CCC, DHC and USAF team up to provide vital aircraft to Guatemala
The Twin Otter Classic 300-G is the latest generation of De Havilland Canada's iconic utility aircraft. Designed for short takeoff and landing (STOL) operations, the aircraft is ideal for reaching remote and hard-to-access regions — a key requirement for humanitarian missions. The Twin Otter is operated by more than 60 military and government organizations worldwide. It has earned a reputation as one of the world's most dependable aircraft, with more than 160 million flight hours to date.
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Canada News.Net
a day ago
- Canada News.Net
U.S. brands pass tariff costs to consumers as sales strain
WASHINGTON, D.C.: President Donald Trump's tariff policy is now taking effect, and many companies are signaling who will absorb the cost: everyday American shoppers. Retailers and consumer goods makers had long warned that new import levies would squeeze margins and force tough decisions. For many, that moment has arrived. Some firms are bracing for lower earnings, while others are choosing to pass higher costs directly to consumers, and in several cases, both. Procter & Gamble warned of a challenging 2025 outlook and informed major retailers like Walmart that price hikes on U.S. goods would begin next week. The company said it would raise prices on roughly a quarter of its U.S. product range, including everyday staples like Bounty paper towels and Tide detergent. A spokesperson confirmed that increases would be in the mid-single-digit range across categories. The pressure isn't limited to P&G. Since Trump's April 2 "Liberation Day" tariff announcement, consumer goods companies have taken a hit: P&G shares are down 19 percent, Nestlé has fallen 20 percent, Kimberly-Clark is off 11 percent, and PepsiCo has declined nearly seven percent — even as the S&P 500 has climbed over 13 percent. Many brands are grappling with lukewarm post-pandemic sales as consumers grow more selective about spending on premium products. Nestlé noted last week that North American shoppers remain hesitant to pay higher prices at checkout. This environment of tighter wallets and rising input costs is fueling investor concerns. "You're going to see companies like Walmart, Amazon, and Best Buy forced to pass price increases to consumers," said Bill George, former Medtronic CEO and fellow at Harvard Business School. "Main Street has yet to see the fallout from increased tariffs — and they're going to go higher." Between July 16 and 25, companies tracked by Reuters estimated they could lose between US$7.1 billion and $8.3 billion in total this year due to tariffs. Automakers like GM and Ford have so far absorbed billions in extra costs but may not be able to continue doing so indefinitely. Some firms prepared by stockpiling goods ahead of the tariff deadline. Analysts say that this may have delayed price hikes and prevented tariffs from immediately reflecting in inflation data. But once inventories thin, the cost impact is likely to show up — perhaps as soon as the fourth quarter. Luxury brands have moved more quickly. EssilorLuxottica, which makes Ray-Ban sunglasses, and Swatch, the Swiss watchmaker, have already raised prices. Swatch CEO Nick Hayek noted the company increased prices by about five percent with "zero impact" on sales. He added that high-end customers may simply shift purchases to overseas markets with lower taxes. "You cannot do this with cars. You cannot do this with machines. But you can do this with watches. So it's not so problematic for us," Hayek said.
Vancouver Sun
2 days ago
- Vancouver Sun
The world's biggest passenger planes keep breaking down
The world's largest commercial passenger jet, the Airbus SE A380, enjoyed an unexpected resurgence hauling full loads of passengers when global travel rebounded after the pandemic. But keeping the ageing superjumbo safely airborne is becoming an increasingly expensive headache for airlines. Two decades after its maiden flight, regulatory bulletins ordering repairs, inspections or replacement parts for the massive four-engined plane are piling up. While some are procedural, such as a demand for timely equipment checks, others are more serious. Leaking escape slides, cracked seals and a ruptured landing-gear axle feature among 95 airworthiness directives for the A380 listed by the European Union Aviation Safety Agency since January 2020. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. That's about double the number of directives for large Boeing Co. aircraft in the same period. With newer, more fuel-efficient jets in short supply, airlines committed to the twin-deck A380 have little choice but to keep flying it. In its youth, the A380 was a triumph of international collaboration, with 4 million parts made by 1,500 companies worldwide. Now, in old age, the aircraft's complexity is testing aviation's fractured supply chains in the post-Covid era. 'The A380 is a complex aeroplane whose scale does make it more demanding to maintain compared to other aircraft,' the European Union Aviation Safety Agency said in a statement. 'It is very important for safety that there is no stigma attached to publishing an airworthiness directive -– safety must come first.' The agency said such directives, which mandate actions to make an aircraft safe, 'can vary hugely in scope and urgency.' The volume of airworthiness directives for different planes 'is not a good basis for comparison,' EASA said. However, with the capacity to carry 485 passengers or more, delays caused by mechanical failures can be costly and create a cascade of scheduling headaches. A Qantas Airways Ltd. A380 on the flagship Sydney-London route broke down in Singapore on May 7 with fuel-pump problems. The onward flight to London was pushed back more than 24 hours and passengers accommodated in hotels. That was at least the second fuel-pump issue to delay QF1 in Singapore since Qantas reactivated its A380s. More recently, Qantas passengers who were due to depart Singapore on July 14 for Sydney on an A380 were delayed for days because of technical difficulties. Plans to retrieve them sooner were complicated by damage to another A380 at Sydney airport, when an aerobridge slammed into one of the engines. A British Airways A380, G-XLEB, recently spent more than 100 days in Manila. After returning to London Heathrow in mid-June, it flew just seven days of the next 30, according to Flightradar24. Still, IAG SA-owned British Airways from next year will embark on an interior upgrade program, including overhauling A380 cabins, suggesting the airline will keep flying the plane for years. For airlines using the A380, large-capacity alternatives are scarce. Boeing's new 777X is years behind schedule and Airbus can't make long-haul A350s fast enough. Meanwhile, A380 operators are left with an out-of-production superjumbo that will only become more needy and more expensive to run. In online aviation forums, some services are gaining a name for breakdowns, cancellations or overnight delays. In a statement, Airbus said the A380 'continues to operate scheduled services with a high level of operational reliability, standing at 99% for the global fleet over the past 12 months. Airbus is committed to providing full technical support to customers to ensure that they can optimize operations with their A380 fleets, and this will continue as long as the aircraft remains in service.' Meanwhile, A380s are taking up space and manpower in workshops around the world, exacerbating a shortage of repair facilities for the wider commercial fleet. A comprehensive check of the massive plane can consume 60,000 hours of labor, according to aircraft repairer Lufthansa Technik. Qantas is sending some double-deckers to Dresden in Germany to be overhauled; British Airways flies its to Manila for repairs; and Emirates, the world's biggest operator of A380s, maintains some in China. Some of the aircraft's recent faults stem from prolonged periods on the ground during the pandemic, when airlines parked their A380s in the Californian desert, central Spain or the Australian outback. An airworthiness directive from the European Union Aviation Safety Agency on May 16 ordered emergency inflatable escape slides to be replaced. Glued seams had split, probably due to exposure to moisture and heat during storage. The fault could have fatal consequences, EASA said. On April 7, EASA ordered inspections on A380s after cracked sealant was found on fittings attaching the landing gear to the wings. A directive in April last year required some landing gear axles to be replaced after a rupture on a plane that had been in storage since 2020. The future of the A380 was already in doubt when Covid-19 halted global travel in early 2020. The year before, Airbus had killed off production after underwhelming sales. When COVID-19 receded and borders reopened, the A380 suddenly found new purpose. Travel boomed and carriers including Singapore Airlines Ltd., Deutsche Lufthansa AG and Qantas once again embraced the plane's unrivaled carrying power. In a statement, British Airways called the A380 'a vital part of our long-haul fleet. Through working closely with Airbus, we've seen consistent year-on-year improvements in its reliability.' Qantas said the plane 'is a key part of our international network, and we'll continue to fly them for years to come. All Qantas A380s have gone through a scheduled major maintenance overhaul in recent years, as well as significant upgrades to the cabin interiors.' Other A380 operators were reluctant to provide specific details. Asiana Airlines Inc. said 'issues related to aircraft operations and maintenance are difficult to disclose externally.' Korean Air Lines Co. said it 'maintains its A380 fleet to the highest safety standards, in strict accordance with all regulatory requirements and manufacturer guidelines.' Singapore Airlines said its 12 A380s are important to operations but it was 'unable to comment on specifics.' The company said it works closely with 'Airbus and our suppliers to ensure the ongoing reliability and serviceability of our A380 fleet.' To be sure, the A380 still has fans. Emirates, which has cannibalized some A380s for spare parts, plans to keep flying the aircraft until the end of next decade. The airline's president, Tim Clark, has likened the jet to a huge vacuum cleaner capable of gobbling up passengers like no other plane. Reliability issues are the latest twist for a superjumbo that has almost always been divisive. Passengers still love the A380's cavernous interiors and audacious scale. Airlines wrestle with its logistics needs — from longer runways to extra-large hangars — as well as the mechanical dramas. Supply chain constraints have increased the price of parts, servicing and engine repairs on all major aircraft, said Eddy Pieniazek, Ishka's head of advisory. 'With the A380 being of its size and having four engines, this escalation in maintenance costs has become even more noticeable,' said Pieniazek.
Cision Canada
3 days ago
- Cision Canada
First and Goal Capital Corp. Enters into Binding Letter of Intent for Qualifying Transaction on Arizona Copper Project
TORONTO, July 30, 2025 /CNW/ - First and Goal Capital Corp. (TSXV: FGCC.P) (" F&G" or the " Company") and Copper Bullet Mines Inc. (" CBMI") are pleased to announce that they have entered into a binding letter of intent dated July 28, 2025 (the " LOI"), pursuant to which F&G and CBMI intend to complete a business combination or other similarly structured transaction which will constitute a reverse take-over of F&G (the " Transaction"). It is intended that the Transaction will be an arm's length "Qualifying Transaction" for F&G, as such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSX Venture Exchange (the " TSXV"). Upon consummation of the definitive agreement (the " Definitive Agreement"), a comprehensive news release will be issued setting out the terms of the Transaction and the proposed Financings (as hereinafter defined) of CBMI in connection with the Transaction. FINANCINGS Under the terms of the LOI, CBMI will complete a bridge financing by way of private placement for gross proceeds of $500,000 through the issuance of securities of CBMI (the " Bridge Financing"). The Bridge Financing is anticipated to close in part or in full on or about August 15, 2025. Pursuant to the LOI, CBMI will also complete a private placement financing for additional proceeds of $1,000,000 through the issuance of securities of CBMI (the " Concurrent Financing" and together with the Bridge Financing, the " Financings"), or such other amount as required by the TSXV in accordance with the policies of the TSXV. The Concurrent Financing is anticipated to be completed prior to or concurrent with closing of the Transaction. On closing of the Transaction, assuming completion of the foregoing Financings, the Equity Value (also the Enterprise Value) of the resulting entity is expected to be between CAD $10.5M and $11.5M. Trading in the shares of F&G has been halted in accordance with the policies of the TSXV and will remain halted until such time as all required documentation in connection with the Transaction has been filed with and accepted by, and permission to resume trading has been obtained from, the TSXV. ABOUT COPPER BULLET MINES INC. CBMI is advancing a prolific copper project in the Arizona Copper Triangle. Since its incorporation on April 10, 2021, CBMI has acquired, through staking and option, a significant land package in the heart of Arizona's Copper Triangle. CBMI's Copper Springs Property (the " Property") has more than 96 historic drills holes and a non-43-101 compliant mineral resource of 47 million tonnes grading 0.4% copper (NI 43-101 Technical Report Copper Springs Property, Gila County, Arizona, by M. Feinstein, 2022), equating to over 400 million lbs of copper contained*. This historic resource is one of many exploration targets across the Property and represents approximately 10% of the Historic Supergene Oxide Blanket (HSOB) footprint, which was defined by wide spaced drilling in the 1960s. The historical resource estimate is comparable to a modern inferred mineral resource, however quality assurance and quality control protocols do not meet current industry standards. The QP finds the historic resource to be reliable and relevant based upon: field observations, multiple post-resource exploration campaigns, review of the 2009 core, and thorough data compilation and analysis. Please refer to Copper Bullet's NI 43-101 technical report that can be found on its website: Please also refer to the historical reports found on Copper Bullet's website: * Please note, any reference to historical estimates and resources should not be relied upon. These historical estimates are not current and a "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") has not done sufficient work to classify the historical estimate and CBMI is not treating the historical estimate as a current resource estimate. Copper Bullet's 2022 NI 43-101 technical report outlines a phased exploration program of surface sampling, geophysics, and drilling, which is designed to modernize the non-compliant historic resources, as well as potentially upgrading and expanding the mineralized area. The Property is adjacent to Arizona State highway 60, located 1 hour east of Phoenix. High voltage power lines cross the Property and water is available from perennial springs. The Property is surrounded by producing mines, including Capstone's Pinto Valley, KGHM's Carlotta mine, Group Mexico's Ray Mine, and various other mines and projects owned by South 32, BHP, Rio Tinto and Freeport-McMoRan. The Globe-Miami, Arizona area, where the Property is situated, has produced over 37 billion lbs of copper. A recent report published by the Arizona Geological Study suggests unmined resources to be over 94 billion lbs of copper (Geology and History of the Globe-Miami Region, Gila and Pinal County, Arizona. Briggs, 2022). The Copper Triangle is also home to 2 of the 3 copper smelters in the USA. From exploration through discovery, development, capital raising, and successful execution of commercial mining and milling operations, CBMI's team includes a full-range of experienced industry professionals. Additional information about CBMI may be found on its website: FIRST AND GOAL CAPITAL CORP. F&G was incorporated under the Business Corporations Act (Ontario) on incorporated on June 3, 2021, and is a Capital Pool Company (as defined in the policies of the TSXV) listed on the TSXV. F&G has no commercial operations and no assets other than cash. QUALIFIED PERSON Michael N. Feinstein, PhD, CPG, is the "Qualified Person" under National Instrument 43-101- Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical disclosure contained in this press release. Dr. Feinstein is a Consultant to Copper Bullet Mines, he is the author of Copper Bullet's NI 43-101 technical report dated January 20, 2022. Cautionary Note Regarding Forward Looking Information This press release contains statements that constitute "forward-looking information" ("f orward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including that: all applicable shareholders, and regulatory approvals for the Transaction will be received. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: the availability of financing; delay or failure to receive board, shareholder or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise. Paul G. Smith, the CEO of First and Goal Capital Corp. and Dan Weir, the CEO of Copper Bullet Mines Inc. are responsible for this announcement. Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. All information provided in this press release relating to CBMI, including any information about its property and the surrounding area and information on its website, has been provided by management of CBMI and has not been independently verified by management of the Company. As the date of this press release, the Company has not entered into a Definitive Agreement with CBMI in connection with the Transaction, and readers are cautioned that there can be no assurances that a Definitive Agreement will be executed. Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to TSXV requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. SOURCE First & Goal Capital Corp.
