Seeking Alpha

Airbus lines up deals in China

  • Airbus has obtained commitments for a total of 43 of its A320 family of aircraft from two new Chinese carriers, Qingdao Airlines and Zhejiang Loong Airlines, Airbus said at Aviation Expo China 2013 in Beijing.
  • The European plane maker has also reportedly received an order for 25 A320 aircraft from China's BOC Aviation, the aircraft leasing arm of Bank of China.
  • At the Expo, Airbus unveiled a short-range "regional" version of its A330-300 jet, which will seat 400 passengers and provide cost savings of 15%.
  • Meanwhile, Airbus parent company EADS (EADSF.PK) intends to improve its tender to sell 60 Eurofighter Typhoons to South Korea as it looks to beat Boeing and Lockheed Martin for the deal. The Korean government called off the tender earlier this week after rejecting Boeing's 8.3T won ($7.7B) offer. The favorite for the order appears to be Lockheed Martin's F-35.
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