Airbus Wins USD35 Billion Order in China
Chen Shanshan
DATE:  Mar 27 2019
/ SOURCE:  yicai
Airbus Wins USD35 Billion Order in China Airbus Wins USD35 Billion Order in China

(Yicai  Global) March 27 -- Airbus has inked a new order with a Chinese plane  lessor for 300 aircraft in a deal worth USD35 billion. President Macron  witnessed the deal, signed in Paris, along with Chinese counterpart  President Xi, who is visiting the country.

The  European aerospace giant has agreed a deal with state-backed plane  China Aviation Supplies Holding for the supply of 290 A320 and 10 A350  XWB aircraft, the Beijing-based firm said in a statement.

The planes will be distributed to operators after CAS has penned orders with them, according to the general terms agreement. 

There  are 1,730 Airbus aircraft in service in China as of the end of last  month, of which 1,455 are A320 family models and 17 are A350s. 

The  A320 is one of the world's best-selling single-aisle aircraft and  rivals the Boeing 737 family. China's self-developed C919 model is yet  to start deliveries. 

The  order follows the temporary suspension of flights using the Boeing 737  MAX after two air crashes occurred within half a year and some carriers  have considered canceling orders.

Operators  may be subject to damages if they scrap orders at this time as the  official investigations into the disasters are yet to finish. They will  also need to wait a longer time for deliveries if they cancel.

Editor: William Clegg

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Keywords:   Airbus,France