New Industry Study Calls for a Fundamental Rethink of the Airport Ecosystem
‘Reinventing the Airport Ecosystem’ reveals how airports could adopt Mini-city, Walkway, Bus Station, and Shopping Mall operating models to meet consumer demands and drive non-aviation revenue
What are the sources of revenue? My estimates on a $10 TRILLION MARKET
Airport services including terminal services with increases of travellers including airport tax?
Shopping and dining including rental from real estate
Other services planned including a mini-city for temporary transit passengers with temporary lodging, spa facilities
Differentiating the flow between high paying and budget travellers
Full conceirge services to link to transport and hotel services
Additional commission from limousine and hotel
Budget = No frills minimum services
First & Business class = Total services
Expected increased revenues of more than 50% from the above sources
Airport to include services from travel agents? Possible links
Present Budget Airline terminals costs too high, need automation with fewer staff to lower costs, No-frills is the best approach, with minimum investments, where expanding the services and investments for full services airports to include First & Business class, whereby lowering the demand for Economy classes, which is a sandwich class. Due to high fuel costs, the Economy class is going to be expensive, by correctly PRICING the difference between ECONOMY and BUSINESS class, where the difference is less than 25%, more people will chose to travel BUSINESS class instead, creating less demand for ECONOMY class.
Therefore I can easily tweak Demand And Supply to fix any scenarios, creating New Real Demand that will save all the airlines in the world from a downfall.
– Contributed by Oogle.
– The Economist.”
Trading in shares in the Spanish lender Bankia have been suspended in Madrid.
The market regulator CNMV said it was “due to circumstances that may affect the normal share trading”.
Bankia is reported to be due to ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board meeting later on Friday.
Bankia, which is Spain’s fourth-largest bank, was part-nationalised two weeks ago because of its problems with bad property debt.
Any extra government money would be on top of the 4.5bn euros in state loans that the government converted into shares in the group in the part-nationalisation process.
Shares in Bankia’s parent company Banco Financiero y de Ahorros (BFA) have also been suspended.
Bankia was created in 2010 from the merger of seven struggling regional savings banks.
It holds 32bn euros in distressed property assets.
Spain’s economy minister Luis de Guindos said on Wednesday that the government would pump at least 9bn euros into Bankia but that more would be available if it was needed.
There have been four attempts by Spanish governments to shore up the banking system since the global banking crisis of 2008.
As part of the latest plan, lenders are having to make 30bn euros of extra provisions to cover potential losses on property loans, which comes on top of 54bn euros they were ordered to set aside in February.
The health of Spain’s banking system is key to whether the country eventually needs to seek a bailout itself from the eurozone and the International Monetary Fund.
(Financial Times) — European leaders put off any decisions on shoring up the region’s banks at a late-night summit on Wednesday despite rising concerns that instability in Greece was undermining confidence in the eurozone’s financial sector.
Posted: 25 May 2012 1535 hrs
SAN FRANCISCO: Google has begun revealing details about requests for links to be removed from Internet search results on the grounds they lead to copyrighted material posted without permission.
Google added a copyright section to the online transparency report it launched two years ago to provide information about how often government officials ask for material to be removed from its online venues.
“The goal of the transparency report is to help users understand what we remove from search and why,” Google senior copyright counsel Fred von Lohmann told AFP.
“We remove more search results for copyright reasons than for any other reason.”
Nearly 1.25 million take-down requests were received by Google search in the past month on behalf of 1,296 copyright owners, according to the debut report, which focused on that month.
The requests targeted more than 24,000 websites. Almost half of the copyrighted material at issue belonged to software colossus Microsoft.
“We do receive a large number of take-down requests from the adult entertainment industry and the software industry,” von Lohmann said.
“This is not just an issue that involves music and Hollywood movies,” he added. “The data shows a more complicated landscape.”
Websites targeted by requests ranged from online data file “lockers” to personal blogs.
“It is quite eye-opening to look and see the diversity of sites laid out there,” von Lohmann said. “We are showing all the way down to the very bottom.”
The number of requests has been increasing rapidly and it is not unusual for Google to receive more than 250,000 take-down demands weekly.
Google granted 97 percent of such take-down requests received in the second half of last year, according to a facts page in the report.
Google said that it watches for erroneous or abusive removal requests.
Von Lohmann gave the example of two requests on behalf of an entertainment company asking to pull links to a major newspaper’s review of a television show on what turned out to be a baseless claim of infringed copyright.
Competitors have also used false copyright violation accusations to scuttle rivals online, according to Google.
Google will update the copyright section of the transparency report daily.
“As policymakers and Internet users around the world consider the pros and cons of different proposals to address the problem of online copyright infringement, we hope this data will contribute to the discussion,” von Lohmann said.
Google has long shared take-down request information with non-profit group Chilling Effects.
Information available online at google.com/transparencyreport also shows the status of Google websites, highlighting when service has been disrupted.
“We believe that openness is crucial for the future of the Internet,” von Lohmann said.
“When something gets in the way of the free flow of information, we believe there should be transparency around what that block might be.”