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Dallas/Washington — Shares in US airlines climbed after preliminary deals were reached to access billions of dollars in federal aid, securing a temporary lifeline as the industry waits for customers to start flying again.

The agreements cover all major airlines, the treasury department said in a statement on Tuesday, and position the government to start doling out $25bn in assistance allocated for passenger carriers in the $2.2-trillion stimulus package signed into law on March 27...

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