Airbus Inks $17 Billion Aircraft Deal With Chinese State-Backed Company -- Update
November 04 2022 - 5:49AM
Dow Jones News
By Clarence Leong and Mauro Orru
A Chinese state-backed company will purchase 140 aircraft from
European plane manufacturer Airbus SE in a $17 billion deal inked
Friday during German Chancellor Olaf Scholz's one-day visit to
China.
China Aviation Supplies Holding Co., which is run by the
state-owned Assets Supervision and Administration Commission of the
State Council, will purchase 132 A320 and eight A350 aircraft from
Airbus, it said in a statement.
An Airbus spokesman said the framework agreement announced
Friday covers pre-existing commitments by Chinese customers for its
commercial aircraft.
Write to Clarence Leong at clarence.leong@wsj.com and Mauro Orru
at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 04, 2022 06:34 ET (10:34 GMT)
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