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Rapidly growing Transaero increases net profit in first half, places A320neo order

Transaero, has made an unexpected order for A320neos, breaking Boeing's stranglehold over the fleet of Russia’s second-largest airline by passenger numbers and revenue. Transaero last week reported a net profit of RUB114 million (USD4 million) in the first half of 2011, a 6% year-on-year increase. Transaero’s net result, albeit narrow, contrasts with rival carriers across Europe, the majority of which have reported sharp year-on-year reductions due to rising fuel costs and difficult economic conditions.

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