Airbus in talks to sell 150 plans to China in $20B deal

|About: Airbus Group SE (EADSF)|By:, SA News Editor

China is in negotiations to purchase at least 150 jets from Airbus (EADSF) in bookings that could be worth up to $20B, Reuters reports.

The company could try to tie up the deals when Chinese President Xi Jinping visits Europe at the end of the month. The sides may also discuss the opening of a second Airbus factory in China.

The plane-maker is expected to sell more A330 aircraft to China, while any bookings could also include the A320 and A350.

China has traditionally balanced its airplane orders between Airbus and Boeing (BA), and industry sources say that the latter appears to have deals with Beijing for a similar numbers of jets.