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Aircraft Lessor Awas Eyes USD$13 Billion Breakup

July 29, 2014

Awas, the aircraft leasing company owned by British private equity firm Terra Firma, is working on a break-up that could value the Dublin-based lessor at around USD$13 billion.
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Airbus Terminates Sale Of Six A380s To Skymark

July 29, 2014

Airbus has terminated an agreement to deliver six A380s to Skymark Airlines after the Japanese discount carrier struggled to raise enough cash to pay installments on the aircraft.
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Airbus Terminates Sale Of Six A380s To Skymark

Spirit Airlines Profit Surges On Higher Airfares

July 29, 2014

Spirit Airlines has reported a higher second-quarter profit as it added flights and increased fares.
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Spirit Airlines Profit Surges On Higher Airfares

Flights Delayed By Military Exercises In China

July 29, 2014

Military exercises have become a new headache for Chinese carriers, causing hundreds of flight delays and cancellations just as they are grappling with a sharp decline in earnings.
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Flights Delayed By Military Exercises In China

WestJet's Q2 Profit Rises 16 Percent

July 29, 2014

WestJet Airlines reported a 16 percent rise in quarterly earnings, helped by a 5.5 percent rise in revenue passenger miles.
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WestJet's Q2 Profit Rises 16 Percent

TPS Says Kenya 'Must Be Joking' About Tourism Figures

July 28, 2014

Kenyan hotel chain TPS has disputed official figures for tourist arrivals, saying violent attacks by militant Islamists have scared away far more tourists than the authorities admit.
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TPS Says Kenya 'Must Be Joking' About Tourism Figures

Global Business Travel To Reach USD$1.18 Trillion

July 28, 2014

Global business travel spending will reach USD$1.18 trillion this year, up nearly 7 percent from 2013, bolstered by growth in China, US trade group GBTA said on Monday.
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Global Business Travel To Reach USD$1.18 Trillion

FAA Proposes USD$12 Mln Penalty Against Southwest

July 28, 2014

The US Federal Aviation Administration has proposed a USD$12 million civil penalty against Southwest Airlines for failing to comply with regulations related to repairs on Boeing 737s it operates.
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FAA Proposes USD$12 Mln Penalty Against Southwest

Airlines Push For Guidance On Airspace Safety

July 28, 2014

Global airlines will push to get "neutral information" on whether to use or avoid airspace over conflict zones at Tuesday's meeting of the ICAO and other airline bodies, a European-based airline insider said.
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Airlines Push For Guidance On Airspace Safety

IATA Seeks Meeting With Venezuela Over Trapped Money

July 28, 2014

IATA has called for a top-level meeting with the Venezuelan president to discuss ways to restore over USD$4 billion of airlines' money that is trapped in the country due to its currency controls.
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IATA Seeks Meeting With Venezuela Over Trapped Money

Airbus To Lose Japanese Buyer For A380

July 28, 2014

Airbus is set to to lose its only Japanese customer for the A380 as Skymark Airlines prepares to cancel an order for six jets worth more than USD$2 billion, industry insiders said on Monday.
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Airbus To Lose Japanese Buyer For A380

Rocket Ignites Blaze Near Tripoli Airport

July 28, 2014

A rocket hit a fuel storage tank in a chaotic battle for Tripoli airport that has all but closed off international flights to Libya, leaving fire-fighters struggling to extinguish a giant conflagration.
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Ontario Teachers Likely To Buy Rest Of Bristol Airport

July 28, 2014

Canada's Ontario Teachers' Pension Plan is likely to buy the rest of the UK's Bristol Airport in a deal worth up to GBP£250 million (USD$424.6 million), a source closely monitoring the situation said on Monday.
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San Miguel In Talks Over Philippine Airlines Stake

July 28, 2014

San Miguel said it is "discussing" with investment partner Lucio Tan their respective interests in Philippine Airlines parent PAL Holdings, after local media reported San Miguel had agreed to sell its stake.
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San Miguel In Talks Over Philippine Airlines Stake

Thai AirAsia cuts 2014 passenger target

July 28, 2014

Thai AirAsia has lowered this year's passenger target to 12.6 million from 13.3 million due to the impact of the country's political crisis.
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Thai AirAsia cuts 2014 passenger target
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