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16:37, 27-Mar-2019
Airbus wins China order for 300 jets
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Airbus signed a deal worth tens of billions of dollars on Monday to sell 300 aircraft to China, matching a China record held by U.S. rival Boeing.
The deal between Airbus and the China Aviation Supplies Holding Company will include 290 A320-family jets and 10 A350 wide-body jets. French officials said the deal was worth some 30 billion euros at catalog prices.
China has become a key hunting ground for Airbus and its leading rival Boeing, thanks to surging travel demand. Airbus noted the number of in-service Airbus craft of Chinese operators amounted to some 1,730 as of end-January, consisting of 1,455 A320 series aircraft and 17 A350-XWB family jets.
According to Airbus' latest China Market Forecast 2018 to 2037, China will need about 7,400 new passenger and freighter aircraft in the next two decades, constituting over 19 percent of the global demand for some 37,400 new aircraft.
(With input from Reuters)