Airbus Wins China Order for 300 Jets as Xi Visits France - News Summed Up

Airbus Wins China Order for 300 Jets as Xi Visits France


The deal between Airbus and China's state buying agency, China Aviation Supplies Holding Company, which regularly coordinates headline-grabbing deals during diplomatic visits, will include 290 A320-family jets and 10 A350 wide-body jets. The larger-than-expected order, which matches an order for 300 Boeing planes when U.S. Donald Trump visited Beijing in 2017, follows a year-long vacuum of purchases in which China failed to place significant orders amid global trade tensions. China has become a key hunting ground for Airbus and its leading rival Boeing, thanks to surging travel demand. French President Macron unexpectedly failed to clinch an Airbus order for 184 planes during a trip to China in early 2018 and the two sides have been working to salvage it. Industry sources have said the year's delay in Airbus negotiations, as well as a buying freeze during the U.S. tariff row, created latent demand for jets to feed China's growth.


Source: Ethiopian News March 25, 2019 19:30 UTC



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