China buys 140 Air­bus planes

Irish Independent - Business Week - - BUSINESSWEEK -

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

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.