International Finance Corp., the private-sector arm of the World Bank, said the government of Samoa signed an agreement with Virgin Blue to set up a new joint venture airline, Polynesian Blue. Virgin Blue was chosen as the preferred partner in the project in January (ATWOnline, Jan. 4). According to IFC, which acted as the lead adviser to the Samoan government on the transaction, the new airline will operate the long-haul services of Polynesian Airlines beginning in late October. IFC also ...

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