Air­bus reaches 140-jet deal with China

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — Bloomberg News

Air­bus SE won or­ders from China to sup­ply 140 sin­gleaisle and wide-body jets worth $22 bil­lion at list prices and said it’s in talks to sell more A380 su­per­jum­bos there af­ter the sign­ing of ac­cords on closer co­op­er­a­tion in the avi­a­tion and space sec­tors.

The Euro­pean plane-maker se­cured a deal for 100 A320-se­ries jets split be­tween cur­rent and new-en­gi­neop­tion ver­sions, as well as 40 of its lat­est twin-aisle A350s, Chief Ex­ec­u­tive Of­fi­cer Tom En­ders said Wed­nes­day in Ber­lin dur­ing a visit to the Ger­man cap­i­tal by Chi­nese Pres­i­dent Xi Jin­ping.

“This is a great en­dorse­ment of our lead­ing prod­ucts in both the sin­gle-aisle and wide-body seg­ments,” En­ders said. “China is one of the world’s most im­por­tant mar­kets for avi­a­tion to­day.” Talks are un­der­way re­gard­ing a deal for more A380s to add to five sold to China South­ern Air­lines Co., with Air­bus see­ing de­mand for as many as 100 su­per­jum­bos in the re­gion, he said.

Air­bus al­ready has a nar­row-body pro­duc­tion line in Tian­jin, east of Bei­jing, and out­put of the A320s will be split be­tween that site and Europe, ac­cord­ing to En­ders.

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