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As large combination airlines slug it out in the marketplace, or through government lobbying, smaller freight-only carriers appear to be slipping under the radar, quietly picking up business.

The big three US airlines are focused on a fight with the Gulf carriers. But with additional belly space and freighters coming into the market and major investment in facilities and global hubs, the UAE and Qatar cargo arms could cast a long shadow over Europe.

But, in direct contrast to the mighty US ...

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