Airbus wins massive deal in China

Plane maker gets $22 billion in aircraft orders
European plane maker Airbus has signed orders for 140 single-aisle and wide-body aircraft worth $22 billion at list prices.
On top of this, talks are continuing to also sell more A380 superjumbos to China, which is set to become the world’s largest aviation market by around 2024.
The outline deal includes 100 A320-series jets plus 40 of Airbus’ new twin-aisle A350s. It was signed with state-owned China Aviation Supplies Holding Co., which will distribute the planes to airlines over the coming five to six years.
Talks on the A380s are about adding to five already sold to the airline China Southern. Airbus thinks there is demand for as many as 100 of the superjumbos in the region.
Airbus also plans to increase production of a narrow-body line in Tianjin, China.
Airbus’ rival Boeing says China will need 6,810 aircraft by 2035, with travel demand within China growing at more than 6% a year on average.

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