Mes: febrero 2021

WALLACE, La., Feb. 12, 2021 /PRNewswire/ — Whitney Plantation Museum has received a one-year grant of $250,000 from the W.K. Kellogg Foundation (WKKF). The funding will help support the museum’s operating budget, which was drastically reduced since the onset of the pandemic.

Due to Covid-19, Whitney Plantation Museum’s visitation dropped from an average of 10,000 visitors a month to only 1,000. The decreased visitation necessitated staff furloughs and salary reductions to keep the museum open. The reduction also delayed plans for additional programming, community outreach and research. The Kellogg Foundation grant will aid with the aforementioned and support the organization’s efforts to create and distribute new, complex and complete narratives of slavery. 

According to Ashley Rogers, executive director of Whitney Plantation, the WKKG funding will help as the organization continues to adapt to Covid-19 limitations. «We are incredibly honored to have been awarded a grant from the Kellogg Foundation to support our operations for 2021. This grant will not only help us sustain our operations through the pandemic, but it will allow us to expand our staff and begin working to craft educational programs, both for on-site and distance learning,» says Rogers.

Whitney Plantation Museum is a non-profit 501(c)(3) organization. Donations to further support Whitney Plantation’s mission can be made at whitneyplantation.org/donate

About Whitney Plantation

Whitney Plantation is the only plantation museum in Louisiana with an exclusive focus on the lives, labor, and experience of enslaved people.  Through a state of the art self-guided tour of an 18^th century sugarcane and rice plantation, visitors learn about slavery and its resulting legacies. For more information, visit whitneyplantation.org/donate

About the W.K. Kellogg Foundation

The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal innovator and entrepreneur Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life.

The Kellogg Foundation is based in Battle Creek, Michigan, and works throughout the United States and internationally, as well as with sovereign tribes. Special attention is paid to priority places where there are high concentrations of poverty and where children face significant barriers to success. WKKF priority places in the U.S. are in Michigan, Mississippi, New Mexico and New Orleans; and internationally, are in Mexico and Haiti. For more information, visit http://www.wkkf.org

Media Contact:
Dr. Joy Banner, jbanner@whitneyplantation.org 
225.624.6778

View original content:http://www.prnewswire.com/news-releases/whitney-plantation-receives-250-000-wk-kellogg-foundation-grant-301231776.html

SOURCE Whitney Plantation

FAIRMONT, W.V., Feb. 19, 2021 /PRNewswire-PRWeb/ — Dan Cava Toyota World is helping drivers in West Virginia learn more about popular family SUVs and minivans with detailed model research pages. With the right information, a shopper can make the most informed buying decision and that is exactly what local Toyota dealer, Dan Cava Toyota World, is providing to its nearby drivers. The latest Toyota minivan and SUV model research pages available on the dealership’s website offer information and details about the 2021 Toyota Sequoia, 2021 Toyota Highlander and 2021 Toyota Sienna.

The 2021 Toyota Sequoia research page offers insight into the full-size SUVs list of family features, safety features and engine specifications. Some of the highlights of the new Toyota Sequoia SUV include a rear-seat entertainment system, automatic three-zone climate control, a premium audio system, heated and ventilated front seats and much more.

Another popular model receiving its own model research page is the 2021 Toyota Highlander. The 2021 Toyota Highlander is a favorite pick with families who are looking for a new crossover SUV that has it all at an affordable price. Some of this model’s most popular features include a wireless smartphone charger, Apple CarPlay®, Android Auto™, a navigation system, 5 USB ports and a long list of active safety technologies.

Drivers in need of a family minivan that can offer increased passenger and cargo space will find what they want in the 2021 Toyota Sienna. This family minivan has everything a passenger wants and needs while on the road. From a rear-seat entertainment system and 7 USB ports to four-zone automatic climate control, the 2021 Toyota Sienna has it all.

To learn more about the new 2021 Toyota Sienna, 2021 Toyota Sequoia, or 2021 Toyota Highlander, interested shoppers are encouraged to visit the Dan Cava Toyota World website by going to http://www.cavatoyota.com. Drivers with questions may also call the dealer by dialing 304-366-2720. Dan Cava Toyota World is located at 2510 White Hall Blvd.

Media Contact

J.R. Tiano, Dan Cava Toyota World, 304-366-2720, j.r.tiano@cavatoyota.com

SOURCE Dan Cava Toyota World

MEXICO CITY, Feb. 19, 2021 /PRNewswire/ — Grupo Aeroméxico, S.A.B. de C.V. («Aeromexico» or the «Company») (BMV: AEROMEX). As a follow up to our previous relevant events regarding (a) securing the commitment of a US$1,000 million senior secured superpriority multi-tranche debtor in possession term loan facility (the «DIP Facility»), (b) the initial funding of US$100 million of Tranche 1 loans under the DIP Facility, (c) the final approval of the DIP Facility by Judge Shelley C. Chapman of the United States Bankruptcy Court for the Southern District of New York (the «Chapter 11 Court»), and (d) the second disbursement of the undrawn portion of the Tranche 1 facility (US$100 million) and of the initial funding of US$175 million of Tranche 2 loans, the Company announces that the conditions to drawing the remaining undrawn commitments of the Tranche 2 facility (US$675 million) have been met and, accordingly, the Company has requested such final disbursement.

Andrés Conesa, CEO of Aeromexico, commented: «The funding of the final disbursement is a key milestone in Aeromexico’s ongoing, voluntary restructuring process that will provide us with sufficient liquidity to support our continued operations during this time and with the flexibility to continue our orderly restructuring process with the objective of emerging stronger. We recognize and appreciate the continuing support from my fellow co-workers, Board of Directors, authorities and all stakeholders.»

As we reported in our relevant event of August 13, 2020, the Tranche 2 DIP Facility may be converted, at the lenders’ option, into shares of reorganized Aeromexico, subject to certain conditions and the applicable corporate and regulatory approvals (including at the Aeromexico’s shareholders meeting) for the issuance of the corresponding shares. In order to effectuate (i) the debt-into-equity conversion of the allowed unsecured claims recognized in our Chapter 11 process at a to-be-determined ratio, and (ii) the conversion of the Tranche 2 DIP Facility, the shareholders meeting of the Company would need to approve a capital increase. As we had anticipated, if the lenders exercise the option to convert the Tranche 2 DIP Facility, following the corresponding capital increase, the shareholders will be almost fully diluted so that their remaining equity stake will likely be minimal (if any), provided that shareholders (other than those that have agreed not to exercise preemptive rights pursuant to the Shareholder Support Agreement) will be allowed to exercise their preemptive rights subject to several conditions that are yet to be determined.

The price of our common stock has been volatile following the commencement of our Chapter 11 process and may significantly decrease in value in the future. Therefore, any trading in our common stock during the pendency of our Chapter 11 process is highly speculative and involves substantial risks to buyers of our stock. Future recoveries in our Chapter 11 process for our shareholders will depend upon our ability to negotiate and confirm a Plan of Reorganization, the terms of such Plan, the recovery of our business from the COVID-19 pandemic and the future value of our assets upon conversion of our liabilities. Although at this stage we cannot predict how our common stock will eventually be treated under a Plan, we believe that it is unlikely that stockholders would receive a recovery through a Plan since it is expected that the holders of unsecured indebtedness will not be paid in full and will need to convert their claims into new stock to be issued by the Company. Consequently, there is a significant risk that our stockholders may receive no recovery, or a nominal recovery, under our Chapter 11 process.

Certain statements contained or incorporated by reference in this relevant event include «forward-looking statements». Forward-looking statements include information concerning the Company’s liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as «believe,» «expect,» «project,» «potential,» «anticipate,» «intend,» «plan,» «estimate,» «seek,» «will,» «may,» «would,» «should,» «could,» «forecasts» or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances under our chapter 11 process. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent relevant events. Among other items, such factors could include: the Company’s ability to navigate the chapter 11 process, including obtaining Chapter 11 Court approval for certain requirements, complying with and operating under the requirements and constraints of the U.S. Bankruptcy Code, negotiating and consummating chapter 11 plan, developing, funding and executing the Company’s business plan and continuing as a going concern; the value of the Company’s common stock due to the chapter 11 process; levels of travel demand, particularly with respect to business and leisure travel in Mexico and in global markets; the length and severity of the COVID-19 pandemic and the impact on the Company’s  business as a result of travel restrictions and business closures or disruptions; the impact of the COVID-19 pandemic and actions taken in response to the pandemic on global and regional economies and economic factors; general economic uncertainty and the pace of economic recovery, including in key global markets, when the COVID-19 pandemic subsides; the risk of an «ownership change». Our investors should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements; all such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements whether as a result of new information or otherwise.

Aeromexico will continue pursuing, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate and offer services to its customers and contracting from its suppliers the goods and services required for operations. The Company will continue to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary adjustments to face the impact from COVID-19.

About Grupo Aeromexico Grupo Aeroméxico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeromexico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeromexico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.

www.aeromexico.com




  




www.skyteam.com

View original content:http://www.prnewswire.com/news-releases/aeromexico-draws-third-and-final-disbursement-under-dip-financing-301231756.html

SOURCE Grupo Aeromexico, S.A.B. de C.V.