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U.S. Airlines Fly Into Credit Squeeze
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Airlines in the U.S. begin to replace their aging fleets after a ten year period of few orders.
11/21/2006
United and American decide this is a good time to replace their aging fleets. The airlines seek manufacturers financing, lower prices to reflect the downturn and dropping commodites costs such as steel, and flexibility to change delivery schedules. THe idea is to be ready with fuel efficient aircraft once a recovery takes hold.
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08/01/2008
The declines in air travel and the condition of the airlines.
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