Jetex & Berlin Neuhardenberg Airport to Develop the World’s First Pure Green FBO in Berlin

Dubai, United Arab Emirates, Jan. 17, 2022 (GLOBE NEWSWIRE) — Jetex, an award-winning global leader in executive aviation, and Berlin Neuhardenberg Airport announce the signing of a Joint Venture Agreement whereby both parties will work towards the development of a world-class executive aviation terminal and fixed base operation at Berlin Neuhardenberg Airport (EDON).

Berlin is one of the top ten private aviation markets in Europe with more than 20,000 annual executive jet movements. “FBO Berlin Neuhardenberg” Special Purpose Vehicle (SPV) to be established in 50-50 joint venture shareholding partnership between Jetex and Berlin Neuhardenberg Airport. Jetex investment subject to certain conditions precedent being met by Berlin Neuhardenberg Airport.

Private aviation aircraft operators and owners will benefit from a world-class dedicated FBO that will serve the Berlin, East Germany and Polish border market, offering the highest quality levels of hospitality, service, security and privacy.

The development will include a 1,500 sq.m. private jet terminal, office buildings, flight support and conference center as well as associated ground works and infrastructure. With up to 20 additional parking lots for private jets with associated technical requirements, the FBO will offer maintenance, repair and overhaul facilities, full ground support and equipment for a seamless operation.

Berlin Neuhardenberg Airport offers customers 24-hour fully unrestricted operations and is not slot controlled. Its runway is 2,400 meters by 50 meters, sufficient to accommodate all types of modern private aircraft up to the Airbus A350 type.

Passengers and crew will have access to limousine service to Berlin with transfer times of around one hour, as well as the helicopter shuttle service to and from Berlin and Berlin Brandenburg Airport Willy Brandt. The 55-room luxury Schloss Neuhardenberg hotel offering luxury accommodation, dining and conference facilities is located five minutes away from the airport.

Berlin Neuhardenberg Airport is also the site of one of Europe’s largest solar farms generating more than 175 megawatts of clean renewable energy, which will be used by Jetex to create the world’s first pure green FBO. The project will help significantly reduce CO2 emissions and air quality impact of general aviation in the Berlin metropolitan area and provide Berlin and the East German market with a environmentally friendly airport of the future.

Commenting on today’s news, Peter Sølbeck, principal shareholder and managing director of Airport Development A/S, said: “Jetex’s involvement is an equally important step in the development of our airport. Since 2007, we as a Danish company have been striving for the civil reuse of this former GDR government airport. The conditions are excellent. The application process for a satellite-supported approach and departure is in full swing. We have very strong political support and very positive support from our regional community including local residents and business owners in and around Neuhardenberg who are fully behind our project. With Jetex, the German capital region can succeed in maintaining and expanding its place as an economic, cultural and recreational region in what is an internationally competitive market. The conditions for business aviation in the Berlin region will radically improve and be elevated to a new, sustainable level. With the open-space photovoltaic plant that we created as project developers in 2012, which is still one of the largest in Europe, aviation will find ideal conditions here in East Brandenburg for the upcoming change in aviation mobility strategywhich is more and more looking at electrification.With our partner Jetex, we will master the upcoming milestones for the necessary approvals and find our place in the overall development of aviation in the capital region of Germany.”

Commenting on the announcement, Adel Mardini, Founder & CEO of Jetex, said: “Jetex is committed to delivering its customers the highest levels of service and a seamless experience. A major factor in our success is the ability to grow our FBO network in key international gateways with significant private aviation demand. As the capital of Germany and a major commercial and cultural centre, Berlin is a destination we have longed to get presence in. Neuhardenberg is an excellent airport for our first FBO in Germany that offers the space required to develop a world-class private jet terminal and FBO operation. Today, more than ever before, we focus on sustainability and minimizing our carbon footprint. Jetex has been offering a number of environmental solutions and developing the world’s first pure green FBO, which will also include the latest innovations in ecodesign, is a significant milestone. I would like to thank the owners of Neuhardenberg Airport and their commercial team for the support they have given us to date and we look forward to working closely together under the new joint venture partnership.”

For Berlin Neuhardenberg Airport, Chairman of the Board and Co Owner Dieter Vornhagen said: “We have long identified Jetex as the perfect partner for the development of our FBO. It is a company that is gaining increasing presence in the global FBO business and one that is renowned as offering the world’s business aviation community, standards of service and excellence that far exceed many in the sector. Our joint venture, when developed, will see the creation of over 50 jobs at Neuhardenberg and provide operators and owners of business jets with not just a world-class FBO for Berlin, but also a flagship development within the Jetex global FBO network. We are now eager to get started on terminal design concepts and engage with partners and stakeholders to help progress the project to an operational stage and create a unique environmentally sustainable business aviation airport for the Berlin-east German market.”

Following the signing of the agreement, Jetex and Berlin Neuhardenberg Airport commence works on terminal design and infrastructure planning. Further announcements will be made with regards to the expected opening date.

About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit https://www.jetex.com/ and follow us on Instagram, Twitter, Facebook, and LinkedIn.

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Oleg Kafarov - Director of Portfolio Development & Corporate Communications
Jetex
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Material Information dividend of Cyan Limited

Karachi, Cyan Limited informed Pakistan Stock Exchange that the dividend declared by the company whereof are appearing on the company’s website www.cyanlimited.com have remained unclaimed for a period of three years from the date these have become due and payable.

Cyan Limited is a Public Limited Company incorporated in Pakistan on April 23, 1960. The Company is a subsidiary of Dawood Corporation (Private) Limited and engaged in making equity investments in companies with high growth potential.

The total shares of the Company are 61,558,963. The Earnings per shares are 5.80 in 2020 which was 1.59 in 2019. Their Profit after Taxation is 357,282,000 in 2020 which was 97,942,000 in 2019.

Transmission of Annual Report for the Year Ended September 30, 2021 of Adam Sugar Mills Limited

Karachi, Adam Sugar Mills Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended September 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Adam Sugar Mills Limited was incorporated in Pakistan on 1965. The name of the company was Bahawalnagar Sugar Mills Limited, but as a public limited company, in 1985, the name of the company was changed to Adam Sugar Mills Limited. The Shares of the company are now quoted in Pakistan Stock Exchange, and “ADAMS” symbol is being used for the shares of the company.

Adam Sugar Mills Limited is engaged in the manufacturing and sale of Sugar, part of Candy manufacturing industry.

The total number of shares the company has issued are 17,291,008. Earnings per shares in 2020 has increased up to 18.42 whereas it was (14.69) in 2019. The Profit after tax recorded in 2020 is 318,557,000 which was (254,059,000) in 2019.

Corporate Briefing Session of Netsol Technologies Limited

Karachi, Netsol Technologies Limited informed Pakistan Stock Exchange that the corporate briefing session of the company will be held on January 20, 2022 at Lahore, to brief the analysts/shareholders/investors about the company’s financial result and future outlook.

NetSol Technologies Limited was incorporated in Pakistan on August 22, 1996 as a private company limited by shares, was later on converted into public limited company. Main business of the Company is development and sale of computer software and allied services in Pakistan as well as abroad.

The total numbers of shares are 89,836,923. The Earnings per share is 2.73 in 2020 which was 13.86 in 2019. The Profit after Taxation is 244,840,000 in 2020 which was 1,243,484,000 in 2019.

Transmission of Annual Report for the Year Ended September 30, 2021 of Dewan Sugar Mills Limited

Karachi, Dewan Sugar Mills Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended September 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Dewan Sugar Mills Limited (the Company) was incorporated in Pakistan, as a public Limited company on June 27, 1982. The Principal activity of the Company is production and sale of white crystalline refined sugar, processing and trading of by-products, and other related activities and allied products. The Company also have the delivery and Packaging options that are Bulk Vessel, ISO Tank and FCLs. The production of the company is recorded as 125,000 litres per day and 33,000 metric ton annually.

The total number of shares of the company are 91,511,992. The Company’s Earnings per shares is (9.69) in 2020 which was (5.98) in 2019. The Company had a loss of 886,326,000 in 2020 which was 546,914,000 in 2019.

Quarterly Progress Report of Interloop Limited

Karachi, Interloop Limited informed Pakistan Stock Exchange that the company pleased to attached herewith quarterly progress report on implementation of projects for quarter ended December 31, 2021.

Interloop Limited was incorporated in Pakistan on 25th April, 1992 as a private limited company. On 18th July 2008, the Company was converted into public limited company and subsequently, on 5th April 2019, it was publicly listed on Pakistan Stock Exchange. The Company is engaged in the business of manufacturing and sale of socks, leggie, denim and yarn, and generating electricity for its own use.

The total numbers of shares 872,197,450. The Earnings per share is 2.06 in 2020 which was 6.67 in 2019. The Profit after Taxation is 1,796,403,000 in 2020 which was 5,194,767,000 in 2019.

Board Meeting other than Financial Result of Saif Power Limited

Karachi, Saif Power Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 24, 2022 at Islamabad. The agenda of the meeting will to consider the current financial position of the company and to consider any interim entitlement to the shareholder.

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Saif Power Limited was incorporated in Pakistan on November 11, 2004 as a public limited company and commenced operations from April 30, 2010. The principal activities of the Company are to own, operate and maintain a combined cycle power plant having nameplate capacity of 225 MW (ISO) and sell the electricity to Central Power Purchasing Agency Guarantee Limited (CPPA-G).

The total number of shares the company has introduced so far are 386,471,779. The Earning per share in 2020 is 6.14 which was 9.44 in 2019. The profit after taxation in 2020 is 2,371,501,000 which was 3,649,947,000 in 2019.