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AMR, US Airways near merger deal

NEW YORK/DALLAS - The boards of American Airlines parent AMR and US Airways Group are prepared to vote on a merger tomorrow as executives and advisers work on final terms this weekend, people familiar with the matter said.

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Titan eyes six-fold sales rise

NEW DELHI - Titan Industries, an Indian company that got 96 per cent of sales from watches and jewellery, plans to boost its aircraft parts unit revenue six-fold in five years as it taps rising local output of aerospace hardware.

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Virgin confident with Delta equity deal

LONDON - Virgin Atlantic Airways will go on the offensive under new chief executive officer Craig Kreeger as an equity deal with Delta Air Lines gives it the backing to take on bigger rivals, outgoing CEO Steve Ridgway said.

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Airbus may ditch Li-ion for A350

PARIS/NEW YORK - Europe’s Airbus is considering whether to drop lithium-ion, or Li-ion, batteries and switch back to traditional ones on its A350 passenger jet as investigators probe Boeing 787 safety incidents, several people familiar with the matter said.

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