Airbus wins China order for 300 jets

PARIS: Airbus signed a deal worth tens of billions of dollars to sell 300 aircraft to China, coinciding with a visit to Europe by Chinese President Xi Jinping and matching a China record held by US rival Boeing.
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.
French officials said the deal was worth some 30 billion euros at catalogue prices. Plane-makers usually grant significant discounts.
The larger-than-expected order, which matches an order for 300 Boeing planes when US 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. It also comes as the grounding of the Boeing 737 MAX has left uncertainty over Boeing’s immediate hopes for a major jet order as the result of any warming of US-China trade ties. — AFP