Airbus confirms order of almost 300 jets from China in deal worth billions

The aircraft manufacturer, Airbus, has announced an order of around 300 jets from China in a deal valued at billions of dollars, according to BBC News.

With an agreement to acquire the A320 and A350 XWB aircrafts signed following a visit by Chinese President, Xi Jinping, trip to Paris, the order is thought to be a package of deals completed during Mr Xi’s trip to Europe.

In a statement, Airbus revealed that the deal with China Aviation Supplies Holding Company will cover the purchase of the company’s aircraft which include 290 A320 planes and ten A350 XWB jets.

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Although no official figure has been announced, there are reports that the figure is estimated to be worth approximately $34bn.

Airbus Commercial Aircraft President, Guillaume Faury, commented: “We are honoured to support the growth of China's civil aviation with our leading aircraft families - single-aisle and wide-bodies. Our expanding footprint in China demonstrate our lasting confidence in the Chinese market and our long-term commitment to China and our partners.”