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Comment transmettre son entreprise à son seul enfant repreneur, tout en récupérant 3 millions d'euros, sans léser les autres enfants ?Pour un dirigeant, sa société est l'œuvre de sa vie, mais aussi sa retraite.Comment concilier transmission et cashout ?- Une simple donation ne permet pas le cashout- Une cession pourrait asphyxier l'entreprise ou nécessiter des capitaux extérieursC'est dans ce cas qu'il faut penser au Family Buy Out (FBO).Cette opération combine les avantages du LBO classique avec ceux de la transmission familiale.Voici comment il fonctionne dans ses grandes lignes :1. Création d'une holding de reprise, détenue principalement par l'enfant repreneur2. Cette holding s'endette pour acquérir une partie des titres de l'entreprise auprès du dirigeant (le "cash-out")3. Parallèlement, le dirigeant consent une donation-partage à ses enfants, avec attribution préférentielle de l'entreprise au repreneur4. Les soultes dues aux autres enfants sont prises en charge par la holdingBien sûr, il y a des subtilités !Si vous êtes confronté à cette situation de transmission familiale avec cash-out et soultes, je vous recommande de consulter notre interview complète sur le FBO.Jean-Louis Médus, avocat spécialiste de ces opérations, détaille chaque étape technique du montage, les écueils à éviter et les dernières évolutions fiscales à prendre en compte.Vous y découvrirez notamment comment déterminer le niveau d'endettement optimal pour votre holding, comment sécuriser le pacte Dutreil dans ce contexte, et les clauses essentielles à insérer dans votre pacte d'associés.Voici l'organisation de notre épisode : [00:01:01] Définition du FBO et types d'actifs transmissibles[00:02:26] Les grandes étapes de mise en place d'un FBO[00:05:40] Les cas d'usage principaux du FBO[00:09:09] L'évaluation de l'entreprise dans un FBO[00:11:30] Pourquoi privilégier la donation-partage dans un FBO[00:14:28] Combiner démembrement et FBO : problématiques des dividendes[00:18:24] Les limites à ne pas franchir[00:21:42] Compatibilité entre le Pacte Dutreil et le FBO[00:28:25] Niveau d'endettement optimal pour la société holding[00:32:01] Pérenniser l'entreprise après le FBO[00:34:15] Intégration des managers dans un FBO[00:40:03] Points de vigilance pour un FBO réussi Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.
For decades, homeschooling in the U.S. was largely associated with white, religious, or affluent families. But as Danielle A. Melton reports, a growing number of Black families are turning to homeschooling, seeking a more rigorous, culturally relevant education for their children. In our penultimate installment of Tribal Justice: The struggle for Black Rights on Native Land (full story can be found on Audible.com), we hear about Michael Hill, a Cherokee Freedmen who was arrested by the Okmulgee Police in the fall of 2020. He fought to have his case transferred to tribal court because he's an enrolled citizen of the Cherokee Nation. After all, this was right after the McGirt decision, which returned criminal jurisdiction to tribal nations in Oklahoma when they involve Native people-like Michael. But, Michael's case was complicated-because of his status as a Black man with no blood quantum, his case did not qualify to be transferred. In this series, we've been exploring how centuries old laws have impacted people like Michael, and his brother Mikail, who was murdered in 2016. His case was transferred out of state court-even though like Michael, he is an enrolled Cherokee Freedmen. Listen as Allison Herrera and Adreanna Rodriguez give us the story.While return-to-office mandates make headlines in the United States, Kenya is developing the infrastructure and policy to become a global remote work destination. The capital, Nairobi, has earned a distinct nickname thanks in part to investment in telecommunications, education, and technology tailored to meet local needs. Here's Zaakirah Muhammad with more.Generosity often battles for space amid profit margins but here in Oklahoma, one small nonprofit in has managed to turn second-hand treasures into first-class impact. Park Avenue Thrift, a thrift store in Enid, didn't just settle for selling used clothing and furniture—it became a lifeline for other nonprofits, a backbone for community arts, and a catalyst for change. Recently, Park Avenue Thrift took home a major award from the Oklahoma Center for Nonprofits (OKCNP). Venson Fields spoke with the prize winners.This year's Ride to Remember and Ride for Equity cycling events kick off Saturday May 31st in Tulsa's historic Greenwood District. Osborne Celestain, founder of The Community Light Foundation which hosts Ride to Remember, and Linda Jackson of the Major Taylor Oklahoma Cycling Club will be cycling from Black Wall Street in Tulsa to Wall Street in New York City for the 1645 mile Ride for Equity. FBO's Bracken Klar pulled up with Celestain and Jackson.Throughout United States history, music has been the heartbeat of political movements, marches, and protests. For Black Americans especially, music has been a source of comfort and strength in the face of systemic injustice. For the second part of FBO's Culture and Music series, Tulsa musicians David B. Smith and Charlie Redd share music's power to heal, inspire, and fuel social change with Francia Allen. Focus: Black Oklahoma is produced in partnership with KOSU Radio & Tri-City Collective. Additional support is provided by the Commemoration Fund & Press Forward. Our theme music is by Moffett Music. Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana & Bracken Klar. Our associate producers are Smriti Iyengar & Naomi Agnew. Our production intern is Alexander Evans.You can visit us online at KOSU.org or FocusBlackOklahoma.com & on YouTube @TriCityCollectiveOK. You can follow us on Instagram @FocusBlackOK & on Facebook at Facebook.com/FocusBlackOK. You can hear Focus: Black Oklahoma on demand at KOSU.org, the NPR app, NPR.org, or wherever you get your podcasts.
It's rare to hear someone call hope a “bad strategy” but Dr. Charisse Burden-Stelly doesn't sugarcoat the truth. In a conversation with Focus: Black Oklahoma's Anthony Cherry, the Wayne State University Black Studies, political economy scholar, and author of Black Scare/ Red Scare: Theorizing Capitalist Racism in the United States explores the long history of racism, resistance, and radical ideas in this country. From McCarthyism to economic injustice, she invites us to think differently about freedom— and reminds us that real change comes from action, not just hope.As hate and division escalate globally, Holocaust scholar Dr. Carol Rittner returns to Tulsa with a call to action: remember the past and protect each other now. Speaking at this year's Yom HaShoah Interfaith Commemoration, Dr. Rittner challenges us to reject silence and embrace moral courage. Cory Ross has details.In our last installment of Tribal Justice: The struggle for Black Rights on Native Land (full story can be found on Audible.com), we heard about Michael Hill, a Cherokee Freedmen who was arrested by the Okmulgee Police in the fall of 2020. He fought to have his case transferred to tribal court because he's an enrolled citizen of the Cherokee Nation. After all, this was right after the McGirt decision, which returned criminal jurisdiction to tribal nations in Oklahoma when they involve Native people-like Michael. But, Michael's case was complicated-because of his status as a Black man with no blood quantum, his case did not qualify to be transferred. In this series, we've been exploring how centuries old laws have impacted people like Michael, and his brother Mikail, who was murdered in 2016. His case was transferred out of state court-even though like Michael, he is an enrolled Cherokee Freedmen. Listen as Allison Herrera and Adreanna Rodriguez give us the story.Throughout United States history, music has been the heartbeat of political movements, marches, and protests. For Black Americans especially, music has been a source of comfort and strength in the face of systemic injustices. For the first part of FBO's "Culture and Music" series, Tulsa musicians David B. Smith and Charlie Redd share how music has the power to heal, inspire, and fuel social change. FBO's Francia Allen is on the beat.Focus: Black Oklahoma is produced in partnership with KOSU Radio & Tri-City Collective. Additional support is provided by the Commemoration Fund & Press Forward. Our theme music is by Moffett Music. Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana & Bracken Klar. Our associate producers are Smriti Iyengar, Jesse Ulrich, & Naomi Agnew. Our production intern is Alexander Evans.You can visit us online at KOSU.org or FocusBlackOklahoma.com & on YouTube @TriCityCollective. You can follow us on Instagram @FocusBlackOK & on Facebook at Facebook.com/FocusBlackOK. You can hear Focus: Black Oklahoma on demand at KOSU.org, the NPR app, NPR.org, or wherever you get your podcasts.
Fear is rising as politicians nationwide target immigrants with their Trump-inspired rhetoric and policies. KOSU's Lionel Ramos reports Oklahoma's Latino immigrant community has been stirred into a panic. Translations in this story were voiced by Sierra Pfeifer. To read more about this legal clinic and immigration enforcement in Oklahoma, visit KOSU.org.In Oklahoma, as in many places, addiction carries a heavy stigma, particularly within the Black community. But as Focus: Black Oklahoma's Cory Ross reports, the Oklahoma Harm Reduction Alliance is working to change that perception, offering resources and support to reduce the harms associated with drug use. In this story Allison Herrera, one of the creator's of Tribal Justice: The struggle for Black Rights on Native Land (The full story can be found on Audible) we hear about Michael Hill, a Cherokee Freedmen who was arrested by the Okmulgee Police. He fought to have his case transferred to tribal court because he's an enrolled citizen of the Cherokee Nation. But, Michael's case was complicated-because of his status as a Black man with no blood quantum, his case did not qualify to be transferred. In this series. We've been exploring how centuries old laws have impacted people like Michael...and his brother Mikail-who was murdered in 2016. His case was transferred out of state court-even though like Michael, he is an enrolled Cherokee Freedmen. In an era of shifting political landscapes and renewed focus on cultural identity, the stories of three Kenyan-American women offer a compelling lens through which to examine the immigrant, and emigrant, experience. From the challenges of navigating a new political climate in the U.S. to the surprising benefits of life in Kenya, they share their unique perspectives on culture, connection, and tradition. Zaakirah Muhammad has details.Easter is a holiday steeped in tradition, often marked by new clothes and family gatherings. But for FBO correspondent Sondra Slade, the experience of shopping for the perfect Easter dress with her mother became a cherished memory that captures the spirit and anticipation of childhood. Focus: Black Oklahoma is produced in partnership with KOSU Radio & Tri-City Collective. Additional support is provided by the Commemoration Fund & Press Forward. Our theme music is by Moffett Music. Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana & Bracken Klar. Our associate producers are Smriti Iyengar, Jesse Ulrich, & Naomi Agnew. Our production intern is Alexander Evans.You can visit us online at KOSU.org or FocusBlackOklahoma.com & on YouTube @TriCityCollective. You can follow us on Instagram @FocusBlackOK & on Facebook at Facebook.com/FocusBlackOK. You can hear Focus: Black Oklahoma on demand at KOSU.org, the NPR app, NPR.org, or wherever you get your podcasts.
Tom Pinit's path to becoming a pilot was anything but conventional. As the son of Thai immigrants, he grew up believing he couldn't be a pilot due to vision requirements. After working in corporate consulting and land conservation, a layoff in 2019 pushed him to take a calculated risk: pursuing his dream of flying. With the unwavering support of his wife, Tom decided to pursue his dream of becoming a pilot. He started flight training at a Part 141 school, only to face another roadblock when the school shut down during the pandemic. He adapted—working at an FBO, becoming a CFI, flying aerial survey, and building hours however he could. Even after earning his ATP-CTP, job rejections kept coming. But he didn't give up. Now, he flies a Cessna Citation for a medical transport charter, where he plays a crucial role in life-saving missions, flying surgeons to retrieve organs under intense time constraints and challenging weather conditions. Tom's story is one of persistence, adaptability, and the sacrifices required to turn a passion into a career. What You'll Learn in This Episode: How Tom transitioned from corporate work to aviation The struggles of flight training during the pandemic and how he adapted What it's like to fly medical transport and the critical role pilots play in saving lives The challenges of weather, diversions, and time-sensitive missions in organ transport The reality of applying to aviation jobs and handling rejection Why perseverance, networking, and taking calculated risks can make all the difference Tom's journey proves that setbacks are just detours—if you're willing to keep flying forward. #Aviation #AviationCareers #pilotcareer #pilottips #pilotcareertips #aviationcrew #AviationJobs #AviationLeadership #flying #PilotSuccess #pilotpodcast #PilotPreparation #Pilotrecruitment #AviationEducation #AviationOpportunities #AviationPodcast #flyingtips #AirlineInterviewPrep #PilotDevelopment #PilotFinance #PilotExperience #PilotTraining
In the last year I don't think there is any area of fintech that has received more attention than the Banking-as-a-Service (BaaS) space. And it is not just the Synapse debacle, it is all the consent orders that have come out of the bank regulators. We have a banking system that pretty much demands that fintech companies partner with banks and we are still yet to figure out what the optimal business model is here.My next guest on the Fintech One-on-One podcast is Jason Mikula, the publisher of Fintech Business Weekly and the Head of Industry, Strategy, Banking and Fintech at the risk decisioning platform Taktile. He has become one of the leading authorities on BaaS and has recently authored a book on this topic. It is the most comprehensive look at BaaS and the many challenges it has faced and we delve into these challenges in this episode.In this podcast you will learn:How Jason ended up living in the Netherlands.His impetus for starting the Fintech Business Weekly newsletter.What attracted Jason to focus so much on Banking-as-a-Service.Why he decided to write a book on BaaS.How he frames the difference between BaaS and embedded finance.Why fintech companies have been attracted to omnibus or FBO accounts at banks.The interview that Jason did with founder and former CEO of Synapse, Sankaet Pathak.Where we are with the Synapse saga (as of mid-February, 2025).What Jason thinks the likelihood the impacted consumers will get their funds back.Whether we will ever learn what happened to missing 90-odd million dollars.His thoughts on the middleware model that was core to the development of BaaS.How he views the BaaS model evolving long term in the U.S.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
Our podcast show today features Jason Mikula, publisher of Fintech Business Weekly; a newsletter going beyond the headlines to analyze the technology, regulatory and business model trends, driving the rapidly evolving financial services ecosystem at the intersection of traditional banking, payments, FinTech and crypto. We discuss his recently released book, titled “Banking as a Service: Opportunities, Challenges, and Risks of New Banking Business Models” (Kogan Page 2024). The publisher describes the book as follows: “This book provides a comprehensive look at banking-as-a-service (BaaS), equipping readers with an understanding of the origins, evolution, future and applications of BaaS and the key differences across global markets.” BaaS is a game changer in the financial services sector, radically transforming both how consumers experience financial products and the business models delivering them. “Banking as a Service” cuts through the hype to provide a measured overview of BaaS, helping readers to demystify a complex evolving field, and understand its key opportunities, challenges, and risks. It provides a framework for understanding where BaaS came from, how BaaS changes the economics and business models of banking products and services, its impact on key stakeholders, and its key regulatory implications. “Banking as a Service” explains how business and operating models work, exploring different models such as interchange, deposit gathering, loan origination-to-distribute, legacy, API-first, own license, match-making and bank service providers, and offers a framework for thinking about whether or not they're sustainable. It explores how BaaS operating and business models compare in different global territories and is supported by real-world examples and cases profiling organizations such as Blue Ridge Bank, Unit, Synapse, Goldman Sachs, Railsr, Starling, Solaris, Cacao Paycard, QNB, OnePipe, Airwallex, Nium and Pomelo. It also explains the differences between BaaS, embedded finance and “open banking.” Alan and Jason discuss the answers to the following questions and topics: 1. What do we mean when we say "banking as a service"? 2. What are the different BaaS business models/operating models? 3. What led to the explosion in banking-as-a-service? 4. Why have bank/fintech partnerships had a rough go of it lately in the US and is that likely to change with a new administration? 5. What is (or what should be) regulators' role in supervising non-bank entities in the BaaS value chain (eg, middleware, customer-facing fintechs)? 6. What is an FBO and are FBOs the "original sin" of banking-as-a-service? 7. What advice would you give to banks considering getting into the BaaS space? How do you see the market evolving from here - for banks, for technology providers, and for customer-facing companies? 8. What advice would you give to fintechs that rely on a bank partner or are looking for one? Alan Kaplinsky, Senior Counsel and former chair for 25 years of the Consumer Financial Services Group, hosts the discussion.
In November, Monroe Nichols was elected Tulsa's first black mayor. On December 2nd, Nichols was sworn into office at the Cox Business Convention Center where he outlined his vision for the city over the next two years. Cory Ross has more. In the fall of 2020, Michael Hill, a Black citizen of the Cherokee Nation, woke up in the middle of the night to the sound of someone banging on the windows of his home. He called police for help, but the police arrested Michael in his own front yard. When trying to get his case heard in tribal court he was rejected because though he has tribal citizenship, he has no blood quantum and by federal law is not legally an Indian. His story is told in a newly released Audible Original documentary called Tribal Justice: The Struggle for Black Rights on Native Land, reported and written by two award-winning indigenous journalists, Allison Herrera and Adreanna Rodriguez. The following excerpt is the third installment of FBO's broadcast of the documentary.Medical gaslighting can impact patients with a range of conditions and some women experiencing menopause are vulnerable. Multiple factors contribute to accurate diagnosis and treatment for a process all women will go through. Francia Allen shares the details.FBO's Sondra Slade reminisces with her Aunts Mae Frances Stidham Stevenson, former queen of Oklahoma City's Eastside Roundup Club, and Lovenia Marie Stidham Moham about African American rodeo culture and its vibrant community, highlighting a rich legacy of horsemanship and family values. This series, as well as a photo exhibition featuring Black Rodeo photos by Jamie & Richard Glisson of ImpressOK Studio, is funded by a grant from Oklahoma Humanities. Please visit rodeo.kosu.org and sign up to receive further details on the February 1st, 2025 exhibition opening event.Focus: Black Oklahoma is produced in partnership with KOSU Radio and Tri-City Collective. Additional support is provided by the Commemoration Fund and Press Forward.Our theme music is by Moffett Music.Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana and Bracken Klar. Our associate producers are Jesse Ulrich and Naomi Agnew.
On November 5th, Monroe Nichols was elected Tulsa's first Black mayor in the city's 129 year history. FBO's Jamie Glisson followed Nichols and his team for the day.In the fall of 2020, Michael Hill, a Black citizen of the Cherokee Nation, woke up in the middle of the night to the sound of someone banging on the windows of his home. He called police for help, but the police arrested Michael in his own front yard. When trying to get his case heard in tribal court he was rejected because though he has tribal citizenship, he has no blood quantum and by federal law is not legally an Indian. His story is told in a newly released Audible Original documentary called Tribal Justice: The Struggle for Black Rights on Native Land, reported and written by two award-winning indigenous journalists, Allison Herrera and Adreanna Rodriguez. The following excerpt is the second installment of FBOs broadcast of the documentary.Though the holiday season can be a time of joy and celebration, for some families it can be a time of struggle and stress. The Tulsa Dream Center works to address some of these disparities. Here's Danielle A. Melton with details.Bishop Silvester Scott Beaman, the 139th Elected and Consecrated Bishop of the AME Church, and chair of the White House's Advisory Council on African Diaspora Engagement and longtime spiritual advisor to President Biden, reflects on his role in fostering connections between African Americans and the broader African diaspora. Here's our recent interview at Tulsa's historic Vernon AME Church, where Beaman shared his vision for strengthening ties and addressing challenges facing Black communities both in the U.S. and across the African continent.Greenwood Rising: The Rise of Black Wall Street is a new full-length motion picture that was released October 11th on the Fawesome and Future Today streaming platforms. This movie centers on O.W. Gurley, a visionary and trailblazing businessman whose hard work laid the groundwork for Tulsa's Greenwood District and the prosperous Black Wall Street. The film's director, Aaron L. Williams, and lead actress Fatima Marie, who plays Emma Gurley, spoke with FBO's Cepeda Cheeks about the film.Medicine, fashion, and film converge as Dawn Carter brings us the second of a three part series on Oklahoma's Black Rodeo and Culture.This series, as well as a photo exhibition featuring Black Rodeo photos by Jamie & Richard Glisson of ImpressOK Studio, is funded by a grant from Oklahoma Humanities. Please visit rodeo dot kosu.org and sign up to receive further details on the February 1st, 2025 exhibition opening event.Focus: Black Oklahoma is produced in partnership with KOSU Radio and Tri-City Collective. Additional support is provided by the Commemoration Fund and Press Forward.Our theme music is by Moffett Music.Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana and Bracken Klar. Our associate producer is Jesse Ulrich.
On today's newscast: Pitkin County and Atlantic Aviation are set to sign a billion-dollar, 30-year lease for Atlantic to operate the FBO at Aspen-Pitkin County Airport; the Aspen School District is working to expand its Career and Technical Education program; and states negotiating the future of the Colorado River appear to be far apart on new rules to share the shrinking water supply. Tune into these stories and more.
With the Synapse bankruptcy case seemingly nearing some kind of conclusion, impacted end users are left wondering, will they ever get their money back?While, at this point, Synapse cofounder and former CEO Sankaet Pathak can't really answer that question, he is able to provide greater context on what happened and why.In this podcast, recorded as a X (formerly Twitter) livestream yesterday, November 11th, I had the chance to interview Pathak and impacted depositors had an opportunity to ask him questions directly.Key takeaways I had from the conversation include:* Pathak revealed that Evolve had sent him a cease and desist as a result of him posting what he says is an anonymized version of the trial balance report of the funds Evolve held for end users.* A description of the process by which Evolve prepared and sent files to Synapse for reconciliation, including a possible reason why balances between Evolve's systems and Synapse's appeared to varied substantially day to day, and Evolve's claim that this wasn't something to worry about, Pathak said.* Pathak said that Evolve was aware of and acknowledged that fees owed to Tabapay were improperly debited from customer funds, but that Evolve disputed whether it was the bank's fault.* Synapse didn't want Synapse Brokerage to contract with Evolve or keep the Brokerage's funds at Evolve due to the known shortfalls, Pathak said.* The plan with the Brokerage structure, per Pathak, was that incoming funds would land in users' DDA accounts at Evolve, a portion of those funds that users would transact with would stay at Evolve, and the rest would be swept out to AMG. However, Pathak says, in late September or early October 2023, Evolve, without explanation why, ceased processing sweeps out of Evolve to AMG.* Pathak described how Evolve's reversal of position on funding the FBO shortfalls led to the collapse of the deal for Tabapay to acquire Synapse's assets and, ultimately, the collapse of the company and freeze of end user funds.* Pathak acknowledged taking two loans from the company, one in late 2023 and one in early 2024, which totaled $320,000. The transactions, Pathak said, were approved by the Synapse board — though, at the time, the board consisted of Pathak himself, a seed round investor that, and a Synapse cofounder. While Pathak didn't name specific individuals, per filings in the bankruptcy case, the seed investor is Doug Marchant and the Synapse cofounder is Hilary Quirk. Pathak declined to elaborate on the purpose of the loans, besides saying he had “good reasons” to do it, which would “become obvious” relatively soon.* Full reconciliation should be possible, Pathak said, but it would require the right data, resources, people, and time.* Pathak acknowledged anonymously leaking a letter that Synapse had sent to Evolve to me (which I suspected at the time but didn't know until now.)* According to Pathak, Synapse's board of directors, which, at points, included Andreessen Horowitz's Angela Strange, Trinity Venture's Schwark Satyavolu, and Core Innovation Capital's Arjan Schütte, was broadly aware of the issues Synapse faced, that they were “trying to do the right thing,” and that the board ask Pathak “not to shut down and escalate.”* While Chapter 11 trustee McWilliams and Judge Martin Barash have made numerous references to not being able to confirm or deny if they have made any referrals to law enforcement, Pathak said that he is not aware of any criminal investigation and has not been contacted by law enforcement authorities, though he did acknowledge speaking with broker-dealer self-regulator authority Finra.* When asked if, in the regular course of its business, Synapse had any interaction with Evolve's regulators, the St. Louis Federal Reserve or the Arkansas Department of Banking, Pathak indicated that it did not.Additional Context & Fact Checking* Pathak suggested that Evolve or others not suing him for defamation should be interpreted as a sign that he's telling the truth. However, Evolve has explicitly stated that it believes Pathak's claims about a shortfall of end user funds and the causes of it are “based on ledgers that are demonstrably inaccurate and that his company prepared” (see FAQ #17 here.) It's also worth noting that Evolve may have other reasons to avoid filing such a suit against Pathak — namely, that Evolve would presumably have to turn over relevant documents as part of discovery in any such suit.* Pathak said that Synapse launched the brokerage sweep program in October 2023, in response to Evolve raising Synapse's reserve requirement and withholding interest payments owed to end users, fintech programs, and Synapse. However, the Synapse Brokerage entity had been up and running for sometime by this point, and Synapse had been working with many of its programs to migrate them to the new structure since significantly earlier in 2023.* Asked directly if Pathak or Synapse ever inappropriately used end user funds, including using end user funds to meet bank reserve requirements, Pathak said he was not aware of any instances of customer funds being misappropriated. Pathak described the allegation that Synapse used customer funds to meet reserve requirements at Lineage as “factually false.” However, Pathak's answer glosses over that it was Synapse that would have instructed from Evolve to Lineage and, per my prior reporting, represented that these were Synapse's own funds, not end users'.* Pathak also denied that Synapse knowingly allowed fees Synapse owed to be debited from end user funds, saying that, as soon as such issues came to the company's attention, it alerted Evolve and worked to fix them. However, Pathak did not specify if when these types of issues occurred, whether or not end user balances were made whole.* Asked about his robotics startup's attempt to raise funds and purported relationship with GM, first reported by me and subsequently confirmed by CNBC, Pathak described the CNBC reporter as “a piece of s**t” and “highly unethical,” alleging that the reporter contacted an auto industry union leader, not GM, leading the union leader to threaten a strike if GM didn't pull out of the deal. However, the CNBC piece quoted a GM spokesperson as saying, “GM has never invested in Foundation Robotics and has no plans to do so. In fact, GM has never had an agreement of any kind with the company. Any claims to the contrary are fabricated.” GM sent me a statement to the same effect.Existing subscriber? Please consider supporting this newsletter by upgrading to a paid subscription. New here? 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Dueling Visions for Oklahoma & the United States at the 2024 RNC & DNCIn this special episode we reflect on the distinct political climates of the Republican and Democratic National Conventions held this year. In this special episode we highlight the contrasts of the two events: the RNC's urgent call to defend traditional American values and the DNC's optimistic vision for an inclusive future. Delves into how each party's platform impacts marginalized communities, women's reproductive rights, and Oklahoma's economic challenges. Through interviews with delegates and politicians, we show the stark differences in ideology and policy proposals between the two major parties with a particular focus on Oklahoma and Oklahomans.Focus: Black Oklahoma is produced in partnership with KOSU Radio and Tri-City Collective. Additional support is provided by The Commemoration Fund and Press Forward. This one hour special was made possible with support from KOSU Radio and Tri-City Collective. Special thanks to Rachel Hubbard, Ryan LaCroix, Robby Korth and Lori Walden. Special thanks to FBO correspondents Jamie Glisson and Shonda Little, who brought us this reporting on location in Milwaukee and Chicago.Our theme music is by Moffett (mawhfet) Music.Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana and Bracken Klar. Our associate producer is Jesse Ulrich. You can visit us online at KOSU.org, focusblackoklahoma.com, and on YouTube at Tri-City Collective. You can follow us on Instagram @FocusBlackOk and on Facebook at facebook.com/focusblackok.You can hear Focus: Black Oklahoma on demand for free at KOSU.org, the NPR app, NPR.org, or wherever you get your podcasts.
We visit the Brunswick Naval Aviation Museum in Maine and speak with the Vice President and Operations Manager, and the Executive Director. In the news, more furloughs and cost-cutting measures at Spirit Airlines, the FAA's final rule is out on powered-lift vehicles such as eVTOLS, a fuel top-off assumption leads to the loss of a Beechcraft B-60, the “doomsday plane” gets an official designation, and Boeing machinists vote again on a contract proposal. Guests At the Brunswick Naval Aviation Museum we spoke with Vice President and Operations Manager Jeff Smat and Executive Director John B. Briley. The Museum was founded in 2009 as a 501(c)3 non-profit corporation with a mission to preserve the rich heritage of NAS Brunswick (NASB) by honoring the tens of thousands of men and women who served here, educate the public about the history of maritime patrol aviation and NASB, and maintain a memorial for those NASB-based airmen who gave their lives in service to their country. The museum is located at 179 Fitch Avenue, Brunswick, ME 04011. Currently, the Museum and Memorial Gardens are open Wednesdays (10:00 am-4:00 pm) and Sundays (12:00 pm-4:00 pm). For more on SERE, see Survival, Evasion, Resistance, and Escape. Jeff Smat on the flight simulator. Aviation News Spirit to Furlough More Than 300 Pilots as Losses Mount Spirit Airlines is experiencing financial difficulty and a second-quarter net loss of $158 million. More red ink is expected for the third quarter. Last month the airline furloughed 186 pilots and plans to do the same for 330 more pilots effective January 31, 2025. (Spirit has 3,500 pilots.) About 120 captains are to be downgraded. Spirit says it will sell 23 of its Airbus A320 and A321 aircraft next year. That's a fleet reduction of about 11 percent. Energy Reserves and Pilot Training For eVTOLs Addressed in FAA's SFAR Rules The FAA issued its final rule for powered-lift vehicles, such as eVTOLS. The Integration of Powered-Lift: Pilot Certification and Operations; Miscellaneous Amendments Related to Rotorcraft and Airplanes - Final Rule adopts permanent amendments and a Special Federal Aviation Regulation (SFAR) for ten years to facilitate the certification of powered-lift pilots, clarify operating rules applicable to operations involving a powered-lift, and finalize other amendments which are necessary to integrate powered-lift into the National Airspace System (NAS). The Integration of Powered-Lift: Pilot Certification and Operations; Miscellaneous Amendments Related to Rotorcraft and Airplanes NPRM was issued in June 2023. Standing order to top off fuel tanks backfires on pilot In November 2022, the pilot of a Beechcraft B-60 (N51AL) assumed the FBO topped off the fuel tanks, per his standing fueling order, before hangaring the aircraft. But fuel was not added this time and the pilot landed in a cemetery when both fuel-starved Lycoming engines quit. The pilot and his wife sustained minor injuries. See Project Summary: Aviation Investigation - 3 Docket Items - ERA23LA050 from the NTSB. SNC Receives Second Boeing 747-8 for SAOC Conversion as Aircraft Gets E-4C Designation Sierra Nevada Corporation (SNC) now has the second of five Boeing 747-8s from Korean Air for conversion to “Doomsday aircraft,” which become airborne command centers during national emergencies. These provide critical command, control, and communication (C3) for the President, the Secretary of Defense, and the Chairs of the Joint Chiefs of Staff. The E-4C will replace the current fleet of E-4B Nightwatch B747-200 aircraft. The contract notice says the award was for $13 Billion. SOC recently cut the ribbon for its Survivable Airborne Operations Center (SAOC) at its Aviation Innovation and Technology Center (AITC) in Dayton, Ohio. This 100,000 sq. ft. hangar is located near Wright Patterson Air Force Base. Boeing Machinists head to the polls in decisive vote that could end strike
In this episode of Hanger Flying, Gabe Muller speaks with Matt Hutton from Airspace Auctions about the innovative approach to selling aircraft through online auctions. They discuss Matt's journey into aviation, the importance of community in the aviation sector, and the detailed process involved in aircraft auctions. The conversation highlights the unique lifestyle of aviation enthusiasts and the potential for building community spaces at airports. Matt shares insights into the challenges of hiring in the aviation industry and the innovative strategies Airspace Auctions employs to connect buyers and sellers effectively. Takeaways: Airspace Auctions provides a comprehensive aircraft sales process with no upfront costs and a 92% success rate. Their documentation includes 150 photos, walk-around videos, complete logbook scans, FAA documentation, and NTSB reports when applicable. The auction process includes a 30-60 day publication period followed by a 7-day live online auction. All sales are completed through AIC Title with required funding within 7 days and aircraft pickup within 14 days. The company has expanded to include FBO services at 3F2 (Cisco, TX) with fuel services coming in 30-45 days. Sound Bites: Ag Aviation's not just a job - it's a lifestyle." "About 10 to 15% of the people that buy from us actually do a pre-buy inspection. They buy these airplanes sight unseen." "We're transforming the way people transact their aircraft." "We're trying to add a level of transparency that's never happened in aircraft purchasing before." "We sell more airplanes on Facebook marketplace than anywhere else." Chapters 00:00 Welcome to Hanger Flying 01:27 Introduction to Airspace Auctions 02:46 The Journey into Aviation 04:44 Building a Community at the Airport 06:51 The Auction Process Explained 09:56 Innovations in Aircraft Sales Links: https://bids.airspaceauctions.com/ https://www.smokehousepilots.com/
Greenwood Rising: The Rise of Black Wall Street is a new full-length motion picture that was released October 11th on the Fawesome and Future Today streaming platforms. This movie centers on O.W. Gurley, a visionary and trailblazing businessman whose hard work laid the foundation for Tulsa's Greenwood District. The film's director, Aaron L. Williams, and lead actress Fatima Marie, who plays Emma Gurley, spoke with FBO's Cepeda Cheeks about the film.
On October 8, an Oklahoma City man who was born in Afghanistan was charged in federal court for an alleged terror plot. 27-year-old Nasir Ahmad Tawhedi faces one count of conspiring to conduct a terrorist attack, according to an affidavit filed by the FBI. While the story has made international news and went viral on social media, few are examining the potentially negative impact it could have on Oklahoma Muslims, including over 1,000 Afghan refugees who resettled in Oklahoma after the Taliban seized power. Shonda Little spoke with representatives from the Council on American-Islamic Relations and the Catholic Charities for the Archdiocese of Oklahoma City and Western Oklahoma about the positive impact this community brings to Oklahoma.In a state grappling with the boundaries of religion in public education, State Superintendent Ryan Walters' directive to incorporate Bible teaching in classrooms has sparked controversy and confusion. As schools reopen, the implementation of this mandate remains unclear, with educators, students, and religious leaders voicing diverse opinions on its appropriateness and constitutionality. Venson Fields has the story.Tuesday, November 5 as people across the country head to the polls to vote for President, and in other federal and local elections, history will be on the ballot in Tulsa. Monroe Nichols is running for mayor. FBO was at Nichols's election watch party as the results came in showing Nichols had won the most votes in the mayoral primary. If he wins the vote on the first Tuesday in November, he will be the first Black Mayor of Tulsa in the city's history. In the fall of 2020, Michael Hill, a Black citizen of the Cherokee Nation, woke up in the middle of the night to the sound of someone banging on the windows of his home. He called police for help, but the police arrested Michael in his own front yard. When trying to get his case heard in tribal court he was rejected because though he has tribal citizenship, he has no blood quantum and by federal law is not legally an Indian. His story is told in a newly released Audible Original documentary called Tribal Justice: The Struggle for Black Rights on Native Land, reported and written by two award-winning indigenous journalists, Allison Herrera and Adreanna Rodriguez. The following excerpt is the first installment of FBOs broadcast of the documentary.Ever been thrown from a horse? If you have, congratulations! You've just experienced the rodeo rite of passage: the ground's unwavering embrace. It's a lesson learned from Chaz Stephens' father, a retired cowboy with a knack for sage advice and questionable humor. But while rodeos might seem like a wild ride of bucking broncos they're also vibrant celebrations of Black culture, where community ties are as strong as calving ropes. Chaz Stephens brings us the first of a three part series on Oklahoma's Black Rodeos This series, as well as a photo exhibition featuring Black Rodeo photos by Jamie & Richard Glisson of ImpressOK Studio, is funded by a grant from Oklahoma Humanities. Please visit rodeo.kosu.org and sign up to receive further details on the February 1st, 2025 exhibition opening event.
Send us fan responses! What if you could unlock the secrets to family wealth preservation and ensure financial prosperity for generations to come? Join me, Don Kilam, also known as Malik Kalam, as we explore the critical steps to establishing and maintaining private family foundations and trusts. In our latest episode, we break down the essential strategies and legal structures that allow families to sustain wealth, focusing on the importance of insurance policies, the differentiation between fiat currency and real money, and the benefits of leveraging accounting laws for financial remedies. Learn how private contracts, strategic asset placement, and the right corporate structures can protect and grow your family's assets.We also discuss the significant advantages of setting up a 508(C)(1)(A) faith-based organization (FBO), an often overlooked alternative to the popular 501(c)3. Discover how this structure offers greater freedom of speech, fewer IRS reporting requirements, and the ability to receive unrestricted outside funding. Understand the broader implications of public trust and insurance and how government-issued documents can impact wealth transfer and taxation. By mastering these legal frameworks, you can optimize financial and operational freedoms, effectively supporting faith-based initiatives and family ministries.Lastly, we delve into asset protection and privacy strategies, exploring how states like Nevada, South Dakota, Alaska, Wyoming, and Delaware offer unique benefits for forming LLCs. Grasp the critical distinctions between manager-managed holding companies and member-managed operating companies, and the importance of private contracts in dispute resolution. We wrap up with an in-depth look at trustee responsibilities, including the doctrine of merger and the alter ego doctrine, and why separating personal benefits from trustee duties is crucial. Learn how to acquire an EIN without a social security number, the importance of maintaining trust minutes for audits, and how key man insurance can secure your family's financial legacy. Don't miss this comprehensive guide to sustaining family wealth and ensuring your family's financial future.FOLLOW THE YELLOW BRICK ROAD - DON KILAMGO GET HIS BOOK ON AMAZON NOW! https://www.amazon.com/Cant-Touch-This-Diplomatic-Immunity/dp/B09X1FXMNQ https://www.amazon.com/CapiSupport the showhttps://donkilam.com
This week the JPR fly down to Key West to check out the newly designed FBO and other colorful attractions. Plus what to do when you lose your vacuum pump during flight.
Welcome back to Bank Nerd Corner, featuring yours truly and the brilliant Kiah Haslett, Banking and Fintech Editor at Bank Director. First up: Kiah breaks down why "FBO" accounts need a rebrand as "Fintech Custody Accounts" (FCA) to better reflect today's BaaS landscape. Could this shift in lingo actually improve transparency in managing fintech partnerships? Next, they dive into the Federal Open Market Committee's looming rate cut decision, the first since 2020. With excitement brewing over potential mortgage rate dips, what will the impact be on commercial real estate and shrinking bank margins? How will the rate cut reshape the lending landscape? Finally, courtesy of the Synapse-Evolve Case,they dive into the FDIC's new rule on tighter fintech ledger controls—arguably the most exciting regulatory shakeup you didn't know you cared about. Plus, how the OCC's shift toward prioritizing financial health over traditional safety metrics could reshape banking. Are banks ready to monitor financial well-being like doctors track vital signs? Tune in to find out! 00:01:03: Call FBOs By Their Name: FCAs 00:07:49: Fed Rate Cuts: Central Bank Showdown 00:28:06 The FDIC's New Rule 00:49:04 Why Is The OCC So Focused On Financial Health? Sign up for Alex's Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/ And for more exclusive insider content, don't forget to check out my YouTube page. Follow Kiah: LinkedIn: https://www.linkedin.com/in/khaslett/ Twitter: https://twitter.com/khaslett Follow Alex: YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos LinkedIn: https://www.linkedin.com/in/alexhjohnson Twitter: https://www.twitter.com/AlexH_Johnson
Graduate Master Builders Curtis Lawson and Drew Ondrey (Partner at Southern Green Builders) explore the risks of owner-furnished materials (FBO) in custom home building and reveal the implications of how this route affects the whole team, schedule, and all the other moving parts of the project. Learn why FBO can lead to unexpected costs, quality issues, and project delays. Discover how builder-managed procurement can save time, money, and headaches in the long run. Essential listening for homeowners and builders navigating custom home projects. Key points: Hidden costs and risks of FBO Quality differences in materials Impact on project schedules and warranties Real-world FBO horror stories Advice for builders and homeowners Essential viewing for anyone planning or managing a custom home project. Avoid costly mistakes and ensure a smoother building process! Like what you heard?
The Tulsa County Family Center for Juvenile Justice, or FCJJ, was raided on Friday morning July 12th. Investigators with several law enforcement agencies spent an entire day and night removing boxes and electronic equipment from the Center, located at 500 W Archer St. in Tulsa.In Oklahoma City, frustration mounts as state officials highlight a $400 million dollar, funding shortfall for Langston University, the state's only Historically Black College & University. Despite a $5 billion dollar State budget surplus, Langston continues to receive a fraction of the support given to other state universities, prompting renewed calls for equitable funding. Anthony Cherry has details.In Oklahoma, where over 9,000 children are in foster care, Quinton and Danielle Melton have opened their hearts and home to more than 35 foster kids since 2016. For this Tulsa couple, it's about creating lasting memories and providing stability during uncertain times. Their journey reflects a broader effort to support foster children through innovative initiatives and community engagement. Zaakirah Muhammad has the story.Tulsa bid Kamren Larsen, the first Black BMX Olympian, farewell in style. USA BMX hosted a send-off party at their headquarters on July 16th, offering fans a final chance to meet and cheer on four of the five Olympians before they departed for France to compete for gold. Larsen sat down with FBO to share his excitement about this historic first.Jazz legend Freda Payne will be at Tulsa's The Church Studio July 27th for a book signing of her new biography “Band of Gold.” Payne spoke with FBO's Quraysh Ali Lansana about her legacy and the upcoming event.Focus: Black Oklahoma is produced in partnership with KOSU Radio and Tri-City Collective. Additional support is provided by the Commemoration Fund.Our theme music is by Moffett Music.Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana and Bracken Klar. Our associate producers are Smriti Iyengar and Jesse Ulrich. Gabby Requer is our production assistant.
A vote to change airline services at Richmond International Airport (RIC) was deferred to late August as opponents of the potential change strongly voiced their concerns. The Capital Region Airport Commission met Tuesday morning with standing room only. Dave Ress, with the Richmond Times-Dispatch, first reported about the airport's proposal and intentions of taking over fueling and other airline services from two local organizations. Richmond Jet Center and Million Air Richmond are the airport's fixed base operator (FBO). As such, they have handled services like airplane refueling, maintenance, and deicing for decades. Click here to continue reading on WTVR.com, a Henrico...Article LinkSupport the Show.
A vote to change airline services at Richmond International Airport (RIC) was deferred to late August as opponents of the potential change strongly voiced their concerns. The Capital Region Airport Commission met Tuesday morning with standing room only. Dave Ress, with the Richmond Times-Dispatch, first reported about the airport's proposal and intentions of taking over fueling and other airline services from two local organizations. Richmond Jet Center and Million Air Richmond are the airport's fixed base operator (FBO). As such, they have handled services like airplane refueling, maintenance, and deicing for decades. Click here to continue reading on WTVR.com, a Henrico...Article LinkSupport the Show.
We are releasing this interview ahead of the full podcast so fans and fans-in-the-making will have time to listen before the Paris 2024 Olympic BMX Racing events, which begin on August 1st and finish on August 2nd.Tulsa bid Kamren Larsen, the first Black BMX Olympian, farewell in style. Although this will be his first Olympic competition, Kam is an accomplished rider, having won gold at the 2023 Pan American Games. USA BMX hosted a send-off party at their headquarters, located in the historic Greenwood district, on July 16th. Fans were offered a final chance to meet and cheer on four of the five Olympians before Team USA departed to compete for gold in the Paris Olympics. Larsen sat down with FBO to share his excitement about this historic first.Focus: Black Oklahoma is produced in partnership with KOSU Radio and Tri-City Collective. Additional support is provided by the Commemoration Fund.Our theme music is by Moffett Music.Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana and Bracken Klar. Our associate producers are Smriti Iyengar and Jesse Ulrich. Special shout out to The bART Center for Music for granting us temporary residence to produce this podcast.
Marty sits down with Jason Mikula to discuss fintech, Synapse, Banking as a Service, and the general state of banking. Jason on Twitter: https://x.com/mikulaja Jason's Substack: https://fintechbusinessweekly.substack.com/ 0:00 - Intro1:42 - Background on the Synapse case12:19 - River & Unchained13:35 - Who is at fault?20:10 - FBO account structure24:36 - Impact on end users30:54 - Gradually, Then Suddenly & Zaprite32:32 - Unclear resolution and stain on fintech41:18 - Can small banks compete?49:46 - SVB and the state of the banking system57:00 - Are we seeing Chokepoint 2.0?1:03:58 - Plugs Shoutout to our sponsors: River Unchained Zaprite Gradually, Then Suddenly TFTC Merch is Available: Shop Now Join the TFTC Movement: Main YT Channel Clips YT Channel Website Twitter Instagram Follow Marty Bent: Twitter Newsletter Podcast
I discuss my tour of the G700 and the HIGHLY unprofessional CFA incident that occurred in the FBO. Plus, I reveal the new bed making mandate that's a pain in the butt for all CFAs! WAYS TO SUPPORT THIS PODCAST: ⭐️⭐️⭐️⭐️⭐️ Submit a 5-star rating/review
In May, Governor Kevin Stitt signed House Bill 4156, the controversial immigration legislation, into state law. The United States Justice Department reacted quickly by keeping its promise to file a lawsuit deeming the measure unconstitutional under the Supremacy clause. Proponents and opponents agree the law will drastically change the landscape of immigration in Oklahoma. As Oklahoma Attorney General Gentner Drummond prepares to defend House Bill 4156 in federal court and the federal government prepares to react days later in the same court, Shonda Little brings us statements from those fighting on both sides.In workplaces across the nation, many women quietly struggle with menstrual health issues that affect their well-being and productivity. Despite the impact of menstrual pain and the stigma that often surrounds it, necessary support and facilities like private restrooms and free sanitary products are often lacking. This gap highlights the urgent need to destigmatize menstruation and adopt more inclusive workplace policies. Zaakirah Muhammed has the story.Whether it's finding purpose, developing new skills, or giving back to the community that once cheered them on, Beyond the Ball is there to ensure that no athlete is left behind, reminding them that the game may have ended, but their journey has just begun. Anthony Cherry has more.Retirement usually signals a shift towards leisure, but for Katherine Penny Mitchell and Deborah J. Hunter, it marked the beginning of a new chapter in the Tulsa art scene. Mitchell now crafts stunning jewelry, including a permanent art installation at Vernon AME Church and Hunter has embraced spoken word, collaborating across genres. Their bold reinvention inspires women reimagining their own retirements. Here's Francia Allen.The Legacy Open Rodeo on June 29th will be produced by Oklahoma's only female rodeo producer. Tiffany Guess spoke with FBO's Jamie Glisson about how she got started in rodeo and what she hopes her legacy will be.Have you noticed the rising prices of, like- EVERYTHING these days?? Sondra Slade shares her unique perspective on gas and egg prices that blends humor with the practical realities of managing a household budget and the subtle ways in which rising costs influence family life and decision-making.Focus: Black Oklahoma is produced in partnership with KOSU Radio and Tri-City Collective. Additional support is provided by the Commemoration Fund.Our theme music is by Moffett Music.Focus: Black Oklahoma's executive producers are Quraysh Ali Lansana and Bracken Klar. Our associate producers are Smriti Iyengar and Jesse Ulrich. Gabby Requer is our production assistant.
From the roots of a corporate flight department, to operating an FBO, Jet Out now has their sites on building a sustainable fractional model on the Cessna Citation CJ4 platform. Some of the topics we'll cover: Jet Out origins Why the CJ4? How to operate profitably Flight Path on Spotify: https://open.spotify.com/show/731GLRs2tO2ZyL9bzGseXs Jet OUT Links Matt Wild LinkedIn: https://www.linkedin.com/in/joecrivello/ Joseph Crivello LinkedIn: https://www.linkedin.com/in/matt-wild-48aba82b/ Jet OUT: https://jetout.com/ FLYING's Links flyingmag.com flyingfinance.com avbuyer.com aircraftforsale.com Preston on Social Media: Twitter/X: x.com/prestonholland6 LinkedIn: linkedin.com/in/prestonholland
In this episode of The Malibu Guru Podcast, Joe recounts his recent ferry flight in a Kodiak 100 from Turkey to Texas, sharing his experiences and challenges. He highlights the importance of having a reliable flight management company, such as Shepherd Aero, to handle logistics and provide support. Joe also discusses the impressive MSO Air and Space Museum in Turkey. He shares his encounter with severe icing and the decision to divert. He emphasizes the importance of making conservative piloting decisions and prioritizing safety. If you would like to watch this podcast, please visit our YouTube Channel! Visit our website at https://flycasey.com/Visit our NEW YouTube Channel: https://www.youtube.com/@caseyaviationFollow us on Facebook! https://www.facebook.com/CaseyAviationIf you are interested in speaking to us about our Buyer's Agent Services, fill out a questionnaire for pistons or turbines HERE.Our current inventory of airplanes available can be found HERE.Give us a call at (903)284-9245 if you have any other questions or want to speak to us about any of the services we provide.If you'd like to submit a question for Joe to answer on the podcast, please send it to clint@flycasey.com
Millions of fintech app users have lost access to their cash. In this episode, we explain why this happened and show you how to protect yourself when placing cash with traditional banks, neobanks, and fintech platforms.Topics covered include:The mass chaos in the fintech space spawned by the bankruptcy of Synapse Financial TechnologiesWhat are FBO accounts, and why they are so troublesomeWhat is the difference between a traditional bank, a neo bank, and a non-bankWhat to look for and protect yourself when investing your cash savingsSponsorsNetSuite Delete Me – Use code David20 to get 20% offOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesCHAPTER 11 TRUSTEE'S INITIAL STATUS REPORT BY UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA SAN FERNANDO VALLEY DIVISION—CourtListenerFintech platform Synapse raises $33M to build ‘the AWS of banking' by TechCrunch—SynapseX Post by Jason Mikula—X"Full Reconciliation... May Not Be Possible," Synapse Trustee Says by Jason Mikula—Fintech Business WeeklyMercury Seeking $30M From Synapse, Emergency Court Filing Reveals by Jason Mikula—Fintech Business WeeklyInfighting among fintech players has caused TabaPay to ‘pull out' from buying bankrupt Synapse by Mary Ann Azevedo—TechCrunchFintech startup Copper forced to discontinue banking services amid Synapse fiasco by Taylor Soper—GeekWirea16z-backed Tellus wants to offer consumers a much better savings rate. Here's how. by Mary Ann Azevedo—TechCrunchFDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance—FDICRelated Episodes440: Beware of Platform Risk424: Are More Bank Runs Coming? The Collapse of Silicon Valley Bank412: Where to Invest Your Cash Savings for Higher Yields304: A 15% Guaranteed Return? Lending on the Fringes of FinanceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
J-Bone recaps and reviews the emotional 2024 Formula 1 Monaco Grand Prix that featured Charles Leclerc FINALLY winning his home race! J-BONE! Thank you to my sponsors: MasterClass: Get an additional 15% off any annual membership at https://www.MasterClass.com/FORMULA (30-day money-back guarantee!) BlueChew: Try for FREE with code FBO at checkout on https://www.bluechew.com (just pay $5 shipping) Shop Formula Bone Merch: https://www.bolenmedia.com/shop/formula-bone Become a Formula Bone YouTube channel member to get your name shouted out: https://www.youtube.com/channel/UCAOFSwIi8EXEph8vS805-kQ/join Join 1,000+ members of the Bone Brigade in the Formula Bone Discord: https://discord.gg/YwsAtSCGNX Follow Formula Bone & J-Bone on all social media @FormulaBone & @JaredBorislow Original music by 7toMidnight Presented by Bolen Media: BolenMedia.com
J-Bone previews & predicts this weekend's 2024 Formula 1 Miami Grand Prix! J-BONE! Thank you to my sponsors: goodr sunglasses: FREE shipping with code FBONE at https://www.goodr.com/FBONE (30-day money back guarantee!) BlueChew: Try for FREE with code FBO at checkout on https://www.bluechew.com (just pay $5 shipping) Shop Formula Bone Merch: https://www.bolenmedia.com/shop/formula-bone Become a Formula Bone YouTube channel member to get your name shouted out in my videos: https://www.youtube.com/channel/UCAOFSwIi8EXEph8vS805-kQ/join Join 1,000+ members of the Bone Brigade in the Formula Bone Discord: https://discord.gg/YwsAtSCGNX Original music by 7toMidnight Presented by Bolen Media: BolenMedia.com Follow Formula Bone, J-Bone, and Bolen Media on all social media: @FormulaBone, @JaredBorislow, @BolenMedia
Welcome to the 80th episode… eight zero… of the Lessons from the Cockpit show! I am your host Mark Hasara and for over 60 years my passion has been all things aviation. This is episode two with the Flight Operations Director Jamie McCarthy of Port City Air on what used to be Pease Air Force Base in Portsmouth, New Hampshire. In this episode he's going to talk about FBO planning and execution lessons learned when you have everything from big airplanes like a C-5M Galaxy to Executive Jets like Gulfstream G550 needing services at Port City Air. Every once in a while things don't go the way they're planned and Jamie tells a great story about how they obtained a massive C-5 tow bar when a Galaxy had a bleed duct failure and how to handle a fuel truck hitting a G550 winglet. The Lessons from the Cockpit show is financially supported by Wall Pilot, custom aviation art for the walls of your home, office, or hangar; these are incredibly detailed aircraft profiles printed on vinyl in four, six, and eight foot lengths you can peel off and stick on any flat surface. There are 144 ready to print aircraft profiles on the Wall Pilot homepage. Wall Pilot can also draw your favorite airplane with your name, unit, squadron, and your favorite weapons load. Just go to wallpilot.com and fill out the custom survey for your airplane. We also do unit patches, which we've found out all of our stuff is waterproof! Jamie speaks about several A-10 Warthog aircraft that come through Port City Air FBO for servicing during Large Force Exercises in Europe. This A-10 Warthog is from the Indiana Air National Guard Black Snakes squadron, the Hawg as it is called is the ground grunts best friend! While he and I were walking around the airfield several KC-135s were operating from the Pease ramp. This KC-135 is the airplane that had my name on it in the 90s while stationed with the 909th Air Refueling Squadron, Kadena Air Base in Okinawa Japan. When aircraft are deploying to Europe or the Middle East, chances are good that KC-10 Extenders are dragging them across the pond. This KC-10 is from the 60th Air Mobility Wing based at Travis Air Force Base near San Francisco California. The F-15 Eagle has always been one of my favorite airplanes! this is an F-15E from The 391st Fighter Squadron "Bold Tigers" based at Mountain Home Air Force Base, Idaho. It is carrying a Close Air Support and Battlefield Air Interdiction weapons load of GPS and laser-guided bombs with air-to-air missiles. Thanks for downloading and listening to this episode of the Lessons from the Cockpit show. We are almost at 27,000 downloads now. This and previous episodes of the Lessons from the Cockpit show can now be found on my YouTube channel @MarkHasara. I'm now posting the audio and video on my YouTube channel! I also do some pretty fantastic short videos on aviation and military subjects on my YouTube channel. You can also find all episodes of the lessons from the cockpit show on my website at www.markhasara.com Next week we'll hear from the highest scoring MiG Ace of the Vietnam War and talk to him about chasing and shooting down MiGs but also being a Fast Forward Air Controller doing Road Reconnaissance at night along the Ho Chi Minh trail. Thanks for tuning in and we'll talk to you next week on the Lessons from the Cockpit show.
Welcome to the 80th episode… eight zero… of the Lessons from the Cockpit show! I am your host Mark Hasara and for over 60 years my passion has been all things aviation. This is episode two with the Flight Operations Director Jamie McCarthy of Port City Air on what used to be Pease Air Force Base in Portsmouth, New Hampshire. In this episode he's going to talk about FBO planning and execution lessons learned when you have everything from big airplanes like a C-5M Galaxy to Executive Jets like Gulfstream G550 needing services at Port City Air. Every once in a while things don't go the way they're planned and Jamie tells a great story about how they obtained a massive C-5 tow bar when a Galaxy had a bleed duct failure and how to handle a fuel truck hitting a G550 winglet. The Lessons from the Cockpit show is financially supported by Wall Pilot, custom aviation art for the walls of your home, office, or hangar; these are incredibly detailed aircraft profiles printed on vinyl in four, six, and eight foot lengths you can peel off and stick on any flat surface. There are 144 ready to print aircraft profiles on the Wall Pilot homepage. Wall Pilot can also draw your favorite airplane with your name, unit, squadron, and your favorite weapons load. Just go to wallpilot.com and fill out the custom survey for your airplane. We also do unit patches, which we've found out all of our stuff is waterproof! Jamie speaks about several A-10 Warthog aircraft that come through Port City Air FBO for servicing during Large Force Exercises in Europe. This A-10 Warthog is from the Indiana Air National Guard Black Snakes squadron, the Hawg as it is called is the ground grunts best friend! While he and I were walking around the airfield several KC-135s were operating from the Pease ramp. This KC-135 is the airplane that had my name on it in the 90s while stationed with the 909th Air Refueling Squadron, Kadena Air Base in Okinawa Japan. When aircraft are deploying to Europe or the Middle East, chances are good that KC-10 Extenders are dragging them across the pond. This KC-10 is from the 60th Air Mobility Wing based at Travis Air Force Base near San Francisco California. The F-15 Eagle has always been one of my favorite airplanes! this is an F-15E from The 391st Fighter Squadron "Bold Tigers" based at Mountain Home Air Force Base, Idaho. It is carrying a Close Air Support and Battlefield Air Interdiction weapons load of GPS and laser-guided bombs with air-to-air missiles. Thanks for downloading and listening to this episode of the Lessons from the Cockpit show. We are almost at 27,000 downloads now. This and previous episodes of the Lessons from the Cockpit show can now be found on my YouTube channel @MarkHasara. I'm now posting the audio and video on my YouTube channel! I also do some pretty fantastic short videos on aviation and military subjects on my YouTube channel. You can also find all episodes of the lessons from the cockpit show on my website at www.markhasara.com Next week we'll hear from the highest scoring MiG Ace of the Vietnam War and talk to him about chasing and shooting down MiGs but also being a Fast Forward Air Controller doing Road Reconnaissance at night along the Ho Chi Minh trail. Thanks for tuning in and we'll talk to you next week on the Lessons from the Cockpit show.
Here is what airports WANT you to know!
This Photographer had an $11K January with Jessica Pimental - Episode 97 of the Sustainable Freedom with Boudoir Photography Podcast with Tracy Lynn! How Jessica Hit an $11K Month With the Help of Forever Booked Out I know that stepping out and going full-time as a boudoir photographer can be pretty intimidating. There's the marketing, the client experience, the booking, the ordering sessions — and then you have to wear literally every hat in between to make things work. It's a lot, and it can definitely stop you in your tracks! But I challenge you to think about what's on the other side of that fear… A job you love. Working with people you enjoy, doing something you enjoy. Financial freedom. Freedom to work when you want, where you want. And so much more… You never know until you try, right? That's why I want to introduce you to Jessica, a student from Forever Booked Out. In this week's episode of the Sustainable Freedom With Boudoir Photography Podcast, she opens up about her experience inside the program, and how it helped her reach an $11K month. We'll talk about how this one leap of faith changed SO MUCH in her boudoir business, and we'll share more details about what it's like inside of FBO! #boudoirphotographer #boudoir #boudoirphotographytips RESOURCES MENTIONED IN THIS EPISODE: Jessica website: https://www.beedendesign.com/boudoir Jessica IG: https://www.instagram.com/candidbeautyboudoir/ Forever Booked Out: https://tracylynncoaching.com/forever-booked-out/ Fully Booked Without Burnout: https://tracylynncoaching.com/fully-booked-without-burnout/ Join my email list for more photography tips and tricks: https://rebrand.ly/tlcnewsletter Watch my FREE Masterclass to learn how to book out your photography schedule! https://tracylynncoaching.com/booked-out-photographer-registration/
J-Bone previews & predicts this weekend's 2024 Formula 1 Chinese Grand Prix, marking Formula Bone's first-ever Chinese Grand Prix preview! J-BONE! Thank you to my sponsors: BlueChew: Try for FREE with code FBO at checkout on https://www.bluechew.com (just pay $5 shipping) Indeed: Get a $75 sponsored job credit at https://www.Indeed.com/FBONE Shop Formula Bone Merch: https://www.bolenmedia.com/shop/formula-bone Become a Formula Bone YouTube channel member to get your name shouted out in my videos: https://www.youtube.com/channel/UCAOFSwIi8EXEph8vS805-kQ/join Join 1,000+ members of the Bone Brigade in the Formula Bone Discord: https://discord.gg/YwsAtSCGNX Original music by 7toMidnight Presented by Bolen Media: BolenMedia.com Follow Formula Bone, J-Bone, and Bolen Media on all social media: @FormulaBone, @JaredBorislow, @BolenMedia
Welcome to the seventy-ninth episode of the Lessons from the Cockpit show! This one was done on location so get ready for some cool background jet noise! My wife and I recently were guests of Port City Air, a Fixed Base Operations or FBO at my first base of assignment Pease Air Force Base in Portsmouth, New Hampshire. Port City Air has an incredible reputation among military fliers! I walked the ramp with Port City Air's Director of Flight Operations Jamie McCarthy while recording our conversation. We had a blast discussing what an FBO does, watching props, jets, and helos coming in and going out... including a scary moment when an engine quit! Jamie explains what it takes to keep military and civilian aviation moving 24/7/365... to include a broken C-5! This episode of the Lessons from the Cockpit show is financially supported by Wall Pilot, custom aviation art for the walls of your home, office, or hanger. Go by www.wallpilot.com and order one or two of the Ready-to-Print four, six, or eight foot long aircraft profiles printed on vinyl you can peel off and stick to any flat surface. Wall Pilot also creates custom aircraft profiles of your favorite aircraft with your name, tail number and weapons load on the aircraft, from WWII P-51 Mustangs to F-35 Lightning IIs and F-22 Raptors. While Jamie and I walked the ramp a KC-135 was being refueled for another operational mission the next day. This KC-135 was my personal jet while stationed at Kadena Air Base on the island of Okinawa Japan in the 1990s. Twenty one years later I flew home Space Available from England on tail number 8874, which had 26,000 hours on the air frame and over 16,000 landings! All kinds of fighters fly in and out of Pease International Airport now. This F-15E from the 335th Fighter Squadron was the jet flown by one of my guests during the Battle of Robert's Ridge on 4 March 2002, a low point in Operation Anaconda because of the loss of so many soldiers and a Navy SEAL. The F-16 is one of the most popular fighter aircraft in the world. This F-16CJ Wild Weasel is assigned to the 35th Fighter Wing and the 14th Fighter Squadron Samuaris out of Misawa Air Base in Japan. The Crew Chief of this jet took a black grease pencil and filled in the corners of the 8s on the tail, the airplane is still called 'BOB' to this day. The Crew Chief said it stood for "Bombs over Baghdad." Jamie mentioned during the show KC-10s often stop at Pease International while flying missions to and from Europe and the Middle East. This KC-10 is assigned to the 60th Air Mobility Wing at Travis AFB in California. Three KC-10s had left Pease and Port City Air's ramp the day before we arrived. There is only ONE fighter aircraft in the history of the world that has never been shot down in combat, the McDonnell Douglas F-15 Eagle. This F-15C from Desert Storm was the 33rd Tactical Fighter Wing's flagship and shot down three Iraqi fighter jets during the conflict. Thanks once again for downloading this and previous episodes of the Lessons from the Cockpit show, which can be found at www.lessonsfromthecockpit.show or on my website at www.markhasara.com. All episodes are now on my Lessons from the Cockpit YouTue channel also. Next week we will finish our discussion with Jamie McCarthy on Fixed Base Operations and what Port City Air does for customers coming through Pease International Airport.
Welcome to the seventy-ninth episode of the Lessons from the Cockpit show! This one was done on location so get ready for some cool background jet noise! My wife and I recently were guests of Port City Air, a Fixed Base Operations or FBO at my first base of assignment Pease Air Force Base in Portsmouth, New Hampshire. Port City Air has an incredible reputation among military fliers! I walked the ramp with Port City Air's Director of Flight Operations Jamie McCarthy while recording our conversation. We had a blast discussing what an FBO does, watching props, jets, and helos coming in and going out... including a scary moment when an engine quit! Jamie explains what it takes to keep military and civilian aviation moving 24/7/365... to include a broken C-5! This episode of the Lessons from the Cockpit show is financially supported by Wall Pilot, custom aviation art for the walls of your home, office, or hanger. Go by www.wallpilot.com and order one or two of the Ready-to-Print four, six, or eight foot long aircraft profiles printed on vinyl you can peel off and stick to any flat surface. Wall Pilot also creates custom aircraft profiles of your favorite aircraft with your name, tail number and weapons load on the aircraft, from WWII P-51 Mustangs to F-35 Lightning IIs and F-22 Raptors. While Jamie and I walked the ramp a KC-135 was being refueled for another operational mission the next day. This KC-135 was my personal jet while stationed at Kadena Air Base on the island of Okinawa Japan in the 1990s. Twenty one years later I flew home Space Available from England on tail number 8874, which had 26,000 hours on the air frame and over 16,000 landings! All kinds of fighters fly in and out of Pease International Airport now. This F-15E from the 335th Fighter Squadron was the jet flown by one of my guests during the Battle of Robert's Ridge on 4 March 2002, a low point in Operation Anaconda because of the loss of so many soldiers and a Navy SEAL. The F-16 is one of the most popular fighter aircraft in the world. This F-16CJ Wild Weasel is assigned to the 35th Fighter Wing and the 14th Fighter Squadron Samuaris out of Misawa Air Base in Japan. The Crew Chief of this jet took a black grease pencil and filled in the corners of the 8s on the tail, the airplane is still called 'BOB' to this day. The Crew Chief said it stood for "Bombs over Baghdad." Jamie mentioned during the show KC-10s often stop at Pease International while flying missions to and from Europe and the Middle East. This KC-10 is assigned to the 60th Air Mobility Wing at Travis AFB in California. Three KC-10s had left Pease and Port City Air's ramp the day before we arrived. There is only ONE fighter aircraft in the history of the world that has never been shot down in combat, the McDonnell Douglas F-15 Eagle. This F-15C from Desert Storm was the 33rd Tactical Fighter Wing's flagship and shot down three Iraqi fighter jets during the conflict. Thanks once again for downloading this and previous episodes of the Lessons from the Cockpit show, which can be found at www.lessonsfromthecockpit.show or on my website at www.markhasara.com. All episodes are now on my Lessons from the Cockpit YouTue channel also. Next week we will finish our discussion with Jamie McCarthy on Fixed Base Operations and what Port City Air does for customers coming through Pease International Airport.
Every pilot has a unique story to tell in the vast expanse of the aviation industry. Shelbey Hooker joins us to share her journey through the clouds marked by pivotal moments that shaped her career trajectory. Tune in as we delve into crucial moments from Shelbey's aviation odyssey and glean wisdom from her experiences. Key takeaways to listen for Key moments that directed Shelbey in her aviation career journey Insights on the balance between protecting children and allowing them to explore The importance of adapting to new changes and trends in the aviation industry Complexities of owning and managing an aircraft Advice for those interested in pursuing careers in aviation About Shelbey Hooker Shelbey's aviation journey began in 2008 when she started helicopter flight training while working as a customer service rep at an FBO in Phoenix, AZ. Thriving in private aviation, she earned multiple ratings in airplanes and helicopters. She then moved to General Atomics, piloting unmanned aircraft during wartime deployments for Operation Enduring Freedom. Transitioning back to civilian aviation in 2013, she excelled as a client relationship manager and was promoted to oversee ownership cycles for a HondaJet sales dealership. In 2021, she became the director of managed aircraft services at a growing aviation operation. Recognized by the National Business Aviation Association as one of the "Top 40 Under 40," she co-founded the Red Note Foundation, supporting music programs in Arizona schools. She's also an active volunteer for organizations like Women in Aviation and NBAA. Shelbey holds a B.S. in Professional Aeronautics from Embry-Riddle Aeronautical University. Connect with Shelbey Website: SOLJETS LinkedIn: Shelbey Hooker Instagram: @rednotefoundation Connect with Us Website: Angel Flight West LinkedIn: Alan Underwood YouTube: Plane Success Instagram: @thealanunderwood Facebook: Alan Underwood
In this episode James talks about his recent aviation journey and what led to his desire to start pursuing his Private Pilot Certificate. From childhood memories of large regional air shows at THA, to day to day interactions with clients and friends in aviation, there are lots of ties to aviation. Living in Tullahoma with one of the greatest airports around, also helps a bit to nudge someone with a slight interest into pursuing more. Tullahoma Regional Airport boasts multiple runways, a skydiving center, and a first class FBO. The Beechcraft Heritage Museum sits just off the end of runway 18/36 and is probably one of the top aviation museums in the nation. Add in the Arnold Engineering Development Center Air Force Base just a few miles down the street, and you don't have to go very far to get exposed to planes, flying, and the skies. ReferencesBeechcraft Heritage MuseumTullahoma Regional AirportTable Topics Discussion Cards
George Livings spent a lot of time in Orlando, serving First Baptist Church with their well-known "The Living Christmas Tree" presentation. His play, "The Last Adam," is being presented at FBO during theweek of the 19th of February. Joining him from the play are his assistant and son Alex Livings, and the Casting Director Darla Hayward. Also in this episode, the amazing story of Alex Pickens, a chaplain serving first responders.
Host Max Trescott discusses the fatal crash of a Falcon jet in Georgia with aviation expert Rob Mark. The NTSB final report revealed a series of factors contributing to the accident. These included misreading a NOTAM regarding the ILS glideslope, difficulty entering the initial approach fix into the navigation system, high and fast arrival at the final approach fix, unauthorized use of airbrakes. It's also possible that they didn't realize the ILS approach required flying a procedure turn. They were also flying a black hole approach in dark night conditions with minimal ground lights, but apparently weren't referencing the PAPI visual indicator. The captain, aged 73, had extensive flight experience but had undergone retraining due to unsatisfactory performance in certain areas. The first officer, aged 63, had a significant number of flight hours, but received only a Second in Command (SIC) type rating, because of performance issues. The podcast delves into the transcript of communications between the flight crew and Atlanta Center, highlighting confusion regarding NOTAMs and the approach procedure. The crew, flying a cargo route from El Paso to Thomson, Georgia, requested information on the ILS approach, but there was a misunderstanding regarding the status of the glideslope and localizer. The approach required a procedure turn, which the crew seemingly missed, leading to an unstable approach. There were delays in programming the initial approach fix (IAF) into the navigation system, possibly due to confusion over the fix's identification. The crew ultimately crossed the IAF at an altitude significantly higher than prescribed, leading to a steep descent to intercept the glideslope. Max created a software simulation of the final minutes of the flight that revealed a rapid descent rate and an unstable approach. Despite warnings from the captain about being high, attempts to correct the descent were ineffective, ultimately resulting in impact with trees just short of the runway. This was a classic black hole approach, in which there are few lights on the ground before the runway. A Boeing simulator study of a black hole approach showed that pilots consistently crash short of the runway, and so they must have either an electronic or visual glide slope. During this accident, the glide slope was out of service. If you're getting value from this show, please support the show via PayPal, Venmo, the Cash app, Zelle or Patreon. Support the Show by buying a Lightspeed ANR Headsets Max has been using only Lightspeed headsets for nearly 25 years! I love their tradeup program that let's you trade in an older Lightspeed headset for a newer model. Start with one of the links below, and Lightspeed will pay a referral fee to support Aviation News Talk. Lightspeed Delta Zulu Headset $1199 Lightspeed Zulu 3 Headset $899Lightspeed Sierra Headset $699 My Review on the Lightspeed Delta Zulu Send us your feedback or comments via email If you have a question you'd like answered on the show, let listeners hear you ask the question, by recording your listener question using your phone. News Stories 2 dead after airplane crash near Utah-Colorado border Grumman GA-7 Cougar Twin crashes in Pennsylvania FAA warns US Congress against hiking airline pilot retirement age AOPA mobilizes members, pilot organizations to fight egregious FBO fees Geese located in the debris field of a Bell 206 crash In battle of birds vs plane, birds win Touch and goes banned at KTOA, the Torrance, CA Airport ForeFlight announced for Apple's $3,499 Vision Pro 3 Killed in Aircraft Hangar Collapse in Idaho FAA approves Robinson empennage design for R44 helicopters Bonanza Crashes Into Home, Three Killed Mentioned on the Show #299 Flying Tips from a Military CFI for General Aviation Google Podcasts is going away after March Rob Mark's JetWhine.com blog Free Index to the first 282 episodes of Aviation New Talk So You Want To Learn to Fly or Buy a Cirrus seminars Online Version of the Seminar Coming Soon – Register for Notification Check out our recommended ADS-B receivers, and order one for yourself. Yes, we'll make a couple of dollars if you do. Get the Free Aviation News Talk app for iOS or Android. Check out Max's Online Courses: G1000 VFR, G1000 IFR, and Flying WAAS & GPS Approaches. Find them all at: https://www.pilotlearning.com/ Social Media Like Aviation News Talk podcast on Facebook Follow Max on Instagram Follow Max on Twitter Listen to all Aviation News Talk podcasts on YouTube or YouTube Premium "Go Around" song used by permission of Ken Dravis; you can buy his music at kendravis.com If you purchase a product through a link on our site, we may receive compensation.
We've all seen the flash-in-the-pan companies that take the market by storm but then burn out fast. It's rare for a privately held company to stay relevant for 5 decades in one of the most volatile industries on earth. But that is exactly what Clay Lacy Aviation has done. BizAv operators are constantly threading the needle between growth and stability. Rapid expansion at any cost can be deadly, but at the same time, growth can be so slow that they stop being relevant. Growth rate management is the name of the game. What is driving Clay Lacy Aviation's monumental trajectory? How do they keep their culture of excellence so strong? How do they balance ambition with discipline? In today's episode, I'm joined by 3 dynamic Clay Lacy Aviation executives - Joe Barber, Scott Cutshall and Chris Hand. They share the key mindsets and strategies that have been instrumental to their ongoing success There isn't a private-equity setup behind our structure so we have to be thoughtful and conservative about how we grow. It has to be done in a long-term view, with discipline. -Joe Barber Things You'll Learn In This Episode -Pace wins the race Sometimes the best way to grow is slowly. How does the Clay Lacy team balance ambition with discipline? -Peak client alignment How does Clay Lacy Aviation set a client relationship up for success from the inception of the deal? -Bigger planes, bigger hangars What are the key trends Clay Lacy Aviation's leadership are focusing on? -Don't hire for the book and overlook values How does the Clay Lacy team hire and uphold their culture? Guest Bio Joe Barber is Senior Vice President of Commercial Operations at Clay Lacy Aviation. directs Clay Lacy's strategic commercial activities in aircraft management, jet charter, maintenance and FBO business units. His range of knowledge comes from a grass-roots career, having worked in many facets of the business. Joe began his aviation career in 2004 as an intern at an aircraft management and charter company, and credits the continuous learning opportunities and excellent mentors as a major component of his career. He's a committed business aviation professional, to improve the business model and provide principal users with a legendary aviation experience. He's an NBAA Certified Aviation Manager (CAM), and was named to NBAA's inaugural class of “Top 40 Under 40” in 2018. He holds an MBA from California Lutheran University and a B.S. in communications from California State University at Northridge. Scott Cutshall is Senior Vice President of Strategy & Sustainability at Clay Lacy Aviation. Scott leads strategic development activities and directs marketing, sustainability, and workforce development initiatives across Clay Lacy's diverse line of business jet services. He is a third-generation pilot whose business aviation expertise spans a wide spectrum of disciplines. His passion for aviation started early. Upon receiving his B.S. in business management from Biola University, he became a Certified Flight Instructor with instrument and multi-engine instruction privileges. In 2000 he began working as a dispatcher for an aircraft management and sales organization with four aircraft that grew to over 75 business jets in 25 cities in the U.S. and China. During his 14-year tenure he served as operations manager, sales director and then vice president of marketing and aircraft management. Scott joined Clay Lacy in 2013 as vice president of marketing, later serving as senior vice president of business operations prior to his current role. In 2021 he received his Corporate Aircraft Manager (CAM) certification from the National Business Aviation Association, is an advocate member of the International Aviation Women's Association (IAWA), and serves as a mentor for Orange Coast College students. Chris Hand is Senior Vice President of the Northeast Region at Clay Lacy Aviation. He leads the Eastern U.S. operations, headquartered in Oxford, Connecticut, guiding the flight operations, maintenance, finance and aircraft management teams. During more than two decades in aviation he has served clients ranging from Fortune 500 flight departments to the world's most prominent individuals. Prior to Clay Lacy, Chris was president and director of operations at a leading charter and management company with a 30-year history, and director of operations at an air freight operator. He has also owned and operated his own aviation businesses, including aircraft leasing and owner/operator airshows. Chris has 12,000 hours in more than 90 aircraft models, and is type rated in Gulfstream G650, Global Express, Falcon 2000, Falcon 50 and several other aircraft. He holds an ATP Multi-Engine Land and Sea Certificate, and is a certified flight instructor. Chris graduated from the John D. Odegard School of Aerospace Sciences at the University of North Dakota with a BS in Aeronautical Studies. For more information, head to https://www.claylacy.com/. Learn More About Your Host: Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior-level leadership, sales, and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well-known aircraft OEMs, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers. Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes, AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity and hit the business goals of the companies he serves.
The dust up between American Airlines and JSX is an interesting airline industry development. The pilot's unions say it's all in the name of safety, but that couldn't be further from reality. What's up with FAR Part 380? Smaller airlines are trying to take the suck out of flying and continue service for small communities. Why are the majors so dead-set against these small players? Can we really buy the argument that they want to make the industry safer? The answer is… complicated. There is more to the feud than meets the eye (or the press). In this episode I'm joined by acclaimed aviation attorney, Paul Lange. We talk about the real motivation behind the industry's opposition to FAA Part 380 carriers. The majors and unions don't want to provide choice to the American public. They want the only model available to be their airlines and fortress hubs. -Paul Lange Three Things You'll Learn In This Episode -An end to the pilot shortage… Is the 1500 hour rule the real reason for the opposition to Part 380 carriers (who can circumvent it). Are there more efficient and effective ways to train pilots? - Why Part 380 carriers worry the majors How can major carriers view charter carriers as competitive, existential threats when they have just 30 seats and a small fraction of the business? - Safety or sabotage Major carriers are harping on about the safety (or lack thereof) in the Part 380 carrier space. Is that really what they care about? Guest Bio Paul represents aviation businesses in solving significant and challenging problems. His background litigating and trying to verdict judgment aviation matters nationwide before federal and state courts as well as administrative agencies, sometimes simultaneously, brings a breadth of opportunities to the table when seeking to resolve disputes at their earliest opportunity or in complicated business structures restricted by regulatory overlays. In addition to remaining current trying cases, Paul's transactional and aviation regulatory practice includes formation, mergers and acquisitions of fixed base operators (FBO's), air carriers, air charter brokers, public charter operators, maintenance and repair organizations (MRO's), and the purchase, sale and lease of aircraft. Go to http://lopal.com/ or call 203-375-7724. Learn More About Your Host: Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior-level leadership, sales, and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well-known aircraft OEMs, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers. Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes, AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity and hit the business goals of the companies he serves.
There's an acute talent shortage in aviation, and it's not just being felt in flight departments. From pilots to maintenance and leaders, the industry is short-staffed, and solving this issue requires an all-in, concerted effort from all organizations and stakeholders. At the heart of our talent shortage is a crisis of leadership, and the hard truth that despite all it offers, aviation isn't being viewed as an attractive career anymore. How do we show that aviation is a good industry to work in? What can we do to raise the leadership standard? In this episode, I'm joined by third-generation business aviation professional and career coach, Jenny Showalter. She shares what it takes to bring the best and brightest into aviation. We have an aviation talent shortage. We focus on the flight department roles, but it's all throughout the industry. -Jenny Showalter Three Things You'll Learn In This Episode -Leadership or lack thereof There aren't a lot of younger, fresh blood leaders coming into this industry. How do we bring more in or develop the professionals we already have? -Everyone should be concerned and involved There's no blanket solution for the workforce shortage we have, but what could go a long way to remedy it? -Learning from the most effective flight departments What do the best organizations do differently? Guest Bio Jenny Showalter is a third-generation business aviation professional and career coach. As Chief Motivational Officer at SBACC, she brings over 25 years of business aviation experience to her role. This experience stems from working in her family's former FBO, Showalter Flying Service (KORL), leading regional business aviation associations in Florida, and most recently recruiting business aviation talent for corporate flight departments. Pairing her work experience with her roles as the wife, daughter, and sister of business aviation pilots, Jenny feels she's uniquely qualified to help you navigate your business aviation career. For more information, head to https://www.showalter.com/ or email jshowalter@showalter.com. Learn More About Your Host: Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior-level leadership, sales, and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well-known aircraft OEMs, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers. Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes, AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity and hit the business goals of the companies he serves.
In this episode, we interview Jenny Showalter as we discuss her insights from being an experienced career coach in the business aviation industry. Jenny Showalter is the Founder and Chief Motivational Officer of Showalter Business Aviation Career Coaching (SBACC). With over 25 years of business aviation experience, she is passionate about helping industry professionals elevate their careers. Jenny specializes in one-on-one coaching, resume writing, interview preparation, and LinkedIn presence. Her industry experience stems from working as the third generation in her family's former FBO, Showalter Flying Service, leading regional business aviation associations in Florida, and through candidate and client interactions as a business aviation recruiter. She proudly serves as the Board Secretary for the Central Florida Business Aviation Association (CFBAA), and as a member of the National Business Aviation Association (NBAA) Local and Regional Groups Committee.Please rate this episode on the platform you are listening to and feel free to provide your comments. If you found something intriguing on the podcast, you can email us at info@tcadvisorygroup.com. We would love to hear from our listeners!To find out more about TC Advisory Group, a leadership training and coaching company, go to www.tcadvisorygroup.com and follow us on social media Hosted on Acast. See acast.com/privacy for more information.
Who of our listeners wants a Full Bodied Orgasm? Join Laurie and George in this episode to learn all about the full bodied orgasm. A FBO is one that is felt throughout the entire body not just concentrated to the genitals. Laurie was recently interviewed and quoted in several publications, describing a full bodied orgasm and that it is in fact a real thing! This truly is the sex education you didn't get and men and women alike will want to listen to this episode to learn more about an orgasm that spreads throughout your entire body and some tips on how to make it happen. And don't worry if you've never had this happen before. We are firm advocates that all orgasms are good orgasms! Listeners, make sure you sign up for our Great Love and Great Sex virtual couples retreat happening on September 8th. Registration is open now on our website. Check out our sponsor for this episode: Uberlube -- Laurie has been a fan of Uberlube for years! Long before Foreplay was started. Their personal lubricants are ideal to make the sexual experience top notch! Use the code 'foreplay' to save 10%! Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, we invited renowned aviatrix and author Erika Armstrong to share her struggle as a woman in aviation, her insights on the changes in the industry, and a snippet from her book A Chick in the Cockpit. Keep listening to acquire expert tips from a woman navigating the aviation industry! WHAT YOU'LL LEARN FROM THIS EPISODE A reason to start your aviation dream at an early age Pilot's family life challenges The motivation behind Erika Armstrong's book How the aviation industry is performing in terms of bringing in pilot women Possible educational changes to fast-pace the process of becoming a pilot A powerful tip to thrive in the aviation industry as a pilot RESOURCES/LINKS MENTIONED A Chick in the Cockpit by Erika Armstrong | Kindle and Paperback Eat, Pray, Love by Elizabeth Gilbert | Kindle, Paperback, and Hardcover ABOUT ERIKA ARMSTRONG Erika Armstrong is the chick in the cockpit. From the front desk of a busy FBO at the Flying Cloud Airport, to the captain's seat of a commercial airliner, Erika has experienced everything aviation has to offer. She has worked on both sides of the cockpit door (Part 91, 135, and 121), is an aviation professor at MSU Denver (specialty is Aircraft Systems and Propulsion, Instrument Fundamentals, Commercial Operations, Aviation Fundamentals), Instructional Designer, and VP of Business Development at Advanced Aircrew Academy and professional pilot columnist with 450,000 passionate, aviation-geek followers. Her flight training is from Flight Safety, SimuFlite, NATCO, CAE, Pan Am, and Aviation Charter, and has flown 28 different types of aircraft. Erika earned her hours as an international corporate, airline, Red Cross, and 24-hour air ambulance pilot/captain. She also owns Leading Edge Aviation Consulting, is a pilot recruiter, a Fellow at the Royal Aeronautical Society, and high profile keynote speaker in addition to an expert witness in high-profile aviation cases (kept both sides out of court!). To back her experience with education, Erika attended the University of Minnesota's Journalism program as an undergraduate before being lured into the world of aviation. To round out her education, she attended Embry- Riddle Aeronautical University and has a B.A. degree in International Business, Economics, and Culture with National Honor Society recognition from the University of Denver. CONNECT WITH ERIKA Website: A Chick in the Cockpit Linkedin: Erika Armstrong CONNECT WITH US Are you ready to take your relationship to the next level? Don't wait until it's too late. Use the promo code “PODCAST” and save 10% on all our services. Check us out at www.spitfireelite.com! If you want to recommend someone to guest on the show, email Nik at podcast@spitfireelite.com, and if you need a professional pilot resume, go to www.spitfireelite.com/podcast/ for FREE templates! SPONSOR If you're a professional pilot looking for a great financial planning partner for your retirement, tax, and investment, go to www.tpope.ceterainvestors.com/contact or call 704-717-8900 ext 120 to schedule a consultation appointment with Timothy P. Pope, CFP®
On Wednesday's Mark Levin Show, what is the most important issue or policy that you think a Republican congress should be focused on? The Republican's first act was to give Democrats 12 votes to overcome a filibuster to codify same-sex marriage. Why would they vote for this rather take on inflation, gas prices, the border, etc.? Because they are led by Mitch McConnell, who will disappoint you at every turn. Also, the media are desperate for a war between Donald Trump and Ron DeSantis. The media wants to knock both of them out to make room for a RINO for president. They shouldn't take the bait. Later, journalist Julie Kelly from American Greatness joins the show to discuss how Christopher Wray knew more than he let on initially with the FBO and January 6. Kelly's reporting on the January 6th riot has revealed that the current story just doesn't add up and it seems that the Democrats in the January 6 Committee are just trying to sweep things under the rug. Afterward, Charles Payne, host of FOX Business Network's Making Money, calls in to explain the Crypto Currency exchange FTX which just went bankrupt. FTX was fraudulent from the start and bilked billions from the people. The founder of FTX is a top Democrat Party donor and pledged a billion dollars to the Democrats if Trump runs in 2024. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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