Hellenic Seaplanes S.A., a new airline set to start flying tourists between Greek islands this summer, forecasts that sea-based commercial carriers could generate 1 billion euros ($1.4 billion) in annual revenue as European travelers return to a country emerging from recession.
Comments by the leaders of Japan and the Philippines drawing parallels between China’s growing assertiveness in the region and events in pre-war Europe are “not helpful,” said the commander of U.S. air forces in the Pacific.
Japan revised school teaching manuals to emphasize its claims over islands disputed with China and South Korea even as Prime Minister Shinzo Abe again called for talks with the leaders of both countries.
Sea Island Co., the Georgia resort that aspired to be the “Pebble Beach of the East” before the financial crisis, said it reached an agreement to sell most of its assets to a group including Avenue Capital Group and Oaktree Capital Management LP.
Synovus Financial Corp. settled a shareholder lawsuit over more than $200 million in bad loans to Georgia luxury resort Sea Island Co. that the investors say were approved with a “golf course handshake” between executives of the two companies.
More than two decades after a short- lived effort to shake up Japanese politics, Morihiro Hosokawa is taking another crack at a lasting legacy -- with a bid to permanently shutter the nation’s nuclear reactors in a challenge to Prime Minister Shinzo Abe.
Publisher Tribune Co. announced yesterday that mediation resulted in agreement with some creditors on a reorganization plan along the lines proposed earlier this month by creditors Oaktree Capital Management LP and Angelo Gordon & Co.