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

  • 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.
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