Thu. Jun 13th, 2024

Airbus is in talks to sell more than 100 wide-body aircraft to Chinese airlines

Natasha Kumar By Natasha Kumar Jun7,2024

Airbus in talks to sell more than 100 wide-body jets to Chinese airlines

Airbus SE is in talks for a major sale of A330neo planes to China, with some of China's biggest airlines considering buying more than 100 of the upgraded A330 models. Bloomberg News reported on Tuesday.

Terms are still being negotiated and a timeline is uncertain, the report said, citing people familiar with the matter.

Airbus declined to respond to Bloomberg's request and said it does not comment on confidential talks that may or may not be taking place with clients.

Details of the deal emerged after a meeting between Chinese President Xi Jinping and his French counterpart Emmanuel Macron last month.

In April, Reuters reported that France's Airbus was in preliminary talks on a potentially large order with China, the world's second-largest aviation market.

Airbus had previously said it expected within the next two decades, traffic in China will grow by 5.3% annually, ahead of the world average of 3.6%.

Last April, during Macron's state visit, the company agreed to build a second family assembly line in the country A320neo narrow-body aircraft.

In the past, China has typically split aircraft purchases between Airbus and Boeing, but deals with the American aircraft maker have slowed significantly in recent years amid trade or political tensions.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my 1-800-268-7116

Related Post