Aeroports de Paris, which operates the main Paris-area airports, and Schiphol Group, operator of Amsterdam Schiphol, yesterday agreed to enter into an alliance that will include each acquiring an 8% stake in the other, establishment of a "dual hub" philosophy for Paris CDG and AMS that is expected to produce annual airside synergies/savings totaling €89 million ($119.4 million) and "joint ventures" to acquire and develop airports around the world. The transactions are expected to close ...

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