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2019-03-29: Major order from China for Airbus

Chinese State Holding signs contract for 290 A320s and ten A350s

The contract signed this week between Airbus and China Aviation Supplies Holding Company CAS comprises a total of 300 aircraft. The agreement was officially signed during the state visit of China's President Xi Jinping to France.

China is looking for partners in Europe for the "Belt and Road" initiative, a development strategy involving infrastructure development and investments. A total of 15 economic contracts worth a total of 40 billion euros were signed during the visit. They range from the energy sector to shipbuilding and the banking sector.

With the bulk order of 290 A320s and ten A350s worth 30 billion euros, the Chinese state holding company is bundling the needs of the numerous state-owned airlines. It is not yet clear how the orders will be split and how many of them are really new. In a similar case, Boeing presented an order for 300 aircraft in 2017 during a state visit by Xi Jinping and US President Donald Trump. A little later, Bloomberg reported that these were largely agreements that had been in place for years.  

For Airbus, the order from China is extremely important in view of the current difficult order situation and numerous cancellations. The order overview in the coming months will show how many new aircraft will be added for Chinese airlines thanks to the new deal.

 

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