Latest news with #Instrument
Sky News AU
2 days ago
- Politics
- Sky News AU
Transport Minister Catherine King's ministerial direction for Western Sydney Airport sparks concerns about safe 24/7 operation
The Albanese government's directive to prioritise noise abatement in Labor electorates surrounding Western Sydney International Airport has triggered warnings from aviation experts. Transport Minister Catherine King has unveiled flight paths for the new airport, declaring the measures a 'crucial step' for managing concerns over aircraft noise. The new plan includes a ministerial direction for Airservices Australia to make 'Reciprocal Runway Operations' (RRO) the default between 11pm and 5.30am. RRO requires aircraft to take off and land facing the same direction—towards the southwest—but using opposite ends of the single runway. 'I'll be issuing a ministerial direction to Air Services Australia… to make reciprocal runway operations the default operating mode at night,' Ms King said. She claimed the directive was to 'achieve the overall lowest possible impact on surrounding communities'. The directive comes as part of an effort to shield residents from jet noise in Western Sydney, where Labor holds 11 of 14 seats. However, aviation expert Captain Byron Bailey condemned the directive as 'almost farcical' and potentially dangerous, warning some carriers may reject the arrangement outright. 'Runway 23 will be the preferred runway due to the predominant wind direction,' Captain Bailey told Sky News. 'Nowhere in the world is (RRO) done like this. The resulting traffic confliction and holding would be ridiculous—possibly difficult for ATC to manage,' he said. Mr Bailey warned that if RRO procedures are perceived as burdensome or unsafe, international carriers may not be able to operate. 'Aircraft have an operational limitation of 10 knots downwind, so I can expect captains will be demanding an into-wind landing and ATC cannot refuse. This RRO is a joke for a 24/7 major single-runway airport.' The veteran pilot also raised safety concerns for large aircraft, such as the Airbus A380, noting that downwind take-offs are hazardous and would likely be refused by pilots. 'Take-offs for heavy B777/A380 would necessitate an into-wind take-off. A downwind take-off by 300-tonne-plus aircraft imposes additional hazard which pilots will refuse.' Aviation consultant and CEO of Strategic Air, Tony Stanton, however, offered a more measured assessment, telling Sky News that RRO could be used in most low-traffic overnight periods. 'The minister's statement rightly includes an important consideration—'when safe to do so',' Mr Stanton told Sky News. 'Given the Reciprocal Runway Operations mode is to be prioritised between 11pm and 5.30am, traffic density would typically be favourable… 'I expect the RRO mode to be used routinely and on most nights of the year.' Mr Stanton dismissed suggestions the directive amounts to a de facto curfew, stressing that Standard Instrument Arrivals (STARs) used globally already balance safety, noise mitigation and efficiency. 'Following a published STAR into Western Sydney International Airport is no different to flying into Sydney or Brisbane," he said. 'Curfews at international airports are generally uncommon and a last resort. All signs point to a commitment to operating this airport without a curfew—Sydney certainly needs it.'
Yahoo
19-04-2025
- Business
- Yahoo
Hapbee Applies for Management Cease Trade Order
VANCOUVER, British Columbia, April 18, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) ('Hapbee' or the 'Company'), the digital wellness technology company, announces that it anticipates a delay in the filing of the financial statements required pursuant to Parts 4 and 5 of National Instrument 51-102 Continuous Disclosure Obligations (the 'Instrument'). The delay stems from the replacement of the Company's last auditor, Olayinka Oyebola & Co., Chartered Accountants (the 'Former Auditor') in September of 2024. Shortly after the Company's current auditor, Morton Garellek, Chartered Professional Accountant (the 'Auditor') was appointed, the Former Auditor was charged with aiding and abetting securities fraud by the Securities & Exchange Commission in the United States. Since that time, the Auditor has been unable to obtain files and documentation relating to the Company from the Former Auditor, which now require the Auditor to perform additional audit procedures in order to complete the Issuer's audited consolidated financial statements. Both the Company and the Auditor continue to work diligently towards the completion and filing of the Company's financial statements and MD&A. The Instrument requires that the Company's audited consolidated financial statements, MD&A, and Chief Executive Officer ('CEO') and Chief Financial Officer ('CFO') certifications (collectively, the 'Required Filings') relating to the audited consolidated financial statements for the year ended December 31, 2024, be filed by April 30, 2025. The Company expects that the Required Filings will be completed and filed on or before June 30, 2025. In connection with the anticipated delays in making the Required Filings within the time periods mandated by the Instrument, the Company has made an application under National Policy 12-203 Management Cease Trade Orders ('NP 12-203') to the British Columbia Securities Commission, as principal regulator for the Company, requesting that a management cease trade order ('MCTO') be issued. If granted, the MCTO will restrict all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until two business days after the Required Filings are filed or until it is revoked or varied. The Company confirms that it intends to satisfy the provisions of the 'alternative information guidelines' described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release for so long as it remains in default of the requirement to make the Required Filings. The Company has not taken any steps towards any insolvency proceeding, and the Company has no material information relating to its affairs that has not been generally disclosed. About Hapbee Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform, and feel. Hapbee's digital wellness library of Blends and Routines utilizes patented ultra-low radio frequency energy (ulRFE®), designed to help optimize users' sleep, productivity, recovery, and downtime. Hapbee devices and subscriptions are available for purchase at and through a growing network of select distributors. You can learn more about how Hapbee works at Statements Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties, and other factors. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding the Company's ability to meet its planned product marketing and development initiatives and the Company's ability to achieve its e-commerce rollout and full-scale commercial launch as anticipated. Factors that could cause the actual results to differ materially from those in the forward-looking statements include, delays in design, production, manufacturing, development or releases of signal blends, collection of data from customer use, or the Company may not be able to achieve its targets as anticipated or at all; changes in legislation and regulations; increase in operating costs; equipment failures; failure of counterparties to perform their contractual obligations; litigation; the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These risks, uncertainties and assumptions could cause actual events or results to differ materially from those projected in any forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. CONTACT: Media Contact: Jonathan Sheeri jon@ T: 1 888-841-7086 in to access your portfolio
