business

6/4/25

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.

China Weighs Ordering Hundreds of Airbus Jets in Major Deal

China Weighs Ordering Hundreds of Airbus Jets in Major Deal

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.

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9h

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

9h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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