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Global Crossing Airlines Provides Details on Spin-Out of Canada | The Kingston Whig Standard


The transaction will be carried out by way of statutory plan of arrangement pursuant to the
Canada Business Corporations Act (“CBCA”). Under the terms of the Transaction, GlobalX will distribute 75% of the shares of Jetlines to GlobalX’s shareholders as of the Record Date and retain a 25% interest in Jetlines. Each shareholder of GlobalX as of the Record Date will receive one share of Jetlines for every two shares of GlobalX held on the Record Date. Jetlines intends to operate as a Canadian charter airline once applicable regulatory approvals are in place and the Transaction is essential to achieve compliance with foreign ownership and control restrictions applicable to Canadian airlines. ....

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Vietnam economy set to bounce back in 2021: forum


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 13/01/2021
  
15:34
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Vietnam is well-positioned to revive its economy this year due to a boost in private investment and exports, experts told a forum in HCM City on Monday.
Speakers at the 2021 Vietnam Economic Scenario Forum in HCM City on Monday. Photo Bo Xuan Hiep
Nguyen Xuan Thanh, a member of the Prime Minister’s Economic Advisory Group, told the Vietnam Economic Scenario Forum that the economy would be driven this year by the domestic market, boost in private investment and exports to the EU and ASEAN. ....

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