Corporate bits | Mixed martial arts showdown at the Venetian Macao

The Venetian Macao is holding a mixed martial arts (MMA) event titled “One: Kings & Conquerors” on August 5.

The main event will be a match between reigning champion Bibiano Fernandes of Brazil, and top contender Andrew Leone of the United States. They will fight for the ONE Bantamweight World Championship.

The 37-year-old Bibiano Fernandes, or “The Flash,” is widely considered one of the best bantamweights in the world. He made his promotional debut back in 2012 and captured the title in 2013. He has won his last 12 bouts, achieving three submissions and two knockouts.

Andrew Leone of Cortland, New York, is a 27-year old martial artist who has a standout record of eight wins and two losses. He has won three victories over top caliber opponents that earned him a shot at the ONE Bantamweight World Championship.

Other athletes to to compete at the event include Timofey Nastyukhin from Russia, Koji Ando from Japan, Shannon Wiratchai from Thailand, and Rob Lisita from Australia.

This is One Championship’s second edition in Macau, after an event last year.

Tickets for the show are priced at MOP1980, MOP1180, MOP880, MOP280 and MOP140.

Cathay to buy out partner DHL’s 40 percent stake in cargo unit

Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program.

Under the non-binding preliminary agreement, Cathay will purchase the 40 percent held by the German company in AHK Air Hong Kong Ltd., making it a fully-owned subsidiary, the airline said in a filing to the city’s stock exchange Friday. DHL will buy eight Airbus SE A300-600 freighters from AHK and lease them back to Cathay’s unit. 

With mainland China as its backyard and an ongoing boom in e-commerce in the region, Asia’s biggest international airline has been expanding its air-freight business even as it streamlines the structure by getting rid of the role of cargo director. Cathay, together with its Cathay Dragon unit, carried 11 percent more freight in the first five months of 2017 than a year ago.

AHK will sell space on its freighters to DHL on an agreed network of overnight routes for initially 15 years starting January 2019, Cathay said.

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