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- Edition: 1490
Headlines
Contents Spain's Abertis to sell Belfast, Stockholm airports
Spanish infrastructure firm Abertis said it would sell Belfast International airport and Stockholm's Skavsta airport to ADC & HAS Airports Worldwide in a deal worth US$373.2 million, reported Reuters.
Stansted wants to expand into a four-runway hub
Britain's Stansted airport urged the government to let it expand into a four-runway hub, the latest group to put forward multi-billion-pound plans aimed at addressing London's air capacity crunch, reported Reuters.
Tycoon wants to sell holding in PAL
Philippine beer-and-tobacco tycoon Lucio Tan wants to sell all his shares in the country's flag-carrier, Philippine Airlines (PAL), to foreign or local buyers.
GE gets nod for purchase of Avio's aviation business
General Electric won US anti-trust approval for its US$4.3 billion bid for Italian plane components maker Avio's aviation business, the Federal Trade Commission said, reported Reuters.
Air Berlin reaches new wage deal with pilots
Air Berlin, Germany's second largest airline, has agreed to raise the wages of its estimated 1,300 pilots, trade union Cockpit said, reported Reuters. Both sides declined to provide details of the agreement, which runs until 2016.
Kolkata terminal deal may be signed by October
At least something seems to be working out right for the Kolkata Port Trust (KoPT), reported The Times of India.
Union demands threaten Toll jobs
Australia's largest transport operator, Toll, has warned that ``untenable'' demands by the Transport Workers Union risked making the company uncompetitive and put jobs in jeopardy, reported The Australian.
Kansas City Southern Q2 profit falls 87%
Kansas City Southern's second-quarter earnings dropped 87 percent as the regional railroad operator booked a hefty charged tied to debt-retirement costs and foreign currency fluctuations, while adjusted profit climbed as carload volume edged up,
Heartland Express Q2 earnings rise 5%
Heartland Express' second-quarter earnings rose five percent as lower fuel costs helped mask a drop in revenue for the trucking company, reported Dow Jones Newswires.
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