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New jet charter service offers service from San Jose to ... Bozeman?

Wilson said he believes a significant part of the resort's membership comes from the Bay Area. Yellowstone Club could not be reached for comment by press time, but an anecdote in a 2012 Bloomberg article[1] identified Jim Davidson[2], co-founder and managing partner of Menlo-park based private equity firm Silver Lake, as a member.While declining to identify specific names, Wilson described the flights as being run in "partnership" with several Bozeman resort owners, who will "cover part of the costs of the operations."JetSuite uses Atlantic Aviation's facilities at San Jose airport to runs its private jet service, but JetSuiteX will use Signature Flight Support for its charter flights. Wilson said it was "just the right commercial decision for us" and also mentioned Signature's slightly larger hangars. JetSuiteX's 30-passenger Embrae 135s are larger than the private jet service's planes, which carry only two to four passengers. The Bozeman route, which will run beginning June 30 through July 31, is somewhat of an odd duck — the destination and $672 one-way fare targets a different clientele than the Concord-Burbank route, which led JetSuite's press release and whose one-way tickets range from $109 (described as an "introductory fare") up to $299. JetSuiteX starts service on eight weekday round-trip flights to Burbank on April 19 — five leaving Concord at 8:10 a.m. Monday through Friday, and three leaving at 5:10 p.m. on Monday, Thursday and Friday. The launch of the new service marks a big shift for JetSuite, America's fourth largest private jet company, according to its press release. Wilson describes JetSuiteX as filling a missing "middle" option for business travelers between high-end private jet services and commercial airlines. For a one-way flight from the Bay Area to the Los Angeles area, Wilson said JetSuite's private jet service would charge $5,000 per plane, a rate…
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Gail Boerema: A People on the Move spotlight

Please Sign In and use this article's on page print button to print this article. Gail Boerema[1] has taken the position of vice president-finance and chief financial officer at The Lutheran Home and Harwood Place, Wauwatosa. Boerema, most recently spent seven years as CFO at Jewish Senior Living. She answered some questions for the Milwaukee Business Journal. New position: Vice president-finance and CFO, Lutheran Home and Harwood Place, Wauwatosa Hometown: Clinton, Iowa Education: Bachelor of arts degree in accounting, Mount St. Clare College, Clinton, Iowa; Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA) certifications What attracted you to this new opportunity:“Lutheran Home and Harwood Place is an excellent organization that has been providing top-quality services and caring for our seniors since 1906. I have been following what Scott McFadden, president and CEO, and his team have been doing over the past several years to continue to move the organization forward. I was excited to join Scott and his team based on his vision of excellence and their forward thinking.” Thoughts on your position:“I will be leading the financial strategy of Lutheran Home and Harwood Place to ensure our sustained viability, so that we will be able to continue to provide the highest level of services and caring for our seniors. Working in health care/senior care is something that has meaning to me. It is satisfying to know, that collectively, we make a difference in people’s lives.” First job: Bussing tables and washing dishes at a country club restaurant Career advice:“Set goals, find your passion, stay true to yourself, strive for excellence, and give back to your community.” Personal hero:“Active members and veterans of the U.S. Armed Forces who have served to provide the freedoms we enjoy today.” Last book read:“What Got You Here Won’t Get You There” by…
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Plug Power closes on $30 million loan with San Francisco-based lender

Plug Power has closed on a $30 million loan facility with Generate Capital, a San… more[1] Donna Abbott-Vlahos Plug Power[2] has closed on a $30 million loan facility with Generate Capital, a San Francisco-based lender, according to a regulatory filing. The funding will support growth in 2016 and help the Latham, New York, fuel cell manufacturer add new customers at a faster rate. Plug Power has closed on a $30 million loan facility with Generate Capital, a San… more[3] Donna Abbott-Vlahos Plug Power (NASDAQ: PLUG) makes GenDrive fuel cells used to power forklifts in large warehouses and distribution centers, for refrigerated trucks and vehicles used to haul luggage at airports. The company also offers hydrogen fueling stations called GenFuel to attract more reoccurring revenue. The full system is called GenKey. Customers include Wal-Mart, FedEx, BMW[4] and Nike. References^ more (www.bizjournals.com)^ Plug Power (www.bizjournals.com)^ more (www.bizjournals.com)^ BMW (securepubads.g.doubleclick.net)...
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Ridgetop launches energy services business

Please Sign In and use this article's on page print button to print this article. Martin Comini Courtesy of Ridgetop Energy Services Schlumberger, Nabors vet takes helm. Martin Comini Courtesy of Ridgetop Energy Services Ridgetop Capital Partners has launched a new business to capitalize on new opportunities from the energy sector downturn. Ridgetop Energy Services LP is an engineering consultancy and acquirer of companies that provide core services for the oil and gas sector, such as explosives, cementing wells and hydraulics. It is chiefly focused on the Marcellus and Utica shale plays, said Principal Martin Comini[1], who has worked in the energy sector for three decades for companies including Schlumberger Ltd. and Nabors Drilling. Martin Comini Courtesy of Ridgetop Energy Services “The energy industry has made a dramatic downturn and shrunk almost 70 percent so the services required to drill for oil and gas has shrunk almost proportionately to the commodity prices,” Comini said. “As a result, the price for services required to drill wells has to be right-sized to the rate of return.” Comini and Ridgetop Capital CEO Brad Carpenter[2] believe there’s an opportunity to buy the assets of the service providers at a reduced price. Upcoming Events “We can restructure the business model to provide the same quality of services to these (drilling) companies at a competitive market price,” Comini said. The aim is to raise capital from high-net-worth individuals and private equity investors, many in the Pittsburgh region, to fund each transaction. Comini’s sweet spot ranges from $1 million to $20 million. He said it’s possible that a fund may be raised in the future, enabling Ridgetop Energy to have a pool of capital for multiple acquisitions. It is the newest company to debut under the banner of Ridgetop Capital, the energy and real estate investment firm…
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5 things to know in Colorado energy

Here’s your five things to know about Colorado’s energy sector this week, short and sweet: 1) WPX Energy Inc.[1] (NYSE: WPX) wasn’t kidding when it said it hoped to sell off its natural gas assets in Colorado’s Piceance Basin. Here’s who's buying[2] some 200,000 acres of mineral rights on Colorado's Western Slope. 2) Things are lining up for a decade’s worth of stability[3] for Colorado’s renewable energy sector due to a number of factors inside and outside the state. You’ll need to be a member of the DBJ subscribers family to read this one, and you can pick up a subscription here.[4] References^ WPX Energy Inc. (www.bizjournals.com)^ Here’s who's buying (www.bizjournals.com)^ decade’s worth of stability (www.bizjournals.com)^ pick up a subscription here. (secure.bizjournals.com)...
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Austin software maker regains Nasdaq compliance, won't be delisted

Crossroads Systems Inc., an Austin-based software maker, has emerged from another brush… more[1] hh5800 Crossroads Systems Inc.[2], an Austin-based software maker, has emerged from another brush with Nasdaq regulators. The company said Wednesday[3] it is back in compliance with stock market rules requiring companies to maintain shareholders' equity of at least $2.5 million. Crossroads Systems Inc., an Austin-based software maker, has emerged from another brush… more[4] hh5800 Companies must comply with a long list of requirements to be traded on the stock exchange, including maintaining a stock price of at least $1 per share. Companies that fall out of compliance for 30 straight days can be removed, like what happened earlier this month with Austin-based energy holding trust Whiting USA II[5]. However, it is a drawn out process: companies not in compliance have 90 days to meet the listing standards, or 180 days if their share price fell below $1. References^ more (www.bizjournals.com)^ Crossroads Systems Inc. (www.bizjournals.com)^ The company said Wednesday (www.bizjournals.com)^ more (www.bizjournals.com)^ with Austin-based energy holding trust Whiting USA II (www.bizjournals.com)...
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