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Saturday, October 28, 2006

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ENTERTAINMENT / RETAIL / TRAVEL - February 1 to February 28, 2005

Legoland California has reversed the trend of recent years and posted sharply increased revenues for 2004. Attendance at the Carlsbad amusement park was up more than 9% from 1.3 million visitors to 1.42 million last year. Revenues rose even more, climbing by a full 11% from 2003 to 2004. The Lego Co., the family-owned Danish parent of Legoland amusement parks in Denmark, Germany, England, and the US, said last fall that it was seeking potential investors, either to own the parks or to own shares in park holding companies. According to Legoland California spokeswoman Kimberly Clark, revenues rose faster than attendance because visitors to the park spent more money on food and other items. Adult admission to the park costs $45. Children between ages 3 and 12 and seniors older than 60 pay $38 to enter the park…

Malaysian Airlines plans to expand its fleet with an order for up to 78 new planes this year. The order, which could be worth more than $3 billion based on catalog prices, would add to the company's passenger plane fleet, which is Southeast Asia's biggest with about 100 aircraft. The company operates Malaysia Airlines, the country's national carrier. Boeing Co. and Airbus is expected to submit competing proposals by February 15 to supply the airline with between 45 and 60 new planes to replace its 39 Boeing 737-400 planes. The company's narrow-body 737-400 planes are about 10 years old, and it has said earlier it wants new aircraft to reduce fuel and maintenance costs. Also due by February 15 are proposals from three other manufacturers for between 10 and 18 aircraft to replace Malaysian Air's 10 Fokker 50 planes, Low said. The three companies are France-based ATR, Brazil's Embraer and Canada's Bombardier Inc. The company reportedly will likely decide before June on which planes to purchase. Malaysian Air's latest plan follows a December 2003 deal to lease six new Airbus A380 planes. The A380s will be the world's biggest passenger aircraft, accommodating 555 passengers each when they begin commercial flights in 2006; and…

St. Regis Hotels & Resorts, a division of Starwood Hotels & Resorts Worldwide Inc., in conjunction with developer Carpenter & Company, Inc., has announced a projected July 2005 opening of the St. Regis Hotel and Residences San Francisco, a 40-story landmark comprising a 260-room luxury hotel and 102 private residences. Located at Third and Mission streets, the new hotel will include 201 guest rooms, averaging 450 square feet, and 59 suites ranging in size from 700 to more than 3,200 square feet.

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