Airbus confirms order of almost 300 jets from China in deal worth billions
The aircraft manufacturer, Airbus, has announced an order of around 300 jets from China in a deal valued at billions of dollars, according to BBC News.
With an agreement to acquire the A320 and A350 XWB aircrafts signed following a visit by Chinese President, Xi Jinping, trip to Paris, the order is thought to be a package of deals completed during Mr Xi’s trip to Europe.
In a statement, Airbus revealed that the deal with China Aviation Supplies Holding Company will cover the purchase of the company’s aircraft which include 290 A320 planes and ten A350 XWB jets.
Although no official figure has been announced, there are reports that the figure is estimated to be worth approximately $34bn.
Airbus Commercial Aircraft President, Guillaume Faury, commented: “We are honoured to support the growth of China's civil aviation with our leading aircraft families - single-aisle and wide-bodies. Our expanding footprint in China demonstrate our lasting confidence in the Chinese market and our long-term commitment to China and our partners.”