Chinese state-backed company will purchase 140 Airbus A320 and A350 jets

A Chinese state-backed company will purchase 140 aircraft from Airbus, in a $17 billion deal inked Friday during German Chancellor Olaf Scholz’s one-day visit to China.

China Aviation Supplies Holding Co., which is run by the State-owned Assets Supervision and Administration Commission of the State Council, will purchase 132 A320 and eight A350 aircraft from Airbus, it said in a statement.

A Chinese state-backed company will purchase 140 aircraft from European plane manufacturer Airbus SE in a $17 billion deal inked Friday during German Chancellor Olaf Scholz’s one-day visit to China.

China Aviation Supplies Holding Co., which is run by the state-owned Assets Supervision and Administration Commission of the State Council, will purchase 132 A320 and eight A350 aircraft from Airbus, it said in a statement.

An Airbus spokesman said the framework agreement announced Friday covers pre-existing commitments by Chinese customers for its commercial aircraft. marketwatch.com