Category: Business

Lexington Flyers Have Lots Of Air Options

Airline Industry For The Atlanta

When I covered the airline industry for The Atlanta Journal-Constitution, it was in turmoil: airlines were losing millions, workers were losing their jobs or suffering pay cuts, and fares were less predictable than the weather.

Twenty years later, not much has changed. If anything, things have gotten worse.

The latest sign of turmoil came last week, when Delta Air Lines announced it would rearrange its hub at Cincinnati-Northern Kentucky International Airport. Delta will close one of its two concourses it operated three until 2008 and lay off 840 workers May 1. However, Delta plans to hire 100 workers for other jobs there.

Delta’s shift from 50 gates to 28 is largely an effort to operate more efficiently after previous flight cutbacks in Cincinnati. Delta didn’t announce further cuts to its summer flight schedule, but the fall schedule is anyone’s guess.

Since a merger with Northwest Airlines gave Delta hubs in Detroit and Memphis, it has shifted a lot of Cincinnati traffic there, and to its main hub in Atlanta. That trend is likely to continue, giving Central Kentucky passengers fewer options as they compare schedules among the Cincinnati, Louisville and Lexington airports.


Keeneland Sales Decline With Lack Of Top Stock

Keeneland January horses of all ages sale

Shortly after signing the ticket for the stakes-winning filly Bon Jovi Girl on Tuesday, Craig Bandoroff of Denali Stud had a simple answer for why he spent $950,000.

“Everybody wants quality,” he said.

Unfortunately, during the 2010 Keeneland January horses of all ages sale, there simply wasn’t enough to go around.

A lack of top-end offerings combined with a depressed marketplace resulted in overall declines as the Keeneland January exercise wrapped up its five-day run Friday.

There were a handful of bright spots during the sale. Miss Isella brought $1.085 million when she sold to Adena Springs owner Frank Stronach. But many sellers held on to their better stock for fear of losing some of their value.


Business Awards

Awards For Business

Aisin Light Metals, London, and International Crankshaft, Georgetown, have received 2009 Quality Awards from Toyota. Aisin provides bumper reinforcements. International Crankshaft provides forged crankshafts.

Community Ventures Corp. has received Kentucky’s 2009 SBA Lender of the Year award. In 2009, CVC provided 12 percent of the nation’s microloans (loans up to $35,000). In addition, CVC’s Emmanuel Smith, director of business development, has received Kentucky’s All-Star Lender Award. Community Ventures is based in Lexington with regional offices in Bowling Green, Campbellsville, Frankfort, Henderson, Louisville and Paris. Additional information can be found at

Engineering Consulting Services of Lexington is a finalist in the American Council of Engineering Cos. 44th Annual Engineering Excellence Awards competition for its Portal 31 Exhibition Mine in Lynch. The project is among 163 engineering projects nationwide that are being recognized by ACEC as preeminent engineering achievements for 2009.

Kentucky Eagle ’s new distribution facility at 2440 Innovation Drive is the first Anheuser-Busch beer distribution facility in the United States to be awarded LEED certification. LEED, a trademark of the U.S Green Building Council, is the nation’s preeminent green building certification program. As a result of sustainable design, the 188,024-square-foot facility will use 42.3 percent less water and 19 percent less energy. The facility was built using 22.5 percent recycled materials and 35.2 percent regionally manufactured materials. More than 83 percent of the project’s construction waste was recycled. Lexington-based Gray Construction designed and built the facility.

Travis Musgrave, a Merrill Lynch financial adviser in Lexington, has been recognized as one of the top advisers in Kentucky by Barron’s on the list of America’s Top 1,000 Advisors: State-by-State. Advisers included in the ranking must have a minimum of seven years financial services experience and at least one year at their current firm. In total, 317 Merrill Lynch financial advisers are included on the list, the most of any firm in the ranking.