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Bahama Islands News, Articles and Information
Republic Airways Reports a 59% Increase in June 2006 Traffic
INDIANAPOLIS--(BUSINESS WIRE)--July 6, 2006--Republic Airways Holdings (NASDAQ:RJET), today reported preliminary passenger traffic results for June 2006. The company generated 624 million revenue passenger miles (RPMs), a 59.4% increase over the same month last year, while available seat miles (ASMs) increased to 779 million, a 45.0% increase. Block hours were 47,295 in June 2006, a 20.3% increase over June 2005. Load factor was 80.1% versus 72.9% in June 2005. A total of 1,201,550 passengers were carried during the month, a 49.5% increase over the same month last year. Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America. The airlines offer scheduled passenger service on approximately 1,000 flights daily to 89 cities in 35 states, Canada, Mexico and the Bahamas through airline services agreements with four major U.S.
Million-dollar drug seizure
Drug enforcement agents acting on an undercover tip seized just over $1 million in drugs during an early morning operation in New Providence yesterday. The agents made the find around 4:15 Wednesday morning near a ramp in the Marshall Road area where they found the drugs. According to Officer in Charge of the Drug Enforcement Unit (DEU), Supt Raymond Gibson, 27 bales of marijuana with a combined weight of 847 pounds were discovered as a result of the joint effort involving Operation Bahamas Turks and Caicos. Supt Gibson also reported that two suspects are currently in custody, while a fishing vessel, two vehicles and a shotgun with several live rounds of ammunition were seized. "Officers from the drug enforcement unit were acting on information which took them into the Marshall Road area," said Supt Gibson.
Baker's Bay wins battle
The Save Guana Cay Reef Association opposing the Baker's Bay resort development on Guana Cay lost its latest legal battle yesterday when the Court of Appeal dismissed its application for leave to appeal to the Privy Council.The association sought to appeal to the Privy Council the decision of the Court of Appeal relieving the developers - Discovery Land Company - of the undertaking given in November 2005 not to take further steps in the development that may affect the environment.
The Court of Appeal also refused an application by the association for an injunction against the government and the developers.
The court described the application by the association as being without merit and ordered it to pay costs totalling $18,000, according to a statement released yesterday by the developers of Baker's Bay Golf and Ocean Club.