Sydney Airport must pay Qantas AUD535 million ($394 million) to curtail the 30-year lease the Australian carrier holds on the airport’s Terminal 3. Qantas signed the lease in 1989, which was due to expire June 30, 2019. Under the terms of a new 10-year deal, Terminal 3 will revert from Qantas to Sydney Airport on Sept. 1, 2015. Qantas will retain exclusive use of the terminal and will continue to manage most of it on behalf of Sydney Airport until the lease term expires in 2019. ...

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