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News in brief
01 December 2007
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FL Group
Air France-KLM
Open Skies
WestJet
Air France
Airbus
Aircastle
The Icelandic company FL Group has sold most of its shares in AMR Corp, parent company of American Airlines. The FL Group cut its shareholding from 9.1% to 1.1% in AMR, which has indicated that it is planning to sell American Eagle. American Airlines is undertaking a valuation of the regional airline, which could be worth up to $1.2 billion.
The Air France/KLM Group has reported six-month results up to September 30 2007. The total revenue for the period is €12.43 billion ($17.72 billion), an increase of 4.2%. The net income is €1.15 billion, up from €618 million, an 86.2% increase over the six months ended September 30 2006.
The Open-Skies...
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