China buys 300 Airbus jets in $35 billion deal

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China buys 300 Airbus jets in $35 billion deal

Postby Greg on Tue Mar 26, 2019 12:38 pm

Airbus secured a $35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a blow to Boeing Co. as it grapples with the grounding of its best-selling jet.

The mammoth order consists of 290 A320-series narrow-body planes and 10 A350 wide-bodies, Toulouse-based Airbus said after the transaction was announced in Paris on Monday. The deal’s value is almost double that touted by French President Emmanuel Macron in January 2018 during a trip to Beijing.

Bloomberg
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