EADSY - Amid Boeing's Production Delays Airbus Initiate Talks To Sell Over 100 Widebody Jets To China: Report | Benzinga
Airbus SE (OTC:EADSY) is negotiating a significant sale of A330Neo aircraft to China.
What Happened: The discussions have gained momentum since President Xi Jinping visited French President Emmanuel Macron last month. According to sources familiar with the matter, Bloomberg reported on Tuesday, that major Chinese airlines are considering purchasing over 100 of the upgraded A330 models.
The negotiations highlight the growing contrast between Airbus and Boeing Co. in China’s aviation market amid high geopolitical tensions between China and the US. China has once again halted imports from U.S.-based Boeing, while Airbus benefits from its local investments in China.
An order from China would boost the backlog for the slower-selling ...