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MOSCOW () -- The Lithuanian government has backed the proposal by the country's Transport Ministry to set up a joint venture with U.S. firms Northwest Airlines and Baltic International USA to repair Boeing and Tupolev aircraft, a news agency reported Tuesday.
Under the project, the two American airlines would acquire a 60 percent stake in the venture, which would have an initial charter capital of $12 million.
U.S.-Lithuania JV Set
31 August 1994
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