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Sat 11 Nov 2009Transatlantic air fares could drop 30%, says report
THE CURRENT weak demand for long-haul aircraft offers a “two-year window of opportunity” to establish a Dublin-based low-cost carrier on transatlantic routes, according to a report published by Bloxham Stockbrokers.
Bloxham aviation analyst Joe Gill yesterday presented a thesis for the launch of a low-fares transatlantic service that would undercut fares offered by flag carriers by 30 per cent and take advantage of Ireland’s attractive corporate tax rates.
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