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Airbus' mixed sales forecast

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Airbus' mixed sales forecast

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Airbus has upgraded its forecasts on long-term demand for new planes. It listed replacement of older aircraft and the expansion of low-cost carriers as factors in future growth.

However the European plane-maker said it believes the current industry crisis is likely to mean more order cancellations this winter. Sales chief John Leahy said right now some airlines would love to have the aircraft, but haven’t got the money.