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Buying Airline Tickets for NYC - London / Paris April 2015 trip...

We are planning a family trip from New York to London and Paris for April 2015. How early is too early to purchase air line tickets and book hotels? What is the best time to purchase airline tickets for the best price? If we are arriving in London and returning home from Paris is there anything we need to know about purchasing our tickets? It feels a little overwhelming right now!

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Duplicate question. Same question with answers running under Transportation.