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That helped the business’s pre-tax profit rise from £451 million to £661 million in the six-month period, Jet2 said.
The business told shareholders that the mix of the disruption to the National Air Traffic Services (Nats), wildfires on Rhodes which were largely blamed on climate change and flooding in Skiathos had cost it around £14 million of lost profitability.
Yet the problems do not seem to have put off customers from travelling next summer.
Fri, 10 November 2023 at 3:20 pm GMT
Ukrainian military
Ukrainian military
No one knows when Russia's war against Ukraine will end, but it could end very suddenly, the head of the President’s Office, Andriy Yermak said in an interview with 1+1 channel host Natalia Mosiychuk on her YouTube channel released on Nov. 10.
"To put it this way, I think no one knows when the war will end, but it could end very suddenly," Yermak said.
Read also: Yermak and Sullivan hold phone talks on Ukrainian Peace Formula
“And that's why everything is being done. Many factors influence this.”
Yermak, Ukrainian President Volodymyr Zelenskyy’s chief-of-staff, said he would "really like to see this happen as soon as possible."
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "We are encouraged by the progress made at both projects through the course of a challenging year. Our strategy remains as previously announced - to continue to develop our assets while working with counterparties in BRICS countries regarding the possible sale of our Russian assets, a process which we appreciate has now run on longer than the Company's management team anticipated."
With regards to the proposed sale of our Russian assets, as previously announced, our M&A team is focusing on BRICS counterparties, and discussions are ongoing with predominantly Russian, Indian and Chinese non-sanctioned counterparties. Whereas progress has been made with certain parties, at present there can be no guarantee that the Company will enter into a legally binding sale and purchase agreement with any of the interested parties. We expect potential buyers to remain anonymous until the Company is in a position to execute a legally binding agreement and further updates regarding the sale process will be made as appropriate.
Outlook
We recognise that, in relation to the potential asset sale, it may be a source of frustration for shareholders that we cannot report on specific counterparties, the nature of our discussions, and the ongoing processes in more detail. This reflects the regulatory regime and the many confidentiality agreements that govern this activity. However, although there can be no guarantees, all the Eurasia Board members are engaged in contributing towards a successful outcome to this process, and we look forward to providing our shareholders with further updates as appropriate.
We again thank our shareholders for their continued support.
Accordingly, the Company's directors who are independent of the Options Extension (being all directors with the exception of Christian Schaffalitzky) consider, having consulted with the Company's nominated adviser, that the terms of the Options Extension are fair and reasonable insofar as shareholders of the Company are concerned.
Outstanding Options and Warrants. Could this be why the other directors didn't. ?