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CASC FG-1D Corsair: Restoration Update

In 1971, after her journey from San Salvador to the USA, FG-1D Corsair Bu.92460 experienced the indignity of major parts removal, as part of a weight reduction effort to enable her new duty as a pole-mounted gate guard at the Igor I. Sikorsky Memorial Airport in Bridgeport, Connecticut. The monument team gutted her cockpit, then removed her landing gear, flaps, gun-bay doors, ammo cans, and dive brakes, fairing the openings over with simple sheetmetal structures. After repainting the airframe, the team bolted her into her position atop a concrete plinth beside the airport terminal, where she endured the coastal salt marsh air on the shores of Long Island Sound for the next several decades. ....

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UPDATE 2-Australia's AMP ends talks with Ares, opts for spin-off


New company to list on the Australian stock market
AMP announces A$200 million share buyback
Expensive separation costs to be funded by shareholders - UBS (Recasts with detail, background, analyst comment)
SYDNEY, April 23 (Reuters) - Embattled Australian wealth manager AMP Ltd has ended protracted talks with Ares Management Corp to sell its asset management arm’s private markets business, instead on Friday announcing it will spin off and re-brand the unit.
As part of the new plans, which come months after Ares had downgraded a proposal to purchase the whole company for $4.9 billion to a plan to take a majority stake in AMP Capital’s private business, AMP will kick-start a A$200 million ($154 million) share buyback. ....

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UPDATE 3-Australia's AMP ends talks with Ares, opts for spin-off


New company to list on the Australian stock market
AMP announces A$200 million share buyback
Further cash-backs to investors unlikely - UBS (Recasts and updates throughout with investor, share reaction)
SYDNEY, April 23 (Reuters) - Embattled Australian wealth manager AMP Ltd has ended protracted talks to sell its asset management arm’s private markets business to Ares Management Corp, instead announcing on Friday it will spin off and re-brand the unit.
The restructure is expected to be completed in the first half of fiscal 2022, and will be followed by a A$200 million ($154 million) share buyback.
AMP first disclosed Ares had approached it in late October with an offer to buy the whole company for $4.9 billion. It downgraded that in February to a proposal to take a majority stake in AMP Capital’s private business. ....

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