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Thai Airways defers A380 deliveries; Air New Zealand yield weak in Jun-2009: SHARE WRAP

Analysis

Asian airline shares were mixed yesterday (23-Jun-09), despite stronger conditions on Asian equity markets. Among the gainers, Thai Airways and Air New Zealand led the way, up 4.7% and 3.2%, respectively. Thai Airways' share price gain coincided with news that the carrier has reached an agreement with Airbus to defer the delivery of six A380 aircraft from late 2010 to Dec-2012, "to reflect the current market conditions".

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