Concept:
Current limiting reactors are used to limit short-circuit current in power systems. During faults, very large current flows through the reactor.
Step 1: If an iron core is used, the magnetic flux increases with current.
Step 2: During heavy fault currents, the iron core may reach magnetic saturation.
Step 3: When saturation occurs, inductance decreases and the reactor cannot limit current effectively.
Step 4: Air does not saturate like iron.
Step 5: Therefore, air-cored reactors maintain nearly constant inductance even during heavy fault currents.
Hence, current limiting reactors are air-cored:
\[
\boxed{\text{To avoid magnetic saturation during heavy fault currents}}
\]