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Small Business Administration offers drought aid

Small Business Administration offers drought aid

ATLANTA -- The U.S. Small Business Administration announced Monday that it will accept applications for loan assistance for Georgia enterprises in 12 counties affected by the drought.

The aid program targets farm-related and other entities not covered by aid from the Department of Agriculture.

The eligible counties are Banks, Barrow, Cherokee, Dawson, Forsyth, Fulton, Gwinnett, Habersham, Hall, Jackson, Lumpkin and White.

The loans are intended to cover fixed costs such as payroll and scheduled debt payments. They are capped at $2 million with terms up to 30 years. Interest rates are 3 percent for non-profits and 4 percent for small businesses. The SBA determines the amounts and specific terms.

More information for potential applicants is available by calling 800-659-2955 or going online to sba.gov.

The application deadline is Apr. 22, 2013.

Airlines made $22.6 billion from fees in 2011

(USA TODAY) -- U.S. airlines bring in more revenue from fees for bags and other products and services than do the world's other carriers, a new report released Monday reveals.

United, Delta and American finished in the top three - each generating billions in ancillary revenue outside airfares last year, according to the report by IdeaWorks, a consultant specializing in ancillary revenue and brand development.

The report analyzed financial filings of 50 airlines worldwide and found they combined to bring in $22.6 billion of ancillary revenue last year.

That's a 66% increase from ancillary revenue reported by 47 airlines two years ago.

"It's clear that airlines recognize the importance of ancillary revenue and are developing increasingly innovative ways to generate it," says IdeaWorks President Jay Sorensen.

Delta seals Boeing 717 deal with Southwest

ATLANTA -- Delta Air Lines Inc. closed a previously reported deal with Southwest Airlines Co. to lease 88 Boeing 717s Southwest got when it bought AirTran.

RELATED | Southwest inspects AirTran 717 jets for cracks

Financial terms were not disclosed.

The aircraft will begin delivery next year, with 16 scheduled to enter Atlanta-based Delta's fleet in 2013. Thirty-six will be delivered in 2014 and in 2015, Delta said.

The Boeing 717s will primarily replace small 50-seat regional jets.

Fulton County Workforce Investment Board to Elect Officers during June 21 Quarterly Meeting

Fulton County Workforce Investment Board to Elect Officers during June 21 Quarterly Meeting

The Fulton County Workforce Preparation and Employment System –Workforce Investment Act Board (FCWPES-WIA) will meet Thursday, June 21, 2012, beginning at 9:30 A.M.  The meeting will be held in Seminar Room 205, Sections A & B of the Cleveland L. Dennard Conference Center at Atlanta Technical College located at 1560 Metropolitan Parkway SW in Atlanta, GA 30310.  The Board will elect officers for the program year, which begins July 1, 2012

The FCWPES-WIA Board oversees activities related to providing an environment that supports a skilled and trained workforce and to creating innovative programs that serve the changing needs of employers and the business community.

University president sues Delta for gun-related arrest

ATLANTA -- Delta Air Lines is being sued by the president of the University of Sioux Falls in South Dakota, who claims he was wrongfully arrested after a Delta ticket agent notified police he had declared a firearm at New York's LaGuardia Airport.

University president Mark Benedetto, who spent a night in a New York jail, says Delta breached its duty by failing to inform him of the city's restrictive gun laws, according to Sioux Falls newspaper The Argus Leader.

Attempts by the paper to reach Delta for comment were not successful.

An Associated Press report on the story says a Delta spokesman said Sunday the airline does not comment on pending litigation.

Benedetto and his wife, Gail, flew to New York Sept. 28 to pick up a piece of Sept. 11 memorabilia for a display at the school, the paper reports.

Former Delta CEO Garrett dies at 89

Former Delta CEO Garrett dies at 89

ATLANTA -- Former Delta Air Lines CEO David Garrett Jr. died June 2 at age 89 in his Georgia home.

Company officials said they did not know the cause of death.

Garrett became the airline's fourth CEO in 1978. He stepped down as CEO in 1987, but he continued to serve on its board until 1994.

He started his career as a ticket sales agent. Over the next four decades, Garrett helped oversee Delta's growth into the country's fourth-largest airline.

Former Delta CEO Jerry Grinstein called Garrett the "very embodiment of Delta."

Delta subsidiary buying Pa. oil refinery

ATLANTA -- Delta Air Lines subsidiary Monroe Energy LLC will buy an oil refinery in Pennsylvania from Phillips 66 for $150 million in an attempt to save money on rising fuel costs.

Atlanta-based Delta will spend another $100 million to convert the existing refinery infrastructure to maximize jet fuel production. Monroe got a $30 million job creation and infrastructure improvement incentive package from Pennsylvania, Delta noted. The deal should close in the first half of 2012.

The acquisition includes the Trainer refinery complex south of Philadelphia, which produces more than 185,000 barrels a day, plus pipelines and transportation assets that reach Delta's operations throughout the Northeast, where it hubs at LaGuardia and JFK.

Monroe will come to strategic sourcing and marketing agreements with BP and Phillips 66, Delta said.