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Lufthansa’s tourism push puts Germany on spot after bailout

Bloomberg Deutsche Lufthansa AG’s bid to tap a revival in tourism once coronavirus lockdowns ease has put the German giant on a collision course with its former leisure arm, Condor. Lufthansa is using surplus long-haul jets to target sunspots such as Mauritius, the Dominican Republic and Namibia that are expected to recover before the airline’s bedrock corporate markets. As a ...

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CAA delays its decision on Heathrow fare rise

Bloomberg London’s Heathrow airport may be allowed to raise airline fees on a limited basis after Britain’s aviation regulator dismissed the hub’s pitch for a more substantial hike during the coronavirus pandemic. The Civil Aviation Authority (CAA) said it plans to reject Heathrow’s proposal, which the airport reckons would lift fares by 1.20 pounds ($1.44) per passenger, as disproportionate and ...

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Blackstone, GIP unite on $4.7b Signature Aviation jet deal

Bloomberg Rival bidders Blackstone Group Inc and Global Infrastructure Partners (GIP) joined together to buy Signature Aviation Plc for $4.7 billion, resolving their tussle over the world’s biggest operator of private-jet bases. The company agreed to a sweetened $5.62-per-share bid from the two major funds and billionaire Bill Gates, currently the largest investor in the company, according to a statement. ...

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