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Airbus wins China order for 300 jets as Xi visits France

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Airbus wins China order for 300 jets as Xi visits France

Airbus wins China order for 300 jets as Xi visits France

Airbus has 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 U.S. rival Boeing.

Ed Giles reports.

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Airbus wins China order for 300 jets as Xi visits France

Airbus has landed a deal to sell 300 aircraft to China - an order worth tens of billions of dollars for the European aircraft manufacturer.

The order is bigger than expected and matches a previous record for the number of aircraft sold to China in one deal.

That's been held by major Airbus rival, U.S. aircraft maker Boeing.

The announcement by Airbus comes as Chinese President Xi Jinping visits Europe, he met with French President Emmanuel Macron on Monday (March 25).

The deal includes 290 A-320 type jets.

Along with 10 A-350 wide-body planes.

French officials say it would be worth 30 billion euros, at the catalog price.

China's Airbus deal was announced after the grounding of Boeing's 737 MAX dashed hopes of big orders for Boeing in China.

After the fatal Ethiopian Airlines crash involving the 737 MAX, China was the first to ground the newest version of Boeing's top model.

It also comes after a year of trade tensions between Beijing and Washington, when China's state buying agency failed to place any significant aircraft orders.

There's no evidence of a connection between the trade war, or Boeing's fleet issues, and the Airbus deal.

However, China watchers say Beijing has a history of sending diplomatic signals through state aircraft deals.

And to add to the confusion, a similar-sized purchase of Boeing aircraft had been expected by China as part of a possible deal to end the U.S.-China trade war.

China has become a key market for rivals Boeing and Airbus due to surging travel demand in the world's most populous country.




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