Airbus ups long-term forecasts

Airbus has increased its forecasts for long-term new plane demand but said the current industry crisis is likely to spark a spate of new order cancellations this winter. The EADS subsidiary said yesterday it saw global demand for 25,000 new aircraft across the industry in the twenty-year period between 2009 and 2029, up from the 24,262 it forecast for 2007-2027.