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U.K. regulators support tax based on aircraft weight. The U.K. Treasury on Thursday said it supports an aviation tax mechanism that would base taxes on an airplane's maximum take-off weight. Regulators want to replace a passenger tax with a tax that reflects the environmental impact of airplanes. Feb 3, 2008

Austrian Airlines Group

Austrian Airlines Group announced that Saudi investor Mohamed bin Iassa Al-Jaber is in talks with airline management about a plan to invest 150 million ($221.7 million) in the flag carrier, which is intent on protecting its independent status. Discussions regarding an investment are ongoing and there are no results to report, AAG said. Al-Jaber owns two luxury hotels in Vienna. According to financial sources, AAG's value on the stock exchange is nearly 450 million. Initial statements from Austrian politicians (state holding group OIAG remains a 42.75% owner of AAG) were positive about the potential investment deal. For its part, AAG said it regarded the investment as a strategic part of its plans to expand to the Middle East. The next board meeting is scheduled for March 12. Feb 3, 2008

China Eastern Airlines, Boeing

China Eastern Airlines signed an aircraft purchase agreement with Boeing for 30 737NGs yesterday in Shanghai, according to a statement released by the Shanghai Stock Exchange. Boeing did not acknowledge the specifics of the order, saying only that CEA "announced the selection of additional" aircraft and that it will issue a statement "when the order process is completed." The deal is worth CNY13.98 billion ($1.94 billion) at list prices, but CEA said it will pay less. Although the order will increase its 94.3% debt ratio, it noted that it will not affect daily cash flow or profitability. CEA will take delivery of the aircraft from July 2011 to November 2015. Feb 3, 2008

Continental Airlines

Continental Airlines reported a January consolidated (mainline plus regional) load factor of 76.8 percent, 0.5 points above the January 2007 consolidated load factor. The carrier reported a mainline load factor of 77.4 percent, 0.6 points above the January 2007 mainline load factor, and a domestic mainline load factor of 79.6 percent, 1.5 points above January 2007. All three were records for the month. In addition, the airline reported an international mainline load factor of 75.1 percent, 0.2 points below January 2007. During the month, Continental recorded a U.S. Department of Transportation on-time arrival rate of 74.7 percent and a mainline segment completion factor of 99.3 percent. Feb 3, 2008

Delta Air Lines, Northwest Airlines

Delta, Northwest merger would create global carrier. A potential merger of Delta Air Lines and Northwest Airlines could mean more international flights departing from Atlanta and a larger role for airports in Salt Lake City, Detroit and Minneapolis. A combined carrier would have the largest market share in Europe as well as a huge presence in Asia and Latin America, observers say. Reports say Delta is also discussing possible mergers with Continental Airlines and United Airlines. Feb 3, 2008

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