Airbus shares rise as China reportedly nears a massive deal for hundreds of jets
China is narrowing in on a massive deal with European plane maker Airbus, according to reporting by Bloomberg.
The order could involve between 200 and 500 aircraft and be announced as early as next month when EU leaders visit China.
Airbus shares climbed about 2% Wednesday morning, while shares of US competitor Boeing ticked down.
A deal of this magnitude would add to Boeing’s China headache. The plane maker has been tied up in the trade war this year, with China briefly turning away its jet deliveries. (The country is set to resume deliveries this month.) Boeing hasn’t received a major order from China since 2017 and has announced fewer than 30 airplane orders from Chinese companies since 2019.
If the deal is finalized and the order number hits the higher end of its rumored plane count, it would rank among the largest jet orders ever. Indian budget airline IndiGo ordered 500 narrowbody jets from Airbus in 2023.
Airbus shares climbed about 2% Wednesday morning, while shares of US competitor Boeing ticked down.
A deal of this magnitude would add to Boeing’s China headache. The plane maker has been tied up in the trade war this year, with China briefly turning away its jet deliveries. (The country is set to resume deliveries this month.) Boeing hasn’t received a major order from China since 2017 and has announced fewer than 30 airplane orders from Chinese companies since 2019.
If the deal is finalized and the order number hits the higher end of its rumored plane count, it would rank among the largest jet orders ever. Indian budget airline IndiGo ordered 500 narrowbody jets from Airbus in 2023.
