Rand Airport air charter operators, flying schools and a number of aircraft maintenance organisations, as well other aviation-related enterprises. Charter operator Phoebus Apollo Aviation has its headquarters at Rand; the airport is also home to the Flying Lions Aerobatic Team. South African Airways donated a Boeing 747-200 and a Boeing 747SP to the South African Airways Museum Society which are on display at the airport. The airport also hosts an annual air show. There are no scheduled operations from the airport. Rand Airport is notorious for its hot and high conditions and relatively short runways. Situated at an altitude of above sea
Optimum currency area rationale behind the creation of the euro is that the individual countries of Europe do not each form an optimal currency area, but that Europe as a whole does. The creation of the euro is often cited because it provides the most modern and largest-scale case study of an attempt to identify an optimum currency area, and provides a comparative before-and-after model by which to test the principles of the theory. In theory, an optimal currency area could also be smaller than a country. Some economists have argued that the United States, for example, has some regions that do not