Day: January 2, 2025

HONG KONG SAR – Media OutReach Newswire – 2 January 2025 – With much fanfare, Hong Kong welcomed the inaugural scheduled commercial flight outside of Mainland China of the country’s first domestically developed and built C919 passenger jet aircraft on January 1, 2025.

The C919 aircraft receives a water salute at Hong Kong International Airport and warm welcome by Secretary for Transport and Logistics Mable Chan (first left).

Operated by China Eastern Airlines, the C919 has taken up a daily round-trip route between Hong Kong International Airport (HKIA) and Shanghai Hongqiao International Airport, marking an historic milestone for the home-grown narrow-body aircraft in accordance with international airworthiness standards, and a new phase for Hong Kong as a global aviation hub.

“We hope that through this scheduled commercial flight, we can bring this historic innovation breakthrough in the Mainland’s production of civil aviation aircraft to our Hong Kong citizens, as well as to the international visitors coming to Hong Kong,” said Mable Chan, Secretary for Transport and Logistics.

“We do hope that through this inaugural flight, we can innovate and establish ourselves in civil aviation, so as to demonstrate our position under ‘one country, two systems’ and our advantage of facilitating the Mainland’s achievements to flourish with Hong Kong’s position.”

She highlighted three areas where Hong Kong could demonstrate its strengths and advantages. First, aircraft maintenance. HKIA has rich experience and comprehensive ancillary facilities that can fully support the maintenance of China-made aircraft outside of the Mainland. Second, training. The Hong Kong International Aviation Academy is an important aviation training centre in Asia, and is considering expanding its training programmes to cover areas related to C919. Third, aircraft leasing. With a preferential tax regime for aircraft leasing, coupled with Hong Kong’s well-established legal and financial systems as well as being the world’s largest offshore renminbi business centre, the city has an edge in aircraft leasing and can help the expansion of China-made aircraft in the international market through “finance leasing” in the city.

Earlier, Chan thanked the Civil Aviation Administration of China for its continued strong support of Hong Kong, and said the C919 scheduled commercial flights would give more Hong Kong residents “a chance to step on the C919 and experience the remarkable achievements of the nation’s aviation development.”

“As an international aviation hub located in the heart of Asia, with half of the world’s population within a five-hour flight, and with the newly opened three-runway system (3RS), Hong Kong will continue to capitalise on its unique advantage of connecting the nation and the world under ‘one country, two systems’,” Chan said.

A C919 flight demonstration over Hong Kong on December 16, 2023.

On November 28, 2024, the eagerly anticipated 3RS at HKIA was commissioned, ushering in a new era for Hong Kong’s aviation industry and its role in propelling related economic activities.

With the 3RS in full swing, HKIA, already the world’s busiest air cargo hub, would be able to increase handling capacity by about 50%, to some 120 million passengers and 10 million tonnes of cargo a year by 2035.

More than a city airport, HKIA has evolved into an Airport City and new projects include, among other things, creating an ecosystem for the arts industry, building the AsiaWorld-Expo Phase 2, developing a yacht bay with ancillary facilities and opening a food market for imported fresh food. Indeed, Hong Kong aims to expand the scale of the Airport City by more than double, building a new, world-leading landmark.

NEW YORK, Jan. 01, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Warner Bros. Discovery, Inc. (NASDAQ: WBD) between February 23, 2024 and August 7, 2024, both dates inclusive (the “Class Period”), of the important January 24, 2025 lead plaintiff deadline.

SO WHAT: If you purchased WBD securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the WBD class action, go to https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 24, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) WBD’s sports rights negotiations with the National Basketball Association (“NBA”) were causing, or were likely to cause, WBD to significantly reevaluate its business and goodwill; (2) WBD’s goodwill in its Networks segment had significantly deteriorated as a result of the difference between its market capitalization and book value, continued softness in certain U.S. advertising markets, and uncertainty related to affiliate and sports rights renewals, including with the NBA; (3) the foregoing significantly increased the likelihood of WBD incurring billions of dollars in goodwill impairment charges; (4) accordingly, defendants had overstated WBD’s overall business and financial prospects; and (5) as a result, WBD’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the WBD class action, go to https://rosenlegal.com/submit-form/?case_id=31683 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9325159

NEW YORK, Jan. 01, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Xerox Holdings Corporation (NASDAQ: XRX) between January 25, 2024 and October 28, 2024, both dates inclusive (the “Class Period”), of the important January 21, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Xerox securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Xerox class action, go to https://rosenlegal.com/submit-form/?case_id=31433 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) after a large workforce reduction, Xerox’s salesforce was reorganized with new territory assignments and account coverage; (2) as a result, Xerox’s salesforce productivity was disrupted; (3) as a result, Xerox had a lower rate of sell-through of older products; (4) the difficulties in flushing out older product would delay the launch of key products; (5) as a result, Xerox was likely to experience lower sales and revenue; and (6) as a result of the foregoing, defendants’ positive statements about Xerox’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Xerox class action, go to https://rosenlegal.com/submit-form/?case_id=31433 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9325076