Sabah Air Aviation needs to develop a robust business plan first before considering MASwings equity, says chairman Isna, June 27, 2024 KOTA KINABALU, Oct 29 — Sabah Air Aviation Sdn Bhd (SAASB) says it still needs to develop a robust business plan before it can explore the possibility of acquiring an equity of MASwings. Its chairman, Datuk Kenny Chua, said in a statement that while SAASB keeps a close eye on building a long-term cooperation with Sarawak’s Hornbill Skyways Sdn Bhd in the interest of the Borneo region, there are details that it still needs to iron out. “Firstly, I congratulate the Sarawak government for making a big step toward the acquisition of equity of MASwings. “The Sabah government certainly aims … Continue Reading
TIM shares rise 2.2% on integrated business plan – TopNews Isna, June 26, 2024 TIM shares rose by 2.2% to 0.227 euro per share in early trading on the Milan stock market on Monday after the Italian telecom giant confirmed its 2024-2026 guidance and integrated last Thursday’s market communication with data on expected cash flow. Following an extraordinary board meeting on Sunday TIM said it expected “its pro-forma net debt, after the Netco transaction, to be around 7.5 billion euros at the end of 2024” and “net cash flow to be around zero in 2025 and around 500 million euros in 2026, normalized to 800 million”. The company also said “any upside to the … Continue Reading