Delta to buy oil refinery Delta Air Lines

“Delta to buy oil refinery”

Delta Air Lines announced plans Monday to purchase an oil refinery outside of Philadelphia, a novel approach to reducing its fuel costs. A Delta spokesman said the company believes the purchase is the first of its kind by a major U. S. airline. Delta will buy the Trainer refinery for $150 million from Phillips 66 on Tuesday. "Acquiring the Trainer refinery is an innovative approach to managing our largest expense, ” fuel costs. "This modest investment, the equivalent of the list price of a new widebody aircraft, will allow Delta to reduce its fuel expense by $300 million annually and ensure jet fuel availability in the Northeast. ” Delta said it intends to spend $100 million to convert the refinery's existing infrastructure in order to maximize jet fuel production.

In Other News n n Hordes of orange-clad revelers took to the streets of towns and cities across the Netherlands on Monday to celebrate Queen's Day, a public holiday that marks the official birthday of Queen Beatrix. Members of the royal family traveled to the town of Rhenen to join in the fun, with Crown Prince Willem-Alexander making a particular splash. The heir to the throne eagerly put himself forward for a series of challenges, culminating in a popular local pastime: the toilet-bowl-tossing contest. While scholarships are abundant for star athletes, honor students and gifted musicians, teens with unusual traits or talents can cash in too -- for instance, if they sound like a duck. “There’s money out there, ” said Stephen Bell from the Stuttgart Chamber of Commerce in Stuttgart, Ark. He would know. For more than three decades, teens from U. S. high schools have converged on his town of about 9, 000 residents, just southeast of Little Rock, to compete for scholarship money. Their talent: Duck calling. “It’s open to any high school senior in the nation. ” The winning prize captures $2, 000.