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Airbus provides a multi-billion-dollar jet order from China



  Photo of A320neo. Image copyright
Airbus

Airbus has secured an order from China for 300 jets for a deal valued at tens of billions of dollars. agreement to buy airplanes A320 and A350 XWB was signed during the visit of Chinese President Xi Jinping in Paris.

The order is part of a package of transactions signed during Mr Xi's visit to Europe.

Coming as Boeing's rival, Erbus said he had signed an agreement with China Aviation Supplies Holding Company covering the purchase of Chinese airline aircraft by Airbus aircraft, including 290 A320 planes and ten A350 XWB aircraft.

The deal is worth about 30 billion euros ($ 34 billion, £ 26 billion), according to reports. "We are honored to support the growth of Chinese civil aviation with our leading aircraft families ̵

1; one-story and wide-body," said Airbus Commercial Aircraft President Guillaume Faury.

Mr Faury has to become Airbus's new CEO in April.

"An expanding footprint in China demonstrates our continued confidence in the Chinese market and our long-term commitment to China and our partners." The deal is likely to be a blow to Boeing, under pressure after two fatalities involving 737 Max 8 in five months.

Many countries banned the airplane from their airspace after the catastrophe of Ethiopia earlier this month. Boeing later founded its 737 Max fleet as investigations into the cause of the disaster continue.

Mr Xi began his European tour last week in Italy, where he became the first developed economy to join the Chinese global belt and road initiative

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Getty Images

Chinese President Jin Geing and French President Emanuel Macron

But other European countries and the United States have expressed concern about China's growing influence.


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