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Lufthansa postpones plane deliveries to cut costs

29 October 2009

Deutsche Lufthansa said on Thursday it had rescheduled some aircraft delivieries that had originally been planned for 2010-2013 to help cut costs amid the global economic crisis.

Airlines around the world have been grounding airplanes and cancelling aircraft orders to cope with lower demand. Plane makers Boeing and rival Airbus are headed for their worst annual order tally in at least 15 years.

source: Reuters

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