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Virgin Atlantic Mortgages Heathrow Slots for $330 M, Faces UK Regulatory Probe

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Virgin Atlantic has entered a financing arrangement in which it mortgaged part of its slot portfolio at London Heathrow for $330 million, drawing scrutiny from UK aviation regulators and government authorities. The financing move was reportedly designed to fund shareholder dividends, in particular payments to U.S. partner Delta Air Lines.

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Lufthansa Urges Suspension of EU-Qatar Air Transport Agreement

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Lufthansa, Germany’s flagship carrier, has urged the European Commission to suspend the EU-Qatar air transport agreement, citing concerns over its “radically unequal” terms and serious corruption allegations. The agreement, which liberalizes market access between the EU and Qatar, has come under increased scrutiny in recent months.