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December
Although the aviation downturn has delayed legislation, airlines will eventually have to find a way of paying for emissions, says Colleen Nelson, partner and head of UK law-firm asb's environmental practice.
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Mike Halls reports on what the decline and fall of the world's mightiest currency will mean to aviation financiers.
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After a two-year long skirmish, the US Department of Transportation has issued a final order to FedEx to repay about $29 million of the compensation it received under the Air Transportation Safety and System Stabilization Act for financial loses arising from the September 11, 2001 terrorist attacks on the US.
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An administration court is contesting what it alleges to be the unfair allocation of passenger and cargo flights to Taipei by the Korean Ministry of Construction and Transportation. The ministry has allotted a total of 18 passenger and two cargo flights to be evenly split between Korean and Asiana Airlines.
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Airfinance Journal has consulted palms, tarot cards, tea leaves, crystal balls, horoscopes, goat entrails and even some economist forecasts to give you an exclusive peak at what will happen in 2005. (Although we have made every effort to ensure the accuracy of this forecast, we do not accept legal responsibility for consequences that may arise from anyone relying on it.)
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The US Supreme Court has upheld a lower court ruling recognizing a 2002 Swiss arbitration decision against Aeroflot for $13 million plus all interest and litigation expenses.