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SATS to benefit from airline recovery, says OCBC

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Singapore Airport Terminal Services (S58.SG) headed as high as $2.68 this morning as recent upbeat news from aviation sector lends support, reported Dow Jones Newswires.

OCBC Investment Research notes the International Air Transport Association halved its 2010 loss forecast for airlines last week, driven by economic recovery in Asia-Pacific and Latin America.

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