Airlines

German pilots union says fresh strikes imminent at Lufthansa

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FRANKFURT - German pilots union VC said late on Friday that talks with carrier Deutsche Lufthansa over early retirement benefits have broken down and that new strikes are possible any time.

Austria re-opens sale of Hypo Balkan network - sources 28 Nov 2014

VIENNA - Austria has re-opened the sale of the Balkan network of nationalised bank Hypo Alpe Adria [HAABI.UL], with no exclusivity for a bidder group led by Advent International, sources close to the matter said on Friday.

Malaysia Airlines' new management to be announced next month 28 Nov 2014

KUALA LUMPUR - Malaysian Airline System Bhd (MAS), which is due to be taken private after being hit by two separate air disasters this year, will be replaced by a new company called Malaysia Airlines Bhd, with details to be announced next month.

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Despite OPEC blow, Venezuela says to push until oil at $100 28 Nov 2014

CARACAS - Venezuela will keep campaigning until oil prices rebound to $100 per barrel, president Nicolas Maduro said on Thursday night after OPEC refused to cut output as the cash-strapped South American country had aggressively pushed for.

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Malaysia Airlines posts worst quarterly loss since end-2011 28 Nov 2014

KUALA LUMPUR - Malaysia Airlines reported on Friday its worst quarterly loss since late 2011, as passenger numbers and yields dropped further after the loss of two jets in separate incidents this year.

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Taliban kill five in Kabul in attacks on British embassy car, foreign compound 27 Nov 2014

KABUL - The Taliban bombed a British embassy vehicle in the Afghan capital Kabul on Thursday morning, killing five people, and attacked a foreign compound in the city centre in the evening, officials and witnesses said. | Video

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Venezuela to keep seeking 'fair' oil price despite OPEC reverse 27 Nov 2014

CARACAS - Venezuela will maintain contact with non-OPEC countries to seek a "fair" global oil price, Foreign Minister Rafael Ramirez said on Thursday, despite OPEC's refusal to cut output as the cash-strapped South American country had aggressively pushed for.

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FTSE lags euro zone peers as energy stocks plunge 27 Nov 2014

LONDON - Britain's top equity index lagged its continental peers on Thursday, held back by energy shares as crude prices plunged to fresh four-year lows after oil producing countries decided to keep output unchanged.

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Scotland could slash air travel taxes under new UK deal 27 Nov 2014

LONDON - Scotland is likely to slash taxes on passengers flying out of the country from next year following a new tax deal with Britain, giving Scottish airports an advantage over rivals south of the border in England.

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Indonesia's Lion Group buying ATR planes worth $1 billion in Asia expansion 27 Nov 2014

SINGAPORE - Indonesia's Lion Group is buying an additional 40 aircraft from ATR for $1 billion at list prices, the companies said, in a move that will make Lion the biggest customer of the European manufacturer.