Airbus says China commits to buy 70 A320-family jets

BERLIN (REUTERS) - Europe's Airbus said on Friday it had signed a framework agreement with China's state purchasing agency to supply 70 A320-family jets.

The "general terms agreement," signed in Berlin during a visit by Chinese Premier Li Keqiang, is for current-generation A320 and A321 models, Airbus Chief Executive Fabrice Bregier told reporters.

Such aircraft are worth US$94 million (S$120 million) to US$110 million each at list prices, valuing the provisional deal at around US$7 billion.