LWorld Airways set to reduce operating costs

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LWorld Airways set to reduce operating costs

Business
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"In this

environment of great uncertainty, we believe our most prudent course of

action is to take immediate steps to address the issue of lower than expected

demand and the resulting overcapacity in our fleet," said Chairman

Hollis Harris.

The company

also announced that it will not pursue bids to provide seasonal passenger

services for the 2002 Hadj pilgrimage, due to the "potential risk

to World Airlines employees."

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