• airberlin strengthens long-haul network • Tourism is a key pillar of the network strategy • New opportunities in Italy due to codeshare with Alitalia • New sunshine destinations from Austria and Switzerland • Cancellation of loss-making routes airberlin will continue to adapt its route network by focusing on increased efficiency and further reducing seasonal effects. This strategic focus on increased efficiency is accompanied by a focus on our core markets Germany, Austria and Switzerland. The network changes see an increase in flights on further routes, such as the...

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Given the rocky nature of the markets on Wednesday, we thought we'd start TreppWire with a little chicken soup for the CMBS soul. The servicer for the $3 billion Stuyvesant Town/ Peter Cooper Village loan increased the appraised value of the property according to data received this week. Previously valued at $3.4 billion as of September 2013, the loan's appraisal was bumped up to $3.5 billion this month. As a result, the appraisal reduction assigned to the note was lowered. The lowest reported...

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The European Commission has commenced investigations into so called 'tax rulings' issued by several Member States. These rulings include comfort letters issued by (national) tax authorities giving a specific company clarity on how its corporate tax will be calculated or on the use of special tax provisions applicable to their specific situation. In general, tax rulings may involve state aid within the meaning of EU rules if they are used to provide selective advantages to a specific company or...

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