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AMR Agrees Deals With Five Work Groups
May 15, 2012
Five out of seven work groups represented by the largest union at American Airlines voted to accept contract terms offered by the bankrupt airline that will cut thousands of jobs, the Transport Workers Union (TWU) said on Tuesday.
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Lufthansa May Bid For Portugal's TAP
May 15, 2012
Lufthansa is interested in purchasing Portugal's flag carrier TAP that is set to be sold this year, the Financial Times reported on Wednesday.
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India, China Fail To Comply With EU ETS
May 15, 2012
Ten Chinese and Indian commercial airlines have failed to abide by EU law requiring them to offset their carbon emissions, while all other international carriers have complied with the scheme, the European Union's climate chief said on Tuesday.
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Boeing Studying Higher 787 Production Rate
May 15, 2012
Boeing is on track to hit its production rate target for the 787 Dreamliner next year and is studying the possibility of raising that target, the head of the plane maker's commercial planes unit said.
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Lufthansa To Focus On Cost Cuts Before Deals
May 16, 2012
Lufthansa said on Wednesday it had no plans to veer from its cost-cutting path to focus on acquisitions but would still look at assets up for sale, such as Portugal's flag carrier TAP.
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Managers To Buy Bankrupt Cimber Sterling
May 16, 2012
Managers of bankrupt Danish no-frills airline Cimber Sterling are to buy the core of the business, which will continue to fly under the Cimber name.
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EADS Doubles First Quarter Profit
May 16, 2012
EADS on Wednesday reported a doubling of first-quarter operating profit to EUR€480 million (USD$613.2 million).
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Berlin Airport Delayed To March 2013 - Sources
May 16, 2012
Berlin's new Brandenburg airport will probably not open before March 2013 because of problems with fire regulations, sources said on Wednesday, further embarrassing authorities who had predicted a three-month delay from the original date of June 3.
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Virgin Atlantic Rolls Out In-Flight Phone Service
May 16, 2012
Virgin Atlantic will provide passengers with a new service to make and receive phone calls from 35,000 feet in the air.
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US Senate Deals Clears Way For ExIm Bank Vote
May 15, 2012
US Senate leaders, under pressure from business groups, reached a deal that clears the way for a vote on a bill to renew the soon-to-expire charter of the US Export-Import Bank, which helps finance US exports.
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