than four million likes. The song also won the Grammy Award for Best Pop Solo Performance.

US singer Stevie Wonder announced the winner for the Song of the Year, and the envelope was written in Braille script. He joked about it saying “You can’t read it, you can’t read Braille!”

Along with Ed Sheeran’s first Grammy, Canadians The Weeknd and Justin Bieber won Grammy awards for the first time.

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Wikinews reports from 2008 Taiwan Open Source Developers’ Conference

Sunday, April 13, 2008

Developers involved in open source products across Taiwan gathered together at the 2008 Taiwan Open Source Development Conference on Saturday and Sunday to present a variety of research relevant to the open-source community.

A variety of different issues were discussed at the conference, including 3D Graphical User Interfaces,web developing tools, new software platforms,and various hardware. Google, Yahoo, and Canonical also gave talks about Google Gears, Yahoo UI, and Ubuntu Mobile.

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Lockerbie bomber Abdelbaset Ali al-Megrahi released on compassionate grounds

Thursday, August 20, 2009

Abdelbaset Ali al-Megrahi, the only individual convicted in connection with the bombing of Pan Am Flight 103 in 1988, has been released by Scottish Justice Secretary Kenny MacAskill, on compassionate grounds.

Megrahi is suffering from terminal prostate cancer and will be allowed to return to his home country of Libya.

270 people were killed when, on December 21, 1988, the Pan-Am flight from London’s Heathrow Airport to New York’s John F. Kennedy International Airport was destroyed by a bomb whilst in flight over southern Scotland.

A police convoy escorted Megrahi from his former prison home in HMP Greenock to Glasgow Airport, where he boarded an Afriqiyah Airways flight to Tripoli. He was told he could not remain in Scotland on security grounds.

In announcing the release on compassionate grounds, Justice Secretary MacAskill stated, “Al-Megrahi now faces a sentence imposed by a higher power. It is one that no court in any jurisdiction could revoke or overrule. It is terminal, final and irrevocable. He is going to die”.

The UK families are united in believing that the full independent enquiry for which we have been asking since 1989 should now take place

The conviction remains controversial. Last year then-president of US group Victims of Pan Am Flight 103 told Wikinews that the vast majority were satisfied in Megrahi’s guilt. UK Families Flight 103 painted a very different picture to Wikinews of the opinions in Britain: “UK Families have different views about Megrahi’s guilt or innocence. Certainly some, including my husband and I, believe that we are not in a position to make a judgment about whether he was involved in some way or not,” said group coordinator Jean Berkley, whose son was killed. “Much of the evidence at the trial was circumstantial and confusing and it is a fact that the Scottish Criminal Cases Review Commission, after considering the matter for three years, came to the conclusion that there were grounds for appeal. The UK families are united in believing that the full independent inquiry for which we have been asking since 1989 should now take place, to deal with the many unanswered questions and enable the evidence which would have emerged from the now abandoned appeal to be made public.” This is in sharp contrast to The Daily Telegraph, which earlier reported that the majority of British families felt Megrahi was innocent.

The United States government had been strongly opposed to any possible release. US Secretary of State Hillary Clinton had previously called the possibility “absolutely wrong”. MacAskill sought to justify the decision by commenting that “Compassion and mercy are about upholding the beliefs th[at] we seek to live by, remaining true to our values as a people – no matter the severity of the provocation or the atrocity perpetrated.”

Megrahi issued a statement shortly before leaving HMP Greenock in which he maintained his innocence. “The remaining days of my life are being lived under the shadow of the wrongness of my conviction. I have been faced with an appalling choice: to risk dying in prison in the hope that my name is cleared posthumously or to return home still carrying the weight of the guilty verdict, which will never now be lifted. The choice which I made is a matter of sorrow, disappointment and anger, which I fear I will never overcome,” said Megrahi.

I want him returned from Scotland the same way my wife Lorraine was and that would be in a box

Robert Gibbs, press secretary for the White House, said “The United States deeply regrets the decision by the Scottish Executive to release Abdel Basset Mohamed al-Megrahi. As we have expressed repeatedly to officials of the government of the United Kingdom and to Scottish authorities, we continue to believe that Megrahi should serve out his sentence in Scotland.” Many US victims have also reacted with anger.

Many US victims’ families have reacted with anger. One relative commented that “This might sound crude or blunt, but I want him returned from Scotland the same way my wife Lorraine was and that would be in a box.” Dr. Jim Swire, a UK victim, disagreed, saying Megrahi had “nothing to do with” the disaster and calling the earlier dropping of the appeal “a blow to those of us who seek the truth.”

Megrahi’s plane was greeted by crowds in Tripoli waving both Libyan and Scottish flags. Seif al-Islam, son of Libyan leader Moamer Kadhafi, held his hand as he exited the aircraft amid heavy security. Loudspeakers broadcast patriotic music and it is reported that celebrations are ongoing in Tripoli.

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