Australia's Qantas Airways is cancelling or deferring orders for 12 narrowbody aircraft, and cutting domestic capacity, to reduce capital expenditure over the next two years.
This is in response to "slower overall growth rates in the domestic market", said the airline.
Australia's flag carrier expects to take delivery of 34 aircraft in the 2011/12 fiscal year, nine fewer than the 43 previously planned. Orders for 12 narrowbodies will be cancelled or deferred, including three aircraft in the six months to 30 June 2010. See more on this story here