In a surprise move China and France struck the major contract. The timing is right as US Boeing is struggling with the fallout caused by the repetitive fatal problems with 737 Max model – the most popular in the line of current products.
The French aircraft maker Airbus has struck a billion-dollar deal with China. Chinese President Xi Jinping and French President Emmanuel Macron signed their agreement on Monday in the French presidential palace Élysée.
China buys 290 Airbus aircraft of the A320 model and ten aircraft of the A350 model. The deal would involve an amount of 35 billion euros based on list prices. A caveat here is that with large orders a discount is almost always given. In the earlier consultations between China and Airbus an amount of 18 billion dollars was mentioned.
China is one of the most important markets for aircraft manufacturers. For example, according to Airbus calculations, the country will need some 7,400 passenger and cargo aircraft in the next two decades. At the end of January, there were 1730 Airbus aircraft in use in China.