Lufthansa and DHL Express yesterday announced that their 50/50 joint venture cargo airline AeroLogic will be based at Leipzig/Halle Airport and have a fleet comprising 11 leased 777Fs by 2012. The first eight aircraft will be leased from Deucalion Capital VII, which is managed by Germany's DVB Bank. Boeing said the 777Fs, valued at $2 billion, originally were ordered by Iceland's Avion Group in 2005 and were "picked up" by Deucalion in late 2007 after Avion terminated its order. Boeing will ...

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