Tuesday, April 20, 2010

European Flights crisis - An opportunity!

- related to CAT/ACCA undergraduates
- related to ACCA graduates upgrading to CFA (Chartered Financial Analysts)

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Pictures (from Left to right)
01: Volcanic eruption gives blur skies
02: This is the BEST relaxing holiday, ever
03: European Pilot: I have time off now, would you have dinner with me?
04: Air Asia Pilot: I can take you to greater heights.

LEPEST affects every firm and individual
Aeronautical industry is most vulnerable to LE PEST factors. Currently, Europe has to suspend flights due to ecological volcanic eruption and disruptions. Really, all firms and individuals are not immune to external threats which can be opportunities too.

For ACCA, CAT and CFA students, there is a threat of ever increasing tuition fees, but this could also be an opportunity! How?

As to common knowledge (I hope) Kasturi College in both PJ and KL charges a fee which is substantially LOWER than other tuition providers - a whopping 50%. (For Location please visit : LOCATION) Do a simple Math, it saves students thousands of ringgit to do CAT, ACCA and CFA (Chartered Financial Analysis).

In fact, Kasturi will soon offer Limited Scholarship Awards with cheque payable in student's name, who then can CELEBRATE with their family. (coming soon...)

KASTURI LECTURERS ACHIEVEMENTS IN 2009
The point is students still graduate! In fact, Kasturi team of lecturers are indeed award winning team generating prize winners such as in 2009:

= WORLD PRIZE - F4 (Law) where student scored 100%!
= TOP MALAYSIAN PRIZE - F8 (Audit & Assurance), a dreaded paper by many, many students but hey, my very ordinary student can score, I only need you to pass.
= TOP CHINA PRIZES for 3 subjects in CAT Level.

I have honor to attend the Beijing ACCA Award Ceremony this weekend to witness our hardworking students to receive the awards.

AIRLINES are BLEEDING but not all
Below is a report on airlines losing US$300 million A DAY (yes, its three hundred million dollars in US currency), yet Air Asia opportunistically offer to any passengers stranded in Asia en route to Europe to take "any flight" with it and pay a ticket fee of RM99 (US$30).

Passengers offer a choice, just like ACCA, CAT and CFA students are offered an affordable alternative in Kasturi to deflate the threat of very costly tuition providers.

Kasturi is a no-frills operator like Air-Asia but it gets the job done - graduate. Year 2009 is a sterling example of students achievement! With low overheads cost, the savings are passed to you in form of affordable fees.

A tagline familiar to many, in "Kasturi, now everyone can graduate!"

Cheers. May you decide for your own future.



REPORT - AERONAUTICAL CRISIS SMELLS of OPPORTUNITY

European airspace that was closed by the volcanic eruption in Iceland will reopen to flights today after transport ministers said planes could fly through thinner parts of the ash plume.

Operations in areas where dust is detected will be assessed by the U.K.’s Volcanic Ash Advisory Centre, which will also determine which zones are entirely safe and which should remain closed because of the potential threat to aircraft engines. A new ash cloud headed for the U.K. means London’s airports may not be able to open, National Air Traffic Services said.

With planes out of position and airlines concentrating on repatriating stranded passengers, the restoration of full timetables may take six days, according to the International Air Transport Association. The flight ban introduced after the Eyjafjallajökull volcano erupted on April 14 has led to the cancellation of 81,000 flights and is costing carriers as much as $300 million a day in lost revenue, the industry group says.

“It’s a positive thing for the airlines, provided that it’s done in such a way that safety is maintained,” said John Strickland, an analyst at JLS Consulting Ltd. in London. “But it’s a long way short of any semblance of normal operations.”

Following the agreement by European Union transport ministers yesterday, British Airways Plc, the largest carrier between London and New York, said it would restart operations from Heathrow at 7 p.m. this evening. That plan is now under review after news of the fresh ash cloud, Richard Goodfellow, a spokesman for the company, said in an interview last night.

‘Situation Worsening’

“The volcano eruption in Iceland has strengthened and a new ash cloud is spreading south and east towards the U.K.,” NATS, Britain’s flight-control authority, said in a statement. “The situation is worsening in some areas.”

The ash represents a threat to jetliners because it could stop their engines by melting and congealing in turbines.

French airspace, which falls under the restricted or “precautionary” zone, will be open today, subject to ongoing evaluation of the conditions, French Environment Minister Jean- Louis Borloo said after a cabinet meeting yesterday.

Still, no more than 20 percent of scheduled flights will operate as services are limited to approved air corridors, and the reopening of airports in Paris will be “gradual and controlled,” he said. Air France was already planning eight long-haul departures and 22 arrivals at terminals in the south and west of the country that aren’t affected by the ash cloud.

About 70 percent of European services remained grounded yesterday as the ash cloud stretched from Moscow almost as far as Canada, according to Brussels-based Eurocontrol, which oversees flight paths and drew up the new strategy.

Safe to Fly

The European Commission announced the three-zone system after carriers said their own trials showed it was safe to fly.

British Airways, which is losing 20 million pounds ($30 million) a day, said a test trip showed no deterioration in engine performance and produced no odors in the cabin. Flight recorders, structural checks and monitoring by engine maker Rolls-Royce Group Plc also revealed no impact from the dust.

Haraldur Eiriksson, a meteorologist at the Icelandic meteorological office, predicts little change in the ash pattern in Europe, at least through April 23.

Source:
Kenneth Wong, 2010, Bloomberg Business

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