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& p1 M4 J/ }' v: U5 D/ T Hotelier Gordon Butch Stewart and his investor group have relinquished their 75% stake in Air Jamaica and turned the troubled airline over to Jamaica s government, ending nine years of private ownership and control.Stewart insists he was not forced out, but reached an accord with the government after months of talks over the best way to save the airline. Under the final deal, Stewart s group ag yeezy reed to yeezy mexico inject $20 million and the government agreed to give Air Jamaica $25 million in credits to partially address its operating loss, which is expected to reach $90 million for adidas originals samba 2004.Following the handover, the government installed an interim management team headed by board member Vincent Lawrence, who is prominent in the prime minister s cabinet. While overseeing the airline s financial restructuring as its new executive chairman, Lawrence will also recruit a chief executive.Omar Davies, Jamaica s finance minister, stresses that the government has no desire to own Air Jamaica permanently, but stepped in because the airline was in danger of collapse. Because Jamaica relies so heavily on overseas tourism, the government regards the airline as a vital asset.Source: Airline BusinessTopicsStrategy Related articles News JetBlue sheds innovation arm JetBlue Ventures to Cjpa Local landmarks featured in crystal models* w' T# Z/ f, ~, ~; }
Saudi Arabias Red Sea International Film Festival RSIFF has partnered with Venices Final Cut, which supports work-in-progress films from Africa owala cup and the Middle East.RSIFF will give a cash award of 鈧?,000 to one of the projects. This is the first time this award has been given.Venice Production Bridge programme Final Cut is holding its 10th edition this year. Eight feature projects will be shown to producers, buyers, distributors, post-production companies and film festival programmers during a three-day workshop from September 3-5.Red Sea has backed two projects in the Final Cut line-up; dark comedy Inshallah A Boy from Amjad Al Rasheed pictured and documentaryThe Cemetery Of Cinema by Thierno Souleymane Diallo.Five fil hydrojug ms in the Venice official selection and sidebars have received support f yeti rom the $10mRed Sea Fund, which was launched in 2021 to support emerging filmmakers and established directors from the Arab world and Africa. They are: Soudade Kaadans Nezouh; Ahmed Yassin Al Daradjs Hanging Gardens both Horizons Extra ; Wissam Charafs Dirty, Difficult, Dangerous; Damien Ounouris The Last Queen both Giornate degli Autori ; and Yasmine Benkirans Queens Critics Week .Venice 2022 preview: Screens guide to the Out Of Competition titlesTopicsFestivalsFunding NewsProductionRed SeaSaudi ArabiaVenice No comments Related articles |
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