November 2, 2021

Bombardier’s Safety Standdown Welcomes New Leader as Chris Milligan Succeeds Andy Nureddin in Stewarding Influential Industry Event

Bombardier Safety Standdown

Bombardier’s Safety Standdown dream team: (From left) New Safety Standdown leader Chris Milligan, VP, Pre-Owned Aircraft Services and Flight Operations; JC Gallagher, Executive VP Services, Support and Strategy; and Andy Nureddin, veteran customer support executive and steward of the program for more than 15 years, who is retiring in 2022.

Seasoned Bombardier executive, Chris Milligan will continue to build on Safety Standdown’s reputation for excellence
Bombardier’s Safety Standdown celebrates 25 years of aviation safety stewardship and education
Prominent event promotes lifelong learning opportunities to highlight the industry’s latest safety knowledge

MONTREAL, Nov. 02, 2021 (GLOBE NEWSWIRE) — Bombardier’s annual Safety Standdown event, one of the most comprehensive safety gatherings in the aviation industry, is honoring a dedicated Bombardier executive who has been a passionate steward and leader of the event for many years and announcing a new successor to lead the program.

Bombardier’s Chris Milligan, Vice President, Pre-Owned Aircraft Services and Flight Operations, will take over the reins from long-time Safety Standdown leader, Andy Nureddin, who has led the Bombardier Flight Operations team responsible for organizing this annual safety gathering. Andy has planned to retire at the end of 2022 and is currently focusing on completing a smooth transition of Safety Standdown leadership to Chris. Anthony Cox has been promoted to Vice President, Customer Support and is succeeding Andy in his Bombardier customer-facing capacities.

“I am very pleased to introduce Chris Milligan as the new leader of the Safety Standdown team and I want to sincerely thank Andy for his steadfast commitment and hard work in fostering the growth of this invaluable industry event,” said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier. “For 25 years, Bombardier has led the industry in providing aviation professionals with critical knowledge-based aviation training in many key areas and Andy has been front and centre in that growth. I am confident that under Chris’s direction, we will continue to provide aviation professionals with more lifelong learning opportunities and focus on disseminating higher standards of safety and professionalism throughout the industry.”

Celebrating its 25^th anniversary, the Bombardier Learjet flight operations team created the Safety Standdown event in 1996 as a human-factors safety training seminar. As it has flourished, its purpose remains the same – to foster a community of aviation professionals who are committed to lifelong learning and to establishing higher standards of safety and professionalism throughout the industry. Through its overriding theme of “Learn – Apply – Share,” this special two-day conference is filled with learning opportunities, compelling workshops, presentations and more, laying the foundation for many more years of safety training to come.

About Safety Standdown
Originally conceived in 1996 as a human factors safety-training event for the Learjet flight demonstration team, the conference quickly garnered a reputation for excellence beyond Bombardier’s customer base. In 1999, in response to growing interest within the industry, Bombardier opened the seminar to all pilots. In 2010, Safety Standdown expanded beyond the seminars into a year-round global human factors program offering online resources. Since 1996, more than 10,000 corporate, commercial and military aviation professionals have attended Safety Standdown seminars worldwide, live and through the webcast, including in Brazil, Canada, China, Mexico, Switzerland and the USA. Admission to Safety Standdown has, throughout the years, remained free to all aviation professionals as safety is a top commitment to the flying public.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Visit the Bombardier Business Aircraft website for more information on our industry-leading products and services.

^{Bombardier, Learjet and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.}

For information
Matthew Nicholls
Bombardier
+1 514-243-8214
Matthew.Nicholls@aero.bombardier.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/850faa97-1ed5-42e5-b46d-f89bb5b87250

November 2, 2021

Bombardier Announces Construction of New Global Manufacturing Centre in Mississauga is on Track, Reiterates Sustainment of 2,000 Jobs and Commitment to Aerospace Community in Ontario

Set for completion in 2023, the new world-class facility for final assembly of Global aircraft will exemplify Bombardier’s commitment to sustainability
Environmentally responsible features will reduce energy consumption by almost 60% and will lower greenhouse gas emissions by more than half
The state-of-the-art facility at Toronto Pearson International Airport represents a private investment of approximately $400M USD by Bombardier and will provide continued employment to the 2,000 highly skilled Bombardier employees currently working at Bombardier’s existing Downsview facility
Bombardier reiterates continued involvement in the aerospace cluster through active engagement in the Downsview Aerospace Innovation & Research (DAIR) consortium and other initiatives

MISSISSAUGA, Ontario, Nov. 02, 2021 (GLOBE NEWSWIRE) — Bombardier provided further details on the construction of its new, state-of-the-art facility at the Toronto Pearson International Airport that will optimize final assembly operations for its family of Global business jets, including the industry flagship Global 7500 aircraft. In an event attended by Bonnie Crombie, Mayor of the City of Mississauga, Deborah Flint, President and CEO of the Greater Toronto Airports Authority, Jerry Dias, National President at Unifor, and several other key representatives of the Greater Toronto aerospace community, the company reiterated its commitment to continue the momentum of its presence in Ontario.

On track for completion in 2023, the facility will provide a new home to the Global Manufacturing Centre, currently located in nearby Downsview, ON. The move, which represents a private investment by Bombardier of approximately $400 million USD, will provide continued employment to the 2,000 employees currently working at Bombardier’s Downsview facility.

“We came here today to show you first-hand that construction of our new Global Manufacturing Centre of Excellence is advancing as planned,” said Éric Martel, President and Chief Executive Officer, Bombardier. “We are extremely proud of the people who have been producing our best-in-class business jets for decades here in Ontario, and with the rising demand for large-cabin, long-range aircraft, we are looking forward to providing our teams with a new, state-of-the-art work environment,” he added.

The Downsview plant was built in the 1960s, and the transition to the new, 770 000 sq. ft. facility at Pearson Airport in Mississauga will significantly reduce Bombardier’s industrial and environmental footprint in the area. The company is embracing the opportunity to incorporate as many environmentally responsible features as possible. Energy consumption will be reduced by just under 60% by focussing on natural and more efficient lighting elements, and newer heating methods and updated processing systems will lower greenhouse gas emissions by more than half. Considerably less water will be used in the manufacturing process thanks to the modifications implemented in the processing shop workflow. In parallel, electric vehicles will be favoured for onsite transportation and three Sustainable Aviation Fuel (SAF) tanks will provide fuel for departing aircraft.

During the event, Bombardier also confirmed it will remain active in creating educational and job opportunities for future generations of aerospace talent in the Greater Toronto Area, particularly through its continued involvement in the DAIR consortium. The consortium, which the company cofounded with Centennial College, drives local collaborative research and development to help small and medium aerospace hub businesses scale up. “It is our continuing strategy to further support local innovation, harness the ingenuity of future aerospace professionals and enrich our local supply chain. Our involvement with DAIR enables us to realize this vision and it is one that we value greatly,” said Éric Martel.

Martel also emphasized the importance of local partnerships in facilitating the successful transition to a new production site. “I want to thank the City of Mississauga and the Regional Municipality of Peel, as well as our partners at the Greater Toronto Airports Authority for making us feel truly welcome in our future new home here in Mississauga.”

“I’m so proud that Bombardier, one of the world’s most innovative aviation companies, has chosen to make this very significant investment in Mississauga,” said Mississauga Mayor Bonnie Crombie. “By opening its new Global Manufacturing Centre of Excellence in our city, Bombardier will strengthen our world-class aviation sector by continuing its relationship with Mississauga-based companies that provide leading-edge capabilities to support Bombardier’s family of Global business jets. I look forward to working with Bombardier and Pearson to find new ways to bring more aerospace investment to Mississauga”

“Toronto Pearson has a vision to be the airport of the future – from our approach to health and safety through our globally recognized Healthy Airport program to creating a more modernized airport experience,” said Deborah Flint, President and CEO, GTAA. “And part of being the airport of the future means building partnerships that confer greater economic and social opportunities on the communities we serve. Bombardier’s focus on innovation and connection is a perfect fit for Toronto Pearson as we build back a better, more resilient, more innovative aviation and aerospace sector right here in Mississauga.”

“Unifor aerospace members’ skills are virtually unmatched and the aircraft they build are unrivaled in their class,” said Jerry Dias, Unifor National President. “The new production facility will help secure advanced manufacturing jobs for the long term and will be a proud new home for highly-skilled Bombardier workers for generations to come.”

“Ledcor is proud to be building Bombardier’s new state-of-the-art manufacturing facility at Toronto Pearson International Airport,” said Ray Lawrence, Vice President, Ontario, Ledcor Construction. “We are excited to work with the project and design team to achieve Bombardier’s sustainability and energy efficiency targets.”

Bombardier, Global and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

For information
Tinca Stokojnik Prouvost
Communications
Bombardier
514-855-5001, ext. 51674

November 2, 2021

Barrows Hotels Comments on Recent Global Investors Meeting

LONDON, Nov. 01, 2021 (GLOBE NEWSWIRE) — The hotel development industry is accelerating the completion of its business improvement initiatives aimed at creating promising new opportunities for investors.

The initiative is supported by the flexibility and effectiveness of relaxed government procedures worldwide and the numerous benefits it offers investors.

The announcement follows a digital meeting with government officials from several countries who see the importance of strengthening the global investment climate.
A large majority of investors say these initiatives will have a positive effect on the business climate in the global hotel industry.

Erwin Jager, chairman of Barrows Hotel Enterprises, confirmed that the hotel industry will continue to create the conditions necessary to strengthen its status for global investment.

As a developer and hotel investor, Barrows Hotel Enterprises focuses on the MENA Region and sees good opportunities after the global pandemic. The company has daily contacts with institutional and private stakeholders within the industry.

We see the accelerated growth of the investment environment in the hotel sector. In today’s post-pandemic world, we need to keep pace with global developments while remaining vigilant and adaptive in our response to the ongoing rapid changes in our industry.

“The relationship with international investors is strong and we remain committed to continuous innovation and creating exceptional business opportunities that will drive growth within the hotel industry,” said Erwin Jager.

Together we ensure that the hotel industry continues to offer opportunities within a very stable, sustainable and attractive environment. This offers huge opportunities worldwide to boost employment

Investors have recently indicated that the improvements will help improve procedures and reduce effort. This creates promising new investment opportunities.

Efforts by government agencies are welcomed with open arms. This allows the hotel industry to continue to create new opportunities to improve and simplify their services.

Media Contact
Barrows Hotel Enterprises
info@barrowshotels.com

November 2, 2021

OKEx launches CME-like portfolio margin system for the crypto industry

VICTORIA, Seychelles, Nov. 01, 2021 (GLOBE NEWSWIRE) — OKEx has announced the launch of a new advanced trading mode for professional and institutional traders — portfolio margin — as part of its efforts to build the world’s most powerful trading platform for crypto traders. The new trading mode is available on the platform’s web and API versions for high-volume traders as of today, Nov. 1.

Portfolio margin on OKEx is designed for high-volume professional traders, including market makers and institutions, looking to substantially reduce their capital requirements. The mode offers traders — and especially market makers for cryptocurrency futures and options — significantly reduced margin calculation. Notably, OKEx sees this new feature as a way to address the current problem of fragmented liquidity across crypto options markets.

A risk management system similar to portfolio margin — standardized portfolio analysis of risk, or SPAN — was first pioneered for traditional finance participants by the world’s largest derivatives exchange, CME Group. With the release of the new portfolio margin mode on OKEx, the platform is leading the way in the cryptocurrency industry by introducing this powerful tool for capital efficiency enhancement and risk management.

OKEx’s version of this trading mode stands out from competitors by allowing for multiple-currency portfolio margining — meaning that a trader can open derivatives positions with significantly reduced margin requirements across multiple currencies at the same time.

With its new portfolio margin mode, alongside industry leading liquidity, OKEx is showing its commitment to providing the most advanced tools and best possible trading experience for its customers.

About OKEx

Founded in 2017, OKEx is one of the world’s leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, including our recently launched DeFi ecosystem and NFT Marketplace.

Trusted by more than 20 million users in over 180 regions across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally.

Andrea Leung
andrea.leung@okex.com

November 2, 2021

Delegation of National Security Workshop visits Khyber District

A delegation comprising 65 members undergoing National Security Workshop at NDU visited Khyber District today (Tuesday).

According to ISPR, delegation was briefed about Torkham border terminal management system, border fencing regime and current situation at Pak-Afghan border crossing at Torkham.

The delegation was also apprised about the role of Law Enforcement Agencies and other government organisations for managing the Torkham border terminal.

Source: Radio Pakistan

November 2, 2021

Indians Launch Racist Tirade Against Darren Sammy After New Zealand Loss

Two-time T20 World Cup-winning captain, Darren Sammy, has become a target of racial abuse by Indian cricket fans after his lighthearted tweet about India’s embarrassing 8-wicket loss to New Zealand on Sunday.

Former West Indian captain Darren Sammy had to face the rage of the Indian fans as he poked fun at India on his Twitter account. Sammy jokingly tweeted, “Ooooops just heard this song playing on my playlist ‘someone please call 911, I’m in trouble I’m in really big trouble.” The tweet was meant to reflect the position of India in the ongoing T20 World Cup.

Indian fans did not take the tweet lightly and launched a racist tirade at the former World Cup winner. Sammy was subjected to disgusting remarks, and some Indian fans went as low as referring to the George Floyd incident. Over the past week, Indian fans have targeted Mohammad Shami for his religious views and the Indian captain, Virat Kohli, for defending Mohammad Shami.

India’s hopes for qualifying for the semi-finals hang by a thread as they suffered their second consecutive loss in the mega event. Previously, they lost to Pakistan by a huge margin of 10-wickets.

Source: Pro Pakistani

November 2, 2021

Eoin Morgan Becomes the Most Successful Captain in T20I History

England’s limited-overs captain, Eoin Morgan became the most successful captain in T20I history as England defeated Sri Lanka in the 2021 T20 World Cup on Monday. This was England’s fourth consecutive victory in the mega event and their spot in the semi-finals of the tournament is all but confirmed.

Morgan led England to their 43rd victory under his leadership, overtaking Afghanistan’s former captain Asghar Afghan who led his team to 42 victories in the format. Morgan’s 43 victories have come in 68 matches while Asghar’s 42 victories were achieved in 52 matches only.

Morgan is arguably England’s greatest ever limited-overs captain. He led his side to their first-ever ODI World Cup in 2019 and his record in T20Is is now the best in the cricketing world as well.

England’s captain is followed by Asghar, India’s MS Dhoni, Pakistan’s Sarfaraz Ahmed, and Virat Kohli in the top five most successful captains in T20I history.

Morgan will be determined to lead England to their second-ever T20 World Cup title and equal the record currently held by West Indies. England is considered as strong favorites for the tournament after highly impressive performances in their first four encounters in the T20 World Cup.

Source: Pro Pakistani

November 2, 2021

Possible Scenarios for India to Qualify for Semi-Final of T20 World Cup

Indian cricket team’s hopes of qualifying for the semi-finals of the 2021 T20 World Cup hang by a thread as they lost their opening two matches of the Super 12s stage of the tournament. India lost their first match of the T20 World Cup against Pakistan by 10 wickets and lost their next match against New Zealand by 8 wickets.

India currently sits at the fifth spot in Group 2 with zero points and a net run rate of -1.609. Their two competitors for the semi-finals spot, New Zealand and Afghanistan have more points and a much better net run rate than them. New Zealand has two points from two matches and a net run rate of +0.765 while Afghanistan has four points from three matches with a net run rate of +3.097.

While India’s hopes of qualifying for the next round are minimal, they do still have an outside chance to make it to the semi-finals. India will need other results to go in their favor as their dreams of semi-finals are no longer in their own hands.

Here are the two scenarios which can see India make it to the semi-finals:

Scenario 1

First and foremost, India will need to win their remaining matches against Namibia, Scotland, and Afghanistan. The three victories will put India on six points. Then they will require a number of results to go their way.

India will require Pakistan to win their remaining games against Namibia and Scotland and finish with 10 points on the board. Then they need New Zealand to beat Afghanistan and lose to Namibia and Scotland to finish with 4 points. Afghanistan will need to lose both their matches against New Zealand and India to finish on 4 points and Namibia and Scotland will need to beat New Zealand and lose their other matches to finish with 4 and 2 points respectively.

Scenario 2

In the second scenario, India will again need to win their remaining three matches convincingly to finish on 6 points, and also Pakistan will need to win their remaining two matches to finish on 10 points.

Afghanistan will need to beat New Zealand and lose to India in their last two matches to finish on 6 points. New Zealand will have to beat Namibia and Scotland while losing to Afghanistan to finish on 6 points as well. Namibia and Scotland will need to lose their remaining matches to finish on 2 and 0 points respectively.

The points table will then be decided on net run rate. India will need to win all their matches by huge margins to overcome Afghanistan’s massive net run rate.

Points table if scenario 2 happens:

Source: Pro Pakistani