China in talks to buy at least 150 Airbus jets: Sources
Published on Mar 19, 2014 12:35 PM
BEIJING (REUTERS) - China is in talks to buy at least 150 Airbus passenger jets potentially worth US$20 billion (S$25.3 billion) when Mr Xi Jinping pays his first visit to Europe as president at the end of this month, people familiar with the matter said.
In a broad-ranging deal that could help reset trade relations between China and Europe after a bumpy year, the deal could include an agreement to buy more A330 passenger jets in exchange for a deal to open Airbus's second plant in the country.
The "cabin completion" plant for A330s would bolster Airbus's presence, five years after the opening of its first final assembly plant outside Europe in the Chinese port city of Tianjin, where local workers piece together complete A320 jets.
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 continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here