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BAHAMIAN aviation law specialist, Llewellyn Boyer-Cartwright, is among 25 lawyers worldwide to be invited to a meeting dealing with aircraft leasing and mushrooming demand for specialised aircraft financing in Washington DC this month.
COPA Airlines' performance is still holding strong, according to tourism director-general David Johnson, who told Tribune Business yesterday that through the months of March and April 2012 it was averaging load factors in the 80 per cents and above.
KERZNER International has "fired the gun" on what is expected to be a $60-$65 million capital investment programme at the Atlantis resort in 2012, its Bahamian head saying performance targets set by the new owners would not involve "miracle work" to meet them.
BAHAMIAN-owned commercial banks will have to phase out and replace some $130 million in collective preference share capital over the next decade, a task that has been described as a "significant change but not onerous".
KERZNER International's completed $2.5 billion debt restructuring will pave the way to "a new take-off to even much greater heights" for its former Paradise Island properties, the minister of tourism and aviation believes, with the Government having all the Bahamian employment and tourism economy safeguards it wanted.
THE British Colonial Hilton has seen a positive performance this year in all segments of its business, an executive telling Tribune Business that it had recently spent $1 million to improve its product offering.
PRIVATE sector leaders have hailed the Government's achievement in getting the new Atlantis and One & Only Ocean Club owners to commit to maintaining a minimum 8,000 employee level on Paradise Island as "exceptional", adding that this and other assurances seemed to be "a win-win for all concerned" in the short-term at least.
MOST economic textbooks tell us there are a number of different types of enterprise - sole proprietorships, partnerships, private and public liability companies, corporations and the Government.
BUILDING material and supplies companies say sales continue to remain relatively flat, with one executive claiming that Bahamians are being completely shut off from big projects.
THE Government has been urged to be more specific on the scope of job security provided to Kerzner International's 8,000 employees on Paradise Island in the resurrected 'debt-for-equity' swap deal with Brookfield Asset Management.
SMALL and Medium-Sized Enterprise (SME) owners must carefully review all political parties' platforms for the upcoming May 7, 2012, general election. SME owners must determine which political party best articulates strategies that will develop the SME sector, and grow and diversify the economy of the Bahamas.
THE Nassau Airport Development Company (NAD) yesterday told Tribune Business it had now raised "almost $900 million" via six separate financial transactions, having just closed the final $225 million round to fund Lynden Pindling International Airport's (LPIA) $409.5 million redevelopment.
WITH Bahamian hotels suffering a 24 per cent year-over-year increase in electricity costs for January 2012, a senior industry executive yesterday warned that energy prices were the "Achilles heel" for the sector and wider business community, urging this nation to press "the priority button" in tackling the issue.
TOUR companies are going to be hurt "big time", and some may end up going broke if fuel prices continue to rise, a leading operator telling Tribune Business yesterday that "our fuel costs have gone through the roof".
A WINE boutique will now complement the gourmet Balduccino Fine Foods deli, its general manager, Anton Alexiou, telling Tribune Business yesterday that over $250,000 had been invested into the venture that would likely create six additional jobs.
CITY Markets' principal yesterday said "there's no question" that a Joint Venture partnership with BISX-listed AML Foods would have been secured if he had been negotiating solely with the latter's chairman, while confirming that the Finlayson family had initially sought Board control.
THIS week's article is directed more towards Internet entrepreneurs, although the comparisons to land-based businesses are there, too. Besides, many Bahamians are already out there on the web, and their businesses are starting to attract good resale prices, too.
PROPERTIES listed on the Bahamas Real Estate Association's (BREA) multiple listing service (MLS) will now benefit from 'global exposure' through their listing on the popular US real estate site, Realtor.com, which has 12 million hits per month.
SKY Bahamas' principals yesterday told Tribune Business they completely "deny" allegations by a former executive of the airline that they conspired to squeeze him out of his equity stake in the company, and recorded incorrect shareholdings in the Companies Registry.
THE 11.2 per cent air arrivals growth rate achieved by the Bahamian tourism industry during the 2012 first quarter "is the third best on record", the minister of tourism and aviation said yesterday, revealing that he was working on plans to "eke out more business" in the traditionally slow September/October period.
THE Bimini Bay Resort's developers yesterday said they were aiming to transform Bimini into "The Hamptons of the Bahamas" via their next $250 million development phase, a project that could potentially generate several hundred full-time jobs for Bahamians.
THE 374-room Bimini Bay Resort is projecting 10 per cent year-over-year occupancy growth in 2012, a senior executive telling Tribune Business yesterday that its developers had invested around $290 million in its build out to-date.
MAJOR Bahamas-based businesses yesterday said that have seen electricity costs surge as much as 15-30 per cent year-over-year during 2012 to-date, one telling Tribune Business the issue was the "biggest deterrent" to getting into - and running - a company.
IT CREPT like a spider, softly climbing up our back. Suddenly, it appeared in front of our eyes: big and black, poised to strike.
A SCHEDULED maintenance of the radar system at Lynden Pindling International Airport (LPIA) has been pushed back to avoid heavy delays during the busy Exuma regatta weekend, aviation officials said yesterday, which was welcome news for airline executives looking to capitalise on the peak period.