first_imgTehran: The mechanism set up by European powers to help Iran skirt US sanctions will be of limited use but it has highlighted a welcome distance between Washington and its allies, Tehran’s top diplomat said Monday. The EU said Friday after a crisis meeting aimed at salvaging a landmark 2015 nuclear deal between Tehran and world powers that the INSTEX payment mechanism was finally “operational” and that the first transactions were being processed. Also Read – Turkey preparations for Syria offensive ‘completed’ “Although it does not meet the demands of the Islamic republic, (or) Europeans’ obligations… it has a strategic value (in showing) that the closest allies of the United States are distancing themselves from America in their economic relations,” Foreign Minister Mohammad Javad Zarif said. “This will certainly have long-term effects,” he added, during a speech broadcast on state television. Britain, France and Germany launched the special payment system in late January after US President Donald Trump abruptly quit the nuclear deal last year and reimposed sweeping sanctions on Iran. Also Read – Imran Khan arrives in China, to meet Prez Xi Jinping It is seen as key to EU efforts to preserve the deal but its promise of easing the bite of US sanctions, which have cut Iran off from the international financial system and decimated its oil exports, has been slow to materialise. In response to the US measures, Tehran announced in May it would abandon some of the limits on its nuclear activities imposed under the deal, threatening to give up two others by July 7 if the other signatories to the accord do not help it break the US embargo. INSTEX was designed to only support transactions in the pharmaceutical, medical and agricultural-food sectors.last_img read more

Halifax-based CanJet suspends flying operations, looks for new business plan A CanJet aircraft flies over the Halifax International Airport on Sept. 5, 2006. The Halifax-based charter airline CanJet suspended its flight operations today, saying it is redoubling its efforts to find a profitable business plan. THE CANADIAN PRESS/ Andrew Vaughan HALIFAX – The Halifax-based charter airline CanJet suspended its flight operations Tuesday, saying it is redoubling its efforts to find a profitable business plan.Company president Stephen Rowe said the company isn’t shutting down, but he confirmed that its remaining 15 pilots and about 40 flight attendants were laid off.“We just haven’t found that business model that we’re comfortable with,” Rowe said in an interview. “We’re going to keep looking. We’re not closing. … We haven’t given up yet.”The airline was operating only one passenger jet under contract for tour operator Air Transat when the decision to suspend operations was made. However, the company is maintaining a total of four Boeing 737 passenger jets through leases that expire in May 2016.The airline, a division of IMP Group Ltd. of Halifax, has been focused on charter flights since ending its scheduled airline service in 2006.Starting late last year, CanJet had offered its own vacation packages to the Caribbean through CanJet Vacations, and it was offering charter services in Europe last year, but Rowe said those businesses weren’t successful.The airline could return to offering scheduled flights, but Rowe said competing with Air Canada and WestJet would be a risky venture.“We’ve been there and done that a couple times,” he said. “It’s a tough business.”When the airline stopped its scheduled service in 2006 it blamed tough competition from Air Canada and WestJet.The Canadian Union of Public Employees issued a statement saying the sudden shutdown was devastating news.“(We) found out only this morning that CanJet has ceased flying operations immediately,” said union spokeswoman Lesley Swann. “Our focus is on assisting our members any way we can during this difficult time.”Swann said the union was seeking information about severance pay while examining “legal avenues.”Dan Adamus, president of the Canadian wing of the Air Line Pilots Association, said CanJet had as many as 130 pilots in recent years.“It’s sad because it’s a great operation,” Adamus said in an interview. “The majority (of workers) are from the East Coast and are very loyal to the airline.”Adamus said the airline has had to shut down operations before as it struggled to attain profitability.“They’ve been able to pull rabbits out of hats in the past,” he said.In April 2014, Air Transat cut costs by not to renewing a contract it had with CanJet since 2009. Under that five-year deal, Air Transat used CanJet aircraft to serve more than 20 Canadian cities and about 20 vacation spots.Earlier this year, CanJet laid off almost half of its 100 pilots and dozens of permanent and seasonal flight attendants. by Michael MacDonald, The Canadian Press Posted Sep 1, 2015 12:54 pm MDT Last Updated Sep 1, 2015 at 9:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more