Sources: Airbus to Sell 100 Jets to China

By Mei Manuel, January 06, 2018 04:01 AM

Airbus A319(Pixabay)

Known airplane maker Airbus is currently under negotiations with Chinese authorities to sell 100 or more jets to China during French President Emmanuel Macron's state visit in China next week.

According to sources who are familiar with the negotiations cited by Reuters, President Macron will be accompanied by 50 executives, some of them including members from Airbus. 

It is possible that the deal between Airbus and China, should the negotiations push through, would amount to $10 billion but it may vary depending on the type of jets that would be sold to China. So far, sources say that the number of aircrafts that would be sold to China is yet to be agreed upon and it is possible it may be finalized during the diplomatic visit.

This is not the first time a large deal was made during a state visit for aviation as Boeing had agreed to sell 300 planes to China when US President Donald Trump was in China for his state visit in November.

Both Airbus and China Aviation Supplies Holding Company has yet to make a comment regarding the negotiations.

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