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Plane maker Airbus reports record orders for 2011

Plane maker Airbus has reported record orders for 2011 but has warned that demand for new planes will fall sharply this year.

The company said it received 1,419 orders worth about $140bn (£91bn) last year, compared with 805 for its fierce US rival Boeing.

Demand for the fuel-efficient A320NEO medium-haul jet was particularly strong, it said.

While business is booming at the plane maker, many of its customers are struggling.

Jeremy Howell reports.

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