Monday, 19 August 2019

China orders 300 Airbus planes as Xi visits France

Chinese President Xi Jinping (left) and French President Emmanuel Macron toast during a state dinner at the Elysee Palace in Paris, France, on March 25, 2019.PHOTO: EPA-EFE

PARIS: China has ordered 300 Airbus planes in a €30 billion deal hailed as an “excellent sign” for Chinese-French relations, it was confirmed during President Xi Jinping’s visit to France this week.

The agreement was signed on Monday March 25, during the Chinese President’s visit with French President Emmanuel Macron at the Élysée Palace.

The order is for 290 Airbus A320 planes, and 10 A350s, ordered through the Chinese state company CASC (China Aviation Supplies Holding Company). Airbus has not confirmed the order value, but at 2018 catalogue prices, it would represent more than €35 billion.

A statement from the Élysée suggested that the deal was worth around €30 billion.

The move represents a more significant order than that announced in the “pre-agreement” made during Mr Macron’s visit to Beijing a year ago, which mentioned just 184 Airbus A320 planes across 13 Chinese companies.

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