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Aeroflot To Buy 75 Percent Of Transaero

September 1, 2015

Aeroflot To Buy 75 Percent Of Transaero

Aeroflot said it will acquire a 75 percent stake in struggling competitor Transaero, to create one of the world's largest air transport companies.


Delta Equity Stake Opens China Code-Share Door

September 1, 2015

Delta Equity Stake Opens China Code-Share Door

China Eastern Airlines' Chairman Liu Shaoyong said the carrier's equity deal with Delta Air Lines will give the US airline an opportunity to extend code-sharing in China's domestic network.


Lufthansa CEO Defends Hard Line On Strikes

September 2, 2015

Lufthansa CEO Defends Hard Line On Strikes

Lufthansa chief executive Carsten Spohr defended the airline's hard line on strikes after pilots' union Vereinigung Cockpit (VC) threatened further walkouts in a row over retirement benefits and cost cuts.


Awaiting US Avalanche, Cubans Hit The Beach

September 1, 2015

Awaiting US Avalanche, Cubans Hit The Beach

Cubans are flocking to the beach in record numbers before a possible end to the US travel ban that would open the gates to American tourists and bump up prices.


Kenya Airways Gets USD$240 Mln In Loans

September 2, 2015

Kenya Airways Gets USD$240 Mln In Loans

Kenya has provided a KES4.2 billion shilling (USD$40 million) loan to loss-making Kenya Airways, while African Export-Import Bank has approved a USD$200 million bridging loan for the airline.



Flights Cancelled As Storm Hits Phoenix

September 1, 2015

Tens of thousands of people throughout the Phoenix area remained without electricity on Tuesday after a powerful storm knocked down power lines and halted flights at the city's airport.