The Daily Star, a Lebanese Newspaper, has published a story on the press conference presided by the Lebanese Minister of Public Works on September 08, 2011.Ethiopian Airlines regrettably noted that some factually incorrect statements were released in the subject press conference.
READ MORELuxembourg, Cargolux International Airlines S.A. announced today the closing of the strategic equity partnership transaction with Qatar Airways after clearance by all competent authorities. On 9 June 2011, the Doha-based carrier had signed an agreement to acquire a 35% equity stake in Cargolux.
READ MORESudanese & Kuwaiti media reported the Sudanese Government reached a preliminary agreement to acquire all shares of remaining parties believed to value US Dollars 100 million.
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Peter Hill, the outgoing CEO of Oman Air, has delayed his departure from the company, as the board of Oman’s national airline fail in finding a replacement for the person who led investments in the aircraft and expanding new routes.
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Riyadh, the U.S.-Saudi Arabian Business Council (USSABC) reported, Saudi Aramco recently signed a contract with Alsalam Aircraft Company (Alsalam) to maintain its fleet of Boeing 737 Next Generation (NG) aircraft.
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NBK Capital, Kuwait issued a report on Jazeera Airways, raising the stock’s fair value by 15.4% from 260 fils to 300 fils to reflect better forecasts based on the airliner’s latest results. This valuation represents nearly 24% upside potential to the stock’s market close of 242 fils on Monday, Sept. 5th.
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In view of the developments in Libya, the EU Council today lifted the freeze on the financial assets and economic resources of 28 Libyan entities. Today's decision amends Council decision 2011/137/CFSP of 28 February, which introduced a travel ban and an assets freeze, while granting the necessary humanitarian exemptions.
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