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Flying within Europe was once a pretty expensive affair. National flag carriers enjoyed route monopolies and could charge whatever they wanted — that is, until the European Union created a single market leading to a boom in low-cost carriers. Not only was it cheaper to travel but there were now more places to travel to. […]The post Why Europe’s Short-Haul Aviation Market Is in Flux appeared first on Skift.
Air France will explore the use of narrow-body aircraft on midrange routes after sealing a new deal with its largest pilot union. Pilots unions typically negotiate what are called “scope clauses” that dictate the size of jets a pilot can fly. The airline had previously been unable to use smaller jets on routes more than […]The post Air France-KLM Hints at Further Fleet Changes After Sealing Union Deal appeared first on Skift.
Moody's Investors Service ("Moody's") has withdrawn the Baa3 senior unsecured rating of Astoria Financial Corporation for business reasons. At the time of withdrawal, the outlook on the rating was stable. Moody's has decided to withdraw the rating for its own business reasons.