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#1 2018-08-07 08:33:55

Registered: 2017-12-20
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by Larry Neild

LONDON Cordrea Tankersley Jersey , Dec. 10 (Xinhua) -- Britain's regions are set for an economic boost after a landmark agreement for a 50 percent boost in the number of flights allowed between Britain and China, Transport Secretary Chris Grayling announced Sunday.

Grayling unveiled the deal, which will allow for a huge expansion in routes from regional airports, saying it will potentially boost local economies by hundreds of millions of dollars by opening up new business and tourism opportunities.

The Department of Transport (DfT) announcement builds on successful discussions in October 2016 that saw limits on passenger flights between Britain and China raised from 40 per week to a maximum of 100.

A spokesman for the DfT said: "The number of Chinese tourists visiting Britain has rocketed during the first half of this year. Between January and June, 115 Raekwon McMillan Jersey ,000 visits were made from China to the UK, a rise of 47 percent on the same period last year. Spending also increased to 231 million pounds (310 million U.S. dollars), up 54 percent.

Grayling said: "These agreements are an important part of preparing Britain for a post-Brexit world and making sure we have access to key markets in the Far East, and they come at a time when our exports are growing and we continue to attract international investment. It just underlines that Britain will do well regardless of the outcome of the Brexit negotiations."

Under the current arrangement, agreed in October 2016 Charles Harris Jersey , a maximum of 100 passenger flights per week can operate between the UK and China, with this figure set to increase to 150 under the terms of the new deal.

The DfT said Chinese tourists are some of Britain's highest spenders, staying longer and travelling more than visitors from other countries.

Last year, Manchester airport launched the first direct regional flight to Beijing, worth an estimated 335 million U.S. dollars in economic benefits to Britain over the next decade. Hainan Airlines has already added more flights to the Chinese capital from Manchester.

During the same year restrictions were relaxed allowing an unlimited number of cargo flights to operate between Britain and China. By the end of 2016 more than 74 Mike Gesicki Jersey ,000 tonnes of freight had been transported between Britain and China by air, an increase of 27 percent when compared to 2015.

At the start ofb December the carrier Cathay Pacific gave its Manchester to Hong Kong direct service a boost by introducing a daily service, marking three years since its inaugural flight in December 2014. The airline said it was increasing its service from five flights per week in response to customers' growing demand.

Walt Disney Co (DIS.N) is in the lead to acquire much of Twenty-First Century Fox Inc's (FOXA.O) media empire, though rival suitor Comcast Corp (CMCSA.O) remains in contention, people familiar with the matter said on Tuesday.

The Murdoch family Minkah Fitzpatrick Jersey , which controls Fox, prefers a deal with Disney because it would rather be paid in Disney than Comcast stock, and expects a potential deal with Disney to be cleared by U.S. antitrust regulators more easily, one of the sources said.

However, no deal between Disney and Fox is imminent and several issues have yet to be fully negotiated Cheap Miami Dolphins T-Shirts , the sources said.

The Reuters sources asked not to be identified because the negotiations are confidential. Fox and Comcast declined to comment, while Disney did not immediately respond to requests for comment.

Fox is exploring a potential sale as it is has been considered undervalued relative to its peers, said Brian Wieser, an analyst at Pivotal Research.

“At the beginning of this year, Fox was the only buy-rated stock I had because it was so depressed relative to everything else in the sector Cheap Miami Dolphins Hoodies ,” Wieser said.

Fox Chief Executive James Murdoch, speaking at the UBS Global Media and Communications Conference in New York on Tuesday, declined to comment on reports about a potential sale.

"It’s always good to look at what’s going to create the most value for our shareholders,” he told attendees.

CNBC had reported earlier on Tuesday that a deal for Disney to buy Fox's movie studio and television production assets for more than $60 billion could come as early as next week.

Fox shares were up 0.57 percent in late afternoon trading, while Disney was down 2.45 percent. Comcast shares were down 1.56 percent.

Disney Customized Miami Dolphins Jersey , which has a market value of around $166 billion, would acquire Fox's FX and National Geographic cable channels, its movie studio, the Star network in India and stake in European pay-TV provider Sky PLC (SKYB.L).

Fox anticipates that its deal to buy the remaining 61 percent stake of Sky, which has been held up by regulators Cheap Miami Dolphins Jerseys , will be approved in the first half of 2018. Any deal for Fox would include the remaining stake of Sky, sources have told Reuters.

Fox would keep its news and business news divisions, its broadcast stations and Fox Sports, the sources said.

Reuters reported in November that Comcast, which is the largest U.S. cable provider and has a market value of around $188 billion Kenyan Drake Dolphins Jersey , had expressed interest in Fox assets.

Those assets would offer the opportunity for both Comcast and Disney to broaden their international distribution footprint.

They would also be a source of new content at a time when companies like Amazon Inc (AMZN.O) and Netflix Inc (NFLX.O) are spending billions to bulk up on programming. Comcast has steadily boosted its ownership of content over the years.

Any potential deal would follow the U.S. Department of Justice's decision to sue to block AT&T Inc's (T.N) $85.4 billion deal to buy Time Warner Inc (TWX.N). (Agencies)

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2018-08-07 08:33:55



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