Turkish Airlines to launch new carrier; Air France-KLM expecting losses of EUR30m from snow

Turkish Airlines (+2.9%) was the biggest gainer as the majority of European airline shares rose for Tuesday (21-Dec-2010). During the day it was reported that the carrier signed an MoU with the Turkish Republic of Northern Cyprus (TRNC) and 10 other companies to launch a new national carrier in the Turkish-controlled region of Cyprus.

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