China in Talks with Airbus on Possible $20B Aircraft Deal



Reuters reported, citing people familiar with the matter, that China is in talks to buy at least 150 Airbus passenger jets potentially worth $20 billion when Xi Jinping pays his first visit to Europe as president at the end of this month.

Reuters notes that the deal could help reset trade relations between China and Europe after a bumpy year, China is expected to buy more A330 passenger jets as talks advance to open Airbus’s second major factory in the country.

Reuters said the deal could also involve a decision to unfreeze the purchase of 27 A330s blocked by China during a recent row with the European Union over environmental policies.

To read the entire Reuters report, click here.


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