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Old 21st Jul 2005, 15:08
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Powerjet1
 
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Apparently, the deal was based on the company, Infratil, a New Zealand infrastructure fund company, being successful in acquiring a 90% stake in the airport and then gaining approval to extend the runway. It now seems that that the german courts have refused planning permission, at least for the time being, for such an extension to take place. As a result, the chances of Lubeck becoming a major ryan base are somewhat reduced.
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