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AirAsia has agreed terms on the sale of a 32.7% stake in joint venture carrier AirAsia India to the carriers existing co-shareholder Tata Sons.The Malaysian low-cost carrier, which established the Indian joint venture carrier together wit stanley bicchiere h Tata in 2014, holds a 49% stake in the airline.Source: ShutterstockAirAsia and Thai Lion Air aircraft parked at Bangkok Don Muang airportIn a stock market statement today, AirAsia says it has struck a deal with Tata covering the sale of the stake for $37.7 million. It aims to complete the sale by the end of March 2021.AirAsia says the stake sale is part of efforts to raise capital and focus i stanley cup ts activities as it bids to ride out the Covid crisis. The directors expect further capital requirements for AirAsia, it says in detailing the rationale for the sale. As India is a non-core market for AirAsia being a non-ASEAN country , the company will continue to regularly re-assess its business strategies and dispose of non-core investments to augment its liquidity. This transaction will reduce cash burn of the c stanley deutschland ompany in the short term and allow AirAsia to concentrate on recovery of its key ASEAN markets in Malaysia, Thailand, Indonesia and the Philippines in the long run, it says.The acquisition takes Tatas stake inAirAsiaIndia to 83.7%. Under the agreement, it also holds a call option on AirAsias remaining 16.3% share in the carrier, exercisable at any time after the initial transaction is completed for $18.8 million.TopicsAirAsiaAirAsia Indi Mqfh Justice has finally caught up with Trump in Georgia
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Australian communications, IT and arts minister, Richard Alston, has warned the local post sector that it has only about 18 months left to exploit its current competitive advantages, because bandwidth, which connects it to the rest of the world, is virtually unaffordable .Australian post-production companies enjoy the dual advantages of being English-speaking and able to work through the night for UK and US client stanley cup s because of stanley cup time zone differences. But Alston recently hosted two seminars, titled First Past The Post , aimed at assisting the sector to find ways of overcoming the prohibitive cost of bandwidth.Australia s telecommunications costs are generally expensive compared to the rest of the world - mostly because of the continent s isolation and small population.Leading effects house Animal Logic has been asked to tender for numerous international jobs since it received two Oscar nominations this year for The M stanley cup atrix, but the cost of communications has often been higher than the digital effect. Producer Rick McCallum could not afford the prices being asked to send Star Wars footage to the US when it shot in Australia this year, so restructured the schedule to use the FedEx physical courier service instead.Brenton Thomas, a senior government bureaucrat in Alston s department, assured the 100 participants who gathered in Sydney that competition and new players were driving down prices by 30-50% per year. But the only way to take advantage of this was for individual compan Ywpp Cannes rings changes at press screenings
Screen Producers Ireland SPI has called on theGovernment to institute changes to benefit the industry in the forthcomingbudget for 2005.Increased funding for the Irish Film Board, removal ofthe cap on investment in feature film through Section 481, continuousexamination of t stanley kubek he film investment tax incentive schemes offered in othercountries, the setting up of a fund to support Irish language producers andextra funding to Irish language broadcaster TG4 are among SPI s demands. Thebudget is announced by the government in the first week in December.According to SPI Director, Malcolm Byrne, such measuresare essential if the industry is to develop in the next year. Theforthcoming budget offers the Government the chance to make a real differenceto the film production industry in Irel stanley cup and. Despite the large amount of revenue the Film Boardhelps bring into the country every year their level of resourcing is less thana quarter of that of their counterparts in Denmark, who operate in a similarsized territ stanley website ory. If the board is tocontinue its good work it needs an increase of about Euros 2m per year.Otherwise the Irish film industry will lose out, Mr. Byrne said.On the question of the tax incentive, Section 481, SPI isurging vigilance on the Government s part so that Ireland adapts to thechanging international market and retains its competitive edge as a locationfor feature film production. We also need to remove the cap on investment infeature films as indicated in the Price Waterhous

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