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Vermont tourism official Hakins joins The Essex Resort & Spa

first_imgThe Essex, Vermont s Culinary Resort & Spa, has expanded its management team by hiring a leading statewide tourism sales executive. Dave Hakins, former Executive Director of the Vermont Convention Bureau (VCB) and Vermont Sports & Events Council (VSEC), has joined The Essex as Director of Business Development. We re fortunate to attract a sales pro of Dave s caliber and experience to introduce new sales programs and to identify new markets to leverage our exciting assets, said Jim Glanville, Vice President & General Manager of The Essex. We plan to prosper in this difficult environment by continuing to make smart hiring and expansion decisions.  Before leading VCB and VSEC, Hakins was Director of Sales and Promotion for the Vermont Department of Tourism & Marketing in Governor Jim Douglas administration. Hakins is a member of the Management Committee of the Vermont Hospitality Council, member of the Champlain College adjunct faculty in Hospitality Industry Management, lectures on hospitality management at the University of Vermont, and writes and speaks extensively on group travel, conference-planning and event-marketing. Before returning to his native Vermont a few years ago, Hakins was CEO of a nationally acclaimed meeting, conference and event-planning firm in New Jersey with a Fortune 100 client roster for nearly 20 years and Vice President of Corporate Promotion for Chase Manhattan Bank in New York for eight years prior.Source: The Essex.last_img read more

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Navajo company to buy bankrupt Cloud Peak coal mines in Wyoming

first_imgNavajo company to buy bankrupt Cloud Peak coal mines in Wyoming FacebookTwitterLinkedInEmailPrint分享Gillette News Record:Cloud Peak Energy Corp., one of the Powder River Basin’s largest coal mine operators, has accepted a bid from Navajo Transitional Energy Co. to buy “substantially all of Cloud Peak Energy’s assets.” Cloud Peak announced the sale Friday, which will be considered for approval by the U.S. Bankruptcy Court on Monday.Navajo Transitional Energy has agreed to buy the company’s Antelope and Cordero Rojo mines in Campbell County, along with the Spring Creek mine in southern Montana, according to a Cloud Peak statement announcing the winning bidder. Navajo also will own the Sequatchie Valley reclamation project.Navajo has agreed to pay a cash deposit of $15.7 million when the sale closes and assume a $40 million second lien promissory note and five-year royalty on future tons of coal produced at the PRB mines. Navajo also will pay up to $20 million in post-petition debts accrued during the bankruptcy process. The company also has agreed to assume pre- and post-petition federal, state and local tax liabilities for the company, make state and federal royalty payments and assume all reclamation obligations.While it’s unknown what Navajo Transitional’s plans are for the PRB mines, that it bought all three operational properties and that the deal includes royalties based on future production, “[What] they’re saying is they’re assuming they can operate them and generate enough cash flow to make those commitments,” said Rob Godby, director of the Center for Energy Economics and Public Policy at the University of Wyoming College of Business.Because the Navajo Nation governs itself, it also could have some tax advantages as operator of the mines, which could make them more competitive, he said. “One of the things about the Navajo bid is they probably have favorable tax status for Native corporations,” he said. “What they’re potentially looking at having there is an interesting proposition. The bottom line is they assume they can make cash flow there, so that may replace some of the earnings they’ll lose on the Navajo power plant.”More: Cloud Peak has buyer for PRB mineslast_img read more

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Boeing scores deals to deliver more than 1,000 missiles to Saudi

first_imgBoeing has been awarded two contracts worth more than US$2 billion for the delivery of more than 1,000 air-to-surface and anti-ship missiles to Saudi Arabia, the Pentagon said Wednesday.A first contract, worth $1.97 billion, is for the modernization of SLAM ER cruise missiles as well as delivery of 650 new missiles “in support of the government of Saudi Arabia,” it said.The contract is to be completed by December 2028 for the SLAM ERs, a GPS-guided air-to-surface missile with a range of up to 155 nautical miles (approximately 180 miles, 290 kilometers). The Pentagon also announced a more than $650 million contract for delivery of 467 new Harpoon Block II anti-ship missiles, including more than 400 to Saudi Arabia.The others will be delivered to Brazil, Qatar and Thailand. Support equipment will be supplied to India, Japan, the Netherlands and South Korea, the statement said.In a separate statement, Boeing said the new contracts would ensure the continuation of the Harpoon program through 2026 and restart the SLAM ER production line.Boeing, which said it delivered its last SLAM ER weapon system in 2008, put the total of the contracts at $3.1 billion. A spokeswoman said that included a previously announced order.Topics :last_img read more

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