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Frankfurt airport operator Fraport has broadly agreed with Deutsche Lufthansa on a deal to lower prices it charges the carrier for ground handling, sources close to the talks said on Wednesday. Lufthansa will receive a price reduction worth less than 50 million euros ($61.27 million) from 2006 when its existing contract runs out. The companies declined to comment on details of any deal but said they expected to reach an agreement by the end of June.

Copyright Reuters, 2005

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