Airbus sells $17billion worth of jets to China

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Airbus signed an order Thursday
to sell 130 commercial jets to China in a deal worth $17 billion
to the European aircraft maker.

The manufacturing giant completed the sale during a meeting between German Chancellor Angela Merkel and Chinese Premier Li Keqiang in Germany.

China Aviation Supplies Holding Company, an aircraft leasing company, was the buyer.

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The order was for 30 of the A330 twin-aisle jets and 100 of the single-aisle A320s.
CAS also ordered another 45 of the A330s earlier this year.

China is a key market for both Airbus and Boeing, thanks to the growing demand for air travel
there.
Boeing expects the industry to sell 6,330 commercial aircraft worth $950 billion to China over
the next 20 years.

Chinese President Xi Jinping visited Boeing’s factory in Everett, Washington during a trip to the United States in September.
During that visit Boeing announced orders and commitments for 300
commercial planes to China, valued at $38 billion.

Shares of Boeing, which are up 14% so far this year, were slightly lower in early trading on Thursday.

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