China buys 140 Airbus planes
AIRBUS has signed an agreement to sell 140 aircraft to China, the company announced yesterday, in a deal worth almost $23bn (€20bn) at list prices.
The agreement, signed during a visit by Chinese President Xi Jinping to Germany, is for 100 A320 family aircraft and 40 A350 planes.
“It’s one of the biggest deals that we’ve signed in a long time,” Airbus Group CEO Tom Enders told journalists after signing the contract in Berlin.
The planes will be bought by state-owned China Aviation Supplies Holding Company, which will then allocate them to Chinese airlines.
The A320 planes will be a mixture of the older CEO and the new NEO versions, with revamped engines, while the majority of the A350 orders are for the - 900 model. The deal is flexible, pending negotiations with the airlines.
Mr Enders said he expected that up to half of the A320 family planes would come from the Airbus final assembly line in China.
He was making his first public appearance since Airbus rolled out a new structure, completing a merger between its parent company and its dominant plane-making arm. The changes included a shift in the reporting line for its commercial sales team to Mr Enders.
He said the shift in reporting lines for the sales team reflected the fact that commercial aircraft head Fabrice Bregier had been given more tasks in his new role as group-wide chief operating officer. (Reuters)
German Chancellor Angela Merkel looks on as Tom Enders (R), CEO of the Airbus Group, shakes hands with a Chinese trading partner during the signing ceremony